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Southbank is an inner-city suburb in Melbourne, Victoria, Australia, 1 km south of the Melbourne central business district, located within the Cities of Melbourne and Port Phillip local government areas. Southbank recorded a population of 22,631 at the 2021 census.Its southernmost area is considered part of the central business district of the city. Southbank is bordered to the north by the Yarra River, and to the east by St Kilda Road. Southbank's southern and western borders are bounded by Dorcas Street, Kings Way, Market Street, Ferrars Street, and a triangle bordered by Gladstone Street, Montague Street and the West Gate Freeway.Southbank was formerly a mostly industrial area, and simply part of the locality of South Melbourne, and the City of South Melbourne.
It was transformed into a densely populated district of high rise apartment and office buildings beginning in the early 1990s, as part of an urban renewal program. With the exceptions of the cultural precinct along St Kilda Road, few of the older industrial buildings were identified for retention.
Today, Southbank is dominated by high-rise development and is now the most densely populated areas of Melbourne, with a large cluster of apartment towers. It is home to many of Australia's tallest buildings including the tallest measured to its highest floor, the Australia 108 and the former tallest Eureka Tower. It is one of the primary business centres in Greater Melbourne, being the headquarters of Treasury Wine Estates, Crown Resorts, Alumina, Incitec Pivot, The Herald and Weekly Times Pty Ltd, as well as regional offices of many major corporations, in a cluster of towers with over 340,000 square metres of office space in 2008.
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