Plans on hold

LEND Lease management are tight-lipped on the future of Pakenham Place.
A spokeswoman for the company has confirmed that development plans for the centre were put on hold last year – but has refused to comment on what those plans were.
“Last year, development plans for Pakenham Place were put on hold for various reasons, including obtaining necessary approvals required before works can commence,” she said.
The global economic downturn is understood to have played a part in the company’s decision to put the development on hold.
Meanwhile, doubt still surrounds the future of the old Consolidated School site on Main Street. The developer has gone back to the drawing board after his prospective tenants, Woolworths and Big W, committed to the $80 million retail hub in John Street.