Place-led Economic Development Strategy

Shaping the future of your neighbourhood

The Place-led Economic Development (PLED) Strategy(PDF, 27MB)  outlines a new, collaborative and iterative approach to economic development and placemaking at the City of Stonnington. Recognising the value of local services, facilities and amenity has provided a strong foundation for developing the PLED Strategy. Most importantly, this Strategy recognises the role of placemaking in economic development and the benefit of harnessing local assets, knowledge and character to achieve economic growth.

Complementing the Strategy, which provides the ‘why’ of place-led economic development, a Place Activation Plan is a standalone document that articulates the ‘what’ and the ‘how’ by delivering a guiding and aspirational vision and key actions for implementation.

A Place Activation Plan has been developed for each of Stonnington’s largest activity centres: South Yarra, Prahran, Windsor, High Street - Armadale, Glenferrie Road - Malvern, Toorak Village and Hawksburn Village. These can be viewed below.

Over time, additional Place Activation Plans are expected to be developed for other activity centres around Stonnington. Read the PLED Annual activity statement FY23-24(PDF, 3MB) to learn what council has achieved in the first year of delivery.

To find out more about economic activity in Stonnington suburbs over the last year, read the PLED Annual Economic Snapshot July 2023-June2024(PDF, 327KB).