What makes a new apartment project stand out?

Many say location is everything, and Mirvac's latest apartment development, <a href="/new-apartments/prince-parade-by-mirvac-brunswick-701-park-street-brunswick">Prince &amp; Parade</a>, has one of the best locations in Melbourne's inner ring.

It's just on the fringe of the liveliness and convenience of Brunswick, while being positioned closer to the nearby Carlton North and Princes Hill, directly opposite the 39-hectare Princes Park.

We recently had a wander around the area and wrapped up some of the best spots around the project.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/d-ar7pZc4Ug?si=3D38a0WVGPm4aIM3" title="YouTube video player" width="560"></iframe>

Prince &amp; Parade provides the ultimate in nature, convenience and connectivity.&nbsp;

The iconic Princes Park is not only home to the Carlton Football Club but also offers a range of leisure activities for residents to enjoy, including the Princes Park Bowls Club, Royal Park Tennis Club, and the nine-hole Royal Park Golf Course.

[smartcode_project:default project_id=4802 project_image_fid=220673]

There's a number of local hospitality venues like&nbsp;the auropean-style wine bar WasFlower, and Italian Ciao Mamma!, as well as Old Palm Liquor, Mamma's Boy Trattoria, and Brunswick Wine Shop, ensuring there's something to please every palate. And for those seeking a diverse array of international cuisines, Little Andorra, Kent Hotel, Florian, La Luna Bistro, Matteo's Restaurant, Capitano, and Di Stasio Carlton offer a number of options.

Art enthusiasts will appreciate the creative collections at Beinart Gallery and the immersive experience at 1280, while the nearby Brunswick Baths provide a refreshing escape for residents.&nbsp;

[smartcode_project:default project_id=4802 project_image_fid=217137]

The nearby Jewell and Royal Park Train Stations ensure that the city and its surroundings are easily accessible, granting residents the freedom to explore Melbourne's vibrant neighbourhoods effortlessly. Buses and trams are also an integral part of the area, with numerous transport links connecting Prince &amp; Parade residents to the greater Melbourne region.&nbsp;

The building, designed by&nbsp;<a href="/architects/bates-smart" target="">Bates Smart</a>&nbsp;in collaboration with&nbsp;<a href="/developers/mirvac" target="">Mirvac</a>&nbsp;Design and in landscaping by&nbsp;<a href="/news/jack-merlo-sheds-light-on-the-landscape-design-for-hawthorn-park" target="">Jack Merlo</a>, comprises 166 one, two three and four-bedroom apartments.

The striking project is targeting the owner-occupier, particularly local downsizers who currently live in houses or terraces and are starting to see equity build back up in their homes. It's also expected to be popular with affluent young professionals.

[smartcode_project_cta:default project_id=4802]

Prince & Parade provides the ultimate in nature, convenience and connectivity

Joel Robinson

Brunswick location tour: What's within walking distance from Mirvac's Prince & Parade apartment development

Sydney developer&nbsp;<a href="/developers/aqualand-australia">Aqualand</a> has pared back the plans for their Central Barangaroo harbourfront precinct, bringing the final piece of the&nbsp;<a href="/developments/barangaroo-nsw-2000">Barangaroo</a> puzzle one step closer.&nbsp;

The new plans for Central Barangaroo, now on public exhibition, outline the future transformation of the vacant northern portion of the site into a vibrant cultural and entertainment destination.&nbsp;

The proposed project, designed by <a href="/architects/sjb-architects">SJB</a>, comprises seven smaller buildings, each with an active ground floor hosting retail, bars, restaurants, and other hospitality establishments, contributing to the city's nightlife economy.

<img alt="Central Barangaroo one step closer to realisation" data-entity-type="file" data-entity-uuid="7de6da6e-a230-43c4-a627-feef7320ba84" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Central%20Barangaroo%20street.png?VersionId=wo48_NmI9Sinw.ydFxGg5Bp_Y5Kta9Sa" />

Tim Robertson, Project Director for Central Barangaroo, expressed Aqualand's enthusiasm for delivering an exceptional lifestyle destination for the community.&nbsp;

“Our focus is on delivering an exceptional lifestyle destination for all Sydneysiders and visitors, with generous and lively public spaces punctuated by restaurants, cafes, and bars. Central Barangaroo will be the lively, beating heart of the precinct," Robertson said.

The new plan includes an underground food court and shopping centre connected to the Barangaroo Metro stop, and a luxury hotel, with operations based in the tallest building.

<img alt="Aqualand Barangaroo" data-entity-type="file" data-entity-uuid="468b5264-72b7-41a8-89e8-d52cc5716de8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-22%20at%209.23.28%20pm.png?VersionId=dDK9ky1har1hZg5SHH2kbT6LVJNr_HHC" />

Robertson highlighted the company's responsiveness to community feedback during the public consultation process, resulting in adjustments to the plans.&nbsp;

The recent clarity of direction from the Government has led to improved view sharing, more generous public spaces, and enhanced connectivity throughout the precinct.

<img alt="Aqualand Barangaroo" data-entity-type="file" data-entity-uuid="2758ae33-ddd7-4482-99b7-bc45179f3bbb" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-22%20at%209.21.34%20pm.png?VersionId=jSXR.VEEjSt5NMaoSyJ4uN0ilXHLanbv" />

The scale of the development has also been reduced by around 30 per cent compared to the previous proposal, with a focus on increasing public space and removing a small tower in the northern part of the site.&nbsp;

The 5.2-hectare site will have 50 per cent of it dedicated to open public space. It's just three minutes from the new Barangaroo Metro stop.

Acknowledging that not everyone may be satisfied, Robertson emphasised the positive outcomes the project aims to deliver for the city.

“We’re eager to move forward and start construction as soon as possible. The project has suffered from delays and inconsistent direction over the last few years – which we feel confident is now behind us,” Robertson added.

Aqualand is aiming for approval of the recently submitted plans before Easter. Once approved the builder developer aims to commence construction by the end of 2024, with completion targeted for around 2029.&nbsp;

The 5.2-hectare site will have 50 per cent of it dedicated to open public space. It's just three minutes from the new Barangaroo Metro stop.

Aqualand aims for 2024 construction start on Central Barangaroo precinct after proposal tweak

Malvern's latest apartment development, Plant Street, has some of the biggest names in the off the plan development industry behind it.

The boutique project of just 21 apartments near <a href="/developments/malvern-vic-3144">Malvern</a> and Glenferrrie roads is being developed by forward-thinking, off the plan development specialists Milieu, who have a long reputation of creating design-driven projects across Melbourne since 2010.

They're developing the project in partnership with development partner Penfold and financier giant Maxcap, creating an enviable trio who have significant experience in crafting quality projects.

The years of development experience doesn't stop there. They've had the cool local architecture studio RITZ&amp;GHOUGASSIAN champion the striking building's design.

[smartcode_project:default project_id=139856 project_image_fid=217344]

A development characterised by a balance of solid architectural elements and greenery, Plant Street features bush-hammered concrete panels and smooth slab edges, creating depth and variety.

Interior design practice Georgina Jeffries has handled the interiors of the one, two, three and four-bedroom apartments,&nbsp;focus on nurturing, light-filled spaces with a material palette of honey timber joinery, brown ash brick, terrazzo, and natural stone.

Custom-made lighting by Volker Haug Studio complements the design, reflecting a refined approach that values local craftsmanship and lasting comfort.

[smartcode_project:default project_id=139856 project_image_fid=217347]

Every space in the home features a natural stone and warm neutral palette, from the modern, sleek integrated galley kitchen with a large island-breakfast bar to the open-plan living and dining areas with wooden and textured furniture facing borderless floor-to-ceiling glazing that seamlessly connects the indoors with the outdoors.

The bedrooms are simple and well-proportioned, exuding a sense of calm and retreat with floor-to-ceiling windows overlooking the rich landscaping outside.

[smartcode_project:default project_id=139856 project_image_fid=217346]

The bathrooms are minimalist and practical, featuring his and her vanity with long, wood-framed mirrors, floating cabinets, and silver tapware.

The building is enveloped in landscaping by the renowned landscape architecture firm Acre. An&nbsp;internal open-air atrium softens the structure and blending architecture, interiors, and the neighbourhood. The greenery includes a dynamic mix of deciduous plants and trees that change with the seasons.

Ground-floor apartments boast well-landscaped gardens, while upper-level dwellings feature planters and creepers on their terraces.

&nbsp;

[smartcode_project:default project_id=139856 project_image_fid=217345]

Progressive, sustainable design is also central to the development. Plant Street combines enduring materials with thoughtful architecture and adaptable interiors, incorporating cross-flow ventilation, solar power, carbon-neutral energy supplies, and EV charging stations. The property is designed to favour passive design principles, reducing dependence on artificial heating and cooling and collectively minimising each resident's environmental impact over the long term.

Milieu has appointed Manresa Construction as the builder for Plant Street by Milieu. The construction will be commencing soon and is expected to be complete in mid-2025.

For the past 14 years, Milieu has primarily focused its efforts in Melbourne's cooler northern suburbs, such as Brunswick East and Collingwood.

[smartcode_project_cta:default project_id=139856]

The expert development team behind Malvern's Plant Street apartment development

A reacceleration in the quarterly pace of growth for national construction costs is suggested to be a return to trend rather than a new surge, according to CoreLogic.

The&nbsp;Cordell Construction Cost Index (CCCI), which tracks the cost to build a typical new dwelling, recorded a growth rate of 0.8% over the three months to December. This marks a reversal of the easing trend seen over the previous four quarters when the quarterly CCCI reading went from 4.7% in Q3 2022 to 0.5% in Q3 2023. The annual growth rate for the 2023 calendar year was 2.9%.

CoreLogic Economist Kaytlin Ezzy&nbsp;said although the quarterly CCCI reading has risen, the latest growth rate remains 20 basis points below the pre-COVID decade average of 1.0%.

"This suggests that reacceleration is more a return to trend rather than a new surge in construction costs," Ezzy said.

"While up over the quarter, the annual change in residential construction costs continued to ease as larger quarterly increases fell out of the annual calculation."

At 2.9%, the latest 12-month increase was the smallest annual rise in the national CCCI since the year to March 2007 (2.7%) and below the pre-COVID decade average (4.0%).

"This suggests that growth in construction costs have normalised after recording a recent peak of 11.9% over the 12 months to December 2022, albeit at a higher level. Although 26.6% higher than at the onset of the pandemic, the recent surge in CCCI is below the increases seen across national house values, with CoreLogic's Home Value Index rising 36.5% over the same period," Ezzy added.

CoreLogic Construction Cost Estimation Manager John Bennett&nbsp;said pricing remains generally unsettled, with no clear trend seen across most product types.

"Depending on the supplier, both increases and decreases were recorded in timber and metal prices, although we have seen rises in the price of hardware and chemical items. This tells me suppliers are either bringing their product pricing back down to acceptable levels from the increases during the Covid period, or they are increasing to set up for the year ahead," Mr Bennett said.

"In 2023 there was a bit of uncertainty around what the fallout from the interest rate increases would be and therefore the overall impact on the building industry. While the latest figures show the market has settled down, I don't think we have seen the slowdown many were expecting.

"While dwelling approvals are still well below historic averages, there is still an elevated level of projects under construction which is keeping cost pressures high," he added.

Price rises were also varied across the states, with an increased growth rate seen in NSW, Victoria and WA, while SA and Queensland both saw a reduction in quarterly CCCI growth.

<h2>CCCI Outlook</h2>

Ezzy said the outlook for construction costs over the coming year is uncertain.

"While it's unlikely we'll see any declines in construction costs, the pace of growth could be influenced by several factors. Although national dwelling approvals have risen from a recent low of 12,185 in January, the latest data from the ABS showed that dwelling approvals remained -15.8% below the decade average in November at around 14,500. Although a number of projects are still moving through the construction pipeline, the recent lull in approvals could result in a shortfall in new projects, which would help keep growth in building costs low, due to greater capacity in the construction sector.

"However, with the CPI continuing to ease, it's looking increasingly like we'll see a cash rate cut in the second half of 2024, which could fuel housing demand for both established and new dwellings. Regardless, the normalisation in CCCI growth will help provide some certainly for builders, insurance companies and homeowners alike," she said.

<h2>Key findings by state – Q4 2023 CCCI Report</h2>

<ul>
	<li>The CCCI for NSW rose 1.0%, up 40 basis points on the previous quarter but only 10 basis points above the pre-COVID decade average of 0.9%. The annual reading eased to 3.1%, the lowest annual change since the 12 months to March 2021.</li>
	<li>Victoria’s CCCI rose 1.1% over the quarter, up from 0.3% in the September quarter, making it the fastest acceleration in construction costs among the states. The annual increase continued to ease to 2.9%, down from a recent high of 13.0% over 2022 and is Victoria's lowest annual change since the 2016 calendar year (2.6%).</li>
	<li>Queensland recorded the lowest quarterly rise at just 0.1%, down from 0.8% in Q3, bucking the acceleration trend. This is the state's lowest quarterly result since Q1 2001 when CCCI fell -0.1%. The December quarter's weaker growth helped bring Queensland's annual growth rate back in line with the other states at 2.8%.</li>
	<li>In WA, construction costs rose 0.7% over the quarter, up 50 basis points on Q3. Annually, WA's CCCI increased by 2.3%, which was the lowest annual rate among the states.</li>
	<li>SA’s CCCI Increased by 0.5%, down from 0.6% in Q3, also bucking the national trend. This took SA's annual change in construction costs to 2.8%.</li>
</ul>

CoreLogic researches and reports on materials and labour costs which flows through to its Cordell construction solutions to help businesses make better decisions, estimate rebuild and insurance quotes easily and, ultimately, price risk effectively.

Construction cost growth returns to normal trends: CoreLogic

There's a lot going for the Melbourne off the plan apartment market.&nbsp;

The sheer statistics of the imbalance between dwelling approvals, construction of dwellings, and population growth, shows a frightening landscape for the Victoria capital.&nbsp;

Not so much for those however who have a foot on the property ladder. Investors are, and will continue to reap the rewards of a high migration numbers, pushing rents up, while owner-occupiers, generally, will see the value of their property rise with demand, again both local and international, outstripping supply.

With that in mind we've taken a look back at what piqued our readers interest in 2023.

<h3>Richmond's Victoria Shopping Centre redevelopment to create new urban village with over 1,600 new apartments</h3>

In February it was revealed&nbsp;<a href="/developments/richmond-vic-3121">Richmond</a>'s Victoria Gardens Shopping Centre will undergo a significant transformation with a $900 million redevelopment, led by co-owners Vicinity Centres and Salta Properties.&nbsp;

The ambitious project aims to convert the landmark site into a vibrant urban village, seamlessly integrating residential, commercial, retail, lifestyle, and entertainment spaces.&nbsp;

<img alt="Urban's top five most read in 2023 in VIC" data-entity-type="file" data-entity-uuid="5078cc50-dc2e-4a18-978a-b79db249ce5e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20Victoria%20Gardens%20Shopping%20Centre%20redevelopment.png?VersionId=nxYDSnEN6_npBQvx_nEae2xJYcIlY6Xh" />

Divided into two key precincts, the Doonside Precinct and River Boulevard Precinct, the redevelopment includes 1,679 new homes, a fresh food Market Hall, extensive open spaces, bike facilities, and parking.&nbsp;

The project, which is expected to create 680 construction jobs annually and over 3,300 ongoing jobs, is currently seeking planning approvals through the Victorian Government's Development Facilitation Program.

Read more: <a href="/news/vic/richmonds-victoria-shopping-centre-redevelopment-to-create-new-urban-village-with-over-1-600-new-apartments">Richmond's Victoria Shopping Centre redevelopment to create new urban village with over 1,600 new apartments</a>

<h3>Multiplex to build $2 billion STH BNK By Beulah towers</h3>

Beulah had a huge build up to the announcement of their construction partner for their $2 billion, twin-tower <a href="/new-apartments/sth-bnk-by-beulah-southbank-60-southbank-boulevard-southbank">STH BNK by Beulah</a> development back in August.

They chose&nbsp;<a href="/builders/multiplex">Multiplex</a> as the builder of the two intertwining towers which are set to become the tallest skyscrapers in the southern hemisphere upon completion in 2029.&nbsp;

The five-year construction timeline will commence in late 2023 or early 2024.&nbsp;

[smartcode_project:default project_id=8804 project_image_fid=221202]

With a height of 365 metres, Multiplex will bring to life Australia's first 5-minute vertical city, featuring two twisting towers, a world-class retail precinct, wellness facilities, a childcare centre, a Four Seasons Hotel, a cultural centre in partnership with Centre Pompidou, commercial office space, residential offerings, and the world's tallest vertical garden.&nbsp;

The project has already garnered significant attention with high-profile sales of its 691 apartments, including transactions ranging from $30 million to $38 million.

Read more: <a href="/news/vic/multiplex-to-build-2-billion-sth-bnk-by-beulah-towers">Multiplex to build $2 billion STH BNK By Beulah towers</a>

<h3>First look: South Yarra House apartments set to launch</h3>

Due to the scarcity of new development in Melbourne's sought-after South Yarra,&nbsp;<a href="/developers/wattletree-property-group">Wattletree</a> and Dorman Capital's release of&nbsp;<a href="/new-apartments/south-yarra-house-49-55-claremont-street-south-yarra">South Yarra House</a>, a $190 million project set on one of <a href="/developments/south-yarra-vic-3141">South Yarra</a>'s last remaining riverside sites, was a popular read.

The joint venture marks Wattletree's fifth project and its first collaboration with Dorman Capital. South Yarra House, now over 60 per cent sold, will feature around 60 apartments across 20 levels, with architecture firm SJB drawing inspiration from the simple, brutalist, art-deco architecture of New York. &nbsp;

[smartcode_project:default project_id=112970 project_image_fid=214722]

Initially intended for a commercial office project, the collaboration between Wattletree and Dorman Capital evolved into a residential development that addresses the growing market demand for quality owner-occupier and downsizer apartment products.&nbsp;

Read more: <a href="/news/vic/first-look-south-yarra-house-apartments-set-to-launch">First look: South Yarra House apartments set to launch</a>

<h3>STH BNK by Beulah breaks Melbourne apartment record</h3>

People always love reading about records being broken, and it was no different in 2023 when the aforementioned Beulah set the new Melbourne apartment record with a $38 million sale.

It topped the $35 million record, set in the same building in 2022.

The record sub-penthouse above level 75 offers a customisable floor plan, allowing the transcontinental business owner buyer to personalise the design to suit their lifestyle.&nbsp;

[smartcode_project:default project_id=8804 project_image_fid=221169]

The apartment, with its 360-degree city view, resort-style concierge services, and world-class amenities, is among the highest in Melbourne.&nbsp;

The project, achieving over $600 million in sales within four months, reflects the robust demand for luxury apartments near Melbourne's gardens and cultural landmarks and the convenience of hotel living.&nbsp;

Despite challenges in the market, the prestige sector remains active, attracting diverse buyers who value tailor-made configurations and services, such as Beulah's 'Tailored Living' option.&nbsp;

Read more: <a href="/news/vic/sth-bnk-by-beulah-breaks-melbourne-apartment-record-again">STH BNK by Beulah breaks Melbourne apartment record</a>

<h2>Andrews Labor Government to ramp up apartment approvals across Melbourne</h2>

In September it was announced the then Andrews Labor Government was working on reforms to clear&nbsp;the backlog of approvals and build more homes, faster.

Over the last year to September, the number of dwellings approved across the state fell by 26.1 per cent.

At a council level, there’s a backlog of around 1,400 planning permit applications for multi-unit housing that have been sitting with councils for more than six months waiting for a decision. Some 550 of those applications have been waiting for more than a year.

Of these, 78 projects have a development cost of more than $10 million – and would deliver around 4,900 new homes.

Premier Daniel Andrews said "building, buying, renovating or renting shouldn't be this hard."

"We need to build more homes, with the best design standards, where people want to live. And that means going up and out – not just out," Mr Andrews said.

Minister for Planning Sonya Kilkenny said&nbsp;Victorians deserve a planning system that works with them – not against them.

"It should be a clear, transparent and accountable system – because Victorians deserve to know who is planning our city and state.”

Read more:&nbsp;<a href="/news/vic/andrews-labor-government-to-ramp-up-apartment-approvals-across-melbourne">Andrews Labor Government to ramp up apartment approvals across Melbourne</a>

Urban's top five most read articles in Melbourne in 2023

<a href="/developers/aniko-group">Aniko Group</a>’s debut Chevron Island apartment development Orama has generated over $100 million worth of sales, prompting the builder developer's own construction arm to kick off the build.

The $135 million development with 102 apartments on Weemala Street has proven popular with local owner-occupiers and downsizers.

[smartcode_project:default project_id=111898 project_image_fid=209596]

The remaining two-bedroom apartments at Orama range from $995,000 to $1.45 million while the three-bedroom skyhomes, which start from $1,995,000, offer panoramic views over the central <a href="/new-apartments/gold-coast-qld">Gold Coast</a> skyline.&nbsp;

Sales Director of Aniko Group, Peter Malady says that Orama is a rare and incredibly attractive proposition for buyers in today’s off-the-plan property market, and its significant interest is a testament to this.&nbsp;

“Market demand in the prestigious precinct continues to be bolstered by local downsizers seeking a more maintenance-free lifestyle in a village community, with the majority of the purchases coming from locals from <a href="/new-apartments/chevron-island-qld-4217">Chevron Island</a>, or within a five-kilometre radius," Malady says.

“Our secondary largest buying demographic is lock up and leave holidaymakers from <a href="/new-apartments/sydney-nsw">Sydney</a> and <a href="/new-apartments/melbourne-vic">Melbourne</a>.”

Everything about Orama has been created with the intent to provide buyers with the best experience and amenities of any project on the market in the precinct.

“Orama will exude luxury, from the quality of each residence to the 550 sqm rooftop recreation area comprising of a gymnasium, pool, spa, residents lounge and a host of other amenities,” said Aniko Group Managing Director George Mastrocostas.

[smartcode_project:default project_id=111898 project_image_fid=209597]

“As we can see from our sales success, we have delivered a product that the local area has responded to well,” Mastrocostas said.

The developer is readying the first release of its <a href="/new-apartments/the-landmark-mermaid-beach-14-seaview-avenue-mermaid-beach-qld-4218">$2 billion The Landmark masterplanned precinct</a> at <a href="/new-apartments/mermaid-beach-qld-4218">Mermaid Beach</a>.

Read more:&nbsp;<a href="/news/qld/aniko-group-plot-launch-of-four-tower-mermaid-beach-development-the-landmark-after-council-approval">Aniko Group plot launch of four-tower Mermaid Beach development The Landmark after council approval</a>

[smartcode_project_cta:default project_id=111898]

Sales Director of Aniko Group, Peter Malady says that Orama is a rare and incredibly attractive proposition for buyers in today’s off the plan property market

Aniko secure over $100m in sales at Orama Chevron Island apartment development as construction kicks off

Last year the Queensland Government increased its support for first-home buyers in Queensland, doubling the First Home Owner Grant (FHOG) from $15,000 to $30,000 for eligible first home buyers.

The move saw Queensland FHOG became the highest first home owner grant in Australia.

The FHOG grant in Queensland however only applies to units less than $750,000.

The government estimates that this increase in the grant will assist around 12,000 buyers in acquiring their first homes by the time the boost expires on 30 June 2025.&nbsp;

We've looked at the best off the plan apartments in Queensland where first home buyers can secure the $30,000 FHOG.

<h2>Project: St Clair Birtinya</h2>

<h3>Price: Two-bedroom from $749,000</h3>

<h3>Developer: Habitat Development Group</h3>

<a href="/new-apartments/sunshine-coast-qld">Sunshine Coast</a> developer <a href="/developers/habitat-development-group">Habitat</a>'s recently launched St Clair in <a href="/new-apartments/birtinya-qld-4575">Birtinya</a> offers FHOG-eligible two-bedroom apartments starting at $749,900, with only limited units remaining for the 113 sqm two-bedder.&nbsp;

Designed by <a href="/architects/k-architecture">KArchitecture</a>, the $150 million development, on two side-by-side blocks on Waterfront Retreat, will comprise two eight-level residential towers with 200 two, three and four-bedroom apartments.

[smartcode_project:default project_id=108399 project_image_fid=230367]

There will be a maximum of 13 apartments on each level. Some of the large penthouse apartments will have over 50 sqm of outdoor space, while a handful of courtyard apartments will have around 90 metres of gardens.

Crowning St Clair is a communal rooftop terrace enveloped by lush subtropical landscaping with an outdoor kitchen and BBQ facilities. The rooftop deck faces Bokarina Beach towards the east, while the lounge overlooks the hinterland to the west.

A 25-metre resort-style lap pool is on the ground level, featuring a five-metre shallow wading entry adjacent to a BBQ pavilion. A residents' 16-seat dining room with a private outdoor terrace complements the pool for social gatherings.&nbsp;

[smartcode_project:default project_id=108399 project_image_fid=230359]

There's also a 1,000 sqm of exclusive resident parklands with barbecue facilities and a firepit area.&nbsp;

St Clair is in the heart of the Sunshine Coast's Health Precinct and less than a five-minute drive from Stockland Birtinya Shopping Centre and Bokarina Beach.&nbsp;

The development is under construction by <a href="/builders/habitat-construction-group">Habitat Construction Group</a>, with estimated completion in Q1 of 2026.

<h2>Project: Murcia Residences, East Brisbane</h2>

<h2>Price: One-bedroom apartments from $695,000</h2>

<h3>Developer: Sarazin</h3>

Prominent <a href="/new-apartments/woolloongabba-qld-4102">Woolloongabba</a> developer <a href="/developers/sarazin">Sarazin</a>'s <a href="/new-apartments/murcia-residences-east-brisbane-9-overend-street-east-brisbane">Murcia Residences</a> is offering one-bedroom apartments starting at $685,000, eligible for QLD's double FHOG scheme.

Located only 500m from the new Cross River Rail and 2032 Games precinct, the <a href="/architects/hal-architects">HAL Architects</a>-designed Murcia comprises 187 one, two, three and four-bedroom apartments, all designed to offer spacious and open-plan living.&nbsp;

The one-bedroom units feature large floor-to-ceiling glass windows and up to three metres of ceiling to allow plenty of natural light to flood in, combined with the generous proportions of the living spaces that extend to the balcony.

[smartcode_project:default project_id=135094 project_image_fid=241262]

The kitchens will be well-appointed with a choice of sophisticated Miele or ILVE kitchen appliances including an integrated dishwasher, oven and cooktop.

Crowning the development will be a suite of residential amenities, including an infinity pool, accompanied by private poolside cabanas and sun lounges.

Just steps away from the pool will lie the unique wellness centre, where residents can benefit from chilled and heated magnesium plunge pools, a steam room and a sauna, as well as alfresco private dining and barbecue facilities.&nbsp;

Completion of Murcia Residences is slated for March 2026.

<h2>Project: Andiamo Apartments, Hope Island</h2>

<h2>Prices: Two-bedroom apartment from $544,488</h2>

<h3>Developer: Robert Laybutt</h3>

Developer Robert Laybutt is offering some of the most affordable apartments on Hope Island at Andiamo Apartments.

They have two-bedroom apartments range between $544,488 and $700,816, before the $30,000 Government assistance.

[smartcode_project:default project_id=139743 project_image_fid=218960]

Andiamo had already been a hit with local first home buyers even before the increase in the QLD FHOG was announced.

Andiamo Apartments comprises 76 apartments centred around a resort-style pool on Broadwater Avenue.

First home buyers have also been attracted to the low body corp, just $70 a week, despite the swimming pool, barbecue area, multi-purpose room and access to lifts.

The top three off the plan apartments that trigger Queensland's new $30k first home buyer grant

Queensland's off the plan property market, dominated by Brisbane the Gold Coast, and the Sunshine Coast, was arguably the most talked about market in 2023 as development ahead of the 2032 Brisbane Summer Olympics continued to be the largest topic of conversation.

The Queensland Government also released their ShapingSEQ 2023, the longterm vision for South East Queensland and how they're going to build enough houses to meet increasing population growth.

We've wrapped up the top five most engaging articles on Apartments.com.au in Queensland in 2023.&nbsp;

<h3>The top 16 Gold Coast apartment developments launching in 2023</h3>

The year kicked off with a forward view as to what was looking at launching in 2023.

A number of the projects listed have been held back until 2024 as develops continue to monitor build costs.

Those that did make it into market, like <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">MRCB's Vista project in Surfers Paradise</a> and Aniko Group's <a href="/new-apartments/chevron-island-qld-4217">Chevron Island apartment development</a> <a href="/new-apartments/orama-chevron-island-12-16-weemala-street-chevron-island">Orama</a>, have benefited from continued high demand for Gold Coast apartments, demand which is still far outstripping supply.

[smartcode_project:default project_id=112730 project_image_fid=211248]

A number of the projects listed, like <a href="/news/qld/gurner-to-push-on-with-burleigh-heads-after-green-light-from-council">Gurner's Burleigh Heads project</a> and <a href="/news/qld/first-look-siera-group-set-for-beachside-surfers-paradise-apartment-development-exhale-surfers-paradise">Siera's Enderley Avenue tower in Surfers</a>, are expected to hit the market in the first half of this year.

Read more: <a href="/news/qld/the-top-16-gold-coast-apartment-developments-launching-in-2023">The top 16 Gold Coast apartment developments launching in 2023</a>

<h3>First look exclusive: Meriton propose three-tower Surfers Paradise apartment development, Cypress.</h3>

<a href="/developers/meriton">Meriton</a>&nbsp;always draws eyeballs whenever they file apartment plans, particularly on the Gold Coast.

Harry Triguboff's apartment giant is set to expand its presence further in <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a>, lodgining&nbsp;plans for a three-tower development known as&nbsp;<a href="/new-apartments/cypress-palms-surfers-paradise-3346-surfers-paradise-boulevarde-surfers-paradise">Cypress</a>, adding 1,000 apartments to the skyline.&nbsp;

The&nbsp;<a href="/architects/dbi">DBI</a>-designed Cypress will consist of 73 and 80-level towers housing 994 apartments, with an additional 327 serviced apartments in a 53-level tower, each featuring rooftop gardens with pools and gym spaces.&nbsp;

<img alt="Urban's top five most read in 2023 in QLD" data-entity-type="file" data-entity-uuid="ed35c3c9-07a7-43b3-bb26-470a7699c65e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20proposed%20podium%20of%20Cypress.%20Image%20credit%20DBI.png?VersionId=49BsOVkxGnQ_CXbuL7jfaRHyi9S2jCbG" />

The Cypress project holds sentimental value for Triguboff, marking a significant addition to his longstanding contributions to the Gold Coast skyline over six decades.

This development is Triguboff's 21st high-rise on the Gold Coast and will be near <a href="/developers/gurner">GURNER</a>'s <a href="/new-apartments/aquia-la-pelago-108-ferny-avenue-surfers-paradise">La Pelago</a> and <a href="/developers/spg-land">SPG</a>'s <a href="/new-apartments/paradiso-place-surfers-paradise-103-ferny-avenue-surfers-paradise-qld-4217">Paradiso Place</a>.

Read more: <a href="/news/qld/first-look-exclusive-meriton-propose-three-tower-surfers-paradise-apartment-development-cypress">First look exclusive: Meriton propose three-tower Surfers Paradise apartment development, Cypress</a>

<h3>First look exclusive: Frasers plans revealed for Keperra Quarry site</h3>

In April national developer&nbsp;<a href="/developers/frasers-property">Frasers</a>&nbsp;unveiled plans for the former Keperra Quarry in <a href="/developments/brisbane-qld">Brisbane</a>'s north-west, outlining two residential precincts, a sports and recreational precinct, and a conservation zone.&nbsp;

<a href="/architects/rothelowman">Rothelowman</a>'s designs for the first precinct feature 91 townhouses spread across 5,043 sqm of the overall 18.9-hectare residential site.&nbsp;

<img alt="Urban's top five most read in 2023 in QLD" data-entity-type="file" data-entity-uuid="400721f3-ed95-4b3d-a926-6dd8c230f3ed" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20proposed%20plans%20for%20the%20townhouses.%20Image%20credit%20Rothelowman.png?VersionId=99b0EzjWHx0FObRLL1IM5rgn9R5bMFJQ" />

The townhouses will feature a mix of three or four bedrooms across two or three levels, with a minimum gross floor area of 140 sqm and a dedicated private open space of 35 sqm.&nbsp;

Extensive facilities, including two swimming pools, a recreation centre, and a gym, are planned for the first precinct.

Read more: <a href="/news/qld/first-look-exclusive-frasers-plans-revealed-for-keperra-quarry-site">First look exclusive: Frasers plans revealed for Keperra Quarry site</a>

<h3>Inside look: Residential opportunity at new $500 million Marina Mirage, Main Beach redevelopment</h3>

We released the first look at the new $500 milllon Marina Mirage, <a href="/developments/main-beach-qld-4217">Main Beach</a> redevelopment <a href="/news/qld/inside-look-residential-opportunity-at-new-500-million-marina-mirage-main-beach-redevelopment">back in February</a>.

South Australian shopping centre tycoon Con Makris revealed plans&nbsp;by Melbourne architect <a href="/architects/fraser-partners-0">Elenberg Fraser</a>&nbsp;for&nbsp;a new retail and dining precinct, a 110-room hotel, 44 apartments, and 46 villas.&nbsp;

<img alt="Urban's top five most read in 2023 in QLD" data-entity-type="file" data-entity-uuid="60b572a0-9932-4df0-943d-16ce8b583b9d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Marina%20Mirage.png?VersionId=0JVDX4MIBBdy3EyXdc2eJr2R2csMizCc" />

The development aims to attract affluent buyers, retirees, and families seeking beach leisure, fine dining, and cultural exploration.

Read more: <a href="/news/qld/inside-look-residential-opportunity-at-new-500-million-marina-mirage-main-beach-redevelopment">Inside look: Residential opportunity at new $500 million Marina Mirage, Main Beach redevelopment</a>

<h3>The top 12 developers to watch out for on the Gold Coast in 2024</h3>

One of the most popular articles was sent at the end of last year, looking forward to 2024 and reviewing which developers are likely to be the most active this year.

Sales momentum gathered at a strong rate toward the end of 2023, which will have had developers licking their lips and doing what they can to get their projects in market.&nbsp;

There were 400 apartments sold in Q3 2023 across prominent areas like <a href="/developments/broadbeach-qld-4218">Broadbeach</a>, Main Beach, and Surfers Paradise.

Developers like Siera, who will have three projects in market when they launched in Surfers, Lewis Land, who are set to launch their <a href="/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters">$1.5 billion Harbour Shores development</a> in <a href="/new-apartments/biggera-waters-qld-4216">Biggera Waters</a>, made the list.

Read more: <a href="/news/qld/the-top-12-developers-to-watch-out-for-on-the-gold-coast-in-2024">The top 12 developers to watch out for on the Gold Coast in 2024</a>

Urban's top five most read articles in Queensland in 2023

Brisbane developer Pyco Group is expanding its footprint in South East Queensland, and it's doing so in one of the region's best locations.

<a href="/developers/pyco-group">Pyco</a>, led by Lachlan Cottee, is set to transform a prime corner block just one row back from the Kirra Beach into a 14-level tower with 97 apartments dubbed <a href="/new-apartments/onde-kirra-10-churchill-street-coolangatta">Onde Kirra</a>.

The owner-occupier-focused developer, who is currently developing&nbsp;<a href="/new-apartments/atelier-110-vulture-street-west-end">Atelier</a> in <a href="/developments/west-end-qld-4101">West End</a> and <a href="/new-apartments/nouveau-albion-8-16-anstey-street-albion">Nouveau</a> in <a href="/developments/albion-qld-4010">Albion</a>, is creating some of the largest apartments in the neighbourhood. Of the 97 apartments proposed, 79 are three bed, while the other 18 have two bedrooms.

<img alt="PYco" data-entity-type="file" data-entity-uuid="cdb9b975-4e24-4128-883d-b4d41b50a9e6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-19%20at%2012.07.49%20pm.png?VersionId=XY39wNeKPRZvi4xH7UHBzyr8J1Rq6trJ" />

Pyco has amalgamated four sites,&nbsp;10 and 12 Churchill Street, 17 Miles Street and 51 Winston Street, to create the 2,044 sqm site for the project, dubbed in the planning application "Kirra Beach Residences".

Architecture firm DAHA said in their design statement submitted with the application to the Gold Coast City Council that their approach creates a space that complements the natural beauty of the Gold Coast landscape whilst elevating the experience of beachside living.

"Taking cues from the vibrant local context of Kirra and Coolangatta,&nbsp;our&nbsp;design&nbsp;boasts&nbsp;a&nbsp;harmonious fusion of local colour schemes, material paleƩes,&nbsp;and&nbsp;lush&nbsp;landscaping&nbsp;that&nbsp;seamlessly&nbsp;blurs&nbsp;the boundary between architecture and natural environment.

"Stepped facades, meticulously&nbsp;crafted&nbsp;to&nbsp;ensure&nbsp;equal&nbsp;light,&nbsp;refreshing&nbsp;breezes,&nbsp;and&nbsp;breathtaking views for each apartment, epitomize a thoughtful&nbsp;approach&nbsp;to&nbsp;elevated&nbsp;coastal&nbsp;living,&nbsp;creating&nbsp;an oasis of comfort."

<img alt="Pyco" data-entity-type="file" data-entity-uuid="ab84fb7e-de1b-4892-80b7-c50ee5270c05" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-19%20at%2012.10.05%20pm.png?VersionId=urZykZlYltqZXmU4oe.ogh_w7IcJAV0x" />

The three-bedroom apartment sizes start from 113 sqm.

The resident amenity on the ground floor, set back from the street and elevated, includes a swimming pool, gym, sauna, resident work from home office space, and a media room.

The site is currently occupied by two houses, two low-rise blocks with four units in each, and two small-scale commercial tenancies. Two years ago approval was given on the Churchill St sites for a nine-level, 40-unit building.

<img alt="Pyco" data-entity-type="file" data-entity-uuid="8ffdeac8-cf53-4c68-a79c-0ce64e874d7a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-19%20at%2012.10.15%20pm.png?VersionId=ykN0nU0G30xmTUpDQdRkwxo0lDG_AhjS" />

The Town Planning Report by Mewing Planning Consultants said the height of the proposed building height complies with the Strategic Framework provisions that enables up to 50 per cent additional height above the acceptable outcome.

"The building height is consistent with the established and new developments in the locality," the report noted.

The <a href="/developments/coolangatta-qld-4225">Coolangatta</a> neighbourhood, Kirra in particular, has seen a wave of off the plan interest in the last few years, with the likes of Hirsch &amp; Faigen's Emerson Kirra, Awaken and Esprit by S&amp;S Projects, and Rhythm Kirra Hill by Immerse Projects.

Pyco's new project bridges the affordability gap and will bring something different to the surf mecca. Pyco is also preparing a project in Sydney's Freshwater.

First look exclusive: Coolangatta's newest apartment tower plans revealed

Hirsch &amp; Faigen are fast approaching sell out of their third Gold Coast apartment development, <a href="/new-apartments/yves-mermaid-beach-7-9-mermaid-avenue-mermaid-beach">Yves Mermaid Beach</a>.

Just two two-bedroom apartments remain in the <a href="/new-apartments/mermaid-beach-qld-4218">Mermaid Avenue development</a>, after the penthouse and sub penthouse sold for $6 million and $5 million a piece over the Christmas period.

Both were snapped up by locals, Hirsch &amp; Faigen's Sales Director Matt George says. Local demand has been a consistent theme over the last 12 months, according to George.

[smartcode_project:default project_id=102451 project_image_fid=186077]

Completion of the 146 Rothelowman-designed apartments is slated for later this year, with tier one builder Hutchies handling the construction.

The final four-bedroom sub-penthouse which fetched $5 million features open-plan living areas and spacious balconies overlooking the Pacific Ocean. A Melbourne investor purchased the other sub-penthouse last year.

[smartcode_project:default project_id=102451 project_image_fid=186081]

The $6 million penthouse has its own private terrace and 335 sqm of interior living space. It has four bedrooms, a study, four and a half baths, and three car spaces. It offers a sought-after northeast view of the Pacific Ocean and the Gold Coast city skyline.&nbsp;

The resident amenity in Yves include a&nbsp;state-of-the-art gym with a sauna, and a pool.

The two remaining apartments at Yves, both with two bedrooms, start from $1.25 million.

[smartcode_project:default project_id=102451 project_image_fid=186085]

&nbsp;

Matt George says there's been more enquiry in 2023 than there was in 2022, which is a promising sign for the Gold Coast apartment market.

George still has the final piece of the puzzle at Hirsch &amp; Faigen's <a href="/buildings/emerson-kirra-100-musgrave-street-coolangatta">Emerson Kirra</a> development, the $10 million penthouse, to sell before calling that a sell out. There's a few interstate parties interested.

The Melbourne developer's first <a href="/new-apartments/gold-coast-qld">Gold Coast apartment development</a>, Hemingway at <a href="/new-apartments/palm-beach-qld-4221">Palm Beach</a>, recently settled with a 100% settlement rate.

[smartcode_project_cta:default project_id=102451]

Completion of the 146 Rothelowman-designed apartments is slated for later this year, with tier one builder Hutchies handling the construction

Yves Mermaid Beach approaches sell out after penthouse sales

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD Group</a> has set a new residential price record in Queensland with the $30 million sale of the penthouse at its <a href="https://www.apartments.com.au/new-apartments/one-burleigh-88-the-esplanade-burleigh-heads-qld-4220">ONE Burleigh</a> development in Burleigh Heads.

The sale equates to around $37,500 per sqm.

The two-level, 800 sqm penthouse, featuring five bedrooms, five bathrooms, five car spaces, and a private infinity pool overlooking the Pacific Ocean, was acquired by a Gold Coast-based entrepreneur, highlighting continued demand for ultra-premium beachfront product.

Selling agent Freddie Tehle of PRD Burleigh Heads said the result reflects tightening supply of high-quality, large-format apartments in Burleigh.

“There’s very limited opportunity to secure this level of scale and absolute beachfront position in <a href="https://www.apartments.com.au/developments/burleigh-heads-qld-4220">Burleigh Heads</a>,” Tehle said.

“Buyers are increasingly seeking apartments that genuinely replace a standalone home, and this penthouse delivers that with its size, privacy, and direct ocean frontage.”

[smartcode_project:default project_id=146358 project_image_fid=323057]

The sale comes as construction progresses on ONE Burleigh, a boutique development of 17 full-floor residences at 88 The Esplanade, scheduled for completion in early 2027.

Developed by MAYD Group and designed by <a href="https://www.apartments.com.au/architects/mas-architecture-studio">MAS Architecture</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/sici-design">Sici Design</a>, the project has been positioned as a collection of house-sized beachfront apartments, each occupying an entire floor with around 381 sqm of internal and external living space.

When construction commenced, MAYD director Todd Mould pointed to the long-term resilience of premium coastal real estate as a key driver behind the project.

“Real estate, particularly at the premium end, remains one of the most resilient and proven long-term investment avenues,” Mould said.

“Our ambition is that anyone who buys a MAYD-built product can genuinely feel the care, craftsmanship and commitment we bring to every detail.”

[smartcode_project:default project_id=146358 project_image_fid=323055]

Each residence has been configured with four bedrooms, multiple living zones, a private office, and expansive ocean-facing terraces. Interiors draw on a restrained material palette, including travertine stone, timber joinery, and integrated premium appliances.

Interior designer Sici Design said the approach was to reflect the project’s coastal setting through both materiality and spatial planning.

“ONE Burleigh is our vision of luxury living, designed to bring the essence of Burleigh Heads' vibrant coastal beauty into an unparalleled residential experience.”

Residents will have access to a suite of wellness-focused amenities, including pools, sauna facilities, and dedicated relaxation spaces, reflecting a broader shift toward lifestyle-driven apartment design on the Gold Coast.

[smartcode_project:default project_id=146358 project_image_fid=323052]

The project occupies a southern Esplanade site with uninterrupted beachfront frontage, an increasingly rare offering in Burleigh Heads, free from the Norfolk Pines that line much of the coastline and often limit direct ocean outlook.

Mould said the design intent was to balance that outlook with a sense of retreat.

“Living at ONE Burleigh is about how your day naturally unfolds, morning light across the ocean, coffee on the balcony, and being in Burleigh but elevated above the noise.”

The result further reinforces Burleigh Heads’ emergence as one of the Gold Coast’s most tightly held and supply-constrained beachfront markets, where boutique, owner-occupier-focused developments are increasingly setting new price benchmarks.

[smartcode_project_cta:default project_id=146358]

MAYD Group sets Queensland record with $30 million penthouse sale at ONE Burleigh in Burleigh Heads

Apartment developers in the Gold Coast are finding new, creative ways to differentiate themselves from competing projects, as new supply starts to flow through up and down the Coast.

Developer Big Projects brought in the renowned Sydney-based design studio YSG to craft the interiors for The Frederick, Big Projects' new Mermaid Beach project and YSG's first move into the multi-residential development space.

[smartcode_project:default project_id=110588 project_image_fid=5346]

It was a strategic move for Big Projects to bring in a Sydney eye to the development.

“Our role is to give our design partners the space and freedom to explore,” says Matt Barrett, Director of Big Projects.

“We wanted YSG Studio to capture the essence of Nobby’s, to design a building that embraces life, light and connection, while creating a genuine sense of place.”

There are only 39 apartments in The Frederick, including a striking beach house, just 100 metres from the booming Nobby Beach precinct.&nbsp;

[smartcode_project:default project_id=110588 project_image_fid=5347]

Yasmine Ghoniem, Director of YSG Studio, says their vision&nbsp;for The Frederick "reinvents coastal living."

“Nobby’s has such an iconic energy, it’s one of those rare pockets of the Gold Coast where the community, the beach, and the streets all feel connected,” Ghoniem says.

"Responding to the neighbouring coastline, soothing curves add a relaxing regional overlay, while unique detailing really sets it apart. It’s a place that feels lived in from the moment you step inside.”

A standout feature of The Frederick is its rooftop terrace, an uncommon inclusion for a boutique, low-rise building, where amenity is typically concentrated at ground level.

[smartcode_project:default project_id=110588 project_image_fid=5360]

Positioned to capture panoramic views from the hinterland to the ocean, the rooftop has been designed as a series of intimate zones. It includes a pool, sauna, sun decks, workspaces and dedicated entertaining areas.

“The rooftop was conceived as a collection of spaces where residents can unwind and connect, an extension of the Nobby’s lifestyle,” Barrett says.

Architecture for the project was led by Plus Architecture, with landscape design by LDG.

SRQ Projects Director Nick Clydsdale, who is handling sales at The Frederick, says the majority of enquiry is coming from South East QLD and Victorian buyers who have been actively searching between Broadbeach and Mermaid Beach for some time.

"They’ve reviewed a number of projects, however this one has stood out for its design flair/ appeal,"&nbsp;Clydsdale says.

Site demolition is slated for this month, with construction commencing soon after. Big Projects is targeting a late 2027 completion.

[smartcode_project_cta:default project_id=110588]

Big Projects taps Sydney’s YSG for first multi-residential project at The Frederick Mermaid Beach

Melbourne-based property developer ALTA Property has this week achieved planning approval for the adaptive re-use of a former commercial tower into a $200 million, 169-apartment project at 10 Queens Road, one of the last developable sites along the Albert Park Lake-fronting boulevard.&nbsp;

Set within one of Melbourne’s most sought-after precincts and designed by <a href="https://www.apartments.com.au/architects/fraser-partners-0">Fraser and Partners</a>, the illustrious building will offer unparalleled views across Albert Park Lake, Port Phillip Bay and Melbourne CBD.&nbsp;

The mix of 1, 2 and 3-bedroom residences will be complemented by a ground-floor amenity featuring private dining, a lounge bar, gym and wellness spaces, co-working, outdoor communal gardens, and retail.&nbsp;

The 17-storey building is a masterclass in adaptive re-use, with the existing commercial building’s façade, shell and internal structure to be retained, before high-end residences are built from the ground up in a newly built Albert Park facing addition to the building.&nbsp;

Sitting atop the building will be two 320+sqm penthouses with private rooftop terraces, which are expected to be priced between $9 - $11 million.&nbsp;

<img alt="ALTA Property achieves permit approval for $200 million Queens Road tower" data-entity-type="file" data-entity-uuid="aa11211b-5581-43f9-940c-fc84d30a0e61" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/C_04.png?VersionId=Yhf5p_1EgGDu_zOIMFgvA8Ug8j3sTFQs" />

Architecturally, the building will feature a curved, geometric façade that celebrates and elevates the existing structure, with warm, muted tones which were selected to extend the materiality of the existing building rather than contrast it.&nbsp;

Interiors will bring together three metre high ceilings with waffle concrete in some spaces, natural timber, granite and Australian materials, culminating in crafted, generous and considered spaces that are defined by authenticity.&nbsp;

The adaptive re-use means that the Queens Road project will be a sustainability led, high-quality finished product, with a 62% saving in carbon emissions by re-using the existing structure rather than knocking it down and rebuilding.&nbsp;

ALTA Property was launched by Nigel Givoni in 2023, bringing over 25 years of experience in multi level residential delivery.&nbsp;

Melbourne’s property market growth is currently led by apartments. According to RPM VIC Apartments &amp; Townhomes Market Report (April 2026), units are outpacing houses, especially in the middle ring suburbs where median prices hit $757,500 – a four-year high that represents 2.9 percent growth quarter-on-quarter.&nbsp;

<img alt="ALTA Property achieves permit approval for $200 million Queens Road tower" data-entity-type="file" data-entity-uuid="647e13d7-b4bc-433a-9bc9-fe3c3dd4f2ec" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/V_06.png?VersionId=ou4NUCWUgA3NAy.6CQJlEdKX50j3dOk6" />

For ALTA Property Founder Nigel Givoni, this performance speaks to the confidence he has in the Melbourne market.&nbsp;

“Queens Road represents a rare opportunity to continue to shape our presence in the Melbourne market.,"&nbsp;Givoni says.

"With a considered project team and a premier site along one of the city’s most sought-after boulevards, we look forward to contributing to the fabric of this established address.

“Other Australian markets are getting a lot of attention, but I believe the depth of value in Melbourne is being overlooked. The fundamentals are strong, population growth is steady and, based on our preliminary conversations with a leading builder, construction costs are beginning to normalise, creating further opportunity."

Givoni says the project is a&nbsp;highly considered example of adaptive re-use, delivering quality, high-end residences, premium hotel-inspired amenities and an architecturally striking façade, all achieved without the need to remove the existing structure.

"We are really looking forward to the market’s response,” he said.&nbsp;

ALTA Property to deliver $200 million Queens Road apartment tower

Construction is set to begin at <a href="https://www.apartments.com.au/new-townhouses/orchard-mews-glen-iris-18-scott-grove-glen-iris-vic-3146">Orchard Mews</a> in Glen Iris, with&nbsp;PC Whitehall &amp; Sons&nbsp;now appointed as the townhome development moves into its next phase.

The development by&nbsp;<a href="https://www.apartments.com.au/developers/montcoeur">MontCoeur</a>,&nbsp;located at 18 Scott Grove, is now around 30 per cent sold, with completion targeted for late-2027.

Orchard Mews comprises a curated collection of three- and four-bedroom customisable townhomes, positioned within one of <a href="https://www.apartments.com.au/developments/glen-iris-vic-3146">Glen Iris</a>’ more tightly held residential streets. The low-density project has been designed by <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>, with landscape architecture by <a href="https://www.apartments.com.au/landscape-architect/jack-merlo">Jack Merlo</a>, bringing together a team known for high-end residential projects across Melbourne.

[smartcode_project:default project_id=150128 project_image_fid=366285]

The development is defined by its focus on flexible living and long-term usability. Each residence includes multiple living zones and a customisable multipurpose room, allowing buyers to tailor spaces to suit changing needs, whether as a home office, additional bedroom, wellness area or entertainment space.

Architecturally, the townhomes emphasise natural light and spatial volume, with dual-aspect layouts and double-height living areas incorporated into the design. Interiors feature natural stone benchtops, premium appliances, and a neutral material palette intended to support everyday functionality rather than statement-driven finishes.

All residences are all-electric and include private lifts and secure double garages, reflecting a broader shift toward sustainability and future-focused housing in Melbourne’s established suburbs.

[smartcode_project:default project_id=150128 project_image_fid=366277]

Outdoor connections are also central to the offering, with a mix of private courtyards and terraces extending internal living spaces and integrating with the landscaped surrounds.

The Scott Grove address places Orchard Mews within close proximity to some of Melbourne’s key lifestyle and education amenities, including Scotch College, Sacré Cœur, Cabrini Hospital and the retail hub of Chadstone. Public transport access is also nearby, with trams and Gardiner Station providing connectivity to the CBD and surrounding suburbs.

[smartcode_project_cta:default project_id=150128]

Construction to commence at luxury Glen Iris townhome project, Orchard Mews

A rare new apartment development has been proposed on the fringe of St Ives Village.

Developer Newquest Property has lodged plans for a low-rise apartment project designed by well-regarded architecture firm Warren &amp; Mahoney, which is best known for its work in the multi-residential sector in Melbourne.

The building, proposed for a 1,916 sqm site on <a href="https://www.apartments.com.au/new-apartments/st-ives-residences-3-5-memorial-avenue-nsw-2075">Memorial Avenue</a> opposite St Ives Village Green, has been designed to blend into the surrounding natural environment.

<img alt="St Ives" data-entity-type="file" data-entity-uuid="5c1c7437-2fba-4345-a6d7-05321714ad3e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-04%20at%201.28.46%E2%80%AFPM.png?VersionId=KrYyMaJvNqR7vbx0xbB3Ef8sJ6FuHpmn" />

“Drawing inspiration from the pale trunks and flowering canopies of the scribbly gums and blue gums prevalent in the area, a considered material palette was developed,” the architectural design report states.

“This palette references the established materiality of the suburb while elevating it through refined finishes to achieve a more luxurious architectural expression.”

Of the 33 apartments proposed, 21 will be three-bedroom residences. The remaining mix includes nine two-bedroom apartments, one one-bedroom apartment and two four-bedroom residences. The development will be supported by 62 car parking spaces and 33 secure bicycle spaces.

The proposal would replace two single-storey brick buildings currently on the site.

<img alt="St Ives" data-entity-type="file" data-entity-uuid="21422eaf-09a9-4439-9278-b9bd9daf22a1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-04%20at%201.38.10%E2%80%AFPM.png?VersionId=v.fXSgcUcEscvOZzqcjG5nk3gVqk_Amt" />

St Ives remains a relatively untapped market for new apartment development. North Shore developer WINIM has a number of projects in the area, while INCA is nearing completion of Ellis Residences.

More recently, Traders In Purple has lodged plans for one of the denser projects proposed in the suburb, a 75-apartment development on a 5,900 sqm site on Cowan Road.

NewQuest, a construction, design and development firm, has delivered over 24 projects across commercial, residential, industrial, and lad markets.&nbsp;

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Joel Robinson

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