Celebrating a heritage while looking at the future, a rare new project by Sterling Global has been set up to breathe new life into one of the most prestigious streets in Melbourne.
The new development, 623 Collins, State Bank Houseis located on the corner of the Streets Collins and Spencer and comprises 320 apartments at 42 levels.
The residential tower is framed at the ground level by an existing, with heritage-listed building.
“We have considered how we can easily add a contemporary addition to the Heritage stage,” says Brandon Yeoh, director of Sterling Global.
“We will keep the building and bring it back to its former glory.”
He says that the choice of location responds to a renewed demand for luxurious houses in the Melbourne CBD.
“This is part of the change in the area, which continues to evolve in a very exciting way,” he says.
623 Collins is a new residential development in the heart of Melbourne.
A rare opportunity
Collins Street is known as the home of head offices, prestige stores such as Chanel and Louis Vuitton, some of the best restaurants in Melbourne and theaters.
623 Collins is one of the few new residential developments in the Melbourne CBD, and the only one in this iconic street, giving buyers an incredible scarce chance to protect an address surrounded by the luxury and history of Collins Street.
Yeoh says that considering how located the street is, building a brand new residential tower is an irreparable chance and an extremely compelling proposition for smart buyers.
“You have the Heritage foundations, and yet you can have all contemporary facilities – the swimming pool, the gym, the parking lot and the dog washing,” he says.
“You cannot get these functions in a simple renovation of an old building.”
Yeoh says that Sterling Global saw this as the perfect new project after the success of the development of Como Terraces in South Yarra.
“You have the coworking rooms, the lounge of the resident, barbecue terraces, library, playroom, theater, yoga studio -a holistic approach to community structure, health and well -being,” he says.
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With facilities such as a large swimming pool, 623 Collins gives residents all the luxury they would expect in a new development.
The past meets the future
The existing building on 623 Collins was built in 1896. It was once the State Savings Bank of Victoria, and currently, Batman’s Hill Hotel.
Yeoh says that the team, including developer Sterling Global, architect Plus Studio, and interior designer Fiona Lynch, has planned an extensive recovery of the old banking room.
They will also make a ‘green link’ to connect the heritage building and the new homes.
“We wanted the tower to hit the base” very light “, so there is a green connector between the stage and the tower, so the tower seems to float a bit above the stage,” says Yeoh.
Buyers can choose from spacious set apartments with one, two and three bedrooms, and there are also six larger subpthuizen and one penthouse.
For the apartment interiors, designer Fiona Lynch has focused on tactile and artistic characteristics to represent the past and the future.
“Fiona is a designer established in Melbourne and she represents the character of Melbourne, but she has an international prospect and international profession,” says Mr. Yeoh.
With a history that dates from the late 1800s, 623 Collins builds on the charm and heritage of the original Savings Bank of Victoria.
The ultimate city lifestyle
The location of 623 Collins enables residents to have a fully walkable lifestyle with everything they need only a few moments removed.
“It is a place that is not as busy as Swanston or Bourke streets, you are one or two tram stops of that crowds, but you can come back to your relatively quiet place and relax,” says Mr Yeoh.
The luxury shops and restaurants of Collins Street Omringen The address and the southern cross station are located directly across the road.
Residents could easily walk to their CBD office, to the Royal Botanic Gardens for recreation, to the National Gallery of Victoria for Culture, or Southbank for Dining and Cafés.
In the house, residents can enjoy the sweeping view of the city, possibly from their apartment or from the lounge of the residents on level 6.
“It is the roof of the existing hotel,” explains Mr. Yeoh.
“You see the beautiful futuristic roof of Southern Cross Station and the buildings in Docklands, and to the Yarra River. It’s great!”
Residents of 623 Collins have a quiet refuge in the center of the lively culture and lifestyle of the city.
CBD -Occupation
The area around 623 Collins has undergone a lot of change in recent years, with new international hotels opening, new offices and new shops and restaurants.
These movements correspond to an increased interest in copper search assignments to apartments in the Melbourne CBD, which according to realestate.com.au rose by 16% in the year until August 2025.
“We have been interested in downsizers and many professionals too,” says Mr. Yeoh.
“We have also been interested in professionals who want to live regionally who want a city base. The station is just in front of the door.”
He also says that the unusually spacious floor plans have added to the attraction.
For example, the two-bedroom apartments vary from 75-117m² and the three-bedrooms apartments are approximately 135-160 m².
“They are all very generous, which is generally not what the market has offered in recent years,” he explains.
Buyers would like to learn more about 623 Collins, State Bank House and this rare opportunity for a Premium Melbourne address, can now register their interest.
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