Construction is commencing for the Australian Broadcasting Corporation's (ABC) impressive new building in Melbourne, which is located a short trip from real estate in Carlton and highlights Melbourne's popularity as a creative hub and business powerhouse.
The first sod was turned on February 17 by Premier Denis Napthine to represent the commencement of the massive construction project in Southbank that is set to generate jobs and boost the profile of the area.
Owners of property in Carlton know how convenient the suburb is in relation to the CBD, Chinatown and cultural linchpins like the National Gallery of Victoria.
The ABC Melbourne Accommodation Project consolidates the company's "metropolitan operations into this one new site at Southbank," noted the Premier.
Dr Napthine pointed out that the development spells good news for growth and employment in the Arts precinct.
With construction totaling $176 million, it's certainly a large-scale commitment. Building the new five-storey building will create 300 full time jobs in Victoria, with indirect benefits expected to amount to $491.5 million.
"This exciting project represents the ABC's long-term commitment to Melbourne," stated Dr Napthine.
The new building will not only be the base for 700 ABC staff members, but will also house the Melbourne Symphony Orchestra. ABC's television, radio, online and digital content will all be integrated at the new location.