New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

[smartcode_project:default project_id=5743 project_image_fid=372394]

Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

[smartcode_project:default project_id=5743 project_image_fid=953]

Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

[smartcode_project:default project_id=5743 project_image_fid=925]

Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

[smartcode_project:default project_id=5743 project_image_fid=5374]

The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

[smartcode_project_cta:default project_id=5743]

Joel Robinson

The apartment price gap drawing Sydney buyers west

A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

The long-planned transformation of Brisbane's historic Shafston Estate has taken another major step, with Capella Hotel Group announced as the luxury hospitality partner behind what will become Brisbane's first branded residences.

The project, to be known as Capella Residences Brisbane, is being delivered by Verso Projects at the landmark Kangaroo Point riverfront estate, with completion targeted for 2029.

The announcement follows a series of planning changes to the project over recent years. The site was originally approved in 2023 for a 15-level, 37-apartment development designed by Rothelowman for Burgundy Group before Verso Projects took over the 10,070 sqm riverfront holding and lodged revised plans with Kerry Hill Architects to increase the development to a 25-level tower with 51 apartments.

The latest announcement confirms Capella Hotel Group will bring its branded residential offering to the project, marking just the second Capella Residences development globally after Seoul, and the group's first branded residential project in Australia.

The <a href="https://www.apartments.com.au/new-apartments/23-castlebar-street-kangaroo-point-qld-4169">Castlebar Street development</a> will centre around the restoration of the heritage-listed Shafston House, one of Brisbane's oldest residences, originally constructed in 1851 by Reverend Robert Creyke as a single-storey cottage known as Ravenscott.

<img alt="Capella" data-entity-type="file" data-entity-uuid="2b9f4ce5-638f-4d6b-8082-3ca7e4b75fca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-09%20at%207.20.41%E2%80%AFAM.png?VersionId=f7aeqsW_DzOJI4FymWb3lD8NptSfsP7q" />

Capella said the project aligns with its focus on heritage-led developments, with the Brisbane estate combining the restored historic residence with a new luxury apartment tower and hospitality-inspired resident amenities.

Residents will have access to the Capella Living Room, a concierge-led communal space inspired by the group's luxury hotels, alongside landscaped gardens, six swimming pools, wellness and recreation facilities.

The broader estate will also include two riverfront homes, a six-berth private marina, porte cochère arrival experience, secure basement parking and a new section of public riverwalk along the Brisbane River frontage.

The heritage Postal Depot Building will also be retained and repurposed as a guest house, in line with the revised development plans.

The project represents another evolution for the site, which Kerry Hill Architects previously described as a rare opportunity to restore one of Brisbane's most significant heritage estates while creating a new benchmark for apartment living.

"The Shafston Estate provides a once-in-a-generation opportunity to restore one of Brisbane's finest heritage precincts and to reinstate residential use as a unique site perched on the edge of Kangaroo Point," Kerry Hill Architects said in its Urban Context Report accompanying the planning submission.

"The project will celebrate excellence in sub-tropical residential design, setting a new benchmark for vertical living in Brisbane."

Verso Projects, which now has an $8.5 billion development pipeline spanning more than 6,000 dwellings across apartments, townhouses, retail and commercial projects, said the partnership with Capella would elevate the development beyond a traditional residential project.

"We feel honoured to be restoring Shafston Estate to its former glory, elevating it to new heights of luxury and excellence underpinned by Capella's distinctive service ethos and design philosophy, and making it a standout landmark in Brisbane," Verso Projects CEO Steve Laffey said.

"By partnering with Capella, globally recognised for its refined approach to luxury hospitality and deep respect for cultural and historical context, we will elevate this project beyond a residential offering into a world-class destination."

Capella Hotel Group President Roland Fasel said Brisbane's emergence as a global city made it the right location for the company's Australian residential debut.

"Brisbane is a city on the cusp of something remarkable, and Capella Residences is our commitment to being part of that story," Fasel said.

"The Capella residential experience is more than luxury. It is about a sense of belonging to a place with deep meaning."

Private appointments have now opened for the project, with a display suite expected to open in late 2026 ahead of the planned 2029 completion.

Capella to launch Brisbane's first branded residences at Shafston House, Kangaroo Point

Lewis Land's latest apartment release within its <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplan is targeting one of the Gold Coast's fastest-growing buyer groups, with almost a third of apartments at Solis priced below $1 million.

The seven-storey building at Biggera Waters will comprise 91 apartments, including 24 one-bedroom residences starting from $778,000, a price point Lewis Land says is aimed squarely at first home buyers struggling to enter the Gold Coast market.

<img alt="Harbour Shires" data-entity-type="file" data-entity-uuid="e7486e37-22f6-4c92-b212-9b0622070b8f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.34%E2%80%AFAM.png?VersionId=W8MJwJUCf6HkIyl_EVSksnd.QI6MZryY" />

<a href="https://www.apartments.com.au/developers/lewis-land-group">Lewis Land</a> Head of Development Michael Long said the developer deliberately allocated a significant proportion of the project to more affordable apartment types.

"First home buyers have been priced out of many parts of the Gold Coast, and we saw a clear opportunity to address this and play our part in a longer-term housing solution," Long said.

"That's why 24 of the 91 apartments being delivered at Solis have been designed and priced for the city's next generation of homeowners, quality one-bedroom apartments, half of which include an additional multipurpose room to maximise space and flexibility.

"This approach places 30 per cent of apartments in Solis under $1 million, and with close proximity to Harbour Town's future light rail extension connecting residents to the city's major employment and knowledge hubs, it's a win for buyers looking to secure their first property."

<img alt="Sores" data-entity-type="file" data-entity-uuid="550526d3-73ba-4710-9739-c5f4294a30ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.29%E2%80%AFAM.png?VersionId=cQQdXHt9wS0UXwZEm5Py5bH_3kAmzyhu" />

Designed by BDA Architecture, Solis will deliver a mix of one, two and three-bedroom apartments, with residences ranging up to 232 sqm. Apartments feature generous balconies and contemporary finishes, while residents will have access to Harbour Shores' lagoon pool, clubhouse, tennis court, gym, yoga studio and sauna.

The focus on first home buyers resonated with purchaser Holly Humphreys, who said she and her boyfriend spent more than a year searching for their first property before shifting their attention from houses to apartments.

"We fell in love with the first house we bid on and got our hopes up, but after repeated knockbacks we learned not to get too attached," Humphreys said.

"We offered at the high end of price guides, but sales kept going even higher. That's where we really struggled and we needed to re-evaluate our budget and our expectations. Standalone houses were off the table, and we pivoted to apartments and townhouses."

Humphreys said it was encouraging to see developers recognising the growing demand from first home buyers.

"There's a growing number of young buyers looking to enter the market earlier because they understand that getting in now can make a real difference as prices continue to rise," she said.

"It's fantastic to see a developer recognise this and then actively take measures to deliver an apartment with us in mind."

Solis is the first development planned within the second stage of the Harbour Shores masterplan, with early works expected to commence in September 2026.

[smartcode_project_cta:default project_id=113271]

Lewis Land targets first home buyers at latest Harbour Shores release, Solis

Luxury apartment developer Abadeen has recorded $19.25 million in apartment sales across two of its Lower North Shore developments in the lead-up to the end of the financial year, headlined by the sale of a $6.75 million penthouse at <a href="https://www.apartments.com.au/buildings/koyo-crows-nest-5-rodborough-avenue-crows-nest-nsw-2065">KOYO in Crows Nest.</a>

The transactions also included the sale of a newly completed three-bedroom apartment at <a href="https://www.apartments.com.au/buildings/park-residences-cremorne-2-sutherland-street-cremorne-nsw-2090">Park Residences in Cremorne</a> for $6.35 million, with the residence selling shortly after the project's first public inspections following completion.

The sales come as completed, owner-occupier-focused apartments continue to attract strong demand across Sydney's Lower North Shore, particularly from buyers looking for certainty and immediate occupancy.

The penthouse at KOYO spans 491 sqm across a single level and was designed by architect Koichi Takada. The development is one of Abadeen's flagship boutique projects in Crows Nest.

[smartcode_project:default project_id=108800 project_image_fid=370093]

Abadeen Executive Chairman and Founder Justin Brown said buyer activity lifted noticeably in the lead-up to the end of the financial year.

"We saw a clear increase in enquiry levels, inspection numbers and buyer engagement across our completed projects leading into the end of the financial year," Brown said.

"Buyers have become far more decisive over the past six months. The combination of improving confidence, limited supply and the ability to physically inspect completed residences is creating strong competition for premium apartments in the best locations."

Brown says the&nbsp;response to Park Residences following completion has been particularly strong.

"Buyers want certainty and are responding positively to the opportunity to walk through a finished product, inspect the quality firsthand and move in immediately," Brown suggested.

"Projects such as Park Residences and KOYO demonstrate that when the product is exceptional and the location is irreplaceable, buyers are prepared to act quickly."

[smartcode_project:default project_id=114246 project_image_fid=370116]

Abadeen CEO Joe Tack said quality continued to differentiate projects in the current market.

"Today's buyers are incredibly discerning," Tack said.

"They are seeking larger floorplans, premium finishes, walkability, lifestyle amenity and confidence in the developer delivering the project. Well-designed boutique developments continue to outperform because they offer something genuinely difficult to replace.

"The enquiry we are seeing across our completed and recently completed Lower North Shore portfolio is very encouraging, and we expect this momentum to continue into spring."

The sales follow increased enquiry across Abadeen's Lower North Shore portfolio which also includes <a href="https://www.apartments.com.au/buildings/northcote-collective-naremburn-2-northcote-street-naremburn-nsw-2065">Northcote Collective in Naremburn</a> which also completed recently.

KOYO penthouse headlines Abadeen's $19.25 million EOFY sales flurry

435 Bourke Street

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The highly anticipated new addition to the Melbourne skyline, <a href="/developments/melbourne-vic-3000">435 Bourke Street</a>, has undergone a significant design iteration process to ensure it meets council compliance and regulation. A <a href="https://www.melbourne.vic.gov.au/about-council/committees-meetings/meeting-archive/MeetingAgendaItemAttachments/875/15600/OCT19%20FMC2%20AGENDA%20ITEM%206.4.pdf">Future Melbourne Committee meeting</a> to be held on the 15th of October will reach a final decision regarding the building’s height, which Bates Smart has reduced from 58 to 49 floors (including basement levels) since the first planning application was <a href="/news/cbus-property-submits-planning-application-for-its-landmark-435-bourke-street-site">submitted in 2018</a>.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-10-11_at_4.22.26_pm.png" rel="gallery-all" title="Before and after designs, L-R 2018, 2019. Credit: Bates Smart"><img alt="" class="image-article-full-width-580px" height="421" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-10-11_at_4.22.26_pm.png?itok=Xj-7nbvt" title="Before and after designs, L-R 2018, 2019. Credit: Bates Smart" width="580"></a>

<figcaption>Before and after designs, L-R 2018, 2019. Credit: Bates Smart</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-10-11_at_1.34.43_pm.png" rel="gallery-all" title="Before and after designs. Credit: Bates Smart"><img alt="" class="image-article-full-width-580px" height="485" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-10-11_at_1.34.43_pm.png?itok=LIyttgBA" title="Before and after designs. Credit: Bates Smart" width="580"></a>

<figcaption>Before and after designs. Credit: Bates Smart</figcaption></figure>Despite <a href="https://www.skyscrapercity.com/showthread.php?t=2142768&amp;page=19">upsetting many skyscraper enthusiasts</a>, one of the main reasons for height reduction from 250m to 181.875m was due to the overshadowing of the streetscape and Yarra River throughout certain periods of the day.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-10-11_at_1.36.36_pm.png" rel="gallery-all" title="435 Bourke Street's original height would cast a shadow over the Yarra River, whereas the new design will not. Credit: Bates Smart"><img alt="" class="image-article-full-width-580px" height="458" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-10-11_at_1.36.36_pm.png?itok=Az3dkmCy" title="435 Bourke Street's original height would cast a shadow over the Yarra River, whereas the new design will not. Credit: Bates Smart" width="580"></a>

<figcaption>435 Bourke Street's original height would cast a shadow over the Yarra River, whereas the new design will not. Credit: Bates Smart</figcaption></figure>While older buildings may exceed modern shadow limitations (as seen on the map above), modern skyscrapers such as 435 Bourke Street (depicted in the green shadows above) must follow stricter compliance guidelines. 

In addition to the height change, one bank of lifts will also be removed, however, the ground floor layout will remain unchanged. With regard to heritage overlays, the site has been assessed, and the conclusion was drawn that the existing heritage building was of poor structural condition, meaning a new street-level tower podium will be constructed in its place.

<blockquote>
“A number of structural engineers have assessed the condition of the building’s façade and have concluded that the façade is in poor structural condition and therefore retention of the building is not possible/viable.”
</blockquote>

Comment sourced from Future Melbourne Committee <a href="https://www.melbourne.vic.gov.au/about-council/committees-meetings/meeting-archive/MeetingAgendaItemAttachments/875/15600/OCT19%20FMC2%20AGENDA%20ITEM%206.4.pdf">meeting agenda</a>

<h2>New designs by Bates Smart</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-10-11_at_1.35.39_pm.png" rel="gallery-all" title="435 Bourke Street exterior render 2019. Credit: Bates Smart"><img alt="" class="image-article-full-width-580px" height="428" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-10-11_at_1.35.39_pm.png?itok=GGv1aG27" title="435 Bourke Street exterior render 2019. Credit: Bates Smart" width="580"></a>

<figcaption>435 Bourke Street exterior render 2019. Credit: Bates Smart</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-10-11_at_1.35.55_pm.png" rel="gallery-all" title="435 Bourke Street exterior render 2019. Credit: Bates Smart"><img alt="" class="image-article-full-width-580px" height="415" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-10-11_at_1.35.55_pm.png?itok=D3AUVyF5" title="435 Bourke Street exterior render 2019. Credit: Bates Smart" width="580"></a>

<figcaption>435 Bourke Street exterior render 2019. Credit: Bates Smart</figcaption></figure>According to a report by Urbis, Melbourne's CBD is likely to require an additional 4.4 million square metres of office space over the next 17 years. The majority of 435 Bourke Street will be dedicated to commercial tenancies, catering to high demand for additional workspaces within central Melbourne. The tower will also provide a range of modern amenities, including a lavish wellness hub, sprawling landscaped terraces and a selection of retail offerings.

Completion is currently slated for 2023 (subject to change). 

What are your thoughts on the revised design? Let us know in the comments section below.

Lead images: L-R: 2018 tower render, 2019 revised tower render. Credit: Bates Smart.
</body></html>

Olivia Round

Bates Smart release new designs for 435 Bourke Street in response to Melbourne City Council height amendment request

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<a href="/developers/cbus-property">Cbus Property</a> submitted a planning application on Thursday 20 December to the Department of Environment, Land, Water and Planning (DELWP) for its newest proposed iconic commercial precinct located at <a href="/developments/melbourne-vic-3000">435 Bourke Street, Melbourne</a>, which will amalgamate the existing 140 and <a href="/new-apartments/150-queen-street-melbourne">150 Queen Street</a>, 423 Bourke Street and 27 McKillop Street sites. Situated in the heart of <a href="/new-apartments/melbourne-vic">Melbourne’s CBD</a> on the corner of Queen and Bourke Streets, Cbus Property has proposed a 55 level highly sustainable commercial project that will serve as a vertical village for more than 5,500 city workers.

Designed by <a href="/architects/bates-smart">Bates Smart</a>, the new $1Billion commercial project will introduce approximately 64,500 square metres of premium grade office space and create a new icon for Melbourne’s skyline on the corner of Queen and Bourke Streets. 435 Bourke Street will be a significant and pioneering project for the city that responds to a future Melbourne workforce, with sustainability, wellness, connection to nature and productivity emphasised in the building’s design and performance which includes multi vertical villages, outdoor terraces and dedicated wellness hub.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/435_bourke_st_cbus_property_external_hero_render_1.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="483" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/435_bourke_st_cbus_property_external_hero_render_1.jpg?itok=Y0Mf_54g" width="580"></a></figure><blockquote>
“The Property Council of Australia has predicted that Melbourne’s CBD will need an additional 4.4 million square metres of office space in the next two decades to cater for the projected workforce. Our vision for 435 Bourke Street will help meet this demand by providing a premium and performance based commercial solution focused on connectivity, wellbeing and environmentally sustainable design that will reinvigorate this precinct within the CBD.

Significant future urban renewal projects in the surrounding area mean this site will form part of a new centre point in the Hoddle Grid and will create a new and exciting standard for commercial office projects in Melbourne. The significance of the project’s location and the needs of a future city were integral to the project’s design, as well as ensuring planning controls were met and the development potential of the site optimised.”

- Adrian Pozzo, CEO of Cbus Property
</blockquote>

The project, which provides a holistic approach to citymaking, will include a 4-level flexible wellness hub on McKillop Street that will service 435 Bourke Street occupants and will also be accessible to the city community. This diverse space will include a retail offering, double height multi-function space for active wellness, flexible studio spaces and consulting rooms for passive wellness as well as a rooftop garden retail offering.

The tower’s sculptural form is broken down into four differentiated bundles at varying heights with curved floorplate edges providing a contemporary, soft geometric design, which also improves the building’s performance. The tower design twists and morphs above McKillop Street to allow for sunlight into communal spaces, including McKillop Street, and while functional in design it also gives the form uniqueness.

Drawing inspiration from the neighbouring ACA building and nature, the podium façade celebrates vertical proportions with masonry elements and an organic rib-like structure stretching the entire height of the podium.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/435_bourke_st_cbus_property_queen_st_podium_facade_render_3.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="580" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/435_bourke_st_cbus_property_queen_st_podium_facade_render_3.jpg?itok=aZz5EGyL" width="580"></a></figure><blockquote>
“435 Bourke Street provides a holistic approach to citymaking through its architectural and urban strategy. The tower’s sculptural design, combined with its emphasis on wellbeing in the workplace, will create a new paradigm for commercial projects in Melbourne. Due to its prominent corner site location, we were focussed on ensuring the typology of the building contributes to the overall experience of the city. An elegant and engaging landmark, the tower will create a world-class and innovative commercial environment, promoting both creativity and interaction for one of the world’s most liveable cities.

The building’s design references the neighbouring streetscape and is crafted to be more organic in form, aspiring to enliven the precinct and create a more people-friendly environment that stimulates the senses and imagination."

- Cian Davis, Director of Bates Smart
</blockquote>

The proposed tower will feature six different landscaped terraces throughout, providing places for occupants to gather and socialise. The significant 200 square metre sky terrace on level 53 will provide a unique vantage point with an outlook over the Yarra River and CBD landmarks such as the MCG and Port Phillip Bay. The tower will also include premium end-of-trip facilities that are akin to a hospitality experience.

An ideally located commercial village, 435 Bourke Street is located within close proximity to iconic Melbourne landmarks such as Block Arcade, the Royal Arcade and Bourke Street Mall, as well as amenity such as Melbourne’s retail laneways and the ‘W’ Hotel at Collins Arch, all of which are within walking distance.

Subject to planning approval, Cbus Property is intending to launch 435 Bourke Street to market in early 2019 and construction is expected to commence in 2019.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/435_bourke_st_cbus_property_mckillop_st_wellness_hub_render_4.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="514" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/435_bourke_st_cbus_property_mckillop_st_wellness_hub_render_4.jpg?itok=g8DTVXpT" width="580"></a></figure>
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435 Bourke Street

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