Spectra Dandenong will become home to Oakwood's entry into the Victoria market.

Melbourne’s burgeoning second CBD Dandenong will bolster its short and long-stay apartment inventory further with Australia’s second Oakwood Hotel and Apartments confirmed to enter the market.

The brand will take up management of the Spectra Dandenong – a mixed-use development from Barnes Capital which will combine residential living with hotel apartments. Spectra Dandenong will sit within the city’s developing business district, with apartments offering views of both Port Phillip Bay and the Dandenong Ranges.

In total, the property will offer 98 apartments under the Oakwood brand. Facilities for guests and residents will include an entertainment area, meeting facilities and a fitness centre.

Martyn Barnes of Barnes Capital said Dandenong is rapidly evolving as a vibrant community for a youthful demographic and as such, held huge potential as a site for both hotel and residential accommodation.

“We are confident that Oakwood’s expertise in residential living will not only support the overall precinct revitalisation plans but bring to life Spectra’s vision of a new way of life in a real and very exciting way.”

No date for construction to begin on Spectra Dandenong has been set as yet, nor has an estimated date of completion.