Identifying the next apartment hotspot: Glen Iris
The latest planning application for Glen Iris is adding weight to the suburb's credentials as it emerges as an apartment hotspot. Situated 10 kilometres from Melbourne's CBD, the suburb has seen an elevated amount of apartment-based activity of late, with developers keen to secure a foothold within the locale which is split between City of Stonnington and City of Boroondara.
Urban.com.au is tracking 638 new apartments within Glen Iris spread over 13 separate developments. Small-scale numbers relative to inner city development, yet impressive when considering the suburb is both a youngish apartment market and heavily favoured by owner-occupiers.
City of Stonnington are currently advertising the suburb's largest intended development to date, located at 1559-1567 High Street. The proposal which rises progressively to eight levels would hold 148 dwellings if approved. Southbank-based Gardenier Pty Ltd is the proponent with ROTHELOWMAN responsible for the design.
Clad predominantly in varying tones of glass, 1559-1567 High Street holds a mixture of one, two, two plus and three bedroom apartments. The development carries a nominal value of $36 million and would see 15 three bedroom dwellings included in addition to 6 two bedroom plus options, both of which point toward the development team's recognition of Glen Iris as a suburb capable of holding a greater number of higher-end dwellings.
Elsewhere and Glen Iris currently sees three apartment projects at construction. Gardiner Rise, Grace and Vivid on Malvern are all at basement stage with the latter the latest project for St Kilda Road-based AG Constructions; yet another of a new brigade of builders devoted solely to the delivery of apartment projects.
Soon to join those at construction are Lennox Glen Iris, which was featured recently, and Trentwood, Kokoda Property Group's latest residential project. Featuring 92 apartments within a Hayball-designed building, Trentwood will feature Carr Design interiors within the development dominated by two and three bedroom dwellings which hold internal spaces of up to 123sqm.
Also at Registrations and Sales is Leopold which presents as more typical Glen Iris apartment developments in that it is low-rise in nature and within a close distance to either of the suburbs two train stations: Gardiner or Glen Iris.
The balance of project within postcode 3146 are at planning, with three notable developments in waiting. Calabro Capital's 1579-1581 Malvern Road is a recent entrant into the Urban.com.au project database as are 1729-1735 Malvern Road and the Peddle Thorp-designed 1655-1659 Malvern Road.
Sizeable apartment developments applications are also in progress for the following Glen Iris addresses (some of which have yet to enter the Urban.com.au project database) include:
- 1687 Malvern Road
- 7-11 Elm Road Glen Iris (developed by modular builder Modscape)
- 1639-1645 Malvern Road
- 1795 Malvern Road
- 1693-1699 Malvern Road
- 1542 High Street
- 1655-1659 Malvern Road (Notice of Decision stage)
- 1789 and 1791-1793 Malvern Road
With Malvern Road and High Street a focal point of apartment development within the area, Glen Iris's forward apartment development pipeline is looking particularly strong. This coupled with the desirability of the suburb leads Urban.com.au to ear tag Glen Iris as an apartment hotspot both now and into the medium term.
