Some addresses become landmarks because of where they stand. Others earn that status through vision. Rising on one of Melbourne’s most prominent riverfront sites, The One belongs firmly in the latter category. With early works now underway, the A$1.5bn development is transforming a site that remained dormant for more than 15 years. Comprising premium residences, an international world class hotel and branded residences as well as exceptional lifestyle amenities, The One is set to become Southbank’s next landmark address.
Positioned at 1 Queens Bridge Street, the development occupies one of Melbourne’s most coveted locations, overlooking the Yarra River and just moments from the CBD. Residents will enjoy convenient access to Crown Entertainment Complex, Flinders Street Station, Southbank Promenade, the National Gallery of Victoria, Arts Centre Melbourne, South Melbourne Market and the Royal Botanic Gardens. Already recognised as Melbourne’s cultural heart, Southbank continues to evolve through significant investment, reinforcing its reputation as one of Australia’s most desirable urban neighbourhoods.
A key driver of this transformation is the No. 1 Arts Precinct, an ambitious revitalisation stretching from Federation Square to Southbank. The arrival of The Fox: NGV Contemporary, the creation of Laak Boorndap garden, the Southgate redevelopment, the Greenline riverfront project and upgrades to Arts Centre Melbourne will further strengthen the precinct’s standing as an international cultural destination, strategically placing art, entertainment and green spaces at residents’ doorsteps.
Designed by acclaimed architecture practice COX, the 71-level tower takes inspiration from the flowing Yarra River, with six sculptural vertical pleats creating a distinctive façade that reflects Melbourne’s ever-changing light. Interiors by Melbourne-based One Design Office (ODO) emphasise warmth, craftsmanship and everyday liveability, while developer PDG contributes more than 40 years of experience delivering premium residential communities.
Hospitality is equally central to the vision. An international world class hotel and branded residences will bring world-class service inspired by Melbourne’s local character, while the heritage-listed Queens Bridge Hotel will be carefully restored as the precinct’s arrival experience, complete with a dramatic atrium, rooftop bar and vibrant public spaces that celebrate history and contemporary design in equal measure.
At ground level, a newly activated laneway will connect Queens Bridge Street with Freshwater Place, introducing curated retail, cafés and outdoor dining that echo Melbourne’s iconic laneway culture. A discreet vehicle drop-off further enhances residents’ arrival, creating a seamless transition from the city’s energy into the privacy of home.
More than 5,500 square metres of resident amenities create what is effectively an urban village in the sky. Level 10 features a swimming pool, spa, gym, yoga and Pilates studio, sauna, steam room, golf simulator, pickleball court, cinema, children’s playroom, co-working spaces, private dining rooms and landscaped outdoor lounges. All residents also can enjoy access to Sky Lounge on level 55, where a piano bar is with Melbourne’s spectacular view. While High-rise residents can enjoy exclusive access to a luxurious wellness centre, with an onsen, cold plunge, treatment rooms and leisure pool deliver a five-star lifestyle above the city.
With prices starting from A$660,000, options range from 1BR, 2BR, 3BR, as well as branded residences from a world class five star hotel, The One will be one of the best riverfront residence available in Melbourne.
Confidence in the project is reinforced by PDG’s proven track record. Prima Tower redefined premium apartment living in Southbank and remains one of the suburb’s most sought-after addresses. Award-winning Abode318 showcased enduring design and liveability, while Gadsden demonstrated the successful integration of heritage architecture with contemporary living. More recently, Indi Southbank at Boyd Village highlighted PDG’s ability to deliver large-scale residential communities with certainty, quality and thoughtful placemaking. Together, these projects provide the foundation for The One—a development that is not simply reshaping Melbourne’s skyline, but redefining the future of luxury city living.
