The residential transformation of St Kilda Road is set to continue into with more new apartment plans for the sought-after boulevard.

Wing Tai Asia has lodged plans for a major residential tower at 464-466 St Kilda Road, replacing the former VACC House with an 18-storey mixed-use development designed around a retained heritage podium and a sculpted contemporary tower.

The proposal, prepared under Victoria’s Significant Residential Development with Affordable Housing pathway, would deliver 325 apartments and ground-floor retail across the prominent 4,653 sqm boulevard site in Melbourne’s St Kilda Road North Precinct.

The project centres on the adaptive reuse of the site’s heritage-listed VACC Building, an eight-storey office designed by Bernard Evans that has occupied the address for decades. Planning documents state the development would involve “carefully dismantling and conserving off-site the original metal fabric of the podium visible from St Kilda Road,” before reinstating it as the defining frontage of the new scheme.

Above the restored podium, Wing Tai is proposing a curvilinear residential tower. The scheme includes 172 one-bedroom apartments, 63 two-bedroom apartments, 66 three-bedroom apartments, and 24 four-bedroom apartments, alongside two ground-floor food and beverage tenancies fronting St Kilda Road.

The tower has been designed with substantial articulation and variable setbacks to minimise perceived bulk and maintain view corridors along the boulevard. Urbis, which prepared the planning report, said the design “has been significantly articulated through a curvilinear design” with “an interplay with materials, façade expression and depth” to create visual separation and visual interest.

The proposal also includes 254 basement car spaces, landscaped pedestrian links connecting St Kilda Road and Queens Lane, and a biophilic landscape strategy featuring canopy trees, raised planters, cascading greenery and a glass oculus pool overlooking the eastern frontage.

Planning documents confirm the $270.1 million development will contribute 3 per cent of project costs to the Social Housing Growth Fund as part of the application process.

Wing Tai acquired the St Kilda Road property in 2018 alongside Abacus Property Group for $95.38 million, before later consolidating ownership of the site. The property previously served as the Victorian Automobile Chamber of Commerce headquarters for around 60 years.

The transformation of the St Kilda Rd boulevard is already beginning to materialise, with a number of high-profile projects recently completed, launched, or approaching launch as developers continue to back the long-term appeal of the precinct.

Among the most notable recent completions is Louise by Samuel Property Group, just off the strip on Queens Lane, the same pocket Hirsch &amp; Faigen recently launched The Queensbury. Mirvac is too on the same street with The Albertine, which is approaching completion.

Dexus recently secured approval for its slice of St Kilda Road, while Gurner also has approved plans for the precinct.

Joel Robinson

Wing Tai unveils 325-apartment St Kilda Road tower on former VACC House site

Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
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[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Apartments

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What seemed like a relative lull in activity within Fishermans Bend has been busted in recent weeks as the Urban Renewal Area experiences an intense period of development activity. Land transactions lead the way with a host of sites capable of accommodating developments of various sizes on the market.

As many as a dozen sites within Fishermans Bend are currently offered for sale, signalling a spike in activity within the precinct which has seen seldom few projects released for public purchase thus far.

Of the sites for sale, two come with planning approval. 199-201 Normanby Road is the largest and includes provision for 262 apartments whilst 179 Gladstone Street is a more modest schemes that unsuccessfully launched as Custom 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/image37_5.jpg" rel="gallery-all" title="Prospective and potential Fishermans Bend apartment developments"><img alt="" class="image-article-full-width-580px" height="256" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image37_5.jpg?itok=5Zf68MUX" title="Prospective and potential Fishermans Bend apartment developments" width="580"></a>

<figcaption>Prospective and potential Fishermans Bend apartment developments</figcaption></figure>Beyond those, the balance of sites currently on offer present as future development prospects.

South Melbourne's 90-96 Johnson Street is the largest with Fitzroys assigned to the 4,066sqm site which holds a combined frontage of 106 metres and CitiPower as a prime tenant. CBRE's 112 Munro Street also shapes as a site capable of handling substantial development with the triple fronted 2,023sqm parcel beyond the first round of offers. 

Generally smaller in nature, the balance of sites are touting development potential of up to 18 levels with 12 Thistlethwaite Street a prime example.

<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/image33_7.jpg" rel="gallery-all" title="272-280 Normanby Road is set for redevelopment. Image: proUrban"><img alt="" class="image-article-full-width-580px" height="661" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image33_7.jpg?itok=sLmqhgSj" title="272-280 Normanby Road is set for redevelopment. Image: proUrban" width="580"></a>

<figcaption>272-280 Normanby Road is set for redevelopment. Image: proUrban</figcaption></figure>In planning happenings three separate projects have recently entered the statutory approvals process.

118 Bertie Street Port Melbourne is subject to an 18 storey mixed use development comprising residential apartments and commercial space over a site which is currently utilised by the Power Group. Further Laconia House at 179-185 Normanby Road Southbank is also subject to a retail, commercial and residential tower proposal. 

The tower would reportedly stand at 150 metres and include 318 apartments.

Also at planning is 272-280 Normanby Road which was <a href="http://www.theage.com.au/business/property/owner-seeks-to-flip-fishermans-bend-landholding-20160607-gpdk94#ixzz4AvSxLGqS">recently put on the market according to Fairfax.</a> Consultancy proUrban is running with a Hayball-designed scheme for a tower covering the site, although it remains unclear if the image above and what has been submitted for approval onsite are one and the same.

The wraps are also off 202-204 Normanby Road with City of Port Phillip providing detail on the project which would see 284 apartments created over a 40 level structure.

The flurry of land activity looks set to unleash an upswing in project releases within Fishermans Bend. Developer Third Street's P.M. Port Melbourne is set to create approximately 500 apartments for the precinct whilst Portal Properties' 181 Ferrars Street looks is likely to become the next project to head to sales.

<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/image32_3.jpg" rel="gallery-all" title="89 Lorimer Street has been sold. Image: Colliers"><img alt="" class="image-article-full-width-580px" height="359" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image32_3.jpg?itok=m0LAZ41-" title="89 Lorimer Street has been sold. Image: Colliers" width="580"></a>

<figcaption>89 Lorimer Street has been sold. Image: Colliers</figcaption></figure>At the foot of Fishermans Bend's Lorimer Precinct, 89 Lorimer Street has found a new owner with Colliers recently announcing a private offshore property developer has secured the site. With approval for 940 dwellings, the scheme was sold by local developer Little Projects after they managed to gain planning approval for the site which sits behind Mirvac's Yarra's Edge precinct.
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silvermb

Buy this, sell that; Fishermans Bend begins to run hot

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Claims that thousands of Brisbane apartments are at risk of not settling over the next 24 months due to tighter lending conditions and the large number of units involved are being rejected by researchers, according to Lachlan Walker, director of Place Advisory and Place Projects. 
The claim did not give consider decisions by the major banks to pull out of development funding throughout inner Brisbane, says Diana Howes, director of Resolution Research, according to his recent writeup in www.therealestateconversation.com.au.
Furthermore, claims that banks are no longer lending to overseas buyers as a blanket statement are also generalised claims, with banks willing to lend, however at a higher 60 per cent LVR.
Howes does not anticipate settlement valuations falling short of the contract prices for off-the-plan units.
“We reject the notion that the market is currently on the cusp of a major valuation risk phase – with developers still reporting valuations at, or close to contract values,” she said.
“With negligible price growth across the off-the-plan market over recent years, apartments currently under-construction should, in theory, be valued in line with their recently completed counterparts.
“Although we have seen an estimated 15 per cent rise in construction costs over the past three months, which has translated into lifts in off-the-plan values, many of these apartments are yet to even start construction and given the pull back in development finance, a large proportion are unlikely to. This further strengthens our argument that thousands of apartments within inner Brisbane are NOT at valuation risk.”
Howes said investor sentiment in the Brisbane market remained solid and there was no evidence of a trend towards speculative investment; in fact quite the contrary.
Resolution Research's research examined the mind and mood of the investor market and revealed the following key opinions and attitudes:
* Buyers have an average hold strategy of 5 years
* Buyers are risk averse and shop the market to ensure they are securing a solid value proposition
* Speculative (short-term) investments are felt to be more likely to have upside in the share market as opposed to the property market
An analysis of resales across six major high density developments over an 18-year period (1997 through to 2015) in Fortitude Valley and Brisbane’s CBD reveals an average annual rate of capital appreciation of 6% across the market. This is a healthy rate of appreciation and clearly highlights a long-term hold strategy for inner Brisbane apartment developments yields high returns, it says. 
Importantly, although resales do fluctuate over both the medium (five-year) and long terms, average annual median price growth has been recorded. It is equally important to note that across these timeframes owners of these apartments have been through the GFC and two periods of speculation of market oversupply (in 2003 and again in 2007).
In essence, a conservative approach to purchasing in inner Brisbane, on average, results in an appreciation in values. This study shows that ownership spanning across the GFC and speculative times of oversupply in 2003 and again in 2007 have failed to have a negative impact on market values over a longer term hold period.
The claim by CoreLogic RP Data  that 81,696 apartments would be delivered into Brisbane’s market over the next two years was unfounded. This figure assumes that 100 per cent of all stock will be funded which is not the case in an environment where three of the big four banks state that they are no longer funding apartment developments within inner Brisbane.
"Brisbane’s apartment market is heavily influenced by lending conditions and we expect to see the future supply environment contract considerably," it said.
Inner Brisbane’s current pipeline of new apartments was 20,456 including those yet to be approved.
If we use inner Brisbane as the benchmark, which is where the overwhelming majority of stock is to be developed, we currently have 3,886 apartments which are now deferred.
 
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jchancellor-FAypfDUnLy

Brisbane's apartment settlement fears not credible: Lachlan Walker

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Developers Aoyuan and Ecove have responded to the demand for larger apartment, creating two luxurious two-storey 'sky homes' in their landmark ONE30 Hyde Park project.
An amalgamation of four already substantial three bedroom apartments, each 'sky home' is 286 sqm in size with an internal staircase, media room, wine cellar and two balconies.
Both have quality Gaggenau appliances, timber flooring, high ceilings, natural stone bathrooms, marble kitchen benchtops and secure parking.
The super-sized apartments on floors 28 and 29 and 33 and 34 come with <a href="https://one30hydepark.com.au/apartments/" target="_blank">price tags of $8.8 million and $8.9 million.</a>
Last year a 277 sqm penthouse at One30 Hyde Park sold for $9.72 million.
Designed by Bates Smart architects, the building offers one bedrooms from $1.15 million, two bedrooms from $2.19 million and three bedroom apartments from $3.89 million.
Construction company Built have already started demolishing the existing office building at 130 Elizabeth Street to make way for the 38-level residential tower.
The building is due to be completed late 2018 to earn 2019.
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j.ballantyne1990-6AQqhLzZaK

ONE30 Hyde Park super sizes sky homes

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First covered on Apartments.com.au <a href="/news/what-the-fook-84-88-queensbridge-street-southbank">over two years ago</a>, <a href="http://88melbourne.com.au/">88 Melbourne</a> was officially launched by New Sky Group on 30 April, marking its first major foray into the Melbourne market.

The project has already proven popular with locals currently living within Southbank and interstate purchasers with buyers from Sydney in particular.

The $100 million 60-storey tower, located in the Southbank Entertainment Precinct is designed by RotheLowman in conjunction with KPDO.

Inspired by hand crafted jewelry and the art of origami, the building features a three-dimensional diamond patterned façade, that will shimmer during the day. This will be further accentuated in the evening sky by an integrated LED installation, the first residential tower in Melbourne to feature a full height LED lighting design.

<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/88m_03.jpg" rel="gallery-all" title="88 Melbourne hero perspective. Image courtesy of New Sky Group"><img alt="" class="image-article-full-width-580px" height="1114" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/88m_03.jpg?itok=-YWmatxh" title="88 Melbourne hero perspective. Image courtesy of New Sky Group" width="580"></a>

<figcaption>88 Melbourne hero perspective. Image courtesy of New Sky Group</figcaption></figure><blockquote>
88 Melbourne will have a sophisticated presence in the city and change the way people think of apartment living. It will be an iconic Melbourne address and a lasting moment in the evolution of local architecture and how we design for changing life-stages.
<cite>Chris Hayton, Principal, RotheLowman</cite>
</blockquote>

88 Melbourne will be Melbourne’s first apartment building to feature hand-crafted kitchen appliances by Sub- Zero and Wolf, the brand associated with professional chefs internationally including Heston Blumenthal, Nigella Lawson and Jamie Oliver.

At time of writing, 72 of 252 apartments within 88 Melbourne have been sold in the first 3 weeks, with 50% of the 1 bedroom apartments sold. Apartments range in size from 50-58sqm for 1 bedroom apartments, up to 88sqm for 2 bedroom and 113-158sqm for the 3 bedroom apartments with an average of five apartments per floor.

Penthouses occupy full floors and feature floor to ceiling heights of four metres.

Sales agent Matt George of Urban Activation said 88 Melbourne was a unique project for the city and with the introduction of stricter planning controls meant the chances of views being built out were less likely particularly above level 44. 88 Melbourne identified a gap in the market for owner-occupier driven apartment stock within the CBD and Southbank according to Matt.

<blockquote>
The city has not seen a CBD tower of this scale designed specifically with owner occupiers in mind before. While investors will undoubtedly be interested in this building, its residents will overwhelmingly reside here.

It reflects an evolution to a more New York urban style of living in Melbourne, as more and more families and empty nesters trade their family home for an urban pad with everything they need either in their building or on their doorstep.
<cite>Matt George, Urban Activation</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/88m_amenities_level.jpg" rel="gallery-all" title="Level 8 recreational facilities. Image courtesy New Sky Group"><img alt="" class="image-article-full-width-580px" height="321" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/88m_amenities_level.jpg?itok=7ynvjg42" title="Level 8 recreational facilities. Image courtesy New Sky Group" width="580"></a>

<figcaption>Level 8 recreational facilities. Image courtesy New Sky Group</figcaption></figure>The AFR has reported that 88 Melbourne has received consent from Planning Minister Richard Wynne to increase its height by six floors to an overall height of 199 metres, or 208 metres to top of plant. Construction of 88 Queensbridge is expected to commence in late October / early November with an expected construction programme of two years.
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Laurence Dragomir

New Sky thinking: 88 Melbourne

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The buzz around an oversupply of new apartments in Australia is exaggerated as many of the proposed developments will never eventuate because of financing problems, says online property agency iBuyNew, which specialises in off-the-plan properties.
Chief executive of iBuyNew, Mark Mendel, said many developers with approvals in place for apartment complexes will not complete the project because they are unable to obtain finance.
“While there is a lot discussion about banks toughening their lending policies for buyers, they are even tougher on developers,” Mendel said.
“Developers with no track record are getting a blanket ‘no’ from lenders across the board, while those with a limited track record are also finding it extremely tough.”
Mendel said the generalisation that Australia had an oversupply of apartments was too simple and one needed to look at the specifics of each state, region and suburb.
“There are definitely pockets of Brisbane, Melbourne and Sydney that may experience an oversupply of apartments.
‘But if you look at Zetland/Waterloo in Sydney’s inner south where thousands of new apartments have been built over the last five years, everyone expected an oversupply but capital growth has still been more than 10 per cent in the last 12 months.”
Mendel said South East Queensland was going through a massive transformation.
“This is becoming an international region with infrastructure developments such as the new $2 billion casino in Brisbane as well as the Gold Coast hosting the Commonwealth Games in 2018,” he said.
According to Mendel, the infrastructure boom will change the way the world sees Brisbane and South East Queensland in future. 
 
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prateek24-ezbwHMbNAk

Apartment oversupply overstated as many projects won't take off due to lack of financing: iBuyNew CEO

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The CBD's northern end is in full bloom so to speak as a variety of high-rise projects rapidly progress from paper designs to reality.

So much so one only needs to crane one's head skyward to see multiple tower cranes dotting the skyline in all directions. Hand in hand with this fundamental change to the look and feel of the CBD's northern reaches is the injection of purple facades over certain skyscrapers as design practice Elenberg Fraser seek to break the ubiquitous blue of many a Melbourne skyscraper. 

No less than 12 towers are under construction in the area, with the combined numbers as follows: 723 new student accommodation beds, 208 serviced apartments and 5,475 apartments.

See below a pictorial update of the CBD's emerging 'new face' 

<h2>Elizabeth Street's Big Four</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/image8_5.jpg" rel="gallery-all" title="Having all your ducks in a row along Elizabeth Street"><img alt="" class="image-article-full-width-580px" height="1244" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image8_5.jpg?itok=KJKRql3C" title="Having all your ducks in a row along Elizabeth Street" width="580"></a>

<figcaption>Having all your ducks in a row : Empire, Light House, Victoria One and Vision Tower</figcaption></figure>They are indeed the 'Big Four' with Empire the shortest at 198 metres. Seen in the top image above, Brady's Vision Tower is all but externally complete whilst Victoria One, Light House and Empire's visible jump forms round out the quartet.

Under the guidance of Probuild both Victoria One and Empire's jump forms have skipped ahead of their respective floor plates, whilst Brookfiled Multiplex's Light House has employed a common placing boom to pour both floor plate and core, thus the difference in appearance.

In terms of physical finishes Light House shapes as being the most striking, with the undulating Elenberg Fraser-designed tower already showing some unique purple design features over its early levels. Victoria One has received its first glazed facade panels whilst the golden fins of Empire continue to rise rapidly.

<h2>La Trobe Street bulks up</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/image9_6.jpg" rel="gallery-all" title="La Trobe Street also maintains strong construction activity"><img alt="" class="image-article-full-width-580px" height="719" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image9_6.jpg?itok=vZDKtJ1o" title="La Trobe Street also maintains strong construction activity" width="580"></a>

<figcaption>La Trobe Street also maintains strong construction activity</figcaption></figure>La Trobe Street has a case of the blues with three towers nearing completion and sporting predominantly blue facades. Hickory Group's La Trobe Tower build is racing toward its structural completion thanks to the Hickory Building System whilst nearby Eporo Tower is also close to topping out.

Further along La Trobe Street and the ultra thin Trillium Tower is also approaching its final height under the guidance of head contractor Built.

Whilst not on La Trobe Street but in close proximity, EQ Tower is approximately half way to its ultimate height. Sporting a uniform purple facade, the highly overt build has brought another shade of Elenberg Fraser purple to the area.

<h2>Down and dirty</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/image7_8.jpg" rel="gallery-all" title="Projects yet to break ground level"><img alt="" class="image-article-full-width-580px" height="407" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image7_8.jpg?itok=0Cxw9SjQ" title="Projects yet to break ground level" width="580"></a>

<figcaption>Projects yet to break ground level</figcaption></figure>Aurora Melbourne Central, Avant, Scape Swanston Street and Conservatory are all currently at a preliminary stage of construction centred around site ground works.

Avant seen above left will have its core soon enough with footings in place whilst Scape Swanston has made rapid progression over the last month, with its tower crane starter already in place.

<h2>Future builds on the radar</h2>

Future builds for the area are headed by the twin-towered Queens Place development and Scape La Trobe Street which are well into their respective development processes.  

Future paper developments such as 48-52 La Trobe Street, the expected 200 metre Munro site tower, 98-102 Franklin Street, 97 Franklin Street and 111-125 A'Beckett Street as well as the extension to Melbourne Central Station as part of the Melbourne Metro Rail project will ensure Melbourne's Northern CBD will continue to see healthy levels of construction for some years to come.
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The CBD's northern construction boom in colour

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Approval is being sought for a mixed use Southbank skyscraper that will assume the form of a flower. Designed by Elenberg Fraser, 51-65 Clarke Street would surpass the 200 metre mark in a pocket of Southbank nestled alongside the West Gate Freeway.

Developer Newcity Group has also sought to add a unique feature to the project; a dedicated business and cultural exchange centre atop the tower that would seek to strengthen ties between Melbourne and southern China's economic powerhouse city of Guangzhou.

Documents within the planning application also indicate that the project would create thousands of construction jobs over the life of the project and 140 ongoing jobs linked to the hotel element within the tower.

The plans for 51-65 Clarke Street follows on from the site's successful sale during 2014, where <a href="http://www.theaustralian.com.au/business/property/cbd-site-snapped-up-for-304m/news-story/d7a0f65128861186f3ecab846e6bddd5">CBRE City Sales were able to secure the vendor $30.4 million</a> for the tri-fronted development plot.

<h2>51-65 Clarke Street planning 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/image2sbef.jpg" rel="gallery-all" title="51-65 Clarke Street as seen within the project Town Planning Report"><img alt="" class="image-article-full-width-580px" height="800" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image2sbef.jpg?itok=pCCbqTxq" title="51-65 Clarke Street as seen within the project Town Planning Report" width="580"></a>

<figcaption>51-65 Clarke Street as seen within the project Town Planning Report</figcaption></figure><ul>
<li>Site area: 1,787 square metres</li>
	<li>Current use: three storey commercial building</li>
	<li>Proposed 73 level tower at 245.05 RL to top of architectural feature</li>
	<li>112 hotel suites</li>
	<li>512 apartments: 166 x 1BR, 318 x 2BR, 28 x 3BR</li>
	<li>Business Hub: 1,042 square metres</li>
	<li>Level 8 &amp; 54 facilities and amenities</li>
	<li>Retail and function centre: 1,541 square metres</li>
	<li>120 car parking spaces and 327 bicycle spaces</li>
</ul>
<h2>Newcity for an old relationship</h2>

Newcity Development (One) Pty Ltd is behind the proposal, one of many Chinese-backed developers that have descended upon Melbourne in recent years.

According to the application's Town Planning Report, "The Newcity Group and more relevantly Cao Zhiwei, the Chairman of ‘Newcity Group’ is a member of the political advisory body of Guangzhou. This development, and in particular the exchange hub is seen as a significant step in establishing a destination and beacon for commerce between Guangzhou and Melbourne."

Thus far the following businesses have been noted as providing support for the intended business and cultural exchange:

<ul>
<li>The People’s Government of Guangzhou Municipality</li>
	<li>Chinese People’s Political Consultative Conference Guangzhou Committee</li>
	<li>Guangzhou Association for Friendship with Foreign Countries</li>
	<li>Guangzhou University</li>
	<li>Guangzhou Real Estate Association</li>
	<li>Department of Culture Guangzhou Municipality</li>
	<li>Guangzhou Women’s Federation</li>
</ul>
<h2>Seeking exemption</h2>

The site is subject to Design and Development Overlay Schedule 10 (DDO10), which was introduced into the Melbourne Planning Scheme during September 2015 as part of the broader C262 amendments implemented by Minister Wynne.

As initially submitted, the Elenberg Fraser design complied to podium height, street setback and tower setback requirements, although a plot ratio of 35:1 results. Above the discretionary desired plot ratio of 24:1, the development team has in turn requested a variation to allow the tower to proceed as planned.

It is worth noting that the development team sought and was granted an extension of time request for the submission during February 2016; what results from subsequent projects refinements remains to be seen.

<h2>Shaping Southbank</h2>

51-65 Clarke Street's form which is based upon the shape of a Bombax Ceiba Flower is the latest of a number of shapely Southbank talls to create headlines of late.

Last week it was widely reported that Crown Limited and Schiavello have formally submitted a proposal for their 1 Queensbridge Street tower. <a href="http://www.afr.com/real-estate/james-packer-proposes-australias-tallest-building-at-crown-in-melbourne-20160511-gosg43#ixzz48Nj5iVTC">According to Fairfax</a>, the tower would hold 306,666 of Gross Floor Area and maintain a plot ratio of 57:1.

<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/image5clarke.jpg" rel="gallery-all" title="54-56 Clarke Street markeying material. Image: CBRE City Sales"><img alt="" class="image-article-full-width-580px" height="339" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image5clarke.jpg?itok=Gs8Nm91w" title="54-56 Clarke Street markeying material. Image: CBRE City Sales" width="580"></a>

<figcaption>54-56 Clarke Street markeying material. Image: CBRE City Sales</figcaption></figure>Also in the news is the flowing 54-56 Clarke Street project created by BKK Architects which has been placed on the market with planning approval in tow.

At 240 metres 54-56 Clarke Street shadows 51-65 Clarke Street for height, with both future towers opposite one another.

<h2>51-65 Clarke Street development team</h2>

<ul>
<li>Developer: Newcity Group (Newcity Development (One) Pty Ltd)</li>
	<li>Architectural plans: Elenberg Fraser Architects</li>
	<li>Urban Context Report: Elenberg Fraser Architects</li>
	<li>Planning: Urbis</li>
	<li>Traffic Engineering Assessment: One Mile Grid Traffic Consultants</li>
	<li>Waste Management Plan: Wastech</li>
	<li>Sustainability Management Plan: Norman Disney and Young</li>
	<li>Economic Investment Impact Analysis: ShineWing</li>
	<li>Landscape and Masterplan: Aspect Landscape Architects</li>
	<li>Environmental Wind Assessment: MEL</li>
</ul>
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51-65 Clarke Street shapes as a Southbank tower with a twist

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Apartments are being built at a record-breaking pace.
The table below, supplied by CoreLogic RP Data to the BusinessInsider website, contains the top 25 locations for expected apartment completions over the next 24 months.
Dominated by Australia’s most populous states, New South Wales, Victoria and Queensland, CoreLogic RP Data calculates that there’ll be 231,129 new apartments built over the period.
<a href="/images/2016/05/12/Corelogic-RP-data-top-25-locations-for-apartment-completions.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/05/12/Corelogic-RP-data-top-25-locations-for-apartment-completions.jpg" alt="">
With so much stock coming online at once there is increasing concern as to whether settlement valuations will actually meet the contract price of units in some of these locations.
Cameron Kusher, research analyst at CoreLogic RP Data, suggests that tighter restrictions on investor and overseas buyers from Australian banks could amplify settlement risks.
“Mortgage lenders have recently tightened their lending criteria, subsequently some people who have committed to off-the-plan units may not be able to borrow as much as they could at the time of signing the contract,” says Kusher.
“To compound the situation, three of the four largest banks have announced they will no longer be lending to overseas home buyers which may result in a larger number of contracts not progressing through to settlement, considering a larger proportion of off the plan unit sales are to overseas buyers.”
As a result of these factors and increased supply in some regions, Kusher believes there is a clear risk that some properties may be be worth less than the price they were purchased for off the plan.
{mijopolls 141}
 
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jonathanchancellor-7SQnKwU6yx

Australia's 25 apartment construction hotspot localities: CoreLogic RP Data

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SPONSORED POST
Residents of Avantra, the Longton Property Group’s $300 million smart-apartment project in Sydney’s Mascot, have a fresh lifestyle addition.  
Woolworths, BWS, Priceline and a host of other leading retail brands will be a short walk, with Meriton recently unveiling its $250 million <a href="https://www.meriton.com.au/news/meriton-unveils-impressive-new-mascot-central-retail-precinct/" target="_blank">Mascot Central project</a>.
The 5,000 sqm development will have around 20 shops with a mix of retail, cafes and convenience stores that include a full-line Woolworths supermarket, Oliver Brown, boutique florist with a café, Destination Roll -- best known for its pork rolls -- and Camy’s Charcoal Chicken.
The Mascot Central Retail Precinct is Meriton’s largest retail development to date, says a post on Meriton's website.
The retail precinct is expected to add to the appeal of the 328-apartment Avantra project by Sydney-based developer Longton.
Spread over a 8,762 square metre site Avantra comprises two multi-storey buildings, including ground floor retail and a courtyard garden.
The internal size of studios in Avantra are 60m² to 61m², one-bedroom plus MPR units are 75 m² to 82m², two-bedroom plus MPR units are 100m² to 127m² while three-bedroom plus MPR unit is 154 m². 
In addition, there will be communal areas such as a shared rooftop area in which residents can swim, barbeque and interact. 
Construction is in full swing and residents are expected to move in by December 2017.
In line with the developer's focus on community and home automation, Avantra residents will have their own information sharing network and a unique iButler service that aims to reduce shopping, car wash, pet care etc to a few clicks on a smart device. 
Residents will be able to use their provided iPads and other personal devices to book services simply by entering their postcode from any location and choosing the desired service.
It also including ‘smart’ digital lockers that residents can use to receive home delivered goods.
The information network, iCommunity will provide updates on news, weather and finance. 
The complex has been designed by architects MD+A and interior designer Archer + Wright.
Mascot had a population of 8,514 people, according to ABS census data 2011. Apartments made up 34.4 percent of the total dwelling composition in the area, the data showed.
For more information on Avantra, <a href="https://www.avantra.com.au/" target="_blank">click here</a>.
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Shopping comes to the doorstep of residents of Avantra in Sydney's Mascot

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The Lord Mayor of Parramatta Paul Garrard together with Crown Group CEO Iwan Sunito have marked the ‘topping out’ of Parramatta’s highly-anticipated development V by Crown Group. 
Positioned in the heart of Sydney’s second CBD, the landmark 29-storey tower reached its highest level of construction this week.
<img src="/images/2016/05/06/07v.jpg" alt="">
V by Crown will feature Parramatta’s highest bar with sweeping 270 degree views of Sydney.
“We have long believed in the strength and potential of Parramatta,” Crown Group CEO Iwan Sunito said.
“This is one of the fastest growing areas of Australia and key infrastructure and construction projects here will shape the future of the entire of Greater Sydney.
“Parramatta has seen dramatic change since we began construction of V by CrownGroup four years ago, and this project addresses the growing demand for high-quality apartments with resort-style facilities in Sydney’s second CBD,” Mr Sunito added.
Designed by Sydney-based Allen Jack + Cottier and Koichi Takada Architects, this 590-apartment development includes a private pool, gym, sauna, conference facilities, music room, theatrette, library, state-of-the-art archaeological showcase and rooftop sky bar; plus a boutique hotel and ground level retail-and-dining plaza. 
A plaque acknowledging the time capsule will be placed on the ground floor of the 29-storey building.
It is located less than 300m from Parramatta Square; Parramatta City Council’s $2-billion redevelopment precinct; and a short walk from Parramatta train station, Parramatta Heritage Parklands and Westfield Parramatta.
Lord Mayor of Parramatta Cr Paul Garrard said there was a significant amount of development taking place in Parramatta with $12 billion worth of projects in the pipeline. 
Parramatta’s population is forecast to grow 24 per cent by 2036, from a total of 190,495 to 236,864. 
Three expansive luxury penthouses occupy the two highest levels of V by CrownGroup, some of the most exclusive positions in Western Sydney.
Each penthouse is set over two floors and includes three bedrooms, a study, two bathrooms, a guest powder room, open-plan kitchen, indoor-outdoor living area, two car spaces and a large balcony. 
Set to open in summer 2016/17, the level-26 Sky Bar features an expansive 275sqm internal bar area, direct lift access, double height ceilings and a 90 sqm outdoor terrace with sweeping views of Parramatta’s Heritage parklands, Sydney’s CBD and Sydney Harbour Bridge. 
A stunning glass wall forming a unique backdrop behind the bar service area will take advantage of the bar’s sky high position.
Crown Group Director of Sales and Marketing Roy Marcellus said Parramatta had been missing the more glamorous high-end level of apartments available at V by Crown Group.
Two large V-shaped columns, each standing a striking three storeys tall; highlight the entrance to the development located at 45 Macquarie Street, corner of Macquarie and Marsden streets.
V by Crown Group is scheduled for completion in 2017.
Apartments are priced as follows:
<ul>
<li>Studios – from $556,000 – 565,000</li>
<li>1-bedroom – from $722,000 – 902,000</li>
<li>2-bedroom - from $930,000 – 1,208,000</li>
<li>3-bedroom penthouse – from $2,420,000</li>
</ul>
For more information call 1300 302 186 or visit <a href="https://www.crowngroup.com.au/" target="_blank">www.crowngroup.com.au</a>
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