Riverside Chunk of Industrial Land Rezoned For Redevelopment, Kensington, Melbourne

ANOTHER chunk of former industrial land in Kensington is on track to being replaced with apartments.

At 1-89 Hobsons Road, abutting the Maribyrnong River, and between the train line and Lynch’s Bridge, five hectares of land belonging to six separate owners has been rezoned to allow for mixed-use redevelopment.

The land is diagonally opposite a 15-hectare Footscray parcel across the Maribyrnong River known as the Joseph Road precinct, which has recently been earmarked for intense apartment development.

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EG Funds Management Proposes Redevelopment of Prominent Kensington Site, Melbourne

Sydney-based developer EG Funds Management has lodged plans to replace a rundown Kensington wool store (pictured, right) with a major residential village.

The 110-year old historic building, next door to flour processing plant Allied Mills, whose factory is prominent to commuters taking the Bolte Bridge, is expected to be retained in any redevelopment.

EG is seeking to build at least one tower, rising up to 12 levels, on its site, according to The Age which reported the development application that has been rejected by council.

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