Known as the business precinct, this neighborhood was added to the urban renewal area in July 2015.
It has boosted the size of Fishermans Bend from 250ha to 455ha and will support existing industries and encourage more jobs.
With its flat, low-lying land, wide streets and abundance of greenery, the area has traditionally been an industrial zone. Manufacturing has played a major role.
The area supports activity by the Port of Melbourne dry bulk shipping area on the South Bank of the river and, in particular, concrete batching.
The Government wants the Employment Precinct to continue being used to grow jobs but details and a clear vision are yet to be announced.
A broad-scale strategy will be created to respond to an expected major change in ownership and land use on key landholdings in the early years.
In the short to medium term, the precinct is expected to continue to play an important support role for the CBD, with facilities such as the concrete batching plants providing service to inner-city construction industry.
Unlike the other areas of Fishermans Bend, there are no height limits in the Employment Precinct, which is located north of the freeway in the City of Melbourne.