Already known to locals as home of the North Melbourne Football club, Melbourne's largest urban renewal project is earmarked to create more than 34,000 jobs and become home to 15,000 residents by 2051.
In a step forward for the Arden urban renewal project, the official Arden Vision was released this week, mapping its transition from industrial area into a thriving employment and residential hub.
After being named the world’s most liveable city for seven consecutive years, Minister for Planning Richard Wynne says Arden, located on the edge of Melbourne’s central city, will contribute to the city’s reputation as being one of the most forward-thinking.
“We’re getting on with growing Arden to be a great place to live and an exciting place to work and visit,” Planning Minister Richard Wynne said.
The precinct will have its own civic heart and character. It will remain connected to its Aboriginal and industrial heritage as it changes to support a diverse resident and worker population. It will become a new neighbourhood of Melbourne with quality and affordable housing.Arden Vision 2018
Thanks to recent legislative changes, the inclusion of affordable housing will be supported with at least six per cent of new residential development to be delivered through community housing or shared equity.
Up to 15 per cent of new housing will be made available as affordable housing where City of Melbourne-owned land is redeveloped.
And a minimum of 10 per cent of all Arden properties in government-led developments prioritised for first home buyers made available through the Victorian government’s Homes for Victorians (2017) initiative.
Anchored by a major transport hub, the North Melbourne Station, Arden sits across 50-hectares of land between Macaulay Road, Dryburgh Street and the Moonee Ponds Creek.
Melbourne’s major $11 billion Metro Tunnel Project, including the new North Melbourne Station is estimated for completion by 2025, and will link Arden with Parkville, the CBD and Melbourne’s growing west.
“The Metro Tunnel will be in the heart of the Arden precinct – making it a great place to live and work, and connecting it to the rest of our city and state,” Minister for Major Projects Jacinta Allan said.
In 2012 the City of Melbourne identified Arden-Macaulay, a low-lying formally swampy land spanning a total of 144 hectares, as an urban renewal area that will accommodate more residents and employment growth over the next 30 years.
There is more than 600 hectares of land available for urban renewal on the doorstep of Melbourne’s CBD.
The Arden Vision outlines these precincts include Arden, Docklands, Fisherman’s Bend, Macaulay and, ultimately E-Gate.
Along with Dynon as a future employment and logistics precinct, the state government views these areas as “a chain of urban renewal opportunities around the CBD”.