New approval for sale

Just four months after receiving approval from Planning Minister Richard Wynne, a 51-story development on Moray St has been put up for sale.

The 178-metre tower, dubbed “Sol Invictus”, was to be developed by Capital Eight Pty Ltd, but has already been given to the agency Colliers and ICR Property Group to try and find a new owner for the site and project.

Located at the corner of 42 Moray St and 11-13 Hancock St, the tower was approved by Mr Wynne after receiving a recommendation by Melbourne City Council at the Future Melbourne Committee meeting on March 21 earlier this year, as reported by Southbank Local News in August.

The proposed tower consists of 287 apartments and around 3000 sqm of employment and commercial space spread over five levels.

The tower is planned to produce a significant portion of its energy needs, as solar panels are proposed to line the sides of the building while wind turbines and a battery storage system are also included.