The One
The One is a 71-storey residential and hotel tower on a Yarra-side corner of Melbourne's Southbank at One Queens Bridge Street, opposite Flinders Street and a short walk from the CBD across Queens Bridge.
Official Website1-29 Queens Bridge Street, Melbourne. 71 floors, 637 residences and 181 hotel keys. Broke ground April 2026, targeting 2029.
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The One is a 71-storey residential and hotel tower on a Yarra-side corner of Melbourne's Southbank at One Queens Bridge Street, opposite Flinders Street and a short walk from the CBD across Queens Bridge. Designed by Cox Architecture for developer PDG Corporation, the approved scheme places 637 apartments, from one-bedroom homes to penthouses, above a 10-storey podium that holds a 181-key hotel, office space and street-level retail, while retaining the heritage-listed Queens Bridge Hotel on the site and folding the nineteenth-century pub into the new building's base rather than clearing it. The facade is deeply articulated, with recessed terraces cut into the tower form to give apartments sheltered outdoor rooms and break the mass into smaller, more intimate volumes. The podium is programmed with public dining and entertainment, while a private amenity level gives residents wellness and lifestyle facilities including pools, fitness and lounge space. It will rank among the tallest buildings on the south bank of the Yarra, joining the cluster of residential towers reshaping the precinct near Crown and Southbank Promenade.
Frequently asked
Where is The One located?
The One is located in Melbourne.
When will The One be completed?
The One is breaking ground, with completion targeted in 2029 (a TMW estimate).
Who is developing The One?
PDG Corporation, PBS Properties is the developer behind The One.
Who designed The One?
The One was designed by Cox Architecture.
How big is The One?
The One rises 71 stories with 637 residences and 181 hotel keys.
