Singapore-based real estate developer and investment company, Tuan Sing Holdings, has revealed plans for a major reconstruction of its mixed-use properties located at 121-131 Collins Street and 23-25 George Parade in Melbourne.
Tuan Sing’s subsidiary, Grand Hotel Group (GHG), has engaged the services of Hong Kong’s renowned urban design firm Urbis Ltd to submit a Town Planning Application to the City of Melbourne for the redevelopment.
The properties currently house the Grand Hyatt Hotel, which boasts 550 rooms, as well as a range of retail spaces. The reconstruction project aims to retain much of the existing podium structure, ensuring that business operations for tenants and the hotel can continue uninterrupted.
The main focus of the works will involve façade modifications, extensive refurbishment, and reconfiguration of spaces in the property’s podium from levels 4 to 9B, according to Tuan Sing’s press release on November 14.
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Once completed and pending regulatory approvals, the site will boast an impressive total gross floor area (GFA) of approximately 909,550 square feet, and will introduce a new luxury retail and F&B precinct.
CEO of Tuan Sing, William Liem, says that the redevelopment of the podium at 123 Collins Street will redefine connectivity and activation at one of the most prominent intersections in Melbourne’s renowned “Paris End.”
He further adds that the reconstruction presents an opportunity to make a statement about their commitment to the environment. By reimagining the existing structure instead of rebuilding from scratch, the company hopes to create a sustainable vision that will support a thriving, connected, and culturally vibrant Melbourne for generations to come.