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A MAJOR urban village worth almost $1 billion is expected to be unveiled within weeks, to replace one of the western suburb’s most prominent factories.
It’s speculated planning minister Justin Madden, members of the Maribyrnong City Council and developer DE Group, will launch the Yarraville Gardens Estate, and Yarraville Gardens Shopping Centre, to be developed on a 26 hectare site known as the former Bradmill factory – at the suburb border of West Footscray and Altona North – about 10 kilometres from the CBD.
EVOLVE Development has quietly taken control of a $300 million housing estate in Melbourne’s outer north.
The boutique builder, co-owned by outgoing Fairfax Media chairman Ron Walker and business identity Ashley Williams, is believed to have paid Australand about $35 million for the 60 hectare parcel of land at the suburb border of Wollert and the precinct known as Epping North, about 23 kilometres from town.
To be branded Summerhill, the residential project will be the first land subdivision project for the six-year old Evolve, which has traditionally developed trendy apartment complexes in inner-city areas, like Carlton, North Melbourne and Prahran.