A 153-hectare site in Craigieburn has caught the attention of international and local developers.
The land at 750 Craigieburn Road East was put up for sale by tender last month, with RPM Real Estate Group seeking expressions of interest from developers.
According to the company, the site attracted “significant” interest from established international and local developers, with the tender process now in the second stage.
The site has a net developable area of 97 hectares, which could potentially be developed into 1700 housing lots.
The land was identified for residential development by the Melbourne Planning Authority as part of the Northern Quarries Investigation Areas growth corridor plans.
RPM head of transactions and advisory, Christian Ranieri said the land has been owned by an Italian family for 25 years, who now wished to sell.
“This is a once-in-a-generation opportunity to secure the last large-scale site in one of Melbourne’s fastest growing corridors,” he said.
“Uniquely located in the well-established suburb of Craigieburn and the rapidly developing Epping-Wollert growth corridor, it’s an infill development of the highest calibre.”
Mr Ranieri said the site has the potential to create a landmark residential community that could capture home buyers from both the Hume and Whittlesea corridors.
“The proposed precinct has excellent amenities including expansive future parkland, Craigieburn railway station on the doorstep, a three-minute drive to Craigieburn Plaza, close proximity to schools and the Hume Highway, providing door-to-door access to the city in 30 minutes,” he said.
“Over the next 20 years, the Hume-Whittlesea region is forecast to grow by almost 250,000 residents.”