Box Hill Masterplan Sets Target for 6,000 Workers in Mixed-Use Precinct

Vicinity Centres has outlined plans to deliver commercial space within a 5.5-hectare Box Hill CBD precinct aimed at accommodating 6,000 workers alongside 3,800 residents by 2030.

Masterplan Approval and Scale

The Victorian government fast-tracked approval for the $1.57 billion Box Hill Central North Masterplan in June 2024. The plan covers seven towers up to 50 storeys and includes 1,700 homes, of which 10 percent are designated as affordable housing. This commercial component directly expands floor space available for businesses in the existing Box Hill Central site.

Coworking Addition and Talent Access

Vicinity Centres is partnering with Hub Australia on a 4,100 square metre four-storey coworking facility at Box Hill Central. The space forms part of the mixed-use strategy and provides flexible premises that smaller operators and remote teams can use without long-term leases. Construction activity tied to the Suburban Rail Loop underground station continues to affect road access and parking near the site.

Market Activity on Adjoining Streets

A privately held retail freehold at 15 Market Street was listed for public auction in September 2025. Nearby, a Chinese developer purchased the adjoining Navy Health and Scope properties for $30.8 million. These transactions occur against the backdrop of the larger precinct redevelopment and indicate continued investor interest in sites that could support additional commercial uses.

The combination of new commercial floor space, coworking facilities and residential units creates capacity for increased daytime activity in the Box Hill CBD. Local businesses and incoming operators will be able to draw from an expanded resident base and improved transit links once rail works are complete. Future leasing decisions at the Hub Australia facility and remaining tower stages will determine the precise mix of tenants and skill sets that locate in the precinct.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.