Construction on the $1 billion M-City mixed-use development in Clayton officially got underway with the soil turning ceremony held last Friday on the massive 35,000 sqm site at the corner of Blackburn Road and Princess Highway.
In attendance was Premier Daniel Andrews, Tony Schiavello and Nick Saraceno, the JV development partners.
The M-City development has been conceived as a master-planned mini city comprising 3 residential towers, a 4.5 star Mantra hotel, offices, retail, a Village cinema complex and a K Mart, Woolworths and destination dining.
The development is located within walking distance to Monash Employment Cluster of research, education, medicine and science including Monash University's Clayton Campus.
M- City's third and final residential tower, M-2 was officially launched two weeks again following the earlier success of M-1 and M-3, with the first residential tower selling out within 2 weeks of launching.
The project is a joint venture between developers the Saraceno Group and Schiavello Group, and upon completion will deliver a total of 643 apartments, up to 60 specialty stores, 17,330 sqm of office space and 1905 car parks for a total of population of about 4,000 residents, workers and shoppers.
Both the Saraceno and Schiavello families, their joint venture partners, and the lead tenants should be very proud that after a lot of planning, and a lot of hard work, they’ve been able to get to this point, realise the dream, and create thousands of ongoing jobs.
M-City is the biggest public infrastructure the state has ever seen. It’s all about keeping our state strong. We’ve got the strongest economic growth in the nation; last year we created more jobs in Victoria than the rest of the nation combined.
- Hon. Daniel Andrews, Premier
The M-City team is proud to be delivering a project that will breathe life into the growing community in the Monash area. The mixed-use amenity of M-City will provide living, working, and lifestyle solutions for the local community.
- Co-Developer, Tony Schiavello, Chairman of Schiavello Group
It’s fantastic to see the support the local community has lent to the M-City project. This is an important project not just for the Monash area, but for all of Victoria. We are pleased to be able to share this historic milestone for the project with the Honorable Daniel Andrews.
- Co-Developer, Nick Saraceno, JV partner