It's not every day an intended project can lay claim to being the largest mixed-use development outside of Melbourne's CBD.
Clayton will soon enough host M-City, a massive project on a 35,000sqm site located at 2107-2125 Dandenong Road. Controlled by local developer Nick Saraceno for the best part of 25 years, the long-dormant site's new launch as M-City comes after previously being referred to as the Nova Centre.
Having been in the works for a decade, the state planning minister of the day became the approving authority for the project during 2009, with the green light granted thereafter.
Schiavello have since been enlisted as joint developer alongside Saraceno Group for M-City, which at the time of approval carried a price tag of $600 million.
Stage One of M-City sees 170 one, two and three bedroom apartments on offer, with apartment internals ranging between 46sqm and 102sqm. CBRE have been installed as the master sales agent.
Beyond the initial apartment release, three additional residential buildings are in the works, as is a 225-suite international hotel, 189 serviced apartments and a commercial office building. During planning the commercial aspect consisted of a seven-level office building containing approximately 13,000sqm of leasable space, although the final figure under the M-City banner is unclear.
Kmart and Woolworths have been earmarked as anchors for the sizeable retail portion of the mixed-use project, with a cinema complex also in the works.
Long serving project architects Buchan Group continue to oversee the project, tweaking the approved plans to create M-City. Amenities include the ubiquitous pool and gym, a landscaped rooftop garden, tennis facilities, open air games area and BBQ space. M-City will also host a child care centre.
Such a scale of M-City, it has been listed as a stand-alone future activity centre within the Monash National Employment and Innovation Cluster.
In the middle of the Victorian Planning Authority's freshly released Draft Framework Plan for the Monash Cluster, M-City will be surrounded by the largest concentration of jobs outside of the Melbourne's CBD. An ongoing target for a number of large commercial and institutional developments, Monash Cluster includes Monash University's ongoing transformation and the Frasers-backed 60,000sqm commercial development at 254-294 Wellington Road, Mulgrave.
Construction on M-City's first phase is slated to begin later this year, with an approximate construction timeframe of 18 months expected.