Market Way
96-106 Franklin Street, Melbourne VIC 3000
- 39 floors
- 1,038 student beds
What's available here Add a listing link
| Looking to | In this building | Area guide | Search the building |
|---|---|---|---|
| Rent a student room | — | — | student.com ↗amberstudent.com ↗ |
Each link opens a Google search limited to that site.
Brand new
Built in 2 yrs 1 mth
- 2021Planning application
- Aug 2024Construction started
- By Sep 2026Completed
- TodayStill standing
23 building permits · 4 news storiesFull timeline ↓
About Market Way
Market Way is a 39-storey student accommodation tower on Franklin Street, Melbourne, and is still under construction, not finished. Developed by Journal Student Living, designed by Cox Architecture and being built by Multiplex, it had topped out by March 2026. The site also includes a retained heritage building.
At a glance
Key facts
- Building type
- 🎓 Student accommodation
- Completed
- 2026
- Height
- —
- Floors
- 39
- Footprint
- 706 m²
- Architect
- COX Architects
- Builder
- Multiplex
- Student beds
- 1,038
- Car spaces
- —
- Planning zone
- CCZ1
- Permits on record
- 23
Score cards
State Library Station 4 min walk · 7 tram stops within 400 m
94 cafés, 44 grocers, 1 medical within 250 m
101 street trees within 150 m · park 153 m away
2,648 people pass daily nearby · 39 licensed venues within 200 m
Calculated from PTV timetable stops, the City of Melbourne business census, street trees, pedestrian sensors and liquor licences.
The building team
The people and companies behind the design, construction and management of Market Way.
Location & neighbourhood
Getting around
Train station4 min · 324 m
Train station4 min · 335 m
Tram stop2 min · 143 m
Tram stop3 min · 257 m
Tram stop4 min · 290 m
Straight-line walking estimate. Source: PTV GTFS, CC BY 4.0.
Within a 3-minute walk
Who lives in Melbourne (CBD)
ABS Census 2016 via City of Melbourne (CC BY).
Timeline
Everything that has happened at Market Way: listings, news, works, planning and history.
Planning & heritage
Planning controls
DDO1Design and Development Overlay: limits on building height, setbacks and designDDO10Design and Development Overlay: limits on building height, setbacks and designHO1043Heritage Overlay: a permit is needed to demolish or change the outside of heritage placesPO1Parking Overlay: controls on how much car parking new development can provideVicmap Planning, © State of Victoria (Department of Transport and Planning), CC BY 4.0. Plain-English summaries are ours. Check the planning scheme for exact controls.
Subdivision & permits
- Building permits on record
- 23
- Estimated cost of works
- About $219.5m
Costs are estimates declared on permits, not amounts spent. Stages of a project repeat its value, so we group them and count each project once. A value can cover a project spanning several buildings. Our calculation from City of Melbourne building permits, CC BY 4.0.
History of the site
How it's been recorded over time
City of Melbourne Census of Land Use and Employment, since 2002.
Community
What people say about Market Way in public forums and groups, and reviews left here.
Summaries describe what's discussed; they aren't our view or a statement of fact, and we don't name posters. The discussions belong to their sites.
Resident reviews
No reviews of Market Way yet. Be the first to tell future tenants what it's like.
Reviews are checked before they're published. No one is named without permission.
Rate and review Market Way
Frequently asked questions
Is Market Way residential or commercial?
Market Way is student accommodation.
When was Market Way built?
Market Way was completed in 2026.
How many floors does Market Way have?
Market Way has 39 floors above ground.
Does Market Way have hotel or student accommodation?
The City of Melbourne records 1,038 student beds at Market Way.
Who designed and built Market Way?
Journal Student Living developed Market Way, Cox Architecture designed it and Multiplex built it. The building team section has the sources.
What public transport is near Market Way?
State Library Station is the nearest train station, about 4 minutes' walk. The nearest tram stop is Queen Victoria Market/Elizabeth St #7, about 2 minutes' walk.
What is the planning zone for Market Way?
The site is in the Capital City Zone - Schedule 1 (CCZ1). It's also under a Heritage Overlay (HO1043).
Who bought the site before the student tower was planned?
In January 2021, Landream bought the 100 Franklin Street site near Queen Victoria Market.
Has any work been done on Market Way recently?
The City of Melbourne has issued 23 building permits for Market Way since 1998. The most recent was in November 2025.
Compare with nearby buildings
| Building | Type | Distance | Floors | Completed |
|---|---|---|---|---|
| Market Way | Student accommodation | — | 39 | 2026 |
| QVM - Residence and Hotel | Mixed use | 53 m | 41 | — |
| Stargate Apartment Complex | Mixed use | 47 m | 11 | 2001 |
| Jasper Hotel | Hotel | 64 m | 9 | 1975 |
| Q Apartments | Mixed use | 77 m | 13 | 2006 |
| Fulton Lane | Mixed use | 110 m | 45 | 2015 |
| Narrm Ngarrgu | Commercial | 89 m | 10 | 2022 |
That's Built compiles information from public records, research and contributions. Details are checked against multiple sources where possible but may contain errors and aren't professional advice. Sources: City of Melbourne building permits (CC BY 4.0), CLUE building information (CC BY 4.0), Development Activity Monitor (CC BY 4.0), Geocoded National Address File (G-NAF) (Open G-NAF EULA (CC BY 4.0 based)). Street View and business details © Google Maps.