Announced

STH BNK by Beulah

STH BNK by Beulah is a twin-tower mixed-use scheme on City Road in Melbourne's Southbank, designed by UNStudio with Cox Architecture and pitched as the tallest building in Australia.

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TMW IntelligenceVerified Oct 10, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open
210
Keys
789
Units
100
Floors
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Details

118-164 City Road, Melbourne. 100 floors, 789 residences and 210 hotel keys.

The story so far
Announced Aug 15, 2018UNStudio and Cox Architecture's "Green Spine" wins Beulah's $2bn Southbank international design competition, beating BIG, OMA, MAD and MVRDV
architectureau.com
Project vehicle enters voluntary administration Feb 2025BSSPV Pty Ltd, Beulah's entity for the STH BNK site, was placed into voluntary administration after a wind-up notice filed by architects Cox Architecture and UNStudio.
southbanklocalnews.com.au
Creditors approve a deed of company arrangement Apr 2025the DOCA gave Beulah 18 months to repay creditors through a joint-venture partner, refinancing or a sale of the Southbank site.
southbanklocalnews.com.au
Site listed by receivers Apr 2026KordaMentha receivers instructed Cushman & Wakefield (with Stonebridge) to market the 7,706 sqm island holding at 118 and 158 City Road, separately or as one lot, after the project vehicle collapsed; the scheme never progressed past planning and sales
theurbandeveloper.com
Receivers market the Southbank site Jun 2026an international expression-of-interest campaign closed with receivers actively marketing the site, while roughly 540 apartment contracts worth about $650M remain held in trust under 10-year sunset clauses.
abc.net.au
Buyer deposits to be refunded Aug 2026receivers KordaMentha and Alvarez & Marsal confirmed off-the-plan purchasers on roughly 540 contracts will get their deposits back, leaving the tower effectively abandoned after the Hanover House parcel sold for about $26M
theurbandeveloper.com
Receivers sell Hanover House parcel Aug 2026KordaMentha sold the 158 City Road (Hanover House) half of the STH BNK holding for about $26M to a private local developer pursuing build-to-rent, while the former BMW site at 118 City Road remains on the market and roughly $57M in buyer deposits stay tied up.
themelburnian.au
Expected opening date TBD
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The outlook for STH BNK by Beulah

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The Melbourne market 29 · Balanced supplySouthbank 7-project pipeline · 2,045 residences and keys · peak Early ’27 Explore the market →
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About the project

STH BNK by Beulah is a twin-tower mixed-use scheme on City Road in Melbourne's Southbank, designed by UNStudio with Cox Architecture and pitched as the tallest building in Australia. Its defining gesture is the Green Spine, a sculptural tower whose twisting form carries planting up its full height to 366 metres, alongside a second tower on the same amalgamated holding. The program was drawn as a vertical city: apartments, a hotel, offices, retail and a substantial band of publicly accessible space, wrapped around the spine. It became one of the most widely published unbuilt Australian towers of its decade, attracting international attention and strong pre-sales. The site is a large double holding on Southbank's southern edge, opposite the arts precinct and within walking distance of the Yarra.

Developer & design
Developer
Beulah
Design
UNStudioCox Architecture
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Common questions

Frequently asked

Where is STH BNK by Beulah located?

STH BNK by Beulah is located in Melbourne.

When will STH BNK by Beulah be built?

STH BNK by Beulah is an announced development that has not yet started construction.

Who is developing STH BNK by Beulah?

Beulah is the developer behind STH BNK by Beulah.

Who designed STH BNK by Beulah?

STH BNK by Beulah was designed by UNStudio, Cox Architecture.

How big is STH BNK by Beulah?

STH BNK by Beulah rises 100 stories with 789 residences and 210 hotel keys.