VICTORIAN Planning Minister Matthew Guy this week granted a permit for the development of a $130 million, 19 storey office tower and retail space for Collins Square, Docklands.
The 19 storey (90 metre) building will be home to financial services group Marsh Mercer and comprise almost 40,000 square metres of floor space including ground floor retail uses with a Collins Street frontage.
"The proposed development provides for important commercial floorspace in Melbourne and creates jobs in a central location area supported by existing infrastructure and transport," Mr Guy said.
"The Bates Smart-designed building will fill a void in the Collins Street frontage and Collins Square embraces the Melbourne ideal of creating through links and laneways between developments," the Minister said.
The building is part of the Collins Square development, a 180,000 square metre Docklands area bounded by Collins Street, Aurora Lane, Flinders Street and Batman's Hill Drive.
Mr Guy said the total Collins Square project had an estimated development cost of $1 billion and was expected to generate approximately 1,500 construction industry jobs over the life of the project.
The Collins Square Outline Development Plan allows for 10,929 square metres of retail space, 176,651 square metres of commercial space and parking for 648 cars.