The developer of the recently approved 111-125 A’Beckett Street tower in the Melbourne CBD will devote a portion of its sales to non-profit organisation Homes for Homes.
The Elenberg Fraser-designed tower was given conditional approval from the City of Melbourne earlier this year, but the updated version was only approved by the Victorian planning department on 8 November.
On announcement of the approval, the Victorian government also revealed that Singapore developer Tong Eng Group had committed to donating a percentage of sale from the each of the project’s apartments to Homes for Homes, a charity established by The Big Issue to raise money for social and affordable housing
The circa 200-metre high building, named Myriad Melbourne, will house 632 apartments and, based on sale price percentage upon settlement for each unit, plus a smaller donation every time the units are on-sold, are expected to generate more than $1 million for social housing.
The building is likely to go to market very quickly to take advantage of the current apartment boom.
BIT OF NEW, BIT OF OLD
Myriad Melbourne will feature a 56-storey residential tower on top of a commercial, retail and carparking podium that also incorporates the façade of the existing heritage-listed Commonwealth Motors Building at the site.
The materiality of the deeply set-back podium will take cues from the heritage building below, and reappropriate its strong horizontal movements as balustrades, mullions and spandrels.
The built form from Level 8 onwards is formed by ‘bow-tie’ floorplates, not too dissimilar to the parametric curves Elenberg Fraser adopted for their nearby project at the old Savoy Tavern site.
The tower will be clad almost head to toe in a slightly tinted performance glazing system, starting as a neutral/silver at its base before transitioning to silver/purple as it grows.
The 64-storey development will have 632 one, two and three-bedroom apartments, retail space, car and bike parking.
Images: City of Melbourne/Elenberg Fraser