The Melbourne Star would be moved to a new location under a bold new proposal that plans to change the face of the CBD. mrmawby HSunRealestate
Bates Smart director Julian Anderson estimated the project would cost billions, but could be offset with a levy on the redevelopment of the “unloved” and “unattractive” buildings along Flinders St and Flinders Lane that would likely follow.
“And the Melbourne Aquarium has come to the end of its useful life in that space. There’s opportunity to do something better with that site and I think the aquarium would be better somewhere like Central Pier in Docklands.” Mr Anderson noted the buffer zone could “contribute to reducing the likelihood of flooding”, in line with a City of Melbourne requirement for Flinders St and Flinders Lane developments to modify ground levels in response to flood risk posed by climate change.
Bates Smart surveyed almost 1000 workers or employers connected to the CBD during the pandemic and found 70 per cent wanted more parks and visible greenery on buildings. Commercial real estate firm Colliers’ state chief executive John Marasco said the precinct around Flinders St Station and the city’s major public transport corridors would be integral to enticing workers back to the city and maintaining their engagement long term.
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