Affordable Housing And Hotel On World Trade Centre Site
05 October 2018
Victorian Government:
A new development with
apartments and a
hotel on the former riverside World Trade Centre site will also offer 20
affordable homes offered at 50 per cent below market rents in
perpetuity.
Minister for Planning Richard Wynne will approve an amended planning
permit for the former convention centre site at
7-23 Spencer Street
Docklands.
The striking triple-towered Flinders Bank project will include a St
Regis hotel with 168 rooms, and hundreds of apartments, boosting city
accommodation for residents and tourists.
The inclusion of 20 affordable homes means riverside living will be
available for people on low and middle incomes at below 50 per cent
market rents, for the life of the
building, under an agreement by the
developer.
The Andrews Labor Government recently introduced changes to the Planning
and
Environment Act to support affordable housing agreements between
councils and developers, making it easier for parties to negotiate
agreements to include affordable homes in residential developments such
as this.
This is the first agreement landed since the legislative changes.
The Minister for Planning’s support for an amended planning permit at
7-23 Spencer Street Docklands allows for several additional changes from
earlier plans.
The proposed amendment reduces dwellings from 1060 to 700, while a
public plaza with landscaping, parking and pedestrian crossings has been
introduced on Siddeley Street. Increased overshadowing is considered to
be minimal, taking effect only at the middle of the river, and in the
middle of winter.
A pedestrian link between Flinders and Siddeley Streets has been added
to improve connectivity through the site.
The project is being delivered by
Century Group Aus.
Quotes attributable to Minister for Planning Richard Wynne
“This will provide new apartments for city-dwellers, accommodation for
tourists and affordable homes under our new rules that encourage
provision of affordable housing as a part of new developments.”
“The Docklands are a great place to live, work and visit, and projects
like these are a fantastic way to attract more visitors and families to
live in the area.”
--ENDS--
Source: Victorian Government - www.premier.vic.gov.au
Contact: N/A
External Links: N/A
Recent news by: Victorian Government