25–35 Power Street (also referred to as 38 Freshwater Place) is an approved mixed–use skyscraper in the Southbank precinct of Melbourne, Victoria, Australia.

Designed by Docklands–based Metier 3 and developed by M&L Hospitality, the project was proposed in 2014, for a 280.3-metre (920 ft) tall[2] 71–storey residential and hotel skyscraper.

[5][1] The overall exterior design of the building was inspired by a Ball gown "with flowering curves.

"[6][7] The development received approval in April 2015, by Planning Minister Richard Wynne.

If constructed, the A$400 million skyscraper would become the third-tallest building in Melbourne, behind the nearby Eureka Tower and recently completed Australia 108.