Status: Planning and infrastructure underway
Public investment committed: $85 million
Kananook is being positioned as Frankston City's next major commercial and industrial precinct, with $85 million in combined Federal, State and local government funding already secured for a multi-purpose stadium redevelopment and a new commuter car park.
This public investment is laying the infrastructure foundations to unlock significant private-sector activation across the precinct, drawing on the successful transformation model of Morris Moor.
With multiple precincts in transition and strong investment performance already being realised across the city, Kananook represents a compelling early-mover opportunity for commercial developers and investors.