Summary:
- Hickory and MaxCap have launched construction on a $300 million, 26-level PBSA development at 570 Little Bourke Street, Melbourne, delivering 892 beds across 748 units with premium amenities and completion targeted for late 2027, managed by UniLodge.
- The project includes restoration of the historic Great Western Hotel, new retail spaces, and improved pedestrian links, reflecting a strategic focus on urban renewal and addressing Australia’s housing shortage through under-utilised city sites.
- This marks Hickory’s fourth PBSA project and first under its integrated builder-developer model, incorporating prefabricated bathrooms to enhance efficiency, while MaxCap continues to expand its social infrastructure portfolio with a focus on education-backed assets.
Original article:
https://www.buildaustralia.com.au/projects/construction-begins-on-300m-melbourne-pbsa-project/
