Four companies have been shortlisted for the $300 million mixed-use development as part of Development Victoria’s Revitalising Central Dandenong project.
Capital Alliance Group, Brady Group, MAB and Quintessential Equity were shortlisted after a competitive Expression of Interest process.
Development Victoria experienced strong interest in the private sector to transform a two-hectare site in the heart of Dandenong, located next to Dandenong Railway Station.
The revitalisation project presents an opportunity to create a vibrant, cohesive mixed-use precinct, further enhancing the area’s reputation as a great place to live, work and visit.
The area includes the Little India precinct, Melbourne’s longest-standing cluster of Indian culture and commerce.
The four-short-listed companies have acknowledged the cultural significance of the site and have incorporated Indian themed offerings in their submissions.
Following the conclusion of a Request for Proposal process in 2020, Development Victoria will work with the successful developer to consult with the local community and businesses during the design phase, in collaboration with the City of Greater Dandenong.
The project’s Request for Proposal phase will commence later in November 2019 and close in February 2020.
Subject to a developer being appointed in 2020, construction is expected to commence from 2023.
The Revitalising Central Dandenong project was launched in 2006 and represents $290 million investment by the Victorian Government which has attracted close to $700 million in private investment. It has delivered a range of jobs and economic growth.
The project has improved pedestrian connections and safety on Lonsdale Street, provided new community recreational facilities and delivered a number of new developments in central Dandenong including the State Government Services Hub, ATO, Council Civic Centre and Quest Apartments.