After four years, SMA Projects was granted permission to develop a hotel on the tracks at Windsor Station.
The Victoria Civil and Administrative Court this week gave the green light to a nine-level proposal at 24-26 and 28 Chapel Street.
The request was submitted after the town of Stonington rejected a 10-story plan in December; with 111 suites and retail on the ground floor, the construction cost of this complex has been estimated at $ 17.6 million.
In 2017, the developer, led by Martin Strode, applied for a permit for a 20-story tower which was denied by both council and court.
No objectors to VCAT
Councilor Mike Scott said the court disagreed with his view that the 10-story proposal was too high, nor that an on-site pickup / drop-off area was missing.
There were no objectors to VCAT, he added (115 locals opposed the project when council reviewed it).
SMA will need to start building in two years and complete by 2026 (story continues below).
The approval comes more than 15 years ago since Vicland replaced the street level of a train underpass at nearby 529 Chapel St with a shopping and office complex.
In 2018, the same builder was granted permission to build another shopping complex on Toorak Road, across from South Yarra Station.
Also about three years ago, Deal Corp was given the green light for a residential complex in the airspace above the Glen Iris railroad tracks.
Last year, VicTrack put up for sale a top-notch CBD site next to the train tracks at the southeast corner of Flinders and Spring streets.
With the potential to divest three large towers, Cbus Property and Mirvac were shortlisted as buyers.
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