One of the most significant urban renewal projects in Melbourne’s Bayside area has officially begun at the former-CSIRO site in Highett.

Located on Graham Road and spanning 9.63-hectares, the site is set to be transformed into a $500 million plus mixed-use project by developer Sunkin Property Group.

Following the nod of approval in March from the Bayside City Council, Sunkin has appointed Delta Group in a multi-million dollar contract that will see the civil contractor commence a 12-month program from early October.

Over $10 million is set to be invested in infrastructure for the large-scale project including new roads, replacement of the Melbourne drain and the upgrading of local services over the next year.

Sunkin Property Group’s General Manager of Property Lloyd Collins says commencing civil works is a significant milestone for the project, with the site having remained dormant for over a decade.

“This development will be of significant community benefit due to improved infrastructure and additional amenities, including the new park and conservation area for the public to enjoy.”

“It will also provide greater housing diversity while catering to the forecast population growth within Melbourne and the Bayside area more specifically,” he says.

The vision is to create a multi-generational community that will see a series of distinct yet interacting precincts providing a range of dwelling types including apartments and townhouses, with over 1,000 residences earmarked for the site.

The masterplanned community will also gift over 40 percent of the site back to the community, with one hectare planned for a public park and a further three hectares for a

conservation reserve. The park will feature a children's playground and social areas, which will be available for all community members to enjoy.

Central to the development is its focus on connectedness and walkability, with common and public spaces between the built form providing opportunities for neighbours to connect.

This is further enhanced via integrated wellness and fitness facilities including resident’s gym, pool, and spa areas. A new public library is also proposed to be provided onsite for the benefit of the wider community.

The company says the project will have a commitment to a low-carbon economy, with Sunkin targeting net zero capable outcomes through environmentally sustainable design practices.

Image: Supplied