Longstanding Gold Coast and Canberra developer <a href="https://www.apartments.com.au/developers/morris-property-group">Morris Property Group</a> is continuing to roll on with its Glitter Strip apartment pipeline, seeking to return to Mermaid Beach with a new 68-apartment development.

Morris, founded by Barry Morris in 1978 and one of the Gold Coast’s most prolific apartment developers over the past two decades, has filed plans for a 12-storey mixed-use building at <a href="https://www.apartments.com.au/new-apartments/36-seabeach-avenue-mermaid-beach-qld-4218">34-36 Seabeach Avenue</a>, on the prized eastern side of the Gold Coast Highway.

The 1,227 sqm site occupies a prominent corner position at Seabeach Avenue and the Gold Coast Highway, opposite the Mermaid Plaza retail and office precinct and around 140 metres walking distance from the future Mermaid Beach South light rail station.

<a href="https://www.apartments.com.au/architects/fraser-partners-0">Fraser &amp; Partners</a> has designed the project, which will comprise 68 apartments across a mix of 48 two-bedroom and 20 three-bedroom residences.

The building will rise 12 storeys, reaching a maximum height of 36 metres, with the apartments accounting for a total of 156 bedrooms. The development application also seeks approval for short-term accommodation across the 68 apartments, while two office tenancies are proposed at ground level.

The plans show 108 car spaces across the development, with parking accommodated at ground level and within a three-level basement accessed from Seabeach Avenue.

<img alt="Seabeach Avenue and the Gold Coast Highway" data-entity-type="file" data-entity-uuid="c2175c99-12fd-4a3c-9be1-89bbf258a90d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-20%20at%202.59.41%E2%80%AFPM_0.png?VersionId=iNLzWcE6gaAE76rafhEXfHve.4g4Se0p" />

Resident amenity will be concentrated on level two, where Fraser &amp; Partners has designed a recreation deck with a swimming pool, 90 sqm pool terrace, outdoor barbecue area and gym.

The broader communal offering will also incorporate landscaped spaces, with the planning documents noting the amenity has been designed to provide areas for recreation, social interaction and outdoor living.

The proposal would continue the transformation of the Gold Coast Highway corridor through Mermaid Beach ahead of the arrival of the light rail.

The site is zoned Neighbourhood Centre and sits within the Mermaid Beach/Broadbeach Light Rail Corridor neighbourhood plan. While the prescribed building height is 24 metres, the site is identified within an Urban Neighbourhood context providing for a 50 per cent height uplift to 36 metres.

Planning documents describe the stretch of the Gold Coast Highway between Broadbeach and Nobby Beach as increasingly characterised by medium and high-rise development, with the proposed Morris tower joining projects including Ventura, The Alfred, Oceans and Otto.

<img alt="Seabeach Avenue and the Gold Coast Highway" data-entity-type="file" data-entity-uuid="911f193f-e381-4a55-be08-58be87fcf978" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-20%20at%202.59.48%E2%80%AFPM.png?VersionId=oxVvLJaY.SOXEdXrIcogfyEXDfvCmmpM" />

The development would mark Morris Property Group's latest investment in Mermaid Beach, where it has already delivered two apartment projects.

Otto, at 1 Bondi Avenue on the western side of the Gold Coast Highway, comprises 70 apartments across nine storeys. The project was completed in 2019 and includes a residents' gym, recreation deck and swimming pool.

Morris also developed Oceans at 46 Ocean Street, a nine-storey, 70-apartment build-to-rent development completed in 2019. Oceans was the group's first build-to-rent project and incorporates commercial space at ground level.

The two existing Morris projects sit further north along the same Gold Coast Highway corridor as the proposed Seabeach Avenue development. Fraser &amp; Partners' planning analysis specifically identifies both Otto and Oceans among the established built-form precedents surrounding the site.

<img alt="Seabeach Avenue and the Gold Coast Highway" data-entity-type="file" data-entity-uuid="14925119-7b71-4812-8149-340317512c7c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-20%20at%203.00.15%E2%80%AFPM.png?VersionId=aEJqYuw_nTCjcin17BSD0piB1EFotTlj" />

Mermaid Beach represents only part of Morris' considerable Gold Coast footprint.

The family-owned developer has been particularly active in neighbouring Broadbeach, delivering projects including Sierra Grand, Eclipse, Synergy, Qube, Koko, Opus and Malo, while its current pipeline includes Maison and the two-tower Crest development.

Further south, Morris has also developed a string of projects in Burleigh Heads, including Element, Boardwalk and Sandbar, while Essentia expanded its footprint north into Surfers Paradise.

The Seabeach Avenue application has been lodged by PMM Broadbeach Pty Ltd and seeks a development permit for a Material Change of Use for multiple dwellings, short-term accommodation and office uses. Zone Planning Group prepared the planning application, with Fraser &amp; Partners commissioned as architect.

The project comes as the developer continues to expand its Gold Coast pipeline while retaining a significant presence in Canberra. Morris now has more than $2.5 billion of development in its national pipeline and has delivered more than 7,000 homes during its near five-decade history

Joel Robinson

First look: Morris Property Group returns to Mermaid Beach with new Seabeach Avenue apartment development

<a data-saferedirecturl="https://www.google.com/url?q=https://www.apartments.com.au/developers/fortis&amp;source=gmail&amp;ust=1787272340808000&amp;usg=AOvVaw3hvFB2uWTRfEyEcpTSnnK9" href="https://www.apartments.com.au/developers/fortis" target="_blank">Fortis</a>&nbsp;is continuing its stronghold on Sydn​ey’s eastern suburbs apartment market, launching&nbsp;in September&nbsp;its latest boutique&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://www.apartments.com.au/developments/double-bay-nsw-2028&amp;source=gmail&amp;ust=1787272340808000&amp;usg=AOvVaw0GI5S9-wNeiLUnM-d1uYkw" href="https://www.apartments.com.au/developments/double-bay-nsw-2028" target="_blank">Double Bay</a>&nbsp;development,&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://www.apartments.com.au/new-apartments/55-william-double-bay-55-william-street-double-bay-nsw-2028&amp;source=gmail&amp;ust=1787272340808000&amp;usg=AOvVaw2YNouJQcFjiTTgVHbgDLA-" href="https://www.apartments.com.au/new-apartments/55-william-double-bay-55-william-street-double-bay-nsw-2028" target="_blank">55 William</a>.

55 William presents&nbsp;just eight north-facing&nbsp;two-bedroom, three-bedroom and full-floor&nbsp;residences to the market, priced from $4.5 million.

The upcoming launch comes just weeks after Fortis secured approval for the $80 million development, its third eastern suburbs approval in two months. Construction is already underway, with completion targeted for 2028.

[smartcode_project:default project_id=152579 project_image_fid=376250]

55 William adds to a growing concentration of Fortis projects in and around Double Bay, a market the developer has become increasingly active in over recent years.

Fortis previously completed the nine-residence Marmont on New South Head Road, while it is currently developing a mixed-use residential and retail project at 12 Cross Street. Its wider Double Bay footprint also extends into commercial and retail development.

The developer's broader Sydney residential pipeline is particularly concentrated across the eastern suburbs, with projects spanning Doub​le Bay, Ro​se Bay, Wo​ollahra, Dar​ling Point, Poi​nt Piper and Eli​zabeth Bay.

[smartcode_project:default project_id=152579 project_image_fid=376253]

At 55 William, Fortis has again turned to MHN Design Union, the architecture practice behind several of its eastern suburbs projects, while London-based 1508 London has been appointed to handle the interiors and Wyer &amp; Co the landscaping.

The six-level building will comprise a combination of two and three-bedroom apartments, including a garden residence, full-floor apartments, a sub-penthouse and penthouse. Each residence will have secure basement parking and private outdoor space.

A rooftop terrace for all residents, along with select apartments, enjoys views across Double Bay Harbour and toward the Sydney skyline.

Ceiling heights will reach up to three metres&nbsp;in select residences, while the kitchens will feature natural stone and integrated Gaggenau appliances.

&nbsp;

&nbsp;

The boutique nature of the project reflects the type of stock Fortis has increasingly targeted across Sydney's eastern suburbs, where larger apartments and smaller buildings are being pitched primarily toward local owner-occupiers and downsizers.

Fortis Group General Manager Ed Eve said the developer continues to see demand from buyers wanting to remain in the eastern suburbs but move into newer, lower-maintenance housing.

“We're seeing continued demand from local owner-occupiers and downsizers looking for high-quality homes that allow them to remain in the eastern suburbs, close to the lifestyle and community they know,” Eve said.

55 William is also one of the early projects to respond directly to the NSW Government's Low and Mid-Rise Housing reforms. Fortis had previously secured approval for just two townhouses on the 599 sqm site before revising the scheme to eight apartments following the planning changes.

Situated one street back from Double Bay's water's edge, the project enjoys an enviable harbourside setting within walking distance of Double Bay Village and the ferry wharf.

[smartcode_project:default project_id=152579 project_image_fid=376252]

Fortis has increasingly made the eastern suburbs a major focus of its Sydney pipeline. Beyond Double Bay, it recently completed the 14-residence Piper in Point Piper and has projects underway or planned across Rose Bay, Woollahra and Darling Point.

The developer recently secured approval for Verano in Rose Bay, a six-level development comprising 21 two, three and four-bedroom apartments, also designed by MHNDU.

55 William&nbsp;is soon to be release to the market with VIP appointments commencing early September,&nbsp;with residences priced from $4.5 million.

[smartcode_project_cta:default project_id=152579]

Fortis continues eastern suburbs push with 55 William launch

UAE-based developer Arada has unveiled plans for a $2 billion twin-tower apartment development in Broadbeach, marking its first move into Queensland as it continues its rapid expansion across Australia.

Arada will develop 952 apartments across two towers on a prominent site opposite the Gold Coast Convention and Exhibition Centre, with the project targeted for completion ahead of the Brisbane 2032 Olympic and Paralympic Games.

The project represents Arada's largest commitment to the Australian market since arriving in the country in 2024 and significantly expands a local pipeline that has now grown to eight projects and more than 5,000 homes.

It will also be the first major Queensland project delivered by Roberts Co since the tier-one contractor was acquired by Arada Group in 2025.

Plus Studio has designed the Broadbeach development, which will comprise one, two and three-bedroom apartments across two towers connected by a landscaped podium.

A significant resident amenity offering will include lagoon and lap pools, a gym, sauna and steam room, alongside a mist room, infrared room and salt scrub facilities. Communal terraces, private dining areas, a library, residents' lounge and work-from-home spaces are also planned. Around 1,200 sqm of retail and hospitality space will occupy the ground floor.

The site puts Arada in one of the Gold Coast's most active apartment markets, directly opposite the convention centre and within walking distance of Pacific Fair, The Star Gold Coast and Broadbeach's dining and retail precinct.

It also has immediate access to the Gold Coast light rail network and sits just a few blocks from the beach.

Arada Group Chief Executive Ahmed Alkhoshaibi said Broadbeach represented an opportunity for the developer to expand beyond its initial NSW pipeline.

“Broadbeach is a world-class address that gives us the canvas to create a community of exceptional design and lifestyle quality that genuinely enriches the daily lives of the people who call it home,” Alkhoshaibi said.

“This is our first development outside New South Wales, and it reflects our growing ambition to grow in key urban markets around the country.”

Alkhoshaibi said bringing Roberts Co into the project would give Arada greater control over the development and construction process.

“Delivering this project through Roberts Co, our own tier-one construction business, means we can bring the quality, pace and accountability that our buyers expect.”

The move into Broadbeach comes as Arada accelerates its Australian expansion following its entry into the market two years ago. The developer has assembled a pipeline of eight projects comprising more than 5,000 homes, while the acquisition of Roberts Co last year gave the group its own Australian construction capability.

Globally, Arada has a development portfolio valued at $50 billion comprising more than 55,000 homes across the UAE, United Kingdom and Australia.

The Gold Coast is emerging as the next major market for the developer, with strong population growth and infrastructure spending ahead of the 2032 Games continuing to underpin significant apartment development across the coastal strip.

Arada plots $2 billion Broadbeach towers in major Queensland move

Sydney’s downsizer market is changing, with a growing cohort of buyers prioritising the right home over simply finding a smaller one.

Coronation Property Head of Sales Cam Porter says the traditional idea of downsizing does not necessarily reflect what many buyers are now looking for, particularly those moving from established family homes across Sydney.

Instead, he says they are increasingly becoming “right-sizers”, seeking lower-maintenance homes without sacrificing the space, amenity or quality they have become accustomed to.

“We are increasingly seeing buyers who are not motivated by the idea of simply moving into a smaller property,” Porter says.

“They are right-sizers. They want a home that is easier to manage and better connected, but they still expect generosity, quality and a floorplan that supports the way they live.”

It is a subtle but important distinction in a market where apartment developers are increasingly targeting established owner-occupiers.

[smartcode_project:default project_id=135149 project_image_fid=377495]

For many of these buyers, moving from a house to an apartment is not driven by a desire to dramatically reduce their living space. Instead, the appeal is in removing some of the maintenance associated with a larger home while retaining generous living areas, storage and enough flexibility to accommodate family and friends.

Coronation’s sales team is seeing buyers place particular importance on natural light, practical storage and additional rooms that can be used as guest bedrooms, home offices or secondary living spaces.

Kitchens and dining areas are also playing an increasingly important role, particularly for buyers who regularly entertain or have children and grandchildren visit.

[smartcode_project:default project_id=135149 project_image_fid=377494]

“These buyers still want their home to feel generous,” Porter says.

“They may want less maintenance, but they are not looking for less life.”

The challenge for the broader housing market is providing enough of the right stock to encourage that move.

While much of the discussion around Sydney’s housing shortage has centred on the number of homes being delivered, Porter says the diversity of those homes is equally important.

Older homeowners can remain in large family houses for longer when they cannot find an appropriate alternative in the neighbourhoods where they have built their lives.

“The decision is rarely as simple as wanting fewer bedrooms,” Porter says.

“People are weighing up their connection to a neighbourhood, the space they need for family, the quality of the home and whether it will continue to work for them over the long term.”

It also has implications beyond the downsizer market. Providing suitable apartments for smaller households can free up established houses for families who need the additional bedrooms and land, creating greater movement through the housing market.

<h2>Lillian targets the next stage of apartment buyer</h2>

It is a buyer Coronation is targeting at <a href="https://www.apartments.com.au/new-apartments/lillian-erskineville-9-metters-street-erskineville-nsw-2043">Lillian</a>, its new collection of apartments, terraces and penthouses at Erskineville Village.

Designed by Silvester Fuller, Lillian has been shaped around larger living spaces, natural light and flexible floorplans, alongside landscaped areas, wellness amenity and communal spaces for residents.

The development will form part of Coronation’s broader Erskineville Village precinct, which will combine new homes with green space, retail, hospitality and new pedestrian connections.

[smartcode_project:default project_id=135149 project_image_fid=377688]

McPherson Park will sit at the centre of the precinct, creating a significant new green space alongside the project’s retail and hospitality offering.

For Porter, the opportunity is to give buyers another housing option without forcing them to leave the part of Sydney they already know.

“People should be able to change the type of home they live in without having to change their entire life,” he says.

“For many buyers, Lillian offers the opportunity to remain connected to the Inner West and the city, while gaining access to a more convenient, walkable and considered way of living.”

[smartcode_project:default project_id=135149 project_image_fid=377687]

Coronation will explore the changing <a href="https://lillianresidences.com.au/news/lillian-x-space-x-downsizers-event-27-august/">right-sizer market at an event on August 27</a>, bringing together experts across property, design and lifestyle.

Held in partnership with SPACE, Poliform and Downsizer.com.au, the event will include a property market outlook from economist Michael Blythe alongside discussion around the considerations facing buyers planning their next move.

Attendees will also be able to learn more about the residences and amenity planned at Lillian Erskineville.

[smartcode_project_cta:default project_id=135149]

From downsizing to right-sizing: What Sydney buyers want from their next home

Family-owned builder and developer <a href="https://www.apartments.com.au/developers/omaya">Omaya</a> is bringing its 27-storey The Maybelle development to market, with the 229-apartment tower rising alongside Ismay Reserve near North Strathfield.

<a href="https://www.apartments.com.au/new-apartments/the-maybelle-21-parramatta-road-homebush-nsw-2140">The Maybelle</a> will comprise one, two and three-bedroom apartments, with its height providing elevated outlooks towards the Sydney skyline and Harbour Bridge, while other residences will look across neighbouring Ismay Reserve.

Designed by <a href="https://www.apartments.com.au/architects/squillace-architects">Squillace Architects</a>, the tower combines its parkside setting with proximity to the established retail, dining and transport amenity around North Strathfield.

[smartcode_project:default project_id=134873 project_image_fid=376196]

Residences will feature open-plan living spaces and a choice of two interior schemes, while communal amenity is spread across two elevated levels of the building.

Level 8 will be home to the Garden Pavilion, a full-floor resident space incorporating communal entertaining and breakout areas, seating and recreation spaces. Further up the tower, a landscaped Sky Terrace on Level 14 will provide another communal area with panoramic views towards the Harbour Bridge and Sydney skyline.

At ground level, the development sits directly alongside Ismay Reserve, where lawns, walking paths, children's play areas, picnic spaces and recreational facilities extend the green space available immediately around the project.

[smartcode_project:default project_id=134873 project_image_fid=376194]

The Maybelle is also within walking distance of North Strathfield and the Bakehouse Quarter, which provides a mix of cafés, restaurants, shops and everyday services.

Existing rail and bus services provide connections across Sydney, while the future North Strathfield Metro and access to the M4 will add to the transport options available around the precinct. Walking and cycling routes also extend via Powells Creek towards Sydney Olympic Park and its sporting, entertainment and parkland precincts.

Families are also well positioned for access to a broad selection of established schools and education options across Strathfield and the surrounding Inner West.

[smartcode_project:default project_id=134873 project_image_fid=376181]

Omaya has operated in Sydney for more than 35 years, managing projects from acquisition and design through to construction and delivery. The family-owned company is both developer and builder of The Maybelle.

Apartments start from $560,000, with the development protected by 10-year Latent Defects Insurance.

Construction is well underway, with completion expected by the end of 2026 and move-in anticipated from Q1 2027.

[smartcode_project_cta:default project_id=134873]

The Maybelle brings 27-storey parkside tower to market near North Strathfield

CBRE

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Inner and metropolitan Melbourne is currently flush with development sites listed with the city's largest real estate firms, all of whom are still eager to cash in upon the favourable market factors allowing for consistently high sales prices.

A sweep through available listings sees scarce few truly blue-chip development sites on offer, but rather an abundance of noteworthy (some may argue secondary) development sites capable of handling a multitude of predominantly apartment projects. While development sites are always in demand, the increased number of permit approved development opportunities is also on the rise.

Seen below is an overview of what is currently on offer.

<h2>CBRE City Sales remain the dominant force</h2>

CBRE City Sales account for the majority of large development sites and schemes on offer. The most recent addition is 18 Moray Street on Southbank which has been offered for sale with a residential development scheme of 47 levels mooted over the 438sqm site. Also on Southbank and 57-59 Haig Street is also offered for sale, with an approved Bruce Henderson-designed 39 level apartment tower in tow.

Two additional heavyweight development sites are also under the guidance of CBRE City Sales; they being 596 St Kilda Road and 8 Claremont Street, South Yarra. Both plots are expected to see 20-odd level residential projects in due course.

Of the plethora of additional sites with CBRE City Sales up for grabs, a number stand out for differing reasons. <a href="/new-apartments/686-doncaster-doncaster">682-686 Doncaster Road Doncaster</a>, 808 Sydney Road Brunswick and 111 Canning Street North Melbourne are available with approved planning permits attached while <a href="/new-apartments/100-park-street-south-melbourne-vic-3205">100 Park Street South Melbourne</a> presents as one of the few projects which is available for purchase with significant apartment pre-sales in place. Developer 94 Feet has elected to move the site on.

Of the remaining CBRE City Sales listings 1234 Nepean Highway Cheltenham and 409 Spencer Street West Melbourne shape as likely residential plots capable of handling high-rise projects.

<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/image94.jpg" rel="gallery-all" title="Assorted projects within the CBRE City Sales stable"><img alt="" class="image-article-full-width-580px" height="346" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image94.jpg?itok=bCzHDi9D" title="Assorted projects within the CBRE City Sales stable" width="580"></a>

<figcaption>Assorted projects within the CBRE City Sales stable</figcaption></figure><h2>A clean slate</h2>

There is no shortage of traditional knock-down development sites on offer,although there'll be no knocking down of the first site shown below. Among Colliers healthy number of listings is 150 Oxford Street Collingwood. Covering 3,336.4sqm, the site sits within the Foy &amp; Gibson precinct and has been touted as a likely candidate for additional levels to be added above the existing structure.

Notable sites also with Colliers include 22-28 Courtney Street North Melbourne and The Millennium Site at 1000 La Trobe Street which has been <a href="/news/opportunity-arises-from-a-failed-digital-harbour-development">covered on Urban.com.au previously</a>.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image109_0.jpg" rel="gallery-all" title="Prospective development sites yet to enter the planning sphere"><img alt="" class="image-article-full-width-580px" height="435" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image109_0.jpg?itok=QlvCWD9A" title="Prospective development sites yet to enter the planning sphere" width="580"></a>

<figcaption>Prospective development sites yet to enter the planning sphere</figcaption></figure>Fitzroys are offering 63-69 City Road Southbank with an indicative outline suggesting a slim tower in the vicinity of 200 metres is on the cards while JLL have listed 87-105 Racecourse Road North Melbourne. At 6,500sqm the site could accommodate multiple buildings in any chosen form.

Perhaps most interesting is 134-148 Little Lonsdale Street and 17-23 Bennetts Lane Melbourne with Mulcahy &amp; Co listing the 1,543sqm site. In what was once a low-rise precinct, the area has seen intense residential development including the completed 57-level Abode 318 and the proposed 52 level 141-149 La Trobe Street which backs on to Bennetts Lane.

<h2>Permit approved sites lessen the workload</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/image97.jpg" rel="gallery-all" title="a variety of approved development schemes currently on offer"><img alt="" class="image-article-full-width-580px" height="432" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image97.jpg?itok=-bFDJr6I" title="a variety of approved development schemes currently on offer" width="580"></a>

<figcaption>a variety of approved development schemes currently on offer</figcaption></figure>The term 'flipping' has become quite prevalent of late, with negative connotations associated with the term in certain circles. It could be argued more often than not though the selling of permit approved development sites is generally the result of land owners realising the worth of their land, but also not having the financial means or experience to bring a given development to fruition.

Seen above are another five permit approved development sites currently available. Vinci Carbone have<a href="/developments/north-melbourne-vic-3051"> 3-5 Bedford Place North Melbourne</a> as being 'under contract' while Crabtrees' <a href="/buildings/chester-3-chesterville-road-cheltenham">3 Chesterville Road Cheltenham</a> is also available, involving 32 apartments within a six level development.

Others ready to go include <a href="/buildings/m-carnegie-316-neerim-road-carnegie">316-320 Neerim Road Carnegie</a>, 3-7 Noble Street Noble Park with 92 approved apartments, <a href="/new-apartments/53-earl-street-kew">53 Earl Street Kew </a>and 2-8 Barry Street, Brunswick. Combined these six projects could yield 282 if realised.
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silvermb

Development sites to the fore

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Recently Apartments.com.au <a href="/news/the-tannery-and-hopkins-street-launch-footscrays-joseph-road-precinct">broke the news</a> that <a href="/new-apartments/footscray-vic-3011">Footscray's</a> Joseph Road Precinct will begin its transformation into an inner-city residential enclave with the release of Riverina Apartments. Located less than five kilometres from Melbourne's CBD, Riverina Apartments also presents as developer AZX Group's vanguard Australian development, with further projects planned along the Eastern Seaboard.

<a href="http://www.cbresi.com.au/about/peopleDetails.aspx?ProfileID=29">Nic Cuni</a> as Director of CBRE's Residential Projects was on hand to guide Apartments.com.au through the now open display suite, providing an overview of <a href="/buildings/riverina-22-hopkins-street-footscray">Riverina Apartments</a> which has seen the project's first stage already garner strong sales.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/img_2627.jpg" rel="gallery-all" title="Riverina's display suite model up close"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/img_2627.jpg?itok=DX0kXXW_" title="Riverina's display suite model up close" width="580"></a>

<figcaption>Riverina's display suite model up close</figcaption></figure>Within close proximity to the <a href="/new-apartments/maribyrnong-vic-3032">Maribyrnong</a> River, Nic Cuni explains that the <a href="/architects/peddle-thorp-architects">Peddle Thorp-designed</a> complex will be split into stages. Initially available for purchase are apartments within the podium and buildings D, C and E; all of which which front Hopkins Street.

Subsequent stages will see the dual 31 level residential towers delivered, creating a heightened level of living to Footscray with unfettered views to all directions. Overall Riverina Apartments will provide in excess of 950 new dwellings while also delivering Melbourne's inner West with a highly visible marker.

To date Riverina Apartments' strong early sales has seen a considerable number accounted for over the available buildings, with a mix of domestic and overseas buyers securing apartments at competitive prices. One, two and three bedroom apartments are available with an entry point of $255,000, while four bedroom penthouses crowning each tower as seen above are also available.

<blockquote>
CBRE have just released Riviera to our Victorian database, only to receive the biggest response ever fielded. So much so we expect to sell out of stage one soon after our grand opening during July.

The market has understood the value proposition that Riverina offers, with Melbourne's affordability issues in part addressed by releasing apartments from $255,000.
<cite>Nic Cuni</cite>
</blockquote>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image239.jpg" rel="gallery-all" title="Representative kitchen and bedroom finishes"><img alt="" class="image-article-full-width-580px" height="256" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image239.jpg?itok=8SPhYOwO" title="Representative kitchen and bedroom finishes" width="580"></a>

<figcaption>Representative kitchen and bedroom finishes</figcaption></figure>The display suite demonstrates the bright, open apartment format created by Peddle Thorp. Kitchens and bathrooms are simple, modern and convenient with an emphasis on functionality while bedrooms feature neutral tones.

Floor-to-ceiling windows and expansive living areas point toward the desire of the development team to create apartments that capture the maximum amount of light possible.

<blockquote>
We have addressed quality by using well known appliances and showcasing interiors designed by Peddle Thorp. Buyers get a unique opportunity to buy an exceptional apartment within five kilometres to the CBD from $255,000.

It's an opportunity to enjoy a high yielding investment that has huge growth potential and Riverina's mix of apartments will appeal to first home buyers, downsizers and the local area investor!
<cite>Nic Cuni</cite>
</blockquote>

A feature of Riverina Apartments will be an expansive internal courtyard which opens to Warde Street. Surrounded by hanging greenery, the courtyard and garden area headline project amenities which include rooftop entertainment and barbecue areas, rooftop swimming pool, sauna and spa, private dining/entertaining rooms and a gymnasium.

An activated ground level will see a slew of retail and entertainment options with the project maintaining frontage to four separate streets. Specialty and large-scale retailers will constitute the mix with a supermarket expected to underpin retail activities which stretch across the 9,500sqm site.

<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/image237.jpg" rel="gallery-all" title="Riverina's penthouses with their distinctive exterior. Image courtesy CBRE"><img alt="" class="image-article-full-width-580px" height="330" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image237.jpg?itok=UtzAGhvH" title="Riverina's penthouses with their distinctive exterior. Image courtesy CBRE" width="580"></a>

<figcaption>Riverina's penthouses with their distinctive exterior. Image courtesy CBRE</figcaption></figure>
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Footscray's Riverina Apartments powers ahead

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Property fund manager, Vantage Property Investments, has raised $17.6 million on an overall passing yield of 7.4% for three Victorian industrial assets in separate deals negotiated by Savills Australia in conjunction with CBRE.
The properties at Epping, Keysborough and Notting Hill, comprising four buildings – office/warehouses and showrooms - totalling 10,421 square metres on 23,475 square metres of land, were sold subject to five to ten year leases with an average WALE of 5.4 years and a combined rental income of $1.318 million.
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Vantage raises $17.6m with industrial portfolio sale

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Verde, the 12-story South Brisbane residential building will seek to embrace South East Queensland’s climate, with 82 environmentally sustainable, lifestyle friendly, spacious apartments.
Set 15 minutes walk from the centre of Brisbane, Verde will feature the largest vertical garden in Queensland as its centrepiece.
The north and south facing walls will be covered in 480 square metres of plants including herbs and succulents.
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"It’s my vision to help make Brisbane a greener city,” VCP Developments and Modern Architecture Practice spokesman Paul Obod said.
the 12-story building would embrace South East Queensland’s climate, with 82 environmentally sustainable, lifestyle friendly, spacious apartments.
“Verde blends cutting edge design, innovation and sought after luxuries including a rooftop infinity pool and an expansive barbeque and entertaining area.” 
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Verde is being marketed by CBRE Residential Projects director Jon Rivera, who will launch Verde to the market this month.
There are already 20 lodged expressions of interests from apartment buyers.
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“What’s unrealistic in the southern states is a reality in Brisbane and it all comes together at Verde.” 
Two bedroom, two bathroom apartments, with a carspace, start at $585,000, with three bedroom penthouses starting at $1.4 million. 
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Verde to feature Brisbane's largest vertical garden

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It was reported last week that developer Future Estate is the successful new owner of a vast tract of development land within Pentridge Village. Expected to fetch $30 million via a sales campaign held by CBRE, the final price tag was a <a href="http://www.afr.com/real-estate/commercial/developer-buys-last-pentridge-prison-sites-20150408-1mgkw9">reported</a> $27 million.

And for that price Future Estate now holds land reserves totalling approximately 41,000sqm, located 7.5 kilometres from the CBD. Covering twelve separate sites with the largest at 5,591sqm, the purchase allows Future Estate the opportunity to deliver multiple buildings over an elongated timeframe.

Included within the 41,000sqm plot are a handful existing/semi-completed retail spaces. The retail offerings are expected to be expanded within the development, in line with existing masterplan which seeks mixed-use outcomes for the land involved.

Pentridge Village hasn't been the only success for Future Estate of late with their current Melbourne apartment project selling strongly. <a href="/buildings/parc-vue-1091-plenty-road-bundoora">Parc Vue</a> at Bundoora Park has sold in excess of 85% of apartments within the first stage of the development, which will see 138 one and two bedroom apartments delivered over eight levels.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/141112parcvueextb-1024x719.jpg" rel="gallery-all" title="Parc Vue Bundoora. Image courtesy MAP Architecture"><img alt="" class="image-article-full-width-580px" height="350" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/141112parcvueextb-1024x719.jpg?itok=-RbWRIHn" title="Parc Vue Bundoora. Image courtesy MAP Architecture" width="580"></a>

<figcaption>Parc Vue Bundoora. Image courtesy MAP Architecture</figcaption></figure>Designed by MAP Architecture, the project will upon completion see six buildings and 361 apartments built in middle-ring Bundoora, with ancillary commercial space totalling 1,100sqm included.

Gazing upon Pentridge Village once more, Future Estate's purchase joins a recently released apartment development in bolstering the until recently languishing precinct. Horizon Coburg is the first apartment release of any note for the precinct since the ill-fated <a href="http://architizer.com/projects/air-pentridge/">AIR Pentridge</a> tower the best part of five years ago which would have injected hundreds of apartments into the area.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/coburg-high-rise-apartments-01.jpg" rel="gallery-all" title="Horizons Coburg. Image courtesy PRO_ARK"><img alt="" class="image-article-full-width-580px" height="327" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/coburg-high-rise-apartments-01.jpg?itok=n74dV2nH" title="Horizons Coburg. Image courtesy PRO_ARK" width="580"></a>

<figcaption>Horizons Coburg. Image courtesy PRO_ARK</figcaption></figure>Covered on Apartments.com.au at the turn of 2014, the then application on behalf of Taiwanese-backed Shayher Group sought to <a href="/news/h-division-likely-to-go-as-pentridges-rebirth-gathers-momentum">demolish the infamous H Division</a> within the prison grounds. With demolition now complete, civil works have commenced with the construction commencement on the radar.

Horizon Coburg seeks to add two and three bedroom apartments within two buildings.

On a wider note the stirring of Pentridge is in line with a general increase in planning activity throughout Coburg. Epworth Hospital are seeking to deliver <a href="http://www.heraldsun.com.au/leader/north/epworth-healthcare-launches-private-hospital-bid-on-moreland-council-land-bordered-by-bell-drummond-and-urquhart-streets/story-fnglenug-1227020120310">a new facility</a> fronting Bell Street, the long vacant <a href="/developments/coburg-vic-3058">81 Bell Street</a> is subject to a new 391 apartment project whilst <a href="/new-apartments/coburg-vic-3058">Major Anderson Apartments</a>' site demolition is complete with SP Projects poised to begin construction.
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Future Estate: The future of Pentridge Village

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Last week Meinhardt Australia held their <a href="http://practicalimagination.info/imagin8/skyscraper-trends-in-melbourne-from-super-skinny-to-prefabulous/">Skyscraper Trends In Melbourne: From Super Skinny To ‘Prefabulous’</a> seminar which brought together a select group of Melbourne's development industry elite to consider the influences shaping the future direction of Melbourne's built form. The latest in a string of successful seminars held under the <a href="http://practicalimagination.info/">Practical Imagination - imagin8</a> banner, Apartments.com.au was present to cover the informal yet highly relevant gathering.

Speakers included three Meinhardt representatives with National Director - Land Development Jon Brock commencing proceedings, Managing Director of CBRE Residential Projects Andrew Leoncelli and Hickory Group Joint Managing Director George Argyrou. All presentations gave a synopsis of the current Melbourne market from their respective positions and explored likely future trends and innovations.

Followed by a lengthy open forum discussing all matters relevant, the evening provided great insight into Melbourne's trend of building taller buildings, and the fundamentals/technologies that underpin it. While further in depth articles will appear on Apartments.com.au in coming weeks, the most pertinent information for Apartments.com.au's readers were within the presentations of Jon Brock and George Argyrou; summaries of both are found below.

<h2>Jon Brock: the Victorian town planning context</h2>

Leading off Jon Brock spoke of the context in which Melbourne's tall towers have been allowed to flourish, alluding to strong population growth and Plan Melbourne's focus upon urban renewal. Also sighted within the presentation was the Metropolitan Planning Authority (MPA) whose role was effectively described as Melbourne's "Tall tower decider."

Given Menhardt's extensive catalogue of projects, urban renewal areas such as Fishermans Bend and Arden-Macaulay were discussed at length with Jon Brock citing <a href="/new-apartments/60-82-johnson-street-south-melbourne">60-82 Johnson Street, South Melbourne</a> and 114-116 Haines Street, North Melbourne (seen below) as prime examples where negotiations with the relevant planning body let to agreed upon development outcomes that benefited all parties.

Paraphrasing Jon Brock in relation to 60-82 Johnson Street, no one particularly cared that an additional four levels were added to the tower, of primary concern is podium interaction and increased public space. Also discussed was Arden-Macaulay where higher density is envisaged, and likely to be implemented via the <a href="http://www.melbourne.vic.gov.au/BuildingandPlanning/Planning/planningschemeamendments/Pages/AmendmentC190.aspx">C190 amanedment</a> which has been delayed to a degree due to East West Link.

<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/image137_1.jpg" rel="gallery-all" title="Images taken from Jon Brock's presentation"><img alt="" class="image-article-full-width-580px" height="317" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/image137_1.jpg?itok=lKHDbQy0" title="Images taken from Jon Brock's presentation" width="580"></a>

<figcaption>Images taken from Jon Brock's presentation</figcaption></figure>Melbourne's new residential zones were also discussed, along with potential implications for existing high density areas due to tracts of land being locked away from redevelopment. Tips and pitfalls for successfully gaining project approval were also discussed in what was a comprehensive talk delivering a lot of otherwise unattainable information to the assembled audience.

A comprehensive overview of Jon Brock's presentation can be viewed online via the <a href="http://practicalimagination.info/wp-content/uploads/2014/10/imagin8_presentation-Tall-Buildings-3.pdf">practical imagination</a> website.

<h2>George Argyrou: Hickory Group leads the industry with HBS</h2>

Co-founder of Hickory Group and Managing Director George Argyrou was on hand to explain how Hickory has strived to make itself the industry leader in terms of pioneering new construction technologies. Providing a timeline of company achievements which includes the widespread use of Unitised Building, George Argyrou went on to speak of the unbridled success of Sync bathroom pods which now holds Australian orders in the thousands.

<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/image134_0.jpg" rel="gallery-all" title="The Hickory Building Sytstem module. Image courtesy Hickory"><img alt="" class="image-article-full-width-580px" height="338" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/image134_0.jpg?itok=ZWMW-VcY" title="The Hickory Building Sytstem module. Image courtesy Hickory" width="580"></a>

<figcaption>The Hickory Building Sytstem module. Image courtesy Hickory</figcaption></figure>While the Sync bathroom system goes from strength to strength, Hickory have devised a new unitised construction technique aimed purely at high-rise structures which they believe has the best tolerances and quality control of any construction method currently employed worldwide. Constructed offsite, the new <a href="http://www.hickory.com.au/what-we-do/our-systems/hickory-building-systems/">Hickory Building System</a> begins with an engineered concrete floor requiring no human intervention.

Load bearing columns, fully fitted wet areas and a building facade are subsequently applied in what resembles a manufacturing production line process. Trucked to site, the integrated system locks together and provides exceptional structural stability and enabling fit-out to quickly progress due to the pre-attached facade; a traditional poured lift well is a thing of the past.

As George Argyrou stated, "We've taken existing technology and turned it into the best in the world." Hickory have been designing schemes and validating engineering for high-rise towers in Melbourne with the expectation it will make its debut shortly.

<h2>Next imagin8 seminar</h2>

While further articles for Skyscraper Trends In Melbourne: From Super Skinny To ‘Prefabulous’ will appear shortly, Future imagin8 seminars will consider trends in the Higher Education and Retail sectors.

You can register your interest to receive information on these by emailing <a href="mailto:Emily.lau@meinhardtgroup.com?subject=upcoming%20imagin8%20seminar">Emily.lau@meinhardtgroup.com</a>.
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Meinhardt's 'Skyscraper Trends in Melbourne' seminar reviewed

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Traverse the inner city and you may notice a plethora of properties with 'For Sale' placarded over their frontage. The rise of Asian property developers in the Melbourne market has led to an unprecedented number of development sites offered for sale, with their owners expecting heightened returns as local and offshore developers jostle for premier pieces of real estate.

Market conditions are currently very receptive to new residential projects as tower after tower seem to find the necessary pre-sales to advance to construction. This is in part attributed to offshore buyers who view the Melbourne market as a safe investment, bolstering overall sales numbers. While there remains a slight concern over an excess of rental dwellings as many projects advancing to construction simultaneously, these projects are underpinned by strong sales to both local and overseas individual investors.

Consequently developers desire to invest in new sites and projects remains high, hence the heightened level of properties offered for sale as their owners look to cash in. Look no further than <a href="http://cbre.realcommercial.com.au/property-land+development-vic-south+melbourne-501120655" target="_blank">58-66 Dorcas Street</a> as a prime example. Subject to a planning application which has yet to receive endorsement, the owners have seen it fit to offer the site for sale in the hope of receiving a higher return than would normally be expected.

<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/image4dorcas.jpg" rel="gallery-all" title="Image © Hayball"><img alt="" class="image-article-full-width-580px" height="435" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/image4dorcas.jpg?itok=5Y30XBvp" title="Image © Hayball" width="580"></a>

<figcaption>Image © Hayball</figcaption></figure>Urban.com.au sourced Director for Retail Investments, Mark Wizel, from industry heavyweight CBRE for his thoughts on the topic:

<blockquote>
I think that a lot of land owners are responding to the increasingly growing appetite from offshore developers, mainly based in Singapore, China and Malaysia who are looking to deliver residential projects in a city which is quickly becoming regarded as one of international scale.

The emergence of Asian based buyers for apartments on an off the plan basis is also fuelling the confidence not only of offshore developers to secure land for new projects but also spurring on local developers who are looking to benefit from the same emerging trend in terms of off the plan apartment buyers. We anticipate continued supply of quality sites to come to the market between now and the end of the year.
<cite>Mark Wizel, Director for Retail Investments, CBRE</cite>
</blockquote>

Another factor attributing to the development site sales frenzy is the increased size of contemporary developments. The general consensus amongst local developers is that now more than ever development sites have the potential to yield maximum 'bang for buck.' Under the tenure of the current State Government, denser, taller approvals have become the norm; one only needs to consider the impressive number of 200 metre plus residential towers currently proposed/approved in Melbourne.

A perfect example is <a href="http://cbre.realcommercial.com.au/property-land+development-vic-southbank-501125211" target="_blank">51-65 Clarke Street</a> Southbank which is currently listed with CBRE for sale. 54 Clarke Street sits directly opposite (below left) and essentially forged the way in terms of setting a height precedent of 74 levels/244 metres for this pocket of Southbank. Where in the past 51-65 Clarke Street would likely have become just another 30-40 level Southbank apartment building, CBRE are marketing the site with the associated render (below right) which suggests the potential exists to deliver a 90 level residential monolith.

<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/Image17_6.jpg" rel="gallery-all" title="Images © BKK Architects &amp; CBRE"><img alt="" class="image-article-full-width-580px" height="447" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/Image17_6.jpg?itok=SyUXP3DI" title="Images © BKK Architects &amp; CBRE" width="580"></a>

<figcaption>Images © BKK Architects &amp; CBRE</figcaption></figure>Another case of an upsized development is that of <a href="http://www.realcommercial.com.au/property-land+development-vic-melbourne-501120543" target="_blank">110-112 Franklin Street</a> which was recently sold by CBRE to offshore interests. The associated, approved 12 level tower which included a compliment of hotel rooms now looks to be the subject of a far large residential tower. Point Architects have recently published images of what looks to be a tower in excess of 40 levels on the correlating site with 267 apartments proposed.

The design may or may not be intended for 110-112 Franklin Street, but it does demonstrate the general trend of developers seeking larger residential proposals which in turn explains why there's immense competition to secure these sites.

<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/Image16_4.jpg" rel="gallery-all" title="Images © CBRE &amp; Point Architects"><img alt="" class="image-article-full-width-580px" height="281" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/Image16_4.jpg?itok=_IhoI3tv" title="Images © CBRE &amp; Point Architects" width="580"></a>

<figcaption>Images © CBRE &amp; Point Architects</figcaption></figure>Voracious developers, strong local and overseas buyers underpinning sales demand, a shift in the paradigm toward higher density living, favourable local planning conditions and the lure of Melbourne itself; it all adds up to a perfect storm of factors heralding an unprecedented boom in apartment development. And those who own these development sites stand to gain handsomely.

With the market dynamics the way they are there's no reason why local and offshore developers won't continue to scrap it out for Melbourne real estate, producing sustained heightened sales and high returns for the vendor in the process.
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What's driving Melbourne's development site sales frenzy?

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The Melbourne property merry-go-round is in full swing with a plethora of development sites currently on offer. Insatiable Asian-backed development firms are providing stiff competition for local property firms as some prime pieces of Melbourne real estate are offered and dually snapped up.

Here are but five of the best on offer, some of which include approved development schemes.

<h2><a href="http://cbre.realcommercial.com.au/property-land+development-vic-flemington-501128167" target="_blank">1 Ascot Vale Road, Flemington</a></h2>

<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/main%282%29.jpg" rel="gallery-all" title="Image © dKO Architects"><img alt="" class="image-article-full-width-580px" height="435" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/main%282%29.jpg?itok=Mc08Deul" title="Image © dKO Architects" width="580"></a>

Formerly known as Equinox Felmington, the tower is the final incarnation following many previous attempts by the then owner including a considerably taller proposal. Located opposite Flemington Racecourse, the scheme sees 387 apartments approved over the 21 level complex.

Given its prime position and proximity to Greeenland Group's intended high-rise development, 1 Ascot Vale Road looks to be a juicy prospect.

<h2><a href="http://cbre.realcommercial.com.au/property-land+development-vic-melbourne-501140071" target="_blank">9 - 27 Downie Street, Melbourne</a></h2>

<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/downie%20st.jpg" rel="gallery-all" title="Image courtesy CBRE"><img alt="" class="image-article-full-width-580px" height="435" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/downie%20st.jpg?itok=D6uAEDSY" title="Image courtesy CBRE" width="580"></a>

Those with a long memory may recall this site was subject to a failed residential development a decade ago. Known as The Archer, the 35 level Edgard Pirrotta designed tower drew upon art-deco influences.

Approved at well beyond 100 metres in height, the then scheme gives an indication as to what can be expected now. 40 levels of residential living are not out of the question at 9-27 Downie Street.

<h2><a href="http://cbre.realcommercial.com.au/property-land+development-vic-southbank-501124939" target="_blank">47 City Road, Southbank</a></h2>

<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/47cityrd.jpg" rel="gallery-all" title="Image courtesy CBRE"><img alt="" class="image-article-full-width-580px" height="435" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/47cityrd.jpg?itok=svopl8o4" title="Image courtesy CBRE" width="580"></a>

Southbank continues to be a happy hunting ground for Asian-based developers, will 47 City Road follow suit? Nearby developers have pressed ahead with 40 level schemes, while certain sites allow for a far taller built form.

Expressions of interest closed during mid June, is there another grand announcement in the pipeline?

<h2><a href="http://cbre.realcommercial.com.au/property-land+development-vic-melbourne-501120611" target="_blank">466 Collins Street, Melbourne</a></h2>

<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/Image14_5_0.jpg" rel="gallery-all" title="Image © Bates Smart"><img alt="" class="image-article-full-width-580px" height="357" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/Image14_5_0.jpg?itok=ooRRmWOQ" title="Image © Bates Smart" width="580"></a>

Quoting CBRE, "466 Collins Street represents a unique opportunity to acquire an irreplaceable development site that occupies a prime location on Melbourne’s premier street. It is the only site on Collins Street with a permit to deliver a landmark tower, which comprises of approximately 29,000sqm over 55 levels that will surely become a new Melbourne icon."

One of the more intriguing, unique projects in Melbourne - a definite landmark.

<h2><a href="http://cbre.realcommercial.com.au/property-land+development-vic-melbourne-501120671" target="_blank">685 La Trobe Street, Melbourne</a></h2>

<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/docks.jpg" rel="gallery-all" title="Image courtesy CBRE"><img alt="" class="image-article-full-width-580px" height="410" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/docks.jpg?itok=-IBzVNQv" title="Image courtesy CBRE" width="580"></a>

Premier Capital Development have elected to sell their prized Docklands site after failing to land an anchor tenant for the approved Bates Smart commercial development.

With the adjoining site subject to a 90 metre planning application, the site is ripe for an enterprising developer to deliver possibly two substantial residential towers over the 4,411 square metre site. The adjoining M Docklands project is a prime example of a new Chinese-backed, Melbourne-based developer swooping on an increasingly rare Docklands land parcel to deliver a flagship project.
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Five of the best current development sites

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Sydney sublease market tide turns as office space availability halved

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Former Wallabies player Matt Dunning has joined CBRE as a senior negotiator in its South Sydney industrial team.
Dunning, who had a distinguished career playing for the Australian rugby union team between 2003 and 2010, previously worked as business development manager at Workarena Pty Ltd. 
CBRE said that his appointment would bolster the agency's presence in region.
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