ICD Property selects Hickory to deliver Melbourne’s last ‘super tower’

WCN Editorial Team 16 Dec 2019 OCEANIA BUILDINGS

Australian constructing firm Hickory Group has been selected by Australian private property developer Innovative Construction & Development (ICD) Property as the builder of $440m skyscraper, named Aspire Melbourne.

Located in the heart of Melbourne’s Central Business District (CBD) and opposite Flagstaff Gardens on King Street, the 594-unit Aspire Melbourne will be 211m-tall and features sleek curvature facade designed by Elenberg Fraser.

Hickory will be responsible for delivering six floors within the building that will be dedicated solely to shared luxury amenities for residents.

Construction on the new 65-level tower is scheduled to commence next month and is planned for completion in October 2021. It is said to be one of the city’s last permitted “super towers”.

The project is expected to provide a significant boost to Melbourne’s local economy and job market by creating approximately 1,000 jobs during the approximate three-year construction phase.

Hickory managing director George Abraham said: “We’re proud to be partnering with ICD Property to deliver this unique development. Aspire will join a long list of skyscrapers Hickory has successfully built leveraging the experience of our internal structures and facades team.

“We’re also very excited to collaborate with Elenberg Fraser once again, to deliver their sleek, sculptural design.”
The Aspire Melbourne will feature amenities ranging from a library and co-working space with board rooms to a champagne conservatory, whiskey parlour, and wellness centre including a gym, hydro pool, and a spa.

The contract follows ICD Property securing funding from Australia’s development financier MaxCap Group and Goldman Sachs for the Aspire project, in September 2019.

MaxCap Group is the project’s joint venture capital partner while Goldman Sachs was selected to provide the first mortgage construction finance.

ICD Managing Director Matthew Khoo earlier said: “Having MaxCap Group as a capital partner is a huge vote of confidence for the project but also ICD’s capability and our vision to deliver something new to Melbourne’s ever-evolving skyline.

“In particular, we’re offering residents a level of amenity previously unseen in Melbourne CBD projects. On average, apartment towers nowadays are offering around five types of amenity but we’re looking to offer 20 types of amenity.”

Image: Illustration of the Melbourne’s last ‘super tower’. Photo: courtesy of Innovative Construction 
& Development Pty Ltd.

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