$750 Million Caulfield Village Plans Advancing

The development will also include a 10-level residential tower, a 100-room serviced apartment complex, a 250-unit “over 55” community and a 15,000 square metre shopping centre including a supermarket, specialty shops and two cafe and restaurant precincts.
 
MRC development manager Brian Discombe told BusinessDay he hopes a comprehensive development proposal will be on public display by the end of the year. He expects construction of Caulfield Village will take place “west to east”, meaning aged care units, apartments and retail will be developed before the offices, which have frontage to Normanby Road.
 
The MRC will retain some of the commercial assets in the project as income-generating investments. Caulfield Village is expected to be developed over the next five to seven years, Mr Clark said.
 
An existing road connecting the Princes Highway to the Caulfield Village site will be extended into the mixed use project, which will also include cycle paths, and a range of sustainable design initiatives.

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Marc Pallisco

A former property analyst and journalist, Marc is the publisher of realestatesource.com.au.

Marc Pallisco

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