Plans for a $40 million high-rise with 164 apartments has been given the stamp of approval.
The 15-level building, to be called The Principal, is located at 67-73 Flemington Road, North Melbourne and will feature 162 apartments with one, two and three bedroom configurations, plus two penthouses.
There will also be 115 car park spaces and 100 bicycle spaces in the building.
The property is being developed by Obiter Investments Pty Ltd, designed by David Watson Architects and driven by Oliver Hume Property Funds.
Image courtesy of David Watson Architects