CWN) weighs ‘next steps’ as plans for One Queensbridge Tower thrown into doubt


James Packer-backed casino giant Crown Resorts has been forced to rethink plans for a site in Melbourne’s Southbank where it hoped to build Australia’s tallest skyscraper, after the Andrews government knocked back its bid for more time.

In a blow to its long-held ambitions, Crown told investors on Monday the Victorian Planning Minister informally rejected the request to alter approvals given two years ago to Crown and its joint-venture partner, Schiavello Group, for the $1.75 billion, 90-storey project One Queensbridge Tower.

Crown will now look at its options for the project, which would top Q1 in Surfers Paradise as Australia’s tallest building.

Located opposite from the casino, One Queensbridge was to be 323 metres high – 26 metres taller than Eureka Tower, and would top Q1 in Surfers Paradise as Australia’s tallest building. Crown recently submitted a bid to extend the construction start date from March 2.

Crown has consistently said the project was subject to obtaining financial arrangements that were “satisfactory to Crown and Schiavello”.



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