After years of uncertainty and numerous planning changes, the vision for Fishermans Bend has finally been released.
The Andrews government has revealed the Fishermans Bend Framework, a strategic plan for the development of Melbourne’s major city shaping precinct to 2050, after spending the past 12 months of public consultation refining it.
Under the new framework Fishermans Bend will be a low carbon, climate resilient community, a move welcomed by the Green Building Council Australia.
The height and density of developments in the urban renewal precinct will be restricted, overturning the controversial rezoning by the then-planning minister Matthew Guy.
Guy's rezoning changes to the precinct in 2012 were described as "misguided" and "unprecedented in the developed world in the 21st century", according to a report compiled for Planning Minister Richard Wynne.
The twenty-six tower proposals "called in" by Wynne earlier this year will be assessed by a committee against new planning controls.
Developers who had projects frozen in February will have six weeks to make changes to fit with the new density requirements.
"This framework will make Fishermans Bend a community, rather than a concrete jungle, with schools, public transport and green, open spaces to meet friends and kick a footy,” Planning minister Richard Wynne said.
The precinct will still comprise apartment towers with several blocks near the West Gate Freeway pegged for high-rise development.
These buildings are expected to soar to 40-storeys or more. Developers will also be able to go higher in exchange for providing six per cent of affordable dwellings for low income earners.
The past week has seen major industry announcements made ahead of Victoria's state election marked for November 24.
Along with Wynne releasing the final planning controls for Fishermans Bend, the Coalition also announced an ambitious plan for Victoria's regional rail network.
Fishermans Bend sits across two municipalities in a central Melbourne precinct, the City of Melbourne and the City of Port Phillip.
The 30 year project is pegged as Australia’s largest urban renewal, and covers 480 hectares sitting on the doorstep of Melbourne’s CBD.
By 2050 it’s anticipated Fishermans Bend will be home to approximately 80,000 residents and provide employment for up to 80,000 people.