The first development at Budds Beach in more than a decade has commenced construction, with award-winning builder and developer McNab bringing the sculptural 28-level Elements tower to life.

The milestone coincides with new research from the National Property Research Co that shows the Gold Coast will need another 144,000 new dwellings over the next two decades to meet the forecast population growth, set to tip one million residents by 2045.

McNab Executive Chairman Michael McNab said the 28-level&nbsp;<a href="/new-apartments/elements-budds-beach-surfers-paradise-21-oak-avenue-surfers-paradise-qld-4217">Elements</a> would deliver 87 two, three and four-bedroom apartments in the exclusive Budds Beach enclave.

“Budds Beach is incredibly tightly held, with very few properties exchanging hands in the past five years," McNab said.

"Once you see it for yourself, you can understand why. It’s an enclave you would only discover if you lived locally – a pristine riverfront beach, tree-lined streets and village-style cafes, just seven-minutes' walk from the iconic oceanside of Surfers Paradise."

[smartcode_project:default project_id=111522 project_image_fid=322249]

McNab said they've always looked to position their projects in areas loaded with lifestyle and on the cusp of growth.

“Budds Beach delivers on this, and our vision for Elements will soon create a sculptural landmark and new housing supply in an area where there is strong appetite for premium, home-sized apartments.”

[smartcode_project:default project_id=111522 project_image_fid=322243]

As testament to the project’s design and location, both McNab and the company’s CEO, Kunjan Ganatra, have both purchased apartments in Elements.

Designed by Cottee Parker, the $170 million tower, located at 21 Oak Avenue in Surfers Paradise, is scheduled for completion by Q32027.

Director of National Property Research Co Matthew Gross said more projects of this scale needed to break ground on the Gold Coast to meet the extraordinary pace of growth.

“In the next 20 years the Gold Coast’s population is forecast to surpass one million residents, which means another 144,000 new dwellings will need to be delivered to meet that demand,” Gross said

“The supply-demand imbalance has had a significant impact on property values in the city, with the median apartment price increasing 343 per cent since 2000 from $174,900 to its current median price of $795,000 for the first quarter of 2025."

In the past decade, we’ve also seen the number of apartment sales above $2 million grow by 1,600%, from just 33 sales in 2014 to more than 528 sales in 2024, Gross added.

[smartcode_project:default project_id=111522 project_image_fid=322247]

Elements has been progressively released to the market in stages since its formal launch, with more than 65 per cent of apartments in the Azure Collection now sold.

Managing Director of MOTIV, Carly Cottam, said a limited number of two and three-bedroom apartments were available in the Azure Collection at Elements, priced from $1.31 million for a two-bedroom apartment and from $1.75 million for a three-bedroom apartment.

“These apartments are designed for the local market and feature large floor plans, clever storage solutions and impeccable finishes,” Cottam said.

“Soon we will be releasing the Horizon Collection at Elements, which comprises just 10 four-bedroom 
plus multipurpose room residences, spanning half a residential level."

[smartcode_project:default project_id=111522 project_image_fid=322250]

Featuring European Oak flooring, natural stone benchtops, and an opulent wine bar complete with integrated wine fridge, Cottam said apartments within the Horizon Collection start from $3.912 million.

The full-floor penthouse at Elements has not yet been released to market. Crowning the top of Elements is a full-floor retreat dedicated to wellness and entertaining, with 360-degree views and extensive resident amenities including a horizon-edge pool, poolside lounge, BBQ and teppanyaki bar, yoga deck, gymnasium, sauna, and hot plunge pool.

[smartcode_project:default project_id=111522 project_image_fid=322252]

The construction milestone at Elements follows the successful delivery of White Main Beach, which was completed by <a href="/developers/mcnab-developments">McNab</a> in 2024 and awarded best Apartment Building over $50m by the Queensland Master Builders Assoc.

McNab remains one of the few builders in Queensland to consistently grow their pipeline and deliver projects ahead of schedule — a direct result of the company’s integrated business model, which leverages in-house teams of skilled tradespeople, and produces high-quality building materials, to help overcome industry-wide labour and material shortages.

[smartcode_project_cta:default project_id=111522]

Joel Robinson

McNab breaks ground on Elements apartment tower at Budds Beach

Sunkin Property Group will welcome buyers later this year to the latest stage of its Bayside masterplanned precinct, <a href="/new-apartments/highett-common-37-graham-road-highett-vic-3190">Highett Common</a>.

<a href="/builders/sk-construction">SK Constructions</a>, the building arm of <a href="/developers/sunkin-property-group">Sunkin Property Group</a>, recently topped out the North Lane building, one of several planned for the unrepeatable 9.3-hectare site next door to Highett Station and its accompanying amenity.

Sunkin held a topping out ceremony in early April to honour the milestone.

<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/vk4OyV9FSho?si=MfiVFS4GLCPLGPlL" title="YouTube video player" width="560"></iframe>

SK Constructions is now nearing completion of early civil works, with minor final touches underway to support the delivery of the first stage of buildings.&nbsp;

The team is also progressing on the community’s first one-hectare park, with drainage works, cut and fill operations, retaining walls, and new footpaths taking shape.

[smartcode_project:default project_id=108019 project_image_fid=300064]

The second stage of Highett Common, the Highett Common Townhomes Collection,&nbsp;is progressing through the detailed design phase. Construction is scheduled to begin later this year.&nbsp;

The third stage, the Mews Collection, which will deliver six levels of contemporary residences, is preparing for early basement works and piling.

[smartcode_project:default project_id=108019 project_image_fid=331186]

Highett Common’s first residents are expected to move in within the next six months.&nbsp;

Upon arrival, they’ll enjoy access not just to their new homes, but also to the community’s first park and playground, part of a broader vision that places open space and walkability at the heart of the precinct.

Select residences are currently available with stamp duty savings and a $12,000 furniture and styling package by <a href="/interior-designers/coco-republic-interior-design">Coco Republic</a>, offering added value for early buyers.

[smartcode_project_cta:default project_id=108019]

Sunkin tops out next Highett Common building as move-in date approaches

Consolidated Properties Group has topped out both towers at its riverfront <a href="/developments/toowong-qld-4066">Toowong</a> apartment development, <a href="/new-apartments/monarch-residences-toowong-600-coronation-drive-toowong">Monarch Residences</a>.

Final construction work is underway on the $460 million development which is 98 per cent sold. Just four of the 224 apartments remain.

Hutchinson Builders started construction on the 1.2-hectare site in 2023, notwithstanding the weather challenges throughout the past two years. As construction moves into the final stages, owners are set to begin moving in before Christmas this year.

[smartcode_project:default project_id=113455 project_image_fid=211466]

In the coming months, the scaffolding will be removed from River 1, which will allow the public and residents a first look at the exterior and form of the building.

With the structural construction of the building complete, Hutchinson Builders are continuing their work on the residence’s internal features and rooftop amenities, including the ultra-premium pool deck, gym, sauna and entertaining areas.

The heritage restoration of Middenbury House is also seeing major progress. The heritage-listed Welsh slate roof has been replaced using the last shipment of traditional Welsh slate ever to arrive in Australia, marking a significant step in the building’s restoration.

Once complete, residents and visitors to Monarch Residences will be among the first people to enter the historical building, as it is the first time it will be open to the public since its original construction in 1865.

[smartcode_project:default project_id=113455 project_image_fid=211490]

“We’re pleased with how the construction is progressing across both towers,” said Don O’Rorke, CEO and Chairman of <a href="/developers/consolidated-properties">Consolidated Properties Group</a>.

“Both towers are structurally complete, and we’re moving quickly into the final stages. Hutchinson Builders has done an outstanding job, and we’re confident the delivery will exceed our expectations. It’s exciting to see everything come together, and we look forward to welcoming the first residents soon.”

[smartcode_project:default project_id=113455 project_image_fid=302326]

Chairman of Hutchinson Builders, Scott Hutchinson said the building is something special, not just in Brisbane, but in Australia.

"It’s a beautiful building, sitting right on the river in Brisbane,"&nbsp;Hutchinson said.

“As builders, we have worked hard to ensure the materials we use are not only of the highest quality, but also visually appealing and structurally sound. The residences themselves are beautiful homes and it’s been a privilege bringing the vision of Monarch Residences to life."

[smartcode_project_cta:default project_id=113455]

“We’re pleased with how the construction is progressing across both towers,” said Don O’Rorke, CEO and Chairman of Consolidated Properties Group.

Cons Prop & Hutchies top out Monarch Residences in Toowong

Construction has commenced on&nbsp;Brunswick Established,&nbsp;Beulah’s sustainable, heritage-focused townhome project.

<a href="/developers/beulah">Beulah</a>&nbsp;has appointed&nbsp;<a href="/builders/level-10">Level 10</a>&nbsp;to build the 23 townhouses on Hodgson Street which recently won Gold at the International Design Awards in the Residential Architecture/Sustainable Home category.

Designed by <a href="/architects/six-degrees-architects">Six Degrees Architects</a>,&nbsp;Brunswick Established has been designed to "celebrates Brunswick’s historic character and champions an advanced model for sustainable urban living."

[smartcode_project:default project_id=136451 project_image_fid=333959]

Throughout the construction phase, the project team will aim to recycle and repurpose components of the existing building on site, historically home to one of the earliest clothing factories in Brunswick from the 1920s.&nbsp;

Bricks, where possible, will be recycled and used for architectural features, while salvaged timber will be repurposed and incorporated into pergolas. Collectively, this will not only significantly reduce construction waste but will actively reduce the project’s carbon footprint and reduce embodied carbon from using new materials.&nbsp;

A team of structural engineers and heritage specialists have started working together with Level 10 to retain essential heritage walls, using a delicate process of propping the building and integrating it into the new architecture.&nbsp;

Adelene Teh, Co-Founder of Beulah, said <a href="/new-townhouses/brunswick-established-23-hodgson-st-brunswick-vic-3056">Brunswick Established</a> embodies Beulah’s commitment to creating homes that harmonise with their surroundings and reflect the unique character of Brunswick.&nbsp;

“With Level 10’s exceptional craftsmanship and alignment with our vision, we are excited to see this project come to life, delivering multi-generational residences that will become a meaningful addition to the Brunswick community," Teh says.

[smartcode_project:default project_id=136451 project_image_fid=270371]

"The project has seen strong interest from buyers, with a mix of downsizers, business owners, and professionals snapping up the majority of the project, and we expect to see the remaining townhomes to sell quickly within the coming months off the back of recent State Government announcements, including savings to stamp duty.

"This, coupled with the forecasted interest rate cuts, is helping to increase buyer sentiment, with a buzz returning to the market and consumer confidence growing. "

Teh says there has been local and interstate buyers purchase, with majority drawn to the sustainable features of the project as well as the ability to completely customise their home.

"This unique and personalised approach is really what matters to the residents, and we are excited to see their visions come to life."

[smartcode_project:default project_id=136451 project_image_fid=277190]

Beulah’s decision to engage Level 10 for Brunswick Established was driven by their proven expertise in townhome development and shared values in sustainable construction.&nbsp;

“The team at Level 10 brings extensive experience in managing heritage sites and excels in building quality homes with thoughtful precision, aligning seamlessly with Six Degrees Architects’ vision for a progressive yet heritage-sensitive design. The result will be a collaboration that sets new standards for environmentally responsible construction, blending timeless architectural elements with the forward-thinking principles of circular living."

A limited amount of three and four-bedroom townhomes remain, priced from $1.87 million, with up to $146,000 in stamp duty Savings available*.

[smartcode_project_cta:default project_id=136451]

Adelene Teh, Co-Founder of Beulah, said Brunswick Established embodies Beulah’s commitment to creating homes that harmonise with their surroundings and reflect the unique character of Brunswick

Construction commences on Beulah’s Brunswick Established 

The first stage of <a href="/new-apartments/willoughby-grounds-5-walter-street-willoughby">Willoughby Grounds</a>, the Lower North Shore development by joint venture partners First Quadrant Properties and Qualtias, is approaching completion.

Two of the five buildings that make up the mini masterplan will welcome residents in the coming months. The majority of purchasers of the one, two, three and four-bedroom apartments have been families and downsizers, given the large floorplans on offer.

A key attraction for families is the dedicated children’s playground within the common area, fostering a community atmosphere where neighbours can connect while children have a safe space to play.

[smartcode_project:default project_id=135512 project_image_fid=327778]

“When designing Willoughby Grounds, we wanted to create a place that enhances both liveability and community,” says Adam Reeves, Director of Sales and Marketing at <a href="/developers/first-quadrant-properties">First Quadrant Properties</a>.

“The inclusion of larger residences and shared green spaces makes this an attractive option for families who want the best of both worlds – more space and an outstanding location.”

Comprising five distinct buildings, each with its own architectural identity, Willoughby Grounds draws inspiration from the area’s industrial past. The first stage, featuring apartments in the Halstrom and Fleming buildings, reflects <a href="/developments/willoughby-nsw-2068">Willoughby</a>’s 19th-century tanneries, a nod to the suburb’s rich heritage.&nbsp;

[smartcode_project:default project_id=135512 project_image_fid=327779]

“People want to feel connected to their community, and this development is designed to foster that sense of belonging,”&nbsp; Reeves added.

“Unlike high-rise developments, Willoughby Grounds offers a more intimate living experience, with most apartments designed to maximise natural light and ventilation.”

The project’s location provides easy access to local parks, gyms, cafes, and shopping precincts, including High Street Shopping Village, Northbridge Plaza, and Crows Nest Village. It is also well connected to transport links, with the Metro Train Station and city bus services nearby.

“The kids’ playground and the spacious layouts will be a real drawcard for families looking for an alternative to standalone homes in the area,” says Tim Abbott, Director of Projects and Developments at Ray White.

“With so many amenities nearby and lower strata fees, Willoughby Grounds offers both practicality and lifestyle benefits.”

[smartcode_project:default project_id=135512 project_image_fid=251211]

Designed by Mo Chehelbani from <a href="/architects/architecture-urbaneia">Architecture Urbaneia</a>, with interiors by acclaimed architects and interior designers DKO, the residences integrate multi-layered architecture with lush green spaces. The use of face brickwork, metal cladding, and concrete framing harmonises with the landscape, enhanced by jacaranda trees that are synonymous with the lower North Shore.

The project is being constructed by DASCO, one of the highest-rated builders in NSW with a 4.5 Gold Star iCIRT Rating.

The second stage, comprising the Lawson’ and Walter buildings, will be completed in late 2025. Registrations of interest for the two new buildings are now being taken.

[smartcode_project_cta:default project_id=135512]

The project is being constructed by DASCO, one of the highest-rated builders in NSW with a 4.5 Gold Star iCIRT Rating

Willoughby Grounds first stage approaches completion

Mirvac has celebrated commencement of construction on its new Prince &amp; Parade residential community in Brunswick, marking the start of major works for the project that will rejuvenate a disused site and deliver 167 much-needed new apartments to Melbourne.

With <a href="/new-apartments/prince-parade-by-mirvac-brunswick-701-park-street-brunswick">Prince &amp; Parade</a> underway, Mirvac now has more than 900 apartments currently in progress across Melbourne, demonstrating a strong commitment to the Victorian residential market.

Mirvac’s CEO Development, Stuart Penklis and General Manager, Residential Development Victoria, Elysa Anderson, were joined by Peter Khalil MP, Federal Member for Wills to celebrate the project’s milestone.

[smartcode_project:default project_id=4802 project_image_fid=217137]

Penklis said Prince &amp; Parade demonstrates how government and industry can work together to transform previously underutilised sites into much-needed homes for Victorians in desirable inner, middle ring locations, close to transport; and delivering this type of housing is a priority for government.

“With the support of the State Government, Prince &amp; Parade received the green light through the Development Facilitation Program and now we are delivering almost 170 modern apartments, creating 300 construction jobs and ongoing employment opportunities for the local community,” Penklis said.

“Formerly the old Princes Park Motor Inn, this residential community is a great example of how we can take a site that is no longer fit-for-purpose and deliver additional housing for the community.

"It’s important that we continue to work with all levels of government to find efficient planning pathways that allow industry to identify opportunities to accelerate housing across Melbourne."

[smartcode_project:default project_id=4802 project_image_fid=217129]

Mirvac’s General Manager, Residential Development Victoria, Elysa Anderson said Prince &amp; Parade will join Mirvac’s $7.6bn Victorian development pipeline, with a new build-to-rent community opening in <a href="/developments/brunswick-vic-3056">Brunswick</a> later this year.

“This project completes Mirvac’s construction trifecta for our apartment offering, joining The Albertine in the St Kilda precinct and Trielle in Yarra’s Edge,"&nbsp;Anderson said.

"Across our build-to-rent and build-to-sell projects, we are committed to delivering a range of apartments for downsizers, growing families and investors that are built for tomorrow."

[smartcode_project:default project_id=4802 project_image_fid=217119]

Prince &amp; Parade will offer a mix of one to four-bedroom apartments and will mark Mirvac’s third collaboration with design practice, Bates Smart, joining The Melburnian (2011) and The Eastbourne (2019) in the duo’s multi-award-winning developments.

The development will include a residential lounge, shared dining room and kitchen, crown courtyard, library, gym, shared roof top terrace and concierge. The building will deliver an average 7-Star NatHERS energy rating through double glazing, induction cooktops, heat-pump technology for hot water, and rooftop solar panels – all designed to minimise reliance on the grid and reduce environmental impact.

&nbsp;

Mirvac will also be creating a green link connecting Brunswick Road through to Park Street, designed by Jack Merlo and a number of public bike spaces throughout.

The development will include a publicly accessible retail tenancy which will offer a convenient spot for the community to enjoy café offerings. The tenancy will be independently operated and is expected to be open around the time of completion.

[smartcode_project_cta:default project_id=4802]

Mirvac to transform old motel into apartments in Brunswick as Prince & Parade construction kicks off

Developer David Devine's luxury Burly Residences in North Burleigh Heads is one step closer to being realised.

Construction firm Gowdie Management Group has started the build phase of the $535 million apartment development on a prime beachfront site at The Esplanade.

The 25-level apartment development will have just over 100 high-end apartments, serviced by a full suite of facilities unseen in the exclusive pocket of North Burleigh.

[smartcode_project:default project_id=134791 project_image_fid=328210]

GMG, responsible&nbsp;for delivering a whole range of developments over the past 20 years nationally, expects to complete the build in 2027.

GMG is headed by John Gowdie who has more than 30 years experience in the Australian construction industry. Gowdie’s early years were spent working for some of Australia’s major construction companies, including Lend Lease and Walter Corporation, before establishing GMG in 2004.

DD Living CEO David Devine said it was exciting to see GMG on site bringing Burly Residences to life.

“Much has happened since we formally launched <a href="/new-apartments/burly-residences-north-burleigh-264-268-the-esplanade-burleigh-heads">Burly Residences</a> to the market, and I am very proud of the progress we have made to date and I am proud to announce our selection of Gowdie Management Group as the builder for the project,” Devine said.

“We are pleased to be working with a construction company of such high calibre for the delivery of Burly Residences to the elite standard we designed."

[smartcode_project:default project_id=134791 project_image_fid=328213]

Burly Residences will comprise two, three and four-bedroom apartments with two full levels of facilities including several swimming pools, a gym with Peloton room, steam room, sauna, yoga and Pilates lounge, a private cinema, barbecue area, casual and formal dining, kitchen, teppanyaki bar, private office, executive lounge and a bar.

Legendary Japanese architect Koichi Takada designed Burly Residences, and the interiors were handled by the equally regarded interior practice, MIM Design, led by design doyenne Miriam Fanning.

The two-bedroom apartments start from 116 sqm and the four-bedrooms reach 743 sqm.

[smartcode_project:default project_id=134791 project_image_fid=328218]

Adrian Parsons of TOTAL Property Group says&nbsp;Burly is completely unique and beyond anything else currently available on the market in North Burleigh.

“Large prestigious apartments enjoy 40 metres of beach frontage overlooking North Burleigh Beach and two whole levels of six-star resort and lifestyle amenities that are on par with the world’s most luxurious resort hotels," Parsons says.

"These facets and the exceptional location within walking distance of Burleigh Heads place Burly as a unique opportunity for large home-sized apartments right on the beach with six-star luxury and amenity.”

Prices start from just over $2.4 million.

[smartcode_project_cta:default project_id=134791]

Construction commences at Devine's luxury Burleigh tower, Burly Residences

<ul>
	<li data-end="187" data-start="0">The Queensbridge Building, a 62-level mixed-use development, is under construction in the heart of Melbourne’s CBD, South Melbourne, and Arts Precinct, with completion expected in 2025.</li>
	<li data-end="361" data-start="188">The development includes 367 apartments, a 188-room hotel, co-working spaces, resident amenities, and a corner store, with a design philosophy based on ‘Modern Nostalgia.’</li>
	<li data-end="499" data-start="362">Interior design by David Flack focuses on natural light, customizable finishes, and spaces that encourage personalization by residents.</li>
	<li data-end="642" data-is-last-node="" data-start="500">Queensbridge will offer numerous facilities, including a gym, outdoor lap pool, wellness rooms, and a car share program with Tesla vehicles.</li>
</ul>

<hr />
The Queensbridge Building, at the nexus of the Melbourne CBD, South Melbourne, and the sought-after Arts Precinct, is continuing to achieve milestones in its construction.

The striking glass facade by <a href="https://www.apartments.com.au/architects/fraser-partners-0">Fraser &amp; Partners</a> is starting to shine from Queensbridge Street, with regarded builder Hickory in charge of the construction of the 62-level, mixed-use building which will be the&nbsp;only new apartment development to complete in <a href="/developments/southbank-vic-3006">Southbank</a> in 2025. The last completion of a new tower was in 2022.

Developer&nbsp;<a href="/developers/time-place">Time &amp; Place</a>&nbsp;is bringing a rounded lifestyle offering to its future residents. Alongside the 367&nbsp;one, two and three-bedroom apartments will be a 188-room Hannah St. Hotel, significant resident amenity, a two-level mezzanine lobby with co-working centre, and a convenient corner store.

[smartcode_project:default project_id=1504 project_image_fid=272099]

The design&nbsp;philosophy, both in the apartments' interiors and the building's architecture, is guided by Time &amp; Place's new concept of ‘Modern Nostalgia,’ seeking to recreate the comfort and familiarity of home within a skyscraper setting.

Interior architect David Flack handled the design style of the apartments that are designed to optimse nature light with large picture windows and integrated study nooks.

"Often you walk into an apartment, and it’s immediately clear how the designer or architect wants you to live, but not here," Flack said.

"We want you to see yourself within these spaces, and make them your home."

[smartcode_project:default project_id=1504 project_image_fid=272079]

Each of the apartments can be customised with multiple choices of finishes rarely available to any development.

Time &amp; Place use a unique custom lab software that also allows homeowners to view colour selections in the kitchen, bathrooms, and bedrooms.

[smartcode_project:default project_id=1504 project_image_fid=272085]

A myriad of facilities will be accessible by Queensbridge residents, including but not limited to a co-working space, a resident dining room, gym, an outdoor lap pool, a hot house, and several wellness rooms.

Residents will also have access to an affordable car share program with Tesla vehicles

[smartcode_project:default project_id=1504 project_image_fid=272090]

The facilities will be complemented by more public spaces like a&nbsp;reinterpretation of the neighbourhood corner store.

Hickory is soaring past level 50 on its way to completing the 62-level structure, with the interior fitout to follow soon after completion of the building.

[smartcode_project_cta:default project_id=1504]

Developer Time & Place is bringing a rounded lifestyle offering to its future residents

Hickory targets 2025 completion of The Queensbridge Building in Southbank

Local developer&nbsp;<a href="/developers/monaco-property-group">Monaco Property Group</a> has launched the final residences at Capri Villas, the exclusive development on the Isle of Capri, a few months before its expected completion.

Renowned Gold Coast builder Greyburn is well advanced in construction of the <a href="/new-townhouses/capri-villas-81-salerno-street-isle-of-capri">48 architecturally designed villas</a> in the private, gated community which is the largest new development on the <a href="/developments/isle-of-capri-qld-4217">Isle of Capri</a> in over three decades.

[smartcode_project:default project_id=139511 project_image_fid=324090]

Offering something different to the new development market on the Gold Coast, Capri Villas offer low maintenance living while retaining that feeling of living in a house.

The three and four-bedroom villas are spread across a 12,000 sqm community behind a secure gate only accessible by residents and its guests. Once inside the gates, it feels like an American country club, with private roads leading to the villas.

Central to the development, inkeeping with the country club vibe, is a resort-style swimming pools set in extensively landscaped gardens, underneath towering palms. The pool has submerged lounges in the wate and a sundeck.

[smartcode_project:default project_id=139511 project_image_fid=324093]

Accompanying the central pool will be an outdoor dining terrace with a barbecue pavilion and an indoor residents' lounge, equipped with a built-in bar and kitchen.&nbsp;

The way the homes have been designed, and the level of facilities which were included to foster a sense of community, has seen local downsizer make up the majority of purchases.

The villas feature&nbsp;spacious, open-plan layouts that integrate indoor and outdoor living with high-end finishes such as natural stone benchtops and Gaggenau appliances. &nbsp;

[smartcode_project:default project_id=139511 project_image_fid=324097]

Capri Villas are strategically located just&nbsp;800 metres from the dining and retail precinct of Capri on Via Roma.

The first residents are expected to move into Capri Villas in mid-2025.

Read more:&nbsp;<a href="/news/qld/from-mosman-to-isle-of-capri-why-sydney-buyers-are-heading-to-the-gold-coast">From Mosman to Isle of Capri: Why Sydney buyers are heading to the Gold Coast</a>

[smartcode_project_cta:default project_id=139511]

Offering something different to the new development market on the Gold Coast, Capri Villas offer low maintenance living while retaining that feeling of living in a house

Final release at Capri Villas as construction speeds toward mid-2025 completion

Summary:

<ul>
	<li aria-level="1">Mirvac starts construction on Prince &amp; Parade</li>
	<li aria-level="1">Construction of the 166 apartments expected to complete in mid to late 2026</li>
	<li aria-level="1">Mirvac inhouse construction team hopeful of topping out this year</li>
	<li aria-level="1">Third collaboration with Bates Smart following two award-winning parkside developments The Melbournian and The Eastbourne&nbsp;</li>
</ul>

&nbsp;

Mirvac's third Melbourne parkside collaboration with acclaimed architecture firm Bates Smart is starting to come out of the ground.

The ASX-listed developer has officially commenced construction on <a href="/new-apartments/prince-parade-by-mirvac-brunswick-701-park-street-brunswick">Prince &amp; Parade</a>, their new <a href="/developments/brunswick-vic-3056">Brunswick apartment development</a> across from the 39-hectare Princes Park.

[smartcode_project:default project_id=4802 project_image_fid=217137]

Mirvac's inhouse construction team has installed two cranes on the Park Street site, after completing demolition and excavating the two levels of basement car park last year. They will now work away throughout 2025 to build the structure, which will likely top out later this year.

Completion of the 166 one, two, three and four-bedroom apartments is slated for mid to late 2026.

<h2>The Location</h2>

The apartments so far have been the most popular with local owner-occupiers, who have been most attracted to Princes Park, home of Carlton Football Club, walking paths, sports grounds, and playgrounds, as well as the cafe culture in <a href="/developments/brunswick-vic-3056">Brunswick</a> and the neighbouring <a href="/new-apartments/parkville-vic-3052">Parkville</a>, <a href="/new-apartments/princes-hill-vic-3054">Princes Hill</a>, and <a href="/new-apartments/carlton-vic-3053">Carlton</a>.

[smartcode_project:default project_id=4802 project_image_fid=217137]

There's been an influx of purchasers who are working in the medical industry in particular, given the development's proximity to several local hospitals. Prince &amp; Parade's location has also proven favourable for academics who work at highly prestigious local universities like Melbourne University and RMIT.

<h2>The Design</h2>

<a href="/new-apartments/prince-parade-by-mirvac-brunswick-701-park-street-brunswick">Prince &amp; Parade</a> has been designed to orient the park, taking advantage of the 100 metre frontage to Park Street. The orientation means that residents will benefit from park views through the floor-to-ceiling glass.

[smartcode_project:default project_id=4802 project_image_fid=217129]

It's been cleverly designed so it reaches a height of nine levels to the north building on <a href="/new-apartments/5-9-brunswick-road-brunswick-east">Brunswick Road</a>, and five levels on the south-facing building on Park Street. The building will feature a rooftop terrace with views over the park and the rest of Melbourne. There will also be a resident lounge and dining room,a library, full wellness studio, and a ground-floor retail space, expected to be a cafe.

[smartcode_project:default project_id=4802 project_image_fid=269388]

In line with Mirvac’s push to be net positive carbon by 2030, Prince &amp; Parade will be an all-electric building.

<h2>The Team</h2>

<a href="/developers/mirvac">Mirvac</a> has had parkside success previously when collaborating with <a href="/architects/bates-smart">Bates Smart</a> at their Fitzroy Gardens development <a href="/buildings/the-eastbourne-280-albert-street-east-melbourne">The Eastbourne</a>, which won the 2020 UDIA High Density Development Award. They've also worked together on The Melburnian on St Kilda Rd, which too was a UDIA Award winner.

[smartcode_project:default project_id=4802 project_image_fid=321933]

Landscape architect Jack Merlo has handled the landscaping of Prince &amp; Parade. The rooftop terrace and central courtyards in particular will be enveloped in greenery. The courtyard will “provide a place of passive sanctuary, referencing the site's location opposite Princes Park,” Merlo said.

Prices at Prince &amp; Parade start from $750,000.

[smartcode_project_cta:default project_id=4802]

Completion of the 166 one, two, three and four-bedroom apartments is slated for mid to late 2026.

Construction Update

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News