Seventeen levels proposed at Essendon

The owners of an Essendon shopping centre have proposed a residential-based mixed-use complex with three towers – the tallest rising 17 storeys.

The plan affects a 1.5 hectare site at 299 Pascoe Vale Road, 10 kilometres north west of town.

It is the latest major suburban apartment project – in keeping with the state government’s Melbourne 2030 planning guidelines which aim to build high density housing near transport nodes.

The Essendon block is between Glenbervie and Strathmore train stations.

The end value of the redevelopment, which has appeared on industry websites but not been lodged with council, is speculated at c$100m.

A mixed use retail complex including a gym and showroom – and returning annual rent of $940,000 – presently occupies the site.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.

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