$750 Million Investment To Revitalise Queen Street

Minister for Planning Richard Wynne has approved a $750 million two-tower development on Queen Street, a 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.

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.

The approval includes a condition for both buildings to be set back at least 4.5 metres from the street.

The project will be delivered in two stages to reduce the impact on the surrounding streets and footpaths during construction.

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.

Quotes attributable to Minister for Planning Richard Wynne

“This is a well-designed development that will provide new apartments for our growing city as well as new services to support that population.”

“Population growth around inner Melbourne means another 45,000 homes will be needed by 2031 to accommodate 80,000 people.”

“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.”

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