Riverlee's Seafarers Place gains Ministerial Approval - construction to commence in 2019

Following support from the City of Melbourne earlier in the year, developer Riverlee is free to commence work on its $450 million redevelopment on the Northbank of the Yarra, following Ministerial approval.

Set to be called Seafarers Place, the project includes an extensive revitalisation of the former industrial waterfront site into a new mixed-use precinct, based around a high quality public realm in the form of a new 3,500sqm public park, including restoration of the historic wharf and heritage-listed crane.

At Riverlee, we pride ourselves on urban renewal. We are committed to rebuilding connections between people and places by delivering a masterplanned precinct that is rich in history, adding to Melbourne’s vibrant culture

 This regeneration project is significant in many ways and has been collaboratively designed 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.

We are excited to deliver the revitalisation of this historic wharf precinct. With never-to-be-built-out views of the Yarra River and Docklands Park, this underutilised site will transform into a world-class waterfront precinct bridging Melbourne CBD and Docklands.

The open spaces and public park are designed to give the waterfront back to the community and celebrate the unique character and history of the site.”

The overall design is bold and striking - the result of what has been a truly collaborative process. This project will be a new iconic waterfront destination for Melburnians and visitors to enjoy.\

-  David Lee Riverlee Development Director

Seafarers Place comprises 150 luxurious residences, a 5-star hotel with 280 rooms and a 1000-seat function centre, along with a host of retail amenity transforming the site while remaining sympathetic to the Shed’s industrial past.

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 original roof trusses. Riverlee will also retain and restore the site’s iconic, heritage-listed crane to its former glory.

Designed by Fender Katsalidis and  OCULUS, the Northbank Goods Shed project represents one of the final undeveloped waterfront sites in Melbourne’s CBD.

According to Riverlee, it is committed to unlocking the potential of what is a currently underutilised precinct to contribute significantly to Melbourne’s expanding urban composition.

One of the other key ambitions of the project is to provide the “missing link” between the CBD, Docklands and the Yarra Promenade.

Wharf restoration works began in February and are expected to be completed in the coming months. Crane restoration works have commenced with construction slated for mid-2019.