Australian City Regeneration Plan Unveiled
Join Our Newsletter - Get important industry news and analysis sent to your inbox – sign up to our e-Newsletter here
X

Australian City Regeneration Plan Unveiled

21 Jul 2010

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 d

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.