An application to build a 58-storey skyscraper at 57-63 Exhibition St has been supported by the City of Melbourne.
Concern loomed over the potential overshadowing on Birrarung Marr, the north bank of the Yarra River, in the original application in August 2014, which initially proposed a 220m skyscraper.
Developers Salta Properties and Asia One recently lowered the proposed height to 203m, but the City of Melbourne requested it to be further reduced to 183m.
The revised height would reduce, although not eliminate, the area of overshadowing on Birrarung Marr.
An update on the podium design will help integrate it with the appearance of adjacent heritage buildings, including the B-graded former Kelvin Hall and Harley House.
The latest plan also features a new public laneway that will connect Strachan Lane and Chester Lane.
The current 13-storey ASF House on the 894sqm site will be demolished and replaced with the skyscraper with a total floor area of 37,688sqm.
At the July 4 Future Melbourne Committee meeting, councillors supported the updated proposal unanimously.
“This is the part of the city where we really do want to see the best in terms of what the city can produce and, in that respect, this development proposal has a lot to like about it,” council’s planning portfolio chair, Cr Nicholas Reece, said.
The proposal will now be sent to the Planning Minister for consideration.
If approved, the $225 million high-rise tower will add a residential hotel and 119 apartments to the premium corner of Exhibition and Collins streets in the eastern CBD.