Travel entrepreneur Andrew Burnes has lodged an application to develop a $115 million, 40-storey mixed-use complex in the Fishermans Bend urban renewal precinct at South Melbourne.
The site, at 179 Normanby Road, South Melbourne, is currently the national headquarters of AOT Group; the travel company Mr Burnes sold last year to Helloworld.
The Australian Financial Review reported Mr Burnes and his wife acquired the site in 2012 for $7.04 million.
The proposal, designed by architects peckvonhartel, for the site includes 318 apartments, 4145 square metres of office space and 441sq m of retail space. The proposal retains the existing five-storey Laconia building, a rare and historically significant textile mill, still intact and built in 1904.
The proposed residential tower is set back from Normanby Road, with nine levels of car parking at the rear.
Fishermans Bend is Australia’s largest urban renewal project covering approximately 455 hectares in the heart of Melbourne.
It will consist of five precincts across two municipalities – the City of Melbourne and the City of Port Phillip – and connect Melbourne CBD to the bay.
It is expected that by 2050, it will be home to approximately 80,000 residents and provide employment for up to 60,000 people.