$1.5B Queens Bridge tower breaks ground in Southbank

 Melbourne developer PDG, has commenced early works on its long-awaited $1.5B One Queens Bridge development, reviving a Southbank site that has remained dormant for more than a decade.

Located on one of Melbourne’s most significant riverfront sites, No.1 Queens Bridge - will deliver a 71-level mixed-use tower comprising 588 residences and a hotel, complemented by quality dining and wellness overlooking the Yarra River.

Originally constructed in the mid-1800s, the Queens Bridge Hotel will form a central part of the development, with PDG embracing and elevating the historic ‘pub’ as a key arrival point into the precinct.

The landmark building will anchor a new hospitality and dining offering, including a rooftop bar, a grand atrium entry, and a proposed global luxury boutique hotel integrated into the podium levels.

Crafted by internationally renowned design studio COX, in collaboration with ODO and PDG, the projects architecture draws inspiration from its unique riverfront positioning. 

The architecture explores the movement and fluidity of the Yarra River, expressed through a sculptural facade
composed of six vertical pleats extending the full height of the 71-storey tower.

The pleated form creates a distinctive three-dimensional expression that captures and reflects Melbourne’s changing light throughout the day, adding a dynamic presence to the city skyline.

Residents will have access to more than 5,500 sqm of amenities across multiple levels, creating an “urban village in the sky”.

PDG founder and managing director Vince Giuliano said the project represents a major milestone for both the site and Melbourne’s next wave of city-shaping developments.

“This project marks the revival of one of Melbourne’s most prominent riverfront sites and the beginning of a new chapter for Southbank," Vince said.

"For more than 15 years, the site has remained dormant, and the recent commencement of demolition on site is a powerful signal of our confidence in Melbourne’s future and in PDG’s ability to deliver a project of this scale and quality.

“Projects like this don’t come along often. No.1 Queens Bridge has been designed to deliver something truly exceptional for Melbourne, an address that brings together heritage, architecture, hospitality and residential living in a way the city hasn’t experienced for many years. 

"It’s very fitting, with Melbourne just being named the world’s best city for 2026.”

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