<p>Plans have been revealed for the new city centre at Bradfield,&nbsp;offering the first detailed look at how one of the key development sites around the new Western Sydney Aerotropolis could take shape as the city centre evolves.</p>

<p>Project management and construction management firm&nbsp;Creative Vision&nbsp;filed the plans for development on behalf of Bradfield Corporation.</p>

<p>The 20,000 sqm site at 135 Badgerys Creek Road will home a new large-scale residential, commercial and civic precinct designed to anchor early growth in the Bradfield City Centre.</p>

<p><img alt="First look: Mixed-use development proposed for Bradfield’s future city centre" data-entity-type="file" data-entity-uuid="6716793f-94eb-4897-994f-c7d7c56b87a2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/bradfield%20da%201.png?VersionId=UvOngnIxqXO1Q3vtTn5UjB.JKRkZ.Gcd" /></p>

<p>The concept application seeks approval for a mixed-use residential and commercial development comprising multiple buildings arranged around new public spaces, pedestrian connections and internal streets. According to the submitted design documentation, the proposal is intended to establish a "high-density urban core that supports both employment and housing outcomes within the Western Sydney Aerotropolis."</p>

<p>The development includes a substantial residential component, around 400 apartments, alongside commercial uses such as offices, retail and services, with buildings ranging in height to form a defined skyline and a strong street presence along key movement corridors. Full-scale architectural renders included in the design report illustrate a cluster of mid- to high-rise forms with articulated facades, deep setbacks and landscaped podiums.</p>

<p><img alt="First look: Mixed-use development proposed for Bradfield’s future city centre" data-entity-type="file" data-entity-uuid="1e097164-71ac-406f-87a6-cf49538c31f0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/bradfield%20da%202.png?VersionId=lFTgCjE2Q9BRewayz4_ksufCPSPjCmM." /></p>

<p>In outlining the urban design intent, the Architectural Design Report by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> notes that the proposal “has been structured to create a connected, walkable precinct that prioritises public domain, legibility and long-term flexibility as Bradfield grows.” The report adds that the arrangement of buildings and open spaces is intended to “support a mix of residential and employment uses while allowing future stages to respond to evolving market and infrastructure conditions.”</p>

<p>Public open space forms a central part of the concept, with landscaped plazas, green links and pedestrian routes designed to integrate with the broader Bradfield City Centre masterplan. The design report states that the open space network is conceived as “a civic framework for the precinct, providing places for gathering, movement and everyday activity rather than residual space between buildings.”</p>

<p><img alt="First look: Mixed-use development proposed for Bradfield’s future city centre" data-entity-type="file" data-entity-uuid="de475ae8-9856-436c-9003-115c40110c71" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/bradfield%20da%203.png?VersionId=RjCNTGInRYsgN.8jKaKjvpZJ.V6ZcWTL" /></p>

<p>The application has been lodged as a State Significant Development, reflecting both the scale of the proposal and its strategic importance within the Aerotropolis. As a concept SSDA, the submission focuses on overall land use, building envelopes, heights and public domain outcomes, with detailed design to be resolved through future stages.</p>


Joel Robinson

Bradfield’s future city centre revealed ahead of Western Sydney International Airport's 2026 opening 

<p>Luxury developer Martello™ is bringing its Melb​ourne smarts to the Gold Coast, one of the hottest property markets in the country.</p>

<p><a href="https://www.apartments.com.au/developers/martello">Martello™</a>, proudly a female-led business, has delivered a string of premium residential projects predominantly across Mel​bourne’s blue-chip Bayside suburbs.</p>

<p>While now aiming higher into the sky to be more inline with demand in the Gold Coast, Martello™ will continue to uphold its wellness-first and human-centric development ethos. This extends beyond extensive amenities to encompass architecture, natural light and considered design that supports everyday wellbeing.</p>

<p><img alt="Martello" data-entity-type="file" data-entity-uuid="711d702d-456f-44ec-88b0-953116d46525" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/2_0.png?VersionId=_0HvOgU4oLg3Xairs.j.x9.tjyXoK6iG" /></p>

<p>On expanding operations to the Gold Coast, a spokeswoman said the move represents the next phase of Martello™’s evolution, with Queensland standing out for its “long-term strength, lifestyle appeal and the scale of investment shaping its future.”</p>

<p>“This expansion is a considered move into markets where quality, liveability and long-term value will continue to matter,” she said.</p>

<p>Billions of dollars are currently being invested in transport, urban renewal and community infrastructure across Queensland, strengthening connectivity between coastal precincts, lifestyle hubs and employment centres well ahead of 2032.</p>

<p>“We see Olympic-led infrastructure as a catalyst for lasting change,” she said. “It’s about building places that remain relevant and connected long after the Games.”</p>

<p>Martello™ will kick off its Gold Coast debut with an exclusive collection of 32 full-floor residences on Chevron Island. The prime site is positioned a stone’s throw from Chevron Island Village, and enjoys effortless access to the renowned dining, shopping and lifestyle offerings of Surfers Paradise.</p>

<p><img alt="Martello" data-entity-type="file" data-entity-uuid="717f9fed-5a5a-4145-8247-a01c126e1328" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3_1.png?VersionId=09kHYpLVzcr5thgyDhv7ylWpckDiapF_" /></p>

<p>The developer has added a sought-after project in one of Broadbeach’s most tightly held areas to its portfolio and is actively exploring further opportunities across the Gold Coast.</p>

<p>“Our projects will respond intuitively to coastline, hinterland, topography and local character, with environmental and community considerations embedded throughout the development process,” the spokeswoman said.</p>

<p>“Our approach is always to respond to place rather than impose on it.”</p>

<p>Martello™’s Chevron Island project will officially launch to the market in the coming weeks, marking a major milestone ahead of construction commencing in Q2 2026.</p>

<p>[smartcode_project_cta:default project_id=143932]</p>


Martello™ breaks into booming Gold Coast market with wellness-led living

<p data-end="364" data-start="111">The importance of 10-year Latent Defects Insurance was not lost on first home buyers Mason Davis and his partner Chloe, who recently secured an apartment at Infinity Park in Norwest, which came with the sought-after insurance policy offered by Resilience Insurance.</p>

<p data-end="618" data-start="366">The couple found it “hugely reassuring” compared to other new developments. It is the only project in the area offering a 10-year policy that protects purchasers from any structural or waterproofing defects for 10 years post-completion of the building.</p>

<p data-end="618" data-start="366">[smartcode_project:default project_id=94408 project_image_fid=360032]</p>

<p data-end="704" data-start="620">Developer Haitchin Group is approaching completion of the 290-apartment development.</p>

<p data-end="925" data-start="706">Robert Tasevski, General Manager at Haitchin Group, says they are seeing buyers place a high value on certainty, certainty of build quality, certainty of delivery timeframes and certainty around what they’re buying into.</p>

<p data-end="1128" data-start="927">“Being able to offer a 10-year Latent Defects Insurance policy, alongside a project that is nearing completion, provides a level of reassurance that’s increasingly important for first-time purchasers.”</p>

<p data-end="1128" data-start="927">[smartcode_project:default project_id=94408 project_image_fid=360040]</p>

<p data-end="1272" data-start="1130">Another key driver in Mason and Chloe’s purchase was the proximity to Norwest Metro, which they called a “game-changer” for living in Norwest.</p>

<p data-end="1688" data-start="1274">“The extended Sydney Metro Line is a game-changer for the area, providing greater and faster connectivity from Norwest to the CBD,” Davis said. “The reduced commute times to the CBD and other major business hubs have made Norwest highly attractive from an investment perspective. People can now get to Sydney’s CBD in just over 30 minutes, which for those who rent or live here is important for work-life balance.”</p>

<p data-end="1688" data-start="1274">[smartcode_project:default project_id=94408 project_image_fid=360002]</p>

<p data-end="1998" data-start="1690">PRD Norwest Director David Inkster noted that several buyer types, what he describes as ‘investor-occupiers’ like Mason and Chloe, those who invest now and plan to live in the apartment in later years, have been securing apartments based on forecasts of capital growth in properties surrounding Metro stations.</p>

<p data-end="2302" data-start="2000">“We’re seeing a growing cohort of buyers who are happy to invest now with the intention of living in the apartment later,” Inkster said. “The Metro has fundamentally changed how people view Norwest, reduced commute times and improved connectivity are driving stronger long-term confidence in the area.”</p>

<p data-end="2622" data-start="2304">Recent research supports this view, with data indicating that apartments located along the North West Metro Line have outperformed comparable suburbs over the past decade. Improved transport connectivity has been a key driver, alongside population growth and increasing demand for higher-density housing near stations.</p>

<p data-end="2622" data-start="2304">[smartcode_project:default project_id=94408 project_image_fid=360033]</p>

<p data-end="2709" data-start="2624">Construction of the 290-unit development by Haitchin Group is approaching completion, and will welcome buyers in mid-2026.</p>

<p data-end="2931" data-start="2711">When completed, <a href="https://www.apartments.com.au/new-apartments/infinity-park-residential-8-maitland-place-norwest-nsw-2153">Infinity Park</a> will comprise three residential buildings: the 25-storey Marque tower and two low-rise buildings, Alpha and Omega, delivering a mix of one-, two- and three-bedroom apartments and penthouses.</p>

<p data-end="2931" data-start="2711">[smartcode_project:default project_id=94408 project_image_fid=360043]</p>

<p data-end="3116" data-start="2933">The development also includes a seven-storey commercial building opposite the residential precinct, featuring strata commercial suites and a rooftop dining venue by chef Joshua Mason.</p>

<p data-end="3502" data-start="3118">The residential precinct has been designed by Turner, with a focus on larger apartment formats and shared amenities intended to support long-term occupancy. A resort-style lagoon pool, extensive landscaping, rooftop gardens and communal spaces form the centre of the development, positioning Infinity Park as a lifestyle-led residential offering within Norwest’s evolving town centre.</p>

<p>[smartcode_project_cta:default project_id=94408]</p>


Latent Defects Insurance and Sydney Metro drives buyers to Infinity Park, Norwest

<p>The first stage of Frasers Property Australia’s <a href="https://www.apartments.com.au/buildings/bradmill-yarraville-355-359-francis-street-yarraville-vic-3013">Bradmill Yarraville</a> has reached completion, marking an early milestone in the long-term regeneration of the former Bradmill denim factory site in Melbourne’s inner west.</p>

<p>Stage one delivers 44 all-electric townhomes designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, forming the initial residential component of the 26-hectare masterplanned neighbourhood, which is set to eventually accommodate around 1,500 homes.</p>

<p>The completed homes comprise three and four-bedroom configurations across two and three levels, responding primarily to family and owner-occupier demand in a suburb where new housing supply has historically been limited.&nbsp;</p>

<p>[smartcode_project:default project_id=134727 project_image_fid=356029]</p>

<p>Sustainability has been a defining feature of the first stage, with all residences delivered as fully electric and the broader project holding a 6 Star Green Star Communities rating from the Green Building Council of Australia.</p>

<p>Rather than being delivered in isolation, stage one has been designed to integrate with the wider Bradmill Yarraville vision, which places equal emphasis on housing, green space, and shared amenity.&nbsp;</p>

<p>A future landscaped linear park is planned to connect the completed townhomes with neighbouring McIvor Reserve, foreshadowing the open-space network that will ultimately extend across the precinct.</p>

<p>[smartcode_project:default project_id=134727 project_image_fid=311282]</p>

<p><a href="https://www.apartments.com.au/developers/frasers-property">Frasers Property Australia</a> has positioned Bradmill as a community-led regeneration project, drawing on the site’s industrial heritage while introducing new residential and social infrastructure.&nbsp;</p>

<p>Future stages will centre around Bradmill Quarter, a mixed-use precinct planned to include a full-line Woolworths Supermarket, childcare and medical services, specialty retail, and hospitality offerings arranged around a central public plaza known as The Arbory.</p>

<p>Adaptive reuse also plays a central role in the broader development, with the heritage-listed Proofing Building and Boiler House earmarked for transformation into resident-focused wellness, co-working, and social spaces under the Bradmill Social banner. These facilities are expected to be delivered progressively as later stages come online.</p>

<p>[smartcode_project:default project_id=134727 project_image_fid=311277]</p>

<p>Located around 7.5 kilometres from Melbourne’s CBD, Bradmill Yarraville sits within an established residential catchment known for its village-scale retail, access to public transport, and proximity to education and open space.&nbsp;</p>

<p>The completion of the first stage signals the transition from planning to lived reality, providing early residents with a foothold in what will become one of the inner west’s largest urban renewal projects over the coming decade.</p>

<p>[smartcode_project_cta:default project_id=134727]</p>


Bradmill Yarraville’s first stage townhomes complete as inner-west regeneration takes shape

<p>Bayside remains one of Melbourne’s most resilient residential markets, with its middle-ring suburbs, stretching from Brighton through to Beaumaris, continuing to see strong demand from long-time locals who do not want to leave the region.</p>

<p>While larger homes have long defined the streetscapes, the past few years have brought a clear shift towards smaller-scale, design-led developments tailored to the needs of the Bayside local. According to the latest ABS Census data, nearly 40 per cent of Bayside’s 110,000 residents are over 50. While there is no strictly defined age at which people downsize, 50 is often a point where those who had children in their 30s begin to see them leave the family home.</p>

<p><a href="https://www.apartments.com.au/project-marketer/noorden">Noorden</a> Real Estate director David Lamond says downsizers make up the majority of his enquiries, with buyers prioritising local amenity and low maintenance over sheer size.</p>

<p>“Those approaching 60 who have been in the property market for two to three decades do not need to wait any longer to downsize,” Lamond says. “They have been through several market cycles, and their homes have multiplied in value four or five times over that period. Good-quality new homes are coming to Bayside, allowing long-time locals to stay in the area while moving into something more manageable and at a small percentage? of the price of their now oversized and under-used family home.”</p>

<p>[smartcode_project:default project_id=140140 project_image_fid=219620]</p>

<p>All buyers at <a href="https://www.apartments.com.au/new-townhouses/marlu-hampton-29-service-street-hampton-vic-3188">Marlu Hampton</a>, a boutique development of just seven luxury townhomes by <a href="https://www.apartments.com.au/developers/thomas-constructions">Thomas Constructions</a> and designed by David Dubois, are local downsizers. The substantial homes, offering more than 260 square metres of internal space and a lift servicing all three levels, are attracting multi-generational families as well as households with older children preparing to leave home.</p>

<p>The project’s success is also closely tied to its walkable setting. From Service Street, it is an eight-minute stroll to Hampton’s dog-friendly beach, passing cafés such as Merry Men and Brown Cow, with the Sandringham Yacht Club just beyond. The area is also well served by parks, public and private schools, and the retail amenity of Hampton Street.</p>

<p>Four of the seven townhomes are already spoken for, ahead of their early 2027 completion.</p>

<p>[smartcode_project:default project_id=112854 project_image_fid=350992]</p>

<p>Elsewhere in Bayside, David Lamond is also seeing a different type of downsizer emerge. While many want something only slightly smaller than the family home, others are looking to significantly reduce their footprint.</p>

<p>“There is a cohort of downsizers who truly want to downsize,” David Lamond says. “They are seeking a lock-and-leave apartment where two or three bedrooms, space for entertaining, and a balcony are more than enough. They are redirecting the proceeds from their family home into superannuation, retirement planning or travel, rather than another large home.”</p>

<p>This trend is evident nearby at <a href="https://www.apartments.com.au/new-apartments/lumin-hampton-26-crisp-street-hampton-vic-3188">Luminè</a> on Crisp Street, a development of just 15 two and three-bedroom apartments. Located within walking distance of Hampton Beach and the everyday amenity of Hampton Street, it reflects the same underlying demand driving Marlu: highly liveable homes in familiar territory. Completion at Luminè is scheduled for early 2027, with prices starting from $1,175,000.</p>


Why wait? Two paths to downsizing in Hampton

555 Collins Street

<html><body>
<p>Charter Hall has announced it has submitted a planning application for a $1.5 billion office development at 555 Collins Street, Melbourne via its Prime Office Fund (CPOF). Charter Hall acquired the site in October 2018 from previous owner Fragrance Group, who failed to get its 46-storey apartment tower off the ground. </p>

<p>Located on the prominent corner of Collins and King Street, the 555 Collins Street development occupies a 4,620 sqm site with almost 50m of frontage along Collins Street and 100m of frontage to King Street including the<br>
adjoining CPOF owned 55 King Street.</p>

<p>Pending development approval and tenant pre-commitments, the combined site provides a unique opportunity for CPOF to stage a redevelopment across the two parcels of land, with a separate application for demolition of the existing Enterprise House on site already submitted.</p>

<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/555c_collins_st.jpg" rel="gallery-all" title="555 Collins Street. Image: Charter Hall"><img alt="" class="image-article-full-width-580px" height="750" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/555c_collins_st.jpg?itok=Lmp3-XxX" title="555 Collins Street. Image: Charter Hall" width="580"></a>

<figcaption>555 Collins Street. Image: Charter Hall</figcaption></figure><p>Charter Hall has engaged local architects Cox Architecture to partner with global design and architecture firm, Gensler on the project. The collaboration brings together the partners’ innate local knowledge with a unique global viewpoint of leading workspace design trends.<br><br>
According to Charter Hall, the new commercial tower and future precinct represents a rare opportunity to create a lasting legacy of premium grade office buildings in a pivotal location.</p>

<p>Stage 1 of the proposed redevelopment will deliver approximately 45,000 sqm of Premium Grade, technology-enabled office space spanning 35 levels.</p>

<p>The proposed design includes an activated ground plane with connections between Collins Street, King street and Flinders Lane, a premium retail hub with food and beverage outlets and a landmark health and wellbeing offering.</p>

<p>The building will be one of the city’s most sustainable office buildings, targeting 6 Star Green Star, 5 Star NABERS Energy and Platinum WELL certification.</p>

<p>Cox Architecture and Gensler's vision for the precinct responds to a simple question; <em>"what makes a great building?</em>" In responding to this, the development team have taken a people-first approach at 555 Collins Street  - ensuring it becomes a statement of values and beliefs, designed to unlock the full potential of its tenants.</p>

<p>Charter Hall has appointed JLL and Colliers as conjunctional leasing agents for the project, with completion targeted for mid-2022.</p>

<h2><strong>What they say...</strong></h2>

<blockquote>
<p><span style="font-size:16px;"><strong><em>“Our approach to workplace design is entrenched in extensive research into what tenants truly want and need, now and in the future. Through this people-centric approach, we are committed to creating workplace experiences which are designed to foster community, an instinctive way of working and ultimately result in a better workday for our tenant customers.</em></strong></span></p>

<p><span style="font-size:16px;"><strong><em>The vision for the site is to create a workplace experience like no other, where people will feel connected, inspired and engaged with their working day, and we are excited by this innovative methodology and how this development will shape the future of workplace.” </em></strong></span></p>

<p><em>- Simon Stockfeld, Charter Hall’s Regional Development Director</em></p>
</blockquote>

<p> </p>

<blockquote>
<p><span style="font-size:16px;"><em><strong>“CPOF is actively growing its existing $5.4 billion portfolio of high quality assets. A redeveloped 555 Collins will further enhance CPOF’s portfolio quality and total return metrics and deliver our Fund investors a coveted new Premium Grade office building in the tightly held western core of Melbourne’s CBD, a location favoured by major corporate, legal and government occupiers.” </strong></em></span></p>

<p><em>-  Matthew Brown, CPOF Fund Manager</em></p>
</blockquote>
</body></html>

Laurence Dragomir

Charter Hall unveils $1.5 billion redevelopment of 555 Collins Street

<html><body>
<p><a href="/news/555-collins-street-continues-the-commercial-theme-for-2018">Late last year</a>, we penned a piece highlighting the changing nature of development and application activity within the Melbourne CBD. This followed from the announcement that Charter Hall had secured 555 Collins Street from Fragrance Group for a lazy 140 million dollarydoos, adding it to its portfolio which also includes the adjoining site at 55 King Street, resulting in a development site of 4,627 sqm,</p>

<p>As indicated in the article, applying a Plot Ratio of 18:1 would allow for a developable Gross Floor Area of 83,286sqm or approximately 67,000sqm NLA.</p>

<p>Property development and project management consultancy Armitage Jones announced via its Instagram account that it had been appointed to manage the design and build of 555 Collins Street on behalf of Charter Hall. Armitage Jones is also working with Charter Hall on its Wesley Place precinct in the CBD's north-eastern end.</p>

<p> </p>

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<p style=" color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; line-height:17px; margin-bottom:0; margin-top:8px; overflow:hidden; padding:8px 0 7px; text-align:center; text-overflow:ellipsis; white-space:nowrap;"><a href="https://www.instagram.com/p/Btu_l_FlZSJ/?utm_source=ig_embed&amp;utm_medium=loading" style=" color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none;" target="_blank">A post shared by Armitage Jones (@armitagejones)</a> on <time datetime="2019-02-11T08:09:44+00:00" style=" font-family:Arial,sans-serif; font-size:14px; line-height:17px;">Feb 11, 2019 at 12:09am PST</time></p>
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<script async src="//www.instagram.com/embed.js"></script><blockquote>
<p><strong><span style="font-size:16px;">"WORKPLACE OF THE FUTURE - arriving in 2022!<br>
We are beyond excited to have been appointed to manage the design and construction of 555 Collins Street - @charterhallau ‘s largest office development and what will be a landmark tower of the world. Our appointment as Project Manager and Superintendent demonstrates the depth of experience and design and construction expertise across our team.  #insafehands #design#construction #architecture#propertydevelopment #realestate#skyscraper #melbourne"</span></strong></p>
</blockquote>

<p>For the purpose of the study below I initially used the maximum height of Fragrance's residential scheme designed by Bates Smart at 142m. Shadow testing indicated an overall height of 160m was achievable to the highest point with a sloping roof form.</p>

<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/555c_1.png" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="334" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/555c_1.png?itok=bcgVO78g" width="580"></a>

<figcaption>Section through centre of the site - solar angles @ winter solstice</figcaption></figure><p>I eventually landed on a dual tower scheme comprising;</p>

<ul>
<li>A 19-storeys (80m) to 55 King Street with floor plates of 1,980 sqm to podium levels and 1,490 sqm to tower levels. Total GFA ; and</li>
	<li>a 38-storey (160m to top of slope) tower to 555 Collins Street with floor plates of 1,960 sqm to podium levels and 1,100 sqm to tower levels</li>
	<li>A north-south laneway 6m wide along the western boundary</li>
</ul>
<p>This yields a GFA of 83,290sqm which isn't far off the 18:1 ratio.</p>

<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/555_collins_dual-01.png" rel="gallery-all" title="Is a dual tower scheme on the cards?"><img alt="" class="image-article-full-width-580px" height="240" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/555_collins_dual-01.png?itok=3GnxHpQi" title="Is a dual tower scheme on the cards?" width="580"></a>

<figcaption>Is a dual tower scheme on the cards?</figcaption></figure><p>The final outcome will eventually reveal itself when Charter Hall submits a revised application for the site. With Cbus Property and Bates Smart submitting an application for 435 Bourke Street  just prior to Christmas one would expect 555 Collins isn't too far behind.</p>
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Lurking in the shadows - 555 Collins Street

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<p>Earlier this year, Apartments.com.au posed the question: "<a href="/news/is-2018-the-year-of-commercial-for-the-melbourne-market">Is 2018 the year of commercial for the Melbourne market?</a>" As 2018 has rolled on this notion has continued to be reinforced with developers snapping up and consolidating sites or scrapping their apartment developments all together, in favour of office. </p>

<p>At the beginning of the week we <a href="/news/double-delight-pdg-releases-new-images-of-two-key-melbourne-projects">highlighted PDG's revised development intentions</a> for the former Toyota site at the top end of Elizabeth Street. Dubbed Elizabeth North the three tower commercial scheme replaces an earlier four building residential scheme, in response to the current state of the residential apartment market.</p>

<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/elizabeth-north_pdg_0.jpg" rel="gallery-all"><img alt="PDG's Elizabeth North at 611-697 Elizabeth Street. Image: PDG" class="image-article-full-width-580px" height="327" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/elizabeth-north_pdg_0.jpg?itok=ZtVJfM7Q" title="PDG's Elizabeth North at 611-697 Elizabeth Street. Image: PDG" width="580"></a>

<figcaption>PDG's Elizabeth North at 611-697 Elizabeth Street. Image: PDG</figcaption></figure><p>The latest site set to switch to commercial use appears to be <a href="/developments/melbourne-vic-3000">555 Collins Street</a>, after Fragrance Group sold the site to Charter Hall for a reported $140m, according to the <a href="https://www.afr.com/real-estate/charter-hall-swoops-as-singaporeans-exit-in-140m-collins-st-deal-20181025-h174ij">AFR</a>. This comes after Fragrance only managed to achieve sales of 46 per cent of the 625 total apartments in the 12 month period since the project was launched to the market.</p>

<p>Charter Hall's recent acquisition adds to its existing land holding at 55 King Street which adjoins 555 Collins Street and now forms part of a combined development site of 4,627 sqm. Applying a plot ratio of 18:1 as per the Central City planning controls would result in a developable Gross Floor Area of 83,286sqm or just shy of 67,000sqm NLA. </p>

<p>Taking into consideration floorplate sizes, setback requirements and overshadowing controls etc. a single commercial office building of around 30-35-storeys could be expected on the combined site. Charter Hall had previously investigated developing an office building of around 27-storeys at 55 King Street.</p>

<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/55_king_0.png" rel="gallery-all"><img alt="An unbuilt concept for 55 King Street. Image: Charter Hall" class="image-article-full-width-580px" height="234" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/55_king_0.png?itok=bw9Zfs_5" title="An unbuilt concept for 55 King Street. Image: Charter Hall" width="580"></a>

<figcaption>An unbuilt concept for 55 King Street. Image: Charter Hall</figcaption></figure><p>In recent months Mirvac has acquired the 383 LaTrobe Street site from Sterling Global for a cool $122m, after the latter gained approval for a 70-storey mixed-use tower designed by Ateliers Jean Nouvel. A 5-storey office building currently leased by the Australian Federal Police (AFP) occupies the 2,850 sqm site. The AFP are due to relocate to 311 Spencer Street in late 2020. In the interim it is understood that Mirvac have engaged Cox Architecture to develop a commercial scheme for the site.</p>

<p>Dexus, which sold a development site at 32-44 Flinders Street with a permit for a 54-storey tower, has in recent months snapped up two sites at 52 and 60 Collins Street for $230m allowing them to proceed with single commercial development. The site is located opposite QIC GRE's 80 Collins Street redevelopment which is currently under construction.</p>

<p>Finally, Cbus Property has resumed demolition of 150 Queen Street to allow for the creation of a temporary park, while it finalises plans for a Bates Smart-designed commercial development. Cbus' extensive redevelopment encompasses a consolidated land holding comprising 140 and 150 Queen Street, 27 McKillop Street and 423 Bourke Street, and is expected to have a development value of around $1bn, not too dissimilar to its <a href="/buildings/collins-arch-447-collins-street-melbourne">Collins Arch</a> project. </p>

<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/img-9337.jpg" rel="gallery-all"><img alt="Demolition has resumed on 150 Queen Street. Image: Mark Baljak" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/img-9337.jpg?itok=s4u-c7JK" title="Demolition has resumed on 150 Queen Street. Image: Mark Baljak" width="580"></a>

<figcaption>Demolition has resumed on 150 Queen Street. Image: Mark Baljak</figcaption></figure><p>Based on the above, it looks like the commercial trend of 2018 is likely to drag on into 2019 as planning applications are lodged. Watch this space.</p>

<p> </p>
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