Probuild Wins $2 Billion West Side Place Contract
Construction giant Probuild has won the design and construct contract for Melbourne’s $2 billion West Side Place apartment project and Ritz Carlton Hotel.
International developer Far East Consortium is set to transform the former The Age newspaper site at 250 Spencer Street, into Victoria’s largest residential development. The developer has so far recorded over $700 million in pre-sales for towers one and two.
West Side Place is Probuild’s largest construction contract in its history.
The first stage of the development will house 1376 apartments over two towers, as well as the tallest hotel in the southern hemisphere — Melbourne’s first Ritz-Carlton hotel at 270m high.
“We are thrilled to be partnering with Far East Consortium to deliver West Side Place. This contract is the largest secured by Probuild in our 30-year history and we can’t wait to bring this iconic project to life,” Probuild’s Victorian managing director, Luke Stambolis said.
“Our team in WA is currently delivering one of Perth’s most significant developments with the Ritz Carlton at Elizabeth Quay, and Far East’s willingness to enter another major project together is a testament to the relationship that’s been built between Probuild and Far East Consortium.
“We’ve worked really hard to ensure the service a client receives in one state mirrors another. Our skills and expertise are mobile, and our Victorian team has been providing significant support to The Elizabeth Quay redevelopment.
“This Victorian project is one of unprecedented scale and ambition, not just for Probuild but for Melbourne. West Side Place will be an exemplary project for generations to come.”
Probuild has recently commenced construction on Sydney’s tallest residential tower, the Greenland Centre.
The 263-room Ritz-Carlton hotel will be located in tower one of the four tower development. The smallest of the four towers will be 62-storeys, ranging up to 81.
On the residential side, West Side Place will feature a range of 1 and 2-bedroom apartments and carefully designed amenities totalling more than 4,500 square metres. Amenities include pools, a gym, cinema, karaoke rooms, catering kitchen, boardroom, business centre, study pods, library, a private wine bar, sauna and steam room.
Probuild will commence preparatory works on West Side Place immediately, with construction anticipated to commence in November this year. West Side Place is scheduled for completion in 2022.