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Development is booming

31 May 2016

Development is booming Image

Docklanders are again experiencing a surge of development.

Places Victoria reports that there are currently 13 projects under construction with a combined development value in excess of $2.5 billion.

Key development projects include:

  • 883 Collins St, 889 Collins St, and 888 Collins St – Lendlease residential developments under construction;
  • CW1 – Lendlease has lodged a planning permit for a residential tower and it is being considered by the Minister for Planning;
  • Melbourne Quarter – between CBD and Docklands. A permit for first commercial site fronting Collins St was approved by the Minister on March 1.  Construction is anticipated to start in mid-2016. Planning applications for further commercial and residential stages are under consideration;
  • The Collins Wharf Development Plan has been lodged by Lendlease and is being considered by the Minister;
  • Collins Square – five commercial towers on Collins Street by Walker Corporation. Two are completed, three are under construction;
  • The NewQuay West Development Plan has been lodged by MAB Corporation and is being considered by the Minister;
  • NewQuay – more than 1000 apartments are currently under construction across four residential towers being Promenade, Aqui, Marina Tower and Banksia. Works have started on the 5000sqm NewQuay Central Urban Park, to be delivered with the Banksia tower and construction is expected to be completed in December 2017.  The Four Points by Sheraton Hotel is also under construction; and
  • Forge Apartments and Wharfside Residences/Cargo Homes in Mirvac’s Wharf’s Entrance precinct are under construction.
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