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

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The growing number of available apartments for-lease in Sydney; should send shivers down the spines of newbie investors that bought off-the-plan.
Not to mention, the investors that bought due to, fears of missing out (FOMO) and being pressured from so called financial-advisors (so called experts), the spruikers.
Unfortunately, this problem of oversupply and the lack of tenants won’t go away over the next few years, if not longer. Not even if you drank a few strong coffees and all to quell your fears.
Recent mainstream reports, are already talking about 200,000 new dwellings yet to be built and all coming to completion within the next 24 months.
Below is a preview of the growing local Sydney vacant-apartment market, in some of our suburbs. (Data sourced from leading property portal adds)
Tips on how to get your apartment tenanted, in a market of growing apartment-rental oversupply.
If you are one of the unfortunate investors, in any one of these apartment blocks or areas where there is a vast amount of vacancies; take these simple steps to have your property leased quicker than the others:
<ul>
<li>Insist on obtaining access to your unit prior to settlement: to take internal photos for advertising and to show the property to prospective tenants.</li>
<li>If you bought through an agency or marketing-company, note that this same company sold to a lot of other investors: therefore, list your property with a local property management agent (PM), they will focus more on your property.</li>
<li>Find out from the selling agents/marketing company, how many apartments are available for lease in your block. This information will give you a clear idea of the rental price offering: therefore, don’t be scared to be the first to drop the asking price in the block, if required.</li>
<li>Make sure your agent is aggressive. When you have 11-15 property managers on a building site and all waiting for potential tenants at the open: you need an agent that can move fast and one that is not shy.</li>
</ul>
Signs of the times
Our greater audience and readers, will no doubt have more tips on what to do. The four tips shared above, have worked well for our team, in the past and lately. Feel free to share.
The sooner your PM team has access to the unit, the better chance you have of renting your property and at a good price.
Recent experience
Our team has just leased a unit in a complex of 270 apartments. The team found out that there are approximately 256 available for rent; sold to investors that is. Our PM spoke to the landlord and he quickly put in place the tips shared above.
The leading selling agency and other PM agencies advertised at $620+/week on like units, for-lease. Our PM advertised the unit for $620 and on the day of the open: he scheduled for an early morning open, but he still had 10 other PM agents alongside offering their landlord's apartments.
When a tenant approached the group and walked around the building; our PM walked up to him, asked if he was after a rental. After discussions with the Landlord and further ongoing checks and balances from our team; they signed the tenant on a 12 month lease and for $600/week.
Two weeks on, and you will now see on the property portals and in the same building, adds for like apartments at $520-$580/week.
I dare say, there is probably another 150-220 apartments still available for lease in that complex.
 
EDWIN ALMEIDA is licensee in charge of <a href="https://www.just-think.com.au/" target="_blank">Just Think Real Estate</a>.<a href="https://www.just-thin.com.au/"> </a>
He is also the creator of <a href="https://www.youtube.com/user/JustThinkProperty" target="_blank">Oz Real Estate.TV</a> and a presenter for <a href="https://propertyinvestingvault.com/" target="_blank">propertyinvestingvault.com</a>.
 
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ealmedia-arK4DBYLjS

The rise and rise of Sydney rental apartments: Edwin Almeida's warning to landlords

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Cremorne-based Spacious Property Group have teamed with Hayball to create the developer's next two apartment projects.

Pending approval, St Kilda and West Melbourne will house the respective mid-rise projects, adding to Spacious Property Group's sole current Melbourne project located opposite Blackburn Station.

The St Kilda project involves a 2,110sqm site at 54-60 St Kilda Road which the developer secured at the turn of the year for a reported $13.7 million. The current low-rise commercial complex will make way for a 10 storey residential building holding 103 dwellings, including apartments, townhouses and three bedroom penthouses.

 504sqm of retail space is spread across the design's St Kilda Road frontage, whilst the facade features an urban lighting installation involving colour-programmed LED luminaires set behind perforated vertical metal screens.

 54-60 St Kilda Road adds to the recent upswing of apartment projects at St Kilda Junction; the largest of which is a 28 level tower slated for <a href="/new-apartments/8-12-punt-road-st-kilda">8-12 Punt Road.</a>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image13_8.jpg" rel="gallery-all" title="54-60 St Kilda Road. Planning image: Hayball"><img alt="" class="image-article-full-width-580px" height="356" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image13_8.jpg?itok=TrhvmW1P" title="54-60 St Kilda Road. Planning image: Hayball" width="580"></a>

<figcaption>54-60 St Kilda Road. Planning image: Hayball</figcaption></figure>In West Melbourne, Spacious Property Group is attempting to pass its site through planning once more, post the rejection of an initial attempt for a <a href="/news/planning-application-488-494-la-trobe-street-west-melbourne">32 level residential tower</a>. The site at 488-494 La Trobe Street is back at planning with Hayball undertaking the revised design process that has now asked for a more modest 19 levels.

Within the tower 118 apartments are sought with one, two and two plus study options included. Two retail tenancies are at ground level, whilst 95 bicycle and 28 car parking spaces are located within a solitary basement level.

On its initial planning pass, <a href="https://www.propertyobserver.com.au/http://www5.austlii.edu.au/au/cases/vic/VCAT/2015/1895">VCAT provided</a> the following assessment on the initial 32 level version:

<blockquote>
We conclude that the proposed building is not an acceptable design response to it physical and policy setting due to its overall height, massing and lack of side or rear setbacks. We consider these are inconsistent with its existing and preferred character setting.

We do not seek to determine what an appropriate response is for this site as this is not our role. However, based on our concerns about visual bulk and direct amenity impacts we note that even if the height of the building was significantly reduced (even below 40 metres) it would not resolve our concerns about the direct building interface on boundary to the north and east or concerns with internal amenity.
</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/image10_7.jpg" rel="gallery-all" title="The revised 488-494 La Trobe Street. Planning image: Hayball"><img alt="" class="image-article-full-width-580px" height="412" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image10_7.jpg?itok=dXE3QQGw" title="The revised 488-494 La Trobe Street. Planning image: Hayball" width="580"></a>

<figcaption>The revised 488-494 La Trobe Street. Planning image: Hayball</figcaption></figure>Spacious Property Group's Melbourne development pipeline is rounded out with 55-65 Railway Road, Blackburn. Purchased by the developer with a planning permit in place, the project was quickly taken to market under the moniker of <a href="/buildings/boardwalk-55-railway-road-blackburn">Boardwalk Blackburn</a>.

The CHT Architects-designed development sees 33 apartments set above 7 retail tenancies over a 1,475sqm triple fronted site. Orange Building Solutions currently have the project above ground with construction with a likely finish date approaching the new year.
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silvermb

Spacious and Hayball team up to create two new residential projects

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After more than a decade of development activity within the Victoria Gardens precinct, Salta Properties is poised to launch their latest residential project within the precinct that will account for the bulk of the former MFB training college site.

Park House will add a further 539 apartments into the priority development zone which Salta has all but made its own. Fronting Victoria Street, Walmer Street and the Yarra River, Park House is also one of the final development sites in play along the Yarra River in the precinct.

The Victorian Government is in the process of introducing tighter planning controls for the Yarra River, with the aim of better managing development along its banks.

Completed during 2003, Victoria Gardens Shopping Centre has acted as a catalyst for the precinct, with Salta Properties subsequent development activity focused on mid-rise residential and commercial projects. Situated on a portion of the former MFB training college site which spans 17,000sqm, Park House also continues the long-standing association between developer and design practice SJB Architects in the area. 

<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/image5ph.jpg" rel="gallery-all" title="Victoria Street perspective of the new development. "><img alt="" class="image-article-full-width-580px" height="431" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image5ph.jpg?itok=i-93FEtm" title="Victoria Street perspective of the new development. " width="580"></a>

<figcaption>Victoria Street perspective of the new development.</figcaption></figure>Similar to the adjoining Green Square development, Park House's footprint has been arranged around a large internal garden with adjoining communal facilities in tow.

Park House will see a mass of amenities folded into the project, including a home theatre, golf simulator, bike workshop, children's playroom and library. These are in addition to traditional features such as a gym, pool and lounge.

Likely owing to its proximity to the Yarra, Park House also sees a higher degree of landscaping and active frontages than adjacent projects. Walmer Street will be remodelled into a piazza of sorts while Park House's frontage to the Yarra River will be broken by terraced greenery.

<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/image7ph.jpg" rel="gallery-all" title="Amenities on show within Park House"><img alt="" class="image-article-full-width-580px" height="555" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image7ph.jpg?itok=3mwuPsoT" title="Amenities on show within Park House" width="580"></a>

<figcaption>Amenities on show within Park House</figcaption></figure>The arrival of Park House follows on from the recent completion of Salta's A Place To Live with 61 apartments included. The developer's previous projects within the precinct include 400 apartments and 96 serviced apartments within Green Square and a further 355 apartments within RAPTL.

Salta has also built 35,000 square metres of commercial space at Victoria Gardens.

The recent VCAT approval of 649 Victoria Street adds to Salta's forthcoming projects within the precinct, as do a number of development sites east of Victoria Garden

Salta Is also placed to further deliver additional higher density living to a site south of Victoria Gardens. Dubbed Burnley Terrace, concept designs show an outcome as high as 20 levels for the site. Eventually Salta can expect to develop in excess of 2,000 apartments in the precinct.

<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/untitled-3.jpg" rel="gallery-all" title="Previous Salta projects along Burnley street. Image: Salta Properties"><img alt="" class="image-article-full-width-580px" height="306" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/untitled-3.jpg?itok=hRhIq3Bd" title="Previous Salta projects along Burnley street. Image: Salta Properties" width="580"></a>

<figcaption>Previous Salta projects along Burnley street. Image: Salta Properties</figcaption></figure>
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Park House adds to the Victoria Gardens precinct

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The latest prospective Fishermans Bend entrant to be unveiled comes in the form of a peckvonhartel-designed 41 storey apartment tower, with a unique corten steel sculpture worked into the design.

Successfully delivering projects for over 35 years, peckvonhartel are an established Melbourne presence although their forays into high-rise design are few and far between. Subject to their design is the former Laycock Son and Co. woollen mills, otherwise known as Laconia Woollen Mills at 179-185 Normanby Road.

Located within Montague Precinct, the 3,439sqm Laconia Woollen Mills buildings is under the control of Normanby Group Holdings Pty Ltd, who are seeking a tower positioned to the rear of the large site.

<h2>179-185 Normanby Road, Southbank 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/image19_9.jpg" rel="gallery-all" title="Street level perspective of the intended tower.Planning image: peckvonhartel"><img alt="" class="image-article-full-width-580px" height="848" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image19_9.jpg?itok=uw8UudK1" title="Street level perspective of the intended tower.Planning image: peckvonhartel" width="580"></a>

<figcaption>Street level perspective of the intended tower. Planning image: peckvonhartel</figcaption></figure><ul>
<li>Application submitted: 27/05/2016</li>
	<li>Laconia Woollen Mills site area: 2,008sqm</li>
	<li>Proposed 41 storey tower at 149.8 metres</li>
	<li>291 apartments: 56 x 1BR, 176 x 2BR, 59 x 3BR</li>
	<li>4003.75sqm of commercial office space &amp; one retail space at 404.12sqm</li>
	<li>191 car parking spaces including 45 commercial spaces (existing)</li>
	<li>191 bicycle parking spaces including 32 commercial spaces and 11 commercial visitor spaces</li>
	<li>842.43sqm of communal space</li>
</ul>
<h2>Internal inclinations</h2>

Internal areas for the project see the following: one-bedroom apartments range between 50sqm-52sqm, two-bedroom apartments range between 70sqm-94sqm and three-bedroom apartments weigh in at between 84sqm-128sqm.

City of Port Phillip have noted in their preliminary report on the application that the 20% of dwellings are dedicated toward three-bedroom dwellings, which far exceeds Council's preference of at least 10% of apartments contain three bedrooms.

Conversely Council also note that no affordable or social housing is proposed as part of the application. The Fishermans Bend Strategic Framework Plan states that for developments containing 200 or more dwellings, an affordable housing component should be considered.

<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/image20_5.jpg" rel="gallery-all" title="Landscaped external terrace atop the Laconia building. Planning image: peckvonhartel"><img alt="" class="image-article-full-width-580px" height="230" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image20_5.jpg?itok=oiSktnX8" title="Landscaped external terrace atop the Laconia building. Planning image: peckvonhartel" width="580"></a>

<figcaption>Landscaped external terrace atop the Laconia building. Planning image: peckvonhartel</figcaption></figure>Internally, peckvonhartel's design features multiple communal facilities which include lounge rooms over level 11, a cinema room, gym, children's playroom and an expansive rooftop area above the Laconia Woollen Mills building.

<h2>Corten of contention</h2>

Externally 179-185 Normanby Road would also see works to the public realm on Doran Street, with road narrowing and the delivery of planters, timber decking areas and timber pergolas.

Most notable is the corten steel sculpture that sits between the existing and proposed buildings, and shapes as a relief from typical Fishermans Bend proposals which see scant few sculptural features design into prospective buildings.

City of Port Phillip have raised concerns that both the sculpture and tower would overwhelm the existing Laconia Woollen Mills building which is subject to a heritage overlay. Also falling foul of City of Port Phillip officers is the proposal's lack of connection between Woodgate Street and Doran Street, inactive podium facing Doran Street and the impractical nature of the public works proposed.

In 179-185 Normanby Road's current form Council officers have recommended that Council advise the Minister that it does not support the application as proposed.
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Corten of contention: peckvonhartel's new Fishermans Bend tower in focus

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Little more than a week after <a href="/news/clifton-hill-in-for-a-dose-of-the-high-life-with-17-levels-planned">unveiling plans for Queens Parade's first high-rise</a>, Apartments.com.au can report on a second intended tower expected to grace the thoroughfare.

Prevalent local developer Gurner has gone to planning with a substantial proposal for 26-56 Queens Parade, seeking approval for a 16 level apartment tower over what is now a low-rise commercial premises.

476 dwellings are called for over the 8,500sqm site which is close to both Alexandra Parade and Brunswick Street. Purchased off-market by Gurner during January for in excess of $40 million, the estimated cost of the project is nominated as $85 million.

Sited with City of Yarra’s Gasworks Precinct, the current building is highly recognisable due to its pink façade, and holds a 120m frontage to Queens Parade.

It's been reported that Gurner has approached one international and three Australian architecture firms in a competitive design process with an aim of delivering a high quality built form outcome onsite. Which architect has the task of delivering the design remains to be seen.

<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/ftznorth.jpg" rel="gallery-all" title="The site in question. Image: GURNER"><img alt="" class="image-article-full-width-580px" height="266" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/ftznorth.jpg?itok=RECS0DCE" title="The site in question. Image: GURNER" width="580"></a>

<figcaption>The site in question. Image: GURNER</figcaption></figure>Factoring in those projects at planning or with planning approval, and apartment living is set to take hold along Queens Parade. Gurner, Salta Properties, Wulff Projects and TLC Aged care as noteworthy developers active along Queens Parade, with as many as 1,000 new dwellings in the pipeline.

Nearby and the sizeable former 4-hectare Gasworks site is <a href="http://www.smh.com.au/business/property/fitzroy-gasworks-back-in-play-20160426-gof0pl">speculated to be heading toward development</a>, with Places Victoria looking to facilitate change over the underutilised land.

The only recent apartment development of note to grace Queens Parade is Graphite at 58 Queens Parade. Developed by BPM, Graphite was completed during 2015 and sees 46 apartments over 5 levels.

<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/image58_2.jpg" rel="gallery-all" title="Spanish Club's intended transformatiom. Image: Warren and Mahoney"><img alt="" class="image-article-full-width-580px" height="406" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image58_2.jpg?itok=c5CD1MFb" title="Spanish Club's intended transformatiom. Image: Warren and Mahoney" width="580"></a>

<figcaption>The Spanish Club's intended transformation. Image: Warren and Mahoney</figcaption></figure>26-56 Queens Parade's 476 dwellings are in addition to Gurner's seven projects found within the Apartments.com.au Project Database, which amount to some 670 apartments.

Of those, 375 apartments are under construction by way of 107 Cambridge Street, Ikebana and 24-28 Stanley Street. 74 Eastern Road is awaiting construction after a successful sales campaign while 278-282 Kings Way, 7 Bowen Crescent and The Spanish Club at 57-61 Johnston Street are also at planning.

Gurner was also tied to <a href="https://developmentsites.melbourne/footscray/1-warde-street">1 Warde Street, Footscray</a> with the site which carries approval for 388 apartments now offered for sale with CBRE City Sales.
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Doubling up on Queens Parade as Gurner seeks approval for 476 dwellings

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A development consortium is hoping that a Clifton Hill site which recently went into planning will ultimately become the suburb's first high-rise building.

Plans for 249-261 Queens Parade were lodged with City of Yarra during May for a 17 storey tower of a consisting predominantly of apartments. The small stretch of Queens Parade abutting Hoddle Street has seen a limited number of mid-rise projects thus far, but nothing of the scale which has been designed for 249-261 Queens Parade.

With a development cost of approximately $30 million, 129 dwellings are designed to sit above ground level retail, with two basement levels also included.

Development Manager Wulff Projects carry the following description of the project on their website:

<blockquote>
Neighbouring the Patch Apartments, these adjoining sites were acquired separately and off-market by Wulff Projects on behalf of the Joint Venture comprising Wolf Capital and Salta Properties. Currently, over 100 apartments are planned, striving to be an exemplar of high quality design and all with high level amenity and priority ESD consideration.

This development is expected for completion in 2018.
</blockquote>

The two sites in question are 265 Queens Parade at 310sqm and 249-261 Queens Parade covering 885sqm. <a href="http://www.colliers.com.au/news/2015/off---market-sales-heat-up-in-clifton-hill/#.V4IUB7h9670">According to Colliers</a> the combined purchase price for the land parcels was $8.5 million.

<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/image9_7.jpg" rel="gallery-all" title="Colliers graphic for Queens Parade"><img alt="" class="image-article-full-width-580px" height="405" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image9_7.jpg?itok=oAkGs9kW" title="Colliers graphic for Queens Parade" width="580"></a>

<figcaption>Colliers International graphic for Queens Parade</figcaption></figure>Formerly light industrial, the eastern side of Queens Parade is gradually being repurposed as higher density development. 

The green plot seen in the Colliers International graphic above relates to Salta Properties and Wolf Capital's planned 17 level tower whilst the mustard site holds approval for an 11 level project at 243-247 Queens Parade. Dubbed <a href="http://patchapartments.com.au/">Patch Apartments</a>, a project website for the development is still operational.

Seen in orange above is aged care provider TLC's site for a 10 level integrated care hub at 217-241 Queens Parade. With revised plans submitted during January, Yarra City Council have the application listed as having a Notice of Decision; the final step prior to a planning permit being granted.

205-211 Queens Parade also shapes a future development with Colliers International recently running a campaign for the 1,440sqm land holding. 

<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/image10_6.jpg" rel="gallery-all" title="243-247 Queens Parade and 217-241 Queens Parade"><img alt="" class="image-article-full-width-580px" height="335" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image10_6.jpg?itok=JrMMHsL3" title="243-247 Queens Parade and 217-241 Queens Parade" width="580"></a>

<figcaption>243-247 Queens Parade and 217-241 Queens Parade. Images: Fieldwork Projects &amp; Baldasso Cortese</figcaption></figure>
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Clifton Hill in for a dose of the high life with 17 levels planned

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Local and international developers now have the opportunity to run the ruler over what is one of Melbourne's largest permitted CBD development sites. 299 King Street has been placed on the market in the knowledge that it is one of the last remaining super-sized developments within Melbourne's CBD that was not subject to evised planning rules which were introduced during 2015.

Dubbed <a href="http://www.kingstowermelbourne.com.au/">Kings Tower</a>, the 208 metre residential scheme design by Plus Architecture looms as a trophy purchase for the eventual buyer, with CBRE Melbourne City Sales handling the campaign.

Included within the approved 66 level envelope are 400 plus dwellings above a podium featuring a variety of communal uses and provision for both car and bicycle parking. CBRE Melbourne City Sales expect that the eventual buyer may proceed with the residential scheme as is, or introduce other uses such as a hotel, serviced apartments and/or student accommodation, subject to Council approval.

<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/king_street_chinese_v2_cl_02.jpg" rel="gallery-all" title="Kings Tower as rendered from street level. Image: CBRE City Sales"><img alt="" class="image-article-full-width-580px" height="1305" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/king_street_chinese_v2_cl_02.jpg?itok=cBFdY6DW" title="Kings Tower as rendered from street level. Image: CBRE City Sales" width="580"></a>

<figcaption>Kings Tower as rendered from street level. Image: CBRE City Sales</figcaption></figure><h2>What they say</h2>

<blockquote>
Only four major development sites have come to the market in 2016, and we are seeing a major uptick in demand from offshore developers who have been waiting for quality sites to become available.

After receiving planning approval, the vendor received several private approaches by local and offshore groups, and has subsequently decided to offer the property to the open market.
<cite>Josh Rutman, Director, CBRE Melbourne City Sales</cite>
</blockquote>

<blockquote>
It is interesting to observe the ongoing appetite from Asia for high profile development sites. We have seen almost $300 million of development site sales in Melbourne over the past two months, some with planning approval and others without.
<cite>Mark Wizel, Senior Director, CBRE Melbourne City Sales</cite>
</blockquote>

<blockquote>
A lot of the developments in the area are very rectangular," she said. "King Street is a main arterial road for people passing through the CBD and although this building is not at the edge of the CBD grid, it's close enough that it becomes a beacon travelling from the north and south.
<cite>Jessica Liew, Director, Plus Architecture</cite>
</blockquote>

<a href="/news/planning-application-295-309-king-street-melbourne">First appearing on Urban.com.au in early 2015</a>, 299 King Street's design impetus came chiefly from Constantin Brancusi's Bird in Space, Alvar Aalto's Savoy Vase and the iridescent nature of a bubble which captures the reflection and refraction of light waves via its surface. The resultant approved design features pearlescent façade would produce a pink, bluish, purple effect depending on how light is cast over the tower.

The tower also incorporates curvaceous lines with a bulge in form toward its peak, providing it with a point of difference in relation to many of the nearby buildings.

At a floor space ratio of almost 40:1, 299 King Street is an unrepeatable design, with the pending implementation of new planning controls seeing a ratio of 18:1 blanket the CBD and Southbank, although there is limited scope for an increased ratio subject to public benefit clauses.

<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/image3299.jpg" rel="gallery-all" title="Kings Street frontage. Image: CBRE City Sales"><img alt="" class="image-article-full-width-580px" height="758" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image3299.jpg?itok=p83UOyFk" title="Kings Street frontage. Image: CBRE City Sales" width="580"></a>

<figcaption>Kings Street frontage. Image: CBRE City Sales</figcaption></figure>Located in the CBD's western precinct, Kings Tower is set to add to the continued transformation of the area, which has seen elevated levels of development over the last decade. Upper West Side and the pending delivery of West side Place which includes Melbourne's first Ritz-Carlton underline the degree of change seen within the western precinct.

CBRE Melbourne City Sales have cited government data within their sales material, showing that an estimated 45,000 new dwellings are required in the inner city over the next 15 years to accommodate population growth.
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A king sized opportunity presents itself in the CBD

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The development team behind Southbank's Monarch Tower have positioned the new project at the higher end of the apartment market, far from some of the projects which surround the mixed-use development.

Representatives of Altus Development, Moull Murray Architects and Bella Charlton recently spoke with Apartments.com.au prior to the project's launch, discussing the all-encompassing task of positioning the permium tower in a location where distingiushing one project from another can be difficult.

Post securing the site, Moull Murray Architects were tasked with refashioning the tower whilst remaining within the approved envelope. With the majority of projects nearby appearing as generic blocks, a high degree of variation was employed over Monarch Tower's facade, moving it aesthetically beyond its neighbours.

<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/image66_2.jpg" rel="gallery-all" title="Monarch Tower hero perspective. Image: Altus Development"><img alt="" class="image-article-full-width-580px" height="829" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image66_2.jpg?itok=68cIhmcn" title="Monarch Tower hero perspective. Image: Altus Development" width="580"></a>

<figcaption>Monarch Tower hero perspective. Image: Altus Development</figcaption></figure><blockquote>
The new architectural treatment, reinforces the tall, slender nature of the approved development envelope with an emphasis on vertical forms. The proportions of the tower have been treated In the classic sky-scraper tradition of a base, middle tower, and expressed top.

The podium utilises a grid framework to set up visually scaleable proportions that relate to the streetscape as well as the pattern overlaid on the tower facade. The podium is veneered with apartments on both frontages to reinforce a sense of human interaction with the public realm.
<cite>Moull Murray Architects</cite>
</blockquote>

Adding to Monarch Tower's stocks is the addition of serviced apartment operator Pan Pacific which will operate 130 five-star suites, situated over the lower 19 levels of the project. Not only does the addition of Pan Pacific provide Monarch Tower with a renowned worldwide operator, it also allowed for the expansion of communal areas and facilities within the building.

A pool deck including a fully-equipped gym, cinema, tranquil health spa, outdoor BBQ entertainment terrace and virtual golf range will service both typical apartments and the Pan Pacific suites. The development team also made note of Monarch Tower's proximity to Crown and the Southbank Entertainment Precinct, with either a short walk away.

<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/image67_2.jpg" rel="gallery-all" title="Amenities finished to a high standard. Image: Altus Development"><img alt="" class="image-article-full-width-580px" height="186" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image67_2.jpg?itok=TahmJ7LB" title="Amenities finished to a high standard. Image: Altus Development" width="580"></a>

<figcaption>Amenities finished to a high standard. Image: Altus Development</figcaption></figure>Premier apartments within Monarch Tower will have exclusive access to the 6-star Sovereign Lounge featuring a bar, spa, sauna, steam room and gym, plus unimpeded views toward the CBD.

Whilst the previously approved plans allowed for one and two bedroom apartments to the tower's summit, Altus Development has completely repositioned Monarch Tower to capture the premium apartment market. Set over the upper 43 levels, total apartment numbers within the project have fallen to 294.

Levels 51 through 58 will include adaptable penthouse and sub penthouse plans, capable of being reworked to a prospective buyer's their needs. Included is the opportunity to create a double-storey, super-sized loft.

<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/image63_4.jpg" rel="gallery-all" title="Artist's impression of a penthouse living area. Image: Altus Development"><img alt="" class="image-article-full-width-580px" height="292" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image63_4.jpg?itok=fkY3VzXl" title="Artist's impression of a penthouse living area. Image: Altus Development" width="580"></a>

<figcaption>Artist's impression of a penthouse living area. Image: Altus Development</figcaption></figure>Quizzed on Monarch Tower's interest prior to launch, Bella Charlton's Valentino Spyriadis divulged a number of reservations have been taken for apartments, with those to be firmed once the project officially heads to sales.

Further all penthouses within Monarch Tower will be held for the local market, with the high-end stock considered essential to the project's marketing perception and eventual place in the Southbank market. This is in line with the development team positioning Monarch Tower at the owner-occupier and premium investor.

The launch of Monarch Tower coincides with the firming of a head construction contractor for Docklands' Altus Tower, which follows a similar model to that of Monarch Tower. With a new PARKROYAL and private apartments headlining the Docklands project, Altus Development expect the high-end duo will spearhead their Melbourne development pipeline.
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Distinguishing oneself on Southbank as Monarch Tower enters the fray

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Property investors looking for an apartment for under $500,000 on the central Gold Coast are spoilt for choice according to the property valuation firm, Herron Todd White.
HTW's residential market report for July said potential buyers will need to be aware of body corporate costs, sinking fund balances and any extraordinary works however noted apartments under $500,000 can be purchased no more than 150 metres away from the beach.
"In this price bracket, two-bedroom units at Mermaid Beach would be a property our valuers recommend due to the beach being no more than 150 metres away, Pacific Fair’s recent upgrade and the lively café and bar scene.
"While there are many options available to purchasers with $500,000 to spend in the northern corridor growth suburbs of Pimpama and Coomera, if looking to invest money of my own, I’d be looking at more central Gold Coast areas in close proximity to the beach.
"This is partly due to the vast amount of new stock currently being developed or scheduled for development, as well as the over inflated prices charged for house and land packages which are the most common property type in this area.
"Detached dwellings still appear to be a better investment than units with agents reporting investors buying dwellings for land banking purposes in areas such as Labrador and Southport. These areas have possibly peaked for shorter term consideration. Investors in this case are looking for properties with higher density development potential for example duplex approved sites with dwellings that provide some holding return."
Property Observer found a two bedroom, two bathroom unit for sale on Mermaid Beach<a href="https://www.realestate.com.au/property-unit-qld-mermaid+beach-119994605" target="_blank"> for between $279,000 to $309,000</a>.
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jonathanchancellor-7SQnKwU6yx

Coastline Gold Coast unit purchasers still spoilt for choice under $500,000: HTW 

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Fridcorp and Elenberg Fraser's third joint project within South Yarra's Forrest Hill Precinct looks set to produce arguably the area's most interesting building.

Interesting in that plans currently on display for 627 Chapel Street show a residential tower set above a street interface that shapes as being something unique to the area.

In a recent chat with Apartments.com.au, Fridcorp founder and Director Paul Fridman outlined 627 Chapel Street's intentions of becoming a worthy conduit by way of meaningfully linking Chapel Street with the ever expanding residential population of Claremont Street and South Yarra Station beyond.

The tower itself has been inspired by the story of Jack and the Beanstalk, resulting in a sculptural building form layered with greenery that is expected to accommodate in excess of 450 dwellings.

<h2>627 Chapel Street 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/image5ef.jpg" rel="gallery-all" title="The undulating form of 627 Chapel Street. Planning image: Elenberg Fraser"><img alt="" class="image-article-full-width-580px" height="446" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image5ef.jpg?itok=syv69bh7" title="The undulating form of 627 Chapel Street. Planning image: Elenberg Fraser" width="580"></a>

<figcaption>The undulating form of 627 Chapel Street. Planning image: Elenberg Fraser</figcaption></figure><ul>
<li>Application lodged June 2015 with a revision dated June 2016</li>
	<li>1,529sqm site, currently inhabited by a commercial building</li>
	<li>Proposed 42 level tower at 133m</li>
	<li>454 apartments: 147 x 1BR, 301 x 2BR, 6 x 3BR</li>
	<li>3 retail tenancies at a combined 297sqm</li>
	<li>Public room: 292sqm</li>
	<li>8 level basements for 286 vehicles and 130 bicycles</li>
	<li>Amenities: private dining and lounge, a sky bar and observatory, a meditative sky garden and a gymnasium incorporating a swimming pool</li>
</ul>
The glazed and balustraded finishes applied to 627 Chapel Street are contrasted by slithers of greenery. The scattered nature of each level's courtyards are tied together via vertical green gardens which accentuate the rippling nature of the design.

Residences are reinforced by three separate common areas over differing levels. Levels 1 and 16 host various amenities while level 40 hosts a north-facing private dining room.

<h2>The 'Public Room'</h2>

Coinciding with the application's semi-covered Public Plaza is the intended beautification of Daly Street. Elenberg Fraser and landscape architects 360 Degrees have taken a holistic approach to the tower's settings, resulting in a space dubbed the 'Public Room'.

<blockquote>
The public room will become an active meeting place for pedestrians travelling up/down Chapel Street and through Forrest Hill to South Yarra Station. It will become a centre for public interaction.

A public art piece will mark Chapel Street's connection through to the Forrest Hill Precinct. This marker will enhance pedestrian corridors and position the Forrest Hill gateway as a primary thoroughfare through South Yarra, directing traffic to the future prospects at South Yarra Station.
<cite>Elenberg Fraser: Urban Context Report</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/image4ef.jpg" rel="gallery-all" title="The Chapel Street perspective. Planning image: Elenberg Fraser"><img alt="" class="image-article-full-width-580px" height="326" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image4ef.jpg?itok=4Df1BtwA" title="The Chapel Street perspective. Planning image: Elenberg Fraser" width="580"></a>

<figcaption>The Chapel Street perspective. Planning image: Elenberg Fraser</figcaption></figure>Should 627 Chapel Street get the green light, both it and 16-22 Claremont Street will frame the Daly Street passage that leads to the heart of the Forrest Hill Precinct.

With Malaysian outfit Salcon Berhad revealed as the new purchaser of 16-22 Claremont Street last week, the prospect of South Yarra's two most ground level-inclusive developments rising in close proximity to one another is a very real possibility. While 627 Chapel Street sports the 'Public Room', 16-22 Claremont Street's best public asset will be a large through passage dubbed 'Claremont Plaza' as seen below.

On a wider note, 627 Chapel Street is the sixth residential development currently in play facing Chapel Street within the Forrest Hill Precinct. Of the six, both it and 671 Chapel Street are the two projects yet to receive planning approval.

<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/image8_8.jpg" rel="gallery-all" title="Bookending Daly Street. Images: Elenberg Fraser &amp; Colliers"><img alt="" class="image-article-full-width-580px" height="212" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image8_8.jpg?itok=ftocQwWM" title="Bookending Daly Street. Images: Elenberg Fraser &amp; Colliers" width="580"></a>

<figcaption>Bookending Daly Street. Images: Elenberg Fraser &amp; Colliers</figcaption></figure><h2>627 Chapel Street development team</h2>

<ul>
<li>Developer: Fridcorp</li>
	<li>Architects: Elenberg Fraser Architects</li>
	<li>Town planning: Meinhardt</li>
	<li>Traffic Engineers: One Mile Grid</li>
	<li>ESD report &amp; services: Murchie Consulting</li>
	<li>Waste management plan: Leigh Desig</li>
	<li>Wind analysis: MEL Consultants</li>
	<li>Landscape plan: 360 Degrees</li>
	<li>Land survey: Bosco Jonson</li>
	<li>Structural Engineer: Webber Design</li>
</ul>
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