The longstanding Perth developer, Devwest, is&nbsp;set to bring something unique to the South Perth waterfront.

No stranger to mixing commercial office space in with their residential towers, Devwest, led by Tony Hatt,&nbsp;Chad Ferguson, Damon Ferguson and Brett Lovett, is creating two towers on the dress circle Richardson Street, one residential, one commercial.

It&#39;s the first time Devwest has created two standalone towers of commercial and residential in the same development.

Chad Ferguson, Devwest&#39;s Executive Director,&nbsp;says prospective home owners and business owners are rarely afforded the opportunity to work and live within the same development, while still being separate from the office.

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&quot;It offers the convenience of working from home whilst at the same time allowing purchasers to separate work from home, it&rsquo;s the ultimate arrangement really&quot; Ferguson told Urban.

Ferguson said&nbsp;the&nbsp;development provided a rare&nbsp;opportunity for businesses to own their own space.

&ldquo;The ability to own office space in a landmark building with panoramic water views, in a blue-ribbon CBD fringe suburb, is very rare. Office space of this quality is usually only available to lease.&rdquo; Ferguson said.

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There&#39;s already been a sale to a small business owner, who has secured an office space in the commercial tower, and an apartment in the neighbouring tower.

&quot;We thought this type of arrangement may appeal to some people and it has already proven to be the case,&quot; Ferguson added.

Living near the office is something Ferguson knows only too well.

&quot;When I started out in early 2000, my apartment was located directly above our office,&quot; Ferguson said.

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&quot;My apartment was actually hard wired to the server!&quot;

Designed by MJA Studio, One Richardson will have 75 apartments across its 13 levels. Construction&nbsp;firm EMCO is undertaking the build, with completion slated for Q1 2024.

Ferguson is expecting buyers to be anyone from first home buyers and owner-occupiers to investors.

&quot;It&#39;s a bluechip location for anyone,&quot; Ferguson said.

&quot;It fronts the Swan River, enjoys easy&nbsp;access to the surrounding parks&nbsp;and golf course, and is easily&nbsp;accessible via the freeway and the future&nbsp;South Perth Railway Station, which will be on the doorstep.&quot;

One Richardson will have&nbsp;uninterrupted views of Richardson Park, Royal Perth Golf Course and the Swan River. Buyers can choose from one and two-bedroom apartments, or the unique two and four-bedroom, two-level lifestyle apartments that are located on the upper levels.

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Joel Robinson

Devwest launch unique South Perth apartment development, One Richardson

Colliers Residential Victoria has been appointed by Lendlease as the master agent for its Melbourne Quarter East Tower, the largest apartment tower ever developed and constructed by Lendlease.

Located at 628 Flinders Street in Docklands, at Lendlease&rsquo;s $3 billion Melbourne Quarter precinct, the 40-storey tower is designed by renowned architects Fender Katsalidis, and developed by a joint venture of Lendlease and Mitsubishi Estate Asia. East Tower was completed in mid-2020.

&ldquo;Offering expansive views of the Melbourne CBD, Port Philip Bay and the Yarra River, as well as resort-style amenities across three floors, Melbourne Quarter East Tower is home to 719 one, two and three bedroom apartments,&rdquo; Brett Griffith, Colliers&rsquo; Director of Residential, said.

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East Tower is part of the vibrant Melbourne Quarter precinct situated between Collins and Flinders Streets and encompasses world-class design and stylish city living together with commercial buildings, dining, shopping and green spaces.

Renowned architects Fender Katsalidis, Denton Corker Marshall, Woods Bagot and John Wardle Architects, joined forces with urban design specialists Aspect Oculus, to create the landmark development.

East Tower redefines urban living with sweeping views, a neighbourhood park and a host of retail amenities, all right at its doorstep.

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&ldquo;With an unrivalled location next to Melbourne&rsquo;s main transport hub, Southern Cross Station, an apartment at Melbourne Quarter East Tower makes the entire city your home,&rdquo; Griffith said.

&ldquo;As an East Tower resident, you&rsquo;ll also enjoy exclusive access to three floors of resort-style amenities at&nbsp;Club MQ. From private dining spaces with fully-equipped kitchens, to a resident&rsquo;s lounge and a private theatrette, these exclusive areas are perfect places to socialise, collaborate or escape to.

&ldquo;Residents can keep in shape with access to gym facilities, including a private wellness space, a spa and sauna, plus a 25 metre indoor swimming pool. &ldquo;

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From high-rise &lsquo;Skyhomes&rsquo; with panoramic city or bay views, to boutique apartments overlooking the green oasis below, East Tower at Melbourne Quarter maximises views and natural light.

[smartcode_project_cta: project_id=3459]

From high-rise ‘Skyhomes’ with panoramic city or bay views, to boutique apartments overlooking the green oasis below, East Tower at Melbourne Quarter maximises views and natural light

Lendlease appoint Colliers to market Melbourne Quarter East Tower

The Brisbane unit market was the best performing across every capital of February, according to CoreLogic&#39;s&nbsp;Monthly Hedonic Home Value Index.

Values jumped 1.5%, following the 1.4%&nbsp;gains over January. Values are now 2.9% up over 2022 already, well on their way to matching the 14.4% growth over 2021,&nbsp;

The quarterly performance, up 4.5%, is the highest in the country for the unit market.

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The median apartment value in Brisbane is now $468,393. At the start of 2021, it was just over $390,000.

Recent figures from PRD Research suggest price growth will continue. PRD calculate the&nbsp;the inner median unit price sits at $530,000. The middle is $467,000. The outer median sits at $397,000.

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&quot;The outer-ring provides affordability for first home buyers and is also the fastest growing,&quot; the report noted.

&quot;Buyers must be quick to secure their property.&quot;

&quot;There is a revival in the unit market after a period of price discounting in mid-2020.&quot;

Mosaic Property Founder and Managing Director Brook Monahan recently told Urban that he believes Brisbane apartment market has the most potential for growth in Queensland.

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&quot;There&#39;s just not enough high quality built form for owner occupiers wanting bigger units, and world class amenity, in the five kilometre ring around Brisbane,&quot; Monahan said, suggesting there&#39;s been a chronic undersupply for that type of buyer&nbsp;since around 2018.

&quot;That issue is getting worse, not better, with the amount of people still moving to Brisbane,&quot; Monahan added.

The quarterly performance, up 4.5%, is the highest in the country for the unit market

What happened to Brisbane apartment values over February?

Melbourne apartment values bounced back from a decline across January, posting 0.1 per cent gains in February, CoreLogic&#39;s Monthly Hedonic Home Value Index showed.

The growth outstripped houses, which were flat across the month.

Apartment values across Melbourne rose seven per cent over 2021, which was the lowest growth across all major capitals, namely due to the extended lockdowns Victorian&#39;s faced.

Overseas arrivals and seasonal rental market strength have given a shot in the arm to the rental market, which has been more apparent in the unit market.

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CoreLogic&#39;s Head of Research Tim&nbsp;Lawless says the&nbsp;stronger trend in unit rents is most visible in Sydney and Melbourne.

&ldquo;Anecdotally, demand for unit rentals in these cities has been bolstered by a combination of worsening rental affordability deflecting more demand towards the higher density sector, where rents tend to be lower, and demand starting to return from overseas arrivals,&rdquo; Lawless&nbsp;said.

With the pace of growth in housing values softening while rental growth holds reasonably firm, the gross yield profile has finally stabilised at 3.2%, the lowest rate on record. Sydney (2.4%) and Melbourne (2.8%), which have the lowest yield profiles, recorded a slight strengthening in gross yields this month, as rental growth nudges higher than growth in housing values.

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Lawless believes&nbsp;we could be seeing rental yields moving through the bottom of their cycle.

&ldquo;After several years of yield compression where gross rental yields reached historic lows across most of Australia&rsquo;s capital cities, we are finally seeing early evidence of yield repair. If rents continue to rise faster than housing values, which is a strong possibility in Sydney and Melbourne, yields will continue to improve.

&ldquo;Cities such as Brisbane and Adelaide, where housing values are still consistently rising faster than rents, are likely to see yields compress to new record lows.

&quot;Despite the downwards trend, yields in these cities remain well above Sydney and Melbourne levels,&rdquo; Lawless said.

&nbsp;

Apartment values across Melbourne rose seven per cent over 2021, which was the lowest growth across all major capitals, namely due to the extended lockdowns Victorian's faced

What happened to Melbourne apartment values in February?

It&#39;s taken just three months for the newly completed Croydon apartment development, L1ON Croydon, to nearly sell all of its apartment.

The boutique development at 1 Lion Street, Croydon, in Sydney&#39;s inner-west, has just 35 apartments in the two buildings designed by Benson McCormack Architects.

The one, two and three-bedroom apartments have primarily been a hit with local first home buyers, as well as local&nbsp;owner-occupiers who took advantage of the dual-level apartments.

The project has been&nbsp;built and developed by construction veterans and property developers Hone Constructions, who have&nbsp;over 15 years&#39; experience in the property industry.

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&nbsp;

Alexander Vrisakis, director at HAUS Agency who has been handling the sales process, said the location of&nbsp;L1ON Croydon was a strong driver in purchasing.

&ldquo;We know that Croydon is a wonderful location, just 20 minutes from the CBD, and buyers that have been eager to secure their first home somewhere that makes commuting to work easy,&rdquo; Vrisakis said.

L1ON&nbsp;Croydon is close to both Ashfield and Croydon train stations, and is also well connected to the CBD by the extensive bus network. It sits within close proximity to&nbsp;parks, sports and aquatic centres, as well as public and private schools like PLC Sydney and De La Salle College Ashfield.

[smartcode_project:default project_id=95518 project_image_fid=191818]

Residents are also close to shopping centres like Westfield Burwood and Ashfield Mall, plus all the eateries, cafes and bars of nearby Haberfield and Burwood.

L1ON&nbsp;Croydon apartments are kitted out with&nbsp;Fisher &amp; Paykel appliances, engineered European oak flooring, Caesarstone kitchen benchtops and bespoke blinds and LED lighting throughout.

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HAUS Agency Director Sean Dowling said it&#39;s rare to find such high-quality apartments that are untouched and available to purchase now.

&ldquo;We&rsquo;ve seen solid results, with a big draw card being the fact that the development completed on 1st&nbsp;February *and is ready to move in now,&quot; Dowling said.

&nbsp;

One-bedroom apartments at L1ON&nbsp;Croydon&nbsp;are priced from $730,000.

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The one, two and three-bedroom apartments have primarily been a hit with local first home buyers, as well as local owner-occupiers who took advantage of the dual-level apartments

L1ON Croydon apartments snatch local first home buyers as sell-out approaches

Infinity, the Bassar Construction Group-developed apartment tower in the heart of Broadbeach, is the&nbsp;latest luxury project to sell out in the booming Gold Coast suburb.

The 62-apartment project at 33 Surf Parade was Bassar&#39;s first on the Gold Coast, having previously developed across New South Wales, Melbourne and Canberra.

There&#39;s been an immediate success for buyers, nearly a year before construction is estimated to conclude.

Leo Sarris, who heads up Bassar alongside Simon Bassil, said the project had held its own despite the many challenges thrown at them over the past two years.

[smartcode_project:default project_id=9748 project_image_fid=191772]

&quot;We faced unprecedented challenges when COVID first hit, but once the market understood that we were committed to building Infinity they supported us,&quot; Sarris said.

The majority of sales happened within the first six months of COVID when the world was locking down buy we stayed the course, there was no turning back for us,&quot; Sarris added.

Kollosche New Projects agent Andrew Ramsey, who secured the final sale, a $4,478,000, full-floor apartment to a Melbourne-buyer, said buyer success has been immediate.

&quot;The people who took advantage of Infinity early have done extremely&nbsp;well,&quot; Ramsey said.

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&quot;The value&nbsp;of those apartments has increased considerably - up to 40 per cent - but none are willing to sell because there isn&#39;t anything comparable to buy.

&quot;Even if you could find it, you&#39;d be waiting another two years for newer projects coming to market to reach this stage.&quot;

Hutchinson Builders are currently constructing the 39-level,&nbsp;residential-only building, complete with a 20-metre pool, gymnasium, function room and cafe.

Designed by Gold Coast architects BDA Group, Infinity sits within a short walk of the beach, the Star Casino, Pacific Fair Shopping Centre and Broadbeach Light Rail station.

The 62-apartment project at 33 Surf Parade was Bassar's first on the Gold Coast, having previously developed across New South Wales, Melbourne and Canberra.

Bassar Construction Group sell out Infinity, Broadbeach apartments

Australia 108 is one of Melbourne&#39;s most well known, and well regarded, buildings.

Having completed construction toward the end of 2020, the striking tower, offering the highest residences in the Southern Hemisphere, was designed by the renowned architecture firm Fender Katsalidis, whose goal was to form a bridge between earth and sky.

Australia 108, on Southbank Boulevard, sits next to Eureka Tower, also talked about as one of&nbsp;Melbourne&#39;s best buildings. That too was&nbsp;designed by the team at Fender Katsalidis.

We recently caught up with&nbsp;Nicky Drobis, Director at&nbsp;Fender&nbsp;Ka​tsalidis, to discuss the design process of Australia 108, and how it came to be.

<div>JR:&nbsp;What was the design brief for Australia 108 from World Class Global?</div>

<div>&nbsp;</div>

<div>ND: For what was their first major project in Melbourne, World Class Global partnered with us to deliver their vision for a landmark residential tower in Southbank. The outcome &ndash; the highest residences in the Southern Hemisphere &ndash; reflects a seven-year aspiration for a building intended to feel like a close-knit community, forming a bridge between earth and sky.</div>

<div>&nbsp;</div>

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<div>&nbsp;</div>

<div>JR:&nbsp;What interested you about the project?</div>

<div>&nbsp;</div>

<div>ND: We were most interested in connecting people through a neighbourhood streetscape &ndash; but in a vertical sense. Taking a building-as-precinct approach led to offering new way of living for different sizes of families with residents able to share the beautiful space and luxurious amenities with families and friends.</div>

<div>&nbsp;</div>

<div>JR:&nbsp;How early in the design process did you know Australia 108&nbsp;was going to be&nbsp;the tallest apartment tower in the Southern Hemisphere?</div>

<div>&nbsp;</div>

<div>ND: From the outset, World Class Global and our design team envisaged a distinctive landmark building for Melbourne. The aspiration was always to design a supertall tower in excess of 100 floors. Ultimately soaring to 319 metres in height, Australia 108 became the tallest building in Melbourne and the tallest residences in the Southern Hemisphere.</div>

<div>&nbsp;</div>

<div>
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</div>

<div>&nbsp;</div>

<div>JR:&nbsp;What was the most challenging aspect when designing the tower?</div>

<div>&nbsp;</div>

<div>ND: Whenever approaching something new, especially at such great height, challenges abound. To achieve a build that had never been attempted before in Australia required a lot of innovative thinking and detailed planning. This also presented ample opportunity to develop many new and exciting design and engineering solutions.</div>

<div>
One key consideration was how the structure would cope with tremendous wind speeds of up to 140km/h. To overcome this, the structural stability was bolstered by a super-sized damper tank filled by high-pressure pumps in level 100&rsquo;s subfloor to act as a counterbalance.

Due to local soil conditions, carparking was unable to be placed below ground. We saw an opportunity to create a new typology of open-deck carpark as a series of terraced and interlocking garden beds flanked with large mature palms and cascading foliage.

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One of the greatest construction challenges we faced was how to assemble the starburst structure which cantilevers 6 metres from the building on all sides at more than 200 metres in the air. Constructed from 24 prefabricated steel trusses, each piece was transported at night to allow truck drivers to safely manoeuvre them into loading areas where they were hoisted and secured into position. Purpose-built platforms allowed workers to safely install the feature, protecting themselves and those on the streets below.

JR: When was the golden starburst idea thought of, and how?

ND: From the genesis of the supertall investigation, the starburst had always played a role as the centrepiece of the design. Inspired by the Commonwealth Star, our vision for the distinctive golden Starburst was as a central connection point.

The golden starburst expression is fundamental to both the building&rsquo;s identity and structural composition; the cantilevered structure intervening with the sculptural building&rsquo;s curvaceous form to create a dramatic exclamation mark in the skyline. Intended as a celebration of community within the building, this civic area was envisaged as the tower&rsquo;s &lsquo;town hall&rsquo; and remote working option above the clouds.

[smartcode_project:default project_id=582 project_image_fid=182857]

JR:&nbsp;How important were the amenities to the design of the building?

ND: Central to building a residential community within a supertall tower was to provide residents with generous communal spaces and a high quality of internal amenity. Australia 108 offers more than 4,000 sqm of internal communal space, including dining and function spaces, theatrettes, gymnasiums and many other spaces which allow for programmed events and social activities. 

The starbust alone accommodates a double-height sky garden and two infinity edge swimming pools.

[smartcode_project:default project_id=582 project_image_fid=182867]

JR:&nbsp;Where did you draw inspiration from for Australia 108?

ND: Standing in dialogue with its neighbour, Eureka Tower, Australia 108&rsquo;s material palette shares a golden connection with its fellow&nbsp;Fender&nbsp;Kat​salidis-design supertall tower. However, an entirely different geometry has been expressed in the floorplate of Australia 108. 

Horizontal banding up the building&rsquo;s exterior amplifies the curvilinear shape of the floorplan. The gradient, which intensifies as it works its way up, draws your eyes upward to celebrate the building&rsquo;s form.

JR: Was there another building, either one you&#39;ve previously worked on, or just another in the world, that helped in the design idea process?

ND: Instantly recognisable, Australia 108&rsquo;s elegant silhouette embodies a strong visual relationship with its skyline partner, Eureka Tower. Australia 108 expresses its distinctive identity, while sharing elements of design language and materiality with Eureka, creating a strong, visually symbiotic relationship.

Australia 108 embodies the essence of the city. Its design pays homage to the cultural arts precinct it resides in, connecting masterfully to the Southbank neighbourhood through its deliberately inviting ground-level experience.

JR:&nbsp;What part of the building are you most proud of?

ND: We are most proud of&nbsp;the creation of such a diverse community across more than 100&nbsp;floors. Despite its enormity, Australia 108 is a building that manages to operate and feel more like close-knit community. 

With Australia 108, we have successfully conceived a vertical community in an era when densification of the city is becoming increasingly critical.

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</div>

"From the outset, World Class Global and our design team envisaged a distinctive landmark building for Melbourne. The aspiration was always to design a supertall tower in excess of 100 floors."

"Forming a bridge between earth and sky": How Fender Katsalidis designed Australia 108, the southern hemisphere's tallest apartment tower

The question on everyone looking at the Gold Coast of​f the plan apartment market&nbsp;is &quot;is the growth sustainable?&quot;

Demand has far outstripped supply over the last year or so, with migration to the Sunshine State at record highs following the exodus from the southern states, who are now seeking a more relaxed lifestyle.

Supply won&#39;t be as much of an issue in 2022, with two huge Surfers Paradise projects, Tim Gurner&#39;s La Pelago, and SPG Land&#39;s Paradiso Place, combined producing around 1,700 apartments.

And there&#39;s plenty further opportunity for development up and down the Coast, with&nbsp;savvy apartment owners are getting more bang for their buck when they team up and sell their apartments to a developer, who is just after the most prized asset in the area at the moment, land.

&ldquo;Vendors can achieve a 15-20 per cent increase in the market value of their apartment by selling alongside their neighbours and maximising the development potential of their property,&rdquo; says GV Property Group&rsquo;s Luke Reaby.

GV Property Group, who amalgamate sites for developers, has just listed a site which will be one of the most in demand sites in 2022.

The prime site, an amalgamation of&nbsp;2791 Gold Coast Highway and 37 Armrick Avenue in Broadbeach, will give a developer 2,235 sqm to play with.

<img alt="" height="674" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-02-25_at_1.52.45_pm.png" width="783" />

Pezet Matheson Director Todd Matheson says the site will lend itself to a tower with one, two and three-bedroom apartments, as well as rooftop amenity allowing the residents of the lower levels still to have access to the extensive views.&nbsp;

The site, which comes with an&nbsp;indicative&nbsp;architectural scheme from the Melbourne-based architecture firm Cera Stribley, already has some big developers circling.

<img alt="" height="378" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-03-18_at_9.18.18_am.png" width="529" /> 
The early stages tower scheme proposed by Cera Stribley Architects. Image supplied

&quot;Developers are always keen on seeing what architects have put together for a site pre-purchase,&quot;&nbsp;Reaby says.

&quot;It gives them that level of confidence as to what can go on the site.&quot;

GVPG also has a site for sale down at Palm Beach, on the sought-after beachside of the Gold Coast Highway.

They&#39;ve had six owners of a four-level building band together to sell, with the 825 sqm site at 1177 Gold Coast Highway already attracting a lot of attention.

<img alt="" height="584" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-02-25_at_1.53.12_pm.png" width="846" />

The group initially listed the property with the intention of running an off-market campaign through its&nbsp;local, interstate and international developer network.

&ldquo;After the volume of interest we received through our off-market discussions, we decided we&rsquo;d achieve the best outcome for our vendors by bringing the listing to the public,&rdquo; Reaby said.

&quot;The property is likely to appeal to a range of developers, wanting to capitalize on its the prime location and potential views on offer, as well as the the nine-storey limit of the zone.&quot;

Gold Coast apartment development site demand running in to 2022

The Sunshine Coast&nbsp;developer Cube Developments has lodged plans for a $30 million residential community in Peregian Springs, which will be one of the last opportunities for freehold land in the coveted region.

The community, dubbed Lumeah, will see just 33 land lots released, ranging from 500s qm to 800 sqm.

The 2.79 hectare&nbsp;site on Pavilion Drive was originally pinned for 51 townhouses but instead, Cube is seeking to offer 33 exclusive land parcels.

The project, which has been lodged as a joint venture with Queensland builder McNab, will benefit from its position of being a short walk from the Peregian Springs Shopping Centre, beach and Surf Lifesaving Club and Peregian Beach Village, as well as being close by to well-regarded private and state schools.

Director of Cube Developments Scott Juniper said Lumeah has been designed to fit in with the existing style and feel of the surrounding streetscapes, with plenty of landscaping to its verges.

<a href="/developments/peregian-springs-qld-4573"><img alt="" height="822" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-02-24_at_4.35.33_pm.png" width="1288" /></a>

&ldquo;The site itself is just spectacular, it&rsquo;s nestled within the leafy and well-established community of Peregian Springs and is a stone&rsquo;s throw from some of the best beaches the Sunshine Coast has to offer,&rdquo; Juniper said.

&ldquo;Majority of blocks back onto scenic outlooks and provide unbelievable ocean views.&rdquo;

&ldquo;We made the call alongside McNab to reduce the density from the existing DA approval for 51 townhouses, as we feel as though 33 lots is more aligned with the surrounding residents and will give this estate a truly prized and intimate feel.&rdquo;

Peregian Springs is a small oceanside community just south of Noosa that boasts wide open greenspace, oceans and wildlife conservation sites.

Once approved, it will offer one of the last opportunities for freehold land in the coveted Peregian Springs region.



Cube lodge application for $30 million residential community in Peregian Springs

Following the success of the first release, McGrath Projects has launched the second stage of Grand Reve, the sought-after, design-focused apartment development in Castle Hill.

They&#39;re now marketing Building B, the tallest of the two towers, which are interconnected by an L-shaped, level three podium.

The second stage will feature the remaining 110 apartments of the 196-apartment development, with the first stage now around 65&nbsp;per cent sold.

As part of the final release a penthouse of scale and significance will be offered &ndash; designed to include the ultimate sense of luxury, not yet seen in the Hills area.

McGrath Projects Associate Director Adam Sparkes says he&#39;s seen an increased demand from&nbsp;investors, who are wanting to park their money in a safe asset class and are looking at both the forecasted population growth for Castle Hill and&nbsp;the historically low vacancy rates across Sydney.

[smartcode_project:default project_id=94147 project_image_fid=196709]

There&#39;s also been&nbsp;significant movement from local owner-occupiers and downsizers recently.

In the last few weeks, McGrath Projects sold four of Grand Reve&#39;s large three-bedroom apartments for between $1.65 million and $1.775 million, all to owner-occupiers, indicating the desirability of both the project and the neighbourhood.

&quot;Some are local downsizers who are wanting to sell their big family home, and recognise our three-bedroom apartments are unusually large when compared to other developments in the area,&quot; Sparkes says.

The highest price McGrath Projects has seen over the campaign was from a downsizer couple who paid $2 million for Grand Reve&#39;s largest three-bedroom, which offers&nbsp;138sqm of internal living area and a further 148 sqm external terrace.

[smartcode_project:default project_id=94147 project_image_fid=196710]

Grand Reve is one of Castle Hill&#39;s most impressive developments that has been launched in recent times.

It&#39;s being developed by the&nbsp;award-winning Kassis Homes, led by Sam Kassis who has been in the building industry for over three decades.

One of the buyers of a three-bedroom apartment was an investor who previously had his own home built over a decade ago by Kassis Homes.

Grand Reve&#39;s twin towers have been designed by Turner Studio, who were inspired by the greenery of Castle Hill, as well as the historic&nbsp;Garthowen House, adjacent to the project, which was surrounded by orchards when built.

[smartcode_project:default project_id=94147 project_image_fid=196711]

&quot;We&#39;re really urbanising the concept of the backyard and integrating that in to an urban housing scheme that sits in a suburban context and therefore I think we&#39;re going to end up with a unique project and a unique product,&quot; Turner design&nbsp;director, Nick Turner, said.

Turner worked in collaboration with Arcadia to&nbsp;deliver three curated communal spaces as well as smaller, intimate spaces, which are nestled amongst tree groves and terraced landscaped areas.

[smartcode_project:default project_id=94147 project_image_fid=196703]

Inside the apartments, interiors feature&nbsp;engineered oak timber flooring, stone bench tops and crafted curved timber joinery throughout.

The open plan living, kitchen and dining area are designed to maximise space, both with the 2.7-metre heigh ceilings and the large&nbsp;double sliding doors that extend the space on to a courtyard or balcony.

Grand Reve residents are set to benefit from the location of the project, in the quiet&nbsp;cul-de-sac&nbsp;Garthowen Crescent.

One of the biggest drawcards of Grand Reve is its location, in the heart of Castle Hill.

Sparkes says there&#39;s considerable interest given the location, close enough to benefit&nbsp;from the infrastructure of the $1 billion redevelopment of the Showground Precinct, but far enough away from where dozens of apartment projects are under construction and in the pipeline.

[smartcode_project_cta: project_id=94147]

The second stage will feature the remaining 110 apartments of the 196-apartment development, with the first stage now around 65 per cent sold

Kassis Homes releases final stage of Grand Reve, Castle Hill

One of North Sydney's best-known commercial buildings could become hundreds of new homes, with insurance giant Zurich Australia lodging a State Significant Development Application (SSDA) to transform 5 Blue Street into a mixed-use residential development above North Sydney Station.

Rather than demolishing the existing building and starting again, Zurich is proposing an adaptive reuse project that would convert the landmark office building into a 15-level residential development delivering 62 apartments, 86 affordable co-living dwellings, activated retail and significant upgrades to the Blue Street Plaza.

The proposal reflects a growing trend of commercial property owners repositioning ageing office assets into residential housing as Sydney grapples with housing supply shortages and changing workplace demand.

<img alt="Zurich" data-entity-type="file" data-entity-uuid="0bba7d12-06dc-4375-aad7-238c94b21ac5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%2010.42.05%E2%80%AFAM.png?VersionId=NJl5oLAEBDGuPmY3RnyliKODjMc8lvRh" />

Located directly above North Sydney Metro and train station, the 3,051 sqm site occupies one of the most strategically positioned parcels of land on Sydney's Lower North Shore.

Designed by fjcstudio, the proposal seeks to retain and adapt much of the existing structure while creating a contemporary residential address that better connects with the public domain surrounding North Sydney Station.

The application proposes two basement levels, ground floor retail, affordable co-living accommodation across the podium levels, and apartments above, while preserving and enhancing the publicly accessible Blue Street Plaza.

Rather than pursuing maximum apartment numbers, Zurich has opted for a housing mix heavily weighted towards larger owner-occupier residences.

The proposal includes 62 build-to-sell apartments comprising 12 one-bedroom, 19 two-bedroom, 29 three-bedroom apartments and two premium penthouses. It also incorporates 86 affordable co-living dwellings, which would be managed in perpetuity by a Community Housing Provider.

That balance between traditional apartments and affordable housing reflects the NSW Government's push to increase housing diversity around major transport infrastructure.

The proposal has been lodged concurrently with a rezoning application, with Zurich arguing the site is ideally positioned to support additional housing given its immediate proximity to public transport, employment and services.

"The proposal aims to respond to the housing challenges facing Sydney through the delivery of diverse housing types in a highly accessible location," the design report by fjcstudio states. It also seeks to improve pedestrian amenity through upgrades to Blue Street Plaza while creating a high-performing residential building that responds to the surrounding context.

<img alt="Zurich" data-entity-type="file" data-entity-uuid="36082e15-c636-4481-bb68-5a5f6443fe39" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%2010.41.36%E2%80%AFAM.png?VersionId=5P6VD.fvmqjQfIG3TWWMRXxQWiQBjeFB" />

Rather than replacing the commercial building, fjcstudio has developed a design that works with the existing structural framework above the rail corridor, an approach that significantly reduces demolition while allowing the site to be repositioned as a mixed-use residential precinct.

The existing structural constraints have informed much of the building's design, including its relationship with Blue Street and surrounding public spaces.

The building has been designed as a slender tower rising above a clearly defined podium, with vertically expressed façades intended to reduce the perceived bulk while reinforcing North Sydney's emerging skyline.

According to fjcstudio, the architectural language responds directly to the surrounding commercial towers while maintaining a finer grain expression more closely aligned with the neighbouring Lavender Bay streetscape.

The tower incorporates articulated façade elements, landscaped podium edges and recessed upper levels to soften its appearance and improve pedestrian amenity below.

A significant component of the proposal is the revitalisation of Blue Street Plaza.

The existing public space has long served as one of the primary pedestrian connections between North Sydney Station, Greenwood Plaza and Blue Street, yet its role is expected to become even more important following the opening of Sydney Metro.

Zurich's proposal seeks to strengthen that role by improving landscaping, introducing new retail frontages, enhancing pedestrian permeability and creating more active edges throughout the day and evening.

Ground floor retail would wrap the plaza, while separate residential and co-living entries have been designed to improve wayfinding without reducing street activation.

Landscape design has been integrated throughout the podium and public realm, softening what is currently one of the most heavily urbanised parts of North Sydney.

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fjcstudio has carefully oriented apartments towards Sydney Harbour and the CBD while using privacy blades and articulated façades to minimise overlooking between neighbouring buildings.

Large framed openings along the western elevation maximise harbour outlooks, while the eastern apartments have been angled towards the south-east to improve privacy from neighbouring development.

The project forms part of the continuing transformation of North Sydney from a predominantly commercial CBD into a genuine mixed-use city centre.

Since the completion of Victoria Cross Metro Station, developers have increasingly shifted their attention towards residential projects capable of leveraging the area's unparalleled transport connectivity.

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FiveX recently lodged plans for a 61-storey, 490-apartment tower that would become one of the tallest residential buildings in North Sydney if approved.

Aqualand continues to expand its Lower North Shore presence following the completion of AURA on Walker Street and its recent St Leonards and Roseville proposals.

Developers are also progressing projects throughout Walker Street, Miller Street and the Victoria Cross precinct as demand for well-located owner-occupier apartments continues to strengthen.

First look: Zurich targets North Sydney office conversion with 148-unit proposal above Metro station

Busy developer Aqualand Prestige has formally taken the next step in its expansion across Sydney's Lower North Shore, lodging a State Significant Development Application (SSDA) for its long-held Archer Street site in Chatswood.

The application covers <a href="https://www.apartments.com.au/new-apartments/51-55-archer-street-chatswood-nsw-2067">51-55 Archer Street</a>, a 1,767 sqm amalgamated site on the eastern edge of the Chatswood CBD, where the developer is seeking approval for a 45-level mixed-use tower delivering 114 apartments, including a significant affordable housing component, alongside retail, commercial space and six basement levels of parking.

The SSDA marks the latest milestone for a project Aqualand has been quietly progressing over the past two years. The developer first secured the site for its Aqualand Prestige platform before undertaking an alternative design excellence process with PTW Architects, ultimately avoiding a formal design competition through the Housing Delivery Authority pathway.

The proposal has evolved considerably from Aqualand's original concept. The revised scheme has been designed around larger owner-occupier product, with an unusually high proportion of three and four-bedroom apartments, targeting the more affluent buyer profile, and downsizer, emerging across the North Shore.

<img alt="Archer St" data-entity-type="file" data-entity-uuid="0171204c-5811-41b5-9b09-2335d1b7c3d0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%208.52.48%E2%80%AFAM.png?VersionId=6YTuxfq.puZo7k2wbfgemcO5K3QfXYGQ" />

The 114-apartment mix comprises six studios, 27 one-bedroom apartments, 18 two-bedroom apartments, 50 three-bedroom residences and 13 four-bedroom homes. A quarter of the building will be dedicated to affordable housing, well above the mandated 15 per cent&nbsp;

PTW has structured the building vertically, with affordable housing across levels one to six, premium apartments through levels seven to 31, duplex skyhomes on klevels 32 to 43, a penthouse on level 44, and a rooftop plant level above. Six basement levels will provide resident parking and servicing.

The tower is proposed to reach approximately 154 metres, placing it among a growing collection of residential high-rises transforming Chatswood's skyline.

Rather than competing purely on height, PTW says the design has been driven by creating a slimmer tower capable of delivering significantly larger apartments.

"The primary objective of this project was to create a distinctive building that stands out from the recently approved or built structures in the Chatswood area," the design report states, noting the structural efficiency allows greater investment into apartment quality and resident amenity.

Residents would have access to more than 450 sqm of communal open space including landscaped gardens, swimming pool, rooftop entertaining areas, fitness spaces, community gardens, children's play areas and barbecue facilities.

A major focus of the design has been the public domain.

The ground plane has been opened up through landscaped terraces inspired by Willoughby's sandstone ridges, with native planting, public seating, artwork, retail activation and a series of gathering spaces intended to soften what has traditionally been a hard commercial streetscape.

The landscape strategy references Blue Gum forests once common throughout the area, while incorporating Indigenous storytelling, public art and lighting installations to strengthen the connection to Country.

Chatswood has been one of Sydney's busiest apartment markets over the past 12 months, with a steady pipeline of both new project launches and fresh development applications.

Hyecorp recently launched Celine, a 122-apartment development just along Archer Street, while Changfa and Huirong Group are progressing The Anderson, an 84-apartment project on Anderson Street.

Develotek recently secured approval for a 101-apartment tower on Pacific Highway, while Tian An LFD received the green light for Hammond Greens, its apartment development on the edge of the Chatswood Bowling Club.

Commercial property developer FiveX is also making its move into the residential market. Last month it lodged plans for a 61-storey tower with 490 apartments, which, if approved, would become one of the tallest residential buildings in Chatswood.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-fivex-targets-chatswood-skyline-with-61-storey-tower-after-north-sydney-plans">First look: FiveX targets Chatswood skyline with 61-storey tower after North Sydney plans</a>

Aqualand is also expanding its development pipeline following the launch of its luxury residential brand, Aqualand Prestige. The developer has delivered a string of high-end apartment projects across Sydney's affluent suburbs over the past decade, most recently AURA by Aqualand on Walker Street in North Sydney.

[smartcode_project:default project_id=30959 project_image_fid=292863]

It has since quietly assembled its next wave of projects.

Earlier this year Aqualand launched Boronia in Roseville, a boutique 111-apartment development on Larkin Street. The project is one of the first significant apartment developments to launch in the suburb ahead of what is expected to become one of Sydney's most active new housing precincts under the NSW Government's Low and Mid-Rise Housing reforms, which allow greater density around train stations.

[smartcode_project:default project_id=152095 project_image_fid=373685]

The developer has also lodged plans for a two-tower, 413-apartment development on Herbert Street in nearby St Leonards, further strengthening its presence across the Lower North Shore.

Beyond that, Aqualand remains behind the final stage of Barangaroo, where plans will deliver a five-hectare mixed-use precinct comprising new homes, retail, hospitality and community facilities, alongside a new Metro entrance and more than two hectares of public open space, completing the Barangaroo precinct.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/central-barangaroo-development-takes-big-step-with-concept-proposal-approval">Central Barangaroo development takes big step with concept proposal approval</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-aqualand-joins-st-leonards-apartment-party">First look: Aqualand joins St Leonards apartment party</a> 
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First look: Aqualand pushes ahead with Chatswood apartment tower as SSDA lodged for Archer Street

Mass timber is becoming an increasingly popular construction material in apartment developments, but Adelaide developer <a href="https://www.apartments.com.au/developers/otello">Otello</a> is taking the approach a step further.

At its new <a href="https://www.apartments.com.au/new-apartments/flowe-bowden-18-gibson-street-bowden-sa-5007">Flowe Bowden</a> development, the exposed cross-laminated timber (CLT) structure isn't just about reducing the building's environmental footprint. It also forms the foundation of a broader wellness strategy, influencing everything from indoor air quality and natural materials to the way residents move through and experience the building.

The 115-apartment mixed-use development, designed by Melbourne-based architecture practice Fieldwork, will occupy a prominent island site opposite Bowden Village Reserve, combining one, two and three-bedroom apartments with retail and a dedicated wellness destination.

[smartcode_project:default project_id=152022 project_image_fid=375528]

Wellness isn't confined to a gym or shared resident facility at Flowe. Instead, Fieldwork embedded the concept into the building itself.

The development has been split into two residential wings connected by a naturally ventilated central breezeway, replacing traditional enclosed corridors with open-air walkways that improve natural light, encourage cross ventilation and create more opportunities for neighbourly interaction.

"Rather than treating wellness as something that only happens on the ground floor, our response integrates it throughout the building, which led us to ask what it really means to design a healthy building," Fieldwork Director Quino Holland said.

[smartcode_project:default project_id=152022 project_image_fid=375531]

The building's architecture also reflects Bowden's industrial heritage. The lower podium references the area's historic brick and sandstone buildings, while the upper levels transition to exposed CLT, allowing the timber structure to become a defining feature throughout the apartments and shared spaces.

The use of mass timber sits alongside a range of sustainability initiatives, including a fully electric, gas-free design, rooftop solar and a targeted 5 Star Green Star rating.

[smartcode_project:default project_id=152022 project_image_fid=375524]

Inside the residences, the focus remains on natural, durable materials. Blackbutt engineered timber flooring, exposed CLT ceilings, porcelain surfaces and warm timber joinery create a calming interior palette, while low-VOC finishes and responsibly sourced materials have been selected to improve indoor air quality.

Kitchens have been designed as the centrepiece of each apartment, featuring porcelain island benchtops, timber-look cabinetry and brushed steel tapware, with layouts that maximise natural light and ventilation.

[smartcode_project:default project_id=152022 project_image_fid=375530]

The more traditional interpretation of wellness comes in the form of Level Eleven, a two-storey wellness club spanning the ground floor, mezzanine and first floor.

The facility will include a gym, yoga and reformer Pilates studios, Finnish and infrared saunas, magnesium hot and cold plunge pools, and dedicated recovery spaces. Unlike many residential wellness facilities, Level Eleven will also operate commercially, allowing the broader Bowden community to access the venue while giving residents exclusive membership benefits.

The ground floor has also been designed around everyday living. A café overlooking Bowden Village Reserve will activate the street frontage, while a bike workshop with tool storage, co-working space and dog wash has been incorporated to support daily routines and encourage interaction between residents.

"Flowe brings together my two biggest passions, creating places and creating healthier lives," Otello founder Daniel Harris said.

"We wanted to create something Adelaide hasn't seen before, a genuinely healthy building, where the way you live is lifted without even trying."

Flowe is positioned directly opposite Bowden Village Reserve and within walking distance of Bowden Railway Station and the Adelaide Entertainment Centre, placing future residents just minutes from the Adelaide CBD while remaining connected to one of the city's most established urban renewal precincts.

[smartcode_project_cta:default project_id=152022]

Otello launches wellness-focused Flowe Bowden with Adelaide-first mass timber apartment design

Not all apartment amenities are immediately visible.

Swimming pools, gyms, rooftop terraces and residents' lounges have long featured on buyers' wishlists, but as the way Australians live has changed, so too have the features that make apartment living more convenient.

Increasingly, buyers are placing value on the practical aspects of day-to-day life. Fast internet, EV charging, secure bike storage, flexible workspaces and parcel management are becoming just as relevant as lifestyle amenities, reflecting changing habits and expectations.

Online shopping has been one of the biggest drivers of that shift.

Australians spent a record $82.6 billion shopping online in 2025, with almost one in every four retail dollars now spent digitally, making parcel deliveries a routine part of everyday life rather than an occasional convenience.

For apartment residents, however, receiving those deliveries isn't always straightforward.

Without someone home to accept a parcel, deliveries can be redirected to a nearby Post Office, left in building foyers or common areas, or require building management to temporarily store packages. As apartment living continues to grow across Australia's cities, parcel management has become an increasingly important consideration for both residents and developers.

Australia Post's Parcel Locker network is one response to that shift.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/KPZ9j5FRdsQ?si=Qztc1dNP3ZvEIUhb" title="YouTube video player" width="560"></iframe>

Rather than relying on home delivery, eligible parcels can be directed to a nominated Parcel Locker, where they're securely stored until collected. Once a parcel arrives, residents receive a notification through the AusPost app or SMS and can retrieve it using a one-time code or QR code at a time that suits them.

The network has expanded to more than 1,500 locations nationwide, with Parcel Lockers positioned at Post Offices, shopping centres, supermarkets, transport hubs and, increasingly, within or alongside residential developments.

That growing presence reflects a broader change in how apartment buildings are being planned.

Developers are increasingly considering the operational side of apartment living alongside traditional lifestyle amenities. Just as secure mailrooms, bicycle storage and EV charging have become more common inclusions, parcel management is emerging as another feature that supports everyday convenience.

It also helps preserve the arrival experience within a building. Carefully designed lobbies and communal spaces can quickly become cluttered when deliveries accumulate, while secure parcel solutions reduce the likelihood of missed deliveries or parcels being left unattended.

For buyers comparing apartments, these everyday details are becoming part of the decision-making process.

Location, floorplans and finishes remain fundamental, but the features that simplify daily life are carrying greater weight than they once did. As online shopping continues to shape consumer behaviour, secure parcel delivery is increasingly becoming another amenity worth looking for.

Parcel delivery is joining the apartment amenity checklist

Inca Property Group has lodged a State Significant Development Application (SSDA) for Dawn, a 53-apartment oceanfront development overlooking Mona Vale Beach.

The proposal, at 35-39 Darley Street East, would replace an existing 18-apartment strata building with a new owner-occupier-focused development comprising 53 two and three-bedroom apartments, including nine affordable built-to-rent residences delivered under the State's infill affordable housing scheme.

Positioned on a 2,679 sqm elevated site around 280 metres from Mona Vale Beach, the development has been designed to maximise panoramic ocean views while responding to the site's sloping topography.

<a href="https://www.apartments.com.au/developers/inca-property-group">Inca Property Group</a> Managing Director Josh Thompson said the State Significant pathway provided greater certainty for projects of this scale.

"This State Significant pathway gives the team real certainty to progress <a href="https://www.apartments.com.au/new-apartments/dawn-35-39-darley-street-east-mona-vale-nsw-2103">Dawn</a> through to completion," Thompson said.

"It allows us to acquire a one-off site, design it carefully and deliver the right offering for the suburb, assessed by the NSW Government's planning department."

The project is one of the first developments in the area to be assessed under the NSW Government's Low and Mid-Rise Housing policy, with the site sitting on the edge of the policy's designated inner area.

The proposal includes three basement levels providing 124 car spaces, alongside a range of resident amenities including a swimming pool, gym, sauna, wellness facilities and private plunge pools for selected ground-floor and penthouse apartments.

<img alt="Dawn" data-entity-type="file" data-entity-uuid="fc1a1daf-0ce4-4f12-9076-b1fa553c7a91" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-21%20at%208.42.11%E2%80%AFAM.png?VersionId=4GZ9h.gpNkTljbxyAET8Jfhv51XUamDm" />

Thompson said Dawn had been designed specifically for owner-occupiers and downsizers, a buyer profile that has driven demand across Inca's recent Upper North Shore developments.

"The majority of buyers in our recent North Shore projects have been downsizers, and we are learning exactly what this market is looking for. Beyond the location itself, we have included resort-style amenities to deliver a genuine lifestyle offering," Thompson said.

Located within walking distance of Mona Vale Beach, the town centre, Mona Vale Golf Club and the Royal Motor Yacht Club, Dawn represents Inca's first Northern Beaches project following the sell-out of Tara on Park in Waitara and Ellis Residences, currently under construction in St Ives.

Construction will be undertaken by Inca's in-house construction arm, GOP Constructions.

Dawn is the latest major apartment proposal for Mona Vale, with the suburb emerging as one of the key beneficiaries of the NSW Government's new Low and Mid-Rise Housing policy.

New developer One Living, led by industry veteran Joseph Scuderi, recently secured a site on Mona Vale Road, on the border of Mona Vale and Pymble, where it is planning around 140 apartments.

IPM is also planning its third project in Mona Vale, significantly increasing the scale of its previous developments with an 82-apartment proposal at <a href="https://www.apartments.com.au/new-apartments/159-167-darley-street-west-mona-vale-nsw-2103">159-167 Darley Street West</a>, opposite Bayview Golf Course and less than 800 metres from Mona Vale town centre.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/one-living-enters-sydneys-new-apartment-market-with-northern-beaches-site-acquisition">One Living enters Sydney's new apartment market with Northern Beaches site acquisition</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-ipm-plans-third-mona-vale-project">First look: IPM plans third Mona Vale project</a>

Joel Robinson

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