The $2bn Plan to Elevate Dandenong: What You Need to Know
Capital Alliance, alongside Development Victoria, is set to redefine Dandenong’s future with an ambitious $2-billion masterplan. Approved by the Victorian government, this transformative project will turn the suburb’s city centre into a dynamic second capital city. Spanning a 2ha site near Dandenong Train Station, the development promises a vibrant high-rise hub that seamlessly integrates modern living, business opportunities, and cultural heritage.
Project Highlights and Standout Features
New Little India Precinct: A vibrant cultural hub on Foster Street, replacing the existing precinct on Mason Street.
Diverse Mixed-Use Spaces: Includes apartments, offices, retail outlets, a hotel, healthcare facilities, and educational spaces.
Affordable Housing Commitment: Over 480 residential units, with at least 10% designated as affordable housing.
Economic Impact: Expected to generate $1.5 billion annually in revenue upon completion, supported by $600 million in private investment.
Community Concerns: Plans to relocate Little India have raised questions about gentrification, high rents, and cultural authenticity.
In-Depth Look at the Development's Design and Features
Site Scope: Revitalisation of five blocks (Sites 11 to 15) from Settlers Square to Thomas Street, along Foster Street.
Space Allocation:
Residential: 37,000m² for housing.
Commercial and Healthcare: 117,000m² for offices, healthcare, aged care, and education.
Retail: 12,000m² for shopping and dining.
Hotel and Education: 11,000m² for a hotel and 4,000m² for educational facilities.
Timeline: Early works start in 2025, with construction set for 2026 after finalising designs.
Project Partners and Specifications
Developers: Capital Alliance and Development Victoria.
Previous Projects: Capital Alliance’s portfolio includes the AC by Marriott in South Melbourne and the Peppers and Marriott Hotels in Docklands.
Revitalising Central Dandenong: Capital Alliance won the tender for this initiative in 2020.
The plan builds on earlier efforts to rejuvenate Dandenong, initially launched two decades ago. Once a satellite city, Dandenong is now a key part of Greater Melbourne and one of its most culturally diverse suburbs, promising a future that honours its heritage while embracing progress.
