Ivanhoe water tank site set for residential transformation with hundreds of new homes
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The Victorian Government has unveiled plans to transform a vacant water tank site in Ivanhoe into a thriving residential community, featuring 275 new homes designed to cater to a variety of households and budgets.
The proposed development, located near the Austin Hospital at the corner of Bell Street and Upper Heidelberg Road, will feature a tiered architectural design ranging from three to twelve storeys, minimising the impact on surrounding homes.
Minister for Development Victoria Colin Brooks said, “We’re pulling every lever at our disposal to ensure 800,000 new homes get built over the next decade, which means transforming vacant sites like the Ivanhoe Water Tank into homes, close to jobs, transport and services.”
The project will include private, communal, and public open spaces, with a new 2,000 square metre park featuring community spaces and play areas, set to replace the existing smaller park space.
Development Victoria has created a Development Plan based on community feedback, with at least 10% of the new homes to be made available for affordable housing.
Member for Ivanhoe Anthony Carbines encouraged the community to have their say on the plans, stating, “While we get on with removing the tank, I encourage the community to have their say on our plans to transform the site into housing and open space.”
The tank demolition process is expected to commence later this month, with construction on the residential development targeted for 2026 and the new park to follow.
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The draft Development Plan and park concept designs will be on public exhibition by the Banyule City Council from Monday 8 April until Friday 10 May, with information sessions available for the community to learn more about the project.