How much will the redevelopment of Kinnear Street impact surrounding properties in Footscray?

Lots of reasonably priced apartments going up for sales in this area but I can't help but wonder is it because people are keen to get out? Will the development of Kinnear street gentrify the area or drive costs out?
https://www.maribyrnong.vic.gov.au/Residents/Major-planning-projects/Kinnears-Precinct-Footscray
Question asked via Homely.com.au The opinions expressed here are those of the individual and not those of Ray White.
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