🏒 CommercialCompleted 2024

Melbourne Place

124-134 Russell Street, Melbourne VIC 3000

  • 15 floors
  • 191 hotel rooms

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2 years standing

Built in 2 yrs 6 mths

  1. 2020Planning application
  2. Jul 2021Construction started
  3. 2024Completed
  4. TodayStill standing

14 building permits Β· 6 news storiesFull timeline ↓

About Melbourne Place

Melbourne Place is a 15-storey hotel on Russell Street in Melbourne, and it is still under construction. Developed by Triple MMM Holdings and Merricks Capital, with LongRiver Group also named as a developer, and designed by Kennedy Nolan, it topped out in April 2024. In 2025 the hotel was sold to Ark Capital and Lead Global, and Ennismore brought its Hyde brand to it.

At a glance

Key facts

Building type
🏒 Commercial
Completed
2024
Height
β€”
Floors
15
Footprint
158 mΒ²
Architect
Kennedy Nolan
Builder
ADCO Constructions Unconfirmed We don't have data to 100% confirm this data point as yet.
Hotel rooms
191
Businesses
0
Car spaces
β€”
Planning zone
CCZ1
Permits on record
14

Score cards

πŸš† Transport8/10

Town Hall Station 4 min walk Β· 7 tram stops within 400 m

β˜• Everyday amenities7/10

170 cafΓ©s, 7 grocers, 13 medical within 250 m

🌳 Greenery6/10

58 street trees within 150 m Β· park 225 m away

✨ Activity10/10

10,969 people pass daily nearby Β· 104 licensed venues within 200 m

Calculated from PTV timetable stops, the City of Melbourne business census, street trees, pedestrian sensors and liquor licences.

The building team

The people and companies behind the design, construction and management of Melbourne Place.

πŸ—DeveloperLongRiver Groupsince 2017reportedsince 2017 Β· Early developerSource: Real Estate Source β†—
πŸ—DeveloperTriple MMM Holdings2019–2022verified2019-2022 Β· Developer that lodged a bigger hotel application in 2019Source: The Melburnian (CBD News article) β†—
πŸ—DeveloperMerricks Capital2022–2025verified2022-2025 Β· Took control of the stalled project in 2022 and delivered it through ADCOSource: The Urban Developer (event listing) β†—
πŸ‘·BuilderADCO Constructions2022–2024reported2022-2024 Β· Main contractorSource: ADCO Constructions β†—
🏦OwnerArk Capital Partners2025–verifiedCurrent Β· 2025- Β· Bought the hotel from Merricks Capital in 2025 as landlord, for a hospitality fundSource: The Hotel Conversation β†—
🏦Co-owner or investorLead Global2025–reportedCurrent Β· 2025- Β· Co-buyer with Ark Capital Partners of the hotelSource: The Hotel Conversation β†—
+Were you involved?Builders, architects, developers and managers can claim their role

Location & neighbourhood

Getting around

πŸš†Town Hall Station
Train station
4 min Β· 345 m
πŸš†Town Hall Railway Station
Train station
5 min Β· 436 m
πŸš‹Russell St/Bourke St #7
Tram stop
1 min Β· 63 m
πŸš‹Swanston St/Bourke St #6
Tram stop
2 min Β· 193 m
πŸš‹101 Collins St/Collins St #7
Tram stop
3 min Β· 203 m

Straight-line walking estimate. Source: PTV GTFS, CC BY 4.0.

Within a 3-minute walk

170β˜• CafΓ©s & eateries
7πŸ›’ Grocers
5πŸ‹οΈ Gyms
13🩺 Medical
8πŸ’Š Pharmacies
0🧸 Childcare
35🍷 Pubs & bars

Who lives in Melbourne (CBD)

Residents37,341
Median age26
Households renting70%
Households without a car75%
Walk to work40%
Public transport to work43%

ABS Census 2016 via City of Melbourne (CC BY).

Businesses in Melbourne Place

0 businesses recorded in the City of Melbourne's latest business census.

Looking for space in Melbourne Place?

We'll try to put you in touch with an agent, though we can't promise a reply.
Source: City of Melbourne Census of Land Use and Employment, CC BY 4.0.

Timeline

Everything that has happened at Melbourne Place: listings, news, works, planning and history.

5 May 2025πŸ“°
News
Ennismore brings Hyde brand to Melbourne Place hotel
Ennismore leased the Russell Street hotel for its first Australian Hyde property, which was relaunched as Hyde Melbourne Place. Real Estate Source reported that the hotel had opened the previous August, and Ennismore said it would officially open under the Hyde name on 2 May 2025.
Covered by 2 outlets
28 Jan 2025πŸ“°
News
Ark Capital and Lead Global buy Melbourne Place hotel from Merricks Capital
Ark Capital Partners and Lead Global, backed by Pioneer Wealth, completed the purchase of the Russell Street hotel from Merricks Capital, reportedly for about $150 million. The 15-level, 191-key hotel was reported to have opened in late 2024. The buyers planned a co-branded hospitality fund to hold it.
Covered by 2 outlets
2025πŸ› 
Works
3 building permits and 2 certificates Β· about $623k of new works
Largest: Retail Fit Out
2024πŸŽ‰
Milestone Β· Completed
Melbourne Place completed: 15 floors
Derived from City of Melbourne Development Activity Monitor
Oct 2024πŸ”‘
Milestone Β· First occupants
First occupancy permit issued
Derived from City of Melbourne building permits
9 Apr 2024πŸ“°
News
Melbourne Place hotel tops out
ADCO Constructions announced that the concrete structure of the Russell Street hotel had topped out. The company described the project as a two-level basement and fourteen-level luxury hotel with 183 guest rooms, 4 suites and 4 penthouses.
2024πŸ› 
Works
1 building permit and 4 certificates Β· about $5.2m of new works
Largest: Stage 2 - Basement and in-ground services and piling and retention system.
2023πŸ› 
Works
3 building permits
Largest: Stage 5: Architecture
6 Dec 2022πŸ“°
News
Partly built Russell Street hotel placed up for sale after developer defaults
Merricks Capital, the senior lender, placed developer Triple MMM Holdings into voluntary administration over payment defaults. The partly built 15-storey, 189-key hotel was valued at about $155 million once complete, and administrators received about 40 expressions of interest for the sale.
Covered by 2 outlets
2022πŸ”„
Use change
Council census records it as unoccupied - under construction, 1 floors
2022πŸ› 
Works
1 building permit
Largest: Stage 2 - Basement and in-ground services and piling and retention system.
By 2021βœ…
Milestone Β· Approved
Planning permit granted (exact date not recorded)
Derived from City of Melbourne Development Activity Monitor
Jul 2021πŸ—
Milestone Β· Construction started
First major construction permit issued
Derived from City of Melbourne building permits
28 May 2021πŸ“°
News
Longriver proposes bigger hotel at ex-Theosophical Society HQ
Longriver proposed a larger hotel on the Russell Street site, described as a $150m guesthouse with 190 rooms over 13 floors. The article said the approved Kennedy Nolan project was due for completion in 2023.
28 Jan 2021πŸ“°
News
Demolition of former Theosophical Society building prompts notice-rights dispute
The former Theosophical Society building was approved for demolition twice, and residents objected to demolition for a hotel. Residents said they had learned only late that the Capital City Zone gave them no public notice rights. The building was put forward for heritage protection in the Hoddle Grid Heritage Review.
2021πŸ› 
Works
1 building permit Β· about $70.4m of new works
Largest: Stage 1 - Demolition. Development of a mixed-use building
2020πŸ“
Milestone Β· Planning application
Planning application TP-2020-9 lodged
Derived from City of Melbourne Development Activity Monitor
2020πŸ”„
Use change
Council census records it as unoccupied - unused, 5 floors
Name recorded: Melbourne Theosophical Society
2011πŸ”„
Use change
Council census records it as office, 5 floors
Name recorded: Melbourne Theosophical Society
2002πŸ“‹
First census
First council census entry: office, 5 floors

Planning & heritage

Planning controls

ZoneCAPITAL CITY ZONE - SCHEDULE 1 (CCZ1)
DDO1Design and Development Overlay: limits on building height, setbacks and design
DDO2Design and Development Overlay: limits on building height, setbacks and design
DDO2-A5Design and Development Overlay: limits on building height, setbacks and design
PO1Parking Overlay: controls on how much car parking new development can provide

Vicmap Planning, Β© State of Victoria (Department of Transport and Planning), CC BY 4.0. Plain-English summaries are ours. Check the planning scheme for exact controls.

Subdivision & permits

Building permits on record
14
Estimated cost of works
About $76.3m
2021New works by year (estimated)2025

Costs are estimates declared on permits, not amounts spent. Stages of a project repeat its value, so we group them and count each project once. A value can cover a project spanning several buildings. Our calculation from City of Melbourne building permits, CC BY 4.0.

History of the site

How it's been recorded over time

2002Office Β· 5 floors
2011Office Β· 5 floors Β· "Melbourne Theosophical Society"
2020Unoccupied - Unused Β· 5 floors Β· "Melbourne Theosophical Society"
2022Unoccupied - Under Construction Β· 1 floors

City of Melbourne Census of Land Use and Employment, since 2002.

Community

What people say about Melbourne Place in public forums and groups, and reviews left here.

No public discussion found yet. Know a thread or group about Melbourne Place? .

Tenant reviews

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Frequently asked questions

Is Melbourne Place residential or commercial?

Melbourne Place is a commercial building.

When was Melbourne Place built?

Melbourne Place was completed in 2024.

How many floors does Melbourne Place have?

Melbourne Place has 15 floors above ground.

Does Melbourne Place have hotel or student accommodation?

The City of Melbourne records 191 hotel rooms at Melbourne Place.

What businesses are in Melbourne Place?

The latest council census counted 0 businesses in Melbourne Place.

Is there office or retail space for lease in Melbourne Place?

See the commercial listings on this page, or search this address on realcommercial.com.au and commercialrealestate.com.au.

Who designed and built Melbourne Place?

Merricks Capital developed Melbourne Place, Kennedy Nolan designed it and ADCO Constructions built it. The building team section has the sources.

What public transport is near Melbourne Place?

Town Hall Station is the nearest train station, about 4 minutes' walk. The nearest tram stop is Russell St/Bourke St #7, about 1 minute's walk.

What is the planning zone for Melbourne Place?

The site is in the Capital City Zone - Schedule 1 (CCZ1).

What was on the Melbourne Place site before?

The site was the former headquarters of the Melbourne Theosophical Society. In May 2021 LongRiver proposed a bigger hotel on the site.

Has any work been done on Melbourne Place recently?

The City of Melbourne has issued 14 building permits for Melbourne Place since 2021. The most recent was in October 2025.

Compare with nearby buildings

BuildingTypeDistanceFloorsCompleted
Melbourne PlaceCommercialβ€”152024
The CoromandelMixed use60 m162011
Uniting Church CentreCommercial66 m81967
QT MelbourneHotel73 m122015
Citadines Melbourne On BourkeHotel78 m252010

That's Built compiles information from public records, research and contributions. Details are checked against multiple sources where possible but may contain errors and aren't professional advice. Sources: City of Melbourne building permits (CC BY 4.0), CLUE building information (CC BY 4.0), Development Activity Monitor (CC BY 4.0), Geocoded National Address File (G-NAF) (Open G-NAF EULA (CC BY 4.0 based)). Street View and business details Β© Google Maps.

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