Singapore developer Fragrance Group has been given the green light to build a 68-storey tower in the Melbourne CBD.
The project was approved by the Victorian Planning Minister Richard Wynne, but only after Fragrance Group had slashed the height of the tower from 294m to 226m.
Designed by architecture firm Elenberg Fraser, the mixed-use Fragrance Tower will feature a twisting, undulating facade.
It will be located at 134-160 Spencer Street Melbourne, the site of Savoy Tavern (the pub will remain open until after the end of the year when it will be demolished) .
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The property will comprise 160 hotel suites and 660 apartments, with a mix of one, two and three-bedroom apartments. The smallest apartment will be 41sqm.
The original planning application had also included a retail space, a gym, restaurant and offices.
The Fragrance Group is owned by Koh Wee Meng.
Image via Urban Melbourne