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Melbourne’s Southbank to get $1.5b high-rise with nearly 500 apartments

Nick Lenaghan
Nick LenaghanProperty editor
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A $1.5 billion apartment tower has been proposed for one of central Melbourne’s most prominent sites, opposite Crown Casino, in a much-needed boost to the city’s lacklustre development prospects.

Developer PDG, led by Vince Giuliano, is behind the proposal for the landmark building on the Yarra’s southern bank overlooking the CBD. It has just lodged plans for a 67-storey tower.

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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
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    Original URL: https://www.afr.com/property/residential/melbourne-s-southbank-to-get-1-5b-high-rise-with-nearly-500-apartments-20250325-p5lmib