Business
Grocon faces insolvency as work grinds to halt on hip inner-city office site – Sydney Morning Herald
Developer Grocon, struggling with a legal stoush over its Barangaroo project, has ceased work on its only Melbourne project.
But workers have not been seen on the site for months, according to construction staff on other nearby high-rise projects and other industry sources.
Subcontractors removed tools and equipment over previous weeks, they said. When visited by The Age and The Sydney Morning Herald midweek, the construction site was empty and locked up.
Most of the building’s external fabric appears complete.
The hip, John Wardle-designed structure sits in a development-heavy pocket of Collingwood alongside multiple…
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