finance
Bundoora Commercial Projects Advance With Mixed-Use and Hospitality Focus
Construction starts on a new hotel and dealership alongside a major masterplan point to steady local investment patterns businesses can track for service and supply opportunities.
How we reported this
Construction has begun on LiveStay Group's 92-key Punthill apartment hotel at 5-19 Janefield Drive in Bundoora, with an expected opening in 2028. At the same time, work has started on Doncaster BMW's new $12 million dealership at University Hill. These moves sit alongside MAB Corporation's ongoing University Hill project, a billion-dollar 10-year staged mixed-use development expected to create over 3,500 jobs.
Current Construction Activity
The Punthill hotel and the Doncaster BMW dealership represent fresh commercial commitments in Bundoora. The hotel site lies at 5-19 Janefield Drive while the dealership is located within the University Hill precinct. Both projects have moved into active construction phases, adding to the pipeline of hospitality and automotive facilities already planned for the area.
Masterplan Progress and Site Availability
DealCorp's NOVA townhouse development forms the final stage of the 10-hectare Polaris 3083 masterplan and was nearing completion with move-ins scheduled for late 2024. Separately, a 13,330-square-metre site at 1091 Plenty Road carrying approvals for 361 apartments and more than 1,000 square metres of commercial space has been offered for sale at $10 million plus. These elements illustrate ongoing delivery of residential and commercial floorspace within established masterplans.
Implications for Local Businesses
The combination of new hotel keys, dealership facilities and permitted apartment and commercial space creates demand for construction services, fit-out contractors, equipment suppliers and ongoing operational support. Businesses in Bundoora can monitor the University Hill precinct and the 1091 Plenty Road site for tender opportunities and leasing prospects as these projects move forward. Tracking staged releases within the MAB Corporation masterplan offers visibility into when additional retail and service tenancies may become available.
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.