PRESTON MARKET UPDATE — there has been renewed discussion about development at Preston Market, following the sale of the Tarascio family’s component to their joint venture partners, the Medich family, in August last year. Any such development would take years to plan — and years to build, across multiple stages. However, if anyone is interested, there is a large amount of information online about what state government planning provisions would apply. Some of the key requirements are: — ensure the market buildings with heritage significance are substantially retained, including the large murals, and maintain a working market with a minimum floor area of 12,700 m^2 — provide approx 1,200 dwellings, including social and affordable housing, with a discretionary maximum of 14 storeys at the northern end and 4 storeys at the southern end — include approx 27,500 m^2 of retail floor space, and 5,000 m^2 of office floor space — provide a public open space adjacent to the market with a minimum area of 2,700 m^2 and a public open space adjacent to Preston Station of approx 1,000 m^2, with the ownership of both to be transferred to Darebin Council — encourage a modal shift to active and public transport — ensure adequate car parking for the market and other uses — encourage loading, servicing and car parking areas to be located underground — encourage best-practice environmentally sustainable development outcomes in line with statewide commitments to net zero emissions, and achieve an average 0.5 stars above the prevailing NatHERS requirement for each building — provide electric charging points for bicycles and cars — provide for the use of alternatives to gas — deliver appropriate development staging to allow continuity of market trade throughout the redevelopment of the precinct and to support the viability of business for stall holders. Note that if any development did proceed, it would probably begin on the two sites west of the train line at St Georges/Murray and St Georges/Cramer. They have maximum heights of 13 and 8 storeys respectively.
MP, Victoria
Nathan Lambert MP
- Spent
- $3K–$3.5K
- Times shown
- 900K–1M
- Running since
- 12 May 2026
Still running.
What the ad says
PRESTON MARKET UPDATE — there has been renewed discussion about development at Preston Market, following the sale of the Tarascio family’s component to their joint venture partners, the Medich family, in August last year. Any such development would take years to plan — and years to build, across multiple stages. However, if anyone is interested, there is a large amount of information online about what state government planning provisions would apply. Some of the key requirements are: — ensure the market buildings with heritage significance are substantially retained, including the large murals, and maintain a working market with a minimum floor area of 12,700 m^2 — provide approx 1,200 dwellings, including social and affordable housing, with a discretionary maximum of 14 storeys at the northern end and 4 storeys at the southern end — include approx 27,500 m^2 of retail floor space, and 5,000 m^2 of office floor space — provide a public open space adjacent to the market with a minimum area of 2,700 m^2 and a public open space adjacent to Preston Station of approx 1,000 m^2, with the ownership of both to be transferred to Darebin Council — encourage a modal shift to active and public transport — ensure adequate car parking for the market and other uses — encourage loading, servicing and car parking areas to be located underground — encourage best-practice environmentally sustainable development outcomes in line with statewide commitments to net zero emissions, and achieve an average 0.5 stars above the prevailing NatHERS requirement for each building — provide electric charging points for bicycles and cars — provide for the use of alternatives to gas — deliver appropriate development staging to allow continuity of market trade throughout the redevelopment of the precinct and to support the viability of business for stall holders. Note that if any development did proceed, it would probably begin on the two sites west of the train line at St Georges/Murray and St Georges/Cramer. They have maximum heights of 13 and 8 storeys respectively.
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- Started 12 May 2026$3K–$3.5K, running