This article is from the Australian Property Journal archive
DEVELOPER Capital Alliance is proposing to invest $600 million to transform central Dandenong in Melbourne’s south eastern suburbs, into a vibrant new residential, retail and commercial hub.
Victorian Minister for Transport Infrastructure Jacinta Allan yesterday announced that the next phase draft masterplan to develop the area next to the Dandenong transport hub will be released for community feedback.
The draft masterplan includes creating at least 470 new dwellings, a hotel and conference centre, offices and community spaces.
Furthermore there will be an urban brewery entertainment district, education facility, retail, a medical facility, a cinema and dining as well as a Little India precinct.
Construction on the development’s first stage is expected to commence in 2023 – which also includes delivering a supermarket, food market hall and residential building.
More than 2,600 jobs will be creased during construction and close to 5,000 ongoing positions once complete.
Capital Alliance founder and chief executive Mohan Du said the project will benefit generations to come.
Minister Allan said the project will complement the government’s transport investments in the south-east, better connecting locals with $15 billion to upgrade the Cranbourne/Pakenham line – slashing travel times, delivering bigger trains and creating a direct link to Melbourne Airport through the Metro Tunnel.
“We encourage locals to have their say on the draft masterplan and will continue to work with them on progressing this project – which will transform Dandenong and create thousands of jobs at a time our community needs them most.” Allan said.
