Check out the new 1.8 hectare ‘people’s park’ being built in Melbourne’s CBD
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04.07.2023

Check out the new 1.8 hectare ‘people’s park’ being built in Melbourne’s CBD

new park Melbourne
Words by Staff Writer

The City of Melbourne and Lendlease have released artist impressions of the Queen Victoria Market redevelopment, including the large park that will be built on top of the existing carpark.

The market’s open-air car park will be converted into Market Square, consisting of 1.8 hectares of new public open space, while the car parks will move underground, with capacity for around 300 vehicles on weekends.

Construction is set to commence in early 2024 and will be delivered in stages over the next five years. In the artist impression above, the park and the historic market sheds will be flanked by high-rise developments (featuring 15% affordable housing) as part of a $1.7 billion mixed-use development.

Stay up to date with what’s happening in and around Melbourne here.

“Our landmark divestment of the Southern Precinct will transform our city’s north with a vibrant new precinct bursting with uniquely Melbourne experiences – creating an enduring legacy for the Queen Victoria Market for generations to come,” Lord Mayor Sally Capp said.

“Gurrowa Place will enrich the traditional market offerings Melburnians and visitors know and love – attracting thousands of new residents, workers and visitors and boosting business for traders.”

“This globally-iconic precinct will be a place to celebrate – with spaces for events, world-class retail and new laneways and arcades to complement the beloved market experience.”

“Traders will benefit from more customers and activity, with every dollar of this sale reinvested into the preservation and renewal of the precinct.”

“We’re proud to partner with Lendlease to deliver on our commitment to secure the market’s future and maintain a focus on parking for traders and customers.”

“Melbourne is the fastest-growing capital city in the country – and this development is a vote of confidence in our future. Lendlease could invest anywhere in the world, but it’s choosing Melbourne.”

Find out more here.