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 University campus.

A key aim of the project (Monash Village) was to integrate the University campus with the community and create an active, vital and sustainable town centre.

Monash Village is a project that took seven years of design consultation and exemplifies Equiset’s capacity to provide complex property solutions that deliver a true benefit to all stakeholders. Equiset’s proposed role was that of owner, developer, project manager and builder.

In mid 2010 the development agreement between Equiset and Monash University ceased and further progress is pending.

Features

• Major urban renewal
• Integrating the campus with the community
• Ecologically sustainable design
• Sustainable transport initiatives
• New town centre
• Neighbourhood shopping centre with full line Coles supermarket
• 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 $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 2009