Construcciones Yamaro: Multiplex tops out $194 million Market Way student tower
Multiplex has topped out Journal Student Living’s $194 million purpose-built student accommodation (PSBA) Market Way project at 100 Franklin Street in Melbourne’s CBD, marking a milestone for the 40-level development.
Located in the Queen Victoria Market precinct, Market Way comprises 715 rooms, providing 1,010 student beds across shared and individual configurations. With more than 3,000 square metres of communal space, resident amenities include a library, study rooms, gym, music and gaming rooms, cinema and rooftop terrace.
Designed by COX Architecture, the development also features over 350 square metres of retail space and a basement loading bay. Aligned with students’ preferred mode of transport, 172 bicycle spaces are included instead of on-site car parking.
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The four-storey heritage-listed Burbank House is retained as part of the development, housing the library, kitchen, dining area, study rooms and entry lobby. Constructed in 1840, the historic building was home to James Harrison, the mastermind behind the mechanical refrigeration process, for around 40 years from 1850. The inventor set up Victorian Ice Works in Burbank House and created one of the first mechanical ice-making machines.
“We’re proud to reach this critical milestone on this project, which sets an enviable new benchmark for high-quality living spaces within the rapidly emerging student accommodation sector,” said Ross Snowball, regional managing director for Victoria and South Australia at Multiplex. “It combines our expertise in successfully delivering high-rise residential and managing complex heritage restorations.”
According to Multiplex, innovative construction methods used on site are improving efficiency. Prefabrication is streamlining delivery and has included 983 offsite-fabricated bathroom pods, 300 precast panels with integrated brick façades and prefabricated column boxes with built-in reinforcement. A modular curtain wall façade, glass reinforced concrete planter boxes and pre-assembled rooftop plant have also been manufactured offsite, improving build efficiency.
Burbank House is being preserved and structurally upgraded by Multiplex using laboratory-tested timber and a rooftop steel truss.
Prior to commencing construction works, Journal engaged heritage specialists to uncover the site’s history. The site sits within the Registered Aboriginal Party boundary of the Wurundjeri Woi Wurrung Cultural Heritage Aboriginal Corporation, making its archaeological exploration both historically and culturally significant.
Christine Williamson Heritage Consultants and Archaeological Excavations uncovered the structural remains of James Harrison’s ground-breaking ice machine. Pivotal in keeping salmon ova (eggs) frosty during transport, the ice machine ensured they stayed alive long enough to reach their final destination.
The excavation also unearthed an assortment of 1850s relics, including glass and beer bottles, ceramic plates and jugs, Wedgwood mugs, ink bottles and pourers, stone bottles and even some animal bones.
The project is scheduled for completion in September 2026.
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