Regeneration plans for the city of Dandenong in Victoria, Australia, have been unveiled by government agency VicUrban.
VicUrban has also released two sites – one measuring 2,485m² and the other 4,315m² – for the proposed mixed-use schemes which are expected to be delivered by private developers.
The 7ha site will house retail, commercial office and residential buildings with a minimum green star design rating.
The Dandenong urban renewal project is a 15 to 20-year project and is the second-biggest in Australia.
The project will receive A$290m (US$255m) from the state government while A$1bn (US$881m) will be secured in private investment.
The site will feature new streets and some existing ones will be extended. Lonsdale Street will become a pedestrian-friendly boulevard.
The building is expected to be finished by November 2011, according to theage.com.au.