South Yarra’s open rail eyesore to be covered with $25m office and retail plaza
A sweeping new $25 million office and retail plaza planned opposite South Yarra station is being touted as a ‘once in a generation’ development.
Inner South
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A SWEEPING new $25 million office and retail plaza opposite South Yarra station is being touted as a ‘once in a generation’ development.
To be built over the rail corridor, the planned South Yarra Plaza will be a core part of the Metro Tunnel Eastern Portal project.
The 1500 sqm plaza will be a mix of office and retail space with boutique cafes and restaurants, and be part of a sweeping promenade linking Toorak Rd and Chapel St.
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Directly opposite South Yarra station,it will also include outdoor seating, a playground, bicycle storage and grass square.
Vicland Property Group chief executive Bill McNee said the plaza will bring “significant public open space” to South Yarra.
“We will continue to work with state government agencies to ensure the project complements works being carried out at South Yarra as part of the Metro Tunnel.”
Mr McNee said Vicland has already been approached by several local businesses “interested” in leasing office space but none had been secured.
Tenders are expected to go out shortly, but the project timeline depends on the Metro Tunnel progress.
Last month, Leader News revealed a new promenade between Toorak Rd and Chapel St would incorporate the existing Lovers Walk and Siding Reserve.
The promenade will “enhance” existing open space areas while creating better pedestrian, cyclist and commuter links, the Melbourne Metro Rail Authority Eastern Portal Development Plan states.
North Ward councillor Matthew Koce said the open space transformation was “once in a generation opportunity to leave a lasting legacy”.
“Metro Tunnel works will cause disruptions for many years so residents deserve to receive a really positive outcome,” he said.
He also predicted Siding Reserve will become “the most loved and treasured parks in the city”.
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