πŸ› OtherUnoccupied - Under Construction

435 Bourke Street

423-447 Bourke Street, Melbourne VIC 3000

  • 48 floors

What's available here Add a listing link

Under construction

  1. 2019Planning application
  2. TodayIn progress

69 building permits Β· 8 news storiesFull timeline ↓

About 435 Bourke Street

435 Bourke Street is an office tower in Melbourne with 48 floors above ground, and it is still under construction. Cbus Property is developing it, Bates Smart designed it and Multiplex is building it, and the tower has topped out. Baker McKenzie has signed a lease in the building, and KordaMentha, UniSuper and Hostplus have committed to it.

At a glance

Key facts

Building type
πŸ› Other
Completed
β€”
Height
182 m Unconfirmed We don't have data to 100% confirm this data point as yet.
Floors
48
Footprint
134 mΒ²
Architect
Bates Smart
Builder
Multiplex
Car spaces
β€”
Planning zone
CCZ1
Permits on record
69

Score cards

πŸš† Transport7/10

Town Hall Station 6 min walk Β· 9 tram stops within 400 m

β˜• Everyday amenities7/10

176 cafΓ©s, 5 grocers, 19 medical within 250 m

🌳 Greenery7/10

84 street trees within 150 m Β· park 266 m away

✨ Activity10/10

5,147 people pass daily nearby Β· 86 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 435 Bourke Street.

πŸ—DeveloperCbus Propertysince 2018verifiedsince 2018Source: apartments.com.au β†—
πŸ“ArchitectBates Smart2018–2026verified2018-2026 Β· Architect for the tower designSource: apartments.com.au β†—
πŸ‘·BuilderMultiplexsince 2023verifiedsince 2023 Β· Main contractorSource: Property Markets News β†—
πŸ‘·BuilderKapitol Group2023reported2023 Β· Early works and basement constructionSource: The Urban Developer β†—
+Were you involved?Builders, architects, developers and managers can claim their role

Location & neighbourhood

Getting around

πŸš†Town Hall Station
Train station
6 min Β· 489 m
πŸš†Flinders Street Station
Train station
7 min Β· 543 m
πŸš‹Queen St/Bourke St #4
Tram stop
1 min Β· 109 m
πŸš‹Bourke Street Mall/Elizabeth St #3
Tram stop
3 min Β· 213 m
πŸš‹Collins St/Elizabeth St #2
Tram stop
3 min Β· 214 m

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

Within a 3-minute walk

176β˜• CafΓ©s & eateries
5πŸ›’ Grocers
11πŸ‹οΈ Gyms
19🩺 Medical
5πŸ’Š Pharmacies
0🧸 Childcare
17🍷 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).

Timeline

Everything that has happened at 435 Bourke Street: listings, news, works, planning and history.

23 Jul 2026πŸ“°
News
KordaMentha, UniSuper and Hostplus commit to 435 Bourke Street
Cbus Property announced that KordaMentha had signed a lease for about 3,600 square metres on levels 33 to 35. UniSuper and Hostplus were named among the commercial tenants committed to the tower, with Lucas Collective and Rosso Group taking retail space.
29 Apr 2026πŸ“°
News
435 Bourke Street tops out and reaches stage 1 practical completion
Cbus Property and Multiplex announced that the tower had topped out and that the first stage (SP1) had reached practical completion, with the second stage due later in 2026. The article said full completion was targeted for late 2026. UniSuper later also reported the topping out.
Covered by 3 outlets
2026πŸ› 
Works
2 building permits and 4 certificates Β· about $16.6m of new works
Largest: Stage 15 - B5-L8 Services (Excluding Vertical Transport)
2025πŸ› 
Works
15 building permits and 1 certificate Β· about $61.2m of new works
Largest: Stage 35 - Level 52 Slab, roof precast, crown steelwork, stair 7 & 8
5 Apr 2024πŸ“°
News
Baker McKenzie signs lease at 435 Bourke Street
Global law firm Baker McKenzie signed an agreement for lease over about 3,600 square metres on levels 36 to 38, joining the Commonwealth Bank, which committed to 15,000 square metres on levels one to eight as its future Melbourne head office.
2024πŸ”„
Use change
Council census records it as unoccupied - under construction, 1 floors
2024πŸ› 
Works
12 building permits
Largest: Stage 22 - Structural Slabs Level 9-19
16 Nov 2023πŸ“°
News
Multiplex appointed to build 435 Bourke Street tower
Multiplex was appointed to deliver the $1 billion, 48-storey Bates Smart-designed office tower for Cbus Property, with completion targeted for Q4 2026. World Construction Network also reported that construction was commencing, with 116 car spaces across five and a half basements.
Covered by 2 outlets
18 May 2023πŸ“°
News
Early works under way on 435 Bourke Street tower
The Urban Developer reported that early works and basement construction were under way by Kapitol Group, with Bates Smart as architect and an end value of $1 billion.
2023πŸ› 
Works
7 building permits Β· about $559.4m of new works
Largest: Stage 10 - B4 Slab, B4-LG core wall slabs & BL5L-LG and Precast B5L-L9
1 Aug 2022πŸ“°
News
Demolition under way on the 435 Bourke Street site
Cbus Property reported that demolition of 140 and 150 Queen Street and 27 McKillop Street was complete and demolition of 423 Bourke Street was under way. Construction completion was then anticipated for 2026.
2022πŸ”„
Use change
Council census records it as unoccupied - under demolition/condemned, 11 floors
2022πŸ› 
Works
2 building permits Β· about $10.0m of new works
Largest: Piling Works on 140-150 Queen Street, 423 Bourke Street & 21-27 McKillop Street
2021πŸ› 
Works
1 certificate Β· about $105k of new works
Largest: Levels L2 & L3 - Office Fitout Works
24 Jan 2020πŸ“°
News
Planning approval granted for 435 Bourke Street office tower
The Department of Environment, Land, Water and Planning approved the project after design refinement with the City of Melbourne. The approved scheme was described as 59,000 square metres of office space across 49 storeys.
Covered by 2 outlets
2019πŸ“
Milestone Β· Planning application
Planning application TPMR-2019-1/D lodged
Derived from City of Melbourne Development Activity Monitor
20 Dec 2018πŸ“°
News
Cbus Property lodges planning application for 435 Bourke Street site
Cbus Property lodged a planning application for a commercial precinct combining 423 Bourke Street with 140 and 150 Queen Street and 27 McKillop Street. The proposal was for a 55-level office project designed by Bates Smart, reported at about $1 billion.
2018πŸ› 
Works
1 building permit Β· about $280k of new works
Largest: Display Suite
2017πŸ› 
Works
1 certificate Β· about $15k of new works
Largest: Level 3 - Internal office fit out
2016πŸ› 
Works
1 building permit and 2 certificates Β· about $239k of new works
Largest: Level 5 - Loop Office Fit out
2010πŸ› 
Works
1 building permit Β· about $45k of new works
Largest: Internal office alterations - Loop Technology Level 5
2007πŸ› 
Works
1 building permit Β· about $300k of new works
Largest: Proposed additions and alterations to office building.
2002πŸ› 
Works
1 building permit Β· about $38k of new works
Largest: Level 5 - Alterations to Offices
2002πŸ“‹
First census
First council census entry: office, 11 floors
2000πŸ› 
Works
1 certificate Β· about $190 of new works
Largest: Installation of alarm signalling equipment
1999πŸ› 
Works
1 building permit and 1 certificate Β· about $918k of new works
Largest: Tenancy fitout on level 5
1998πŸ› 
Works
5 building permits Β· about $251k of new works
Largest: Office alterations on levels 4 5 and 6
1997πŸ› 
Works
2 building permits and 2 certificates Β· about $321k of new works
Largest: alterations to office
1996πŸ› 
Works
1 building permit Β· about $443k of new works
Largest: Tenancy alterations - includning levels 9 & 10 and common toilet and tearoom areas.
Approvedβœ…
Milestone Β· Approved
Planning permit granted (exact date not recorded)
Derived from City of Melbourne Development Activity Monitor

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
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

Building permits on record
69
Estimated cost of works
About $650.2m
1996New 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

How it's been recorded over time

2002Office Β· 11 floors
2022Unoccupied - Under Demolition/Condemned Β· 11 floors
2024Unoccupied - Under Construction Β· 1 floors

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

Community

What people say about 435 Bourke Street 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 reviews

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Frequently asked questions

Is 435 Bourke Street residential or commercial?

435 Bourke Street is neither homes nor offices. The City of Melbourne lists its main use as unoccupied - under construction.

How many floors does 435 Bourke Street have?

435 Bourke Street has 48 floors above ground.

Who designed and built 435 Bourke Street?

Cbus Property developed 435 Bourke Street, Bates Smart designed it and Kapitol Group built it. The building team section has the sources.

What public transport is near 435 Bourke Street?

Town Hall Station is the nearest train station, about 6 minutes' walk. The nearest tram stop is Queen St/Bourke St #4, about 1 minute's walk.

What is the planning zone for 435 Bourke Street?

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

Has any work been done on 435 Bourke Street recently?

The City of Melbourne has issued 69 building permits for 435 Bourke Street since 1996. The most recent was in April 2026.

Compare with nearby buildings

BuildingTypeDistanceFloorsCompleted
435 Bourke StreetOtherβ€”48
ACA BuildingCommercial51 m131936
Elder HouseCommercial78 m161964

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), 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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