$800M Southgate Redevelopment Set for Approval

Image source: Herald Sun

The City of Melbourne has backed a proposed redevelopment of the Southgate precinct in Southbank which would see improved access to the shopping and dining complex from St Kilda Road and the Arts Centre.

The $800 million redevelopment, which was first proposed last year, would include 2,000 square metres of open green space above Southbank Promenade, a 21-storey office tower and improved pedestrian links to Hamer Hall and City Road.

The project, which is set to receive conditional approval from the council this week, will ultimately be decided by the state government.

Designs for the upgraded centre, created by Fender Katsalidis, will see part of the existing building demolished to make way for a five-level podium with shops, eateries and bars, as well as a 21-storey office tower.

Southgate expects the project to create around 340 construction jobs, with the final redevelopment to support around 3,600 retail and office jobs once complete.

The office tower will have 39,000 square metres of net lettable space, with around 10,000 square metres for retail.

The elevated park, which will create 2,000 square metres of open green space and a further 2,000 of parkland, has been designed as a direct response to the lack of parklands in Southbank. 

Fender Katsalidis director Nicky Drobis said the redevelopment will revive the area for tourists and city workers alike. 

“Our design outcome will facilitate greater connectivity between people and place, and serve as a destination to be enjoyed for many decades to come,” he said. 

Head of Asset Management at ARA Australia, Southgate’s owner, Rohan Neville, said “the new Southgate will create a unique opportunity to connect with nature alongside and overlooking the river – an opportunity lost up to this point in time.”

The project is the latest in a string of developments across the Southbank area, with the latest to be approved, Southbank by Beulah having recently acquired Hanover House to position the new build on an island site.

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