Industrial sites in Melbourne’s Kensington earmarked for an eight storey apartment complex

The three adjoining warehouses earmarked to be replaced with a residential complex.

An eight level apartment building will replace three industrial sites (pictured, left) in the Melbourne suburb of Kensington, if approved by the local council.

A total of 41 apartments are mooted for the 1068 square metre holding covering the addresses 415-423 Macaulay Road, nearly three kilometres north-west of the CBD.

The parcel is about 200 metres from the Kensington train station, 250 metres from the Macaulay station and less than a kilometre from the Arden station, under construction as part of the Melbourne Metro Rail initiative.

Most of the proposed apartments (27) will be configured with two bedrooms. Nine will contain one bedroom, while the balance will be configured with three.

The Neil Architecture project branded as 415 Macaulay Road (pictured top and bottom), seeks to provide for 45 car parks. It will also include two commercial tenancies, of 67 sqm and 68 sqm.

Bridport Property Group is behind the proposal, estimated to cost about $13 million.

The Albert Park based developer acquired the Mixed Use zoned last year for $4.8 million. During that marketing campaign, agency CBRE was promoting a development scheme for a six-storey building.

Elsewhere in the suburb, Impact Investment Group – backed by the wealthy Liberman family – is repurposing the historic Younghusbands Limited Tallow complex with an industrial village, the first stage of which will contain offices and a rooftop restaurant.

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An artist’s impression of the rear of the proposed Kensington project.

Marc Pallisco

A freelance property writer and experienced analyst, Marc is the co-founder of realestatesource.com.au

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