Plans to demolish Melbourne's historic Festival Hall have hit a wall as the venue has received Victorian heritage listing. 

As ABC reports, the 100-year old venue, which has hosted the likes of The Beatles and The Rolling Stones, was deemed a place of "cultural heritage significance" by Heritage Council Victoria last week.

It comes after owners revealed plans to sell the site to Melbourne City Council this past January, proposing two 16-storey towers at the site, believed to cost $65 million, which would include apartments, office spaces and retail stores. 

However despite the news, Planning Minister Richard Wynne said the listing will not completely stop developments.

"Important elements of Festival Hall will have to be retained, including the facade, the box offices, the tiered seating, and the developer will need to work with the Heritage Council to ensure that any future development of the site respects the rich heritage of Festival Hall," Wynne said.

"It means that it can be redeveloped, but it has to respect the heritage of what is one of the most iconic buildings in Melbourne."

Other names who have performed at Festival Hall over the years include Liam Gallagher, Gang Of Youths, Patti Smith and Queens Of The Stone Age, while acts such as Courtney Barnett, MGMT and The Wombats performed there in recent months.



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