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That's Built · Building report

MIT House

386-392 Lonsdale Street, Melbourne VIC 3000
Generated 8 November 2026
Hotel · Commercial Accommodation
69 mheight
19floors
2020completed
0businesses
24permits

Development milestones

Planning application2014Planning application TP-2014-370/A lodged
ApprovedBy 2016Planning permit granted (exact date not recorded)
Construction startedApr 2016First major construction permit issued
First occupantsJul 2020First occupancy permit issued
Completed2020MIT House completed: 19 floors

Building team

Developer
Aurumstone Group
Architect
Urban Design Architects
Builder
Verve Construction
Owner
Brady Group

Planning & subdivision

Zone
CCZ1
Overlays
DDO1, DDO10, PO1
Strata plan
PS729180 · 150 lots
Scores
🚆 8 · ☕ 7 · 🌳 6 · ✨ 10

Timeline

20252 certificates · about $220k of new works
Largest: Proposed Internal Fit-Out to Class 9B Building (Basement)
20242 certificates · about $300k of new works
Largest: Stage 1 - Level 13-16 - Internal alteration to DDA room
20234 building permits · about $3.0m of new works
Largest: Stage 2 - Basement and ground floor internal works
2022Council census records it as commercial accommodation, 20 floors
Name recorded: MIT House
27 Oct 2021Brady Group buys 388 Lonsdale Street for reported $80 million, plans hotel conversion
Brady Group reportedly bought the 147-apartment tower at 388 Lonsdale Street from developer Aurumstone Group for about $80 million, according to sources. The buyer planned to convert the building to serviced apartments or a hotel; the price was not officially disclosed.
20211 building permit · about $269k of new works
Largest: Level 1- Alterations to existing building
2020MIT House completed: 19 floors
Derived from City of Melbourne
Jul 2020First occupancy permit issued
Derived from City of Melbourne building permits
20204 certificates
Largest: Stage 4 - Fire Services
2018Council census records it as unoccupied - under renovation, 19 floors
Name recorded: MIT House
20171 building permit · about $30.5m of new works
Largest: Stage 4 - Fire Services
By 2016Planning permit granted (exact date not recorded)
Derived from City of Melbourne Development Activity Monitor
Apr 2016First major construction permit issued
Derived from City of Melbourne building permits
2016Council census records it as unoccupied - under construction, 13 floors
Name recorded: MIT House
20162 building permits · about $55.5m of new works
Largest: Residential Development - Stage 1 - Part Demolition - non structural works only
20151 building permit · about $102k of new works
Largest: Fitout of Display Suite
2014Planning application TP-2014-370/A lodged
Derived from City of Melbourne Development Activity Monitor
20132 building permits · about $285k of new works
Largest: Ground Floor - Internal fit out - completion of works (excluding repair works to the mechanical system and the toilets)
20123 building permits · about $310k of new works
Largest: Retail tenancy fitout - tenancy 1
20101 building permit · about $92k of new works
Largest: Replacement of a Cooling Tower
2009Council census records it as educational/research, 13 floors
Name recorded: MIT House
20062 certificates · about $60k of new works
Largest: Change of use, Level 10.
2005Council census records it as educational/research, 13 floors
Name recorded: SULEMAN HOUSE
20051 building permit and 1 certificate · about $293k of new works
Largest: alterations to levels 2-6, 8, 11, & 12
2004Council census records it as unoccupied - unused, 13 floors
Name recorded: SULEMAN HOUSE
20031 certificate · about $1k of new works
Largest: Alterations to ground floor
20023 building permits · about $534k of new works
Largest: Office fitout alterations to an existing building. Levels 4,8,11 & 12
2002First council census entry: office, 13 floors
20001 certificate · about $27k of new works
Largest: alts to Tavern WC
19993 building permits · about $115k of new works
Largest: Level 2 & 3. Office Partioning, trainin room and offices
19981 building permit · about $4k of new works
Largest: grnd flr lobby refurbishment & new street entry
19951 certificate · about $2k of new works
Largest: Roof canopy

Building permits and certificates (37)

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 Dec 2025Proposed Internal Fit-Out to Class 9B Building (Basement)$150k
21 Nov 2025Kitchen canopy to basement tenancy$70k
30 July 2024Stage 1 - Level 13-16 - Internal alteration to DDA room$200k
30 July 2024Stage 2 - Change of use$100k
12 Oct 2023Stage 4 - Rooftop Works - Alterations to existing retail/bar and rooftop communal use, and change of use to a class 9b Assembly use and rooftop bar use$500k
13 Sept 2023Stage 3 - External works ground floor$500k
23 May 2023Stage 2 - Basement and ground floor internal works$2.0m
09 May 2023Stage 1 - Alterations & additions to existing retail/bar and rooftop class 2 communal use and change of use to a class 9B assembly use and rooftop bar use.$30k
22 July 2021Level 1- Alterations to existing building$269k
01 July 2020Residential Development - Stage 1 - Part Demolition - non structural works only$27.8m
01 July 2020Stage 2 - Full strcutural and services (excluding fire)$0
01 July 2020Stage 3 - Architectural Only$19.8m
01 July 2020Stage 4 - Fire Services$30.5m
05 May 2017Stage 4 - Fire Services$30.5m
28 July 2016Stage 2 - Full strcutural and services (excluding fire)$0
27 Apr 2016Residential Development - Stage 1 - Part Demolition - non structural works only$27.8m
19 May 2015Fitout of Display Suite$102k
20 Nov 2013Ground Floor - Internal fit out - completion of works (excluding repair works to the mechanical system and the toilets)$235k
12 Mar 2013Alteration to Shop - Tenancy 2 (Souperman)$50k
12 Dec 2012Internal fitout to the ground floor main entrance / lift lobby only$127k
03 Aug 2012Retail tenancy fitout - tenancy 1$180k
26 June 2012Alterations - Internal non loadbearing partitions walls to be constructed on the ground level$3k
07 May 2010Replacement of a Cooling Tower$92k
30 Aug 2006Change of use, Level 10.$60k
30 May 2006Alterations to assembly building, change of use levels 9.$60k
08 Apr 2005alterations to student lounge and study, level 7$30k
21 Jan 2005alterations to levels 2-6, 8, 11, & 12$263k
21 Aug 2003Alterations to ground floor$1k
19 Sept 2002380 Lonsdale Street, Melbourne EOC - Third Floor Tenancy$4k
17 Sept 2002Office fitout alterations to an existing building. Levels 4,8,11 & 12$500k
21 Aug 2002Fitout. Office refurbishment alterations Levels 4,8,9 & 11 - 388 Lonsdale Street Melbourne$30k
30 June 2000alts to Tavern WC$27k
10 Sept 1999Level 2 & 3. Office Partioning, trainin room and offices$65k
10 Sept 1999Tenancy office fitouts on levels 2 & 3$65k
30 Aug 1999Construct telecommunications network station$50k
04 Feb 1998grnd flr lobby refurbishment & new street entry$4k
30 Nov 1995Roof canopy$3k

Questions and answers

Is MIT House residential or commercial?
MIT House is a hotel or serviced apartments. The City of Melbourne lists its main use as commercial accommodation.

When was MIT House built?
MIT House was completed in 2020.

How many floors does MIT House have?
MIT House has 19 floors above ground.

What size apartments are in MIT House?
The City of Melbourne's development record lists 118 1 bed and 50 2 bed apartments. The built numbers may differ a little.

Who designed and built MIT House?
Aurumstone Group developed MIT House, Urban Design Architects designed it and Verve Construction built it. The building team section has the sources.

How tall is MIT House?
About 69 metres, measured from the City of Melbourne's 3D building model. It's number 196 of 1596 buildings in Melbourne by height.

What public transport is near MIT House?
Melbourne Central Station is the nearest train station, about 4 minutes' walk. The nearest tram stop is Melbourne Central Station/Elizabeth St #5, about 2 minutes' walk.

What is the planning zone for MIT House?
The site is in the Capital City Zone - Schedule 1 (CCZ1).

Does MIT House have an owners corporation?
Plan of subdivision PS729180 has 150 lots.

Has any work been done on MIT House recently?
The City of Melbourne has issued 24 building permits for MIT House since 1998. The most recent was in October 2023.

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.

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