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That's Built · Building report

Vision Apartments

496-504 Elizabeth Street, Melbourne VIC 3000
Generated 8 November 2026
Mixed use · Residential Apartment
230 mheight
70floors
2016completed
556homes
8permits

Development milestones

Planning application2009Planning application TPM-2009-1 lodged
ApprovedBy 2013Planning permit granted (exact date not recorded)
Construction startedNov 2013First major construction permit issued
First occupantsApr 2016First occupancy permit issued
Completed2016Vision Apartments completed: 70 floors

Building team

Developer
Brady Group
Architect
Peddle Thorp
Builder
Brady Constructions

Planning & subdivision

Zone
CCZ1
Overlays
DDO1, DDO10, PO1, SBO2
Strata plan
PS702914 · 782 lots
Scores
🚆 9 · ☕ 7 · 🌳 7 · ✨ 8

Timeline

20231 certificate · about $25k of new works
Largest: Unit 5803, Level 58 - Rectification Works to Fire Damaged Balcony
20212 certificates · about $28k of new works
Largest: Stage 2 - Internal Fitout
20201 building permit · about $507k of new works
Largest: Stage 3 - Alterations & Fitout to an Existing Restaurant (6a)
20191 building permit · about $500k of new works
Largest: Alterations & Fitout to an Existing Restaurant (6a)
2017Council census records it as residential apartment, 70 floors
20172 building permits and 1 certificate · about $636k of new works
Largest: Shop 1 - Internal fitout works to an existing retail tenancy
2016Vision Apartments completed: 70 floors
Derived from Wikidata
Apr 2016First occupancy permit issued
Derived from City of Melbourne building permits
20161 building permit and 6 certificates · about $120k of new works
Largest: Construction of a 63 Storey residential, carpark and commercial building
2 Dec 2015Council concern over two missing basement parking levels
Melbourne councillors were asked on 17 November to retrospectively approve a reduction of two basement parking levels at the Vision Apartments tower. The tower was reported to have been completed and apparently approved by a private building surveyor without those levels, and councillors were reported as scathing that the building permit was apparently ignored.
2015Council census records it as unoccupied - under construction, 11 floors
20151 building permit
Largest: Stage 5: Architectural & Services
By 2013Planning permit granted (exact date not recorded)
Derived from City of Melbourne Development Activity Monitor
Nov 2013First major construction permit issued
Derived from City of Melbourne building permits
20132 building permits · about $100.0m of new works
Largest: Stage 2: Construction of a 63 Storey residential, carpark and commercial building
Nov 2012Vision begins marketing as proposed tallest approved residential tower in Melbourne CBD
The Brady Group began marketing the proposed 226-metre, 72-level tower at 500 Elizabeth Street, which was described as the tallest approved residential building in Melbourne's CBD. The article reported 524 apartments. Its byline is dated 1 November 2012.
2011Council census records it as retail - showroom, 2 floors
20111 certificate · about $75k of new works
Largest: Internal strutural alterations to an existing building
2009Planning application TPM-2009-1 lodged
Derived from City of Melbourne Development Activity Monitor
2008Council census records it as unoccupied - unused, 2 floors
Name recorded: STORK HOTEL
2002First council census entry: entertainment/recreation - indoor, 2 floors

Building permits and certificates (19)

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.

16 Nov 2023Unit 5803, Level 58 - Rectification Works to Fire Damaged Balcony$25k
31 Aug 2021Stage 2 - Internal Fitout$500k
15 Mar 2021Lot 1708,1708. Construction of Alteration to existing dwelling (like for like replacement)$29k
02 Apr 2020Stage 3 - Alterations & Fitout to an Existing Restaurant (6a)$507k
30 Aug 2019Alterations & Fitout to an Existing Restaurant (6a)$500k
14 Sept 2017Shop 1 - Internal fitout works to an existing retail tenancy$300k
06 Apr 2017Tenancy 4 - Retail tenancy fitout (Noodle House)$250k
24 Mar 2017Retail 3 - Internal Tenancy Fitout for Pufflets$86k
16 Dec 2016Construction of a 63 Storey residential, carpark and commercial building$125k
18 Nov 2016Retail GLR03 - Installation of a kitchen exhaust$30k
22 Sept 2016Shop 2 internal fitout works to an existing retail tenancy$90k
02 Sept 2016Stage 3: Full Structural and PT Slab Design for Levels 2-7$0
02 Sept 2016Stage 4: PT slabs for levels 8-68$0
26 July 2016Construction of a 63 Storey residential, carpark and commercial building$125k
14 Apr 2016Construction of a 63 Storey residential, carpark and commercial building$125k
05 May 2015Stage 5: Architectural & Services$100.0m
06 Nov 2013Stage 2: Construction of a 63 Storey residential, carpark and commercial building$1.8m
03 June 2013Construction of a 63 Storey residential, carpark and commercial building$125k
05 Sept 2011Internal strutural alterations to an existing building$75k

Questions and answers

Is Vision Apartments residential or commercial?
Vision Apartments mixes homes and businesses under one roof. The City of Melbourne lists its main use as residential apartment.

When was Vision Apartments built?
Vision Apartments was completed in 2016.

How many floors does Vision Apartments have?
Vision Apartments has 70 floors above ground.

How many apartments are in Vision Apartments?
Vision Apartments has 556 homes. The national address file lists 627 unit addresses here, and some of those can be shops or offices.

Does Vision Apartments have parking?
The City of Melbourne records 156 residential car spaces at this property. Which apartments have a space isn't recorded, so check the listing.

What do apartments cost near Vision Apartments?
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 Vision Apartments?
The latest council census counted 4 businesses in Vision Apartments, including D2M Beauty Clinic, Hwadam BBQ and Lost In Yunnan Elizabeth.

Are there apartments for sale or rent in Vision Apartments?
See the residential listings on this page, or use the shortcuts to search 496-504 Elizabeth Street on realestate.com.au and Domain.

Is there office or retail space for lease in Vision Apartments?
See the commercial listings on this page, or search this address on realcommercial.com.au and commercialrealestate.com.au.

Who designed and built Vision Apartments?
Brady Group developed Vision Apartments, Peddle Thorp designed it and Brady Constructions built it. The building team section has the sources.

How tall is Vision Apartments?
About 230 metres, measured from the City of Melbourne's 3D building model. It's number 10 of 1596 buildings in Melbourne by height.

What public transport is near Vision Apartments?
State Library Station is the nearest train station, about 3 minutes' walk. The nearest tram stop is Queen Victoria Market/Elizabeth St #7, about 1 minute's walk.

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

Does Vision Apartments have an owners corporation?
Plan of subdivision PS702914 has 782 lots and common property, which means it is managed by an owners corporation.

Has any work been done on Vision Apartments recently?
The City of Melbourne has issued 8 building permits for Vision Apartments since 2013. The most recent was in April 2020.

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

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