Melbourne developer 3L Alliance this week received the go-ahead from Minister for Planning Richard Wynne to start construction on one of the largest projects ever launched in Melbourne’s CBD. Located at 350 Queen Street, the $750 million twin-tower project named Queens Place will form part of Melbourne’s CBD undergoing transformation through new development.
The two 79-storey towers will include almost 1600 apartments, 8000 square metres of office and retail space, 554 car spaces, 603 bike spaces, a new childcare centre, a gym and a supermarket.
Photo: COX & FKA
The development includes a mix of one, two, three and four-bedroom apartments, reflecting the growing demand for larger inner-city places to accommodate families. Commenting on the population growth around inner Melbourne, Planning Minister Richard Wynne said another 45,000 homes will be needed by 2031 to cater for 80,000 people.
"This is quite unique for the central city of Melbourne and it speaks to the change in demographics," says Planning Minister Richard Wynne.
"No longer do we have couples or downsizers wanting to live in apartments in the CBD, we actually have families who want to live in apartments in the CBD and Docklands as well."
“This is a well-designed development that will provide new apartments for our growing city as well as new services to support that population.”
“Good design that responds to the streetscape and provides for good amenity is critical and I’m pleased to clear the way for this project to proceed.”
The design responds to the Andrews Labor Government’s push for a higher standard of development which encourages well-designed apartments and buildings which contribute to the streetscape. The approval was supported by the Department of Environment, Land, Water and Planning and the City of Melbourne.
Photo: COX & FKA
Interested in more photos of the 350 Queen Street planning application? Check out Urban Melbourne.
Melbourne's reputation as the skyscraper capital of Australia may be challenged in the near future with five landmark projects proposed for development in Brisbane. Check out our recent blog post, 5 behemoth Brisbane CBD projects that will keep commercial developers busy in 2016, to learn more.
Until very recently, years of lax controls allowed Melbourne – fuelled by local and overseas capital – to build apartments with four times the maximum density allowed in high-rise capitals like Hong Kong, New York and Tokyo. However, in early September, the state government imposed limits on the desnity of buildings developers can put on sites. It also made Melbourne's discretionary height limits mandatory. So how have Melbourne's developers adjusted? Many have made the switch to develop hotels, rather than residential towers.
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OSK Property has appointed Multiplex to deliver Stage One of the multi-billion dollar Melbourne Square development, which is set to become one of Melbourne’s largest mixed-use precincts.
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