What stood here in 1888
🏒 CommercialEducational/ResearchCompleted 2023

Tivoli Arcade

235-251 Bourke Street, Melbourne VIC 3000

  • 63 m tall Β· #226 in Melbourne
  • 17 floors
  • 889 student beds planned
  • 1 businesses
  • 85 car spaces

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2 years standing

Built in 7 yrs 4 mths

  1. 1995Refurbished
  2. Sep 2016Construction started
  3. 2021Planning application
  4. 2024Completed
  5. TodayStill standing

58 building permits Β· 4 news storiesFull timeline ↓

About Tivoli Arcade

Tivoli Arcade is a 17-storey commercial building on Bourke Street, with a roof height of 62 m. It was completed in 2023, and Bates Smart McCutcheon was its architect. Futuro Capital led the refurbishment, with Fender Katsalidis and Bates Smart as architects.

At a glance

Key facts

Building type
🏒 Commercial
Completed
2023
Height
62 m Unconfirmed We don't have data to 100% confirm this data point as yet.
#226 of 1596 in Melbourne
Floors
17
Footprint
2,841 mΒ²
Architect
Bates, Smart and McCutcheon Unconfirmed We don't have data to 100% confirm this data point as yet.
Student beds (planned)
889
Businesses
1
Car spaces
85
Strata plan
PS331393 Β· 26 lots
Planning zone
CCZ2
Permits on record
58

Score cards

πŸš† Transport9/10

Town Hall Station 3 min walk Β· 10 tram stops within 400 m

β˜• Everyday amenities7/10

160 cafΓ©s, 14 grocers, 21 medical within 250 m

🌳 Greenery7/10

72 street trees within 150 m Β· park 56 m away

✨ Activity10/10

11,791 people pass daily nearby Β· 88 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 Tivoli Arcade.

πŸ—DeveloperFuturo Capital2022–2023verifiedRefurbishment Β· 2022-2023 Β· Lead for the $25 million revitalisation of the buildingSource: The Urban Developer β†—
πŸ“ArchitectFender Katsalidis2022–2023verifiedRefurbishment Β· 2022-2023 Β· Interior redevelopment of the ground floor, lobbies and amenitiesSource: Fender Katsalidis β†—
πŸ“ArchitectBates Smart2022–2023verifiedRefurbishment Β· 2022-2023 Β· Exterior of the building, designed in partnership with Fender KatsalidisSource: Build Australia β†—
🏦OwnerFuturo Capital2020–verifiedCurrent Β· 2020- Β· Owner of 235-251 Bourke Street including the Tivoli ArcadeSource: Real Estate Source β†—
🏦Co-owner or investorBaring Private Equity Asia2020–2021verifiedCurrent Β· 2020-2021 Β· Backed Futuro Capital's 2020-2021 purchase of the RMIT stakeSource: Real Estate Source β†—
🏦Co-owner or investorSLB Development2021verifiedCurrent Β· 2021 Β· Co-investor in the 2021 consolidation of 235-251 Bourke StreetSource: Mingtiandi β†—
+Were you involved?Builders, architects, developers and managers can claim their role

Location & neighbourhood

Getting around

πŸš†Town Hall Station
Train station
3 min Β· 257 m
πŸš†Town Hall Railway Station
Train station
5 min Β· 363 m
πŸš‹Swanston St/Bourke St #6
Tram stop
1 min Β· 56 m
πŸš‹Bourke Street Mall/Swanston St #10
Tram stop
1 min Β· 102 m
πŸš‹Melbourne Town Hall/Collins St #6
Tram stop
2 min Β· 199 m

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

Within a 3-minute walk

160β˜• CafΓ©s & eateries
14πŸ›’ Grocers
2πŸ‹οΈ Gyms
21🩺 Medical
13πŸ’Š Pharmacies
0🧸 Childcare
32🍷 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 Tivoli Arcade

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

RMIT

Higher Education

Looking for space in Tivoli Arcade?

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 Tivoli Arcade: listings, news, works, planning and history.

2026πŸ› 
Works
1 certificate Β· about $39k of new works
Largest: Lot 101 - Internal Tenancy Fit-out Works (Base-build Requirements)
1 May 2025πŸ“°
News
TK Maxx to open flagship store at 235 Bourke Street in former Tivoli Arcade space
Real Estate Source reported that discount retailer TK Maxx will open a flagship store on 16 October at Futuro Capital's 235 Bourke Street, in a space that includes the former Tivoli Arcade.
2025πŸ› 
Works
4 building permits and 4 certificates Β· about $118.4m of new works
Largest: Proposed Change of Use from Retail/Education to Student Accommodation - Stage One: Internal Demolition Works Only
2024πŸŽ‰
Milestone Β· Completed
Tivoli Arcade completed: 17 floors
Derived from The Urban Developer
Jan 2024πŸ”‘
Milestone Β· First occupants
First occupancy permit issued
Derived from City of Melbourne building permits
2024πŸ› 
Works
7 building permits and 3 certificates Β· about $14.7m of new works
Largest: Stage 5 - Level 1 (Part) and Level 3 (Plant)
2023πŸ› 
Works
1 building permit Β· about $21.9m of new works
Largest: Architectural, Interior design, services and structural foundation and strengthening excluding fire services (All works to the facade are to
2 Oct 2022πŸ“°
News
Futuro announces $25 million revitalisation of Tivoli Arcade and 235-251 Bourke Street with Fender Katsalidis and Bates Smart
Futuro Capital announced a $25 million revitalisation of the building, with Fender Katsalidis engaged for the interior redevelopment of the ground floor and Bates Smart working on the exterior. The articles said the works were slated for completion in 2023 and that Futuro had bought the arcade, shops and car park for $73 million the previous year.
Covered by 4 outlets
2022πŸ› 
Works
1 certificate Β· about $133k of new works
Largest: AMENDED TO Kiosk 2&3, 239 Bourke Street MELBOURNE VIC 3000 (Previously identified incorrectly as 235-251 Bourke Street MELBOURNE VIC 3000)
2021πŸ“
Milestone Β· Planning application
Planning application TP-2021-568 lodged
Derived from City of Melbourne Development Activity Monitor
27 Apr 2021πŸ“°
News
Futuro Capital and partners settle $133 million RMIT stake and $206 million consolidation of building
Futuro Capital settled on the purchase of RMIT University's stake in the Bourke Street building for about $133 million. Mingtiandi reported that Baring Private Equity Asia, SLB Development and Futuro Capital had unified 235-251 Bourke Street in a consolidation valued at $206 million.
Covered by 2 outlets
2021πŸ› 
Works
1 certificate Β· about $90k of new works
Largest: Level 10, RMIT Building 108 - Internal Fitout Alterations to Testing Room 006
Sep 2020πŸ“°
News
Futuro Capital reported in talks for 235-251 Bourke Street, including the Tivoli Arcade
Real Estate Source reported a speculated figure of about $210 million for Futuro Capital, backed by Baring Private Equity Asia, to acquire 235-251 Bourke Street. The article said RMIT University had offered its part of the building with a five-year leaseback, and that the ground-floor Tivoli Arcade was speculated to cost more than $80 million.
2020πŸ› 
Works
2 building permits and 1 certificate Β· about $5.7m of new works
Largest: RMIT Building 108 - Fit out on level 13
2019πŸ› 
Works
3 building permits Β· about $993k of new works
Largest: RMIT Building 108 - Refurbishment of office space on level 3
2018πŸ”„
Use change
Council census records it as educational/research, 17 floors
Name recorded: Tivoli Arcade
2018πŸ› 
Works
1 building permit and 5 certificates Β· about $5.1m of new works
Largest: Stage 1 - Partitions, doors and linings. - Level 12 - Fitout for Office accommodation
2017πŸ› 
Works
3 building permits and 3 certificates Β· about $3.9m of new works
Largest: Level 5 - fit out alterations
By 2016βœ…
Milestone Β· Approved
Planning permit granted (exact date not recorded)
Derived from City of Melbourne Development Activity Monitor
Sep 2016πŸ—
Milestone Β· Construction started
First major construction permit issued
Derived from City of Melbourne building permits
2016πŸ› 
Works
8 building permits and 4 certificates Β· about $5.0m of new works
Largest: Stage 3 - Refurbishment of Level 4 Offices and Student Cafe as per approved plans only
2015πŸ› 
Works
3 building permits and 1 certificate Β· about $1.0m of new works
Largest: Levels 6, 9 and 11: Decanting exercise utilising. Level 2: Installation of screen to escalator on .
2014πŸ”„
Use change
Council census records it as unoccupied - unused, 17 floors
Name recorded: Tivoli Arcade
2014πŸ› 
Works
1 building permit and 2 certificates Β· about $191k of new works
Largest: Alteration to Restaurant - Shop 18
2013πŸ› 
Works
1 certificate Β· about $120k of new works
Largest: New Restaurant Fitout excluding front facade works. Shop 19-20
2012πŸ”„
Use change
Council census records it as unoccupied - unused, 17 floors
Name recorded: Tivoli Court
2012πŸ› 
Works
1 building permit and 1 certificate Β· about $50k of new works
Largest: Alterations to Restaurant Shop 34 Stage 1
2011πŸ› 
Works
2 certificates Β· about $467k of new works
Largest: Alterations to shops 5, 6, 10 - Starbucks Coffee
2009πŸ”„
Use change
Council census records it as educational/research, 17 floors
Name recorded: Tivoli Court
2009πŸ› 
Works
1 certificate
Largest: Internal wall Patition Alterations to Rooms 57 & 71 RMIT Building 108 235 251 Bourke Street
2008πŸ› 
Works
2 building permits Β· about $1.0m of new works
Largest: Fitout alterations to level 11 RMIT Building 108 235-251 Bourke Street MELB
2007πŸ› 
Works
4 building permits and 1 certificate Β· about $390k of new works
Largest: Alterations to RMIT Building 108, Level 5 Library.
2006πŸ› 
Works
1 building permit and 1 certificate Β· about $115k of new works
Largest: Tenancy fitout of shop 3, Roger David Store @ Bourke Street Mall
2002πŸ› 
Works
1 building permit and 1 certificate Β· about $4k of new works
Largest: Building 108 (Trivoli Building) Level 17 & 18 - Alaterations to increase access for maintenance works.
2002πŸ“‹
First census
First council census entry: educational/research, 14 floors
2001πŸ› 
Works
4 building permits and 2 certificates Β· about $3.4m of new works
Largest: Stage 2 - Internal fitout of levels 3 & 4. Office and school/
2000πŸ› 
Works
3 building permits Β· about $49k of new works
Largest: lvl 5, RMIT bldg 108, alts to toilet/partition
1999πŸ› 
Works
1 building permit Β· about $4k of new works
Largest: Proposed kiosk
1998πŸ› 
Works
1 building permit and 2 certificates Β· about $180k of new works
Largest: Alterations to an existing building
1996πŸ› 
Works
2 building permits Β· about $20k of new works
Largest: Construction of new building Alteration to existing building ground floor mechanical electrical and sprinkler services and new signs and can
1995πŸ› 
Works
2 building permits Β· about $582k of new works
Largest: Alterations and additions Tivoli Lvl 3 Internal partitioning and external stairway at the south facade not inlcuding services.
1888πŸ—Ί
History
The site on Mahlstedt's fire insurance plans
See what stood here in 1888, further down this page.

Planning & heritage

Planning controls

ZoneCAPITAL CITY ZONE - SCHEDULE 2 (CCZ2)
DDO1Design and Development Overlay: limits on building height, setbacks and design
DDO2Design and Development Overlay: limits on building height, setbacks and design
DDO2-A1Design and Development Overlay: limits on building height, setbacks and design
PO2Parking 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

Plan of subdivision
PS331393
Lots on the plan
26
Owners corporation
Yes (common property)
Building permits on record
58
Estimated cost of works
About $183.6m
1995New works by year (estimated)2026

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

What stood here in 1888. Mahlstedt & Gee's fire insurance plans, sheet "Bourke Russell Collins Swanston". City of Melbourne (CC BY); originals at the State Library Victoria.

How it's been recorded over time

2002Educational/Research Β· 14 floors Β· "TIVOLI COURT - RMIT 108"
2009Educational/Research Β· 17 floors Β· "Tivoli Court"
2012Unoccupied - Unused Β· 17 floors Β· "Tivoli Court"
2014Unoccupied - Unused Β· 17 floors Β· "Tivoli Arcade"
2018Educational/Research Β· 17 floors Β· "Tivoli Arcade"

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

Community

What people say about Tivoli Arcade in public forums and groups, and reviews left here.

No public discussion found yet. Know a thread or group about Tivoli Arcade? .

Tenant reviews

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Frequently asked questions

Is Tivoli Arcade residential or commercial?

Tivoli Arcade is a commercial building. The City of Melbourne lists its main use as educational/research.

When was Tivoli Arcade built?

Tivoli Arcade was completed in 2023.

How many floors does Tivoli Arcade have?

Tivoli Arcade has 17 floors above ground.

Does Tivoli Arcade have hotel or student accommodation?

Plans for this address include 889 student beds.

What businesses are in Tivoli Arcade?

The latest council census counted 1 business in Tivoli Arcade, including RMIT.

Is there office or retail space for lease in Tivoli Arcade?

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

Who designed and built Tivoli Arcade?

Futuro Capital developed Tivoli Arcade and Bates Smart & McCutcheon designed it. The building team section has the sources.

How tall is Tivoli Arcade?

About 62 metres, measured from the City of Melbourne's 3D building model. It's number 226 of 1596 buildings in Melbourne by height.

What public transport is near Tivoli Arcade?

Town Hall Station is the nearest train station, about 3 minutes' walk. The nearest tram stop is Swanston St/Bourke St #6, about 1 minute's walk.

What is the planning zone for Tivoli Arcade?

The site is in the Capital City Zone - Schedule 2 (CCZ2).

Does Tivoli Arcade have an owners corporation?

Plan of subdivision PS331393 has 26 lots and common property, which means it is managed by an owners corporation.

Has any work been done on Tivoli Arcade recently?

The City of Melbourne has issued 58 building permits for Tivoli Arcade since 1995. The most recent was in October 2025.

Compare with nearby buildings

BuildingTypeDistanceFloorsCompleted
Tivoli ArcadeCommercialβ€”172023
Council House 2Commercial48 m102006
Royal Mail HouseCommercial41 m101960
Commonwealth Bank BuildingCommercial54 m111941

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), 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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