Docklands was once Melbourne’s largest and busiest port, but by the late 1980s, it had become a derelict industrial wasteland. With inner-city living becoming more popular and Melbourne’s population growing, the Victorian Government saw an opportunity to extend the western edge of Melbourne’s central business district and reconnect the city to its historical waterfront.
Development Victoria is managing the development of Melbourne’s Docklands - one of Australia’s largest urban renewal projects under construction.
Docklands' construction started in 1997. It is now two-thirds complete and has attracted more than $12 billion in private investment to date.
Docklands attracts millions of visitors each year and offers a mix of uses including:
Project area: 190 hectares (includes 44 hectares of water; 3.7 hectares of open space)
Development timeframe: 25 years (completion approx. 2025)
Private investment: $17.5 billion (upon completion)
Population: 20,000 residents and 80,000 workers (upon completion)
Business: Home to the national headquarters of some of Australia’s largest companies including ANZ, NAB, Medibank Private and Myer
Art: Includes more than 45 pieces of public art