<a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> has lodged plans for a $750 million, three-tower mixed-use precinct that would complete the long-running redevelopment of Carlton's former Carlton United Breweries site.

The proposal at <a href="https://www.apartments.com.au/new-apartments/185-195-queensberry-street-carlton-vic-3053">46-78 Bouverie Street and 185-195 Queensberry Street</a> spans a 6,468 sqm site, the last remaining undeveloped parcels within the former brewery's 2007 masterplan.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the development will comprise two purpose-built student accommodation towers and a third build-to-sell apartment tower above a shared commercial podium and basement.

Across the three towers, SP Setia is proposing 606 build-to-sell apartments and 1,499 student accommodation units containing 2,009 beds.

The apartments will sit in the tallest tower, which will rise nearly 200m and 55 storeys. It will become&nbsp;one of the more substantial new build-to-sell apartment projects at the northern edge of Melbourne's CBD.

The apartment mix is weighted toward smaller inner-city product, with 188 studios, 206 one-bedroom apartments, 192 two-bedroom apartments and 20 three-bedroom apartments

<img alt="First look: SP Setia plans three-tower finale for Carlton’s former CUB precinct" data-entity-type="file" data-entity-uuid="8271bc87-1b0a-41b7-ac73-a425ee375261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3_2.png?VersionId=G4lw23o90B1boX4k4dj7rdz2ZEajS9wy" />

Part of the precinct will be a large-scale&nbsp;3,684 sqm supermarket and a further 2,198 sqm of speciality retail, creating close to 5,900 sqm of new commercial space within the precinct.

But one of the biggest components of the proposal is what sits between the buildings.

Around 4,650 sqm, or roughly 72 per cent of the site, will be publicly accessible open space, incorporating plazas, pedestrian connections, landscaped laneways and retail spill-out areas.

The ground plane is intended to finally complete pedestrian connections envisaged when the CUB masterplan was first approved nearly two decades ago, stitching together Victoria Street, Queensberry Street, Bouverie Street and Swanston Street through the former brewery precinct.

Urbis said the development would "complete the CUB precinct", with the public realm providing important north-south and east-west connections through what is currently the final undeveloped portion of the masterplanned site.

SP Setia is also exploring a new linear park within the Bouverie Street road reserve, with the concept to be developed further with the City of Melbourne through the planning process.

The proposal is being pursued through the Victorian Government's Development Facilitation Program under Clause 53.23 for significant residential development with affordable housing.

The planning report acknowledges the proposed heights exceed those contemplated under the original Comprehensive Development Plan and masterplan, but argues the built-form context has changed considerably over the past two decades.

Urbis said the three towers would instead create a stepped transition between Carlton and the Hoddle Grid, rising progressively from the 94.1-metre Tower One along the Queensberry Street edge to the 199.44-metre Tower Three closer to the established CBD-scale buildings to the south.

<img alt="SP Setia" data-entity-type="file" data-entity-uuid="e885a07a-592c-40fc-bf82-e6dbaf32da54" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.52.24%E2%80%AFAM.png?VersionId=7s_ErUkSKAdY1mAWp3GRZgMNCGtwhk5m" />

SP Setia plans to deliver the development across three stages.

Stage One would deliver the basement, podium and retail areas for the entire precinct alongside the first student tower. Tower Two would follow in Stage Two, before the 606-apartment Tower Three is delivered as the final stage.

If approved and delivered, the project would close out a redevelopment process that has been underway since the former brewery masterplan was approved in 2007, adding more than 2,600 student beds and apartments to a precinct already home to Swanston Central, the Barak Building, RMIT Design Hub and several large student accommodation developments.

&nbsp;

&nbsp;

Joel Robinson

SP Setia plans three-tower finale for Carlton’s former CUB precinct

Melbourne developer Lowe Living is seeking to add to its growing bayside apartment pipeline, filing plans for a boutique eight-residence development in tightly held Middle Park.

Lowe Living, which has built much of its development portfolio across Melbourne's affluent bayside and south-east suburbs, is behind the plans for the 730 sqm site at <a href="https://www.apartments.com.au/new-apartments/123-125-erskine-street-middle-park-vic-3206">123-125 Erskine Street</a>, just off Armstrong Street and within the Armstrong Street Neighbourhood Activity Centre.

The developer is seeking approval for a five-storey residential building above two basement levels, with just eight large-format apartments and 18 car spaces.

“This is a deliberately very different proposition for us,"&nbsp;Tim Lowe, Co-Founder of Lowe Living, said.

"Eight residences is exceptionally boutique, but that's precisely what this site calls for.

“There is a strong community in Middle Park and the surrounding suburbs who have spent decades building a life here. They no longer want the maintenance of a large period home, but they aren't prepared to compromise on space, quality or location. We think there is a real opportunity to capture that hyper local market. A site like this rarely comes to market.”

<img alt="Lowe " data-entity-type="file" data-entity-uuid="875fe572-0f14-4d90-9e11-55b28dd07731" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.42.49%E2%80%AFAM.png?VersionId=GDNQRv9BfpR9r1zkZ5UDyUM4ZvpIksut" />

The low-density proposal has been designed by Cera Stribley and is being progressed through the Victorian Government's Great Design Fast Track pathway, having already secured eligibility from the Minister for Planning.

The Office of the Victorian Government Architect supported its eligibility after finding the proposal demonstrated consistency with the program's seven design principles, while the project's financial feasibility has also been independently confirmed by Invest Victoria.

The project is targeting the downsizer market, with the planning documents describing the homes as larger-format residences and noting the two penthouses could otherwise have been configured as four separate apartments.

<img alt="Lowe 2" data-entity-type="file" data-entity-uuid="60ab0987-2da6-4175-adac-315dcf6053c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.15%E2%80%AFAM.png?VersionId=bOCPH0B2MFwlmaRW.TTCF9TzyifgVoQI" />

The site has dual frontage to Erskine Street and Canterbury Place and currently comprises a collection of commercial buildings used as offices, including a former heritage bakehouse, a former stable, a later gabled addition and a central courtyard.

It sits within the Commercial 1 Zone and the Armstrong Street Commercial Precinct heritage overlay, with the existing property classified as a contributory heritage place.

Heritage has subsequently played a significant role in Cera Stribley's design.

The front section of the former bakehouse facing Erskine Street will be retained, including its return walls, street-facing hipped roof and chimneys, while the Erskine Street façade and part of the western return wall of the former stable will also be incorporated into the new development.

Levels four and five will be set back five metres from the retained stable façade, while bricks removed through demolition are proposed to be salvaged and reused within the new building where possible.

<img alt="Lowe 3" data-entity-type="file" data-entity-uuid="e97927a9-a2de-4a0f-83b6-65451238abfa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.06%E2%80%AFAM.png?VersionId=VR44AChLrX9q1XPB9GvVQV.ALXXbe4gC" />

Rather than presenting as a single five-storey building to Erskine Street, Cera Stribley has broken the development into a series of distinct forms.

A three-storey infill element will sit between the retained bakehouse and stable façades, with the upper levels recessed behind the heritage fabric. Canterbury Place will similarly feature two three-storey podium forms, separated by a central pedestrian accessway, before the upper two levels step back from the street.

A pedestrian through-link will run through the centre of the project between Erskine Street and Canterbury Place, creating entrances from both sides of the site and introducing landscaping and communal areas through the ground plane.

Landscape architect Acre has designed planting across the ground level, private terraces and upper levels, including a feature canopy tree at level three and integrated planting and arbours across the level four terraces. Five existing Erskine Street trees are proposed to be retained.

Sustainability is also a significant component of the Great Design Fast Track application. The apartments are targeting an average eight-star NatHERS rating, with no residence below 6.5 stars, while the project has achieved a 75 per cent BESS score. Seven of the eight apartments are designed for cross-ventilation, with the remaining residence using mechanically assisted natural ventilation.

The plans also incorporate an 8kWp rooftop solar system, a 5,000-litre rainwater tank and infrastructure allowing future electric vehicle charging for every residence.

Lowe has a strong portfolio across Melbourne's blue-chip suburbs. They recently launched <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House by Lowe Living</a> in Camberwell, their first development in the Stonnington LGA.

Lowe Living unveils Middle Park apartment development

Article summary

<ul data-end="888" data-start="289">
	<li data-end="442" data-section-id="8tsh6o" data-start="289">DVB Projects is preparing to launch its second Gold Coast apartment development, with demolition now underway at 137 Old Burleigh Road, Broadbeach.</li>
	<li data-end="573" data-section-id="1nyxl3e" data-start="443">The 34-level tower will comprise just 49 ultra-luxury residences, including half-floor, full-floor and penthouse apartments.</li>
	<li data-end="717" data-section-id="oiyimj" data-start="574">The launch follows strong demand at DVB's nearby Sea Glass project, which is more than 50 per cent sold and currently under construction.</li>
	<li data-end="888" data-section-id="epk9o9" data-start="718">The development adds to the transformation of Old Burleigh Road, with premium beachfront apartment projects continuing to reshape the tightly held Broadbeach strip.</li>
</ul>

<a href="https://www.apartments.com.au/developers/dvb-projects">DVB Projects</a> is preparing to launch its second Gold Coast apartment development, with demolition now underway on the Broadbeach site as the Sydney developer moves closer to bringing the ultra-luxury project to market.

The 34-level tower at <a href="https://www.apartments.com.au/new-apartments/137-old-burleigh-road-broadbeach-qld-4218">137 Old Burleigh Road</a> will comprise just 49 residences, ranging from half-floor apartments through to full-floor homes and a penthouse. The launch follows the strong sales performance of DVB's nearby Sea Glass development. More than half of the apartments at Sea Glass, on the other side of Broadbeach, have been snapped up, well ahead of its late 2027 completion

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="2944b4be-c84e-4b54-8dc1-c712e76704c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E02_Exterior_Street%20Level%20Entrance.jpg?VersionId=YoNig7pRdrE3HCue7sUj78LzJteeQf3H" />

The start of demolition at 137 Old Burleigh Road signals DVB Projects’ underlying confidence in the Gold Coast’s luxury beachside apartment sector.

“We see the Gold Coast as one of the most compelling lifestyle markets in Australia, particularly at the premium end where demand continues to deepen,” said Dean Brown, Managing Director of DVB.&nbsp;

“This project has been carefully designed to respond to that demand - delivering large-format residences with a level of quality, privacy and amenity that is still relatively rare in the apartment market on the beachside."

Brown says the site itself is "exceptional."

"Old Burleigh Road is one of the most tightly held beachfront strips, and opportunities to deliver a project of this scale and calibre in this location are extremely limited.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="398f377a-c037-455e-9250-0c5e0d84c35b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/I12_FF%20Balcony.jpg?VersionId=NwOiRWGMubR1c8wthuEfggklcja7al9." />

The project will comprise 40 half-floor residences of approximately 260 sqm, alongside eight full-floor residences spanning around 524 sqm.

A single penthouse will crown the building, featuring a private pool, barbecue area, indoor gym and dedicated entertaining spaces.

Residents will have access to a resort-style suite of amenities, including a 20-metre pool with daybeds, a gymnasium, hot and cold plunge pools, a sauna, and private residents’ lounge and dining facilities.

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="d1642bb0-9a66-4427-a022-dfc0988c6287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A02_Pool%20to%20View.jpg?VersionId=c0IXPyn_Gp_Kn3XCwzMrqIVkAdCEwVXP" />

Sales agent Todd Matheson, of <a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a>, which is marketing both 137 Old Burleigh Road and Sea Glass, said 137 Old Burleigh Road would address a clear gap in the market for genuine luxury products.

“There are very few opportunities on the Gold Coast where buyers can secure a residence of this size and quality in a new building,” Matheson said.

“What we’re seeing is a growing cohort of downsizers and interstate buyers who still want space - they’re not willing to compromise on living area, entertaining or finishes.

“This project has been designed with that buyer in mind. It offers the scale of a home, combined with the convenience and security of apartment living, in one of the coast’s most desirable positions.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="59aae0ca-5639-4320-8aca-d0bf60f48e43" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E01_Exterior%20Hero.jpg?VersionId=DS8Zfy2WtgUEtdfe0TEUuf1W1GfcZq8S" />

Located on a 1,156 sqm site one block from the beachfront, the development will replace an ageing walk-up building and is expected to contribute to the ongoing transformation of the Old Burleigh Road strip into one of the Gold Coast’s most prestigious residential corridors.

With the development moving into the delivery phase, 137 Old Burleigh Road is slated to hit the market later this year.

[smartcode_project_cta:default project_id=145141]

DVB Projects to launch second Broadbeach apartment tower as demolition commences

<a data-end="327" data-is-only-node="" data-start="250" href="https://www.apartments.com.au/developers/norus-projects" rel="noopener" target="_new">Norus Developments</a> has lodged plans for a new apartment development in Clayton that would add further momentum to the suburb's emerging Green Street corridor.

Plans have been lodged for the consolidated site at <a href="https://www.apartments.com.au/new-apartments/1359-1365-centre-road-clayton-vic-3168">1359-1365 Centre Road</a>, where Norus is seeking approval for 218 apartments across a 12-storey apartment building designed by <a href="https://www.apartments.com.au/architects/life-architecture-and-urban-design">Life Architecture</a>.

The proposal sits within the Clayton Major Activity Centre at the threshold of the planned Green Street corridor, a landscaped pedestrian connection intended to improve links through the precinct towards Clayton Railway Station.

The development would replace the site's existing collection of low-scale residential and commercial buildings with a single consolidated building, introducing significantly greater housing density to this part of Centre Road.

A retail tenancy is proposed at ground level to activate the Centre Road frontage, accompanied by transparent street interfaces and landscaping intended to create a more pedestrian-focused edge to the development.

<img alt="First look: Norus Developments plans landscape-led apartment project for Clayton’s emerging Green Street" data-entity-type="file" data-entity-uuid="0a5a763a-d9e9-4253-af2f-88008de27ebf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Clayton%20a.png?VersionId=S2WJJbat1XVkZwB9SnYtygirXgWHiklX" />

The building has been designed with stepped massing and upper-level setbacks to manage its transition towards surrounding residential properties. The planning report describes the approach as one that integrates the building into the landscape rather than treating landscaping as a secondary element.

"A strong landscape and public realm strategy underpins the proposal," Urbis states in the planning report.

"Public benefits include an affordable housing contribution, a new pocket park, generous landscaped setbacks, deep soil planting and integrated Water Sensitive Urban Design."

The report adds that these elements are intended to create "a permeable, pedestrian-focused ground plane that enhances walkability, supports urban cooling and reinforces the emerging Green Street character."

Biophilic and passive design principles extend through the residential levels, with planting, daylight, natural ventilation and views towards landscaped areas forming part of the amenity strategy.

Parking would be concentrated away from the public realm, with 145 car spaces proposed from the rear laneway rather than dominating the Centre Road frontage.

The proposal follows an extensive pre-application process with the City of Monash. Three formal meetings were held between the project team and Council from December 2025 to March 2026, with the scheme evolving through several concept iterations before the current design was lodged.

The project arrives as Clayton prepares for substantial change around its established activity centre and the wider Suburban Rail Loop precinct. Its position on Centre Road places the development within an existing concentration of shops, services and public transport, while the Green Street connection is intended to strengthen pedestrian access towards Clayton Railway Station.

First look: Norus plans landscape-led apartment project for Clayton’s emerging Green Street

<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a> has officially commenced construction on Bronze on Chevron, celebrating the sod turning of its first-ever Gold Coast development and marking a significant milestone in the company's continued expansion across South East Queensland.&nbsp;

Following the successful delivery of premium residential developments throughout Brisbane and the Sunshine Coast, <a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-chevron-island-qld-4217">Bronze on Chevron</a> represents Gardner Vaughan Group's entry into the Gold Coast market. Bronze will deliver 119 one, two, three and four-bedroom apartments above two ground-level retail tenancies.

[smartcode_project:default project_id=107520 project_image_fid=367193]

The recent sod turning ceremony was attended by Deputy Mayor Mark Hammel, President of the Surfers Paradise Surf Life Saving Club, Cassandra Sedgman, project consultants, purchasers, project partners and invited guests to celebrate the commencement of construction.&nbsp;

Gardner Vaughan Group Chief Executive Officer Simon Betteridge said Bronze on Chevron represented an exciting new chapter for the business.&nbsp;

"We've spent almost four decades building homes that respond to the way people want to live, and we're excited to bring that experience to <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>," Betteridge said.

"Bronze on Chevron is particularly significant because it marks Gardner Vaughan Group's first development on the Gold Coast following many successful projects across Brisbane and the Sunshine Coast."

[smartcode_project:default project_id=107520 project_image_fid=367183]

Betteridge said the ground breaking is a proud moment for the&nbsp;team and their purchasers, who can now see their future homes beginning to take shape.&nbsp;

"As both developer and builder, we're able to oversee every aspect of the project from design through to construction, ensuring the quality and attention to detail Gardner Vaughan Group has become renowned for."&nbsp;

Designed by acclaimed architectural practice <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, Bronze on Chevron has been thoughtfully designed to complement Chevron Island's evolving streetscape while embracing its relaxed coastal lifestyle.

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029.&nbsp;

[smartcode_project_cta:default project_id=107520]

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029

Gardner Vaughan Group breaks ground on first Gold Coast development, Bronze on Chevron

Construction

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The erection of a tower crane for 233 East has seen the overall number of apartments under construction within Ringwood surge to approximately 600.

These 600 apartments are spread across seven separate apartment developments of varying sizes, yet the overall figure is representative of the underlying demand for apartment living in the outer eastern suburb. 233 East is at this stage the highest profile development to begin construction owing to its height and location.

Opposite Eastland and fronting Maroondah Highway, the LSA Architects-designed project will add just shy of 100 new apartments. At 10 levels it will also be the area's tallest apartment building upon completion.

<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/image105_0.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="302" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image105_0.jpg?itok=4_7fFuTv" width="580"></a>

<figcaption>233 East is at construction</figcaption></figure>The balance of projects at construction is located well back from Maroondah Highway in a pocket bound by Bond Street, Ringwood Street and the Ringwood Bypass.

Largest at construction is the tri-building Eden Square project; Head contractor Hamilton Marino is well into the build phase with the eventual outcome some 200 plus apartments adjacent to the Mullum Mullum Creek. Eden Square is noteworthy in that its premier residences managed to sell for $2.55m and $2.5m respectively.

Next in terms of size is Nelson Bourke Apartments at 1-7 Nelson Street. Builder Buxton has taken the floor plate above ground for the dual building development that will result in 111 apartments.

The balance of developments at construction adding to the 600 apartment figure includes Venus Apartments, Ark Apartments and The Edge Apartments.

<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_2525.jpg" rel="gallery-all" title="Nelson Bourke Apartments progress"><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_2525.jpg?itok=O0hkrzfz" title="Nelson Bourke Apartments progress" width="580"></a>

<figcaption>Nelson Bourke Apartments progress</figcaption></figure>Another development due for a construction start is The Selection with Method Constructions signage up across the site. The builder is set to begin works on the Embrace Architects-designed project which includes 49 apartments and two ground floor retail tenancies.

The project's marketing campaign billed it as Ringwood's premier apartment development, which includes seven levels of living above two basement levels. The Selection's facade will predominantly consist of exposed concrete, charcoal steel frames, perforated metal screens and shaded glazing wraps.

Whilst the number of apartments under construction within Ringwood is at an all-time high, a newly assembled display suite has appeared at 33-35 Ringwood Street.

The display suite's arrival may well signify the signifying the imminent launch of the DKO Architecture-designed seven level apartment development that hit planning with 38 apartments in tow.

<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/rwdko.jpg" rel="gallery-all" title="33-35 Ringwood Street. Planning image: DKO"><img alt="" class="image-article-full-width-580px" height="363" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/rwdko.jpg?itok=suHxqfRQ" title="33-35 Ringwood Street. Planning image: DKO" width="580"></a>

<figcaption>33-35 Ringwood Street. Planning image: DKO</figcaption></figure>
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silvermb

Ringwood's has 600 apartments under construction, as a new project nears launch

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Melbourne builders will begin running the ruler over one of 2018's largest construction tenders. Activated last week, the tender is for the delivery of two residential towers across 85-93 Lorimer Street which combined have the potential to add 940 approved apartments to the skyline.

The sizeable site behind Mirvac's Yarra's Edge spans 8,847 square meters and is adjacent to a new tram corridor that is currently being studied as part of the Fishermans Bend planning process.

Alongside the hundreds of new apartments across both towers, the successful builder will also be required to deliver as many as 778 podium car spaces plus amenities. 53,454 square meters of approved Net Saleable Area is included under the approved Elenberg Fraser-designed scheme.

Spanning 47 and 49 levels, it remains to be seen whether the $200 plus million construction tender will be true to the approved design, or will see design modifications implemented.

<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/image7_20.jpg" rel="gallery-all" title="Ready to go. Image: Elenberg Fraser"><img alt="" class="image-article-full-width-580px" height="708" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image7_20.jpg?itok=r9U87Z7h" title="Ready to go. Image: Elenberg Fraser" width="580"></a>

<figcaption>Ready to go. Image: Elenberg Fraser</figcaption></figure>Known as South Wharf Towers to date, the launch to tender hints toward an imminent retail launch of one or both towers.

Backed through planning by local developer Little Projects, the approved scheme was thereafter offloaded by the developer at the height of interest from Asian-based developers in the Melbourne property market. Selling agent Colliers made note during 2016 of a new Shanghai-based developer secured the development site for around $60 million.

Whilst it now shapes as one of the city's larger apartment projects in waiting, the final outcome will also see a substantial 2,100 square metre public park created, accounting for approximately one-quarter of the site. 

South Wharf Towers was initially submitted as a single 74 level apartment tower spanning 236 metres; at that height, it would have comfortably been Fishermans Bend's tallest building. Subsequent to negotiations with the State Government, the final result saw dual Elenberg Fraser-designed towers approved.

At the time of its approval, Minister for Planning Richard Wynne stated "this development reflects our vision for the future of Fishermans Bend, offering open space and well-designed apartments close to transport and services. We encourage innovative developers to put forward projects which we can be proud of decades after construction."

<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/image21_8_0.jpg" rel="gallery-all" title="Silhouetted south Wharf Towers in an evolving built for context. Image: MGA Architects"><img alt="" class="image-article-full-width-580px" height="319" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image21_8_0.jpg?itok=jQX2slcD" title="Silhouetted south Wharf Towers in an evolving built for context. Image: MGA Architects" width="580"></a>

<figcaption>Silhouetted south Wharf Towers in an evolving built for context. Image: MGS Architects</figcaption></figure>
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Lorimer Street residential towers draw closer to launch with construction tender announced

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EXPERT OBSERVATION
The March 2018 quarterly construction figures from the Australian Bureau of Statistics indicate a slow-down in NSW while Victoria grows.
The latest construction figures indicate a slowing rate of work in NSW particularly for non-residential work.
When the figures are looked at on a per capita basis Victoria does seem to be building more than NSW. For total building in the March Quarter NSW construction was $1,145 per capita whileVictoria spent $1,343 per person.
In terms of residential construction over the March Quarter the per capita figures are$785 per person in NSW and $878 per person in Victoria.
On non-residential construction over the March quarter NSW expenditure was $270 per capita compared to the Victorian per capita expenditure of $339.
While both states are strong in long term measurements it does appear that Victoria is pulling ahead in overall construction dollars on a per capita basis.
It will be important for the NSW government to continue the excellent residential construction of recent years into the future by ensuring a good pipeline of projects in the planning system. There are concerns in the Sydney apartment market of a slow-down inpre commitments for apartments that could have an impact on housing supply.”
See below the graph of Total Building Value per Capita based on ABS seasonally adjusted data for the March 2018 quarter.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/25/C1.jpg" alt="">
 
CHRIS JOHNSON is the Urban Taskforce CEO.
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j.ballantyne1990-6AQqhLzZaK

Construction slowing in New south Wales but growing in Victoria

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Overall the Budget will boost confidence in the building and construction industry, according to Denita Wawn, CEO of Master Builders Australia. 
“The Government’s infrastructure Budget will play a key role in setting the nation up for future prosperity.
The additional $24 billion investment in infrastructure across the country will boost the productivity and liveability of our cities,” she said. 
“Small businesses will benefit from the extension of the $20,000 immediate tax write-off scheme until 2019. There are more SMEs in buiding and construction than any other industry and this great news for mum and dad building business and tradies,” Denita Wawn said. 
“The uncorporated small business tax discount rate will increase from 5 per cent to 8 per cent allowing SME builders to write-off their assets faster,” Denita Wawn said.
But lower house prices could hit the residential construction boom harder than expected, according to the Federal Government's Treasury department.
<div class="cq-article-content-paras section">
Dwelling investment is forecast to rise slightly by 1.5 per cent next year before slowing further and remaining "largely flat" in 2019-20, Treasury estimates.
Residential construction is easing after reaching a peak of near 6 per cent of gross domestic product in the financial year ended June 2017.
Approvals are likely to keep dwelling investment "elevated by historical standards", according to Treasury, especially in New South Wales and Victoria.
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<div class="cq-article-content-paras section">
Treasury also noted a "reasonable pipeline of work" in commercial buildings, especially for offices in Victoria and New South Wales.
The 2018 Budget had no measures that specifically address housing supply and affordability, according to the Real Estate Institute of Australia (REIA).
“Whereas housing affordability was a centre piece of the 2017 Budget there was nothing in this year’s Budget that directly addressed this,” REIA President Malcolm Gunning said.
“It was however pleasing to see that the Government recognises the important role that the current taxation arrangements for negative gearing and Capital Gains Tax play in increasing supply, keeping rents affordable and easing the burden on social housing by leaving these unchanged,” he said. 
Mr Gunning said the Budget’s approach recognises the state of the property market and the impact that APRA’s measures have had in cooling the marking particularly in Melbourne and Sydney and the Treasurer has seen no reason to make any further adjustments. 
“A boost to infrastructure spending, modest improvements in housing income for lower income earners, continued tax write offs for small to medium business and growth in employment can be expected to be mildly expansionary, particularly for regional economies.
“The good news for home buyers is that the Budget is not expected to put pressure on interest rates as inflation is expected to remain within the RBA’s target zone.
“This expected interest rate stability comes at a time when housing prices in some of our major cities are showing signs of easing leading to improved affordability for first home buyers,” Mr Gunning.
 
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Residential housing construction could moderate due to falling prices: Treasury

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The flow of student accommodation projects into planning across Melbourne's inner suburbs has slowed considerably, allowing for the massive associated spike in construction to take its place in the spotlight.

With the effective completion of <a href="/buildings/scape-melbourne-393-swanston-street-melbourne">Scape Melbourne</a> on Swanston Street and Iglu at <a href="/new-apartments/iglu-229-franklin-street-melbourne">229 Franklin Street</a>, there are still nine separate projects under construction. These nine alone will yield thousands of new beds for tertiary students.

<h2>At construction</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/image157_2.jpg" rel="gallery-all" title="A small sample of student accommodation construction"><img alt="" class="image-article-full-width-580px" height="610" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image157_2.jpg?itok=iwhnISTM" title="A small sample of student accommodation construction" width="580"></a>

<figcaption>A small sample of student accommodation construction</figcaption></figure>Latest to construction is <a href="https://urban.melbourne/projects/melbourne/whitley-college-263-royal-parade-parkville">Whitley College</a> on Royal Parade. Builder Hacer has commenced early works across the site which will eventually see a new 6 storey building added behind the existing and unique circular brick building, for a total of 367 beds for GSA Australia.

Also in the starting blocks, UniLodge's 411-bed project across <a href="https://urban.melbourne/projects/melbourne/15-27-wreckyn-street-north-melbourne">15-27 Wreckyn Street</a> with LU Simon tasked with the build.

Beyond that, the balance of projects are at various stages of construction and are generally confined to Carlton and North Melbourne. The notable exception is <a href="/developments/melbourne-vic-3000">42-50 La Trobe Street</a> which is rapidly reaching its final height of 43 levels as builder Hickory utilises its HBS unitised building method onsite.

One of the tallest student accommodation towers anywhere, the development will see 783 beds built in studio, twin share and cluster formats.

<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/image159_3.jpg" rel="gallery-all" title="Atira La Trobe Street is approaching its highest point"><img alt="" class="image-article-full-width-580px" height="853" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image159_3.jpg?itok=ptVZZT-C" title="Atira La Trobe Street is approaching its highest point" width="580"></a>

<figcaption>Atira La Trobe Street is approaching its highest point</figcaption></figure><h2>All but complete</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/image158_0.jpg" rel="gallery-all" title="Scape Melbourne and Iglu's first local offering"><img alt="" class="image-article-full-width-580px" height="288" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image158_0.jpg?itok=kbhQE1-V" title="Scape Melbourne and Iglu's first local offering" width="580"></a>

<figcaption>Scape Melbourne and Iglu's first local offering</figcaption></figure>Two developments are ready for handover as final touches are being applied.

<a href="/buildings/scape-melbourne-393-swanston-street-melbourne">Scape Melbourne</a> is the operator's first local tower and sees approximately 700 beds all but completed at the hand of contractor Built. The Denton Corker Marshall-designed high-rise is a vanguard project of sorts, ushering in the city's first student housing as skyscraper development.

<a href="/new-apartments/iglu-229-franklin-street-melbourne">Iglu Franklin Street</a> is a 594-bed student accommodation building that also resides in the northern reaches of Melbourne's CBD. Builder Hacer carries images of the project's <a href="http://www.hacer.com.au/projects/residential/iglu-229-franklin-street-melbourne">completed internals online</a>, although finishing work is still being carried out.

<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/image162_0.jpg" rel="gallery-all" title="Inside Iglu Franklin Street. Image: Hacer"><img alt="" class="image-article-full-width-580px" height="721" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image162_0.jpg?itok=AyF8nO09" title="Inside Iglu Franklin Street. Image: Hacer" width="580"></a>

<figcaption>Inside Iglu Franklin Street. Image: Hacer</figcaption></figure><h2>Developments in waiting</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/image160_0.jpg" rel="gallery-all" title="500 Swanston Street and 135 Bouverie Street"><img alt="" class="image-article-full-width-580px" height="363" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image160_0.jpg?itok=TA_1fVia" title="500 Swanston Street and 135 Bouverie Street" width="580"></a>

<figcaption>500 Swanston Street and 135 Bouverie Street</figcaption></figure>Pending projects are among some of Melbourne's tallest projects inching toward construction. <a href="/news/atira-hits-melbourne-as-further-student-accommodation-projects-line-up">Atira A'Beckett Street</a>, <a href="https://urban.melbourne/projects/cbd-west-end/183-189-abeckett-street-melbourne">Wee Hur's 183-189 A'Beckett Street</a> and GreenFort Capital's <a href="/news/488-elizabeth-street-turns-to-student-accommodation">478-488 Elizabeth Street</a> are among the tallest towers in Melbourne expected to start construction in the short to medium term.

Wee Hur's A'Beckett Street project stands to become Melbourne's tallest approved student housing project; the approved permit allows for a 58 storey tower spanning 178 metres.

Scape's intended tower at <a href="https://urban.melbourne/projects/cbd-east-end/97-franklin-street-melbourne">97 Franklin Street</a> was to have been the tallest student accommodation building on the planet at 199 metres, but has been rejected by the State Planning Minister. Whilst that project invariably goes back to the drawing board, Scape can pursue their freshly approved <a href="https://urban.melbourne/projects/melbourne/557-591-swanston-street-carlton">557-591 Swanston Street</a>; it will yield 870 new student beds.

The balance of projects looking to take their place in the skyline are via established operators. Iglu's <a href="/developments/south-yarra-vic-3141">South Yarra tower</a> is at construction tender, Melbourne University is backing both the <a href="/developments/carlton-vic-3053">Carlton Connect project</a> and <a href="/developments/carlton-vic-3053">625-631 Swanston Street</a> whilst UniLodge are looking to make good on another location at <a href="/developments/carlton-vic-3053">123-135 Bouverie Street</a>.

Not to be left behind is the Graduate Union of the University of Melbourne which is pushing for a new accommodation project at <a href="/developments/carlton-vic-3053">197-235 Bouverie Street</a>. The design has changed markedly since its initial submission and is now seeking approval for a mid-rise building sporting a new vivid exterior.

<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/carl1.jpg" rel="gallery-all" title="MGS Architects have designed 197 Bouverie Street"><img alt="" class="image-article-full-width-580px" height="363" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/carl1.jpg?itok=FNFoXPb_" title="MGS Architects have designed 197 Bouverie Street" width="580"></a>

<figcaption>MGS Architects have designed 197 Bouverie Street</figcaption></figure>
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An overview of Melbourne's hyperactive student accommodation projects

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The next squadron of mid-sized apartment projects are closing in on a construction start if current build tenders are any indication.

With large-scale apartment projects in somewhat of a lull, small and mid-sized apartment projects have stepped in to absorb current demand. The varied locations of these projects at tender is also set to reinforce the continued proliferation of apartment developments to all corners of Melbourne.

First though a trio of projects that are being retendered due to the demise of contractor Project Group. Having gone to the wall during March, the builder has left a number of apartment projects and their respective developers in a bind.

Curve on Essendon North's Keilor Road was set to begin piling during March, whilst the builds on both Herbert King and Merri Green were in progress.

After a short hiatus the newly selected builders will seemingly have the apartment projects back on track in the weeks to come.

<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/image79_10.jpg" rel="gallery-all" title="Former projects under the control of Project Group"><img alt="" class="image-article-full-width-580px" height="480" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image79_10.jpg?itok=K3E76zlC" title="Former projects under the control of Project Group" width="580"></a>

<figcaption>Former projects under the control of Project Group</figcaption></figure>The remaining nine projects are dotted across Melbourne.

Burbank Group's Edge One in Werribee is at construction tender, with 100 apartments slated for the 10 level building. Apartments.com.au <a href="/news/burbank-advances-plans-for-werribees-riverbend-site">covered the planning application</a> at the turn of the year.

Also on Melbourne's periphery is Gibson Property Corporation's latest apartment release within Mason Point. Set for a public release shortly, the project's tender is for delivery of the final stage within the mixed-use precinct consisting of a six storey build; 55 apartments above multiple retail spaces at ground level.

Swinging to Melbourne's South East and two further projects have progressed to construction tender.

Mercuri at 8 Elliott Avenue Carnegie is poised to join the throng of apartment projects under construction in the immediate area whilst Balfour Development Group is ready to advance Malvern &amp; York. That project consists of 16 luxury apartments across 3 levels, and much like Mercuri it finds itself in the middle of much higher-density construction activity.

<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/image88_7.jpg" rel="gallery-all" title="Mason Point, Malvern &amp; York and The Rochester are closing to"><img alt="" class="image-article-full-width-580px" height="285" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image88_7.jpg?itok=R0CV-WGv" title="Mason Point, Malvern &amp; York and The Rochester are closing to" width="580"></a>

<figcaption>Mason Point, Malvern &amp; York and The Rochester are close to beginning</figcaption></figure>The balance of projects are within inner city suburbs; Brunwick, Fitzroy, Abbotsford and North Melbourne are all set to see additional construction in the near future.

Breese Apartments in Brunswick was <a href="/news/emphasis-on-sustainable-design-for-milieus-latest-in-brunswick">highlighted earlier in the week</a> whilst 22-28 Courtney Street's sales campaign has seen it also advance to a build tender.

The remaining three projects all front Johnston Street. GURNER's The Spanish Club and The Rochester are both dedicated apartment developments in Fitzroy whilst 344 Johnston Street in Abbotsford is also at tender. The mixed-use scheme for the site was during August last year and looks to be edging closer to reality.
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A dozen mid-sized apartment projects inch closer to construction

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Another station precinct development authorised by VicTrack has slipped into construction mode.

Piling works have begun on the southern building adjacent to Jewell railway station, which is part of a development backed by Neometro that will deliver approximately 120 new apartments metres away from a refurbished station and concourse. The southern building will eventually front both Barkly Street and the station forecourt.

The MA Architects-designed Barkly Street building will rise eight levels and include over 70 apartments and a green rooftop 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/ext_south_snippet_final_lowres_copy.jpg" rel="gallery-all" title="Jewell Station's southern building is under construction. Image: NeoMetero"><img alt="" class="image-article-full-width-580px" height="352" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/ext_south_snippet_final_lowres_copy.jpg?itok=yQOUBdnY" title="Jewell Station's southern building is under construction. Image: NeoMetero" width="580"></a>

<figcaption>Jewell Station's southern building is under construction. Image: NeoMetero</figcaption></figure>Its move to construction has also seen the apartments within the second building dubbed 17 Union Street released for sale. BKK Architects are responsible for the design of the Union Street building, in addition to acting as master-planners for the entire precinct.

According to the architecture practice, VicTrack were swayed in the direction of their submission for the station precinct renewal due to their design led solution which incorporated the latest in community consultation, sustainable practices, integrated living and adaptability.

According to VicTrack Jewell station's upgrade will also be delivered as part of the initial build.

Meanwhile, Ormond Station's redevelopment is back on the agenda as developer DealCorp seeks to placate authorities in a bid to have the multi-level apartment project revived. Architects ClarkeHopkinsClarke originally devised a 13 storey tower for site.

<blockquote>
Following the removal of a level crossing on North Road, the development of this land and airspace will capture value within the site, making it possible for the delivery of key public infrastructure. Secondly it will serve as a link between the two existing retail precincts flanking the train line, generating an expanded offering and improved experience for local shoppers as well as better commercial opportunities for the current tenancies.

Thirdly, it will introduce a quality apartment style product into this established residential community with a more affordable entry point into the market.

ClarkeHopkinsClarke
</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/image317.jpg" rel="gallery-all" title="Ormond Station's initial 13 storey design. Image: ClarkeHopkinsClarke"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image317.jpg?itok=WlnCeQF2" title="Ormond Station's initial 13 storey design. Image: ClarkeHopkinsClarke" width="580"></a>

<figcaption>Ormond Station's initial 13 storey design. Image: ClarkeHopkinsClarke</figcaption></figure>The Victorian Parliament didn't see the project in the same light, electing to vote down the development primarily due to its height.

Earlier this month, The Age <a href="https://www.theage.com.au/politics/victoria/renewed-design-for-high-rise-ormond-tower-20180304-p4z2ry">reported </a>that DealCorp's intentions for the development were back on track, albeit minus three levels. Owned by VicTrack, the site is now likely to host a ten level mixed-use building consisting primarily of apartments, with a full line supermarket, specialty retailers, bike share facilities and civic plaza included.

After holding positive talks with the state opposition, DealCorp will likely submit revised plans to the Level-Crossing Removal Authority for Ormond Place later this month.

<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/image318.jpg" rel="gallery-all" title="Ormond Station's low-rise component. Image: ClarkeHopkinsClarke"><img alt="" class="image-article-full-width-580px" height="293" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image318.jpg?itok=Wnnmv-uk" title="Ormond Station's low-rise component. Image: ClarkeHopkinsClarke" width="580"></a>

<figcaption>Ormond Station's low-rise component. Image: ClarkeHopkinsClarke</figcaption></figure>
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Jewell Station apartments begin construction, Ormond Station tower lowered in height

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Standing dormant for years, Kinnears Footscray has finally begun its transformation into a mixed-use precinct.

Builder LU Simon has initiated works on Stage One of the project, which will be known as <a href="/buildings/live-city-124-188-ballarat-road-footscray">L.I.V.E. City</a>. Beating out other contractors such as Hutchinson and Hamilton Marino, LU Simon is tasked with delivering 208 apartments across 14 levels at the western most section of the massive 33,393 square metre site which is addressed 124-188 Ballarat Road.

Demolition works are in progress elsewhere across the site, gradually removing the structure that formerly housed the rope manufacturer. Architecture firm Elenberg Fraser are working on the master-planned precinct for developer R&amp;F Property Australia. 

Although a display suite onsite is ready, no public release of apartments has taken place as yet.

<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/image281.jpg" rel="gallery-all" title="Works across the Kinnears site with XO Projects' take on the development"><img alt="" class="image-article-full-width-580px" height="492" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image281.jpg?itok=BV_aStlz" title="Works across the Kinnears site with XO Projects' take on the development" width="580"></a>

<figcaption>Works across the Kinnears site with an early masterplanned image for the site</figcaption></figure>Meanwhile works across <a href="/buildings/victoria-square-8-hopkins-street-footscray">Growland's Victoria Square</a> site have begun following a January approval to amended plans for the development.

Six buildings consisting of 900 plus apartments, offices and extensive retail space can proceed. The $600 million project now has excavators onsite preparing for a construction start.

Amendments to the Kavellaris Urban Design scheme included bumping apartment numbers up to 931, increasing commercial floor space to 6,012 square metres and boosting parking spaces within the development to 1075. <a href="https://urban.melbourne/planning/2017/10/10/growland-pushes-footscrays-victoria-square-new-heights">Building heights were also marginally increased</a>, with the tallest to stand at 25 storeys.

Stage One of Victoria Square includes the delivery of 161 single bedroom, 265 dual bedroom and 28 triple bedroom apartments across two towers.

<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/image27_5_0.jpg" rel="gallery-all" title="The amended and approved Victoria Square. Image: KUD"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image27_5_0.jpg?itok=pVUNNQPH" title="The amended and approved Victoria Square. Image: KUD" width="580"></a>

<figcaption>The amended and approved Victoria Square. Image: KUD</figcaption></figure>With earthworks in progress, construction proper on Stage One of Victoria Square is slated to begin mid this year, with a completion target of 2020.

Either side of Victoria Square, construction is also in motion for two fellow Joseph Road Precinct projects. Blue Earth Group have initiated construction across 2 Hopkins Street, whilst Stage One of Riverina Footscray has recently topped out.

It will temporarily hold the title as Footscray's tallest residential tower until Victoria Square's first stage is completed. Future stages of Riverina will see two 31 level apartment towers also delivered.

<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_7067.jpg" rel="gallery-all" title="Riverina Footscray construction progress"><img alt="" class="image-article-full-width-580px" height="355" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/img_7067.jpg?itok=hE1vkpNG" title="Riverina Footscray construction progress" width="580"></a>

<figcaption>Riverina Footscray construction progress</figcaption></figure>
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Kinnears and Victoria Square add to Footscray's construction upswing

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Oracle, the US technology giant has announced it will buy the ASX-listed construction software group Aconex in a $1.6 billion deal. 
The deal, to be done under a scheme of arrangement, will see Oracle offer $7.80 a share.
The company was founded by Australians Leigh Jasper and Rob Phillpot has been described as one of the most-shorted stocks on the ASX. 
Phillpot and Jasper will get about $88 million and $92 million respectively from the deal.
"The Aconex and Oracle businesses are a great, natural fit and highly complementary in terms of vision, product, people and geography," Jasper said in a statement to the Australian stock exchange.
The offer represents a 47 per cent premium to Aconex's last close price. Its shares hit a peak of $8.28 mid last year.
The Aconex chairman Adam Lewis said the price offered by Oracle was strong. 
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Credit Suisse is acting as financial adviser to Aconex and Herbert Smith Freehills is acting as legal adviser. 
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Mr Jasper, who is also the chief executive of the company, will remain with the business under Oracle's ownership. 
Aconex is a Melbourne-based company founded in 2000. Aconex’s Australian operations achieved profitability six years later.
It was in 1998 when the idea arose for the old school friends Leigh Jasper and Rob Phillpot who played weekly squash games.
Phillpot was a project manager at Multiplex Constructions and Jasper, who had studied engineering and science at Melbourne, was working at the consulting firm McKinsey &amp; Company.
The Australian Financial Review noted the pair raised $2.8 million in 2000, mainly from QA Software, Probuild, and a number of private investors.
Their collaborative project management platform has been used on some of the biggest construction sites around the world, including the Panama Canal extension.
Clients include Brookfield Multiplex and Grocon.
It has 47 offices serving customers in more than <a href="https://www.aconex.com" target="_blank">70 countries</a>.
The shares started trading in 2014 at $2, up five percent on the final offer price of $1.90.
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The scheme booklet is expected to be sent to Aconex shareholders in late February 2018 with an approval meeting in late March. 
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Oracle seeks ASX-listed construction software group Aconex

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<div>
A joint construction company venture in Brisbane between the Chinese government-owned construction giant China Railway Construction Group's and construction company Rimfire Constructions has collapsed.
The joint venture formed by the two parties, CRCG-Rimfire Pty Ltd has been placed under voluntary administration, the Courier Mail reported last week.
Fairfax Media reported Grant Thornton has scheduled the first creditors meeting for Monday.
It was a big disappointment for the world's third largest construction company, according to a media statement by the company.
</div>
<div>"Unfortunately, the appointment of an administrator to Rimfire Constructions (Qld) Pty Ltd being the subsidiary of our joint venture partner, Rimfire Constructions Pty Ltd in September has now had a flow-on impact on the joint venture company, CRCG-Rimfire," the company said,</div>
<div> </div>
<div>"CRCG wishes to be a productive, long-term participant in the Australian construction industry."</div>
<div>
Rimfire Constructions was previously led by former Lendlease head of apartment construction Adam Moore and Danny Cain. 
In a report to the creditors of Rimfire Constructions, Mr Cain said Rimfire's troubles were caused by CRCG's refusal to pay for expenses incurred by the joint venture.
</div>
<div>The business, which was initially profitable, had cost overruns, the report said, but agreement between the two companies which indicated CRCG would reimburse the JV costs ahead of regulatory approvals was not honoured, Mr Cain said.</div>
<div> </div>
<div>CRCG disputed the debt of $1.169 million and a CRCG spokesperson vehemently rejected the claims.</div>
<div>
"The company is confident the voluntary administrator will get to the bottom of all transactions and that CRCG's position will be vindicated," he said.
"We now find ourselves in a situation where the directors had little choice but to place the company into voluntary administration," CRCG said.
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<div>
The biggest creditors in the JV fallout were subcontractors, material suppliers and employees, the joint venture's administrator, Grant Thornton's Michael McCann, said.
The joint venture had about six building contracts for apartment projects across Brisbane by unrelated developers.
The company had worked on an apartment complex at Greenslopes and a high-rise unit block in Baxter St, Fortitude Valley.
The Beijing-based CRCG has completed projects outside China, including the Four Seasons Hotel in Kuala Lumpur, a power project in Papua New Guinea and a 240 residential village in Saudi Arabia.
One of the largest companies in China and in the world, the $28 billion CRCC, has been responsible for large projects such as the Beijing-Shanghai High-speed Railway.
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