Development Victoria

Foster Street Redevelopment

Expression of Interest

The Victorian Government is inviting expressions of interest from developers to transform a large site in the heart of central Dandenong.

The site, next to the busy Dandenong Railway Station, offers an exciting opportunity to develop a vibrant mixed-use precinct, further enhancing the city’s reputation as a great place to live and work. It includes the Little India precinct, Melbourne’s longest-standing cluster of Indian culture and commerce.

How does the Expression of Interest process work? 
The Expression of Interest (EOI) is the first stage of a three-staged transaction process. Future stages include Request for Proposal (RFP) and execution of contract (Development Agreement). 

Development Victoria has undertaken previous investigations including market sounding, to inform the future redevelopment of sites within the Revitalising Central Dandenong project area. 

How will this proposed redevelopment benefit the Dandenong community? 
The proposed redevelopment is expected to create construction and ongoing jobs, attract further private sector investment, enhance economic activity in central Dandenong as well as improve public safety and amenity.

Which sites are being offered for redevelopment? 
Development parcels 11-15 (inclusive) currently known as Little India, located around Foster Street is the site being offered for sale and redevelopment as part of the EOI process. The site forms part of the Revitalising Central Dandenong Declared Project Area, that has been earmarked for rejuvenation and urban renewal since 2006.

Will you protect the Little India precinct?
The Victorian Government acknowledges the social and cultural significance of the Little India precinct in central Dandenong and its contribution to the local economy. 

A prosperous, accessible and sustainable Little India precinct is an integral part of the RCD vision and master plan. The proposed redevelopment will aim to deliver enhanced Indian retail and cultural offerings within a contemporary mixed-use development.

Will the local community and traders be consulted about development plans?
Development Victoria will engage with the local community and traders to keep them informed during each stage of the development process.

Will current tenants and traders be invited to be part of a future development?
Development Victoria will work with the successful developer to ensure traders within the Little India precinct are invited to be part of any future development and local businesses and the community are consulted during the design process.
Want to find out more?Community-information-session

Visit Collier International’s website to find out more about the redevelopment opportunity.