Plans have been lodged for a 21 storey apartment complex near The Glen shopping centre.
The proposal would contain 147 dwellings – the bulk (122) which will be configured with two bedrooms.
It also includes six retail tenancies over three floors – a total of 1832 square metres.
A four level basement is designed with 167 car parks.
The project is earmarked for a 1549 sqm Commercial 1 zoned block, 251-261 Springvale Road, which the developer, Hongxing, acquired for c$18 million in late 2017.
The proposed Springvale Rd building would back onto the 15 level Galleria – which when it was conceived seven years ago, was Glen Waverley’s tallest tower.
That project made headlines when agents took a $2500 deposit from prospective suitors, allowing them to bid on the first 100 dwellings (story continues below).
Those residences then sold out in 90 minutes.
Earlier this year, Golden Age Group completed its $450m Sky Garden – with three residential buildings – on airspace over The Glen.
Its highest building, Azalea, or Tower A, rises 18 storeys.
In June we reported a developer paid $11.5m for a nearby Glen Waverley development site permit-ready for a four floor complex with 11 flats and six townhouses.
The City of Monash is expected to decide on 251-261 Springvale Rd next year.
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