Green Light for 211m Melbourne Skyscraper

Listed Singaporean developer Hiap Hoe has gained approval from the Victorian Planning Minister to begin construction on the 211-metre project.

Planning Minister, Richard Wynne, made his announcement early this week during a Property Council of Australia conference marking 100 days of the new Labor state government.

Originally purchased in 2013, the approved plans include the construction of two towers rising up to 51 levels above the street and designed to accommodate for more 1000 new retail and residential spaces.

Currently used as a car park and office building, the development has been slated to become a mixed-use village with retail, hotel and apartment space available.

Worth an estimated $240 million, the development sits on a 3,165 sq. site in a prime CBD location in Melbourne.

As his first skyscraper approval for Melbourne’s CBD, Mr Wynne believes the mixed-use development would create a new laneway in Melbourne’s city centre.

“This is an example of how good development in the city can occur,” he said.