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Editions

Fishermans Bend off to a flying start

02 Oct 2014

Fishermans Bend off to a flying start Image

Planning Minister Matthew Guy has given the green light to five major planning permits for Docklands’ newest neighbour, Fishermans Bend.

Mr Guy approved the construction of 11 towers which will be located in the Montague precinct, adjacent to a new Melbourne Rail Link underground metro station.

The $738 million investment will provide 2800 new homes and is expected to create up to 6000 jobs over the course of construction.

Mr Guy said the inner-city renewal project was a major boost to both Melbourne and Victoria’s economies.

“Fishermans Bend will be a key driver of Melbourne’s liveability over the next decades,” he said.

“Development 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 five permits relate to four sites on Buckhurst and Gladstone streets in South Melbourne, and a 40-storey tower at Normanby Rd in Southbank.

Four of the six towers to be built on Buckhurst St will be between 27 to 30-storeys, while another four towers on Gladstone St will each top out at 30 storeys.

The project also includes plans for two new CBD-style laneways between Gladstone and Buckhurst streets through land covered by three of the permits.

Construction is expected to get underway later this year.

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