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Six towers approved for Melbourne

Six towers approved for Melbourne

No Super Tuesday-like announcement in sight but State Planning Minister Matthew Guy has in recent days approved six additional towers throughout inner city Melbourne.

The Australian Financial Review has today reported the approval of three key projects: 888 Collins Street in Docklands, 2 Riverside Quay on Southbank and 499 St Kilda Road.

Additionally Minister Guy announced via twitter that 9 Mackenzie Street, 605 Lonsdale Street and 28-66 Dorcas Street have also been approved.

2 Riverside Quay aside, the five remaining projects are largely residential and represent an additional 2,187 apartments into Melbourne's development pipeline. Of those residential projects approved, Lend Lease's 888 Collins Street and Far East Consortium's The Fifth at 605 Lonsdale Street have already moved to registration and sales.

Recently Mirvac Group snared PriceWaterhouseCoopers as tenant for the forthcoming 20,000 square metre 2 Riverside Quay commercial development, increasing the likelihood that three of the six projects outlined today will advance to construction this financial year.

Details on each project can be viewed by clicking the Urban Melbourne Project Database links below.

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