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..
Hawthorn's Queens Avenue is emerging as an apartment hot spot of sorts, as developers realise the worth of converting the light industrial and commercial strip into a higher density apartment enclave. Running parallel to Burwood Road, Queens Avenue now has six apartment developments in progress.