Six storeys coming to gateway Bridge Road site

These four shops abutting a small park at the north east corner of Hoddle Street and Bridge Road will be razed for The Island.

A prominent island site – also a gateway to Richmond’s Bridge Road retail strip – is set to be replaced with a six storey apartment building.

The Island, as the project has been branded, will include 10 dwellings – three of them spreading a full floor; the priciest asking just over $5 million.

It will also contain two commercial spaces – a total area of about 90 square metres  – and a basement which, with stackers, can park 20 cars.

Volume Projects’ development is earmarked to replace four single storey shops covering a 410 sqm holding, 23-29 Bridge Road, about 1.5 kilometres east of Melbourne’s CBD.

The block has frontage to Moorhouse Street, a laneway and a small park abutting Hoddle Street.

A Citipower substation abuts its north east tip

Just over two years ago, the builder was seeking to replace the land with 26 dwellings in a 10-level structure.

Elsewhere in the city Volume Projects it is marketing a townhouse development at 81 Bridge Road, Port Melbourne.

It is also completing the construction of a five-storey Malvern East apartment complex at 1009 Dandenong Road, at the north east corner of Warley Road.

Artist’s impressions of The Island from the corner of Hoddle Street and Bridge Road.
The project will contain 10 dwellings.

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Marc Pallisco

A freelance property analyst and journalist, Marc is a co-founder of realestatesource.com.au.

Marc Pallisco