VICTORIA – In a landmark moment for Melbourne’s eastern corridor, a strategic development site in Ringwood, Victoria is set to hit the market with a price guide above $20 million, promising to reshape the skyline and urban fabric of the area.
Located at 28-30 & 2/30a Maroondah Highway, the 9,430 sqm* parcel sits at the gateway to Ringwood’s Metropolitan Activity Centre (MAC), one of 10 activity centres included in The Victorian Government’s activity centres pilot program.
The site comes with a fully approved planning permit for a mixed-use development designed by LIFE Architecture and Urban Design. The approved design includes apartments, townhouses, a hotel, and commercial spaces, totalling over 31,000 sqm* of net saleable/lettable area. It’s a rare, derisked opportunity in a market hungry for scale, vision, and looking to capitalize on the new residential apartment market upswing.
Joe Kairouz of Cushman & Wakefield, who is leading the campaign with colleagues Hamish Burgess and Leon Ma, comments “This is the kind of site that attracts visionary developers; those who understand the long-term value of being embedded in a growth corridor with infrastructure, amenity, and planning certainty already in place,”.
With direct frontage to Maroondah Highway and adjacent to the Gateway Bridge Reserve, it offers immediate access to open space, retail giants like Eastland Shopping Centre, and key transport nodes including Ringwood and Heatherdale stations. The Activity Centre zoning and its designation as a Feature Form Site within the MAC masterplan further encourage taller built form and density, aligning with the government’s push for urban intensification.
Hamish Burgess of Cushman & Wakefield, commented on the asset’s significance “This isn’t just a development site, it’s a gateway. The scale, the permit, and the positioning within Ringwood’s MAC make it a flagship opportunity for any developer looking to make a statement in Melbourne’s east.”
With population growth in Ringwood projected to surge nearly 39% by 2046, and a median house price already topping $1 million, the appetite for high-quality, mixed-use developments is only set to grow. This listing is more than a transaction—it’s a signal of Ringwood’s evolution from suburban centre to urban destination.
Expressions of Interest close on Thursday, 9 October at 2:00 PM (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agents:
Joe Kairouz +61 421 430 638
Hamish Burgess +61 421 641 497
Leon Ma +61 417 070 725
*Approx.
