Melbourne’s premier boulevard set for a further $1.5b boost

Once best known as a premier office address, St Kilda Road in inner-city Melbourne has been transformed over the past two decades into a boulevard lined with luxury apartment towers, with many more under development.

Stretching from St Kilda all the way to the CBD, the strip has lost more than 135,000 square metres of office space in the last 10 years, according to data from commercial real estate agency CBRE and the Property Council of Australia.