More than 6000 jobs will be created as part of a $738 million
dollar development in central Melbourne.
Victorian Planning Minister Matthew Guy has approved five
planning permits for the construction of 11 towers at
The Herald Sun reports it will include one 40-storey tower
with the others about 30-storeys high. It is expected to add
more than 2800 apartments.
Developers will have to pay more than $44 million dollars to
the government in development contributions.
Mr Guy says the development will take pressure off the
"The central city is the right area for high-density urban
renewal," Mr Guy told the newspaper.
"The towers would be mostly apartments with some shops at
ground level, as well as parking. Trees and shrubs would be
planted along the roadside," he said.