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Chadstone Capital moves to construction

Chadstone Capital moves to construction

Like it or loathe it, Chadstone Shopping Centre is about to enter another expansionary phase which will further solidify its position as Australia's largest. Beyond the planned push to over 215,000 square metres of leasable space, the headline construction note within the upcoming phase will be the delivery of premium office tower fronting Dandenong Road.

With near 16,000 square metres of office space expected, the soon to be under construction commercial building will in due course be joined by an additional tower containing 190 hotel suites. Both towers were covered in a previous Urban Melbourne article.

Chadstone Capital moves to construction

The office tower is included within Stage 38 and according to website EstimateOne also includes the following:

Early Works

  • Bulk excavation and site retention of the new car park located under the office tower
  • Underpinning of the existing Myer car park

Stage One Works (Separable Portions apply)

  • New Myer car park deck
  • Pedestrian link
  • New bus interchange
  • Road works to Eastern Road
  • New signage gantries to Eastern Road
  • Road works to Princes Highway
  • Commercial in-ground carparking and ramping
  • Office tower excluding tenant fitout
  • Landscaping
  • Screeding over future site for Hotel

Chadstone Capital moves to construction

In addition, Stage 40 which centres around an expanded retail offering is also out to construction tender. According to the official website, "The new development proposal represents an investment of over $500 million by its owners, creating significant employment throughout the economy for the broader community (2,700 direct jobs during construction and 2,200 ongoing)."

Currently six major builders are in the running, although Probuild may have the upper hand given they have delivered a variety of expansion projects for the centre over a 15 year period.

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