Potts Point's historic Bayswater Road, lined with Victorian terraces and once a bustling nightlife scene, is set for a facelift.

Hamptons Property Services have filed an application to redevelop four sites between 28-38 Bayswater Road, currently home to a mix of residential and commercial spaces.

Vince Squillace, of the Surry Hills architectural and interior design practice Squlliace, handled the designs of the $20 million project, which will incorporate 22 apartments above extensive food and beverage spaces, and a handful of terraces.

"The vision for the site is to develop it into a mixed-use building with commercial activation to all three streets with residential apartments above," the design report put together by Squillace read.

"The existing terraces are to be retained and modified into single level residential units while the rest of the site will be redeveloped to enhance the residential offering to the precinct of Potts Point, due to its prime location in terms of access to local shops, entertainment, services and public.

<img alt="Bayswater Potts Point" data-entity-type="file" data-entity-uuid="c4fbec88-ed24-4237-93ee-eb49d52d0ef4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-09%20at%201.50.28%20pm.png?VersionId=WIXtb3sYBzyD9TYPZzvbJYM_H2N.Cpca" /> 
The proposed design by Squillace. Image credit: Squillace

"The design approach is to break down the building forms into a series of vertical elements which draws inspiration from the verticality, scale, mass, and materiality of the architecture in the local area."

The apartments will focus around a central communal garden which will dissect the building. Further communal space will be located on the roof, where there will be a small pool and pool deck.

There will be a mix of one-bedroom apartments, with a study, and two

There will be plenty of heritage headaches before the project gets the green light.

28-30 Bayswater Road is a pair of mid-Victorian period terraces which are heritage listed. Thai Rock occupies the ground level. Next door, 32-34 Bayswater Road, is another two mid-Victorian terraces, which are considered to have heritage significance. Popular bar Eros currently occupies the ground level, while the upper level are commercial spaces.

<img alt="Bayswater Potts Point" data-entity-type="file" data-entity-uuid="385774e2-f4f9-475e-b94b-ce25fdd94eda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-09%20at%201.42.54%20pm.png?VersionId=XbQr56T0oUhudOJ_NEcwSvGdRqSii.N6" /> 
A recent image of 28-30 Bayswater Road

36-38 Bayswater Road is a four-storey building on the corner of Ward Ave and Bayswater Road. Its current use is commercial premises. All subject properties are located within the Heritage Conservation Area as specified in the LEP.

The design report said the&nbsp;alterations and additions to the Bayswater Road terraces will restore the buildings to be more consistent with their original design.

The design for the new apartments takes inspiration from the proportions and materiality of the existing brick buildings common throughout Potts Point," the report added.

"The new development has been designed in such a way to accentuate the verticality and reduce the visual bulk of the development.

<img alt="Bayswater Potts Point" data-entity-type="file" data-entity-uuid="5b20df09-c01b-4823-9eb7-f18b81e8d395" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-09%20at%201.42.48%20pm.png?VersionId=iQMJKfHRWTOIvaZ.wLVNcMAzbRcs5252" /> 
The original Bayswater Terraces

"A variety of different brick colours along with a series of different painted materials has enabled the development to present a much smaller scale to the urban context."

Potts Point, one of the most expensive apartment markets in Australia, has been subject to a number of new apartment development applications in recent months.

Melbourne developer Time &amp; Place recently submitted long awaited plans for their redevelopment of The Chimes apartment building on Macleay Street.

The Macleay Street block dates back to the mid-20th century when it was designed by Hugo Stossel, a modestly well-known post-War émigré architect who designed a number of similar residential apartment buildings in Sydney’s inner eastern suburbs.

They're planning a brand new building designed by SJB, with a mix of one, two and three-bedroom apartments.

<a href="/news/nsw/exclusive-first-look-time-place-lodge-potts-point-apartment-plans">Read more:&nbsp;Exclusive first look: Time &amp; Place lodge Potts Point apartment plans</a>

&nbsp;

<img alt="The Chimes" data-entity-type="file" data-entity-uuid="5bdee8a5-e2f6-46b3-bbab-f8c2ccfff93c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-10%20at%201.00.27%20pm.png?VersionId=GyhFIkj7L_d2rKYR54.LYSnN0j7Siw8g" />

Third.i and Toohey Miller submitted plans for a a new part six, part seven-level block with just 14 apartments.

There was community objection, given its location at&nbsp;30A-34 Brougham Street was to block out the view from The Butler, a Potts Point institution for a number of years.

The joint venture partners recently filed an appeal to the NSW Land and Environment Court after the City of Sydney's council&nbsp;and planning committees failed to make a determination.

<a href="/news/nsw/first-look-third-i-and-toohey-miller-plot-22-million-new-apartment-project-in-potts-point">Read more:&nbsp;First look: Third.i and Toohey Miller plot $22 million new apartment project in Potts Point</a>

&nbsp;

Hamptons Property Services have filed an application to redevelop four sites between 28-38 Bayswater Road, currently home to a mix of residential and commercial spaces

Joel Robinson

First look: Potts Point's Bayswater Road terraces to be reinvigorated with new $20 million mixed-use plans

Apartment developer Kokoda Property has doubled down on Milton, the sought-after, inner-suburb of Brisbane.

Having recently completed The Ambrose, Kokoda has secured a prime 1,640 sqm block at 12-16 Crombie Street, where they plan to develop a 22-level tower.

They paid around $11 million for the site.

Around 160 apartments will be spread across the building, with a rooftop pool, private dining room, and a health and wellness space with a gym.

Cottee Parker, who designed The Ambrose, have again been commissioned to draw up the plans for the new building.

<img alt="Kokoda Milton" data-entity-type="file" data-entity-uuid="d455a300-0257-414b-8e23-ce95697e076f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-08%20at%202.47.53%20pm.png?VersionId=TATPPwZCtX0b2Xwy4G7o558jy9jpKfom" />

The project will have a total value of around $160 million and will further add to Kokoda’s $2.5 billion pipeline of projects across both Queensland and Victoria, inclusive of 1,600 apartments under development.&nbsp;

A strong believer in Brisbane, Kokoda Property Founder and Managing Director Mark Stevens said all indicators point towards a robust market.&nbsp;

“Brisbane is a market primed for growth and Kokoda is excited to be playing a leading role with the announcement of another first-class development, in a sublime location," Stevens said.

“Brisbane is rapidly transforming into a new world city; its culture, business centre, technology, and lifestyle is evolving with over $40 billion of infrastructure investment planned, so naturally there is a shift occurring with demand now skewed towards sophistication and luxury residential design."

Since launching in early 2021, The Ambrose is over 98 per cent sold, with the four remaining penthouses due to tip the project to a sell-out once they hit the market.&nbsp;

[smartcode_project:default project_id=6313 project_image_fid=208659]

“Kokoda’s heritage lies in high-end luxury so this narrative carries through our brand into all our projects," Stevens added.

"Continuing this history is extremely important to us as this high-grade offering lies at the core of the company’s value proposition. We engage the best architects and interior designers from around the world to ensure that we are market-leading and cutting-edge.

“High-end developments with a design-led approach are contributing towards this transformation so we are proud to be actively developing in what is one of the most exciting times in Brisbane’s modern history.”

Kokoda will start taking expressions of interest for the new project later this month.

Around 160 apartments will be spread across the building, with a rooftop pool, private dining room, and a health and wellness space with a gym

Kokoda secure prime Milton site for Cottee Parker-designed apartment tower

Seldom does an opportunity come around to live in a penthouse designed by one of Australia's most renowned architecture firms.

Even rarer is it that you can design the floorplan yourself.

That's what Sekisui&nbsp;House&nbsp;Australia is offering atop the Uno building,&nbsp;one of the two vertical communities in The Allere Collection, part of their award-winning West End masterplan, West Village.

Rothelowman, in collaboration with Sekisui House Australia’s development team, have shared a sneak peek of just one of the custom floorplan layouts, which spreads across the whole of Uno's 19th level.&nbsp;

It spans a massive 650 sqm of internal floor space,&nbsp;as well&nbsp;as featuring seven balconies to take in the sweeping 360 degree views.&nbsp;

The floorplan incorporates four bedrooms, three in the guest wing and one master suite set privately on the other side of the apartment. The master will have its own sauna, spa, sitting room, and balcony. The bedrooms in the guest wing, each with their own ensuites and walk-in wardrobes, have a shared rumpus room. They sit the other side of a home gym and treatment room.

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&nbsp;

The primary living space, which is separated from the kitchen and dining area with a&nbsp;central fireplace,&nbsp;is located on the south-east corner of the penthouse, so it takes in views of both Roma St Parklands and the Brisbane River, as well as the city skyline.

The kitchen, with two butler's pantries and full width island bench, has its own balcony. The largest balcony is off the living area, and that's equipped with a full outdoor barbecue and alfresco dining space.

Completing the penthouse, between the living area and the master suite, is a room pitched as a bar with a wine cellar, complete with, you guessed it, another balcony.

Through the foyer and past the private lift entry is a library space, and a home office.

The unique prospect Sekisui is offering is that any room can be anything.

<a data-entity-type="file" data-entity-uuid="7a229982-c30b-4df1-a84f-a7b5dd18d5f4" href="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-08%20at%208.47.27%20am.png?VersionId=dBjm8yJcbG18NN0PfCQ6AVWRXbpwoWcn"><img alt="Sekisui penthouse" data-entity-type="file" data-entity-uuid="7a229982-c30b-4df1-a84f-a7b5dd18d5f4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-08%20at%208.47.27%20am.png?VersionId=dBjm8yJcbG18NN0PfCQ6AVWRXbpwoWcn" /></a>

Colette Chester, Chief Sales Officer for West Village, says the penthouse is a proposition rarely ever seen in the Brisbane apartment market.

“We’re in a very fortunate position to be able to offer purchasers the chance to redesign this penthouse level to suit their bespoke needs," Chester says.

"It’s very rare and exciting to be able to offer personal appointments with the architects to create the specific plan purchasers have always wanted, with customisable premium finishes.”

‘Should a buyer want to work with Rothelowman, they can make the most of the sweeping views across every part of the city, from the CBD skyline, the Brisbane River, to Roma St Parklands, and as far as Mt Cootha.

[smartcode_project:default project_id=114215 project_image_fid=204872]

Topping the UNO tower is a luxury infinity pool (pictured main) with views similar to the penthouse. Residents will also have access to the swimming pool crowning DUO.

There's plenty of confidence in The Allere Collection, with construction powering ahead and over 75 per cent of residences now sold.

One of the five-bedroom penthouses made headlines earlier this year when it sold for $7,016,000, a record for West End.

Since kicking off the development of West Village seven years ago, on the site of the landmark Peter's Ice Cream factory, the $1.2 billion village has&nbsp;won more than 50 awards, the most recent being the&nbsp;internationally renowned 2022 ULI APAC Award for Excellence.

Last October, Sekisui House Australia submitted plans for the eighth and final residential offering in West Village.&nbsp;Dubbed Callista on Park, the residences will have just 74 apartments, with the majority being three and four-bedroom configurations, with a small handful of spectacular penthouses.

For private VIP appointments, contact Colette Chester at&nbsp;1300 985 465 or&nbsp;<a href="mailto:sales@westvillage.com.au" target="_blank">sales@westvillage.com.au</a>

[smartcode_project_cta:default project_id=114215]

The national architecture firm Rothelowman, led locally by Duncan Betts, have put together a mock floorplan for the whole of level 19 in the tower

Sekisui to offer ultimate tailored, Rothelowman-designed penthouse in West Village

The Melbourne unit market looks like it's following the upward swing in capital city property prices across the country.

The unit market, which incorporates apartments and townhouses, contracted -0.2 per cent over February, but that followed steep -1.1 per cent declines in January and -0.8 per cent in December.

Melbourne's unit market is now -2 per cent down so far in 2023, and 5.7 per cent over the last 12 months, the third worst performing capital city unit market behind Hobart (-10.1 per cent) and Sydney (-10 per cent).

The unit market in the Victorian capital has considerably outperformed the housing market over the last year. That's down -11.2 per cent, nearly double the unit market, after further -0.5 per cent declines over February.

Projects by Buxton Director Heath Thompson says the February rate increase has resulted in poor market sentiment from buyers, as well as decreased volume of enquiry.

"What was even more impactful was the commentary from the RBA around the rate announcement, suggesting multiple interest rates are likely to follow in the coming months," Thompson says.

[smartcode_project:default project_id=5495 project_image_fid=210547]

There are some factors however which are pointing to a positive outlook, Thompson suggests.

"The market fundamentals have some blue sky on the supply and demand equation.

"Rents are increasing at speeds not seen in recent memory and new dwelling approvals are the lowest since 2012. New construction starts are showing even less supply is coming to the market.

"On the demand side, we see buyers with very little choice for established or new property, increasing immigration and significant lack of rental property to service growing demand."

According to data from Charter Keck Cramer,&nbsp;there were a total of 5,100 apartments launched to the market in 2022, the lowest number of launches recorded over the past decade and was almost -80 per cent lower than the peak levels during 2014 and 2015.

[smartcode_project:default project_id=112375 project_image_fid=204410]

"In “normal markets” these conditions would see price rises which is what I’m expecting in the next 12-18 months, allowing more projects to absorb constructions costs and we will likely see a rapid rise in new development approvals and construction starts."

Thompson believes the bottom of the market can't be far off.

"The question we often get asked is “when is the market going to bottom out?” I don’t know the answer to that however, it can’t be far off and I do know that new projects will have to rise in value to become feasible.

"Rises in value are inevitable, its just a matter of when."

The median unit value in Melbourne is now $585,000, down from $626,000 this time last year.

CoreLogic's national index declined -0.14 per cent over February 2023, the smallest monthly fall since May 2022 (-0.13 per cent), when rate hikes commenced.&nbsp;

CoreLogic’s research director, Tim Lawless, said the stabilisation in housing values over the month coincides with consistently low advertised supply levels and a rise in auction clearance rates.

“The past four weeks have seen the flow of new capital city listings tracking -17.0% lower than a year ago and -11.9% below the previous five-year average,” Lawless said.

“This trend towards a below average flow of new listings has been evident since September last year, coinciding with a loss of momentum in the rate of value decline.”

[smartcode_project:default project_id=108897 project_image_fid=180973]

“The past four weeks have seen the flow of new capital city listings tracking -17 per cent lower than a year ago and -11.9 per cent below the previous five-year average,” Lawless added.

“This trend towards a below average flow of new listings has been evident since September last year, coinciding with a loss of momentum in the rate of value decline.”

Lawless however suggested the recent stronger results don't necessarily indicate the market has bottomed.

“Considering the RBA’s move to a more hawkish stance at the February board meeting, along with an expectation for a weaker economic&nbsp; performance and a loosening in labour markets, there is a good chance this reprieve in the housing downturn could be short-lived,” Lawless said.

“We also have the fixed-rate cliff ahead of us; arguably the full impact of the aggressive rate hiking cycle is yet to play out.”

Melbourne's unit market is now -2 per cent down so far in 2023, and 5.7 per cent over the last 12 months

City Beat: Melbourne unit market insights for February

The redevelopment of the Sydney CBD landmark City Tattersall Club has taken a step closer, with Richard Crookes Constructions appointed to handle the build.

Joint venture partners, Singapore-listed First Sponsor and the Melbourne-based ICD Property, secured development approval for the project at 194-204 Pitt Street in November 2021, which will involve the majority of the building making way for a new 50-level tower with 241 apartments and high-end hotel with around 110 rooms.

The heritage ground floor area will remain, but will undergo major upgrades.

Richard Crookes Constructions will work alongside project architects fjmt and BVN Architecture to deliver the guest rooms and residences that pay homage to the site’s heritage significance.

<img alt="City Tatts" data-entity-type="file" data-entity-uuid="c295e848-f856-4a81-a8e4-255e6dbba63b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-01%20at%202.33.38%20pm.png?VersionId=VeNkO1StJIwITfVB.dpHgpU_Xmra.cYJ" />

“Richard Crookes’ robust standing within Sydney’s construction landscape coupled with their proven track record of delivering award-winning, luxury residential and mixed-use projects make them a perfect fit to deliver this unique project,” ICD Property CEO Matt Khoo said.“This is a major milestone for everyone involved, and one that will have an everlasting impact on the future residents, neighbouring community, and wider city of Sydney.

"We couldn’t be prouder to be&nbsp;partnering with the Richard Crookes team on this city defining project and look forward to delving deeper into conversations regarding innovative construction methodology, particularly those concerned with improving efficiency and reducing our carbon footprint which are values that we felt were in close alignment between us and Richard Crookes.”

Richard Crookes Constructions are currently undertaking the redevelopment of the landmark building Sirius in The Rocks. In 2021 they completed the Opera Residences,which recently received an honourable mention at the 2022 International Architecture Awards by the Chicago Athenaeum.

<img alt="City Tatts" data-entity-type="file" data-entity-uuid="e2ea24d4-337a-49a7-a75a-002175f73d32" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-01%20at%202.33.43%20pm.png?VersionId=6SdlsVwyhFyGYMUxoI_F1HD._Wh33iih" />

First Sponsor’s Group CEO Neo Teck Pheng said the City Tattersalls Club redevelopment has advanced from strength to strength despite market conditions.

Located directly in the heart of Pitt Street, near Westfield’s entertainment, dining, and shopping precinct, as well as Hyde Park, these residences will offer it all - connection, amenities, location, uninterrupted water views.

"We left no stone unturned during the design of these residences, wanting them to join the ranks of the world’s most highly regarded homes," Pheng added.

The project is expected to support more than 1,600 jobs during construction and create significant long-term economic benefits once completed.

Richard Crookes Constructions will work alongside project architects fjmt and BVN Architecture to deliver the guest rooms and residences that pay homage to the site’s heritage significance

Builder appointed for $400 million City Tattersall Club redevelopment, Sydney House

Luxury developer Tim Gurner and his wife Aimee have listed their luxury two-level apartment at GURNER's&nbsp;Saint Moritz project in St Kilda.

The two-level, 500 sqm apartment has four bedrooms, five bathrooms, a six-car garage, and is one of just 20 apartments in St Moritz that features floor-to-ceiling water views and private lift access.

The Gurner's retained the apartment when the project, designed by Fender Katsalidis, Koichi Takada, and interior designer David Hicks, was first launched.

<img alt="Saint Moritz" data-entity-type="file" data-entity-uuid="35ec3cce-2c1d-4246-9e8d-be382cfc47e2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-03%20at%201.59.50%20pm.png?VersionId=obEPjndb3_8K4TQpxHfsy26fHAhg6aRN" />

The interiors have been completely customised and designed personally by Tim and Aimee, who is an interior designer, in consultation with the GURNERTM design team.

Entry is through a marble-clad lift lobby, which meets a six-metre double-height void in the kitchen, living and dining zones to maximise the water views.

Over $500,000 worth of Italian stone and marble including Calacatta Gold, Nero Marquina and Travertine frame the interiors from the custom kitchen island through to the custom-designed cabinetry and joinery.

<img alt="Gurner" data-entity-type="file" data-entity-uuid="837d7271-7778-4fbd-bfb9-e044360b10e3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-03%20at%202.00.03%20pm.png?VersionId=Z3XOgZnRPd8CIN1iAcAp2yvhzH2D3ZiG" />

The kitchen features an almost five-metre long island, and a concealed butler’s kitchen.

The second living and entertaining space showcases a bespoke billiards table complete with custom finishes and design detailing, while the secluded games lounge is equipped with a kitchenette featuring integrated Liebherr and Vintec refrigeration.

A curved custom-designed helical staircase leads to the second level,&nbsp;finished in polished plaster with a custom brass floating handrail and feature LED lighting. The staircase cost $500,000 to install.

The master suite occupies almost the entire top floor, complete with a custom $120,000 sauna in the grand ensuite, an expansive walk-in robe, separate study and stunning private living retreat with an open fireplace to soak up the bay views.

<img alt="Saint Moritz" data-entity-type="file" data-entity-uuid="26df2d7a-6e78-4098-95ed-4c13ad8151b9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-03%20at%202.00.11%20pm.png?VersionId=6RFAP1M83c2mIuwpOufBJUx2TtMAt6HD" />

"When we launched Saint Moritz, we set out to create something that simply did not yet exist in the market, something that had no comparable sales or properties, something that was only emulated in five star resorts in places like New York, Miami or London," Tim Gurner says.

“We took inspiration from around the globe and then pushed it even further with the on-site amenity and dedication to wellness at Samsara. The result is like having your own private-day spa retreat downstairs.

“These unique and truly incomparable elements led to the insatiable demand when Saint Moritz first went to market.

“My wife Aimee and I worked closely with our GURNER design team to create a residence that represents the most luxurious elements of modern life, while taking the Saint Moritz experience to another level yet again.

“Wellness is such a pivotal pillar of my life which is why we wanted to complement the amenities of Samsara downstairs with the residence’s own private wellness features. The benefits of infra-red saunas are incredible and I incorporate the practice into my own daily routine, so we included the custom sauna to the master suite upstairs.

“After living through COVID, we as a community have turned to more intimate dining and entertaining with friends so the custom bar, games lounge and billiards table make the most of this incredible residence – why go out when the new owner can entertain guests at home while Port Phillip Bay shimmers in the foreground.

“My favourite element of the residence has to be the incredibly rare and sought after double height living and dining space that open up to the incredible bay and water views, which offer a front row seat to some of the most breathtaking sunsets I have ever seen.

“Due to the investment into quality, rarity, luxury and the lived experience in both this residence and Saint Moritz, we are expecting interest from both local and international buyers,” Gurner said.

Within the home is an exclusive selection of furniture, handpicked by Tim and Aimee, from luxury overseas brands including B&amp;B ITALIA, MAXALTO and Louis Poulsen, complemented by bespoke pieces locally produced by Australian artisans and manufacturers.

The furniture is worth a combined total of over $500,000 and is available for select buyers.

Full inclusions and custom design elements include: 
 
• Three bio-ethanol fireplaces clad in feature stone (living/dining, games bar lounge and 
executive lounge with a total approx. cost of $150k) 
• Bespoke sauna to master ensuite (total cost approx. $120K) 
• Hand selected Calacatta gold marble to kitchen, ensuites, bedrooms and entry lobby 
• Nero Marquina marble to games room bar, entry lobby and powder room 
• Italian Travertine throughout all bathrooms and bespoke TV niche/ fireplace to the executive 
and games lounge (total combined value of marble exceeds $500k) 
• Exclusive underground VIP lockable store fitted with a 50-bottle Vintec Wine Fridge 
• 6 car private garage 
• Bespoke billiard table with custom finishes and details 
• Private lift entrance 
• Bar area 
o 2 x Liebherr integrated below bench fridges 
o 2 x Vintec wine fridges 
o 2 x Vintec bar fridges 
o Kitchenette with Gaggenau oven, gas cooktop, and dishwasher 
• Kitchen/butlers 
o 2 x Gaggenau ovens 
o Large 900mm wide Gaggenau Gas cooktop 
o 2 x fully integrated Gaggenau Dishwashers 
o 1 x Gaggenau Steam Oven 
o 1x Gaggenau Combi Microwave

The residence also has access to the building’s luxury private club facilities including:

• Samsara, the most ambitious health and wellness facility ever offered on a private residential 
scale, including an underground pool, cryotherapy chambers, float tanks, private bookable 
spa and treatment rooms, salt rooms and on-call treatment practitioners and services 
• A luxury South Yarra BMW 7-series car and private driver bookable for residents’ personal 
use 
• 5.5m-high Porte Cochere entrance leading to a hotel-style welcome lobby with a full-time 
concierge and valet 
• A 12-seat private bookable cinema room 
• 16 full-time staff across resident services, concierge, wellness and valet 
• An underground ‘Champagne Bar’ and wine room 
• Services including car washing, dog minding and grooming, housekeeping and laundry 
services, along with private dining and catering, all managed in-house and available on-call

Tim Gurner lists private Saint Mortiz apartment for $15 million

Prominent Sydney and Melbourne proprety developer Landream are well and truly ready to take advantage of the $750 million of the Sydney Fish Markets at Blackwattle Bay.

They're pushing on with their $330 million Wattle Street project, across the road from Wentworth Park and a stone's throw away from the popular Fish Markets, which following the redevelopment which will create a major food and dining precinct for the area.

Landream secured the 12,381 sqm site at 14-26 Wattle Street in 2021 from the Sydney City Council, pending approval of a Stage 1 Concept DA, which was approved in May 2021.

<img alt="Landream Pyrmont" data-entity-type="file" data-entity-uuid="bfd00297-19d8-4040-91bd-ed15efcc34b9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-02-28%20at%202.24.13%20pm.png?VersionId=..UJ3giwAYTVZfhUtYRSxhsz.HobgN_C" />

The Sydney City Council acquired the site in 1906 as a road works depot. Facilities to support the depot were constructed on site between 1912- 1921. They're the only buildings that stand on the large site which straddles Wattle, Fig and Jones Streets.&nbsp;The site was previously used as a sandstone quarry, formally known as Hell Hole Quarry.

Prior to the submission of the recent development application, the Sydney-based architecture&nbsp;firm BVN won the project's&nbsp;Architectural Design Competition, beating design submissions from&nbsp;likes of&nbsp;Carter Williamson, Tzannes, SJB and Bates Smart in the Architectural Design Competition.

The jury said BVN's scheme was "considered, engaging, pragmatic and rooted in concept, materiality, and place making."

<img alt="Landream Pyrmont" data-entity-type="file" data-entity-uuid="1bd3f65b-4941-4c38-8778-6ac9c33349e7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-02-28%20at%202.26.45%20pm.png?VersionId=wn8DWQNpu20tSZ9IezS81YU0JeeKG7yS" />

"The design is underpinned by the current and future site context and character, seeking to contribute to and unlock the natural advantages of the environment and the approved concept scheme," the jury continued.

"The jury appreciated the design development of the approved concept scheme, benefiting the public realm and enhancing the residential amenity. The modified massing allows the development to be read as a ‘family of buildings’, rather than as a single complex.

"Each building is unique in design approach and they work together to establish a cohesive and comfortable environment within the site."

The jury also noted the clever design of the ‘Garaban’, the central residential building, one of five buildings proposed, which will deliver high amenity residential living.

"It is appreciated that this structure presents 100 per cent north facing apartments and 100 per cent cross ventilated apartments to deliver positive sustainability goals."

<img alt="Wattle" data-entity-type="file" data-entity-uuid="381da9ce-aad8-4cab-9d5b-661eef5403f5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-02-28%20at%202.26.07%20pm.png?VersionId=TxNl0LJ_zHURbO9rf_RHRkMqphrGIGZs" />

Four of the five buildings will home 237 apartments. There will be 50 one-bed units (21 per cent), 101 two-beds (42 per cent), and 82 three-bedroom apartments (35 per cent), as well as a handful of studios and large four-bed apartments.

The fifth building will solely home commercial and office space, while one of the residential buildings will also feature a recreation centre with two multi-purpose indoor courts, and a childcare centre.

BVN's Design Statement, part of the extensive submission to the City of Sydney Council, said&nbsp;14-26 Wattle Street is located in the Innovation Corridor of the Sydney Harbour CBD, a unique precinct in the city that is undergoing rapid transformation.

"Previously an underutilised area of the city, it is developing into a prime mixed-use precinct to help strengthen the Harbour.

"Capitalising on its easy access to Pyrmont, Blackwattle Bay, the Fishmarket, Darling Harbour and the central CBD Precinct, it is set to become a sought-after destination with a strong focus in connecting Pyrmont to the Sydney CBD.&nbsp;The work/live industrial history of Pyrmont and Ultimo is still evident in the urban fabric."

<img alt="Landream Pyrmont" data-entity-type="file" data-entity-uuid="4bbd7983-3fd0-4cd7-b519-a7013785916d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-02-28%20at%202.27.00%20pm.png?VersionId=jQ3TKnthbLutaPKPAMk67M2UoLe1NgEd" />

The report, signed off by BVN Principal Phillip Rossington, noted a number of sustainability initiatives in the project.

There will be rainwater storage, landscaping on the open rooftop with climate and location suitable plant selection, natural light and ventilation to the majority of apartments, as well as efficient services throughout the building like extensive bicycle parking, energy efficient light, and composting facilities.&nbsp;

BVN said the key to the proposed development was understanding the extremely different contexts on the three addresses (Jones, Fig and Wattle), and providing appropriate responses to each.

"This approach allows the development to be read as a family of buildings rather than one large complex," BVN said.

<img alt="Landream Pyrmont" data-entity-type="file" data-entity-uuid="983a790d-d847-4760-9ec5-9027b8d69599" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-02-28%20at%202.25.48%20pm.png?VersionId=7moQOTibeYcHQFTN0CiaduJtMt4x04Pv" />

"The Jones building is set back and articulated to complement the existing Jones Street Terraces. The Wattle Street aesthetic draws on neighbouring buildings’ arches and strong lines. The Courtyard building is a smaller more boutique building with a focus on it’s true north facing aspect and enhanced sustainability features, and the Fig Street commercial building reflects the rhythm of the Winchcombe Carson building."

The Winchcombe Carson building, bordering the site on Fig and Wattle Street, is a landmark building and former woolstore, which opened in 1894.

<h2>Fig &amp; Wattle Fast Facts</h2>

<ul>
	<li>Address: 14-26 Wattle Street</li>
	<li>Site size: 12,381 sqm</li>
	<li>Adaptable apartments - 36 units</li>
	<li>Liveable Housing Units - 48 units</li>
	<li>Internal Communal Residential Space - 228 sqm</li>
	<li>External Private Communal Open Space - 2,795 sqm</li>
	<li>External Public Accessible Open Space - 2,457 sqm</li>
	<li>Apartments - 237</li>
	<li>Studio&nbsp;- 2 (1%)</li>
	<li>1 bed - 50 (21%)</li>
	<li>2 bed - 101 (42%)</li>
	<li>3 bed - 82 (35%)</li>
	<li>4 bed - 2 (1%)</li>
	<li>Residential GFA - 27,434 sqm</li>
	<li>Commercial GFA&nbsp;- 16,215 sqm</li>
	<li>Retail GFA&nbsp;- 428 sqm</li>
	<li>Childcare Centre GFA - 1810 sqm</li>
	<li>Recreation Centre GFA - 2684 sqm</li>
</ul>

Landream secured the 12,381 sqm site at 14-26 Wattle Street in 2021 from the Sydney City Council, pending approval of a Stage 1 Concept DA, which was approved in May 2021

First look exclusive: Landream's $330 million mixed-use Pyrmont plans revealed

After annualised -10 per cent declines, it seems the Sydney unit market has possibly bottomed out.

Property data firm CoreLogic found that, despite two consecutive monthly declines of over one per cent, the Sydney unit market posted surprising gains over February.

Corelogic's Home Value Index showed the unit market in the harbour capital grew 0.3 per cent growth, the first gains since February 2022.

Over the last 12 months Sydney's median apartment value has dropped from $831,000 to $769,00.

[smartcode_project:default project_id=112005 project_image_fid=191248]

CoreLogic's national index declined -0.14 per cent over February, the smallest monthly fall since May 2022 (-0.13 per cent), when rate hikes commenced.&nbsp;

CoreLogic’s research director, Tim Lawless, said the stabilisation in housing values over the month coincides with consistently low advertised supply levels and a rise in auction clearance rates.

“The past four weeks have seen the flow of new capital city listings tracking -17 per cent lower than a year ago and -11.9 per cent below the previous five-year average,” Lawless said.

“This trend towards a below average flow of new listings has been evident since September last year, coinciding with a loss of momentum in the rate of value decline.”

[smartcode_project:default project_id=7054 project_image_fid=47626]

Lawless however suggested the recent stronger results don't necessarily indicate the market has bottomed.

“Considering the RBA’s move to a more hawkish stance at the February board meeting, along with an expectation for a weaker economic&nbsp; performance and a loosening in labour markets, there is a good chance this reprieve in the housing downturn could be short-lived,” Lawless said.

“We also have the fixed-rate cliff ahead of us; arguably the full impact of the aggressive rate hiking cycle is yet to play out.”

Mark Bernberg, Managing Director of Ray White Projects Western Sydney, says he believes a new reality is dawning.

"I think buyers are well, well versed that 0.1 per cent were emergency interest rates, based on a once in a lifetime pandemic," Bernberg says.

[smartcode_project:default project_id=29359 project_image_fid=207473]

"It's still well below the long term average, and having an interest rate with a three, or potential four, in front of it, is a new reality, and one that people are adjusting to.

"Humans are resilient, and human resilience is creating a new reality. Now they've got over the shock of rate rises, and now there's less of a fear of how far they can go, their expectation has been realigned, and now they're just trying to find value within their new borrowing power."

Property advisory firm Charter Keck Cramer's recently released H2 2022 report noted that, for a second year in a row, Sydney has built fewer apartments than Melbourne, which Bernberg believes will create an apartment boom.

[smartcode_project:default project_id=30959 project_image_fid=202986]

"Simply put, demand is still massively outstripping supply, even in a correcting market, and clearly it will continue to do so as building approvals decline and apartment completion forecasts don't stack up to the surge in population we are set to experience," Bernberg added.

Charter Keck Cramer's report says there continues to be a growing mismatch between several supply and demand side metrics which is leading to a substantial shortage of supply of apartments in Sydney over the next few years.

"The NSW Department of Planning &amp; Environment significantly reduced population projections in 2022 anticipating average growth of 60,000 persons per annum, down from circa 92,500 persons per annum pre-COVID in 2019.

"Based on the reduced population projections, implied dwelling demand will average circa 28,500 dwellings per annum of which apartments will need to (and have historically) comprised the majority of new dwelling supply.

"With only 17,000 forecast apartment completions in 2023, 11,400 completions in 2024 and 2,800 completions in 2025, the imbalance between demand and supply continues to grow."

Mark Bernberg, Managing Director of Ray White Projects Western Sydney, says he believes a new reality is dawning

City Beat: Sydney unit market insights for February

Brisbane unit values continued to show signs of improvement over February, as overall market sentiment across the country saw dwelling value declines flatten.

CoreLogic's March Home Value Index showed that, for the first time since August, units values in Brisbane didn't decline. They didn't rise either, with CoreLogic suggesting they stayed flat over February.

The previous monthly performance of the Brisbane unit market (which incorporates both apartments and townhouses) suggests values will start rising across March.

Over December, unit values contracted -0.4 per cent, then an improved -0.2 per cent decline across January. February's flatline has forecasters expecting modest growth next month.

August 2022 was the last time unit values in Brisbane rose, by 0.7 per cent, which took the unit median to $504,520.

[smartcode_project:default project_id=108736 project_image_fid=209692]

Since then there have been modest declines, not as severe as other property market segments or locations.

The median value has now slipped to $490,000. Over the last 12 months, unit values are still 3.5 per cent higher than they were in March 2022.

The Brisbane unit market is performing much stronger than the housing market, which is now -8.6 per cent lower than it was this time last year. Values contracting a further -0.4 per cent over February, to a median of $767,000.

CoreLogic's national index declined -0.14 per cent over February, the smallest monthly fall since May 2022 (-0.13 per cent), when rate hikes commenced.&nbsp;

[smartcode_project:default project_id=114215 project_image_fid=210749]

CoreLogic’s research director, Tim Lawless, said the stabilisation in housing values over the month coincides with consistently low advertised supply levels and a rise in auction clearance rates.

“The past four weeks have seen the flow of new capital city listings tracking -17.0% lower than a year ago and -11.9% below the previous five-year average,” Lawless said.

“This trend towards a below average flow of new listings has been evident since September last year, coinciding with a loss of momentum in the rate of value decline.”

[smartcode_project:default project_id=112924 project_image_fid=204776]

Lawless however suggested the recent stronger results don't necessarily indicate the market has bottomed.

“Considering the RBA’s move to a more hawkish stance at the February board meeting, along with an expectation for a weaker economic&nbsp; performance and a loosening in labour markets, there is a good chance this reprieve in the housing downturn could be short-lived,” Lawless said.

“We also have the fixed-rate cliff ahead of us; arguably the full impact of the aggressive rate hiking cycle is yet to play out.”

Brisbane's unit market is becoming more and more attractive for investors. Since the early phases of the pandemic, weekly rental values are up nearly 24 per cent in Brisbane, compared to 10.4 per cent in Melbourne and 19 per cent in Sydney.

August 2022 was the last time unit values in Brisbane rose, by 0.7 per cent, which took the unit median to $504,520

City Beat: Brisbane unit market insights for February

Melbourne’s new golden residential tower, UNO Melbourne, has reached its 65th and final level.

Standing 210 meters tall at 119 A'Beckett Street, between Flagstaff Gardens and Carlton Gardens, UNO Melbourne is being developed by SP Setia, who had renowned architect Elenberg Fraser design the project. The most striking feature is the floor-to-ceiling shimmering golden glass facade.

Around 88 per cent of the 635 apartments have been sold in the building, with the first stage of settlements taking place in December 2022.

[smartcode_project:default project_id=3281 project_image_fid=46049]

Brett Griffith, Director at Colliers Residential Victoria, said the UNO Melbourne apartments have been in high demand, with sales predominantly secured by foreigners, located both overseas and those already settled in Melbourne, looking to either invest or occupy themselves.

"The pool of international buyers abruptly haltered when the pandemic hit the world, but in the past months, we have seen the confidence of international buyers return close to pre-pandemic levels who see the value of the property market in Australia," Griffith says.

"With Melbourne having been named Australia’s best destination for international students and rated as one of the leading destinations for learning and higher education in the world, UNO is likely to attract many students being located within walking distance to the University of Melbourne and RMIT University."

[smartcode_project:default project_id=3281 project_image_fid=46050]

SP Setia have a track record of delivering projects in Melbourne, having recently&nbsp;completed construction of their Sapphire by The Gardens in the north eastern part of the CBD.

SP Setia Melbourne Director See Hunt Soon says there's currently a scarcity of high-quality apartments in central CBD locations, with UNO Melbourne being one of the last opportunities to secure an apartment on a desirable CBD address.

‘With rising construction costs, we see UNO Melbourne as an excellent opportunity for buyers to purchase and invest into a quality brand new apartment at pre-pandemic construction pricing,’” Soon said.

Future residents of UNO will be able to enjoy a range of services and amenities, including a welcoming lobby, concierge and retail stores on ground-floor, a private dining area with teppanyaki facilities, a resident’s lounge, breakout rooms and media room on level one.

[smartcode_project:default project_id=3281 project_image_fid=46053]

Wellness facilities on level nine include a yoga studio, gymnasium, outdoor entertainment and BBQ area, steam room, spa and swimming pool.

“UNO’s prime location and high-end lifestyle offering with a range of hotel-style amenities and services available to residents, have been particular drawcards for internationals who are also seeing an opportunity to invest in Melbourne’s property market as rents are anticipated to continue to increase during 2023,” Griffith added.

Roberts Co are handling construction of the tower, having taken over the build in April 2022.

One, two and three bedrooms are currently available, starting from $6440,000. September 2023 is the target settlement date for stage two of the project.

[smartcode_project_cta:default project_id=3281]

Around 88 per cent of the 635 apartments have been sold in the building, with the first stage of settlements taking place in December 2022

SP Setia top out UNO Melbourne apartment tower

<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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