The property is located at 12-18 Napier Street, in Footscray, an inner-western Melbourne suburb situated approximately five kilometres from the central business district.
Named after an area on the River Cray in England, Footscray is a diverse and multicultural area that has a storied history reflecting the waves of immigration experienced in Melbourne, and is currently undergoing significant development and gentrification. Amenities include over 130 restaurants from over 15 different countries, four kindergartens, five primary schools, two secondary schools, a Victoria University campus, one public library and Western General Hospital.
Footscray is also home to numerous sporting clubs and societies that cater to both professional athletes and amateur enthusiasts, covering but not limited to sports including football, cricket, cycling, gymnastics, hockey, lacrosse, rowing, rugby and swimming. Footscray Park is the second largest botanical garden in Victoria and sits across the Maribyrnong River from Flemington Racecourse, which is in the neighbouring suburb of Flemington.
The development is located 600 metres from Footscray railway station, which is served by the Sunbury, Werribee and Williamstown metro train lines, as well as several V/Line services, terminating at Southern Cross. Additionally, there are 15 separate bus routes operating via Footscray station that includes services to Highpoint Shopping Centre.
The proposed development will contain 41 residential apartments, three retail units, and car accommodation via 44 stackers and seven at grade spaces. The residential accommodation will comprise 7 x one bedroom, 23 x two bedroom, 5 x two bedroom + study, and 6 x three bedroom units.
21 apartments have been sold at a value of $12,929,650 (GST inclusive), which is circa 73.58 percent of the facility limit (GST exclusive).
Estimated development progress as at 11 June 2020