The Montage tower, which will be developed opposite Docklands Park on the as-yet unbuilt Geographe Street, will include 77 apartments over 9 levels, and eight 3-level terraces.
Lend Lease general manager – Victoria, Maurice Cococcia says the project is on schedule to open in mid 2009.
The Montage is the third new residential project to be announced recently in the once-troubled Docklands precinct.
MAB Corporation recently confirmed it would develop a mixed use residential project on the northern banks of Victoria Harbour – appointing boutique architect Plus Architecture to design it. Plus is also also developing the Tooronga Village site in Hawthorn and the Era project in Richmond.
Iraqi-born London-based designer Zaha Hadid also has her eyes on Docklands.
Hadid, 57, was the first woman to win architecture’s most prestigious award, the Pritzker prize, in 2004. She will oversee a $1.5 billion office, residential and retail development set for a massive Collins Street Collins Street, on either side of the Bunjil statue.
Local agents say a wave of office buildings in Docklands has helped turn the apartment market around. As little as three years ago Docklands investors found their apartments unlettable – causing many to sell, losing tens of thousands of dollars on the prices they originally paid.