Green light for new towers

Docklands’ population is set to grow, with the approval of all three of Melbourne Quarter’s residential towers last month.

It’s anticipated Melbourne Quarter will become home to 3000 residents, with 1690 new homes to be built across the three new towers.

Planning Minister Richard Wynne approved the residential buildings last month, alongside retail space and a 1600 sqm public park to be known as Batman’s Garden.

It’s the second phase of approvals for Lendlease’s Melbourne Quarter, with Mr Wynne approving a commercial building and elevated park above Wurundjeri Way and Collins St in March.

“Victoria recorded a new $22.2 billion high in the last financial year for house and apartment approvals – which have almost doubled in less than a decade – and that’s a trend we want to see continue,” Mr Wynne said.

“Population growth is great for our economy but we need to properly plan for more people so Melbourne’s liveability isn’t threatened, which is why we’re making sure long-term plans are in place so people can live close to their work.”

The Melbourne Quarter precinct will close the gap between Collins Square and The Age building at the corner of Collins and Flinders streets.

The first residential building, East Tower, will be located at 628 Flinders St and the 40-storey development will feature hanging gardens climbing the height of the building.

According to Lendlease’s managing director for urban regeneration Mark Menhinnit, residents will have access to “Club MQ”, featuring three-storeys of facilities including a 25-metre swimming pool, spa, steam room, sauna, gym, yoga rooms, private dining space and a resident’s library and lounge.

Mr Menhinnit said Melbourne Quarter had already become one of Melbourne’s most anticipated residential addresses.

“Melbourne Quarter, with its residential neighbourhood next to a thriving commercial district, offers the opportunity to live next to work, which is increasingly appealing for young professional owner occupiers and investors with a keen eye on the leasing market,” Mr Menhinnit said.