The HumEx development plan for 650 and 700 Hume Highway, south of Amaroo Rd, was given the green light by Hume councillors this week.
As part of the six-precinct design, a showroom for the display of building materials has been proposed, along with a 12-level hotel with about 285 rooms.
A medical centre, retail space, supermarket, service station, cafe, bowling alley, martial arts centre, dance studio and gym are also part of the plans.
The 145,500sq m site, between Bunnings and the Craigieburn train depot, is currently vacant.
Aitken Ward councillor Casey Nunn said it was a huge financial investment that could potentially bring hundreds of millions of dollars to the area.
“I think it’ll be a jobs bonanza for the community,” Cr Nunn said.
“(It means) a lot of job opportunities for young people in Craigieburn but also for more mature people.
“There’s so much residential growth in Craigieburn — it needs to be matched with (jobs) close to home.”
Councillor Geoff Porter said it was a great opportunity among news of job losses and lack of investment in the area.
“I think this will be a lot more enhancing than the grasslands you see there now,” he said.
Craigieburn Residents’ Association president Denis Moore agreed it was fantastic, given any indigenous trees along Malcolm Creek were preserved.
“I’m wondering what employment opportunities it will bring to Craigieburn,” he said.
“I think it’s a long (time) coming.”
With the Merrifield and Cloverton developments under way in Mickleham and Kalkallo, Mr Moore said the precinct would become a central point and attract companies close to the city.
“It’s got to create great employment somewhere along the line,” he said. “It’s great.”
A planning application for the proposed development has been lodged.
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