Frasers Property Australia will replace a Clyde North dairy farm with 1600 dwellings and 6000 square metre town centre after striking a partnership for the eight-year project with the land owner.
The 116.3 hectare Five Farms Hardys Road housing estate is also earmarked for a residents club, primary school and childcare centre.
A 1945 fibro cement clad craftsmans bungalow registered with the Victorian Heritage Council has been mooted for community use.
Frasers is also anticipating some co-work offices within the redevelopment.
The site abuts a 71ha farm on Pattersons Rd which Goldfields acquired from the Grossi family for c$110m last year with the intention to replace with a c1000-lot residential project.
Stockland has an estate in Clyde North too (Edgebrook) as does National Pacific Properties, part of the Burbank Group of Companies, Mirvac and former footballer Fraser Brown, via his Brown Property Group.
The suburb is about 50 kilometres south east of Melbourne and nine kilometres from the Monash Freeway.
First land lots in 10 months: Frasers
Frasers’ executive general manager, Development, Cameron Leggatt, said that prior to the COVID-19 pandemic, the City of Casey was the second best performing land market in Australia in regard to demand (story continues below).
“The corridor is highly sought-after for its proximity to the Mornington Peninsula, it’s affordability and for the lifestyle choices it offers,” the executive added.
“These fundamentals remain, and we have a real opportunity to design and develop a new community that takes into consideration everything we have learnt during the COVID-19 experience about what communities will need now and into the future.”
The developer intends to release a masterplan for 270-272 Hardys Rd at the end of this year and be offering the first land lots by mid-2021.
Plan will pay homage to site’s farming history: owners
Mr Leggatt said the site has for a century had a proud farming history – which will be communicated into the design of its housing estate.
“The current owners also want to be part of that process, cementing their family legacy for future generations,” the executive added.
Elsewhere in Clyde North, Frasers is developing the Berwick Waters estate (pictured, top).
West of Melbourne, it is proposing Mambourin in Wyndham Vale and The Grove, Tarneit.