“Vertical Village” proposed for 435 Bourke
By Jessica Carrascalao Heard
There could be a new addition to Melbourne’s skyline, with Cbus Property proposing a 200m tall “vertical village” in the heart of the CBD.
The $1 billion project, located at 435 Bourke St and stretching from Queen to McKillop streets, would add over 64,000 sqm of office.
The 55-level building would also include retail offerings, landscaped terraces and a four-level wellness hub.
Cbus Property CEO Adrian Pozzo said the project would “create a new and exciting standard” for commercial offices.
“The significance of the project’s location and the needs of a future city were integral to project’s design,” he said.
In November, a report by Urbis commissioned by the Property Council’s victorian division, found that Melbourne’s CBD would require an extra 4.4 million sqm of office floorspace by 2036.
Property Council executive director Cressida Wall, said: “Melbourne’s CBD desperately needs more office floorspace growth to support the high-value jobs that are so vital to our economy.”