01/09/2026
PDG Wins Green Light for $1.5bn Southbank Skyscraper
PDG has received Victorian Government planning approval for The One, a landmark $1.5 billion mixed-use development at 1 Queens Bridge Street, Southbank. Set on one of the city’s most exciting riverfront sites, The One will bring together premium apartments, branded residences, a luxury hotel, boutique offices, new hospitality experiences and the restoration of the heritage-listed Queens Bridge Hotel.
Designed by COX in collaboration with ODO and PDG, the tower’s sculptural form is inspired by the movement of the Yarra River and will create a bold new presence on Melbourne’s skyline. More than a development, The One will help revitalise Southbank with more than 5,000 sqm of resident amenity and a major upgrade to Queensbridge Square, creating a new civic, hospitality and lifestyle destination for Melbourne.
PDG is proud to continue bringing property to life through city-shaping projects across Melbourne. Explore latest PDG projects and read the full article:
https://pdg.com.au/news-items/pdg-receives-planning-permit-for-the-one-melbourne-landmark-residence-1-5bn-southbank-tower/
Artist impression.
The One Melbourne Landmark Residence
1 Queens Bridge St, Southbank VIC 3006
Pre-Release Opportunities: https://theone.com.au/