Major Docklands development site beside Marvel Stadium hits the market
Sites like 140‑160 Harbour Esplanade don’t come along very often in the Docklands market anymore. The landmark 20,695-square-metre development site, featuring 260 metres of frontage along Harbour Esplanade and direct adjacency to Marvel Stadium, is available for a visionary investor.
Co-listed by Cushman & Wakefield on behalf of Development Victoria and the Australian Football League, the property is being offered for sale via expressions of interest.
The site’s approved master plan provides scope for an integrated development of up to 181,730 square metres of gross floor area, offering flexibility for residential, commercial, retail, or hotel uses.
“This is one of the most exciting urban renewal opportunities in the country. The scale, location, and strategic importance of the Harbour Esplanade assets make them truly unique,” says Ross Hamilton, managing partner, strategic consulting at Cushman & Wakefield.
“Docklands continues to evolve as one of Australia’s most significant urban renewal projects, having already attracted over $15 billion in private investment and supporting more than 73,000 workers”.
The landholding forms part of the broader Harbour Esplanade precinct, which the Victorian government has earmarked for ongoing revitalisation to enhance connections between the CBD and Victoria Harbour. The location also benefits from major infrastructure, including tram and bus routes, pedestrian links, and proximity to Docklands’ key attractions.
The property’s scale and positioning make it well-suited for a flagship development that could include office space, a hotel, build-to-rent apartments, or entertainment-focused offerings that complement the stadium next door.
“We’re seeing growing demand from both domestic and offshore groups for large-scale mixed-use opportunities in prime urban locations,” explains Daniel Wolman, international director – capital markets at Cushman & Wakefield.
“The buyer profile for this campaign will likely include tier-one developers with a proven track record in delivering complex, high-quality precincts that balance commercial success with community benefit.”
Over the past decade, Docklands has undergone a significant transformation, with new residential towers and commercial developments reshaping Melbourne’s western edge. With renewed government and private-sector investment, the precinct is expected to continue attracting long-term interest from residents and visitors alike.
Expressions of interest for 140–160 Harbour Esplanade, Docklands, close at 5pm (AEDT), December 5, 2025.
