New Development For Spring Street

New Development For Spring Street

Victoria Minister for Planning Matthew Guy

$200 Million Spring In Melbourne’s Step

Victor P Taffa

An exciting new addition to the southern end of Spring Street will bring new jobs and investment following Planning Minister Matthew Guy’s approval of a significant new residential building.

Standing approximately 166 metres high and facing the picturesque Treasury Gardens, the $200 Million, 42-storey development designed by Bates Smart Architects will provide for 180 apartments as well as a ground floor restaurant and car parking for up to 306 cars.

“The employment generated by the development will be a boon for Victoria with up to 600 full time jobs on-site and a further 200 off-site jobs in the manufacturing, building supply, delivery and design industries.” Mr. Guy said.

“The development’s high quality design continues to ensure that Melbourne’s skyline is developed in a manner that reinforces its reputation as an internationally renowned city.”

“Appropriate setbacks, which increase incrementally as the tower rises, recognise and respond to the need for neighbouring buildings’ access to sunlight and space.” Mr. Guy said.

“This is a great building in a great place in a great city.”

The development has received the support of the City of Melbourne, the Office of the Victorian Government Architect and the Department of Planning and Community Development.

Conditions on the permit will ensure additional requirements by the proponent to upgrade the public realm in the area by providing public art works in Howitt Lane and to widen the footpath to Flinders Lane at its intersection with Spring Street.