Artist’s impression of the Mosaic development in Dandenong.AN $85 million project involving luxury apartments, offices and shopping outlets, coupled with strong demand for new office-warehouses, is a pointer to the continuing buoyancy of the state government’s $290 million Dandenong revitalisation strategy.
Mosaic, designed by Peddle Thorp Architects, comprising 235 one or two-bedroom apartments, offices and retail spaces, has just hit the market. It is part of the Metro Village estate being built near the Dandenong city centre.
Mosaic is designed around a landscaped courtyard that will provide a central meeting space for residents. According to the developer, Burbank, most apartments achieve a 7-Star energy-efficiency rating through cross-ventilation and double-glazing.
Dandenong is relying on the area’s upgraded transport network to foster residential, office and industrial development.
EastLink and the Monash Freeway provide faster access, while the Dandenong Bypass, coupled with the freeways plus the South Gippsland Highway, create what is effectively a ring road. This is designed to take heavy traffic out of the centre of the city.
The impending opening of the new EastLink connection to Peninsula Link, scheduled for completion early next year, will also create new links between Dandenong, Frankston and the Mornington Peninsula.
Colliers International’s Paul Jones said these factors were encouraging projects in the industrial estate. Developers were increasingly using previously ”dead” space to build speculative 1400 to 2000-square-metre premises.
Mr Jones said most demand was for properties with two-storey offices, with most inquiries coming from businesses looking to lease or buy.
Mr Jones and colleague Colin Tarlamis are marketing several high-quality properties in Arkwright Drive and Rodeo Drive in Dandenong South, and in Pacific Drive, Keysborough. The properties are all close to the major transport routes, including Greens Road.
The agents are also marketing 13,886 sq m of speculative development with Governor Road frontage in Braeside. Buyers have already snapped up 11 of the 14 properties in stage 1 of the project.
Encouraged by this, the developer is about to start work on stage 2, which is scheduled to start next month. This will involve the construction of a further 10 properties.
Mr Tarlamis said the response to this estate was a prime example of the interest he had seen from businesses keen to relocate closer to EastLink.
”We have a lot of people asking us about the Hastings railroad and Port of Hastings, as Keysborough, Dandenong and this section of Braeside will become a central point between the Melbourne CBD and the prospective new port,” he said.
This story Administrator ready to work first appeared on Nanjing Night Net.