Southbank, Melbourne’s iconic waterfront location, continues its skyscraper trend with the approval of a 193-metre residential tower.

Last week, Minister for Planning Matthew Guy approved the 61-storey tower, which will be located at 256-260 City Road and will join a list of approved and proposed skyscrapers in the area. The project calls for a $120 million complex combining residential, retail and hospitality to support the growing Southbank…