The three Under Planning projects in the Nexus Developments book carry a combined $80.9 million of future pipeline value. Together they read as a bet on where the next cycle of value sits — a South-East growth corridor site, a metropolitan-centre site in Frankston, and a coastal Main Street position on the Mornington Peninsula.
415 Tuckers Road, Clyde North — $45M
The largest under-planning site by value. Clyde North sits inside the South-East Growth Corridor, absorbing first-home buyers, growing families and relocating middle-ring households. Site secured, concept and yield in place, approvals in progress.
1 Lewis Street, Frankston — $13.25M
Metropolitan activity centre positioning. Frankston is designated as a Melbourne metropolitan activity centre in state planning strategy — Frankston Hospital, Chisholm Institute and Monash Peninsula Campus expansion, station upgrades, and a decade-long CBD renewal underpin the site’s read.
301-303 Main Street, Mornington — $22.69M
Boutique village-scale development on one of Victoria’s most tightly-held retail-and-residential streets. Main Street parcels on the Mornington Peninsula are scarce by default — this one has been secured under planning.
How to read the pipeline together
- Corridor at scale — Clyde North
- Metropolitan centre — Frankston
- Coastal Main Street scarcity — Mornington
- Combined $80.9 million of future development
A pipeline is a thesis. This one has three legs.
What Under Planning does and does not mean
Under Planning means site secured, controlled, and moving through approvals. It does not mean sales are open or construction has started. It is the pre-launch stage in the Nexus Developments pipeline visibility. Register interest through nexusdevelopments.com.au to be notified when any of the three come to market.
Nexus Developments — Melbourne multi-sector property development.
nexusdevelopments.com.au · +61 3 9460 1865