Fishermans Bend (formerly Fishermen's Bend) is a precinct within the City of Port Phillip and the City of Melbourne. It is located on the south of the Yarra River in the suburb of Port Melbourne and opposite Coode Island, close to Melbourne city centre. Fishermans Bend originally included the area now known as Garden City, which was renamed in 1929. Since 2012 the area has been designated as a major urban renewal area, with plans for 80,000 residents by 2050. The future framework for Fishermans Bend includes one major employment precinct and four primarily residential suburbs.