Vicinity Centres has revealed plans for five key projects, totalling $685 million, to continue the evolution of Melbourne suburb Chadstone, with the community invited to provide feedback on the proposed developments.
Development applications (DAs) have been lodged with the City of Stonnington which include:
- More than 1,400 additional car spaces, across two car parks (two separate DAs).
- New nine-storey commercial office building on Middle Road.
- Expansion of the current dining terrace and leisure precinct.
- Upgraded fresh food precinct, with focus on workplace, wellness and lifestyle retailers.
- Further expansion of Australia’s biggest luxury mall.
Meeting changing consumer lifestyle needs and addressing future employment trends is at the heart of the proposal. The projects won’t increase the size of the precinct but rather refresh and repurpose existing space, utilising land within the current Chadstone footprint.
Vicinity’s Chief Development Officer, Carolyn Viney, said their vision and proposed plans aim to further enhance Chadstone’s status as one of the world’s leading integrated lifestyle destinations, with more than 24 million visitors a year.
“We know Chadstone plays a significant role within the growing Monash economic region supporting ongoing and future employment. Our plans will address demand from commercial tenants wanting to be based at Chadstone and continue to deliver the experiences our customers and retailers have come to expect from The Fashion Capital.”
Ms Viney said with Victoria’s population expected to add another one million people by 20262, places like Chadstone are well-placed to accommodate the city’s expansion without disrupting the liveability of Melbourne’s suburbs.
“Our destination centres, such as Chadstone, are community hubs bringing together the key elements that create the vibrant neighbourhood feel we all crave. We’re combining world class, experience-led retailing, convenient services, office space and accommodation, all enabled by robust public transport connections,” Ms Viney said.
The DAs are subject to the usual approval process by the City of Stonnington and the projects require approval by Chadstone’s co-owners. If approved, it’s anticipated work could begin in 2021, with completion within four years.
Chadstone Director, Fiona Mackenzie has invited the Chadstone community to be part of the planning process during 10 weeks of consultation, with information sessions to be held in December, January and February.
“Our customers and community have told us they want more dining and entertainment at Chadstone so our plans include an extended dining precinct and additional fresh food to match their lifestyle needs. We’re also working to improve accessibility with more than 1,400 additional car spaces – making Chadstone’s the largest, free car park in Australia.
“Transport remains a critical consideration for our customers, retailers and the broader Chadstone workforce and we think these projects, coupled with government investment in exploring the feasibility of light rail, will enhance the liveability and economic value of our region,” Ms Mackenzie said.