The $565 million Sapphire by the Gardens development in Melbourne has officially commenced, which will house the 5-star Shangri-La Hotel adding 500 hotel rooms to the city in 2021.
Representatives of S P Setia, Multiplex, Shangri-La, and the City of Melbourne gathered to break ground on what will become one of Melbourne’s most iconic developments, Sapphire By The Gardens located at 308 Exhibition Street, Melbourne earlier this week.
Developed by S P Setia, the mixed-use project’s western tower measures 62 storeys and will host Melbourne’s newest five-star hotel, the Shangri-La. The eastern tower is 60 storeys and will house over 300 luxury residential apartments.
The two towers will be joined by a striking Sky Lounge on level 46 overlooking the UNESCO world heritage listed, Royal Exhibition Building and its surrounding Carlton Gardens.
With construction anticipated to take three years, the project is expected to generate over 1,000 jobs during the construction and initial hotel operational period; representing a significant economic impact for Victoria.
Located in the north east corner of Melbourne’s CBD, near the culture and theatre precinct and overlooking the Carlton Gardens and Royal Exhibition Centre, the project’s 500-room luxury hotel is perfectly positioned to cater for tourists visiting Melbourne.
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