Two new towers moving to Melbourne
Two new skyscrapers have been approved at an iconic site in Melbourne’s CBD.
A set of twin 79-storey towers have gained development approval for the project at 350 Queen Street, near the historic Queen Victoria Market.
Planning Minister Richard Wynne says the $750 million two-tower project will include almost 1,600 apartments and 8,000 square metres of office and retail space.
The 268-metre development will have an unusual mix of one- to four-bedroom apartments.
“This is quite unique for the central city of Melbourne and it speaks to the change in demographics,” Mr Wynne told reporters.
“No longer do we have couples or downsizers wanting to live in apartments in the CBD, we actually have families who want to live in apartments in the CBD and Docklands as well.”
The Government says it is looking at potential site to build schools in the Docklands area.
Mr Wynne said rejected suggestions would contribute to an alleged apartment glut.
“We do not have an apartment glut and this is a development that is actually catering for families,” he said.
“It speaks, I think, to many families who are using the opportunity of apartment-style dwellings.
“While there is mixed views about an oversupply, we have no evidence to that effect.”