A new Civic Precinct for the people of Geelong at 137 Mercer Street.
The City and Quintessential Equity are partnering in a $200 million investment, with construction of the new Civic Precinct to create nearly 900 local jobs. An estimated 43 per cent of construction costs will be sourced locally.
The City is delivering the Civic Precinct without any increased cost to the ratepayer. In fact, once environmental and workplace efficiencies, increased rental returns, additional commercial rates and a reduced interest rate are factored in, the project will generate positive cashflow of $1.2 million per year, while still future-proofing the organisation’s workplace needs for the next two decades.
The multi-building design of the new Civic Precinct includes a second commercial building to be funded completely by Quintessential Equity, creating sustainably designed, PCA A-Grade office space for an additional 900 full-time workers in central Geelong.
With 48 per cent of the site dedicated to accessible public space as well as co-working spaces and retail and food tenancies, this vibrant and
thriving precinct will provide direct connections to Johnstone Park and pedestrian access through to Bayley Street.
The precinct will feature end-of-trip facilities to encourage active modes of transport such as walking and cycling.
Find out more about the Civic Precinct.