The City of Melbourne’s Future Melbourne Committee has announced its support for developer Riverlee’s revised design scheme for a $450 million revitalisation of Melbourne’s Northbank Goods Shed at a recent Melbourne City council meeting.

The planning proposal, which has now been submitted to State Government for final approval, will see the disused heritage wharf site make way for a mixed-use precinct encompassing residential, hotel, function centre and retail amenities, as well as a 3500sqm public park. The site will also include the pivotal revitalisation of 220m of the heritage wharf on site, which was first built in 1855.

Designed by an award-winning team, with architecture by Fender Katsalidis and landscape design by OCULUS, the Northbank Goods Shed is the last piece of undeveloped land along Melbourne’s Yarra River southwest of the CBD and the missing link between the CBD, Docklands and the Yarra Promenade.

David Lee, Riverlee’s Development Director, said Riverlee is proud to be looking to the next steps of development for a site of such social and historic significance in Melbourne.

“ The site has a fascinating industrial past, and is still rich with tangible history on-site, which we are planning to retain and restore.

“ This project has allowed us to truly represent who we are as developers, bringing together the extraordinary elements of heritage, water and landscape, and transforming them into a precinct unlike any other, which will provide its residents and occupants with a true sense of place and community.

“ This is a very significant project for us, as it marks the completion of our extensive redevelopment of the Northbank precinct, which started back in 2005 when we first purchased the World Trade Centre.

“ We have truly enjoyed the collaborative design process with all of our partners and important government stakeholders, including the City of Melbourne, Department of Planning, Department of Treasury and Finance, Heritage Victoria, and many others. “

“ The amended design is bold and striking, and is the result of a truly collaborative design process. “

“ With plans for a generous public park, and premier residential, hotel, function centre and retail amenities, Northbank will be an extension of Melbourne’s vibrant culture and a much- needed link between Melbourne’s CBD and Docklands.”

“ The amended design, by world-class architects, Fender Katsalidis, is sympathetic to the rich heritage of the site by drawing inspiration from the flow of the river and the site’s industrial past,” added Lee.

“ We look forward to the next steps of creating this landmark development and transforming this underutilised site into a world-class waterfront precinct.”

Under the plans, the site’s historic Goods Shed known as ‘Shed 5’ will be restored and repurposed into a premium waterfront event space, designed to celebrate and highlight its grand original roof trusses. Riverlee will also retain and restore the site’s iconic and heritage- listed crane.

State Government will now review Riverlee’s Northbank plans with construction anticipated to commence in Q2 2019.