Mirvac Group is keen to secure Melbourne's biggest infill residential development opportunity – a massive 400 hectare land parcel in East Werribee.
The East Werribee site, the former State Research Farm, is earmarked as a future residential suburb and employment hub.
According to the Australian Financial Review over the next two decades the site could house more than 17,000 residents and provide tens of thousands of jobs.
The 400 hectare parcel was put up for tender in September last year by the Metropolitan Planning Authority, the Victorian government body responsible for greenfield and urban renewal.
Metropolitan Planning Authority CEO Peter Seamer told The Australian Financial Review there had been strong interest in the site.
"[The MPA] has invited the shortlisted bidders to submit their longer term plans for East Werribee as part of a final proposal by March 4,” Mr Seamer said.
"East Werribee will be developed in a world class mixed use and employment precinct, supporting 58,000 jobs and the development of 7000 homes. Over the next 30 years it will become home to leading medical, research, technology and education providers, while work has already started on the delivery of first class infrastructure."Mirvac, which reported a 15.5 per cent boost in first-half 2015 profits, has a Melbourne land pipeline of about 12,000 lots spread across eight projects.