Commercial property plans for Melbourne's E-Gate
A new mixed-use development featuring residential and commercial properties is in the works for the ...
A new mixed-use development featuring residential and commercial properties is in the works for the West Melbourne and Docklands area of the Victorian capital city, according to the state government.
New funding announced in this week's state budget has been allocated to redeveloping the E-Gate rail yard site, which spans 23 hectares.
The site will become eligible for redevelopment in 2014 and Denis Napthine, Victoria's minister for major projects, says it represents a huge economic opportunity for the state.
Currently occupied by a steel distribution rail hub operated by OneSteel and BlueScope, as well as Metro Trams Melbourne and Yarra Trams, E-Gate is "a prime site on the fringe of the CBD that is crying out to be better used", Napthine explained.
E-Gate is bordered by Footscray Road, Dudley Street, the North Melbourne rail corridor and Moonee Ponds Creek, situated just two kilometres from the Melbourne CBD.
Napthine added: "The site has the potential to provide housing for about 12,000 people with office accommodation of 180,000 sq m and a retail/community space of 17,000 sq m."
The Victorian government is opening a business case process that will evaluate several options for the best use of the site ahead of 2014, when the current tenancy leases expire.