The Sydney-based developer Iris Capital is getting closer to unveiling its debut $800 million Gold Coast apartment development, Victoria &amp; Albert Broadbeach.

The two towers, designed by DBI Architects over a subtropical recreational podium,&nbsp;will home over 400 apartments, two levels of premium offices and commercial facilities and a fresh food and dining retail on the street level.

Designed for&nbsp;the coastal environment, V&amp;A will comprise a mix of one, two&nbsp;and three-bedroom apartments on the lower levels,&nbsp;while the upper residences will offer a mix of three-bedroom apartments,&nbsp;with both towers topped by sub‐penthouses and penthouses.

Both towers offering an elevated recreational podium with a 25m lap pool, a gym, a yoga deck and resident’s lounge as well as kid’s area, a zen garden, an outdoor dining and BBQ facilities.

[smartcode_project:default project_id=107928 project_image_fid=178909]

Both will also feature&nbsp;top floor owners-lounges complete with dining, yoga room, offices and views across the Gold Coast skyline.

Colliers’ Director Residential David Higgins says there is an air of anticipation for the launch of the first major apartment project in Broadbeach for the last five years.

Higgins said V&amp;A Broadbeach would create the first high end residential, retail and culinary precinct in central Broadbeach since the Oracle towers more than a decade ago.

“Currently Broadbeach has plentiful luxury full floor and half floor 3 bedroom plus apartments on the market very offer a choice of 1,2,3-bedroom apartments with access to leading luxury amenity”, he says

[smartcode_project:default project_id=107928 project_image_fid=184936]

“Historically Broadbeach has had a very strong family market, but this has dissipated in recent years. However, we believe the opening of the borders will bring this market right back into the frame.

“We’re looking to introduce a mix of product right in the heart of Broadbeach that attracts the family buyer, luxury downsizer and investors looking for solid returns as the Gold Coast grows out of the Covid lockdowns.

“The project scores a 10 out of 10 for walkability located in the heart of Broadbeach in walking distance to the light rail, the casino, convention centre, the restaurant precinct and the beach and will bring a new type of residential apartments to the market that we have not seen for some time.”

Iris Capital,&nbsp;founded and led by entrepreneur Sam Arnaout, has extended its reach over the past decade to become a developer of high quality integrated residential and mixed-use developments.

[smartcode_project:default project_id=107928 project_image_fid=184935]

The company now holds&nbsp;$3.5 billion enterprise value, having significantly expanded its footprint over the past year through the acquisition of 17 Ibis hotels from AccorInvest.

“We are no stranger to large scale projects and have built a reputation on our ability to deliver transformative developments that add remarkable value to their broader community,”&nbsp;Arnaout said.

“The Broadbeach precinct is primed for a rebirth, and we are thrilled to be creating a pillar of the community to connect the next generation of Gold Coast locals to the idyllic beachside dream.”

[smartcode_project_cta: project_id=107928]

The two towers, designed by DBI Architects over a subtropical recreational podium, will home over 400 apartments

Joel Robinson

Iris Capital's $800 million Victoria & Albert, Broadbeach apartments set for launch

Prospective buyers at the recently completed Glen Waverley apartment development, Sky Garden, will be able to stay in a furnished apartment before committing to a purchase.

The &#39;Try Before You Buy&#39; initiative&nbsp;offers two nights in a different selection of apartments&nbsp;above The Glen Shopping Centre, which has recently undergone a $430 million redevelopment.

Buyers will have access to all amenities of Sky Garden, including the swimming pool, gym, library and mahjong room. They will also have the same&nbsp;booking privileges as residents, with the ability too book out&nbsp;the private dining room or movie theatre.

Sky Garden, designed by Rothelowman, gets its name from its&nbsp;4,000 sqm outdoor podium garden complete with a relaxation zone, entertainment lounges, vegetable gardens, children&rsquo;s play area and outdoor fitness areas.

&nbsp;

There will be six different configurations on offer to stay in, allowing residents to literally live in the apartment they could buy.

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Golden Age Sales and Marketing Director Dandan Zhao said buyers are often hesitant to buy an apartment if they are conditioned to living in a house, but once they try it, it provides them a new perspective.

&ldquo;We had the parents of a purchaser house-sit his two-bedroom plus study apartment while he was away for work and following their stay, they purchased a three-bedroom apartment and sold their house in Glen Waverley,&quot; Zhao said.

&ldquo;They always thought living in an apartment meant a compromised lifestyle but having experienced it for themselves, they were surprised at how convenient it was. They still have access to a garden to enjoy without the maintenance and everything they need is within easy reach.

[smartcode_project:default project_id=2881 project_image_fid=184594]

&ldquo;We want others to experience the benefits of living in an apartment firsthand as we believe it will help break down any misconceptions they may have,&rdquo; she said.

The idea was further cemented when a number of influencers enjoyed a complimentary stay at Sky Garden and after experiencing the amenities firsthand, enquired about available apartments.

To be eligible to partake in &lsquo;try before you buy&rsquo;, prospective purchasers must be close to making a purchase at Sky Garden.

[smartcode_project:default project_id=2881 project_image_fid=184593]

&ldquo;The initiative is for those who are close to making a decision but would like to trial living there before they fully commit; it also provides them with the option of trialing one floor plan and realising it&rsquo;s either too big or too small and to explore what else is available,&rdquo; Zhao added.

Located in Melbourne&rsquo;s Glen Waverley, Australia&rsquo;s largest air rights development to date was designed in collaboration with multi-award winning architect Rothelowman, with interiors by DKO Architecture and landscaping by Aspect Studios.

[smartcode_project_cta: project_id=2881]

Buyers will have access to all amenities of Sky Garden, including the swimming pool, gym, library and mahjong room

Golden Age offering try before you buy at Glen Waverley apartment development, Sky Garden

It&rsquo;s been nearly two years of rolling lockdowns, but Melbourne is officially open for business. Not just to residing Melburnians, but to interstate travellers, office workers, and the rest of the world, all factors which contribute to experts&rsquo; belief that inner-city apartment prices are ripe for growth.

Buyers wanting to secure an apartment in the City of Melbourne LGA, which includes the CBD as well as popular surrounding areas of Southbank, Dockl​ands, Carlton and North Melbourne, <a href="https://www.sro.vic.gov.au/land-transfer-duty-concession-or-exemption-city-melbourne-residential-property-transactions">can save 50% in stamp duty</a> on new&nbsp;apartments&nbsp;worth up to $1 million.&nbsp;If the property has been on the market for more than 12 months, then stamp duty is waived completely.

But the expectation is prices will have jumped significantly by then. Despite the pitfalls of 2021, from lockdowns, lack of interstate and international travel, and the exodus of office workers from the CBD for the best part of nine months, the median apartment value in the City of Melbourne LGA is still up 7.5 per cent year to date, research from property data firm CoreLogic shows.

Scott Jessop, the sales and marketing director at OSK Property who is currently developing the $2.8 billion mixed-use precinct <a href="/buildings/melbourne-square-93-119-kavanagh-street-southbank">Melbourne Square</a> in <a href="/new-apartments/southbank-vic-3006">Southbank</a>, said there&rsquo;s been a major uptick in enquiry volumes since Melbourne&rsquo;s lockdown was lifted.

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&ldquo;Since mid-October we&rsquo;re trending up week on week,&rdquo; Jessop says, adding that there&rsquo;s been activity from across the board, from buyers walking in to display suites to those making appointments.

Jessop says he just dealt with a foreign purchaser who is buying for his daughter who is studying in Melbourne. &ldquo;I haven&rsquo;t seen one of those transactions in over 18 months&rdquo;, Jessop says, expecting that he will be seeing more as international students return.

&ldquo;The combination of the generous stamp duty concessions, the continued affordability gap between house prices and apartments, and the reactivation of the CBD, will no doubt see growth ahead.

&ldquo;A perfect storm is coming for the Melbourne apartments, it&rsquo;s just a matter of when.&rdquo;

[smartcode_project:default project_id=2929 project_image_fid=137896]

Jessop says as demand grows, developers are likely to reduce the incentives that they are currently offering buyers. Buyers of apartments at <a href="/buildings/melbourne-square-93-119-kavanagh-street-southbank">Melbourne Square</a> can save up to $120,000 on an apartment with an average sale price of $850,000. The savings include the government stimulus and a range of free incentives such as furniture packages and design stylist consultations.

Dennis Wilson, the managing director of <a href="/developers/central-equity">Central Equity</a> who is currently selling <a href="/buildings/focus-melbourne-81-city-road-southbank">Focus</a>, the soon to be complete 600-apartment Southbank apartment tower, and the completed <a href="/buildings/melbourne-grand-560-lonsdale-street-melbourne">Melbourne Grand</a>, Lonsdale Street apartments, expects the City of Melbourne to bounce back strongly in 2022.&nbsp;

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&ldquo;The federal and state governments are working to open borders and increase business migrant intakes, stimulate the tourism industry, re-invigorate major events and welcome back international students. The City of Melbourne should be a beneficiary of this,&rdquo; Wilson says.

The general consensus is that buyers are coming back from the surrounding suburbs, having spent the last few years outside of the city.

&ldquo;As well as seeing buyers already living in the inner-city, we are seeing interest from people who are looking to move from the suburbs, wanting to be closer to their workplace as offices reopen, shops and all the conveniences that come with inner city living,&rdquo; Wilson added.

&ldquo;For many the inner city is a more affordable option than living in their existing suburbs.&rdquo;

[smartcode_project:default project_id=3260 project_image_fid=62320]

Elysa Anderson, General Manager of Residential Victoria at <a href="/developers/mirvac">Mirvac</a>, said the Mirvac team is focused on accelerating their supply of high-quality apartments in Melbourne, as they anticipate a shortage of owner-occupier residences in premium locations in the future.

&ldquo;We anticipate Victoria&rsquo;s population growth and demand for apartments to continue to strengthen in line with the Victorian Government&rsquo;s Roadmap to Recovery and various state budget stimulus packages,&rdquo; Anderson said.

&ldquo;The strength of the established housing market and the opening up of international borders will continue to drive very strong demand for well-designed and quality constructed apartments,&rdquo; Anderson added.

[smartcode_project:default project_id=3494 project_image_fid=180326]

Mirvac has tweaked the design of Tower 9, in their master-planned Yarra&rsquo;s Edge precinct in the burgeoning Docklands&nbsp;area.

The ASX-listed developer saw a considerably stronger market for their projects in 2021 than in 2020, with <a href="/buildings/voyager-docklands-103-south-wharf-drive-docklands-vic-3008">Voyager</a>, the recently completed eighth tower in Yarra&rsquo;s Edge, seeing a 20 per cent increase in the first half of 2021 compared to the same period the year before.

[smartcode_project:default project_id=3494 project_image_fid=167751]

Around 80 per cent of the buyers were owner-occupiers, but Anderson says they are seeing investors slowly creep back in.

&ldquo;Investors have begun to return to the market, primarily focused on master planned communities but demand is also gathering pace in the apartment markets.&quot;

For more information on stamp duty savings in the City of Melbourne,&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://www.sro.vic.gov.au/land-transfer-duty-concession-or-exemption-city-melbourne-residential-property-transactions&amp;source=gmail&amp;ust=1637718410495000&amp;usg=AOvVaw3WoR6xmIwVttUthAfW2SKq" href="https://www.sro.vic.gov.au/land-transfer-duty-concession-or-exemption-city-melbourne-residential-property-transactions" target="_blank">read more here</a>.

The suburbs that can save on stamp duty:

<a href="/new-apartments/kensington-vic-3031">Kensington</a>,&nbsp;<a href="/developments/north-melbourne-vic-3051">North</a><a href="/developments/north-melbourne-vic-3051"> Melbourne</a>,&nbsp;<a href="/new-apartments/parkville-vic-3052">Parkville</a>,&nbsp;<a href="/new-apartments/carlton-vic-3053">Carlton</a>,&nbsp;<a href="/new-apartments/east-melbourne-vic-3002">East Melbourne</a>,&nbsp;<a href="/new-apartments/south-wharf-vic-3006">South Wharf</a>,&nbsp;<a href="/new-apartments/southbank-vic-3006">Southbank</a>,&nbsp;<a href="/new-apartments/docklands-vic-3008">Docklands</a>,&nbsp;<a href="/new-apartments/melbourne-vic?bedroom-prices2=1000000&amp;any-bedrooms=1&amp;bedrooms%5Bvalue%5D=1&amp;bedrooms%5Bvalue2%5D=5&amp;any-bathrooms=1&amp;bathrooms%5Bvalue%5D=1&amp;bathrooms%5Bvalue2%5D=3&amp;any-parking=1&amp;parking%5Bvalue%5D=1&amp;parking%5Bvalue2%5D=4">Melbourne</a>,&nbsp;<a href="/new-apartments/west-melbourne-vic-3003">West Melbourne</a>.

Parts of <a href="/developments/flemington-vic-3031">Flemington</a>, <a href="/developments/carlton-north-vic-3054">Carlton North</a>, <a href="/developments/port-melbourne-vic-3207">Port Melbourne</a>, and <a href="/new-apartments/south-yarra-vic-3141">South Yarra</a> are also eligible&nbsp;for stamp duty concessions.

Buyers wanting to secure a new apartment in the City of Melbourne can save 50% in stamp duty on properties under $1 million.


Why now is the right time to buy a Melbourne inner-city apartment: What the experts say

The Perth apartment developer, Edge Visionary Living, has a big 2022 in store.

Edge, led by their executive director&nbsp;Gavin Hawkins, will start developing arguably the two best apartment developments across the state next year, both beachside, and both set to become local icons of their respective area&#39;s.

They&#39;ll be starting in Scarborough with&nbsp;their $120 million beachfront apartment development, The Dunes, some 200 apartments across two buildings on a vast 6,600 sqm site, expected to launch around March time.

&quot;The Dunes will change the face of Scarborough apartment living,&quot; Hawkins said about the Hillam Architects-designed buildings that front the beach. They will also feature 25 metre lap pools and sunset beach bars.

&quot;There will be something for everyone,&nbsp;from one-bedroom apartments for the first home buyer demographic&nbsp;to significant penthouses for the downsizer,&quot; Hawkins added.

<img alt="" height="639" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/dunes_scarborough.jpg" width="1200" />

Hawkins compares Scarborough&#39;s rejuvenation to Melbourne&#39;s St Kilda, everything but the pristineness&nbsp;of the beach.

&quot;Scarborough is an eclectic mix of communities, with a lot of government money spent on it in recent years,&quot; Hawkins says.

&quot;It&#39;s really going through a renaissance in terms of social and public amenity in the area, and The Dunes really taps in to that redevelopment.&quot;

The significant site sits at the Northern end of the Gateway Precinct Zone, which Hilliam Architects said calls for developments to respond to the relaxed coastal setting by emphasising a relaxed coastal aesthetic.

&quot;The design of The Dunes has specifically taken on coastal cues and a softer curved form to meet this objective,&quot; they noted.

The Perth market has continued to be strong for the of​f the plan apartment, with a combination of&nbsp;high house prices&nbsp;and limited supply of high quality o​ff the plan apartments meaning high prices are being achieved for good product in good locations, Hawkins says.

Contributing to the somewhat limited supply is the lack of skilled work migration, paired with high construction costs.&nbsp;Hawkins says the developers who didn&#39;t plan far enough head&nbsp;will be pushing their proposed developments back, which is resulting in a supply shortage for those looking to downsize from the family home.

&quot;There will be a real shortage for the next 12 to 24 months,&quot; Hawkins says. &quot;We [Perth developers] won&#39;t be able to build quick enough.&quot;

Edge are well on track&nbsp;however, and are currently working on the designs for their redevelopment of the Ocean Beach Hotel, right on the beach in Perth&#39;s most affluent beach suburb of Cottesloe.

<img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/obh_cottesloe.jpg" width="1200" />

&quot;Everyone in WA who is over 21 has had a beer at the OBH,&quot; Hawkins says, suggesting the area is Perth&#39;s version of Bondi Beach.

Edge will be working in collaboration&nbsp;with the longtime publican&#39;s of Ocean Beach Hotel, the Quinlivan family, for three towers that will home just shy of 200 apartments. They&#39;ll be a little larger and more premium than those at The Dunes.

Part of the redevelopment will see the OBH brought in to the 21st century. The above renders are proposed, as the development is still going through consultation prior to development application&nbsp;submission.

Hawkins compares Scarborough's rejuvenation to Melbourne's St Kilda, everything but the pristineness of the beach.

Edge Visionary Living line up apartment developments on two of Perth's best beaches

GurnerTM, the luxury apartment developer, has appointed the national construction firm ICON Construction to build the&nbsp;first 68-level tower at its massive Gold Coast project La Pelago

The build price is estimated to be over $350 million, and will take just over three years to complete.

It's the first of four towers on the sprawling Ferny Avenue&nbsp;site, and will be the tallest at 68 levels, the fourth tallest tower on the Gold Coast. It will home over 350 apartments, a 200-room hotel, a health and wellness precinct, a private resort and club, and a level 42 sky bar, as well as premium retail and hospitality space.

<a href="/new-apartments/aquia-la-pelago-108-ferny-avenue-surfers-paradise">Be the first to register your interest on the project by enquiring here.</a>

There will be&nbsp;90 residences across the penthouse collection, ranging from levels 43 to 68.

Formal launch of apartments at La Pelago is expected in Q1 2022.

<img alt="" data-entity-type="" data-entity-uuid="" height="724" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gurner_pool.jpg" width="1200" />

Architecturally designed by Warren and Mahoney, ‘La Pelago’ centralises on a “private island” theme, whereby each building is surrounded by over 9,000sqm of amenity, lush tropical landscaping and pool-side water retreats.

“We are very excited to have appointed ICON to lead the construction on such a major project for us and the Gold Coast, where we will be really pushing the boundaries of what is possible in luxury property," Gurner boss Tim Gurner says.

<a href="/new-apartments/aquia-la-pelago-108-ferny-avenue-surfers-paradise">Be the first to register your interest on the project by enquiring here.</a>

“We have now delivered eight projects with ICON, so we have tremendous confidence in the team’s ability to deliver a project of this scale and complexity.

"This project is very important to our business, and we are looking forward to working closely with ICON to deliver a new level of amenity and luxury for Australia."

<img alt="" data-entity-type="" data-entity-uuid="" height="675" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gurner_4_0.jpg" width="1200" />

Two-bedroom apartments are the most popular across the residential buildings, accounting for more than half of the apartments in each tower.

Tower four is the second biggest, and will home 248 apartments, with between four to 16 per floor across its 34 levels.

Tower one will have 150 apartments across 30 levels&nbsp;and tower two the most boutique, with between two and four apartments per floor across its 25 levels, totalling 95 apartments.

All up the proposal will see over 1088 apartments and hotel rooms built.

<img alt="" data-entity-type="" data-entity-uuid="" height="852" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gurner_lobby_entry_1.jpg" width="1200" />

“La Pelago will allow us to draw on our unique experience in the retail, signature amenity and urban regeneration space, and apply it on a grand scale," Gurner said.

“When designing the project it was really about me dreaming about where we all want to be right now and for me that is a hot and sunny luxury private island. Something that offers sun, pools, amazing service, luxury amenities and residences – something right now you cannot get in Australia."

Warren and Mahoney&nbsp;design principal, Barrington Gohns, said&nbsp;La Pelago’s design will provide much more immersive experiences than previous projects, with stunning attention to detail across the four towers.

<a href="/new-apartments/aquia-la-pelago-108-ferny-avenue-surfers-paradise">Be the first to register your interest on the project by enquiring here.</a>

"The design very much respects the crisp, natural island experience utilising integrated landscape and pools, lots of white, timber and glass in its form, with bespoke elements in each ‘island’," Gohns said.

“The foundation of La Pelago is steeped in context and identity, acknowledging the tension between river and coastline, and the design only takes what it can give back. A strong focus on health wellness resonates throughout, along with a carbon neutral manifesto we continue to drive with GURNERTM.”

Snapshot:

Mixed use development consisting of:

<ul>
	<li>4 x multi-storey Residential towers</li>
	<li>Three level podium</li>
	<li>Ground floor indoor/ outdoor communal recreation and amenities</li>
	<li>Food and Beverage</li>
	<li>Residential lobbies with on-site porte cochere drop offs</li>
	<li>Service areas/ Back of house</li>
	<li>1,000 car parks across two basement levels and two above grade levels</li>
	<li>200 hotel rooms</li>
	<li>Over 5,500sqm of retail, commercial, conferencing amenity, a day spa and business club</li>
	<li>A world-class retail precinct anchoring the ground plane</li>
	<li>2,000sqm private health and wellness Club</li>
	<li>Over 12,000sqm of resident and hotel amenity across the four towers</li>
</ul>

The build price is estimated to be over $350 million, and will take just over three years to complete

Gurner appoints ICON to build first tower in $1.25 billion Surfers Paradise mega apartment development, La Pelago

The Melbourne-based Little Projects has sought to meet the ever-growing demand for high-end apartments at their latest Gold Coast apartment development, Aperture.

The Broadbeach tower will be home to just 29 apartments across its 35 levels&nbsp;when it is completed in mid-2023, with buyers already showing interest due to the&nbsp;200 sqm plus of living space across each apartment.

Leighton Pyke, director at Little Projects, said that after the sell-out success of Signature around the corner, the team wanted to create something a little different.

&quot;Signature was obviously higher density with 245 apartments, a project of that scale takes considerably longer to move,&quot; Pyke said.

&quot;We saw there was a good level of demand for that larger product and wanted to take something to the high-end owner-occupier market quickly to try and meet that demand.&quot;

[smartcode_project:default project_id=108327 project_image_fid=181290]

Pyke and the Little Projects&nbsp;team engaged the Melbourne-based architect, Elenberg Fraser, to create the 120 metre tower, having worked with them previously on the design phase of a development of around 1000 apartments in Fisher​mans Bend in Melbourne.

It&#39;s only the second time the architecture firm has designed an apartment project on the Gold Coast. The only other is the mixed-use hotel and apartment development Mondrian at Burleigh Heads, currently in market.

&quot;We wanted to put a slightly different spin on what the Gold Coast usually offers - giving it an injection of an outside perspective,&quot; Pyke says.&nbsp;

&quot;Their involvement certainly sets us apart, potentially bringing a few new ideas to the Gold Coast.&quot;

[smartcode_project:default project_id=108327 project_image_fid=181281]

Pyke says there&#39;s already been a big wave of Sydney residents enquiring on Aperture.

With house prices rocketing in the Harbour capital, some downsizers and retirees are happy to take advantage of current market conditions and cash in on&nbsp;their longtime family homes and buy something smaller as a city base, freeing up money to secure a more expensive holiday home that they will spend a significant amount of time at.

Pyke however added that the same sentiment is felt with the local market, where there&#39;s also windfall house sales.

[smartcode_project:default project_id=108327 project_image_fid=181283]

House prices in Broadbeach - Burleigh experienced the highest annual growth in the Gold Coast in the 12 months to August 2021, with gains of over&nbsp;38&nbsp;per cent, according to data from the data-driven buyer&rsquo;s agency, InvestorKit.

Apartments in the same area&nbsp;grew by 15.7 per cent over the same period.

&quot;It&#39;s speeding up that transition to downsize, which is why we are seeing huge levels of owner-occupiers wanting to buy something that might be toward that higher price point.&quot;

Pyke says the team have a firm belief in the longevity of the Gold Coast apartment market, and are working towards securing more development sites heading in to 2022.

[smartcode_project_cta: project_id=108327]

"We wanted to put a slightly different spin on what the Gold Coast usually offers - giving it an injection of an outside perspective,".

Why Aperture, Broadbeach apartments are attracting the local and interstate buyer: Five minutes with Little Projects Director Leighton Pyke

The award-winning, ASX-listed property developer, Mirvac, have been providing high quality homes, across both the apartment and house and land space, for over five decades.&nbsp;

Their latest masterplan is the $1.3 billion Olivine,&nbsp;located 30 kilometres from Melbourne within the northern suburb of Donnybrook. The&nbsp;benchmark master-planned community sits on 465-hectares and is focused on providing a quality lifestyle and premium amenity. The project offers a range of lifestyle options, which have been well received by young families seeking space, natural surrounds and quality education.

By 2037, approximately 11,000 residents will call Olivine home, with around 4,500 homes to be developed over the next 15-years.

[smartcode_project:default project_id=28126 project_image_fid=186050]

The pipeline of infrastructure is well underway, with the $2.5 million Olivine&nbsp;Place completed,&nbsp;featuring Shared Cup Cafe,&nbsp;the Shared Space Community Hub, a pop-up Library&nbsp;as well as the Olivine Sales Office. The thoughtfully designed Gumnut Park precinct also offers an adventure playground, surrounded by 200-year-old River Red Gums.

Olivine is committed to lifelong learning and ensuring there are educational options for residents of any age.

Hume Anglican Grammar, Donnybrook Campus is located within the community and currently offers Prep to Year 6 with eventual expansion to Year 12. Hayes Hill State Primary School is also anticipated to open in 2023, along with the Wallaby Childcare Centre while PRACE Adult Education offers programs in partnership with Winslow Constructors from Olivine Place.

[smartcode_project:default project_id=28126 project_image_fid=186051]

Future amenity at Olivine includes a nine-hectare sporting precinct that has commenced construction as well as planned local town centre that will be home to two supermarkets, 20 specialty shops, and a community centre.

Mirvac has recently launched Parkscape Townhomes at Olivine, which offers three and four-bedroom turnkey townhomes designed and built by Mirvac, situated facing lush parklands and open spaces.

The homes offer flexible floorplans, premium upgrades including a 7-Star energy rating. The Olivine Display Village showcases 14 of Melbourne&#39;s leading builders, including the likes of Porter Davis, Metricon, Simonds, and Carlisle Homes.

[smartcode_project_cta: project_id=28126]

11,000 residents will call Olivine home by 2037, with around 4,500 house and land lots to be developed over the next two and a half decades

How Mirvac is improving the lifestyle of residents of the Donnybrook community, Olivine

The Esplanade is one of the Gold Coast&#39;s most sought-after strips of beachfront real estate, stretching over 1.5 kilometres across the beachfront, from the entry to Main Beach to the north, to the south where it becomes North​cliffe Terrace.

There&#39;s been little in the way of apartment development in recent years. There&#39;s Soul, one of the area&#39;s most well-known apartment buildings which is approaching 10 years&nbsp;built, and Merit​on&#39;s 400 plus apartments at Ocean, currently under construction.

But now the dress circle street is set for&nbsp;something completely different to what has been seen in decades.

The AU, a collection of just 12 exclusive full-floor oceanview sky homes and two opulent three-level penthouses, is set to launch, giving the strip an incomparable offering.

[smartcode_project:default project_id=6762 project_image_fid=184126]

The idea was to capture that next level of luxury, and create a truly boutique product.

&quot;We wanted to elevate beachfront living on the Gold Coast with a modern classic and timeless design,&quot; ASF Group Marketing Director&nbsp;Daniel Fang says.

&quot;Its central location and opulent design draws parallels to that of the Oper​a Residences in Sydney&#39;s Circular Quay, just with the beach on your doorstep rather than Sydney Harbour,&quot; Fang added.

There was a conscious effort from the team not to replicate the creamy sandy vibe that the Gold Coast apartment style is typically known for.

[smartcode_project:default project_id=6762 project_image_fid=184123]

ASF enlisted the expertise of the Sydney-based interior design legend Greg Natale to craft the interiors, something no other Gold Coast apartment development can boast.

The&nbsp;apartments will have the finest finishes, with natural stone bench tops, and gold fixtures and finishes throughout.

Archidiom put the plans together for the 19-storey tower, with a facade made almost entirely of golden glass.&nbsp; It allows each apartment to have clear panoramic views of the Surfers Paradise beach.

[smartcode_project:default project_id=6762 project_image_fid=184130]

Each full-floor apartment will offer three bedrooms and a multi-purpose room, or four bedrooms, each with ensuites, studies, stone kitchens, and an open plan living and dining area. Furthermore, each sky home will have a 16m frontage directly facing the Pacific Ocean and beach

The resident amenity is located on podium level, with a gym and residents&#39;&nbsp;lounge space, which&nbsp;sit beside the infinity pool that looks out across the sand and ocean.

The podium level also features a barbecue and dining facilities, along with a sauna, ideal for unwinding after a few laps in the pool.

The display suite is up and ready for viewing for prospective buyers, with the interiors created in the style of the actual residences. That&#39;s located in the Soul Boardwalk, just a few minutes away from the actual site of The AU.

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The idea was to set a new bar for luxury living on the Gold Coast and to create a truly boutique offering

The AU set to launch 14 luxury oceanview sky home apartments Surfers Paradise

The burgeoning Broadbeach is set for another high-rise apartment development, as developers continue to try and keep up with the high demand for luxury product in the area.

Plans have been filed by Ferro Chow Architects&nbsp;for a&nbsp;46-level tower at 99-101 Old Burleigh Road,&nbsp;on the corner of Armrick Avenue and across the road from Broadbeach Park.

The development will only have 59 apartments, with half-floor apartments taking up the first half of the tower, then full-floor apartments from there up.

Marco Ferro said the Broadbeach design was&nbsp;inspired by the Norfolk pine trees that line Old Burleigh Road.

<a href="/new-apartments/casa-beach-99-101-old-burleigh-road-broadbeach">To keep up to date with the development and its launch, enquire here</a>

&quot;The dark bark texture of the tree trunks give this particular side of Broadbeach a characteristic that set it aside from the rest of the region,&quot; Ferro said.

&quot;The bold lines and colours throughout the tower reference aspects of placemaking connecting Old Burleigh Road to Broadbeach Boulevard.&quot;

<img alt="" height="665" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/99-101_obr_broadbeach_2_0.jpg" width="1200" /> 
The proposed apartment tower. Image credit: Ferro Chow Architects

The smallest apartments have three bedrooms and a multi-purpose room. There are 36 three-bedroom apartments, 22 four-bedroom apartments, and a special penthouse toward the point end of the building.

The third level podium will have the half of the resident amenity. There&#39;s a barbecue kitchen and dining, an adjoining private dining area with a bar, extensive seating across a lower and upper deck, a gym, and an infinity edge pool with day beds.

From level four upwards will be two apartments per floor to level 22, where from there are just whole-floor apartments.

<a href="/new-apartments/casa-beach-99-101-old-burleigh-road-broadbeach">To keep up to date with the development and its launch, enquire here</a>

There&#39;s further resident amenity of level 44, while includes more lounge, kitchen and dining areas, a wine bar with cellar, a reflection pond, and a cinema room.

Above that is the two-level penthouse.&nbsp;

<img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/99-101_obr_broadbeach_0.jpg" width="1200" /> 
The proposed apartment tower and swimming pool level.&nbsp;Image credit: Ferro Chow Architects

The first level is dedicated to entertaining, with the main kitchen living and dining space, two balconies, one with an outdoor kitchen and plunge pool, a home office, with its own butlers pantry, and a home theatre room, with sliding doors hiding a popcorn maker.

Upstairs is the four bedrooms, all with ensuites. The master has a walk in.

Currently on the 1,283 sqm site is Casa Del Mar, an original three-storey walk up of just five apartments.

&quot;The client has catered for a wider pool of owner-occupiers, offering different price points&nbsp;with half-floor and whole-floor apartments,&quot; Ferro said, adding that the views across Broadbeach will never be built out.

<a href="/new-apartments/casa-beach-99-101-old-burleigh-road-broadbeach">To keep up to date with the development and its launch, enquire here</a>

The site is next door to the recently approved tower from the Brisbane-based Turrisi Properties, who are set to develop a 22-level, 84-apartment tower designed by&nbsp;Rothelowman, who were aiming for a&nbsp;mid-century, tropical modernist-style building.

Ferro Chow&#39;s approach to the 99-101 Old Burleigh Road&nbsp;was to use the&nbsp;Biophillic Design principles.

&quot;As a consequence of being city dwellers, we become more and more out of touch with nature,&quot; the architecture firm noted.

<img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/99-101_obr_0.jpg" width="1200" /> 
The proposed apartment tower on a corner site and the view from the swimming pool.&nbsp;Image credit: Ferro Chow Architects

&quot;Biophilic Design is a response to that detachment, aiming to restore the connectivity our society once had with the natural environment.

&quot;Connectivity with the nature is our birthright. In biophilic principles, this connection must not only be reestablished, but also sustained. This is where human-made design interventions come into play, as they are needed to facilitate our relationships with nature and also each other.

&quot;Through the emphasis of the natural features of the site, introduction of abundant natural light, and the fostering of human relationships, a building becomes a hub for engagement.&quot;

<a href="/new-apartments/casa-beach-99-101-old-burleigh-road-broadbeach">To keep up to date with the development and its launch, enquire here</a>

Ferro Chow, who was a finalist at the&nbsp;UDIA QLD Awards&nbsp;for London, its West End, Brisbane apartment development,&nbsp;are also behind the unique design of Greenwich, the Chevron Island development from Ention Properties.

The striking design was inspired by Manhattan&#39;s Flatiron building. The penthouse recently just sold for a record $4.25 million.

To read more about Greenwich, <a href="/news/qld/chevron-island-penthouse-record-set-in-new-york-style-apartment-development-greenwich">click here</a>.

"The bold lines and colours throughout the tower reference aspects of placemaking connecting Old Burleigh Road to Broadbeach Boulevard."

Broadbeach set for new 45-level, Ferro Chow-designed apartment tower

Mirvac has lodged its latest plans for the next stage of its $1 billion Waterfront Newstead community on the banks of the Brisbane River.

The second stage of the ASX-listed developer&#39;s Sky Precinct will see a 25-level mixed-use tower created, homing 135 apartments and 825 sqm of ground-level retail.

The plans have been brought forward due to the success of Quay Waterfront Newstead, the first stage of the masterplanned precinct. That&#39;s nearing sell-out after knocking over $155 million in sales since its April launch.

Designed by the award-winning Mirvac Design team, the new sub-tropical design is focussed on organic forms and a connection to nature. The intent is to create the next iteration in a family of buildings for the Sky Precinct each with its own unique identity.

The building will feature a mix of one, two and three bedroom residences, along with expansive four bedroom pavilions and penthouses.

It will include extensive resident amenity, with a riverside rooftop featuring a pool, sunset bar, sky gardens, wellness spaces,&nbsp;a gym, and a business centre&nbsp;to facilitate the continued trend towards working from home.

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On the ground-floor, it will offer a collection of retail spaces, which integrate with landscaped green enclaves, water features and shaded areas connected to the neighbouring Waterfront Park.

It is anticipated the new building will be released to market in mid-2022, pending approval from Brisbane City Council.

Mirvac Head of Residential Stuart Penklis said the planning phase for the new stage was brought forward shortly after Quay&rsquo;s successful debut to the market in April.

&ldquo;The response to Quay has been phenomenal and we realised early on it was going to reach its sales targets well ahead of schedule, prompting us to start looking at expediting timelines for this exciting next stage,&rdquo; Penklis said.

&ldquo;Our vision is to create a unique building that complements Quay and again develops the &lsquo;Buildings that Breathe&rsquo; principles, with a living green fa&ccedil;ade, soft organic form and significant connection to the surrounding natural environment.

&ldquo;The proposed building takes full advantage of its northern aspect towards the Brisbane River and Waterfront Park, with apartments capturing cooling breezes and residents enjoying significant resort- style amenity designed for lifestyle and wellness.

&ldquo;We&rsquo;ve also carefully considered how the building will interact with the broader Newstead precinct, including an active street-level, which we envision will become a destination in its own right, providing improved linkages to the river, Gasworks and green spaces for the whole community to enjoy.&rdquo;

[smartcode_project:default project_id=109822 project_image_fid=183996]

Mirvac Design Director, Michael Wiener, said the team worked closely with landscape architects, RPS, to develop a lush planting palette that will enhance the liveability of the building and the urban space.

&ldquo;Integrating living greenery with architecture is essential to subtropical design and we&rsquo;ve placed significant focus on this, both in terms of the planned building and how it interfaces with - and expands - Waterfront Park,&rdquo; he said.

&ldquo;In the public space, there will be sculptural shade structures with greenery, screening elements and luxuriant trees, which will look fantastic and enhance people&rsquo;s experience. We see it as the rebirth of a new Waterfront Park that is more reflective of the vibrant Newstead neighbourhood of today.

&ldquo;The apartments have been designed with variable balcony widths to create deep eaves for shelter, planting and cross-ventilation, ensuring residents have every opportunity to make the most of Brisbane&rsquo;s beautiful year-round climate.&rdquo;

Mirvac has been developing its Waterfront Newstead community since 2001, including the completed Pier, Park and Unison buildings and its latest stage, Quay, which is under construction and due for completion in early 2024.

[smartcode_project_cta: project_id=109822]

The second stage of the ASX-listed developer's Sky Precinct will see a 25-level mixed-use tower created, homing 135 apartments and 825 sqm of ground-level retail

Mirvac unveil latest apartment tower in $1 billion Newstead masterplan

<a href="https://www.apartments.com.au/new-apartments/smith-by-valli-collingwood-224-228-smith-street-collingwood-vic-3066">Smith Collingwood</a> is a new boutique apartment development bringing a refined, design-led approach to one of Melbourne’s most established inner-city neighbourhoods.

Designed by <a href="https://www.apartments.com.au/architects/pandolfini-architects">Pandolfini Architects</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/lisa-buxton-interiors">Lisa Buxton</a>, Smith by Valli sits on iconic Smith Street and comprises just 22 residences tailored toward owner-occupiers seeking a more considered style of apartment living.

[smartcode_project:default project_id=140747 project_image_fid=367540]

The design of Smith focuses on a north-facing orientation across all residences, a relatively uncommon feature in dense inner-Melbourne settings. Each apartment has been planned to maximise natural light and outlook, alongside a material palette defined by warm tones, custom joinery, and a full suite of Gaggenau appliances.

The development comprises a mix of one, two, and three-bedroom apartments, with pricing currently ranging from just under $1 million to around $4.85 million for the premium penthouse-level residences, reflecting growing demand for luxury owner-occupier product in Melbourne’s inner urban market.

Residents will also have access to a private rooftop garden designed as an elevated retreat above the city, &nbsp;featuring curated landscaping, veggie boxes, intimate seating areas and spaces for relaxed gatherings. Sustainability has also been integrated into the project through a 7-star energy rating and two secure bicycle facilities for every residence.

[smartcode_project:default project_id=140747 project_image_fid=367529]

Smith by Valli sits in the heart of one of Melbourne’s most established retail and hospitality strips, within walking distance of venues such as Falco Bakery, Carnation Canteen and Alimentari, alongside parks and everyday services. With a Walk Score of 99, the location reinforces the project’s positioning toward buyers prioritising walkability and access over car dependency.

With only a limited number of residences, Smith reflects growing demand for smaller, highly curated apartment developments that prioritise design quality, liveability, and connection to neighbourhood character.

[smartcode_project_cta:default project_id=140747]

Smith by Valli delivers a refined collection of luxury residences to Melbourne’s inner north

<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;

Joel Robinson

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