New $300m project earmarked for Melbourne
Property investment in the Melbourne Docklands may become more attractive after the announcement of ...
Property investment in the Melbourne Docklands may become more attractive after the announcement of $300 million community infrastructure project.
Victorian planning minister Matthew Guy said the new development would include a new cafe, outdoor space and edible garden - boosting the waterfront destination's appeal with residents and visitors.
Unveiling the plans yesterday (July 15), Mr Guy said the harbourside area, already the centre of multibillion projects under the Docklands Community and Place Plan, continued to boost the state's economy.
"The last year alone has seen more than $2.4 billion worth of commercial and residential development under construction across 16 projects, including more than 1,500 dwellings," he explained.
The latest project may attract the interest of those looking for commercial property investment opportunities in Melbourne.
"Although only 50 per cent has been developed to date, Docklands is already an economic hub, having attracted more than $8.5 billion of private investment," Mr Guy explained.
Other initiatives forming part of the Docklands Community and Place Plan include a library and community centre, exhibition and performance spaces, sporting facilities, running and walking tracks and a community boating hub.