VICTORIAN Planning Minister Richard Wynne last week announced the approval of Lendlease's $1.2 billion 'Collins Wharf' development at Victoria Harbour in Melbourne's Docklands precinct, which will be delivered over five stages.
The new development will include five towers – each capped at an 85-metre height limit – paving the way for 1,500 new apartments. On completion, Collins Wharf will accommodate 3,500 workers and residents.
Other features of the new neighbourhood include an extension of Collins Street to the water's edge, more than 25,000 square metres of public realm, and a health and wellbeing centre with public swimming pool and gym.
Every home will feature water views, and residences will include a range of one, two and three bedroom apartments, while four-level townhouses will line Collins Street.
The project will include an 'Eco Park', complete with an innovative floating wetland, and a Yarra Walk offering new waterfront access along the river. In total, more than one kilometre of new public waterfront promenades are planned.
Lendlease's Managing Director of Urban Regeneration, Mark Menhinnitt, highlighted the streetscapes and abundant public realm as a defining element of the masterplan that will complement those places already developed and under construction in Victoria Harbour.
"The Collins Wharf development will take advantage of Victoria Harbour's existing retail and public space, including Library at The Dock, Community Hub at The Dock, Knowledge Market and more than 80 dining and entertainment options – while adding diverse new public spaces," he said.
The first stage, No. 2 Collins Wharf (incorporating approximately 320 apartments), is expected to commence construction in 2018 (No. 1 Collins Wharf fits under the existing masterplan and has commenced construction).