Central Element and joint venture partner Develotek are set to launch their luxury Drummoyne waterfront project Bianca Drummoyne, after receiving the green light form the Inner West Council.

It's the second sign off for a luxury development in Sydney's inner west in a matter of weeks, following the approval of <a href="/news/nsw/corsa-mortlake-luxury-apartments-approved">Made Property's waterfront Corsa Mortlake</a>.

<a href="/new-apartments/bianca-drummoyne-2c-2d-wolseley-street-drummoyne">Bianca Drummoyne</a> will comprise just 12 three and four-bedroom apartments at&nbsp;<a name="m_2146136283900342608__Hlk139531929">2C–2D Wolseley Street, an elevated position on the northern edge of Drummoyne's peninsula overlooking the water.</a>

The project will consist of two components. The first, on Wolseley Street set along the ridge, boasts expansive views of the harbour the city skyline. Along the foreshore, the second element is north-facing, connecting with the harbour’s edge.

<a data-entity-type="file" data-entity-uuid="6adffe4f-7f23-4e29-9c59-1d59761b10cc" href="/new-apartments/bianca-drummoyne-2c-2d-wolseley-street-drummoyne"><img alt="Central Element Bianca" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-03%20at%202.11.24%20pm.png?VersionId=yrzfOfl_jEydYUhcVog4KDIK5ckvRcGS" /></a>

Bianca's penthouse, which will be released at a later date, will benefit from both panoramic water and city views.

Apartments start from 120 sqm and get as large of 290 sqm. They have direct lift access from the carpark, where there's double garaging and storage rooms for each apartment. They will each feature an expansive outdoor entertaining area and an individual wine cellars.

The resident amenity will be down on the water, where there will be gardens, open lawns, and an outdoor swimming pool.

<a data-entity-type="file" data-entity-uuid="72144efe-4d3c-4cae-a745-386fda1cf040" href="/new-apartments/bianca-drummoyne-2c-2d-wolseley-street-drummoyne"><img alt="Bianca Drummoyne" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-03%20at%202.11.36%20pm.png?VersionId=sVVuSNHPN41tOlWEyscfwcy5YCbLyshx" /></a>

SJB, who have worked with <a href="/developers/central-element">Central Element</a> on a number of their developments such as <a href="/new-apartments/ethos-15-ellis-street-753-pacific-highway-chatswood">Ethos</a> in <a href="/new-apartments/chatswood-nsw-2067">Chatswood</a> and <a href="/new-apartments/pienza-neutral-bay-12-waters-road-neutral-bay">Pieza</a> in <a href="/new-apartments/neutral-bay-nsw-2089">Neutral Bay</a>, have designed Bianca, with the main focus to frame the waterfront views.

SJB Principal Adam Haddow said with Bianca, they endeavour to create a home completely connected to its location.

"The architecture is in response to the site’s unique topography, with individual rooms and openings adjusted to ensure that views and privacy are maximised," Haddow said.

"Each home features spaces that immerse you in the incredible location, with generous open plan living and dining areas flowing out to oversized balconies allowing residents to see the water, feel the breeze, soak in the sun, and enjoy waterfront living at its finest.”

<a data-entity-type="file" data-entity-uuid="97833b0e-cf0d-404d-98b5-21e8c1d7d7b2" href="/new-apartments/bianca-drummoyne-2c-2d-wolseley-street-drummoyne"><img alt="Bianca Drummoyne" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-03%20at%202.11.29%20pm.png?VersionId=uZlMuP0ne_S05JZzwjN4uV83aEjIWr0I" /></a>

Central Element has a multi-billion dollar portfolio of residential and lifestyle precincts, having delivered over 500 apartments across Sydney metropolitan locations.

Nathan Chivas, Managing Director of <a href="/developers/central-element">Central Element</a>, said Bianca will further elevate their position as a key player in delivering this level of product to Sydney.

"This rare opportunity reflects our vision of seeking out exceptional sites in premium suburbs to build luxurious living spaces of the highest quality.

"Our position as force in the luxury residential market was further bolstered with the DA approval on the world-class mixed-use landmark Hyde Park site earlier in the month.

"Offering the epitome of premium waterfront living, unparalleled views, and the convenience of a six-kilometre drive or 18-minute ferry to the city, we are expecting record sales as Bianca launches to market.”

Develotek Director John Fernandes says Wolseley Street will witness the first and potentially the last major development in a generation.

"From the outset, our mission was to discover the perfect partner to collaborate with and bring an unprecedented level of luxury to this highly coveted location.

"Pressing ahead with Bianca in conjunction with <a href="/developers/central-element">Central Element</a> is the first milestone of a conscious effort and push by Develotek to enter the high-end Inner West market which we see as chronically undersupplied, and we look forward to delivering a new benchmark to Drummoyne over the coming years.”

McGrath's Tracey Dixon and Rob Alfeldi are marketing the project.&nbsp;Building is expected to commence early 2024. &nbsp;

Bianca Drummoyne will comprise just 12 three and four-bedroom apartments at 2C–2D Wolseley Street, an elevated position on the northern edge of Drummoyne's peninsula overlooking the water

Joel Robinson

Central Element and Develotek set to launch Bianca Drummoyne apartments following council sign off

Melbourne-based developer Time &amp; Place are continuing their push into Sydney, lodging plans for a boutique apartment development in Manly's General Conservation area, adjacent to Manly Oval.&nbsp;

Time &amp; Place, who are working through plans for the redevelopment of the well-known Chimes building in Potts Point, are seeking to develop a four-level building with 25 apartments,&nbsp;above a ground floor commercial level and two underground basement carpark levels.

Read more:&nbsp;<a href="/news/nsw/exclusive-first-look-time-place-lodge-potts-point-apartment-plans">Exclusive first look: Time &amp; Place lodge Potts Point apartment plans</a>

Time &amp; Place had the award-winning SJB design the Manly project, which will comprise 15 two-bedroom and 10 three-bedroom apartments.&nbsp;

<a data-entity-type="file" data-entity-uuid="8522b14e-2b24-4cc5-85f8-7eaeabb9f6df" href="/new-apartments/two-tides-manly-9-raglan-street-manly-nsw-2095"><img alt="Render of the proposed development at 35 Belgrave St." data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-02%20at%205.49.53%20pm.png?VersionId=FIVeR3_LbhqiVlSqbT48PkOtBYv0kIWE" /></a>Render of the proposed development at 35 Belgrave St. Credit: SJB

The site currently contains four existing low-scale buildings of various ages which will be demolished to make way for the new apartments.

While the proposed building exceeds the 15-metre height limit in place for the site, it remains&nbsp;consistent with the surrounding building's, including a recent approval at the adjacent site 21 Whistler Street as well as the bookend corner site at 21 Belgrave Street.

<img alt="Time &amp; Place Manly" data-entity-type="file" data-entity-uuid="c9db132e-38f8-4156-a7cf-8f4f85e7a48f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-03%20at%2012.59.44%20pm.png?VersionId=lMMHg7Guer87SrDh95MQlz2dZ1tdKCYM" />

The built heritage character of the area consists of masonry and stone buildings with finely detailed openings and parapet elements, with SJB drawing on the heritage of the suburb for the design of the new apartments.&nbsp;

"The introduction of colour at the base and soffit of the roof, ties the building together and creates a level of interest when viewed from different vantage points and distances," SJB said in their design verification statement.

"Vaulted spaces at roof level are expressive, ensuring the building touches the sky in an interesting way whilst also creating unique, volumetric spaces within the apartments."

At the heart of the development will be a central oasis, with the lush communal garden serving not only as a social space for residents, but as a verdant outlook for each of the apartments.&nbsp;

<a data-entity-type="file" data-entity-uuid="6a851447-6539-45ee-b065-2fc0aa3e044d" href="/new-apartments/two-tides-manly-9-raglan-street-manly-nsw-2095"><img alt="Render of the central oasis within the development" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-02%20at%205.50.13%20pm.png?VersionId=ilg2emft3MMGAJsrlj5F7YGm0qwkiaJu" /></a>Render of the central oasis at the heart of the development. Credit: SJB

"The central oasis will be a cool space with a unique planting character that responds to its specific sunlight conditions 
year round."

A number of sustainability principles have been incorporated within the design, including exceeding BASIX Energy by 5 per cent and maintaining a 7-Star NatHERS Average across the development.

The site will be predominantly constructed from locally produced, sustainable materials, chosen favouring longevity and minimising maintenance, with 100 per cent of the apartments cross-ventilated and maximising on natural sunlight.&nbsp;On-site energy generation will come through a major solar PV array on the rooftop, in a bid to reduce operational energy and GHG emissions associated with the site.

Time &amp; Place are currently marketing The Queensbridge building in <a href="/developments/southbank-vic-3006">Melbourne's Southbank</a>.

Time & Place had the award-winning SJB design the Manly project, which will comprise 15 two-bedroom and 10 three-bedroom apartments

Time & Place expand Sydney footprint, plot Manly apartment development

South East Queensland developer Spyre Group has amalgamated the two final apartments in their record-breaking Glasshouse Burleigh Heads project.

Glasshouse already holds the off the plan apartment record in Queensland, secured when the penthouse sold for $20 million in March last year. Now the <a href="/developments/brisbane-qld">Brisbane-based</a> developer, who also hold the off the plan apartment record in the <a href="/developments/brisbane-qld">Queensland capital</a>, have put together what were the bottom two apartments in the formerly boutique complex of just three units.

The amalgamated residence will span three levels and have five bedrooms, two living spaces, an additional media room, a full guest suite, a wine room, home office, and a private pool, as well as garaging for six cars.

The master retreat is one of the most striking features, with an 11-metre frontage offering direct ocean views from the private balcony.

Read more:&nbsp;<a href="/news/qld/spyre-group-smash-queensland-apartment-record-with-20-million-burleigh-heads-penthouse-sale">Spyre Group smash Queensland apartment record with $20 million Burleigh Heads penthouse sale</a>

<img alt="Glasshouse" data-entity-type="file" data-entity-uuid="43f89602-106a-45ed-84cf-085373029eb1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-03%20at%209.38.04%20am.png?VersionId=xorZRNLGFTG7jUyZdMxoN9rgVEOPfL7t" />

Spyre Managing Director Daniel Laruccia said they recognised a gap in the market for an ultra-luxury product in <a href="/new-apartments/burleigh-heads-qld-4220">Burleigh Heads</a>.

“The amalgamated residence will provide the functionality of a very large home within a location that is essentially reserved for multi-residential living on Burleigh’s beachfront,’’ he said.

Laruccia said Glasshouse is capable of outshining prestigious large-scale homes in areas such as Hedges Avenue at <a href="/new-apartments/mermaid-beach-qld-4218">Mermaid Beach</a>, Noosa on the Sunshine Coast and Byron Bay.

“Glasshouse will stand as an iconic coastal expression, respectful to its origins while boundless in its pursuit of excellence."

Construction started on the project in August 2022, and is expected to be complete in the first quarter of 2024.

<img alt="Glasshouse" data-entity-type="file" data-entity-uuid="2ee3783c-a658-42e0-a02b-b297bd3613f0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-03%20at%209.38.13%20am.png?VersionId=B8u9inTpCiuESYe6EXEH0sG6bDYxyiPU" />

The development features glass on its eastern and western sides to capture the panorama of the&nbsp;Gold Coast sands and the Coral Sea.

Designed by architects bureau^proberts with landscaping by CUSP, the residence flows seamlessly from the outdoor courtyard and pool to internal stairs which lead to the living and dining area and kitchen on level one.

Living spaces are designed to establish an immersive ocean-front experience with fluted glass walls creating windbreaks while maintaining unobstructed view lines to the ocean and sky.

The new amalgamated residence has high ceilings, a continuous indoor-outdoor floor finish, and full perimeter layered sheer curtains to provide privacy when necessary.

Read more:&nbsp;<a href="/news/qld/how-bureau-proberts-designed-spyre-groups-glasshouse-at-burleigh-heads">How bureau^proberts designed Spyre Group's Glasshouse at Burleigh Heads</a>

<img alt="Glasshouse" data-entity-type="file" data-entity-uuid="1d0a3bea-f7cd-4745-88f2-f7e1d099ab49" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-03%20at%209.38.09%20am.png?VersionId=KaJ6JXJMfWoeyuAXhaJawBxIkhsegyED" />

The kitchen is the centrepiece of the open floor plan. Its focal point is a sculptural island bench forged in stone that repeats the natural headland formations of the beach. Behind it are functional meal preparation areas powered by an induction cooktop, concealed fridges and freezers and a butler’s laundry.

The master bedroom is on level two, offering a truly private sanctuary nestled in the foothills of Burleigh Heads with an expansive view of the Coral Sea. A secondary bedroom, also on level two, contains its own ensuite derived from the striking stone of the master suite.

The guest bedroom is located on the ground floor, featuring its own private outdoor terrace, full- height robes, an ensuite and a study.

The amalgamated residence will span three levels and have five bedrooms, two living spaces, an additional media room, a full guest suite, a wine room, home office, and a private pool, as well as garaging for six cars

Spyre amalgamate at Glasshouse Burleigh Heads to create three-level apartment

Beulah has appointed Multiplex to construction their $2 billion mixed-use Southbank project, <a href="/new-apartments/sth-bnk-by-beulah-southbank-60-southbank-boulevard-southbank">STH BNK By Beulah</a>.

<a href="/new-apartments/sth-bnk-by-beulah-southbank-60-southbank-boulevard-southbank">STH BNK By Beulah</a> will be the tallest skyscraper in the southern hemisphere when it's completed in 2029. Beulah are forecasting a five-year build, with early works to commence in late 2023 or early 2024.

The announcement follows an extensive review of globally competent and respected construction companies around the world with Multiplex chosen due to their strong history spanning over 60 years, having completed over 1,100 projects valued at over US$100 billion. Notable projects within its portfolio include the Southern Hemisphere’s highest residential tower <a href="/buildings/australia-108-southbank-70-southbank-boulevard-southbank">Australia 108</a>, also in <a href="/new-apartments/southbank-vic-3006">Southbank</a>, <a href="/buildings/collins-arch-447-collins-street-melbourne">Collins Arch</a>, Jewel on the Gold Coast, 80 Collins Street, Federation Square, and Principal Tower, one of Europe’s tallest residential towers.

[smartcode_project:default project_id=8804 project_image_fid=217269]

The acclaimed builder is also responsible for international stadiums and landmarks including England’s renowned Wembley Stadium and Stamford Bridge, Elephant and Castle Town Centre, University of Glasgow, Dubai’s The Address Beach Resort, Abu Dhabi’s Eastern Mangroves and many more.

Soaring 365-metres high, Multiplex will be responsible for bringing the hyper-mixed-use <a href="/new-apartments/sth-bnk-by-beulah-southbank-60-southbank-boulevard-southbank">STH BNK by Beulah</a> to life; Australia’s first 5-minute vertical city which includes two twisting towers and a world-class retail precinct home to an impressive selection of shops, a comprehensive wellness precinct, a childcare centre, a Four Seasons Hotel, an innovative cultural centre in partnership with Centre Pompidou, commercial office space, a diverse residential offering, numerous pocket parks as well as the world’s tallest vertical garden.

Beulah Managing Director Jiaheng Chan said Multiplex was chosen due to its wealth of global experience in building tall towers that push the envelope in terms of design and construction while ensuring sustainability remains central to its core operations.

[smartcode_project:default project_id=8804 project_image_fid=217270]

“Multiplex is responsible for delivering some of Australia’s most significant and iconic projects, many of which push the boundaries in terms of engineering and design," Chan said.

"Following an extensive review period, we believe them to be the most experienced to be our builder partner for such an iconic project and look forward to a long-term partnership that will see <a href="/new-apartments/sth-bnk-by-beulah-southbank-60-southbank-boulevard-southbank">STH BNK by Beulah</a> come to life.

“Over 50 per cent of Multiplex’s Melbourne portfolio is built for repeat clients, with this signalling the second time we have worked with them, following the successful delivery of our award-winning Paragon project in 2021.

"Additionally, <a href="/new-apartments/sth-bnk-by-beulah-southbank-60-southbank-boulevard-southbank">STH BNK By Beulah</a> has a strong emphasis on sustainability and biophilia and Multiplex’s commitment to reducing its carbon footprint was also taken into consideration; Multiplex is committed to net zero carbon buildings and sites by 2030 and a net zero carbon value chain by 2050.”

<a href="/new-apartments/sth-bnk-by-beulah-southbank-60-southbank-boulevard-southbank">STH BNK By Beulah</a> has already seen a string of high-profile sales of its 691 apartments, with a number of sales ranging between $30 million and $38 million.

[smartcode_project_cta:default project_id=8804]

STH BNK By Beulah will be the tallest skyscraper in the southern hemisphere when it's completed in 2029

Multiplex to build $2 billion STH BNK By Beulah towers

Construction has commenced on Windsor Park, one of the newest apartment developments in <a href="/developments/windsor-vic-3181">Melbourne's Windsor</a>.

The 33-apartment development at&nbsp;61-71 McIlwrick Street is a joint venture between developer Sinclair Brook and investment firm Wilbow Group, who are expecting residents to move into the Jackson Clements Burrows-designed building by mid-2024 after a 12-month build.

[smartcode_project:default project_id=110261 project_image_fid=216133]

The building, which has interiors curated by Hecker Guthrie and sits in gardens by Eckersley Garden Architecture, has never to be built out views of <a href="/new-apartments/windsor-park-prahran-61-71-mcilwrick-street-prahran">Windsor Park</a>. It sits in an enviable pocket, boasting an international walk score of 95.

Prices start from $1.7 million for the three-bedroom apartments which have two bathrooms and two car spaces.

[smartcode_project:default project_id=110261 project_image_fid=216141]

The aim of Windsor Park was to create a beautiful environment that enriches the urban fabric while evoking a profound sense of home. The development features a series of smaller buildings spread across three levels. Privacy was considered, with canopy landscaping enveloping each residence, connecting them organically to the adjacent parkland. There's a central courtyard which further enhances the park-like atmosphere.

A palette of&nbsp;concrete, warm metals, and neutral brick were used for the exterior of the building, while the interiors combine earth tones, concrete, and soft timber.

Apartments have been designed to offer&nbsp;multiple aspects and floor-to-ceiling windows that frame views of private landscaped gardens, treetops, and the city skyline.

[smartcode_project:default project_id=110261 project_image_fid=216143]

Each apartment features&nbsp;V-ZUG kitchen appliances, Brodware tapware, integrated Leibherr fridge/freezers, double-glazed windows, and premium natural stones and tiles.

Sinclair Brook is offering an extended building warranty at Windsor Park, past the standard warranty which all off the plan developers need to offer.

Windsor Park is the second collaboration between Sinclair Brook, Jackson Clement Burrows and Eckersley Garden Architecture. The trio worked together Compose Hawthorn, a boutique collection of terraces on Glenferrie Road.

[smartcode_project_cta:default project_id=110261]

Developer Sinclair Brook and investment firm Wilbow Group are expecting residents to move into the Jackson Clements Burrows-designed building by mid-2024

Construction commences on Sinclair Brook’s Windsor Park apartment development

ASX-listed developer Mirvac has launched the expressions of interest campaign at its latest Melbourne apartment development, Prince &amp; Parade, on a prime park-facing block on the fringe of Brunswick's Princes Park.

The building, designed by Bates Smart in collaboration with Mirvac Design and in landscaping by Jack Merlo, comprises 166 one, two three and four-bedroom apartments.

The striking project is targeting the owner-occupier, particularly local downsizers who currently live in houses or terraces and are starting to see equity build back up in their homes. It's also expected to be popular with affluent young professionals.

[smartcode_project:default project_id=4802 project_image_fid=217127]

Mirvac has had parkside success previously when collaborating with Bates Smart at their Fitzroy Gardens development The Eastbourne, which won the 2020 UDIA High Density Development Award. They've also worked together on The Melburnian on St Kilda Rd, which too was a UDIA Award winner.

Prince &amp; Parade has been designed to orient the park, taking advantage of the 100 metre frontage to Park Street. The orientation means that not only will residents benefit from park views through the floor to ceiling glass.

It's been cleverly designed so it reaches a height of nine levels to the north building on Brunswick Road, and five levels on the south-facing building on Park Street.

[smartcode_project:default project_id=4802 project_image_fid=217110]

The fully electric building features a residents' lounge and dining room, as well as a rooftop terrace with extensive panoramic views of Melbourne.

A library and a full wellness studio complete the private amenity spaces.

[smartcode_project:default project_id=4802 project_image_fid=217134]

The location of Prince &amp; Parade, on Park Street, is just four kilometres to the CBD and is within walking distance of the historically vibrant suburbs of Melbourne's inner-north. It's also just a short walk to Jewell Train Station and Royal Park Train Station.

Construction of Prince &amp; Parade is expected to kick off in late 2023 or early 2024.

[smartcode_project_cta:default project_id=4802]

The building, designed by Bates Smart in collaboration with Mirvac Design and in landscaping by Jack Merlo, comprises 166 one, two three and four-bedroom apartments


Mirvac reveal latest Melbourne apartment development, Prince & Parade Brunswick

Brisbane's Toowong is set for a new $1 billion town centre after a prime development site was snapped up for $53 million.

The 9,000 sqm development site, on the corner of Sherwood Road and High Street, was slated to home Aviary <a href="/developments/toowong-qld-4066">Toowong</a>, but the current construction crisis in Queensland meant State Development Corporation and partner RW Capital offloaded the site, to a <a href="/developments/brisbane-qld">Brisbane</a> investment company.

They intend on undertaking a joint venture with the adjoining site owner to&nbsp;integrate the two properties and create a $1 billion retail, office, and residential development over a combined 1.3 hectares.

The proposed new <a href="/developments/toowong-qld-4066">Toowong</a> Town Centre will not only create a new town centre in the heart of <a href="/developments/toowong-qld-4066">Toowong</a>, but will add significant community benefits to the precinct and the western corridor.

Ross McKinnon, MD of State Development Corporation, said the sale of the land enables RW Capital to deliver a return to its investors after many months of uncertainty.

"We are delighted that the purchaser will look to develop the property,” McKinnon said.

“Since launching the development in 2020, we have received overwhelming support from council, local residents and retail tenants, and we have no doubt that once built, the project will provide fantastic amenity to the <a href="/developments/toowong-qld-4066">Toowong</a> community."

Christian Sandstrom of Knight Frank originally sold the site to State Development Corporation and introduced the new purchaser in the recent sale.

“This property is in a prime site in the heart of Toowong, and will follow other recent developments including the Monarch development on the old ABC site and Mosaic developments on Sylvan Road and Archer Street.”

The sale was completed in conjunction with Ian Heatherington from Ray White.

The new owner will team up with next door to create a $1 billion retail, office, and residential development over a combined 1.3 hectares




Site sale paves the way for $1 billion Toowong Town Centre

Mermaid Beach has long been the darling of the <a href="/new-apartments/gold-coast-qld">Gold Coast</a>.

It's where the millionaires across the country choose to have their beach houses. Lavish mansions line the beach on Hedges Avenue, one of the most expensive streets in Queensland, and the equally sought-after Albatross Avenue.

Medium-density apartment developments don't come around often in the suburb which has managed to retain it's typical Gold Coast charm, not overran by interstate investors or overdevelopment.

Both the density, and location, is what makes Dankav's <a href="/new-apartments/laani-26-28-alexandra-avenue-mermaid-beach">LAANI Mermaid Beach</a> development a rare proposition. Located on Alexandra Avenue, at the north end of Mermaid Beach bordering Broadbeach, <a href="/new-apartments/laani-26-28-alexandra-avenue-mermaid-beach">LAANI</a> has just 50 apartments across its 18 levels, a maximum of four units per floor.

[smartcode_project:default project_id=6997 project_image_fid=185191]

It hits the sweet spot between density and pricing. The more dense <a href="/new-apartments/yves-mermaid-beach-7-9-mermaid-avenue-mermaid-beach">Yves Mermaid Beach</a>, which has been hugely popular with locals, has 146 apartments.

The rest of the developments within the suburb are low density, which often command considerably higher prices, while projects in planning are either high-rise or low-rise.

Prices start at $1,150,000 for the two-bedroom apartments at <a href="/new-apartments/laani-26-28-alexandra-avenue-mermaid-beach">LAANI</a>, and $1.75 million for the three-bedroom units.

Residents have luxury amenity in the building. Level seven will home a heated lap pool and adjoining day beds, a gym with a sauna, a cinema room, shared office space, a private dining room, and an outdoor sunken lounge and barbecue space.

[smartcode_project:default project_id=6997 project_image_fid=185664]

Completion of LAANI is slated for later this year.

Dankav has a long affiliation with development up and down the <a href="/new-apartments/gold-coast-qld">Gold Coast</a>, and <a href="/new-apartments/mermaid-beach-qld-4218">Mermaid Beach</a> in particular.

Their successful Mali project, down the road on Alexandra Avenue, was another to hit that sweet spot of around 50 apartments. That sold out before completion, which occurred in mid-2021.

[smartcode_project_cta:default project_id=6997]

Medium-density apartment developments don't come around often in the suburb which has managed to retain it's typical Gold Coast charm

How Laani is bringing something different to the Mermaid Beach apartment landscape

Melbourne's unit market continued to see growth over July, however at a slightly slower pace than recorded in the two months prior.

CoreLogic's Monthly Hedonic Home Value Index found that&nbsp;value of <a href="/developments/melbourne-vic">Melbourne units</a> grew by 0.4 per cent in July, following strong gains of one per cent in June and 0.9 per cent in May.

The July gains better the housing market for the second month in a row. House values grew by 0.3 per cent in July.

Unit values are now 2.2 per cent up over the rolling quarter, and 1.4 per cent year to date. The median value for units in <a href="/developments/melbourne-vic">Melbourne</a> is now $602,000.

<h2>What's happening in the Melbourne off the plan apartment market?</h2>

The biggest news in July came from property advisory firm Charter Keck Cramer, who believe <a href="/news/vic/melbourne-off-the-plan-apartment-values-could-spike-25-per-cent-charter-keck-cramer">off the plan apartment prices could rise by as much as 25 per cent</a>.

"There are a number of fundamental reasons that support the thesis that off the plan apartment value rates across the entire apartment market in&nbsp;<a href="/developments/melbourne-vic">Melbourne</a>&nbsp;will simply have to recalibrate upwards over the next 12 months," Charter Keck Cramer's research report noted.

They cited booming immigration forecasts, a tight supply of apartments, and land and construction prices not likely to fall below pre-COVID levels.

<img alt="Melbourne off the plan apartment values could spike 25 per cent: Charter Keck Cramer" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/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" />

Pace Development Group Sales &amp; Marketing Director Ash Bramich says current sentiment has been largely influenced by buyers and developers too nervous to act, one by rising interest rates, and the other by feasibilities that just don’t stack up.

He adds however, for buyers with little&nbsp;to no borrowing required, the market has been fuelled by a shortage of stock, which has been reflected in many boutique projects in desirable suburbs selling very well, even at todays required square metre rates.

"Our lead generation for the yet to launch Fabricca in the always in demand <a href="/developments/fitzroy-vic-3065">Fitzroy</a> has been overwhelming," Bramich says.

"Targeting downsizers, of whom the majority are locals, and those from the inner east who are selling their family homes between $3 million to $7 million are looking for curated projects by recognised developers."

Bramich says PACE are very bullish about the medium to longer term prospects of the market, so long as employment stays strong and immigration continues to flourish.

"As construction prices stabilise, experienced developers are re-entering the market, recognising that the supply and demand imbalance is too great to sit on the sidelines."

Read more:&nbsp;<a href="/news/vic/pace-take-advantage-of-demand-v-supply-in-2022-and-kick-off-construction-in-flemington-and-coburg">Pace take advantage of demand v supply in 2022 and kick off construction in Flemington and Coburg</a>

PACASA Director Stefano Paciocco says the much publicised lack of supply won't be fixed in the near term, because there's currently a mismatch between what developers can pay for land to make a project viable, and vendor’s expectations of what the land is worth.

"If the mismatch continues, there will be even less supply than there is currently,"&nbsp;Paciocco says.

It's the lack of supply of high-quality apartments, paired with a prime location and striking design, which has driven sales&nbsp;at PACASA's recently launched <a href="/developments/richmond-vic-3121">Richmond project</a>, <a href="/new-apartments/park-house-richmond-hill-268-270-church-street-richmond">Park House</a>.

Read more:&nbsp;<a href="/news/vic/locals-drive-sales-at-pacasas-recently-launched-richmond-apartment-development-park-house">Locals drive sales at PACASA's recently launched Richmond apartment development, Park House</a>

[smartcode_project:default project_id=110363 project_image_fid=213026]

"We’re seeing that those with a lot of equity in their homes, who have waited through the COVID period, are now eager to make their next purchase," Paciocco says.

"There’s a lack of availability of quality owner-occupier and downsizer stock across Melbourne’s inner-ring, which has driven sales at Park House.

"These buyers know there’s not a significant amount of new projects coming in the short-term because of the cost of both land and construction."

[smartcode_project:default project_id=110363 project_image_fid=213016]

Carpe Co-Founder and Director Tim Campbell says the market is running at two different paces.

"While we’re still actively doing sales across our projects, buyers are definitely a lot more discerning," Campbell says.

[smartcode_project:default project_id=135736 project_image_fid=208613]

"They’re asking a lot more questions over builders, finance, and construction timelines."

There doesn't seem to be an issue in prices being sought, Campbell said. The overarching decision factor is the confidence the development is going to go ahead.

Carpe take buyers through their recently completed Brighton townhouse project, which has been designed by the same architect and built by the same construction firm as their Kew project, The Walton, which is 50 per cent sold.

<a href="/news/vic/city-beat-july-2023-melbourne-units-outperform-houses-as-growth-soars">Read more: City Beat July 2023: Melbourne units outperform houses as growth soars</a>

The biggest news in July came from property advisory firm Charter Keck Cramer, who believe off the plan apartment prices could rise by as much as 25 per cent

City Beat August 2023: Melbourne units outperform houses again as supply problems persist

Following the sell-out of its VIII Kirra project near Kirra Beach, developer Devlink Group is moving onto its next project.

The new project, UNIQ Bundall, a collection of 22 architecturally-designed townhouses, is located just across the river from the&nbsp;soon-to be redeveloped Gold Coast Turf Club, which is set to undergo a <a href="/news/qld/inside-the-gold-coast-turf-clubs-370-million-redevelopment-plans">$370 million transformation and become the Sunlight Lifestyle Precinct</a>.

The villas, at 2-4 Waterford Court, will each have three bedrooms, three bathrooms, private lifts, rooftop terraces, and a self-contained multi-purpose room. The waterfront villas will have private plunge pools.

The wider development will feature a communal swimming pool and barbecue facilities.

<img alt="UNIQ Bundall" data-entity-type="file" data-entity-uuid="4329e8c6-f39a-4fa7-8340-63cc512fea4c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-01%20at%2012.43.17%20pm.png?VersionId=AF2HbVX59dL9tPdKeBkSslbOphl3HFvY" />

Devlink Group Head of Marketing, James Ball, said the project is an opportunity to deliver an incredible addition to the area at a time when the Sunlight Lifestyle Precinct is set to transform Bundall into one of the most in-demand locations on the entire <a href="/developments/gold-coast-qld">Gold Coast</a>.

“Our focus as a business has been developing and delivering boutique townhouse projects in some of the Gold Coast’s most desirable locations just as interest in the area escalates – something we experienced with our Kirra VIII project and now appear to have done again with UNIQ,” Ball said.

“Given the fast-growing population of the <a href="/developments/gold-coast-qld">Gold Coast</a> and the lack of land availability buyers are choosing this type of product as it gives them the opportunity to live in a location that allows for a great lifestyle while providing them the living space, they want with minimal upkeep required. What makes it even more thrilling for us is the fact that our project is situated in a prime area, granting access to two prominent entertainment hubs—the Sunlight Lifestyle Precinct and Home of The Arts (HOTA), while still being only five to 10 minutes’ from the beach.”

<img alt="UNIQ Bundall" data-entity-type="file" data-entity-uuid="e8a72945-22d0-47d3-8231-4cc9320a1ee2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-01%20at%2012.17.02%20pm.png?VersionId=xN1wqHxZS.Omdo7MSWUYgsYnMr4EUqc." />

Construction is expected to start at UNIQ Bundall in Q4 2023.

Eric Chen, Head of Business at Devlink Group, said the company would continue to focus on these high-quality projects and work with the <a href="/developments/gold-coast-qld">City of Gold Coast</a> to deliver them as the population of the city continues to grow.

“Providing the city with high-quality projects that increase density whilst not overloading existing infrastructure is very important for the area, this is something that Devlink Group has accomplished since our very inception,” Chen said.

“This project is perfectly pitched in that the high calibre of the design, location, residential amenities and large property size are all highly appealing to buyers targeting the Gold Coast region. We have a proven track record of delivering these projects from inception to completion even throughout the tough times over the last few years, and we are looking forward to delivering the same high results with UNIQ.”

Read more:&nbsp;<a href="/news/qld/city-beat-august-2023-gold-coast-unit-growth-continues-over-winter">City Beat August 2023: Gold Coast unit growth continues over winter</a>

The new project, UNIQ Bundall, a collection of 22 architecturally-designed townhouses, is located just across the river from the soon-to be redeveloped Gold Coast Turf Club

First look: Devlink to develop high-end townhomes in Bundall

For most new apartment buildings, the Owners Corporation starts life with little more than a bank account and the first quarterly strata levies.

At <a href="https://www.apartments.com.au/buildings/9-gay-street-castle-hill-9-gay-street-castle-hill-nsw-2154">9 Gay Street</a> in <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a>, it starts with around $7 million in reserve.

It's an unusual legacy of what was once one of Sydney's highest-profile apartment remediation projects. When the development, originally known as Skyview and built by disgraced developer Top Place, came under scrutiny by then NSW Building Commissioner David Chandler, an $11 million remediation bond was negotiated to ensure any building defects could be fully rectified.

The building underwent an 18-month remediation program, during which around $4 million of that bond was spent bringing the building up to the standard it should have been in from the outset.

After extensive inspections, all active rectification orders have been lifted. What's more, around $7.2 million remains secured for the Owners Corporation for the next 15 years.

In a twist few would have predicted, what began as a significant concern for purchasers has left the building with something almost unheard of in the apartment market: a multi-million-dollar financial reserve from day one.

[smartcode_project:default project_id=147685 project_image_fid=359136]

<a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a> Executive Chairman Greg Huxley said the structure offers buyers a level of certainty that is difficult to replicate.

"The $11 million bond established for the Skyview Castle Hill development represents exceptional value, providing genuine financial security for purchasers," Huxley said.

"Unlike a standard insurance policy, this bond consists of real funds held in trust for the Owners Corporation, offering a tangible layer of protection and added peace of mind."

The apartments themselves have been designed with a focus on practical, contemporary living. Interiors feature Smeg appliances, stone benchtops, tiled living areas, carpeted bedrooms, 2.7-metre ceilings, floor-to-ceiling glazing, and ducted heating and cooling throughout.

Residents also have access to a range of shared amenities, including two rooftop barbecue areas, a swimming pool, children's playgrounds, secure building access, storage cages, and visitor parking.

The location continues to be one of the project's strongest drawcards. Castle Hill Metro Station sits virtually on the doorstep, providing direct connections across Sydney's expanding Metro network, while Castle Towers offers extensive retail, dining, entertainment, and service amenities within walking distance.

[smartcode_project:default project_id=147685 project_image_fid=359127]

The building, now named after its location at 9 Gay Street, comprises a diverse mix of one-, two-, and three-bedroom apartments starting from just under $600,000.

Equitifund National Sales Director Ben Hamblett said demand in the Hills District continues to be driven by buyers seeking convenience and connectivity.

"Interest from both owner-occupiers and investors in Castle Hill remains exceptionally strong, with buyers consistently prioritising developments in close proximity to the Metro station and Castle Towers Shopping Centre," Hamblett said.

"There is a clear trend in the market, with purchasers seeking convenient access to transport and lifestyle amenities that support a seamless, low-maintenance way of living."

On top of the long-term protection afforded by the remaining $7.2 million bond, Equitifund is offering a limited-time stamp duty rebate on selected apartments.

Eligible purchasers can also secure finance options, including a 3.99 per cent two-year variable rate, loan-to-value ratios of up to 90 per cent, and interest-only lending options through EquitiCredit.

[smartcode_project_cta:default project_id=147685]

Why this Castle Hill apartment building starts with a $7 million advantage

For much of the past few years, conversations about Australia's property market have centred on the rapid growth seen in Sydney, Brisbane, Gold Coast, and Perth. <a href="https://www.apartments.com.au/developments/melbourne-vic-3004">Melbourne</a> has followed a different trajectory.

That relative underperformance is now encouraging some buyers to reassess the city, particularly those willing to look beyond short-term market movements and focus on quality property in established locations, along with the long-term growth prospects of a city expected to overtake Sydney as Australia’s most populous.

John Bekiaris, Research &amp; Market Insights at <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Projects by Equitifund</a>, said Melbourne's current position is attracting increasingly sophisticated purchasers.

"Melbourne continues to present one of Australia's strongest long-term investment stories," Bekiaris says.

"While other capital cities have experienced stronger recent growth, that relative underperformance is exactly what's attracting sophisticated counter-cyclical investors."

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Equitifund isn't just commenting on Melbourne's property market, it's investing in it.

The Sydney-headquartered capital partner has taken over the remaining apartments at <a href="https://www.apartments.com.au/buildings/victoriana-melbourne-20-queens-road-melbourne-vic-3004">Victoriana</a>, the recently completed glass-encased development opposite Albert Park Lake in Melbourne's tightly held St Kilda Road precinct.

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and built by <a href="https://www.apartments.com.au/builders/hickory">Hickory</a>, Victoriana places residents between one of Melbourne's most recognised parklands and the CBD, offering oversized two and three-bedroom apartments aimed at owner-occupiers seeking a genuine alternative to a traditional family home.

The development comprises 232 completed residences alongside a suite of resident amenities, including a 25-metre indoor swimming pool, gymnasium, landscaped entertaining areas, resident lounges, EV charging, secure basement parking and a concierge-style arrival experience.

[smartcode_project:default project_id=1979 project_image_fid=363229]

The apartments have been designed with owner-occupiers firmly in mind.&nbsp;Open-plan living and dining areas flow onto generous balconies framing views across Albert Park Lake, Fawkner Park, the Royal Botanic Gardens and the Melbourne skyline.

Kitchens feature Gaggenau appliances, stone benchtops and generous preparation space. Bedrooms include built-in robes, while bathrooms feature full-height textured tiling. Hardwood flooring and ducted air conditioning complete residences designed for long-term living.

Rothelowman's architecture takes its cues from the landscape opposite the site. Sweeping horizontal glazing references the movement of Albert Park Lake, while generous balconies and expansive glazing strengthen the connection between the apartments and the surrounding parklands. The result is a building designed to deliver the scale and amenity expected of luxury apartment living, while offering the larger floorplans increasingly sought by owner-occupiers.

[smartcode_project:default project_id=1979 project_image_fid=363284]

The location is one of Victoriana's defining characteristics. Positioned on Queens Road, residents are directly opposite Albert Park Lake and within easy reach of Fawkner Park, the Royal Botanic Gardens, South Melbourne, St Kilda Road and the CBD. With few comparable development opportunities remaining in the precinct, buyers are increasingly placing value on outlooks that are unlikely to be interrupted by future construction.

Greg Huxley, Founder of Equitifund, believes those qualities become even more valuable over time.

"Premium real estate has always rewarded buyers who take a long-term view," Huxley said.

"Victoriana represents the kind of asset that's increasingly difficult to recreate today, particularly in an established location like Queens Road."

He said rising construction costs are also changing the way buyers assess completed developments.

"When you combine an irreplaceable location with thoughtful architecture and premium finishes, you create something that becomes increasingly difficult to reproduce as construction costs continue to rise."

[smartcode_project:default project_id=1979 project_image_fid=363228]

According to National Sales Director Ben Hamblett, enquiry has been driven largely by Melbourne downsizers and buyers upgrading from smaller apartments.

"Interest in Victoriana continues to build, with strong buyer focus on the larger owner-occupier residences within the development," Hamblett says.

"Enquiry is increasingly driven by local buyers who recognise the rarity of what's on offer: park-facing apartments in an established neighbourhood where new development opportunities are becoming increasingly scarce. At Victoriana, the view is not just a feature; it's an appreciating asset in its own right."

He said interstate enquiry has also strengthened as buyers reassess Melbourne's position within the national property cycle.

"Melbourne currently stands as the most compelling entry point of any major Australian capital, and discerning buyers are beginning to recognise what those who move early always understand: the best opportunities are taken before the price rise confirms them."

[smartcode_project_cta:default project_id=1979]

Why now is the time to buy in Melbourne's premium apartment market

Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

[smartcode_project:default project_id=150489 project_image_fid=373834]

Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

[smartcode_project:default project_id=150713 project_image_fid=373827]

Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

Colliers research outlines a critical pre-2027 window to start residential projects before labour squeeze: now is the time to buy

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

[smartcode_project:default project_id=151449 project_image_fid=357458]

Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

[smartcode_project:default project_id=151449 project_image_fid=357469]

Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

[smartcode_project_cta:default project_id=151449]

Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

[smartcode_project:default project_id=134951 project_image_fid=368645]

Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[smartcode_project:default project_id=134951 project_image_fid=358802]

La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

[smartcode_project:default project_id=134951 project_image_fid=364551]

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

[smartcode_project_cta:default project_id=134951]

Joel Robinson

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