A $250 million commercial hub at Toorak village and a three-tower development in Fishermans Bend are two projects forming the latest tranche of “shovel-ready” projects the Victorian government says will help the state’s construction pipeline.
The latest announcement comes as premier Daniel Andrews faces growing pressure to solve the state's coronavirus crisis following national cabinet’s meeting on Friday and Sunday’s release of Victoria's economic recovery roadmap.
In the state’s bid to provide greater clarity on the recovery road forward, planning minister Richard Wynne announced the latest round of new development permits for projects across Victoria’s rural and metropolitan areas touted to be worth a total of $933 million.
Melbourne developer Bill McNee's Vicland is behind the 8-storey commercial hub at Toorak village, granted the latest tick of approval.
The project includes a ground floor supermarket and plans for a retail precinct set to appeal to the area's wealthy residents.
Tim Gurner's 3-tower development spanning a 10,000sq m site at Fishermans Bend, located at 2-28 Montague and 80 Munro Street has also been given the official nod after a three-year planning process. Nearby, a $100 million 36-storey mixed-use tower at 203-205 Normanby Road Southbank is also on the approval list.
Gurner's approved scheme allows for three towers, comprising 38 and 24 levels of residential, along with 15 levels of commercial office, and 24 affordable housing units.
In Dandenong, the list includes two 12-storey apartment buildings, valued at $70 million, at McCrae Street and a social housing development worth $4.6 million at Wilma Avenue.
The list of approved projects also include a 75-megawatt solar farm in the Latrobe Valley announced to be worth $110 million.
Projects in Prahran, Port Melbourne, Geelong and Collingwood were also given the go-ahead in Wednesday’s announcement.
Wynne added that the Building Victoria’s Recovery Taskforce fast-track team will continue for at least the next 12 months.
|8-storey commercial hub||Toorak Village|
|3-tower development||2-28 Montague and 80 Munro Street South Melbourne|
|36-storey mixed-use development||203-205 Normanby Road Southbank|
|Two 12-storey apartment buildings||McCrae Street Dandenong|
|New aged care facility||Greville Street Prahran|
|A 75-megawatt solar farm||Toongabbie in the Latrobe Valley|
|20-storey commercial and retail development||118 Bertie Street, Port Melbourne|
|14-storey residential building||1-3 Hays Place, Geelong|
|12-storey development including a hotel, gym, and offices||81-89 Rupert Street, Collingwood|
|Social Housing development||Wilma Avenue Dandenong|