Investment in the building sector of $200 million for more than 800 new apartments has been brought forward, according to a planning minister
Dubbed ‘city shaping’ developments, planning minister Matthew Guy said the two Melbourne developments in the heart of the CBD capitalise on public transport infrastructure and employment opportunities.
“Private industry investment is testament to the confidence in the Victorian Coalition government’s economic credentials and these two developments demonstrate Melbourne continues to be a prime location for investment,” Mr Guy said.
“The Melbourne CBD provides immediate access to public transport, to Melbourne’s great retail centres and vibrant laneway culture continuing its appeal for a growing residential population."
The developments are located on Elizabeth street and Queen street.
"Continuing reform of our planning system to increase opportunity and productivity will maintain this advantage and ensure a strong construction sector," Mr Guy said.