A large development site in the heart of the Woolloongabba Olympic precinct is up for sale, with price expectations in excess of $45 million.

The 1.28-hectare rectangular shaped development site at 73 Ipswich Road in Woolloongabba&nbsp;is expected to attract apartment developers given its central location at the heart of the planned infrastructure in the precinct.

The site has three street frontages, to Ipswich Road and Henry Street and offers multiple development outcomes including residential, commercial, medical and hotel, subject to council approval.

Knight Frank agents Blake Goddard, Christian Sandstrom and Matt Barker in conjunction with Nathan Moore of Ray White Commercial Bayside on behalf of the vendor, a local private.

Goddard said the property was one of the largest privately owned infill sites within a two-kilometre radius of the Brisbane CBD and was expected to be hotly contested by buyers.

&ldquo;We expect a wide range of developers to be interested in this site, including residential, commercial, mixed-use and build-to-rent developers, due to its flexible zoning allowances,&rdquo; he said.

&ldquo;It is one of the largest privately-owned properties situated in the heart of the Woolloongabba Olympic precinct, close to the Cross River Rail and the redevelopment of &lsquo;the Gabba&rsquo; stadium, and one of the most significant development opportunities to have hit the market in the last few years.

&ldquo;Quality development sites are sought after in the current market, but this site will be even more attractive to a wide range of buyers due to the rarity of size and location. The Gabba stadium and surrounding precinct is set to undergo major transformation in the coming years with over $1 billion allocated to the precinct.&rdquo;

Moore said the property benefitted from its three-street frontage, easy access to major. arterial roads including Ipswich Road and the M1 Pacific Motorway, and the fact that a majority of it was undeveloped.

&ldquo;The property is set to benefit from its prime location underpinned by exceptional future development opportunities in the area surrounding the 2032 Olympics,&rdquo; he said.

The site is surrounded by nearby&nbsp;&nbsp;amenity including The Gabba, the Logan Road dining precinct and the Cross River Rail station upon completion.

&ldquo;The three-street frontage site enjoys a strategic location within Woolloongabba, offering unrivalled amenity along with extensive surrounding transport infrastructure and development,&quot; he added.&nbsp;

The 1.28-hectare rectangular shaped development site at 73 Ipswich Road in Woolloongabba is expected to attract apartment developers given its central location at the heart of the planned infrastructure in the precinct

alisonwarters@gmail.com

Developers to swoop on one of the largest sites in the Woolloongabba Olympic precinct

Leading NSW developer, ALAND, is officially launching their $800 million master-planned precinct in Merrylands, in Sydney&rsquo;s west.

There has already been strong demand for the first stage of the project, with the prime 2.5-hectare site, located adjacent to the Merrylands train station, set to deliver 365 apartments across three buildings, up to 20 storeys in height.

The Gladstone Village&nbsp;is a rare offering for Merrylands and one of the last remaining pockets along Sydney&rsquo;s rail network to be developed.

[smartcode_project:default project_id=7642 project_image_fid=197118]

Complete with quality Fisher &amp; Paykel appliances, designer Grohe tapware and stone bench tops, each residence has been carefully designed to maximise on space, light and comfort.&nbsp;

&quot;It is the first development of its kind in the suburb within enviable proximity to Stockland Merrylands and the train station and bus terminal,&rdquo; ALAND CEO George Tadrosse said.

With a number of compounding factors influencing the current Sydney property market, including a lack of supply of new housing, ALAND is in a strong position to deliver the majority of apartment stock in Western Sydney.

&quot;ALAND has over 1,200 dwellings under construction at any time, with a strong market share across the western corridor. Despite ongoing supply chain issues, we have managed to secure enough stock, material and labour to maintain optimal efficiency to meet our pipeline demand.&quot;

[smartcode_project:default project_id=7642 project_image_fid=197117]

&quot;Additionally, buyers priced out of the housing market are seeking more affordable properties, further fueling demand for quality and centrally-located apartments.&rdquo; Tadrosse added.&nbsp;&nbsp;

The apartment market in Merrylands is showing heightened demand according to ALAND, with older residents looking to downsize and working professionals seeking accommodation close to employment.

&quot;The Merrylands suburb is an undervalued pocket in comparison to its surrounds &ndash; which is a huge opportunity for buyers. It is also an attractive suburb to investors because it is only a short distance to Parramatta CBD, world-class education precincts and an array of employment hubs,&rdquo; said Bianca Anton, ALAND General Manager.

With a high proportion of tenants currently renting in Merrylands, investors can expect stable occupation rates and a choice of prospective tenants who hold professional occupations.

&quot;In 2020, approximately 31 per cent of people in households within Merrylands were aged between 25 to 39 which is 25 per cent higher than the Greater Sydney Metropolitan area. The area boasts strong demand drivers for younger singles and coupes, including proximity to jobs, public transport and amenities,&rdquo; Anton commented.&nbsp;

[smartcode_project:default project_id=7642 project_image_fid=197120]

Western Sydney, as a region, is currently seeing declining vacancy rates and increasing rents which provide the ideal environment for investors.

The first stage already has approval for 365 apartments set across three buildings and will include approximately 2,600 sqm of retail and commercial space, plus basement car park. It will comprise 17 studios, 98 one-bedroom, 219 two-bedroom, and 31 three-bedroom apartments.

&quot;The remainder of the development is set to undergo additional planning with current controls currently allowing for a mix of retail, residential and commercial assets surrounding 5,000 sqm of internal parkland and open space totalling 6,000 sqm.&rdquo; said CEO Tadrosse. 
[smartcode_project_cta: project_id=7642]

The Gladstone Village is a rare offering for Merrylands and one of the last remaining pockets along Sydney’s rail network to be developed.



ALAND launch The Gladstone Village, Merrylands precinct

The Australian Institute of Architects Awards program offers an opportunity for public and peer recognition of the innovative work of Victorian architects.

The Institute also acknowledge the awards as a valuable mechanism to promote architects and architecture not only within Victoria, but across Australia and internationally also.

The Multiple Housing category honours the best architecture in the multi-residential sector, from the striking high-rise towers that define the city skyline, to low-rise projects and townhouses across the state.

It was no surprise to see the likes of Fender Katsalidis make the list. They had three projects featured; Australia 108, Queens Place, and Paragon. Cox Architecture have two nominations They also worked on Queens Place with FK, and were recognised for the designs of the first stage of Melbourne Square.

We&#39;ve taken a look at some of the nominated projects in more detail.

<h2>Australia 108</h2>

<h2>Developer: World Class Global</h2>

<h2>Architect: Fender Katsalidis&nbsp;</h2>

Developed by World Class Global, Australia 108 is one of Melbourne&#39;s most well known, and well regarded, buildings.

[smartcode_project:default project_id=582 project_image_fid=182857]

Having completed construction toward the end of 2020, the striking tower, offering the highest residences in the Southern Hemisphere, was designed by FK, whose goal was to form a bridge between earth and sky.

With its now signature &quot;gold starburst&quot; on the exterior of the building 60 levels up, no doubt&nbsp;a point to the sky feature from the street, the apartment complex features hotel-quality amenities, including grand lobbies, a ground-floor lounge and porte-coch&eacute;re.

[smartcode_project:default project_id=582 project_image_fid=182879]

Australia 108, on Southbank Boulevard, sits next to Eureka Tower, also talked about as one of&nbsp;Melbourne&#39;s best buildings. That too was&nbsp;designed by the team at&nbsp;Fender Katsalidis.

<h2>Queens Place</h2>

<h2>Developer: 3L Alliance</h2>

<h2>Architect: Cox Architecture &amp; Fender Katsalidis&nbsp;</h2>

The master plan represents a competition-winning design for 3L Alliance, completed as a joint venture between&nbsp;<a aria-label="Fender Katsalidis - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="https://fkaustralia.com/" target="_blank" uw-rm-external-link-id="https://fkaustralia.com/$fenderkatsalidis">Fender Katsalidis</a>&nbsp;and&nbsp;<a aria-label="Cox Architecture - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/architects/cox-architecture" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/architects/cox-architecture-0$coxarchitecture">Cox Architecture</a>.

[smartcode_project:default project_id=2806 project_image_fid=175415]

Conceived as a twin tower development, the design of Tower One features an 80-storey residential building with five-level podium, enriching the ground plane through new linkages and an enhanced public setting within the Queen Victoria Market precinct.

Comprising one, two and three-bedroom apartments, the residences are a collaboration between&nbsp;<a aria-label="Cox Architecture - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/architects/cox-architecture" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/architects/cox-architecture-0$coxarchitecture">Cox Architecture</a>, Fender&nbsp;<a aria-label="Katsalidis Architects - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/architects/fk-australia" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/architects/fender-katsalidis-architects$katsalidisarchitects">Katsalidis Architects</a>&nbsp;and&nbsp;<a aria-label="Hecker Guthrie - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/news/hecker-guthrie-discusses-west-ends-latest-building-the-spencer" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/news/hecker-guthrie-discusses-west-ends-latest-building-the-spencer$heckerguthrie">Hecker Guthrie</a>, offering a choice of finish levels, amenity and view opportunities.

<h2>Melbourne Square (Stage One)</h2>

<h2>Developer:&nbsp;OSK Property&nbsp;</h2>

<h2>Architect: Cox Architecture&nbsp;</h2>

[smartcode_project:default project_id=2929 project_image_fid=139891]

Rising about Melbourne&rsquo;s internationally acclaimed Arts Precinct,&nbsp;<a aria-label="Melbourne Square - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/buildings/melbourne-square-93-119-kavanagh-street-southbank" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/new-apartments/melbourne-square-93-119-kavanagh-street-southbank$melbournesquare">Melbourne Square</a>&nbsp;is at 93-119 Kavanagh Street.

In partnership with&nbsp;<a aria-label="Cox Architecture - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/architects/cox-architecture" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/architects/cox-architecture-0$coxarchitecture">Cox Architecture</a>&nbsp;and&nbsp;<a aria-label="Carr Design - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/architects/carr-design" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/architects/carr-design$carrdesign">Carr Design</a>, OSK Property have delivered a five-acre mixed-development with two residential towers soaring above &ndash; the East and West Tower.

The residences on offer are an array of premium two and three-bedroom apartments and penthouses, alongside a wide range of in-house exclusive amenity.

[smartcode_project:default project_id=2929 project_image_fid=139903]

The contoured terraces of the podium connect to the streets of Southbank across the new gardens, piazzas, caf&eacute;s, retail outlets and supermarket.

Boasting an expansive 14,000 sqm of private and public facilities, the first stage of the&nbsp;<a aria-label="Melbourne Square - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/buildings/melbourne-square-93-119-kavanagh-street-southbank" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/new-apartments/melbourne-square-93-119-kavanagh-street-southbank$melbournesquare">Melbourne Square</a>&nbsp;precinct features a host of considered integrations to encourage an active lifestyle, including a full-line Woolworths supermarket, 3,745 sqm public park and 87-place childcare centre.

<h2 data-uw-styling-context="true">Avenue</h2>

<h2>Developer: Skelton</h2>

<h2>Architect: ADDARC</h2>

Brighton East&rsquo;s luxury townhome collection, Avenue, offers nine three-bedroom residences with Japanese and minimalist influence.

[smartcode_project:default project_id=29935 project_image_fid=90903]

Delivered by Skelton and designed by&nbsp;<a aria-label="ADDARC - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/architects/addarc" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/architects/addarc-0$addarc">ADDARC</a>&nbsp;and&nbsp;<a aria-label="Jack Merlo - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/news/jack-merlo-sheds-light-on-the-landscape-design-for-hawthorn-park" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/news/jack-merlo-sheds-light-on-the-landscape-design-for-hawthorn-park$jackmerlo">Jack Merlo</a>, Avenue offers private balconies, ground-floor courtyards, cascading greenery and bespoke kitchens.

[smartcode_project:default project_id=29935 project_image_fid=90911]

Double glazing, custom bathroom cabinetry and 4.4-metre-high gabled windows also feature within these luxury homes.

<h2>Full list of awardees in the multiple housing category:</h2>

Balfe Park Lane | Kerstin Thompson Architects

Nightingale Ballarat | Breathe

Women&#39;s Property Initiatives Older Women&#39;s Housing | Studio Bright&nbsp;

Australia 108 | Fender Katsalidis

Paragon | Fender Katsalidis&nbsp;

Queens Place | Fender Katsalidis / Cox Architecture

Fitzroy House | Jackson Clements Burrows Architects

Sarah Sands | Jackson Clements Burrows Architects&nbsp;

St Albans Housing | NMBW Architecture Studio in association with Monash Art, Design &amp; Architecture (MADA)

Merri Green | Chamberlain Architects

Terrace House | Austin Maynard Architects

Patrick Walsh Apartments | Allen Kong Architect

Object 07 | Object Subject Architecture

Avenue | ADDARC

231 Napier Street | Edition Office&nbsp;

380 Lonsdale | Elenberg Fraser

Premier Tower | Elenberg Fraser

Eternity Life Apartments | k20 Architecture

Melbourne Square Stage 01 | COX Architecture

17 Union Street | BKK Architects with Clare Cousins Architects

The Multiple Housing category honours the best architecture in the multi-residential sector, from the striking high-rise towers that define the city skyline, to low-rise projects and townhouses across the state.


The multi-residential nominees for the 2022 Victorian Architecture Awards announced

Peninsula Collection, the final piece of ASF Group&#39;s The Peninsula Hope Island master-planned community, has officially sold out well before the construction completion. 
 
Stage 3 of the gated community development is comprised of 63 three- to five-bedroom apartments (Peninsula Collection) and 22 three-storey terrace homes (Peninsula Terraces). This final stage followed sell-outs&nbsp;of Peninsula Homes and Peninsula Residences, which make up the waterfront community located in Hope Island Resort. 
 
ASF Group Marketing Director Daniel Fang said there was a mix of local owner-occupiers looking to downsize and interstate migrants &amp; investors captivated by the Gold Coast&#39;s lifestyle and value offering. 
 
&ldquo;We saw a lot of demand from southern buyers - particularly from the dense inner-city postcodes of Sydney, Melbourne and also Canberra,&rdquo; Fang said.

[smartcode_project:default project_id=22034 project_image_fid=170355]

&ldquo;They were drawn to the unique recreational lifestyle of the northern Gold Coast, with three championship golf courses connected by golf buggy tracks adjacent to the community. Furthermore, their decision to move was hastened by lockdowns over the past two years. Other interstate buyers were also attracted by the strong potential for capital gains, with the 2032 Summer Olympics set to be hosted in Brisbane.&rdquo; 
 
On the interest from locals, Fang said the majority sought to downsize to Peninsula Collection and Peninsula Terraces which feature greater accessibility and in-built buttons in each residence linked to gated community security.

[smartcode_project:default project_id=22034 project_image_fid=170358]

Construction kicked off on the final stage of The Peninsula right before Christmas, with the final stage slated for completion around mid-next-year.

Archidiom designed the final masterplan&nbsp;release of Peninsula Collection and the adjacent Peninsula Terraces.

Preceding Stage 3 were Peninsula Homes, which comprised 17 townhomes and Peninsula Residences, another collection of 40 apartments.

Peninsula Collection&#39;s apartments offer spacious backwards or balconies with views of the resort - with residential spaces blending seamlessly with the lush surrounds of the precinct.

[smartcode_project:default project_id=6762 project_image_fid=191906]

ASF Group is well advanced on their next project, The AU - a different proposition to the Peninsula Collection. 
 
The AU, which is development approved, will see just 14 full-floor apartments rising from the Surfers Paradise beachfront. There are only 12 full-floor apartments (spanning 255m&sup2;) and two-three storey penthouses, one of which was snapped up by a local developer earlier this year for nearly $9 million.

[smartcode_project:default project_id=6762 project_image_fid=194781]

The 19-storey tower located on The Esplanade features striking French Deco-inspired interiors by the Sydney interior design legend, Greg Natale. 
 
This resort-style residential tower takes full advantage of its beachside location. Residents are offered a selection of world-class amenities including an oceanview wet-edge pool, gym, sauna, club lounge and in-person concierge service. 
 
&quot;What&#39;s unique about The AU is that you can make the most of the Gold Coast&#39;s world-class beachfront from morning til night,&quot; Fang says.

[smartcode_project:default project_id=6762 project_image_fid=193345]

&quot;The Esplanade promenade offers an unparalleled level of access to the beach throughout the day, with residents enjoying a game of volleyball or having a beachside picnic on the well-lit Surfers Paradise Beach.&quot; 
 
&quot;You can think of the promenade as what you would find in the beachside boardwalks of Miami or Nice - an energetic coastal strip that is a hub of culture and entertainment for the community.&quot;

&quot;As Surfers Paradise experiences a fundamental transformation through new infrastructure projects and precincts being built, The AU offers a unique and exclusive opportunity in a world-renowned neighbourhood synonymous with the Gold Coast.&quot;

Construction kicked off on the final stage of The Peninsula right before Christmas, with the final stage slated for completion for mid-next year. 


ASF Group sell out Hope Island's Peninsula Collection

The first resort and marina precinct in almost 20 years is set to be launched in the Whitsundays.

The approved $350 million Shute Harbour Marina Resort&nbsp;aims to transform Shute Harbour into an extensive foreshore with a&nbsp;resort hotel and a&nbsp;residential precinct featuring restaurants, retail outlets and marine services.

A new near 400-berth marina will also be part of the development.<img alt="" height="3095" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/211208_v1_final.jpg" width="5000" /> 
The $350 million Shute Harbour Marina Resort masterplanned development. Image supplied.

Shute Harbour Marina Resort will be the first major marina and residential development in the Whitsundays since 2006 and will create the ultimate waterfront lifestyle for residents and tourists in one of the world&rsquo;s most sought-after sailing locations.

The multi-use marina, located on a prime 28-hectare waterfront site, will tap into a critical shortage of secure cyclone protected boat moorings in the state&rsquo;s north.

The marina resort will provide a much-needed boost for post-Covid tourism in the Whitsundays region and create 700 jobs during and post-construction.

Shute Harbour Marina Resort will also include a new commercial hub known as Pier 61, as part of a master-planned marina plaza that will create a range of new retail and commercial outlets for the waterfront development.

<img alt="" height="1500" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/final_waterfront_house_courtyard_renderv2.jpg" width="1200" /> 
The $350 million Shute Harbour Marina Resort masterplanned development. Image supplied.

&ldquo;This is a development of regional and state significance that will deliver enormous benefit to the local economy,&rdquo; said Project Director Mark Daniels, who heads the&nbsp;consortium developing the project.

&ldquo;Shute Harbour is the gateway to the Whitsundays, with an outstanding marina location, and our plans will bring much needed tourism infrastructure to the region and complement the township&rsquo;s existing tourism and marine facilities.&rdquo;

&ldquo;In particular, we&rsquo;ve seen growing demand for marina berths in recent years and this is an exceptional offering that delivers a highly accessible mainland residential marina resort with a superb range of amenities and supporting services,&rdquo; he added.

The Shute Harbour Marina Resort master plan comprises 58 managed resort dwellings, each with their own private marina berths of 25 to 35-metres at their doorstep, along with managed apartments with resort club facilities, and a 100-plus room resort hotel, including function and meeting rooms, bars, restaurants, swimming pool and undercover parking.

<img alt="" height="706" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/v2-4.jpg" width="1200" /> 
The $350 million Shute Harbour Marina Resort masterplanned development. Image supplied.

The entire precinct will be linked by public boardwalks, lookout spaces and seating throughout, with plans to also establish new public parks and a community cyclone shelter on site.

Shute Harbour Marina Resort is poised to become a popular destination for residents, locals and tourists who will be drawn to the village-style precinct that will host a marina cafe and bar, marina club, supermarket, bottle shop, marina office, chandlery, marine electronics and charter operators.

The project is being undertaken by an Australian consortium headed by Mark Daniels, Mark McLachlan, Greg Phillips and Sam Wade.

The consortium members have a combined 70 years&rsquo; experience in the development industry with a collective delivery of projects to the tune of $1.25 billion, including Encounter Lakes, Encounter Bay SA &ndash; an award winning regional residential development set around a man-made environmentally sustainable saltwater self- flushing lake, Holdfast Shores, Glenelg SA &ndash; an integrated residential, tourism, retail and commercial development involving co-operative action between Commonwealth, State and Local Government, and Seaford, Noarlunga SA &ndash; a major urban &ldquo;Greenfield&rdquo; development comprising the transformation of 730 hectares into an integrated community development with a projected population over 15,000. 
<img alt="" height="674" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/final_waterfront_house_internal_render_v1.jpg" width="1200" /> 
The $350 million Shute Harbour Marina Resort masterplanned development. Image supplied.

Daniels, who has extensive experience in project delivery in the Whitsundays region over the past decade, said the development is a game-changer for Shute Harbour which is set to benefit from the recent reopening of international borders.

Marina berths will range from 10 to 35 metres for mono and multi-hull craft, while the proposed land and berth packages will include marina facilities to accommodate boats up to 35-metres.

Berths are priced between $175,000 and $1 million, with each berth sold on a 99- year lease. Stage one will offer free-hold residential waterfront sites of 440 sqm which are earmarked for two and three-storey design concepts, with the land-and-berth prices starting from $1.75 million.

Expressions of interest are also being taken on future stages which will include marina loft apartments and plaza terrace homes. Development of the first stage of Shute Harbour Marina Resort, which will include the marina and the stage-one release of land and marina berths, is expected to take two years to complete.

Construction is targeted to commence in 12 months.

<img alt="" height="706" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/v1-4.jpg" width="1200" /> 
The $350 million Shute Harbour Marina Resort masterplanned development. Image supplied.

Shute Harbour Marina Resort has taken 20 years to gain all necessary approvals to proceed and was identified as a project of significance by the Queensland Government in 2006. The project benefits from its accessibility by air with three regional airports located within 30-minutes to 90-minutes drive.

The Whitsundays has a population of more than 35,500 people with tourism among the major contributors to the region&rsquo;s $5.9 billion economy.

The master planned foreshore development will feature a resort hotel alongside an extensive residential precinct featuring restaurants, retail outlets and marine services.



$350 million Shute Harbour Marina Resort set to boost property and tourism market in the Whitsundays

A new 600-plus apartment development is heading for the heart&nbsp;of Sydney&#39;s Box Hill.

The prominent Western Sydney property developer, Bathla Group, is set to create 637 apartments across eight low to mid-rise buildings at 34 Terry Road, which have been designed by WMK Architecture to suit the needs of the future community and to cater for a wide cross section of buyers..

There will be a mix of one, two and three-bedroom apartments, as well as two, three and four-bedroom townhouses. There will also be a selection of four-bedroom sky terraces on offer.

Each apartment is inclusive of views and private open space, with the sky terraces featuring&nbsp;expansive roof terraces, privately accessed, giving views across the Hills Shire region.

WMK said in their design statement that the&nbsp;proposal will provide well-designed housing stock in an area where there is a strong demand for this type of development.

<a href="/new-apartments/34-terry-road-box-hill"><img alt="" height="858" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-03_at_8.46.36_pm.png" width="2142" /></a> 
View of the proposed development&rsquo;s central spine from Skarratt St. Image by WMK. &nbsp;

&quot;It&rsquo;s designed to encourage social interaction and engagement through the creation of large common courtyards at the ground level, as well as a community room.&quot;

The project is not only divided into a total of eight buildings, in a bid to reduce the overall massing, but it is further split into precincts with Block A and C dubbed&nbsp;the Green Precinct. They will feature&nbsp;facades along the northern edge defined by a gridded column and beam aesthetic, taking inspiration from the traditional veranda typology.

Blocks B and D will be known as the Heritage Precinct, with facades featuring a horizontal emphasis and&nbsp;a terracotta red, brown and grey palette in response to the existing buildings on the site and the heritage zone to the south. Blocks E and F are within the Urban Precinct, delivering a formal fa&ccedil;ade articulation with a more vertical expression, incorporating strong vertical dividing walls and shading elements throughout.

A pool has been proposed in the courtyard of Block C along with a community room on the ground floor of Block D, which will be accessible to all residents.

<img alt="" height="445" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-04_at_2.54.56_pm.png" width="1144" />

The Box Hill development lands in an area with a variety of mixed uses that is undergoing significant change, which when completed will include a new retail centre opposite Terry Road, recently completed apartment developments, and sites making their way through the planning process.

&ldquo;The proposal together with the adjacent Town Centre contribute toward ensuring the future Box Hill area is fulfilling its economic, social and creative potential,&rdquo; WMK added.

The use of simple but articulated detailing of corners, window reveals, vertical grids and feature boxes, with varying scales of detail, are employed to avoid large, flat planes and break the building mass and building height.

&ldquo;The proposed design responds to the change from low-scale conservation area to high-density apartment developments and is to be read as a &lsquo;family&rsquo; of buildings rather than a monolithic development&rdquo;, said WMK.

Landscaping has been designed throughout the precinct by landscape architects, A Total Concept, creating a contemporary, functional and aesthetically pleasing landscape that seamlessly blends with the built form and surround area.

Bathla Group have previously developed in the area, with the Pinnacle Collection, which was released in three stages in the heart of Schofields. Just down the road from the future Box Hill development, Pinnacle delivers a range of one, two and three-bedroom apartments, conveniently located within walking distance to shops, eateries, schools and public transport.

The group currently have a number of other residential developments in the pipeline with a range of town houses and villas, apartments, and house and land projects currently under construction or in planning. &nbsp;

[smartcode_project_cta: project_id=6509]

The apartments will include a mix of one, two and three-bedroom sing-storey apartments, two, three and four-bedroom two-storey townhouses, along with two, three and four-bedroom two-storey sky terraces.



First look: Bathla Group to build over 600 apartments in Box Hill precinct

The national property developer, Podia, is expanding its apartment portfolio in Sydney's Lower North Shore area.

They've just lodged plans for their recently acquired block at 96 Ben Boyd Road, Neutral Bay, seeking to create a six-level, 23-apartment development. It will be the group's second in the area, having previously developed Premier&nbsp;Place nearby.

MHN Design Union have put together the plans which will see the&nbsp;two existing residential buildings revitalized with one modern, architecturally designed flat building, which MHNDUnion said in their architectural statement&nbsp;will complement its surrounding context and maximises amenity to all units.

The building is split between two massing blocks, reducing its perceived bulk and scale from the street. Targeting the owner-occupier, the project will have 19 three-bedroom apartments and just four four-bedroom apartments.

<a href="/new-apartments/wirra-neutral-bay"><img alt="" data-entity-type="" data-entity-uuid="" height="1136" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-03_at_4.15.03_pm.png" width="1938" /></a> 
A render of the proposed development at 96 Ben Boyd Road, Neutral Bay. Image credit: MHN Design Union.&nbsp;

“The proposal has been designed with careful consideration to the local character of Neutral Bay through its interpretation of materiality and form. The proposal achieves harmony with its neighbouring context in response to the provisions outlined in the North Sydney DCP,” MHN Design Union noted in their submission.

At the ground floor and level one a highly articulated sandstone base provides sheltered alcoves for residents, serving as outdoor spaces with view aspect whilst maintaining visual privacy from Ben Boyd Road.

The upper level apartments are made up of rendered concrete and off-white brickwork with projecting eaves creating a horizontal language whilst scalloped vertical walls achieve visual privacy.

Entering at the Southern boundary along Ben Boyd Road, residents descend into a naturalistic “sandstone gully”, expressed as a raw escarpment with extensive planting.

The ground floor sits below the natural ground level, providing a sense of enclosure and privacy from the street, while the split building form allows indirect light to penetrate throughout the courtyard.

The main courtyard transitions into expansive private courtyards for each residence. Large blocks of raw stone and native plants are dispersed throughout the quarried courtyard, creating an intimate connection to nature and celebrating the site’s geological heritage.

Neutral Bay is a prime inner-city residential area located on the waterfront of the lower North Shore. The suburb has a rich history and has been home to several industrial transformations, as well as being recognised as a site of Indigenous significance.

<a href="/new-apartments/wirra-neutral-bay"><img alt="" data-entity-type="" data-entity-uuid="" height="1238" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-03_at_4.15.35_pm.png" width="852" /></a> 
A render of inside the proposed development at 96 Ben Boyd Road, Neutral Bay. Image credit: MHN Design Union.

Forsyth Park is situated immediately to the West of the Site, which is within close proximity to Neutral Bay shopping precinct, Neutral Bay Wharf and North Sydney Business District.

With a highpoint of 95-metres above sea level, many sites have views across Sydney Harbour, including landmarks such as the Harbour Bridge and the Royal Botanical Gardens. An offering of small shops, community and school facilities are nearby for residents, while sitting just six kilometres from the Sydney CBD.

Podia is also behind a 25-apartment project, coined Premier Place, which is nearing completion just around the corner at 14-20 Premier Street.

The group have a number of projects in the pipeline across the Sydney metro, as well as a 41-apartment project in Byron Bay, with Podia acquiring the hotspot early last year for $18.55 million.

The proposal seeks to revitalise two existing residential buildings with one modern, architecturally designed flat building, which MHN Design Union said in their architectural statement, will complement its surrounding context and maximises amenity to all units.



Podia lodge plans for six-storey Neutral Bay apartment project

The hotel-style amenity at Yarra One has proven to be one of the biggest drivers in purchasers in the completed South Yarra apartment tower.

Designed by renowned architecture firm&nbsp;Fender Katsalidis, the $250 million development boasts a host of hotel-style amenities including a residents dining room, wine cellar, rooftop terrace with barbecue facilities, a gym, yoga room, outdoor spa, sauna and steam room, pet wash and Tesla car share services.

Acting as the grand entrance to Yarra One, the purpose-designed atrium&nbsp;is a public space for the local community that is truly environmentally sustainable. Built to re-establish human connection to the surroundings with its well-planned design and greenery, the atrium also helps reduce urban heat island and wind tunnel effects.

[smartcode_project:default project_id=3127 project_image_fid=181270]

Yarra One&nbsp;residents will also have access to a 24-hour concierge-style app, where they will be able to book of a number of the services. EcoWorld, in partnership with Scarisbrick International, a Singapore-based company that developed a new concept in luxury retirement living, launched the Lifestyle One app where residents will be offered services including welcoming guests, receiving packages, organising transport or arranging reservations for amenity spaces within the building.

&ldquo;By offering our residents 6-star services 24 hours a day, we aim to further amplify the&nbsp;Yarra One&nbsp;living experience as a beautiful, luxurious home that pampers, comforts, and inspires our residents,&quot; said Yarra One&nbsp;General Manager Jeffrey Ong.

[smartcode_project:default project_id=3127 project_image_fid=181272]

The concierge desk is as luxe as the rest of the building, set in the ground-floor&nbsp;lobby which features a marble block sculpted as a reception desk, framed by elegant brass and bronze detailing. The service, which is a monthly subscription fee, brings a different level of service to residents of all ages,&nbsp;<a aria-label="Yarra One - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/buildings/yarra-one-16-22-claremont-street-south-yarra" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/new-apartments/yarra-one-16-22-claremont-street-south-yarra$yarraone">Yarra One</a>&nbsp;says Ong..

The dining and library spaces were designed to act as a natural extension of the apartments at&nbsp;Yarra One, created with smoked timber floors and soaring double-height ceilings. Residents will have access to communal spaces including the mezzanine cocktail level, the plush lounge, which is situated around an fireplace, or the lush gardens of the rooftop.

With designated spaces with a focus on wellness and helping residents available at&nbsp;Yarra One, buyers can enjoy convenient fitness and relaxation offerings.

[smartcode_project:default project_id=3127 project_image_fid=181997]

The gym on level one looks out onto the residents&rsquo; garden, while the yoga and dance studio connects to the private spa terrace.

Adjacent to the lounge and dining room, the wine room is modelled after a finely detailed cigar box.&nbsp;Designed to reflect the prestige of the bottles contained within, the temperature-controlled room features smoked oak floors, timber joinery and bronze accents.

The fully-completed, ready to move in residences still have a selection of one, two and three-bedroom apartments still available, starting from $470,000.

[smartcode_project_cta: project_id=3127]

The $250 million development boasts a host of resort-style amenities including a residents dining room, wine cellar, rooftop terrace, a gym, yoga room, outdoor spa, sauna and steam room, pet wash and Tesla car share services.



The extensive hotel-style facilities at Yarra One, South Yarra

National integrated property developer and investor, Cbus Property has announced the appointment of Hutchinson Builders on the next phase of works on its residential tower on the Brisbane CBD riverfront, 443 Queen St.

They&#39;ll be taking over from the collapsed builder Probuild, who were in the final stages of the construction process before their demise.

The announcement marks Cbus Property&rsquo;s third collaboration with Australia&rsquo;s largest privately owned builder, following appointments on the 205 North Quay commercial office tower in Brisbane, which is currently under construction, and The Langston Epping, a recently completed three-tower residential development in Sydney&rsquo;s north west.

[smartcode_project:default project_id=6226 project_image_fid=37089]

Cbus Property&rsquo;s Chief Executive Officer, Adrian Pozzo, said the business was again &ldquo;proud to partner with Hutchies&rdquo;.

&ldquo;We are confident the appointment of Hutchinson Builders, one of Australia&rsquo;s most renowned and reliable builders, will deliver this iconic residential tower for Brisbane&rsquo;s city skyline to the highest possible standard,&rdquo; he said.

&ldquo;As communicated to our purchasers, since commencing preliminary works on site three weeks ago, Cbus Property, together with Hutchinson Builders, continues to finalise subcontractor negotiations and prepare a revised construction programme. Once finalised, we will provide an update to purchasers with a more definitive completion timeline.&rdquo;

[smartcode_project:default project_id=6226 project_image_fid=37148]

Hutchinson Builders&rsquo; Director, Russell Fryer, confirmed that the contractor was already on site at 443 Queen St, with initial works underway.

&ldquo;We have a long and proud history delivering similar premium high-rise residential projects across Australia,&rdquo; he said.

&ldquo;We have a handpicked team that has recently completed a five-star hotel, The Langham Gold Coast, demonstrating our ability to achieve the high-quality outcomes expected for 443 Queen St, and we are working closely with Cbus Property, the consultants, subcontractors and suppliers to successfully complete this landmark building for Brisbane.&rdquo;

[smartcode_project:default project_id=6226 project_image_fid=37091]

Pozzo said that despite the delays to construction, Cbus Property remained focused on ensuring the successful completion of 443 Queen St and delivering one of the highest-quality residential buildings to be developed in the area.

&ldquo;We continue to reassure purchasers that this unique residential development is nearing completion, and that we will deliver a landmark building with the utmost attention to detail and finish,&rdquo; he said.

[smartcode_project_cta: project_id=6226]

Hutchinson Builders’ takeover of works from Probuild recommences the project’s final stages. 

Hutchinson's take over Probuild construction of Cbus Property's Brisbane apartment tower, 443 Queen St

Melbourne&#39;s unit market has continued to hold firm despite a cooling off in the house market.

CoreLogic&rsquo;s national Home Value Index pegged the Melbourne-wide apartment growth at 0.4% over April, the third consecutive month growth in the unit market has outstripped growth in the house market.

The Melbourne unit market (which incorporates both units and townhouses), is now 0.2% since the start of 2022, after posting 0.2% growth across March and 0.1% in Feb. Values started the year poorly, going backwards -0.4% in January.

The median apartment value in Melbourne is now $630,671.

[smartcode_project:default project_id=1260 project_image_fid=177634]

The growth in unit values is a stark contrast to the house market, which is sliding due to the affordability factors brought to more of a head following the RBA&#39;s interest rate hike in May, and expectation of further rate hikes.

Houses Melbourne-wide, on average, have remained flat since the start of 2022, but that was mainly due to a strong start in January. The rolling quarterly growth is now -0.5% after a 0.2% decline across April, CoreLogic data found.&nbsp;

CoreLogic&rsquo;s Research Director Tim Lawless&nbsp;says the weakening state of the market has taken the rolling quarterly trend into negative territory across Melbourne for the first time since these cities were in the midst of extended lockdowns in mid-to-late 2020.

[smartcode_project:default project_id=2806 project_image_fid=175415]

Advertised inventory, at a national level, is tracking almost 30 per cent below the previous five-year average however, in weaker markets like Melbourne, advertised supply levels have normalised, with listings in Melbourne 8.2%&nbsp;higher.

Higher stock levels across these markets can be explained by an above average flow of new listings coming on the market in combination with a drop in buyer demand

&ldquo;With higher inventory levels and less competition, buyers are gradually moving back into the driver&rsquo;s seat. That means more time to deliberate on their purchase decisions and negotiate on price,&rdquo; Lawless says.

Rental markets are also showing multi-speed conditions, with most of the capital cities experiencing an upward trend in rental growth in 2022. Nationally, rents were up 2.7% over the three months to April, taking the annual change in national rents to 9.0%. A year ago, the annual change in national rents was 4.9 per cent. Based on the annual change, house rents (+9.1 per cent) are rising faster than unit rents (+8.7 per cent), however this trend is changing sharply as demand for unit rentals increases.

[smartcode_project:default project_id=253 project_image_fid=52822]

&ldquo;On a rolling quarterly basis, we are now seeing unit rents rising faster than house rents especially in Melbourne where rental conditions across the unit sector were previously much softer,&rdquo; Lawless says.

&ldquo;The shift in rental demand towards units reflects both rental affordability pressures, which are deflecting more demand towards the &lsquo;cheaper&rsquo; unit sector, and the return of overseas migrants and visitors. Rental demand from overseas arrivals tends to skew towards inner city and higher density precincts.&rdquo;

In Melbourne, unit rents are 3.6 per cent higher over the past three months compared with a 1.2 per cent rise in house rents. Higher yields and long-term prospects for capital growth could see investors comprising a larger portion of housing market activity.

[smartcode_project:default project_id=3281 project_image_fid=46048]

With the cash rate set to move through a rapid tightening cycle, CoreLogic expect this trend towards a gradual softening in the growth rate will become more pronounced over the coming months, before the national index starts to trend lower.

&ldquo;Although we are expecting the housing market to move into a downturn through the second half of the year, it is important to remember the context of the recent growth phase,&rdquo; he says.

Melbourne's unit market has continued to hold firm despite a cooling off in the house market


Melbourne apartment market insights: What happened over April

Roseville is poised for a wave of new apartment development following the NSW Government's rezoning of land around Roseville Station under its Transport Oriented Development program.

The new planning controls have unlocked significant development potential within walking distance of the station, with a number of sites expected to be amalgamated and redeveloped in the coming years as developers seek to take advantage of the increased density allowances.

One of the more restrained developments in the precinct, and set among the first to be delivered having commenced well before the recent changes, is Hyecorp's Juliet. The boutique apartment project is already well under construction and remains on track to welcome residents by the end of the year, offering a markedly different proposition to many of the larger-scale developments now likely to emerge across the suburb.

[smartcode_project:default project_id=7395 project_image_fid=278194]

<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet</a> will comprise just&nbsp;34 one-, two-, and three-bedroom apartments opposite Roseville Station. For Hyecorp, which has delivered projects across Sydney's Lower North Shore for more than three decades, Roseville presented a rare opportunity to address a growing gap in the market.

"<a href="https://www.apartments.com.au/developments/roseville-nsw-2069">Roseville</a> has long been one of the North Shore's most tightly held and desirable suburbs, offering a unique combination of village charm, established greenery, excellent transport connections, and proximity to some of Sydney's best schools and lifestyle amenities," Hyecorp said.

"We recognised a growing demand from local homeowners seeking to downsize without leaving the community they have built their lives around. The location presented a rare opportunity to create homes that cater specifically to that buyer profile."

[smartcode_project:default project_id=7395 project_image_fid=278196]

The six-level development has been designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a> as a collection of residences that feel more like homes than apartments. The brief centred generous floorplans, abundant natural light, quality finishes, and strong connections to outdoor space.

PBD Architects drew inspiration from Roseville's established garden suburb character, creating a building that sits comfortably within its surroundings rather than dominating them. The architecture incorporates natural materials, soft forms, layered landscaping, expansive balconies, and generous setbacks to strengthen the connection between residents and the suburb's leafy environment.

"The focus was on designing spacious, house-like residences for discerning owner-occupiers and downsizers who wanted to remain on the North Shore without compromising on comfort, privacy, or design," PBD said.&nbsp;

"Every apartment was to feel considered, timeless, and highly functional."

[smartcode_project:default project_id=7395 project_image_fid=278195]

Inside, residences feature engineered timber flooring, stone kitchen benchtops and splashbacks, integrated Fisher &amp; Paykel appliances, ducted air conditioning, and large outdoor entertaining areas designed to take advantage of district and treetop views.

Residents will also have access to a rooftop barbecue and lounge area, alongside practical amenities including parcel lockers, EV charging capability, bicycle storage, a dog wash bay, and a basement car wash facility.

The majority of purchasers so far have been local owner-occupiers from Roseville, Lindfield, Chatswood, Killara, and the broader Upper North Shore, many of whom are transitioning from larger family homes.

"Buyers are looking for spacious, house-like apartments that allow them to downsize without feeling like they are sacrificing comfort or functionality," Hyecorp noted.

"They value large kitchens, generous living areas, ample storage, quality finishes, secure parking, lift access, and low-maintenance living."

[smartcode_project:default project_id=7395 project_image_fid=278204]

Juliet sits directly opposite Roseville Train Station and within walking distance of Roseville Village, while Chatswood's retail and dining precinct is only minutes away. The development is also surrounded by some of Sydney's most established schools, including Roseville College, Ravenswood, Pymble Ladies' College, and Knox Grammar, as well as nearby parklands and golf courses.

Juliet is currently more than 75 per cent sold ahead of its anticipated completion in late 2026.

[smartcode_project_cta:default project_id=7395]

Joel Robinson

Juliet to sit quietly amid Roseville apartment boom

Sherpa Property Group has unveiled the third instalment of its Flourish series, securing full approval for the two-tower, $500 million Flourish Soleira development in Palm Beach.

<a href="https://www.apartments.com.au/new-apartments/flourish-soleira-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> will rise from a prominent site in the commercial heart of Palm Beach, the long-time home of Cash Converters and a range of local retailers.

The project will introduce a new retail and dining precinct at ground level, beneath 286 apartments.

[smartcode_project:default project_id=150017 project_image_fid=370959]

“We’re very committed to not only providing affordable residential offerings that are much needed in Palm Beach, but also delivering a vibrant new commercial heart that complements the extraordinary growth of the southern Gold Coast,” Sherpa Property Group founder Christie Leet said.

The development will sit under Sherpa's Flourish brand, which is aimed at providing a pathway into the beachside suburb for locals, first-home buyers and downsizers. In a move designed to assist first-home buyers entering the market, Sherpa has reserved all one and two-bedroom, one-bathroom apartments exclusively for eligible first-home buyers.

[smartcode_project:default project_id=150017 project_image_fid=370964]

“Our vision through Flourish is to create a vibrant retail and lifestyle focal point within the Palm Beach centre zone, delivering thriving communities underpinned by lifestyle-rich locations,” Leet said.

“So far, Flourish has been an incredible success, and we hope to carry this momentum as we progress the next two Flourish projects in Palm Beach.”

[smartcode_project:default project_id=150017 project_image_fid=371430]

Located across 1150-1164 Gold Coast Highway and 3 Sixth Avenue, the development will comprise two towers. The northern tower will deliver 154 apartments, while the southern tower will add a further 132 residences, helping address ongoing demand for new apartments in the tightly held coastal suburb.

Flourish Soleira will also feature the most extensive rooftop amenity offering ever delivered in Palm Beach.

The two towers will be connected by a skybridge, with residents gaining access to a rooftop recreation deck featuring a full-width swimming pool, hot and cold plunge pools, wellness spaces, a gymnasium, private dining facilities, massage treatment rooms, barbecue areas, a basketball court, golf simulator, indoor and outdoor dining spaces, sun lounges and extensive landscaping.

LPS Group is expected to start construction later this year.

Sherpa is already well advanced on construction of its debut Flourish project, Flourish Amargo, located just around the corner from Soleira. Meanwhile, Flourish Oasis, positioned opposite Amargo, recently commenced construction and has nearly sold out its collection of 47 apartments.

[smartcode_project_cta:default project_id=150017]

Sherpa unveils $500m mixed-use Palm Beach precinct, Flourish Soleira

Are mortgage holders set to get a reprieve from the RBA in 2026?

Big Four bank NAB believes so. They are now expecting the next move from the RBA to be a cut, rather than a hike, which they had pencilled in for August. They are unsure of the timing of the cut however, they note in their latest&nbsp;NAB Economics RBA Watch.

NAB Chief Economist, Dr Sally Auld, said recent data suggests the economy has lost momentum and the outlook for rates has shifted, noting that the broader economic backdrop has changed since earlier in the year.

“The next move in the cash rate is likely to be down, but the timing is uncertain," Dr Auld said.

"In February, growth was above trend, the economy was operating above capacity and there was uncertainty over the restrictiveness of rates. None of these conditions exist today,” she outlined.

Dr Auld said recent data pointed to softer momentum across the economy while acknowledging that at the same time, uncertainty remains a key feature of the outlook.

“Both Q1 GDP data and the NAB business survey suggest momentum in the economy has slowed, meaning that growth has likely peaked for the cycle. That said, we are cognisant there is still considerable uncertainty around the outlook, both with respect to activity and inflation.”

Dr Auld said inflation risks and labour market outcomes would be important to watch.

“On the prices side, we are still forecasting above target core inflation through to mid-2027. Margins will compress and weaker labour market outcomes are a risk.”

She said tighter financial conditions are expected to weigh on housing and activity.

“Tighter financial conditions will be reflected in a slowing in house price growth and housing credit growth. In summary, we have greater conviction that the next move in rates is down, but less conviction on the timing.”

Mortgage relief? NAB forecasts RBA rate cut, not hike, after softer economic conditions

A local downsizer has splashed $6.5 million on a penthouse in Perifa's Alex &amp; Willow development in Crows Nest. 
&nbsp; 
The purchaser sold their long-held family home in the area before embarking on a six-month search for the right apartment. After inspecting a range of options across the Lower North Shore, the buyer returned to <a href="https://www.apartments.com.au/new-apartments/alex-willow-crows-nest-82-90-alexander-street-crows-nest-nsw-2065">Alex &amp; Willow</a>. 
&nbsp; 
The buyer profile reflects the project’s broader purchaser mix. <a>Alex &amp; Willow</a> has attracted predominantly local downsizers looking to transition from larger homes without compromising on space or quality, alongside a smaller cohort of upsizers and investors drawn to the project’s location and design credentials. 
&nbsp; 
The milestone sale comes as the project, developed by&nbsp;<a href="https://www.apartments.com.au/developers/perifa">Perifa</a>&nbsp;and delivered by <a href="https://www.apartments.com.au/builders/versatile-made-construction">Versatile Construction</a>, both part of Versatile Group, reaches 60 per cent sold.

[smartcode_project:default project_id=6680 project_image_fid=371325] 
&nbsp; 
Eddie Mansour, Managing Partner of <a href="https://www.apartments.com.au/project-marketer/ray-white-projects">Ray White Projects</a>, said the result demonstrates not only a headline price but also depth of demand. 
&nbsp; 
“This is an exceptional outcome and a clear reflection of sustained buyer demand for premium, well-located downsizer product,” Mansour said.

“We’re seeing a consistent pattern of local homeowners selling family residences and reinvesting into high-quality apartments that allow them to remain within their community. Alex &amp; Willow has resonated strongly with this group because it offers genuine scale, thoughtful design and immediate proximity to the village.” 
&nbsp; 
The sale reflects a broader and consistent trend of local downsizers actively seeking high-quality, low-maintenance residences close to established village centres. Agents report that demand for this product type has remained resilient, particularly where developments offer a rare combination of scale, design quality and walkable amenity. 
&nbsp;&nbsp; 
Fabrizio Perilli, Managing Director of Perifa and Versatile Group, said the sale marks a defining moment for the project. 
&nbsp; 
“The penthouse sale is a strong endorsement of the quality we have delivered, alongside our partners, and the clear demand from local downsizers for premium, boutique residences in this location,” Perilli said.&nbsp; 
&nbsp; 
“Most importantly, we’re proud to see the Alex &amp; Willow community beginning to take shape. As we move closer to completion, we’re looking forward to welcoming residents and seeing the project come to life.”&nbsp;

[smartcode_project:default project_id=6680 project_image_fid=338516] 
&nbsp; 
Designed by <a href="https://www.apartments.com.au/architects/nettletontribe">Nettleton Tribe</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/richards-stanisich">Richards Stanisich</a>, Alex &amp; Willow is a boutique collection of generously sized two- and three-bedroom residences in the heart of Crows Nest village.&nbsp;

Completion is slated for early 2027.

[smartcode_project_cta:default project_id=6680]

Alex & Willow, Crows Nest penthouse sells off the plan for $6.5 million

Fresh from launching the first stage of its Wollongong precinct, <a href="https://www.apartments.com.au/new-apartments/keira-place-wollongong-120-122-smith-street-wollongong-nsw-2500">Keira Place</a>, builder-developer Urban Property Group has unveiled plans for the next phase of the masterplanned community.

Now on public exhibition through the NSW Government's Housing Delivery Authority pathway is a State Significant Development Application for a further 657 homes on the prominent gateway site opposite Beaton Park.

The proposal comprises three buildings, including two build-to-sell towers rising 25 and 30 storeys, delivering 391 apartments, alongside a 12-storey co-living building with 266 residences, making it one of the largest co-living proposals currently planned in regional New South Wales.

Of the apartments proposed in the build-to-sell towers, the majority, 310, are two-bedroom dwellings. The balance comprises 44 one-bedroom apartments and 37 three-bedroom residences. Apartment sizes range from around 50 sqm for one-bedroom homes to approximately 90 sqm for three-bedroom apartments.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="19347059-1612-41a0-9c74-b86a657237f8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%2010.02.18%E2%80%AFAM.png?VersionId=sWXnaCcA.cIC6N8YT1dg5pJ2e1V3Z6z7" />

The submission says the proposal has evolved significantly from its original Housing Delivery Authority application following extensive consultation with the State Design Review Panel and Wollongong City Council.

The final scheme has been designed to align with the emerging vision for the Flinders Street Precinct, an area identified by Council as a future high-density mixed-use neighbourhood capable of accommodating substantial housing growth close to transport, employment and community infrastructure.

According to the design report prepared by COX Architecture, the development aims to "deliver a built outcome consistent with the future character of the Wollongong CBD while responding to the site's unique constraints and opportunities."

"Our vision for the next phase of the site evolution in Wollongong is grounded in three design pillars that guide the design response: place, natural environment and celebration," COX said.

"Inspired by its surroundings and grounded in the stories of place on Wodi Wodi Country, the design proposal acknowledges the established character of its setting while creating a unique and timeless identity that sits harmoniously within it.

"The design proposal responds to its specific site conditions, acknowledging the vegetation, climate, wind conditions and solar access of the site."

The architecture responds directly to the site's position between Wollongong's urban core and its natural landscape setting.

COX identified views towards Mount Keira and the Illawarra Escarpment as defining features of the site, while the upper levels of the towers will also capture expansive views across the city and out to the Pacific Ocean.

The design team has positioned the tallest buildings closer to the rail corridor, where overshadowing impacts can be better managed while establishing a landmark built form on the northern approach into the city.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="79580d5b-500c-4ebf-9629-797146a4a694" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%209.51.59%E2%80%AFAM.png?VersionId=WbTB1EKSG.KDfsfz0F3wp1QVa2oCMGR5" />

Urban Property Group secured the 11,000 sqm Smith Street site in 2022 and has since progressed plans for the broader Keira Place precinct.

Construction recently commenced on the first stage of Keira Place, which will deliver 150 apartments across two residential buildings, including 27 affordable housing apartments and 18 specialist disability accommodation dwellings, alongside activated ground-floor retail and commercial space.

Urban Co-CEO Patrick Elias said the commencement of construction marked a significant milestone for Wollongong and reflected the developer's long-term commitment to regional cities.

"Today's groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong's city centre," Elias said.

"Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection."

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/groundbreaking-marks-start-of-construction-at-keira-place-in-wollongong-cbd">Groundbreaking marks start of construction at Keira Place in Wollongong CBD</a>

&nbsp;

&nbsp;

&nbsp;

Alison Warters

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