Apartments, student accommodation part of $1.7bn market development

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Hundreds of apartments and more than 1,000 student accommodation beds will be built as part of a $1.7 billion transformation of one of Australia's most famous market sites.

The City of Melbourne on Wednesday unveiled plans for the Queen Victoria Market precinct, adding new housing and offices into the mix.

The three towers, part of Gurrowa Place, will be connected to the markets by the Franklin Street stores, which will shortly be revamped. However, the council is promising there will be no loss of parking spaces as part of the development. New laneways and arcades will included on the site, which council says will provide"a uniquely Melbourne retail offering".

The agreement in 2014 was"to transfer the site to council to be sold, with all funds reinvested in the market's renewal"."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.

 

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