--- title: "Nathan Lambert MP: \"PRESTON MARKET UPDATE — there has been renewed discussion ab…\" | Politics Computer" description: "PRESTON MARKET UPDATE — there has been renewed discussion about development at Preston Market, following the sale of the Tarascio family’s component t" url: "https://politics.computer/ad/97d2d1b1c03e296774addd02ac258d42068e232c7f83ed6fe8aef84b297aae28" --- [Home](https://politics.computer/) / [Ads](https://politics.computer/ads) / [Nathan Lambert MP](https://politics.computer/mp/nathan-lambert) **Nathan Lambert MP** Sponsored PRESTON MARKET UPDATE — there has been renewed discussion about development at Preston Market, following the sale of the Tarascio family’s component to their joint venture partners, the Medich family, in August last year. Any such development would take years to plan — and years to build, across multiple stages. However, if anyone is interested, there is a large amount of information online about what state government planning provisions would apply. Some of the key requirements are: — ensure the market buildings with heritage significance are substantially retained, including the large murals, and maintain a working market with a minimum floor area of 12,700 m^2 — provide approx 1,200 dwellings, including social and affordable housing, with a discretionary maximum of 14 storeys at the northern end and 4 storeys at the southern end — include approx 27,500 m^2 of retail floor space, and 5,000 m^2 of office floor space — provide a public open space adjacent to the market with a minimum area of 2,700 m^2 and a public open space adjacent to Preston Station of approx 1,000 m^2, with the ownership of both to be transferred to Darebin Council — encourage a modal shift to active and public transport — ensure adequate car parking for the market and other uses — encourage loading, servicing and car parking areas to be located underground — encourage best-practice environmentally sustainable development outcomes in line with statewide commitments to net zero emissions, and achieve an average 0.5 stars above the prevailing NatHERS requirement for each building — provide electric charging points for bicycles and cars — provide for the use of alternatives to gas — deliver appropriate development staging to allow continuity of market trade throughout the redevelopment of the precinct and to support the viability of business for stall holders. Note that if any development did proceed, it would probably begin on the two sites west of the train line at St Georges/Murray and St Georges/Cramer. They have maximum heights of 13 and 8 storeys respectively. MP, Victoria # [Nathan Lambert MP](https://politics.computer/mp/nathan-lambert) [Nathan Lambert](https://politics.computer/mp/nathan-lambert), member for [Preston](https://politics.computer/seats/vic/preston), [Labor](https://politics.computer/party/labor) Spent $3K–$3.5K Times shown 900K–1M Running since 12 May 2026 Still running. ## What the ad says PRESTON MARKET UPDATE — there has been renewed discussion about development at Preston Market, following the sale of the Tarascio family’s component to their joint venture partners, the Medich family, in August last year. Any such development would take years to plan — and years to build, across multiple stages. However, if anyone is interested, there is a large amount of information online about what state government planning provisions would apply. Some of the key requirements are: — ensure the market buildings with heritage significance are substantially retained, including the large murals, and maintain a working market with a minimum floor area of 12,700 m^2 — provide approx 1,200 dwellings, including social and affordable housing, with a discretionary maximum of 14 storeys at the northern end and 4 storeys at the southern end — include approx 27,500 m^2 of retail floor space, and 5,000 m^2 of office floor space — provide a public open space adjacent to the market with a minimum area of 2,700 m^2 and a public open space adjacent to Preston Station of approx 1,000 m^2, with the ownership of both to be transferred to Darebin Council — encourage a modal shift to active and public transport — ensure adequate car parking for the market and other uses — encourage loading, servicing and car parking areas to be located underground — encourage best-practice environmentally sustainable development outcomes in line with statewide commitments to net zero emissions, and achieve an average 0.5 stars above the prevailing NatHERS requirement for each building — provide electric charging points for bicycles and cars — provide for the use of alternatives to gas — deliver appropriate development staging to allow continuity of market trade throughout the redevelopment of the precinct and to support the viability of business for stall holders. Note that if any development did proceed, it would probably begin on the two sites west of the train line at St Georges/Murray and St Georges/Cramer. They have maximum heights of 13 and 8 storeys respectively. About Housing, Infrastructure transport, Climate Promotes state government See it in Meta's Ad Library - [Started 12 May 2026](https://www.facebook.com/ads/library/?id=1530526768659974) $3K–$3.5K, running ## More from Nathan Lambert MP [All their ads](https://politics.computer/mp/nathan-lambert) - [![We’re building a new emergency department at the Northern Hospital and expanding the Victorian Virtual Emergency Department, so more patient](https://politics.computer/media/fdac5d06221165b2bc9fde26ebfdf005dd758e7d39ba705953c86b135e5e72e3?w=480) $2K–$2.5K spent Running since 2 July](https://politics.computer/ad/fdac5d06221165b2bc9fde26ebfdf005dd758e7d39ba705953c86b135e5e72e3) - [![Great news for Reservoir High School! A re-elected Carroll Labor Government will complete stage three of the school’s master plan: demolishi](https://politics.computer/media/ecedbea2aef5fc6f145871b6acd73860458928c19a4c1188475c6ccd2272d3d3?w=480) $1K–$1.5K spent Running since 7 Oct](https://politics.computer/ad/ecedbea2aef5fc6f145871b6acd73860458928c19a4c1188475c6ccd2272d3d3) - [![A re-elected Carroll Labor Government will deploy 1,500 more police, including in places like Preston and Reservoir. Auth: S. Staikos, Aust](https://politics.computer/media/b08c2ec56a71b907976cb21c8e7085842795b320559738c6ef7da436fb2fb75b?w=480) $1K–$1.5K spent Running since 17 Sept](https://politics.computer/ad/b08c2ec56a71b907976cb21c8e7085842795b320559738c6ef7da436fb2fb75b) - [![KEON PARK UPDATE — below are the issues people have raised regarding the Johnson Street social housing development: — the potential parking](https://politics.computer/media/2d72ecdf617d8fff2624583e99637116e241c8bb7090577b52b62aec9623c257?w=480) $900–$999 spent Running since 11 Aug](https://politics.computer/ad/2d72ecdf617d8fff2624583e99637116e241c8bb7090577b52b62aec9623c257) --- [Politics Computer](https://politics.computer/) A free reference for Australian politics. Seats and members from the parliaments, votes from Hansard, ads and spend from Meta's Ad Library, checked every Sunday, last on 11 Nov 2026\. Meta reports spend as a range for each ad, so every total here is a range too. 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