Melbourne builds for the future: 10-year development
|
9 April 2009
|
Victorian Government developer, VicUrban, will embark on a 10-year project to build a new suburb in Melbourne’s west which will deliver 3000 new homes and an ongoing economic stimulus to the state.
|
Premier John Brumby today welcomed the announcement of a Federal-State partnership to build the new suburb in Melbourne’s west, saying the project would deliver 7500 jobs and a mix of affordable housing options.
Mr Brumby said the project – to be built on 128 hectares of former Department of Defence land, including river frontage - was expected to create about 4500 construction jobs during the 10 year development period, with up to 3000 ongoing employment opportunities through the creation of a local business precinct.
VicUrban Chief Executive Officer, Pru Sanderson, said that VicUrban was ideally placed to undertake this development, with a proven track record in delivering challenging urban renewal projects, such as the Department of Defence’s former Albion Explosives Factory in Brimbank which is now VicUrban’s award-winning Cairnlea residential development.
“This project will also offer significant development opportunities for the private sector and VicUrban has a wealth of experience in working with both large and small developers through our various residential developments and Melbourne Docklands,” Ms Sanderson said.
“VicUrban will continue to work with the City of Maribyrnong and local stakeholders to make certain the right mix of homes, and businesses are located within the site.”
Acting Planning Minister Peter Batchelor said the Victorian Government’s Melbourne@5 million planning strategy identified that 53 per cent of Melbourne’s new homes will need to be within established areas of the city.
“This project provides a real example of that policy being brought to life.
“Some 6000 people will call this site their home when it is completed. This is an opportunity to provide affordable and environmentally friendly housing choice in an established area, well serviced by important facilities such as schools, shops and transport,” he said.
Work is already underway by the Department of Defence to prepare the site for the VicUrban development.
|
