Sydney-based Sun Property Group is looking to divest a prime residential apartment site in Melbourne's blue-chip Toorak.

They are hoping for around $15 million for the 1,774 sqm site at&nbsp;226–228 Williams Road, with three street frontages to William Road, Tashinny Road, and Gordon Street.

The sale comes with a permit-approved scheme for a&nbsp;three-level building with 18 high-end apartments designed by Cera Stribley, a mix of&nbsp;10 two-bedroom apartments, four three-beds, and four penthouses.

Cushman &amp; Wakefield’s Hamish Burgess, Leon Ma, and Daniel Wolman said this is not just another development opportunity, it’s a rare convergence of scale, location, and perfect timing in the market as Melbourne’s development landscape shifts in lieu of three rate reductions so far in 2025.

<img alt="226–228 Williams Road, Toorak" data-entity-type="file" data-entity-uuid="875d85f7-ade6-4035-a181-5731e3c85253" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/226%E2%80%93228%20Williams%20Road%2C%20Toorak-%20current%20aerial.jpg?VersionId=YPtGUtFjvd6OIetFZfaYyOugMi_wOSN1" />

&nbsp;

With an existing permit in place and strong potential for further uplift under innovative new planning initiatives such as the expanded Activity Centre Program or Great Design Fast Track, the site offers a blueprint for high-end living in one of Melbourne’s most affluent enclaves.

Surrounded by elite amenities, from Hawksburn Village and Toorak Village to Como Park, Royal South Yarra Tennis Club, and Saint Haven Wellness, the location is a magnet for lifestyle-focused buyers. The success of nearby projects like Hawksburn Place by Gurner and Tintern by Prime Edition underscores the appetite for luxury apartment living in this tightly held pocket.

<img alt="226–228 Williams Road, Toorak" data-entity-type="file" data-entity-uuid="2cd00bc1-ad8c-4514-97fc-4e94f6b30f8c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/226%E2%80%93228%20Williams%20Road%2C%20Toorak%20artist%20impression2.jpg?VersionId=Gefxpx5RxJKTf0Qv7TBAwayz3fz5sbuW" />

“We’re seeing strong interest from boutique developers and private family offices who understand the value of delivering timeless, high-end residences in blue-chip locations," Hamish Burgess of Cushman &amp; Wakefield said.

"This site ticks every box; scale, frontage, planning, and prestige.”

Sun Property Group has previously delivered The Brookville in Toorak.

Joel Robinson

Sydney developer to offload $15 million Toorak apartment site

Developers are set to queue up to grab the opportunity to redevelop the former <a href="/developments/albion-qld-4010">Albion</a> Flour Mill site in Brisbane's inner-ring.

There are approved plans for 456 studio, one, two, three and four-bedroom apartments above a full-line Woolworths. Woolworths development arm, Fabcot, is selling the 5,586 sqm site at 60-78 Hudson Road, opposite the train station, through Colliers.

The project, dubbed <a href="/new-apartments/60-hudson-road-albion">The Albion</a>, has been designed by Cottee Parker and comprises two 18-level towers which will share a podium that will home retail spaces and give direct public access to the adjoining train station. There will be a BWS next to the Woolworths, as well as a cafe and several recreational and communal spaces.

<img alt="Albion" data-entity-type="file" data-entity-uuid="4fd6ad52-3389-4740-bf7a-fa2a55deac1e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-02-18%20at%209.32.13%E2%80%AFAM.png?VersionId=1LdgSqb72Zbe_vI1ssy7K.vVuz.1Y862" />

Colliers Queensland Residential Director Troy Linnane said the record population growth being experienced in SEQ is driving exceptional demand into Brisbane’s apartment market making development site opportunities in key inner city locations highly sought after.

“Brisbane is now Australia's second most expensive capital city housing market, with limited new apartment supply despite acceptance of higher prices,” Linnane said.

“We are expecting to see strong interest from local, interstate and offshore developers, with a compelling opportunity for both build to rent and build to sell outcomes, as well as investors and high net worth individuals.

“The development site market in Brisbane has excellent fundamentals which are seen as having the best growth prospects of any city on the eastern seaboard of Australia. The average sale price for&nbsp;inner-city new apartment stock soared to a new peak of $2,083,000 in Q2 2024."

<img alt="Albion" data-entity-type="file" data-entity-uuid="a933b1bd-8e9e-4870-956e-3d0156ad3af1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-02-18%20at%209.32.18%E2%80%AFAM.png?VersionId=TNYTE_I0dAc2BjL6DRokzVAQTaTh.0jI" />

&nbsp;

Colliers Head of Retail Middle Markets James Wilson said the site offered further retail amenity to the growing area, and on completion would offer a new Woolworths supermarket.

“Upon completion, the retail will comprise a full line 4,000m2 Woolworths Supermarket, BWS and a café that will provide much needed amenity to the rapidly evolving Albion precinct,” James Wilson said.

“Colliers recently transacted another Fabcot owned development site at Kangaroo Point for $18.25 million to Mosaic Property Group which has reported strong sales since it launched in late 2024, highlighting demand for these mixed use development sites underpinned by Woolworths supermarkets remain highly sought after.”

Woolworths to sell another prime Brisbane development site with apartment approval

The demand for downsizer in apartments is prompting more home owners to band together to create a site more suitable for multi-residential developments.

The latest is on Bond Street, just off Military Road, where four owners have banded together to list their four freestanding homes within 400 metres of the Spit Junction town centre.

They saw the opportunity pending the NSW Government's changes to the Low and Mid-rise SEPP.

“The four owners have agreed it makes sense to enter a co-owners agreement and market the properties in one line to a select group of developers that are active in the local area," Beth McNally, one of the owners of the four properties, said.

The site could be redeveloped into over 28 luxury apartments.

The 1,740m2 site is earmarked to benefit from a material increase to the current floor space ratio from 0.7:1 to an expected 2.2:1 under the SEPP amendments including a maximum building height limit of 22 metres.

The SEPP changes include the Low and Mid-rise housing reforms (LMR) and the Transport Orientation Development Program (TOD) is an NSW Government initiative to increase housing supply located close to established shopping precincts and transport hubs.&nbsp;

Mosman has seen an uptick in demand for quality&nbsp;apartments attractive to local retirees and downsizers.

According to the ABS 2021 census figures the number of people over 65 in Mosman is over 26 percent higher than the national average.

In August, Danny Avidan's Dare Property Group sought to develop 27 apartments above a row of shops at their recently acquired triple site at&nbsp;<a href="/new-apartments/twenty88-mosman-696-706-military-road-mosman">696, 700 and 706 Military Road</a>.

Read more:&nbsp;<a href="/news/nsw/first-look-exclusive-established-luxury-developer-dare-property-group-plants-a-flag-in-mosman-with-twenty88">First look exclusive: Established luxury developer Dare Property Group plants a flag in Mosman</a>

The obvious demand for more high-end apartments has had&nbsp;<a href="/news/nsw/13-owners-pitch-together-for-rose-bay-apartment-development-opportunity">13 different owners band together</a>&nbsp;in Rose Bay to list a combined 1,377 sqm just one row back from the beach and on the fringe of the Rose Bay village.

McGrath's Craig Pontey says&nbsp;that with the&nbsp;current demand for luxury apartments being exceptionally strong, the site will allow for "many apartments with fantastic Harbour views in a very convenient location."

&nbsp;

Mosman transformation to continue as prime development site listed

A prime development site in the heart of Rose Bay, one row back from the beach and in the village, is expected to attract a swell of residential developers.

13 owners have banded together to offer the 1,377 sqm site at&nbsp;730-738 New South Head Road and 2-10 Collins Avenue through McGrath Double Bay agent Craig Pontey, who owns one of the lots.

"We have got together as a collective collaboration of like-minded owners wanting to sell," Pontey says.

"There are five extra large townhouses, one three-bedroom apartment and six shops with underground parking all being offered in one line”.

Pontey says that with the&nbsp;current demand for luxury apartments being exceptionally strong, the site will allow for "many apartments with fantastic Harbour views in a very convenient location."

The site is bounded by three street frontages, New South Head Road, Caledonian Avenue and Collins Avenue, Rose Bay. &nbsp;

"It’s a very high-profile corner site," Pontey added.

Rose Bay is starting to see demand increase in new apartments, particularly for the downsizers.

Historically, the new apartment market in <a href="/new-apartments/rose-bay-nsw-2029">Rose Bay</a> has been virtually non-existent, leaving locals with limited options: either relocate from the suburb they love or downsize to an older apartment in a building constructed decades ago.

However, a shift is underway. The new apartment market is beginning to flourish, offering fresh opportunities for buyers.

Rose Bay has emerged as the most searched suburb in the Eastern Suburbs over the past three months on Apartments.com.au. There was a 48 percent increase in searches from June to July, with last month’s search volume reaching its highest level since April 2023.

Read more:&nbsp;<a href="/news/nsw/downsizers-finally-start-to-get-their-chance-in-rose-bay-as-new-apartment-supply-grows">Downsizers finally start to get their chance in Rose Bay as new apartment supply grows</a>

13 owners pitch together for Rose Bay apartment development opportunity

The Department of Planning, Housing and Infrastructure (DPHI) has gazetted an amendment to the <a href="/developments/woollahra-nsw-2025">Woollahra</a> Local Environmental Plan (LEP) 2014, allowing the planning proposal at 136-148 New South Head Road, <a href="/developments/edgecliff-nsw-2027">Edgecliff</a> to proceed with increased density.

The amendment raises the height limit from 14 metres to 46 metres at the 1,748 sqm mixed-use site located three kilometres from the CBD and&nbsp;opposite the Edgecliff Centre and Edgecliff Station.

<a href="/architects/group-gsa">GroupGSA</a> delivered the planning proposal for the development dubbed One Darling Point, which is currently for sale through CBRE and Colliers. International development company,&nbsp;<a href="/developers/anka-property-group">Anka Property Group</a>,&nbsp;directed by Andrew and Vera Boyarsky, are the vendors.

GroupGSA urban design principal Jenna Keyes said the site’s significant location, situated directly across from Edgecliff Station and bus interchange, will contribute to the NSW Government’s aspiration for Sydney to be a 30-minute city.&nbsp;

“Appropriate development of this site presents an opportunity to maximise the benefits of active and efficient transport for more residents and support the newly released housing targets from the NSW Government,” Keyes said.&nbsp;

The New South Head Road corridor provides essential access to transport and services and a significant catchment area including <a href="/developments/darling-point-nsw-2027">Darling Point</a> Peninsula, <a href="/developments/paddington-nsw-2021">Paddington</a>, <a href="/developments/double-bay-nsw-2028">Double Bay</a> and <a href="/developments/rushcutters-bay-nsw-2011">Rushcutters Bay</a>.&nbsp;

Keyes said the rezoning will support future renewal objectives set out in the Greater Sydney Region Plan, including providing an appropriate location for additional housing, fostering growth to meet the community's needs for goods and services, and enhancing the area's roles in recreation, culture, arts, and community hubs.

<img alt="Developers to circle prime Darling Point apartment development site" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screen%20Shot%202024-03-25%20at%201.45.01%20pm.png?VersionId=nlFrd7aAx8ImJ3GO0WqpiR_7fPsZHdIB" />

GroupGSA developed a concept design for the site to align with the client’s and Woollahra Council’s vision of delivering the highest standard of architectural and urban design within the rejuvenated urban corridor and revitalised core.

GroupGSA Architecture principal Alister Eden said the site, positioned at the prominent intersection of New South Head and Darling Point Roads, presented “an opportunity to create a gateway building and new focal point” in the transformation of Edgecliff.

“The design is a direct nod to the retained art deco former bank building, and adjacent buildings of a similar architectural style,” Eden said. “The concept was conceived to work in harmony with the existing urban condition, while also delivering a contemporary response to this changing environment.&nbsp;

“An activated public interface on the ground plane is designed to enhance the pedestrian experience of the centre, within what is currently a very vehicle-centric environment. This will improve the social and economic conditions of Edgecliff as a whole, aligning with the future development that is anticipated across adjacent sites.”

In July 2022, Woollahra Council refused the proposal, prompting Anka to call for a rezoning review. Following the success of that outcome, the NSW Department of Planning announced a gateway determination in March of this year.

Council backflipped on its decision by supporting the plans in February 2024, following public submissions which saw 63 per cent of residents in favour of the high-rise development.

In July 2022, Woollahra Council refused the proposal, prompting Anka to call for a rezoning review. Following the success of that outcome, the NSW Department of Planning announced a gateway determination in March of this year

New Edgecliff gateway development expected after height limit triples

The development site of the recently launched The Highlander, one of the first Melbourne CBD towers to be launched for several years, has hit the market.

The 352 sqm site&nbsp;at <a href="/new-apartments/the-highlander-melbourne-490-flinders-street-melbourne">490 Flinders Street</a>&nbsp;and 1-9 Highlander Lane comes with approved plans for a 24-level tower designed by Metier 3.&nbsp;

[smartcode_project:default project_id=13067 project_image_fid=256355]

Singaporean investment firm Havenport Investments had been seeking to develop the building that has 35 apartments, a ground floor with a residential lobby, a cafe, retail spaces, a basement level with a car stacker for 10 vehicles, bicycle parking, and site services.

&nbsp;

&nbsp;

<a href="/project-marketer/colliers">Colliers</a> is expecting the site to sell for around $12 million.&nbsp;

&nbsp;

[smartcode_project:default project_id=13067 project_image_fid=256357]

Colliers, Head of Investment Services – Victoria, Matt Stagg, said the permitted project is well advanced, offering an approved building envelope, positioned to capitalise on the premium view lines over the Yarra River and the high-end amenity stemming from the Rialto precinct that is around 75 metres away.

“We expect both local and offshore build-to-sell developers to compete for the site, as apartment pre-sales rates are improving across Melbourne," Stagg said.

"Population growth estimates show Melbourne to have the largest forecast migration of all the capital cities in Australia in the next 10 years”.&nbsp;

&nbsp;

Colliers is expecting the site at 490 Flinders Street and 1-9 Highlander Lane to sell for around $12 million.

Staff Writer

The Highlander, Melbourne development site hits the market

The Newstead Collective, one of Newstead's largest development projects, has hit the market.

Both local and interstate developers are expected to be circling the 7,440 sqm site which incorporates&nbsp;75 Longland Street, 11, 13 and 23 Stratton Street with 22 and 24 Kyabra Street.

It has plans with the Brisbane City Council for a three-tower development with over 1,000 apartments and a variety of retail outlets including&nbsp;such as cafes, restaurants, well-being, and health and beauty.

Colliers Queensland agents Troy Linnane and James Matley and Capital Markets Residential National Director Robert Papaleo have been appointed to launch an international expression of interest campaign for the significant residential development opportunity in the heart of Newstead.

The site has an approximate total site area of 7,440 sqm with frontages to Longland, Stratton and Kyabra streets. On completion it will become a new residential and lifestyle precinct, adjacent to Gasworks Plaza, providing a variety of options for the escalating number of people looking to live and socialise in Brisbane’s sought after Newstead precinct.

Similar scale inner city development sites have transacted for over $100 million.

<img alt="Newstead" data-entity-type="file" data-entity-uuid="85e23812-32e7-47bb-8b45-ada99aa5141d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-03-27%20at%2012.42.13%20pm.png?VersionId=uxUIK7hJyw5pKX0Op6N5XsKVnGgR9z7u" />

Colliers Queensland Residential Director Troy Linnane said the development concept relates to a masterplanned staged, three-tower project providing 1,001 apartments and 2,713 sqm of ground floor retail uses.

"Positioned in an unrivalled location, 'The Newstead Collective' is a stone's throw away from the Brisbane River and iconic destinations like James Street and Howard Smith Wharves, offering a variety of entertainment and lifestyle options that will complement the lifestyle aspirations of its future residents,” Linnane said.

“The apartment typologies vary to include studio, one, two and three bedroom apartment options.

“Based on historical demand and current supply, inner Brisbane will experience a shortfall of approximately 14,000 new apartments over the next four years, which highlights the chronic housing crisis in Brisbane."

<img alt="Newstead" data-entity-type="file" data-entity-uuid="bce9ca66-42af-429c-95ed-965a41d74052" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-03-27%20at%2012.42.07%20pm.png?VersionId=zD6xRHjq0MAK5hFeZV.ungUpYzGA2isi" />

Colliers Queensland Residential Executive James Matley said this is the last residential development opportunity of scale within the heart of Newstead, that will provide much-needed housing for both owner-occupiers and renters in this precinct.

“Due to the strong population growth and the lack of housing supply, with a current vacancy rate of 1.0%, we will continue to see price and rental growth in the Brisbane apartment market for the foreseeable future," Matley said.

"This development offers an inspired design that creates a thriving urban community around a piazza where residents can live, shop, dine, and relax in Brisbane’s most desirable inner-city suburb.

“The average sale price for new apartments in inner Brisbane is $1,726,500, which is the highest on record for new apartments. Price and rent increases are expected to continue given the growing demand v supply imbalance."

Situated in the heart of Brisbane’s best apartment neighbourhood and most sought-after inner city suburb, Newstead Collective offers unmatched amenity being in walking distance to James Street precinct, the Fortitude Valley entertainment precinct, 3km from the CBD, and 15 minutes drive from Brisbane Airports.

The project has been designed by Brisbane-based, award-winning architects Bureau Proberts, with the development application now lodged with Brisbane City Council for assessment.

Similar scale inner city development sites have transacted for over $100 million

Newstead Collective site, with 1,000 apartments, could fetch $100 million as developers look forward

One Darling Point, the much talked about project on the corner of New South Head Road and Darling Point Road, is set for a new owner.

International development company Anka Property, directed by Andrew and Vera Boyarsky, have long been in discussion with the Woollahra Council for the 1,748 sqm site at 136-148 New South Head Road, opposite the Edgecliff Centre and Edgecliff Station.

Despite initially being refused by the council back in 2021, they backflipped on the design earlier this year, paving the way for the tower which is nearly four times the area height limited.

<img alt="NSW" data-entity-type="file" data-entity-uuid="9b5105e3-6b5c-4403-9e59-1660542fc593" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-03-25%20at%201.45.39%20pm.png?VersionId=aZErgrJecn5kZrMVudRd14xCggm2yH2h" />

The 12-level building is expected to home around 40 apartments, the majority two and three-beds.

Group CSA said in the initial Urban Design Report that the&nbsp;site’s access to the Edgecliff public transport interchange and proximity to the Sydney CBD makes it a good location for promoting transit-oriented development (TOD), supported by well-designed public spaces and a vibrant local economy.

"The site location responds to 30-minute city established by the Greater Sydney Commission and can leverage nearby natural environments and proximity to infrastructure as potential opportunities in the design response," the report read.

"The vision of the metropolis of three cities seeks to further increase Edgecliff’s role as a key transport interchange. This direction is therefore likely to impact on Edgecliff’s strategic position in the future."<img alt="One Darling Point For Sale - Views" data-entity-type="file" data-entity-uuid="65ce4b4c-9a2c-4661-93fc-ce3fc3b94522" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/One%20Darling%20Point%20Views.jpg?VersionId=71LksFA3HBxpdQdvyATFwWgdpQhed49m" />

Colliers and CBRE are both marketing the site.

Anka was founded by Andrew's father Alex in 1968 Their Sydney projects have included 2 Bay and 30 Bay in Double Bay and The Hensley in Potts Point.

The 12-level building is expected to home around 40 apartments, the majority two and three-beds

Developers to circle prime Darling Point apartment development site

A North Sydney office building has been listed for sale with the development expectation it could be converted into an apartment building.

The listing comes at a time where there's a square focus on adaptive reuse of office buildings in Australia’s major CBDs. 
&nbsp; 
Located at 12 Mount Street, the nine-level commercial building is expected to sell for circa $40 million.&nbsp; 
&nbsp; 
<a href="/project-marketer/cbre-residential-australia">CBRE</a>’s Ben Wicks, James Parry and Angus Windred are managing the sale via an expression of interest campaign closing 28th March 2024.&nbsp; 
&nbsp; 
“Without substantial upgrades or capital expenditure, commercial buildings built in the 1960s and 1970s no longer satisfy the needs of tenants,” Wicks said.&nbsp; 
&nbsp; 
“The softening in commercial values and increase in vacancy levels is providing an opportunity to obtain vacant possession to redevelop. We are seeing a growing number of building owners - both in Australia and globally - turning to adaptive re-use, choosing to repurpose existing buildings to better uses such as residential apartments, in favour of doing a knockdown rebuild.” 
&nbsp; 
“Due to the properties prime position in <a href="/new-apartments/north-sydney-nsw">North Sydney</a> CBD, Sydney Harbour and Bridge views and solid demand for residential apartments in the area, we are expecting buyer interest from experienced local developers.&nbsp; 
&nbsp; 
The property has potential for holding income and vacant possession from January 1st, 2025. The potential development will likely retain its existing superstructure and basement car parking. 
&nbsp; 
“With limited available residential stock, and existing commercial strata buildings becoming increasingly costly to manage and requiring significant capital upgrades, we are seeing an increase trend in owners banding together to sell as an amalgamation," Windred added. 
&nbsp; 
“Due to the changing dynamics of the commercial landscape, we are currently experiencing a push for a greater mixed-use environment in this space which could inject a new breed of investors to the <a href="/new-apartments/sydney-nsw">Sydney</a> CBD and Metro markets and see redundant buildings turned into valuable accommodation which Sydney needs.” 
&nbsp; 
The focus on potential office conversion is also evident in <a href="/new-apartments/melbourne-vic">Melbourne</a>. A&nbsp;recent Property Council Study found that vacant office buildings in <a>Melbourne</a>’s CBD have the potential to be transformed into apartments, leading to the creation of up to 12,000 new homes. 
&nbsp; 
The study, conducted by architecture firm <a href="/architects/hassell-studio">Hassel</a>l on behalf of the Property Council of Australia, found that subject to individual feasibility studies, approximately 86 office buildings are suitable for adaptive reuse.

CBRE is expecting interest from experienced local developers

North Sydney office block pitched at residential apartment conversion

The redevelopment of the heart of Main Beach on the Gold Coast looks set to continue with one of the streets best trophy assets hitting the market.

Listed for the first in nearly a decade is eight of the 10 lots in <a href="/new-apartments/main-beach-qld-4217">Main Beach</a> Plaza, at 20-22 Tedder Avenue, which are being sold under the hammer by Harcourts Coast Commercial Directors Jared Johnson and Lachlan Marshall.

The property has already generated strong interest from investors and developers.

Johnson said that an opportunity on Tedder Avenue like this comes once in a generation.

“Tedder Avenue has historically been regarded as one of the most tightly held, affluent retail catchments on the Gold Coast," Johnson said.

"Main Beach is booming, currently benefitting from a high-density collection of luxury residential developments. The property has substantial rental, repositioning, and obvious future development upside.”

<img alt="Main Beach" data-entity-type="file" data-entity-uuid="e56317fe-9d3a-4b55-9bc6-2a9f90bf0a53" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-29%20at%203.07.31%20pm.png?VersionId=JnzeXvDDacADOBnZfQQTTRjgU0W4wocR" />

The multi tenanted asset is 100 per cent leased and generates over $535,000 per year from 10 tenants.

The iconic Shuck restaurant, which is on the southern corner of the 1012sqm plaza site, has occupied the premises for 23 years.

Other restaurant tenants include, Senza Noma, Main Beach Fish Grotto and Thyme. The first-floor office tenants incudes the Drew Group, which is currently developing twin-tower Main Beach project Lagoon over on Cronin Avenue.

The auction will take place March 13.

The property has already generated strong interest from investors and developers

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