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Cbus property and Charter Hall's building in Melbourne has become Victoria's first 6 Star NABERS Energy rating.
The internationally lauded building at 171 Collins Street is one of just two commercial office buildings across the country to reach the rating milestone.
Designed by award-winning architects Bates Smart, the building was engineered by Umow Lai and managed by Knight Frank.
A building accredited with 6 Star NABERS Energy rating emits 50 percent less greenhouse gases than a building with a 5 Star rating.
The Collins Street building saves more than 1.3 million kilograms of carbon dioxide each year, equal to 568,000 litres of petrol, or 139 homes' energy use for one year when compared to a building with a 5 Star Nabers Energy Rating.
Home to BHP Billiton, Cbus Property CEO Adrian Pozzo said 171 Collins Street had set a benchmark in sustainability and was a shining example of the drive to create highly sustainable workplaces for the future.
“171 Collins Street is a lighthouse example of how premium grade buildings can deliver architectural beauty, world leading sustainability and exceptional occupant amenities without compromise,” he said.
“It is a true 21st century workplace and embodies all that we strive to achieve at Cbus Property in delivering projects that are of international architectural value and achieve exceptional environmental outcomes.
‘This milestone caps off several years of dedication by the entire project team as well as 171 Collins Street’s tenants in delivering and maintaining a truly green and sustainable building.”
The 171 Collins Street building also became the first premium building in 6 Star Green Star as Built Office V2 rating by the Green Building Council of Australia (GBCA)
It achieved a record 83 points.
In addition it has been recognised at the International Property Awards Asia Pacific, United Nations Association of Australia World Environment Awards and Urban Taskforce Development Excellence Awards.
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j.ballantyne1990-6AQqhLzZaK

Victoria's first 6 Star NABERS Energy rated building

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Diversified property giant Mirvac has secured nearly a 70 percent increase in their profits given booming real estate markets.
The total profit of $1.033 billion is a sharp increase from its $610 million last year.
The group's operating profit however only rose six percent to $482 million from $455 million.
The jump in profits is down to the revaluation of investment properties - and the ones under construction - which totals $497 million, considerably higher than the $141 million posted last year. 
The group's office and industrial assets contributed $796 million to the totter $1.033 billion profit.
The office portfolio was boosted by recycling assets with sales of $1.6 billion since 2014, showing a passing yield of 7.1 percent.
Each sector of the groups market reported large boosts.
<a href="/images/2016/08/16/Screen%20Shot%202016-08-16%20at%2010.59.32%20am.png" target="_blank">Mirvac's property portfolio</a>
<img src="/images/2016/08/16/Screen%20Shot%202016-08-16%20at%2010.59.32%20am.png" alt="" width="575" height="205">
The residential land division business more than doubled from the year before and profits from retail rose to $243 million.
Their Woodlea, Rockbank subdivision in Melbourne's north-west and its Googong project in NSW secured the largest volume of sales.
They negotiated 258 offshore buyers and secured residential presages for the year of $2.9 billion, up nearly $1 billion on the previous year.
New developments for the group included 200 George Street and 8 Chifley in Sydney, Treasury Building in Perth and 699 Bourke Street in Melbourne.
Mirvac declared a final dividend of 5.2 cents a share, taking the total for unit holders over the year to 9.9 cents, up five per cent on the previous year.
<a href="/images/2016/08/16/Screen%20Shot%202016-08-16%20at%2011.02.21%20am.png" target="_blank">Mirvac's diversification of sectors</a>
<img src="/images/2016/08/16/Screen%20Shot%202016-08-16%20at%2011.02.21%20am.png" alt="" width="581" height="223">
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Mirvac's profits increase 69 percent to see over $1 billion sales

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Construction company Hindmarsh's Adelaide, Bowden development The Bowery is almost completely sold out as construction reaches its highest structural point of seven storeys.
Hindmarsh has sold 52 of the 54 apartments at The Bowery ahead of its 2017 completion.
The remaining apartments feature two bedrooms, two bathrooms and a car space, priced from $465,000.
Morry Canala, Hindmarsh SA development manager said the diverse mix of future residents at The Bowery, including singles, couples, downsizers and more, will add to the renewed urban character of Bowden. 
“We’ve placed a specific emphasis on the design aspects at The Bowery to ensure it meets the high standards expected by our customers while also having sophisticated, enduring aesthetic appeal," he said.
"As such the apartments have attracted a variety of buyers to add to the rich social fabric of the changing Bowden community.
The Bowery fronts Sixth Street and overlooks Kevin Taylor Park.
For more information, <a href="https://www.thebowerybowden.com.au/" target="_blank">click here</a>.
 
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Adelaide's The Bowery reaches new heights

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Comedian Gina Riley and her husband, TV producer Rick McKenna, have spent $4.85 million on a former pub conversion in Melbourne's Windsor-Prahran precinct.
Complete with its own rooftop garden with heated pool, sauna and orchard, the striking red brick property has five bedrooms, three bathrooms and two open living spaces.
RT Edgar selling agent Mark Wridgway said he'd never sold a property quite as unique.
Having began life as the Windsor Red Lion Hotel during the 1860s gold rush, the pub closed in the 1920's and was used as a shirt-making factory and an ironmonger's workshop before being converted into the stylish warehouse-style home by Angela Sach.
Riley broke onto TV screen as a performer in the sketch shows Fast Forward, sending-up singers including Paula Abdul, Bette Midler, Sinèad O'Connor and Dannii Minogue.
This article was first published in the Weekend Australian Mansion Australia property section.
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Comedian Gina Riley buys former Prahran pub

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DomaCom Limited CEO Arthur Naoumidis has announced the company has increased the minimum raising to $6 million ahead of its impending IPO.
The corresponding underwriting commitment has also increased to $6 million to ensure that the minimum is fully underwritten.
The closing date of the offer remains at August 19.
Arthur said the company is continuing to work diligently on a number of initiatives including ongoing discussions with Retal Superannuation Fund to participate in the Kidman transaction being conducted by DomaCom.
“These discussions have progressed to the point that the company believes that the Retail Fund is likely to add the DomaCom Kidman Station to one of their funds with the potential to successfully raise the capital to acquire the land component of S.Kidman &amp; Company," Arthur said.
"There can, however, be no guarantee that this project will complete."
Arthur suggested that DomaCom is also in advanced discussions with a national charity that has a multi-billion dollar land bank including significant land holding bequeathed to the charity. 
“We feel this initiative may appeal to investors also looking for an ethical and socially responsible investment”, he said.
The proposal is to use the DomaCom platform to allow investors to partner with the charity to convert the bequeathed land to affordable housing. 
DomaCom can now confirm that its modelling does not show any need to raise further capital in the next two years thanks to the increased minimum capital raising and improved outlook for significant transactions.
 
 
 
 
 
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DomaCom Limited IPO update

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La Joie de Vivre, better known as the original home for Australia's hit reality show The Bachelor, sold in June, and selling agency RED Property have donated their full commission to charity. 
Expected to have fetched around $7 million, RED Property donated the $141,000 commission to the Melanoma Foundation. Its the Bayview home where Tim Robards handed out the roses.
James Economides was the selling agent of the home which was owned by retired transport magnate Greg Poche and his wife Kayvan.
<img src="/images/2016/08/15/RED%20PROP.jpg" alt="" width="486" height="328">
 
He sold the French provincial home to freight tycoon Clive Thomas and his wife Lee, as couple look set to move to Sydney where their company, C.T. Freight is headquartered.
Set on 4091 sqm, the commanding three level home has six bedrooms, seven bathrooms, a banquet size dining room, a combined home office, library, games room, gym and temperature controlled wine cellar.
Befitting of the show, the grounds contain extensive customised outdoor entertaining areas with a commercial outdoor kitchen complete with bar adjoining the resort-style heated pool, sauna and spa.
There's also a secluded championship-size tennis court. 
 
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RED Property donate Bayview, Bachelor home sale commission to charity

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The shifting of Melbourne's CBD closer toward Docklands continues apace, according to Cromwell Property Group, who have announced a new long term lease on Collins Street.
Open Universities Australia will move into <a href="https://www.cromwell.com.au/property-portfolio/victoria/226/700-collins-street" target="_blank">700 Collins Street</a> in January 2017 on an 8-year lease and will occupy 2,682 sqm.
Cromwell purchased the building in 2004, and the 100 percent occupancy rate was achieved after securing the building's two major tenants to long term lease agreements.
The Bureau of Meteorology has executed a new lease for a further 10 years of their 15,500 sqm space. 
Melbourne train operator Metro has consolidated its space in the building, taking another 2,500 sqm that will see it occupy over 10,000 sqm for the next decade.
The high demand for the area makes the 2004 investment a real success for Cromwell, said Damian Horton, Cromwell’s Head of Property.
“As Melbourne CBD is shifting further westward along Collins Street and closer to Docklands, Cromwell’s investment has proven to be forward thinking. We were among the first to invest in what is now called ‘mid-point’, a highly sought after area,” Mr Horton said. 
“It’s an investment true to our philosophy. We try to carefully evaluate the potential of each of our properties to see where the demand will be and 700 Collins Street is proof of the effectiveness of this approach. 
“It also validates our strategy to actively manage our assets to enhance their value, and make sure that our tenants want to stay, and in doing so, keeping the turnover as low as possible.” 
The A-Grade, 17-level office tower is located at the gateway to the Docklands Precinct at the western end of the Melbourne CBD.
The building, which was refurbished last year, offers 33,848 sqm of modern office space and retail areas, and a three-level carpark accommodating 304 cars.
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Cromwell’s bet on changing Melbourne CBD proves successful

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The three-bedroom, two-bathroom house at 171 Ashworth Street in Victoria’s Middle Park sold for $2,623,000 last month. 
Located close to the beach, the 2010-built house features polished concrete floors, a central atrium and a Miele fitted kitchen. 
The property also features two terraces, two parking spaces and a heated lap pool.
The property offered in July 2013 with $2.5 million plus hopes. 
The property was listed on <a href="https://www.realestate.com.au/property-house-vic-middle+park-122966022" target="_blank">realestate.com.au</a> by Shane Siemers and John Holdsworth from Greg Hocking Holdsworth, Albert Park.
The median house price in Middle Park is $2 million according to CoreLogic.
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Middle Park contemporary home sells at $2,623,000

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Sydney architect Domenic Alvaro’s strikingly small, five storey Surry Hills house sold for $1.88 million in 2014, to rank as Sydney's priciest custom built one bedder.
<a href="https://www.realestate.com.au/property-house-nsw-palm+beach-123256714" target="_blank">Now Sydney's most expensive one bedroom beach house </a>was listed last week for sale at Palm Beach. The Modern House agency has a $1.55 million asking price on the highly contemporary, yet 1998-built offering.
It was custom designed for photographer Greg Barrett by Furio Valich at Gordon + Valich Architects, in partnership with Belinda Koopman Architects.
In its bushland Cynthea Road location, the house was the winner of the RAIA Merit Award for Housing in 1999 with its Sydney School architectural influences obvious given the use of the site's sandstone and angophora.
The one bedroom house is made up of a main, open living and dining space on the ground floor and a small upper floor bedroom.
All up just a modest 85 square metre internal space, there's an additional 81 square metres of external deck and terrace space.
"Belinda and Jim Koopman’s design succeeds on all counts," said the listing agent Marcus Lloyd-Jones at Modern House.
Barrett paid $300,000 in 1990 for the land.
Sydney's highest known one bedroom apartment sale was hooked recently by the fishing guru Rex Hunt who sold his Quay Grand apartment on Macquarie Street for $2.05 million.
It was back in 1999 when Hunt paid $690,000 to buy into the Mirvac developed complex.
Ettiene West at Morton Sydney secured the off market sale of the 75 sqm one bedroom.
This article was first published in the Sunday Telegraph.
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$1.55 million asking price for Sydney's priciest one bedroom beach house 

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The former Vogue veteran Robyn Holt and her husband, actor Jim Holt, have secured a $1.175 million Southern Highlands retreat.
The purchase comes after the couple sold their stylish Woollahra home for a change of lifestyle, and whispered to be buying an $880,000 bolthole in the Rex at Kings Cross.
Their new purchase, a stark contrast from their city life, is at Exeter.
Set on a large 8828 sqm, the elegant three bedroom home has real timber floors, french doors and a wood fireplace.
The paved outdoor dining areas offers rural and garden views. Plus plenty of space to grow some vegetables.
Kate Maday of One Agency Maday Property Bowral secured <a href="https://oneagency.com.au/listing?listing_id=194451" target="_blank">the sale</a>.
They said goodbye to their Woollahra property which they bought from DSC Personnel boss Tom Smith for $1.71 million for 2002, shortly before the family moved to Russia following Robyn's appointment as chief executive of Conde Nast and launched Vogue Russia and GQ magazine.
They picked up a tidy profit however, securing a $3.75 million sale for the private two-storey home in March to a doctor.
Designed by renowned 1930s architect F. Glynn Gilling, the three bedroom home had a library and a private courtyard garden. 
The style meister Robyn Holt and her husband, actor Jim Holt, recently became grandparents to Camilla, the first born of their daughter, Hannah.
They met on the set of the 1984 Kennedy Miller miniseries Bodyline.
Holt isn't the first fashion star to call Exeter home.
The style queen Maggie Taberer was a long time Exeter resident during her years at the barn.
The priciest offering in the area is former politician John Hewson's Invergowrie, which has $6.5 million plus hopes.
Exeter is a village with a median house price of $840,000.
This article was first published in the Saturday Daily Telegraph.
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Robyn Holt buys Southern Highlands rural acreage

Avant Townhomes is adding to Ivanhoe’s family-sized housing options with <a href="https://www.apartments.com.au/new-townhouses/three-82-ivanhoe-382-upper-heidelberg-road-ivanhoe-vic-3079">Three 82</a>, a collection of just 16 four-bedroom townhomes on Upper Heidelberg Road.

The <a href="https://www.apartments.com.au/developers/intrapac-property">Intrapac Property</a> townhome division has taken a contemporary approach to the traditional family home, pairing larger floorplans with the lower-maintenance format of a townhouse.

[smartcode_project:default project_id=152069 project_image_fid=374394]

Designed by <a href="https://www.apartments.com.au/architects/arcadia-studio">Arcadia</a>, with landscaping by Landsite, the homes feature generous open-plan living and dining areas that connect directly to outdoor spaces, with layouts also designed to maximise natural light and privacy.

Natural stone is used throughout the interiors, including in kitchens that pair stone surfaces with bespoke cabinetry, considered storage and SMEG appliances.

The four-bedroom layouts include built-in wardrobes and a main bedroom with its own ensuite, while family bathrooms service the additional bedrooms. Each home also includes a lock-up double garage and intercom entry.

[smartcode_project:default project_id=152069 project_image_fid=374399]

Energy efficiency has been incorporated into the design through solar panels, double glazing and reverse-cycle heating and cooling, with the homes targeting 7-star energy ratings.

Rather than incorporating extensive communal facilities, Three 82 has been conceived around private residential amenity, with the 16-home scale keeping the focus on individual homes and their own indoor and outdoor spaces.

The development is located at 382 Upper Heidelberg Road, around one kilometre from Ivanhoe Village's cafés and retail and a short drive from Eaglemont Station and Ivanhoe Station.

[smartcode_project:default project_id=152069 project_image_fid=374393]

Several of Ivanhoe's established schools are also nearby, including Ivanhoe Girls' Grammar and Ivanhoe Grammar School. The address also provides access to the suburb's parklands and the wider Yarra River corridor.

<a href="https://www.apartments.com.au/project-marketer/nelson-alexander">Nelson Alexander</a> has been appointed to handle sales.

Construction is underway and progressing well, with Three 82 currently tracking toward completion in Q2 2027.

[smartcode_project_cta:default project_id=152069]

Joel Robinson

Three 82 brings boutique four-bedroom townhome collection to Ivanhoe

Builder-developer&nbsp;<a href="https://www.apartments.com.au/developers/graya">Graya</a> has secured a prime Newstead site from fellow developer Fraser, subsequently lodging plans for The Silo, a major mixed-use residential project in Newstead designed around a new public laneway linking the James Street precinct with the wider Gasworks and Newstead neighbourhood.

Proposed for the corner of Chester and Morse streets, the <a href="https://www.apartments.com.au/architects/bureauproberts">Bureau^Proberts</a>-designed project places its strongest emphasis at ground level, where retail, landscaping and a new cobblestone pedestrian connection would open the site to the surrounding neighbourhood. The design team describes The Silo as “more than a residential building”, positioning the development as an extension of Newstead’s public realm rather than a standalone apartment tower.

“A new cobblestone laneway and landscaped connection between James Street and Gasworks unlock a missing pedestrian link, improving walkability and stitching together two of Brisbane’s significant urban destinations,” Bureau Proberts said in its Urban Design Report.

<img alt="First look: Graya plans The Silo as new pedestrian link between James Street and Gasworks" data-entity-type="file" data-entity-uuid="0ea1b06a-75f5-40a5-b2c5-33c97bc86052" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/silo%20bldg.png?VersionId=KmjsAtNePu57_B31EM_DJ5T6KPJHtcmo" />

The Silo is planned as a mixed-use development incorporating apartments alongside a bar and centre activities including food and drink outlets, indoor sport and recreation, office and retail uses.

Architecturally, Bureau Proberts has conceived the building as a collection of vertically expressed, stepping forms rather than a single uniform tower. The composition rises from an articulated podium before being broken by a triple-height landscaped recreation level, with the upper section becoming more compact before terminating in a landscaped rooftop garden.

The project's name and architectural language draw directly from Newstead's industrial history. Patterned off-form concrete is proposed as the principal façade material, complemented by slender metal rod balustrades and extensive planting. The cylindrical and vertically ribbed elements give the building its silo-like expression, while curved balconies and planted edges introduce a softer subtropical layer.

“The Silo reinterprets its robust forms, scale and materiality through a contemporary subtropical architectural expression, creating a building that acknowledges its industrial legacy, while responding to the way the precinct is occupied today,” Bureau^Proberts said.

The recreation level is one of the defining breaks in the tower. Plans include a lap pool, mature subtropical planting and shared resident facilities within an elevated communal garden. Landscaping continues through the podium and onto the rooftop, where a further garden forms what the architects describe as a “subtropical crown” to the building.

<img alt="First look: Graya plans The Silo as new pedestrian link between James Street and Gasworks" data-entity-type="file" data-entity-uuid="f8451036-35a4-49a9-8d88-2ef4438eba3d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Silo%20Lane.png?VersionId=h8N31_rYmCEqoNrpt4kbYVQhJGZn60LH" />

At street level, the development has been designed to establish a more permeable block. Retail and hospitality tenancies address the public realm, while landscaped pedestrian spaces lead into the new laneway connection. Renders in the design report show the proposed “Silo Lane” as a substantial opening through the podium, framed by cylindrical concrete forms with cascading planting above.

The Silo continues Graya's move into larger apartment developments after building its reputation across high-end residential projects in Brisbane and the Gold Coast.

Graya buys Frasers Newstead site, plans The Silo between James Street and Gasworks precincts

<a href="https://www.apartments.com.au/developers/wickton">Wickton</a>’s completed Linacre Rise development in Hampton is giving Bayside downsizers the opportunity to move into a spacious apartment near the beach, with the developer covering stamp duty for a limited time.

The 27-residence development has been designed for buyers who want to simplify their living arrangements without giving up the space, warmth and quality associated with a long-term family home. Most apartments have already been secured by Bayside locals, leaving a select collection of two and three-bedroom residences and penthouses available.

Two-bedroom apartments are priced from $1.275 million, three-bedroom residences from $2.25 million and penthouses from $3.375 million, with the completed homes available to inspect and move into now.

[smartcode_project:default project_id=95289 project_image_fid=366760]

<a href="https://www.apartments.com.au/buildings/linacre-rise-hampton-8-10-linacre-road-hampton-vic-3188">Linacre Rise</a> occupies an elevated position on one of <a href="https://www.apartments.com.au/developments/hampton-vic-3188">Hampton</a>’s quiet, tree-lined streets, around 250 metres from the bay and 500 metres from Hampton’s village centre. Its setting gives residents access to the beach, local cafés, shops and Hampton Train Station while retaining the feel of an established residential neighbourhood.

Architecture and interiors by <a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a> draw on the warmth and permanence of traditional brickwork, with the building integrated into terraced landscaping by <a href="https://www.apartments.com.au/landscape-architect/john-patrick-landscape-architects">John Patrick</a>. Ground-floor apartments are elevated above the street and include private garden courtyards, while several upper-level residences have generous balconies and outlooks toward the bay.

Inside, the residences favour natural materials and generous proportions. Herringbone-pattern European oak flooring, natural stone benchtops, premium joinery and Swiss V-ZUG appliances are among the key inclusions, while integrated storage has been incorporated across kitchens, bathrooms, studies and living areas.

The kitchens have been planned as practical spaces for both everyday use and entertaining, with substantial island benches, detailed cabinetry and adjoining dining and living zones. Full-height wardrobes, plush bedroom carpeting and carefully considered lighting reinforce the residential character Wickton sought to retain for buyers moving from larger homes.

[smartcode_project:default project_id=95289 project_image_fid=366769]

A Linacre Rise purchaser said the completed apartment had delivered the space, outlook and construction quality they had been seeking.

“The unit is very light, has views to die for over the bay, all construction materials and fittings are premium quality, we have secure parking for three cars, EV charging at very competitive rates, the neighbours are friendly and there is just a lovely ambiance about the place,” the purchaser said.

Environmental features include solar panels, shared electric vehicle charging stations, rainwater harvesting for toilet flushing and landscape irrigation, double-glazed windows and water-efficient fixtures and appliances.

[smartcode_project:default project_id=95289 project_image_fid=366762]

The development was built by Balmain &amp; Co, with Wickton managing the broader development process through its in-house team.

For downsizers, the project’s completed status removes much of the uncertainty associated with buying off the plan. Purchasers can inspect the finished apartments, understand their outlook and proportions, and move in without waiting for construction to conclude.

The remaining selection includes north-oriented balconies, corner configurations and penthouses with elevated bay views. The developer-paid stamp duty initiative is available for a limited time, with potential savings of up to $200,000 depending on the residence purchased.

[smartcode_project_cta:default project_id=95289]

Limited-time stamp duty offer at completed Linacre Rise apartments in Hampton

Luxury apartment buyers have long prioritised design, space and finishes, but increasingly they're placing equal importance on something less tangible: how easily they can live without relying on a car.

At <a>Richmond Square</a>, <a href="https://www.apartments.com.au/developers/fortis">Fortis</a> believes that convenience begins beyond the apartment itself, with the mixed-use precinct earning a near-perfect Walk Score of 99.

The development has been planned around the idea that some of the most valuable amenities aren't contained within a building, they're the restaurants, cafés, parks, transport connections and daily conveniences that can all be reached on foot.

Located just behind Swan Street and Church Street, <a href="https://www.apartments.com.au/new-apartments/richmond-square-1-wiltshire-street-richmond-vic-3121">Richmond Square</a> places residents within one of Melbo​u​rne's most established lifestyle precincts while offering a quieter residential setting removed from the busiest thoroughfares. East Richmond Station is moments away, trams run along both Swan and Church Streets, and the MCG, Melb​​ourne Park, Yarra River trails and the CBD are all within walking distance. At the same time, the precinct itself will introduce a curated mix of dining, retail, hospitality and wellness offerings, creating a destination that extends well beyond its residential buildings.

[smartcode_project:default project_id=13181 project_image_fid=348530]

For Fortis, that combination of location and scale was what made the site unique.

"<a href="https://www.apartments.com.au/developments/richmond-vic-3121">Richmond</a> is one of Melb​o​urne's most established and distinctive inner-city neighbourhoods, with a rare combination of dining, culture, recreation, public transport and proximity to the CBD," the developer said.

"The opportunity at Wiltshire Street was particularly compelling because the site sits slightly removed from the activity of Swan and Church Streets while remaining only moments from everything that makes the area desirable."

Rather than developing a standalone apartment building, Fortis consolidated 15 individual properties to create one of the larger development parcels assembled on Mel​b​ourne's city fringe in recent years. That allowed the team to deliver a genuine mixed-use precinct comprising 107 residences across Wiltshire House and Carmine House, premium office space, hospitality venues, retail, wellness offerings and a future 57-room hotel.

"The scale of the site allowed Fortis to think beyond a standalone apartment building," the developer said.

"Richmond Square could be planned as a complete lifestyle precinct, bringing homes, workplaces, dining, retail, hospitality and wellness together around a series of activated public spaces. The aim was to create a destination that feels connected to Richmond rather than separate from it."

[smartcode_project:default project_id=13181 project_image_fid=348533]

The emphasis on walkability has also resonated with buyers.

Interest has been strongest from established owner-occupiers, particularly downsizers from Richmond and Melb​ourne's inner east who want to remain close to familiar restaurants, workplaces, family and social networks while moving into a more secure, lower-maintenance home. The project is also attracting Mornington Peninsula and interstate buyers seeking a Melb​ourne residence they can lock up and leave between visits.

Many are looking for generous living spaces, room to entertain, quality finishes and confidence in the project team, but location remains one of the biggest deciding factors.

"For many buyers, Richmond Square provides a way to simplify the practical side of home ownership without reducing the quality of their lifestyle," the sales team said.

"Location is also a major driver of interest. Buyers can remain connected to the CBD, major sporting events, the arts centres, local restaurants, cafes and bars and their family while living in a private and secure residence that is easy to lock up and leave for weekends or longer periods away."

[smartcode_project:default project_id=13181 project_image_fid=348549]

The residences themselves have been designed with that buyer in mind. Award-winning architecture practice SJB and interior designers Hecker Guthrie have created spacious two and three-bedroom apartments and penthouses that prioritise generous living areas, natural light, bespoke joinery and private terraces. Above, a rooftop sanctuary by Acre includes landscaped lawns, bookable dining rooms, barbecue facilities, wellness spaces and panoramic views across the CBD, the MCG and Port Phillip Bay.

Fortis believes Richmond Square reflects a broader evolution in apartment living, where the surrounding neighbourhood becomes just as important as the residence itself.

"Richmond Square introduces a different proposition: generously proportioned residences within a genuinely mixed-use, hospitality-led destination," the developer said.

"The project's location and Walk Score of 99 further support a lifestyle where residents can complete many everyday journeys without relying on a car."

Fortis has assembled an experienced team that includes <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, <a href="https://www.apartments.com.au/interior-designers/hecker-guthrie">Hecker Guthrie</a>, <a href="https://www.apartments.com.au/landscape-architect/acre">Acre</a> and builder <a href="https://www.apartments.com.au/builders/hacer-group">Hacer Group</a>, reflecting the developer's commitment to creating projects with enduring design quality and meaningful connections to the communities in which they sit.&nbsp;

Richmond Square is an expression of that philosophy, bringing together homes, workplaces, hospitality and wellness within one of Me​lb​ourne's most walkable neighbourhoods.&nbsp;

Construction is now almost complete, providing purchasers with growing confidence ahead of its expected September 2026 completion.

[smartcode_project_cta:default project_id=13181]

Walk Score of 99 places Richmond Square at the heart of Melbourne's most connected lifestyle

<h3 data-end="19" data-section-id="1dvgwoe" data-start="0">Summary</h3>

<ul data-end="634" data-start="21">
	<li data-end="170" data-section-id="1o77v31" data-start="21">Walker Corporation has lodged plans for a second major residential development in the Maroochydore City Centre, a 29-storey tower known as Celeste.</li>
	<li data-end="327" data-section-id="1lb0y6t" data-start="171">The Plus Studio-designed proposal at Lot 30 Sunshine Coast Parade would deliver 208 apartments, including four four-bedroom sub-penthouses and penthouses.</li>
	<li data-end="487" data-section-id="za720" data-start="328">The application comes as Walker doubles down on Maroochydore following the strong sales campaign at SOL by Walker, where the first tower is nearing sell-out.</li>
	<li data-end="634" data-section-id="5sovec" data-start="488">Walker is a key partner in the transformation of the Maroochydore City Centre, which is expected to ultimately deliver at least 4,000 new homes.</li>
</ul>

Walker Corporation is doubling down on Maroochydore following the successful sales campaign at its first residential project in the emerging CBD.

The national developer has filed plans for <a href="https://www.apartments.com.au/new-apartments/celeste-30-sunshine-coast-parade-maroochydore-qld-4558">Celeste</a>, a new 29-storey apartment tower at Lot 30 Sunshine Coast Parade, just metres from its under-construction SOL by Walker development.

The plans, prepared by Plus Studio, would see 208 apartments delivered across a 100-metre tower on the 2,376 sqm site, which fronts Sunshine Coast Parade, First Avenue and Future Way within the Maroochydore Priority Development Area.

<img alt="Walker" data-entity-type="file" data-entity-uuid="17038209-6fea-4ed2-855d-fd4df65b3d02" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-10%20at%2010.24.16%E2%80%AFAM.png?VersionId=iZD.oVXcQn.aLpUytDAW.CWjxP4puWMy" />

The proposed apartment mix comprises 36 one-bedroom apartments, 48 two-bedroom apartments, 72 two-bedroom apartments with an additional multipurpose space, and 48 three-bedroom apartments.

The upper levels would be capped by two four-bedroom sub-penthouses and two four-bedroom penthouses, taking the total apartment count to 208. The preliminary yield study also provides 262 car spaces, 114 resident bicycle spaces and storage for each apartment.

It represents Walker's next major residential move in the new Maroochydore CBD after the success of SOL by Walker, its $220 million two-tower project nearby.

SOL launched to market in early 2025 and has since seen strong demand, particularly from local owner-occupiers. By February this year, Walker said the first SOL tower was nearing sell-out, with a strong waitlist also emerging for its recently released penthouse collection.

Construction is already underway on SOL, with the first tower expected to be completed in late 2027 and the second to follow in early 2028.

[smartcode_project:default project_id=147777 project_image_fid=319846]

<h2 data-end="2518" data-section-id="1b2dyo5" data-start="2459">Celeste to rise 100 metres over Maroochydore City Centre</h2>

Celeste would take a different form to the twin 19-storey buildings at SOL.

Plus Studio has designed a single 100-metre tower above an activated podium, with the architecture responding to the site's prominent position and three street frontages.

The podium would incorporate commercial tenancies and public art, with sweeping façade elements wrapping the street edges. The scalloped concrete podium has been inspired by the patterns created in sand at low tide, while extensive landscaping would continue vertically through the tower.

The ground level plans show three commercial tenancies addressing Sunshine Coast Parade alongside the residential lobby and landscaped public realm. The podium would then accommodate several levels of car parking before the residential tower rises above.

<img alt="Celeste" data-entity-type="file" data-entity-uuid="121f77b1-71c5-46d7-9b36-0a7d474211ca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-10%20at%2010.24.47%E2%80%AFAM.png?VersionId=MGrg9Hb7HgzLN0Lelq_xrXNAruVl77ia" />

Plus Studio said the tower had been designed to maximise views from each apartment, taking in the Maroochy River, Sunshine Coast hinterland, Cotton Tree and Maroochydore Beach and ocean.

Those views have also shaped one of the project's key features, with Walker proposing to put the primary resident amenity on Level 29 rather than lower within the building.

The rooftop would feature a 284.9 sqm pool area with an infinity edge, along with a cold pool, spa, sauna, 93.2 sqm gym, sunset lounge, BBQ and dining areas, pool deck and private dining space. Cabanas and day beds are also shown across the recreation level.

The two penthouses would extend across the upper levels and each feature private terraces and plunge pools.

<h2 data-end="4202" data-section-id="v5f4ix" data-start="4160">Walker's growing Maroochydore footprint</h2>

Celeste further reinforces Walker's commitment to the transformation of Maroochydore City Centre.

Walker is one of the key partners delivering the new CBD alongside Sunshine Coast Council and SunCentral Maroochydore, with the broader 62-hectare Priority Development Area occupying the former Horton Park Golf Course and surrounding land.

The precinct is ultimately expected to accommodate at least 4,000 new homes as Maroochydore evolves into the Sunshine Coast's principal commercial and residential centre.

When SOL secured approval in February 2025, Walker Managing Director and CEO David Gallant described it as the "first of many residential projects" the company planned for the Maroochydore City Centre.

Celeste now provides the clearest indication yet of what comes next.

The site sits immediately within the new CBD, with the design report identifying Sunshine Plaza and surrounding parkland within walking distance and Maroochydore Beach around a five-minute drive away.

For Walker, the timing of the application comes as its first residential bet on the new CBD appears to have been vindicated.

SOL has progressed from planning approval to construction while its first release has approached sell-out, giving Walker confidence to push ahead with another 208 apartments and take its residential pipeline in the Maroochydore City Centre to around 450 dwellings across the two projects.

Celeste remains subject to planning approval, with the architectural material describing the scheme as a preliminary yield study that may change through the assessment process.

Staff reporter

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