Five major planning permits have been approved for Australia’s largest urban renewal area, Fishermans Bend.
The permits, which include the construction of 11 buildings, have been approved by Planning Minister Matthew Guy.
The new buildings are in the Montague precinct and adjacent to the new Melbourne Rail Link underground metro station.
“Fishermans Bend will be a key driver of Melbourne’s liveability over the next decades,” Mr Guy said.
“The central city is the appropriate place for high density urban renewal. We shouldn’t be pushing high-rise projects into quiet suburban streets as happened under Labor’s anything-goes Melbourne 2030 policy.”
The five permits are located at 6-78 and 134-150 Buckhurst Street, 15-87 and 89-103 Gladstone Street, South Melbourne and at 199 Normanby Road, Southbank. All permits are within a few minutes walk of the site of the new underground metro railway station to be built as part of the Melbourne Rail Link.
Mr Guy said two new CBD-style laneways will be created between Gladstone and Buckhurst Streets, through land covered by three of the permits.
“Development of Fishermans Bend will create significant investment, jobs and commercial opportunities right on the doorstep of Melbourne’s CBD.”
“Construction alone will deliver billions of dollars in economic benefits to Victoria over the next 40 years.”
The precinct will ultimately double the size of our central city, boosting Melbourne’s productivity by extending the capital city’s commercial appeal and skilled workforce,” Mr Guy said.
Source: News Release Premier Denis Napthine, 04 September 2014