Lord Mayor, Robert Doyle, announced this week that Council were seeking the aid of a joint venture partner in the development of the Munro site adjacent to the Queen Victoria Market.
Mr Doyle said “This is a rare opportunity for the private sector to partner with Council to deliver an exemplar mixed-use development with all the hallmarks of what we consider smart development: residential apartments, childcare, family services, commercial and retail uses and the latest in environmental sustainability. “It will also include customer car parking so that we can deliver on our commitment to maintain the current level of 720 customer car parks within the market precinct.”
We understand that the Council wants to retain control of aspects of the project in order to prevent improper development around the Queen Victoria Market. That is likely to involve ongoing control up to podium level (essentially the ground floor base on which a building sits).
At the conclusion of the Expressions of Interest process, the City of Melbourne will shortlist developers to proceed to the second stage, a Request for Proposal process, expected to commence in October.