Construction has commenced at the $1.5 billion 555 Collins Street precinct, the largest commercial development in Melbourne’s CBD to begin construction in 2021 which will be the future home of Amazon’s corporate offices in Melbourne.

Victorian Treasurer, The Hon Tim Pallas MP, said city-shaping projects like the 555 Collins Street precinct are key to the Melbourne CBD’s future as a vibrant, economic hub.

“This is significant for Melbourne and incredible news for jobs and our highly skilled workforce – this investment will contribute billions of dollars to the Victorian tech economy in the next 10 years and cement our position as the home of innovation in the nation,” the Victorian Treasurer said.

Stage 1 construction of 555 Collins Street will generate approximately 1,500 jobs for Victorians.

555 Collins Street is the result of a unique collaboration between Charter Hall as the owner and developer, Cox Architecture and global design practice, Gensler. Stage 1 of 555 Collins Street will comprise a $750 million, 48,000 square metre Premium Grade office tower on the corner of Collins Street and King Street. The Stage 2 office tower will comprise 32,000 square metres.

The ground plane will connect seamlessly into Melbourne’s midtown, providing a premium food and beverage hub and the landmark health and wellbeing offering will provide a space for tenant customers to focus on their health, relax and rejuvenate during their workday.

Accommodating up to 7,500 CBD workers, the design of the two buildings actively responds to the new COVID-19 operating environment, with next-generation Smart Building technology that monitors air quality and touchless amenities to support enhanced health, hygiene and wellness.

Amazon Web Services Managing Director for Australia and New Zealand, Adam Beavis, also commented: “We’re excited to be part of the reinvigoration of Melbourne CBD, by strengthening our local presence in the Victorian economy. Melbourne has a rich community of innovators, and we are looking forward to bringing Amazon’s growing local workforce to 555 Collins Street so we can continue to invent and innovate on behalf of customers across our Amazon and AWS businesses in Australia. 555 Collins comes with a 6 Star Green rating and is constructed under a carbon-neutral framework, which will contribute to helping us reach our goal of net-zero carbon emissions by 2040.”

Practical completion of Stage 1 of 555 Collins Street is scheduled for early 2023.

Artist’s impression of the 555 Collins Street Podium.