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.

Joel Robinson

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

The Gold Coast Planning Committee has supported the preliminary approval for the Benowa Gardens Urban Village project following an extensive community consultation and assessment process.

The proposal will now proceed to a full council vote on June 2.

The application sought approval for a masterplanned urban village on the existing Benowa Gardens Shopping Centre site, combining new housing, retail, dining, health and lifestyle amenities within a walkable, integrated precinct.&nbsp;

The proposed redevelopment includes around 413 apartments integrated above a revitalised mixed-use centre featuring a full-line supermarket of 4,000 sqm, 6,000 sqm of specialty retail and dining space across around 30 retailers, a 7,000 sqm health and wellness precinct, and roughly 9,630 sqm of office and medical suites.&nbsp;

<img alt="$1b Benowa Gardens Urban Village moves to Full Council following Planning Committee support" data-entity-type="file" data-entity-uuid="fb36ae47-80bc-45f0-9914-31b0c7b6007d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/PR26576%20Ashmore%20Road%20C4%201121%20FI.jpg?VersionId=6mRKk2uU4r67TmTt39DKGUlvFRbTVqWa" />

The broader masterplan also includes very significant traffic and transport improvements, wide pedestrian walkways, upgraded pedestrian and cycle connections, and enhanced public areas designed to create a more connected and walkable community environment.&nbsp;

Centre owner Patrick Lu said the milestone reflected months of detailed planning, technical assessment and ongoing communication with local residents, businesses, schools and stakeholders.

“We appreciate the time, consideration and care Council officers and the Planning Committee have given this proposal throughout the assessment process,” Lu said.

“We also sincerely thank the local community for engaging with us, sharing feedback and participating in the consultation process over many months.

<img alt="$1b Benowa Gardens Urban Village moves to Full Council following Planning Committee support" data-entity-type="file" data-entity-uuid="32fd1fc3-d0e6-485f-ac57-9916c9bcb818" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/PR26576%20Ashmore%20Road%20C5%201121%20FI_2.jpg?VersionId=fz8qQKDBLQ7MyFRc856Zccfbh9nFwLOe" />

“We understand projects of this scale bring questions and concerns, which is why we have worked hard to listen carefully, provide information transparently and continue refining elements of the proposal where possible.

“Our vision has always been to create a well-designed, community-focused urban village that responds to the changing needs of the Gold Coast, while delivering improved amenity, housing diversity, healthcare access and local lifestyle benefits.

“This proposal is about creating a genuine live-work-play environment where residents can access everyday services, schools, healthcare, dining, shopping and green space within walking distance, while also supporting local jobs and economic activity.”

<img alt="$1b Benowa Gardens Urban Village moves to Full Council following Planning Committee support" data-entity-type="file" data-entity-uuid="50dfbd04-590e-4fc6-983b-766880947867" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Dining%20Day%20Time%20-%20High%20Resolution.jpg?VersionId=BP7ZoKJ0DdL_8iRkkC8VVx99moICV6kg" />

Lu said the proposal had evolved significantly through consultation and technical review, particularly around traffic, pedestrian and student safety and neighbourhood connectivity.&nbsp;

Melissa Griffin, Director at Urbis, said the recommendation recognised the strategic importance of delivering more housing and services within established urban areas already supported by infrastructure.

“This proposal represents the type of thoughtful, integrated growth that planning frameworks across South-East Queensland are encouraging,” Ms Griffin said.

“The project seeks to place housing, retail, healthcare and employment opportunities together in a highly accessible location close to schools, transport and existing services.

“Importantly, the process has involved significant technical assessment and community engagement to ensure local issues and feedback were properly considered throughout the planning pathway.”

$1 billion Benowa Gardens Urban Village heads to council vote following Planning Committee support

Surfers Paradise is officially set for its first new residential development with a 45-storey skybridge connecting the two towers.

John Camilleri’s Celestino Developments has been given the green light by the Gold Coast City Council to develop its major beachfront precinct across its huge 4,000 sqm oceanfront site at <a href="https://www.apartments.com.au/new-apartments/63-79-garfield-terrace-surfers-paradise-qld-4217">63–79 Garfield Terrace</a>, just five months after its <a href="https://www.apartments.com.au/news/qld/first-look-exclusive-billionaire-winx-breeder-s-bold-two-tower-surfers-paradise-play-with-45th-storey-skybridge">submission in late 2025</a>.

The approved scheme will deliver two towers rising 55 and 48 storeys, connected by a skybridge positioned on level 45 that will house a range of resident-only wellness and entertainment spaces.

In its notice of approval, the Gold Coast City Council said the&nbsp;proposed overall built form has been designed to complement the scale, intensity and protect the adjacent amenity and surrounding streets through the use of varied setbacks, site cover and architectural elements.

<img alt="First look exclusive: Billionaire Winx breeder’s bold two-tower Surfers Paradise play with 45th-storey skybridge" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-30%20at%209.53.48%E2%80%AFAM.png?VersionId=ADyPJ_TFbJvSU9wZFOiCBnlPtgF7VWqW" />

Designed by <a href="https://www.apartments.com.au/architects/dbi">DBI</a>, the development will comprise 275 apartments across the two towers, including a mix of two-, three-, and four-bedroom residences, as well as several penthouses. The apartments will sit above a landscaped podium featuring more than 90 metres of beachfront pool frontage, private resident lawns, lounges, and wellness spaces.

DBI said the design draws heavily from the movement and form of the coastal environment, with curving balcony lines and sculpted façades intended to soften the scale of the towers while maximising ocean outlooks and passive shading outcomes.

“The project occupies a rare, uninterrupted oceanfront site and has been shaped by a design philosophy that merges architectural elegance with environmental responsiveness and a carefully curated lifestyle experience,” DBI said in planning documents submitted to the Gold Coast City Council.

The most distinctive element of the approved project is the skybridge linking the two towers at level 45. The elevated communal space is planned to include executive lounges, formal dining areas, wellness facilities, and panoramic ocean-facing outlooks.

“The skybridge enhances the identity of the development, promotes social interaction, and delivers a lifestyle experience not found elsewhere on the Gold Coast,” DBI said.

At podium level, residents will have access to a suite of resort-style amenities, including resident lounges, private dining rooms, a yoga lawn, gymnasium, plunge pools, and treatment spaces. The beachfront pool has been designed with separate lap, lounge, and children’s areas extending across the width of the site.

The project will also introduce new food and beverage offerings along the Enderley Avenue and Oceanway frontages, contributing additional activation to the beachfront precinct.

First look: Winx billionaire’s beachfront Surfers Paradise apartment development greenlit

Chapel Street

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The redevelopment of the Jam Factory on Chapel Street will now include between 550 and 650 apartments after Gurner and Qualitas have bought into Newmark Capital’s $1.4 billion redevelopment.

The Gurner-Qualitas partnership will reportedly tip in about $75 million of equity.

The partnership will acquire part-ownership of the iconic site, with the project to be jointly developed with Newmark.

Construction is expected to be completed in 2025 if works start next year.

Chapel Street’s forlorn Jam Factory was acquired by Newmark, led by Chris Langford and Simon Morris, for about $165 million in 2015 from Challenger.

Newmark's sale will see less commercial office space, and a 170 room hotel, in the proposal that updates the 20,000 square metre mall at 500 Chapel Street.

Langford told Nine Entertainment the project would reinvigorate the Chapel Street precinct.

"We have a strong belief in the area and the economy,” he said.

Newmark will retain the retail centre and new office tower, while Gurner and Qualitas will acquire the hotel portion along with having a share in the profits and revenues stemming from the apartments sales.

Mark Fischer, the global head of real estate at Qualitas, told Nine the real estate fundamentals of the location were “indisputable”.

“The deal provides the opportunity to bring together great real estate, nimble large-scale capital, and market-leading development capabilities,” he said.

The latest residential projects on Chapel St include 661 Chapel with 116 one, two, three and four-bedroom residences across 30 floors at the Yarra River end of the strip.

[smartcode_project:default project_id=600]

Gamuda Land’s 661 Chapel Street enjoys views of the river and Melbourne CBD.

The architecture firm, Bird de la Coeur, designed the compex winning the 2019 Good Design Awards in the category of commercial and residential architectural design.
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The redevelopment of the forlorn Jam Factory on Chapel Street will now include between 550 and 650 apartments

jchancellor

Chapel Street gets fillip from Gurner with Jam Factor renaissance

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661 Chapel Street in South Yarra is the first Australian project of the Malaysian-based developer Gamuda Land.

Completed ahead of schedule in 2018, 661 Chapel comprises 116 one, two, three and four bedroom apartments across 30 levels and was designed by local architecture firm Bird de le Coeur.

Located in the heart of one of Melbourne's most vibrant suburbs, there's plenty to enjoy in and around 661 Chapel. 

Urban took a look at some of the best amenities on offer on the iconic Chapel street and its surrounds.

[smartcode_project:default project_id=600]

Situated beside the Yarra River, 661 Chapel Street enjoys views of the river, Melbourne CBD and the Bay.

Its close proximity to Melbourne’s CBD, parklands and elite shopping precincts make it the ideal residence for young professionals and downsizers looking to capitalise on convenience and style.

Famed for for its chic boutiques, haute-couture labels, world-class restaurants and quaint cafes, Chapel Street is not limited to just such. For the artistically minded peruse galleries and bookstores among myriad other visual delights.

Among the famed eateries is Miss Chu, Two Birds One Stone, Hawker Hall and Top Paddock, with wait times of over 30 minutes at their peak, you won't want to miss out. 

<a href="/buildings/661-chapel-street-661-chapel-street-south-yarra"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/661_chapel_surrounds.jpg" style="width: 580px; height: 387px;"></a>

Among its extensive hotel-inspired resident amenity, 661 Chapel Street boasts a concierge, gym, winter garden and members’ lounge.

The mindfully designed community spaces placed within the development include a grand library in the lobby, the lounges and cinema at level 6, private dining rooms as well as a wine room. In a lockdown, these community spaces provide extra convenience for residents to work-near-home without having to leave the development.

But that’s not all, a 25-metre pool is cantilevered six levels above the streetscape, rivalling the neighbouring hotel pool at The Olsen and a grand library offers residents the opportunity to tuck away in their own home.

All these amenities are available from $546,000, the price of a one-bedroom, one-bathroom residence in the building.

<a href="/buildings/661-chapel-street-661-chapel-street-south-yarra"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/661_pool.jpg" style="width: 580px; height: 538px;"></a>

With a tram stop at your doorstop, it's a short trip to South Yarra Station and from there the CBD is at your fingertips.

661 Chapel is adjacent to Melbourne High School and short distance from either Richmond Primary School or St Michael’s Grammar School, to name just a few educational institutions on offer.

Experience tranquility in nature or with the family, a short drive or walk away are Como Park, the Royal Botanic Gardens Melbourne, Fawkner Park and Albert Park Lake.

<a href="/buildings/661-chapel-street-661-chapel-street-south-yarra"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/661_lobby.jpg" style="width: 580px; height: 387px;"></a>

Setting new benchmarks for luxury in Victoria, Gamuda Land’s Chapel Street project presents buyers with the rare opportunity to combine two apartments to create a single, large residence.

Some residents have already claimed entire floors within the complex, creating “super residences” in the sky.
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Urban took a look at some of the best amenities on offer in South Yarra's iconic Chapel street, just a stroll from 661 Chapel

jordan_55689

Get to know Chapel Street: Great eateries, retail and parks within walking distance from 661 Chapel

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In this week's podcast I catch up with Stonnington Mayor Cr Steve Stefanopoulos to discuss the changes afoot along this retail high street and surrounds, which follows on from Apartments.com.au's piece on <a href="/news/the-changing-face-of-chapel-street-south-yarra">'The Changing Face of Chapel Street'</a>.

Cr Stefanopoulos outlines the $1 billion worth of public and private investment underway and soon to begin within the Chapel Street Precinct, and the importance of Council working closely with the development industry to achieve good outcomes for the community.

Council projects include the recently completed Greville Street streetscape improvement (with further works to come), substantial upgrade of Prahran Town hall and Library, the <a href="/news/construction-commences-on-one-of-2018s-most-significant-projects">10,000 sqm Cato Square project</a>, and the <a href="/news/princes-gardens-upgrade-adds-to-prahrans-public-realm-project-pipeline">upgrade of Princes Gardens</a> amongst others.

Cr Stefanopoulos also highlights projects such as the <a href="/new-apartments/500-chapel-street-south-yarra">Jam Factory redevelopment</a> which will feature commercial office space supported by retail offerings, and the <a href="/new-apartments/402-416-chapel-street-south-yarra">Aloft Hotel</a> as really adding to the Precinct's diversity.

A summary of projects within the City of Stonnington is illustrated in Apartments.com.au's development map below;

<iframe frameborder="0" height="420px" src="https://www.urban.com.au/developments?field_local_government_area_name=Stonnington%20%28City%29&amp;embeddable=map" width="100%"></iframe>

<iframe allow="autoplay" frameborder="no" height="300" scrolling="no" src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/498867348&amp;color=%23ff5500&amp;auto_play=true&amp;hide_related=false&amp;show_comments=true&amp;show_user=true&amp;show_reposts=false&amp;show_teaser=true&amp;visual=true" width="100%"></iframe>
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Laurence Dragomir

Weekly Podcast: Episode 31 - City of Stonnington Mayor Cr Steve Stefanopoulos

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Following on from Apartments.com.au's in-depth look at the <a href="/news/the-rise-and-rise-of-melbournes-spencer-street">development activity along Spencer Street</a> on the edge of Melbourne's CBD, today we turn our attention to the development shaping one of Melbourne's renowned High Streets - Chapel Street.

The street which stretches through South Yarra, Prahran and Windsor before crossing Dandenong Road into St Kilda, has been previously characterised as a retail strip, but has struggled in recent years due to high rent sought by landlords which has in turn had an impact on the street's liveliness.

According to Stonnington Mayor, Councillor Steve Stefanopoulos, the City of Stonnington is excited about the private and public capital investment being injected into the Chapel Street precinct.

Chapel Street is currently undergoing massive growth and change, he says, with the State Government having commenced construction of the eastern portal of the Metro Tunnel. Redevelopment of the entrance to South Yarra Station (the busiest outside the CBD) and the construction of accessible trams stops out the front, will hopefully commence in the new year.

The South Yarra section of Chapel Street in particular has started to evolve with a more diverse mix of retail offerings and further introduction of food and beverage outlets. The construction slated over the next 3 years will have further impact on the street in the short term but will ultimately enhance and contribute to the street's vibrancy in the long term, according to Beller Commercial's Fred Nucara.

The projects which are due to have the greatest impact on the streetscape are highlighted below:

<h2>Capitol Grand </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/capitol_grand_redden_aug18.jpg" rel="gallery-all" title="Capitol Grand beginning to make its mark on the corner of Chapel St and Toorak Rd. Images: Bates Smart | Urban member redden"><img alt="" class="image-article-full-width-580px" height="264" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/capitol_grand_redden_aug18.jpg?itok=vHdqHT21" title="Capitol Grand beginning to make its mark on the corner of Chapel St and Toorak Rd. Images: Bates Smart | Urban member redden" width="580"></a>

<figcaption>Capitol Grand beginning to make its mark on the corner of Chapel St and Toorak Rd. Images: Bates Smart | Urban member redden</figcaption></figure>LK Property's towering edifice is beginning to take shape on the corner of Chapel Street and Toorak Road, with the development's sinuous forms beginning to emerge from behind the construction screens as the first traces of glazing also begin to appear. After months in the ground constructing the basement levels, head contractor Multiplex is now well above the street on the dual tower development which will top pot at 50 and 10-storeys respectively.

<blockquote>
The 180m residential tower brings together three elliptical forms, ensuring that light and shadows play across its surface. The design creates an elegant, slender composition of dynamic character, changing with one’s viewpoint and the weather. The tower top is expressed differently by reducing the mass to create a unique iconic tower worthy of its landmark location.

- Bates Smart
</blockquote>

<h2>627 Chapel Street </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/627_chapel_before_and_after.jpg" rel="gallery-all" title="Before &amp; after - 627 Chapel Street. Images: Melbourne Acquisition | COX Architecture "><img alt="" class="image-article-full-width-580px" height="335" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/627_chapel_before_and_after.jpg?itok=Irp42uPv" title="Before &amp; after - 627 Chapel Street. Images: Melbourne Acquisition | COX Architecture " width="580"></a>

<figcaption>Before &amp; after - 627 Chapel Street. Images: Melbourne Acquisition | COX Architecture</figcaption></figure>Currently at planning, the 24-storey COX Architecture-designed office building would replace the current office building which was sold by Fridcorp to Goldfields in December last year.

Should it receive approval in its current guise, 627 Chapel street would rise to a height of 89m and provide a '3d ground plaza' setback from Chapel Street. 

<blockquote>
The design proposal for 627 Chapel Street takes the opportunity to make the most of this unique island site in Forrest Hill.

A 3m setback pushes the building back from Chapel Street, this allows for greater public space at street level and ensures that the Capitol remains visible on approach. The podium is defined by the green landscaped arbor - a permeable screen that wraps the building and connects through to the Daly Street landscaped street

- COX Architecture
</blockquote>

<h2>Jam Factory </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/newm9968jam-factory-stage-2ia01main-square.jpg" rel="gallery-all" title="Artist's impression of the Jam Factory's main square. Image: Floodslicer"><img alt="" class="image-article-full-width-580px" height="322" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/newm9968jam-factory-stage-2ia01main-square.jpg?itok=183sbNDq" title="Artist's impression of the Jam Factory's main square. Image: Floodslicer" width="580"></a>

<figcaption>Artist's impression of the Jam Factory's main square. Image: Floodslicer</figcaption></figure>Owner of the Jam Factory, Newmark Capital is free to proceed with its substantial redevelopment of the landmark site receiving planning approval. Under the approved plans prepared by Bates Smart, the landmark South Yarra site will be transformed it into a significant commercial hub supported by a network of retail laneways.

According to Bates Smart, the vision for the Jam Factory redevelopment is for a highly permeable site that is an extension of the local context.

<blockquote>
An ensemble of buildings will embody and reflect the site’s rich character, establishing a new commercial workplace, but also creating an activated space where the public can enjoy a variety of new hospitality venues.

The redevelopment has been designed to be open and inviting and will deliver a new elevated public realm for the community to enjoy. The precinct’s character provided inspiration for the design.

The existing materiality of the Jam Factory is characterised by solid, authentic materials and industrial rawness. The new façade will reflect the factory typology and structured design language. The public realm on the ground floor will incorporate laneways and a central courtyard and will act as an extension of the urban context and street network.

- Bates Smart
</blockquote>

<h2>671 Chapel Street</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/671_chapel_street.jpg" rel="gallery-all" title="671 Chapel Street has approval in hand. Image: Architecton"><img alt="" class="image-article-full-width-580px" height="378" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/671_chapel_street.jpg?itok=tfKzVRCI" title="671 Chapel Street has approval in hand. Image: Architecton" width="580"></a>

<figcaption>671 Chapel Street has approval in hand. Image: Architecton</figcaption></figure>Amended plans for a 21-storey residential tower at 671 Chapel Street were approved earlier this year, permitting 158 dwellings to be built replacing a single storey building.

The original application lodged with City of Stonnington during 2015 sought approval for a 30-storey building comprising 352 apartments, at an average of 12 apartments per floor. 

<h2>Esque - 649 Chapel Street</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/image10_18.jpg" rel="gallery-all" title="Site works are currently underway at Esque. Images: Valeo Construction | Mark Baljak"><img alt="" class="image-article-full-width-580px" height="280" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image10_18.jpg?itok=nas5uwlg" title="Site works are currently underway at Esque. Images: Valeo Construction | Mark Baljak" width="580"></a>

<figcaption>Site works are currently underway at Esque. Images: Valeo Construction | Mark Baljak</figcaption></figure>Bulk excavation and piling works commenced onsite in January of this year that will ultimately deliver 72 apartments across 20 floors on a narrow site along the northern reaches of Chapel Street.

Valeo Construction is at the helm of the Fender Katalidis-designed tower for developer Mitraland, with the core set to grace the South Yarra streetscape by year's end.

<h2>Aloft - 402-416 Chapel Street</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/aloft_streetview.jpg" rel="gallery-all" title="The Aloft hotel will change the Chapel Street streetscape. Image: Starwood Hotels and Resorts Worldwide"><img alt="" class="image-article-full-width-580px" height="308" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/aloft_streetview.jpg?itok=njyelKgC" title="The Aloft hotel will change the Chapel Street streetscape. Image: Starwood Hotels and Resorts Worldwide" width="580"></a>

<figcaption>The Aloft hotel will change the Chapel Street streetscape. Image: Starwood Hotels and Resorts Worldwide</figcaption></figure>The stage is set for Starwood Hotels and Resorts Worldwide to debut its Aloft brand in Melbourne, following the demolition and site clearing works in preparation of builder Crema Constructions taking occupation and commencing construction works on the 176-room hotel.

The hotel will anchor a mixed-use development located at 402 Chapel Street designed by international architect Tim Kobe of Eight Inc.

<h2>430-438 Chapel Street</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/430-438_chapel_street.jpg" rel="gallery-all" title="430-438 Chapel Street will replace the 'huts' site in South Yarra. Image: Franze Developments"><img alt="" class="image-article-full-width-580px" height="352" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/430-438_chapel_street.jpg?itok=tr3FEcwJ" title="430-438 Chapel Street will replace the 'huts' site in South Yarra. Image: Franze Developments" width="580"></a>

<figcaption>430-438 Chapel Street will replace the 'huts' site in South Yarra. Image: Franze Developments</figcaption></figure>Franze Developments' joint venture with development partner Sampieri Group would see South Yarra's 'huts' site transformed into an 8-storey mixed-use development designed by Jackson Clements Burrows.

The $55 million project will include the retention of the heritage facade on site, while also providing a new pocket park on Bray Street designed by Aspect Studios incorporating water sensitive design

<h2>What they say...</h2>

<blockquote>
We have developed a structure plan for the precinct entitled Chapel ReVision, which guides future development of the largest commercial precinct outside the CBD.

Council is also investing over $60m in its largest capital project in 160 years, converting the 10,000sqm car park behind Chapel Street, Prahran into a contemporary European-style plaza due to open in mid 2019.

- Cr Steve Stefanopoulos, Mayor of Stonnington
</blockquote>

<blockquote>
Chapel Street is at the bottom of a bell curve at the moment. These major developments within the precinct are detracting from the usual vibrancy, because of the inconvenience, noise and distraction of the construction.

On a positive note, these major infrastructure investments are scheduled for completion in 2019 and 2020.

- Fred Nucara, Director Beller Commercial
</blockquote>

For a full recap from Beller Commercial's Fred Nucara listen to our <a href="/guides/chapel-street-podcast-on-the-phone-with-beller-commercials-fred-nucara">podcast interview</a>.

Lead image: Jam Factory Redevelopment Bates Smart/Floodslicer
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The changing face of Chapel Street, South Yarra

<html><body>
The new owners of 627 Chapel Street South Yarra, Goldfields, are progressing with plans for a 24-storey commercial building on the site, after previous owners' Fridcorp's plans to develop an Elenberg Fraser-designed residential tower were quashed at VCAT.

<a href="/news/street-to-stalk-627-chapel-street-walks-the-walk">First covered on Urban.com.au in 2016</a>, the 37-storey residential tower was proposed to rise to a height of 127.5m (including roof plant) and provide space for cafes, offices and 372 apartments.

Goldfields, who acquired the site in December 2017, have since engaged COX Architecture to design the 89m building, which would replace the existing office building of 5,600 sqm and provide the City of Stonnington with a benchmark commercial office development.

The brief that Goldfields gave to their consultant team was concise; 

<blockquote>
We wanted to respond positively and sympathetically to the reasons why Stonnington and the tribunal members at VCAT had rejected the previous proposal.

We identified the site's commercial and retail capabilities and ultimately realised we had a unique opportunity to deliver a building that could realistically be classified as the best office building outside the Melbourne CBD.

Together we then set the team a challenge to create a beautifully designed building that will encourage interaction with the streetscape at pedestrian level whilst still looking, feeling and functioning like a premium grade office building.

- Lachlan Thompson, Goldfields COO
</blockquote>

Speaking with COX Architecture, the design team made it clear that flexible commercial office accommodation above a strong active street edge was paramount in delivering a building which would not only add to the streetscape but also provide the Forrest Hill precinct with the diversity of programme expected. 

In attempting to achieve as much active frontage as possible, COX employed a different approach to where an entry lobby would typically be located. Instead of locating it along the Chapel Street frontage, the design team located the entry lobby off Daly Street, freeing up Chapel Street with more active and engaging uses for pedestrians meandering along the busy high street.

This also gives the building greater prominence as a "gateway site" linking back to South Yarra Station and improving the permeability of the surrounding street network.

This first 12m of street wall, emphasises COX, was one of the most critical aspirations for the project in how it responded to and enriched the pedestrian environment. This resulted in what the team termed a "3D ground plaza" whereby the end-of-trip facilities were elevated to level 1 alongside further retail opportunities, extending the activity from the street vertically not just horizontally to the street. 

Moving up, the design of the tower responds to Goldfield Group's brief for a pure office building that responds and challenges to the nature of workplace design, creating an office environment based on the ideas of amenity and lifestyle.

The office tower employs a side core configuration providing an ideal floor plate for tenants that allows them flexibility in how they fit-out and occupy the space(s).

To reduce the mass of the tower, the architects have provided the form with strong vertically articulated breaks across its height, complemented by vertical glazed fins which provide solar shading not too dissimilar to COX's Conservatory project in the CBD. 

This is further supported by landscaping voids which not only provide the built form with further articulation but extend the arbour screen from the ground up the building.

According to the design team, these "breaks" provide dynamic spaces which make a positive contribution of the amenity of the workplace, allowing workers to better connect with nature.

<blockquote>
The design proposal for 627 Chapel Street takes the opportunity to make the most of this unique island site in Forrest Hill.

A 3m setback pushes the building back from Chapel Street, this allows for greater public space at street level and ensures that the Capitol remains visible on approach. The podium is defined by the green landscaped arbor - a permeable screen that wraps the building and connects through to the Daly Street landscaped street.

Each elevation has been split by a vertical break, providing a series of slender volumes, breaking down the building mass. Further interest on the facade is generated through the implementation of fins for solar shading (East, North and West facades).

Terraced gardens provide natural setbacks at 50m and towards the top of the building a series of roof terraces and a green roof that provide new workplace amenity.

- COX Architecture Design Response
</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/27_-_hero_chapel_and_daly.jpg" rel="gallery-all" title="627 Chapel Street in-situ. Planning Image: COX Architecture"><img alt="" class="image-article-full-width-580px" height="692" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/27_-_hero_chapel_and_daly.jpg?itok=NPPiv8Ti" title="627 Chapel Street in-situ. Planning Image: COX Architecture" width="580"></a>

<figcaption>627 Chapel Street in-situ. Planning Image: COX Architecture</figcaption></figure>Alongside end-of-trip facilities which provide above and beyond the number of bikes required under local policy, the 1,510 square metre island site benefits from its close proximity to South Yarra Station and tram corridors along Chapel Street and Toorak Road.

This is not dissimilar to other emerging commercial precincts in Cremorne, Collingwood and Richmond which benefit from strong public transport links and good walkability.
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Goldfields and COX reboot 627 Chapel Street

<html><body>
A host of planned ‘new arrival’ developments in Chapel Street will help to revive the retail strip, according to Director of Beller Commercial, Fred Nucara.

Every year, Beller Commercial conducts retail strip research: a manual foot walk and count of shop vacancies. From this unique research, Beller has a clear view on the changing fortunes of Melbourne’s various “high streets”.

Chapel Street is divided into three precincts: South Yarra, Prahran and Windsor. Whilst Windsor is now a pumping food and hospitality destination, Prahran and South Yarra sadly present a different story with a record number of vacancies, 17 in South Yarra and 24 in Prahran.

Fred took time out of his schedule to have a chat with me via phone as we discussed some of the factors that are currently impacting the strip now and into the future. 

<blockquote>
Chapel Street is at the bottom of a bell curve at the moment. These major developments within the precinct are detracting from the usual vibrancy, because of the inconvenience, noise and distraction of the construction.

On a positive note, these major infrastructure investments are scheduled for completion in 2019 and 2020.

- Fred Nucara
</blockquote>

For more, listen below:

<iframe allow="autoplay" frameborder="no" height="300" scrolling="no" src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/445161288&amp;color=%23ff5500&amp;auto_play=false&amp;hide_related=false&amp;show_comments=true&amp;show_user=true&amp;show_reposts=false&amp;show_teaser=true&amp;visual=true" width="100%"></iframe>
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Chapel Street Podcast: On the phone with Beller Commercial's Fred Nucara 

<html><body>
Franzé Developments and Sampieri Group have submitted approval to transform the Chapel Street huts site near the Temperance Hotel into a $55 million mixed-use development.
The site at 430-438 Chapel Street in South Yarra is around 800 square metres in size and was purchased off market in late 2017.
The joint venture proposal includes a pocket park in Bray Street.
The proposed project has been designed to provide amenity to residents and the immediate community through its ground level activation on both Chapel Street and Bray Street.
Designed by ASPECT Studios, the proposed pocket park on Bray Street is intended to be a functional and flexible public space with seating, green infrastructure and a water sensitive design, ideal for community and potential food and beverage use.
Paul Franzé, founder and managing director of Franzé Developments, says the proposed design will provide an engaging contribution to the iconic shopping and dining mecca for years to come.
“This project will form an important part of the ongoing development of the Chapel Street precinct which is going through vital progression and change with the recent announcements regarding the redevelopment of the Jam Factory and former Spotlight sites,” says Franzé.
“The site has the benefits of two significantly different streetscapes which make it a really exciting project. The Chapel Street interface will provide a more traditional retail and food and beverage offering, aiming to attract premium tenants which will help improve the overall quality of the pedestrian experience and promote further patronage.”
The retention of the heritage façade to the northwest of the site has provided an opportunity to distinguish two unique retail tenancies and the podium façade has taken design cues from neighboring buildings, responding to the visual language of the streetscape.
A five-level podium to Bray Street hugs the tower form, creating the illusion of three interlocking components and the soft and monochromatic façade is a considered and sensitive transition between the neighbouring contemporary and traditional structures.
The project is anticipated to launch in late 2018, with construction scheduled to commence shortly after.
For more information <a href="http://www.franzedevelopments.com.au" target="_blank">click here.</a>
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jonathanchancellor-7SQnKwU6yx

South Yarra's Chapel Street hut site set for conversion

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A retail and residential investment opportunity on one of Melbourne's prime retail strips in Windsor has been listed for sale.
The <a href="http://www.teskacarson.com.au/property.cfm?propertyID=3242486&amp;realestate=124_Chapel_Street_WINDSOR_VIC_3181" target="_blank">Chapel Street property</a> is located on the eastern side of the street, on the corner of Duke Street.
Spread over two levels, the renovated building has a ground level retail shop and a first floor two bedroom apartment with separate entrance.
The property has six metre frontage to Chapel Street and 16 metres to Duke Street.
It comes leased to two tenant, including a new five year lease to the ground floor tenant, Windsor Bar &amp; Bistro. The lease yields $106,284 per annum.
Teksa Carson agents George Takis and Michael Ludski are marketing the commercial investment for a December 14 auction.
They said the property presents an exceptional opportunity for investors to acquire a securely leased asset situated on one of Melbourne’s premier retail strips.
"Chapel Street is arguably Melbourne’s premier retail strip and home to national and international designers along with a wide range of hospitality operators," Takis said.
"This particular precinct of Chapel Street has seen a major upsurge in popularity due to its eclectic style and first rate tenancy profile,’’ Mr Takis said.
"Rarely do properties of this calibre become available in what is a very tightly held and very popular retail strip."
Chapel Street is home to a mix of food and fashion retailers, an abundance of lifestyle amenities and high-end residential developments.
 
 
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jrobinson-rf4aSBido9

Chapel Street investment with five year lease for sale

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Chapel Street commercial property sales increased in the last three months of 2017, according to CoreLogic's Cityscope.
The property data firm says that sales recorded in the quarter ending February 2017 totalled $26.6 million from nine sales, compared with $3 million from three sales in the three months to November 2016.
However this is less than the recorded $211.8 million from eight sales in the three months to August 2016, though this August figure was the result of the sale of The Como Centre and 650 Chapel Street, which were bought together for $202.7 million.
This data brings the 12 month total to $372.6 million from 33 sales, a decrease from the previous 12 month total of $417.5 million from 44 sales.
The table below shows sales recorded for the past eight updates of Chapel Street Cityscope:
<a href="https://www.propertyobserver.com.au/images/2017/02/24/Corelogic-1.jpeg" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/02/24/Corelogic-1.jpeg" alt="">
Notable sales recorded in the February 2017 update of Chapel Street Cityscope include:
<ul>
<li>Unit 5 at 529 Chapel Street, South Yarra, an office/penthouse on the whole of the first level, which sold for $6.85 million through Colliers International and</li>
<li>403 Chapel Street, South Yarra, a two-storey retail building with a later brick addition to the rear on a site area of 185 square metres, which sold for a total of $5 million through CBRE – Melbourne.</li>
</ul>
<a href="https://www.propertyobserver.com.au/images/2017/02/24/Corelogic-2.jpeg" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/02/24/Corelogic-2.jpeg" alt="">
Properties listed as for sale in the February 2017 update of Chapel Street Cityscope include:
<ul>
<li>Shop 2 and shop 3, at 529 Chapel Street, South Yarra, two ground floor retail units tenanted by General Pants, to be auctioned March 9, 2017 through Vinci Carbone and</li>
<li>
<a href="https://www.realcommercial.com.au/property-retail-vic-south+yarra-502159070" target="_blank">49 Toorak Road, South Yarra</a> (pictured above), a two-storey retail building on a 56 square metre site, for sale through LINQ Property;</li>
</ul>
Leasing opportunities listed in the February 2017 update of Chapel Street Cityscope include:
<ul>
<li>409 Chapel Street, a two-storey retail building with a yard to the rear, built in 1910, has the whole of level one for lease through TeskaCarson;</li>
<li>262-264 Chapel Street, Prahran, a three-storey brick retail building to Chapel Street with a single-storey warehouse building to the rear has retail space of 500 square metres for lease through CRS Property and</li>
<li>219 Commercial Road, South Yarra, a single-storey brick retail building of 455 square metres for lease through CVA Property Consultants.</li>
</ul>
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j.ballantyne1990-6AQqhLzZaK

Chapel Street commercial property sales increase: Cityscope

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The latest research shows that commercial property sales have significantly decreased in the past three months, according to CoreLogic’s Chapel Street Cityscope report.
Sales recorded in the quarter ending November 2016 totalled $3 million from three sales.
This is compared with $211.8 million from 8 sales in the three months to August 2016 and the recorded $131.2 million from 13 sales in the three months to May 2016.
The November 2016 sales totals represent a return to normalcy after The Como Centre and 650 Chapel Street were each bought together for approximately $203 million, boosting the total in the August quarter.
This data brings the 12 month total to $451.8 million from 34 sales, an increase compared with the previous 12 month total of $331.9 million from 38 sales.
The table below shows sales recorded for the past eight updates of Chapel Street Cityscope:
<a href="/images/2016/11/30/C.S-1.jpeg" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/30/C.S-1.jpeg" alt="">
Notable sales recorded in the November 2016 update of Chapel Street Cityscope include:
<ul>
<li>69 Toorak Road, South Yarra, a two-storey retail building on a site area of 151 square metres, sold for $1.535 million;</li>
<li>Suite 10 and Suite 11 of 210 Toorak Road, South Yarra, two strata offices on level one of a two-storey building including four car spaces on title, sold for a total of $0.75 million.</li>
</ul>
<a href="/images/2016/11/30/C.S-2.jpeg" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/30/C.S-2.jpeg" alt="">
Properties listed as for sale in the November 2016 update of Chapel Street Cityscope include:
<ul>
<li>29 Toorak Road, South Yarra, a two-storey brick building with a shop at street level and offices above on a 187 square metres site, for sale by auction in December 2016 through Fitzroys;</li>
<li>49 Toorak Road, South Yarra, a two-storey retail building on a 56 square metres site, for sale through LINQ Property;</li>
<li>403 Chapel Street, South Yarra, a two-storey retail building with a later brick addition to the rear on a 185 square metres site, for sale by auction in December 2016 through CBRE – Melbourne.</li>
</ul>
Leasing opportunities listed in the November 2016 update of Chapel Street Cityscope include:
<ul>
<li>The Colonnade at 524 Chapel Street, South Yarra, a three-level retail and office complex with 198 car spaces over two levels , has retail space of 99 square metres and 165 square metres for lease through Fitzroys;</li>
<li>352-354 Chapel Street, South Yarra, a single-storey retail building, providing 321 square metres building area, for lease through Fitzroys;</li>
<li>2 Darling Street, South Yarra, a four-level office building with a ground floor cafe, has office space of approximately 250 square metres for lease through Healthcare Real Estate and CBRE – Melbourne.</li>
</ul>
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