800 new apartments for CBD brought forward
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.
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“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.
