Six more skyscrapers for Southbank under Malaysian developer's plans
A vast Southbank car park the size of the MCG will be transformed into a citadel of apartments, hotels and commercial office towers under final plans put forward by a Malaysian developer.
The two-hectare block bound by the Westgate Freeway, Kavanagh, Balston and Power streets will have four residential towers (up to 226 metres), a commercial office and multi-storey hotel, if approved by Planning Minister Richard Wynne.
More than 2600 apartments will be built in the complex, along with a 621-room hotel, in a billion-dollar project that listed Malaysian group PD Development Holdings expects to begin work on as soon as permits are granted.
The company has listed construction of a 145-metre strata-titled commercial office tower, supermarket, childcare centre, gym and shops as an early priority.
The city-sized block is the largest undeveloped site in Southbank, a locality south of the Yarra River where at least three similar-sized towers are under construction and another seven skyscrapers have been given planning approval.
The four residential towers, located near the ventilation stack and exit of the City Link road tunnel, will form the final leg of a great wall of skyscrapers hugging the West Gate Freeway along the Southbank's southern boundary.
The developer's plans suggest 17 per cent of the site will be made into public open space.
They also reveal the supermarket and shops will be built partially underground at the base of one of the towers, partly covered by a raised "amphitheatre" garden bed.
Malaysian developer plans massive 6-tower Southbank project
Kuala Lumpur-listed developer PJ Development has lodged one of the largest single development proposals ever put to the state's planning authorities, with a $1.5 billion plan for a 6-tower project in Melbourne's Southbank.
Last June the Malaysian developer paid a record $145 million to acquire a two-hectare city fringe car-park site at 93-119 Kavanagh Street site from interests associated with the Mario Lo Giudice's Banco Group.
The proposal for the site is just as staggering, with six towers clustered around a large open realm, on the south bank of the Yarra River, opposite the CBD.
The plan includes four residential towers comprising 2610 apartments. There is a 621-rooom hotel planned, along with a 52,000 square metre strata office tower.
The towers range in height from 30 levels to 65 levels, with the tallest being 226 metres.
Designed by Cox Architecture, the project includes 3525sq m of open space, along with rooftop gardens and a swimming pool atop one tower.
Controlled by one of Malaysia's richest men, Ong Leong Huat, Pj Development joins a growing list of Malaysian developers getting active in the Melbourne market.