The next phase of plans to revitalise Melbourne’s iconic Queen Victoria Market has been greenlit, ensuring its future as a vibrant social and cultural landmark while introducing hundreds of new homes.
Minister for Planning Sonya Kilkenny announced today that the planning permits for the $1.7 billion mixed-use development have been approved.
In collaboration with Lendlease, Scape, and the City of Melbourne, the project will feature around 560 build-to-rent apartments, with 15 per cent allocated for affordable housing. Scape will also provide an additional 1,100 beds for university students.
This development supports the Labor Government’s ambitious Housing Statement target of building 800,000 new homes over the next decade in locations close to jobs, transport, and services.
The redevelopment will include expanded retail spaces, particularly along the newly restored Franklin Street, and a new community space facing Queen Street. Central to the project will be Market Square, a 1.8-hectare public park designed to be a hub for community gatherings, events, and outdoor activities.
The transformation will enhance the internationally renowned market precinct, attracting new residents, workers, and visitors to the area. With a rich history dating back to 1878, Queen Victoria Market will continue to be protected by stringent heritage controls to maintain its distinctive character.
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#Melbourne’s #QueenVictoriaMarket is set for a $1.7 billion revitalisation, including new homes, retail spaces & a public park. Discover how this transformation will shape the city's future & share your thoughts! 🏙️🏠🌳💬📊 #TheIndianSunhttps://t.co/engYI7aAzp
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