News
Vic Premier turns sod for new $580m Chadstone Development
Tue, 02 Sep 2014 12:00 am
By Admin
Today marks the beginning of the next stage of development of the Chadstone Shopping precint. The development adds 34,000m
2 of space to the Centre, a new public transport hub and 800 more parking spots.
The owners of Chadstone Shopping Centre say the addition of a luxury hotel will make it a truly world class facility.
Victorian Premier Denis Napthine this morning turned the first sod of the $580m expansion with a brand new shovel. The development includes room for 40 new retailers, a hotel and a 10 storey office building.
Joint owner John Gandel says the hotel makes sense. "Most of the top, and I say 'top', shopping centres in the world now have at least
one hotel adjacent, and some of them have three".
Since he's owned the Centre, it has had 40 revamps and additions, and this is not the last. "When you're always looking for the lastest innovations, you never know what you're going to produce. You know, 'what new ideas?' And somehow good developers always find a way of fulfilling everybody's wishes."
More than 3,000 jobs are to be created at the new expanded Centre, but not everyone is pleased with the $580m development. Over the past 30 years, there have been 39 additions and expansions to the centre. The 40
th expansion announced today by the premier will include new cinemas, flagship stores, office blocks and additional car parking spaces.
Stonnington Mayor Adrian Stubbs says some local residents are unhappy that there will be construction seven days a week for at least a year. He says "[residents] want to be able to sleep at night and not have trucks at 6:30am in the morning, lined up making a lot of noise."
Chadstone said there is a hotel on the drawing board, but firm plans to build have not yet been decided on.
