Current suburban development sites reinforce the prevailing development trend
Prime development sites continue to pour into the market, with some new and noteworthy land offerings freshly loaded onto sister website Development Sites Melbourne.
As always the bulk of listings present as residential opportunities, with the vast majority found in suburban Melbourne. This reinforces the current trend whereby developers of both existing and prospective land holdings are favouring inner and middle suburbs over the heart of Melbourne.
One of the more prominent new listings comes in the form of 35 Urquhart Street, Coburg which forms part of the former Pentridge site. With Shayher Group and Future Estate established developers within the emerging Pentridge Precinct, 35 Urquhart Street is a sizeable 4,645sqm land holding with approval in place for 250 apartments, although Rothelowman have a scheme on offer potentially increasing the site's yield to 334 apartments.
Also one to watch is 499 Ballarat Road, Sunshine. Within the intended Sunshine National Employment Cluster, the 10,920sqm gateway site comes with an Approved Development Plan allowing a major mixed-use project of approximately 12-14 storeys with the total approved NSA approaching 65,000sqm.
Brunswick has something substantial to offer with the dual-fronted 125-131 Brunswick Road listed at 5,100sqm. Set over eleven title allotments, the combined site has street frontage to Brunswick Road (45m) and Barkly Street (52m), and is positioned midway between Sydney Road and Lygon Street.
In nearby Fitzroy, 44 Brunswick Street has been listed with 18 luxury apartments approved atop what is now the Metropole Hotel. On offer are fully leased ground level hotel facilities, a penthouse apartment, car parking, plus building air rights which include the aforementioned apartment which are designed by Sgourakis Architects.
Maintaining the inner north-west theme and Kensington has two development sites on offer. 393-399 Macaulay Road maintains three street frontages and an overall site are of 1,551sqm. Holding Mixed Use zoning, six to eight levels is the nominated development outcome for the site which sits between two train stations.
51-61 Hardiman Street is also up for grabs, the the tri-fronted 1,107sqm development site abutting a current planning application seeking an eight level outcome.
Ever popular Footscray has a substantial development site on offer by way of 26-30 Buckley Street. The 1,890sqm site holds approval for a Rothelowman-designed apartment scheme of 139 apartments and five townhouses.
Skipping to the southern side of Melbourne's CBD and three prominent sites are on offer.
1-5 Dart Street, Highett is a permit approved development of 32 apartments. In addition to the eight Highett residential projects found within the Urban.com.au Project Database, 1-5 Dart Street which is over a 2,103sqm site adds to the growing popularity of Highett as an emerging apartment hub.
Windsor and Richmond round out the more notable recent development site listings. 168 Peel Street is a development opportunity set behind red brick edifices. 168 Peel Street is one of the limited development sites emanating from Windsor with the 817sqm land holding capable of accommodating a higher density outcome.
