Town Hall Station Entrance Opens as CBD Road Conditions, Housing Deals and Tech Projects Reshape Melbourne

A new entrance to Town Hall Station is finally opening in Melbourne, according to a report by the Herald Sun looking inside the facility. At the same time, the condition of city streets is drawing scrutiny. The Daily Telegraph reported that one in four Melbourne CBD roads is not up to scratch, adding that the Big Build is to blame. Elsewhere on the road network, Roads & Infrastructure Magazine reported that all beams have now been installed on the Bulleen Interchange, while Green Left reported that accessible tram stop campaigners recently tried to board a Sydney Road tram.

In the residential property market, large-scale institutional deals and individual tenancy warnings have both been reported as roads and housing continue to shape local discussions. Mingtiandi reported that M&G is buying a Melbourne rental apartment block from Novus for $158M for its Asia Living Fund. Meanwhile, Architecture & Design examined Arden Central, offering a look inside Melbourne's $7 billion precinct plan. At the tenant level, the Herald Sun reported that an entire Melbourne sharehouse received rent warnings over 50c, while Michael West Media highlighted the economic figures to watch ahead of the upcoming Melbourne Cup rate call.

Major industrial, technology and hospitality announcements are also unfolding across Melbourne and Victoria. The Australian reported that Victoria has fast-tracked a $2bn data centre without utility checks. In the defence sector, both Asia Pacific Defence Reporter and Defence Connect reported that Navantia Australia has announced plans to launch a new underwater technology innovation hub in Melbourne. Meanwhile, in local hospitality news, Broadsheet reported that a Kyoto-born tea shop has opened its first Australian branch in Melbourne.