The refurbished Moorabbin Community Reserve will feature new facilities ahead of the club's planned establishment of a standalone VFL team from 2016 onwards.
It will also enhance the home for U18 TAC Cup team the Sandringham Dragons, the Southern Football League and the South Metro Junior Football League.
But the Saints are firm in their commitment to their training and administrative base in Seaford, which has been a point of contention among some players given its distance from Melbourne.
"These developments at Moorabbin do not impact the club's base at Linen House Centre, Seaford where we enjoy first-class training facilities and a strong relationship with the City of Frankston," a statement released by the club on Saturday said.
The Saints also recently acknowledged the club's links to the potential redevelopment of Junction Oval.
In a statement on April 10, the Saints said they would "consider any new opportunities to further combine our rich bayside heritage with future community engagement".
The Moorabbin base will also become "the centre of football development in the bayside region, from Auskick, school football, women’s football and AFL 9s through to coaching and volunteer education".
After the club set up a working party with stakeholders including local leagues, AFL Victoria and Kingston Council for the past 18 months, new CEO Matt Finnis said the commitment to the community hub was a strong positive.
"For years St Kilda fans flocked to Linton St to see the Saints in action and it is incredibly exciting that a revitalised Moorabbin will now play host to a new generation of footballers and their families," he said.
"This is also an important step for the club's plans to have a future standalone St Kilda VFL team based out of Moorabbin, as articulated in our 'Road to 2018' strategic plan.
"We congratulate the State Government for recognising the significant community value which will be derived from regenerating the presently under-utilised facility into a sport and recreation hub which the local community can be proud of."
Moorabbin Oval was the Saints' home ground from 1965 to 1992, with the club continuing to use it as its main training base until the move to Seaford.
This year, the Saints have held their "captain's run" training session there plus some pre-season hit-outs.
They moved to Seaford in 2011 and signed a 25-year lease on the site.
As part of the 'Road to 2018' framework, released on the eve of the season, the Saints have been diligent in engaging the bayside community "from Port Melbourne to Portsea" this year.
Twitter: @AFL_JenPhelan
