Property developer Riverlee has received development approval for its $450 million redevelopment of the Northbank Goods Shed and surrounding land, that is set to revitalise the disused industrial waterfront site with a 5-star luxury hotel and mixed-use precinct.
Set to be called Seafarers Place, Riverlee’s vision includes an extensive revitalisation of the public space. The development plans are set to deliver a 3,500sqm public park and significant work on the historic wharf and heritage-listed crane. These pivotal works include integral structural reinforcement and cosmetic renovations, restoring these iconic heritage elements to their former glory.
Remaining sympathetic to the Shed’s industrial past, Seafarers Place comprises a 5-star hotel with 280 rooms, 150 luxurious residences and a 1000-seat function centre, along with a host of retail amenity transforming the site into an urban retreat.
Designed by an award-winning team, with architecture by Fender Katsalidis and landscape design by OCULUS, the Northbank Goods Shed transformation will signify the last opportunity to live along the waterfront in Melbourne’s CBD, with the project heralding the delivery of the “missing link” between the CBD, Docklands and the Yarra Promenade.
Riverlee’s Development Director David Lee said Riverlee is committed to unlocking the potential of what is a currently underutilised precinct to contribute significantly to Melbourne’s expanding urban composition.
“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,” said Lee.
“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.”
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 grand original roof trusses. Riverlee will also retain and restore the site’s iconic, heritage-listed crane to its former glory.
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.