Victorian State Government Pays $21 Million For Riverfront Development Site, Footscray

AS PART of its push to ensure there is a 20 – 25 year supply of land available for residential development, the new state government’s development agency, VicUrban, has outmuscled developers for one of the western suburb’s most prominent future development sites.

VicUrban is believed to be paying about $21 million for the outgoing Le Mans Toyota car dealership, overlooking the banks of the Maribyrnong River and at the suburb border of Footscray and West Melbourne.

The 1.3 hectare site is opposite the Hopetoun Bridge, which connects Hopkins Street to Dynon Road, near Melbourne’s Market precinct.

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Victorian State Government Offloads More Inner-City Property

Victorian Premier John BrumbyTHE State Government is continuing to offload prime located development sites around freeway edges and wedges.

The latest listing, by the Victorian Department of Treasury and Finance, is at 12 – 62 Cook Street, Port Melbourne, abutting the West Gate Freeway, on the city-side between Todd Road and Salmon Street.

The 3.1 hectare site is perhaps most recognized as being the VicRoads Westgate Training and Conference Centre.

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