The development that will rock Melbourne’s waterfront world is now locked into its extravagant 700 million dollar plan to reinvigorate the Docklands precinct.
Melbourne’s newest suburb will receive an expensive makeover set to reveal a new-age redevelopment comprising of four new apartment buildings and a 150-room international hotel amid scenic parklands and harbour views.
In a matter of hitting two birds with one stone, Victorian premier John Brumby is proud to announce that the New Quay Parkland Precinct will generate more than 5,000 jobs over the next eight years.
“Already more than 12,000 people are coming to work at the Docklands every day and by 2020, it will be twice the size of the CBD with as many as 40,000 people working there,” Mr Brumby said.
With stage one of the development well underway, the fringe of Victoria’s prominent harbourside is making the steady transition from a construction site to a vibrant growing community. It will provide 1,000 new homes for a whopping 2,500 Melbourne residents.
As the hype continues to build and the development enters into phase two, it is understood that actual construction of the monumental project will begin towards the end of 2012 and is expected to be completed by 2018.
Article – Katie Taylor