Zone Q unveils Melbourne Docklands project

Zone Q unveils Melbourne Docklands project

9 November 2018

Chinese developer Zone Q has unveiled plans for its landmark 637 Flinders Street commercial project in Melbourne’s CBD, reports The Urban Developer.

The new tower will ‘unlock’ two city blocks and will capitalise on record low vacancy rates in Melbourne’s CBD.

Zone Q purchased the site earlier this year for $122 million from Sydney fund manager and adviser Anton Capital.

Currently tenanted by Victorian Police whose lease ends in July 2020, the new plans will see the 14-storey building renewed into an A-grade ‘campus style’ office in the heart of Melbourne’s evolving Riverside precinct.

Bordered by a 100-metre frontage to Flinders and Siddeley Streets, the rare infill development will introduce a total of approximately 26,000 square metres of net leasable area and flexible floor plates ranging from 650 to 3,500 square metres.

“637 Flinders Street is perfectly positioned for a full refurbishment that will elevate the precinct to a premium standard that aligns with its prominent location,” Zone Q Acquisitions and Sales Manager Daniel Crotty said.

“We’ve seen increased demand in Melbourne’s city centre for well-designed buildings that meet the needs of a modern workplace and 637 Flinders Street will set a new standard for office design in the area,” he added.

Designed by Cox Architecture, the new 637 Flinders Street will also include ground floor retail amenity, which will look to include a variety of food and beverage and service operators to cater to both the wider neighbourhood and those who work in the building. The base of the building will also incorporate a piazza style entrance to increase connectivity between the building and existing streetscape.

“The design pays homage to the richness of maritime architecture in the area, with references to wharfs, sheds and industrial aspects woven throughout the façade and interiors materiality and architecture,” Cox Architecture Director Christina Prodromou said.

“The façade will also feature clear glass to further open the building to the surrounding streetscape,” she added.

The redevelopment will utilise the existing façade features, including the generous terraces and step-ins, with most of the existing building being retained.  A focus on wellness is emphasised throughout the building with winter gardens and terraces on six floors, as well as a communal rooftop terrace with a BBQ, seating, open meeting spaces and private meeting rooms.

The project is targeting a 4.5 NABERS rating.

The urban regeneration of the south-western CBD also includes burgeoning precincts such as Melbourne Quarter, Collins Square, Northbank, Flinders Bank, South Wharf and South Bank, as well as newly activated business and residential precincts that link Docklands to the CBD.  

Zone Q has an Australian team headquartered in Sydney and is looking to expand its footprint locally.

“We are actively seeking residential and commercial opportunities to add to our growing portfolio which has now reached $650 million across Perth, Sydney, Melbourne and Auckland,” Mr Crotty said.

“From a commercial perspective we’re looking at counter cyclical opportunities in Perth and Brisbane, as well as increasing our presence in key Melbourne, Sydney and Auckland markets.”

Construction at 637 Flinders Street is expected to commence in mid-2020, with completion expected late 2021.