Caulfield plan gets the nod

Date: August 18,  2012

Philip Hopkins

A $1 BILLION-PLUS development at Caulfield Racecourse that will create a village where hundreds of people will live and work has been given the go ahead.

The Melbourne Racing Club yesterday awarded the contract for the project to the Beck Probuild Consortium. It will be built on five hectares of land next to the racecourse, Caulfield train station and Monash University.

The development is expected to take up to 15 years to complete and will include more than 1500 dwellings of different types, and office and retail space, including a supermarket, pharmacy, cafes, restaurants, and other health and recreational outlets.

During construction, the development is expected to generate up to 5000 jobs and an ongoing 1100 jobs once completed. Construction is tipped to start within 24 months.

The Melbourne Racing Club will also upgrade the racecourse to complement the  project. The winning consortium is a joint venture between Beck Property Group  and Probuild Constructions.

A new street, The Boulevard, will be the heart of the project, which will  comprise three primary precincts:

■Precinct 1, to the west of the development, will be a low/medium-density  residential area.

■Precinct 2 will be a mixed-use precinct with active street frontages,  tree-lined laneways with retail outlets, including a supermarket, specialty  shops, and a restaurant hub established around the new Boulevard road link.

■Precinct 3 will encompass the Smith Street precinct based in the eastern  section of the site next to Caulfield Station comprising a mix of commercial,  residential and retirement accommodation.

Planning approval came after consultation with the City of Glen Eira, the  local community, state planning authorities, local state MP David Southwick and  other stakeholders.

Melbourne Racing Club’s upgrade of the racecourse infield will include five  activated precincts, exercise pods, a jogging trail, a lake pathway, lake  boardwalk, barbecue, toilets, a picnic area, a dog off-leash area, and a junior  football pitch.

Parking for the new project will be fully contained within the development,  with race-day parking staying in the existing racecourse car parks.

A communication plan will be produced to outline the timing and detail of the  development as master plans are finalised.

MRC chairman Mike Symons said the development would  bring a new vitality to  the area.

Consortium director Sam Beck said the project would deliver a world class new  suburb for Melbourne.

Probuild managing director Phil Mehrten said it was a great outcome for  Melbourne’s construction industry.

”This will mean jobs and investment, and is a vote of confidence in the  future of Melbourne’s development industry,” he said.

Read more: http://www.smh.com.au/business/caulfield-plan-gets-the-nod-20120817-24e03.html#ixzz23qrFe1Ed