The serviced apartment property, located at 23-33 Lonsdale, Street will undergo a multi-million-dollar refurbishment aimed at delivering more space, style, and flexibility for the modern corporate traveller, before relaunching as Urban Rest Melbourne CBD in early 2026.
“This project represents a massive milestone in our expansion strategy,” said Urban Rest Founder and CEO, David Whelan.
“Urban Rest Melbourne CBD isn’t just about scale, it’s about setting a new benchmark for premium, digitally enabled corporate accommodation in one of the most dynamic cities in the world.”
Each apartment will feature a fully equipped kitchen and laundry, with space to work and relax. Onsite amenities will include a Peloton gym, residents lounge, and co-working space.
With existing properties in Sydney, Auckland, London and Dublin, Urban Rest is eager to capitalise on Melbourne’s strength as a key corporate hub, with high demand across professional services, creative industries and major infrastructure projects.
“We’re seeing a clear shift in what today’s business travellers value – space, flexibility and effortless service,” said Urban Rest Chief Commercial Officer, Jeff Baars.
“Urban Rest Melbourne CBD is a step forward in delivering that vision, and it reflects our commitment to reshaping the extended stay experience not just in Australia, but globally.”