A 103 metre residential tower by Plus Architecture looks set to become the first building to be completed in Melbourne’s Fisherman Bend Renewal Area, which has plans to accommodate 80,000+ residents in the future.

The 28 storey building named ‘Gravity Tower’ will carry 144 residential apartments, have a rooftop communal area, open air cinema and a ground floor retail space.  Gravity Tower will also fit 77 car spaces in its six-storey podium.

Residents at the 91 Montague Street location will have unfettered views of the city and river, at least for now, as the building will be the only high rise of its size in the area for some time.

It will be located within the “Montague Precinct”, which is one of the four precincts within the 250 hectare Fishermans Bend area that was approved for development in July 2014.

The precinct has been called Australia’s most significant urban renewal project and will link the CBD to Port Phillip Bay and may end up supporting 40,000 new jobs and providing homes for at least 80,000 residents over the next 40 years.