Victoria

Victorian Planning Minister announces approval of three CBD apartment towers and expansion plans for Casey town centre

VICTORIAN Minister for Planning Richard Wynne last week announced the approval of three CBD apartment towers and a new long-term precinct plan in the south-east.

A $490 million three-tower development at 614-666 Flinders Street has been approved, part of Lendlease's Melbourne Quarter project on Batman Hill.

The project will include 1693 one, two and three-bedroom apartments, retail space and a 1600 square metre public park to be known as Batman's Garden.

Artist's impression of the Melbourne Quarter
Above: Artist's impression of Melbourne Quarter / Lendlease.

In March, Minister for Planning Richard Wynne approved the first stage of Lendlease's Melbourne Quarter, including a new commercial tower and an elevated park to be built over Wurundjeri Way and Collins Street.

The Minister said the project is in keeping with the government's push for quality development and for more homes to be built to keep pace with Victoria's growing population.

The approval comes as new data from the Victorian Building Authority for the 2015-16 financial year shows building permits exceeded $31 billion for the first time.

The major contributors were houses, up 12.5 per cent from the previous year's record total to $16.2 billion, and apartments, which rose 23.7 per cent from 2014-15 to a new record total of $6 billion.

Beyond the CBD, Mr Wynne also approved a 60-hectare expansion plan for the Casey town centre, between Cranbourne and Fountain Gate, Narre Warren.

Once built, the site will accommodate more than 4,100 jobs in office and commercial buildings and be home to about 4200 people in 2000 homes.

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