Frankston City is a hub of investor activity, with more than $890 million committed to projects over the last five years.
This investment is being driven by Council projects and the private and public sectors, with the current Victorian Government committing approximately $240 million towards three of the major projects now underway: the Frankston Station Precinct Redevelopment, upgrades at Chisholm in Frankston and level crossing removal works at Skye/Overton Road.
With its ideal mix of city and beachside living, Frankston has become a hot-spot for private sector investment. Several multi-level apartments are on track for development in the city centre, a $40 million upgrade to Frankston Private Hospital has been recently completed and Chisholm Institute has made a $23.6 million investment towards the $70.5 million upgrade works at their Frankston campus. Monash University - Peninsula campus has just completed a $15 million dollar state of the art student accommodation building with total works of more than $50 million for the university.
View a clickable map here
The Victorian Government committed $63.8 million to revitalise the Frankston Station Precinct. Work is underway and is due to be completed December 2018. These redevelopment works aim to transform the City into a welcoming and safe place of business and activity and include:
- Rebuilding Frankston Train Station
- The Young Street Improvement Project, aimed at creating a high quality pedestrian and public transport environments
- Improving bus connections and service efficiencies
- Providing better pedestrian connections with key destinations, including upgrading the subway
- Creating new public plazas.
A national competition was held for registered architects to submit their vision for the new Frankston railway station. From 39 applicants, Genton Architecture’s design was unanimously selected for the redevelopment works, due to its suitability to a beach side City.
More information about the project
The Skye/Overton Road Level Crossing has recently been completed.
The Level Crossing Removal Authority has committed approximately $150 million towards removal works, which will provide:
- A new public open space - allowing for a bright, open design
- A cycle path
- Landscaping and car parking for over 60 vehicles
Level Crossing works are underway for Seaford Road and Eel Race Road.
Have your say and find out more online or phone 1800 762 667.
Chisholm's Frankston campus is undergoing a $70.5 million redevelopment to transform it into one of the most advanced and innovative education and training providers in Victoria, with building work scheduled to commence in September 2017.
The new centre will include:
- New state-of-the-art facilities for Health, Community Care, Early Childhood Education and Hair and Beauty.
- A Higher Education and Student Hub, and innovative teaching and learning spaces.
- Redeveloped trades facilities and a new Centre for Advanced Manufacturing, including an industry-driven and purpose-built, flexible, integrated Design Centre.
More information is available here or phone 1300 244 746.
Between the public and private sector, there is more than $420 million invested into works that are ready
for development/currently underway in Frankston's city centre. Details of these works are available on a
clickable map and can be viewed below:
$30 million invested
446 Nepean Highway
$4.5 million committed
$63 million committed
Chisholm Frankston upgrade
$70.5 million invested
Frankston Private Hospital
$40 million committed
$15 Million - Invested
6-12 Davey Street
$65 million committed
Frankston City is enjoying the benefits of investment attraction, with significant contribution towards the City's health,
education, sporting and training facilities completed in recent years. These are as follows:
302 Nepean Highway
$4 million committed
SE Water HQ
$80 million committed
44 Beach Street
$2 million committed
411 Nepean Highway
$5 million invested
$51 million invested
TAFE Trade Training Centre
$19 million invested
Frankston Park Function Centre
$4 million committed
Frankston Yacht Club
$11 million invested
Frankston Hospital - Stage 3
$81 million invested
Skye/Overton Road level crossing
$150 million invested
Quest Peninsula on the Bay
$25 million invested
38 Playne Street
$5 million invested