Last week, Development Victoria joined Lendlease and Daiwa House Australia at the official sod turn to mark the start of works at Melbourne Quarter's Build-to-Rent residential project - the final piece of the Melbourne Quarter precinct.
The all-electric 797-build-to-rent apartment building will create much-needed new housing rental options close to the CBD.
“Achieving the scale of change we have seen in Docklands over many years requires the support, commitment, and investment by a range of partners, including the private sector,” said Development Victoria Board Chairperson, Megan Haas.
We value our partnership with Lendlease which has allowed the Victorian Government to facilitate the delivery of the Melbourne Quarter precinct in Docklands.
“This next residential tower in Melbourne will complement the more than 17,000 residents that already live in Docklands, and we congratulate Lendlease for their vision and the delivery of another high-quality development in the precinct,” said Group Head Precincts, Niall Cunningham.
Docklands has a key role to play in supporting housing targets in the Victorian Government’s Housing Statement, with around 7,500 dwellings expected to be delivered over the next decade in the precinct, including a mix of build to sell and Build-to-Rent (BTR).
The BTR model sees developers like Lendlease build multi-unit buildings and instead of selling them individually, retain them to rent to provide Victorian renters with long-term leases in high-quality and well-maintained homes, with social and community benefits.
Melbourne Quarter’s BTR tower will offer a mix of studio, one, two and three bedroom-apartments spanning 45 levels and is the final stage of the Melbourne Quarter precinct which will be home to 14,000 workers and more than 3,800 residents upon completion.
Development Victoria proudly facilitated the development of Melbourne Quarter, as well as many other major projects to revitalise the Docklands precinct, and is excited to see this precinct come to fruition.
Updated on 14 December 2023