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QVM - Residence and Hotel

93-129 Therry Street, Melbourne VIC 3000
Generated 8 November 2026
Mixed use · Residential Apartment
133 mheight
39floors
2022completed
490homes
6permits

Development milestones

Planning application2018Planning application TPMR-2018-2 lodged
ApprovedBy 2021Planning permit granted (exact date not recorded)
Construction startedAug 2021First major construction permit issued
First occupantsAug 2021First occupancy permit issued
Completed2022QVM - Residence and Hotel completed: 39 floors

Building team

Developer
PDG Corporation
Builder
Hamilton Marino
Architect
Bates Smart
Builder
Mirvac

Planning & subdivision

Zone
CCZ1
Overlays
DDO1, DPO11, HO7, PO1
Strata plan
PS826416 · 3 lots
Scores
🚆 8 · ☕ 5 · 🌳 8 · ✨ 8

Timeline

20251 certificate · about $100k of new works
Largest: Tenancy 3 - 101 Therry Street - Cafe fitout
2024Council census records it as residential apartment, 41 floors
20243 building permits and 2 certificates · about $1.7m of new works
Largest: Proposed alterations to existing retail tenancy 2.5, 2.6 and 2.7
24 Jan 2023LIV Munro build-to-rent tower launched next to Queen Victoria Market
Mirvac launched LIV Munro, a 39-storey build-to-rent tower with 490 apartments on Therry Street next to Queen Victoria Market, which the article gave as a $355 million project.
20231 building permit and 1 certificate · about $684k of new works
Largest: Shop 7, Proposed alterations to existing retail shop
2022QVM - Residence and Hotel completed: 39 floors
Derived from City of Melbourne Development Activity Monitor
14 Dec 2022Veriu Queen Victoria Market hotel opens
Victoria-based Veriu Group opened Veriu Queen Victoria Market, its first Veriu-branded hotel in Victoria, in the Queen Victoria Market precinct. The boutique hotel offers one-bedroom and studio apartment-style suites with kitchen facilities.
20221 certificate
Largest: Stage 10: Fit-Out of Level 1 & Level 2 TAC Apartments
By 2021Planning permit granted (exact date not recorded)
Derived from City of Melbourne Development Activity Monitor
Aug 2021First major construction permit issued
Derived from City of Melbourne building permits
Aug 2021First occupancy permit issued
Derived from City of Melbourne building permits
2021Council census records it as unoccupied - under construction, 1 floors
20218 certificates · about $93.4m of new works
Largest: Stage 7: Structural and architectural B1-L4, services B4-L4 (excluding fire services)
3 Jun 2019Mirvac agrees to buy 490 build-to-rent apartments from PDG for $333.5 million
Mirvac agreed to buy the 490 apartments from developer PDG for $333.5 million, with completion subject to planning and redesign conditions. Mirvac said it intended to retain the asset on completion and the deal was structured on a fund-through basis.
22 Jan 2019Construction starts on Munro development; tower scaled to 38 and 10 storeys
The Urban Developer reported that work had begun on the $450 million Munro development, with PDG's QVM Residences described as a 320-apartment residential tower including an 80-room hotel. The site was described as housing two towers of 38 and 10 storeys.
2018Planning application TPMR-2018-2 lodged
Derived from City of Melbourne Development Activity Monitor
15 Mar 2017City of Melbourne unveils Munro site tower designs
Designs were unveiled for a 196-metre tower and low-rise community hub on the council-owned Munro site at Queen and Therry streets, with residential apartments, affordable rental units, a hotel and a childcare centre. The article reported that the state planning minister had concerns about the tower's height.
2015Council census records it as unoccupied - unused, 2 floors
2011Council census records it as retail - shop, 2 floors
20111 building permit · about $20k of new works
Largest: Shop fitout and construction of disabled entry ramp
2006Council census records it as storage, 2 floors
2004Council census records it as unoccupied - unused, 2 floors
2002First council census entry: retail - shop, 2 floors
19971 building permit · about $4k of new works
Largest: Alterations to shop verandah

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.

30 June 2025Tenancy 3 - 101 Therry Street - Cafe fitout$100k
14 June 2024Tenancy 2.4 - Proposed Alterations to Existing Retail$300k
26 Mar 2024Proposed alterations to existing retail tenancy 2.5, 2.6 and 2.7$800k
25 Mar 2024Stage 2 - Tenancy 2.5, 2.6 & 2.7 – Shopfront Doors & Fire Hose Reels Only$800k
21 Mar 2024121 Therry - Cafe / restaurant internal fitout works$400k
08 Mar 2024Tenancy 2.1 - Alterations$220k
18 Sept 2023Shop 7, Proposed alterations to existing retail shop$484k
02 May 2023Shop 1.1 - Proposed alterations to existing retail shop.$200k
30 Mar 2022Stage 10: Fit-Out of Level 1 & Level 2 TAC Apartments$85.2m
12 Nov 2021Stage 7: Structural and architectural B1-L4, services B4-L4 (excluding fire services)$85.2m
10 Sept 2021Stage 1: Internal demolition and gantry facade retention - QVM community precinct development - Construction of residential tower$850k
10 Sept 2021Stage 7: Structural and architectural B1-L4, services B4-L4 (excluding fire services)$85.2m
01 Sept 2021Stage 2: Demolition of existing buildings$0
01 Sept 2021Stage 5: Footings and slab on ground and inground services$77.4m
01 Sept 2021Stage 6: Structural and architectural B3-B2$85.2m
20 Aug 2021Stage 3: Basement excavation and retention system$7.4m
20 Aug 2021Stage 7: Structural and architectural B1-L4, services B4-L4 (excluding fire services)$85.2m
23 June 2011Shop fitout and construction of disabled entry ramp$20k
13 June 1997Alterations to shop verandah$4k

Questions and answers

Is QVM - Residence and Hotel residential or commercial?
QVM - Residence and Hotel mixes homes and businesses under one roof. The City of Melbourne lists its main use as residential apartment.

When was QVM - Residence and Hotel built?
QVM - Residence and Hotel was completed in 2022.

How many floors does QVM - Residence and Hotel have?
QVM - Residence and Hotel has 39 floors above ground.

How many apartments are in QVM - Residence and Hotel?
QVM - Residence and Hotel has 490 homes. The national address file lists 490 unit addresses here, and some of those can be shops or offices.

What size apartments are in QVM - Residence and Hotel?
The City of Melbourne's development record lists 1 bed, 2 bed and 3+ bed apartments. The built numbers may differ a little.

Does QVM - Residence and Hotel have parking?
The City of Melbourne records 158 residential car spaces at this property. Which apartments have a space isn't recorded, so check the listing.

Does QVM - Residence and Hotel have hotel or student accommodation?
The City of Melbourne records 81 hotel rooms at QVM - Residence and Hotel.

What do apartments cost near QVM - Residence and Hotel?
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 QVM - Residence and Hotel?
The latest council census counted 7 businesses in QVM - Residence and Hotel, including Kombu Qvm Pty Ltd, Lovey Patisserie Cafe / X Playground and Mansae.

Are there apartments for sale or rent in QVM - Residence and Hotel?
See the residential listings on this page, or use the shortcuts to search 93-129 Therry Street on realestate.com.au and Domain.

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

Who designed and built QVM - Residence and Hotel?
PDG Corporation developed QVM - Residence and Hotel, Bates Smart designed it and Mirvac built it. The building team section has the sources.

How tall is QVM - Residence and Hotel?
About 133 metres, measured from the City of Melbourne's 3D building model. It's number 75 of 1596 buildings in Melbourne by height.

What public transport is near QVM - Residence and Hotel?
State Library Station is the nearest train station, about 4 minutes' walk. The nearest tram stop is Queen Victoria Market/Elizabeth St #7, about 1 minute's walk.

What is the planning zone for QVM - Residence and Hotel?
The site is in the Capital City Zone - Schedule 1 (CCZ1). It's also under a Heritage Overlay (HO7).

Does QVM - Residence and Hotel have an owners corporation?
Plan of subdivision PS826416 has 3 lots and common property, which means it is managed by an owners corporation.

Has any work been done on QVM - Residence and Hotel recently?
The City of Melbourne has issued 6 building permits for QVM - Residence and Hotel since 1997. The most recent was in June 2024.

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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