According to a news report on Channel 7 this evening the redevelopment of the Queen Victoria Market is still alive. Looks like they're going to extend Franklin Street through to connect with Dudley Street, then sell off the land on the other side and develop 2x50 storey towers which will be used to fund the redevelopment of the market. The car park is set to go with a park to replace it. Can't find anymore information at the moment..
A rush of planning applications either side of the festive break are cumulatively seeking to add to South Melbourne's robust development scene, with four major apartment projects lodged. City of Port Phillip will now assess the respective merits of the fresh applications, along with a handful of other noteworthy towers already at planning that when combined, would provide the popular suburb with thousands of new apartments.