Tower 'grid' latest Collin Street addition to west end retail space

Retailers go west to get in on the ground level of the newest Collins Street office tower.

A "grid" of retail shops on the ground floor of Melbourne's newest Collins Street office tower is almost fully leased as retailers take advantage of the fast evolving western end of the city.

Owned by Investa Office Fund and Investa Commercial Property Fund, the premium 26-level commercial tower at 567 Collins developed by Leighton Properties has secured tenants for most of the 13 spaces available.

The speedy take-up reflects the growing popularity and development of the western end of Collins Street as a viable retail precinct, agents said.

An impression of the "grid" of retail shops on the ground floor of 567 Collins Street.

Tenants who have signed on to the ground-floor forecourt include the boutique barista kiosk of local restaurateur Sargon Beteramia, national Japanese food vendor Sushia, Mexican fast-food Guzman Y Gomez and locally founded Earl Canteen, Spudbar and Jaffle Jaffle, Colliers International's Ben Tremellen and Georgie Cichy said.

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Retailers were accrediting stronger trading conditions at the western end of Collins Street withthe drag effect of the ongoing expansion of Docklands and large numbers of residential developments in the area, CBRE's Zelman Ainsworth said.

Directly opposite Investa's building, Hickory Group is finalising construction of a 65-level tower at 568 Collins for the Stamoulis Property Group.

The compact 30 by 40-metre site will have a total of 588 apartments when complete.

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Tower 'grid' latest Collin Street addition to west end retail space