The Victorian Coalition government has issued a call for Expressions of Interest to develop Melbourne's Federation Square East, in what it has referred to as the opportunity to help build a "once in a lifetime location."

Premier Denis Napthine called the project a “unique opportunity a develop a fantastic precinct in the heart of the world’s most liveable city,” pointing out the unique locational advantages enjoyed by the area. The CBD and Yarra River lie at the precinct’s doorstep, while it is also close to some…