Consolidated Properties Group have officially launched their anticipated Toowong development, Monarch Residences.

The $450 million project on the Brisbane River, which is being delivered in conjunction with funding partner Qualitas, will feature 224 apartments across two 15-level towers at 600 Coronation Drive, the last significant riverfront parcel of land in Toowong.

The project includes the restoration of the heritage-listed 150-year-old Middenbury House and will be set among 1.2 hectares of landscaped gardens, incorporating the proposed landing area for the new green pedestrian bridge, connecting Toowong to West End.

Consolidated Properties Group chairman and CEO Don O’Rorke said Monarch Residences would set a new benchmark for apartment living in Brisbane’s inner west on one of the best riverfront sites in the city.

[smartcode_project:default project_id=113455 project_image_fid=211492]

“The launch of the sales display coupled with the imminent start of construction represents a vote of confidence in the Brisbane property market” O’Rorke said.

“Buyers are telling us they haven’t seen anything like Monarch Residences in the market, which is why we’ve had such strong interest so far especially from locals.”

Consolidated Properties Group Head of Residential James MacGinley said part of Monarch’s appeal was its range of floor plans for one, two, three and four-bedroom river homes, apartments and penthouses.

[smartcode_project:default project_id=113455 project_image_fid=211472]

“We’ve worked closely with our architects – Wardle and Cottee Parker Architects – to curate the right mix to appeal to a broad cross-section of buyers whether they are downsizing or right sizing. The common link across the buyers is they are all locals who understand the value of a piece of real estate that can’t be replicated in Brisbane’s inner west,” MacGinley said.

“There’s no better connected site in Brisbane especially when you consider the rail, bus, ferry, pedestrian and cycleway linkages as well as the future green pedestrian bridge.

“The landscaped gardens, including 3000 square metres of public parkland, will make people forget they are right on the doorstep of one of Brisbane’s major centres.”

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Brisbane’s Lord Mayor Adrian Schrinner officially opened the $3 million sales display earlier this week.

&nbsp;

&nbsp;

Schrinner said the proposed green bridge would connect Toowong to the West End and make it easier for residents to move around the city.

“This bridge would provide further options to cyclists and pedestrians to travel between Brisbane’s west, south and the CBD and further enhance Brisbane’s world-class Bicentennial Bikeway,” Schrinner said.

“Our collaboration with Consolidated Properties Group is an important example of council and business working together to achieve outcomes to benefit the whole community including much needed housing and infrastructure.

“That’s why I’m pleased to be here today to help launch the sales display for Monarch Residences, which is an important addition to the housing market in Brisbane.”

[smartcode_project:default project_id=113455 project_image_fid=211466]

Hutchinson Builders are handling the construction of Monarch Residences. The two towers will be built&nbsp;simultaneously, with construction kicking off in March. They should take around two and a half years to build.

Consolidated Properties Group purchased 600 Coronation Drive for $43.5 million from Sunland in March 2021. The development application was filed in November 2021 and approved in July last year.

Qualitas Global Head of Real Estate and Co-Founder, Mark Fischer said Brisbane remains one of the most undersupplied housing markets in Australia.

"We are pleased to be able to play a role in increasing the supply of high-quality housing in Brisbane”.

“Thematically we like investments in established and well-connected neighbourhoods, with rail, bus, ferry, pedestrian, and cycleway linkages, plus the future green pedestrian bridge. It is rare that this dynamic presents in a sought-after location like Brisbane’s inner west and on one of the best riverfront sites in the city.”

[smartcode_project_cta:default project_id=113455]

Joel Robinson

Consolidated Properties Group launch Monarch Residences in Toowong

Melbourne developer Blue Earth Group is seeking VCAT approval to push on with its dual-tower, mixed-use development in a prime location in Maribyrnong.

Blue Earth, led by the Dib family, secured the&nbsp;centrally located site, directly&nbsp;adjacent to Highpoint Shopping Centre, Australia's sixth largest shopping centre, in late 2021.

They are planning two towers at 191 Rosamond Street, which takes up a whole corner block of 1.21 hectares&nbsp;within the defined Highpoint MAC area.

<img alt="Blue Earth" data-entity-type="file" data-entity-uuid="a103e17b-f7db-45c6-a1f9-08f3c2793d08" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-15%20at%2010.40.23%20am.png?VersionId=m6zUSA1LN8Spe_HtVm8EKT8N2UYM9FCl" />

CHT Architects have designed the two buildings, which will home a mix of residential, commercial, and retail spaces. There will be 622 apartments across both buildings, which have been designed to each access either a courtyard for ground level apartments, or a balcony, off the principal living areas.

The higher density tower, at 16 levels, will have 416 apartments. The smaller neighbouring tower will have 206 apartments, and two commercial spaces.

True to Blue Earth's high level of amenity across all of their apartment projects, residents will have access to a co-working space, wellness centre, gym, living and dining rooms, a theatre room, and a rec room.

Car parking will be available for 642 vehicles and there will be 695 bicycle spaces.

The Town Planning Report by Planning &amp; Property Partners noted a number of sustainable initiatives through the design process which will create a greener project.

<img alt="Blue Earth" data-entity-type="file" data-entity-uuid="33f14326-4f7f-4715-be33-bf050778fde7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-15%20at%2010.40.46%20am.png?VersionId=75CfttMZMW5lpbIVSLb9.nNJEnRFT16H" />

"The robust façade design to each of the two buildings and material palette, internal layouts and incorporation of operable windows promote natural ventilation to habitable areas, while maximising daylight to living areas of each of the dwellings through the site’s frontage and building separation provide," the report noted.

"This passive design features are intended to limit reliance on mechanical heating and cooling throughout the year, with pre-cast concrete the noted primary structural materiality for durability and thermal mass performance. High performance glazing to windows will ensure a reduction in thermal loads, which will be assisted by appropriate ratios of fenestration to façade areas of the development."

The 695 bicycle spaces greatly exceeds to statutory requirement, and the site's proximity to existing public infrastructure and serviced amenities&nbsp;aligned within the Highpoint MAC, which will only be enhanced in the future, and assist future residents and users in choosing alternative transport modes. The site has a walk score of 92 out of 100.

"The above mentioned design features and overall design response result in a building which displays an excellent ESD performance which is a feature attraction of the completed development; enhancing user comfort levels and reducing living costs over the lifetime of the building."

<img alt="Blue Earth" data-entity-type="file" data-entity-uuid="244f4bb1-1e83-4b5e-8c85-65556afb85ab" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-15%20at%2010.40.59%20am.png?VersionId=86pyH35EteeVEsWQZF07cSsPKt.OaaIn" />

Building 01 (above) was described as "irregularly shaped", with a streetwall&nbsp;effectively creating a podium/base in presenting to the existing public realm for the upper levels to then sit above. The established base of built form contains the on-site car parking.

Above the base, the upper levels erode the building’s north-eastern corner and continue to create a central void, creating a ‘U shaped’ building envelope in capturing northern light and maintaining a physical separation of around 25 metres from the eastern and western wings.

Building 02 (top), is separated by around 19 and 26 metres from Building 0.1. The two&nbsp;prominent streetwall elements to its south and north to act as ‘book-ends’ of the building to Rosamond Road and which are separated approximately 40 metres from each other on this frontage.

&nbsp;

The family-owned Blue Earth Group have a long track record of delivering apartment projects all across Melbourne.

They're currently selling Porter, in the inner-western suburb of&nbsp;Spotswood. Porter, which will offer both apartments and townhouses from its prime Birmingham Street location a stones throw from Spotswood Oval,&nbsp;will be part of a wider masterplanned precinct.

[smartcode_project:default project_id=112971 project_image_fid=198404]

Spotswood Yards was originally the Victorian Railway Workshops complex including the former Ways and Works Workshop. A railway line connecting Melbourne with Williamstown opened in 1859, passing through the area that became Spotswood.

<h2>Fast Facts</h2>

Site size: 1.12 hectares

Apartments: 622

Parking: 642

Bicycle Parking: 695

Building 01

<ul>
	<li>&nbsp;16 levels&nbsp;</li>
	<li>&nbsp;416 apartments</li>
	<li>&nbsp;154 one-bedroom apartments</li>
	<li>&nbsp;248 two-bedroom apartments</li>
	<li>&nbsp;14 three-bedroom apartments</li>
	<li>Open communal space with community garden, bowls court, barbecue areas, turfed areas</li>
	<li>Level four internal communal space for shared dining, living, and recreational activities.&nbsp;</li>
</ul>

Building 02

<ul>
	<li>14 levels</li>
	<li>Two commercial offices</li>
	<li>206 apartments</li>
	<li>96 one-bedroom apartments</li>
	<li>106 two-bedroom apartments</li>
	<li>Four three-bedroom apartments</li>
	<li>Level two communal open space</li>
</ul>

They are planning two towers at 191 Rosamond Street, which takes up a whole corner block of 1.21 hectares within the defined Highpoint MAC area

First look: Blue Earth Group seek VCAT approval for mixed-use Maribyrnong development

When Chapter Two and acquisition partner Kingbella Group secured a prime Palm Beach site in mid-2021, they wanted to develop something which would offer a point of difference in the sought-after Gold Coast enclave.

What they've produced is Callista, a striking collection of just four townhouses less than 200 metres from the beach.

“They are modern-day beach houses," Chapter Two Co-founder Jon Quayle says.

"They're the size of a home but the convenience of a villa."

[smartcode_project:default project_id=109032 project_image_fid=180870]

Quayle says when they were undertaking their due diligence and looking for development sites, they found that there were plenty of apartment projects to choose from in the area, but there was a lack of brand new townhouses.

“We’re seeing that buyers are spoiled for choice when it comes to apartments in Palm Beach within this price range, but not everyone wants to live in a three-bedroom apartment smaller than Callista that backs on to the highway and could potentially be built out down the track," Quayle says.

"Similarly, entry into a brand new house is unattainable for most in the area now, with recent sales on the same street as Callista exceeding $3 million while anything new build on the beach is upwards of $10 million. &nbsp;

"Callista has shone through and filled this gap in the market."

[smartcode_project:default project_id=109032 project_image_fid=180875]

For the last few years, Palm Beach has been one of the strongest housing markets on the Gold Coast, if not across the whole of Australia. The median house price increased 45 per cent between February 2021 to February 2023, with research showing many buyers are now looking to house alternatives for their next purchase.

CBRE sold three of Callista's four villas off the plan, but held back one of them to sell completed. Alroe Constructions have just finished the build.

The remaining villa has around 225 sqm of living space, with four-bedrooms, three-bathrooms, three separate living and entertainment zones, double lock-up garage and undercover storage for surf and paddle boards.

The villa is arguably the best, Quayle says. It occupies the prime north-eastern end of the block, giving it an abundance of natural light.

C2 Architecture worked in collaboration with Louise Walsh Interiors to craft Callista, a cool coastal vibe paired with modern touches. Think natural timber elements blended with curved stone, customised fluted joinery pieces and rippled glass in wet rooms. One of the most striking features is the nine-metre-high window void that flanks the open stairwell to maximise natural light.

[smartcode_project:default project_id=109032 project_image_fid=180865]

A key feature of Callista, which gives it the feeling of a home rather than a townhouse, is the interface with the street. Garages and driveways front the street, whereas typical townhouse projects are serviced by internal roads and driveway handles.

The majority of enquiries have come from owner-occupiers, Quayle says, adding that the buyers, who will move in soon, will be relocating from as close as Mermaid Waters and as far as London.

Chapter Two are working on another townhouse project in nearby Tugun.&nbsp;Alroe Constructions recently broke ground on their Eden project, a collection o five home-sized, park fronting villas located beachside of the highway.

[smartcode_project_cta:default project_id=109032]

CBRE sold three of the four villas off the plan, but held back one of them to sell completed. Alroe Constructions have just finished the build

"The modern day beach house": Callista Palm Beach finishes completion, with one opportunity left

Property developer Heworth are soon to launch Rozelle Village, their redevelopment of the former Balmain Leagues Club in Sydney's inner west.

The vibrant, mixed-use precinct, which will be centred around a new village square with a retail precinct and apartments above, is to be marketed through CBRE.

Heworth recently lodge amendments to the approved development application, seeking to reduce the number of apartments 167 to 147 and change the apartment mix, increasing the number of two bedroom and three bedroom apartments.

Heworth Head of Property, Chris Walsh, said the team amended the product mix to create larger units.

“Through our amendments, we are seeking to change the apartment mix increasing the number of two and three-bedroom apartments as we feel the larger size floor plates and premium interior architecture, fixtures and fittings, will appeal to discerning local owner-occupiers, particularly downsizers," Walsh said.

“A key focus of our development is a new village square and major retail and hospitality podium connected by a series of laneways.

"It’s going to significantly enhance Rozelle, provide new much-needed amenity and become a major community meeting place and destination.”

<img alt="Balmain" data-entity-type="file" data-entity-uuid="0d325b5a-0d90-437f-a4d1-33c67a350778" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-17%20at%2010.18.37%20am.png?VersionId=hm57wWi8CK_VGZe2i8Qx9TlmsKdw54jd" />

Given the rarity of the project in a location not often affiliated with new developments, apartments will feature never-before-seen panoramic views over Iron Cove in Sydney Harbour, the Sydney CBD to the north, and Blue Mountains to the west.

Construction is planned to commence in mid-2023, with completion due by early 2026.

Scott Carver Architects handled the architecture of Rozelle Village, working in collaboration with prominent interior architecture studio Richards Stanisich.

Scott Carver Principal Thomas Hansen says the&nbsp;Balmain Leagues Club redevelopment presents a unique opportunity to transform a historically significant site into a cultural and community&nbsp;focused&nbsp;place for residents and locals to live, work, and play.

"The project is a true mixed-use precinct comprising high-end residential&nbsp;apartments, a new&nbsp;Wests Ashfield Leagues Club, supermarket, commercial&nbsp;and community&nbsp;spaces, and a food and beverage precinct spilling onto a central public plaza that is connected to the sites three frontages of Victoria Road, Darling and Waterloo Streets via&nbsp;a network of laneways," Hansen says.

"The innovative public domain and retail offerings integrate a variety of uses that connect back to the Rozelle neighbourhood, giving residents the opportunity to live above active public spaces whilst also enjoying panoramic views over the Balmain Peninsula and Sydney Harbour.”

[smartcode_project_cta:default project_id=8142]

The vibrant, mixed-use precinct, which will be centred around a new village square with a retail precinct and apartments above, is to be marketed through CBRE

Rozelle Village, former Balmain Leagues Club redevelopment, set to launch

When Tallow Property Group set out to create Flora Burleigh, their new boutique townhouse development in the heart of Burleigh Heads, they wanted to bring the same level of expectation a buyer would have if they were buying, or even building, a brand new house.

Tallow Property Group Director James Thompson said they brought in some of the most well-known local talent in custom house design to create Flora.

"We engaged Jayson Pate, who designs award-winning homes and duplexes on the Gold Coast, to essentially bring the same approach he has with a luxury house build into a boutique development of six townhouses," Thompson said.

"We want our buyers to feel like they're buying a high-end custom home, just at a fraction of the price.

[smartcode_project:default project_id=112430 project_image_fid=210623]

Thompson, a born and bred Gold Coast local who was a former Director at Herron Todd White Property Valuer's and now runs leading Gold Coast buyers agency - BUYR, has over two decades of industry knowledge and experience which he brings to Tallow Property Group.

Thompson had the Instagram famous&nbsp;Zephyr &amp; Stone handle the project’s interior design.

"Zephyr and Stone have a distinct modern coastal style that perfectly matches the Burleigh Heads location and lifestyle. The selection of natural stone, oak timber flooring, brass tapware and timber cabinetry is timeless and creates a luxury yet understated aesthetic," Thompson says.

Each of Flora Burleigh's townhouses have three bedrooms, a multi-purpose room, two or three bathrooms, and a two-car garage. They start from $1,649,000 and offer 220 sqm of gross floor area.

Listening to buyer feedback, Tallow developed the designs with Jayson Pate, allowing for a lift for those buyers looking to future proof the home.&nbsp;Ditto a plunge pool in the courtyards, an additional option in the pet-friendly space.

Cunningham Constructions have been locked in to handle the build, with construction forecast for completion in mid-2024.

Tallow bought the Burleigh Street site in late 2021, their first project in Burleigh Heads but their second in the wider Burleigh area, and their sixth project to date.

[smartcode_project:default project_id=112430 project_image_fid=210621]

"We believe Burleigh is the best spot on the Gold Coast," Thompson says.

"It's the best location in terms of where locals want to be, not just interstate buyers, or just people looking to buy off the plan. Everyone wants to be in Burleigh in any capacity.

"There's a cohort of people who don't buy or live in Burleigh, but the area is so sought-after, even if you're visiting or living in Broadbeach or somewhere closer to Surfers, you're making your way down to Burleigh at some point to take advantage of the more relaxed beachside culture."

Tallow bought the Burleigh Street site for its prime location, a few hundred metres from the cafes, shops and restaurants on James Street.

[smartcode_project:default project_id=112430 project_image_fid=210436]

"It's a short three-minute walk to James Street and a seven-minute walk to the beach, allowing you to experience all that Burleigh village has to offer," Thompson says.

"Flora presents a rare opportunity to purchase a townhouse product under $2 million that is in the heart of Burleigh Heads. There's not going to be too many opportunities to be able to create something like we have at this price point."

[smartcode_project_cta:default project_id=112430]

Flora Burleigh: Bringing house level expectations into townhouse development

RPM Group has spent years at the forefront of Australian property development.

It was only natural they would expand its off the plan project marketing space into the inner ring of Melbourne and Geelong at some point, having dominated the house and land&nbsp;and townhouse&nbsp;space since 1994.&nbsp;

The growing&nbsp;team is being led by industry veteran Nic Cuni, who has held Director roles at both Colliers and CBRE.

“Our focus is on off the plan apartment and townhouse projects;&nbsp;we have already secured several projects in key areas and the team is growing as a result,” Cuni commented.&nbsp;&nbsp;

Cuni says the opening of the metro project marketing arm was an inevitable step for the established company, who has built an extensive Research, Data &amp; Insights division since its inception.&nbsp;

He says the aim is to use RPM’s industry-leading research capabilities to help developers launch successful projects.&nbsp;

"We're in a unique position where we can collaborate with our Research, Data &amp; Insights division, which is industry leading, to help developers from the outset of their project journey," Cuni says.&nbsp;

"We can get up to the minute data from our in-house research department, which includes but isn't limited to, pricing, demographic, and migration. &nbsp;Our data-driven approach means we’re best equipped to generate the right product, right pricing, and, most importantly, right time and strategy to launch."&nbsp;

They've certainly timed the launch of Early 3191 well; the new Rothelowman and Adele Bates designed townhouse development in Sandringham.&nbsp;

[smartcode_project:default project_id=138081 project_image_fid=209564]

The first venture for DM Property, headed by Brendan Mullan and David Dordevic, Early 3191 has already generated in excess of 500 leads.&nbsp;

There are just 35 townhouses on offer in the community.&nbsp;

"We worked with Brendan and David to identify a gap in the market and determine the type of product that would resonate with buyers in that location," Cuni says.&nbsp;

"There's not many townhouses, if any, which are priced below $2 million in one of Bayside's most premium suburbs."

[smartcode_project:default project_id=138081 project_image_fid=209566]&nbsp;

RPM is preparing to launch DM's next project, 129 apartments in Geelong, an area Cuni knows well.&nbsp;

Before joining RPM, Cuni all but sold out Franze Developments' Ryrie Home, a mixed-use hotel and apartment project in downtown Geelong.&nbsp;

Cuni expects to see a similar demographic buying into 1 York Street, which attracts a "Melbourne-style apartment buyer."&nbsp;

"Young professionals were the most prominent buyer demographic at Ryrie, the majority being female," Cuni says.&nbsp;

"They want a safe and secure apartment, but also want the food and beverage precinct that central Geelong has to offer, rather than some of the larger home estates being built further inland. Additionally, the median price in Geelong’s CBD and surrounding suburbs are exceeding their budget. Most buyers want the postcode without the price tag”&nbsp;

Cuni says they've got good collaborators on board for 1 York Street.&nbsp;

"Rothelowman is again handling the design of the project, which will have 129 apartments across a six-level building, as well as nine commercial tenancies.&nbsp;

"It will bring another central opportunity for buyers, with extensive amenity literally at their doorstep."&nbsp;

DM secured the massive 3,453 sqm site, opposite the Quest hotel, last year.&nbsp;

RPM Managing Director of Project Marketing, Luke Kelly says “the expansion of our Project Marketing Division into Metro Melbourne and Geelong made complete sense; our sophisticated and diversified approach to the sales and marketing of projects for our clients is what sets us apart from the traditional project marketers in these areas.”

Read more:&nbsp;<a href="/news/vic/rothelowman-designed-townhouses-early-3191-to-bring-something-new-to-sandringham">Rothelowman-designed townhouses Early 3191 to bring something new to Sandringham</a>

The first venture for DM Property, headed by Brendan Mullan and David Dordevic, Early 3191 has already generated in excess of 500 leads

RPM Group launches Metro Project Marketing division with $50m townhouse development in Sandringham, Early 3191

2022 was an uncertain year in the property industry, as aggressive interest rate hikes by the Reserve Bank saw sentiment drop drastically, along with prospective buyers' budgets.

But award-winning developer Pace Development Group pushed on with a number of projects, and they're commitment to launching in what many felt was a tricky period has paid off in spades.

Ash Bramich, Sales and Marketing Director at Pace, said that there’s no point waiting around for the market to correct itself and bottom. 
 
“As long as developers are confident their product matches extensive research on the expected buyer demographic, then you’ve got to take the opportunity to get it in front of those buyers,” Bramich told Urban.

"Buyer demand has still very much been there.

"If you’re delivering a product which is what consumers are looking for, in quality suburbs, then you’ll achieve sales.

"We launched two projects [The Darley on Flemington Racecourse and Pace 3058 - Coburg] despite the headwinds in the property market, and now we're in a position to begin construction."

[smartcode_project:default project_id=24822 project_image_fid=254342]

There’s also the case of the issues surrounding demand v supply. Because of the lack of product on the market, Bramich says that, despite consumer sentiment taking a hit, there were still considerably more buyers out there than what was on the market.

The 5,100 apartments launched for sale across Melbourne in 2022 was the lowest number of launches recorded over the past decade, almost -80 per cent lower than the peak levels during 2014 and 2015, analysis by consultancy firm Charter Keck Cramer found.

Also at decade lows was the total number of apartments which began construction in 2022. Just 5,200 apartments started construction, -77 per cent lower than the 2015 peak of 22,500 apartments.

By generating sales last year,&nbsp; Pace have now started construction on both their Flemington and Coburg projects, which allows the team to offer greater buyer confidence during the sales process.

"We can now communicate to buyers two things; a clear sign the project is going ahead with works already underway, and a more accurate completion date of the build."

The Darley, which will comprise 313 apartments and is over 60 per cent sold, is forecast to complete construction by early-2025. Pace 3058 - Coburg has sold over 60 per cent of its 312 apartments. That's expected to be completed by mid-2024.

<img alt="The Darley Pace" data-entity-type="file" data-entity-uuid="e0681786-d13f-45d2-92bb-133f0771e13a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-14%20at%201.58.21%20pm.png?VersionId=TutHEmqnKBTJVHs34RoCzYqdT12Mv1EE" />The Darley on Flemington Racecourse. Image supplied

Bramich says he's never seen a market with such contrarian views.

"There's a lot of cyclical factors that are quite contrary and conflicting at the moment," Bramich says.

"On one side of the coin, you've got the headline issues around consumer confidence, increasing rates, cost of construction and difficult to predict completion timelines. On the other side however, unemployment is at record lows, immigration is going up and is forecasted to soar, particularly in Melbourne, and there's huge undersupply of apartments which always drives prices up," Bramich says.

Melbourne's population is forecasted to grow by 89,000 people in FY 2023, around 105,000 in FY 2024, and 101,000 in FY 2025, according to Plan Melbourne 2017-2050.

Charter Keck Kramer found that around 13,500 apartments need to be built each year in Melbourne to support the population growth. There were just 6,300 apartments completed in 2022 in Metro Melbourne, across 94 projects.

Bramich says inevitably the lack of supply will drive prices higher over the short term, and that will become long term if construction doesn't meet the forecasted population growth.

While interest rates have pinched the budgets of young professionals and investors, Bramich is seeing high demand from the downsizer demographic.

"There's a huge cohort of owner-occupiers with little debt or no mortgage, who are still ready to execute if there's product that ticks their boxes," Bramich says.

That's the target market for their upcoming Fitzroy project, Fabbrica, which Bramich expects will lure those empty nesters wanting to move back to a more active area.

Pace have geared Fabbrica toward this demographic, with larger than standard floor plans on offer, as well as double garage, large balconies, and high ceilings.&nbsp;

The&nbsp;one-bedroom apartments range from 52 sqm to 65 sqm, while two-bedroom&nbsp;apartments start from around 90 sqm and go up to 120 sqm. The three-beds range from&nbsp;130 sqm to 250 sqm.

SJB Architects will restore the current buildings on the corner of Johnston and Gore streets, which were selling for the first time in five decades when Pace snapped up the site. In keeping with the signature streetscape of Fitzroy, the facades will be restored to their original brick finish.

"We've already been seeing a lot of enquiry from those blue ribbon suburbs like Armadale, Kew, Malvern, the suburbs which are more geared to grand family homes.

"For these buyers, their kids have headed off to university or are now young professionals, and they can cash out their homes for anywhere between $4 million and $10 million, and are wanting to spend between $3 million and $5 million on an apartment in a 'cooler' suburb.

"They want to immerse themselves in a suburb which is more reflective of culture, with arts, cafes, and local restaurants."

Bramich says Fitzroy and Collingwood are probably two of the strongest suburbs to sell projects in.

"Buyers want heritage facades, light industrial features, tree lined streets, all of the characteristics Fitzroy and Collingwood are well known for. Most importantly it’s about being back in the buzz of a suburb they’ve not lived in since their 20s or 30s.

"There's a cohort of people who don't need to be sold on the area, they're simply just waiting for the appropriate product."

Expecting a big year in the markets, Pace also have 90 apartments soon to launch in Sunshine North, part of their riverside and lakeside masterplan where there's limited townhouses remaining. Bramich says the apartments will be more geared toward the first home buyer demographic.

Toward the end of the year Pace will launch Pace Brunswick, around 90 apartments fronting the popular Lygon Street, next to Methven Park. That will have one, two, and three-bedroom apartments.

Always looking forward, Pace are currently working with the Frankston City Council on their proposed plans down on the Mornington Peninsula&nbsp;located beachside of the Nepean Highway.

They're wanting to create a mixed-use residential and lifestyle precinct, bringing a high-level of retail and dining experiences to the suburb, set underneath around 200 apartments. Pace always put a large focus on amenity. They have plans for a 25 metre rooftop pool with sweeping views across Port Phillip&nbsp;Bay, a cinema, and a&nbsp;health and wellness area.

Ash Bramich, Sales and Marketing Director at Pace, said that there’s no point waiting around for the market to correct itself and bottom.


Pace take advantage of demand v supply in 2022 and kick off construction in Flemington and Coburg

Billionaire John Van Lieshout's Unison Projects has secured a residential development site in Herston.

They've spent $6.88 million on a 2,023 sqm site across&nbsp;51-53 Bramston Terrace and 7 Weightman Street.

Shannon Down of Unison Projects said there was limited zoned land in Herston able to be secured for development.

“With Herston only a small suburb located 2km from the Brisbane CBD, we recognised the unique opportunity presented to secure, a rare, over 2000sqm corner site that has Council planning support for apartments,” Down said.

“Herston has more recently been devoid of good quality new apartments, this site is the second holding Unison has secured, and represents a unique opportunity to design and deliver a landscape rich high-quality apartment project designed by Ellivo Architects and WILDStudios.

“We foresee a high level of interest from purchasers who seek large liveable apartments within boutique scale projects that have a high level of local amenity."

This project is within walking distance of King Street and James Street lifestyle centres, while also being in close proximity to public transport offerings such as the Inner Northern Busway and Brisbane Metro, which is due to be completed and operational this year.

<img alt="Herston" data-entity-type="file" data-entity-uuid="4f250faa-6395-4d7b-823c-a80e2bc6c070" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-14%20at%2012.27.28%20pm_0.png?VersionId=uJ6mcM7hc4PKcesD.aOmhVd3qS_e3zaE" />

Unison are set to work on the new site after they've delivered their near Herston project on Fleming Road, where they're developing 22 four-bedroom terrace homes.

Colliers Queensland Executive of Residential Site Sales James Matley said the site was&nbsp;the second property Unison Projects has purchased in the Herston precinct in the last few years.

“This not only demonstrates the strength of the Brisbane market but is testament to the strength of the growing demand for development sites in the Herston area given significant incoming projects like the Victoria Park and Herston Quarter redevelopments," Matley says.

<img alt="Herston" data-entity-type="file" data-entity-uuid="43c42969-24e9-487f-98dc-589fece947de" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-14%20at%2012.27.21%20pm_0.png?VersionId=HBEuVmwK57T5jxLbDGLBY3GfZKJ5A0ep" />

Colliers Queensland Director of Development Sites Adam Rubie said this site presented an excellent opportunity for interested parties to deliver a high-end project.

“We are confident that Unison Projects will be able to take full advantage of the location and potential of the site,” Rubie said.

“During the campaign, well-known property developers were not only attracted to the underlying planning opportunity, but the site sits on one of the highest north facing ridges in Herston.

“It immediately adjoins the Royal Brisbane and Women’s Hospital and $1.1 billion Herston Quarter Redevelopment. It also neighbours the 1938 built and now heritage listed Dental Hospital and College and is about 400 metres from the master planned 45Ha $83 million Victoria Park redevelopment project, due to commence in the coming years.

“In addition, this site is also close to the community centric Brisbane Showgrounds redevelopment and lifestyle destination incorporating wellness, retail and cultural spaces,” Rubie added.

Shannon Down of Unison Projects said there was limited zoned land in Herston able to be secured for development

Unison secure residential development site in Brisbane's Herston

St Kilda Road has long held some of Melbourne's most iconic residential buildings, going back to the early 1990s when The Domain sold out off the plan.

Now it's one of the strip's most notable buildings.

St Kilda Rd was previously lined with offices in the 1960s and 1970s, which were built after grand mansions were demolished. The conversion into residential developments started at the northern end of the long street, closer to the city.

The most sought-after spot nowadays is the small pocket directly across the road from Albert Park Lake. That's what developer Sunnyland Investment Development Group (SIDG) banked on back in 2010, when they bought the well-known Clemenger BBDO building.

For over a decade the five-level office block at 474 St Kilda Road has been an investment for SIDG. But timing the imminent departure of the Clemenger team to the refurbished David Jones menswear building in Bourke Street Mall, SIDG has revealed their plan for the 4,645 sqm site.

They've just launched&nbsp;Park Quarter, a striking, flora-laden tower designed by a trio of Melbourne's best architects and designers.

[smartcode_project:default project_id=134959 project_image_fid=210773]

Sunnyland has been working alongside Colliers Victoria for a number of years, putting together the plans and the sales and marketing strategy. They were almost ready to pull the trigger, before COVID hit. They hit the pause button, and waited for the right time to launch, which they believe is now.

Colliers Director Zoe Powell says Park Quarter offers a rare opportunity in one of Melbourne's best locations.

"There's not been a lot of new development on St Kilda Road in the last few years. There's limited opportunity to buy brand new, certainly in this pocket across the road from Albert Park," Powell says.

"SIDG has brought on a quartet of Melbourne's best design team to create Park Quarter, and the end result is something completely different to what St Kilda Road has seen before."

[smartcode_project:default project_id=134959 project_image_fid=210783]

Cox Architecture, DKO, Carr and Paul Bangay all collaborated on the design, which was inspired by the nearby Fawkner Park. Park Quarter has a Walk Score of 88 and a Transit Score of 92. The new Metro Tunnel will further improve the Transit Score. The Anzac Station will be located on the&nbsp;St Kilda Road/Swanston Street tram corridor,&nbsp;the busiest tram corridor in the world.

Powell is already fielding enquiry from a wide buyer demographic, particularly from owner-occupiers either trading up or downsizing.

The timing of the launch has coincided with the current supply issues in Melbourne, which, in turn, is having a material impact on the rental market.

"The supply issues and rental crisis means you have two more prominent buyer camps on top of what we usually see," Powell says.

"You have investors who are eyeing stronger rental returns than they've probably ever seen, and you've got first home buyers and local renters who are speeding up their saving and purchasing timelines as they don't want to rent anymore.

[smartcode_project:default project_id=134959 project_image_fid=210774]

"There are a lot of renters who live locally and will be looking at Park Quarter as their first home."

Park Quarter apartments start at $495,000 for the one-bedroom apartments, which start from a generous 66 sqm. Two-bed apartments start from $985,000 and three-bedrooms from $1,677,000.

There are 244 apartments on offer in total, which are located from levels six up to level 16. Levels 17 and 18 will home four exclusive penthouses, each with their own private rooftop terrace with a pool and spa.

The apartments will sit atop a Marriott Executive Apartment, one of the first in Australia.

[smartcode_project:default project_id=134959 project_image_fid=210777]

Residents of Park Quarter can have access to all of the hotel amenity through a club membership subscription, but they'll also have their own amenity. They will have everything from a 24/7 concierge, a pool, gym, and co-working spaces, to a theatre room and a golf simulator, plus pet wash room, mud room equipped with high pressure wash machine, and smart parcel lockers.

Residents of Park Quarter will have access to all of the hotel amenity, but they'll also have their own amenity. They will have everything from a pool, gym, and co-working spaces, to a theatre room and a golf simulator.&nbsp;

Powell says the fact SIDG have had the site for so long is a huge tick for the project.

"SIDG bought the site when we were living in a different world," Powell says.

"The site doesn't owe them anything, so they can have a very different approach to other developers. We have a string of developers who are ready to purchase sites for their next projects, but it's a tricky time to get everything aligned, from the cost of the land to construction timelines and&nbsp;

[smartcode_project_cta:default project_id=134959]

Park Quarter launches on Melbourne's sought-after St Kilda Rd precinct

Palm Beach, the small coastal enclave at the south end of the Gold Coast, is starting to fire up again.

One of the most popular spots on the Gold Coast during COVID, off the plan apartment projects were snapped up in months, some not even hitting the open market.

There was a lull where buyers were waiting for the next project to hit the market. The latest is Elevaire, a 40-apartment project by experienced Queensland developer Paul Spina, which has already gathered significant interest from both Brisbane and Victorian buyers.

The nine-level tower, development approved, has been designed by Cottee Parker and will have a mix of one, two and three-bedroom apartments starting from $715,000.

[smartcode_project:default project_id=112941 project_image_fid=210513]

There will be a ground floor, wellness-centred recreational space, with hot and cold magnesium pools, an open beach shower, sauna and day beds.

CBRE Senior Director of Residential Projects Nicholas Clydsdale said he received 250 enquiries from prospective purchasers in just one-and-a-half weeks following Elevaire’s invitation only launch.

“That is a huge response and indicates that Palm Beach is still a blue-ribbon area where buyers are scrambling to secure a new apartment on the beach side of the highway,” Clydsdale said.

“Elevaire’s allure builds on its spacious layouts and premium finishes with expansive ocean and district views in addition to its prime location, just 50 metres from the beach.

[smartcode_project:default project_id=112941 project_image_fid=210512]

“Properties available in Palm Beach on the beachfront are predominately houses priced from $5 million to $10 million-plus or multi-million-dollar apartments, meaning Elevaire’s great attraction is it can match the local amenity of these properties, with a much more attractive list price – from $715,000.

“The three-bedroom residences are priced from $1.6 million, which is outstanding value for this location.”

Clydsdale said much of the interest has come from local Gold Coast residents, Brisbane and Victorian buyers.

“The Brisbane buyers are looking for an apartment on the Gold Coast they can lock and leave when they are down here and Victorian families are largely looking for a holiday home or seeking to relocate to the Gold Coast while the locals already know and love the area,” he said.

Paul Spina, Development Director of Evoke Property Group who has undertaken numerous development projects in southeast Queensland, said the design of Elevaire was crafted to blend with the Palm Beach environment, while providing a choice for buyers who couldn’t get into the upper end of the luxury market.

[smartcode_project:default project_id=112941 project_image_fid=210514]

“Evoke Property Group is really proud of what we’ve achieved with Elevaire,” Spina said.

“With the wellness centre we’ve included hot and cold magnesium pools to complement the beach, as we felt creating a space for people to recharge was more important than fitting in a lap pool. Besides, Palm Beach itself offers ample swimming opportunities.

“The property is wide and deep which enabled us to offer varying apartment types, sizes, views and aspects for residences, which as a result offers a range of price points to the community. Cottee Parker Architects also ensured the introduction of an internal breezeway running through the property, providing natural light and ocean breezes both inside and outside the apartments.”

Elevaire secured development approval late last year. Construction by&nbsp;Stokes Wheeler is due to start mid-May.

The nine-level tower, development approved, has been designed by Cottee Parker and will have a mix of one, two and three-bedroom apartments starting from $715,000

Brisbane and Victorian buyers swoop at Elevaire, Palm Beach apartment launch

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

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

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

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

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

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

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

ALTA Property to deliver $200 million Queens Road apartment tower

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

Joel Robinson

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