Abadeen has released the whole-floor penthouse crowning its recently completed <a href="https://www.apartments.com.au/buildings/park-residences-cremorne-2-sutherland-street-cremorne-nsw-2090">Park Residences</a> development in Cremorne, bringing the near-300 sqm residence to market for the first time.

Occupying the entire top floor of the boutique Lower North Shore development, the penthouse includes 221 sqm of internal living and a 74 sqm wraparound terrace, with a prized north-facing aspect taking in views across Middle Harbour.

The residence has been completed and fully furnished following a collaboration between Abadeen Executive Chairman Justin Brown and internationally recognised interior designer Jack Freeman, Founder and Managing Director of FREEMAN &amp; CO.

<a href="https://www.apartments.com.au/developers/abadeen">Abadeen</a> and Freeman approached the penthouse as a finished home, sourcing furniture, artwork, lighting and objects from Australia and overseas.

[smartcode_project:default project_id=114246 project_image_fid=378718]

Pieces from Parisian design house Pierre Augustin Rose sit alongside contemporary artworks and bespoke lighting, with Freeman drawing on recent visits to PAD Paris and Salone del Mobile Milano for the final collection.

Brown said the aim was to create a penthouse that felt more like a large-scale private home than a traditional apartment.

"The experience begins the moment the lift doors open. You're welcomed into an elegant dining room before the home opens into an extraordinary living space framed by sun-drenched harbour views.

"Every time someone walks through the front door they pause. It's not just the view, it's the incredible sense of space, the warmth created by the northern sunlight that fills the interiors, and the way every room connects so effortlessly.

"It has all the proportions of a luxury home, while delivering the effortless lifestyle and personalised experience of living in a world-class six-star hotel, combined with the simplicity and convenience of apartment living."

[smartcode_project:default project_id=114246 project_image_fid=378713]

A secure lift provides exclusive access to the penthouse level, opening to a dedicated arrival foyer and dining area before the residence expands into its main living and entertaining spaces.

Floor-to-ceiling glazing runs across the northern side of the home, connecting the interiors with the terrace and Middle Harbour outlook.

The penthouse also features a fireplace and substantial chef's kitchen, while the wraparound terrace has been designed to accommodate both everyday outdoor living and larger-scale entertaining.

[smartcode_project:default project_id=114246 project_image_fid=378720]

Freeman said the interiors had been deliberately kept restrained to complement the scale, natural light and outlook already established by the architecture.

"The penthouse is a serene study in quiet luxury," Freeman said.

"The interior pairs soft, sculptural forms with warm timber, pale stone and a restrained neutral palette. Curated artwork and metallic accents add depth, while abundant natural light creates a calm, effortlessly refined atmosphere. In my world, less is always more."

Freeman said the approach was centred around collecting individual pieces rather than simply decorating the apartment.

"Every material, every object and every piece of furniture has been curated with intention. I am a true believer in collecting versus decorating.

"The architecture already provided extraordinary natural light, remarkable volume and an uninterrupted connection to Middle Harbour. Our role was to complement those qualities with unique one-of-a-kind pieces of fine art and collectible design sourced from recent travels around the world."

[smartcode_project:default project_id=114246 project_image_fid=378694]

Among the collection are solid bronze sculptures by Lorenzo Quinn, alongside a curated crystalware collection and pieces sourced from international design fairs.

Park Residences sits opposite Cammeray Golf Club, Cammeray Croquet Club and Grand Slam Tennis Cammeray, around 300 metres from Neutral Bay Village and its established collection of restaurants, cafés and retail.

Brown said the combination of a whole-floor floorplan, northern aspect and proximity to Neutral Bay was becoming increasingly difficult to find on the Lower North Shore.

"Completed whole-floor penthouses with a sun-drenched north-facing aspect and sweeping Middle Harbour views are exceptionally rare," Brown said.

"Add a quiet position opposite golf, croquet and tennis facilities, a level walk to Neutral Bay Village and only minutes to the CBD, and you have a lifestyle that's incredibly difficult to replicate.

"This is a home that offers the privacy and generosity of a luxury residence together with the convenience of one of Sydney's best-connected harbourside locations."

The penthouse will be exclusively marketed by SRM Residential.

[smartcode_project_cta:default project_id=114246]

Joel Robinson

Abadeen unveils penthouse at Park Residences in Cremorne

New Brisbane developer Dalcott has unveiled Marrone, the first of three residential projects it is planning in and around Browning Street in South Brisbane.

<a href="https://www.apartments.com.au/new-apartments/marrone-south-brisbane-39-browning-street-south-brisbane-qld-4101">Marrone</a> will comprise 97 predominantly two- and three-bedroom apartments, with larger residences aimed squarely at the owner-occupier market.

The project will sit in a quiet pocket of South Brisbane between South Bank and West End, close to the restaurants, cultural attractions and riverfront amenity that have driven the suburb's continued transformation.

Dalcott is targeting buyers looking for more space and amenity than has traditionally been offered in the inner-city apartment market, particularly downsizers and professionals wanting to remain close to the city.

[smartcode_project:default project_id=149951 project_image_fid=377072]

Resident facilities will be concentrated around an extensive rooftop amenity offering, including a swimming pool, spa, infrared sauna, warm and cold magnesium plunge pools, private lounge, dining room and outdoor entertaining areas.

Dalcott Managing Director Lachlan Cottee said South Brisbane's combination of lifestyle, connectivity and established character had been central to the approach to Marrone.

“South Brisbane offers a combination of lifestyle, connectivity and character that’s difficult to replicate elsewhere in Brisbane,” Cottee said.

“Our focus has been on creating homes that feel connected to that environment while providing the level of design, functionality and quality that today's owner-occupiers expect.”

The residences will feature an expressive material palette. Italian Calacatta Viola marble, known for its deep burgundy veining, will be paired with aged brass tapware, Chestnut engineered timber flooring and Tuscan Oak joinery.

<img alt="Marrone" data-entity-type="file" data-entity-uuid="b8d833da-3b30-496a-ae30-07bdff371b50" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%2010.52.35%E2%80%AFAM.png?VersionId=P6DAgOfaQzIXljKKK5j3e5NhWtrHIu9G" />

Bathrooms will feature Nara Japanese ceramics and glass bricks, while clay, walnut and brass lighting will be used throughout the apartments.

Dalcott has appointed Realm Projects, led by Managing Director Shane Foley, to handle sales and marketing following previous sold-out collaborations between the groups.

Foley said the Brisbane apartment buyer had become increasingly focused on the quality of the home itself rather than simply securing an inner-city address.

“We expect to see strong demand from buyers who still want all the advantages of inner-city living but aren’t prepared to compromise on the quality of their home,” Foley said.

“Many will be downsizers looking to leave behind the maintenance of a traditional family home without giving up the space they enjoy, while others are likely to be professionals wanting a residence that reflects the way they live today.”

“Marrone responds directly to that demand, with generous floorplans, exceptional resident amenity and a location that places some of Brisbane’s best dining, entertainment and cultural attractions within walking distance.”

<img alt="Marrone" data-entity-type="file" data-entity-uuid="61f7b22f-899e-4c0f-940a-7d3ab1bfb93a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%2010.52.44%E2%80%AFAM.png?VersionId=PvN1JYxBgUpyCB7efKo52WGdSDs9nmim" />

Marrone will be the first project delivered as part of Dalcott's broader investment in the precinct.

It will be followed by La Terra, a boutique project comprising penthouse-style, single-level apartments on a northeast corner site with extensive resident amenity and city views.

Cottee said Marrone represented the first stage of the group's longer-term plans for the area.

Dalcott was established in 2025 by Lachlan Cottee and Ben Dalgliesh, combining development and construction capability under an integrated model and focusing on architecturally considered residential projects.

Marrone will initially be offered through a pre-release registration campaign ahead of its broader public launch.

Dalcott targets owner-occupiers with South Brisbane debut Marrone

Parnell Developments is the latest to seek significant uplift through the NSW Government's Housing Delivery Authority on a Strathfield site previously approved for a much smaller apartment development.

Parnell has sought approval for a 32-storey mixed use tower across&nbsp;<a href="https://www.apartments.com.au/new-apartments/7-lyons-street-strathfield-nsw-2135">3-7 Lyons Street and 18 Parnell Street</a>, a&nbsp;1,857 sqm site around 400 metres from Strathfield Station. The building would yield 160 apartments, 15 per cent of which will be dedicated affordable as per the government mandate for buildings seeking additional uplift.

Approved previously was a nine-storey building back in 2022 with just over 30 apartments. That approval came prior to the project being&nbsp;progressively reconsidered as planning policy shifted toward greater density around transport hubs.

<img alt="Strathfield" data-entity-type="file" data-entity-uuid="c5af5281-a643-4eb2-b8c4-0081b59c04c7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.16.48%E2%80%AFAM.png?VersionId=37bd3mI7rHNpThOV_75VO8xsGFwWOi1u" />

Turner has designed the latest building that would replace&nbsp;existing detached homes across the four lots.

The apartment mix comprises 22 one-bedroom apartments, 107 two-bedroom and two-bedroom-plus configurations, and 31 apartments with three or more bedrooms. The scheme also includes 203 car spaces across six basement levels and 58 bicycle spaces.

The proposal has been designed around a three-storey podium addressing Lyons Street, with the tower rising above and stepping toward its upper levels.

Turner said the podium was deliberately scaled to respond to the existing street, while the taller element has been designed as part of the emerging skyline anticipated around Strathfield Town Centre and the wider Homebush transport-oriented development precinct.

The Lyons Street frontage would have a more active, pedestrian-focused character, incorporating the commercial tenancy, landscaping and a brick-framed podium with an awning.

<img alt="Strathfield" data-entity-type="file" data-entity-uuid="14b20874-b8c3-4ac7-bc03-92be9a69fb78" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.17.48%E2%80%AFAM.png?VersionId=av.9TxtqIRTC6v3PkSuu1rL9rreWoe2h" />

Parnell Street, which faces the railway corridor, has been given a different architectural treatment, with double-height breeze blocks, landscaping and communal areas used to soften the interface with the rail infrastructure.

The tower itself uses curved and recessed facade elements, with wave-like indentations across the northern elevation breaking the building into three vertical forms.

A palette of grey concrete, brick and breeze blocks is complemented by clay and terracotta accents, while the upper tower adopts a lighter expression through articulated slab edges, vertical fins and recessed glazing.

Residents would have access to 467 sqm of communal open space spread across three levels. The ground floor would accommodate the more active resident areas, including barbecue and group gathering spaces and an internal communal room capable of being used for working from home.

A more passive viewing deck is proposed at level three, overlooking the ground-level landscaping and neighbouring tennis courts, while a rooftop "sunset deck" at level 30 would provide another social and relaxation space.

<img alt="Parnell" data-entity-type="file" data-entity-uuid="c3dce401-a80f-4682-8471-4caa01180880" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.17.34%E2%80%AFAM.png?VersionId=Xyo8JVqbOhSJXNy6Ih.1cHL.O6i0bGR." />

&nbsp;

&nbsp;

&nbsp;

Strathfield has been earmarked for substantial change through the Strathfield Town Centre planning work and the nearby Homebush TOD precinct.

Turner's report says the project has been designed to act as a transition between the existing low and mid-rise development surrounding the site and the taller built form expected to emerge across the town centre.

The proposal is being assessed as State Significant Development under the HDA pathway, alongside the concurrent request to amend the Burwood Local Environmental Plan.

First look: New apartment tower pitched for Strathfield Town Centre precinct

An $18 million penthouse has hit the market in Main Beach as construction tops out on La Mer, the $155 million apartment development rising just metres from the beach.

Spanning around 600 sqm across the top two levels of the 29-storey tower on Main Beach Parade, the four-bedroom penthouse is one of the latest eight-figure residences to test the upper end of the Gold Coast apartment market.

Its launch comes amid continued activity at the very top of the market, following the $30 million off-the-plan sale of a Burleigh Heads penthouse earlier this year, which surpassed the Gold Coast's previous $24 million apartment record set in 2023.

The <a href="https://www.apartments.com.au/new-apartments/la-mer-main-beach-3580-main-beach-parade-main-beach-qld-4217">La Mer penthouse</a> has been designed as a private residence in the sky, with 360-degree views spanning the ocean, Broadwater, hinterland and Gold Coast skyline.

[smartcode_project:default project_id=95606 project_image_fid=378731]

All four bedrooms have ensuites, while the ocean-facing master retreat occupies around half of the upper level and includes its own lounge, private balcony, two walk-in wardrobes and an oversized ensuite with a freestanding stone bath positioned to take in the views.

The residence also features a kitchen designed to accommodate a private chef, a 3.6-metre island bench, expansive butler's pantry, wine cellar and integrated bar.

[smartcode_project:default project_id=95606 project_image_fid=378732]

A rooftop pool and substantial outdoor entertaining area with its own kitchen sit above the residence, while a grand staircase connects the two internal levels. The penthouse also has its own express lift.

OTP Group Director James Elliott, who is marketing La Mer, said the penthouse was expected to appeal to high-net-worth buyers seeking either a permanent Main Beach residence or Gold Coast holiday home.

“The La Mer penthouse represents exceptional value, considering its quality design, size, privacy and location, not to mention the 360-degree views capturing the beach and Gold Coast Broadwater,” Elliott said.

“We’re anticipating interest from high-net-worth individuals and couples seeking a residence or holiday home in the sought-after village enclave of Main Beach, taking advantage of the unprecedented growth underway in the area and neighbouring The Spit.”

[smartcode_project:default project_id=95606 project_image_fid=378736]

La Mer is being developed by developer-builder ODUS and Nazero, in partnership with funder Metrics Credit Partners.

ODUS Director Byron Sakha said topping out the tower had provided the opportunity to release the project's most significant residence.

“We’ve worked with internationally-recognised studio Sici Design on the penthouse interiors, with a focus on ensuring it isn’t luxury for luxury’s sake. Every element has been thoughtfully designed to enhance quality of life for those who call it home,” Sakha said.

“The views are the hero of virtually every space, but we’ve given equal attention to the fittings and finishes, so every detail exudes elegance and refinement.”

Sici Design Founder and Director Maria Papadopoulos said the extensive views became an integral part of the interior design rather than simply something the residence was designed around.

“The views weren't something we designed around, they became part of the design itself, with the true luxury of La Mer in its feeling of peace, calm and wellbeing,” Papadopoulos said.

“Luxury isn't defined by how something looks, but how it makes you feel, and we believe a luxurious home should be beautiful to live in, not stressful to maintain.”

The interiors combine Austral Dream Dolomite natural stone and travertine with timber flooring and a restrained coastal palette.

[smartcode_project:default project_id=95606 project_image_fid=378734]

Designed by Plus Studio, La Mer is one of the more boutique additions to the rapidly changing Main Beach apartment market.

The tower comprises just 24 full-floor, three-bedroom plus multipurpose room apartments below the two-level penthouse, giving the project a considerably lower density than many of the larger towers being developed across the Gold Coast.

Residents will have access to a pool and spa, gym, sauna, barbecue facilities, private sun lounges, yoga lawn and outdoor beach shower.

The penthouse has been released as part of the final collection of residences at La Mer, with remaining apartments priced from $4.3 million.

Construction is expected to complete later this year, with a fully furnished display apartment now open on level four.

[smartcode_project_cta:default project_id=95606]

ODUS releases $18 million penthouse crowning La Mer Main Beach

<a href="https://www.apartments.com.au/developers/far-east-consortium">Far East Consortium</a> is preparing to commence construction on <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> this October, marking the next milestone for the Melbourne CBD development and its higher-end Eliza Collection.

Spanning levels 44 to 68 of the 68-storey <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed tower, the Eliza Collection has been conceived as a lower-density offering within the broader development, with only five apartments on each floor, dedicated lift access and a collection of resident spaces reserved exclusively for Eliza Collection residents.

The Eliza Collection forms part of Far East Consortium's broader move toward larger-format residences at 640 Bourke Street, where the number of apartments was reduced from earlier plans as apartment sizes increased.

[smartcode_project:default project_id=509 project_image_fid=365685]

"What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Far East Consortium Director of Sales and Marketing Lauren Sheldon said.

Rothelowman Associate Jun Chang said the design process provided an opportunity to create more generous floorplans.

"We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."

[smartcode_project:default project_id=509 project_image_fid=368869]

That thinking carries through to the Eliza Collection, where the residences have been designed around the space and functionality associated with a larger home, but positioned high above the centre of Melbourne.

Kitchens are equipped with Gaggenau appliances, a butler's pantry, temperature-controlled wine cabinet and sculptural pendant lighting, while engineered timber flooring, stone and porcelain finishes and custom cabinetry feature throughout the broader interiors.

Privacy and security are another point of distinction. Eliza Collection residents have dedicated lift access, while 640 Bourke Street will provide concierge services and secure resident parking. Short-stay accommodation, including Airbnb, will not be permitted within the development.

[smartcode_project:default project_id=509 project_image_fid=365689]

Eliza Collection residents will also have exclusive access to selected amenity spaces across levels one and three of the restored Eliza Tinsley building. These include the Salon with grand piano, an art therapy room, private dining rooms and treatment rooms.

They sit within more than 3,000 sqm of amenity planned across 640 Bourke Street, alongside facilities including a pool, gym, whisky lounge and further social and wellness spaces.

The Eliza Tinsley building itself is central to the wider project's identity. Rather than treating the existing Eliza Tinsley façade as a separate element, Rothelowman used it as a starting point for the architecture of the new tower, with the historic building to accommodate the project's gallery and lobby.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

[smartcode_project:default project_id=509 project_image_fid=368872]

The tower will rise behind the retained heritage building at 640 Bourke Street, placing residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market and the Docklands waterfront.

With construction scheduled to begin in October, Far East Consortium has established an onsite display gallery at 640 Bourke Street, including fully built apartments that allow the project's layouts, materials and finishes to be inspected at full scale.

A fully built Eliza Collection apartment is also available to view at the display suite by appointment ahead of the planned October construction commencement.

Eligible purchasers who buy before construction commences can secure the full available off-the-plan stamp duty savings, subject to eligibility and applicable conditions.

[smartcode_project_cta:default project_id=509]

Far East Consortium brings Eliza Collection to 640 Bourke Street ahead of October construction start

Apartments

<html><body>
A rush of planning applications either side of the festive break are cumulatively seeking to add to South Melbourne's robust development scene, with four major apartment projects lodged.

City of Port Phillip will now assess the respective merits of the fresh applications, along with a handful of other noteworthy towers already at planning that when combined, would provide the popular suburb with thousands of new apartments.

Most recent to planning was 9-13 Park Street, landing with Council in the new year. The current low-rise commercial complex spanning the site is expected to make way for a multi-storey apartment building.

The arrival of 9-13 Park Street follows on from December's lodgement of plans for the adjoining 5-7 Park Street, with that application landing at Council four days prior to Christmas. Located next to Sol Sapir-designed Hallmark which spans 19 levels and includes 155 apartments, the prime 5-7 Park Street plot is currently occupied by a nondescript house that is home to brothel Cherry Blossoms.

Expected to replace the venue is a 20 storey mixed-use building set above basement car parking.

<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/image39_4.jpg" rel="gallery-all" title="5-7 Park Street's days look to be numbered. Image: Google"><img alt="" class="image-article-full-width-580px" height="349" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image39_4.jpg?itok=ylawX-Ur" title="5-7 Park Street's days look to be numbered. Image: Google" width="580"></a>

<figcaption>5-7 Park Street's days look to be numbered. Image: Google</figcaption></figure>41-49 Bank Street also entered planning last month, with developer Guangdong Carrington Real Estate Group seeking the right to deliver a 19 level residential tower comprising 174 apartments.

Having secured the 1,441sqm site during late 2015 for over $15 million, Guangdong elected not to proceed with an approved scheme which at a point was known as Aero Apartments during its failed marketing campaign.

Rounding out the quartet is 1-13 Cobden Street which has been subject to development overtones for some years. Agent Lemon Baxter handled the site's sale during 2014, with the plot now subject to a mixed use building containing 229 dwellings and retail spaces at ground level.

<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/image38_7.jpg" rel="gallery-all" title="Artisan Architects' revised design for 200-204 Wells Street."><img alt="" class="image-article-full-width-580px" height="648" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image38_7.jpg?itok=-efyGqcT" title="Artisan Architects' revised design for 200-204 Wells Street." width="580"></a>

<figcaption>Artisan Architects' revised design for 200-204 Wells Street.</figcaption></figure>With this South Melbourne pocket underpinned by Park Street and Albert Road perennially popular with developers and soon to boast its <a href="http://metrotunnel.vic.gov.au/locations/domain">own metro station</a>, Apartments.com.au is tracking 7 additional projects with 14 levels and above in the immediate area.

Projects that have yet to reach a planning outcome, or have yet to begin construction include Australian Unity's <a href="/buildings/the-grace-114-130-albert-road-south-melbourne">114-130 Albert Road</a>, Milbex's <a href="/buildings/park-ave-39-park-street-south-melbourne">37-43 Park Street</a>, <a href="/new-apartments/south-melbourne-vic-3205">Niche at 33 Park Street</a>, the combined <a href="/new-apartments/13-21-palmerston-crescent-south-melbourne">13-21 Palmerston Crescent</a> / <a href="/new-apartments/first-light-28-albert-road-south-melbourne">28-32 Albert Road</a> and <a href="/buildings/200-204-wells-street-south-melbourne">200-204 Wells Street</a>.

The latter, seen above, is a recent candidate for approval and consists of an Artisan Architects-designed 20 level tower with 201 apartments.

Set on a 1,543sqm plot, the scheme for 15 Park Street Pty Ltd includes 75 single and 126 dual bedroom apartments.

Lead image: Bob Mical, Flickr
</body></html>

silvermb

South Melbourne a magnet for new residential tower applications

<html><body>
PACE Development Group has rounded out a successful 2016 by unveiling 181 Fitzroy Street. Residents will this week begin moving in to the freshly completed residential project which may just contain the best views of any apartment project in Melbourne.

181 Fitzroy Street spans 10 levels and includes 151 one, two and three bedroom apartments. Designed by SJB, the project has achieved an average energy rating of 7.2 and in an Australian first, PACE has partnered with Origin Energy to provide an integrated energy outcome across the project, featuring solar, EV charger and a communal PHEV (plug in hybrid vehicle) solutions.

The result is substantial energy savings and the generation of power that will, in part, illuminate the project's common areas.

<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/image250.jpg" rel="gallery-all" title="181 Fitzroy Street upon completion. Image: PACE"><img alt="" class="image-article-full-width-580px" height="406" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image250.jpg?itok=KYKBhwTL" title="181 Fitzroy Street upon completion. Image: PACE" width="580"></a>

<figcaption>181 Fitzroy Street upon completion. Image: PACE</figcaption></figure>181 Fitzroy Street is PACE's latest project in the pocket surrounding the ever popular St Kilda Junction, with recent completions nearby including Allure, Henry Windsor, George Windsor and The Icon which has made a name for itself as one of Melbourne's most unique buildings.

With final touches applied over the weekend, residents can now begin to enjoy the impressive views, with all north facing apartments and the top floor communal area aligning with Albert Park and Lake, Southbank and the CBD beyond.

<h2>What they say</h2>

<blockquote>
The settlement of 181 Fitzroy, which was sold primarily to the local market (83.5%), marks the end of PACE’s most successful year to date.

Despite murmurings of a downturn in the market, 2016 has been incredibly successful year for PACE with 86 at Archer settled in May, 48 settled at George Windsor in October, 86 at Brunswick sold-out in 7 months, Northcote 75% sold in 4 months, Doncaster East selling well and now the completion of 151 luxury apartments at 181 Fitzroy Street, St Kilda.

For 181, the immaculate architectural work of SJB is complimented by the expert hand of interior designer, Sue Carr whose impeccable eye has touched upon every internal element at 181 Fitzroy Street, bringing a level of refinement to the project, reminiscent of the finest contemporary European hotels.

Having undergone an extremely smooth settlement &amp; valuations process, with 95% of apartments valued at or above purchase price, the settlement of the project marks an appropriate end to 2016 for PACE and aptly sets the tone for what is expected to be an even stronger 2017.
<cite>Shane Wilkinson, Managing Director, PACE Development Group</cite>
</blockquote>

<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/image256.jpg" rel="gallery-all" title="Top floor terrace, infinity pool and views. Image: PACE"><img alt="" class="image-article-full-width-580px" height="155" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image256.jpg?itok=26CrkbLa" title="Top floor terrace, infinity pool and views. Image: PACE" width="580"></a>

<figcaption>Top floor terrace, infinity pool and views. Image: PACE</figcaption></figure>And PACE's <a href="/developments">2017's pipeline</a> is evident within the Apartments.com.au Project Database.

Yesterday, <a href="/buildings/pace-of-northcote-5-beavers-road-northcote">Pace of Northcote</a>'s tower crane was erected; it joins <a href="/buildings/ode-16-grey-street-st-kilda">Ode</a> and 808 Sydney Road at construction, with the latter currently seeing the commencement of piling works onsite. Together these three projects will see roughly 240 additional dwellings added to PACE's development portfolio.

<a href="/buildings/pace-of-doncaster-east-3-mitchell-street-doncaster-east">Pace of Doncaster East</a> is also at sales, having begun its campaign recently. Included within the project are 82 apartments split between one, two and three-bedroom options.

City of Yarra is set to host PACE's next wave of apartment developments. <a href="/buildings/pace-of-collingwood-75-wellington-street-collingwood">73-77 Wellington Street</a> will see a display suite take shape shortly, following on from the project's approval. The remaining project on PACE's immediate agenda and the only project of theirs currently at planning is <a href="/buildings/pace-of-abbotsford-247-johnston-street-abbotsford">247-249 Johnston Street, Abbotsford</a>.

Spanning 13 levels, the project may net PACE another 148 apartments set behind the historic St. Crispin House facade.

<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/image259.jpg" rel="gallery-all" title="A selection of upcoming PACE projects"><img alt="" class="image-article-full-width-580px" height="340" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image259.jpg?itok=y1h8rbSZ" title="A selection of upcoming PACE projects" width="580"></a>

<figcaption>A selection of upcoming PACE projects</figcaption></figure>
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181 Fitzroy Street rounds out 2016 as PACE shapes up for an active 2017

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Art Deco apartments retain an aura of charm in our streetscape, according to Secret Agent’s latest bulletin.
This continues to get stronger as time goes by and as more modern apartments are built.
As one of the most scarce and precious of apartment types, what is their true value?
Out of the 1,276 apartments in our latest index, only 91 resales were Art Deco.
These are the most expensive type of apartments at $9,651 per square metre.
It is well ahead of brick apartments from the 60s to 80s ($8,672/sqm), post-90s developments ($8,599/ sqm) and even warehouse conversions ($8,517/sqm).
It is clear that buyers place a high value on Art Deco apartments.
If you’re looking to buy an Art Deco apartment in a specific region of inner Melbourne, you’ll find most resales tend to occur in Melbourne CBD.
It also occurs in the inner East (East Melbourne, Hawthorn, Prahran, South Yarra).
Table 1 summarises the price per square metre rates for Art Deco apartments in Melbourne according to the number of bedrooms, compared to the average of apartments across inner Melbourne.
<a href="https://www.propertyobserver.com.au/images/2016/11/24/Table%201.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2016/11/24/Table%201.jpg" alt="">
Table 2 shows the differences in size (sqm) between Art Deco and general apartments in inner Melbourne.
<a href="https://www.propertyobserver.com.au/images/2016/11/24/Table%202.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2016/11/24/Table%202.jpg" alt="">
"East Melbourne is home to some of the most expensive apartments (second to Albert Park, though the former has more frequent sales), as we've established from our overall price per square metre index," the bulletin stated.
There is no exception with Art Deco apartments in East Melbourne and they are far more costly on average at $12,878 per square metre.
A significant number of period apartment resales occur within Melbourne CBD, making up a third of the total Art Deco units recorded.
These are much more affordable than their neighbouring East Melbourne equivalents, with differences
in price ranging from $2,600 per square metre less for the common 2 bedroom units to almost $7,000 per square metre less for rare 4 bedroom apartments.
The lower cost of property in the CBD is partly due to the significant number of new developments taking place, blocking out views and sunlight in many older, smaller buildings.
While older style apartments are known to be more spacious than new developments, they aren’t too far ahead of the average.
In fact, warehouse conversions are the biggest apartment type, having 30% more floor space on average.
1 bedroom Art Deco apartments (56sqm) are about 20% bigger than average (47sqm), while 2 bedroom units are only marginally more spacious, with a 5sqm advantage.
Older style 3 bedroom apartments (119sqm) are comparable to the average (121sqm). The rare 4 bedroom unit (214sqm) is slightly larger than average (203sqm).
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j.ballantyne1990-6AQqhLzZaK

Art deco apartments are the most expensive in Melbourne

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Melbourne apartments remain at the peak of the market for Herron Todd White's December Property Clock for units. 
Apartments were at peak in November.
According to HTW the Melbourne apartment market continues to be viewed with caution, with the median unit price falling from $460,000 in December last year to $435,000 by the end of October 2016 (Source: REA Group Ltd, 2016).
<a href="/images/2016/12/05/Screen%20Shot%202016-12-05%20at%201.57.12%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/12/05/Screen%20Shot%202016-12-05%20at%201.57.12%20PM.png" alt="">
"One main contributor to the falling demand for apartments is the decreasing rate of lending to foreign investors, as the major banks have tightened lending to international purchasers," HTW said.
"Another factor is the continuing increase in supply of apartment stock in the city, with complexes such as Melbourne One, EQ Tower, 888 Collins Street and Platinum complete or beginning the settlement process at the time of writing. This ts with what we predicted at the start of the year, with concerns about oversupply and building regulations still casting a shadow over the apartment market.
"While the Melbourne CBD and Docklands might appear to grab the apartment oversupply headlines, many suburbs in the inner north west of Melbourne have also seen large volumes of completions during 2016. We referenced concerns of excessive supply in suburbs such as North Melbourne, West Melbourne, Moonee Ponds, Ascot Vale and Essendon in our February 2016 predictions and it would appear that this caution was warranted.
"The September 2016 quarter has seen falls in unit median prices across multiple suburbs. In North Melbourne, the median unit price fell 10.7 percent to $518,000 while in West Melbourne, the median fell by an even greater 17.6 percent to $482,000.
"In Moonee Ponds, the median unit price fell 13.8 percent to $535,500, while in Ascot Vale the median fell further by 26.6 percent to $455,000.
"Of the suburbs we referenced, only Essendon has seen a rise in the median unit price of 18.8 percent to $547,000 over the same period (Source: REIV, November 2016).
"Vacancy rates appear to be impacted by the increased volume of apartments. In North Melbourne, the rental vacancy rate is 5.02 percent and is 5.24 percent in West Melbourne (Source: Real Estate Investor, 2016) compared to an average of 3 percent for inner suburbs up to four kilometres from the CBD (Source: REIV, September 2016).
"These higher vacancy rates – over twice the market equilibrium of 2.5 percent - underpin the relative weakness of the unit market in these suburbs."
 
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jonathanchancellor-7SQnKwU6yx

Melbourne apartments at price peak: December 2016 HTW Property Clock

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Taouk Architects may be preparing the latest entrant into Box Hill's flourishing apartment tower scene.

The expanding architecture firm is running with detailed images of a substantial residential tower at 34-36 Prospect Street. Whether or not the images form part of a package that will head to planning remains to be seen, but their emergence further reinforces Box Hill's apartment tower credentials.

Currently 34-36 Prospect Street is a nondescript two level office building that is leased to migrant help agency AMES Australia. Knight Frank handled the 1,208sqm plot's sale during 2015, with part of the sales pitch noting that the AMES Australia lease would expire mid 2017, without the prospect of extension.

Listed as a current project, Taouk Architects' scheme involves a 28 storey tower, consisting predominantly of apartments.

<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/image185_0.jpg" rel="gallery-all" title="A prospect on Prospect. Image: Taouk Architects"><img alt="" class="image-article-full-width-580px" height="476" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image185_0.jpg?itok=gEyWWOoB" title="A prospect on Prospect. Image: Taouk Architects" width="580"></a>

<figcaption>A prospect on Prospect. Image: Taouk Architects</figcaption></figure>Tucked in behind Whitehorse Road, Prospect Street has yet to see apartment development, unlike many other parts of Box Hill's central spine.

A development yardstick for the area comes in the shape of the nearby 9-11 Prospect Street; the approved Artisan Architects-designed tower over 25 levels includes 187 apartments, with commercial and retail spaces in tow. 9-11 Prospect Street is now being marketed by Savills as a prime development site ready to go. 

Should 34-36 Prospect Street head to planning, it will likely be joined by 13 Prospect Street &amp; 31-35 Prospect Street in due course. Both sites were offered for sale during 2016, with the expectation that both will become multi-level residential developments.

<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/image182_0.jpg" rel="gallery-all" title="Savills are marketing 9-11 Prospect Street"><img alt="" class="image-article-full-width-580px" height="344" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image182_0.jpg?itok=5onANjJd" title="Savills are marketing 9-11 Prospect Street" width="580"></a>

<figcaption>Savills are marketing 9-11 Prospect Street</figcaption></figure>In other news on the Hill, one of suburban Melbourne's tallest towers is preparing to break ground.

Sky One Box Hill's site is clear, with piling set to commence on the 122.8 metre tower created by DKO Architecture; at that height it will become Box Hill's tallest tower, usurping Whitehorse Towers which is also currently under construction.

Last week a ground breaking ceremony was held onsite for Sky One Box Hill, which upon completion will include 438 apartments and amenities such as landscaped gardens, a pool, gym, spa, sauna, yoga studio and lounges.

The tower itself will emerge above ground well into 2017, following the site retention and excavation works for a substantial seven level basement.

<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/image187_2.jpg" rel="gallery-all" title="Sky One Box Hill is prepped for construction"><img alt="" class="image-article-full-width-580px" height="317" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image187_2.jpg?itok=qaDYgaqN" title="Sky One Box Hill is prepped for construction" width="580"></a>

<figcaption>Sky One Box Hill is prepped for construction</figcaption></figure>
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Is this Box Hill's next big tower?

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Vicinity Centres, operator of The Glen, gained a decisive win last week with City of Monash deciding to issue a Notice of Decision that will allow the operator to considerably boost the number of apartments it has planned as part of its wide-ranging redevelopment of the Glen Waverley shopping complex.

Subject to a number of conditions, the latest version of The Glen's pending $500 million overhaul will see apartment numbers rise from 427 to 539. Post approval of the previously intended redevelopment, Vicinity Centres went back to planning, introducing the proposed amendments during August.

NH Architecture remains the project's principal design driver, with UNStudio also present across planning documents, suggesting that the international design studio has played a part in the design evolution of the project.

<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/image217_0.jpg" rel="gallery-all" title="The Glen's new perspective. Planning images: NH Architecture"><img alt="" class="image-article-full-width-580px" height="318" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image217_0.jpg?itok=JBKcJhEr" title="The Glen's new perspective. Planning images: NH Architecture" width="580"></a>

<figcaption>The Glen's new perspective. Planning images: NH Architecture</figcaption></figure>Expected changes to the centre's facade now sees a layered new skin consisting primarily of aluminium finishes, with the three residential towers also changing their configuration markedly.

The tallest 'Signature Tower' which was initially at 76.51 metres has lost five levels to better meet Council expectations regarding height. The 'Kingsway Axial Building' remains at 13 levels while the 'Urban Building' has been approved at 12 levels, and with considerably increased girth.

The wash up now sees Vicinity Centres able to add 539 apartments across the three approved towers, with configurations including 155 x 1 bedroom apartments, 357 x 2 bedroom apartments, 22 x 3 bedroom apartments and 5 x 4 bedroom penthouses which will crown the 'Signature Tower'.

Included within the revamped centre will be a net total retail floor space of 73,024sqm and 3,540 retail car spaces, plus 674 new spaces devoted to residential and residential visitor use.

<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/image214_0.jpg" rel="gallery-all" title="The Glen's proposed Square and Pavilion. Planning image: NH Architecture"><img alt="" class="image-article-full-width-580px" height="218" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image214_0.jpg?itok=c0IgN_KQ" title="The Glen's proposed Square and Pavilion. Planning image: NH Architecture" width="580"></a>

<figcaption>The Glen's proposed Square and Pavilion. Planning image: NH Architecture</figcaption></figure>Future residents will also have access to 2,700sqm of dedicated communal open space across the southern aspect of the complex.

The Glen's forthcoming development will also strive to add a degree of placemaking by way of a new public square and pavilion that will dominate the corner of Snedden Drive and O'Sullivan Road.

City of Monash have in recent times made a conscious effort to encourage Glen Waverley's various developments to provide an active and engaging street level outcome. The Glen's public square will eventually sit opposite the new 15 level <a href="/buildings/galleria-glen-waverley-52-osullivan-road-glen-waverley">Galleria</a> apartment development with its active frontages, while Council is also pursuing a redevelopment of the Glen Waverley Central Car Park site.

It in time is likely to feature a new library and community hub, expanses of green public space and a variety of predominantly residential towers, in line with Council's vision for a revamped heart of Glen Waverley.
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The Glen redevelopment grows further with more apartments approved

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Melbourne is in for another dose of Zaha Hadid Architects.

After the renowned London-based design practice achieved approval for their <a href="/buildings/582-606-collins-street-melbourne">first Melbourne project</a> earlier in the year, developer UEM Sunrise has chosen the firm to spearhead their pending residential redevelopment of the former Victoria Police building at 412 St Kilda Road. The Mayfair as it has been dubbed, will be positioned as one of Melbourne's premier residential addresses.

City of Port Phillip gave approval for the building's rejuvenation earlier this year, although UEM Sunrise in the interim instigated an international design competition in order to attain a "higher standard of design excellence" for their third Melbourne project.

Elenberg Fraser will act as the project's local executive architect.

<h2>412 St Kilda Road application summary</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/image175_0.jpg" rel="gallery-all" title="Artist's impression of The Mayfair. Planning image: ZHA"><img alt="" class="image-article-full-width-580px" height="400" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image175_0.jpg?itok=MYHpWu_h" title="Artist's impression of The Mayfair. Planning image: ZHA" width="580"></a>

<figcaption>Artist's impression of The Mayfair. Planning image: ZHA</figcaption></figure><ul>
<li>Site area: 1,567sqm</li>
	<li>Onsite building completed in 1984</li>
	<li>21 levels above ground at 64 metres tall</li>
	<li>Scheme approved during early 2016 included 182 apartments</li>
	<li>Zaha Hadid Architects design involves158 apartments: 28 x 1BR, 102 x 2BR, 28 x 3BR</li>
	<li>209 car parking spaces and 101 bicycle bays within a nine level basement</li>
	<li>One 62 seat restaurant and one 136sqm cafe</li>
	<li>Ground floor library and lounge plus rooftop amenities area</li>
</ul>
<blockquote>
This application seeks amend that permit to enable removal of the existing building and thereafter, the construction of a new multi-storey residential building in place of and no higher than the existing building. It represents a change in philosophy and approach to the site’s redevelopment; one which seeks to elevate standard of new development from high quality to exemplar.

Ultimately, this proposal represents a further evolution of the existing approval, into a development that will deliver a level of design excellence worthy of its location on Melbourne’s premier Boulevard.
<cite>Zaha Hadid Architects</cite>
</blockquote>

Externally, The Mayfair takes its design cues in the form of crashing waves and the Lorenz attractor; a mathematical system that when plotted resembles a figure eight or butterfly. Flowing lines aside, open balconies replace enclosed wintergardens under the previously approved scheme. The newly submitted proposal is a demolish and build, as opposed to a refit of the existing structure.

Double glazed window systems will sit between each floor, while metal cladding providing the exterior with its shapely appearance.

<h2>What they say</h2>

<blockquote>
The world’s most liveable city remains a key focus for UEM Sunrise. 412 St Kilda Rd reinforces our longstanding commitment to delivering living spaces that resonate with the rich Melbourne culture, following the successful sales of our first two projects in Melbourne – Aurora Melbourne Central and Conservatory.

As with all our projects, we are crafting a luxury apartment offering that will appeal to the most discerning buyer.
<cite>Anwar Syahrin Abdul Ajib, Managing Director / Chief Executive Officer, UEM Sunrise</cite>
</blockquote>

<blockquote>
Engaging Zaha Hadid Architects and Elenberg Fraser for the design of 412 St Kilda Rd will add a legacy building to both St Kilda Road and Melbourne’s skyline that is unmatched by other developments.

412 St Kilda Rd will not only have a unique exterior along one of Melbourne’s grandest boulevards, but will contribute to the activation of St Kilda Road and Bowen Crescent through the creation of a new café and restaurant with direct access from the street level. Furthermore, the development’s location provides direct access to Domain Interchange and the forthcoming Domain station of Melbourne Metro Rail, transporting residents into the CBD and Melbourne’s south.
<cite>Raymond Cheah, Chief Operating Officer (Commercial), UEM Sunrise</cite>
</blockquote>

<blockquote>
We’re extremely thrilled to be working on our first project with City of Port Philip Council. The architectural quality of 412 St Kilda Rd will help to solidify St Kilda Road’s identity as one of Melbourne’s grandest boulevards, increasing the prestige of the address and the surrounding neighbourhood with a sophisticated development.
<cite>Patrik Schumacher, Director, Zaha Hadid Architects</cite>
</blockquote>

<blockquote>
Located on Melbourne’s premier boulevard, 412 St Kilda Rd brings together two internationally renowned architects, Zaha Hadid Architects and Elenberg Fraser, to create a transformative living experience.

Art and design combine to create luxurious spaces, both within the building and surrounding it. UEM Sunrise’s commitment to art and design will deliver a truly unique outcome that will enrich the urban realm.
<cite>Callum Fraser, Elenberg Fraser</cite>
</blockquote>

<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/image172_1.jpg" rel="gallery-all" title="The Mayfair at ground level. Planning image: ZHA"><img alt="" class="image-article-full-width-580px" height="388" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image172_1.jpg?itok=08Xy8psI" title="The Mayfair at ground level. Planning image: ZHA" width="580"></a>

<figcaption>The Mayfair at ground level. Planning image: ZHA</figcaption></figure>Last month tenders for the construction of a dispay suite onsite for The Mayfair closed, signifying UEM Sunrise's ambitions in pushing through with the project as soon as practically possible.

To date, Zaha Hadid Architects' sole approved Melbourne project is 582-606 Collins Street. The $300 million tower for developer Landream sees 420 dwellings and 10,000sqm of office/retail space spread over 54 levels; no word has emerged as to when the Collins Street project will become reality.

Seen below right is another recent Zaha Hadid Architects design for 254-260 La Trobe Street, with Landream also behind the project. The stunning design though seems to be little more than an unrealised project.

<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/image178_0.jpg" rel="gallery-all" title="The firm's previous Melbourne works. Images: ZHA"><img alt="" class="image-article-full-width-580px" height="361" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image178_0.jpg?itok=-j0g-Zrj" title="The firm's previous Melbourne works. Images: ZHA" width="580"></a>

<figcaption>The firm's previous Melbourne works. Images: ZHA</figcaption></figure><h2>412 St Kilda Road development team</h2>

<ul>
<li>Developer: UEM Sunrise</li>
	<li>Design Architect: Zaha Hadid Architects</li>
	<li>Local Architect: Elenberg Fraser</li>
	<li>Town Planner: SJB</li>
	<li>Structural and Civil: Webber Design</li>
	<li>Building Services: Murchie Consulting</li>
	<li>Façade Engineer: BG&amp;E</li>
	<li>Wind Engineer: MEL Consultants</li>
	<li>Traffic: Traffix</li>
	<li>Acoustic: Vipac</li>
	<li>Waste Management: Leigh Design</li>
	<li>Quantity Surveyor: WT Partnership</li>
	<li>Building surveyor: PLP</li>
	<li>Fire Engineer: Umow Lai</li>
	<li>Land Surveyor: Bosco Jonson</li>
	<li>Lighting: NDY</li>
	<li>Geotech: Golders</li>
	<li>ESD: Inhabit</li>
</ul>
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Zaha Hadid Architects land on St Kilda Road

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Apartment and unit owners in Victoria are being urged to be on the lookout for a new wave of crime aimed at the $1.2 trillion strata sector.
Recent reports have confirmed letterboxes outside apartment blocks have been targeted by criminals believed to be working for international crime syndicates, in a massive identity theft scheme.
And according to one of Australia’s largest body corporate management companies, it is a problem on a national scale.
Ace Body Corporate Management (Ace) provides body corporate management service to over 60,000 strata property lots nationwide.
They say cases observed by their team around the country, require a vigilant response from apartment and unit owners in Victoria.
Ace chief executive officer Stephen Raff said with the holidays fast approaching, we urge apartment and unit owners to do whatever they can to prevent letterboxes being broken into.
“We are about to come into a period where owners are away for days and weeks on end, leaving mail sitting in their letterboxes, and without a suitable response, the door is open for this issue to worsen.”
Letterbox theft has been a problem for years but NSW Fraud and Cybercrime Squad detectives say they have established direct links between international identity thieves and the large-scale theft of residential mail, and with several cases in hand of this being a national problem, Mr Raff urges authorities in all regions to give the issue proper attention.
“Stolen mail isn’t a new issue for property owners and police to worry about, but it’s the huge impact that identity theft can have in the digital age that should prompt swift action.”
“We put a call out for feedback within our team of body corporate managers around the country, and the response was astounding, as to the scale of the issue.”
“Managers in Melbourne’s Southbank precinct speak of ‘weekly’ occurrences of strange activities being caught on CCTV outside of their property’s mailboxes.
Team members in Perth are currently dealing with one building over 40 lots having their mailboxes secured after a recent break in and the list goes on.”
“There is no doubt in our mind that this should be priority number one for owners corporations in planning for the holiday period ahead, and we hope to see a real push towards seeing this issue investigated by police as well.”
Mr Raff says for an issue with such complicated links, the steps owners corporations can take are rather simple and being vigilant now will save the pain of crime affecting communities later.
“In terms of a plan the SAFER guidelines by Epsilon are the simplest and most effective ways for strata communities to protect their property and occupants from crime.
“Security audits, Adaptive design, Fool-proof planning, Efficient installation and Regular maintenance are the simple, affordable steps in this process and we encourage all communities to consider adopting this plan prior to the Christmas holidays.”
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Property 101: Apartment and unit owners in Victoria urged to boost securty due to email thefts

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GUEST OBSERVER
Although the Strata Schemes Development Act 2015 does not yet have a commencement date, Part 10 of the Act, the part dealing with strata renewal is the topic of much discussion. Specifically, lot owners and owners corporations have been asking what is the process for strata renewal?
Note: we use the term strata renewal for both a collective sale (lot owners agreeing to sell to a developer) and a collective redevelopment (lot owners agreeing to refurbish the building and potentially build additions).
Once Part 10 of the Act comes into effect the process is as follows:
Anyone (it does not have to be a lot owner) can give a written proposal to the owners corporation (OC) for a collective sale or redevelopment of the strata scheme. The proposal cannot be the same as, or substantially similar to, a proposal that lapsed within the previous twelve months.
The executive committee (soon to be the strata committee (SC)) must consider the proposal at a meeting no later than 30 days after it is received. There are two options at this meeting:
If the SC decides the proposal warrants further consideration it must no later than 30 days after the meeting convene a general meeting to consider the proposal.
If the SC decides the proposal is not worthy of consideration the proposal will lapse unless lot owners with at least 25% of the unit entitlements of the scheme request the proposal be considered at general meeting.
Assuming the proposal has been deemed worthy of consideration or there has been a qualified request, the OC at general meeting must decide whether the proposal warrants further consideration. This is an ordinary resolution meaning a simple majority is required to pass it.
If the OC decides the proposal is worthy of consideration it:
<ul>
<li>Must establish a strata renewal committee to prepare a strata renewal plan (ordinary resolution required);</li>
<li>Must elect members of the strata renewal committee (ordinary resolution required &amp; note there are eligibility requirements);</li>
<li>May provide the strata renewal committee with a budget to develop the proposal; and / or</li>
<li>May authorise the strata renewal committee to engage professional advisers to assist it in developing the proposal;</li>
<li>If the OC decides the proposal is not worthy of consideration it lapses.</li>
</ul>
Assuming the OC decided the proposal was worthy and elected a strata renewal committee, that committee is to prepare a strata renewal plan. The committee will operate for one year unless it is either dissolved by the OC or the OC by special resolution, votes to extend its time frame. The contents of a strata renewal plan are prescribed and include provision for compensating dissenting lot owners.
Once the committee has a strata renewal plan to its satisfaction it must put it to the OC at general meeting for approval. The OC must, by special resolution, decide whether or not to give the plan to lot owners for their consideration.
If the OC specially resolves to put the plan (or an amended plan) to lot owners for their approval:
<ul>
<li>A copy of the strata renewal plan must be provided to all lot owners within 14 days plus any information prescribed by the regulations, then</li>
<li>A minimum of 60 days after receipt of the strata renewal plan, lot owners may provide a support notice stating they support the plan. It must be signed by each owner and registered mortgagee or covenant chargee of the lot.</li>
<li>A minimum of 75% of lot owners must return a support notice (and not withdraw it) for the strata renewal plan to proceed. If the required support is not received within three months the plan lapses.</li>
</ul>
If the OC decides not to put the strata renewal plan to the lot owners then it may either:
<ul>
<li>resolve (ordinary resolution) to amend the strata renewal plan and put that plan to the lot owners instead: or</li>
<li>resolve (ordinary resolution) to return the strata renewal plan to the strata renewal committee for amendment; or</li>
<li>if it does neither and does not pass the special resolution to put the strata renewal plan to the lot owners, the plan lapses.</li>
</ul>
Assuming 75 percent of lot owners return (and do not withdraw) a valid support notice within the three month period the OC must:
<ul>
<li>provide notification to the Registrar General and each lot owner within 14 days of being advised the required support has been obtained.</li>
<li>meet and resolve to apply to the Land and Environment Court for orders to give effect to the strata renewal plan.</li>
</ul>
If the OC decides (by ordinary resolution) to apply to the Land and Environment Court the OC must provide notice of the decision to do so to all tenants within 14 days.
The Land and Environment Court must review the strata renewal plan and go through a hearing process to consider whether to make orders to give effect to it. The Act prescribes factors that the Court must consider including the relationship between the owners of lots and the purchaser or developer, steps taken in preparing the plan including whether the required notices were served, the compensation value to be paid to dissenting lot owners and the proposed distribution to supporting lot owners. Lot owners (and specified others) may file objections to the application to the Land &amp; Environment Court and be joined to the proceedings.
As you can see, even a summary shows that this is a complicated process. We recommend seeking legal advice before embarking along this path.
Also please note that compensation is problematic. If the plan is for a collective sale it must provide for each dissenting lot owner’s lot to be purchased at not less than the compensation value for the lot. If the plan is for a redevelopment it must provide for each dissenting lot owner’s lot to be purchased at not less than the compensation value of the lot.
The compensation value for a lot is based on section 55 of the Land Acquisition (Just Terms Compensation) Act 1991. This Act however primarily relates to compensating land owners for compulsory acquisition by statutory authorities which arguably has a different effect when used in valuing the lot of a dissenting owner.
The “highest and best use” which is used to determine market value of the dissenting lot owners lot would likely not be the same as the highest and best use that a developer could put that lot to. Section 55 does however allow a component for disturbance in calculating the compensation value. This is likely to include stamp duty, legal costs and relocation fees but may not include costs such as the liability from terminated leases.  We believe this will be an area that is much disputed.
If you or your scheme are potentially looking at a strata renewal program you may find the report “Renewing the Compact City” by UNSW’s City Futures Research Centre of interest. The link to the report is <a href="https://cityfutures.be.unsw.edu.au/research/projects/renewing-the-compact-city/" target="_blank">here</a>.
<div class="entry-content">
Allison Benson is legal practitioner director, Kerin Benson Lawyers and can be contacted <a href="https://kerinbensonlawyers.com.au/">here</a>.
</div>
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jchancellor-FAypfDUnLy

Property 101: Highest and best usage compensation under new NSW strata laws will be problematic

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It has arguably been a long time coming. Key suburbs across Melbourne's western region are beginning to unlock some of their development potential as a raft of new projects come to the fore.

Whether they be commercial or residential, the new projects are a sign that Melbourne's western suburbs are front and square in the collective minds of many developers.

<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/image139_1.jpg" rel="gallery-all" title="Metrowest's initial build. Image: ABD Group"><img alt="" class="image-article-full-width-580px" height="346" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image139_1.jpg?itok=b_Y7tu8C" title="Metrowest's initial build. Image: ABD Group" width="580"></a>

<figcaption>Metrowest's initial build. Image: ABD Group</figcaption></figure>The team behind Sunshine's Metrowest development have taken the project's remaining two towers back to planning with the intention of increasing the overall yield. The called for amendments to the existing planning permit and endorsed plans would see 13 and 15 storey buildings created, with a combined 229 apartments in tow; this is an increase of 76 dwellings over the approved plans.

13 retail premises covering a combined 1,040sqm and 232 car parking spaces are expected for the project which fronts Foundry Road. The revised plans see CHT Architects create dual buildings with a similar architectural expression to the initial phase, which is pictured above.

That initial phase consisted of an 8 storey building with 116 apartments, built by ABD Group.

<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/image133_0.jpg" rel="gallery-all" title="Gray Puksand's Sunshine commercial development"><img alt="" class="image-article-full-width-580px" height="230" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image133_0.jpg?itok=i75Q5fb8" title="Gray Puksand's Sunshine commercial development" width="580"></a>

<figcaption>Gray Puksand's Sunshine commercial development</figcaption></figure>ABD Group features once more in Sunshine, having just broken ground on a new commercial building which will provide accommodation for VicRoads.

Crestwood Developments is behind the new 7 level complex at 10-14 Clarke Street and 9-13 Withers Street, which will see 7,500sqm of premium commercial space created within a total gross floor area of 13.500sqm. At a cost of $20 million, they Gray Puksand-designed complex also includes capacity for 150 vehicles.

<blockquote>
This office building was designed for Crestwood Developments to engage and excite the residents of Sunshine, whilst providing quality workspace to VicRoads.

Located on a critical axis and an island site the building was designed as an element to be viewed from all aspects. The façade is sculptural, inspired by a circuit board wrapping all sides in white precast concrete. The wrapping façade flares out to the west and east to provide a sense of openness and activity on these important frontages for pedestrian activation.
<cite>Gray Puksand</cite>
</blockquote>

<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/image136_0.jpg" rel="gallery-all" title="The Kinnears display alongside initial development imagery"><img alt="" class="image-article-full-width-580px" height="267" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image136_0.jpg?itok=UMMjA3_T" title="The Kinnears display alongside initial development imagery" width="580"></a>

<figcaption>The Kinnears display alongside initial development imagery</figcaption></figure>Also spotted in nearby Footscray is a display suite for the massive Kinnears redevelopment.

Located at 124-188 Ballarat Road Footscray, Elenberg Fraser has designed multiple towers across the sprawling land holding. The initial masterplan called for developer R&amp;F Properties to deliver approximately 1,400 apartments over various stages.

The project headed to VCAT earlier in 2016 with Maribyrnong City Council electing not to approve the company’s masterplan proposal for the 3.3 hectare site. With an imminent project launch, Kinnears will surpass Growland's <a href="/news/growland-group-readies-joseph-place-as-footscrays-next-super-project">Joseph Place</a> as the suburb's largest active apartment development.

<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/image143_0.jpg" rel="gallery-all" title="Werribee continues to garner development attention"><img alt="" class="image-article-full-width-580px" height="345" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image143_0.jpg?itok=oYjrBcCG" title="Werribee continues to garner development attention" width="580"></a>

<figcaption>Werribee continues to garner development attention</figcaption></figure>The above comes as Werribee is well on the way to backing up its intentions of becoming the CBD of Melbourne's west. Last week Wyndham City officially signed agreements to develop four separate development sites in the Werribee City Centre.

Project Delivery Agreements have been signed with The Burbank Group and Pelligra, with the latter's intended nine level commercial building already at planning. At 37-43 Cherry Street, Pelligra intend for the building to include 5,000sqm of office space and hundreds of new car parking spaces, within a building spanning 32 metres in height.

The Burbank Group on the other hand now has the ability to create multiple residential towers on key sites facing Werribee River. Towers of up to 20 levels have been envisaged.

Also on the radar for Werribee is a mixed-use project on Watton Street, with the above left image appearing on Probus Built's website. Should it come to fruition, 195 Watton Street could include 49 apartments, 40 offices and three retail spaces within a 12 level building valued at $55 million.
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