1 Lewis Street, Frankston is a $13.25 million Nexus Developments project under planning inside the evolving Frankston metropolitan centre. It’s a bet on Frankston’s revitalisation — anchored by health, education and transport investment that has been steadily reshaping the CBD over the last decade.
Why Frankston is a metropolitan centre, not a suburb
Frankston has been designated a metropolitan activity centre in state planning strategy for years — the highest-order centre outside the Melbourne CBD along with Dandenong, Ringwood, Sunshine, and Fountain Gate. That designation carries planning priority, infrastructure spend and jobs attraction that a general suburb doesn’t get.
In practice, what that means is Frankston Hospital investment, expansion at Chisholm Institute and Monash Peninsula Campus, upgrades to Frankston Station and the surrounding transport interchange, and a decade-long CBD renewal programme that has quietly changed the shape of the centre.
The 1 Lewis Street site
- $13.25 million total development value
- Positioned inside the evolving Frankston CBD footprint
- Currently under planning — site secured, approvals in progress
- Anchored by health, education and transport catchments
The Frankston buyer profile
The Frankston buyer profile has broadened materially. It still includes long-time locals and Peninsula families, but it now also includes downsizing bayside couples, early-career professionals working locally, and first-home buyers looking for city-level amenity at a Melbourne-corridor price.
Metropolitan centre. Not suburban. Different maths.
The pipeline picture
1 Lewis Street sits alongside 415 Tuckers Road Clyde North ($45M) and 301-303 Main Street Mornington ($22.69M) as the three current Under Planning projects. Together they represent a $80.9 million read on the next cycle of Nexus Developments delivery.
Nexus Developments — Melbourne multi-sector property development.
nexusdevelopments.com.au · +61 3 9460 1865