Park Tower
199-207 Spring Street, Melbourne VIC 3000
- 57 m tall · #251 in Melbourne
- 18 floors
- 76 homes
- 4 businesses
- 58 car spaces
What's available here Add a listing link
| Looking to | In this building | Area guide | Search the building |
|---|---|---|---|
| Buy | — | Unit median $545,000 | realestate.com.au ↗domain.com.au ↗ |
| Rent | — | 1-bed median $560/wk | realestate.com.au ↗domain.com.au ↗ |
| Lease space | — | — | realcommercial.com.au ↗commercialrealestate.com.au ↗ |
Area guides are suburb medians, not this building's prices. Each link opens a Google search limited to that site.
57 years standing
- 1969Completed
- 2000Refurbished
- TodayStill standing
15 building permitsFull timeline ↓
About Park Tower
Park Tower is a mixed-use building with 18 floors above ground, 76 homes and a roof 57 m high. Completed in 1969, it is covered by a heritage overlay.
At a glance
Key facts
- Building type
- 🏬 Mixed use
- Completed
- 1969 Unconfirmed ?We don't have data to 100% confirm this data point as yet.
- Height
- 57 m Unconfirmed ?We don't have data to 100% confirm this data point as yet.
#251 of 1596 in Melbourne - Floors
- 18 Unconfirmed ?We don't have data to 100% confirm this data point as yet.
- Footprint
- 591 m²
- Homes
- 76 Unconfirmed ?We don't have data to 100% confirm this data point as yet.
- Businesses
- 4
- Car spaces
- 58
- Strata plan
- RP1578 · 138 lots
- Planning zone
- CCZ1
- Permits on record
- 15
Score cards
Parliament Station 1 min walk · 12 tram stops within 400 m
79 cafés, 3 grocers, 4 medical within 250 m
125 street trees within 150 m · park 36 m away
5,835 people pass daily nearby · 51 licensed venues within 200 m
Calculated from PTV timetable stops, the City of Melbourne business census, street trees, pedestrian sensors and liquor licences.
Apartments
The council hasn't recorded a bedroom breakdown for Park Tower.
🚗 58 residential car spaces recorded at this property, about 0.8 per home. Which apartments have a space isn't recorded, so check the listing.
City of Melbourne Development Activity Monitor and off-street car parks, CC BY 4.0.
The building team
The people and companies behind the design, construction and management of Park Tower.
Location & neighbourhood
Getting around
Train station1 min · 117 m
Train station2 min · 164 m
Tram stop1 min · 92 m
Tram stop2 min · 156 m
Tram stop2 min · 181 m
Straight-line walking estimate. Source: PTV GTFS, CC BY 4.0.
Within a 3-minute walk
Who lives in Melbourne (CBD)
ABS Census 2016 via City of Melbourne (CC BY).
Being built nearby
No major projects in the pipeline within 600 m.
Prices and rents around here
Suburb and area medians, not this building's prices.
Prices: Victorian Property Sales Report, © State of Victoria (Department of Transport and Planning), CC BY 4.0.
Median weekly rents for new leases, CBD-St Kilda Rd
| Apartment | Median rent | Change in a year | Trend since Mar 2016 | New leases |
|---|---|---|---|---|
| 1 bedroom | $560/wk | +1.8% | 6,274 in the year to Sep 2025 | |
| 2 bedroom | $735/wk | +2.1% | 6,605 in the year to Sep 2025 | |
| 3 bedroom | $1050/wk | -4.5% | 737 in the year to Sep 2025 |
Source: Homes Victoria Rental Report, CC BY 4.0. Area medians, not this building's rents.
Businesses in Park Tower
4 businesses recorded in the City of Melbourne's latest business census.
Alpha Barbers
Gillott Espresso
Heartbaker Bun Mee @Spring
TRIBECA PROPERTY MANAGEMENT PTY. LTD.
Looking for space in Park Tower?
Timeline
Everything that has happened at Park Tower: listings, news, works, planning and history.
Planning & heritage
Planning controls
DDO1Design and Development Overlay: limits on building height, setbacks and designDDO62Design and Development Overlay: limits on building height, setbacks and designDDO62-B5Design and Development Overlay: limits on building height, setbacks and designHO1263Heritage Overlay: a permit is needed to demolish or change the outside of heritage placesPO1Parking Overlay: controls on how much car parking new development can provideVicmap Planning, © 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
- Plan of subdivision
- RP1578
- Lots on the plan
- 138
- Owners corporation
- Yes (common property)
- Building permits on record
- 15
- Estimated cost of works
- About $3.8m
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
City of Melbourne Census of Land Use and Employment, since 2002.
Community
What people say about Park Tower in public forums and groups, and reviews left here.
Resident & tenant reviews
No reviews of Park Tower yet. Be the first to tell future neighbours what it's like.
Reviews are checked before they're published. No one is named without permission.
Rate and review Park Tower
Frequently asked questions
Is Park Tower residential or commercial?
Park Tower mixes homes and businesses under one roof. The City of Melbourne lists its main use as residential apartment.
When was Park Tower built?
Park Tower was completed in 1969.
How many floors does Park Tower have?
Park Tower has 18 floors above ground.
How many apartments are in Park Tower?
Park Tower has 76 homes. The national address file lists 100 unit addresses here, and some of those can be shops or offices.
Does Park Tower have parking?
The City of Melbourne records 58 residential car spaces at this property. Which apartments have a space isn't recorded, so check the listing.
What do apartments cost near Park Tower?
The median unit price in Melbourne was $545,000 in 2025, from the Victorian Property Sales Report. That's for the whole suburb, not this building.
What businesses are in Park Tower?
The latest council census counted 4 businesses in Park Tower, including Alpha Barbers, Gillott Espresso and Heartbaker Bun Mee @Spring.
Are there apartments for sale or rent in Park Tower?
See the residential listings on this page, or use the shortcuts to search 199-207 Spring Street on realestate.com.au and Domain.
Is there office or retail space for lease in Park Tower?
See the commercial listings on this page, or search this address on realcommercial.com.au and commercialrealestate.com.au.
Who built Park Tower?
The building team section lists who's known so far. Builders, architects and developers can claim their role on this page.
How tall is Park Tower?
About 57 metres, measured from the City of Melbourne's 3D building model. It's number 251 of 1596 buildings in Melbourne by height.
What public transport is near Park Tower?
Parliament Station is the nearest train station, about 1 minute's walk. The nearest tram stop is Albert St/Nicholson St #10, about 1 minute's walk.
What is the planning zone for Park Tower?
The site is in the Capital City Zone - Schedule 1 (CCZ1). It's also under a Heritage Overlay (HO1263).
Does Park Tower have an owners corporation?
Plan of subdivision RP1578 has 138 lots and common property, which means it is managed by an owners corporation.
Has any work been done on Park Tower recently?
The City of Melbourne has issued 15 building permits for Park Tower since 1999. The most recent was in September 2025.
Compare with nearby buildings
| Building | Type | Distance | Floors | Completed |
|---|---|---|---|---|
| Park Tower | Mixed use | — | 18 | 1969 |
| Oaks on Lonsdale | Hotel | 65 m | 30 | 2006 |
| Unilodge on Lonsdale | Mixed use | 82 m | 22 | 2003 |
| 16 Liverpool Street | Mixed use | 113 m | 12 | 2005 |
| Casselden | Commercial | 124 m | 41 | 1992 |
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), CLUE business establishments (CC BY 4.0), CLUE residential dwellings (CC BY 4.0), Geocoded National Address File (G-NAF) (Open G-NAF EULA (CC BY 4.0 based)). Street View and business details © Google Maps.