Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

Joel Robinson

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
</section>
</section>

[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Local Little Bay residents, along with buyers from premium postcodes across Sydney’s affluent Eastern Suburbs, have dominated purchases in developer-builder Urban Property Group’s first Eastern Suburbs apartment development, <a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a>.

The $250 million coastal project, one of the first new developments in the area in several years, has proven particularly popular with downsizers, especially those from Coogee and Bondi. One Double Bay downsizer paid $4.7 million for a four-bedroom penthouse, setting a new local apartment price record in the process.

Buyers have been attracted to the combination of coastal tranquillity, premium design and amenity-rich neighbourhood living. The walkable village setting, along with proximity to three of Sydney’s leading golf courses, New South Wales Golf Club, St Michael’s Golf Club and The Coast Golf Club, has also been a key drawcard.

[smartcode_project:default project_id=112343 project_image_fid=352689]

Built across two low-rise buildings designed by <a href="https://www.apartments.com.au/architects/hill-thalis-architecture-urban-projects-pty-ltd">Hill Thalis</a> and set along a lush, landscaped green spine, designed by leading landscape architect <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>, ESTE Little Bay offers a collection of one, two, three and four-bedroom residences with interiors by Richards Stanisich.

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> Sales Director, Tom McIvor said the response to ESTE has been "nothing short of extraordinary."

“Buyers have been quick to recognise ESTE as a rare opportunity to invest in a coastal sanctuary that offers both seclusion and connectivity to the heart of Sydney,” McIvor said.

[smartcode_project:default project_id=112343 project_image_fid=352687]

<a href="https://www.apartments.com.au/project-marketer/srm-residential">SRM Residential</a> Senior Director, <a href="https://www.apartments.com.au/project-marketer/srm-residential">Clayton Ross</a> said the local market has responded incredibly well, driven by ESTE’s exceptional location and the rarity it offers.

“We’ve seen strong interest from a variety of buyer groups, all of whom are drawn to the exclusivity and quality of the build and construction by the 4.5-star iCIRT-rated builder / developer, Urban Property Group. There’s truly nothing else like it along Sydney’s coastline.”

[smartcode_project:default project_id=112343 project_image_fid=352690]

The project also includes robust buyer protections, including Resilience Insurance’s Latent Defects Insurance, providing 10 years of structural cover, and an independent iCIRT-rating of the developer.

“The iCIRT-rating adds another layer of confidence,” Ross added. “Buyers see it as a safeguard for their investment and their lifestyle.” A highlight of ESTE’s offering is its exclusive wellness amenities, including a heated rooftop infinity pool and outdoor heated spa, a state-of-the-art Technogym fitness centre, and a sauna.

<a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a> is topped out and is on track to complete towards the end of 2026, with residents moving in before Christmas.

[smartcode_project_cta:default project_id=112343]

Eastern Suburbs buyers snap up ESTE Little Bay apartments

Cremorne

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A local private purchaser has snapped up four adjoining terrace houses in Melbourne's Cremorne.
There was a strong contest between owner-occupiers and developers for 102-106 Stephenson Street.
It sold under the hammer for $7.1 million after bidding started from $6,300,000.
Four adjoining property owners joined forces to sell their properties as one large, 546 square metre Commercial 2 zoned development site.
The eventual land rate of $13,003 per square metre sets a new benchmark for Cremorne commercial development opportunities, Colliers suggested. 
Land values in the prime city fringe hot spots of Richmond and Cremorne, as well as nearby Collingwood and Abbotsford, have almost doubled in the last two years, from circa $5,000-$7,000 per square metre two years ago to north of $11,000 per square metre for Commercial 2 zoned land.
A nearby permit-approved, 1,579 square metre corner site at 71-93 Gipps Street in Collingwood has already attracted more than 100 enquiries and interest in the vicinity of $17 million.
It is an immediate development prospect for an 11 level, Hayball-designed office project.
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j.ballantyne1990-6AQqhLzZaK

Four Cremorne neighbours combine to secure $7.1 million

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ICON Developments has partnered with builder Icon Co to commence construction on 600 Church Street, an eight-storey commercial office development in Cremorne designed by Wood Marsh.

The development was approved by VCAT in late April 2018 and shortly thereafter it was announced that Bayley Stuart Capital purchased the building off-the-plan for $50 million with vacant possession. ICON Developments expects 600 Church Street to further bolster the area which has become Melbourne’s hottest city fringe office market.

Companies 7-Eleven, Seek, MYOB and Reece Group have in recent times announced their intentions to relocate to Cremorne, reinforcing the area's reputation as a Silicon Valley of sorts.

600 Church Street will feature 5,264 square metres of office space across eight levels, topped off with a landscaped rooftop terrace. The development will also include 535 square metres of retail space, 71 car spaces, 100 bicycle parks and extensive end-of-trip facilities located within three levels of basement car parking.

<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/church_street_rooftop.jpg" rel="gallery-all" title="600 Church Street will be topped off by a rooftop landscaped terrace. Image: ICON Developments"><img alt="" class="image-article-full-width-580px" height="341" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/church_street_rooftop.jpg?itok=X2hJH7Q1" title="600 Church Street will be topped off by a rooftop landscaped terrace. Image: ICON Developments" width="580"></a>

<figcaption>600 Church Street will be topped off by a rooftop landscaped terrace. Image: ICON Developments</figcaption></figure>According to ICON Developments the project, designed by architects Wood Marsh, will showcase the quality of commercial development that can be found outside of the CBD.

<blockquote>
Cremorne continues to be a leading city fringe office market, making it an attractive location for tenants looking for new space outside the CBD. New developments like 600 Church Street will continue to open the area up to new occupiers looking for modern space.

Companies are continuing to be attracted to Cremorne given existing retail amenity, public transport infrastructure and some of Melbourne’s best cafes and restaurants.

We’re excited to start seeing the building take shape and lead the way for quality and design in city-fringe commercial development.

Brinn Tavener, ICON Developments senior development manager
</blockquote>

Demolition commenced on site earlier this year with Icon Co providing a turnkey solution to construct the building before handover to Bayley Stuart Capital in late 2019.

600 Church Street will join a growing number of developments within Cremorne which will add to the character and mix of the area, these are highlighted in the map below. You can check these out in greater detail <a href="/developments/cremorne-vic-3121">here</a>.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/cremorne_map.png" rel="gallery-all" title="Development activity within Cremorne."><img alt="" class="image-article-full-width-580px" height="297" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/cremorne_map.png?itok=wTUYHHUi" title="Development activity within Cremorne." width="580"></a>

<figcaption>Development activity within Cremorne.</figcaption></figure>
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Laurence Dragomir

Icon Co commences construction on 600 Church Street

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Former ANZ chief economist Warren Hogan didn't get a bid when his Cremorne home went to mid-week auction, but it sold the next day.
<div>
<div>Some $3.7 million was expected by Hogan and his wife Samantha, who are off to the upper north shore.</div>
<div> </div>
</div>
<div>
<div>The five-bedroom Davidson Parade home with a pool is on a 600sqm block. It has upper level Middle Harbour views.</div>
<div> </div>
<div>It had been renovated since it last traded in 2012 at $1,525,000.</div>
<div> </div>
<div>Colin Craig at Ray White Lower North Shore placed a $3.69 million vendor bid. He sought to illicit bids from two parties at the auction, offering an extended 84 days settlement.</div>
<div>  </div>
<div>Warren Hogan is an industry professor at UTS Business School and a former Federal Treasury official.</div>
<div> </div>
<div>This article was first published in the Saturday Daily Telegraph.</div>
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<div> </div>
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firstname1-iYD4UYzvBa

Former ANZ chief economist Warren Hogan sells Cremorne home

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Former ANZ chief economist Warren Hogan has listed in Cremorne.
<div>
<div>Some $3.7 million is expected at its August 23 auction by Hogan and his wife Samantha, who are off to the upper north shore.</div>
<div> </div>
</div>
<div>
<div>The five-bedroom home with a pool is on a 600sqm block. It has upper level Middle Harbour views.</div>
<div> </div>
<div>Renovated since it last traded in 2012 at $1,525,000, <a href="https://www.domain.com.au/real-estate-agent/colin-craig-1394428/" target="_blank">Colin Craig at Ray White Lower North Shore</a> has the listing.</div>
<div> </div>
<div>Potential investor buyers have been given a $2500 a week rental estimate for the Davidson Parade home.</div>
<div> </div>
<div>Warren Hogan is an industry professor at UTS Business School and a former Federal Treasury official.</div>
<div> </div>
<div>
This article first appeared in The Sunday Telegraph</div>
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Economist Warren Hogan has listed his former Cremorne home

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The Mosman-based Lyn Cobley, Westpac's most senior corporate and institutional banker, has bought in Cremorne.
She has spent $1.9 million on a three bedroom, two bathroom investment Beau Monde apartment, which was quickly leased at $1100 a week, reflecting a tight three percent annual rental yield. 
Renovated throughout since last traded for $420,000 in 2004, the apartment spans 170 square metres, with two large balconies extending from a bedroom and the open plan living, kitchen and dining area. 
Cobley previously worked as the group treasurer at Commonwealth Bank for six years and has held senior positions at Barclays Capital and Citibank.
Belle Property Neutral Bay agents David Benjafield and Jesse Zammit sold the apartment.
This article first appeared in The Daily Telegraph. 
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Westpac executive Lyn Cobley buys in Cremorne 

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Mosman agent Michael Coombs has been labelled the lower north shore luxury market's "most prolific agent" by The Australian Financial Review.
It revealed he has 57% of the market share.
"He continues to outsell his competitors Simeon Manners, Ray White, LJ Hooker, Belle Property and Raine &amp; Horne," the article noted.
The paper made the claim in an exclusive report that landscaper builder Antony Tisch had sold his palatial waterfront Cremorne mansion for about $20 million, setting a new sale record for the suburb.
<a href="https://www.realestate.com.au/property-house-nsw-cremorne-127488334" target="_blank">The eight-bedroom 1080 square metre home</a> with five levels stacked like a layer cake overlooking Willoughby Bay still appeared as for sale on realestate.com.au and domain.com.au until late today.
But the AFR advised it had actually been sold to a Chinese buyer.
<img src="http://www.afr.com/content/dam/images/h/0/y/m/k/6/image.imgtype.afrArticleInline.620x0.png/1523422327235.jpg" alt="The property also comes complete with an all-important Sydney staple, a personal jetty, boatshed and pontoon." width="620"><cite></cite>
Tisch acquired the home ten years ago for just over $7 million.
The record bettered the sale of nearby Glencoe at 26 Wonga Road which sold for $18 million earlier this year to Kennards Hire chief executive officer Angus Kennard who this week sold his North Manly home which had a price guide of $5 million through Jake Rowe, of Rowe Partners Real Estate.
Coombs reportedly declined to comment about the record sale, the paper noted.
A rival report on Domain said sources confirmed it sold for about $19 million, not $20 million.
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Unconfirmed record Cremorne harbourfront sale emerges

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A crystalline commercial building fit for the new knowledge economy is set for Melbourne's Cremorne.
ICON Developments and architects Wood Marsh have gained development approval for the eight-level office building.
It comes with ground-floor retail, on a prime site on the corner of Balmain and Church streets.
Providing for 5,264 square metres of office space and 535 square metres of retail space as well as a rooftop terrace, the light-filled design takes its inspiration from the facets of a cut diamond or shattered ice, explains Wood Marsh director Roger Wood.
“The new business paradigm is one of transparency and shining light onto thinking and ideas. That’s what our design reflects. We were interested not only in the way light refracts through cut stones such as diamond but also in the strength of diamond, and that’s how we developed the facade.”
“What we’ve tried to do is craft the building with set-backs incrementally folding away from the street so it looks like a sculpted object. It has the muscularity of an industrial building but it also has the translucency of a cut diamond.”
The new building’s 600 Church Street site, previously occupied by the low rise Nuttelex warehouse, is a major landmark when coming towards the suburb from the Yarra River, and, according to Wood, deserved an architectural response of distinction.
It will be double glazed, reflective and highly rated for energy conservation.
The building’s other amenities include a rooftop garden so that people working in the building can have lunch in the open or socialise after work.
That rooftop level was recently a matter for the Victorian Civil and Appeals Tribunal, which overturned the City of Yarra’s modifications and approved Wood Marsh’s original design. For Wood, the VCAT decision sets an encouraging design precedent.
“VCAT recognised the architectural quality of the building. In an unprecedented move, the tribunal adjourned early and effectively ruled that the design deserved to go ahead without being tampered with,” Wood explains.
“It’s important to note that our appeal really was about the design: it’s not like we were trying to double the height of the building. Hopefully council sees that as a positive result and that if they get good quality architecture being brought forward then it should be supported.
“There are a lot of good architects in Melbourne and I think the outcome is encouraging for good quality architecture not just in Cremorne but throughout Melbourne.”
Developer ICON has been based in Cremorne for almost 20 years. Chief executive Ashley Murdoch says the new building will be a worthy addition to a suburb on the rise.
“As a hub for tech-focused companies and those in the creative industries, Cremorne needs more of the kind of thoughtfully designed commercial space we are putting forward here. Wood Marsh’s design is highly innovative and shows great integrity in the way it contrasts a contemporary response with the area’s industrial heritage,” Murdoch says.
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Architecturally-designed crystalline building approved in industrial Cremorne, Melbourne

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Probuild has secured the contract to build Stage One of Caydon's <a href="http://maltdistrict.caydon.com.au/">The Malt District</a> on the former Nylex site, transforming it into a mixed-use residential and commercial development that retains elements of its industrial past.

Stage One of the development, known as <a href="http://maltdistrict.caydon.com.au/coppins-corner/">Coppins Corner</a> - a historical local reference to the 1850s Richmond and Cremorne identity George Coppin – includes a split-level tower of 15 and 12-storeys, featuring 209 one, two, and three bedroom and SoHo-style apartments, with retail and hospitality located on the lower levels.

The Coppins Corner residential building was designed by Fender Katsalidis to complement adjacent heritage structures being retained in the development, including a historic Malt House to be converted into a micro-brewery and pub. Coppins Corner also features public spaces, courtyards and laneways designed by landscape architect Oculus, that will connect new and old buildings in the precinct with roads, pedestrian and bicycle paths.

Almost 50% of Coppins Corner apartments have sold, with significant interest in three-bedroom apartments from young families and empty-nesters wanting to move closer to Melbourne.

Probuild’s appointment also includes construction of a 9-storey office building on the site’s south-eastern corner. Designed by Hayball, the 8,800 sqm complex will be occupied by business software giant MYOB, whom Cayden signed on in recent months.

<blockquote>
The emerging creative office movement and Cremorne’s urban grit meld industry with commerce, expressed materially in the use of brick and glass, while the heavily bricked podium levels respond to the neighbourhood’s rich historic qualities. The design’s slender, angular form pulls away from the boundary edge on a landscaped laneway to create a heightened pedestrian experience, activated by retail tenancies at ground level.

- Hayball
</blockquote>

The announcement builds on the momentum created from a string of recent announcements about the iconic site, including the MYOB deal and permit approval received in January for Stage Two of the development involving the iconic Nylex clock and silos.

Demolition works are already well underway at the site with Probuild commencing construction in the next few months, with an expected completion date of mid-2020.

<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/2178_caydon_cremorne_v02.jpg" rel="gallery-all" title="MYOB's new digs at The Malt District designed by Hayball. Image: Supplied"><img alt="" class="image-article-full-width-580px" height="713" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/2178_caydon_cremorne_v02.jpg?itok=e4XyUNA4" title="MYOB's new digs at The Malt District designed by Hayball. Image: Supplied" width="580"></a>

<figcaption>MYOB's new digs at The Malt District designed by Hayball. Image: Supplied</figcaption></figure><h2>What they say</h2>

<blockquote>
Probuild’s appointment to build Coppins Corner is a significant milestone for Caydon, and the start of the transformation of what is now a derelict industrial site into a stunning place for people to live, work and visit.

We have had an enthusiastic response to the release of Coppins Corner apartments from local residents, owner-occupiers and investors, who are attracted to the area for its proximity to the CBD, the MCG and Melbourne &amp; Olympic Park sports precinct, and bustling Bridge Road and Chapel Street with their shops and restaurants.

Probuild has a reputation for quality and excellence, which is why we have worked with them on other developments, and is precisely what buyers in The Malt District will get in their apartments.

- Jarrod Stratton, Caydon Chief Operations Officer
</blockquote>

 

<blockquote>
Coppins Corner is the third project Probuild and Caydon have collaborated on, after successfully delivering two Melbourne residential towers in the past.

We know we were selected for this job on the back of our people. Our people are leaders in both residential and commercial construction; Caydon really understand how Probuild adds value through our quality benchmarks and reliability.

- Luke Stambolis, Probuild Victorian Managing Director
</blockquote>
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Probuild secures contract for Stage One of The Malt District

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The Victorian Civil and Administrative Tribunal (VCAT) has approved ICON Developments' 600 Church Street commercial office development in Cremorne's growing technology precinct, dubbed 'Silicon Valley.'

Designed by Wood Marsh, 600 Church Street is set to become a prominent, architecturally designed commercial office building that will contribute to Cremorne’s existing industrial context and enhance the streetscape.

ICON worked collaboratively with both project architects Wood Marsh and the City of Yarra to refine the final design and ensure it provides a unique offering for businesses looking to relocate into the fast-growing design and technology precinct.

The approved development will include 5,264 sqm of office space and 535 sqm of retail space over eight levels topped off with a landscaped rooftop terrace, in addition to 71 car spaces, 100 bicycle parks and extensive end of trip facilities located within three levels of basement car parking.

The lure for prospective 600 Church Street tenants is the opportunity to join the thriving creative, retail and technology companies that have based themselves in Cremorne which is fast becoming one of Melbourne’s most attractive commercial markets.

<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/hero_0.jpg" rel="gallery-all" title="600 Church Street will add to Cremorne's growing office development. Image : ICON"><img alt="" class="image-article-full-width-580px" height="792" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/hero_0.jpg?itok=b1r_0iD7" title="600 Church Street will add to Cremorne's growing office development. Image : ICON" width="580"></a>

<figcaption>600 Church Street will add to Cremorne's growing office development. Image: ICON</figcaption></figure><blockquote>
We worked closely with Wood Marsh and the City of Yarra before submitting the development application in June 2017. From here, we further refined the design based on community feedback and subsequently approval was granted from VCAT on 17 April 2018.

City fringe locations like Cremorne continue to attract significant interest from occupiers who would’ve previously only looked at CBD office space, making it one of the strongest performing office markets in Victoria.

With all the existing amenity including some of Melbourne’s best cafés and retail strips, public transport and parks, it’s easy to see why many businesses are making the change.

- Brinn Tavener, ICON Developments senior development manager 
</blockquote>

Demolition of the existing building on site is already in full swing, with the construction of the new development anticipated to commence in June 2018, with a target completion date of  Q4 2019.

600 Church Street joins a growing list of commercial developments within Cremorne with Apartments.com.au currently tracking 10 commercial projects within the database. 

Salta Properties has also afforded a glimpse of its latest commercial development designed by Architectus to be located on Church Street, via its social media channels.

<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/screenshot_20180423-181652_instagram.jpg" rel="gallery-all" title="A glimpse of the interior of Salta Properties' latest Church Street project. Image : Salta Properties"><img alt="" class="image-article-full-width-580px" height="574" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/screenshot_20180423-181652_instagram.jpg?itok=PA-_HVzF" title="A glimpse of the interior of Salta Properties' latest Church Street project. Image : Salta Properties" width="580"></a>

<figcaption>A glimpse of the interior of Salta Properties' latest Church Street project. Image: Salta Properties</figcaption></figure>
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ICON and Wood Marsh combine for 600 Church Street

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The former McGrath Ltd chief operating officer Geoff Lucas - who left around the time the ASX float for what turned out to be a short-term role at the NSW bread maker and café group, Sonoma - has listed in Cremorne.
It is through <a href="https://www.propertyobserver.com.au/https://mcgrath.com.au/buy/house/nsw/lower-north-shore/cremorne/371005" target="_blank">the local McGrath office</a> with $6 million to $6.6 million hopes from agents Adrian Bridges and Michael Coombs.
The five bedroom home has views over Willoughby Bay.
<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/2018/2/2/lucas2.jpg" alt="">
There's a private garden with swimming pool and spa.
Lucas paid $3,425,000 for the home in 2005, snapping it up pre-auction after just 12 days.
He owns 1/100th and wife, Nicola the 99/100ths.
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