Beulah Acquires Iconic Site to Extend Melbourne Southbank Project
Southbank by Beulah will become a rare island site in central Melbourne after property developer Beulah acquired the neighbouring plot, with plans to extend the project. Sitting on one of Southbank’s busiest corners, the newly acquired site, currently home to Hanover House, will allow Southbank by Beulah to expand by 1,515sqm.
UNStudio and Cox Architecture, the duo behind the design, which includes Australia’s tallest tower, are now preparing a submission to the local council for permission to extend the project’s lifestyle retail podium. If approved, Southbank by Beulah will span a total of 7,706 square meters, and ultimately create a rare island site with four street frontages (Power Street, City Road, Southbank Boulevard, Waterfall Lane), plus a new Melbourne laneway.
Among the changes, the expansion will allow for more than 45 metres of additional space to be created between the two towers, as well as an increase of the public park on the 7th floor and the community auditorium. The commercial offering will also increase to 50,000sqm, as a direct response to the future of workspaces post-covid.
The construction of Southbank by Beulah is expected to start in early 2022, and will take approximately five years to complete.