The Latest Plans for the Queen Victoria Market Precinct Includes a Huge 1.8-Hectare Park

Huge new plans are coming to Queen Victoria Market's Southern Precinct, including a brand new Market Square which is set to include a 1.8-hectare park and green space. The current openair carpark will be converted into a public green space rich in biodiversity, making it one of the largest open spaces in the CBD.

The City of Melbourne will partner with Lendlease to undertake this $1.7 billion development, which also includes new apartments, affordable housing, student accommodation and new office spaces.

Image: Render, supplied

Dubbed Gurrowa Place, meaning place of exchange, the project will be developed by Lendlease in consultation with Traditional Owners. "The creation of Gurrowa Place begins the next chapter in the evolution of Queen Victoria Market. It will celebrate the rich history of the place, while introducing new spaces for the community and a vibrant precinct that welcomes locals and visitors," Lendlease Managing Director Development Tom Mackellar says.

The City of Melbourne is aiming high with this one, including targeting 5-Star and 6-Star Green sustainability ratings.

Image: QVM, Hawker 88

"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 says.

The news comes as ongoing works on the $450 million Munro Development continues. The Munro Development will play host to a community hub featuring family services, shared work spaces and affordable housing units in addition to a new, rooftop library.

Works on the Southern Precinct are expected to commence in early 2024 and will be delivered in stages over five years. Meanwhile, the community will have the chance to have their say on the use and design of Market Square and the Queen's Corner Building in the coming months, so watch this space.