The $340 million development is a partnership between TFE Hotels and Capital Alliance.
“In the face of the current economic uncertainty, we are thrilled to move into the next phase of this ambitious project,” said Mohan Du, founder and chief executive of Capital Alliance.
“Pearl River is our last blank canvas for Docklands and as such represents a significant milestone, so we wanted to create something truly remarkable and, in collaboration with TFE Hotels, a precinct that fosters a work, rest, play lifestyle.”
“Importantly, this project also prioritises sustainability, world-class lifestyle amenities and provides a premium setting for large scale Melbourne events.”
Designed by local architects and urban designers SJB Group, the dual tower project is expected to be a landmark building offering 360-degree views of the Melbourne skyline. One tower will be a Collection by TFE hotel with 200 rooms while the other will be an A by Adina property with 105 rooms. A pair of escalators attached to the exterior of the building leading four floors up, which developers claim will be the longest escalator in the country, will offer “visual projection technology to take guests on an exciting ride to the conference centre”.
The project has also laid a claim to have Australia’s largest rooftop infinity pool at 35m by 8m. And from that rooftop the hotel will enjoy views back to the CBD and across the Yarra River and Port Phillip Bay.
The mixed-use development will include a day spa, retail and restaurants.
Melbourne trams run around Docklands and for hotel guests it would be a short ride into the city or to Melbourne Convention and Exhibition Centre. Just a short walk away is the 53,000-seat Marvel Stadium, with its operable roof. Even closer is Melbourne’s film studio precinct, with a sixth sound stage opened last year at a cost of $46 million, designed to appeal to Hollywood movie producers with its one million litre pool for underwater filming.
The TFE hotel project is due to commence construction late this year to open by 2026.