Milestone year in Docklands

By Development Victoria

A range of milestones has been achieved in Docklands in 2018, with over one million square metres of commercial floor space and 10,000 apartments delivered or under construction, signaling how far the precinct has come.

Development Victoria’s group head precincts, Geoff Ward, said the level of investment in Docklands by both the private and public sectors was a vote of confidence in the precinct.

“We are seeing a real maturity in Docklands, with around 11,000 residents calling it home and around 58,000 people now working here. The number of blue-chip companies who have their offices in Docklands continues to grow, including Lendlease, ANZ Bank, Myer, NAB, KPMG and Medibank.

“Construction continues on both commercial and residential towers which sustains between 2500 and 3000 jobs for Victorians which is remarkable,” Mr Ward said.

Development Victoria has worked with its stakeholders across the precinct in 2018 to facilitate the achievements outlined below:

Completed construction

Yarra’s Edge - Wharf’s Entrance Stage 2 Terraces:

18 town houses completed (April 2018.)

Waterfront City – Urban Alley Brewery:

A 690-capacity brewery within The District Docklands (September 2018).

The District Docklands – Archie Brothers Cirque Electriq:

An entertainment complex featuring arcade games, theme-park activities and bowling within The District Docklands complex (September 2018).

Melbourne Quarter – One Melbourne Quarter:

Completion of a 12-storey, 25,000 sqm commercial building in Collins St, including a Sky Park (October 2018).

NewQuay – Elm and Stone:

Upcoming completion of two towers, one with 34 lots and 108 apartments and the other 128 serviced apartments managed by Quest Apartments (December 2018).

Waterfront City – Hoyts Cinema:

Upcoming completion of an eight-screen Hoyts Cinema complex (December 2018).

Collins Square – Tower 5:

Upcoming completion of a 65,000 sqm commercial tower, the final stage of Walker Corporation’s $2.5 billion Collins Square development (to be completed in December 2018).

Victoria Harbour - No. 1 Collins Wharf:

Upcoming completion of Lendlease’s residential tower with 321 apartments (to be completed in December 2018)

Under construction

Melbourne Quarter – Stage R1:

The first residential tower within the precinct will feature 45 storeys and 719 apartments (stage release in February 2018).

Melbourne Quarter – Stage C3:

A 49,000 sqm commercial tower which will also deliver 500 sqm of community space (stage release in March 2018).

The District Docklands – The Market:

A new fresh food offering at The District Docklands which will include a full-line Woolworths, Dan Murphy’s, an Asian grocer, Priceline Pharmacy and a range of specialty retailers (commenced construction in May 2018).

Yarra’s Edge - Wharf’s Entrance Stage 3 Terraces:

Early works for 18 townhouses (commenced in July 2018).

Victoria Harbour - Stage Y3:

Construction of 38,000 sqm commercial tower under construction (practical completion is expected March 2019).

Community infrastructure and activity

Docklands Representative Group:

Formation of a new-look community representative group (July 2018) with the assistance of Development Victoria and the City of Melbourne.

Collins Square – Undercroft:

Works completed on the undercroft area in Village St with new tenants meeting the socio-economic criteria of accommodating charitable organisations (January 2018).

Undercroft lighting project completed as a collaborative place-making project between Development Victoria and Walker Corporation (August 2018).

Docklands School:

Settlement of the land allocated for the new Docklands School (August 2018).

Port Phillip Ferry:

$6 million in Victorian Government funding for a three-year trial of a commuter ferry service between Geelong and Docklands (August 2018).

NewQuay:

Launch of the first stage of NewQuay Central Park, which will eventually become a 4000 sqm linear park extending to Ron Barassi Senior Sports Reserve. (November 2018).

Other announcements

Channel 7 building:

Development Victoria acquires the Channel 7 building as part of the overall redevelopment plans for the Docklands Stadium precinct (May 2018).

Stadium upgrade:

Major upgrade announced of Marvel Stadium and surrounding stadium precincts (May 2018).

By 2025, Docklands is forecast to welcome approximately 20,000 residents and 70,000 workers, with $17.5 billion of private investment into the precinct.