Central Equity was a leader in the development of the area with apartment towers beginning in the mid 1990s, including Riverside Place, The Summit, Sentinel, Victoria Tower, Melbourne Tower and City Tower in the streets behind the waterfront. Central Equity apartments are aimed at both the owner occupier and rental market with management provided by Melbourne Inner City Management (MICM), a fully owned subsidiary of Central Equity. The 91 floor Eureka Tower was begun in 2002, aimed at being the tallest residential tower in the world and was completed in 2006. As part of the initial construction of Southgate, St Johns Lutheran Church relocated from the land that is now the site of the Herald and Weekly Times building a few metres up City Road, to 20 City Road, and serves the Southbank community as a church and spiritual centre. The Church can be accessed either from City Rd or from the Southgate Shopping complex. The Queensbridge Precinct began development in 2005 with Freshwater Place. A plaza linked to the north bank and Flinders Street railway station via a pedestrian and cycle path developed on the Sandridge Bridge. Having been disused since the closure of the railway line in 1987, it was spared from demolition and was opened to the public on 12 March 2006, just in time for the 2006 Commonwealth Games. The Northbank promenade was completed later in 2006 linking other promenades on the north side of the river.