Approval for Shed 5 development

Riverlee has received development approval for its $450 million redevelopment of the Northbank Goods Shed and surrounding land.

Set to be called Seafarers Place, Riverlee’s vision includes an extensive revitalisation of the public realm.

The development plans the renewal of Seafarers Rest park and significant work on the historic wharf and heritage-listed crane. These pivotal works include integral structural reinforcement and cosmetic renovations, restoring these iconic heritage elements to their former glory.

Remaining sympathetic to the Shed 5’s industrial past, Seafarers Place comprises 150 luxurious residences, a 5-star hotel with 280 rooms and a 1000-seat function centre, along with a host of retail amenity.

Designed by an award-winning team, with architecture by Fender Katsalidis and landscape design by OCULUS, the Northbank shed transformation delivers the “missing link” between the CBD and Docklands.

Riverlee’s development director David Lee said Riverlee was committed to unlocking the potential of what was a currently under-utilised precinct to contribute significantly to Melbourne’s expanding urban composition.

“At Riverlee, we pride ourselves on urban renewal. We are committed to rebuilding connections between people and places by delivering a master-planned precinct that is rich in history, adding to Melbourne’s vibrant culture,” Mr Lee said.

“This regeneration project is significant in many ways and has been collaboratively designed with all of our partners and important government stakeholders, including the City of Melbourne, Department of Planning, Department of Treasury and Finance, Heritage Victoria, and many others.”

“We are excited to deliver the revitalisation of this historic wharf precinct. With never-to-be-built-out views of the Yarra River and Docklands Park, this under-utilised site will transform into a world-class waterfront precinct bridging Melbourne CBD and Docklands.“

“The open spaces and public park are designed to give the waterfront back to the community and celebrate the unique character and history of the site.”

“The overall design is bold and striking – the result of what has been a truly collaborative process. This project will be a new iconic waterfront destination for Melburnians and visitors to enjoy.”

Shed 5 will be restored and repurposed into a premium waterfront event space, designed to celebrate and highlight its grand original roof trusses.

Riverlee will also retain and restore the site’s iconic, heritage-listed crane.

Wharf restoration works began in February and are expected to be completed in the coming months. Crane restoration works have started with construction slated for mid-2019.