<a href="https://www.apartments.com.au/developers/sunland-group">Sunland Group</a> has officially lodged plans for its first Gold Coast apartment project since the departure of the Abedian family from the company three years ago, unveiling a new high-rise proposal for a prominent Broadbeach corner site on Old Burleigh Road.

The application was submitted by an entity directed by Tom Jamieson, stepson of longtime Sunland leader Soheil Abedian, and Riaz Rezvanipour, brother-in-law of Sahba Abedian, Soheil’s son.

Sunland acquired the 1,283 sqm site on the corner of Old Burleigh Road and Armrick Avenue for $9.5 million late last year and is now seeking approval for a <a href="https://www.apartments.com.au/new-apartments/99-101-old-burleigh-road-broadbeach-qld-4218">42-storey tower with 81 apartments</a>.

<img alt="First look: Sunland Group returns to Broadbeach with new Old Burleigh Road tower plans" data-entity-type="file" data-entity-uuid="fea2946d-90ee-4cfc-babe-2a8ad5db2cb6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers.png?VersionId=BV0fihJw31nDIQ8ozY_h3GbS8mxDyhnm" />

Designed by <a href="https://www.apartments.com.au/architects/contreras-earl-architecture">Contreras Earl Architecture</a>, the proposed tower at 99-101 Old Burleigh Road would deliver a predominantly larger-format apartment mix aimed at the owner-occupier market. Plans include 17 two-bedroom apartments, 55 three-bedroom apartments, and nine four-bedroom residences across 35 residential levels.

The development also incorporates three basement levels, four podium parking levels, two levels of communal recreation facilities, and rooftop plant and equipment. A total of 189 car spaces are proposed, significantly exceeding the 90 spaces required under the planning scheme.

The architecture adopts a sculpted, curvilinear form, with deep wraparound balconies and integrated landscaping intended to soften the tower’s vertical expression. The planning report states the building’s “slender footprint/form provides a complimentary yet varied built form within the local streetscape” and contributes to “a varied, yet ordered skyline.”

Contreras Earl noted in its Architectural Statement that from the early stages, the project addressed a fundamental challenge: how to accommodate the required residential yield while avoiding the conventional model of a tower sitting on a rigid, fully resolved parking podium.

“The most direct response would have been to consolidate parking into a singular, flat podium and extrude a repetitive tower above,” the statement said. “While efficient, this approach would result in a consolidated built form with limited engagement with the surrounding landscape and public realm.”

Instead, the conventional podium model was “deliberately rejected”. The architects described the base of the building as “a landscaped architectural condition where structure, planting and circulation are integrated”.

“Rather than presenting a continuous built mass, the base of the building is articulated through a series of concrete planter elements that organise the podium into a fragmented system,” the statement said. “This approach reduces the perceived bulk of the lower levels while establishing a more permeable interface with the streetscape and adjacent open space.”

<img alt="Sunland" data-entity-type="file" data-entity-uuid="923fad8d-c960-4527-8fbe-975cf1ddf88d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%2010.32.03%E2%80%AFAM.png?VersionId=pngwb0hYOIUpq9vDw6F2EsOiVuHF3DiX" />

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The site sits within the High Density Residential Zone and inside the City of Gold Coast’s unrestricted “HX” building height area, where the planning framework anticipates intensified residential development tied to the expanding light rail corridor. The planning report notes the area is undergoing “transition toward more intense development forms” given its proximity to Broadbeach, Surfers Paradise, and high-frequency public transport infrastructure.

Positioned directly opposite Broadbeach Park and within walking distance of Florida Gardens light rail station, the development would sit among a rapidly evolving stretch of Old Burleigh Road that has become one of the Gold Coast’s most active apartment development corridors.

The application joins a growing pipeline of luxury residential projects reshaping Broadbeach, including nearby developments by 5Point Projects, Polycell, and Graya.

The planning report argues the project contributes toward the Gold Coast’s long-term housing targets under the South East Queensland Regional Plan, which forecasts the need for more than 100,000 additional high-rise dwellings across the city by 2046.

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The Abedian family departed Sunland Group in late 2023, ending a four-decade association with the company, and subsequently established the private development firm Abedian &amp; Co. The group is currently delivering <a href="https://www.apartments.com.au/new-apartments/greenmount-residences-cnr-hill-street-and-marine-parade-coolangatta-qld-4225">Greenmount Residences</a> at Rainbow Bay and recently launched <a href="https://www.apartments.com.au/new-apartments/18-mary-avenue-14-18-mary-avenue-broadbeach-qld-4218">18 Mary Avenue</a> in Broadbeach.
</section>

Joel Robinson

First look: Sunland Group returns to Broadbeach new apartment market with new Old Burleigh Road tower plans

The Minns Labor Government has established the new Bays West Delivery Authority to lead the development&nbsp;of the Bays West Precinct and Blackwattle Bay Precinct.&nbsp;

The Authority is charged with creating Sydney’s newest precinct, a thriving, connected, sustainable hub with White Bay Power Station as its cultural heart. Its vision is to build on the area’s natural, cultural and industrial history to shape a vibrant new neighbourhood.

The precinct will deliver up to 8,500 well-located homes, including a minimum of 10 per cent affordable and essential worker homes. Combine new housing with public open space, opening public access to the waterfront for the first time in more than 100 years, while retaining important deep-water facilities to support Sydney’s working harbour.

Located just minutes from the Sydney CBD and connected to a world-class metro, ferry, walking and cycling links, the Bays West precinct will rebalance housing growth towards well-serviced inner-city locations and help tackle the state’s housing crisis.

The Bays West Delivery Authority,&nbsp;an agency of the Department of Planning, Housing and Infrastructure, will report to the NSW Minister for Lands and Property who already has oversight of major precinct renewal projects including at Blackwattle Bay and Barangaroo.

As part of the broader Bays West transformation, the Minns Government recently announced that a proposal from Lendlease to redevelop part of the Bays West Precinct has progressed to Stage 2 of the NSW Government’s unsolicited proposals process.

<img alt="Sydney" data-entity-type="file" data-entity-uuid="2ed71eb9-d8e8-4fa7-b9d1-de4531dcf2f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%209.42.31%E2%80%AFAM.png?VersionId=IDryFIbped9SNDg72LEN_EecvhUsOPvp" />

The Minns Labor Government has also confirmed the Bays West precinct will have a new suburb name. This will be the first major suburb built in close proximity to Sydney’s CBD in decades and will encompass the area currently being referred to as Bays West, including Glebe Island and the White Bay Power Station. Served by a new Metro station just five minutes from the CBD, it will become one of the most populous suburbs in the Inner West and one of Sydney’s premier cultural destinations.

An early works program is taking shape, which&nbsp;includes the first stages of an international design competition.&nbsp;

The aim of the Bays West&nbsp;International&nbsp;Design Competition is to&nbsp;ensure design excellence is embedded in the project from the start. The competition will deliver an&nbsp;urban framework that defines the character, ambition and long-term identity of&nbsp;this&nbsp;former industrial precinct as it transitions to a vibrant, inclusive and sustainable residential&nbsp;neighbourhood.

The competition will be led by the Bays West Delivery Authority in partnership with Government Architect NSW.&nbsp;

It will launch with an invitation for a global Expressions of Interest, before moving to an invitation-only stage that will be assessed by a panel that&nbsp;will provide advice to Cabinet who will select a winner.

Premier of NSW, Chris Minns said the establishment of the new Authority is the first step in transforming the Bays West precinct into a vibrant, livable suburb minutes from the Sydney CBD and two stops from Hunter St Station on the Metro West line.

“The Authority will deliver well-located homes close to the heart of the city and integrate the new precinct with Blackwattle Bay and the new Sydney Fish Market.

“This is a generational opportunity to build a new suburb on the city’s edge and open the harbour foreshore to the public for the first time in a century.”&nbsp;

Minister for Lands and Property Steve Kamper said the new Bays West Delivery Authority established by the Minns Government will turbocharge the development of Sydney’s newest suburb.

“The Authority is working at a record pace to deliver an international design competition, planning pathways and a financial model so that this development benefits Sydney with well-designed homes in a central location, close to public transport, jobs, entertainment and essential services.

“If we want Sydney to stay liveable and affordable, we need to be bold about using underutilised government-owned land to deliver homes for the future while making sure essential working harbour functions can be accommodated.”

Bays West Delivery Authority established to "turbocharge" Sydney’s newest suburb

Around 400 additional homes could be built at Southwark Grounds on Port Road, lifting total site capacity from 1300 to around 1700 dwellings.

A recently approved code amendment would allow apartment towers of up to 14 storeys in some areas of Renewal SA’s redevelopment of the former West End Brewery.

Renewal SA Acting Chief Executive Shane Wingard said he welcomed the code amendment, with the increase in heights and homes making a positive impact on the supply of high-quality, well-connected housing close to the city.

“By going higher across some parts of Southwark Grounds, we are adding a substantial number of very well-located homes with little impact on project delivery time or planned open space,” Mr Wingard said.

Since the project officially launched in 2025, Mr Wingard said more than 12,000 enquiries had been received about living at Southwark Grounds.

“The very strong early interest we’ve seen since homes were first released in the precinct reinforces our plans to create more housing opportunities,” he said.

The Southwark Grounds code amendment was launched in December last year, with community engagement undertaken over five weeks from January.

It proposed increasing maximum building heights from eight to 14 storeys on the eastern section of Southwark Grounds, and to 12 storeys across the remainder of the site, with minimum building heights ranging from two to four storeys.

The code amendment was implemented through an Early Commencement policy in late January, allowing developers to quickly explore the viability of increased height and housing yield while other planning processes continue.

One of the first developers delivering apartment sites have already finalised redesigns to increase the number of apartments following the code amendment.

Samaras’ development adjacent to the future Colonel Light Park is now planning to deliver 125 apartments across 11 storeys, significantly greater than original plans of around 50 apartments across four storeys.

The developer is also exploring the potential for additional affordable housing outcomes.

Most of the apartments at Southwark Grounds will be delivered within a master-planned precinct on a large parcel of land on the eastern portion of the site, covering around two-thirds of its 8.4 hectares.

Wingard said detailed precinct planning over the coming months may identify further opportunities to increase yield further that could see total apartment numbers at Southwark Grounds, exceed this number.

Affordable homes at Southwark Grounds will also see a net increase, with Renewal SA maintaining its commitment to a minimum of 20 per cent affordable housing across the development.

&nbsp;

&nbsp;

Civil works have begun across the site, with construction under way on the first new roads surrounding a townhouse precinct in the south‑west corner of Southwark Grounds. This includes Renewal SA’s 17 Founder’s Row homes, which are on track for completion by Christmas.

“We expect to have people living at Southwark Grounds by the end of the year, so delivering roads and public spaces for those residents is among our highest priorities.”

Construction of 40 townhouses off Anderson Street, known as West Village and being delivered by Contour, is forecast to begin in mid‑2026. Kolabb’s Anderson Lane development will follow shortly after, delivering a further 26 townhouses.

Southwark Grounds is a state government‑led urban renewal project now set to deliver around 1,700 homes over the next decade.

Homes will be supported by a supermarket, a range of retail and hospitality offerings anchored by a revitalised Walkerville Brew Tower, a childcare centre, car parking and well‑connected public spaces.

400 new homes planned for Adelaide's former West End Brewery site

Brisbane developer&nbsp;<a href="https://www.apartments.com.au/developers/cavcorp">Cavcorp</a> has lodged plans for a new mixed-use residential development at <a href="https://www.apartments.com.au/new-apartments/55-wyandra-street-teneriffe-qld-4005">55 Wyandra Street</a>, Teneriffe, anchored by an 85-metre public laneway designed to reconnect the suburb’s riverfront with the Gasworks precinct.

The buildings, known as Teneriffe House and Teneriffe Lane, would replace the existing Queensland Cotton head office site with a 15-storey residential tower transitioning to eight storeys toward Helen Street. The project has been designed by Plazibat Architects and lodged as a code assessable development application for 93 apartments across a 3,401 sqm mixed-use site within the Newstead and Teneriffe Waterfront neighbourhood plan.

Central to the scheme is the transformation of an existing service easement into a publicly accessible cross-block connection linking Wyandra and Helen Streets. Cavcorp says the new laneway will act as both a pedestrian shortcut and a landscaped civic space between the Teneriffe Riverwalk, ferry terminal, and Gasworks precinct.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="26e7f058-b065-4de8-b13d-a2b8cb64dfcc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/bldg.png?VersionId=sELS0ZKYi361oYipUa1BIKfe_.DLZoFV" />

“The revised proposal delivers a legacy public-realm cross-block link, permanently secured for community use, transforming an existing private easement into a safe, high-quality pedestrian connection between the Teneriffe heritage riverwalk and the Gasworks–Long Island precinct,” the planning report states.

The laneway will sit beneath a large subtropical loggia integrated into the podium levels of the development. The design incorporates deep landscaping, water gardens, lobby spaces, business lounges, and ground-floor apartments to create what Cavcorp describes as a climate-responsive “urban verandah.”

The tower itself has been designed as a slender form with recessed floorplates and curved translucent corners inspired by contemporary Japanese architecture. The building height aligns with the Commercial Road precinct controls, which permit towers up to 15 storeys within proximity to Longland Street.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="a8a17d40-43b6-4718-b3fd-67676fcbb485" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers%202_1.png?VersionId=i3VwDtp5AmL_8InW7w4qRbDFEpb744Jt" />

The project will comprise a mix of larger-format apartments aimed at owner-occupiers, downsizers, and families. The proposed apartment mix includes 11 loggia apartments across the lower levels, 50 four-bedroom Sky-Terrace apartments from levels three to seven, and 32 Sky-Pool Homes occupying the upper tower levels. The Sky-Pool Homes will feature private thermal plunge pools integrated into oversized balconies.

According to the application, the apartments are intended to reinterpret the scale and character of Teneriffe’s woolstore conversions and Queensland homes within a vertical residential format.

“The sky-pool homes build on Cavcorp’s previous projects and introduce a distinct apartment typology to Teneriffe, informed by both local and international precedent and responding to an identified market demand for enhanced safety, space and amenity,” the planning submission notes.

A major focus of the proposal is its five-level wellness and lifestyle offering, extending from the basement through to the rooftop.

Amenities proposed include a rooftop Swim &amp; Racquet Club with a 25-metre Olympic lap pool and tennis court, coworking spaces and libraries, golf simulators, wine storage, concierge facilities, business lounges, pet wash areas, and rooftop longevity-focused wellness spaces with spas, outdoor fitness zones, and landscaped terraces.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="944b352c-49b9-4247-a4c6-5967b4b69fda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenity.png?VersionId=Ed_qKjAtMwFT.5gfl3jiA9QwdWxSMsaX" />

All parking will be concealed within basement levels accessed from Wyandra and Helen Streets. Cavcorp says the deep-basement engineering approach allows the entire ground plane to prioritise landscaping, pedestrian movement, and active frontage rather than vehicle infrastructure.

The development continues Cavcorp’s concentration in Newstead and Teneriffe, where the Brisbane developer has delivered a number of apartment projects including Lucent, Le Bain, and Luminare, as well as the Long Island Wellness Precinct nearby. Several of those projects have received national design and architecture awards, including recognition under Brisbane’s “Buildings that Breathe” program.

Cavcorp unveils wellness-focused Teneriffe House and Teneriffe Lane apartment buildings

Focus Group Investments has lodged plans for a new apartment development at <a href="https://www.apartments.com.au/new-apartments/64-70-hanover-street-fitzroy-vic-3065">64–70 Hanover Street</a> in Fitzroy, seeking to utilise the Victorian Government’s recently introduced Great Design Fast Track pathway to accelerate approvals for the project.

The proposal is among the latest developments to emerge through the state-led initiative, which was established to fast-track well-designed residential projects in activity centres and transport-connected inner-city locations. The pathway allows qualifying developments that meet elevated design and housing benchmarks to bypass traditional council planning timeframes and instead be assessed directly by the Department of Transport and Planning.

Designed by SJB, the development will comprise a mix of apartments above activated lower levels, with a strong focus on architectural articulation, landscaping, and communal amenity. The design response seeks to balance the industrial character of Richmond’s former warehouse precincts with a more contemporary residential form.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="abea51cc-d85b-479e-9aef-a589f3b37ca7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ground.png?VersionId=e1Kf8EyPWwyiVumtqQ4rM5S4GpOR3CCz" />

Proposed are 63 new dwellings, a wide ranging mix of studio, one-, two-, and three-bedroom apartments, and townhouses and duplexes. They will be spread across a part-three, part-eight storey building.

The Planning and Urban Context Report by Tract says the development is of an "exemplary architectural standard" and has been carefully crafted by SJB Architects.

"Dwellings&nbsp;will benefit from excellent access to natural light, cross-ventilation opportunities and extensive communal space," the report noted.

The architectural material highlights the project’s integration of landscaped elements and communal spaces throughout the building. The proposal also incorporates sustainability initiatives aligned with the Victorian Government’s push for higher-performing apartment developments under the fast-track program.

The Great Design Fast Track was unveiled by the Victorian Government in 2024 as part of a broader housing supply strategy aimed at accelerating the delivery of new homes. Projects assessed through the pathway must demonstrate high-quality architecture, sustainability outcomes, and housing diversity while being located close to public transport and existing infrastructure.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="afdbe834-8dc4-4a77-a943-ba07bc927348" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_11.png?VersionId=0J657j.TaChAZfp93wqJYBTqSsnREJx2" />

Focus Group, founder and led by Paul De Lutiis, is increasingly active across Melbourne’s inner suburbs, targeting well-connected urban renewal locations suited to medium and higher-density residential development. The Fitzroy proposal continues that strategy, leveraging the area’s strong transport links, established retail amenity, and proximity to the CBD.

Fitzroy has been one of the most popular spots for developers and buyers in recent years. The likes of PACE Development Group, SMA Projects, Crema Group and Chapter Group, currently selling projects in the suburb.

First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Fitzroy apartments

Carnegie

Located in Melbourne’s cosmopolitan south-east, Frater Group’s Carnegie residential project has been designed to embrace the vibrant urban lifestyle or the popular suburb.

14 Tranmere Avenue delivers an architecturally designed built form, with bold modernist lines, a balance of light and dark colours and smooth and textured finishes, creating a statement-making façade.

[smartcode_project:default project_id=112288 project_image_fid=194149]

The Preston-headquartered, Frater Group engaged Ben and Ben Architects to design the Carnegie project, with five townhomes planned for the site.

Three-bed, three-bath, two-car townhouses can still be snapped up at 14 Tranmere, with prices starting from $1,200,000.

Townhouse One is also still available, delivering one of the largest of the offerings of the project, spanning 190 sqm.

The ground floor incorporates a double garage, along with a retreat area, as well as an outdoor courtyard.

The first-level floor plan follows an open-plan layout, with one-bathroom and with the kitchen, dining and living flowing seamlessly onto an adjoining 15 sqm balcony.

[smartcode_project:default project_id=112288 project_image_fid=194148]

Three-bedrooms are housed on the second floor of the residence, along with an additional bathroom, as well as a powder room.

Townhomes Two, Three and Four span 178 sqm, with one bedroom, which is ensuited located on the ground floor and the additional bedroom and master bedroom located on the second floor, with both connecting to an ensuite bathroom.

The first floor of each of the townhouse follow similar layouts, with the open plan kitchen, dining and living adjoining to outdoor balconies.

Townhouse Five steps up in size once again, spanning 178 sqm.

[smartcode_project:default project_id=112288 project_image_fid=194152]

The master bedroom is located on the ground floor, with an ensuite as well as full-height sliding doors connecting to open-air courtyard.

Two additional bedrooms are planned for the second floor, along with one bathroom, while the first floor will provide the open-plan layout seen throughout the other homes.

14 Tranmere lands just a 10-minutes’ drive to world class shopping and dining at Chadstone, The Fashion Capital, along with being just minutes from one of city’s most iconic racing destinations, Caulfield Racecourse.

[smartcode_project_cta: project_id=112288]

Three-bed, three-bath, two-car townhouses can still be snapped up at 14 Tranmere, with prices starting from $1.2 million

alisonwarters@gmail.com

Inside Frater Group's Carnegie townhomes

The Melbourne-based builder developer Cornus has seen solid buyer demand in its Carnegie apartment development, Cornus Carnegie.

Around 20 per cent have sold since the launch, with the majority&nbsp;of the 61 two and three bedroom apartments snapped up by first home buyers who took advantage of government incentives earlier in the year.

Most of the apartments that have sold have been close to the $600,000 mark, which qualified for the first home buyer grant.

[smartcode_project:default project_id=96653 project_image_fid=158222]

Cornus were expecting a surge in first home buyers, and don&#39;t expect the appetite from first home buyers to&nbsp;cool off despite the government grants expiring at the end of June.

As house prices across Melbourne continue to rise, Cornus are receiving interest from buyers who have been priced out of the housing market and are keen on the fixed price for off the plan apartments.

The surge in the housing market however has seen the emergence of the downsizer, who are selling their larger homes at premium prices and looking to downsize to larger apartments.

Cornus told Urban that a lot of first home buyers had been drawn to Cornus Carnegie due to the location of the development.

[smartcode_project:default project_id=96653 project_image_fid=158220]

&quot;It&#39;s a really popular area and doesn&#39;t really have many properties for sale,&quot; Cornus said.

&quot;The coveted suburb has great amenities and is great for young people, with good restaurants, bars and cafes.&quot;

Two bedroom apartments in Cornus Carnegie start from $575,000, with the three bedroom apartments priced from $849,000. Completion is slated for the end of 2022.

Cornus has also recently launched Cornus Oakleigh, in the neighbouring suburb.

The development of 69 apartments and 10 townhouses has prices starting from $449,000 for one bedroom apartments, $549,000 for two beds and $789,000 for three bedroom apartments.

The three bedroom, two bathroom townhouses start at $1.15 million.

&nbsp;

Most of the apartments that have sold have been close to the $600,000 mark, which qualified for the first home buyer grant

Why first home buyers are snapping up apartments in Cornus Carnegie

Located in one of Melbourne&rsquo;s most established and culturally rich neighbourhoods, Lumi&eacute;re introduces elevated apartment living to the leafy locale of Carnegie.

Designed by T-A&nbsp;Square Architects,&nbsp;the expansive apartments perfectly reflect this atmosphere with the combination of abundant natural light and neutral colours evokes a warm inviting sensation&nbsp;

It is the latest from Asia One Pty Ltd,&nbsp;a boutique property development business based in Melbourne, another recent project of theirs Easton Residences in Mentone has sold out.

[smartcode_project:default project_id=6690 project_image_fid=27323]

Lumi&eacute;re has a lot to offer with a multitude of options for transport, shopping, food, drink, education and well serviced amenities.

Carnegie station;&nbsp;just&nbsp;a few minutes walk away will get you to the city in 30 minutes plus&nbsp;Chadstone Shopping Centre is only a short drive down Dandenong Road.

From casual cafes serving breakfast, lunch and dinner to sophisticated; fine dining restaurants showcasing cuisines and wines from around the world at your doorstep on Koornang Road.

[smartcode_project:default project_id=6690 project_image_fid=27325]

The kitchens are cleverly designed, equipped with an array of considered features from quality European appliances, large stone bench areas as well as effective integrated storage. Perfect for the home entertainer.

Equally impressive and just as luxurious; is the utilization of the natural Terrazzo flooring in both bathrooms and en-suites; elevating a detail more commonly overlooked.

Comprising just 19 units, the two bedrooms apartment are priced at&nbsp;$590,000.

Carnegie has a lot to offer with a multitude of options for transport, shopping, food, drink, education and well serviced amenities

jordan_55689

Carnegie's Lumiére designed to take advantage of the leafy surrounds

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An investor from Melbourne has paid $1.785 million, on a 3.8 per cent yield, for a multi-tenancy retail and residential investment, in the Melbourne suburb of Carnegie.
According to selling agents, Teska Carson’s George Takis and Commercial Bureau Real Estate’s Gideon Marcus, four parties from a 50 plus crowd contributed to the auction. 
“There was no doubt that this property was going to sell right from the outset as the bidders quickly bid and counter bid, one after the other, quickly reaching the reserve and selling on a  very tight yield for this area,” Mr Takis said. 
Located at 115 Koornang Road, the property comprises a 220 square metre, two storey, building including a ground floor retail tenancy, a rear ground floor, one bedroom apartment, and a first-floor, two bedroom apartment. 
The three tenants contribute to a combined net annual income of $67,860. 
The building sits on a 307 square metre site, zoned Commercial 1, with nearly seven metres frontage to Koornang Road and rear access via Neerim Road to on-site parking. There is additional public parking accessed via Kokaribb Road.
“The property offered a great opportunity to break into that highly regarded and tightly-held market in an area which will continue to see strong capital growth on the back of continued residential and commercial development,’’ Mr Marcus concluded. 
The vendor was a Melbourne based investor.
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wdavis-8cCN98p7xp

Carnegie mixed-use investment on Koornang Road sells

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Melbourne's south-east apartment market is set for a major boost with Melbourne developer Steller launching three projects in two weeks across Carnegie, Bentleigh and Cheltenham. Apartments.com.au is currently tracking Steller's project pipeline valued at over $4.2 billion, which includes its first high-rise foray in South Melbourne, working alongside longtime collaborator architect Ewert Leaf. Already the partnership has yielded hundreds of apartments across Melbourne's South Eastern suburbs.

Steller also recently commenced construction on the first stage of its $80 million Continental Hotel redevelopment in Sorrento. The major redevelopment will re-imagine the 143-year-old icon as a luxury accommodation, wellness, recreation, entertainment and dining destination, with the heritage hotel restored as a leading hospitality and events establishment, along with the addition of three new proposed interconnecting buildings, which will include premium hotel rooms and a wellness centre including a day spa and gym.

<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/continental_hotel-sorrento.jpg" rel="gallery-all" title="Work has commenced on the $80 million Continental Hotel development in Sorrento. Images: Supplied"><img alt="" class="image-article-full-width-580px" height="186" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/continental_hotel-sorrento.jpg?itok=TeJIBVrR" title="Work has commenced on the $80 million Continental Hotel development in Sorrento. Images: Supplied" width="580"></a>

<figcaption>Work has commenced on the $80 million Continental Hotel development in Sorrento. Images: Steller</figcaption></figure>Steller's trio of new apartment developments are all located within maturing apartment markets which are well serviced by public transport and within close proximity of retail strips, schools and supermarkets. Carnegie and Bentleigh in particular have benefited from the Victorian Government's Level Crossing Removal program which included the reconstruction of the respective stations, removing the conflict between rail and vehicle, while easing congestion.

Additionally, the three projects align with Steller's strategy in the south-east of delivering low-rise developments of around 30 apartments which are well designed and offer residents a high level of amenity.

<h2><a href="/buildings/laila-residences-7-11-belsize-avenue-carnegie">Laila - 7-11 Belsize Avenue, Carnegie</a></h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/am18-21_lailaresidences_domain_living_1920x1080.jpg" rel="gallery-all" title="Laila, Carnegie. Image: Steller"><img alt="" class="image-article-full-width-580px" height="326" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/am18-21_lailaresidences_domain_living_1920x1080.jpg?itok=tkYZj0lK" title="Laila, Carnegie. Image: Steller" width="580"></a>

<figcaption>Laila, Carnegie. Image: Steller</figcaption></figure>Located within the heart of Carnegie, Laila comprises 35 apartments across four levels, within walking distance of the Koornang Road retail and dining strip, green open space and the recently rebuilt Carnegie Station. The project also capitalises on its proximity to Chadstone Shopping Centre and Monash University’s Caulfield campus, both just just five minutes’ drive away in either direction.

Ewert Leaf's design for the exterior of the building allows it to sit comfortably within the low-rise streetscape. Employing a neutral palette of contrasting shades and highly textured materials, Laila is articulated as a series of buildings rather than one singular mass, with the upper level setback and designed to be visually recessive. The built form has also been designed to maximise privacy while minimising overshadowing to adjoining properties.

Laila's mix of one, two and three-bedroom apartments, each come with one or two bathrooms, and private outdoor spaces which seamlessly connect to the interiors, with large windows providing living areas with ample natural light and ventilation. The interiors feature timber flooring throughout, while kitchens are appointed with sleek black ILVE appliances and shaker style cabinets.

<h2><a href="/buildings/sora-13-15-hamilton-street-bentleigh">SORA - 13-15 Hamilton Street, Bentleigh</a></h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/steller_sora_bentleigh_digital_assets_domain_premium_project-gallery_photos_1920x1080px_012.jpg" rel="gallery-all" title="Sora, Bentleigh. Image: Steller"><img alt="" class="image-article-full-width-580px" height="326" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/steller_sora_bentleigh_digital_assets_domain_premium_project-gallery_photos_1920x1080px_012.jpg?itok=O5VI-U7x" title="Sora, Bentleigh. Image: Steller" width="580"></a>

<figcaption>Sora, Bentleigh. Image: Steller</figcaption></figure>Ewert Leaf are once again the architects behind SORA, a four-storey low-rise of 27 apartments located 15km from the Melbourne CBD in Bentleigh.  Providing a mix of larger one, two &amp; three bedroom apartments, SORA has been designed to appeal to professionals, couples and families.

Situated within walking distance of Bentleigh Station, SORA also benefits from its proximity to Coles, Target, and the Centre Road retail strip which provides an array of essential services and amenity. A number of green spaces are also located within a short walk.

SORA's exterior is characterised by its tiered form, and combination of timber, brick and textured concrete with planters and vegetation providing green flourishes on the facade. The building is expressed as two forms to respond to the built form along the Hamilton Street and to minimise its impact on the streetscape and surrounding properties.

Internally, SORA comes complete with ILVE kitchen appliances and much like Laila, shaker-style cabinetry and natural timber flooring. In keeping with the desire to provide apartments with natural light and ventilation, large windows have been provided which also allow for a green outlook and seamless transition to the outdoors.

<h2><a href="/buildings/maude-7-11-maude-street-cheltenham">Maude - 7-11 Maude Street, Cheltenham</a></h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/steller_mc_maude_street_cheltenham_digital_assets_domain_premium_project-gallery_photos_1920x1080px_01.jpg" rel="gallery-all" title="Steller's Maude is set to launch in the next week. Image: Steller"><img alt="" class="image-article-full-width-580px" height="326" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/steller_mc_maude_street_cheltenham_digital_assets_domain_premium_project-gallery_photos_1920x1080px_01.jpg?itok=dXB56Mya" title="Steller's Maude is set to launch in the next week. Image: Steller" width="580"></a>

<figcaption>Steller's Maude is set to launch in the next week. Image: Steller</figcaption></figure>Set to launch to market in the next week, this four-storey building comprising 34 apartments has been designed by regular Steller collaborators, Ewert Leaf. Look out for Apartments.com.au's feature on Cheltenham's development pipeline including Maude next week.
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Laurence Dragomir

A Steller showcase in Melbourne's south-east

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A retail property in Carnegie, Melbourne, has sold for $3.35 million.
The 66 Koornang Road property comprises a land area of 212 square metres and a building area of 150 square metres is leased to a Vietnamese restaurant trading as Pho 66.
The lease returns $84,872 per annum plus outgoings and GST and the sale reflected a yield of 2.53 percent.
Fitzroys agents Chris Kombi and Chris James said the sale reflected a land rate of $15,800 per square metre.
Kombi said the property attracted more than 150 buyer enquiries and had seven bidders at auction.
"The property is located just metres from the new Carnegie Railway Station currently under construction, which is part of the state government's $5 billion level crossing removal initiative and due for completion in 2017,” Kombi said.
"The property’s future value is underpinned by a rapidly growing residential catchment with a major transformation currently underway within the Koornang Road Activity Centre with a number of high rise residential developments completed nearby and approximately 15 others in various stages of planning and development."
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