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.
</section>
</section>

[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Brisbane

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Arden Group has chosen Hutchinson Builders to build Jade, their $200 million development in Queensland’s Albion.
<a href="/expert-insights/buying/arden-group-launches-200-million-albion-development">Jade</a>, located on Burdett Street, is expected to be completed by 2015, and includes one, two and three bedroom apartments from 60 square metres to 160 square metres, from $392,000 to $990,000.
Arden Group director Steven Walsh said that the commencement of construction indicates the beginning of the urban renewal of the inner north suburb precinct that will grow in lifestyle and residential attractions.
In total there will be 350 apartments across the Sage, Fern, Jasmine and Lotus buildings.
“We are delighted to have Hutchinson Builders on board and are looking forward to working with them to deliver the high quality and affordable apartment product in Albion,” Walsh said.
It includes a 22 metre lap-pool, three park areas, a spa and a gym, and spans a 1.4 hectare site.
Each apartment has at least one car parking space, some have two, and 50 or more visitor parking spaces will be included.
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jduke-EHk3XBmHkn

Builder chosen for $200 million Albion, Brisbane development

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The median price of a house in Brisbane was $475,000 for the quarter to July, according to RP Data.
Brisbane house values were down 0.2% for the month, but increased 6.9% on a yearly basis. The Queensland capital had the third-strongest growth of any capital city in the country for the 12 months to July, behind Melbourne and Sydney.
Many people use median figures to set their price expectations for an area - but what does a $475,000 Brisbane house actually look like? Property Observer looks at the city's recent sales to see what the median price will get you.
<ol>
<li>
<a href="https://www.realestate.com.au/property-house-qld-mansfield-117265463" target="_blank">84 Pareena Crescent, Mansfield</a> <img src="/images/2014/08/11/1.jpg" alt=""> This three bedroom, two bathroom brick home sold for $477,000 in July. The house sits on a 546 square metre plot in the Mansfield High School zone. Two of the three bedrooms have built in robes, and the open plan living spaces feature pine cathedral ceilings. It was purchased by the vendors for $400,000. Price: $477,000 Bedrooms: Three Drive to CBD: 15 minutes 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-qld-mitchelton-117290463" target="_blank">49 Glen Holm Street, Mitchelton</a> <img src="/images/2014/08/11/2.jpg" alt=""> Late last month, a three bedroom, one bathroom house secured $473,000 when sold in late July. The single storey home has built in wardrobes in all three bedrooms and the kitchen and dining area opens onto a covered entertainment area. The house is set on a 405 square metre block. Price: $473,000 Bedrooms: Three Drive to CBD: 15 minutes 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-qld-deagon-116916459" target="_blank">60 Station Road, Deagon</a> <img src="/images/2014/08/11/3.jpg" alt=""> Another three bedroom, one bathroom house sold around Brisbane's median price last month, with this Deagon home attracting $482,500. The home has open plan living and dining areas, with an open fireplace and 10 foot ceilings. The home sits on a 450 square metre parcel, with a utility room and workshop tucked in the downstairs area of the house. Price: $482,500 Bedrooms: Three Drive to CBD: 25 minutes 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-qld-keperra-117324855" target="_blank">45 Hermitage Street, Keperra</a> <img src="/images/2014/08/11/4.jpg" alt=""> This low set brick home has four bedrooms and one bathroom, selling for $475,000. The home's newly renovated kitchen, with the listing information stating that it was "barely used", separates two living areas. Set on a 628 square metre parcel, the home also includes a two car lockup garage. Price: $475,000 Bedrooms: Four Drive to CBD: 19 minutes 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-qld-jamboree+heights-116682875" target="_blank">Jamboree Heights</a> <img src="/images/2014/08/11/5.jpg" alt=""> A three bedroom, one bathroom house 14 kilometres south-west of the Brisbane CBD sold for $469,500. The house, set on a 589 square metre block, backs onto council-maintained parkland. Outside, there is an entertainment deck and in-ground pool, while the backyard has direct gated access to the park. Price: $469,500 Bedrooms: Three Drive to CBD: 17 minutes</li>
</ol>
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jrichardson-uRX5hFdKfN

What does a median-priced house in Brisbane look like?

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Two adjoining properties, at 48 and 50 Milne Street, Mount Warren Park in Brisbane’s south are up for sale – offered either separately or together as a development site.
The south Brisbane opportunity is on the market with Ray White Industrial M1 North, by team leader Lisa Dunne, with offers to purchase closing at 4pm on 25 November.
The two lots are on a 4,896 square metre site with a residential choice domain, included in a draft planning scheme with 40 townhouses per hectare potential.
“In January, 2015, the town planning regulator covering Mt Warren Park will be transferring to Logan City Council as advised by the Gold Coast City Council,” said Dunne.
Lot 48 is on 2,448 square metres of land and comes with a two-storey four-bedroom house.
Lot 50 is a 2,448 square metre block with a three-bedroom house.
“The two lots are being offered together or separately,” she said, noting that Mount Warren Park is in a fast growth area.
“Although the area was once separated from Brisbane and the Gold Coast, the region has experienced advancing urban sprawl since the development of the highway to Brisbane,” she said.
“This is a great opportunity for an investor or developer to secure a prime piece of land in an up-and-coming suburb and we urge all prospective buyers to register their interest to avoid disappointment.”
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Mount Warren Park, Brisbane development site up for sale

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James Packer’s Crown Resorts Limited will partner up with Chinese property developer, Greenland Holdings Group to jointly bid for the Queen’s Wharf Brisbane Project.
Crown will combine its experience in operating large scale luxury integrated resorts with Greenland’s vast property development experience to form a consortium.
They were two of the then four separate short listed contenders announced in late May for the Queensland government’s Queen’s Wharf Brisbane Project. 
In October last year the Queensland government decided a gaming licence would be available for the under-utilised nine hectare government-owned site adjacent to the north bank of the Brisbane River.
The three remaining shortlisted consortia will be required to lodge fully-developed proposals with the government in late 2014.
Crown’s chief executive officer, Rowen Craigie said he hoped they can deliver for Brisbane an iconic tourist, entertainment and residential precinct that is recognised globally and embraced by the local community.
Greenland’s managing director in Australia, Sherwood Luo, said they were excited about the possibility in working with Crown.
Greenland Holdings Group is a Shanghai-based Chinese-state owned enterprise. 
It is a Fortune 500 corporation, ranking 268 in the 2014 rankings. Greenland has businesses in real estate, energy, finance, construction and automobiles and generated revenue of almost US$54 billion in 2013.
Greenland is already undertaking major residential and hotel developments in Sydney and Melbourne as well as a major integrated resort development in South Korea and numerous large scale residential, hotel and commercial developments in China, London, New York, Los Angeles and Malaysia. 
Greenland is the major shareholder of the listed Hong Kong property development company, Greenland Hong Kong Holdings Limited. 
The four consortia initially shortlisted to develop a six-star multi-billion dollar integrated resort development were.
<ul>
<li>Crown Resorts Ltd</li>
<li>Echo Entertainment Group Ltd</li>
<li>Far East Consortium/ Chow Tai Fook Enterprises Ltd</li>
<li>Greenland Investment Pty Ltd.</li>
</ul>
A formal announcement regarding the successful developer and their development scheme is not expected until early 2015.
{qtube vid:=V_Eiiyy8ec4#t=56}
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jchancellor-FAypfDUnLy

James Packer teams up with Chinese property developer for joint Queen’s Wharf Brisbane Project bid

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Private treaty time on market blew out in Brisbane and Perth, according to the latest July figures from Australian Property Monitors.
It was an unusually volatile month.
Only Adelaide and the Gold Coast avoided the deterioration in time on market, but just by a one day improvement.
<img src="/images/2014/07/30/apm-chart-onejuly-30.gif" alt="">
Source: APM Domain Group.
Canberra was the only capital where vendor's discounting improved during July. The Gold Coast also achieved its low discounting status at 6.6%, a level that hasn't been seen for many years.
All other localities required consistent or higher discounting by vendors to secure their sale. 
<img src="/images/2014/07/30/apm-chart-two-july-30.gif" alt="">
Source: APM Domain Group.
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Brisbane and Perth days on market blowout: APM

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A 350-apartment development is coming to Brisbane's inner north.
The Arden Group has launched Jade, a $200 million master planned community set on 1.4 hectares by Ascot, Clayfield and Hamilton. The first sales stage will comprise 150 apartments over two six storey buildings. The first, called 'Sage', will have 60 apartments, while 'Fern' will have 90 apartments.
With completion expected in late 2015, the development will offer one, two and three bedroom apartments, ranging from 60 square metres to 160 square metres. Off the plan prices begin at $392,000, with the most expensive three bedroom apartment costing $990,000. Prices for the 24 three bedroom apartments begin at $670,000.
According to Arden Group director Steve Walsh, the development is located in a rapidly growing lifestyle market.
"Jade’s convenient location less than 10 minutes from Brisbane’s CBD and airport as well as its close proximity to Brisbane’s best urban restaurants and lifestyle precincts makes it an excellent choice for owner resident buyers,” said Walsh.
“High quality, affordable apartment product in Albion is hard to come by due to the suburb’s highly constrained land supplies and we’re anticipating a lot of interest in this particular development.
There will be four towers in total at Jade, each six levels high, with construction expected to complete in December 2015.
“Apartments of this size are experiencing the highest demand in a decade, particularly for young professionals looking for convenience and empty nesters looking to downsize and remain within easy reach of the city,” said Walsh.
“Combined with the development’s competitive price points and more buyers being drawn to property in the area, we’re expecting a strong level of enquiry.”
Jade will include three "park-like areas", with two barbecue areas. There will also be a gym and pool with sun deck and spa. Each apartment will include at least one secure basement car park.
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Arden Group launches $200 million Albion development

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Three Red Rooster sites in Brisbane have been sold to private investors for a total of more than $6.6 million, with the freestanding drive-through sites attracting interest in the formal tender process.
Savills Retail Investment Sales’ Peter Tyson and Michael Harcourt took the sites to market, located in Cannon Hill, Deagon and Kelvin Grove (pictured above), which have sold for $2.5 million, just under $2 million and $2.2 million respectively.
Deagon’s Red Rooster is under contract, although not yet settled. Yields are around 5%.
Tyson said interest in the sites was strong, with a total of 230 enquiries, 65 contracts distributed and 18 formal tenders received. They are cash deals.
“Auction clearance rates in Queensland are currently lower than in the southern states. The formal tender process requires buyers to submit unconditional bids within a private forum whilst maintaining the competitive tension of an auction,” he said.
Harcourt said that the security of prime retail investments, anchored by a well-known fast food brand, was attractive to investors.
He also said that the success comes from their high profile locations, and said that the freestanding retail food sector is strong.
“These are ideal investments for private investors and Self-Managed Superannuation Funds given their prominent locations and strong lease covenants to major national retail groups,” he said.
“Demand for these types of properties is running hot among private investors as they offer strong investment fundamentals at attractive entry level prices and ease of management.”
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Three Brisbane Red Rooster sites gobbled up for $6.6 million

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The Real Estate Institute of Queensland believe that Brisbane is preparing for its first consecutive sales increase in more than two decades for the June quarter.
Unusually robust winter sales are a sign the market is gathering momentum, explained REIQ acting CEO Antonia Mercorella.
<img src="/images/2014/07/28/graph%20july%2028%20one.jpg" alt="">
“Brisbane is set to record its first consecutive increase in June quarter sales since 1991-92,” said Mercorella.
“Traditionally this is one of Brisbane’s quieter selling periods but there has been a reversal of that trend over the last two years, as buyers grow more confident.”
She said that in fact demand is so strong that a shortage of stock is being reported across Brisbane. Sales growth of almost 10% was recorded  in the June 2013 quarter.
“Sales statistics haven’t been finalised for the current June quarter, but they are looking very encouraging,” she said.
Price growth is also being seen in Brisbane, with RP Data recording them as up 6.8% on 2013.
“Despite this growth, Brisbane still has a very significant affordability edge over Sydney, Melbourne and Perth where median prices remain much higher,” she said.
“With interest rates still at record lows, the outlook for Brisbane real estate is very positive and buyers can expect the market to continue performing strongly.”
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Brisbane on track to record consecutive quarter sales increase for first time in over 20 years

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Brisbane's median house price increased by 6.9% in the year to June 2014, according to new data from Australian Property Monitors.
On a quarterly basis, Brisbane's median house price rose by 1.5% - the eighth consecutive quarter of price growth for the city. The city exhibited the third highest quarterly and yearly rate of growth of any capital cities (behind Melbourne and Sydney).
The median house price of $477,352 is a record high for Brisbane, eclipsing its June 2010 peak. However, the figure is still below the national median of $627,940. Australian Property Monitors' results show that Brisbane's house market is the third cheapest in the country, with only Hobart and Adelaide having lower median house prices of $329,186 and $462,129 respectively.
Andrew Wilson, senior economist for Australian Property Monitors and the Domain Group, said the Brisbane housing market is "gathering momentum".
"Over the June quarter, the Brisbane median house price increased by +1.5% - a similar result to the +1.8% growth recorded over the March quarter," said Wilson.
"Having finally recovered from its previous price peak recorded in June 2010, the Brisbane median house price is now at a new record level of $477,352. Brisbane house prices increased by +6.9% over the year ending June which was the highest annual result for the city in four years."
Those <a href="/news/qld/brisbane-should-you-be-looking-at-a-house-or-unit">considering a unit or house in Brisbane </a>will note that rather than increasing, Brisbane unit prices actually decreased on a yearly basis, by 0.7%. The median price of a unit in Brisbane is now $364,641. In the quarter to June, the median unit price increased by 0.8%.
<img src="/images/2014/07/24/apm-chart-july-24-one.gif" alt="">
<img src="/images/2014/07/24/apm-chart-july-24-two.gif" alt="">
Source: Australian Property Monitors
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Brisbane house prices reach record high: APM

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All eyes are on Brisbane at the moment.
Many commentators are tipping price growth for the city, which some say is at an <a href="/expert-insights/terry-ryders-20-reasons-the-countrys-property-boom-isnt-over">earlier stage in its price cycle</a> than Sydney or Melbourne.
According to RP Data-Rismark's Home Value Index, Brisbane has seen a 7% increase in dwelling values in the 12 months to June, with a median dwelling price of $455,000. Brisbane's median price sits below Sydney's, Melbourne's, Perth's, Darwin's and Canberra's, and the city has exhibited much more price growth in the past year than the slightly cheaper Adelaide, where dwelling values increased only 2.9%
But if you're considering a Brisbane purchase, should you be looking at a house or unit? Property Observer breaks down the data.
Houses
The median price for a house in Brisbane and the Gold Coast was $480,000 for the quarter to June, according to RP Data. If you're looking for a property around that price, you might see something like <a href="https://www.realestate.com.au/property-house-qld-the+gap-116695639" target="_blank">1256 Waterworks Road in The Gap</a>, pictured below.
<img src="/images/2014/07/24/brisbane%20house.jpg" alt="">
About 20 minutes from the Brisbane CBD, the 1970s weatherboard three bedder sits on a 683 square metre block. It sold for $490,000 earlier this month.
If you are intending to rent out your Brisbane house, you can expect to see 4.5% yields. For houses, Brisbane offers the third best gross rental yields of all the capital city markets, behind Darwin and Hobart.
Asking rents for Brisbane houses have increased by 1.4% in the past 12 months, according to SQM Research's Weekly Rents Index, to $443.70 per week. For a three bedroom house, you can expect to attract around $419.90 per week. Houses have seen a 4.5% increase in asking rents in the past three years (5.1% for three bedroom houses) Brisbane currently sees a 2.4% vacancy rate for all homes. Houses in Brisbane increased in value by 7.2% in the last 12 months, according to RP Data.
For our take on Brisbane units, see the next page.
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Units
While Brisbane house prices have increased by 7.2% in the last year, Brisbane's units have seen slightly more modest growth in the same time. Units in the city have increased 5.4% in price on a year-on-year basis, and now have a median price of $385,000.
For that price, you might see a unit like this <a href="https://www.realestate.com.au/property-apartment-qld-enoggera-117011319" target="_blank">two bedroom apartment in Enoggera</a>, about 15 minutes from the Brisbane CBD.
<img src="/images/2014/07/24/brisunit.jpg" alt=""> It sold for $390,000 in early June. For a two bedroom unit in Brisbane, you can expect $352.40 per week in rent. The median weekly asking rent for all units in the city is $366.70. Unit asking rents have actually decreased slightly on yearly basis, down 0.1%. But three-year asking rent growth was higher for units than houses in the city, with a 4.6% increase against a 4.5% increase. You're likely to see more rent per dollar spent on purchase with a unit than you will with a house in Brisbane. Units in the city yield 5.4% according to RP Data, above 4.5% from houses. Brisbane's units offer the second highest yields of any capital city, with only Darwin units on top. House or unit? Houses have shown stronger price growth than Brisbane units in the past year, but units currently offer better rental yields.
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