Revamp plans on Melbourne CBD Block underway

By on 12 December 2018

A $232 million revitalisation project that would redevelop an entire central-city block in the City of Melbourne between Bourke Street and Little Collins Street has been proposed.

The proposed redevelopment includes retail and commercial opportunities in Melbourne’s central city and a 10-storey, 40-metre development that would feature ground-floor retail spaces, two new laneway connections, commercial office space, new council offices and two public-accessible rooftops. A tender for the project will go out to developers early next year, once the development project is approved.

With almost two-thirds of the new precinct used for community spaces, commercial and retail, the plan aims to create a new landmark for Melbourne in terms of sustainable urban design. At the same time, it also allows an opportunity to create a new civic precinct and also restore the Victorian heritage-listed former Commonwealth Bank building on Bourke Street.

Construction is expected to commence in early 2020 and is set to be completed in 2024, subject to planning approvals.

Photo courtesy of The Urban Developer