5 Residential Towers Worth $557M to Rise in Melbourne CBD
By Vittorio Hernandez | February 26, 2014 10:56 AM EST
The skyline of Melbourne's central business district will soon change with the addition of five residential towers with over 2,000 apartments worth $557 million.
Victorian Planning Minister Matthew Guy approved on Tuesday the five projects along Collins St, Elizabeth St, Spencer and A'Beckett Streets and Docklands Drive. The buildings are expected to create over 4,000 jobs during the construction phase.
It was the biggest number of residential permits signed in a single day by Mr Guy, who assured the edifices would not destroy Melbourne's heritage appeal. While creating more housing units, it also honours the city's architectural history, the minister said.
Mr Guy disclosed that besides the 5 upcoming residential towers, he also approved recently 80 more buildings on the heritage register in the CBD. "That means we are doing our best as a government to preserve the heritage aspects of central Melbourne while also allowing for the regeneration of older sites for newer towers," he added.
However, the large number of permit approvals in one day alarmed RMIT planning expert Michael Buxton who called Mr Guy "Melbourne's greatest-ever vandal."
In opposing the 5 projects, Mr Burton pointed out that it would not attract middle-income city residents, mostly young and middle-aged people, who want medium-density properties, not small but expensive flats in the CBD.
"They're pulling down Melbourne to satisfy a few rich developers and overseas developers. Matthew Guy is not going to stop until Melbourne is destroyed. It's very serious for Melbourne. Once it's gone, it's gone forever," The Age quoted Mr Burton.
Defending the high-rise edifices which he said would not turn Melbourne into a Hong Kong, the minister said, "People often say to me, why do I keep approving tall buildings? My answer is because we have to optimise the space we have got in our central city area ... it is not infinite."
He added that the 5 projects "sends a signal to investors and to the construction industry that the city is going to go forward and that we have a pipeline for our construction industry."
To contact the editor, e-mail:
Most Popular Slideshows
- Kristen Stewart Moving On With Nicholas Hoult, Jennifer Lawrence Dating Chris Martin – Reports [PHOTOS]
- Kate Middleton Suffocated in Kensington Palace, Queen Elizabeth Reported War With The Duchess [PHOTOS]
- 2014 MTV Video Music Awards: Everything To Know [PHOTOS]
- Chris Martin Dating Reports: Jennifer Lawrence Vs Gwyneth Paltrow [PHOTOS]
Join the Conversation
- Russia Demands Ukraine Release Communications With Doomed Malaysia Airlines MH17, Preliminary Report On Investigations Out This Month
- Ebola Update: Liberian Forces Receive Shoot Orders Against People Trying to Cross from Sierra Leone Border
- Historic First Time: Catholic Pontiff Pope Francis Supports Military Intervention Against ISIS In Iraq
- Chinese Airlines Receives Lawsuit for Rejecting HIV-Positive Passengers
- Travel Alert: Canada Issues Warning Against Chikungunya Disease in Caribbean
- Robin Williams Goodbye Video Hoax: Facebook Users Warned of Celebrity Suicide Exploitation
- US, Canada Labour Activists ‘Block the Boat for Gaza’ Succeed in Blocking Docking of Israeli Ship in California Port
- 4 Killer Android Features Apple Fans Would Love to Get Come the iPhone 6 Release Date
- ISIS Posts Graphic Beheading Video of US Journalist James Foley
- Larger 5.5inch iPhone 6 Variant Will Roll Out in the Market as ‘iPhone 6L’
- Nexus 6 Release Date Dilemma with Motorola Shamu Details Pointing to Better Smartphone and Killer Features
- After James Foley, ISIL Threatens to Behead Another American Journalist Steven Sotloff