<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p><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" /></p>

<p>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.</p>

<p>“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.</p>

<p>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.</p>

<p>“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.</p>

<p><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" /></p>

<p>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.</p>

<p>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.</p>

<p>The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.</p>

<p>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.</p>

<p><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" /></p>

<p>“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.</p>

<p>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.</p>

<p>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.</p>

<p>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>.</p>

<p><em>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></em></p>


Joel Robinson

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

<p><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.</p>

<p>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.</p>

<p>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.</p>

<p><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" /></p>

<p>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.</p>

<p>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.”</p>

<p>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.</p>

<p><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" /></p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p><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" /></p>

<p>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.</p>

<p>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.</p>

<p>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.</p>


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

<p>Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;</p>

<p>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;</p>

<p>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;</p>

<p>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;</p>

<p>Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;</p>

<p>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;</p>

<p>“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;</p>

<p>“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."</p>

<p>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;</p>

<p>"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;</p>


Bottega House secures landmark riverfront site in St Lucia 

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<p data-end="157" data-start="0">The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.</p>

<p data-end="459" data-start="159"><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.</p>

<p data-end="459" data-start="159">[smartcode_project:default project_id=112661 project_image_fid=359603]</p>

<p data-end="651" data-start="461"><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.</p>

<p data-end="950" data-start="653">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.</p>

<p data-end="1081" data-start="952">“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.</p>

<p data-end="1081" data-start="952">[smartcode_project:default project_id=112661 project_image_fid=355935]</p>

<p data-end="1307" data-start="1083">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.</p>

<p data-end="1522" data-start="1309">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.</p>

<p data-end="1522" data-start="1309">[smartcode_project:default project_id=112661 project_image_fid=361052]</p>

<p data-end="1714" data-start="1524">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.</p>

<p data-end="1945" data-start="1716">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.</p>

<p data-end="1945" data-start="1716">[smartcode_project:default project_id=112661 project_image_fid=359607]</p>

<p data-end="2220" data-is-last-node="" data-is-only-node="" data-start="1947">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.</p>
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<p>[smartcode_project_cta:default project_id=112661]</p>


SIERA kicks off construction at Northcliffe tower Exhale

<p data-end="320" data-start="79">Local Little Bay residents, along with buyers from premium postcodes across Sydney’s affluent Eastern Suburbs, have dominated purchases in developer-builder Urban Property Group’s first Eastern Suburbs apartment development, <a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a>.</p>

<p data-end="638" data-start="322">The $250 million coastal project, one of the first new developments in the area in several years, has proven particularly popular with downsizers, especially those from Coogee and Bondi. One Double Bay downsizer paid $4.7 million for a four-bedroom penthouse, setting a new local apartment price record in the process.</p>

<p data-end="864" data-start="640">Buyers have been attracted to the combination of coastal tranquillity, premium design and amenity-rich neighbourhood living. The walkable village setting, along with proximity to three of Sydney’s leading golf courses, New South Wales Golf Club, St Michael’s Golf Club and The Coast Golf Club, has also been a key drawcard.</p>

<p>[smartcode_project:default project_id=112343 project_image_fid=352689]</p>

<p>Built across two low-rise buildings designed by <a href="https://www.apartments.com.au/architects/hill-thalis-architecture-urban-projects-pty-ltd">Hill Thalis</a> and set along a lush, landscaped green spine, designed by leading landscape architect <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>, ESTE Little Bay offers a collection of one, two, three and four-bedroom residences with interiors by Richards Stanisich.</p>

<p><a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> Sales Director, Tom McIvor said the response to ESTE has been "nothing short of extraordinary."</p>

<p>“Buyers have been quick to recognise ESTE as a rare opportunity to invest in a coastal sanctuary that offers both seclusion and connectivity to the heart of Sydney,” McIvor said.</p>

<p>[smartcode_project:default project_id=112343 project_image_fid=352687]</p>

<p><a href="https://www.apartments.com.au/project-marketer/srm-residential">SRM Residential</a> Senior Director, <a href="https://www.apartments.com.au/project-marketer/srm-residential">Clayton Ross</a> said the local market has responded incredibly well, driven by ESTE’s exceptional location and the rarity it offers.</p>

<p>“We’ve seen strong interest from a variety of buyer groups, all of whom are drawn to the exclusivity and quality of the build and construction by the 4.5-star iCIRT-rated builder / developer, Urban Property Group. There’s truly nothing else like it along Sydney’s coastline.”</p>

<p>[smartcode_project:default project_id=112343 project_image_fid=352690]</p>

<p>The project also includes robust buyer protections, including Resilience Insurance’s Latent Defects Insurance, providing 10 years of structural cover, and an independent iCIRT-rating of the developer.</p>

<p>“The iCIRT-rating adds another layer of confidence,” Ross added. “Buyers see it as a safeguard for their investment and their lifestyle.” A highlight of ESTE’s offering is its exclusive wellness amenities, including a heated rooftop infinity pool and outdoor heated spa, a state-of-the-art Technogym fitness centre, and a sauna.</p>

<p><a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a> is topped out and is on track to complete towards the end of 2026, with residents moving in before Christmas.</p>

<p>[smartcode_project_cta:default project_id=112343]</p>


Eastern Suburbs buyers snap up ESTE Little Bay apartments

Brisbane

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<p>Brisbane's inner-city apartment market has about 10,000 more apartments in the pipeline than it should, says the newly active property research outfit RiskWise.</p>
<p>RiskWise suggests as early as June 2016 price growth was -1.8 per cent with 17,417 units in the pipeline – an addition of 24.5 per cent to the stock.</p>
<div class="cq-article-content-paras section">
<p>Price growth was again negative at -2.2 per cent inn 2017, but pipeline supply crept up to 19,194 units, accounting for 27 per cent of existing supply.</p>
<div id="article-inline-ad" class="adWrapper">
<p data-gtm-vis-first-on-screen-7770372_137="124499" data-gtm-vis-total-visible-time-7770372_137="4000" data-gtm-vis-has-fired-7770372_137="1">"The issue of oversupply is not a new problem and has been there for a few years," Mr Peleg said.</p>
<p data-gtm-vis-first-on-screen-7770372_137="124499" data-gtm-vis-total-visible-time-7770372_137="4000" data-gtm-vis-has-fired-7770372_137="1">"The continuous weakness of the unit market in inner-city Brisbane should have raised red flags for developers and lenders," he told Fairfax Media.</p>
<p>"Overall, it seems they were too optimistic about the projected market value, and it is highly likely that the price they paid for the land was also too high."</p>
 This year RiskWise has price growth at -2 per cent, with the pipeline at 14,813 units, accounting for 20 per cent of the supply.</div>
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<div class="cq-article-content-paras section">
<p>RiskWise said a healthy level for any market should be no more than five per cent of existing supply.</p>
<p>He sees more defaults on settlement.</p>
<p>"Defaults have been rising and will continue to do so," he said.</p>
<p>This time last year The RiskWise Property Review Best and the Worst Off-The-Plan Suburbs in Australia report identified several inner city locations in Brisbane that were vunerable.</p>
<p>It advised there was only a small number of suburbs where OTP units have the potential to deliver a solid capital growth. </p>
<p>Fortitude Valley (Qld) were among those classified as having the highest risks, Peleg said this time last year. </p>
<p>Click here to <a href="https://www.propertyobserver.com.au/images/2017/06/19/WorstPostcodes.png" target="_blank">enlarge</a></p>
<p><a href="https://www.propertyobserver.com.au/images/2017/06/19/WorstPostcodes.png" target="_blank"><img src="https://www.urban.com.au/images/2017/06/19/WorstPostcodes.png" alt=""></a></p>
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Brisbane has 10,000 too many new apartments

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<p>Country music star Troy Cassar-Daley and his 4KQ Brisbane radio presenter wife Laurel Edwards are selling their Queensland farming getaway.</p>
<p>Cassar-Daley, who was born in Sydney's Surry Hills in 1969, but moved to Grafton when he was young, loved his fishing on the Vernor property which fronts the Brisbane River an hour west of the Brisbane.</p>
<p>Edwards would ride horses across the four hectare estate.</p>
<div>There's been many a music jam with friends and family on the verandah that overlooks the scenic river.</div>
<p>LJ Hooker Ipswich agent Jo James is marketing the home with a negotiable $680,000 guide.</p>
<div>Cassar-Daley, who still calls himself a north-coaster, has recently taken time off from writing songs to travel with Laurel to France to celebrate their 22nd year wedding anniversary.</div>
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<div>He'll be back for the Gympie Music Muster in August. Then its on to a seven day country cruising ship with John Williamson, Gina Jeffreys, Tania Kernaghan and Chad Morgan that leaves Sydney in early October.</div>
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<div>Brisbane 4KQ's Laurel Edwards was honoured last year for 25 years of radio service. </div>
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<span id="m_-7336613294059133893gmail-yui_3_10_0_1_1531087819876_3609">She is the host</span> of the Laurel, Gary &amp; Mark show which in the most recent ratings was equal number one AM breakfast show.
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<div>The couple, who paid $630,000 in 2007 for the property, are reluctantly selling now their kids, Clay and Jem, are all but grown up.</div>
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<div>Clay turned 20 earlier this week and he's followed in his mother's footsteps, presenting on 98.8FM, a country radio station, alongside famed comedian Jamie Dunn, aka as Agro the puppet.</div>
<p>A charming two-level, four bedroom family home is surrounded by mature trees and established gardens.</p>
<p>The property is divided in to two fully fenced main paddocks, with machinery, stables, cattle yards and a veggie garden.</p>
<div>The couple, who wed in 1996 when Cassar-Daley was sporting a then fashionable mullet, have been based at Brisbane's Balmoral for over two decades, upgrading homes in 2004 when they spent $2 million on a 1930s home with a swimming pool looking out to the city. </div>
<p>He was 11 when he first went to the Tamworth Country Music Festival.</p>
<p>His big break came when he replaced James Blundell as the lead singer of country music band, The Blue Heeler Band. </p>
<p>The first single "Dream Out Loud" was released in 1994 by Sony Music and reached number-one on the Australian country music charts.</p>
<p>Cassar-Daley won the 1995 ARIA Award for Best Country Record. </p>
<p>He's gone on to win a further three ARIA Awards and 36 Golden Guitars in a career spanning over 30 years and 10 studio albums. </p>
<p><em>This article first appeared in </em>The Daily Telegraph.</p>
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Troy Cassar-Daley and Laurel Edwards list Vernor farm 

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<p>The Greater Brisbane dwelling market is diverging by property type in terms of resale losses, according to the latest Pain &amp; Gain report from CoreLogic.</p>
<p>The divergence between houses and units for loss making sales is likely attributable to higher supply levels of units across key areas of the inner city and the subsequent falling unit values.</p>
<p>The highest proportion of resales at a loss occurred in Lockyer Valley, Somerset and Brisbane.</p>
<p>Throughout south-east Queensland, the council regions with the lowest proportion of resales at a loss were Sunshine Coast, Logan and Redland. </p>
<p><img src="https://www.urban.com.au/images/2018/7/2/PG%20Graph%204-1.JPG" alt=""></p>
<p>Based on resales across Greater Brisbane over the first quarter of 2018, the total value of resales at a profit was $1.2 billion while the total value of resales at a loss was recorded at $29 million.</p>
<p>Brisbane generated 7.8% of the total value of resale profits nationally over the quarter and 6.8% of the losses..</p>
<p><img src="https://www.urban.com.au/images/2018/7/2/PG%20Graph%204-2.JPG" alt="" width="744" height="425"></p>
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Greater Brisbane house and apartment resale markets diverge strongly: CoreLogic

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<p>Already flush with scores of intended sizeable aged care and retirement living developments, Brisbane stands to gain another two post their lodgement with council last week.</p>

<p>More impressive of the two from a design aesthetic is ThomsonAdsett's design for 193-195 Lutwyche Road. The Windsor development is being backed by Denmac Nominees Pty Ltd and includes 177 dwellings, split between 98 retirement aged care rooms and 79 independent living units.</p>

<p>Ancillary aspects of the proposal include 179 basement car parks plus 1,351 square metres of space dedicated toward retail, cafe, and health care uses. An entire communal level and rooftop terrace form the amenities aspect of the proposal.</p>

<p>Located opposite Karuna Hospice Services long established Windsor campus, 193-195 Lutwyche Road at 12 levels would comfortably outsize any existing development in the vicinity.</p>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image59_5.jpg" rel="gallery-all" title="Greenery forms an integral part of the project. Planning image: ThomsonAdsett"><img alt="" class="image-article-full-width-580px" height="230" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image59_5.jpg?itok=-vE1r0nZ" title="Greenery forms an integral part of the project. Planning image: ThomsonAdsett" width="580"></a>

<figcaption>Greenery forms an integral part of the project. Planning image: ThomsonAdsett</figcaption></figure><p>Meanwhile, The Ethnic Communities' Council of Qld Ltd is supporting a development application in nearby Indooroopilly. The existing Berlasco Court residential care facility onsite is due for an overhaul by way of a seven level extension designed by Paynter Dixon.</p>

<p>Catering for fully dependent individuals, 142-148 Central Avenue has the ability to significantly increase to the number persons that can be accommodated onsite. This would be a realisation of additional residential aged care bed licences granted to the operator, combined with a Federal Government capital grant to facilitate the redevelopment.</p>

<p>The residential care facility aspect of the proposal sees 115 beds in the mix, with 18 dwellings for supported living also included. 53 car parking spaces and 2,250 square metres of communal space are also present, with the bulk of the communal space at ground level.</p>

<p>On the design, Paynter Dixon states "The intent is that the building embraces its surroundings with a noninstitutional and residential aesthetic to resonate with the local community as well as its occupants and staff.</p>

<p>The material palette takes inspiration from the local vernacular of low set Queenslander style dwellings juxtaposed with multi story residential and commercial developments. A blend of new and old Brisbane."</p>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image61_3.jpg" rel="gallery-all" title="A new Berlasco Court. Planning image: Paynter Dixon"><img alt="" class="image-article-full-width-580px" height="336" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image61_3.jpg?itok=b57D09ct" title="A new Berlasco Court. Planning image: Paynter Dixon" width="580"></a>

<figcaption>A new Berlasco Court. Planning image: Paynter Dixon</figcaption></figure><p>The arrival of the Windsor and Indooroopilly applications is against a backdrop of Brisbane City Council <a href="https://www.brisbane.qld.gov.au/community-safety/community-support/seniors/retirement-aged-care">amending its city planning framework</a> in order to offer a more streamlined approach to building, extending or upgrading aged care facilities and retirement facilities.</p>

<p>Council's aim in part is to realise new facilities in diversified locations across Brisbane. Developers for their part have come to the party as evidenced by the strong number of aged care / retirement living proposals appearing across Brisbane.</p>

<p>One of 2018's largest announced projects is Lendlease's partnership with Brisbane Racing Club to create a retirement and aged care precinct within Doomben Racecourse. Lendlease intends to realise 300 independent living units and 108 aged care beds across staged development.</p>

<p>Also on the agenda are sizeable projects in Woolloongabba, Mitchelton, Nundah, Toowong, Newmarket and Carina Heights that are capable of adding thousands of new aged care and retirement living dwellings.</p>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image70_10.jpg" rel="gallery-all" title="A selection of forthcoming aged care / retirement living developments across Brisbane"><img alt="" class="image-article-full-width-580px" height="835" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image70_10.jpg?itok=nw-PNf0q" title="A selection of forthcoming aged care / retirement living developments across Brisbane" width="580"></a>

<figcaption>A selection of forthcoming aged care / retirement living developments across Brisbane</figcaption></figure>
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silvermb

Doubling up for Brisbane's already robust aged care development pipeline

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<p>Featuring the nation’s only rooftop skystand overlooking a major sports stadium, a new residential development in Woolloongabba has begun marketing.</p>
<p>Adjacent to Brisbane’s Gabba stadium, the Silk One project will boast a rooftop terrace 20 stories high, providing residents views of the ground.</p>
<p>The development is just 300 metres from the planned Woolloongabba Cross River Rail train station, 350 metres from Woolloongabba Busway and within two kilometres of major lifestyle and entertainment developments including Queens Wharf, Howard Smith Wharves and Dexus Waterfront,</p>
<p>"Silk One will combine lifestyle, access and amenity" suggests the developer.</p>
<p>Sarazin managing director Darren Dougan said the developer chose the Woolloongabba site, as it’s in prime position to take advantage of a changing Brisbane market.</p>
<p>“Contrary to the gloom portrayed by oversupply a couple of years ago, the proof is in the data - Brisbane’s off the plan prices are flat, not falling, and are forecasted to grow,” Mr Dougan said.</p>
<p>“Queensland’s interstate migration is the nation’s highest , the affordability gap between 1 Brisbane and Sydney is now at 66 per cent plus the jobs market is surging - with 130,000 2 net new jobs within the past year ,” he said.</p>
<p>CBRE Brisbane Managing Director Paul Barratt confirmed the confidence in Brisbane’s inner-city residential apartment market, “Brisbane not only offers premium value at attainable prices, but with the market due for a natural correction - the Queensland capital is ahead of its southern counterpart when it comes to long-term financial return.”</p>
<p>“Smart money follows infrastructure, and Brisbane’s infrastructure is at an all time high, in fact, there is over $12 billion in projects planned or under construction in the CBD alone,” he said.</p>
<p>The project will deliver 178 residencies comprising a mix of one, two and three bedroom open plan apartments with prices starting from $369,000 (including one car park).</p>
<p>Strategically designed to maximise the birds-eye views of the Gabba stadium, the unique Silk One skystand rooftop will offer an outdoor dining and BBQ space, resort-style pool, gym and spa as well as a big screen TV near the bar to ensure not a minute of the action is missed.</p>
<p>For those wanting to enjoy Brisbane’s glorious weather privately, each of the varying orientations benefit from deep balconies all northerly facing apartments on level eight and above benefit from stunning city skyline views.</p>
<p>Registrations and expressions of interest are now <a href="https://www.realestate.com.au/property-apartment-qld-woolloongabba-128459410" target="_blank">open</a> ahead of the global launch on 23 June 2018</p>
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Australian first Skystand provides new views for Brisbane apartment buyers

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<div align="justify">An Australian first, Mercedes-Benz Brisbane has unveiled plans to open its first boutique Brisbane retail offering</div>
<div align="justify"> </div>
<div align="justify">With an opening planned in mid-August, it will be located at 300 Adelaide Street.</div>
<div align="justify"> </div>
<div align="justify">Hong Kong’s Lei Shing Hong group is spending $200 million developing the new Mercedes-Benz showrooms.</div>
<div align="justify"> </div>
<div align="justify">The Mercedes-Benz Brisbane Boutique will allow consumers to book test drives of the latest Mercedes-Benz vehicles, book their own car in for a service and purchase merchandise. </div>
<div align="justify"> </div>
<div align="justify">Mercedes-Benz Brisbane principal, Shane Parkins, said bringing the unique concept will provide a new touchpoint for existing clientele, as well as creating the opportunity for the brand to reach a new customer base.</div>
<div align="justify"> </div>
<div align="justify">“We know people are increasingly time-poor, so we want to make life as easy as possible for our clients, and see this as a chance to offer a more convenient, customer-centric service in the easy-to-access heart of Brisbane City,” Mr Parkins said.</div>
<div align="justify"> </div>
<div align="justify">“We’re continually looking for new, innovative solutions to promote ease of business for both current and future customers and this concept really hits the nail on the head. We’ve created something unique for the Brisbane market that connects with customers in a local way,” he said.</div>
<div align="justify"> </div>
<div align="justify">As well as being inspired by the global network of MercedesMe stores, which have been designed to operate as creative hubs for the public to engage with the brand in a relaxed, non-sales driven environment, the concept was also based on consumer insights and is a demonstration of Mercedes-Benz Brisbane’s agile approach to retail and customer behaviour.</div>
<div align="justify"> </div>
<div align="justify">“With the way retail has been evolving and will continue to evolve, we know that consumers want to experience the essence of a brand – not just its products. The way LSH Auto Australia are developing new projects, including our Breakfast Creek development, has this fusion of brand and lifestyle at the heart,” explained Mr Parkins.</div>
<div align="justify"> </div>
<div align="justify">The showroom will be positioned alongside retail partner Motorwagen, a new café/restaurant that offers a contemporary dining experience with an emphasis on house-made dishes and best local produce.</div>
<div align="justify"> </div>
<div align="justify">Shane Parkins said Lei Shing Hong Auto Australia had three new projects under way: the new CBD boutique, which would open in August, <span>a 32,000 sqm five-level showroom and facility in Brisbane’s inner city Breakfast Creek, plus a 10,000sq m dealership in the outer suburban North Lakes</span>.</div>
<div align="justify"> </div>
<div align="justify">“Most people are intimidated by walking into a car dealership,” Parkins said, noting that the Adelaide Street store would refer potential customers to dealerships</div>
<div align="justify">
<p>The world's largest distributor of Mercedes-Benz, Hong Kong's Lei Shing Hong, hopes to also develop a $290 million office tower on Melbourne's Southbank incorporating a state-of-the-art car showroom.</p>
</div>
<div align="justify">
<p>The bold plan to combine an office tower of almost 30,000 square metres with a car showroom is part of a broader trend that has seen upmarket dealerships secure expensive inner-city positions within larger mixed-use projects.</p>
</div>
<div align="justify"> </div>
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Mercedes Boutique Shoppe set for Brisbane's Adelaide Street

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<p>Brisbane City Council has executed a quick turnaround on a major planning application in order to provide one of Brisbane's largest commercial office developments with the green light.</p>

<p>Project partners Investa and Charter Hall submitted the sizeable planning application earlier this year. Council has in turn granted the hulking 205 metre commercial office tower with approval a little over a week ago, subject to a raft of minor conditions.</p>

<p>Simply known as 360 Queen Street, the development will account for a quartet of low and medium-rise dated commercial buildings in the heart of Brisbane's CBD. In a relatively swift process, Investa and Charter Hall only secured all buildings across the 2,147 square metre site during June 2017 for $53.75 million.</p>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image61_2.jpg" rel="gallery-all" title="Hero perspective. Image: 360queen.com.au"><img alt="" class="image-article-full-width-580px" height="835" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image61_2.jpg?itok=9jw97liB" title="Hero perspective. Image: 360queen.com.au" width="580"></a>

<figcaption>Hero perspective. Image: 360queen.com.au</figcaption></figure><p>360-380 Queen Street is located in Brisbane's ‘Golden Triangle’ which home to a high concentration of financial institutions. Valued at $650 million, the co-owners task of securing a major tenant for the tower which includes 50,000 square metres of A-Grade office space will be bolstered by the recent approval.</p>

<p>The Blight Rayner-designed project includes a new public pedestrian thoroughfare which will link Queen Street to Giffin Lane and Ely Lane, and was to have been lined by retail tenancies. Final plans for the development have dropped the retail aspect in favour for food and retail, or hotel uses.</p>

<p>Additionally, an amphitheatre, underground supermarket, childcare centre, business lounge and various other entertainment/dining options will assist in drawing the public to the area.</p>

<p>A vertical green wall will mask the adjoining property boundary, whilst a 'suspended' green zone will feature mid podium. Thereafter three separate green spaces will break the tower's form at levels 13, 28 and 40, in addition to a vertical chasm that will add extra greenery externally. </p>

<p>360 Queen Street will target a 5 Star Green Star Design rating, 5 Star NABERS Energy rating, plus WELL Core and Shell Gold certification.</p>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image63_7.jpg" rel="gallery-all" title="External terrace. Image: 360queen.com.au"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image63_7.jpg?itok=GTXGda8b" title="External terrace. Image: 360queen.com.au" width="580"></a>

<figcaption>External terrace. Image: 360queen.com.au</figcaption></figure><p>Leasing for the development is now active with CBRE appointed as the agent of choice. 360 Queen Street will enter the Brisbane commercial office market at an interesting juncture.</p>

<p>A Knight Frank report on the state of the Brisbane CBD office market dated April 2018 notes that total commercial vacancy is expected to fall from 16.2% at the start of 2018 to approximately 13.5% by the end of the year. Knight Frank assert that the Brisbane CBD office market will see little new stock over the course of 2018, although a number of major projects are in the pipeline.</p>

<p>The report identifies 12 separate commercial office developments slated for Brisbane's CBD that combined would add 300,000 plus square metres over and above existing stock. 360 Queen Street alongside Mirvac's 80 Ann Street and ISPT's The Regent development constitute the largest office developments in Brisbane CBD's pipeline.</p>

<p>According to the development partnership, construction is expected to commence in the first half of 2019, although overall approval and tenant pre-commitments are first required.</p>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image60_3.jpg" rel="gallery-all" title="Aerial perspective of the approved commercial tower. Image: 360queen.com.au"><img alt="" class="image-article-full-width-580px" height="412" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image60_3.jpg?itok=xQZSzxBM" title="Aerial perspective of the approved commercial tower. Image: 360queen.com.au" width="580"></a>

<figcaption>Aerial perspective of the approved commercial tower. Image: 360queen.com.au</figcaption></figure>
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Brisbane's 205m Queen Street commercial development gains approval

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<p>South Brisbane-based Pradella Developments and Constructions will move to make reality a substantial mixed-use development in neighbouring West End.</p>

<p>The developer has secured Woolworths as a pivotal tenant within the intended $175 million project which includes retail, dining, office and residential components. Pradella has dubbed the development Montague Markets and Residences, launching the development one year after <a href="https://www.propertyobserver.com.au/http://www.pradella.com.au/news/montague-markets-now-da-approved/117">gaining approval</a>.</p>

<p>Construction is slated to begin later this year, with the substantial supermarket at the heart of the initial phase. Under approved plans 1,600 square metres of specialty retail will be underpinned by the approximately 3,400 square metre Woolworths outlet, with an adjacent public plaza, central arcade and alfresco dining zone accounting for an additional 1,200 square metres.</p>

<p>Pradella's West End development is located at 405 Montague Road.</p>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image54_7.jpg" rel="gallery-all" title="Montague Markets and Residences. Image: Pradella "><img alt="" class="image-article-full-width-580px" height="396" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image54_7.jpg?itok=vRiyGFcY" title="Montague Markets and Residences. Image: Pradella " width="580"></a>

<figcaption>Montague Markets and Residences. Image: Pradella</figcaption></figure><h2> What they say</h2>

<blockquote>
<p>Montague Markets will be an excellent fit for West End with a market-style ambience that extends the suburb’s thriving foodie culture closer to the river.</p>

<p>It will also introduce the region’s laneway culture to this precinct by extending Tondara Lane for community pop-up spaces and a 200sqm public art piece that will further showcase the personality of West End. We look forward to starting construction of this project and making further announcements about other future tenants coming to Montague Markets.</p>
<cite>Pradella Director Kim Pradella</cite>
</blockquote>

<blockquote>
<p>At Woolworths, we pride ourselves on delivering high quality produce at great value for local residents. We are delighted to be part of the Montague Markets development and are excited that local residents will soon have access to one of Australia’s most modern supermarkets.</p>
<cite>Woolworths’ Regional Property Manager, Phillip Peel</cite>
</blockquote>

<p>Architecture firm Nettleton Tribe is behind the design of Montague Markets and Residences, with the project first hitting planning during 2015. Nettleton Tribe describe the project as follows:</p>

<blockquote>
<p>The brief called for a ground floor retail complex incorporating a supermarket and specialty retail stores to serve the increasing West End population. With two residential towers above, the complex is well placed to provide a successful public/private interface in the booming Brisbane suburb.</p>

<p>The development is designed to deliver a vibrancy and activity in the urban realm, reaching beyond its boundaries providing a connective landscaped public space activating Tondara Lane and Montague Road. The built form responds to the lane to encourage activity within the public realm and landscape. Building mass is carefully considered to respond to surrounding views and developments whilst maximizing exposure to daylight and the private landscaped recreation space.</p>
</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/image55_10.jpg" rel="gallery-all" title="Montague Markets and Residences' new promenade space. Image: Pradella "><img alt="" class="image-article-full-width-580px" height="269" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image55_10.jpg?itok=pGCRAEau" title="Montague Markets and Residences' new promenade space. Image: Pradella " width="580"></a>

<figcaption>Montague Markets and Residences' new promenade space. Image: Pradella</figcaption></figure><p>Montague Markets and Residences is poised to become Pradella's fourteenth project in West End, which according to the developer results in 3,000 plus people living within a variety of Pradella-backed apartment buildings across the Riverside West End precinct.</p>

<p>Montague Street has been earmarked by Brisbane City Council as being ripe for transformation into a retail strip with varying uses above. For its part Pradella intend to deliver two apartment buildings above the mixed-use ground plane, consisting of 181 apartments and 1,300 square metres of resident amenities.</p>

<p>Whilst the Woolworths aims to serve the immediate area's booming population, the development will also include basement capacity for 292 vehicles and 1,300 square metres of commercial space, underlining the mixed-use nature of the development.</p>
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Pradella moves on Brisbane's West End with Montague Markets and Residences

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<div>
<p>The Melbourne-based Smorgon family have listed their retail holding on the Queen Street Mall in Brisbane.</p>
<p>It has been dubbed Brisbane's best retail corner.</p>
<p>The property reportedly could fetch up to $100 million. There was a fully leased net income of $4.46 million per annum.</p>
<p data-gtm-vis-first-on-screen-7770372_137="6100" data-gtm-vis-total-visible-time-7770372_137="4000" data-gtm-vis-has-fired-7770372_137="1">The Smorgon family have owned the property for 27 years.</p>
<p data-gtm-vis-first-on-screen-7770372_137="6100" data-gtm-vis-total-visible-time-7770372_137="4000" data-gtm-vis-has-fired-7770372_137="1">It recently signed McDonalds for a 10-year lease with two 10-year options, becoming the biggest McDonalds in the southern hemisphere.</p>
<p>Norman Smorgon and his wife, Tania, are the key Smorgon family members in the holding company Vesco Nominees.</p>
</div>
<p>The 3771 square metre property includes the 853sq m McDonald's as well as an 801sq m Showgirls, plus fashion store Forever New and UGG Shop, a Money Exchange, Gellatissimo and a Suncorp bank.</p>
<div class="cq-article-content-media section"> </div>
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Smorgon family list Queen Street Mall retail holding with $100 million hopes

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<div>SQM Research reported its always-excellent vacancy rates index today for the month of May 2018, with vacancy rates nationally at 2.1 per cent, down marginally from 2.3 per cent a year earlier. </div>
<div> </div>
<div>And the figures showed a fifth consecutive decline for vacancies in Brisbane.</div>
<div> </div>
<div>Brisbane's city-wide vacancy rate was down to 2.9 per cent, from 3.5 per cent a year earlier. </div>
<div> </div>
<div>This accords well with what we've been seeing on the ground in Brisbane.</div>
<div> </div>
<div>Indeed, family-appropriate dwelling stock is now often renting at the first open home, with numerous instances of multiple offers and rentals achieving above the asking price. </div>
<div> </div>
<div>There are still some notable pockets of pain, of course, most evidently in the inner-city high rise 'investor stock', where rental guarantees mask what is often optimistically pitched product.</div>
<div> </div>
<div>There are also more high-rise units in the post for the CBD, with the SkyTower construction now well underway. </div>
<div> </div>
<div>Generally speaking and across the city, however, the rental market is rebalancing as construction slows, thanks to positive interstate migration and somewhat pacier net overseas migration, and is in better nick than a year earlier.</div>
<div> </div>
<div>Plotted below are the vacancy rate figures by capital city smoothed on a 6mMA basis (not seasonally adjusted). </div>
<div> </div>
<div>As you can see, while Brisbane has now turned a corner, Sydney is now experiencing a high rate of unit completions with considerably more new apartment stock choice for renters. </div>
<div> </div>
<div>Sydney's vacancy rate of 2.5 per cent was well up from 1.7 per cent in May 2017. </div>
<div> </div>
<div class="separator"><img src="https://2.bp.blogspot.com/-R1Whw2TAGEA/Wyh6EPlQOqI/AAAAAAAAqpM/hLFxcsPFy80keuHyZQR13T_y6O6xMJCrgCLcBGAs/s640/SQM1.jpg" width="640" height="362" data-original-height="800" data-original-width="1410"></div>
<p> </p>
<div>Elsewhere, Perth is grinding its way back from its punishing rental market nadir (please don't email about terminology: if you don't like it substitute with an antonym; it's really not that difficult!), while Hobart remains a tight rental market despite a slight loosening year-on-year.<br><br>It will be interesting to see at what point rising prices in Hobart spark a significant supply response, in what is a relatively small city, though some developers are reluctant to stray from the mainland due to the additional logistical challenges. </div>
<div> </div>
<div>Melbourne's vacancy rate was the same as it was a year earlier at just 1.4 per cent, despite hectic rates of dwelling construction. </div>
<div> </div>
<div>The Adelaide rental market has generally been tightening for some time now.<br><br>And finally, Canberra's rental vacancies have plummeted since the experiment with housing taxation, and it remains to be seen when a new rental market equilibrium is reached. </div>
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