“The combined Arden and Macaulay areas will soon become a thriving community home to thousands of Melburnians, with plans for schools, transport, shopping and more, and Pace is delighted to be involved in the area’s emergence”, said Pace’s planning and design manager Michael Holah.
Pace of North Melbourne is the first major residential development to be green lit in either of the two new precincts, with the permit enabling the established builder-developer to proceed with the first of three project phases at 87-105 Racecourse Rd situated approximately 3.5 kilometres north-west of the CBD.
“Pace of North Melbourne will be our closest project to the CBD and we are excited to see our vision for high quality and affordable inner-city homes in this vibrant new lifestyle precinct come to life” said Michael Holah.
The first 4,122 square meter parcel of land, designed by Hayball Architects, will comprise of two 11-storey buildings totaling 146 apartments, with 87 and 59 dwellings respectively.
Pace originally purchased the 13,500 square metre North Melbourne site in 2015 and has worked closely with the Melbourne City Council to create key linkages between the Pace of North Melbourne site, public amenity and emergent transport infrastructure.
“Melbourne City Council has re-zoned what was an industrial area and developed an all-encompassing strategy for the Arden and Macaulay precincts”, said Michael Holah.
“The precinct is designed to encourage pedestrian and bike movement, so we have planned for multiple pathways between Pace of North Melbourne and surrounding transport and amenity”.
Pace has also been in discussions with Council to determine how the Pace of North Melbourne development can support a growing need for affordable, inner-city housing.
“We are excited to continue our role in supporting the ongoing growth and development of our city by providing high quality and affordable housing”.
Pace of North Melbourne is situated just 140m from the nearest tram line, 350 meters from Flemington Bridge Station and just a few kilometres from Flemington Racecourse, the Melbourne Zoo and RMIT University.
A new underground train station located at the heart of the precinct, scheduled for completion in 2025, will further improve connectivity and provide the Arden and Macaulay residents with direct access to the CBD.
With a number of dedicated bike paths running along Racecourse Road, Flemington Road and the Moonee Ponds Creek Corridor, Pace of North Melbourne will include a generous 190 bike parks in addition to 159 car spaces.
The 72ha Macaulay precinct, which includes existing homes and the Moonee Ponds Creek, will be home to an additional 10,000 people and create 9500 jobs by 2051.