Horse racing enthusiasts are saddling up for lavish $5m homes in a “residential grandstand” looking down the final straight at Moonee Valley Racecourse.
The latest building in the iconic sporting precinct’s $2bn revamp will let residents and their connections watch events from their own balcony, pick a winner at rooftop parties or splash the cash on their favourite filly from a horizon-edge pool 11-storeys above the track.
A wellness sanctuary with a gym, sauna and meditation space will even let them stretch out in a glass-walled yoga room.
And with the 100th running of the famous Cox Plate at The Valley this weekend, never before seen images have revealed how the 11-storey complex will look as part of the background to future racing events.
To be known as Trackside House the 205-apartment complex will have about 100 residences looking down the iconic final stretch of the 139-year-old racecourse, the only homes in the 40ha precinct with such a view.
It will be crowned with 15 penthouse and sub-penthouse homes commanding prices from $3.6m-$5m, while more affordable one-bedroom options will start from $470,000.
It is part of a wider Moonee Valley Park redevelopment that will boast 2000 townhouses and apartments, an array of new eateries and retailers, plus 20ha of open space and gardens, all overseen by development partners Hamton Property Group, superannuation group Hostplus and the Moonee Valley Racing Club.
Hamton executive chairman Paul Hameister said the latest release was “basically a residential grand stand”.
“If you are a fan of horse racing, you will be able to watch the Friday night races from your balcony, or the rooftop entertainment area, or even while in the horizon pool,” Mr Hameister said.
“And there are some very well known, high profile people in the corporate sector who are also engaged in the racing industry on the waiting list.”
Penthouses will range from 300sq m with a 50sq m balcony to 200sq m with 30sq m of outdoor spaces. Buyers will be invited to have their pad customised by building architects at Rothelowman and interior designers from Carr.
Rothelowman principal Chris Hayton said all of the project’s top-end homes would leverage a “truly unique setting” for a “one-of-a-kind” residence.
The building’s lower levels will feature extensive landscaping in keeping with a broader plan to redevelop the racecourse’s surrounding areas as a “neighbourhood within a park”.
After launching in 2019, its first residents have moved in to Moonee Valley Park and punters can spread out at the new Tote Park, where an adventure playground for kids is joined by a bar and dining space in the 1931-built Tote building.
In coming years the development will remove and rebuild the current public grandstand as part of an update intended to establish Moonee Valley Park as a world leader in night racing. That work is expected to commence after the Cox Plate is run in 2025.
A who’s who of racing identities will attend the Moonee Valley Racing Club Chairman’s Cox Plate Centenary Dinner Thursday night.
Article written by Nathan Mawby for The Heral Sun, and features on RealEstate.com.au