International property developer Far East Consortium has contracted national Tier-1 contractor Probuild to carry out the design and construct contract for the first stage of two billion dollar development West Side Place and Ritz Carlton Hotel.
Set to transform the former Age newspaper site at 250 Spencer Street, West Side Place will become Victoria’s largest residential development. The first stage of this iconic development will house 1376 apartments over two towers, as well as the tallest hotel in the southern hemisphere - Melbourne’s first Ritz-Carlton hotel at 270m high.
“We are thrilled to be partnering with Far East Consortium to deliver West Side Place. This contract is the largest secured by Probuild in our 30-year history and we can’t wait to bring this iconic project to life,” said Probuild’s Victorian Managing Director, Luke Stambolis.
“Our team in WA is currently delivering one of Perth’s most significant developments with the Ritz Carlton at Elizabeth Quay, and Far East’s willingness to enter another major project together is a testament to the relationship that’s been built between Probuild and Far East Consortium.
“We’ve worked really hard to ensure the service a client receives in one state mirrors another. Our skills and expertise are mobile, and our Victorian team has been providing significant support to The Elizabeth Quay redevelopment.
“This Victorian project is one of unprecedented scale and ambition, not just for Probuild but for Melbourne. West Side Place will be an exemplary project for generations to come.”