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.