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Industry News, Latest News, Projects, Victoria

Multiplex tops out $200M Paragon skyscraper

Multiplex has topped out the 48-storey Paragon skyscraper in Melbourne’s CBD and is expected to complete the project with a limited workforce by the end of the year.

The $200 million project is located on the corner of Queen and La Trobe Streets, designed by Australian architecture firm Fender Katsalidis.

Beulah Managing Director Jiaheng Chan said the topping out of Paragon signals a much greater achievement than just reaching its full height – it has kept workers employed through months of uncertainty.

“The construction and development industry has months of headwinds still ahead but Multiplex is doing a fantastic job of navigating such uncharted waters, while still delivering complex builds such as Paragon,” Chan said.

Multiplex Regional Managing Director Graham Milford Cottam said the collaborative journey with Beulah from the turning of the first sod, to the topping out of such a groundbreaking project has been incredibly rewarding.

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“Given what the industry has been faced with this year, our teams have worked together very closely to ensure Paragon remains ready to deliver to eager purchasers at the highest standard,” he said.

The building will include 227 apartments with a mix of one-, two-, and three-bedroom residences. It has been designed to limit density per floor, ensuring almost all residents can have a corner vista overlooking the streetscape below.

It is also set to become home to Australia’s first indoor urban forest, designed by landscape architect Paul Bangay. The design uses three floors and will include a selection of mature trees currently being grown to size in Queensland, with leafy canopies, climbing gardens and grassy spaces to be included.

Shared amenities, including space for exercise and wellness, a movie theatre and private dining space will also be available in the final building.

“Our value as a company has always been to lift the bar when it comes to residential living in Melbourne and post-COVID, it’s these innovative designs that residents will seek – projects that place a greater emphasis on resident wellbeing through smart design while having an abundance of amenities and services within walking distance,” Chan said.

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