redevelopment update

Updated December 2020

Delivery activity is now well underway on site after an extensive master planning process. The Development Agreement, which was entered into in 2017 with Australia’s leading superannuation fund Hostplus and renowned developer Hamton, is actively in its construction phase for Stage 1. This once-in-a-lifetime opportunity over the next 15 years will deliver a new world-class racing facility that is supported by an urban designed residential, retail, commercial and lifestyle precinct. It is exciting to watch the progress being made to deliver the vision to transform the 98-acre Moonee Valley Racecourse site.

Early works are complete to make way for the first stage of terraces and townhomes at Moonee Valley Park’s ‘Feehan Row’. The construction commencement milestone was achieved in August 2020, with the first Moonee Valley Park residents due to move in early 2022 who will enjoy a stunning botanic amenity adjacent to Tote Park.
The Thomas Street Apartments, the first apartment building, located in the Legends Car Park fronting onto Thomas Street, is programmed to commence construction mid 2021. This boutique apartment building will comprise 69 apartments; with the sales campaign well underway.

To enable the construction of Tote Park and the significant demolition activities for phase 1 of the redevelopment, the Club relocated its administration function early in 2020. This signified an important first step in the MVRC’s transformational journey.

The administration office is now located on Level 3 of the Grandstand with the Membership & Customer Service team residing at the top of the tunnel in the Celebrity Foyer. The newly energised collaborative working environment is being enjoyed by staff now we are slowly returning to the office with the COVID restrictions easing.

The draft masterplan for the Racecourse Precinct has been the focus for MVRC in 2020 to respond to the requirements of Schedule 2 of the Special Use Zone and the Advisory Panel recommendations.

Discussions have continued with Council regarding the specific detail to be incorporated in the masterplan for its endorsement. The strategic planning engagement process is currently being considered by Council and it is proposed that an information session for local residents and the community will be held early in 2021.

The masterplan will guide and inform critical infrastructure, service requirements, movement & access and built form for the redevelopment of the Racecourse Precinct. Importantly, activities under the masterplan are to be finalised before the detailed design phase can commence for the new infrastructure, i.e. Grandstand, Track & Infield.

The MVRC, in collaboration with Council is continuing to investigate non-racing future uses of the areas in the Infield to deliver the redevelopment vision for the benefit of local residents and the greater community.

Upon completion of the detailed design phase, the program for demolition activities of the existing grandstand and the delivery of the new Racecourse Precinct will be confirmed.

The MVRC will retain ownership, manage and operate the new Grandstand, Infield and all associated Infrastructure.