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Written by Marc Pallisco
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Friday, 16 July 2010 00:24 |
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 MELBOURNE’s biggest residential development site, measured by area, was quietly relisted for sale this week.
After failing to sell last year, the private families that control a 555 hectare block of land at 65 – 453 Hopkins Street, in Truganina, are trying their luck in a more buoyant market.
The land is near the new Western Freeway extension (known during construction as the Deer Park Bypass), which opened last year, and marries into the Western Highway at the suburb border of Caroline Springs, Ravenhall and Rockbank.
The site is was expected to yield about $100 million when it hit the market last year, with estimates up to 6000 residential lots could be built on the farmland, following a rezoning.
CB Richard Ellis is marketing the site this time around.
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