Caydon has substantially reworked the masterplan for its $1 billion redevelopment of the historic Nylex site overlooking the Yarra River, adding a 206-room hotel and a second office building.

Originally envisioned as a predominantly residential village with up to 1000 apartments across multiple buildings, the 1.4 hectare Cremorne site in inner-city Melbourne will now have just one 200-unit apartment building alongside two office towers, a hotel and a mix of retail, office suites and hospitality offerings.