$100 million apartment project for 44,000sqm Spotswood site

A $100 million plus medium density apartment development has been announced for a 44,000 sqm site in Melbourne's Spotswood.

The site, part of the former Don and Gilbertsons land, is bounded by West Gate Freeway, New Street, and Kyle and Blackshaws roads.

Greg Jensz, industrial director, Savills said smaller, popular pockets like Spotswood have been a key target for developers looking to capitalise on the gentrification process.

"Any opportunities within 10k of the CBD are going to be looked at seriously by developers and especially those that can offer scale," he said.

 "The redevelopment of Precinct 15, which this property forms part of, offers one of the most significant urban renewal opportunities in Melbourne given its size.

"The adoption of Amendment C88, lodged with Hobsons Bay Council, to rezone Precinct 15 from its current industrial zones to residential, paved the way for a proposed 3000 dwellings and a 5500 square metre Neighborhood Activity Centre, associated open space areas and a community facility."