Developer Gets Nod To Build Melbourne Tower

Developer Gets Nod To Build Melbourne Tower

AUSTRALIA – Hong Kong-born developer Jimmy Pak Chung Wong’s company Claric Ninety Nine Pty Ltd has received approval to build a mixed-use commercial building with office space situated in Melbourne’s Fishermans Bend precinct, reported The Urban Developer on Thursday (17 March, SGT).

Costing A$150-million, the 164m will be located at 13-33 Hartley Street and was designed by MGS Architects. The 50-storey structure will consist of 370 apartments, 46,608 sq ft of office space and 3,014 sq ft of retail premises.

However, the developer will be required to amend the commercial property’s podium, façade, and open spaces.

Notably, the Fishermans Bend precinct in Melbourne is the biggest urban renewal project in the state of Victoria as it spans 480 hectares. It is strategically situated between Yarra River, Port Melbourne, and the bay. It also straddles 2 municipalities, namely the City of Melbourne & the City of Port Melbourne.

Claric Ninety-Nine’s upcoming commercial development underwent a raft of planning processes. These include the guidelines for the Fishermans Bend Urban Renewal Infrastructure Contributions Schedule Overlay, the Design and Development Schedule 67 Fishermans Bend Lorimer Precinct Overlay, and the City of Melbourne’s Schedule 4 Fishermans Bend Urban Renewal Area overlay.

According to Melbourne’s Deputy Mayor Nicholas Reece, the stringency of the review and oversight was necessary.

“There has been a tremendous amount of work that has been done from a planning scheme perspective around Fishermans Bend.”

“I think we at the City of Melbourne and in the Victorian government understand the importance of getting Fishermans Bend right,” he added.

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