Comings and goings in Brunswick's engaged apartment market
Brunswick, Brunswick East and Brunswick West's respective apartment markets continue to steam along at pace, regardless of where the wider Melbourne apartment market is at.
A handful of freshly completed apartment developments have been replaced by projects which have begun their construction phase, and a freshly launched development is adding further buyer choice to the market. The Finery is the area's latest release and is located across 267-277 Lygon Street.
Consisting of 30 apartments atop a string of retail tenancies, the newly launched development accounts for a single storey nondescript brick building, and finds itself surrounded by fellow apartment projects.
The Finery joins 13 other sizeable apartment projects noted at sales that Urban.com.au is tracking across the three suburbs.
Directly opposite The Finery, two apartment projects have received their finishing touches in recent weeks. Both designs of CHT Architects, The Burgin Residences and East Apartments are now complete and combined add approximately 140 new apartments to the area.
Freshly completed too is CBD Development Group's 288 Albert Street in Brunswick, with 269 apartments over two buildings at practical completion at the hand of builder LU Simon. Brunswick West has also notched a completed project in recent weeks; Exner Building completing the Moreland at 444 Moreland Road, taking over the buiild post the collapse of Watersun Constructions.
Hundreds of further apartments are also nearing completion, in the form of Iseo, Rima and 8 Lygon Street, all of which are located on Lygon Street.
Despite the flood of newly completed apartment into Brunswick and surrounds, an even larger contingent of projects have just begun, or are about to tip into their construction phase.
Demolition onsite signifies that Lygon Place is on the verge of a construction start following its lengthy sales campaign. Its 96 apartments will soon join the approximately 1,470 apartments at construction across the three Brunswicks.
Chief among these projects at construction in terms of size are Blue Earth Group's 300 apartments in Brunswick West headed by The Grove and Banco Group's first stage of East Brunswick Village which includes 223 apartments. Both of these projects are in the early stages of their delivery.
Soon to join the construction rush is the combined Lt Miller/Nightingale Brunswick East which has been awarded to Liberty Builders, as is Mr Nichols a short distance away. Brunswick East's Seamstress is also closing in on a construction start.
As various apartment projects filter through their respective development phases, additional projects currently before City of Moreland are seeking to fill the breach. Urban.com.au has already covered major intended projects such as 699 Park Street and 121 Lygon Street over the course of 2018, with a swag of other prospective projects also seeking approval.
Although smaller in stature, the latest application to enter the Urban.com.au Project Database within the area is Brunswick West's 134-136 Melville Road.
Orion Investments Pty Ltd is looking to take advantage of a vacant site by way of a Design Consortia Australia scheme for 15 apartments across a four level apartment block.
