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.

Walker doubles down on Maroochydore with 29-storey Celeste apartment tower

Prominent New Zealand apartment and hotel operator, <a href="/developers/safari-group">Safari Group</a>, is offering up a prime investment opportunity for Australians to purchase off the plan in one of the world’s most popular ski destinations.

They recently took to market Mountain Oak Queenstown Apartments, in the growing precinct of Remarkables Park in Frankton, near the airport and at the foot of The Remarkables - the mountain range the locals like to call “The Remarks”.&nbsp;

Sydney investors have shown interest in the one, two and three-bedroom apartments that secure high-season occupancy six months over the year, primarily over summer and winter months.

They average 90 per cent occupancy across their portfolio over January, February, March, August, November and December, while shoulder season months of April, July, September and October are still occupied 70 per cent of the time, with the growing appeal of Queenstown becoming not just a hotspot for the snow, but a lifestyle destination.

Even in the low seasons of May and June, occupancy levels reach around 40 per cent.

<img alt="Safari Group’s Mountain Oak Apartments brings new investment potential to Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Ext_Cam15_Sunny.jpg?VersionId=SJAROUM_1s.Tr5ciMk4EEj5oAt_Vewmv" />

Safari’s Safari Hotels arm can also manage the holiday letting for an investor, from the listing on holiday accommodation websites such as Airbnb and Booking.com to the cleaning and maintenance of the investment. They’ve been in the short stay management business for 15 years and offer 24/7 support for investors, an important convenience benefit for any overseas investor

Another major drawcard for Australians is that New Zealand doesn’t have a stamp duty policy - so the entry price of NZ$639,000 (AU$586,000), is all that is payable on completion.

<img alt="Safari Group’s Mountain Oak Apartments brings new investment potential to Queenstown" 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/inline-images/313_Livingv2_WEB.jpg?VersionId=nV229fM0ZeYpoxOrX372HyGjfwY_LR8c" />

Safari is starting construction of the 141 apartments in Q2 this year, with a two-year build estimated to complete in mid-to-late 2027.<img alt="" data-entity-type="" data-entity-uuid="" height="15" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXczFpFAb7WuA6f4f9TtKWcqXyNwR8qqtakWv352ERkpqNlP3KwIo8YKxw67jZNHfpjEGIZGv5MQTbnvLZwNt8iu9IVdOrswOjCvBZ4zhSoOOLrpt6etVEZTN1gkBho0r_R72zdHNA?key=yq3daOanqHSb88QFd8jGYKdb" title="Click and drag to move" width="15" />​

The apartments will feature modern amenities and contemporary designs with expansive windows capturing sweeping views of The Remarkables mountain range.&nbsp;

Interiors are equipped with modern finishes, premium appliances, and secure electronic key-locked doors, ensuring a comfortable living experience for residents and guests alike.

With its strategic location near Coronet Peak and Cardrona Alpine Resort, as well as key retail and dining precincts such as Market Street, Five Mile Shopping Centre, and Remarkables Market, Mountain Oak offers a strong proposition for investors seeking high rental yields and capital appreciation in one of New Zealand’s most sought-after locations.&nbsp;

Queenstown’s sustained demand for visitor accommodation and rental properties is underpinned by a shortage of housing options, attracting both local and international buyers.

Safari Group offers low-touch investment proposition in Queenstown’s popular ski fields district

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Sydney's median house sale by private treaty during the four weeks to May 26 sat at $620,000, according to RP Data.
It was well aheaf of the second ranking Canberra at $509,500.
<img height="280" width="470" src="/images/stories/2013/05/rpdataprivatetreatymay29one.jpg" alt="rpdataprivatetreatymay29one">
<img height="209" width="470" src="/images/stories/2013/05/rpdataprivatetreatymay29two.jpg" alt="rpdataprivatetreatymay29two">
The statistics are calculated across houses and units sold over the most recent four-week period.
Records without a valid sale price have been excluded from the analysis and median prices are withheld for cities wherefewer than ten sales have been recorded.
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po-LsXgBTHBmX

Sydney's $620,000 private treaty house median: RP Data

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East Brunswick pizzeria 400 Gradi has leased space in Drapac group's refurbished former Carlton &amp; United brewery laboratory site at 200Victoria Street in Carlton for a second eatery.
The office component of the building is leased by Victoria's Environment Protection Authority and in keeping with the role of its government tenant, is one of the most environmentally sustainable in Victoria with a coveted 6 star Green Star status awarded by the Green Building Council of Australia.
It also has a 5 star NABERS energy and 4.5 star water rating.
Drapac Group, founded by property developer Michael Drapac, acquired the building for $5.25 million in 2006 and refurbished and added two levels to it in 2009, with designs from architects Peddle Thorp.
The new pizzeria '90 Secondi' will operate from a 186 square metre ground floor shop.
The rent has not been disclosed but market rent is around $500 to $700 per square metre per annum.
The owner of 400 Grandi and 90 Secondi is Giovanni ''Johnny'' Di Francesco is one of only two Melbourne pizzaiolo’s to be internationally accredited to make authentic Neapolitan pizza.
“90 Secondi will be more a cafe pizzeria rather than a restaurant pizzeria - more modern and a little more casual,” Di Francesco said.
The lease was negotiated by CBRE retail services team of Zelman Ainsworth and Max Cookes.
"It was critical we found a café that complemented a building of this quality with a 6-star green star design and provided additional amenity to our current tenants – 90 Secondi fit this requirement perfectly,” Drapac’s Costa Alexiou said. 
The new pizzeria 90 Secondi has also committed to a lease at CBUS’s newest project at 700 Bourke Street, Docklands.
Recent leasing deals in trendy Carlton include  famed Italian cafe Brunetti relocated from its 27-year home at 194-204 Faraday Street, Carlton to its birthplace at 380 Lygon Street.  
“We have noticed a huge increase in the level of enquiry across all our retail leasing campaigns in both the CBD and suburban locations,” said Ainsworth.
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lschlesinger-FZcF9M3vE6

Authentic Neapolitan pizza comes to Drapac's six-star green building on Carlton's Victoria Street

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Donna Hay, the food queen, has sold her Woollahra homewares retail premises after deciding to concentrate on her online retailing initiatives rather than continue with the Holdsworth Street outlet.
The shop was a highly exposed corner setting close to  the <a target="_blank" href="/news">Woollahra</a> Queen Street village.
The <a target="_blank" href="https://www.realcommercial.com.au/property-retail-nsw-woollahra-500742139">three-level sandstone terrace </a>had "no expense" spared in its renovation and customised high end shop fit-out  for a concept store, market-leading emporium or luxury boutique.
The Holdsworth Street, Woollahra, shop cost $1,615,000 in 2008 and Property Observer gathers it fetched around $1.5 million.
"High ones," was the initial tip on price expectations, but it didn't happen even with a change in agency to Clay Brodie and Randall Kemp at Ray White Woollahra.
It was early 2009 when Hay opened her concept store – full of Donna’s products plus homewares and gift ideas chosen from around the world.
It will all be undertaken online in future.
 
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jchancellor-FAypfDUnLy

Food queen Donna Hay sells Holdsworth Street, Woollahra shop

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Some people find it hard to part with their cars or houses.
For 82-year-old Frank Lowy it’s selling multi-million dollar shopping centres.
Speaking at today’s Westfield AGM, a somewhat reflective Frank Lowy spoke of the sales of shopping centres in the group’s global portfolio which did not meet its new returns criteria.
“Sometimes it isn’t an easy decision to sell these centres because typically the sale of an asset results in earnings dilution during the period of time that it takes to redeploy the proceeds of sale,” said Lowy.
Recent shopping centre sales include half shares in Westfield Downtown, Westfield Pakuranga and Westfield Shore City in Auckland.
Addressing shareholders, Lowy highlighted again that retail sales growth remained “subdued” in Australia and that the trend is continuing in 2013 given low levels of consumer confidence “which have existed for some time”.
Despite these conditions, he said the Australian business was performing well with productivity “remaining high”.
Lowy said the group would continue to develop to offer “very different kinds of shopping centres then we have traditionally developed”.
This includes changing the design to reflect a mix of local and international retailers with a focus on luxury brands, fine foods and casual dining.
It will also look to develop its digital business strategy to better connect retailers and consumers.
At the AGM institutional investors voted emphatically in favour of the remuneration report after earlier concerns were expressed by two US proxy investor groups over the combined $18 million pay packages for <a href="/news">Westfield co-chief executives Steven and Peter Lowy</a>.
The Australian Shareholders’ Association had also urged shareholders to vote against the total remuneration packages.
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Selling shopping centres isn’t easy: Westfield’s Frank Lowy

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The Annandale Hotel is set to remain an entertainment venue.
Leichhardt Council has advised confirmation from the selling agent that its being sold to an undisclosed publican, not a residential developer. The hotel is on a 638 square metre Parramatta Road holding.
The Mayor of Leichhardt Councillor Darcy Byrne said that the news that the Annandale has been saved from redevelopment vindicated Council’s ongoing campaign to transform Parramatta Road into Sydney’s first live music precinct.
The live music precinct plan involves Leichhardt, Marrickville and Sydney City councils presenting a proposal to the state government asking Parramatta Road to be rezoned to allow live music.
The Minister Brad Hazzard has indicated his in-principle support.
“Saving the Annandale, Sydney’s most iconic live music venue, is a mighty victory for music lovers across Sydney,” Darcy Byrne said.
“I am proud that we have fought to keep the doors of the Annandale hotel open and we have prevailed.
“This victory must be the turning point for Sydney’s struggling live music scene.
“We will now accelerate our campaign to transform Parramatta Road into Sydney’s first live music zone
“The thousands of young people who have joined this campaign have put live music on the political agenda.
“I am calling on music lovers across Sydney to join our fight to save live music in this city before it is too late," he said.
Expressions of interest for the hotel sale closed in early May through Knight Frank.
The 1930s hotel last traded in 1998 at $2.1 million when bought by Matt and Dan Rule.
It became a live music venue in the 1980s launching the careers of acts including Jet and the Living End.
It has been periodically threatened with closure by Leichhardt Council over noise compliance.
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Annandale Hotel to be live music venue, not redeveloped for residential apartments

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The latest ABS construction data indicates the peak in resources investment in Western Australia appears to have passed, says ANZ economist Justin Fabo.
But he says mining-related activity is still rising in Queensland "consistent with our expectation based on ANZ’s major projects pipeline".
Morgan Stanley is forecasting a <a target="_blank" href="https://www.propertyobserver.com.au/office/perth-and-brisbane-office-vacancy-rates-forecast-to-double-over-next-three-years-as-mining-boom-demand-fades-morganstanley/2013052961758?utm_source=po&amp;utm_medium=aida&amp;utm_campaign=newsplus">doubling in the vacancy rate in Perth and Brisbane </a> over the next three years on the back of an expected 40% drop in leasing demand from tenants related to the resources investment cycle.
Fabo’s comments follow the release of ABS March quarter construction work done data, with estimates of a 2% slump over the March quarter with the value of engineering work done down 2.5%.
<img height="319" width="470" src="/images/stories/april23tivoli/state_by_state_construction_data.jpg" alt="state_by_state_construction_data">
“The peak in mining investment in Western Australia appears to have passed, with engineering construction in that state noticeably lower over the past two quarters, albeit still at a high level.
“In contrast, mining investment appears to still be rising in Queensland which is consistent with our expectation based on ANZ’s major projects pipeline,” he said.
Fabo says aggregate private engineering construction had risen very strongly largely due to the mining investment boom but appears to have peaked last year.
“At the same time, the recoveries in private residential and non-residential building remain very gradual to date, with falls recorded in the first quarter,” he says.
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Mining investment has peaked in WA, but still rising in Queensland: ANZ

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A series of eight shops in Cabramatta, in Sydney’s outer west, have been listed for sale for the first time in 50 years.
The 553 square metre freehold block in the predominantly Asian suburb, is expected to sell for more than $3.75 million plus the GST.
The property consists of shop 206, 207 and 208 Railway Parade and Shops 7 to 17 John Street.
The tenancies are a Happy Cup franchise, a convenience store, a Vodafone outlet, a boot maker, Western Crusty Bread, Pho Viet Restaurant and hair salon.
There is also a vacant one-bedroom flat above the shops.
All the shops are occupied but the tenants are on expired leases.
According to the 2011 census the suburb 32.6% of residents there were born in Vietnam, 9.4% in Cambodia and 5.2% in China, though 27.7% had Chinese heritage. Some 92.9% of respondents had both parents born overseas.
In 2006 31.2% of census respondents were born in Vietnam, 9% in Cambodia and 5.5% in China, though 15.1% spoke only Cantonese at home and 4.9% spoke Mandarin.
It is being sold by Bookallil Investments (Cabramatta) Pty Ltd.
The current gross annual rental (excluding the vacant flat) is around $300,000 plus GST.
It goes to auction on Tuesday June 25. It is being sold by Raine &amp; Horne agent Michael Laing.
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Tightly held Vietnamese restaurant block up for grabs in Cabramatta for $3.75 million plus

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Black clouds are gathering over the Perth and Brisbane CBD office markets with Morgan Stanley warning of a doubling of vacancy rates over the next three years as demand for office space from tenants tied to the mining investment boom wanes.
Based on the assumption of a 40% decline in engineering and construction investment tied to resources and gas projects, Morgan Stanley research analysts Lou Pirenc, Todd McFarlane and John Meredith forecast the Perth vacancy rate to increase from a current 6.5% to 17.5% by 2016.
Under the same conditions the Brisbane CBD office vacancy rate is set to rise from 12.9% to 22.7% by 2016.
There could also be significant rises in vacancy rates in the Sydney and Melbourne CBDs, which also have a large proportions of their white collar work force tied to the mining investment boom.
But not to the same extent as in Perth and Brisbane.
Morgan Stanley forecasts the Sydney CBD office vacancy rate to rise from 9.5% to 15.1% and Melbourne’s CBD office vacancy from 8.6% to 14.4%.
<img alt="morgan_stanley_forecasts1" height="296" width="470" src="/images/stories/april23tivoli/morgan_stanley_forecasts1.jpg">
These forecasts factor in the impact of other industries growing to offset some of the slowdown in the resources investment sector.
According to Morgan Stanley, the peak in mining-related investment may have been in 2012.
The gloomy forecasts are based on assumptions around the impact of the mining boom in Perth and Brisbane, which have been a “robust source of white collar employment growth over the past decade”.
“We believe the associated unwind in investment in the coming years will adversely affect CBD office demand particularly in the resource-exposed CBDs of Perth and Brisbane,” say the Morgan Stanley analysts.
They estimate that more than a quarter (27%) of Perth CBD workers and a fifth (18%) of Brisbane CBD workers are directly or indirectly employed from the resource investment cycle.
“Ceteris paribus (all things being equal), if we assume a 40% decline in engineering and construction related investment tied to resources and oil &amp; gas in the next three years (a realistic scenario according to our developers &amp; contractors research team), it suggests Perth’s office vacancy moves from 6.5% to 17.5% and Brisbane’s office vacancy nearly doubles to nearly 23%.
“On the basis of our analysis, we have downgraded our office rent forecasts by 5% to 13% in resource-exposed CBD’s and fine-tuned other markets,” they say.
The expectations factor in the proportion of people in mining sectors that directly rely on mining investment.
For example of the 74,019 people employed nationally in ‘Exploration and Mining Support Services’, 97% directly rely on mining investment.
The figure is 36% for the 28,223 people working in iron ore mining.
In the construction services sector, 13% of the 664,198 people employed (86,000) directly rely on mining investment as do 9.5% of the 688,117 who work in Professional, Scientific and Technical Services, around 65,000 people.
“From the impacted industries, we have analysed the current employment levels in each state that relate to each of these sectors.
“Whilst in an absolute sense, NSW and Victoria have a higher number of employees in these industries, they represent a much smaller proportion of the total workforce (15% and 17% respectively) compared to Queensland and WA (18% and 27% respectively).
“We then estimate what percentage of each of these industries’ employment base is within the CBD.”
“By applying the reduced resources investment scenarios and applying this to each impacted industry, and reducing its CBD employment base, we then make a basic assumption of how this will flow through to reduced floor space demand in each  CBD office market, and what that means for vacancy compared to current vacancy levels.”
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Perth and Brisbane office vacancy rates forecast to double over next three years as mining boom demand fades: Morgan Stanley

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Momentum is building in the residential construction sector with new home sales rising to their highest level since December 2011.
New home sales rose 3.9% over April to be well above 6,000 sales, according to the Housing Industry Association's latest survey of Australia's largest volume builders.
It follows a similar strong rise in March of 4.2%.
Detached house sales increased by 9.1% in Victoria, 9% in Western Australia, 8.1% in New South Wales, and 2.7% in South Australia. Detached house sales fell by 1.8% in Queensland.
The last time sales were this high was in December 2011 as the graph below shows:
<img alt="hia_sales_april" height="258" width="470" src="/images/stories/april23tivoli/hia_sales_april.jpg">
The rise in April was driven by a 6.7% lift in detached house sales, which was experienced across all states covered by the survey, bar Queensland.
In contrast, multi-unit sales fell by 9.4%.
“Overall, recent developments in new home sales are encouraging. In particular, the important detached house segment of the market continues to climb out recent record lows, and this improvement has largely been broad-based across the states,” says HIA senior economist, Shane Garrett.
“While multi-unit sales have softened over recent months, the gains made over the course of 2012 have not been eroded. A broader look at the situation shows that the volume of sales in the three months to April this year is still 51.7% higher than trough experienced a year earlier.
“We do, however, need to be considering the longer term prospects of a recovery in residential construction beyond 2013.
“The economy is amidst a transition away from growth driven by mining and related investment and the consensus aspiration is for residential dwelling investment to fill the ensuing hold. While we share this aspiration, we don’t have strong evidence that this will actually be achieved.
“There are still major obstacles to recent improvements in residential construction developing into a sustained recovery. Households remain cautious and are still using lower interest rates to hasten debt repayment rather than engage in spending. On the other side of the housing ledger, home builders and residential developers are facing tight credit conditions, hampering the number of projects that proceed to sale and building commencement.
“For a recovery to be of the duration and magnitude required not only by the economy, but by Australia’s housing needs, governments of all levels, led by the federal government, need to take decisive policy action to address these obstacles,” he says.
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Victoria, WA and NSW lead April new home sales rise to highest level since December: HIA

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Sentiment about the housing market is improving but still favours buyers over sellers.
Four out of five (80%) of the 1,030 people surveyed by RP Data and Nine Rewards about the outlook for the property market over the next six to twelve months, said now is a good time to buy.
This is up from 76% who said it was a good time to buy, when last surveyed six months ago.
Is now a good time to buy a property?
<img alt="rp_data_survey" src="/images/stories/april23tivoli/rp_data_survey.jpg" width="470" height="234">
Source: RP Data/Nine Rewards
Less than two-thirds (63%) of respondents said now was a good time to sell a property, down from 71% who said so six months ago.
“There has been a positive improvement in housing market conditions over the past six months, however the majority of those surveyed are still showing a low level of confidence about selling conditions,” says RP Data national research director Tim Lawless.
“As consumer confidence in housing market conditions rises, we are likely to see a larger number of dwelling sales as the year progresses.
“We have already seen buyer numbers rise from their early 2012 lows, and transactions over the past six months are about 4.3% higher than the same time a year ago,” he says.
The survey found an overall improvement in housing market sentiment with 41% of respondents expecting home values to rise over the next six months compared with just 33% of respondents back in October last year.
However, the majority of respondents (52%) expect the housing market to remain steady over the next half year, which may explain the caution about selling.
Only 7% are expecting dwelling values to fall.
Of those respondents who are expecting home values to rise over the next six months, their expectations of growth generally remain subdued. 86% of these individuals are expecting home values will rise by less than 5% over the next six months.
According to those respondents who think values will fall over the next six months, the largest proportion (38%) are expecting the fall to be less than 2.5% and 75% of respondents think values will fall by less than 5% over the coming half year.
“The May survey results revealed that there was a substantial upward shift in consumer expectations for housing market conditions over the past six months, however, this hasn’t changed a great deal since earlier this year when the February survey results were released.
“Based on the survey results, we’ve seen distinctive differences from region-to-region where as an example, 59% of respondents in Perth expected values to rise over the next six months, and 56% cent of respondents located in Sydney expect values to rise over the next half year.
“In contrast, survey participants in Tasmania delivered a much more sedate reaction with no local respondents expecting values to rise over the next six months,” he says.
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