_COUNCIL ADOPTS ST KILDA TRIANGLE MASTERPLAN
At a Council meeting on Tuesday, councillors at the City of Port Phillip adopted a masterplan for the St Kilda Triangle site, which is occupied by the historic Palais Theatre and an adjacent at-grade car park. The Masterplan proposes a cultural precinct, including a significant area of public open space to complement the Palais Theatre and Luna Park. Upon completion, it is hoped that the site will become a major tourist attraction away from the heart of Melbourne but still easily accessible from the CBD.
The Masterplan will guide future development of the triangle site by establishing a vision for the area and a structured framework. The masterplan includes approximately 20,000 square metres of landscaped public open space and 21,000 square metres of built form (including cultural institutions, a hotel and other uses supporting the activation of the site and the operation of the Palais Theatre).
The next step in the process involves the preparation of a planning scheme amendment to give effect to the Masterplan and requires future development proposals to comply with its objectives and strategies. According to an article in The Age, the redevelopment is expected to cost around $350 million.
The adopted St Kilda Triangle Masterplan can be viewed here: http://stkildatriangle.com/the_project.htm?source=Masterplan