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Owners Corporation Law

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Letters

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Controversial tower on the market

08 Apr 2016

Controversial tower on the market Image

In an approval that was slammed by Lord Mayor Robert Doyle in 2013, the slender 74-storey Elysium tower site has been put on the market by its developer.

The 54-56 Clarke St site, which currently holds an approved permit for the mega tower, was put up for sale by developer Matrix and Cube last month.

The proposed tower was slammed by residents of neighbouring towers as well as the City of Melbourne after it was approved by former planning minister Matthew Guy. The council took Mr Guy to VCAT over the approval.

While Mr Guy hailed it as a “revolutionary change for the way that we design buildings in Melbourne,” the Lord Mayor labeled the approval as “bad strategic planning”.

Designed by BKK Architects, the 244-metre tower will comprise 270 apartments.

While the development is currently listed with two different real estate companies, the project still has its own website, which allows parties to register interest.

An expression of interest campaign for the site’s sale is expected to run until April 11.

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