Planning Minister Matthew Guy has granted approval to build a $130 million hotel and residential complex on one of the few remaining undeveloped spots in the northern end of Docklands.
The new project will be part of the Digital Harbour precinct and the 37-level tower will sit on the block of land at 238 Harbour Esplanade, between Harbour Esplanade and Wurundjeri Way.
Title records show the site is still owned by state government entity Places Victoria. But developer Digital Harbour (Holdings) acquired the development rights to the 4.4 hectare precinct more than a decade ago and has been progressively building commercial office projects in the area.
The plans call for a complex of 360 apartments and a 4.5-star, 176-room hotel. The facilities will include a 200-seat restaurant, conference centre, pool, gym and 255 car parking spaces. It has been designed by architects Moull Murray.
Mr Guy said the project was a "huge boost" to the northern end of Docklands. "This proposal will complete the Dudley Street/Harbour Esplanade gateway of Docklands and build on the precinct's services and public spaces in this growing neighbourhood," he said.
It is estimated the project will generate 480 construction jobs and 125 long-term jobs in the hotel and restaurant facilities.