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 fresh produce market.

ASX-listed Lendlease on Tuesday confirmed the news – first reported by The Australian Financial Review in December – that it had secured the contract for the site on the southern edge of the market car park, the largest urban renewal project ever undertaken by the country’s second-largest city.