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Melbourne's Chadstone Shopping Centre is set to reveal the first phase of its $660 million redevelopment under Gandel Group and Vicinity Centres next month.

Over 60 new retail stores will join its portfolio, as well as a dining terrace and food gallery and premium Hoyts Cinema Complex.

Upon completion of its rejunvenation, Chadstone will also be home to a 'Legoland Discovery Centre' as well as Tesla Motors' first dealership in Melbourne.

Vicinity Centres CEO and MD Angus McNaughton believes the redevelopment will secure the centre as a key player in the Australian retail landscape.

“This latest development will provide a curated journey of premium offerings, contemporary dining and entertainment, and exceptional architecture, making Chadstone the go-to destination and reinforcing its position as one of the most successful shopping precincts in Australia.”

The first phase will launch on October 13.

Chadstone is set to reveal further developments over the next few months.

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