Queensbridge Building tops out as Southbank’s transformation gathers pace

A new landmark has officially joined the Southbank skyline, with developer Time & Place announcing the topping out of its 65-storey Queensbridge Building – a major milestone for the inner-city residential tower set for completion by the end of 2025.

At 209 metres tall, the Queensbridge Building is the only high-rise residential development in Southbank on track to finish this year, delivering 353 apartments and a 188-key boutique hotel – Hannah St. Hotel – as part of its premium offering.

Built by Hickory and backed by MaxCap Group, the $5 billion development boasts high-end design by Fraser & Partners and interiors by Flack Studio, alongside resident amenities such as rooftop terraces, a lap pool, co-working space and wellness studios.

This is a momentous step towards delivering The Queensbridge Building,” Time & Place founder Tim Price said. “Reaching this point gives buyers confidence that their home will be delivered on time, meeting the high expectations we’ve communicated from the outset.

Hickory managing director George Abrahram said the topping out milestone was a testament to the quality and pace of the project: “We’re on track to deliver a transformative living experience in an iconic building.”

The hotel component – operated by TFE Hotels as part of its Collection portfolio – will introduce a new layer of hospitality to Southbank, integrating a restaurant, hotel lobby and premium concierge services into the residential experience.

While the tower marks a major vertical achievement for the precinct, the surrounding area at its doorstep is also set for a horizontal transformation.

Located just metres from the Queensbridge Building’s entrance, the long-overlooked Kings Way undercroft is set to be revitalised into 5000sqm of public open space, thanks to a joint investment by the City of Melbourne and the federal government.

Dubbed a “massive win for Southbank” by Lord Mayor Nick Reece, the new space – part of the council’s City Road Master Plan – will include recreational facilities, art installations and safer pedestrian links.

The council allocated funding in its 2025–26 budget to progress the long-awaited renewal, with detailed design work now under way.

Together with the new and expanded library and soon-to-be renovated Boyd Community Hub opposite on City Rd, the Queensbridge Building and undercroft renewal signal a new chapter for the heart of Southbank. •