Construction contractor Probuild has been awarded a contract by the property developer Far East Consortium to design and build the first stage for Melbourne’s AUD2bn ($1.55bn) West Side Place apartment project and Ritz Carlton Hotel.
Far East Consortium has decided to develop the former Age newspaper site at 250 Spencer Street, West Side Place, into largest residential development in Victoria.
The first stage of the development will include 1376 flats over two towers, and a Melbourne’s first Ritz-Carlton hotel at 270m high.
Probuild Victorian managing director Luke Stambolis said: “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.
“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.”