It seems like only a few years ago Chevron Island wasn't on the map for apartment developers.

The charming village just a bridge away from Surfers Paradise was home to an ageing population, and ageing buildings. Most of the apartment buildings were four or five decades old.

Fast forward to 2023, and it's one of the most popular spots for both buyers and developers in the centra Gold Coast area.

The Sydney-based Macquarie York were one of the first developers to descend on the island under its new transformation. They're also currently developing Nina.

Siera Group are currently preparing construction at Tapestry at 39 Darrambal Street, while Aniko are over 60 per cent sold at Orama, their first development on the island.

There's also the huge Bensons tower, Chevron One, which is the tallest tower on the island at 41 levels. That will home some of the most expensive apartments not only on Chevron Island, but across the whole of the Gold Coast.

[smartcode_project:default project_id=6515 project_image_fid=68834]

A rare opportunity to secure a prime 2,529 sqm site at 6 Stanhill Drive, on the sought-after eastern side of the island near the bridge to Surfers Paradise and the Thomas Drivee strip of cafes, restaurants and retail.

GV Property Group's Antonio Mercuri and Luke Reaby have listed the site, with concept plans drawn up by Plus Architecture's Danny Juric for a 17-level tower with 167 apartments and rooftop recreation. There would be a mix of 92 two-bedroom apartments and 73 three-bedders.

The development, which is located in a zone with an unlimited height limit, will benefit from protected view corridors over the surrounding Nerang River and to Surfers Paradise, given the strict nine-level height limit near the water.

<img alt="Chevron Island" data-entity-type="file" data-entity-uuid="8111e2fb-2452-410b-b9f5-32594b4b0a5d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-06-02%20at%209.07.47%20am.png?VersionId=oehSxOfqO0ayt54R2dgohQj1pWQHWcFy" />

MOTIV Director Carly Cottam, who has offered revenue advice for the project, suggests Chevron Island is an attractive proposition for buyers.

"Chevron Island offers residents the best of both worlds, a short, walk to Surfers Paradise, our golden beaches and an array of cafes, restaurants, shopping and retail.&nbsp; There’s also an exciting amount of gentrification in the works through Surfers Paradise and Chevron Island.”

"As we know, supply of new apartments is drastically falling, however demand remains incredibly solid and due to this, we expect apartment prices to continue to increase if supply becomes more critical," Cottam says.

“We’re still seeing a significant proportion of demand from interstate buyers, mostly from NSW and VIC, however the first to act are our Gold Coast and Brisbane buyers as they are fully aware of the limited opportunities at present.”

“Demand for luxurious apartments that offer the luxury-intent investor and owner-occupier a low-maintenance, beachside lifestyle continues to dominate. Chevron Island offers residents the best of both worlds, a short, walk to Surfers Paradise, our golden beaches and an array of cafes, restaurants, shopping and retail. There’s also an exciting amount of gentrification in the works through Surfers Paradise and Chevron Island.”

GV Property Group's Luke Reaby says, while demand from developers has scaled back from its COVID peak, there's still plenty of interest up and down the Gold Coast, particularly from Sydney and Melbourne developers who aren't getting much luck with councils in their own states.

"We're also seeing some of the big name developers come out and buy, which is a strong sign of confidence in the future of the residential sector.

"As the competition is not as fierce as it was, we are seeing both vendors and developers look at more structured deals, with longer settlement terms the most common."

A rare opportunity to secure a prime 2,529 sqm site at 6 Stanhill Drive, on the sought-after eastern side of the island near the bridge to Surfers Paradise and the Thomas Drivee strip of cafes, restaurants and retail

Joel Robinson

Opportunity knocks for Gold Coast developers with prime Chevron Island site listing

So much has been said about the Gold Coast apartment market ever since the start of the pandemic.

There was a COVID-induced spike as demand skyrocketed, part-driven by southern stage dwellers speeding up their retirement plans, and part professionals who realised they could still do their job and work from anywhere in the country.

The well-coined phrase, "what goes up, must come down", was banded around the Gold Coast market in particular.

While that has to happen to an extent, the Gold Coast unit market has held up as well as any other market in the country.

The June Home Value Index by property data analytics firm CoreLogic showed just a -3.1 per cent decline in unit values in the 12 months to June, helped by a 1.5 per cent rise in unit values across May.

It was another month where unit value growth outstripped houses. Houses grew by 0.9 per cent, and are -8.7 per cent down from this time last year.

The median unit value on the Gold Coast is now $664,000, compared to $987,000 for houses.

<h2>What's happening in the Gold Coast off the plan market?</h2>

Feedback from agents has been strong, given the tight supply and continue demand

Enquiry isn't necessarily growing, but quality of enquiry has improved dramatically over the last few months

Siera Group Founder and Managing Director Brent Thompson says the Gold Coast is continuing to show its market strength and appeal to the owner-occupier/ lifestyle purchasers, with the demand for high-quality, newly built residential dwellings being at the forefront of demand.

Siera is currently developing Tapestry, where&nbsp;almost 70 per cent of their current purchasers are owner-occupier couples with the intent of downsizing their family homes in preparation for their early retirement planning.

[smartcode_project:default project_id=108641 project_image_fid=193359]

"Since the Easter holidays, we have experienced a large number of enquiries and sales from this demographic both local and outer state, with an influx of these leads continuing to come in with pre-construction preparation now underway on the site," Thompson says.

There's also another type of buyer that Thompson has seen recently.

[smartcode_project:default project_id=108641 project_image_fid=192961]

"Quite commonly, we are also seeing a large majority of our investors state their intention of re-purposing the property as their future home in the next five to 10 years.

"A recent example of this was seen with our client and Nine News Weather Presenter, Garry Youngberry, who will initially purpose the property as an investment, before occupying it himself and living out his long-term plan of settling down on the Gold Coast and enjoying all that the South-East Queensland climate has to offer. "

Despite a slowdown in interstate buying activity from when COVID first started to lock down states in early 2020,&nbsp;S&amp;S Projects Managing Director Paul Gedoun says he's still receiving significant enquiry from interstate buyers who are flocking to the Southern Gold Coast,&nbsp;enticed by its idyllic beachside lifestyle and abundant amenities.

"The allure of the Southern Gold Coast's pristine beaches, vibrant atmosphere, and recreational opportunities has captivated the attention of buyers," Gedoun says.

"This end of the coast has been able to maintain the true beach and surf culture that the Gold Coast was famous for and is drawing people from far and wide.

"We certainly witnessed that when we brought Flow, Awaken and Esprit to the market and have had the confidence to continue to acquire sites here.”

[smartcode_project:default project_id=102921 project_image_fid=172129]

Steer Developments Founder and Managing Director Rob Steer says there's still a level of cautious optimism in buyers.

“Off the plan buyers want confidence," Steer, who is developing the high-end Palm Beach development, Cote, said.

"They are not going to commit to a 10 per cent deposit if they do not know the project is coming out of the ground.

[smartcode_project:default project_id=112548 project_image_fid=205277]

"This is reflective of finished stock on the market. Good quality stock is still selling.

"Having a stable builder with a reputation that things are going to happen help the buyers confidence.&nbsp;There is a lot of money out there, but people are uncertain and hence being conservative."

City Beat June 2023: Gold Coast apartments defy downturn, rebound sharply

Around a decade ago there were some early signs the buoyant overseas property investor market was starting to cool.

That prompted Tim Campbell, former Lendlease development director, and Stuart Kacir, a former Lendlease development manager, to team up and create their own development firm, with the sole focus to create beautiful and functional apartments for the local owner-occupier.

Since founding the company in 2016, Carpe have delivered over $100m of completed residences across multiple high-quality, architecturally significant and boutique developments in some of Melbourne's best suburbs. Testament to their founding vision they have only sold one residence to an investor

"We wanted to pivot away from the high density towers Lendlease is known for and create something which catered for a completely different market," Campbell and Kacir told me in a recent interview with Urban.

"We started specifically targeting local downsizers with higher end apartments, a type of product that wasn't familiar with the more traditional, blue-chip suburbs across Melbourne."

Their first project was back in 2017, when they built nine townhomes in Brighton East.

Now, without admitting it, they have a bit of a following. That's been showcased in their most recent apartment development, The Walton in Kew, which is competing with a number of similar off the plan projects in the area targeting downsizers.

They've only been on the market for a few months and they've already sold over 50 per cent off the plan.

[smartcode_project:default project_id=135736 project_image_fid=208613]

Construction is set to kick off on the Walpole Street site in June, after the team achieved construction funding from Australian Unity.

While over the years they've have seen personalisation of apartments, Campbell and Kacir said they've never seen so much customisation than they have in The Walton.

"It's not a case that buyers want to change the product," Campbell says, adding that they just want some features in particular upgraded.

"Some buyers have opted to remove a bedroom and turn a three-bedroom apartment into a two-bedroom to provide a second living space, but most asking for bespoke joinery, fireplaces, custom appliances, underfloor heating and even spa to the top floor terrace.”

“Given the market we are in, our main demographic tends to be couples who are downsizing from their family home of two or three decades, and there's some things they have always had, and want to continue to have.”

[smartcode_project:default project_id=135736 project_image_fid=208617]

Electric car charging infrastructure in basements has been a popular addition for buyers in The Walton.

"They openly admit that they have no intention of owning an electric car, nor do they think they'll ever own one in their lifetime," Campbell says.

"They're just future proofing the apartment for generations to come, while also charging motorized golf carts."

Campbell and Kacir said Melbourne councils are now finally starting to require the inclusion of electric car charging as standard in new apartment developments. Coming with it will come a change in design mandate in basement garaging. Fire safety protocols will mean developers will likely have to create two points of entry and exit to a basement garage, given the heightened risk of fire associated with batteries.

[smartcode_project:default project_id=135736 project_image_fid=208615]

Carpe are a very much design-focused developer, which is evident across the portfolio of under construction and completed projects.

"A lot of the job of developing is compliance and number crunching," Kacir says.

"When it comes to the architecture, that's something you can really get excited about, and ultimately it's how we see the finished product, so we like to make sure the architecture is something we can look back at and be proud of."

The team that created The Walton, Warren &amp; Mahoney and John Patrick Landscape Architects, created Carpe's under construction Eaglemont project, Eaglemont Residences, which only has two apartments remaining.

[smartcode_project:default project_id=109113 project_image_fid=191204]

A bonus of the market Carpe develop in was that the nature of the business meant they navigated COVID relatively unscathed. Of course build costs have gone up, but ultimately their target market, downsizers, saw the price of their homes skyrocket, some areas jumping over 40 per cent in around 18 months.

Sales continued through the lockdown period, as did construction, and now Carpe is in a position to take advantage of the lack of demand for development sites.

They have recently secured new development sites in Sandringham, Hampton, and another in Boroondara.&nbsp;

"We look at the long term for our buyers when we're securing a site," Kacir says.

" Our niche is boutique projects in sought-after suburbs. When we find the right site, we know the apartments we build there will be in high demand, because they'll be something rare, something you can't often find anywhere else in the suburb."

The three new projects will bring around 75 apartments and approximately $190 million end value to Carpe's pipeline, with another few sites also currently in the crosshairs

Since founding the company in 2016, Carpe have delivered over $100m of completed residences across multiple high-quality, architecturally significant and boutique developments in some of Melbourne's best suburbs

How a property market shift triggered the founding of Carpe Group

The May interest rate rise has done nothing to dampen the Sydney property market across May, recent data has shown.

The latest Home Value Index from property data analytics firm CoreLogic shows dwellings in Sydney, both houses and units, rose by 1.8 per cent.

Houses jumped 2.1 per cent, largely due to the lack of supply, while units saw a second consecutive month of over one per cent gains.

Units, which in corporates apartments and townhouses, rose by 1.1 per cent across May, following 1.2 per cent gains in April.

The rolling quarterly figures have Sydney units up 3.3 per cent, now approaching a median of $800,000.

Sydney's 1.1 per cent jump was the joint second best performing unit across the capitals, level with Brisbane but some way behind Perth's 1.7 per cent spike.

Read more:&nbsp;<a href="/news/nsw/city-beat-may-2023-sydney-sees-strong-off-the-plan-sales-activity">City Beat May 2023: Sydney sees strong off the plan sales activity</a>

<h2>What's happening in the Sydney off the plan market?</h2>

Developers are seeing success at both affordable, what many would deem unaffordable, ends of the market.

Deicorp, who deliver around 1,000 apartments a year to the Sydney supply chain, have seen strong sales in their Western Sydney projects.

They've been securing sales at a rate of more than one every two days at their Tallawong Village project in Rouse Hill, which is being marketed by CBRE with prices starting from $540,000.

[smartcode_project:default project_id=106821 project_image_fid=169999]

Deicorp's Executive Director Robert Furolo says the first 5 months of 2023 has seen a significant increase in inquiries from purchasers and a corresponding increase in sales.

"Our Tallawong Village project continues to receive strong buyer interest, with more than 60 sales in the past 90 days."

Furolo said however there is growing demand in the $1 million and above bracket. Nearly&nbsp;20 per cent of all sales across their projects have been above $1 million.

National developer Goldfields believes they're hitting the affordability sweet spot at their first Sydney project, The Bryson of Chatswood.

Goldfields CEO Lachlan Thompson said they've seen a&nbsp;a lack of affordable investment properties in the market due to high demand for available stock.

"In terms of price point, the Sydney sweet spot is around $1.5 million to $1.8 million for two-bed, two-bath apartments," Thompson says.

"Many of The Bryson’s apartments come in well under that, positioning us well in the Greater Sydney market.”

[smartcode_project:default project_id=21170 project_image_fid=210274]

Thompson says strong demand,&nbsp;coupled with limited new builds in Chatswood over the past five years, have been the key drivers behind the strong enquiry.

The rebound in established house prices is causing more affordability issues, Thompson says, which is bringing local families in looking at the three-bedroom apartments.

On the other end of the affordability spectrum, stock is flying off the shelves.

Aqualand continue to report huge success at their $1 billion North Sydney tower, AURA by Aqualand.&nbsp;

Alex Adams, Aqualand Head of Sales and Marketing, says they've seen&nbsp;a significant upward trend in buyer demand for well-located, high-quality apartments over the past six months.

"That continues unabated," Adams says.

"We’ve experienced month-on-month growth since November 2022 with a spike in sales every month this year. The project has clocked over $100 million in sales over the last three months alone."

[smartcode_project:default project_id=30959 project_image_fid=202991]

Adams says sales have been&nbsp;across all apartment types at AURA, and are buoyed by major public domain improvements, transport development and the robust growth potential of North Sydney more broadly.

"We believe these strong sales are a positive sign for the broader luxury apartment market in Sydney.”

It's a similar story in Woollahra, one of Sydney's most sought-after suburbs.

National developer Fortis exchanged $116 million worth of residences&nbsp;at the Woollahra Collection over the launch weekend, with prices ranging between $2.6 million and $16.5 million.

<img alt="The Woollahra Collection" data-entity-type="file" data-entity-uuid="8f1f4a6a-6209-4428-9753-7b875d238fe9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-06-01%20at%209.40.54%20am.png?VersionId=1oKg6R8Qpwf9ykkbOz5q89IXqTMjtv9i" />

Fortis Associate Director Jonh Yacoub says buyers in the top end of the market are seeing the value in projects that offer premium quality and amenities in sought-after locations, which has helped propel the flight to quality.

"While we were extremely happy with the high level of interest and buyer activity with Woollahra Collection, we also had a lot of confidence in the product we were bringing to market and the overall success of the project," Yacoub says.

"Woollahra is one of the most tightly-held suburbs in Sydney and we spent months in planning to ensure we made the most of this once in a lifetime opportunity.

"We collaborated with a team of some of the best architects and designers in Australia to develop the best possible design outcome and offerings in this project.

"Woollahra Collection has been extremely well received by purchasers and the wider community, clearly demonstrating market demand for premium residences.“

A recent report by Knight Frank found Sydney ranked ninth out of 12 key markets tracked globally for the number of super-prime sales of over US$10 million over the last 12 months.

Over Q1 2023 Sydney had 10 super-prime settled sales of greater than US$10 million, ahead of Paris and Orange Country, both of which recorded three sales.

Over the 12 months to the end of March, Sydney recorded 76 super-prime sales, putting it in ninth place, ahead of Geneva (63), Orange County (54) and Paris (26).

The total value of Sydney super-prime sales over the 12-month period was US$1.233 million, with an average sale price of US$16.2 million.

The rolling quarterly figures have Sydney units up 3.3 per cent, now approaching a median of $800,000 again

City Beat June 2023: Sydney secures off the plan sales success at affordable and luxury ends of the market

Having acquired a prime Kangaroo Point riverfront site earlier this year, Sydney and Melbourne developer Fortis has submitted plans for a luxury 14-level tower with full-floor apartments.

Plus Architecture have designed the new tower, dubbed O'connell, on a prime 1,196 sqm riverfront site at 44 O'Connell Street which was bought from architect-turned developer Joe Adsett.

[smartcode_project:default project_id=109322 project_image_fid=233859]

The new plans will feature 14 full floor apartments, spanning 260 sqm of internal space and a 40 sqm, river-facing balcony which will capture east-to-west views&nbsp; from Bulimba to the Story Bridge and Brisbane City.&nbsp;

<img alt="O'Connell" data-entity-type="file" data-entity-uuid="88e04a1b-4fba-4f88-9d08-e34cc9557ad7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-31%20at%205.18.38%20pm.png?VersionId=cAgCbZj3g2sYrg32QcjOSX8PGniT0uIG" />

The only exception is the penthouse, which has the same floorplan internally as the other apartments, but it has a private rooftop terrace with a swimming pool.

Each apartment will have three bedrooms and a multi-purpose space.

The resident amenity is on the ground floor, which will include a gym with a sauna, a riverfront pool, and a grassed lawn, all oriented toward the river where there will be a pontoon with private mooring.

Plus Architecture broke the design concept down into four sections; the cliff top, the cliff, the riverbank, and the river.

<img alt="Fortis Kangaroo Point" data-entity-type="file" data-entity-uuid="51510852-aec5-4b41-83a9-4730d01c5d7b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Kangaroo%20Point.jpg?VersionId=N7Zt3iLpeRnJGh.Hj3b9EZtDeDpZzGPj" />

They said their design prioritises capturing breathtaking views through thoughtful building orientation.

Given the site setback from the street and the street frontage being blocked by the development to the west, we have focused on treating the river as the main public frontage," Plus Architecture's Director Danny Juric said.

"The design incorporates panoramic views of the scenic New Farm area and the serene Brisbane River, fostering a strong connection to nature.

"The living area and master bedroom will be gain glimpses of the the iconic Story Bridge over the river. Views of the vibrant cityscape to the west create a dynamic and engaging backdrop."

Brisbane's subtropical climate was also taken into consideration during the design process, as Plus sought to target solar heat control and cross ventilation.

"The building itself is orientated in response to Brisbane’s climatic conditions," Juric said.

"As the apartments are full-floor, each unit is designed to embrace the elements and reduce reliance on artificial energy sources.

"The simple architectural form comprises of horizontal eaves to provide shading on the north, east and western facades, precast panels are introduced strategically to block unwanted sun, and vertical fins are proposed to provide shading and screening to apartment living areas."

<img alt="Fortis Kangaroo Point" data-entity-type="file" data-entity-uuid="e6105f61-8469-41a2-aef0-4fe335276c2b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-31%20at%201.38.05%20pm.png?VersionId=uXLQ2ztoWsrUsK0mohJVOOmYcOxivB1b" />

On securing both the Kangaroo Point site and a commercial site in Newstead, Fortis Director Charles Mellick said launching in Brisbane was natural progression for the company after their success in premium projects in Sydney and Melbourne. 
​ 
“Our project in&nbsp;Kangaroo&nbsp;Point is a rare offering, this being an absolute riverfront site with no public parklands or roads in front of it.

"The timing is right as we see record-breaking activity in the off the plan luxury market in Brisbane, alongside record prices being achieved in square metre rates.

The planning report by Ethos Urban said&nbsp;44 O’Connell Street offers sophisticated living close to the CBD.

"The tower’s strength in form and earthy tones replicate the terrestrial makeup of its context at Kangaroo Point; and emphasize the historical significance of the area."

[smartcode_project_cta:default project_id=109322]

Plus Architecture have designed the new tower on the 1,196 sqm site at 44 O'Connell Street, which was bought from architect-turned developer Joe Adsett

Exclusive first look: Fortis propose full floor apartments at first Brisbane apartment development

Sydney property developer Coronation Property has unveiled plans for the first stages of its $1.5 billion inner-city urban transformation project that will convert a 50,000 sqm industrial site in Erskineville into a new lifestyle destination for Sydney.

Coronation acquired the site at 57 Ashmore Street, at the crossroads of 165-175 Mitchell Street,&nbsp;for $315 million in June 2022 from developer Greenland Golden Horse.

They'll be bringing a much needed&nbsp;1,000 new homes to the Sydney market, a mix of terraces, apartments, and build-to-rent dwellings, all designed to cater to the needs of the discerning urban dwellers living in and around Erskineville.

Joe Nahas, Managing Director at Coronation Property, said the team are&nbsp;proud to be joining the neighbourhood with this significant redevelopment of the largest remaining unencumbered parcel of land in the City of Sydney.

"Our $1.5 billion development will be an incredible addition to Erskineville’s urban landscape – acknowledging the character of the suburb while delivering a new standard of living to the area," Nahas said.

“The site is just over 4km from Sydney’s CBD and situated close to major education, health, and transport hubs yet has been sitting inactive for several years.

"Our grand vision will reinvigorate the site with our ongoing commitment to deliver world-class design, and innovative placemaking to inner-Sydney."

<img alt="Coronation Erskineville" data-entity-type="file" data-entity-uuid="683e8181-6a7f-41df-8731-663d70535ca5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-30%20at%209.15.33%20am.png?VersionId=AQrDUqvGs.MHy86HAhyjwsN6FtrAsDuc" />

Part of the project will be a new&nbsp;7,500 sqm public park, the future McPherson Park, will sit in the centre of the masterplan– with green space, unique public art installations, and tree canopies providing residents and the surrounding community open space in which to connect, relax, or exercise.

&nbsp;

Access to the site will be enhanced with a new 20-metre-wide, pedestrian-friendly boulevard weaving through its heart – wider than Pitt Street Mall, the shared pathway will provide convenient foot and cycling access to 5,000sqm of specially curated retail, and an activated park-facing dining precinct.

Earlier this year, Coronation undertook a City of Sydney Design Excellence competition for Residential Building E, with Surry Hills-based architects, Silvester Fuller, delivering the winning scheme.

The Selection Panel’s decision was unanimous.

“The proposed scale and form are highly responsive to the surrounding existing and future development, and presents a strong relationship between the park, the street and the through-site link," the Panel said.

“The internal street connects well with the through-site link, enhancing the pedestrian experience. The entries to the building were highly legible and have a powerful address to the public domain areas, particularly the northern and southern street frontages,” continued the judges."

Penny Fuller, Silvester Fuller Director, said the park edge location has informed a close relationship between building and landscape.

“Our scheme balances the playful and the pragmatic, the whimsical and the wise, wrapped in an overall concept focused on creating uplifting spaces to be in and around – a building to make you smile," Fuller said.

<img alt="Coronation Erskineville" data-entity-type="file" data-entity-uuid="a861e4a3-0a56-460b-ac29-6badffa69a9e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-30%20at%209.33.49%20am.png?VersionId=I1_zT6xx29cCjT6pd9jzLJqp4gRWWb5O" />

The City of Sydney Council granted development approval in March 2023 for six luxury, three-storey townhouses for Residential Building D for the winning scheme by emerging practice, and Redfern locals, Andrew Burns Architecture.

Principal Andrew Burns revealed that the practice was founded on designing terrace homes in and around Erskineville.

“In a way, the project with Coronation Property is a return to our roots. We have endeavoured to introduce the crafted quality of bespoke architectural houses into the design of the terraces.”

“Our vision was inspired by the neighbouring Victorian-era terraces found in Erskineville and across inner-city Sydney. We drew on the idea of the ‘grand terrace’ that traditionally comprises&nbsp; a group or row of adjacent terraces forming a larger structure while retaining an individual identity for each dwelling,” continued Mr Burns.

Coronation’s plan for vital infrastructure upgrades across the site are well underway to yield long- term benefits for residents, visitors, and the surrounding community.

David Cremona, Coronation’s Group General Manager, said the primary focus is to make a positive contribution to the community.

"To achieve this, we are working closely with the City of Sydney Council and expert consultants to upgrade critical infrastructure.”

“Importantly, our delivery team has devised precise strategies to ensure that these infrastructure upgrades, and the construction of new structures is carried out smoothly and efficiently with the least possible inconvenience to our site neighbours."

Construction is expected to commence in the third quarter of 2023. The 150, Silvester Fuller-designed apartments are scheduled to launch in late 2023 with one-bedrooms starting at $800,000.

&nbsp;

Coronation acquired the site at 57 Ashmore Street, at the crossroads of 165-175 Mitchell Street, for $315 million in June 2022 from developer Greenland Golden Horse

Coronation reveal plans for $1.5 billion Erskineville transformation

Sydney developer JQZ has paid $110 million for the South Quarter site in the heart of Parramatta, the former project mooted by now collapsed developer Dyldam.

They've secured the former Auto Alley at 57-83 Church Street, which has plans in place for a mega development with over 750 apartments and around 40,000 sqm of retail and commercial space.

Five towers were part of the original application, one of which was set to home an international branded hotel. No word from JQZ if they'll be pushing on with the $876 million project exactly as Dyldam had intended. The plans had towers ranging from 10 levels to 42 levels.

They'll no doubt stick to Dyldam's application to weave community parks throughout the huge 1.4 hectare block which is just&nbsp;450 metres from the Parramatta Rail and Bus Interchange and 260 metres from Westfield Parramatta.

<img alt="JQZ Parramatta" data-entity-type="file" data-entity-uuid="408baf84-4e15-4dc6-8304-3aa831f76196" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-30%20at%209.07.22%20am.png?VersionId=dx77LnyautHnGdyynLdX57.IUDJGV2L9" /> 
CBRE, Colliers International, and Moxham Commercial, sold the site to JQZ recently.

They marketed the project as an "outstanding opportunity for an incoming developer to secure a large scale, approved, mixed use development site at the southern gateway into Parramatta CBD."

Allen Jack + Cottier designed the plans for Dyldam, noting in the submission that the concept design reinforces the “gateway” location and provides a distinct sense of arrival from the south to the Parramatta city centre through the scale, form, and architectural design of the development.

They said the residential component of the development, which is over 64 per cent of the total gross floor area, will support the economic viability of the retail uses and the viability of local businesses beyond the subject sites.

JQZ, who recently completed 88 Christie in St Leonards, are soon to launch stage two of Lidcombe's $560 million Vivacity project which will have nearly 600 apartments.

Their website says they've&nbsp;successfully completed 18 residential projects across Sydney.

They've secured the former Auto Alley at 57-83 Church Street, which has plans in place for a mega development with over 750 apartments and around 40,000 sqm of retail and commercial space

JQZ secure South Quarter, Church Street, Parramatta site for next apartment development

Instability in the broader construction sector is adding further pressure to a constrained residential pipeline as Australia faces a mounting rental and housing crisis.

Ray White Chief Economist Nerida Conisbee believes, with the current uncertainty in the construction sector, it’s critical for developers to get projects out of the ground and uphold a healthy level of confidence in the market.

“Developers that maintain end-to-end control of their pipelines or have internal construction capabilities will be well-placed to deliver quality projects to an undersupplied market.

"With record immigration inflows we are looking down the barrel of a rental and housing crisis."

Conisbee cited Sydney developer Aqualand, who have their own internal construction arm, Aqualand Construction, which is currently building the $1 billion North Sydney development, AURA by Aqualand.

“Aqualand’s success in managing its construction pipeline internally serves as a testament to the importance of adaptability in the face of adversity," Conisbee said.

“Aqualand’s approach may well serve as a blueprint for other developers looking to secure their futures and contribute to Australia’s housing supply.”

[smartcode_project:default project_id=30959 project_image_fid=202657]

Aqualand has taken a proactive and innovative approach to its end-to-end model. In 2018 they brought in Thomas Catalovski to head up the Aqualand construction business.

“It was important to Aqualand to manage all aspects of the development process to safeguard the integrity, quality and safety of our projects,"&nbsp;Catalovski said.

"Being able to take responsibility for the development lifecycle from end-to-end has been a massive advantage.

“We’ve been able to respond to market fluctuations with greater agility and flexibility, which has been key to managing escalation and keeping costs stable.&nbsp;

“Being directly involved from day one of the project’s inception, through its design evolution, and ongoing project cost planning and pricing is hugely valuable.

"We’re involved as much as a few years in advance of breaking ground, so we can set the project up for success in its infancy.”&nbsp;

[smartcode_project:default project_id=30959 project_image_fid=202986]

Aqualand Group’s strategic decision to build a skilled in-house construction team puts it in good stead to capitalise on current opportunities in the market, as a number of prime development sites come to market, including the Central Barangaroo project, for which it is the developer and builder.

“With our integrated delivery strategy we’re able to transact and move quickly compared to our development peers who need to get the project to a certain point before they can even go to tender with an external builder that may take six to 12 months," Catalovski added.

A number of wide-ranging construction industry reforms introduced by the NSW government will materially increase regulation in the residential and commercial construction sector.&nbsp;

“Aqualand fully supports the introduction of more regulatory oversight, as well as the work being undertaken by the NSW Building Commissioner to improve standards and customer confidence.

<img alt="AURA by Aqualand" data-entity-type="file" data-entity-uuid="2dfca0e1-c7a6-443b-a94c-e9f242415c16" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-29%20at%209.28.58%20am_0.png?VersionId=Pr0F3KsCPYQoswkA.NE3qn32AXNG.f_T" />Aqualand will top out AURA by Aqualand in June. Image supplied

“We recognise that ensuring certainty for our stakeholders, and especially purchasers, is critical. Managing all aspects of the development process means our construction team can facilitate enhanced collaboration with our subcontractors, and in some instances undertake an early contractor involvement (ECI) process."

Aqualand Construction cut its teeth delivering the award-winning BLUE at Lavender Bay, an adaptive reuse project located at 61 Lavender Street, Milsons Point.

Completed in 2021, the 20-storey project showcases how adaptive reuse can transform an empty and outdated office tower into contemporary luxury apartments, whilst improving the streetscape, retail offering and providing benefits to the local community.

The project was extremely challenging from a construction perspective as it required the demolishment and then rebuild of the building’s core.

Sam Jenkins, Aqualand’s Construction Director, said the relocation of the building’s core and repositioning of the living spaces to take advantage of the views, was an enormous proposition.

“It took our in-house building expertise to realise the opportunity and make development sense of the project,” Jenkins said.

“Another main obstacle in transforming an old commercial structure to a luxurious residential building lies in reimagining the façade, while preserving the original structure. For BLUE, we re-designed the entire façade. The façade grid was modulated to reduce the bulk of the existing tower.

“We added curved glass wintergardens and balconies to signal a new chapter in the building’s history, while unique slim, horizontal steel structures, balustrades and glass screens added light and reduced the bulk of the original commercial façade.

“We didn’t make it easy for our construction team’s first project that’s for sure. However, the result has been extremely well received by our purchasers, some of whom have now also purchased at AURA.

“Our clients are reassured that our in-house construction team will ensure the projects are delivered on time and to the strict quality standards we insist on,” Sam added.

Conisbee cited Sydney developer Aqualand, who have their own internal construction arm, Aqualand Construction, which is currently building the $1 billion North Sydney development, AURA by Aqualand

How Aqualand's construction strategy gives buyers confidence in delivery

Melbourne’s design-focused development group Neometro is advancing designs for its new site opposite Alma Park in St Kilda East.

Neometro are seeking to pay tribute to St Kilda's architectural heritage and cosmopolitan spirit, commissioning&nbsp;Kerstin Thompson Architects (KTA) and award-winning landscape consultants Myles Baldwin Design to create 41 apartments and 21 two and three-level townhouses at 97 Alma Road, a near 5,000 sqm site they bought last year for almost $22 million.

KTA has responded to the brief by celebrating connection with the landscape at all scales, from site planning to shared spaces and interiors.

The block is divided by landscape pockets, providing garden areas, natural light and ventilation to all apartments. An enhanced sense of community is promoted through quality outdoor shared spaces including the east garden spine, linear gardens with native planting, activated laneways between the townhouses and an apartment roof top terrace with communal food production and BBQ area.

The communal courtyard acts as a protected green for the existing trees of significant cultural values and history.

Read more:&nbsp;<a href="/news/vic/neometro-secure-next-apartment-development-site">Neometro secure next apartment development site</a>

<img alt="Neometro Alma Rd" data-entity-type="file" data-entity-uuid="a12d06fd-958a-41fc-aa1d-91f97ac5b6eb" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Neometro%20Alma%20Rd%202.jpg?VersionId=0kilyFMdoufDcOF19ffM6.sGiVN_k4hZ" />The proposed renders for 97 Alma Road: Image credit: Neometro with KTA

Designed with healthy living in mind – 97 Alma Road is the next generation of green building that not only includes environmentally responsible and resource-efficient building concepts, but also integrates human wellbeing, something Neometro have pioneered and evolved for over three decades.

&nbsp;“For more than 30 years we’ve been refining our approach to healthy building, establishing a set of pillars—air, light, comfort, connection, mind and body that consider all three aspects of health and wellbeing equally—mental, social and physical," Neometro Director James Tutton says.

Aligned to Victoria's Climate Change Framework, which has a target of net-zero carbon by 2050, 97 Alma Road will feature a range of energy-efficient features, including solar panels, rainwater harvesting systems, and high-efficiency appliances. All units will have passive solar design with direct access to sunlight for periods of the day, and no south-facing apartments. All apartments have cross-flow ventilation.

The building will also incorporate passive design principles to maximise natural light and ventilation and reduce the need for artificial heating and cooling.

<img alt="Saint Alma Neometro" data-entity-type="file" data-entity-uuid="4efff7c5-7fcb-4229-a95e-79b8cff08c13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-29%20at%2010.43.53%20am.png?VersionId=7sYVYy6zLsIQb6UTl5ZE2WpXeV0wisDe" />

Architect Kerstin Thompson says 97 Alma Road offers a graceful return to treasured memories, forging a connection with a valued part of Melbourne’s urban history while offering a new approach to multiple housing.

"We really considered what it means to arrive home, celebrating the ‘homecoming’ with civic scaled entries to the apartment building and activating differentiated laneways between the townhouses," Thompson says.

KTA’s vision is to provide each apartment with its own distinguishing architectural element: a bay window, an arch, a sunroom, a delightfully odd-shaped window, or a juliette balcony. A feature that forges an attachment to one’s own home because it’s like no other.

An artist will be engaged to create a public art piece, inline with the City of Port Phillip's Public Art Guidelines 2017.

Residents will have access to a 141 sqm rooftop deck which will feature a&nbsp;food production area, and the ground level will have a food and beverage tenancy, suited for a cafe with outdoor seating.

Neometro are seeking to pay tribute to St Kilda's architectural heritage and cosmopolitan spirit, commissioning Kerstin Thompson Architects (KTA) and award-winning landscape consultants Myles Baldwin Design to create 41 apartments and 21 two and three-level townhouses



First look: Neometro advance plans for huge St Kilda East site

Two years ago the Greenmount Beach Hotel, one on of the most sought-after, beach-facing development sites on the Southern Gold Coast, sold to Sunland's Abedian family for $42.3 million.

Now, Urban can reveal what is being planned for the 2,934 sqm site which straddles 3 Hill Street and 55 Eden Avenue.

Sahba Abedian and his brother-in-law&nbsp;Riaz Rezvanipour, who are behind the new development company Arium, have submitted plans for a 15-level tower with 54 apartments designed by Contreras Earl Architecture.

To be notified when the project hits sales, <a href="/new-apartments/55-eden-avenue-coolangatta">enquire here</a>.

<a data-entity-type="file" data-entity-uuid="b5a10f65-a3d7-408d-bdb0-6dbf7fefde82" href="/new-apartments/55-eden-avenue-coolangatta"><img alt="Arium Eden Avenue" data-entity-type="file" data-entity-uuid="b5a10f65-a3d7-408d-bdb0-6dbf7fefde82" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-29%20at%209.05.31%20am.png?VersionId=K96aPhrbmOnRJdrUBJYNQYYSl2pzul8V" /></a>

Of the 54 apartments, 41 will be three-bedroom apartments, a move which Sunland have been known for in previous towers.

Their 272 Hedges Avenue tower in Mermaid Beach had 6 three-bedroom apartments, and their planned tower on Peerless Avenue nearby has 64 three-bedroom apartments.

In the new tower, there will also be 12 two-bedroom apartments, and a single four-bedroom apartment.

The entry from Eden Avenue to the building is past resort-style facilities. A spa with two treatment rooms will sit next to a swimming pool and adjoining plunge pool. There will be a concierge on the ground floor.

The four-bedroom penthouse will have its own rooftop, complete with a private infinity pool,&nbsp;a gym, steam room, sauna, outdoor terrace, and a kitchenette.

<a data-entity-type="file" data-entity-uuid="ed1639f9-d7c5-41db-a2c2-9237b3363891" href="/new-apartments/55-eden-avenue-coolangatta"><img alt="Abedian 55 Eden" data-entity-type="file" data-entity-uuid="ed1639f9-d7c5-41db-a2c2-9237b3363891" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-29%20at%209.05.38%20am.png?VersionId=hgrB3SfIX0Ls6TrrVSNex9uXwIS6txFP" /></a>

In their Design Statement submitted to the Gold Coast City Council, Contreras Earl said the development is positioned in a special location in Coolangatta.

"The location, nestled between the beaches of Greenmount and natural vegetation, provides a unique opportunity to create a residential landmark that coexists with the natural environment. This location conveys a sense of arrival in the Coolangatta neighbourhood.

"This iconic building will create a unique sense of arrival to the prospering suburb of Coolangatta, as well as a beautiful visual addition to the Coolangatta/Greenmount beach corner, as approached from Marine Parade from the east."

<a data-entity-type="file" data-entity-uuid="dd6fa9c5-ec51-45c3-87c1-c0661911480a" href="/new-apartments/55-eden-avenue-coolangatta"><img alt="55 Eden Abedian" data-entity-type="file" data-entity-uuid="dd6fa9c5-ec51-45c3-87c1-c0661911480a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-29%20at%209.02.57%20am.png?VersionId=ET3d5pnekKENf5OGB7c7rd840HD20N7I" /></a>

They said the tower’s design is inspired by the surrounding vegetation and plants.

"The tower expresses its vertical structure to beautifully articulate the massing of the tower achieving an elegant and strong verticality that resemble a blooming flower.

"The façade columns are unique and performative since they are the main structure of the whole tower, helping to achieve large living open spaces and most importantly to achieve the strong tapered definition of the tower which allows to minimise the footprint of the building and allowing to increase the landscape areas of the ground level."

<a data-entity-type="file" data-entity-uuid="21ce1aff-5c59-46d4-8f39-3a985577993c" href="/new-apartments/55-eden-avenue-coolangatta"><img alt="55 Eden Abedian" data-entity-type="file" data-entity-uuid="21ce1aff-5c59-46d4-8f39-3a985577993c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-29%20at%209.05.10%20am.png?VersionId=5kDOHMdS3Jranz6lVlIrhVNczMyd4cJm" /></a>

Contreras Earl said the "challenge conventional architecture" to contribute to the evolution of cities.

"Our design process is motivated by a careful examination of contemporary life and the desire to create structures that coexist with the built and natural environments. The built form of the proposed building is a progression of the conventional box-shaped frame seen in many traditional developments.

"The final design is informed by varying factors that purposefully guide the design outcome. The resultant building expresses the vertical structure of the tower as an elegant mean of articulation."

The Abedian family shut up shop of Sunland Group last year, shedding its assets including its Benowa retail precinct for $16.5 million. They recently completed the build of 272 Hedges Avenue which was their last residential development.

Sunland were behind some of the Gold Coast's most well known buildings, including Palazzo Versace and Q1.

When telling shareholders Sunland were exiting the development game, the Abedian family always said they would run a private development company.

To be notified when the project hits sales, <a href="/new-apartments/55-eden-avenue-coolangatta">enquire here</a>.

Sahba Abedian and his brother-in-law Riaz Rezvanipour, who are behind the new development company Arium, have submitted plans for a 15-level tower with 54 apartments designed by Contreras Earl Architecture

First look: Abedian family's plans for Coolangatta's Greenmount Beach Hotel site revealed

<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.

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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.

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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.

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Joel Robinson

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