Genesis Fitness Clubs will open at new Camberwell shopping centre The Well.
The $80 million complex, also with a seven level apartment building, is being developed by First State Super and Andrew Myer.
The Victorian Civil and Administrative Tribunal approved the project, at 793 Burke Road.
It had earlier been rejected by the local council.
The Well contains 42 apartments, 2410 square metres of office area and nearly three times that in retail space.
Coles is the anchor.
The investment is set to open in August.
“Camberwell is a well established area and requires a five star facility,” Genesis chief executive officer Greg Oliver said.
“The city view and ease of onsite parking for our customers make this a prime location”.
The occupier has signed for around 2400 sqm for an initial 10 years.