Tall & Urban News

Golden Age Group’s plans for a 21-story tower in the Queen Victoria Markets precinct have been approved by the Victorian government. The “Block B“” site is a corner block at 132-146 Franklin Street and 432-450 Queen Street opposite the Queen Victoria Market car park and just south of Mirvac’s Liv Munro build-to-rent project.  

The Block B group of properties was a later addition to the AU$250-million (US$173 million) master plan for the Queen Victoria Market Precinct redevelopment. Earlier this year the state government approved development heights of up to 40 meters for the podium and 50 meters for a tower in the precinct plan’s second stage at 132-146 Franklin Street. 

The approval means Golden Age can now design and submit plans for the tower in the second stage. In June 2021, both the Block B precinct plan and the development application for the first stage at 432-450 Queen Street were considered concurrently by the City of Melbourne and approved for referral to the minister. The first stage, at 432-450 Queen Street, has height limits of 67 meters with a AU$47-million (US$32-million), 21-story tower comprising 129 apartments and designed by Bates Smart Architects planned. The first stage sits on 0.1 hectares of the parcel. Construction is scheduled to start in the first quarter of 2023. 

For more on this story, go to The Urban Developer.