Our exciting joint venture property development project at Hampton Quarter is well underway.
We are collaborating with Homes Victoria, epc.Pacific and Pace Development Group on the mixed-use development at 1–25 Koolkuna Lane, Hampton, next to Hampton Station.
The development will have 159 one-to-three-bedroom apartments, 820 square metres of retail and commercial accommodation, and 18 social housing units.
Developing underused railway land is one of the ways VicTrack generates revenue to reinvest back into Victoria’s transport system.
“This project is a great example of how the private sector and the Victorian Government can work together to deliver good outcomes for Victorians,” Senior Development Manager Buddhini Goonewardena said.
“The project is providing a lot of amenities to both the commuters and residents. We’ve expanded the commuter car park, we're improving the public realm, and importantly the project will deliver social housing units for the Director of Housing to manage.
“It’s also a project that showcases what transport-oriented developments can deliver, and how much amenity and connectivity they provide for residents and commuters.
“We have gained from the knowledge and experience of our private sector colleagues throughout this project.”
This project is a great example of how the private sector and the Victorian Government can work together to deliver good outcomes for Victorians.
Building work got underway in late 2021 with construction of the expanded commuter car park and a new digital train radio system (DTRS) tower. DTRS is vital technology for train communications, and the existing DTRS tower fell within the project’s footprint and had to be relocated.
Construction on the development started in February 2022 and completion is anticipated in the first quarter of 2024.
“Sales were launched for the project during COVID-19 restrictions, with the project achieving the most enquiries on realestate.com and over 100 apartments sold within the initial eight weeks of the campaign," Buddhini said.
"Having sold the majority of the apartments, the developer has a limited final release which is expected to receive strong demand from purchasers at completion.
“At completion the Hampton Station precinct will have an upgraded station forecourt, a new bus interchange and we will have spent $1 million on station improvements.”Read about the Hampton Quarter project.