Major Projects to Proceed in Cranbourne, Melbourne

IT has been a busy period in Melbourne’s outer south-east.

Last week, Planning Minister Justin Madden unveiled a master plan for a new suburb, Cranbourne East, capable of accommodating 20,000 people.

Now, in nearby Cranbourne West, first time developer Wolfdene is readying to start marketing the first blocks within its $56 million Alarah estate, at 660 Hall Road.

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VicRoads Applies to Convert Freeway Wedge Into Housing Estate

IN AN environment where government bureaucrats and planners behave like Melbourne has less land for redevelopment than London, it’s no surprise VicRoads is trying to flog off a poorly located site beside the junction of three busy highways.

VicRoads has requested to rezone two parcels of land known as 25 and 55 Burwood Highway, in Wantirna, which it compulsorily acquired to build the Eastlink tollway, but no longer needs.

The affected land is well serviced by transport – abutting the busy intersection of Burwood and Mountain highways, and Eastlink, about 25 kilometres east of the CBD.

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Developer Pays $17 Million At Auction For Dandenong South Industrial Site

A LOCAL developer has paid $17 million at auction for a major development site in Dandenong South – the heart of industrial activity in Melbourne’s south-east.

Three bidders competed to buy the 32 hectare site, which has a massive 501 metre frontage to the busy Frankston Dandenong Road and is near the Thompson Road junction of Eastlink.

The site was marketed as an opportunity to own and masterplan a major industrial subdivision. Industrial zoned land in the south-east is more limited than in the western and northern suburbs, which is why land values and rents are higher.

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McDonalds Ready to Redevelop Prominent Ringwood Site

AFTER picking up a prominent eastern suburb development site at a particularly depressed time in the property cycle last year, fast food chain McDonalds is readying to play property developer.

McDonalds is looking to replace part of a prominent former Patterson Cheney car dealership at 43 – 57 Maroondah Highway in Ringwood, with a 24-hour restaurant.

It paid about $15 million for the massive 16,380 square metre site, near the Maroondah Highway exit of Eastlink, almost a year ago.

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