Education Drives $200m Urban Renewal Project For Footscray

As education becomes one of Australia’s most valuable exports, developers and architects are collaborating to create the southern hemisphere’s first US-college style education campus.

A new urban village is set to service two

Victoria University Footscray campuses and facilitate the growth of a new education hub.

Banbury Village will allow academic, social, community and retail facilities to permeate the vibrant suburb of Footscray.

The City of Maribrynong now encompasses the fastest growing population areas in Australia.

Catherine Cumming, Maribrynong City Councillor, said developers are stepping in to help meet the demand and improve the area’s housing options with a series of modern mixed-use projects for the new mix of residents and workers moving into the area.

“I have been involved with Banbury Village from the draft drawing phase and am pleased to see the residential development supporting the Council’s vision for Footscray," Ms Cumming said.

Developed by

Cedar Woods, Banbury Village is a $200 million urban renewal project on the former Olympic Tyre Factory site.

Nathan Blackburne, Victorian State Manager, said Banbury Village is a community-defining project.

“Footscray is an area with rich prospect and consistently solid residential market performance; with student life at its core, surrounded by amenity and with a new train station at West Footscray the area has never been so accessible,” Mr Blackburne said.

Designed by renowned architecture and interior design firm

ROTHELOWMAN, the final stage of the project, Botanica Apartments adds a new dimension to the integrated housing options already provided at Banbury Village.

“Botanica has been specifically designed to appeal to Footscray’s younger demographic and high proportion of young professionals and students, offering one and two bedrooms at an affordable starting price of $305,000,” Mr Blackburne said.

All apartments feature reverse cycle air-conditioning, NBN-ready connections, video intercom entry and secure access, European appliances, undercover parking, storage and generous outdoor courtyards and balconies.

Construction is expected to commence in the second half of 2015 with completion in 2016.