Investment group Capital Alliance has released the draft masterplan for the Revitalising Central Dandenong Project, which is expected to create 2600 jobs during construction.
The draft masterplan showcases the proposal for Dandenong, in Melbourne’s south east, and includes creating at least 470 new dwellings, a hotel and conference centre, offices and community spaces.
An urban brewery entertainment district will also be built, as well as an education facility, retail, a medical facility, a cinema and dining.
Victorian Transport Infrastructure Minister Jacinta Allan said the project had taken another step forward, with the project’s phase draft masterplan for community feedback, along with design renders to give locals a glimpse of what it will look like.
“We’re not only delivering more trains, more often to Dandenong – we’re delivering more housing, and jobs for this local area,” she said.
“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.”
To maintain the site’s strong cultural identity, the project will also deliver a brand-new Little India precinct. The new Little India will provide more modern facilities and services, as well as better spaces for tenants, and will be built as part of the development’s first stage to minimise disruptions to traders.
Construction on the development’s first stage is expected to begin in 2023 – which includes delivering a supermarket, food market hall and residential building.
Capital Alliance will invest $600 million to develop the area next to the Dandenong transport hub.
“We’re proud to share this draft master plan with the community to rejuvenate central Dandenong – with the project to benefit generations to come,” Capital Alliance Founder and Chief Executive Mohan Du said.
The Victorian Government is delivering the Revitalising Central Dandenong project through Development Victoria, with support from Greater Dandenong Council.