Caydon set to proceed with Burgundy Hill, Ivanhoe project

Caydon Property Group has welcomed the City of Banyule’s decision to agree to a Victorian Civil and Administrative Tribunal (VCAT) consent order on its Ivanhoe development site.

It will enable a $150 million, 14-storey residential, office and retail development at 443 Upper Heidelberg Road, Ivanhoe to proceed.

Banyule councillors this week supported the council officer’s recommendation to agree to the consent order for development at the 3360 square metre Burgundy Hill site, one of Melbourne’s highest points.

It followed collaboration between Caydon, council officers, residents and the community at a compulsory conference at VCAT in August which led to Caydon resolving key height, built form and mass, and vehicle access concerns through an amended proposal.

Caydon principal Joe Russo said the conference provided constructive feedback that "helped us land on a design that is a better fit with the surrounding area in terms of the height, appearance and amenity of the proposed building.” 

The approved plans will see the construction of 211 one, two and three bedroom apartments, as well as 48 serviced apartments and 1590 square metres of office and retail space. These will be serviced by 296 car parks and storage for up to 156 bicycles.

The Burgundy Hill site is earmarked as a strategic redevelopment site in the Heidelberg Precinct Structure Plan.