The first plans for a $300 million residential hotel complex within a proposed billion-dollar revamp of Docklands' Digital Harbour precinct have been lodged.
Private developer Digital Harbour Holdings has finalised plans to build a 37-storey apartment and hotel complex that includes a restaurant and conference facilities.
The Moull Murray-designed building includes a 176-room, 4-star hotel and 323 one and two-bedroom apartments. It will also have five penthouses and five sub-penthouses.
The designs include 255 car spaces and parking for 85 bicycles.
Another low-rise building nearby will house 27 one and two-bedroom apartments.
Multiple residential projects have recently been announced in the Docklands precinct, prompting concerns that developers are struggling to sell stock.
Some have resorted to offering free marina berths, $40,000 furniture packages and stamp duty rebates of up to $45,000 to attract off-the-plan buyers in an increasingly flooded market, it has been reported.
Under Docklands' original master plan Digital Harbour - a now largely vacant block between Dudley and La Trobe streets, Wurundjeri Way and Harbour Esplanade, at the north-west tip of the CBD - was intended to be a $300 million low-rise business park.
But earlier this year it was reported that owner and developer DHH had gained approval to rework the area as a residential village with apartment towers, shops and hotel.
Planning Minister Matthew Guy approved the rezoning of Digital Harbour in mid-2011 to allow for "a broader mix of occupancies to allow for 24/7 activation", it was reported.
The new tower proposed for 238 Harbour Esplanade will sit opposite MAB's The Quays apartment development and have views over Victoria Harbour.
Four low-rise buildings have been completed in Digital Harbour, including 990 and 1010 La Trobe Street, the Innovation Building and Life.Lab.