Summary:
- Hickory and MaxCap have begun construction on a $300 million, 26-level PBSA project at 570 Little Bourke Street in Melbourne’s CBD, delivering 892 beds across 748 units with extensive student amenities and a planned opening in Semester 1, 2028.
- UniLodge will operate the development, marking MaxCap’s second PBSA asset following UniLodge Perth Central, while Hickory advances its Melbourne western CBD footprint, integrating heritage restoration and new retail to enhance precinct activation and pedestrian access.
- The project employs Hickory’s integrated builder-developer model and SYNC prefabricated bathrooms to reduce delivery risk and on-site labour, supported by hCapital and MaxCap’s equity teams, with completion targeted for late 2027.
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