Australia: Developer AsheMorgan has received planning consent for a BTR development in Melbourne’s Docklands which will feature more than 900 apartments over two towers.
The Victorian Department of Transport and Planning cleared the AUS$240 million project for a 9643 square metre site at 24 Little Docklands Drive.
Labelled the nation’s biggest build-to-rent project, it comprises two buildings with retail tenancies on the ground floor and a publicly accessible plaza.
The first tower will be 23 storeys high with 626 apartments, the second 18 storeys with 299 apartments. Both are over the height limits laid out in the council development plan.
The plans also include 138 car parking spaces, eight motorcycle parking spaces and 1760 bicycle storage spaces.
Warren and Mahoney designed the plans for the project. The City of Melbourne’s Future Melbourne Committee voted to support the project in early April.
Melbourne is home to three-quarters of all the completed BTR projects in Australia and has 73 per cent of all BTR apartments. Many of these have been delivered in partnership with government body Development Victoria, which has the remit for managing development within the Docklands area.
“Docklands plays a key role in delivering much-needed housing in Melbourne—with more than 10,000 apartments delivered or under construction, providing new build-to-sell and build-to-rent housing in the centre of Australia’s fastest-growing major city,” said Victoria’s minister for Development Victoria Colin Brooks.
