Plans to build three high-rise towers and a new city square at the Queen Victoria Market have been unveiled.

The $1.7 billion plan by developer Lendlease and the City of Melbourne includes three towers — one commercial, one residential and one student housing — constructed on the southern side of the market, along with a new underground car park and a 1.8 hectare market square.

Press PLAY below to hear what the lord mayor thinks of the development

Lord mayor Sally Capp says the project “will deliver a billion dollars in economic activity into the precinct”.

Subject to planning approval, construction will begin in early 2024 and is expected to be completed in 2028.

 

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Image: An artist’s impression of the development – Lendlease