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Artist render of people walking through park

Plans to transform an unused water tank site in Ivanhoe into a thriving residential community with hundreds of new homes, close to existing schools, hospitals, jobs, and transport are progressing. 

Development Victoria is now calling for a development partner to deliver the project which intends to provide approximately 275 much-needed homes for the established area, featuring a range of designs to suit a variety of households and budgets. 

Development Victoria Group Head Housing, Penny Forrest, said the Expression of Interest (EOI) for a development partner is an exciting next step in the project. 

“This is a great opportunity for a development partner to be part of something big by helping to build quality homes for families in the inner east while improving community spaces for everyone,” said Penny.

Our plan for this site will benefit both residents and the whole community by creating public open spaces and a new local park open to the public, with outdoor seating and garden beds that will replace the much smaller existing park space.

The expression of interest (EOI) process, facilitated by Colliers, will be open until 30 May 2024.  

Currently open to community feedback, the draft Development Plan for the site outlines plans to transform the site into a vibrant residential community. 

Key sustainability principles and strategies will guide the development’s design, with a focus on integrated water management, energy efficiency and waste minimisation.

Community can visit the Banyule City Council’s planning page Shaping Banyule to review the full Development Plan and the draft Council Park Concept plan and submit official feedback, which will be considered by Council before approving the plan.

Council’s public exhibition of the draft Development Plan and park concept designs will run until Friday 10 May.  

To view the Development Plan and park concept designs and provide feedback visit Shaping Banyule.

Demolition of the tank is scheduled to commence mid-year to prepare the site for future development. Construction of the development is targeted for 2026, with the new park to follow.  

Learn more about the project.

Larger oblong water tank with surrounding vegetation and park

Updated on 02 May 2024