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Docklands development

02 Dec 2015

Docklands development Image

You might take a look around Docklands and think it’s pretty much finished, but take a closer look and you’ll see there’s still plenty more development still to come.

According to Places Victoria general manager Simon Wilson, Docklands is only 60 per cent complete, with remaining land to be developed over the next decade.

“People who don’t live, work or visit Docklands often have a misperception that Docklands is a ‘finished product’ so to speak,” Mr Wilson said.

“They are often surprised to see so much building activity underway and large areas of land yet to be developed.”

Current projects under construction include M Docklands, 883, 888 and 889 Collins St in Victoria Harbour, Forge at Wharf’s Entrance and Promenade, Aqui and Marina Tower at NewQuay.

In 2016 we’re likely to see Lend Lease begin construction at Melbourne Quarter.

Construction of the Banskia tower at NewQuay is also scheduled to start next year.

Meanwhile, Capital Alliance has lodged permits for a mixed-use development and residential development at Waterfront City, while a permit has recently been granted for a residential tower at 699 LaTrobe St.

According to Mr Wilson, Docklands has attracted $10 billion in private development and Places Victoria has returned the upfront cost of infrastructure in Docklands to the Victorian Government with interest.

“During the next 10 years or so of development I think we will see Docklands become an even better place to live and work,” Mr Wilson said.

“I think it will also offer a stronger visitor experience as connectivity is improved through the redevelopment of Harbour Esplanade and as more fine-grain development occurs.”

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