LABOR ENCOURAGING DEVELOPMENT, BOOSTING JOBS

More than $2.8 billion worth of development has been approved since the Andrews Labor Government was elected.

Minister for Planning, Richard Wynne, announced the milestone at the site of a new apartment project in the Docklands on Friday. Its construction is worth $190 million.

This takes the construction value of projects approved under the Andrews Government to $2.8 billion in its first six months – putting the Government on track to beat the $4 billion approvals record set in 2014.

This week’s approval is a four-tower Lend Lease project that will include 1064 apartments, plus retail and office space. It will have an end value of $720 million.

Construction is ready to begin and Lend Lease estimates their latest Collins Street project will generate 450 jobs annually over the two-and-a-half year build time and will support another 900 indirect jobs throughout construction.

Mr Wynne said he approved the project because its height and density was well-suited to the thriving Victoria Harbour precinct in Docklands. Surrounding public space will be enhanced with walkways and a park.

Mr Wynne said the project delivered jobs and housing options near the CBD, offering a mix of one, two and three-bedroom apartments.

The City of Melbourne supported the project approval based on the contribution it will make to Melbourne. Quotes attributable to Minister for Planning, Richard Wynne

“This is a job-creating Labor Government which encourages economic growth in the private sector, while boosting industry and services through the billions we’re investing in the infrastructure projects our state needs.

“We’re getting on with approving developments which are well-designed and enhance the city. This is a big development, in the right location, offering a good mix of apartments so more Melburnians can live near their work and services.”

Facts:
Victoria Harbour 839-889 Collins Street, Docklands
• Developer: Lend Lease
• Architect: Koichi Takada
• Includes 1070 apartments built across four towers from 24 to 30 levels
• Average apartment size is 65sqm, smallest is 45sqm.
• Average bedroom apartment is 51sqm
• Average three-bedroom apartment is 106sqm, largest is 140sqm