VICTORIAN Planning Minister Matthew Guy has approved the development of a $400 million, 15-storey office building at Melbourne's Docklands to house the operations of the National Australia Bank (NAB).
The development, at 700 Bourke Street and adjacent to Southern Cross Station and Etihad Stadium, will feature 64,000 square metres of floor area including a childcare centre, concourse level retail, a public auditorium and accessible public throughways.
"The development will contribute to the diversity and vitality of Melbourne by responding to the ongoing demands for high-quality office space within Melbourne's CBD," Mr Guy said.
"This decision has been made through a cooperative approach with the Melbourne City Council, VicUrban, Office of the Victoria Government Architect and the Department of Planning."
Mr Guy said the development, on a unique triangle-shaped site, will provide a distinctive building design of high architectural quality and create a gateway connecting Docklands with Southern Cross Station and the city.
"It will be an iconic building that identifies the start of Docklands and incorporate high-quality public and retail spaces reinforcing Docklands as a key business location," Mr Guy said.
CBus Property is expected to complete the development in mid-2013.