By Nadia Dimattina
Melbourne City Council has voted to support the construction of a new high-rise development on Exhibition St.
Developwer Setia Melbourne is seeking a permit for a 64-level construction at 288-326 Exhibition St with 318 apartments, 500 hotel rooms, office space and ground level retail.
The site is currently occupied by two, three-storey buildings, which form part of the Telstra Exchange site.
Councillors were supportive of the proposal when it came before the Future Melbourne Committee on May 16.
Lord Mayor, Robert Doyle was an enthusiastic supporter of the project.
“What really excites me about this major development is that it gives us a chance to put a real city edge with this iconic building,” he said.
Cr Doyle said there would be $500 million invested in the project creating more than 1000 jobs.
Despite the three objections made by councillors Lepperts, Oke and Watts, the motion was passed.