Developers have convinced Richard Wynne that a truncated version of Melbourne's controversial "pantscraper" poses little threat to conditions on the southern shores of the Yarra River in the city.

The Victorian Planning Minister has given his approval to a multi-storey development in downtown Melbourne that, in the eyes of some critics, bears a strong resemblance to a pair of high-rise trousers. Following negotiations with developers, Wynne agreed to grant his approval to the proposed development at 447 Collins Street in the…