The planning controls that deal with the upgrade of the Queen Victoria Market have now been approved by the planning minister.
City of Melbourne will now need to work within a framework that places a mandatory height control of 125 metres on the 'Munro' site which the council bought in 2014 for $74 million.
Planning Minister Richard Wynne said "we’ve given careful consideration to get this amendment right. It’s all about striking a balance between the need for development and rejuvenation and protecting the market’s heritage".
To protect the character of Queen Victoria Market and enable works to begin, the Labor Government has approved new planning controls.
Strict heritage controls protecting the market will be maintained, as will existing height controls over the market sheds and fresh food halls.
The Government has also applied a new mandatory height control of 125 metres on the nearby Munro site to preserve and protect the market.Victorian Government media release
Background reading from March 2017: The Queen Victoria Market renewal: the case for.
David Lock Associates has announced that 42 Moray Street has been approved with 51 levels and 280 apartments.
The building has been designed to act as a landmark, and respond to its prominent location at the gateway to the City of Melbourne through the introduction of a distinct, curvilinear tower form within the existing urban morphology of Southbank.
The building also ‘raises the bar’ within the local existing urban context through exemplary ground floor activation and public realm amenity.
We congratulate all involved in the approval of this project and look forward to seeing construction commence shortly.Brodie Blades, David Lock Associates
The development's approval will also inject 3000 square metres of employment space in Southbank.
Background reading from August 2016: C270 on show: the case studies of 42 Moray Street and 130 Little Collins Street