Understanding the Project

TIMELINE
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Concept Development

The $220m Monash Village development concept was to provide education, retail and office precents over six buildings, linking a diverse range of communities and creating plaza’s that would be the heart of the campus and community village life. 

The key objective of the project was to integrate the University Campus with the community and create an active, vital and sustainable centre. 

Features

 

  • Major urban renewal
  • Integrating the campus with the community
  • Environmentally Sustainable Design (ESD)
  • Sustainable transport initiatives
  • New town centre
  • Neighbourhood shopping centre
  • Attractive public open spaces with connections to Derby Road and public transport

Statistics

  • Land area 10,000m2
  • 3,900m2 Coles supermarket
  • 3,200m2 specialty retail with 39 shops
  • 436 student apartments providing 612 beds in three separate buildings
  • 12,000m2 education space in one building
  • 5,500m2 office space in two buildings
  • 578 car spaces
  • Project value AU$300 million

Project program/milestones

  • Tender Submission: 24 September 2004
  • Development Agreement and Contracts of Sale: 5 July 2006
  • Minister for planning approval
  • of Amendment C53: 18 October 2006
  • Council Planning Permits: 14 November 2007
  • Development agreement ceased mid 2010

 

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Monash Village

Monash University Caulfield Campus 

Monash Village exemplifies Equiset’s capacity to provide complex property solutions that deliver a benefit to all stakeholders. Equiset proposed a significant redevelopment of the existing retail and university facilities located in the Caulfield Major Activity Centre at the western end of the campus.

A key aim of the Monash Village project was to integrate the university campus with the community and create an active, vital and sustainable town centre. The proposed AU$300 million development would incorporate retail, student apartments, education and office precincts over six buildings. It would link a diverse range of communities by creating plazas that would function as the heart of campus and community village life.

Equiset’s proposed role was that of owner, developer, project manager and builder. Following seven years of design consultation, the development agreement between Equiset and Monash University ceased in mid 2010.