This article is from the Australian Property Journal archive
LENDLEASE has received approval for the Victorian government for the first stage of the $1.9 billion Melbourne Quarter development on Batman Hill, opposite Southern Cross Station.
The approval is for a 19-level commercial tower of more than 30,000 sqm of office space, 177 car spaces and 210 bike spaces, designed by Denton Corker Marshall.
The approval also includes a 2,000 sqm elevated park to be built over part of Wurundjeri Way and Collins St, which is expected to be complete in 2018.
Subject to future approvals, the project will include seven commercial and apartment buildings, covering 2.5ha to be delivered over the next decade.
The residential component will comprise approximately 1,700 apartments in three towers located on Flinders St.
Planning Minister Richard Wynne said the project capitalises on the strong demand for A-grade office space and large floor plates in Melbourne’s CBD, and makes good use of an under-used inner city space.
“Lendlease has been pivotal in developing the long-term commercial and residential vision for Docklands which is adding to the sense of community this area was originally missing.
“This project adds greatly to the public realm, I enthusiastically support projects which contribute to the surrounding streetscape and create places where people want to live and work,” Wynne said.
“We are absolutely thrilled to deliver this project in collaboration with state and local government, and in doing so, create a unique, memorable experience for the people of Melbourne,” Lendlease’s urban regeneration managing director Jonathan Emery said.
“With more than half of Melbourne Quarter dedicated to open space, everyone will be able to enjoy a high quality public domain with a focus on rich greenery and landscape as well as a vibrant retail and food and beverage offering that will rival the best of Melbourne’s CBD,” he added.
“The vision we have for Melbourne Quarter is to use the scale and topography of the site, to develop something unique, a showcase interpretation that propels this uniquely accessible location to its rightful place in the new economic heart of the world’s most liveable city,” Emery said.
The $1.9 billion Melbourne Quarter will generate approximately 15,000 construction jobs over the life of the project. On completion, it is expected to be home to 10,000 workers and 3,000 residents.
Australian Property Journal
