Docklands is a unique waterfront redevelopment made up of 200 hectares of land, water and waterfront. It is currently in the first stage of a three phase $12 billion project which aims to serve residential, commercial, retail and leisure purposes and activities.
Planning Minister Matthew Guy has recently approved the development of two new commercial buildings, located in Collins and Bourke Streets. “These developments will stimulate continued growth in the Docklands commercial centre and will deliver substantial flow-on benefits to the Victorian economy through new construction activity and new jobs upon completion”.
These two new developments will add an additional 120,000 square metres of office space into Docklands, with development expected to commence in early 2013.
Building Y3, located at 839 Collins Street, is a $170 million, 21 level investment located at Victoria Harbour in the heart of the financial district. Primarily office accommodation, the building will also include premium ground floor retail space.
A mixed-use development and future headquarters for Medibank Private at 706-738 Bourke Street will inject a further $180 million into Docklands and will add to the commercial and retail activity around Etihad Stadium.
“These two developments add significant commercial and retail floor space to Melbourne, create jobs in a central area and are supported by existing infrastructure and transport. This investment reinforces the work the Coalition Government has delivered to secure Docklands as Victoria’s prime location for commercial investment,” My Guy said.
Development on both sites is expected to commence in early 2013.