The 2011/12 year saw Docklands experience the most development in its 12 year history with more than $2.4 billion worth of private development (commercial and residential) under construction across 16 projects, totalling approximately 350,000m2 Gross Floor Area, including approximately 1,500 apartments.
As this 190 hectare site – the same size as the original central business district, including 44 hectares of water – transforms into a modern residential, commercial and visitor destination, it is playing an increasingly important role in the growth of Melbourne as a global city, helping secure it as the world’s most liveable city in 2011.
It is expected that by 2025 the area will have attracted a further $9 billion worth of private investment,with the number of residents anticipated to nearly triple from 7,000 today to 20,000, and with the number of workers anticipated to double to more than 60,000.
As at June 2012, the vision for Docklands is well on the way to being realised with:
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Docklands build out (forecast at completion):
Projected development value by project end 2025: $17.5 billion
Source: Places Victoria
Illustrations, diagrams and plans shown in this website are artist impressions for presentation purposes only and are subject to change.