🏬 Mixed useResidential ApartmentCompleted 2023

Aspire Melbourne

295-309 King Street, Melbourne VIC 3000

  • 214 m tall Β· #17 in Melbourne
  • 65 floors
  • 530 homes
  • 1 businesses
  • 83 car spaces

What's available here Add a listing link

Looking toIn this buildingArea guideSearch the building
Buyβ€”Unit median $545,000
Rentβ€”1-bed median $560/wk
Lease spaceβ€”β€”

Area guides are suburb medians, not this building's prices. Each link opens a Google search limited to that site.

3 years standing

Built in 3 yrs 7 mths

  1. 2014Planning application
  2. Apr 2020Construction started
  3. By Nov 2023Completed
  4. TodayStill standing

11 building permits Β· 6 news storiesFull timeline ↓

About Aspire Melbourne

Aspire Melbourne is a 65-floor apartment tower on King Street with around 530 homes. Work began in 2020 and the building was completed in 2023. ICD Property and MaxCap Group developed it, Elenberg Fraser designed it and Hickory Group built it.

At a glance

Key facts

Building type
🏬 Mixed use
Completed
2023
Construction started
2020 Unconfirmed We don't have data to 100% confirm this data point as yet.
Height
211 m Unconfirmed We don't have data to 100% confirm this data point as yet. to the top
214 m Unconfirmed We don't have data to 100% confirm this data point as yet. to the roof
#17 of 1596 in Melbourne
Floors
65
Footprint
1,131 mΒ²
Homes
530 Unconfirmed We don't have data to 100% confirm this data point as yet.
Architect
Elenberg Fraser
Builder
Hickory
Businesses
1
Car spaces
83
Strata plan
PS827459 Β· 573 lots
Planning zone
CCZ1
Permits on record
11

Score cards

πŸš† Transport9/10

Flagstaff Station 2 min walk Β· 8 tram stops within 400 m

β˜• Everyday amenities6/10

83 cafΓ©s, 2 grocers, 3 medical within 250 m

🌳 Greenery7/10

66 street trees within 150 m Β· park 120 m away

✨ Activity8/10

4,410 people pass daily nearby Β· 40 licensed venues within 200 m

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

Apartments

1, 2 and 3+ bedroom apartments. The council's record lists 422 homes against the 530 counted here, so it may cover more than one building.

πŸš— 61 residential car spaces recorded at this property. 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 Aspire Melbourne.

πŸ“‹Project managerSinclair BrookreportedListed under 'Project Management' on the Hickory project pageSource: Hickory β†—
πŸ—DeveloperICD Property2019–2023verified2019-2023 Β· Lead developerSource: Hickory β†—
πŸ—DeveloperMaxCap Group2019–2023verified2019-2023 Β· Joint venture partner with ICD PropertySource: Building Connection β†—
πŸ“ArchitectElenberg Fraser2019–2023verified2019-2023 Β· Design architect for the built towerSource: Hickory β†—
πŸ‘·BuilderHickory2019–2023verified2019-2023 Β· Main contractorSource: Building Connection β†—
+Were you involved?Builders, architects, developers and managers can claim their role

Location & neighbourhood

Getting around

πŸš†Flagstaff Station
Train station
2 min Β· 175 m
πŸš†Flagstaff Railway Station
Train station
3 min Β· 216 m
πŸš‹King St/La Trobe St #2
Tram stop
1 min Β· 99 m
πŸš‹Spencer St/La Trobe St #1
Tram stop
1 min Β· 115 m
πŸš‹La Trobe St/Spencer St #119
Tram stop
3 min Β· 214 m

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

Within a 3-minute walk

83β˜• CafΓ©s & eateries
2πŸ›’ Grocers
0πŸ‹οΈ Gyms
3🩺 Medical
1πŸ’Š Pharmacies
0🧸 Childcare
6🍷 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).

Prices and rents around here

Suburb and area medians, not this building's prices.

Median unit price, Melbourne$545,0002025 Β· -5.5% in a yearTrend since 2015
Yearly rent against price7%A $735/wk 2-bedroom rent for a year, against the $545,000 median unit priceBefore costs. Our estimate from two suburb medians, not advice.

Prices: Victorian Property Sales Report, Β© State of Victoria (Department of Transport and Planning), CC BY 4.0.

Median weekly rents for new leases, CBD-St Kilda Rd

ApartmentMedian rentChange in a yearTrend since Mar 2016New 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 Aspire Melbourne

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

Aspire Melbourne

Accommodation

Looking for space in Aspire Melbourne?

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 Aspire Melbourne: listings, news, works, planning and history.

2025πŸ› 
Works
1 building permit Β· about $110k of new works
Largest: Tenancy R2 Internal alterations new sanitary facility
2024πŸ”„
Use change
Council census records it as residential apartment, 66 floors
Nov 2023πŸ“°
News
ICD Property completes Aspire Melbourne apartment tower
ICD Property and MaxCap Group completed the 208-metre Aspire Melbourne tower, which Hickory built. The article describes 565 apartments, sub-penthouses and penthouses.
By Nov 2023πŸŽ‰
Milestone Β· Completed
Aspire Melbourne completed: 65 floors
Derived from Apartments.com.au (Urban.com.au network)
Apr 2023πŸ“°
News
Aspire Melbourne tower described as 211 metres tall, with completion expected later in 2023
A pre-completion article described the 565-apartment tower as 211 metres tall and expected to be completed later in 2023. The developer was ICD Property and the architect Elenberg Fraser.
2023πŸ› 
Works
3 certificates Β· about $183.4m of new works
Largest: Stage 3: Architectural works and Services installation from Basement Level B4 to Level 7. Horizontal Structure from Level 10 to Level 50 &
May 2022πŸ”‘
Milestone Β· First occupants
First occupancy permit issued
Derived from City of Melbourne building permits
2022πŸ”„
Use change
Council census records it as unoccupied - under construction, 66 floors
2022πŸ› 
Works
2 building permits and 4 certificates
Largest: Stage 5: Architectural and structural level 9 pool area, Services Level 41-51 & Facade Level 51-Roof, Ground/Ground Mezz (inc GRC) & L9 pool
Jun 2021πŸ“°
News
Aspire Melbourne wins three awards at 2021 International Property Awards
The tower won awards at the 2021 International Property Awards, including Best Residential High-Rise Development in Australia and Best Residential High-Rise Architecture in Asia Pacific. The awards went to developer ICD Property and architect Elenberg Fraser.
2021πŸ”„
Use change
Council census records it as unoccupied - under construction, 1 floors
2021πŸ› 
Works
1 building permit
Largest: Stage 3: Architectural works and Services installation from Basement Level B4 to Level 7. Horizontal Structure from Level 10 to Level 50 &
By 2020βœ…
Milestone Β· Approved
Planning permit granted (exact date not recorded)
Derived from City of Melbourne Development Activity Monitor
May 2020πŸ“°
News
Construction commences on Aspire Melbourne
Construction began on the 65-storey tower designed by Elenberg Fraser, with Hickory appointed as builder and ICD Property developing the project in joint venture with MaxCap Group.
May 2020πŸ“°
News
Eight-week archaeological dig uncovers 19th-century girls' school ruins before construction
An archaeological dig triggered by excavation works for the Aspire Melbourne development uncovered the ruins of a six-room sandstone cottage used as a school for young ladies. The eight-week dig was reported as concluding in May 2020.
Covered by 2 outlets
Apr 2020πŸ—
Milestone Β· Construction started
First major construction permit issued
Derived from City of Melbourne building permits
2020πŸ› 
Works
1 building permit and 1 certificate Β· about $203.1m of new works
Largest: New Apartment Tower - Stage 1: Construction of Piling, Anchors and Capping Beam. Bulk Excavation, Foundation Piles and Footings and In-groun
Dec 2019πŸ“°
News
Hickory appointed to build the Aspire tower for ICD Property
Hickory was appointed as builder for the Aspire tower, its first project with ICD Property. The tower was described at the time as expected to be 211 metres tall with 594 apartments.
2019πŸ› 
Works
1 building permit Β· about $148k of new works
Largest: Demolition of a Two Storey Commercial Building
2017πŸ”„
Use change
Council census records it as unoccupied - unused, 4 floors
2014πŸ“
Milestone Β· Planning application
Planning application TPM-2014-44 lodged
Derived from City of Melbourne Development Activity Monitor
2010πŸ”„
Use change
Council census records it as public display area, 4 floors
2008πŸ› 
Works
1 building permit Β· about $122k of new works
Largest: Roof space storage & minor alterations to an existing building
2004πŸ”„
Use change
Council census records it as retail - shop, 4 floors
2003πŸ› 
Works
1 building permit
Largest: Refurbishment of exisiting educational/ office building to Koorie Trust Cultural Centre Redevelopment. Amended Building Permit: Minor Struct
2002πŸ› 
Works
1 building permit Β· about $3.0m of new works
Largest: Refurbishment of exisiting educational/ office building to Koorie Trust Cultural Centre Redevelopment.
2002πŸ“‹
First census
First council census entry: unoccupied - unused, 4 floors
2000πŸ› 
Works
1 building permit Β· about $15k of new works
Largest: First & Second Floor - Upgrade sanitay facilities & reinstate fire svc classes 5&6

Planning & heritage

Planning controls

ZoneCAPITAL CITY ZONE - SCHEDULE 1 (CCZ1)
DDO1Design and Development Overlay: limits on building height, setbacks and design
DDO10Design and Development Overlay: limits on building height, setbacks and design
DDO12Design 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

Plan of subdivision
PS827459
Lots on the plan
573
Owners corporation
Yes (common property)
Building permits on record
11
Estimated cost of works
About $389.9m
2000New 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

2002Unoccupied - Unused Β· 4 floors
2004Retail - Shop Β· 4 floors
2010Public Display Area Β· 4 floors
2017Unoccupied - Unused Β· 4 floors
2021Unoccupied - Under Construction Β· 1 floors
2022Unoccupied - Under Construction Β· 66 floors
2024Residential Apartment Β· 66 floors

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

Community

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

Summaries describe what's discussed; they aren't our view or a statement of fact, and we don't name posters. The discussions belong to their sites.

Resident & tenant reviews

No reviews of Aspire Melbourne 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.

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Frequently asked questions

Is Aspire Melbourne residential or commercial?

Aspire Melbourne mixes homes and businesses under one roof. The City of Melbourne lists its main use as residential apartment.

When was Aspire Melbourne built?

Aspire Melbourne was completed in 2023.

How many floors does Aspire Melbourne have?

Aspire Melbourne has 65 floors above ground.

How many apartments are in Aspire Melbourne?

Aspire Melbourne has 530 homes. The national address file lists 581 unit addresses here, and some of those can be shops or offices.

What size apartments are in Aspire Melbourne?

The City of Melbourne's development record lists 1 bed, 2 bed and 3+ bed apartments. The built numbers may differ a little.

Does Aspire Melbourne have parking?

The City of Melbourne records 61 residential car spaces at this property. Which apartments have a space isn't recorded, so check the listing.

What do apartments cost near Aspire Melbourne?

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 Aspire Melbourne?

The latest council census counted 1 business in Aspire Melbourne.

Are there apartments for sale or rent in Aspire Melbourne?

See the residential listings on this page, or use the shortcuts to search 295-309 King Street on realestate.com.au and Domain.

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

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

Who designed and built Aspire Melbourne?

MaxCap Group developed Aspire Melbourne, Elenberg Fraser designed it and Hickory built it. The building team section has the sources.

How tall is Aspire Melbourne?

About 214 metres, measured from the City of Melbourne's 3D building model. It's number 17 of 1596 buildings in Melbourne by height.

What public transport is near Aspire Melbourne?

Flagstaff Station is the nearest train station, about 2 minutes' walk. The nearest tram stop is King St/La Trobe St #2, about 1 minute's walk.

What is the planning zone for Aspire Melbourne?

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

Does Aspire Melbourne have an owners corporation?

Plan of subdivision PS827459 has 573 lots and common property, which means it is managed by an owners corporation.

Has any work been done on Aspire Melbourne recently?

The City of Melbourne has issued 11 building permits for Aspire Melbourne since 2000. The most recent was in October 2025.

Compare with nearby buildings

BuildingTypeDistanceFloorsCompleted
Aspire MelbourneMixed useβ€”652023
Australis ApartmentsMixed use51 m462016
Dockside TowerMixed use66 m262000
Concorde HotelCommercial79 m111990
Melbourne OneMixed use95 m492015
Lonsdale CourtCommercial99 m40β€”

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), 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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