← Back to Tivoli Arcade
That's Built · Building report

Tivoli Arcade

235-251 Bourke Street, Melbourne VIC 3000
Generated 8 November 2026
Commercial · Educational/Research
63 mheight
17floors
2023completed
1businesses
58permits

Development milestones

Planning application2021Planning application TP-2021-568 lodged
ApprovedBy 2016Planning permit granted (exact date not recorded)
Construction startedSep 2016First major construction permit issued
First occupantsJan 2024First occupancy permit issued
Completed2024Tivoli Arcade completed: 17 floors

Building team

Architect
Bates Smart & McCutcheon
Developer
Futuro Capital
Architect
Fender Katsalidis
Architect
Bates Smart
Owner
Futuro Capital
Co-owner or investor
Baring Private Equity Asia
Co-owner or investor
SLB Development

Planning & subdivision

Zone
CCZ2
Overlays
DDO1, DDO2, DDO2-A1, PO2
Strata plan
PS331393 · 26 lots
Scores
🚆 9 · ☕ 7 · 🌳 7 · ✨ 10

Timeline

20261 certificate · about $39k of new works
Largest: Lot 101 - Internal Tenancy Fit-out Works (Base-build Requirements)
1 May 2025TK 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.
20254 building permits and 4 certificates · about $118.4m of new works
Largest: Proposed Change of Use from Retail/Education to Student Accommodation - Stage One: Internal Demolition Works Only
2024Tivoli Arcade completed: 17 floors
Derived from The Urban Developer
Jan 2024First occupancy permit issued
Derived from City of Melbourne building permits
20247 building permits and 3 certificates · about $14.7m of new works
Largest: Stage 5 - Level 1 (Part) and Level 3 (Plant)
20231 building permit · 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 2022Futuro 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.
20221 certificate · 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)
2021Planning application TP-2021-568 lodged
Derived from City of Melbourne Development Activity Monitor
27 Apr 2021Futuro 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.
20211 certificate · about $90k of new works
Largest: Level 10, RMIT Building 108 - Internal Fitout Alterations to Testing Room 006
Sep 2020Futuro 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.
20202 building permits and 1 certificate · about $5.7m of new works
Largest: RMIT Building 108 - Fit out on level 13
20193 building permits · about $993k of new works
Largest: RMIT Building 108 - Refurbishment of office space on level 3
2018Council census records it as educational/research, 17 floors
Name recorded: Tivoli Arcade
20181 building permit and 5 certificates · about $5.1m of new works
Largest: Stage 1 - Partitions, doors and linings. - Level 12 - Fitout for Office accommodation
20173 building permits and 3 certificates · about $3.9m of new works
Largest: Level 5 - fit out alterations
By 2016Planning permit granted (exact date not recorded)
Derived from City of Melbourne Development Activity Monitor
Sep 2016First major construction permit issued
Derived from City of Melbourne building permits
20168 building permits and 4 certificates · about $5.0m of new works
Largest: Stage 3 - Refurbishment of Level 4 Offices and Student Cafe as per approved plans only
20153 building permits and 1 certificate · about $1.0m of new works
Largest: Levels 6, 9 and 11: Decanting exercise utilising. Level 2: Installation of screen to escalator on .
2014Council census records it as unoccupied - unused, 17 floors
Name recorded: Tivoli Arcade
20141 building permit and 2 certificates · about $191k of new works
Largest: Alteration to Restaurant - Shop 18
20131 certificate · about $120k of new works
Largest: New Restaurant Fitout excluding front facade works. Shop 19-20
2012Council census records it as unoccupied - unused, 17 floors
Name recorded: Tivoli Court
20121 building permit and 1 certificate · about $50k of new works
Largest: Alterations to Restaurant Shop 34 Stage 1
20112 certificates · about $467k of new works
Largest: Alterations to shops 5, 6, 10 - Starbucks Coffee
2009Council census records it as educational/research, 17 floors
Name recorded: Tivoli Court
20091 certificate
Largest: Internal wall Patition Alterations to Rooms 57 & 71 RMIT Building 108 235 251 Bourke Street
20082 building permits · about $1.0m of new works
Largest: Fitout alterations to level 11 RMIT Building 108 235-251 Bourke Street MELB
20074 building permits and 1 certificate · about $390k of new works
Largest: Alterations to RMIT Building 108, Level 5 Library.
20061 building permit and 1 certificate · about $115k of new works
Largest: Tenancy fitout of shop 3, Roger David Store @ Bourke Street Mall
20021 building permit and 1 certificate · about $4k of new works
Largest: Building 108 (Trivoli Building) Level 17 & 18 - Alaterations to increase access for maintenance works.
2002First council census entry: educational/research, 14 floors
20014 building permits and 2 certificates · about $3.4m of new works
Largest: Stage 2 - Internal fitout of levels 3 & 4. Office and school/
20003 building permits · about $49k of new works
Largest: lvl 5, RMIT bldg 108, alts to toilet/partition
19991 building permit · about $4k of new works
Largest: Proposed kiosk
19981 building permit and 2 certificates · about $180k of new works
Largest: Alterations to an existing building
19962 building permits · 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
19952 building permits · about $582k of new works
Largest: Alterations and additions Tivoli Lvl 3 Internal partitioning and external stairway at the south facade not inlcuding services.
1888The site on Mahlstedt's fire insurance plans
See what stood here in 1888, further down this page.

Building permits and certificates (93)

Each cost is the estimate on that record. Stages of a project often repeat its full value, so these don't add up to what was spent.

09 Feb 2026Lot 101 - Internal Tenancy Fit-out Works (Base-build Requirements)$39k
18 Dec 2025Proposed Soft Strip of Existing Building$4.9m
30 Oct 2025Proposed Change of Use from Retail/Education to Student Accommodation - Stage One: Internal Demolition Works Only$105.7m
28 Aug 2025235 Bourke St - Alteration - Combined Tenancies and Construct Escalators and Lifts$3.5m
28 Aug 2025Stage 4 - Balance of Works (Including Amendment to Structure$3.5m
16 May 2025Fitout of Ho Jiak restaurant, balance of works excluding all external works$13.0m
15 May 2025Proposed alterations to existing shop$1.5m
17 Apr 2025Stage 3 - Internal Architectural, Electrical, Hydraulic, Fire Excluding Facade$2.8m
12 Mar 2025Stage 2 - Internal Structure and Mechanical Services - Conditional$3.5m
02 Dec 2024Tenancy 1.02 - Stage 2 - Completion of fitout works$500k
26 July 2024T07 - Proposed Alterations to Existing Retail Tenancy$429k
23 July 2024Tenancy 1.02 - Stage 1 - Fitout works excluding toilets and all services$500k
22 July 2024Stage 4: Facade$21.0m
24 June 2024Fitout of Ho Jiak restaurant, balance of works excluding all external works$13.0m
13 June 2024Stage 5 - Level 1 (Part) and Level 3 (Plant)$21.9m
06 June 2024PROPOSED ALTERATIONS TO EXISTING RETAIL TENANCY 04$300k
28 Mar 2024Stage 4: Facade$21.0m
22 Mar 2024Stage 3: Fire Services and additional Structural works$21.0m
15 Jan 2024Stage 2: Structural Design$20.6m
03 May 2023Architectural, Interior design, services and structural foundation and strengthening excluding fire services (All works to the facade are to form part of a separate building permit).$20.6m
16 Aug 2022AMENDED TO Kiosk 2&3, 239 Bourke Street MELBOURNE VIC 3000 (Previously identified incorrectly as 235-251 Bourke Street MELBOURNE VIC 3000)$133k
16 Feb 2021Level 10, RMIT Building 108 - Internal Fitout Alterations to Testing Room 006$90k
11 Dec 2020RMIT Building 108 - Fit out on level 13$5.7m
18 Mar 2020Stage 3: Fitout alterations (balance of works)$5.7m
02 Mar 2020RMIT Building 108 - Stage 2 - Level 14 internal demolition$5.7m
04 June 2019RMIT Building 108 - Refurbishment of office space on level 3$673k
08 May 2019Ground Level - Tivoli Alteration$29k
01 Apr 2019Building 108 - RMIT Facade Tender$291k
31 July 2018Level 12 and 13 - Internal partition demolition$235k
31 July 2018RMIT Building 108 - Minor Alterations to Levels 6, 7, 8, 9 & 10$1.1m
06 July 2018Stage 1 - Partitions, doors and linings. - Level 12 - Fitout for Office accommodation$3.8m
06 July 2018Stage 3 - Balance of works$3.8m
19 Mar 2018Stage 2 - Fire services$3.8m
12 Feb 2018Level 5 - fit out alterations$3.5m
05 Dec 2017Level 4 - Alterations to of a lift lobby$23k
23 Oct 2017Shop 33 - Alteration to existing tenancy (takeaway)$30k
28 Sept 2017RMIT Building 108 Level 8 - Fit out alterations to classrooms$223k
08 Sept 2017Level 5 - fit out alterations$3.5m
25 July 2017Level 5 - Internal Alterations$152k
15 June 2017Shop No. S4 & 7, Tenancy fitout$50k
19 Dec 2016Stage 3 - Refurbishment of Level 4 Offices and Student Cafe as per approved plans only$4.7m
01 Dec 2016Stage 5 - Refurbishment of Level 3 Student spaces as per approved plans only.$3.8m
16 Nov 2016Stage 4 - Internal demolition works to level 3 as per approved plans only$4.7m
17 Oct 2016Stage 2 - Refurbishment of Level 3 & 4 Amenities and Level 4 Common Area [Corridors] as per approved plans only - Building 108$4.7m
29 Sept 2016Stage 1 - Alterations to an existing building - Level 7 and 8 only, as per approved plans - Building 108$4.7m
28 Sept 2016(Level 4, Eastern Area of South BLDG) Building 108, Level 4 - Fitout alterations to Level 4 ‘RMIT Online’ as per approved plans only$871
15 Sept 2016Level 4, Building 108 - Proposed partial demolition - internal$80k
05 Aug 2016Alterations - Relocation of an exit door adjacent Rainbow Alley - 235-251 Bourke Street, Melbourne$10k
14 July 2016Shop 3, Construction of an internal shop fitout$125k
14 July 2016Stage 2 - Shopfront Works Only$25k
06 July 2016Stage 2 - Shopfront Works Only$25k
13 Feb 2016Shop 24, Tivoli Arcade - Internal alterations to an existing restaurant$160k
18 Dec 2015Tivoli Arcade - Mechanical Exhaust Upgrade$127k
24 Sept 2015RMIT Building 108 - Upgrade of exit door hardware to all levels$101k
31 July 2015Levels 6, 9 and 11: Decanting exercise utilising. Level 2: Installation of screen to escalator on .$788k
29 June 2015Tenancy fitout of shop - Genkek Shoes$120k
07 Apr 2014Trivoli Arcade Alterations$60k
17 Jan 2014Shop 34 - Alterations to shop front$51k
14 Jan 2014Alteration to Restaurant - Shop 18$80k
08 Mar 2013New Restaurant Fitout excluding front facade works. Shop 19-20$120k
16 Mar 2012Alterations to Restaurant Shop 34 Stage 1$50k
24 Feb 2012Stage 2: External - signage and glazing to completion. Alterations to Restaurant$20k
07 Dec 2011Alterations to shops 5, 6, 10 - Starbucks Coffee$335k
01 Sept 2011Tenancy fitout Shops 1-2, 28-29$132k
01 May 2009Internal wall Patition Alterations to Rooms 57 & 71 RMIT Building 108 235 251 Bourke Street$45
18 Nov 2008Fitout alterations to level 11 RMIT Building 108 235-251 Bourke Street MELB$959k
20 Oct 2008Variation: Variation 1 - Variation to partition wall layout$45k
26 Oct 2007Construction of alterations to existing Priceline Shop.$100k
17 Oct 2007Partitions and alterations on Level 4 Building 108$30k
10 Sept 2007Alterations to Fire Extinguisher Building 108-112$5k
26 Mar 2007Internal Fitout Shop 34 (Vitamin Me)$5k
02 Mar 2007Alterations to RMIT Building 108, Level 5 Library.$250k
28 Mar 2006Hydrant Hose removal 17 levels, RMIT Building 108 - Tivoli Building$100
06 Mar 2006Tenancy fitout of shop 3, Roger David Store @ Bourke Street Mall$115k
04 Dec 2002Air conditioning maintenance & upgrade works. Roof & Lift room. RMIT Building 108, 235 - 251 Bourke Street$4k
15 May 2002Building 108 (Trivoli Building) Level 17 & 18 - Alaterations to increase access for maintenance works.$100k
25 Oct 2001Internal alterations to school - levels 12, 15 & 16.$506k
10 Oct 2001Internal Alterations to school - level 14 RMIT Building 108$214k
27 Sept 2001Stage 2 - Internal fitout of levels 3 & 4. Office and school/$1.7m
19 Sept 2001partitioning alts to Tivoli Centre lvls 11,13 & 17 at RMIT bldg 108 bca 9b &5$924k
03 Sept 2001level 10 bldg 108 RMIT, internal alterations to office$100k
20 Aug 2001stage 1, demolition of levels 3 & 4 (office and school) RMIT building 108 Tivoli$139k
24 Nov 2000L4office partitions RMIT bldg 108$18k
21 Mar 2000glazing works shops 25&26 Tivoli Arcade$11k
21 Feb 2000lvl 5, RMIT bldg 108, alts to toilet/partition$20k
08 Sept 1999Proposed kiosk$5k
11 Nov 1998stage 1 Additions to a building - 235-251 Bourke St, Melbourne$10k
27 July 1998Partitions to RMIT Building 108 level 11 room 46$10k
03 Apr 1998Alterations to an existing building$170k
23 July 1996Alterations to existing building$20k
05 Jan 1996Construction of new building Alteration to existing building ground floor mechanical electrical and sprinkler services and new signs and canopy$300k
25 Sept 1995Retail fitout alterations shop 21-24 Tivoli Arcade$182k
07 Sept 1995Alterations and additions Tivoli Lvl 3 Internal partitioning and external stairway at the south facade not inlcuding services.$400k

Questions and answers

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.

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)). General information from public records, not legal, financial or building advice.

Suggest a correction

Something wrong or missing? Tell us what it should say. We check every suggestion before changing anything.

By sending, you agree to the contributor terms. See how we handle your details in the privacy policy.