Boutique Melbourne property developer Piccolo has spent around $35 million on an apartment development site in <a href="/developments/kew-vic-3101">affluent Kew</a>.

The 8,475 sqm site at 18 Barry Street, on the corner of A'Beckett Street, will offer view lines across Yarra Bend Park and Studley Park, as well as the <a href="/developments/melbourne-vic">Melbourne CBD skyline</a>.

Piccolo Managing Director Michael Piccolo said from the very beginning, they saw the AAA-rated site as a perfect fit.

"Its location, surrounded by the serenity of leafy streets and impressive vistas, combined with its scale, liveability, and character, ticks&nbsp;all the boxes for us," Piccolo says.

"This unique opportunity is a rare gem in the current market, where properties of such calibre are extremely scarce."&nbsp;

While designs are currently being drawn up by Woods Bagot, in yet another partnership between the two, the project, A Piccolo House - Barry Street, Kew, is expected to be worth around $180 million.

The newly acquired site is currently occupied by a former Residential Aged Care Facility (RACF), comprising a combination of single and two-story buildings.

<a data-entity-type="file" data-entity-uuid="77ba6615-144d-4186-a23e-c25cd1373a69" href="/new-apartments/piccolo-house-barry-st-kew-barry-street-kew-18-barry-street-kew"><img alt="Piccolo" data-entity-type="file" data-entity-uuid="77ba6615-144d-4186-a23e-c25cd1373a69" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-14%20at%2010.41.33%20am.png?VersionId=Ys2gpCoTiIKYRZYXANxTmUt7rauWhtxT" /></a>

"At Piccolo, we are driven by the desire to create homes that come with the promise of longevity and also enhance the lives of our residents, and the surrounding community with timeless developments," Piccolo added.

"In addition to finding the right partners, the ability to find the perfect site for every Piccolo home is an important part of achieving this goal. A building should be about more than just the residents who occupy it – if it’s loved by the community, it will remain for generations."

Piccolo will also bring in fellow long-term partner Hecker Guthrie to transform the site into a connected community.

"We are excited to join hands once more with Woods Bagot to bring to life our vision for this exceptional development site. Their innovative approach to design, combined with our commitment to excellence, will once more result in remarkable living spaces that offer both luxury and functionality."

This site acquisition follows Piccolo’s sales success with 385 Gore Street, Fitzroy which is currently under construction after selling&nbsp;70% of the residences in less than 5 months.

Colliers Director for Development sites Hamish Burgess, who handled the transaction with colleagues Ian Sanders and Justin Hazell, said development propositions of this stature within one of Melbourne's most coveted residential locations are rarely offered to the market.

"Its corner location, potential for stunning view lines, proximity to Kew Junction shopping village, and unique scale provides the perfect foundation for a market-defining project.”&nbsp;&nbsp;

Piccolo Managing Director Michael Piccolo said from the very beginning, they saw the AAA-rated site as a perfect fit

Joel Robinson

Piccolo buys $35 million Kew site for next development

Spinal Life Australia is jumping on the apartment development boom in Woolloongabba ahead of the 2023 Summer Olympics.

They're seeking to turn the prime 3,297 sqm site at 109 Logan Road, which is currently home to the Spinal Life Healthy Living Centre, into a 20-level tower with 203 apartments.

The building, designed by BSPN Architecture, will be dominated by two-bedroom apartments (108). There will be just 23 one-bedroom apartments, 71 three-bedroom apartments, and a single four-bedroom apartment on level 20.

The rooftop will feature a recessed wet edge pool, outdoor kitchen, and sunken lounge.

<img alt="Woolloongabba" data-entity-type="file" data-entity-uuid="fa07e912-26f2-424b-bc84-491a11922b78" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-11%20at%204.54.39%20pm.png?VersionId=TsCl4oM4fx3cGZqL9EJypcD37Iuuv18U" />

There will also be a number of retail tenancies on the Logan Road frontage.

"The prominent location of the site, situated within 600m walking distance to Cross River Rail, provides a great opportunity to progress the key gateway to the Brisbane Olympic Precinct in Woolloongabba whilst supporting the Logan Road Dining Precinct," Place Design Group noted in their Town Planning Report.

BSPN said in their Urban Content Report that the&nbsp;wider urban context of Woolloongabba presents three contrasting residential building typologies that have a greater contextual influence on the project site.

"These typologies include multi-storey residential developments at 10-15 and 20 storey applications as well as the traditional low density residential housing setting.

"As a reflection of these contrasting typologies and their individual strengths and characteristics, the building response aims to embody and reflect these key characteristics through the exploration of the concept of Congruent Conjunction.

"The design concept of Congruent Conjunction represents the meeting and cross over of these individual elements that intertwine to create a shelter that contributes to developing and strengthening the wider context of South Brisbane.

"Through the use of the concept of Congruent Conjunction, the design response aims to incorporate the key elements of each typology in way that in sympathetic to the urban context."

<img alt="Woolloongabba" data-entity-type="file" data-entity-uuid="c714a59c-f1a7-49ed-bd42-de3aa3f0707e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-11%20at%204.58.59%20pm.png?VersionId=z3bA3AbnYUm7VjnhZUEoQAjobQtYQ6we" />

BSPN said there was an opportunity to embrace, and further enhance, contemporary connection to yards.

"These typologies have traditional connections to green spaces as front and back yards, where its differences mainly lie within its delineation of public accessibility. This is such where front yards are shared with/contributed to the public and the back yard is privately accessible by the dwellers."

The contemporary front yard typology will comprise front yard spaces that are semi-public,&nbsp;contributing to a greener public streetscape, as well as providing spaces and opportunities for community engagement, while the contemporary back yards will be spaces are semi-private backyard spaces focused on the residents. These include the back yard lawn, work from home rooms, the barbecue pavilion, playspace, and wellness lawn.

BSPN said in their Urban Content Report that the wider urban context of Woolloongabba presents three contrasting residential building typologies that have a greater contextual influence on the project site

Woolloongabba apartment development plans filed for 2032 Summer Olympics gateway site

The rejuvenation of Byron Bay's main thoroughfare, Jonson Street, is set to continue.

New plans have been lodged by local developer Jason Dunn, whose JD Property Group is proposing a mixed-use development at <a href="/new-apartments/secret-garden-119-123-jonson-street-byron-bay">119-123 Jonson Street</a>. Earlier this month JD Property Group won two major awards at the 2023 NSW Urban Development Institute of Australia (UDIA) Awards for their mixed-use project Jonson Lane, down the road from the new proposal.

The latest project will be just 22&nbsp;apartments above an activated ground plane.

The 2,727 sqm site, 750 metres from Main Beach and on the corner of Jonson and Kingsley Street, will home six retail spaces and a food and beverage tenancy, set around a central courtyard.

<img alt="Byron Bay" data-entity-type="file" data-entity-uuid="a829d92c-4234-47e5-b4ef-8c3356212ec1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-09%20at%208.39.57%20am.png?VersionId=BEip2.99q9f.pudTQbwYA6HXgqIdCv7q" />

There will be 85 parking spaces created, 44 retail and 41 residential, across the two basement levels.

The two levels above the 1,073 sqm of retail will comprise 22 two, three and four-bedroom apartments. The nine apartments on the top level have their own private rooftop terraces. They share the roof with a communal pool for all of the residents.

Architecture firm BayleyWard refined their designs after working with the <a href="/developments/byron-bay-nsw-2481">Byron Bay</a> Department of Environmental Planning for the most desired outcome.

A pre-lodgement community engagement program was undertaken late last year, with only one property making contact regarding the proposal despite a letterbox drop to every property within a 500m radius of the site, an ad in the Byron Shire Echo, and a site notice. The Community Engagement Report suggested it could be because the comprehensive project website provided sufficient information and answers.

"Whilst there were questions and there was feedback (almost all of it was positive and none of it was negative), there were no requests for changes to the draft proposal," the report noted.

<img alt="Byron" data-entity-type="file" data-entity-uuid="d7f46ceb-fade-45f1-9645-7203e2b00b0c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Byron.jpg?VersionId=Ue5TJNSc4OAciGaUYhITV2K0vvXn_g8M" />

BayleyWard noted in their Design Statement that the&nbsp;client and design team has developed an architectural response that addresses key issues discussed during the consultation process with the <a href="/developments/byron-bay-nsw-2481">Byron Bay</a> Design Excellence Panel.

"In considering the urban design response to Jonson Street, it was recommended that there is a two-storey expression on Jonson Street with a recessed in alignment with the objectives of the Byron Shire DCP to support the desired street character," the report read.

"This two storey expression has been incorporated into the proposal with an accentuated ground floor retail storey with a masonry balcony element articulating the second storey above. The upper levels are set back and expressed as a darker recessive masonry materiality to minimise visual impact when viewed from the streetscape."

Apartment entry spaces have been designed with generous areas adjacent to front doors to accomodate bike or surfboard storage, planting, or a place to sit and interact with neighbours.

"These spaces extend private amenity into the semi public walkways promoting a sense of ownership, connectivity and community among residents."

<img alt="Jonson" data-entity-type="file" data-entity-uuid="722f6081-ac06-408e-a7d7-bf75d8cfba53" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-09%20at%208.54.52%20am.png?VersionId=Lam1.Q42bGrDb690YTTKyu0REteLiU.d" />

Larc Landscape Architecture said the vision seeks to aligns with the aspirations of the <a href="/developments/byron-bay-nsw-2481">Byron Bay</a> Town Centre Masterplan to “connect the Centre of Byron Bay with the spirit of its community.”

"The project strives to create new diverse social hub to encourage locals and visitors to come together - centred around a new public courtyard activated with retail, lifestyle and well-being to create a unique and authentic place in Byron Bay."

The half of the site, 119-121 Jonson Street, is currently home to function and event venue Secret Garden, while 123 Jonson is occupied by a holiday accomodation block.

<img alt="Jonson" data-entity-type="file" data-entity-uuid="346b8d77-6963-43bb-8b40-7a07c801190e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-09%20at%208.34.59%20am.png?VersionId=IMiQ7ZJvEqYOivcZqHzi3B0vPsfF3IFk" />

JD are also planning Jonson Lane, 28 apartments above a commercial precinct at 139 Jonson Street.

Jonson Lane won the Excellence in Boutique Development Category at the UDIA Awards. They also took home Silver in the Retail Development Category, bringing home the Commendation Award. They were the only Northern Rivers development to win an award or be nominated as a finalist in the 2023 Awards.

“Whilst we are proud of the awards, we are learning as we are progressing” Dunn said.

“As well as our collaboration with Architects Bayley Ward, we are working closely with sustainable development consultants HIP V. HYPE on 119-123 Jonson Street. They are responsible for some of the greenest developments in Australia and I really love what they bring to the table.

"Our intention is that this will be one of NSW’s most sustainable developments”.

Elsewhere on Jonson Street, Sydney developer Podia is working with local hotelier on&nbsp;<a href="/new-apartments/the-bonobo-by-raes-byron-bay">The Bonobo by Raes</a>.&nbsp;<a href="/new-apartments/the-bonobo-by-raes-byron-bay">The Bonobo by Raes</a>, at 116-118 Jonson Street, is offering a collection of 44 hotel-managed apartments, pitched as an alternative to Airbnb.

Luxcon have their <a href="/new-apartments/bohemian-90-96-jonson-street-byron-bay">Bohemian project</a> of 44 apartments above a 1,750 sqm retail shopping and international food plaza at 90-96 Jonson Street.

<h2>Fast Facts</h2>

<ul>
	<li>Address:&nbsp;119-123 Jonson Street, Byron Bay</li>
	<li>Developer: JD Property Group</li>
	<li>Site size: 2,727 sqm</li>
	<li>Retail space: 1,073 sqm</li>
	<li>Dwellings: 22 apartments
	<ul>
		<li>6 x two-bedroom apartments</li>
		<li>11 x three-bedroom apartments</li>
		<li>5 x four-bedroom apartments</li>
	</ul>
	</li>
</ul>

Jonson Street has been a hive of activity in the last 12 months, with Luxcon and Podia also developing new apartment projects

First look: New apartments planned for Byron Bay's Jonson Street

The consecutive rate holds by the Reserve Bank of Australia has put a spring in the step of both homeowners and prospective property purchasers.

The official cash rate is now at 4.1 per cent, and it's expected it's either at the peak, or is one rate hike away. Three of the Big Four banks now expect the cash rate has peaked, with NAB expecting one more hike, in November.

Now attention has turned to when rates will start coming down. The majority of economists and experts don't think it will be until at least the second half of 2024, although CBA, the nation's biggest lender, believes it could be as early as March.

<h2>How will the cash rate holds affect the off the plan property market?</h2>

Everything has pointed to continued growth in the apartment market across nearly every capital city in the country. What's been holding back significant growth in some capitals has been the RBA's rate hikes over the last 15 months.

Immigration forecasts, low building approvals, problematic construction costs, land prices, and critically low supply suggests apartments can only get more expensive from here on in.

What seems to be a more difficult conversation in the off the plan apartment market is trying to get the buyer to understand what the cash rate is now doesn't really matter (that is of course unless the building is approaching completion.)

What's important in the off the plan market is what the cash rate will be when the building is complete. If construction is 12 months or so away from completion, then you might actually be buying into an environment where mortgage rates are dropping.

For the last 12 months or so, project marketers have had wave after wave of buyer come through their display suite doors, without any confidence in what they can spend, and what their mortgage repayments might look like come completion date.

Projects by Buxton Director Heath Thompson says the pause will particularly help buyers in the off the plan market.

"It's been hard for people to have a good understanding of what their borrowing capacity will be in the 12-18 months time when there has been such uncertainty around interest rate movement," Thompson says.

"Finance brokers have only been able to advise on what they can borrow now and this has been a moving target each month. I think we are getting to a time where people can start to forecast their finances with some confidence."&nbsp;

Thompson believes different sectors will react in different ways depending on circumstances.

"Younger and middle age demographics have been heavily impacted by reduced borrowing capacity and general uncertainty, whereas downsizers generally borrow very little or not at all to purchase so are less impacted."

[smartcode_project:default project_id=5495 project_image_fid=190763]

<div style="text-align:start">
Scott Jessop, Sales and Marketing Director at Sunkin who have recently launched their sustainable Highett Common masterplan, said there's certainly a lot more buyer confidence since the first RBA pause, and he expects there to be even more now they've paused for a second month in a row.

"Purchasers are looking ahead to the next 12-24 months and thinking that we should be in a much more stable economic period&nbsp; than we are now, and having additional time prior to settling gives them an advantage to get themselves ready to have a mortgage over this period," Jessop says.

Jessop says, despite winter traditionally being a slower period for off the plan property, this year&nbsp;has remained reasonably strong across the board due to the low supply volumes currently on market.&nbsp;

[smartcode_project:default project_id=108019 project_image_fid=213936]

"Generally speaking, a lot of purchasers are still comfortable with interest rates normalising following COVID, but the speed of the increases was the major issue which can affect people's foresight and future planning, they end up thinking in the now.

"On the flip side, we've still seen a lot of strong demand even with this going on which just goes to show the underlying strength of the property market at the moment."

Jessop believes there may only be a small window however for buyers to secure apartments at their current price.

"I really think there is a slight window of opportunity to get in and purchase now prior to the immigration influx, prior to interstate migration picking up again and drastically low current and future housing supplies."

It's a sentiment felt by property advisory giant Charter Keck Cramer, who believe off the plan apartments could rise by up to 25 per cent. A study across 10 Melbourne suburbs found some developers have already started putting their prices up by 15 to 25 per cent, and buyers are paying it.

Read more:&nbsp;<a href="/news/vic/melbourne-off-the-plan-apartment-values-could-spike-25-per-cent-charter-keck-cramer">Melbourne off the plan apartment values could spike 25 per cent: Charter Keck Cramer</a>
</div>

For the last 12 months or so, project marketers have had wave after wave of buyer come through their display suite doors, without any confidence 

How the RBA rate holds will impact the off the plan property market

Central Element has won two awards at the&nbsp;Urban Development Institute of Australia (UDIA) NSW Awards for Excellence for their <a href="/new-apartments/coogee-nsw-2034">Coogee apartment development,</a> Anden Coogee.

Anden Coogee took the top prize in both the&nbsp;Medium Density Development and Design categories. Their Balmoral Collection in Mosman was also nominated in the Design and Retirement Living categories and Ethos Chatswood for Marketing.

Anden, a collection of 15 luxury apartments on Oberon Street, was completed earlier this year.

<img alt="Anden" data-entity-type="file" data-entity-uuid="a7242b16-6712-423d-98b5-9cafe1a1f1cf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-07%20at%201.50.47%20pm.png?VersionId=W3FV.7p0rNlZCx5Mp5YExH_n4DQcE2WU" />

The project, a mix of one, two and three-bedroom apartments, was a collaborative effort between architecture firm MHNDU, interiors experts Lawless &amp; Meyerson, and landscapers Dangar Barin Smith.

Judges’ comments included praise for the careful design that retained the celebrated art deco streetscape – a prominent feature of the Coogee Art Deco Walking Tour, and sustainable features such as its photovoltaic panels, solar access, rainwater collection systems, and that open stairwell promote eco-friendliness.

Also winning the Excelling in Design award,&nbsp;where The Balmoral Collection Mosman was also a finalist, judges recognised Anden’s harmonious design that weaves together the striking original art deco architecture of the former 1930’s block with a new sustainable build.

The development was proclaimed a prime example of biophilic design promoting a greener and healthier way of life, with its central focus the communal garden that unfolds through a series of tiered lawns, complete with fitness floor, yoga space and infrared sauna.

Individual residences feature generous flowing living spaces that seamlessly spill to sun-drenched terraces or private garden courtyards along with state-of-the-art automation and AV technology.

<img alt="Anden" data-entity-type="file" data-entity-uuid="51b49a66-033c-4a4c-9db9-ce5e1790a7e8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-07%20at%201.50.55%20pm.png?VersionId=GRqXgqhCefgYkndHBoZVLF_RXdxXuuXV" />

“Taking out the award in two of the four categories we were nominated in is a reflection of the tireless work and dedication of our exceptional team and our valued partners MHNDU, Lawless &amp; Meyerson, Dangar Barin Smith and Ultra Building Co," Central Element Development Manager Sarah Boland said.

"Our team has doubled in size over the past two years, and it is thanks to the support across the board that enabled our specific project teams to excel.&nbsp;

"It is also thanks to our highly regarded and trusted design and build teams that we continue to deliver on our promise to build exceptional living spaces in enviable locations that exceed expectations time and time again.”

Central Element has been busy so far in 2023. They have their <a href="/new-apartments/ethos-15-ellis-street-753-pacific-highway-chatswood">Ethos Chatswood project</a> currently in market, while they've also just received approval for a <a href="/news/nsw/central-element-get-sign-off-for-mixed-use-hyde-park-tower-in-sydney-cbd">new project on the fringe of Hyde Park</a> and their <a href="/news/nsw/central-element-and-develotek-set-to-launch-bianca-drummoyne-apartments-following-council-sign-off">luxury Drummoyne waterfront development, Bianca Drummoyne</a>.

Anden, a collection of 15 luxury apartments on Oberon Street, was completed earlier this year

Central Element win two UDIA Awards for Anden Coogee apartment development

Greenland and joint venture partners Golden Horse Australia have broken ground at Arbor, the second stage at their Erskineville masterplan, Park Sydney.

Arbor, which was first released in late 2021, will comprise 165 apartments, following the completed stage one buildings, Botany and Cascade.

Designed by award-winning Turner Architects, Arbor reflects the heritage of Erskineville’s terrace-lined streets, as well as the local area’s distinct sense of energy and creativity.

Arbor comprises a mix of studio, one, two and three-bedroom apartments starting from $693,000.&nbsp;

Since launching Botany and Cascade back in 2018, Park Sydney has become a thriving community and home to 330 residents, with 100 per cent of the completed apartments fully sold.

Construction partners Alliance Project Group and Mainland Civil have completed the site preparation works on the site which straddles Mitchell Road and Ashmore Street.

Park Sydney, one of the last and largest unencumbered freehold parcels of land in the City of Sydney, is located just four kilometres from the Sydney CBD. It already features a number of pocket parks, anchored by the 7,446 sqm McPherson Park.

There's a Woolworths Metro and a childcare facility already part of the development. It's just a short walk to Erskineville Train Station, as well as the 40-hectare Sydney Park and Erskineville Oval located just a few hundred metres away.

Arbor will be the final stage of Park Sydney handled by Greenland. Last year they <a href="/news/nsw/coronation-property-plan-over-1-000-apartments-at-newly-acquired-park-sydney-erskineville-site">sold five hectares of Park Sydney for $315 million to Coronation Property</a>, who will add a further 1,000 apartments to the community, as well as 5,000 sqm of retail.

Earlier this year Coronation revealed the <a href="/news/nsw/coronation-reveal-plans-for-1-5-billion-erskineville-transformation">first plans for the $1.5 billion development</a>.

&nbsp;

Arbor, which was first released in late 2021, will comprise 165 apartments, following the completed stage one buildings, Botany and Cascade

Greenland break ground at Park Sydney, Erskineville second stage

Sekisui House Australia secured over 50 sales at the launch of Veue Central, the latest stage of their $1 billion <a href="/developments/norwest-nsw-2153">Norwest</a> masterplan The Orchards, at the launch this weekend.

Veue, the fourth stage and the tallest tower in the precinct at 22 levels, saw more than $63 million worth of apartments snapped up, predominantly bought by locals.

One of the sales, a four-bedroom penthouse which sold for $3.2 million, set a new apartment record for Sydney's Northwest.&nbsp;

The majority of the 53 sales were two-bedroom apartments (38). Eight one-bedroom apartments were sold, as were five three-bedroom apartments and two four-bed penthouses.

Sekisui Sales Manager David Lee said sales in The Orchards continue to demonstrate strength in <a href="/developments/norwest-nsw-2153">Norwest</a> and the Sydney market generally.

"Over 60 per cent of purchases came from locals, whilst the remainder was mostly spread across 15 Sydney suburbs," Lee said.

[smartcode_project:default project_id=140704 project_image_fid=217810]

“There was a diverse mix of buyers from owner-occupiers and downsizers to first home buyers and renewed interest from overseas investors from South-East Asia. This cohort of purchasers recognize the benefits of buying in a well-located area such as Norwest, a north-west growth suburb.

“It is all about location for them and making the numbers work. The ability to walk to Norwest Business Park and Norwest Metro Station is very appealing to renters. Rental demand continues to soar in Norwest due to supply constraints in this area, which is an attractive proposition for investors."

Lee said three key aspects helped secure owner-occupier sales; Veue’s unique design elements, quality finishes, and Sekisui House’s local and international reputation to deliver high-end luxury apartments.

"Upsizers and empty nesters looking to downsize and use the equity from their homes to move into a ‘lock-up’ and leave luxury apartment represented several apartment sales.”

"The splendid uninterrupted northerly views overlooking Castle Hill Country Club, Norwest Lakes to the south and the Blue Mountains to the west also captured buyer interest.”

Veue is one of six buildings in The Orchards, which vary in height from nine levels to 22 levels. Veue homes nearly half of all of the apartments in The Orchards.

Crone Architects has created Veue’s residential towers with a vertical green spine complemented by an open landscaped recreational central core, connecting residents to parklands that extend from the eastern part of the site all the way to the creek in the west.

“Veue’s design vision compliments The Orchards’ natural surrounds with residences maximising connection to the landscape and nature," Julian Venning, Crone Architects Principal said.

"The green of the gardens is drawn into the resident experience. A sense of wellness is promoted in the design within the wonderful natural environment. A place to return to from the fast pace of the city to a garden setting for which Baulkham Hills is renowned."

[smartcode_project:default project_id=140704 project_image_fid=217808]

Floor to ceiling glazing to capture panoramic views to nature, optional interior schemes including diverse materials and tonal finishes, oversized balconies on upper levels and EV charging within the resident car park are some of the meticulously designed features Veue purchasers can expect.

Prices start from $840,000 for the 76 sqm, two-bedroom apartments.

Veue will also home a wellness centre with gym and pool, which connects directly to the garden. Veue residents can entertain up to 100 guests within the adjacent communal function centre for parties and special occasions. A concierge service is also available to service the needs of all residents.

The masterplan, designed by Turner, is spread across five stages. When completed, the community will comprise 1,300 apartments.

The Orchards is located approximately 31 kilometres north-west of Sydney’s CBD and is nestled in Norwest. It is strategically positioned 800 metres from Norwest Metro Train Station and 600 metres from&nbsp; Norwest Marketown as well as Norwest Business Park - currently housing over 30,000 employees.

Construction is expected to start on Veue in 2024.

[smartcode_project_cta:default project_id=140704]

Veue, the fourth stage and the tallest tower in the precinct at 22 levels, saw more than $63 million worth of apartments snapped up, predominantly bought by locals.

Sekisui secure over 50 sales at The Orchards Norwest latest apartment release, Veue Central

New developer JSMN has quickly had its first residential apartment development approved, on Fitzroy's popular Napier Street.

JMSN, founded by Sam Jamieson, the son of Harry the Hirer founder Rick Jamieson, submitted the application for the boutique block of 10 apartments earlier this year.

Read more:&nbsp;<a href="/news/vic/first-look-exclusive-jmsn-file-plans-for-first-apartment-development-in-fitzroy">First look exclusive: JMSN file plans for first apartment development in Fitzroy</a>

The project, dubbed ns227 at 227 Napier Street, has been designed by Warren and Mahoney and comprises two and three-bedroom sustainable apartments which envelope around an internal courtyard.

The six-storey building is inspired by&nbsp;townhouses seen in Paris and London, which are celebrated for the sustainable merits of their high-density, mid-rise typologies.

JMSN acquired the site in 2022 for $4.5m. Zoned for mixed-use development, the building’s facade extends to the fourth floor without a setback, a planning concession Jamieson says is key to responsible development in the area.

“Fitzroy is a suburb that is densifying and needs to densify, but it can be done in a way that honours the existing neighbourhood and avoids overdevelopment,” Jamieson says.

“With ns227, we are looking to set a new benchmark of what that can look like, taking the learnings from Europe’s mature, urban cities and applying them in a way that is thoughtful and conducive to modern Australian lifestyles — an approach that will underscore all JMSN projects in future.”

Having worked in the family business for 15 years, Jamieson travelled the globe extensively to procure the temporary structures Harry the Hirer is recognised for, including the Victorian Spring Racing Carnival ‘Birdcage’ and marquees for iconic events such as the Australian Grand Prix and the Australian Open.

It was during his travels, particularly in Paris and London, where Jamieson cultivated an appreciation forEuropean architecture and observed that its design principles could be better incorporated into Australian homes.

“The evolution of inner city developments has seen many inspired by Brooklyn-style warehouse conversions, but in Fitzroy, a neighbourhood defined by its Victorian terrace homes, JMSN is exploring influences from Paris and London that better reflect local lifestyles and the aesthetic vernacular of the area,” Jamieson added.

“The brief for our architect was to take the form, flow and materiality of European architecture and add a distinctly modern Australian flair. It was important to pick up cues and best practice, but never about replication.”

European influences are identified in the Juliet windows, which allow for larger living spaces with the versatility of use in summer and winter. Juxtaposing this, a contemporary curved entrance defines the ground floor, while concrete polished lintels offer a modern contrast to the classic textured brick façade.

Warren and Mahoney principal Nick Deans says the sensitive design approach is considerate of the end user and surrounding neighbours.

“This lot is located in a special part of Napier Street and the considered design of ns227 blends seamlessly into a neighbourhood of high-calibre developments,” Deans says.

“The design speaks directly to the Victorian vernacular of Fitzroy and has a feeling of solidity and timelessness about it. It’s a building that is good now and will only get better with age. All of the apartments are unique in layout, offer generous floorplans and delightful finishes, which are sure to create 
welcoming homes for owner-occupiers.”

An internal courtyard filled with greenery, a central water feature and arch windows will orient the residences, providing natural light, amenity and reducing the impact of shadow on neighbouring homes.

On Napier Street, window planter boxes will spill hardy and long-flowering geraniums, while an ivy will fill the facade in a nod to both London homes and the surrounding Fitzroy context.

Warren and Mahoney has delivered multiple residential projects in the area including The Spanish Club by GURNER. Works are slated to begin mid-2024.

The project, dubbed ns227 at 227 Napier Street, has been designed by Warren and Mahoney and comprises two and three-bedroom sustainable apartments which envelope around an internal courtyard

First look: JMSN get sign off for first apartment development on Fitzroy's Napier Street

Sydney's unit market continued to see growth over July, however at a slightly slower pace than recorded in the two months prior.

Property data analytics firm CoreLogic's Monthly Hedonic Home Value Index found the value of <a href="/developments/sydney-nsw">Sydney units</a> grew 0.7 per cent in July, a tad softer than the 1.2 per cent gains in June and the 1.8 per cent in May.

<a href="/developments/sydney-nsw">Sydney</a> unit values are now 4.2 per cent up year to date and just&nbsp;-1.4 per cent down compared to this time last year.

Nationally it was a fifth consecutive month of housing value recovery, however the rate of growth has lost momentum over the past two months.

CoreLogic Research Director, Tim Lawless, noted the most substantial reduction in growth has occurred in <a href="/developments/sydney-nsw">Sydney</a>.

“After leading the upswing, the monthly pace of growth in Sydney housing values has halved from a recent high of 1.8 per cent in May to 0.9 per cent in July," Lawless said about both houses and units.

He said the significant rise in fresh listings has also proven to be a contributor. They're up nearly 10 per cent compared to this time last year, and 18 per cent above the previous five-year average.

"An increased flow of new listings provides more choice and may be working to reduce some of the urgency felt among prospective buyers,” Lawless said.

<h2>What's happening in the Sydney off the plan apartment market?</h2>

While the supply of fresh listings is improving across the <a href="/developments/sydney-nsw">Sydney</a> property market, it's not the case in the off the plan property space, where there's been little to no new projects launch in the last month or so.

Top Spring Australia has seen records smashed at Ode <a href="/developments/double-bay-nsw-2028">Double Bay</a>,&nbsp;with the penthouse and sub-penthouse both breaking the previous $16 million record in the affluent suburb.

Sydney Ma, Managing Director at Top Spring Australia, says&nbsp;Sydney remains one of the country’s strongest and most consistent performers.

"Within inner city areas like the Lower North Shore and Eastern Suburbs, the product-driven demand for high quality properties with a truly unique lifestyle hasn’t wavered."

They've seen success at <a href="/new-apartments/the-newlands-st-leonards-21-41-canberra-avenue-st-leonards">The Newlands</a>, their park front <a href="/developments/st-leonards-nsw-2065">St Leonards masterplan</a>, with a number of purchasers coming from the North Shore and Lower North Shore.

[smartcode_project:default project_id=24509 project_image_fid=203619]

"These sites, so close to the <a href="/developments/sydney-nsw">Sydney CBD</a> and bordered by absolute park front on three sides, are incredibly rare and in an area where glass towers dominate," Ma said.

"In our experience, purchasers are expecting more luxury finishes and timeless architecture with opportunity for investment upside. The access to lifestyle and culture opportunities in these prime locations is key and our response at <a href="/new-apartments/the-newlands-st-leonards-21-41-canberra-avenue-st-leonards">The Newlands</a> is human-centric design in a resort-style setting that sets a new lifestyle benchmark."

David Lee, who is handling sales at <a href="/new-apartments/the-orchards-i-veue-central-norwest-104-fairway-drive-norwest-nsw-2153">Sekisui's The Orchards</a> masterplan in <a href="/new-apartments/norwest-nsw-2153">Norwest</a>, said he's seen&nbsp;a surge of investor activity, despite the significant interest rate moves over the last 15 months.

"This cohort of purchasers recognize the benefits of buying in a <a href="/new-apartments/norwest-nsw-2153">well-located area such as Norwest, a north-west growth suburb</a>. It is all about location for them and making the numbers work.

[smartcode_project:default project_id=140704 project_image_fid=217809]

"The ability to walk to <a href="/new-apartments/norwest-nsw-2153">Norwest</a> Business Park and <a href="/new-apartments/norwest-nsw-2153">Norwest</a> Metro Station is very appealing to renters. Rental demand continues to soar in Norwest due to supply constraints in this area which is an attractive proposition for investors."

Lee says owner occupiers have been focused on three key aspects before buying off the plan; design elements, quality of finishes, and track record of developers.

[smartcode_project:default project_id=140704 project_image_fid=217810]

"An amplified interest in developer track record is driven by an increase in construction companies heading into administration," Lee says.

He says the larger apartments across <a href="/new-apartments/the-orchards-i-veue-central-norwest-104-fairway-drive-norwest-nsw-2153">The Orchards</a> have been favoured by upsizers and downsizers using the equity from their home to move into a lock up and leave apartment. The larger units have also been popular with those who are more often than not working from home.&nbsp;

"Demand continues to outstrip supply," Lee says.

Sekisui has just launched <a href="/new-apartments/the-orchards-i-veue-central-norwest-104-fairway-drive-norwest-nsw-2153">Veue Central</a>, the latest stage at the $1 billion The Orchards masterplan.

Read more: <a href="/news/nsw/sekisui-reveal-veue-central-the-next-stage-of-their-1-billion-norwest-masterplan-the-orchards">Sekisui reveal Veue Central, the next stage of their $1 billion Norwest masterplan, The Orchards</a>

Read more:&nbsp;<a href="/news/nsw/city-beat-july-2023-sydney-growth-continues-as-first-home-buyers-get-new-stamp-duty-concessions">City Beat July 2023: Sydney growth continues as first home buyers get new stamp duty concessions</a>

Read more:&nbsp;<a href="/news/nsw/city-beat-june-2023-sydney-secures-off-the-plan-sales-success-at-affordable-and-luxury-ends-of-the-market">City Beat June 2023: Sydney secures off the plan sales success at affordable and luxury ends of the market</a>

Sydney unit values are now 4.2 per cent up year to date and just -1.4 per cent down compared to this time last year

City Beat August 2023: Sydney unit value growth softens as listings rise, but not in the off the plan apartment market

The recent hikes in interest rates has kept everyone guessing month on month.

Ryan Middlemas, Managing Director at <a href="/developments/brisbane-qld">Brisbane-based</a> Carrick Developments, says property buyers had become used to having many properties on the market and cheap and easy finance available. &nbsp;As interest rates rose rapidly and many vendors held properties off the market, both of those factors changed. The quick succession of rate rises was "like a game of musical chairs." as buyers were forced to rapidly adjust their expectations.

"When the music stops, you end up on whatever chair you end up on," Middlemas says.

While many prospective purchasers have seen their serviceability and budgets decrease since the RBA started hiking rates over 12 months ago, Middlemas says ultimately, people still want to buy property.

"People have still made the decision to buy, and while they now can't necessarily afford what they could 12 months ago, their circumstances and appetite to buy generally hasn't changed.

"Buyers maybe take a few months to adjust their expectations. Initially they're saying to themselves 'I could have previously afforded X and I don’t want to compromise, but after a few months, they just accept the new normal and get on with it."

Middlemas says they're seeing a different cohort of buyers because of the rate rises.

"It's almost the opposite of a bracket creep," Middlemas says.

"While many developers feared there would no longer be buyers for their product, from our point of view, it's just a different cohort of people who will be the buyers. They were maybe looking at buying a house 12 months ago, but now their budget only extends to an apartment. They've had to change their expectations. Although it is a different buyer than it might have been previously, the raw number of buyers is relatively unchanged."

Carrick Developments will begin construction on their Indooroopilly project Natura in August 2023. Securing a builder for the project at a workable price had its challenges given conditions in the South East Queensland construction industry.

[smartcode_project:default project_id=94606 project_image_fid=160862]

"It's been a long road like a lot of projects in Brisbane," Middlemas said, noting the dynamic shift in trying to find a builder.

"The construction industry is still operating well beyond capacity. &nbsp;Larger builders are typically not accepting new work, and in any case you have to query how much exposure they still have behind the scenes to unprofitable projects priced prior to the big spike in construction cost, though we are probably past the worst of it.&nbsp;Some smaller builders are stepping into the mid-tier space."

He said previously a developer would have been able to shop around for a builder, creating a shortlist of three then going through a tender process to select one.

"Builders typically refuse to participate in tenders now," Middlemas says.

"If they're not the only one looking at it, they're not going to bother. So now instead of going to three you have to go to one, and if that one doesn't work out, you have to start the whole process again with the next builder."

Middlemas has appointed Cule Constructions to build Natura, following a successful collaboration at Carrick’s Bellevue Clayfield project.

[smartcode_project:default project_id=94606 project_image_fid=160859]

Carrick has hit its pre sales milestones at the project of 35 apartments, and Middlemas expects that when construction has commenced, the remaining apartments will be quickly snapped up.

"What we’re seeing is that few projects are getting more than a quarter or so into their build without being sold out," Middlemas says.

"Whatever you've got left when the cranes go up is going to fly out of the door in a couple of months, as buyers then have the confidence that the project is definitely happening."

Carrick is working on amalgamating a site in Labrador on the Gold Coast for a higher density project in the near future, and will shortly submit a development application for 62 apartments in Brisbane’s Upper Mount Gravatt.

"Brisbane will produce roughly half the number of apartments per year in the next two years as it did in the years prior to Covid. The supply of new apartments will get worse before it gets better." 
&nbsp;

Ryan Middlemas, Managing Director at Brisbane-based Carrick Developments, says the quick succession of rate rises was "like a game of musical chairs."

"It's like musical chairs": How expectation management has kept the Brisbane off the plan market ticking

<a href="https://www.urban.com.au/developers/far-east-consortium">Far East Consortium</a>’s 640 Bourke Street stands as a testament to&nbsp;<a href="https://www.urban.com.au/developments/melbourne-vic-3000">Melbourne</a>’s ability to bridge its storied past with a bold vision for the future.&nbsp;

Rising above the heritage-listed Eliza Tinsley building, the development reflects a broader shift toward adaptive reuse in the city, where historical assets are retained and reinterpreted as part of new residential development.

Designed by <a href="https://www.urban.com.au/architects/rothelowman">Rothelowman</a>, <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> incorporates the Eliza Tinsley building as its foundation, housing a grand gallery and lobby space that serve as both a functional and symbolic centrepiece. The heritage façade informs the tower’s design, creating a connection between Melbourne’s past and its contemporary skyline.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

[smartcode_project:default project_id=509 project_image_fid=365684]

Above this historic base, the 68-storey tower will deliver just over 600 residences, a notable reduction from earlier schemes, reflecting a deliberate move toward larger-format apartments and a stronger owner-occupier focus.

Unlike traditional CBD developments that prioritised investor stock, 640 Bourke Street has been repositioned to respond to changing buyer expectations.

"The discussion was all around making 640 Bourke Street the best residence to live in, to be much more focused on the people in the building rather than people looking at the building," Marsland explained.&nbsp;

This shift is evident in the development’s interiors, which emphasise practical luxury with spacious layouts, high ceilings, and floor-to-ceiling windows framing sweeping views of Melbourne and Port Phillip Bay.&nbsp;

“What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Lauren Sheldon, Far East Consortium’s Director of Sales and Marketing, said.&nbsp;

[smartcode_project:default project_id=509 project_image_fid=365687]

Rothelowman Associate Jun Chang added, "We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."&nbsp;

Amenities spanning more than 3,000 sqm across multiple levels further reinforce this focus on resident experience. These include a pool, gym, co-working areas, and a range of hospitality-inspired spaces such as a whisky lounge, library, and private dining rooms, many drawing reference from traditional bathhouses and Melbourne’s laneway culture.

"We wanted to make both the pool and the gym area to be absolutely destinational, and when you traverse across to these spaces, there is a gentle familiarity to the beautiful notions of the hammams and the Roman baths, a gentle nod to history," Chang noted.

At street level, the project contributes to the ongoing transformation of the western CBD, with upgrades to Langs Lane and the introduction of retail, hospitality, and gallery spaces designed to activate the precinct and strengthen its connection to the surrounding city fabric.

[smartcode_project:default project_id=509 project_image_fid=365689]

The location places residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market, and the Docklands waterfront, positioning the development within a rapidly evolving inner-city neighbourhood.

"We believe it's the best site left in the city of Melbourne," Craig Williams, Executive Director at Far East Consortium, said.&nbsp;

640 Bourke Street is Far East Consortium’s 14th building in Melbourne’s western CBD.

"A very elegant designed building. It's going to be a Melbourne statement for many, many years to come."

One-bedroom apartments are priced from around $640,000, with 640 Bourke Street targeting completion in 2029.

Renders shown are Artist's Impressions correct as of May 2026.

[smartcode_project_cta:default project_id=509]

Heritage-led design anchors Far East Consortium’s 640 Bourke St, Melbourne

<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 Studio to craft the interiors for The Frederick, BIG Projects' new Mermaid Beach project and YSG Studio'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 Studio, with landscape design by LDG Landscape Architecture.

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 unique detailing and compelling design,"&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]

Sydney’s YSG Studio makes Gold Coast multi-residential debut with BIG Projects at The Frederick

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]

Joel Robinson

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