A new planning framework for Fisherman’s Bend, Australia’s largest urban renewal project, has been released to the public today.
The urban renewal project covers approximately 480 hectares in the heart of Melbourne and will consist of five precincts across two municipalities – the City of Melbourne and the City of Port Phillip – and will connect Melbourne’s CBD to the bay. By 2050, Fisherman’s Bend will be home to approximately 80,000 residents and will provide employment for up to 80,000 people.
The framework is the product of 12 months of public consultation – with over 250 submissions considered by an independent planning panel – and will be supported by an infrastructure funding plan.
It was designed to meet the needs of the new vibrant neighbourhood, with schools, parks, transport links, walking and cycling links and quality services all part of the plans.
The area is set to be a low carbon, climate resilient community, with world-leading sustainability initiatives driving recycling, waste, energy and water management.
Key initiatives in the Framework include:
- New walking and cycling connections, planning for a future tram network and metro rail connection linking the CBD to western Melbourne via Fishermans Bend. Additional bus services already commenced as part of $1.2 million investment.
- Doubling open space to the equivalent of two thirds the size of Docklands, with enough space for an additional four AFL-size ovals, six soccer pitches and eight outdoor courts.
- Housing choice and diversity for 80,000 residents including a target of six per cent affordable housing for all new development.
- A Social Housing Uplift scheme to deliver social housing.
- 80,000 jobs through additional commercial floor space and the creation of high-value jobs and businesses.
- Four primary schools including South Melbourne Primary School, a public secondary school and multi-purpose health, arts, sports and community hubs.
- Buildings over 5,000 square metres built to a 5 Star Green Star standard. It will be Australia’s largest Green Star – Community and sustainability goals will drive the overall social, environmental and economic planning for the precinct.
The Property Council of Australia (PCA) has praised the State Government’s intention to create a thriving and sustainable community and the adoption of ambitious targets for housing, jobs and non-car trips, but urged them to provide more information and certainty about the funding to be made available to make this vision a reality.
“We acknowledge that the Government has listened to industry on some of the aspects of the way forward but are disappointed that existing applicants will now face further delays and significant costs thrown away,” PCA Victorian Executive Director, Cressida Wall said.
“We hope that this announcement ends the blame game about Fishermans Bend and that Government will make commitments to major infrastructure to service Fishermans Bend as soon as possible,” she commented.
A fact sheet with an overview of the Fisherman’s Bend Framework can be found here.