Victoria Minister for Planning Matthew Guy
Australia’s Third-Tallest Skyscraper Is Approved
Victor P Taffa
Planning Minister Matthew Guy has granted a permit with conditions for a $275 Million high-rise tower on the site of the former Queensbridge Hotel at 1-15 Queensbridge Street, Southbank.
The 71-storey (276 metres) residential tower will be Melbourne’s second-tallest building (Eureka 297 metres, Rialto 254 metres) and will comprise 592 apartments as well as ground floor and mezzanine retail space. The project will create more than 800 jobs and will be a major employment boost.
“Southbank is a natural extension of the Melbourne CBD and is an area that is constantly evolving, with architecturally inspiring development forging ahead.” Mr. Guy said.
“The tower will be a stunning addition to Melbourne’s skyline, with an innovative design to reflect its location at a key gateway linking Southbank and the CBD.”
The project will be a major employer, creating 650 construction jobs, 50 jobs in planning and design, 25 jobs in building management, and 80 retail jobs.
The development will include improved pedestrian access from Queensbridge Square to Queensbridge Street with further enhancements to surrounding public space, and will require the developer to make a significant development contribution to Melbourne City Council, including a $300,000 payment for public transport upgrades.
Importantly, a number of stringent conditions are attached to the permit to appropriately respond to Melbourne City Council’s views, including increased setbacks from neighbouring buildings, and access arrangements and ground level amenity that reflect consideration of the public feedback and concerns addressed to the Minister.
A detailed traffic management plan will also need to be approved before construction commences.
“A project of this scale cements Victoria as the premier investment location in Australia.” Mr. Guy said.
“The Victorian Government continues to provide confidence to the development industry, boosting its ability to generate jobs for Victorians in many sectors, including construction.”
“Continuing reform of our planning system to increase opportunity and productivity will maintain this advantage and ensure a strong construction sector.” Mr. Guy said.