STH BNK BY BEULAH TO BECOME AUSTRALIA’S FIRST ‘5-MINUTE VERTICAL CITY’
A THRIVING MINI-METROPOLIS IN THE HEART OF MELBOURNE
In another exciting milestone for STH BNK By Beulah, the spiralling sculptural towers are set to become Australia’s first five-minute vertical city, exceeding the global urban planning benchmark of 15 minutes.
Research by the Victorian Government identified that 20 minutes is the maximum time people are willing to walk to meet their daily needs locally. In addition, there is overwhelming evidence that active, walkable places produce a wealth of health, social, economic and environmental benefits.
The State Government’s program outlines six key focus areas, with STH BNK By Beulah covering all six areas and more, to create a thriving mini-metropolis in the heart of Melbourne.
The first hallmark is being safe, accessible and well connected for pedestrians and cyclists to optimise active transport. Other hallmarks STH BNK meets include; delivering housing at density, including housing diversity across multiple sizes and price points, as well as facilitating access to quality public transport, with an abundance of trams, trains and buses within reach. The thriving economy hallmark takes shape in the form over 100 shops including a premier retail precinct, fresh food market, world-class entertainment and a global hotel.
According to the government’s pilot program, if 50 per cent of short private vehicle trips were instead made on foot, it would save the Victorian economy approximately $165m a year in congestion, health, infrastructure and environmental costs.
STH BNK will house a comprehensive wellness precinct, a childcare centre, extensive green spaces including rooftop gardens and eight pocket parks dotted throughout, an innovative cultural centre in partnership with Centre Pompidou, over 50,000sqm of commercial office space.