The City of Melbourne will this week decide if it supports MAB Corp’s latest residential tower project.
MAB Corporation’s 36-storey residential tower in the Docklands at 473-505 Docklands Drive was referred on to the planning minister Richard Wynne’s office.
The application has now been informally referred back to the City of Melbourne for comment as part of the deliberation and approval process.
It is due to consider it at the Future Melbourne Committee meeting on Tuesday night.
Town planners have recommended that the council support the application, subject to conditions.
Development Victoria owns the site—the total cost of the project is estimated at $160 million.
The site is defined as Lot B and is part of the NewQuay West Development Plan endorsed by the minister in 2018.
The Wood Marsh Architecture-designed plans show 234 units across a gross floor area of 44,393sq m and a height of 118.3m, just shy of the 120m limit.
A seven-level podium will house 365 car parking spaces and 136 bicycle spaces while the rooftop will have a pool, steam room, sauna, barbecue areas and seating areas.
The tower on the 3993sq m site would comprise 42 one, 116 two, 73 three and three four-bedroom apartments.
The planning officers’ recommended conditions include the removal of vertical louvres on part of the podium and some amendments to planned layouts for the apartments.
Part of the open space planned, including Linear Park, will eventually be vested to council.
The council will decide on whether they support the application tomorrow evening.
MAB Corp filed plans for another tower in the NewQuay project earlier this year and has also recently completed the Escala project.
MAB also recently completed Elm & Stone in the same area.
The Buxton brothers who founded the company in 1995 were recently looking for any interested parties who wanted to buy MAB Corporation.
The brothers are fifth-generation property developers—ancestor JR Buxton forming a real estate agency in 1861.
