It really doesn't matter how much they charge for apartments, or if they get a new shopping district (Costco? eeewww!), the whole place is a souless example of anti-design and town planning by new- money developers.
I had the misfortune to meet up someone who works down there and because it was 44 degrees proceeded to the closest bar called The Lounge (?) populated by future cast members of Underbelly pt. 3 (tribal sleeve tatts & throwing their keys to bar staff to move their v. expensive cars) and poor intl tourists who thought it was Melbourne.
What's the cure? Make it public housing for 30 years and let it go to the dogs, artists, homeless- ripe for revitalisation later on?