With joint venture partners St Hilliers and Citta Properties – which was involved in the hugely controversial St Kilda Triangle redevelopment – Australand will build its new project, Lume, around the historic Queen Elizabeth Centre buildings – at the suburb border of Carlton, Carlton North and Parkville.
Lume will include three towers ranging in height from four to six levels around the block bound by Cemetery Road East, Cardigan, Keppell and Swanston streets.
Upon completion Lume will include 148 flats, more than a third of which will be allocated as public housing.
Lume will also include 111 car parks.
The new development comes 18 months after Housing Minister Richard Wynn granted the same consortium permission to replace low-rise commission flats in Carlton, with Viva – a $260 million public housing-based project that, like Lume, private investors could buy into.
Australand is also building a $160 million, 18-hectare public housing based village for the government in Westmeadows, near Melbourne Airport.
Another ambitious commission-flat based project spreads over two suburbs in the south-east: Ashwood and Chadstone, and includes 280 dwellings in six towers.
About 75 per cent of units in that $140 million Ashwood Chadstone Gateway project will be allocated as public housing.