The Queen Victoria Market Precinct Renewal Master Plan was developed following extensive trader and community consultation , and was adopted by the Melbourne City Council in July 2015. This Master Plan outlines a wide variety of proposals to revitalise the market precinct with a strong focus on improving the trader, customer and community.. The development will transform the internationally renowned market precinct - attracting new residents, workers, customers and visitors to the area. With a legacy dating back to 1878, Queen Victoria Market is an iconic Melbourne landmark and stringent heritage controls will be upheld to preserve its unique character.
The State Government has approved the next stage of plans to revitalise Melbourne's iconic Queen Victoria Market which it claims will secure its future as an iconic social and cultural landmark, while delivering hundreds of new homes. Minister for Planning Sonya Kilkenny has announced the planning permits for the $1.7 billion mixed-use development have been approved. Delivered. Lendlease has secured the $1.7 billion Queen Victoria Market redevelopment for the City of Melbourne and will create nearly 1700 units, an office tower and public park next to the 140-year-old.