This article is from the Australian Property Journal archive
THE Allan government has given the green light to the next stage of the Queen Victoria Market revitalisation plans, the $1.7 billion mixed-use development, in partnership with Lendlease, Scape and the City of Melbourne.
Announced last year, the Gurrowa Place project is a partnership between Lendlease and the City of Melbourne will see around 560 build-to-rent apartments including 15% dedicated to affordable housing.
Additionally, student housing provider Scape will also deliver a further 1,100 beds for university students.
The redevelopment will establish Market Square, a 1.8-hectare public park, and more space for shops, including along the restored Franklin Street, and a new community space fronting Queen Street.
“This project is delivering hundreds of new homes in the heart of Melbourne, giving more Victorians the opportunity to live close to jobs, transport, and services—all while protecting the heritage and charm that makes Queen Victoria Market such a beloved part of Melbourne,” said Sonya Kilkenny, minister for planning.
The 1878-built Queen Victoria Market is protected under stringent heritage controls that will continue to preserve its unique character.
“Gurrowa Place will be a landmark development for our city – creating a new precinct that will enrich the iconic Queen Victoria Market, bring high-quality and affordable housing into this growing neighbourhood, and help the City of Melbourne meet its housing targets,” said Nick Reece, lord mayor.
The state government’s Housing Statement target of 800,000 new homes to be built over the next decade, is targeting the delivering of homes in areas where people want to live, close to jobs, transport and services.
