Expressions of Interest have recently been opened for the Federation Square East development in Melbourne.

The 3.3 hectare project site was labelled as the “new jewel in Melbourne’s crown” by Deputy Premier Peter Ryan.

“We are looking for a great design and exciting, active spaces to create a new destination that is the very essence of Melbourne,” said Mr Ryan.

“Federation Square East is part of the Victorian Coalition Government’s policy to unlock under-utilised land along the rail corridor such as E Gate, Flinders Street Station and Richmond Station.

“Together, this suite of projects represents opportunities for billions of dollars in development, the creation of thousands of jobs, and a project pipeline stretching out for decades.

“The possibilities for this site are limited only by the imagination.”

The mixed-use development would not only provide an iconic Melbourne landmark, but would also enhance links with neighbouring Birrarung Marr, sporting and cultural attractions like the MCG, Melbourne Park and the Arts Centre, the Yarra River and transport services.

Major Projects Minister David Hodgett said that in addition to an exceptional design, the project’s objectives include balancing financial returns with public outcomes.

“The successful proponent will secure the best development opportunity currently available in Melbourne in terms of location, flexibility, amenity, infrastructure and marketability,” Mr Hodgett said.

“We have an excellent site in the heart of a prosperous city with a strong property market and I am looking forward to seeing what the innovation and creativity of industry can deliver for Melbourne.”

Federation Square East is a project Master Builders has lobbied for on behalf of the non-residential sector to help spark new building and construction opportunities.

Major Projects Victoria (MPV) is handling the project on behalf of the State Government. Expressions of Interest forms are available here on MPV’s website and close on 11 December 2014.