Australian development arm of City Developments Limited – CDL Australia – has commenced works at its Normanby Road development in Melbourne – at the 43ha Montague precinct.
Normanby Road will deliver 237 new apartments with a mix of configurations. Amenities include a fully equipped gym, extensive wellness area with saunas and cold plunge, podcast rooms and co-working spaces, a cinema, sky lounge, private dining room and barbecue areas.
Builder Crema Constructions and Hayball architects have teamed up on a design that fuses modern and classical expression with elegant proportions.
Located in the Fishermans Bend precinct at Montague, only 2kms from Melbourne CBD, a tram line divides the north and south.
The new development in Montague will be centred on the transformation of Normanby Road into an active street that is attractively landscaped, pedestrian friendly and featuring a cycle route through the precinct.
The southern part of Montague is distinguished by its heritage and character-lined laneways, which are highly valued by the local community, while the north pays homage to the legacy of industrial uses such as the former Dunlop Factory along Normanby Road (once one of the largest factories in Australia).
CDL Australia’s 480-hectare site spans across the lands of the Bunurong and Wurundjeri people and integrates heritage and character buildings with contemporary development.
The precinct will be home to an estimated 80,000 people by 2050 and provide about 80,000 jobs for Victorian workers. It comprises five precincts across the Melbourne City and Port Phillip municipalities, all with a unique character.
The transformation of Fishermans Bend is guided by the Fishermans Bend Framework to deliver parks, schools, roads, transport and community facilities and services which will ensure liveability over the next 30 years as the precinct grows.
Montague is the current focus of property development activity, with a $1.8bn pipeline of private sector property development activity that is projected to deliver around 4,800 homes (including 150 social/affordable housing dwellings) and over 100,000 sqm of commercial floorspace over the next decade.
The Normanby Road development will provide over 16,000 construction jobs and at least 3,000 new permanent jobs, while generating over $100m in development contributions to fund infrastructure upgrades in Fishermans Bend.
To date, 11 sites have been developed in Montague and a further 15 are approved or under construction.
