CONFIRMED81% CONFIDENCEHappened as dated, per the source[1]: "The dream of Australia's tallest apartment tower is dead in all but name".
- Start
- Aug 14, 202690% CONFIDENCEfrom the source
Australia's Tallest Tower Plan, STH BNK by Beulah, Collapses
Melbourne's planned 366-metre STH BNK by Beulah tower, once set to be Australia's tallest building and a supertall vertical garden, collapsed after its developer defaulted on financing.
- STH BNK by Beulah (formerly Green Spine) planned a 102-storey, 366 m tower that would have been Australia's tallest plus a 59-storey, 251 m tower, designed by UNStudio and Cox with a public botanic garden, at 60 Southbank Boulevard, Melbourne[2]
- The site was assembled from 102-156 City Road (bought December 2017 for $101 million) and 158 City Road (Hanover House, April 2021); the project was approved in 2020 and launched in 2022 as a $2.7 billion project[2][3]
- Costs escalated; by February 2025 the project company BSSPV was in administration after wind-up action by Cox Architecture and UNStudio, with debts over $100 million[2][3]
- In April 2026 the project was formally shelved because financing could not be obtained amid surging construction costs[2]
- More than 80 per cent of the 705 apartments were sold, close to $1 billion; on 14 August 2026 receivers confirmed buyers' deposits will be returned[3]
- The Hanover House site at 158 City Road reportedly sold for $26 million, below the $30 million paid in 2021[3]
References 381% CONFIDENCE
The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.
- [1]90%youtube.com/watch?v=u39z8JZbfWkyoutube.com· Posted Sep 15, 2026· Starts Aug 14, 2026 ✓· 35% of score
Happened as dated, per the source: "The dream of Australia's tallest apartment tower is dead in all but name".
- [2]72%Wikipedia: STH BNK by Beulahen.wikipedia.org· Added Sep 15, 2026· 35% of score
- [3]82%The Urban Developer: Deposits to be Refunded as Beulah's Sth Bnk Collapse Plays Outtheurbandeveloper.com· Published Aug 14, 2026· 31% of score
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