The Lonsdale - 27 Scott Street, Dandenong VIC 3175

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In recent weeks numerous vacant central Dandenong development lots have been placarded with 'Land for sale" signage, representing a sizeable chunk of real estate within the precinct controlled by Places Victoria. According to the Victorian Government’s property development agency who controls Dandenong's CBD under the Revitalising Central Dandenong initiative, "Further sites will be brought to the market in line with demand."

Four to five sites have been spotted with signage, predominantly on and around Walker Street which represents the epicentre of recent and current construction activity in the precinct.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/img_1815.jpg" rel="gallery-all" title="Up for grabs - another Dandenong development site "><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/img_1815.jpg?itok=YGDtwrwY" title="Up for grabs - another Dandenong development site " width="580"></a>

<figcaption>Up for grabs - another Dandenong development site</figcaption></figure>State held development sites aren't the only to be offered at the moment with two enduring privately held blocks also set for sale. Both <a href="https://www.urban.com.au/new-apartments/dandenong-vic-3175">285 Thomas Street</a> and <a href="https://www.urban.com.au/buildings/the-lonsdale-27-scott-street-dandenong-vic-3175">27 Scott Street</a> have been on the radar for some time with the latter maintaining a sales campaign for over two years, but to no avail.

Pointing to the difficulties in establishing a viable high-density residential market in Dandenong, 285 Thomas Street began as the design highlighted below only to morph into an office project once residential demand was deemed to be inadequate. 27 Scott Street was initially a taller building and had Platinum Construction appointed as builder, but now also finds itself for sale as a vacant development site.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image4_0.jpg" rel="gallery-all" title="285 Thomas Street &amp; 27 Scott Street, Dandenong"><img alt="" class="image-article-full-width-580px" height="279" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/image4_0.jpg?itok=T5-SnBb8" title="285 Thomas Street &amp; 27 Scott Street, Dandenong" width="580"></a>

<figcaption>285 Thomas Street &amp; 27 Scott Street, Dandenong</figcaption></figure>It's not all a state of flux in Dandenong with three projects maintaining a degree of forward momentum in the area. The Australian Taxation Office's new Dandenong outlet at 11-13 Robinson Street continues to make rapid progress with the 13,803 square metre facility expected to be tenant ready by September 2015.

In addition Burbank's <a href="https://www.urban.com.au/buildings/mosaic-living-80-cheltenham-rd-dandenong">Mosaic</a> apartment project is nearing completion while Pellicano have initiated construction works at Quest Dandenong, a 55 bed serviced apartment building situated on the corner of Mason and Walker.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image5.jpg" rel="gallery-all" title="The current state of play"><img alt="" class="image-article-full-width-580px" height="560" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/image5.jpg?itok=UqBIEVBb" title="The current state of play" width="580"></a>

<figcaption>The current state of play</figcaption></figure><h2>Comment</h2>

Observing Revitalising Central Dandenong since inception, it's fair to say demand for the precinct has been moderate; sufficient, almost measured but by no means overwhelming. Project delivery has been patchy with a fair list of projects that have never seen the light of day, so it's somewhat baffling that Places Victoria has released multiple sites for development simultaneously.

While demand for inner-city sites is rampant, those same factors underpinning Melbourne do not apply to Dandenong. It's difficult to see the rationale behind offering these sites for sale concurrently when market demand doesn't look to match.

Whether it be an opportunistic and well timed move by Places Victoria or essentially a fire sale of underperforming assets, the results will make for interesting reading.
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silvermb

Is Dandenong headed for a fire sale?

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Last week project partners celebrated the official start to works for Dandenong's new ATO complex, which spearheads an increased level of development in Melbourne's 'second city'. At the on-site ceremony EPC Pacific Chief Executive Patrick Smith stated “This development is achieving the vision of the Revitalising Central Dandenong project by bringing people back to Dandenong’s heart in new offices that will provide a brilliant work environment with a great atmosphere.”

With the <a href="http://www.revitalisingcentraldandenong.com/cs/Satellite?pagename=RCD" target="_blank">Revitalising Central Dandenong</a> initiative conceived in 2005, Dandenong's urban renewal to date has been a stop start affair with government's (federal, state and local) providing the initial investment and tenant impetus. Coupled with increased and more efficient transport links, only now is central Dandenong beginning to bare sustained results by way of private investment.

<h2>The Current Crop</h2>

Joining the ATO and newly finished City of Greater Dandenong offices which between them deliver over 25,000sqm of office space are two residential projects that have taken some time in gaining necessary pre-sales. Quest have also weighed in with an $18 million serviced apartment complex on Walker Street due to commence construction within months.

<a href="http://www.burbank.com.au/victoria/promo/Mosaic/" target="_blank">Mosaic Apartments</a> are well well and truly under construction with a majority of the 285 apartments and townhouses sold within the project which is valued at $85 million. Nearing the starters gate is 27 Scott Street which after a year of pre-sales has landed Platinum Construction as its build contractor.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/Image20dan.jpg" rel="gallery-all" title="Relevant images © Crone &amp; Doig Architecture"><img alt="" class="image-article-full-width-580px" height="458" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/Image20dan.jpg?itok=-2M0SeMa" title="Relevant images © Crone &amp; Doig Architecture" width="580"></a>

<figcaption>Relevant images © Crone &amp; Doig Architecture</figcaption></figure><h2>Pending Developments</h2>

Baracon have released images of a revised Spectra Apartments which is open to <a href="http://baracon.com.au/spectra-dandenong/" target="_blank">registrations of interest</a>. At 18 levels and near 60 metres, Spectra at 219 Thomas Street is poised to become Dandenong's tallest building when realised whilst also representing one of the largest private investments within Dandenong's CBD.

Further along at 285 Thomas Street, Alfasi Property Developments have a 10 level commercial complex ready to commence, subject to a tenant signing on. In addition Moull Murray Architects have received approval for an apartment-hotel development at <a href="http://www.moullmurray.com/#!dandenong/c2uz" target="_blank">124-128 Foster Street</a>. Places Victoria are also in continued talks to deliver a private health care facility servicing the greater Dandenong, Gippsland and Peninsula area within the precinct.

One could surmise this to be a new hospital, bringing further diversity to Dandenong's heart, whilst Burbank will continue to deliver high density apartment projects within its Metro 3175 enclave according to the area's master plan.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/Image18dan.jpg" rel="gallery-all" title="Spectra and 285 Thomas Street. Images courtesy Baracon and Alfasi"><img alt="" class="image-article-full-width-580px" height="514" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/Image18dan.jpg?itok=s3j0XzI4" title="Spectra and 285 Thomas Street. Images courtesy Baracon and Alfasi" width="580"></a>

<figcaption>Spectra and 285 Thomas Street. Images courtesy Baracon and Alfasi</figcaption></figure><h2>Dandenong's Experience Applied Elsewhere</h2>

It hasn't been smooth sailing for Dandenong post the 2007 implementation of Revitalising Central Dandenong, with a rash of both medium and large apartment projects failing to materialise (seen below). The case could be made that without the initial investment, time and planning devoted to the project via Places Victoria and the State Government, Dandenong may still well find it highly difficult to attract masses of private investment for large-scale projects.

Apply this notion to another urban renewal node such as the Joseph Street Precinct and it may well be plausible. Wedged between Footscray proper and the Maribyrnong River and only 4km's from the CBD, one would think that the prime location would be a hub of construction activity? Not at all.

With many towers of up to 30 levels approved, the area has remained untouched for years. Is it worth the State Government or Maribyrnong Council stimulating sales/construction in the Joseph Road Precinct via commencing early works (access and landscaping) similar to that of Dandenong's? Quite possibly as evidently no developer wants to be first down the rabbit hole so to speak.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/compdan.jpg" rel="gallery-all" title="What may have been. Image sources Pinterest, Alfasi and Ray White"><img alt="" class="image-article-full-width-580px" height="313" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/compdan.jpg?itok=Wg9zv6jA" title="What may have been. Image sources Pinterest, Alfasi and Ray White" width="580"></a>

<figcaption>What may have been. Image sources Pinterest, Alfasi and Ray White</figcaption></figure>Dandenong is a work in progress but also a testament to the 'build it and they will come' principle. Using Darwin or Parramatta as a benchmark for what Dandenong may resemble in the future, there's plenty of upswing yet to come.
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