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The sales price achieved by Charter Hall Office REIT for NCR House at 8-20 Napier Street, North Sydney. The sale represents a market cap rate of 8.75% and a capital value of $5,390 per square metre. Settlement is expected in September 2011.  The net sale price is in line with the June 2011 book value of $57 million and represents a $6.1 million or 12% gain, on cost and a 10% internal rate of return per annum since acquisition of the property 10 years ago. The sale was brokered by Simon Fenn, senior director at CB Richard Ellis.
 
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The initial yield achieved on a prominent sandstone building in Rose Park in Adelaide acquired at auction by a local owner-occupier for $1.325 million. The 550-square-metre site is at 62 Kensington Road and includes nine on-site car spaces as well as rear lane access. The single-level building has a gross lettable area of approximately 189 square metres. CB Richard Ellis’ Will Brown and Ben Younger steered the auction campaign on behalf of a local Adelaide investor who had owned the property for almost 20 years.
 
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The price retail entrepreneur Brett Blundy’s investment company, <a target="_blank" title="Brett Blundy buys on Mornington Peninsula" href="https://www.propertyobserver.com.au/news/brett-blundy-buys-mornington-peninsula-bulky-goods-centre/2011072650917">BB Retail Capital, paid for a bulky goods centre on Melbourne’s Mornington Peninsula</a> from Mirvac. The centre has 32,000 square metres of gross lettable area and is located at 29 Mornington Peninsula. The Savills valuation for Mirvac reflected a 9.75% cap rate. The Peninsula Lifestyle Centre is located on the corner of Nepean Highway and Bungower Road in Mornington, about 15 minutes south of the Frankston CBD.
 
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The total area of office units 4 and 5 at 19 Trenerry Street, Weston in the ACT, bought by Racing and Sports Property Trust at auction. Racing and Sports Property trust spent $907,500 on the units, equating to $3,276 per square metre. One of the units is tenanted by Teachers Credit Union on a three-year lease, the other is vacant. The property was marketed by Michael Heather, associate director of CBD sales at Colliers International. 
 
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The size of Hunter Valley vineyard Windsor’s Edge <a target="_blank" title="Hunter Valley vineyard sells to Chinese investor" href="https://www.propertyobserver.com.au/rural/windsor-s-edge-vineyard-bought-by-chinese-investor/2011072450894">bought by a Chinese investor for $2.7 million</a>. The property sold through Cain Beckett at Jurd’s Real Estate. Windsor's Edge is a small family-operated resort with cellar door at Pokolbin in the centre of the Hunter Valley vineyards. The land is adjacent to the Vintage Resort golf development, on the corner of a major tourist route.
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lschlesinger-FZcF9M3vE6

Commercial hammer prices

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The gross rent per square metre that environmentally friendly bed and bath company Eco Downunder will pay to lease a 67-square-metre shop at 565 Military Road in Mosman from a private investor. The three-year lease term was negotiated by Tom Doran from Doran Commercial.
 
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The amount of fully fitted-out office space that Bank of Queensland has leased over three levels at 144 Edward Street in the Brisbane CBD. The three-year deal, commencing in August 2011, was negotiated by David Goldfinch, Savills Queensland associate director of office leasing. The new lease coincides with the expiry of Bank of Queensland’s lease at 259 Queen Street. The price is undisclosed, but market sources say it is around the $550 per square metre mark. In April this year, AGL Energy paid $769 per square metre to lease 550 square metres of office space at the same address.
 
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The gross rent that the Australian Institute of Management will pay to lease 744 square metres of office space at Childers Square, 14 Childers Street, in Canberra. The five-year deal was negotiated by Michael Ceacis, associate director of government services on behalf of the Amalgamated Property Group, and has a start date of September 1, 2011. Other tenants in the building include NAB, Bureau of Meteorology, Commonwealth Ombudsman, Legal Aid, and Sparke Helmore Lawyers.
 
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The size of an office that graphic designer Fluency and MW Creative have leased at 205/206 441 Elizabeth Street, in Surrey Hills, Sydney. The one-year lease term was negotiated by Kylie Doust from DB Property on behalf of Laoutaris Holdings.
 
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The gross rent per square metre that education provider HBA Learning Centres will pay to lease a 96.1-square-metre office at 275 Alfred Street in North Sydney from Fivex Commercial Property. The two-year lease term was negotiated by Laura Hilder from Aspace Estate Agents.
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Commercial leasing: Watch this space

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<img src="/images/stories/250-m.gif"><div>The sum total of investments to be made in the Perth and Melbourne CBD office markets by listed US developer Brookfield Office. Brookfield will acquire a 50% interest in the BankWest Tower. The building, which is 87% leased with BankWest as the anchor tenant, is located on the corner of St Georges Terrace and William Street in Perth CBD. Brookfield will also buy the 20-storey, 46,000-square-metre Southern Cross West office tower bordering Bourke and Little Collins streets in the Melbourne CBD. The BankWest Tower acquisition is subject to Foreign Investment Review Board approval.</div>
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<div>The price paid for a <a href="https://www.propertyobserver.com.au/commercial/fashion-royalty-boosts-queen-street-s-leasing-pedigree/2011062250571" title="Fashion royalty brings Queen Street pedigree" target="_blank">retail space on 84 Queen Street, Woollahra</a>. The property was sold by Ben Vaughan from Laing &amp; Simmons Woollahra in conjunction with John Knott from Richardson &amp; Wrench Commercial at auction. The shop, on one of Sydney’s most prestigious and tightly held shopping streets, was the home of antiques retailer Howell &amp; Howell for 30 years.</div>
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The price paid by Eltura Services for a food preparation facility at 6-8 Commercial Road, Marleston, in Adelaide’s inner west. The property includes cool rooms, freezer and commercial kitchen space plus storage area. The sale was negotiated by Colliers agent Justin Fried.
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<div>The amount of money coal mining executive <a href="https://www.propertyobserver.com.au/new-south-wales/redfern-proving-magnetic-for-coal-execs/2011062250564" title="Redfern proves magnetic for coal execs" target="_self">Peter Bond from Linc Energy spent on the 125-year-old former Redfern post office</a>, at 113 Redfern Street, Sydney. Bond acquired what is now an office building as an investment property. The building sold through McGrath agents Paul Ephron and Ben Forsyth. It was recently sold by publicist Max Markson, who had used the heritage property as the base for his publicity business Markson Sparks. Markson had bought it from Sorin Dascalu &amp; Associates in 2006 for $1.9 million. The 480-square-metre building was built in 1882.</div>
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The price achieved by CB Richard Ellis agent Rem Rafter for a 3,682-square-metre industrial property at 45 Wises Road, Maroochydore on the “difficult” Sunshine Coast on behalf of privately held Tichborne Pty Ltd. The company bought the property from the developer in 2000 for $1.6 million. Rafter says the deal has been struck at a yield of 8%. The property has been acquired by an unnamed Sunshine Coast investor in an off-market sale. The Australian Post currently leases a 1,100-square- metre warehouse on the block of land as a delivery centre and holds the lease until December 2012 at an annual net rental of $240,000 with a five-year option to renew.
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The amount of space bicycle retailer 99 Bikes has leased at 1 Capital Place, Kawana Business Village in Kawana Waters on the Sunshine Coast for its latest store. The eight-year lease with a further seven-year option was secured at a rental of approximately $77,605 per annum gross in a deal negotiated by Hayley Donnelly of Savills Sunshine Coast. The brand 99 Bikes is 50% owned by Flight Centre. Capital Place was developed by the Pellicano Group and features total retail space of 6,000 square metres.
 
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The price per square metre that community care group Anglicare Australia has paid to lease 760 square metres of office space in ACTEW House at 221 London Circuit, in the Canberra CBD. A five-year lease agreement was negotiated by Michael Ceacis, associate director of government services at Colliers on behalf of The Molonglo Group. The building has been the subject of a recent major refurbishment, including the facade.
 
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The length of the lease signed by Kmart Tyre &amp; Auto Service for 570 square metres of retail space at 2 Kembla Street, Fyshwick in the ACT. The deal was negotiated by Colliers agents Shelley Thomson and Peter Triantafillopoulos on behalf of Graham Rumble. Kmart Tyre &amp; Auto Service will pay $175 per square metre to lease the corner position in the industrial suburb nine kilometres southeast of the Canberra CBD. The retail space was previously tenanted by car manufacturer Subaru.
 
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The gross per square metre price that Next Telecom will pay to lease a 297-square-metre office suite at 9 Help Street, Chatswood in Sydney. The telco has signed a three-year lease agreement with a three-year renewal option. The deal was negotiated by commercial agent Michael Vanstone from Hartigan Bolt on behalf of Centuria Property Funds. 
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The <a href="https://www.propertyobserver.com.au/commercial/former-owner-jumps-at-opportunity-to-buy-back-friendly-inn/2011082251247" title="Friendly Inn sells" target="_blank">price paid by publican Peter Thompson to acquire the 1890s Friendly Inn Hotel in Kangaroo Valley</a> in the NSW Southern Highlands at auction. The 14,440-square-metre property last sold for $3.367 million in August 2005 and has been in receivership since April 2011. It was marketed by Joel Fisher, Glenn Price, Greg Haines and Dugald Parsons from CBRE Hotel on behalf of receivers PKF Chartered.
 
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The yield achieved on an industrial property at 72-74 Oatley Court, Belconnen in the ACT sold to Golbay Pty Ltd at auction. The 647-square-metre site comprises a single-storey service trades’ development containing two units, which are both leased on five-year leases until 2014. The campaign was steered by Michael Heather from Colliers on behalf of receivers PPB Advisory.
 
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The amount<a href="https://www.propertyobserver.com.au/commercial/bunnings-shells-out-for-big-prawn-site-but-has-no-plans-for-its-renovation/2011081851207" title="Big Prawn sold" target="_blank"> Bunnings paid for the iconic Big Prawn and accompanying 2.5-hectare site in Ballina</a>. It last traded in 1999 at $3.6 million. It cost $500,000 and took six months to erect in 1989-90. It had been listed through Michael Shay at LJ Hooker and North Coast Commercial Real Estate agent Troy Outerbridge.
 
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<img src="/images/stories/1point02m.gif">The price paid for a vacant childcare centre previously licensed for 30 places in Matraville, Sydney that sold under the hammer through Paul Hunter of Cushman &amp; Wakefield.  The centre is located at 36 Moorina Avenue in Matraville, in the eastern suburbs of Sydney. It was purchased by a private owner-operator. The property was sold on behalf of receivers and managers appointed by the mortgagee.
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<img src="/images/stories/383.jpg"><div>The difference between the total value of<a href="https://www.propertyobserver.com.au/commercial/after-a-year-of-few-sales-perth-cbd-office-market-heats-up/2011071750826" title="Perth CBD office sales" target="_blank"> Perth CBD office sales </a>clocked up to date this year and the value during the same period in 2010. For the year to date a total of $533 million worth of transactions have taken place in the Perth CBD, compared with just $150 million in the first six months of 2010. Major deals include Stockland selling a 50% holding in the 52-level BankWest Tower on St Georges Terrace for $130 million to joint owner Brookfield Prime Property Fund.</div>
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The passing yield on a medical centre in Golden Grove in Adelaide’s north east bought by a private investor for $4.2 million. The 1,139-square-metre property at 205 The Golden Way is a fully leased medical complex. The sale was negotiated by CB Richard Ellis’s Ben Younger and Alistair Laycock on behalf of Impact Investment Corporation.
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<div>The price an investor paid for the 7<a href="https://www.propertyobserver.com.au/commercial/hoppers-crossing-7-eleven-sells-for-%243.49-million-with-nine-bidders-missing-out/2011072050862" title="7-Eleven sales" target="_blank">,451-square-metre 7-Eleven retail site at Edensor Park</a> on the corner of Cowpasture and Elizabeth roads at auction on July 20. The property was one of five Victorian properties sold at auction by Jones Lang LaSalle. They were marketed by Jones Lang LaSalle agents Steve Bolton and Ben Galanos. The Edensor Park has guaranteed annual rent of $210,000 and has a passing yield of 6%.</div>
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The amount an owner-occupier developer has paid for an industrial property at Cockburn Central, south of the Perth CBD. The property is a vacant site at lot 801 on Hammond Road and measures 12,734 square metres. Greg O’Meara from Colliers negotiated the sale on behalf of the vendor Baxter Hill, a division of the Victoria Costa Group of companies.
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The passing yield on a 1,352-square-metre single-storey commercial building on the corner of Leeton and Mildura streets, Fyshwick, ACT. The building was sold for $3.45 million by Jim Shonk and Michael Heather from Colliers on behalf of PPB Advisory to a local syndicate. This property was listed as “an attractive investment with a good lease covenant and the potential to vary the purpose clause to permit residential”. The current tenant is Australian Technology Information, which has leased the building until June 30, 2015 with a three-year renewal option.
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The price paid for a 5,411-square-metre industrial site comprising two warehouses at 715 Ingham Road, Mount St John in Townsville. The property was sold to primary producers from Mareeba in far north Queensland by Ray White Commercial Townsville director Graeme Russell. The property contains two showroom warehouses with long-term leases to Gleeman Truck Parts and Boltmasters. The current net rental income is $293,230 per annum, providing a yield of around 8%.
 
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The yield achieved on the sale of 2,400-square-metre shop in the Stables Shopping Centre on Childs Road in Mill Park, Melbourne. The shop sold ahead of auction for $3.25 million in a deal negotiated by Billy Holderhead and Jamie Perlinger from Burgess Rawson in conjunction with Michael Ryan and Fred Nucara from Beller TBM Commercial. The shop is tenanted by second-hand retailer Savers. Net rent is about $369,000 per year.

 
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The amount Adelaide-based developer Prime Space Projects paid for two adjoining commercial buildings at 358-374 Wickham Street in Brisbane’s Fortitude Valley. The two buildings occupy a site a total site of 2,139 square metres and were purchased from Brisbane’s De Pasquale family. The buildings feature a combined net lettable area of 2,601 square metres, with Lexus and Godfreys the major tenants. The off-market transaction was negotiated by Peter Chapple and Greg Harris of Savills. Prime Space Projects plans to redevelop the site.
 
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The price achieved at auction for a<a target="_self" title="Hoppers Crossing loses some of its bounce" href="https://www.propertyobserver.com.au/commercial/retail/hoppers-crossing-loses-some-of-its-bounce/2011080351017"> 90-square-metre shop located at 266 Derriumt Road, Hoppers Crossing</a> in Victoria. There was just one bidder for shop three, tenanted by Noodle Land at a yield of 7.9%. The retail spot was marketed by Billy Holderhead and Jamie Perlinger from Burgess Rawson and brings in annual net rental income of just under $50,000.
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The amount Fender Geophysics will pay per square metre (gross) in one year plus a one-year option lease agreement for a 40-square-metre office at <street><address>283 Alfred Street</address></street> in <place>North Sydney</place>. The agreement was negotiated by Mitchell Woods from Aspace Estate Agents.
 
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The length of a new lease agreed to by XtremeHobby.com.au for <street><address>241 Ferntree Gully Road</address></street>, in Mt Waverley in <city><place>Melbourne</place></city>’s eastern suburbs. The 1,000-square-metre showroom will be used as exhibition space for remote-controlled model aeroplanes and helicopters. The deal was negotiated by Lynton Williams from Savills on behalf of a private <city><place>Melbourne</place></city> investor.
 
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The combined size of the office and warehouse at <street><address>18 Allworth Street</address></street>, Northgate in <city><place>Brisbane</place></city> that aircraft cabin cleaning service Broadlex Air Services will lease for three years. The deal was negotiated by Steve Black of Ray White Commercial Pine Rivers. The property has an estimated net rent of $70,000 a year.
 
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The street number on the 
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</address> in <city style="outline-style: none; outline-width: initial; outline-color: initial;"><place style="outline-style: none; outline-width: initial; outline-color: initial;">Sydney</place></city> where Perla Mar will rent a 55-square-metre showroom and warehouse. The food importer will pay $247 gross per square metre. The three-year lease was negotiated by CB Richard Ellis agent Viktor Desovski on behalf of Rocca Building NSW.
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Commercial leasing: watch this space

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The size of a Goodman Group-owned office and warehouse leased by a transport company in Port Melbourne in one of the biggest leasing deals in the area during the past two years. The property, store F at 467 Plummer Street, has been leased for three years with the deal negotiated by Ashley Buller and Lincoln Reynolds of Jones Lang LaSalle at $70 per square metre.
 
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The gross amount skin health products provider Gojo Australasia will pay per square metre to lease a 72-square-metre office at suite 106/460 Pacific Highway in St Leonards on the Sydney north shore. The lease term is two years plus a one-year option. The deal was negotiated by Trent Stephens from Raine &amp; Horne Commercial North Sydney on behalf of Toferp Pty Ltd.
 
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The size of an office suite at 276 Pitt Street leased to real estate firm Maestri Tower Investment Group for $558 per square metre. The deal was negotiated by John Skufris from Ray White on behalf of the Abrams Family.
 
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The total value of a leasing deal for two industrial warehouses on Mullers Road in Greenacres in Adelaide in a deal arranged by David Ludlow and Todd Grima from CBRE on behalf of Dettorre Investments. Adelaide All Star Cheerleading has leased 120a Mullers Road for a period of three years while Skye Shopfitters and Skye Interiors has leased 120b Mullers Road for five years. Both warehouses have a net letable area of 345 square metres.
 
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The cost per square metre that Identify Recruitment will pay to lease a 56-square-metre office at 46 Market Street in the Sydney CBD. The financial services recruiter will lease from Telado Pty Ltd on a three-year deal negotiated by John Skufris from Ray White.
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The size of an industrial site in Dry Creek, Adelaide acquired by earth-moving supplier Mirtom. The corner site at 2 Duncan Road was acquired at auction for $1.2 million and includes a 1,347-square-metre office and warehouse. CB Richard Ellis’ Todd Grima and David Reid steered the auction campaign on behalf of Brunt Investments. The property is 10 kilometres north of Adelaide’s CBD.
 
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The amount north Queensland-based investors paid for an industrial parcel in Townsville with established tenants. The 5,411-square-metre site at 715 Ingham Road, Mount St John, was sold to primary producers from Mareeba by Ray White Commercial Townsville director Graeme Russell. The current net rental income is $293,230 per annum, providing a yield of about 8%.
 
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The yield achieved following the sale of a retail complex at Emerald in central Queensland for $2.95 million. The property on the corner of Egerton Street and Anakie Street at Emerald was sold to Sunshine Coast-based company LRBA by Ray White Commercial Maroochydore principal David Smith. The four tenancies in the complex are paying annual rent totaling almost $240,000 all on long-term leases. The retail complex comprised of a net lettable area of approximately 860 square metres.
 
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The premium to book value achieved by Charter Hall’s Diversified Property Fund following the sale of Spinifex House, an office block on 46-50 Kings Park Road, West Perth to a private syndicator for $28.25 million. The sale equates to $6,900 per square metre. The sale was negotiated by Peter Agostino and Andrew Woodley Page of CBRE.
 
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The price achieved for an industrial warehouse at Moorabbin in the southeast of Melbourne. The property on land of 833 square metres was sold by Ray White Commercial Oakleigh agents Ryan Amler and John Servinis to an owner-occupier. It is located at 10 Hewitt Street in an industrial precinct.
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A collection of just 25 large-format apartments and penthouses overlooking Goodwin Park is entering the Coolangatta market, with <a href="https://www.apartments.com.au/new-apartments/marea-residences-coolangatta-27-27a-dixon-street-coolangatta-qld-4225">Maréa Residences</a> combining a low-density, residential-only approach with uninterrupted park and Pacific Ocean outlooks.

Located at 27 Dixon Street, Maréa comprises three and four-bedroom residences alongside a limited number of dual-level penthouses, with the project positioned between Goodwin Park and <a href="https://www.apartments.com.au/developments/coolangatta-qld-4225">Coolangatta</a>’s coastal precinct.

Construction has commenced, with completion currently estimated for late 2027. Three-bedroom residences are priced from $1.8 million.

[smartcode_project:default project_id=150999 project_image_fid=374005]

The project has been designed around its northern outlook across the park, with the building’s architecture, landscaping and material palette intended to establish a connection with the neighbouring green space. The residences have been configured to maximise natural light and views across Goodwin Park towards the ocean.

Inside, the material palette incorporates timber, stone and brushed brass, complemented by curved detailing and ambient lighting. Kitchens and bathrooms carry the same natural material approach, while residences also include basement parking, storage and lift access.

Maréa’s penthouses are arranged over two levels and include private pools, adding another layer to the project’s focus on larger-format apartment living. Across the development, residences are configured with three or four bedrooms rather than the broader mix of smaller apartment types commonly found in larger projects.

[smartcode_project:default project_id=150999 project_image_fid=374010]

Resident amenity is concentrated at rooftop level, where landscaped entertaining terraces and pools take advantage of elevated views across Coolangatta and the Pacific Ocean.

The project has so far been particularly well received by local owner-occupiers and downsizers, according to Urban Activation Property Sales and Marketing Director Matt George, with the residential-only format, construction quality and northern park outlook among the features resonating with purchasers.

“The uninterrupted northern aspect overlooking Goodwin Park has been a key point of difference, with buyers attracted to the sense of serenity and open space the park provides, while still enjoying easy access to the ocean and being within walking distance of the lifestyle and amenities Coolangatta has to offer,” George said.

[smartcode_project:default project_id=150999 project_image_fid=374002]

“The combination of high-quality construction, a residential-only building, park outlook and proximity to the beach has resonated strongly with the local downsizer market.”

The Dixon Street address is within walking distance of Coolangatta Beach and the broader southern Gold Coast coastline, including the surf breaks at Snapper Rocks and Kirra. Coolangatta’s cafés, restaurants and retail are nearby, while Gold Coast Airport is also within close proximity.

[smartcode_project_cta:default project_id=150999]

Joel Robinson

Maréa Residences brings parkside apartments to Coolangatta

Melbourne developer PDG has secured Victorian Government approval for its $1.5 billion Southbank development <a href="https://www.apartments.com.au/new-apartments/the-one-1-queens-bridge-street-southbank-vic-3006">The One</a>, clearing the way for the long-dormant riverfront site opposite Crown to finally be developed.

The Minister for Planning has approved the project at 1-29 Queens Bridge Street, with the Department of Transport and Planning issuing the planning permit following its assessment.

The approval will allow PDG to develop the prominent 5,059 sqm site with a major mixed-use tower comprising premium apartments, including branded residences, a luxury hotel and boutique office space.

PDG acquired the site in late 2024, with its position directly opposite Crown's main entrance and near Melbourne's Arts Precinct making it one of Southbank's most significant remaining development opportunities.

<img alt="PDG" data-entity-type="file" data-entity-uuid="3933013e-6332-4386-b9be-089df05caf17" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.22%E2%80%AFAM.png?VersionId=sITIgBqDL0N3VNSMwWEmF5UA.uvcsRyu" />

Designed by COX in collaboration with ODO and PDG, the tower's architecture draws on the movement of the Yarra River, with six vertical pleats running the height of the sculpted facade.

The project will also see the heritage-listed Queens Bridge Hotel restored and incorporated into the development&nbsp;with new hospitality and public uses, including a rooftop venue.

A significant component of The One will be its residential amenity.

More than 5,000 sqm of resident facilities will be delivered across a single level, making it one of the largest consolidated residential amenity offerings proposed in an Australian apartment development.

The planning approval also incorporates a major upgrade of Queensbridge Square, which PDG will deliver in partnership with the City of Melbourne.

<img alt="PDG" data-entity-type="file" data-entity-uuid="73167fcd-1031-4b6f-a408-a064cfe45ed1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.17%E2%80%AFAM.png?VersionId=Pf1AEWxw6SNmBqR0zQW5lyEze.MtxgFp" />

The existing square will be revitalised as a new civic and pedestrian space along the Yarra River, strengthening the connection between the project, Southbank and the riverfront.

PDG Founder and Managing Director Vince Giuliano said the approval represented a major milestone for a site which has remained largely underutilised for more than 15 years.

“This is the most significant Planning Permit approval Melbourne has seen in recent years,” Giuliano said.

“For more than 15 years, this site has remained underutilised. This approval enables us to deliver a project that will contribute meaningfully to the revitalisation of Southbank, restore and reactivate an important heritage building, and create a new civic and hospitality destination for Melbourne.”

The latest approval follows an earlier planning permit issued by the City of Melbourne covering demolition works across part of the site at 9-29 Queens Bridge Street. Those demolition and early works are already underway.

PDG has also started generating early interest in the residential component from owner-occupiers ahead of a planned public launch in early 2027.

PDG secures approval for $1.5bn Southbank apartment development, The One

Local developer Harridan is seeking to turn its Woolloongabba apartment project into the first stage of a broader transformation of Burke Street, using a new 16-storey mixed-use building to establish a greener pedestrian connection toward the rapidly evolving Boggo Road transport and knowledge precinct.

The South East Queensland developer has filed plans for 154 apartments on the <a href="https://www.apartments.com.au/new-apartments/4-burke-street-woolloongabba-qld-4102">southern side of Burke Street</a>, where its proposal has been designed alongside a wider vision by LatStudios for the street.

That vision positions the southern side of Burke Street for buildings of 15 storeys and above, while envisaging lower-rise development of up to five storeys on the northern side to transition into Woolloongabba's existing character housing. It also proposes wider pedestrian verges, deep planting, new street trees and upgrades to the pedestrian approach to Boggo Road Station.

The Harridan development itself has been designed by Brisbane-based Arqus Design and will comprise 154 apartments across 16 storeys. The mix is weighted heavily toward two-bedroom apartments, with 121 proposed alongside 10 one-bedroom and 23 three-bedroom residences. There will typically be around 14 units per floor.

A lower-ground car park and three podium levels will accommodate 156 resident parking spaces, along with visitor and commercial parking. There will also be 154 resident bicycle spaces and 40 visitor bicycle parks.

&nbsp;

Harridan is a family-owned developer and part of the Holmwood Highgate Group, with more than three decades of development activity across South East Queensland. Its portfolio spans residential, commercial and industrial property, with current residential projects including Riverbank on Byron in Bulimba, Esperance Residences in Carina and The Precinct at Kinross Road in Thornlands.

Wooloongabba has been popular for apartment developers, particularly since the announcement of the 2032 Summer Olympics games in Brisbane.

While there have been a lot of development applications, it has failed to materialize into real supply.&nbsp;

Sarazin has been the major player in the area. They are under construction at Murcia Residences, on the fringe of East Brisbane and Woolloongabba. They have just launched <a href="https://www.apartments.com.au/new-apartments/the-stanley-residences-woolloongabba-8-trafalgar-street-woolloongabba-qld-4102">The Stanley Residences</a>, in Woolloongabba on Trafalagar Street. They also have Nuage coming soon on the nearby <a href="https://www.apartments.com.au/new-apartments/nuage-woolloongabba-14-wellington-road-woolloongabba-qld-4102">Wellington Road</a>.

First look: Harridan plans Burke Street transformation beside Boggo Road transport hub

IN BRIEF

<ul>
	<li>
	Just three double-storey Sky Homes sit at the top of The Waterline, each with its own private marina berth and rooftop terrace.
	</li>
	<li>
	Construction on The Waterline is complete, with the first residents expected to move in from mid-October.
	</li>
	<li>
	Sky Homes range from 282 sqm to 367 sqm and are priced from $3.65 million.
	</li>
</ul>

<hr />
Lewis Land has opened the first completed sky home for inspection at Harbour Shores, giving buyers their first opportunity to step inside one of just three double-storey residences crowning The Waterline.

Each sky home comes with its own private marina berth, rooftop terrace and Broadwater views, combining the scale of a larger home with direct access to the boating lifestyle that underpins the wider <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplan.

[smartcode_project:default project_id=113271 project_image_fid=366708]

Lewis Land Head of Development Michael Long said the inclusion of a berth with every Sky Home had become increasingly valuable as marina access across the Gold Coast tightened.

“Marina berths are becoming increasingly difficult to secure across the Gold Coast, so including one with every Sky Home makes this a genuinely rare offering,” Long said.

“The private 70-berth marina will accommodate boats up to 12 metres in length and is positioned just 2.5 kilometres from the Broadwater, placing the open ocean only 15 minutes away.

“Being able to step out of your home onto your boat is a rare luxury, and it’s something residents here can look forward to when it opens later this year.”

[smartcode_project:default project_id=113271 project_image_fid=366709]

The display opening comes as construction completes on The Waterline, with the first residents expected to move in from mid-October.

The three Sky Homes range from 282 sqm to 367 sqm and each feature three bedrooms, three bathrooms, multiple living zones, expansive kitchens with butler's pantries and large balconies taking in the Broadwater outlook.

Each residence also has three secure basement car spaces and additional storage.

“This is the first opportunity the Gold Coast has had to step into Harbour Shores and see, touch and feel what we’re bringing to life here,” Long said.

“There are only three Sky Homes within The Waterline, ranging in size from 282sqm to 367sqm, with each residence featuring three large bedrooms, three bathrooms, multiple living zones, expansive custom-built kitchens with butler’s pantry, and large balconies capturing Broadwater views.”

<img alt="Harbour Shores" data-entity-type="file" data-entity-uuid="bab65e10-4fab-45e1-92d8-fc56e2ab98ff" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%202.00.16%E2%80%AFPM.png?VersionId=XT8q76LsPkw3cYTsvN3JfFDaPLud90PN" />

Residents of The Waterline will have access to a private pool, along with Harbour Shores' wider collection of amenity including a lagoon pool, social clubhouse, tennis court, gym, yoga facilities and sauna.

Lewis Land partnered with Studio Collective to furnish the completed display, with the interiors designed to demonstrate how the residences could function as permanent homes rather than simply as show apartments.

Studio Collective Director Melissa Park said the surrounding waterways informed the interiors, but in a more restrained way than a traditional coastal scheme.

“We drew inspiration from the canals and coastal surrounds, but our approach was to interpret that subtly through layered materials and a grounded palette of earthy tones, rather than literal coastal references,” Park said.

“We introduced hero moments of green and teal to reference the surrounding waterways, while mirrored elements help reflect natural light.

“The result is a residence that feels elevated yet comfortable, somewhere buyers can genuinely imagine themselves living, entertaining and unwinding.”

Sky Homes are priced from $3.65 million.

Lewis Land is also offering private marina berths with The Residences, its limited collection of three and four-bedroom villas positioned directly along the Harbour Shores waterfront boardwalk.

Three-bedroom villas are priced from $2.99 million, while four-bedroom residences start from $3.19 million.

Harbour Shores is being marketed by Colliers International.

[smartcode_project_cta:default project_id=113271]

Lewis Land opens sky home display as The Waterline completes at Harbour Shores

St Vincent de Paul Society Housing Australia has filed plans for a major mixed-use housing precinct on the southern edge of the North Sydney CBD, adding another significant proposal to a pocket around North Sydn​ey Station that is quickly becoming one of the LGA's busiest development zones.

The State Significant Development Application covers a 5,990 sqm site at <a href="https://www.apartments.com.au/new-apartments/1-19-mackenzie-street-lavender-bay-nsw-2060">1-19 MacKenzie Street and 211 Blues Point Road in Lavender Bay</a>, immediately south of Nor​th Sydney Station and between the commercial core and the lower-rise Lavender Bay Heritage Conservation Area.

Designed by Wardle, the proposal would deliver a new residential tower comprising 88 build-to-sell apartments and 19 affordable apartments, alongside a separate co-living building with 57 rooms and a building manager's studio.

It would also see the significant restoration and upgrade of St Francis Xavier Catholic Church, the adaptive reuse of the former school building, new parish facilities, retail, a new public square and around 1,000 sqm of publicly accessible open space.

<img alt="Vinnies North Sydney" data-entity-type="file" data-entity-uuid="d5dd7f87-a617-463e-b577-17541e01f0e9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%209.10.13%E2%80%AFAM.png?VersionId=4R8TsFN3P_LrrXO2HswTOIrx2blil8lh" />

The project is seeking a concurrent rezoning of the site to R4 High Density Residential and an increase in the maximum building height to allow a tower reaching RL120, or up to 20 storeys. The proposal was progressed through the NSW Government's Housing Delivery Authority pathway.

The build-to-sell component will be weighted toward larger apartments, with just six one-bedroom apartments compared with 31 two-beds, 43 three-beds and eight four-bedroom residences.

The 19 affordable apartments will comprise two studios, 15 one-bedroom apartments and two two-bedroom apartments, taking the total apartment component to 107 residences before the 58 co-living rooms are included.

<img alt="Vnnies" data-entity-type="file" data-entity-uuid="7d568ca5-cb90-4e18-96c6-d9795dba0c56" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%209.10.05%E2%80%AFAM.png?VersionId=GY2R5M9VtQh0EKy1vajaea19PSLOPuRD" />

Wardle's design for the Vinnies site has sought to negotiate that emerging high-rise context while retaining the lower-scale character of MacKenzie Street and the adjoining heritage conservation area.

The main building adopts a three-storey podium and tower arrangement, with the podium aligned to the ridgeline and front setback of St Francis Xavier Church.&nbsp;Wardle has designed the podium with colonnades, seating, recessed entries and active ground-floor frontages, with sandstone-toned precast concrete and face brick referencing the materiality of the existing church.

The tower then steps back eight metres to the south and six metres to the north before rising in a sculpted form comprising four interlocking quadrants. Wardle has also introduced rounded forms and chamfered corners to reduce the tower's perceived bulk and improve view sharing with neighbouring development sites.

Resident facilities and outdoor areas are planned at the separation between the podium and tower at Level 3, oriented toward Sydney Harbour and the CBD skyline.

The tower itself will feature a glass reinforced concrete facade, with recessed balconies and deep reveals used both to provide shading and privacy and frame views toward the harbour and city. The lower levels take a different architectural approach, using brick and sandstone-toned finishes intended to establish a stronger relationship with St Francis Xavier Church. The Church itself will be conserved and upgraded for its continued use, while the former school building will be adaptively reused as part of the co-living component.

<img alt="Lavendar Bay" data-entity-type="file" data-entity-uuid="2d4418ad-90aa-4d49-af93-c80b140aea80" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%209.09.47%E2%80%AFAM.png?VersionId=Kv4gzbsACaGvZSRuaqcfGC54jEJRXIDJ" />

&nbsp;

The proposal adds to an increasingly concentrated pipeline of residential development around Blue Street, MacKenzie Street and Lavender Bay.

Just west of the site, Central Element lodged plans earlier this year for one of the most significant residential developments proposed in Lavender Bay in recent years.

Central Element's SJB-designed scheme at 64-66 Lavender Street and 3-7 Middlemiss Street would deliver 163 apartments across two towers rising 23 and 32 storeys, replacing five existing apartment buildings containing 32 homes. The project also forms part of the Housing Delivery Authority pathway.

<a href="https://www.apartments.com.au/news/nsw/first-look-central-element-reveals-lavender-bay-apartment-plans?utm_source=chatgpt.com" rel="noopener" target="_blank">First look: Central Element reveals Lavender Bay apartment plans</a>

Immediately around North Sy​dney Station, another two significant proposals have emerged at 5 and 15 Blue Street.

Zurich Australian Insurance Properties is seeking to adaptively reuse its longstanding commercial building at 5 Blue Street, directly above North Sydney Station, rather than demolishing the structure.

Its SSDA proposes converting the building into a 14-storey mixed-use development with 62 apartments and 86 co-living rooms, together with ground-floor retail and a major refurbishment of Blue Street Plaza. The application is currently at the Response to Submissions stage.

<a href="https://www.apartments.com.au/news/nsw/first-look-zurich-targets-north-sydney-office-conversion-with-148-unit-proposal-above-metro-station">First look: Zurich targets North Sydney office conversion with 148-unit proposal above Metro station</a>

&nbsp;

Larry Schlesinger

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