State Government approves $200 million plan for North Wharf

A NEW $200 million masterplan for Melbourne’s North Wharf — including three towers up to 34 storeys tall — has been approved.

Artist impression of the $200m development for North Wharf.

A NEW $200 million masterplan for Melbourne’s North Wharf has been approved.

Planning Minister Richard Wynne announced the approval for three towers on the site between Siddeley and Spencer streets.

The development will have three apartment buildings between 27 and 34 storeys high, with 1060 apartments, shops 451 car spaces and pocket parks.

Parts of the old convention centre will be removed.

But the 13-storey Crowne Plaza will remain.

Limits on the building heights mean the project will not overshadow the Yarra.

Mr Wynne said he was not concerned about reports of apartment oversupply.

The project will generate 1291 jobs.

“This is a good development in a prime location near Southern Cross station, trams and public space along the Yarra River which will provide more housing at the gateway between the CBD and Docklands,’’ Mr Wynne said.

Mr Wynne said the development had the backing of the city council.

The project, a joint venture between Eureka Funds Management and Asset 1, will mean the demolition of part of the former Melbourne Convention Centre.

Artist impression of the new $200m development between Spencer and Siddeley St.

Artist impression of the North Wharf.

new $200m development for north wharf between spencer and sidderley sts, behind Crowne Plaza