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Editions

High hopes for LaTrobe St development site

30 Jun 2015

High hopes for LaTrobe St development site Image

By Alana Beitz

The Millennium Site at 1000 LaTrobe St is expected to draw local and international developers as expressions of interest close this month.

Colliers International has been taking international expressions of interest for the Digital Harbour site, which already has approval for a 23-storey commercial tower.

While the 6000sqm freehold development site has approval for a commercial building, Colliers International agent Trent Hobart said the site offered a prime residential development opportunity.

“Melbourne as a city has a diminishing supply of prime residential development opportunities, with development sites increasingly hemmed in by adjoining buildings.” Mr Hobart said. “Docklands is not as intensively developed on a site-by-site basis, so it is becoming increasingly desirable for residential development.”

Woods Bagot has put residential concept plans forward for The Millennium Site. It is anticipated that a 28-storey apartment tower could be constructed on the site, offering more than 600 new apartments.

The approved height of both plans will transform Digital Harbour’s current mid-rise nature, and will offer uninterrupted views in both the city and waterfront directions.

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