The theatre, which originally opened in 1927, has been subject to a restoration job that has returned its original look and colour and has included a with a new automated lighting system.
This Thursday, the opening night of the St Kilda Film Festival will take place at the newly restored venue.
The restoration was made possible thanks to the combined efforts of the Victorian State Government, the City of Port Phillip and new leaseholders Live Nation, who took control of the venue in July 2016.
The Palais Theatre has had restoration work done on its historic ceiling domes, foyer, and iconic Palais Theatre sign, and these works will continue to be scheduled around upcoming events over the next few months.
“We said we would save the Palais to ensure it remains an important part of St Kilda’s culture and Victoria’s live music scene for many years to come – that’s exactly what we’ve done,” says Victorian Minister for Creative Industries Martin Foley.
“Everyone from Mick Jagger to Kylie Minogue has strutted their stuff on the Palais stage, and generations of Victorians have enjoyed countless nights of entertainment at the venue. Long may that continue.”
Check out some pictures of the ongoing restoration below.