Melbourne could have a new 300 metre high skyrise gracing its skyline if Victorian Planning Minister Matthew Guy signs off on a development application on a site opposite Southern Cross railway station.
According to sources, Singaporean developer
Fragrance Group have met with Mr Guy in a bid to get the 90-level tower approved.
If the building is to go ahead, it will comprise 1,000 apartments and 280 hotel rooms, located on the corner of Spencer and Bourke street.
The one and two-bedroom apartments would range in size from 43 to 71 square metres, on levels 17 to 86.
The planning application, which was lodged last week, described the building as a “slender vertical tower”.
The tower is designed by architects
Elenberg Fraser and a spokesperson from the firm stated that the mammoth height of the building would not be out of character in the surrounding areas.
City watering hole the Savoy Tavern, which has been there since the 1970s, will be demolished if given the go ahead.
Fragrance Group, bought the Spencer and Bourke street corner site for $44.5 million from transport magnate Mark Rowsthorn in June 2014.