Dorcas St development continues

The owner of a Dorcas St office building located near the Melbourne Metro Rail Project’s new ANZAC Station tunnel, has submitted plans for a new mixed-use development in Southbank.

The Age reported last month investors Han Biao Liu and Jing Li Yang, who purchased the eight-level office building at 10-16 Dorcas St for $37 million in 2017, had submitted redevelopment plans for the site.

They have lodged plans with the City of Melbourne for a new 19,536 sqm building on the site, which includes 36 dwellings on the upper floors, ranging from one- to three-bedroom, a residential hotel with 172 rooms and 2293 sqm of office space.

The news follows a string of new developments along Dorcas St, which include the recently completed Kings Domain and The Evermore twin-tower project, which is currently under construction.

As the border between Southbank and the Domain Precinct, the area continues to attract strong developer interest as it transitions from a commercially-zoned precinct to mixed-use urban renewal.

The City of Port Phillip last year adopted a new masterplan for Domain, which sets out a vision for managing growth in the precinct. With the Melbourne Metro Tunnel to be completed in 2025, the precinct and adjoining Southbank Village will have direct access to the new public transport services •