Southbank Development Overview August 2018
Melbourne's Southbank represents nearly 30 years of development which has transformed industrial land on the banks of the Yarra River into a thriving suburb and this shows no signs of abating anytime soon.
The next five years will see an even more dramatic transformation as Southbank not only reaches for the sky but sets its focus to the street and improving the quality of the pedestrian environment.
Significant developments such as some of Australia's tallest buildings in Australia 108 (319m) One Queensbridge Street and (323m) Southbank by Beulah (360m) will join Eureka Tower (297m) in producing a dramatic cluster of buildings.
Tower's aside Southbank is also seeing increased investment in the public realm both from the private sector, and local and state governments.
As part of stage 1 of its Melbourne Square development, OSK Property will deliver a new 3,700 sqm sloping public park which will occupy more than 20 per cent of overall site. Upon completion Melbourne Square will comprise six towers including an office and hotel, Southbank's first full line supermarket, and childcare and health services.
The State Government's continued investment in the Southbank Arts Precinct will see $208 million committed towards the planning of stage 1 of a project that would see the development of NGV Contemporary on the former Carlton & United Breweries headquarters site which the government purchased earlier this year.
A currently vacant site which hosts the Testing Ground pop-up at 1 City Road, will also become the home of a new hub for the precinct.
The hub will house the Australia Performing Arts Gallery, an expanded Australian Music Vault, administrative, education and research facilities, and a new centre for small-to-medium and independent arts organisations.
18,000 square metres of new and expanded open space will be added to Southbank via an elevated park at the Southbank Boulevard end linking Princes Bridge down through the precinct to a new linear park on Southbank Boulevard.
Other projects such as the City of Melbourne's Southbank Boulevard and Dodd Street transformation, coupled with the City Road Master Plan will add to the suburb's open space network which is currently lacking.
The Southbank Boulevard transformation project which will be undertaken in stages will create 2.5 hectares of new public open space on Southbank Boulevard and Dodds Street, with the first stage expected to take 18-months to complete.
Upon completion the project will provide Southbank, which is Melbourne’s most densely populated suburb with much needed public open space.
A number of developments within the Fishermans Bend Urban Renewal Area are expanding the Southbank skyline westwards however, these projects will ultimately form the Montague Precinct in the future.
Planning Assessment
An overview of projects currently under planning assessment within Southbank:
Approved
An overview of approved developments within Southbank:
Sales & Registration
An overview of Southbank developments currently at Sales & Registration:
Under Construction
An overview of developments currently under construction within Southbank:
