$2 billion Melbourne Quarter project gets planning approval

Melbourne Quarter, a mixed-used development that will have more than 1,600 homes, has received the Victorian planning minister’s approval. 

The $2 billion project’s first of three towers is coming up at 628 Flinders Street. The 40-level tower will offer views of the city and bay and feature hanging gardens.

The three towers have been designed by Melbourne-based architectural firm, Fender Katsalidis Architects. 

Planning Minister Richard Wynne’s approval marks the next stage for Lendlease on the site’s residential precinct. 

More than half of the 2.5 hectare site has been earmarked for open public spaces including Melbourne’s first elevated Skypark, a neighbourhood park, a public square and retail laneways connecting to the greater CBD area. 

The first building, East Tower, will have one, two and three bedroom apartments. 

Lendlease's managing director for urban regeneration, Mark Menhinnitt, said all residential towers at Melbourne Quarter would target a 5-Star Green Star rating.

“Melbourne Quarter’s competitively priced apartments will provide a range of one, two and three bedroom city residences, with added value in their design features, location and amenity compared to what our CBD competitors are offering,” he said. 

“We are already receiving strong market interest for Melbourne Quarter’s East Tower.” 

Residents of Melbourne Quarter would have access to clubs, swimming pool, gym, library and a lounge.

On completion, its commercial offices are expected to be home to around 10,000 workers.  

The residential display suite is at 691 Collins Street.