ASX-listed developer Mirvac has topped out the second and final stage of its $790m NINE by Mirvac residential community in Willoughby.

When completed in early 2024, Stage 2 will comprise 214 dwellings across five residential buildings, as well as a community pavilion for both residents and the local community.

The residential community occupies the 3.2-hectare site of the former Channel Nine television studios, six kilometres north of the Sydney CBD. NINE by Mirvac has 442 apartments across 10 buildings.

Mirvac General Manager Residential Development NSW Toby Long said the topping out of Stage 2 was another demonstration of Mirvac delivering for its customers while ensuring quality in every detail.

“We acquired a site that was closed to the public for almost 70 years and we’re thrilled to be one step closer to transforming it into a place that not only residents but the widercommunity can enjoy,” Long says.

“NINE by Mirvac is a testament to our commitment to the Sydney housing market. Given our best-in-class 5-star iCIRT rating, buyers can be assured they are getting an industry-leading quality product.”

[smartcode_project:default project_id=93788 project_image_fid=186245]

NINE will also include two proposed food and beverage tenancies, a 1,000 sqm retail/commercial building and 6,500 sqm of open space. The new community has been popular with local downsizers and young families attracted by the Mirvac design quality and the extensively landscaped surroundings.

The five buildings in Stage 2 - ranging in height from four to nine storeys - comprise a mix of one, two and three-bedroom residences, including penthouses with sweeping district views.

The buildings are an expression of distinctively timeless architecture created by the award- winning Mirvac Design Team in collaboration with architects CHROFI.

[smartcode_project:default project_id=93788 project_image_fid=216656]

The Committee for Sydney (2022) estimates there is a historical under supply of about 96,000 dwellings in Sydney with data from the Australian Bureau of Statistics and Urban Development Institute of Australia NSW (UDIANSW) showing apartment approvals still remain 60 per cent below their 2018 peak.

“With NINE by Mirvac here in Willoughby, and the recent topping out of three buildings at Green Square, Zetland, we are not only generating more places close to the city for Sydney-siders to call home, but also fostering communities that will meet the needs of its residents for years to come," Long added.

"Our commitment could not be more important as we play our part in resolving the housing affordability crisis."

[smartcode_project:default project_id=93788 project_image_fid=216658]

Mirvac General Manager National Design Brett Crellin says since 1972, Mirvac has been providing much-needed, and much-loved, homes for Australians and that that experience is invaluable, especially in the current crisis.

“We consider the quality of the material to extract the best value from it. We've got 50 years of experience delivering buildings, and we always strive for excellence that’s above and beyond. The team has been incredibly focused on leaving a beautiful legacy,” Crellin says.

“The level of design detail which has gone into delivering the vision has set a new precedent within our residential portfolio.” Mirvac’s five decades of experience are evident in the care and attention paid to social connectivity and well-being through the inclusion of The Gateway Hub, a multi-function space for residents and the local community. It features an open-air pavilion with a green roof, outdoor terrace seating and servery facilities, underlining the community values at the heart of NINE by Mirvac.

Stage 1 at NINE by Mirvac is anticipated for completion in Spring 2023 and Stage 2 is due for completion in early 2024.

[smartcode_project_cta:default project_id=93788]

The residential community occupies the 3.2-hectare site of the former Channel Nine television studios, six kilometres north of the Sydney CBD



Joel Robinson

NINE by Mirvac tops out final stage of $790m NINE by Mirvac in Willoughby

New plans have been filed for an apartment development in <a href="/developments/albion-qld-4010">Brisbane's Albion</a>, seeking to bring some much-needed owner-occupier stock to the inner north-eastern suburb.

The unknown developer, originating from China, is wanting to push the building height past what's permissible on the 809 sqm site at 417 Sandgate Road, acquired last year for $1,932,500.

The Assessment Report by DTS Group said the pursuing of the uplift is based on "strong urban design merit supported by significant evaluation of the site characteristics and context and planning parameters."

"The justification is based on a logical approach to zoning and neighbourhood planning, with the resultant outcome achieving a logical transition of building height and density," the Report added.

<img alt="Albion" data-entity-type="file" data-entity-uuid="285a73bd-47d9-40dd-a401-03081d8db233" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-21%20at%2010.37.31%20am.png?VersionId=ONHvepOkpMc00IVG75ajdgA7f.LmTplG" />

Just 15 apartments will be spread across the eight-level building, dubbed L'Amour, French for Love. There will be a mix of four two-bedroom apartments and 11 three-bedrooms.

It will be crowned with a resident rooftop terrace comprising a lounge, plunge pool, outdoor kitchen, yoga area, and a number of communal breakout spaces.

DTS Group stated in the Urban Context Report that L'Amour&nbsp;feels new and a head of its time, but also fits within its context.

"L'Amour is a concept that has developed out a combining a multiple dwelling typology within the rhythm and fine-grained detail found in traditional Queenslander buildings interspersed throughout."

<img alt="L'Amour" data-entity-type="file" data-entity-uuid="4c05a736-8955-4c2d-b4a3-1f63c703cedd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-21%20at%201.41.27%20pm.png?VersionId=PbbzKpTv0MjvUYpnKI1hWID8r4MtA4sL" />

They said the apartment in L'Amour will will have "extremely copious sized private living quarters for the residents as well as a generously sized communal recreational space both on the earthly plain and a subtropical sky garden and sky pool."

"Combining the amenities of today, with the amenities of the upcoming Olympic Games, with the amenity of the building, L’AMOUR aims to be a place that its residents can live comfortably and enjoy long term."

They said the&nbsp;residences enjoy three-way natural cross ventilation whilst overlooking the <a href="/developments/brisbane-qld">Brisbane City skyscape</a> both from their private balconies, as well as the thoughtful rooftop sky garden and sky pool.

There will be 31 car parking spaces and a further four visitor parking spaces created for the project.

Earlier this month there was an application for a new development next door to <a href="/news/qld/albions-iconic-breakfast-creek-hotel-to-get-new-neighbour">Albion's iconic Breakfast Creek Hotel</a>.

Just 15 apartments will be spread across the eight-level building, dubbed L'Amour, French for Love

First look: L'Amour to deliver owner-occupier apartments to Brisbane's Albion

Frasers Property Australia has officially unveiled its $500 million masterplanned community, The Quarry, in Keperra in Brisbane’s north-west.

The 48.7-hectare hillside precinct is transforming from the Keperra Quarry into <a href="/new-townhouses/the-quarry-by-frasers-property-1004-samford-road-keperra-qld-4054">Brisbane’s most elevated community</a> featuring a mix of home and land sites, Rothelowman-designed terrace home residences, extensive placemaking, and shared resort-style amenity.

Cameron Leggatt, Executive General Manager Development, said the company has spent the past two years undertaking an extensive transformation of the landscape with a focus on placemaking and connectivity.

“This is without doubt one of the most significant urban transformations we’ve undertaken and it’s a challenge we’ve embraced wholeheartedly,” Leggatt said.

“Some of Brisbane’s most celebrated precincts have been transformed from industrial style uses into vibrant urban renewal precincts and <a href="/new-townhouses/the-quarry-by-frasers-property-1004-samford-road-keperra-qld-4054">The Quarry</a> is one of those chapters in that renewal.

“The site’s sculptural setting lends itself to dynamic architecture and landscaping, and we have partnered with an exceptional team of architects, place makers and landscape designers to bring our vision to life.”

Read more:&nbsp;<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>

<img alt="Frasers" data-entity-type="file" data-entity-uuid="57f041e8-431d-4273-bbb0-a55f1d4410c1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-21%20at%2011.59.44%20am.png?VersionId=SskubuZF5Xa2RVuAegeZd1ZvSBri694w" />

Located 9.5 kilometres north-west of the <a href="/developments/brisbane-qld">Brisbane CBD</a>, Keperra is an established suburb with pent-up demand for new housing supply due to its proximity to leading schools, healthcare, and major transport infrastructure.

<a href="/new-townhouses/the-quarry-by-frasers-property-1004-samford-road-keperra-qld-4054">The Keperra Quarry</a>, which mines granite, has operated for more than 60 years and will progressively curb operations as the development of the residential stages advance.

Scott Ullman, General Manager Queensland Development, said more than 1,000 people attended The Quarry’s community celebrations on Saturday 8 July to experience the transformation for the first time.

“In the first week since The Quarry launched, we have received more than 450 enquiries and 150 walk-ins to the onsite sales centre for the first land release of 29 home sites,” Ullman said.

“Our sales team are working through the immense volume of interest, and we look forward to providing a further update in the weeks ahead.”

Ullman said homes will be built on elevated platforms up to 170m above sea level, enabling them to capture views overlooking the D’Aguilar Range, Glasshouse Mountains, Moreton Bay and beyond.

“Residents will also enjoy access to ClubQ, the $5 million Rothelowman-designed community recreation centre complete with an entertainer's kitchen, dining room, event spaces, library and work zones,” he said.

<img alt="Frasers Quarry" data-entity-type="file" data-entity-uuid="6ffe2406-a31f-4ed2-b64d-88275c262d78" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-21%20at%2011.59.39%20am_1.png?VersionId=M99urMbAQ7XK2qro5pCue2ViKD.LH.63" />

“Other ClubQ amenities include a 25m lap pool with an adjoining sun deck, two additional resort-style walk- in pools with an integrated waterfall and kids splash and play area, and a private wellness centre featuring a fully equipped gymnasium and meditation room."

Ullman said it's not a traditional subdivision.

"More than 40 per cent of the community is dedicated to existing bushland and newly curated green space and resident amenities. ClubQ is the heart, and the residents will own it.”

The landscaping surrounding ClubQ will be woven throughout the site to deliver multiple green areas with outdoor barbecues and nature play spaces, alongside more than 100,000 plants and trees in a true mission towards regeneration.

“Our passion for innovation and creating vibrant communities across Australia has been part of our history for almost 100 years,” he said.

“With this history comes a track record of delivering transformational urban renewal, from the award- winning Hamilton Reach community on the Brisbane River, to Midtown in Macquarie Park in New South Wales, also a former quarry site.”

Land prices at The Quarry start from $580,000.

Frasers has spent the past two years undertaking an extensive transformation of the landscape with a focus on placemaking and connectivity.

Frasers unveil $500 million The Quarry masterplan in Keperra

The problematic shortage in the apartment development pipeline in Melbourne, paired with huge immigration forecasts over the next decade, has had property advisory giant Charter Keck Cramer predict huge growth for the <a href="/developments/melbourne-vic">Melbourne off the plan apartment market</a>.

Charter Keck Cramer said this week that, despite the current difficulties in the marketplace which have stemmed from the aggressive interest rate rises over the last 18 months, there are a number of reasons why apartment values will go up.

"There are a number of fundamental reasons that support the thesis that off the plan apartment value rates across the entire apartment market in <a href="/developments/melbourne-vic">Melbourne</a> will simply have to recalibrate upwards over the next 12 months," Charter Keck Cramer's research report authored by their Research and Strategy team Richard Temlett, Ben Carter, and Charlotte Tolfree read.

[smartcode_project:default project_id=112174 project_image_fid=199599]

Their analysis of apartment projects across 10 <a href="/developments/melbourne-vic">Melbourne suburbs</a> shows that&nbsp;several of those that have been released over 2023 have increased their off the plan value rates by +15 per cent to +25 per cent. That's in comparison to pre-COVID off the plan value rates of apartments of the same size in earlier stages of the same development or in comparable projects in the same locations.

They added a caveat however, suggesting that not every project in every location would be able to revise rates upwards.

"At present, the ability to increase value rates comes down to the developer, brand, location and respective target markets."

They believe the buyer market will have to accept the new pricing structure, given it is unlikely that land values will fall substantially, nor will building costs fall dramatically.

<h2>Interest rates and consumer sentiment</h2>

Charter Keck Cramer said the 400 basis point rise since April 2022, which has both dampened purchaser sentiment and cut purchasing power by around 40 per cent, has seen buyer cohorts move into a different property bracket.

"When rates were at 0.1%, all potential buyers had much higher purchasing capacities. A segment of this cohort had the capacity to purchase a detached house or a townhouse whilst another segment that had the capacity to purchase an apartment.

[smartcode_project:default project_id=5495 project_image_fid=210547]

"With rapid rate rises, there is anticipated to be a “shuffle” downwards (trade-off) where many buyers are forced to trade into medium and higher density dwellings as dictated by their revised finances.

"For those that do not wish to buy, or now cannot afford to buy, will still need a place to live. This in itself provides renter demand which will be attractive to BTS apartment investors (as well as Build to Rent operators)."

There also the renting buyer who is expected to speed up their purchase timelines given the rise in rents over the last 12 months. They expect almost all of these potential buyers will seek the most affordable product type, which will be apartments.

<h2>Supply Imbalance</h2>

While Charter Keck Cramer prepares it's&nbsp;State of the Apartment Market report for H1-2023, the key take away is that&nbsp;supply remains at incredibly low levels.

"When this is read in light of population growth being at decade highs, it is no surprise that vacancy rates are incredibly low and rents are rising so quickly.

<img alt="Melbourne supply" data-entity-type="file" data-entity-uuid="3cc52365-efac-40d9-bb07-00d9938cb47e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-21%20at%2010.58.55%20am.png?VersionId=r6aa0O4FUpEfD_wEqQl078dOfISsfsHN" />

"It is also an explanation for why Charter Keck Cramer feels that there will be a floor under price falls (if any) of established apartments, and also a fourth reason why we believe new apartment pricing will need to adjust upwards and will be supported by the buyer market."

<h2>Construction costs and land values</h2>

The advisory firm said that while construction costs are starting to slow, their feedback from builders in the industry is that it is unlikely they will ever revert to pre-COVID levels. They also say that there is going to&nbsp;continue to be substantial competition and demand for labour given the city-shaping infrastructure projects being completed across <a href="/developments/melbourne-vic">Melbourne</a> over the next few years.

"This stands to keep construction costs elevated in the short, medium and longer term."

[smartcode_project:default project_id=27554 project_image_fid=214531]

There's also the expectation that land prices are unlikely to fall substantially, if at all, given the extremely restrictive planning system across <a href="/developments/melbourne-vic">Melbourne</a>.

"Our investigations with many sales agents suggest that well located quality sites are highly sought after and are increasing in value given many developers are aware of the substantial supply / demand mismatch occurring across Melbourne.

<h2>2023 Apartment Value Rates</h2>

Charter Keck&nbsp;Cramer collaborated with their valuer colleagues and sampled several BTS apartment projects of varying scale across 10 suburbs in <a href="/developments/melbourne-vic">Melbourne</a> of similar scale that have been launched for sale to market in H1-2023. That's allowed them to&nbsp;understand the relative change in off the plan value rates in projects as at 2018 and 2019 (pre-COVID) compared to 2023.

They used the two-bedroom, two-bathroom product as it was the most popular and allowed the most meaningful comparison to be made.

They found that off the plan value rates have increased by +15% to +25% in several projects.

[smartcode_project:default project_id=342 project_image_fid=169551]

"We remind the industry that quite simply, people need a place to live. Given the shortage of supply and substantial demand for housing there is going to continue to be a large mismatch between supply and demand for housing across Melbourne over the next 2-4 years.

"At present, it is apparent to Charter Keck Cramer that the ability to increase off the plan value rates (and by how much) comes down to the developer, brand, location and target market.&nbsp;Some projects have increased value rates by only +2% to +5% whilst others have increased them by amounts greater than +25%."

Charter Keck Cramer's view is that&nbsp;in <a href="/developments/melbourne-vic">Melbourne</a>, the pre-COVID off the plan value rate of $10,000 per sqm is now closer to $12,000 per sqm, whilst the pre-COVID off the plan value rate of $12,000 per sqm sqm is now closer to $14,000 per sqm.

"This requires a change in mindset that needs to be led by the development and financer industry after which it is anticipated that the buyer market will follow given they have limited other alternatives in the current market."

<h2>The Outlook</h2>

Charter Keck Cramer believe the buy to sell apartment market in Melbourne is in the process of being pulled forward.

"Charter Keck Cramer has spoken about the structural changes in living preferences that are occurring across <a href="/developments/melbourne-vic">Melbourne</a>. These structural changes include the take up of apartment living, and also renting and renting for longer.

"It is Charter Keck Cramer’s view that the flow on effect of the pandemic described above has meant that the maturity of the BTS apartment market in Melbourne is in the process of being pulled forward (or “jumping”) by a property market cycle (i.e. 7-10 years). This will continue to play out over the next 12 months."

They say part of the&nbsp;pull forward in market maturity (evolution) will be that larger numbers of occupiers embrace living in apartments as well as the buyer market accepting higher prices for BTS apartments as this product type continues to become more mainstream. &nbsp;

"The other critical part of this expedited apartment market maturity however is that developers will need to respond by delivering owner-occupier quality apartments. Some examples of these features include apartments with extra storage, lots of communal amenity, larger living areas, larger functional balconies and more 3 Bedroom apartments." 
 
Charter Keck Cramer also believes that the RBA is close to the top of the rate tightening cycle.

"When rates stabilise, it is anticipated that market demand will start to be expressed and sales rates will accelerate. When rates start to be cut, there is anticipated to be an extremely elastic response across the entire housing market with the BTS apartment market well poised to be a primary beneficiary for many of the reasons highlighted above.&nbsp; "

Charter Keck Cramer said this week that, despite the current difficulties in the marketplace which have stemmed from the aggressive interest rate rises over the last 18 months, there are a number of reasons why apartment values will go up.



Melbourne off the plan apartment values could spike 25 per cent: Charter Keck Cramer

Leading Australian integrated property development group, Aqualand, is one step closer to unveiling its latest contribution to the evolving inner-Sydney skyline, following a topping out ceremony at their latest landmark project, AURA by Aqualand.

Located at 168 Walker Street, on the edge of the rapidly transforming <a href="/developments/north-sydney-nsw">North Sydney CBD</a>, AURA by Aqualand has now marked the completion of its uppermost floor, which rises 29 storeys above the streetscape.

To celebrate the milestone, Aqualand’s Managing Director, Jin Lin, was joined by <a href="/developments/north-sydney-nsw">North Sydney</a> Mayor Zoe Baker, and Principal of the project’s architect Woods Bagot, Jason Fraser, along with a selection of key project stakeholders, at a small formal ceremony.

The event was held on the rooftop of AURA by Aqualand which boasts panoramic vistas over the iconic <a href="/developments/sydney-nsw">Sydney Harbour and CBD</a>.

<img alt="Aura by Aqualand" data-entity-type="file" data-entity-uuid="31ed3929-695b-483f-9bf0-98b9fed42ce9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-21%20at%2010.24.50%20am.png?VersionId=os1YxiblLsF_3gaOd9qY76ioGWUnBv8a" />

In keeping with tradition, the event included the craning of a ceremonial evergreen tree to the top of the building as a symbol of good luck. AURA by Aqualand represents the fifth residential project delivered by Aqualand since the company’s launch in 2014 and is well on the way to joining a portfolio of other notable completed projects such as BLUE at Lavender Bay in <a href="/developments/milsons-point-nsw-2061">Milsons Point</a> and The REVY at Darling Island.

The $1 billion mixed-use project is the second to be delivered by Aqualand’s internal construction arm, Aqualand Construction. Once complete, it will comprise 386 luxury apartments above a richly landscaped two storey retail podium and commercial spaces.

AURA by Aqualand is Sydney’s latest example of architecture as sculpture, a category that includes some of the city’s most memorable buildings, from the white sails of the Sydney Opera House to the giant plant-draped bowls of Barangaroo House and Darling Harbour’s nest-like mixed-use building, The Exchange.

[smartcode_project:default project_id=30959 project_image_fid=202657]

Aqualand Group Managing Director, Jin Lin, says the project is testament to the developer’s genuine commitment to collaborate with world-leading partners to deliver luxury projects that create dynamic communities and proud legacies for future generations.

“We couldn’t be more excited to reach this milestone and look forward to welcoming our future residents to AURA by Aqualand by the middle of next year, where they will enjoy an enviable lifestyle in the heart of this rapidly transforming and prestigious precinct.”

Aqualand’s Executive Director Development &amp; Construction, Tom Catalovski, said he was proud of his internal construction team’s commitment to delivering the project.

“While there’s still plenty of work to be done, with the facade installation currently at level 20 and rising a level each week, and inside the residence’s kitchens are being installed and the tiling of bathrooms is progressing its way up the building floor by floor, it’s very exciting to see the building reach its highest point.

“It’s now easy to see the building’s distinctive design and I’m truly proud of my construction team’s hard work in reaching this significant milestone. It’s important that we take stock of all we’ve done to date and celebrate our achievements.”

&nbsp;

[smartcode_project:default project_id=30959 project_image_fid=202991]

Woods Bagot’s streetscape transforming design comes in the form of an elegantly curved building with a gracefully undulating facade which creates an illusion that the single structure is divided&nbsp;into four separate towers, with staggered peaks stepping down from level 29 to level 23.&nbsp;The distinctive hourglass shape cinches in at the level-nine ‘waist’ of the building, where the resident’s community centre is located.

Jason Fraser says the design draws inspiration from the eroded sandstone forms of Sydney Harbour and the ever-changing play of light on the water.

“We started looking at the harbour for inspiration. The building is shaped in an organic way reminiscent of these eroded stone forms,” he said.

“The ground plane is also carved out to reveal sandstone walls, interesting textures and colours drawn from the sandstone.

Fraser said sculptural buildings are harder to draw, document and build.

“Many of Sydney’s most famous sculptural buildings, from the Sydney Opera House to Barangaroo House and The Exchange, are designed with an obvious community benefit in mind. The sculptural form is used to give back to the community. AURA by Aqualand represents an impressive and ambitious commitment by a residential developer to give back to the community architecturally.”

[smartcode_project:default project_id=30959 project_image_fid=202986]

AURA by Aqualand’s extensive retail precinct will provide residents with a curated shopping and dining destination on their doorstep, including a providore, bakery, café and wine bar, an all-day diner and a contemporary Japanese restaurant. A network of landscaped laneways will welcome people into the precinct.

Other resident amenities include a 24-hour concierge service, gym equipped with world- leading fitness technology brand Technogym, wellness room, pool of Telsa cars to share, and end-of-trip facilities. A glamorous rooftop area offers a sky sun deck, private dining rooms, barbecue and kitchen space for year-round al fresco entertaining.

Through its residential, retail and commercial spaces, the building will breathe new life into North Sydney, delivering vibrant and carefully considered spaces to live, work and play.

[smartcode_project_cta:default project_id=30959]

The event was held on the rooftop of AURA by Aqualand which boasts panoramic vistas over the iconic Sydney Harbour and CBD

Aqualand top out $1 billion AURA by Aqualand in North Sydney

Sydney developer Central Element has been given the green light by the <a href="/developments/sydney-nsw">City of Sydney</a> for their Hyde Park development at 271 Elizabeth Street.&nbsp;

The mixed-use project, being developed in collaboration with equity partner MaxCap and the current landowner, will be designed by the renowned architects Murcutt Candalepas.

The transformation of the Hyde Park site will include the development of 42 apartments, many of which will offer panoramic views of the park and over the Royal Botanic Gardens to Sydney Harbour. The project will also feature hospitality spaces and a range of amenities.

Behind the design, are long-time friends and colleagues Glenn Murcutt and Angelo Candalepas. This collaboration is the first time the awarded architects will work together on a project for the <a href="/developments/sydney-nsw">City of Sydney</a>.

<img alt="Central Element" data-entity-type="file" data-entity-uuid="6b0d9bc5-c944-4fa8-bb05-cdd7ec2d585a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-20%20at%209.13.46%20pm.png?VersionId=EhWY2yHwyjveTKlbEmqL7gHw20vzYh9." />

Angelo Candalepas is renowned for his multiple award-winning residential apartments such as Prince Street in <a href="/developments/cronulla-nsw-2230">Cronulla</a>, Waterloo Street and Pelican Street in <a href="/developments/surry-hills-nsw-2010">Surry Hills</a>, and The Castle on Bathurst Street.

His firm was most recently awarded The Fox: NGV Contemporary, Australia’s largest gallery dedicated to contemporary art and design.

Glenn Murcutt is a highly awarded architect and the sole Australian recipient of the prestigious Pritzker Architecture Prize. His notable projects include Donaldson House in Palm Beach, Walsh House in Kangaroo Valley, and the Australian Islamic Centre in Victoria.

The architectural design of the project places a strong emphasis on framing the picturesque views nearby, including the enchanting avenues along Elizabeth and Castlereagh Street.&nbsp;

A mix of two, three and four-bedroom apartments will be on offer, including full-floor apartments with terraces. Residents will have access to a full floor of amenity.

Central Element Managing Director Nathan Chivas said the goal is to transform the site, which is currently the 16-level Hyde Park Inn Hotel, into a pivotal cornerstone of Sydney's future.

<img alt="Central Element" data-entity-type="file" data-entity-uuid="222e4564-f72e-4e68-84e4-8201780a4411" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-20%20at%209.13.58%20pm.png?VersionId=mlhOxDdFPycWlRQ0Bg35.A0SF2cUg84q" />

“With the utmost respect for the building's rich heritage and its enviable location in the heart of Hyde Park, this extraordinary undertaking will honour its legacy," Chivas said.

"Boasting unparalleled views of the park and the harbour, it will&nbsp;redefine CBD living for generations to come. Elizabeth Street stands as an emblem of Sydney's esteemed cultural and lifestyle hubs, and we are thrilled to have received the approved DA – a testament to the remarkable architects Glenn Murcutt and Angelo Candalepas.

"Together, our goal is to transform this site into a pivotal cornerstone of Sydney's future, and we are eager to share more about its captivating aesthetics and ambience in due course.”

The project is the second&nbsp;joint venture collaboration between Central Element and MaxCap Group, having jointly launched the Ethos development in Chatswood in 2022.

271 Elizabeth Street is set to launch to market early 2024.

The transformation of the Hyde Park site will include the development of 42 apartments, many of which will offer panoramic views of the park and over the Royal Botanic Gardens to Sydney Harbour.

Central Element get sign off for mixed-use Hyde Park tower in Sydney CBD

Property developer TWT Global is set to become one of St Leonard’s largest landowners having spent $35 million on a development site as part of its $1 billion mixed-use development, The Collective.

They've spent $35 million on a 1080 sqm site at&nbsp;50-56 Atchison Street. The Collective will span&nbsp;nearly 9,500 sqm and multiple suburban blocks and have three towers. The newly purchased site will become a part of the larger development.

<img alt="St Leonards" data-entity-type="file" data-entity-uuid="18a77ded-d973-40f5-8fb4-5411a1e5226c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-18%20at%202.57.26%20pm.png?VersionId=lmb629kIO3AJo7m33ms.kqtF69btRn3V" />

TWT Global, who have developed NewLife <a href="/developments/sydney-nsw-2000">Darling Harbour</a> and NewLife <a href="/developments/bondi-junction-nsw-2022">Bondi Junction</a>, are committed to fostering <a href="/developments/st-leonards-nsw-2065">cultural vibrancy in St Leonards</a> through its Creative Precinct initiative.

Launched in 2014, the Creative Precinct involves the conversion of several commercial buildings into creative spaces, including artist studios, galleries, rehearsal spaces, recording studios, arts business offices, and creative retail. This initiative has already supported over 800 artists and creative businesses, providing the local creative community with over 4,000 square metres of subsidised space.

<a href="/developments/st-leonards-nsw-2065">St Leonards has been a hive of activity for apartment developers</a> in recent years. New Hope Group recently launched The Landmark Quarter, having already developed The Landmark in the suburb, while Hyecorp are currently building The Audrey on Canberra Avenue.

The Collective will span nearly 9,500 sqm and multiple suburban blocks

Exclusive: TWT Global secure St Leonards site to expand $1 billion masterplan The Collective

Developer Molonglo Group has filed plans for a new neighbourhood in Canberra's Fyshwick.

Molonglo, who have previously developed Melbourne's mixed-use building&nbsp;Walk Up Village and developments in Athens, Greece, have filed plans for&nbsp;11 low-rise apartment buildings across four hectares of industrial land&nbsp;between Dairy Road &amp; Monaro Highway.

Much of the residential neighbourhood site is part of the previously undeveloped portion of Dairy Road. It contains a large area of uncontrolled fill material excavated from Capital Hill, which was brought onto the site by the Commonwealth during the construction of Parliament House in the 1980s.

The development, which will be across five stages, has been designed by the London-based architectural studio&nbsp;David Chipperfield Architects.

<img alt="Fyshwick" data-entity-type="file" data-entity-uuid="59b3136d-ca40-40e3-b567-f9409140c860" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-18%20at%2010.30.46%20am.png?VersionId=.aaTSJkzE_RTC5jLYnLK1E3GWq2wjplZ" />

The portion of the Dairy Road estate is identified under the Fyshwick Precinct Code as the dedicated portion of the estate where residential use is permitted.

A Pre-DA Public Consultation Report prepared earlier this year by Mongol suggested the residential neighbourhood will deliver intimate clusters of medium density housing that value outdoor and indoor life, and the built and unbuilt equally. It said the buildings will address the sites position near the Jerrabomberra Wetlands.

"Water will be an integral element of the neighbourhood and all buildings will be conceived as structures that give way to and support plant life," the report read.

<img alt="Dairy Road" data-entity-type="file" data-entity-uuid="33f56fb0-14a5-49a7-bf50-5def9d19c812" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-18%20at%2010.28.20%20am.png?VersionId=Xdgp5O33YJXsxkCYR_YNY.ybqbcsI.TM" />

It said the mix of apartments and terraced houses are designed&nbsp;for flexibility, allowing adaptation by the residents according to their needs and lifestyles.

There will be just under 400 apartments, a mix of 228 one-bedrooms, 67 one-bedroom plus study units, 53 two-beds, and 40 three-bedroom apartments.

As well as the apartments, on offer will be 10 four-bedroom and 10 five-bedroom townhouses.

10 per cent of the project will be dedicated to affordable housing, while car parking for 489 vehicles and 535 bicycles will be created, as well as&nbsp;new public and private open spaces including gardens, parks, and community facilities.&nbsp;Jane Irwin Landscape Architects is handling the landscaping.

"Architecture forms a framework for ecology whereby the spaces between buildings become equally as important as surrounding buildings," the report added.

"Buildings are arranged in pairs around generous courtyard gardens, with a central landscape space along the site’s east-west axis that changes from open grassland where it meets the wetland to woodland towards the east. Woven into this gradient of landscapes will be areas for gathering, reflection and play. A swale collects, filters and directs rainwater towards an ecological pool that will slowly release water into the wetland."

Monogolo's aim is for the project is to create a neighbourhood "where light industry, working, living, recreation and entertainment will co-exist in a natural setting."

&nbsp;

The development, which will be across five stages, has been designed by the London-based architectural studio David Chipperfield Architects

Molonglo Group plan Dairy Road neighbourhood in Canberra's Fyshwick

A striking bureau^proberts-designed development in <a href="/developments/paddington-qld-4064">Brisbane's Paddington</a> is set to test the height limits in the affluent suburb near Suncorp.

The small-scale development at&nbsp;298 Given Terrace is seeking to push the neighbourhood plan limit by one level, having made amends to the designs following a prelodgement council meeting back in late 2021.

The meeting minutes from a meeting held in late December stated the four-level, 12.5-metre proposal exceeds the&nbsp;acceptable outcome for building height in the neighbourhood plan, which is two levels and 9.5 metres.&nbsp;

The argument however is that the current building on the site, a small block of flats which has been owned by local Dr Peter Steadman since 2005, is four levels. Bureau^proberts have designed the building to present as a two-level building when viewed from Given Terrace.&nbsp;

"The design responds sympathetically to the streetscape by creating a transition in height from taller nearby apartment buildings to the cottage style residential pocket of Paddington," bureau^proberts noted in their Urban Context Report.

"The development's height and scale has been carefully considered to maintain the hillside character, whilst generous amounts of landscaping have been incorporated on all edges of the site to soften the built form and contribute to the streetscape and suburban backyard."

The project has been dubbed Ti-Tree, which was the name for the&nbsp;thriving community of Paddington in the 1850’s, where it was then known by the early settlers as the "Ti- Tree Flats" where residents farmed and cut timber.

<img alt="Ti-Tree Paddington" data-entity-type="file" data-entity-uuid="046d0ab8-6406-40fa-9e0b-d2e92f038087" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-18%20at%209.30.06%20am.png?VersionId=yfYJruzG1TwcTY3186_RjNO.hws6R7T0" />

There are five apartments planned across the three-level building, four half-floor apartments and a whole floor penthouse across the third level.

"298 Given Terrace presents a collection of five boutique flats that continue the narrative of nurturing landscape in a residential enclave within the area," bureau^proberts wrote.

"Elevated on the hillside, the proposal utilises high quality design, landscape and generous amenities to create a contextual response that positively contributes to the streetscape and wider neighbourhood framework."

They said the&nbsp;architecture of Ti-Tree builds on the suburban character intrinsic to <a href="/developments/paddington-qld-4064">Paddington’s unique identity</a>.

<img alt="Ti-Tree" data-entity-type="file" data-entity-uuid="9a5624a1-47ad-42c8-b919-1b9b60b71aad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-18%20at%209.39.40%20am.png?VersionId=k8cP2KUTmfHgyleFWXYr4ZPQRXj4YZqJ" />

"Traditional design elements such as, hipped roof forms, screened verandas, feature external entry stairs and landscaped courtyards are re-conceptualised to harmonise heritage with modern day living requirements.

"A singular built form is raised and folded around a landscape base transcending down the hillside to mimic the steep topography and create a cohesive relationship between the building and its natural environment."

Each of the ground floor apartments have three bedrooms, a media room, a study, a kitchen with butler's pantry, and a rear balcony. They each have over 250 sqm of internal space, and a plunge pool.

The two apartments above have a similar floorplan, with front and rear balconies, while the full floor penthouse, spanning 434 sqm of internal space and a further 238 sqm of outdoor terraces, has four bedrooms, a media room, study, a gallery in the open plan kitchen living and dining space, and a cellar. A pool and a lawn feature in the outdoor area.

<img alt="Ti-Tree Paddington" data-entity-type="file" data-entity-uuid="9684b9a6-aee3-476e-a7ae-4e7ae49cb912" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-18%20at%209.29.41%20am.png?VersionId=eI5SKy9POHdxjGYvxmW6gJtUNYKwT4jh" />

"Each residence has been designed with an open plan focus," bureau^proberts added.

"Living and bedroom areas open to maximise views and connect to the outdoors. Dual layered facades employ full height glazing and screening to capture natural light and prevailing breezes whilst prioritising privacy and solar protection."

First look: Brisbane's Paddington set for rare off the plan apartment development

Luxury developer&nbsp;Terra Ferma and joint venture partner Knox Group have teamed up on an apartment project in <a href="/developments/potts-point-nsw-2011">Potts Point</a>.

They're seeking to convert a 20-studio apartment building on Oak Lane, the <a href="/developments/woolloomooloo-nsw-2011">Woolloomooloo-side of Potts Point</a>, into a five-level building with just five apartments.

The team spent nearly a year amalgamating 20 owners across two rundown buildings.

The boutique nature of the offering, something which Potts Point and the nearby Elizabeth Bay isn't known for, particularly in the new and off the plan apartment space, means apartments are expected to sell for record prices.

<img alt="Potts Point" data-entity-type="file" data-entity-uuid="257fc57a-8bad-4add-bd85-2b9d8f0cc2b4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-17%20at%2011.20.15%20am.png?VersionId=oNONryKufnX2crTgVz_mdNk17R3I6tOi" />

The premier site has 22-metres of Sydney Harbour frontage and will offer&nbsp;unparalleled 200-degree views of the <a href="/developments/sydney-nsw">Sydney Harbour</a>,&nbsp;from the city skyline to <a href="/developments/cremorne-nsw-2090">Cremorne Point</a>, the iconic Harbour Bridge and Opera House.

“We’re excited to have unlocked one of the finest boutique development sites in Sydney, with a 22-metre harbour-facing frontage, the most expansive frontage of any boutique site on Sydney Harbour,” Knox Group Co-Director Daniel Moroko said.

Terra Ferma Managing Director Diaa Shaker said they are&nbsp;thrilled to add the project to their portfolio of exclusive boutique residences

"With our focus on creating unparalleled living spaces and capturing the essence of Sydney Harbour, each of the five apartments is set to break the Potts Point square meter record."

To bring the project to life, the teams have chosen the renowned TZG Architects, fresh off their recent win in the 2023 Heritage Awards Judge’s Choice for their works on the iconic Bondi Pavilion.

Terra Ferma have worked on a number of boutique developments in the Sutherland Shire, while Knox Group, who have done the same, have recently transformed the Motel Molly in Mollymook.

The team spent nearly a year amalgamating 20 owners across two rundown buildings

Terra Ferma and Knox Group team up for Potts Point apartment project

<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

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Joel Robinson

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News