85 Spring Street: A New Destination for Luxury

Market Insights
7 years ago
3 minutes
There’s something to be said about the top end of Melbourne’s CBD. 
It’s framed by some of the city’s most beautiful buildings such as Parliament House and Princess Theatre and surrounded by the expansive Treasury Gardens, with the Royal Exhibition Centre not far away, neither is Melbourne’s sporting precinct, home to the MCG.
Then there’s the “Paris End” of Collins Street lined with the world’s most exclusive designer labels, mixed in with Melbourne’s best restaurants and cafes.
Now, imagine living at the centre of possibly the city’s most exciting pocket, with everything mentioned above, plus more, within walking distance.
Well, it’s now a reality.
With 215 apartments spread across 38 floors, every compass direction at ’85 Spring Street’  will boast a phenomenal view: Treasury Gardens to the east, north over Parliament House, south east to the MCG and Yarra Park, south to the city skyline, bay and beyond.
“The building has been designed to positively contribute to Melbourne’s skyline and endure into the future as one of the city’s very best residential addresses,” explains Tim Storey, Colliers International Managing Director of Residential. 
“On completion, 85 Spring Street will sit comfortably alongside Grocon’s stable of luxury residential projects successfully built or developed in Melbourne throughout its history, including the Westin Hotel Apartments, Park Hyatt and Grand Hyatt Hotel and Eureka Tower.”
Kerry Phelan at KPDO is in charge of the stylish interiors, which will see a homely yet sophisticated colour palette of greys, whites, and beige effortlessly blended to transform a house into a home.
The two and three bedroom apartments on offer will feature only the finest finishes and are generously-sized; the average dwelling is around 160 square metres, with some extended over two levels.
Residents will also have access to an indoor pool, steam room, gymnasium and sauna, as well as a function space.
While two new retail spaces developed at 85 Spring Street will become part of the precinct, in addition to a new public art commission that will be included in the link between Little Collins Street and Ulster Lane.
There’s also an added good dose of karma for those who snap one of the apartments up, in more ways than one.
Grocon has committed to achieving a five-star certification under the Green Building Council of Australia’s GreenStar rating tool, while each purchaser will help break the cycle of homelessness by participating in The Big Issue’s Homes for Homes initiative.
“Purchasers at 85 Spring Street will enter into voluntary agreements to contribute 0.1% of the future sale price of their apartments to the trust at the time that the apartments are sold next,” Mr Storey says.  
“Grocon’s owners Daniel and Kat Grollo will contribute the same value at the time the apartments settle for the first time.”
85 Spring Street is slated for completion in 2019.
To learn more about this exciting opportunity to live in a premium pocket of the CBD, click here.