Lendlease has received ministerial approval to develop a new waterfront residential neighbourhood at Victoria Harbour in Melbourne, Australia.

The new Victoria Harbour neighbourhood will be known as Collins Wharf and consist of an extension of Collins Street to the water’s edge, with more than 25,000m2 of public realm and low rise waterfront SOHOs.

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The complex will also have a health and wellbeing centre, public swimming pool and gym, in addition to nearly 1,500 new residences.

Lendlease Urban Regeneration managing director Mark Menhinnitt said: “The Collins Wharf development will take advantage of Victoria Harbour’s existing retail and public space, including Library at The Dock, Community Hub at The Dock, Knowledge Market and more than 80 dining and entertainment options, while adding diverse new public spaces.

“The design of this precinct offers future residents panoramic views and a world-class public realm that maximises the unique waterfront location.

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"The design of this precinct offers future residents panoramic views and a world-class public realm that maximises the unique waterfront location."

"Once complete, a pedestrian and cyclist promenade will enable people to walk, cycle or run all the way around the 2.5kms of the Victoria Harbour waterfront.

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“Following our consultation with the local community in 2015 and engagement with authorities over the past 18 months, I’m confident that our Collins Wharf vision will present one of Melbourne’s most desirable locations for residents, visitors and local workers to enjoy.”

The project is being designed by Jackson Clements Burrows (JCB) in collaboration with Aspect Oculus.

Residential properties will be delivered in five stages under the plan, and will be situated with the Yarra River to the south and Victoria Harbour to its northern side.