Approvals for Vic Harbour

Planning minister Matthew Guy has approved a Victoria Harbour development worth $130 million.

Building Y4 is a nine-level campus style commercial development to be built on Collins St.

“This development is central to the Victoria Harbour Development Plan and will continue to stimulate continued growth in Docklands commercial centre, with significant flow-on benefits to the Victorian economy,” Mr Guy said.

The development will consist predominantly of office space and will feature a central atrium linking Collins St with the Yarra River.

Y4 will be built next to Y3, the 21-storey building approved by Mr Guy in December.

Y3 is a $170 million building consisting predominantly of office space with retail available on the ground floor.