Construction begins on $200m redevelopment of historic Hotel Lindrum

A new chapter has begun for one of Melbourne’s most iconic heritage sites, with construction officially commencing on the $200 million redevelopment of the historic Hotel Lindrum on Flinders St.

Diversified property developer Time & Place marked the milestone with a ground-breaking ceremony on-site in August, attended by Lord Mayor Nick Reece, alongside representatives from builder Kapitol, architects fjcstudio and project consultants. The event celebrated the beginning of a significant transformation that will see the landmark heritage building reimagined into a 27-storey office tower.

The project will preserve the hotel’s heritage façade while introducing a modern office tower offering exclusive full-floor premium-grade office suites. Occupants will enjoy sweeping views across the Yarra River, the Royal Botanic Gardens, the MCG and Melbourne’s arts and sporting precincts.

The Lord Mayor welcomed the redevelopment, noting the project’s importance in maintaining Melbourne’s heritage while driving investment into the city.

Time & Place founder and director Tim Price said redeveloping the Lindrum came with a sense of responsibility.

This eastern pocket of the CBD stands head and shoulders above the rest of Melbourne’s office market,” he said. “We see Lindrum as a ‘unicorn’ – an opportunity for high-net-worth occupiers and investors to own an exclusive piece of Melbourne’s most premium office real estate. It will deliver uncompromised views and unrivalled connection to icons like Flinders Street Station and the Arts Centre.

Beyond premium office space, the development will include a lively ground-floor event space, club-style end-of-trip facilities and laneway connections into Flinders Lane’s dining precinct.

Time & Place has already pre-committed a third of the building’s floors to family offices and businesses from its private network, underscoring demand for high-quality commercial real estate in the CBD.

Construction partner Kapitol will lead delivery of the complex project, with a strong focus on preserving the heritage façade while integrating advanced construction methodologies.

Co-founder Andrew Deveson said the build had been meticulously mapped using 3D digital modelling and real-time data.

“Every detail, from neighbouring tram movements to crane logistics, has been planned to mitigate challenges before they arise,” he said. “That’s critical on a project like Lindrum, where modern construction must integrate seamlessly with a heritage landmark.”

The redevelopment will increase the size of the Theatres Building by 16 per cent that aligns with Time & Place’s ethos of creating design-led, heritage-conscious developments that also respond to Melbourne’s future needs.

Completion of the Lindrum redevelopment is anticipated by mid-2027, with an exclusive expression of interest process for prospective owners expected to launch later this year. •