Melbourne, family-owned groups Perri Projects and Pellicano have paired up on a 20-level, mixed-use office tower in the CBD’s North-east corner.
The $170m project at 17 Bennetts Lane was approved by the City of Melbourne last week, having been designed to comply with height and overshadowing provisions.
The 1,543 sq m site, home to a converted warehouse, was purchased by Perri Projects in 2017 for $26.1 million.
Boutique architecture firm FJMT designed the 12,000 sq m tower, which will include up to 1,600 sq m for retail, food and beverage outlets, as well as floor plates of up to 1,200 sq m of office space for companies of varying sizes.
The joint venture aims to alleviate commercial office stress in the CBD, which currently has a vacancy rate of around 3%.
Perri and Pellicano hope to attract a diverse mix of businesses by offering a variety of floor plate sizes, with the tower’s tiered structure allowing small and medium-sized enterprises the opportunity to rent an entire floor.
Perri Projects Managing Director David Scalzo said “as the first boutique A-grade office building to be built in Melbourne’s CBD in years, 17 Bennetts Lane is a unique offering for a wide variety of creative and forward-thinking businesses.”
As the duo’s first foray into Melbourne CBD construction, the tower will bring Perri and Pellicano into the “construction mini-boom” which aims to increase office space in the city centre 10% by 2023.
The building’s exterior was largely dependent upon City of Melbourne restrictions, with the tapered design having changed during the planning and approval process.
"The site had some challenges in getting the right design outcome," Mr Scalzo said. "It’s got a number of street frontages but different streets and laneways have different considerations in terms of how you approach them from a building massing perspective."
Perri and Pellicano said details such as appointment of a preferred builder would be finalised early 2020, after the launch of the project’s marketing campaign.
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