Two proposed residential towers in Melbourne's La Trobe Street have received planning permission from the Victorian Civil and Administrative Tribunal (VCAT) after a four-year process.
The owners of 212-222 La Trobe Street have received approval for 400 apartments across two towers of 39 and 59 storeys. According to conditions on the approval, all apartments will have a minimum net floor area of 50sqm, inclusive of balconies.
The approved scheme was designed by Melbourne-based Jackson Clement Borrows.
Following the approval, the owners of the property have placed the property on the market with Savills.
It's a positive outcome for the owners after a lengthy-four year approval process. The initial design by Simon Greenwood Architects was submitted in 2011 and featured two towers comprising 296 apartments, 100 car park spaces, retail on the ground floor and more than 1,800sqm of office space. One of the City of Melbourne's main objections was the height of the tower at 142m. The State Government later rejected the development.