Docklands Getting Bigger

Docklands Getting Bigger

Victoria Minister for Planning Matthew Guy

Minister Approves $130 Million Docklands development

Victor P Taffa

Planning Minister Matthew Guy has granted a permit for the development of a $130 Million, 19 storey office tower and retail space for Collins Square, Docklands.

Collins Street has extended into the Docklands and continues to be a drawcard for high quality commercial development. This recent approval recognises the ongoing growth of the Melbourne CBD.

The 19 storey (90 metre) building will be home to the globally recognised financial services group Marsh Mercer and comprise almost 40,000 sqm of floor space including ground floor retail uses with a Collins Street frontage.

“The proposed development provides for important commercial floor space in Melbourne and creates jobs in a central location area supported by existing infrastructure and transport.” Mr. Guy said.

“Melbourne is a city that prides itself on developments that create walkable, vibrant environments.” Mr. Guy said.

The building is part of the Collins Square development, a 180,000 sqm Docklands area bounded by Collins Street, Aurora Lane, Flinders Street and Batman’s Hill Drive.

“The Bates Smart-designed building will fill a void in the Collins Street frontage and Collins Square embraces the Melbourne ideal of creating through links and laneways between developments.”

Mr Guy said the total Collins Square project had an estimated development cost of $1 Billion and was expected to generate approximately 1,500 construction industry jobs over the life of the project.

“This project will deliver substantial flow-on benefits to the Victorian economy through new construction activity and new jobs upon completion.” Mr. Guy said.

The Collins Square Outline Development Plan allows for 10,929 sqm of retail space, 176,651 sqm of commercial space and parking for 648 cars.

“I want to commend the way the City of Melbourne, the Planning Department and my office worked together on this proposal; yet another example of the constructive approach the City and the State Government are taking on Melbourne’s future.” Mr. Guy said.