29 May City of Melbourne gives nod to $500 million West Melbourne waterfront precinct
A new $500 million mixed-use development project on the West Melbourne waterfront has been given planning approval by the City of Melbourne.
Developer Perri Projects has been given approval for the 2.8 hectare industrial site that feeds into both the Hobsons Road and Dynon urban renewal precincts.
An independent planning panel was appointed by the Minister for Planning, Richard Wynne, to consider submissions and make recommendations for the project.
The project is now before the Minister awaiting final sign off before the precinct rezoning is officially gazetted.
The rezoning will allow for a diverse residential and commercial precinct and the revitalisation of 2,000 square metres of waterfront land, currently inaccessible to the public.
Approximately 10,000 square metres of the site will form part of a new public realm, including a new waterfront public park.
The development will also create 800 metres of new bike lanes and includes upgrades to footpaths and lighting to provide safer transport links.
Perri Projects’ managing director, David Scalzo, said the project will aim to set a new benchmark for waterfront living and integrated mixed-use precincts.
“We’re incredibly pleased with the outcome of the recent council meeting. We are proud of this project and the benefits it will deliver for future residents and the wider Kensington and West Melbourne community,” Scalzo said.
“This project has been a decade in the making, working closely with council and key stakeholders every step of the way to ensure key community benefits could be delivered as part of the revitalisation.
“The process has been very collaborative and we are excited to start bringing this vision to life.
“We now look forward to creating a detailed development plan that will transform this underutilised pocket of land into a world-class waterfront precinct and exemplar mixed-use development, consistent with Plan Melbourne and council’s Municipal Strategic Statement.”