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One of Melbourne's most cherished lakeside venues will reopen as a vibrant new restaurant and bistro

Australian Venue Company (AVC) plan to invest $3.4 million into transforming the beloved landmark, formerly known as fine diner the Point

Lauren Dinse
Written by
Lauren Dinse
Food & Drink Writer
Artistic render of Albert Park Lake House.
Image: Supplied / Parks Victoria
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The Point was one of Melbourne’s favourite spots for special occasions for over two decades, thanks to its breathtaking views over Albert Park Lake and an impressive rotation of hospo talent; Ian Curley, Scott Pickett and a former Vue de Monde alum are among the chefs who manned the helm at various times throughout the restaurant’s tenure. 

In 2018, the owners announced the closure of the Point and a Chinese fusion restaurant operated in its place until 2021. The space has largely remained under the radar ever since.

But the next exciting chapter now awaits for the prominent lakeside venue, courtesy of an ambitious new partnership between Parks Victoria and Australian Venue Company (AVC). 

The two parties are planning to reopen the site as Albert Park Lake House – a sleek new contemporary restaurant and hub for functions and events. A casual bistro will feature on the ground floor, complete with a balcony overlooking the lush, sweeping parklands, lake and Melbourne CBD skyline.

A render of the first level functions space.
Image: Supplied / Parks Victoria

AVC will be investing a reported $3.4 million into the project and renovations are expected to begin later this year or early 2026. Evan Gargaro, the Victorian state manager for AVC, commented, “We are thrilled to be partnering with Parks Victoria on this iconic project. The team is looking forward to bringing the reimagined Albert Park Lake House to life."

Albert Park Lake House is anticipated to open its doors by mid-2026. For more information as details are released, check back here or visit the Parks Victoria website.

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