Minister Planning, Justin Madden today unveiled plans for Docklands' $700 million South East Stadium Precinct (SESP) project.
Mr Madden said the south-east stadium area, to be known as Bourke Junction, was the last piece of land to be contracted in the stadium precinct.
“The south-east stadium project completes VicUrban's long-term vision to transform the Telstra Dome area into a thriving, active precinct better linked to Melbourne's CBD,” Mr Madden said.
The announcement comes a month after the Brumby Government announced plans for the neighbouring $300 million Lacrosse Docklands which will act as a gateway between Latrobe Street and Docklands' north-eastern corner.
“These two multi-million dollar developments will present an entry point into Docklands, enhancing the links to the CBD and breathing new life into this part of town.”
Bourke Junction will also include a new pathway between the Bourke Street pedestrian concourse and the stadium's Gate 5 to improve access to and from Telstra Dome.
VicUrban has entered into a development agreement with a consortium comprising of ISPT, Cbus Property and EPC Partners to develop the south east stadium site.
“Bourke Junction will feature a 29-level tower and a 21-level tower on the north-eastern and south-western corners of the site, as well as three lower-rise buildings housing a 250 room hotel, a pub, medical centre, retail facilities, a business club and a two-level gymnasium,” he said.
Mr Madden said like Lacrosse Docklands, Bourke Junction would also receive the VicUrban Ecologically Sustainable Design (ESD) Award of Merit. It is also registered with the Green Building Council of Australia for Green Star Certification, to try and achieve a 5 Star rating.
Features will include:
“Bourke Junction's sustainable design makes great use of a premium site and I congratulate VicUrban on achieving their vision for Dockland's stadium precinct,” Mr Madden said.
VicUrban CEO Pru Sanderson said banking and insurance giant Suncorp Metway was the first tenant to commit to the site, further cementing Docklands' reputation as a growing financial-services hub.
''Bourke Junction will also serve to better cater for the large crowds attending stadium events as well as further strengthen the diversity of the Docklands wider community and attracting additional workers and visitors,' Ms Sanderson said.
Construction for the south east stadium development is scheduled to begin in the second half of 2008. It will be delivered in stages and is expected to be fully completed in 2012.
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