Already underpinned by a handful of current apartment developments, Moonee Ponds looks set to receive as many as 400 new apartments over two separate residential buildings.
The suburb's two main property developers are behind the respective developments. The Moloney Group continues to add to their pipeline of projects in and around the Moonee Ponds Activity Centre with 687 Mount Alexander Road, while Cremorne-based Caydon by virtue of their purchase of the expansive 13,390sqm Readings site weigh in with that site's first offering, 36 Margaret Street.
Revised plans have been submitted for 687 Mount Alexander Road in response to requests made by Moonee Valley City Council. In its current form 687 Mount Alexander Road would see 220 apartments created within a 14 level residential tower. Originally prepared during December 2014, the rejigged design also sees the creation of six new retail spaces at ground level with a total of 548sqm available.
Within the Amnon Weber-designed tower are 94 x 1 bedroom apartments, 122 x two bedroom apartments and 4 x three bedroom apartments designated as penthouses. 167 car parking spaces and 134 bicycle bays are catered for within two basement levels.
Post the completion of One9 Apartments, The Moloney Group have four separate development plots in their Moonee Ponds portfolio. 687 Mount Alexander Road joins fellow 14-level proposal 33 Hall Street as projects which have gone to council on behalf of the developer.
Elsewhere and Fender Katsalidis Architects have landed in Moonee Ponds with a scheme for 176 dwellings within 36 Margaret Street. Conceived for Caydon, the project consists of 79 x single bedroom apartments, 34 singles with an additional flexi room and 63 x two bedroom options.
Oculus have devised a green and timber rooftop deck with entertainment pods, inground spa, hanging chairs and an expansive dining area included. 36 Margaret Street represents the first phase of Caydon's Moonee Ponds precinct, with a further three stages of development to follow. It's unknown whether Caydon will go with 40 Hall Street which went to council under previous site owner Leighton Properties; 40 Hall Street shapes as forming part of Stage 2 of the site's development.
As part of future development of the Readings plot, a new pedestrian thoroughfare with bisect the site, linking Homer Street and Hall Street. Adjacent to the thoroughfare will be a half acre Oculus-designed garden and leisure area for use by residents.
Moonee Ponds has progressed inline with many Melbourne suburbs of late in that it has seen an increased amount of apartment development activity.
Set to join The Montgomery and 20 Park Street under construction is MO.PO. with the 11 level, 126-apartment development to be taken on by Buildcorp Commercial. Close-by and Giancorp have approval for a mixed-use building at 6-14 Young Street while Iliad on Homer adds to the projects which are currently at sales in the area.
Rounding out the notable apartment developments within Moonee Ponds are 21-23 Moore Street and CDG's 3-9 Shuter Street which between them have the ability to add another 100 plus apartments to the locale.