The development has been designated Category 2, and is expected to cost $35 million.
The development is expected to include 25 000 sqm2 of office space.
This is not a replacement for CCT3, as CCT3 is located at 12-26 Franklin Street. This building will most likely go for the site across the road from Truscotts. The site is currently occupied by a derelict 5 level white coloured building, and this new tower would be located next to the Telstra Exchange.
