Planning Minister Richard Wynne won't extend the planning permit for the Windsor Hotel. Credit:Jason South

Melbourne's historic Windsor Hotel was supposed to be completely redeveloped by early next year, bolstered by a 92 metre high-rise tower, but after a decade of delays, Planning Minister Richard Wynne has called time's up on the ambitious overhaul.

Mr Wynne on Friday refused the application from The Halim Group, which owns the 136-year-old hotel, to extend their planning permit by another four years.

Approval for the $330 million redevelopment was granted a decade ago. But no construction work has been carried out to date on the 26-level project.

Mr Wynne said the Halim Group wanted to extend their permit until August 2023, which would have dragged the process out for 13 years.