| Planning application | 2011 | Planning application TPM-2011-24 lodged |
| Approved | By 2018 | Planning permit granted (exact date not recorded) |
| Construction started | Jun 2018 | First major construction permit issued |
| First occupants | Feb 2021 | First occupancy permit issued |
| Completed | By Jun 2021 | Paragon completed: 48 floors |
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.
| 28 Feb 2023 | Level 4 - construction to office fitout | $400k |
| 26 Feb 2021 | Stage 10 Architectural shell: basement 02 to level 04, Building services (excluding fire) basement 02 to level 04, Facade level 01 to level 16 | $109.1m |
| 26 Feb 2021 | Stage 13 - Floor Slabs Level 26 to 33 | $109.1m |
| 26 Feb 2021 | Stage 14 - Remainder of Architectural Works | $109.1m |
| 26 Feb 2021 | Stage 15 - level 25 pt slab | $109.1m |
| 26 Feb 2021 | Stage 16 - Remainder of Facade Works | $109.1m |
| 26 Feb 2021 | Stage 18 - Remainder of structural works. | $109.1m |
| 26 Feb 2021 | Stage 19 - Levels 48 and 49 suspended slabs, fire pump room structural steel and damper tanks. | $109.1m |
| 26 Feb 2021 | Stage 20 - Final. Remainder of works and miscellaneous updates | $109.1m |
| 26 Feb 2021 | Stage 3 - retention and foundation piling and capping beams | $109.1m |
| 26 Feb 2021 | Stage 4 - excavation of basement and basement raft slab | $109.1m |
| 26 Feb 2021 | Stage 5 - Slab on Ground and In Ground Civil Services | $109.1m |
| 26 Feb 2021 | Stage 5 - variation to pile design | $109 |
| 26 Feb 2021 | Stage 8 - Levels 2 to 5 Slabs and remaining levels core walls, columns and stairs | $109.1m |
| 26 Feb 2021 | Variation to Protection Works | $109.1m |
| 16 Mar 2020 | Stage 17 - Level 34 to 44 PT Slabs | $109.1m |
| 15 Nov 2019 | Stage 12 - Remainder of Services Works | $109.1m |
| 20 Sept 2019 | Stage 11- Floor Slabs- Levels 8-24 | $109.1m |
| 27 June 2019 | Stage 9 - Level 6 & 7 Floor Slabs, Structural Steelwork and Blockwork | $109.1m |
| 29 Mar 2019 | Stage 7 - Basement level 1, Basement Mezzanine and Level 1 Slabs - Conditional | $109.1m |
| 01 Mar 2019 | Stage 6 - Insitu columns and core walls up to and including level 7 and insitu stairs up to and including level 4 | $109.1m |
| 20 Dec 2018 | Stage 5 - Slab on Ground and In Ground Civil Services | $109.1m |
| 04 Oct 2018 | Stage 2 - Foundation Piling | $109.1m |
| 29 June 2018 | Stage 1: Demolition works excluding heritage Facade - New Building (Paragon) | $109.1m |
| 27 Mar 2012 | Fire service alterations | $28k |
| 03 Sept 2007 | Alterations-New outdoor terrace smoking area-Ground floor | $111k |
| 24 Dec 2003 | Construction of new toilet facilites & facade works | $80k |
| 01 May 2003 | Internal alteration to Celtic Club | $90k |
Is Paragon residential or commercial?
Paragon is a residential building. The City of Melbourne lists its main use as residential apartment.
When was Paragon built?
Paragon was completed in 2021.
How many floors does Paragon have?
Paragon has 48 floors above ground.
How many apartments are in Paragon?
Paragon has 227 homes. The national address file lists 229 unit addresses here, and some of those can be shops or offices.
What size apartments are in Paragon?
The City of Melbourne's development record lists 33 1 bed, 170 2 bed and 24 3+ bed apartments. The built numbers may differ a little.
Does Paragon have parking?
The City of Melbourne records 20 residential car spaces at this property. Which apartments have a space isn't recorded, so check the listing.
What do apartments cost near Paragon?
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.
Are there apartments for sale or rent in Paragon?
See the residential listings on this page, or use the shortcuts to search 318 Queen Street on realestate.com.au and Domain.
Who designed and built Paragon?
Beulah International developed Paragon, Fender Katsalidis designed it and Multiplex built it. The building team section has the sources.
How tall is Paragon?
About 166 metres, measured from the City of Melbourne's 3D building model. It's number 40 of 1596 buildings in Melbourne by height.
What public transport is near Paragon?
Melbourne Central Station is the nearest train station, about 4 minutes' walk. The nearest tram stop is Melbourne Central Station/La Trobe St #5, about 2 minutes' walk.
What is the planning zone for Paragon?
The site is in the Capital City Zone - Schedule 1 (CCZ1).
Does Paragon have an owners corporation?
Plan of subdivision PS637192 has 228 lots.
Have any parts of the Paragon site been sold?
Yes. In February 2026, office levels at the former Celtic Club site, the Paragon base, were sold.
Has any work been done on Paragon recently?
The City of Melbourne has issued 14 building permits for Paragon since 2003. The most recent was in February 2023.
Sources: City of Melbourne building permits (CC BY 4.0); CLUE building information (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)). General information from public records, not legal, financial or building advice.
