Abadeen has released the whole-floor penthouse crowning its recently completed <a href="https://www.apartments.com.au/buildings/park-residences-cremorne-2-sutherland-street-cremorne-nsw-2090">Park Residences</a> development in Cremorne, bringing the near-300 sqm residence to market for the first time.

Occupying the entire top floor of the boutique Lower North Shore development, the penthouse includes 221 sqm of internal living and a 74 sqm wraparound terrace, with a prized north-facing aspect taking in views across Middle Harbour.

The residence has been completed and fully furnished following a collaboration between Abadeen Executive Chairman Justin Brown and internationally recognised interior designer Jack Freeman, Founder and Managing Director of FREEMAN &amp; CO.

<a href="https://www.apartments.com.au/developers/abadeen">Abadeen</a> and Freeman approached the penthouse as a finished home, sourcing furniture, artwork, lighting and objects from Australia and overseas.

[smartcode_project:default project_id=114246 project_image_fid=378718]

Pieces from Parisian design house Pierre Augustin Rose sit alongside contemporary artworks and bespoke lighting, with Freeman drawing on recent visits to PAD Paris and Salone del Mobile Milano for the final collection.

Brown said the aim was to create a penthouse that felt more like a large-scale private home than a traditional apartment.

"The experience begins the moment the lift doors open. You're welcomed into an elegant dining room before the home opens into an extraordinary living space framed by sun-drenched harbour views.

"Every time someone walks through the front door they pause. It's not just the view, it's the incredible sense of space, the warmth created by the northern sunlight that fills the interiors, and the way every room connects so effortlessly.

"It has all the proportions of a luxury home, while delivering the effortless lifestyle and personalised experience of living in a world-class six-star hotel, combined with the simplicity and convenience of apartment living."

[smartcode_project:default project_id=114246 project_image_fid=378713]

A secure lift provides exclusive access to the penthouse level, opening to a dedicated arrival foyer and dining area before the residence expands into its main living and entertaining spaces.

Floor-to-ceiling glazing runs across the northern side of the home, connecting the interiors with the terrace and Middle Harbour outlook.

The penthouse also features a fireplace and substantial chef's kitchen, while the wraparound terrace has been designed to accommodate both everyday outdoor living and larger-scale entertaining.

[smartcode_project:default project_id=114246 project_image_fid=378720]

Freeman said the interiors had been deliberately kept restrained to complement the scale, natural light and outlook already established by the architecture.

"The penthouse is a serene study in quiet luxury," Freeman said.

"The interior pairs soft, sculptural forms with warm timber, pale stone and a restrained neutral palette. Curated artwork and metallic accents add depth, while abundant natural light creates a calm, effortlessly refined atmosphere. In my world, less is always more."

Freeman said the approach was centred around collecting individual pieces rather than simply decorating the apartment.

"Every material, every object and every piece of furniture has been curated with intention. I am a true believer in collecting versus decorating.

"The architecture already provided extraordinary natural light, remarkable volume and an uninterrupted connection to Middle Harbour. Our role was to complement those qualities with unique one-of-a-kind pieces of fine art and collectible design sourced from recent travels around the world."

[smartcode_project:default project_id=114246 project_image_fid=378694]

Among the collection are solid bronze sculptures by Lorenzo Quinn, alongside a curated crystalware collection and pieces sourced from international design fairs.

Park Residences sits opposite Cammeray Golf Club, Cammeray Croquet Club and Grand Slam Tennis Cammeray, around 300 metres from Neutral Bay Village and its established collection of restaurants, cafés and retail.

Brown said the combination of a whole-floor floorplan, northern aspect and proximity to Neutral Bay was becoming increasingly difficult to find on the Lower North Shore.

"Completed whole-floor penthouses with a sun-drenched north-facing aspect and sweeping Middle Harbour views are exceptionally rare," Brown said.

"Add a quiet position opposite golf, croquet and tennis facilities, a level walk to Neutral Bay Village and only minutes to the CBD, and you have a lifestyle that's incredibly difficult to replicate.

"This is a home that offers the privacy and generosity of a luxury residence together with the convenience of one of Sydney's best-connected harbourside locations."

The penthouse will be exclusively marketed by SRM Residential.

[smartcode_project_cta:default project_id=114246]

Joel Robinson

Abadeen unveils penthouse at Park Residences in Cremorne

New Brisbane developer Dalcott has unveiled Marrone, the first of three residential projects it is planning in and around Browning Street in South Brisbane.

<a href="https://www.apartments.com.au/new-apartments/marrone-south-brisbane-39-browning-street-south-brisbane-qld-4101">Marrone</a> will comprise 97 predominantly two- and three-bedroom apartments, with larger residences aimed squarely at the owner-occupier market.

The project will sit in a quiet pocket of South Brisbane between South Bank and West End, close to the restaurants, cultural attractions and riverfront amenity that have driven the suburb's continued transformation.

Dalcott is targeting buyers looking for more space and amenity than has traditionally been offered in the inner-city apartment market, particularly downsizers and professionals wanting to remain close to the city.

[smartcode_project:default project_id=149951 project_image_fid=377072]

Resident facilities will be concentrated around an extensive rooftop amenity offering, including a swimming pool, spa, infrared sauna, warm and cold magnesium plunge pools, private lounge, dining room and outdoor entertaining areas.

Dalcott Managing Director Lachlan Cottee said South Brisbane's combination of lifestyle, connectivity and established character had been central to the approach to Marrone.

“South Brisbane offers a combination of lifestyle, connectivity and character that’s difficult to replicate elsewhere in Brisbane,” Cottee said.

“Our focus has been on creating homes that feel connected to that environment while providing the level of design, functionality and quality that today's owner-occupiers expect.”

The residences will feature an expressive material palette. Italian Calacatta Viola marble, known for its deep burgundy veining, will be paired with aged brass tapware, Chestnut engineered timber flooring and Tuscan Oak joinery.

<img alt="Marrone" data-entity-type="file" data-entity-uuid="b8d833da-3b30-496a-ae30-07bdff371b50" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%2010.52.35%E2%80%AFAM.png?VersionId=P6DAgOfaQzIXljKKK5j3e5NhWtrHIu9G" />

Bathrooms will feature Nara Japanese ceramics and glass bricks, while clay, walnut and brass lighting will be used throughout the apartments.

Dalcott has appointed Realm Projects, led by Managing Director Shane Foley, to handle sales and marketing following previous sold-out collaborations between the groups.

Foley said the Brisbane apartment buyer had become increasingly focused on the quality of the home itself rather than simply securing an inner-city address.

“We expect to see strong demand from buyers who still want all the advantages of inner-city living but aren’t prepared to compromise on the quality of their home,” Foley said.

“Many will be downsizers looking to leave behind the maintenance of a traditional family home without giving up the space they enjoy, while others are likely to be professionals wanting a residence that reflects the way they live today.”

“Marrone responds directly to that demand, with generous floorplans, exceptional resident amenity and a location that places some of Brisbane’s best dining, entertainment and cultural attractions within walking distance.”

<img alt="Marrone" data-entity-type="file" data-entity-uuid="61f7b22f-899e-4c0f-940a-7d3ab1bfb93a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%2010.52.44%E2%80%AFAM.png?VersionId=PvN1JYxBgUpyCB7efKo52WGdSDs9nmim" />

Marrone will be the first project delivered as part of Dalcott's broader investment in the precinct.

It will be followed by La Terra, a boutique project comprising penthouse-style, single-level apartments on a northeast corner site with extensive resident amenity and city views.

Cottee said Marrone represented the first stage of the group's longer-term plans for the area.

Dalcott was established in 2025 by Lachlan Cottee and Ben Dalgliesh, combining development and construction capability under an integrated model and focusing on architecturally considered residential projects.

Marrone will initially be offered through a pre-release registration campaign ahead of its broader public launch.

Dalcott targets owner-occupiers with South Brisbane debut Marrone

Parnell Developments is the latest to seek significant uplift through the NSW Government's Housing Delivery Authority on a Strathfield site previously approved for a much smaller apartment development.

Parnell has sought approval for a 32-storey mixed use tower across&nbsp;<a href="https://www.apartments.com.au/new-apartments/7-lyons-street-strathfield-nsw-2135">3-7 Lyons Street and 18 Parnell Street</a>, a&nbsp;1,857 sqm site around 400 metres from Strathfield Station. The building would yield 160 apartments, 15 per cent of which will be dedicated affordable as per the government mandate for buildings seeking additional uplift.

Approved previously was a nine-storey building back in 2022 with just over 30 apartments. That approval came prior to the project being&nbsp;progressively reconsidered as planning policy shifted toward greater density around transport hubs.

<img alt="Strathfield" data-entity-type="file" data-entity-uuid="c5af5281-a643-4eb2-b8c4-0081b59c04c7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.16.48%E2%80%AFAM.png?VersionId=37bd3mI7rHNpThOV_75VO8xsGFwWOi1u" />

Turner has designed the latest building that would replace&nbsp;existing detached homes across the four lots.

The apartment mix comprises 22 one-bedroom apartments, 107 two-bedroom and two-bedroom-plus configurations, and 31 apartments with three or more bedrooms. The scheme also includes 203 car spaces across six basement levels and 58 bicycle spaces.

The proposal has been designed around a three-storey podium addressing Lyons Street, with the tower rising above and stepping toward its upper levels.

Turner said the podium was deliberately scaled to respond to the existing street, while the taller element has been designed as part of the emerging skyline anticipated around Strathfield Town Centre and the wider Homebush transport-oriented development precinct.

The Lyons Street frontage would have a more active, pedestrian-focused character, incorporating the commercial tenancy, landscaping and a brick-framed podium with an awning.

<img alt="Strathfield" data-entity-type="file" data-entity-uuid="14b20874-b8c3-4ac7-bc03-92be9a69fb78" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.17.48%E2%80%AFAM.png?VersionId=av.9TxtqIRTC6v3PkSuu1rL9rreWoe2h" />

Parnell Street, which faces the railway corridor, has been given a different architectural treatment, with double-height breeze blocks, landscaping and communal areas used to soften the interface with the rail infrastructure.

The tower itself uses curved and recessed facade elements, with wave-like indentations across the northern elevation breaking the building into three vertical forms.

A palette of grey concrete, brick and breeze blocks is complemented by clay and terracotta accents, while the upper tower adopts a lighter expression through articulated slab edges, vertical fins and recessed glazing.

Residents would have access to 467 sqm of communal open space spread across three levels. The ground floor would accommodate the more active resident areas, including barbecue and group gathering spaces and an internal communal room capable of being used for working from home.

A more passive viewing deck is proposed at level three, overlooking the ground-level landscaping and neighbouring tennis courts, while a rooftop "sunset deck" at level 30 would provide another social and relaxation space.

<img alt="Parnell" data-entity-type="file" data-entity-uuid="c3dce401-a80f-4682-8471-4caa01180880" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.17.34%E2%80%AFAM.png?VersionId=Xyo8JVqbOhSJXNy6Ih.1cHL.O6i0bGR." />

&nbsp;

&nbsp;

&nbsp;

Strathfield has been earmarked for substantial change through the Strathfield Town Centre planning work and the nearby Homebush TOD precinct.

Turner's report says the project has been designed to act as a transition between the existing low and mid-rise development surrounding the site and the taller built form expected to emerge across the town centre.

The proposal is being assessed as State Significant Development under the HDA pathway, alongside the concurrent request to amend the Burwood Local Environmental Plan.

First look: New apartment tower pitched for Strathfield Town Centre precinct

An $18 million penthouse has hit the market in Main Beach as construction tops out on La Mer, the $155 million apartment development rising just metres from the beach.

Spanning around 600 sqm across the top two levels of the 29-storey tower on Main Beach Parade, the four-bedroom penthouse is one of the latest eight-figure residences to test the upper end of the Gold Coast apartment market.

Its launch comes amid continued activity at the very top of the market, following the $30 million off-the-plan sale of a Burleigh Heads penthouse earlier this year, which surpassed the Gold Coast's previous $24 million apartment record set in 2023.

The <a href="https://www.apartments.com.au/new-apartments/la-mer-main-beach-3580-main-beach-parade-main-beach-qld-4217">La Mer penthouse</a> has been designed as a private residence in the sky, with 360-degree views spanning the ocean, Broadwater, hinterland and Gold Coast skyline.

[smartcode_project:default project_id=95606 project_image_fid=378731]

All four bedrooms have ensuites, while the ocean-facing master retreat occupies around half of the upper level and includes its own lounge, private balcony, two walk-in wardrobes and an oversized ensuite with a freestanding stone bath positioned to take in the views.

The residence also features a kitchen designed to accommodate a private chef, a 3.6-metre island bench, expansive butler's pantry, wine cellar and integrated bar.

[smartcode_project:default project_id=95606 project_image_fid=378732]

A rooftop pool and substantial outdoor entertaining area with its own kitchen sit above the residence, while a grand staircase connects the two internal levels. The penthouse also has its own express lift.

OTP Group Director James Elliott, who is marketing La Mer, said the penthouse was expected to appeal to high-net-worth buyers seeking either a permanent Main Beach residence or Gold Coast holiday home.

“The La Mer penthouse represents exceptional value, considering its quality design, size, privacy and location, not to mention the 360-degree views capturing the beach and Gold Coast Broadwater,” Elliott said.

“We’re anticipating interest from high-net-worth individuals and couples seeking a residence or holiday home in the sought-after village enclave of Main Beach, taking advantage of the unprecedented growth underway in the area and neighbouring The Spit.”

[smartcode_project:default project_id=95606 project_image_fid=378736]

La Mer is being developed by developer-builder ODUS and Nazero, in partnership with funder Metrics Credit Partners.

ODUS Director Byron Sakha said topping out the tower had provided the opportunity to release the project's most significant residence.

“We’ve worked with internationally-recognised studio Sici Design on the penthouse interiors, with a focus on ensuring it isn’t luxury for luxury’s sake. Every element has been thoughtfully designed to enhance quality of life for those who call it home,” Sakha said.

“The views are the hero of virtually every space, but we’ve given equal attention to the fittings and finishes, so every detail exudes elegance and refinement.”

Sici Design Founder and Director Maria Papadopoulos said the extensive views became an integral part of the interior design rather than simply something the residence was designed around.

“The views weren't something we designed around, they became part of the design itself, with the true luxury of La Mer in its feeling of peace, calm and wellbeing,” Papadopoulos said.

“Luxury isn't defined by how something looks, but how it makes you feel, and we believe a luxurious home should be beautiful to live in, not stressful to maintain.”

The interiors combine Austral Dream Dolomite natural stone and travertine with timber flooring and a restrained coastal palette.

[smartcode_project:default project_id=95606 project_image_fid=378734]

Designed by Plus Studio, La Mer is one of the more boutique additions to the rapidly changing Main Beach apartment market.

The tower comprises just 24 full-floor, three-bedroom plus multipurpose room apartments below the two-level penthouse, giving the project a considerably lower density than many of the larger towers being developed across the Gold Coast.

Residents will have access to a pool and spa, gym, sauna, barbecue facilities, private sun lounges, yoga lawn and outdoor beach shower.

The penthouse has been released as part of the final collection of residences at La Mer, with remaining apartments priced from $4.3 million.

Construction is expected to complete later this year, with a fully furnished display apartment now open on level four.

[smartcode_project_cta:default project_id=95606]

ODUS releases $18 million penthouse crowning La Mer Main Beach

<a href="https://www.apartments.com.au/developers/far-east-consortium">Far East Consortium</a> is preparing to commence construction on <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> this October, marking the next milestone for the Melbourne CBD development and its higher-end Eliza Collection.

Spanning levels 44 to 68 of the 68-storey <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed tower, the Eliza Collection has been conceived as a lower-density offering within the broader development, with only five apartments on each floor, dedicated lift access and a collection of resident spaces reserved exclusively for Eliza Collection residents.

The Eliza Collection forms part of Far East Consortium's broader move toward larger-format residences at 640 Bourke Street, where the number of apartments was reduced from earlier plans as apartment sizes increased.

[smartcode_project:default project_id=509 project_image_fid=365685]

"What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Far East Consortium Director of Sales and Marketing Lauren Sheldon said.

Rothelowman Associate Jun Chang said the design process provided an opportunity to create more generous floorplans.

"We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."

[smartcode_project:default project_id=509 project_image_fid=368869]

That thinking carries through to the Eliza Collection, where the residences have been designed around the space and functionality associated with a larger home, but positioned high above the centre of Melbourne.

Kitchens are equipped with Gaggenau appliances, a butler's pantry, temperature-controlled wine cabinet and sculptural pendant lighting, while engineered timber flooring, stone and porcelain finishes and custom cabinetry feature throughout the broader interiors.

Privacy and security are another point of distinction. Eliza Collection residents have dedicated lift access, while 640 Bourke Street will provide concierge services and secure resident parking. Short-stay accommodation, including Airbnb, will not be permitted within the development.

[smartcode_project:default project_id=509 project_image_fid=365689]

Eliza Collection residents will also have exclusive access to selected amenity spaces across levels one and three of the restored Eliza Tinsley building. These include the Salon with grand piano, an art therapy room, private dining rooms and treatment rooms.

They sit within more than 3,000 sqm of amenity planned across 640 Bourke Street, alongside facilities including a pool, gym, whisky lounge and further social and wellness spaces.

The Eliza Tinsley building itself is central to the wider project's identity. Rather than treating the existing Eliza Tinsley façade as a separate element, Rothelowman used it as a starting point for the architecture of the new tower, with the historic building to accommodate the project's gallery and lobby.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

[smartcode_project:default project_id=509 project_image_fid=368872]

The tower will rise behind the retained heritage building at 640 Bourke Street, placing residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market and the Docklands waterfront.

With construction scheduled to begin in October, Far East Consortium has established an onsite display gallery at 640 Bourke Street, including fully built apartments that allow the project's layouts, materials and finishes to be inspected at full scale.

A fully built Eliza Collection apartment is also available to view at the display suite by appointment ahead of the planned October construction commencement.

Eligible purchasers who buy before construction commences can secure the full available off-the-plan stamp duty savings, subject to eligibility and applicable conditions.

[smartcode_project_cta:default project_id=509]

Far East Consortium brings Eliza Collection to 640 Bourke Street ahead of October construction start

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>
<div> </div>
<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>
</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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