Its Local Government Area are the Cities of Melbourne and Port Phillip. At the 2011 Census, Southbank had a population of 11,235. Southbank is an inner city suburb of Melbourne, located just south of the Yarra River and Southgate. Southbank is bordered to the north by the Yarra River, and to the east by St Kilda Road. Southbank's southern and western borders are bounded by Dorcas Street, Kings Way, the West Gate Freeway and Montague Street. Southbank was formerly an industrial area and part of South Melbourne. It was transformed into a densely populated district of high rise apartment and office buildings as part of an urban renewal program in the early 1990s. Today Southbank is dominated by high-rise development. It is one of the primary business centres in Greater Melbourne, being the headquarters or regional offices of many major corporations. It is one of the most densely populated areas of Melbourne, with a large cluster of apartment towers, including Australia's tallest tower, the Eureka Tower. Southbank Promenade and Southgate Arts and Leisure Precinct, on the southern bank of the Yarra River, extending to Crown Casino, is one of Melbourne's major entertainment precincts.