The new <a href="https://www.apartments.com.au/new-apartments/yarraville-green-42-stephen-street-yarraville-vic-3013">Yarraville Green</a> development in Melbourne's inner west is showing that landscaping can be just as influential as architecture, with buyers responding strongly to the garden-first approach adopted from the outset by developer Excelon Projects and the project's design team.

Excelon appointed Six Degrees Architects and landscape architects SBLA to work collaboratively on the development, with a brief to create "a sustainable, design-led building with a focus on community."

That approach has resonated with buyers. According to Next Chapter Director Tom Hirini, who is leading the sales campaign, the landscaped communal garden has become one of the project's defining features, alongside its boutique scale and European-inspired cluster housing concept.

Local downsizers, right-sizers and established families already living in Yarraville and surrounding suburbs have accounted for the majority of purchasers.

[smartcode_project:default project_id=144913 project_image_fid=297740]

Yarraville Green will comprise 53 homes, including apartments and townhomes, arranged around the shared central garden to maximise connections to the landscaped open space. Parking has been moved underground, allowing the ground plane to be dedicated to greenery, pedestrian movement and communal spaces.

The landscape extends well beyond passive planting. Productive garden beds, a pergola, communal gathering spaces, garden sheds and a pet wash have all been integrated into the masterplan, creating spaces designed to encourage everyday interaction between residents.

[smartcode_project:default project_id=144913 project_image_fid=297741]

The interiors continue Excelon's focus on craftsmanship, incorporating bespoke elements by Melbourne artisans including leadlight detailing by Adadaz, hand-turned timber hardware by Auburn Woodturning and blown-glass lighting by Ruth Allen.

Sustainability has also been embedded throughout the project, with Yarraville Green targeting an average 7-star NatHERS energy rating through passive design principles, rooftop solar servicing common areas and rainwater harvesting for landscape irrigation.

[smartcode_project:default project_id=144913 project_image_fid=297735]

Construction continues to progress at Yarraville Green, with structural works well underway and framing works approaching completion under builder Balmain &amp; Co. The project remains on track for completion in mid-2027.

Apartments at Yarraville Green are currently priced from $625,000, while townhomes start from $1.4 million.

[smartcode_project_cta:default project_id=144913]

Joel Robinson

Garden-led design drives buyer demand at Yarraville Green

National diversified developer Fortis has officially launched Crest &amp; Walker, its latest Brisbane apartment development, with construction now underway on the 20-storey Newstead project.

Award-winning builder BINAH has commenced construction on the Bureau^Proberts-designed building, which will deliver a limited collection of 65 two and three-bedroom apartments on Kyabra Street.

[smartcode_project:default project_id=145922 project_image_fid=373556]

The project marks Fortis' fourth active residential development in Brisbane, following River House, which is nearing completion, alongside projects in New Farm and Hamilton as the national developer continues to expand its South East Queensland pipeline.

Fortis General Manager – Development Queensland Dan Boman said Crest &amp; Walker reflects the developer's long-term commitment to delivering design-led residential projects in Brisbane's established inner-city suburbs.

"We're proud to be strengthening our presence in Brisbane with Crest &amp; Walker, particularly in such a sought-after lifestyle destination as Newstead," Boman said.

"Every Fortis project is shaped by its context, and we approach each one with the respect and care it deserves.

"Our focus is always on creating places that feel connected to their neighbourhood and elevate the everyday experience for residents. Newstead continues to evolve as one of Brisbane's most sought-after urban communities, and Crest &amp; Walker reflects our ambition to contribute meaningfully to that story."

[smartcode_project:default project_id=145922 project_image_fid=373559]

Positioned between Gasworks Plaza and James Street, <a href="https://www.apartments.com.au/new-apartments/crest-walker-newstead-12-kyabra-street-newstead-qld-4006">Crest &amp; Walker</a> has been designed as a boutique residential address offering privacy and generous living spaces within one of Brisbane's most established lifestyle precincts.

The building features a contemporary brick podium softened by integrated landscaping, while the upper levels are characterised by restrained architecture and enduring materiality. Interiors have been designed to maximise natural light, acoustic performance and long-term liveability.

[smartcode_project:default project_id=145922 project_image_fid=373583]

Residences comprise spacious two and three-bedroom floorplans, with two-bedroom apartments priced from $1.55 million and three-bedroom, half-floor residences from $3.95 million.

Residents will have access to a wellness-focused rooftop featuring a swimming pool, sauna, steam room, landscaped dining spaces and outdoor lounge areas overlooking Newstead and the Brisbane CBD.

[smartcode_project:default project_id=145922 project_image_fid=373571]

Sales are being managed by Slaite Projects, with Fortis expecting strong demand from owner-occupiers seeking a high-quality, design-focused apartment in one of Brisbane's most tightly held inner-city suburbs.

Completion of Crest &amp; Walker is slated for late 2028.

[smartcode_project_cta:default project_id=145922]

Fortis expands Brisbane pipeline with launch of Crest & Walker in Newstead

The enormity of delivering a true skyscraper in Australia's new development market is often overlooked.

It has taken the best part of a decade since plans for Chevron One were first unveiled, but the 41-storey tower is now complete, with residents collecting their keys and moving into what has become one of the Gold Coast's most recognisable new landmarks.

Rising 127 metres above Chevron Island, Chevron One stands almost twice as high as any other building on the island. Its scale places it alongside the trio of towers at Jewel, arguably the last truly significant addition to the central Gold Coast skyline when they were completed around six years ago.

While there are several developments underway around a similar height to Chevron One, they are more concentrated within clusters of the highest towers in the city. The fact Chevron One sits within a developing precinct, looking back at the other high-rise developments in Surfers Paradise and Broadbeach, makes it a different proposition altogether. It will certainly become a reference point on the Gold Coast skyline.

[smartcode_project:default project_id=6515 project_image_fid=68833]

Developer Bensons Property Group is behind the 41-storey tower, which has 229 apartments, along with an exhaustive list of resident amenity spread across what is the largest development site ever assembled on Chevron Island.

The tower has been the talk of the town for years, says Ray White Projects Gold Coast agent Caitlin Rosenboom, who is selling the remaining apartments.

"People have been watching Chevron One go up for years," Rosenboom says, adding that many prospective buyers have been surprised by the scale of the views once they step inside.

"It's only when they walk through a completed apartment that they truly understand the position of the building," Rosenboom says.

"The views are jaw-dropping. Whether you're looking east over the ocean, across Surfers Paradise, along the river systems or out to the hinterland, every level offers something different but equally impressive."

[smartcode_project:default project_id=6515 project_image_fid=360215]

One of Chevron One's defining advantages is its location on the eastern side of Chevron Island on Stanhill Drive, a position which protects the views forever.

"There's only one row of houses between Chevron One and the water, and the height restrictions along the river means views from Chevron One can never be built out,"&nbsp;Rosenboom says.

While new apartment developments continue to emerge across the Gold Coast, Rosenboom says opportunities to secure a completed apartment with this level of outlook are becoming increasingly rare.

"The size of the site is something that would be incredibly difficult to replicate today," she says.

"That's allowed Chevron One to deliver the sort of amenity, open space and resident facilities that very few projects can offer. There are not many completed apartment buildings on the Gold Coast right now that can compete with the combination of scale, quality and amenity."

[smartcode_project:default project_id=6515 project_image_fid=68839]

There's around 2,000 sqm of amenity solely for the use of residents of Chevron One. Club One features a uniquely shaped swimming pool that mirrors the footprint of the building itself, set within a extensively landscaped gardens. There's also an indoor pool and spa, a fully equipped gym with a Pilates room, a yoga garden, a bookable private dining area and lounge that can host up to 30 people, and a 24-hour concierge service.

As for the buyers, Rosenboom is fielding enquiry from everywhere: Sydneysiders and Melburnians looking at the new and off-the-plan market following the changes in the Federal Budget, as well as those looking to relocate, through to South East Queenslanders seeking either a permanent home or a weekender bolthole.

"The Gold Coast lifestyle continues to resonate with people relocating from the southern states, and when they see the views and the quality of what's been delivered at Chevron One, it becomes very easy for them to understand the appeal," Rosenboom says.

A diverse mix of one, two and three-bedroom apartments remain available, with each offering "something a little different", be it the orientation and views, configuration, or level, to suit a wide variety of buyers.

The remaining apartments are ready to inspect in person, by appointment.

[smartcode_project_cta:default project_id=6515]

A decade in the making: Residents to move into Chevron One as construction wraps up

A general rule of thumb in new apartment developments is that the penthouses get the rooftop.

It's a formula that's become commonplace across Australia's apartment market. Residents might have access to a pool, gym or barbecue facilities on a dedicated lower level, but the most desirable outdoor spaces are typically reserved for the highest-priced homes at the top of the building.

<a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Property Group</a> has taken the opposite approach.

Rather than dedicating the rooftop to a handful of buyers, the Gold Coast developer has made it the centrepiece of its Flourish collection, creating expansive shared spaces from the best vantage point in the building.

The philosophy has reached its most ambitious expression at <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> in Palm Beach, where two rooftop precincts connected by a skybridge will deliver one of the most extensive lifestyle offerings seen in a residential apartment project on the Gold Coast.

[smartcode_project:default project_id=150017 project_image_fid=374053]

"We're seeing a clear move toward developments that offer more than just an apartment," Sherpa Group founder Christie Leet said.

"People want spaces that support how they actually live, whether that's working from home, staying active, or spending time with family and friends.

"That's where amenity becomes critical. It's not just about what's included, but how those spaces are designed to be used every day."

[smartcode_project:default project_id=150017 project_image_fid=374052]

The breadth of amenity has already attracted buyers across multiple demographics. Younger first home buyers have been drawn to Soleira's one-bedroom apartments, a product rarely delivered in Palm Beach, while families have responded to practical inclusions such as the shallow children's pool adjoining the main lap pool and the extensive communal recreation areas.

Instead of a single rooftop, Soleira delivers two distinct lifestyle zones.

[smartcode_project:default project_id=150017 project_image_fid=372547]

The southern rooftop has been dedicated to wellness, featuring a gym, yoga and Pilates studio, work-from-home facilities, a wellness centre, spa, and hot and cold plunge pools.

The northern rooftop focuses on recreation and entertaining, incorporating a heated resort-style pool, private dining rooms, pizza ovens, barbecues, a golf simulator, children's recreation areas, and what is expected to be the Gold Coast's first rooftop basketball court, which will also double as a squash court.

[smartcode_project:default project_id=150017 project_image_fid=374054]

Beyond the rooftops, Soleira will introduce 1,500 sqm of curated retail beneath the towers, creating one of Palm Beach's first genuinely mixed-use lifestyle precincts where cafés, restaurants and convenience retail become part of residents' everyday lives.

Sherpa has also retained management rights across the development, allowing it to oversee the long-term operation of the building through a 24-hour concierge model. The developer is also exploring additional revenue streams within the precinct aimed at helping offset ongoing body corporate costs for residents.

[smartcode_project:default project_id=150017 project_image_fid=370962]

While Soleira is the largest project Sherpa has delivered, the rooftop-first philosophy has been evolving for several years.

It began with <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>, the first project released under the Flourish brand. Rather than competing at the ultra-luxury end of the market with oversized half-floor and full-floor residences, Sherpa focused on creating lifestyle-driven apartments supported by resort-style shared spaces.

Amargo introduced more than 800 sqm of rooftop amenity, combining wellness facilities, heated pools, entertaining areas, cabanas, pizza ovens and private dining spaces into what was designed as an extension of residents' homes rather than a facility used only occasionally.

[smartcode_project:default project_id=146527 project_image_fid=366550]

That approach continued with Flourish Oasis, where the same amenity-led philosophy was refined into a more boutique development. Strong demand from Sherpa's growing VIP database saw much of the project sold before it reached the broader market, reinforcing buyer appetite for apartment communities centred around shared lifestyle experiences.

Flourish Amargo is slated for completion mid-way-through next year, with Oasis to be delivered by late 2027. Flourish Soleira is expected to complete in 2030.

[smartcode_project_cta:default project_id=150017]

Sherpa takes amenity to the sky as Flourish Soleira captures booming Palm Beach demand

As apartment living continues to evolve across Sydney's growth corridors, the quality and distribution of shared spaces is increasingly shaping how residents experience home. Rather than functioning as add-ons, amenities are being embedded into the daily rhythm of a building, supporting everything from quiet retreat to social interaction, often within a single vertical community.

At <a href="https://www.apartments.com.au/new-apartments/aeris-melrose-park-nursery-street-melrose-park-nsw-2114">Aeris</a> in Melrose Park, this approach is resolved through a layered amenity offering that unfolds from ground level through to its upper podium. Developed by <a href="https://www.apartments.com.au/developers/sekisui-house-australia">Sekisui House Australia</a> in partnership with Hankyu Hanshin Properties, the project introduces 468 apartments across two towers and a mid-rise building, positioned at the highest point of the broader masterplan.

[smartcode_project:default project_id=426 project_image_fid=359199]

The amenity experience begins at street level, where two courtyards sit within a landscaped setting that connects residents to the wider network of parks and green spaces. These green spaces are not isolated pockets but part of a wider pedestrian network that links Aeris to the surrounding <a href="https://www.apartments.com.au/developments/melrose-park-nsw-2114">Melrose Park</a> precinct, including Central Park, future schools, and the Town Centre opening in July 2026. The result is a transition that moves from public to private without abrupt boundaries, allowing residents to pass through shaded, tree-lined environments before reaching the building itself.

Moving upward, the focus shifts to the level five podium, where the primary communal facilities are concentrated. This space brings together a 16-metre swimming pool, outdoor seating areas, and a communal BBQ zone arranged to take advantage of elevated outlooks. Seating is positioned beneath pergolas, creating pockets of shade that extend the usability of the space throughout the day. The pool edge aligns with views toward the wider district, reinforcing the sense of elevation that defines the project’s positioning.

In the adjacent building, this is complemented by quieter, more contemplative spaces, including an outdoor cinema set within the same level. Positioned to operate primarily in the evening, it introduces a different tempo to the shared environment, shifting from daytime activity to after-hours use without requiring separate zones.

[smartcode_project:default project_id=426 project_image_fid=360299]

The podium also accommodates an intimate private resident gym. Located on the lower levels, it gives residents convenient access to fitness facilities without leaving the building.

Above, the elevated podium sky deck extends the amenity offering, providing additional open-air spaces with elevated outlooks across the surrounding landscape. While more restrained in program, this upper level reinforces the project’s vertical progression, from ground-level greenery to elevated outlook, allowing residents to move between distinct spatial conditions within a single address.

This distribution of amenities reflects a deliberate response to how residents use space across the day. Sekisui House Australia Sales and Marketing Director Peter Kalaf points to the role these shared areas play in shaping buyer demand. Aeris has been conceived as more than a collection of apartments, with the podium pool, gym and outdoor cinema forming part of a broader lifestyle offering that extends the home beyond each individual residence.

[smartcode_project:default project_id=426 project_image_fid=360300]

What distinguishes Aeris is not the inclusion of these elements individually, but how they are arranged in relation to one another. Active, social, and passive spaces are layered vertically rather than separated, allowing residents to choose between them without leaving the building or moving far from their apartment. This proximity supports both routine use, such as a morning swim or evening workout, and more occasional gatherings, whether around the BBQ area or within the cinema setting.

The amenity design also sits within a broader framework of connectivity across Melrose Park. The Melrose Park Town Centre, anchored by Coles and Dan Murphys, features a mix of retail, dining, health and lifestyle offerings, bringing everyday convenience closer to residents. By the end of the year, more than five hectares of parks and open space, equivalent to around seven football fields of green space on residents' doorstep, will further enhance the precinct, allowing the internal facilities at Aeris to operate as an extension of the wider neighbourhood rather than a substitute for it.

Construction at Aeris continues to gather momentum, with ground floor slabs expected to be completed in late 2026 before the first sections of the buildings begin to rise above ground.

[smartcode_project_cta:default project_id=426]

Elevated amenity anchors daily life at Aeris, Melrose Park

Development

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After a brief stint during summer, the City of Melbourne's Elizabeth Street pop-up park will close on 24 March to allow for private development works at Riverview House with the Council postponing the permanent upgrade of the area to create new public space, now due to commence in 2019.

The upgrade will more than double the amount of pedestrian space in the street. We will also create a better space for people with new bluestone paving, street furniture, lighting and trees.

<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/elizabeth-street.jpg" rel="gallery-all" title="Artist's impression of Elizabeth Street South upon completion. Image : City of Melbourne"><img alt="" class="image-article-full-width-580px" height="326" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/elizabeth-street.jpg?itok=z3lSGk-n" title="Artist's impression of Elizabeth Street South upon completion. Image : City of Melbourne" width="580"></a>

<figcaption>Artist's impression of Elizabeth Street South upon completion. Image : City of Melbourne</figcaption></figure>The design for the new public space at Elizabeth Street South involves five key components:

<ul>
<li>Removal of Southbound traffic</li>
	<li>Provision of a new pedestrian area</li>
	<li>Retention of trams and terminus</li>
	<li>Upgrade of western footpath</li>
	<li>Northbound traffic retained </li>
</ul>
Construction works at 276 Flinders Street, fronting this section of Elizabeth Street, are due to commence in the next month, limiting Council's ability to build upgrade the street immediately.

The decision to postpone construction of the permanent public space is based primarily on maintaining pedestrian safety around construction activities at 276 Flinders Street and preventing damage to new public space infrastructure that would likely result from construction vehicles accessing the area.

<ul></ul>
The development at 276 Flinders Street comprises the construction of a 4,600 sqm tower building on the northern part of the podium due for completion by the end of the year. 

Designed by Baldasso Cortese who have been involved in the revistilisation of Riverview House since 2001, the new 5-storey office building will be built utilising lightweight steel and timber construction and accessed via a bridge-link from the existing tower lobby.  

<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/riverview.jpg" rel="gallery-all" title="Riverview House's second tower is set to commence construction. Image: Baldasso Cortese"><img alt="" class="image-article-full-width-580px" height="403" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/riverview.jpg?itok=t-Z8TDQK" title="Riverview House's second tower is set to commence construction. Image: Baldasso Cortese" width="580"></a>

<figcaption>Riverview House's second tower is set to commence construction. Image: Baldasso Cortese</figcaption></figure>​​​​​​​Lead Image: City of Melbourne

 
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Laurence Dragomir

Elizabeth Street pop up to close as development works commence on Riverview House

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Two fresh planning applications have emerged for West Melbourne, increasing the suburb's push toward higher density living.

Most recent to enter planning is 164-184 Roden Street, a site that is not unfamiliar to Apartments.com.au. The 3,637 square metre site initially went to planning during mid 2016 for developer Oliver Hume, with Jackson Clements Burrows Architects handling the project's design.

Picked up by Oliver Hume during late 2014, the initial proposal included 206 dwellings ( including 21 x warehouse shells), provision for 120 vehicle and 150 bicycle bays over two basement levels, plus a Jack Merlo-designed internal courtyard.

<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/image19_11_0.jpg" rel="gallery-all" title="A JCB Architects render of the initial Roden Street development"><img alt="" class="image-article-full-width-580px" height="328" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image19_11_0.jpg?itok=1xxJbIc3" title="A JCB Architects render of the initial Roden Street development" width="580"></a>

<figcaption>A JCB Architects render of the initial Roden Street development</figcaption></figure>With the <a href="/news/oliver-hume-and-jcb-add-to-the-west-melbourne-dynamic">initial 2016 proposal covered by Urban.com.au</a>, the application was eventually refused during August last year.

Still listed as an upcoming project on <a href="https://www.oliverhume.com.au/personal/project/277-merchantbyoliverhume">Oliver Hume's webpage</a>, the new application put forward during late January seeks "Partial demolition of the existing heritage building on-site, mixed-use building comprising food and drink, retail and residential and a reduction to the carpark requirements."

Nearby and a site that may have hosted a major residential tower in previous years has gone to planning, seeking what for West Melbourne is a midrange 20 level residential tower.

<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_3455.jpg" rel="gallery-all" title="404-418 Spencer Street will not be reaching the height of its neighbour at 420 Spencer Street"><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_3455.jpg?itok=wynIikP6" title="404-418 Spencer Street will not be reaching the height of its neighbour at 420 Spencer Street" width="580"></a>

<figcaption>404-418 Spencer Street will not be reaching the height of its neighbour at 420 Spencer Street</figcaption></figure>404-418 Spencer Street sits adjacent to the recently completed Spencer Melbourne at 420 Spencer Street which includes 445 apartments and 5 retail tenancies over 40 levels. 

Covering 1,070 square metres, 404-418 Spencer Street could now host a ClarkeHopkinsClarke-designed apartment development on behalf of City Gate Pty Ltd. Submitted mid last month, 404-418 Spencer Street is the latest of a string of residential buildings that have called upon the West Melbourne end of Spencer Street.

Immediately south of the site developer Alpha 14 is adding the finishing touches to its tower dubbed Bond Quarter whilst diagonally opposite builder Maxcon has begun bulk excavation of Melbourne Village which will see 531 apartments created over 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/img_6398.jpg" rel="gallery-all" title="Melbourne Village with 404-418 Spencer Street behind"><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_6398.jpg?itok=6fXqyhC1" title="Melbourne Village with 404-418 Spencer Street behind" width="580"></a>

<figcaption>Melbourne Village with 404-418 Spencer Street behind</figcaption></figure>
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silvermb

West Melbourne in line for two additional projects

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A consortium led by Grocon in partnership with Aqualand and Scentre Group has been selected by the Barangaroo Delivery Authority to deliver Central Barangaroo. 
This will complete the transformation of the Barangaroo precinct. 
The consortium will be responsible for the design, development and delivery of Central Barangaroo which will be returned to the public as a dynamic and diverse precinct on the foreshore of Sydney Harbour.
The NSW Government chose the consortium to create and deliver a mixed-use, balanced development comprising commercial, retail, residential, public and cultural facilities across the 5.2 hectare site. 
Over 50% of Central Barangaroo will be public open space. It will also serve as a vital connection between the Barangaroo Reserve in the north and Barangaroo South. 
In a unique collaboration, established businesses Grocon, Aqualand and Scentre Group have combined their proven expertise in urban development, residential, commercial and retail experiences. 
The fusion of capabilities and experience of the three companies represents a new dynamic approach to development, bringing the very best in market to work together to provide a world-class outcome. 
The consortium’s successful proposal delivers upon the Barangaroo Delivery Authority’s vision, converting one of Sydney’s last prime waterfront locations into an inspiring new area which takes the best of Sydney today, and amplifies it for all to enjoy for generations to come. 
The construction, to be delivered in stages with overall completion in 2024, will seamlessly integrate the Barangaroo Metro Station, where up to 30,000 people will transit daily.
Grocon’s Executive Chairman, Daniel Grollo said Grocon are honoured to be selected to develop Central Barangaroo and deliver it back to the people.
"We are privileged to be working in partnership with the Barangaroo Delivery Authority and the NSW Government to create a distinctive harbour-front destination for Sydney where public space will take centre stage.
“Grocon has brought together an outstanding group of consortium partners who share a vision to combine civic and cultural attractions with recreational, residential, retail and commercial spaces. 
"The creation of a unifying place between Barangaroo Reserve and Barangaroo South will lay the foundations and shape the city’s future. 
Jin Lin, Aqualand’s CEO, said Central Barangaroo meets a key company objective.
“Aqualand is proud to work alongside the NSW Government and our consortium partners Grocon and Scentre Group to deliver Sydney’s next iconic community. 
"Central Barangaroo meets one of our key company objectives – to deliver long-term, flagship developments that create a legacy for future generations.”
Scentre Group’s CEO, Peter Allen, said Scentre Group is pleased to be part of the winning consortium, alongside partners Grocon and Aqualand. 
"We look forward to expanding on our vibrant retail offer in Sydney by bringing to life this exciting new precinct that encompasses lifestyle, recreation, entertainment, residential, commercial and retail uses.”  
The consortium looks forward to sharing the successful scheme for Central Barangaroo in the near future, when there will be opportunities for comment.
 
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jrobinson-rf4aSBido9

Grocon, Aqualand and Scentre Group awarded Central Barangaroo Precinct

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After a protracted legal battle with a Singaporean rival which ground demolition works on its Tower Melbourne project, developer CEL Australia has walked away from the project. Demolition of the existing building on the corner of Bourke and Queen Street ground to a halt in 2013 following a dispute about access to the property and damage to the adjoining buildings at140 Queen Street &amp; 27 McKillop Street.

Fellow developer Colonial Range, filed legal action in the Victorian Civil and Administrative Tribunal seeking to have the planning permit for the project revoked, which delayed the start of construction of the 226m Elenberg Fraser designed tower. With VCAT finding in its favour, CEL Australia was ready to recommence works onsite, however these plans were scuttled after Colonial Range decided to take the matter to the Supreme Court.

Colonial Range, then known as Ruby Group, originally owned both sites and had approval planning approval for a 27-storey serviced apartment tower designed by Kerstin Thompson Architects at 140 Queen Street which bridged across Penfold Place and featured a new laneway connecting Penfold Place and McKillop Street.

<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/queen_street_tower.jpg" rel="gallery-all" title="140 Queen Street had approval for a 27-storey serviced apartment tower. Image: KTA"><img alt="" class="image-article-full-width-580px" height="359" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/queen_street_tower.jpg?itok=YdzYVI-x" title="140 Queen Street had approval for a 27-storey serviced apartment tower. Image: KTA" width="580"></a>

<figcaption>140 Queen Street had approval for a 27-storey serviced apartment tower. Image: KTA</figcaption></figure>It curiously sold off 150 Queen Street to Charter Hall who then onsold it to Chip Eng Seng under its Australian subsidiary CEL Australia. They promptly engaged Elenberg Fraser to design a  71-storey tower comprising 555 apartments, but it would appear Tower Melbourne is set to join the long list of Melbourne Never Builts after requests by purchasers to cancel their contracts, resulting in CEL rescinding on the remainder.

<blockquote>
The protracted and complex nature of the legal proceedings have forced the cessation of any works on site since September 2013, and despite ongoing efforts to resolve these disputes, CEL Australia is still unable to proceed with any further demolition works on the existing building.

Consequently, the building of Tower Melbourne has been significantly delayed and the project is unable to be delivered within the Date of Registration stipulated in the contracts of sale.

CEL Australia’s first priority has always been to deliver Tower Melbourne in line with its vision for the project, and as such, has done everything within its legal power to try to reach a resolution. Regrettably, it has become increasingly apparent that there is still no resolution in sight, and with further proceedings still pending, Tower Melbourne in its current form is no longer viable for CEL Australia to develop.

Due to the delays, a number of purchasers have requested to cancel their contracts. In these instances, CEL Australia has granted their requests. Rather than waiting until the Registration Date has lapsed, CEL Australia will rescind the contracts of the remaining purchasers to release them from their contracts as soon as possible. CEL Australia is in the process of informing purchasers of this outcome.

CEL Australia has made this decision in order to ensure the best possible resolution for all stakeholders, and allow purchasers to move on.

- CEL Australia, November 2017
</blockquote>

Following from this decision it has since emerged that CEL and Colonial Range have agreed to collectively sell their respective sites. The landholdings are being marketed off market through Colliers International with both parties expecting $150 million for the combined blocks which now encompass 140-150 Queen Street and 27 McKillop Street, that combined form a 2,500 sqm development site.

Which brings us to the subject of today's article - what is the development potential of this development site in light of the current planning regime and with a Floor Area Ratio (FAR) of 18:1 limiting the height should the new purchaser not act on the Tower Melbourne permit?

Below I've undertaken a quick study to investigate the development potential of the combined sites, with the intent to try and achieve height on the site while being within an allowed planning envelope. For the purposes of the study, I have gone with a residential tower floor to floor height but with a floorplate that could accommodate office use.

<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/diagram_01-01.png" rel="gallery-all" title="Tower Melbourne and the site developed with full site coverage. "><img alt="" class="image-article-full-width-580px" height="294" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/diagram_01-01.png?itok=USBl5kOu" title="Tower Melbourne and the site developed with full site coverage. " width="580"></a>

<figcaption>Tower Melbourne and the site developed with full site coverage.</figcaption></figure>Not surprisingly a FAR of 18:1 with full site coverage results in an 18 storey-building of 45,000 sqm GFA - a stark contrast to Tower Melbourne's 71-storeys.

<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/diagram_02-01.png" rel="gallery-all" title="Setbacks applied and Public Open Space introduced"><img alt="" class="image-article-full-width-580px" height="294" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/diagram_02-01.png?itok=K1k6Thx5" title="Setbacks applied and Public Open Space introduced" width="580"></a>

<figcaption>Setbacks applied and Public Open Space introduced</figcaption></figure>By applying setbacks above the 40m podium, the height of the tower can increase, resulting in a 28-storey building overall. The introduction of open space, decreases the site coverage allowing for a larger floorplate for the tower without an increase to the GFA. Commercial office space within the podium, combined with the open space as public benefits allow for additional floor area through a Floor Area Uplift (FAU). 

<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/diagram_03-01.png" rel="gallery-all" title="Final massing and comparison diagram."><img alt="" class="image-article-full-width-580px" height="294" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/diagram_03-01.png?itok=PNSwa-44" title="Final massing and comparison diagram." width="580"></a>

<figcaption>Final massing and comparison diagram.</figcaption></figure>The resulting building envelope allows that is achieved is based on the following:

<ul>
<li>27-storeys residential + 8-storey commercial podium</li>
	<li>Public Benefits: 1,000 sqm POS @ $15,000/sqm = $15m, 13,000 sqm of office space  </li>
	<li>Residential value of additional floor space within western core: $7,500/sqm</li>
	<li>FAU Value: 7,500 sqm x 10%</li>
	<li>Floor Area Uplift: 20,000 sqm / 17-storeys ($15m ÷ $750) + 1,300sqm office</li>
	<li>Total : 53-storeys / 180m</li>
</ul>
As you can see this is still almost 50m shorter than Tower Melbourne, so for whoever purchases the combined sites, the development potential of 140 Queen Street and 27 McKillop Street is limited if the new owners don't try to revive Tower Melbourne.

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Development Scenario: 140 & 150 Queen Street 

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1,284,577 square metres is the raw number.

Apartments.com.au's Project Database is keeping tabs on close to 1.3 million square metres of office space at various stages of development across Melbourne. It is a phenomenal figure which shows just how bullish the office sector is across this city.

The aggregation of all developments followed by Apartments.com.au which contains dedicated office space was prompted by the addition of the latest major planning application to the database - Newmark Capital's <a href="/new-apartments/500-chapel-street-south-yarra">500 Chapel Street</a> - which came to light earlier this month. The total figure included mixed-use and dedicated office projects.

Of course, the headline number is by no means absolute but does take into account 94 separate developments across Melbourne.

<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_1126.jpg" rel="gallery-all" title="A redeveloped 405 Bourke Street will bring an extra 66,000 squre metres"><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_1126.jpg?itok=z1AvVPEj" title="A redeveloped 405 Bourke Street will bring an extra 66,000 squre metres" width="580"></a>

<figcaption>A redeveloped 405 Bourke Street will bring an extra 66,000 squre metres</figcaption></figure>Firms such as <a href="http://pdf.savills.asia/asia-pacific-research/australian-research/australia-office-/savillsresearch-briefing-melbourne-cbd-office-q2-2017.pdf">Savills</a>, <a href="https://www.colliers.com.au/find_research/office/metro_office_-_second_half_2017/">Colliers</a>, <a href="http://www.jll.com.au/australia/en-au/Documents/office-investment/pdf/4Q16-Melbourne-CBD-Office-Market-Commentary.pdf">JLL</a> and <a href="https://www.investa.com.au/WWW_Investa/media/Resources/April-2017-Office-Market-Report.pdf?ext=.pdf&amp;alt=&amp;fpl=&amp;fpt=&amp;fpr=&amp;fpb=&amp;guid=0fd9d529-0db5-471f-9dbc-a3ee38ad8bf0&amp;lgW=0&amp;lgH=0&amp;mdW=680&amp;mdH=0&amp;smW=480&amp;smH=0">Investa</a> have released recent reports on the current strength of Melbourne's office market. Key points that underpin the 1,284,577 square metres in development include:

<ul>
<li>Melbourne’s CBD office market could be entering the largest development boom since the early 1990’s</li>
	<li>The Melbourne CBD office market recorded its strongest annual net absorption figure (188,670 sqm) since 1978</li>
	<li>Net absorption at its highest level since 2008 and leasing activity the strongest since 2010</li>
</ul>
Of course, Melbourne's CBD maintains the largest concentration of office space across the city, at approximately 4.7 million square metres. The current level of office-based development within the CBD stands at just under 10% of the total CBD figure, alluding to the heightened number of large-scale projects which have begun construction.

405 Bourke Street, Collins Arch, 477 Collins Street and 80 Collins Street are all subject to works, with the smallest of these adding 45,000 square metres of space.

<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/image1scross.jpg" rel="gallery-all" title="664 Collins Street is nearing completion. Image: Ryan Seychell"><img alt="" class="image-article-full-width-580px" height="676" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image1scross.jpg?itok=XmtV4POb" title="664 Collins Street is nearing completion. Image: Ryan Seychell" width="580"></a>

<figcaption>664 Collins Street is nearing completion. Image: Ryan Seychell</figcaption></figure>Docklands is not left behind either with approximately 200,000 square metres in development, but as has been outlined previously by Apartments.com.au, City of Yarra is the Melbourne's 'it' office market. Apartments.com.au is tracking 21 separate projects across the municipality that amount to 182,361 square metres in development.

The actual number is likely to be higher as a number of planning applications have yet to make it to the public sphere.

Further afield and Newmark Capital's 500 Chapel Street is shaded by Frasers Property's 254-294 Wellington Road as suburban Melbourne's largest office development in the making; the Mulgrave project encompasses 60,583 square metres.

<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_1189.jpg" rel="gallery-all" title="Nexus 10, one of suburban Melbourne's current office developments"><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_1189.jpg?itok=EYwaIU_i" title="Nexus 10, one of suburban Melbourne's current office developments" width="580"></a>

<figcaption>Nexus 10, one of suburban Melbourne's current office developments</figcaption></figure>
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Urban.com.au is tracking 1.3 million square metres of office space in development

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The development of a 13-storey apartment building as part of a larger site development at Ormond Station to be called Ormond Place can proceed following approval from Planning Minister Richard Wynne. The approval comes following a public hearing held at Planning Panels Victoria and based on advice from a Standing Advisory Committee in and which drew strong community backlash against what has been dubbed the 'Sky Tower.'

Ormond Place will be delivered by VicTrack and developer DealCorp who has engaged architects Clarke Hopkins Clarke to develop a concept for a mixed-use scheme above Ormond Station. The station's rebuild was completed last year as part of the Level Crossing Removal project.

The development peaks at 13 storeys along North Road and drops to 6 storeys further away from the major thoroughfare. A supermarket and shops are expected adjacent to the station entry, whilst townhouses will be developed along Newham Grove, concealing the car parking beyond.

<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/project_north_road_ormond.jpg" rel="gallery-all" title="The 13-storey over site development (OSD) to be developed above Ormond Station. Image: VicTrack"><img alt="" class="image-article-full-width-580px" height="249" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/project_north_road_ormond.jpg?itok=3gAABtcs" title="The 13-storey over site development (OSD) to be developed above Ormond Station. Image: VicTrack" width="580"></a>

<figcaption>The 13-storey over site development (OSD) to be developed above Ormond Station. Image: VicTrack</figcaption></figure>A material palette has been employed which draws on the local context and character of the area, featuring timber, red brick and a more contemporary light brick, with an integrated landscape strategy to soften the buildings visually.

Ormond Place aims to build on VicTrack's mandate of developing surplus rail land into higher density outcomes with traditional developers brought in as development partners. IKON Glen Waverley is complete, while Jewell Station and Hampton Station precinct are also in the works.

<h2>Jewell Station </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/jewell_01.png" rel="gallery-all" title="Jewell Station's new Urban Village. Images: BKK Architects"><img alt="" class="image-article-full-width-580px" height="253" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/jewell_01.png?itok=-Wm6kyAU" title="Jewell Station's new Urban Village. Images: BKK Architects" width="580"></a>

<figcaption>Jewell Station's new Urban Village. Images: BKK Architects</figcaption></figure>A partnership between VicTrack and Neometro, the redevelopment of the Jewell Station precinct in Brunswick seeks to create a "New Urban Village." following approval of plans of the station precinct development in 2016.

As part of the development, existing derelict buildings on VicTrack-owned land will be replaced by two 8-storey mixed-use buildings, containing ground floor retail and 122 one, two and three bedroom apartments.

The development will help fund improvements to the station forecourt and public realm with the historic Jewell Station building forming the centrepiece of this key civic space. The station forecourt will also feature a community garden area and artistic and cultural spaces for the local community.

Access to the station will also be improved as part of the development with a new ramp and stairs, increased bike parking, and the upgrade of the Upfield bike path.

<h2>Hampton Station precinct</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/36_30-03-2017_1082.jpg" rel="gallery-all" title="A working image for Hampton Station precinct. Image: epc.Pacifric"><img alt="" class="image-article-full-width-580px" height="326" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/36_30-03-2017_1082.jpg?itok=2fCRcJeK" title="A working image for Hampton Station precinct. Image: epc.Pacifric" width="580"></a>

<figcaption>A working image for Hampton Station precinct. Image: epc.Pacific</figcaption></figure>Developer epc.Pacific is working with VicTrack and the Department of Health and Human Services to deliver a new $120 million predominantly residential precinct alongside Hampton Station.

Intended to become an exemplary residential project, Village @ Hampton as it has been dubbed sits on a 7,056sqm tract of land. Apartments along with a new retail/entertainment and new public plaza are envisaged.

According to epc.Pacific's website "the design of the project is being undertaken by internationally recognised and highly awarded Australian Design companies, Ashton Raggatt McDougall (ARM) Architects, Jam Architects and Rush Wright. Fronting Koolkuna Lane, the overhaul is slated to begin shortly.
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On the right track: Ormond Place gets the green light

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The hotel juggernaut across inner Melbourne is showing no signs of slowing down.

After last week's announcement that <a href="/news/mandarin-oriental-to-open-its-first-hotel-residence-property-in-australia">Mandarin Oriental will anchor the Zaha Hadid-designed 600 Collins Street</a>, three further projects have come to the fore in recent days. A long expected Southbank project is headed for a construction start, whilst Melbourne City Council is attending to two further hotel-based planning applications.

At 167 City Road, signage for builder Maxcon has appeared across the site's frontage, heralding a start to the project which has been on the drawing for roughly five years.

<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/image23_6.jpg" rel="gallery-all" title="167 City Road may be branded Ibis Styles. Image: CBRE Hotels"><img alt="" class="image-article-full-width-580px" height="337" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image23_6.jpg?itok=Tqql8Equ" title="167 City Road may be branded Ibis Styles. Image: CBRE Hotels" width="580"></a>

<figcaption>167 City Road may be branded Ibis Styles. Image: CBRE Hotels</figcaption></figure>In line with a construction start, CBRE Hotels has launched a campaign to sell the site and hotel, which is provisionally proposed as an Ibis Styles outlet. First covered by Apartments.com.au during 2013, the Peddle Thorp design has taken time to come to fruition, but now has an anticipated completion date of late 2018.

The buyer of 167 City Road will eventually inherit a building which includes 162 hotel suites.

Southbank aside, hotel projects also continue to flow into the CBD, as evidenced by applications for both 563-567 Little Lonsdale Street and 589-599 Little Collins Street.

The former is an exceptionally quick progression, with the Little Lonsdale Street site having only sold during March. Lodged with Council last month, the application for the 336sqm site seeks demolition of the onsite low-rise office building for the delivery of a residential hotel project.

<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/little-lonsdale-street_563-567_2pp_08-3-pdf-image.jpg" rel="gallery-all" title="563-567 Little Lonsdale Street as marketed. Image: CBRE City Sales"><img alt="" class="image-article-full-width-580px" height="410" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/little-lonsdale-street_563-567_2pp_08-3-pdf-image.jpg?itok=qKqLOE-i" title="563-567 Little Lonsdale Street as marketed. Image: CBRE City Sales" width="580"></a>

<figcaption>563-567 Little Lonsdale Street as marketed. Image: CBRE City Sales</figcaption></figure>Plans for Pro-invest Developments' expected hotel at 589-599 Little Collins Street have also been lodged during June.

The firm is working on the roll-out of a portfolio of 10 to 15 Holiday Inn Express hotels across Australia, on behalf of the Pro-invest Australian Hospitality Opportunity Fund. <a href="http://www.afr.com/real-estate/commercial/hotels-and-leisure/proinvest-brings-holiday-inn-express-to-melbourne-cbd-20161220-gtequs">Outlined late last year</a>, Pro-invest has targeted roughly 300 suites for the site, along with retail and office uses.

Substantially larger than the Little Lonsdale site, the planned Holiday Inn Express is set to account for two low-rise office buildings.

 
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City Road checks in; two new CBD hotel developments in the pipeline

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LJ Hooker has committed $100 million, as part of the networks 2020 vision, to accelerate the industry’s digital transformation.
Its mission is to make Australia the world’s most advanced and best served property market.
Spearheading the strategy is the newly unveiled LJX-Lab, a digital research and development vehicle.
It is hoped it will foster innovation through identifying, incubating and commercialising home-grown ‘proptech’.
It will also introduce new global best practices and technology to local markets to enrich new products, services and training.
LJX-Lab’s first game-changing development is Real Edge, a digital learning and coaching platform that delivers LJ Hooker’s world best practice training online anywhere anytime for continuous personal development of real-estate professionals.
Real Edge is aimed at enhancing the education of real estate as a profession and career; empower real-estate specialists to reach their full potential.
Company Chairman L Janusz Hooker said Real Edge is a first for an Australian real estate network and currently in beta with LJ Hooker’s 8,000 real estate professionals.
“It’s the first of many innovations LJX-Lab will release leading up to 2020 to continue LJ Hooker’s rich pioneering heritage,” he said.
To provide global insights into products and services being created in LJX-Lab, Mr Hooker has assembled an advisory board of business leaders, including:
<ul>
<li>Freelancer.com and Escrow.com, CEO, Matt Barrie (Sydney);</li>
<li>MD CSIRO Innovation Fund and Founder of Black Bird Ventures, Bill Bartee (Sydney);</li>
<li>Co-Founder and Principal of RFR Holding, Michael Fuchs (New York);</li>
<li>Director of Zoopla.com and former CEO of Countrywide Real Estate Group, Grenville Turner (London).</li>
</ul>
Mr Hooker said the group’s digital leadership had also attracted executive talent from global tech challengers that have redefined their industries including Uber, Atlassian and Freelancer.
“These specialists had no prior professional interest in real estate but are inspired by our digital strategy which enables them to apply their experiences working in global tech players to the real-estate industry,” he said.
“The digital revolution is enabling us to merge the property knowledge accumulated over our 88-year history and the expertise of our current 8,000 real estate professionals across 600 offices with the latest technology to better serve our customers.
"No single real estate network has set a digital path that equally empowers its people, its customers and its industry professionals.”
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j.ballantyne1990-6AQqhLzZaK

LJ Hooker commits $100 million to real estate digital development 

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A mixed-use development site in NSW's Liverpool with approval for 162 units has recently sold through CBRE for an undisclosed sum.
The site at <a href="https://www.realcommercial.com.au/property-land+development-nsw-liverpool-502112342" target="_blank">387-397 Macquarie Street, Liverpool, NSW 2170</a> went to the market via an expressions of interest. The zoning is B4 mixed use.
The property last changed hands back in 1989 for $1.3 million, according to RP Data.
Upgrades to the property are a set of commercial strata suites, currently occupied by retail providers cash converters, radio rentals, and motorcycle accessories supermarket -all leases due to expire by quarter 1, 2017.
The property has a land area of 2,391 sqm.
Liverpool is projected to gain more infrastructure than any other city in Australia in the next 10 years.
CBRE's Frank Oliveri and Thomas Mosca brokered the deal.
<img src="/images/2016/11/17/NSWLiverpool.png" alt="">
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jonathanchancellor-7SQnKwU6yx

Liverpool site with approval for apartments changes hands

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A 2071 square metre development land at Box Hill is for sale.
Located at <a href="https://www.rtedgar.com.au/property/423466/" target="_blank">5 – 9 Howard Street</a>, it is 500 metres from Box Hill Central.
With a Residential Growth Zone 1 that encourages higher density housing, plans for a five storey apartment complex with basement parking has been drawn up and subject to council approval.
It will provide 55 residences ranging from one to three bedrooms.
Other options on the 47 metre frontage x 44 metre depth site include a townhouse development, unit development or commercial development.
It currently sits on three period homes and will give a substantial rental income while waiting for the planning and council approval processes.
The property is also close by to Box Hill Library, the Eastern freeway and Eastern Health’s state-of-the-art healthcare facility with Wattle Park Gold Course, Box Hill Gold Course and Surrey Park nearby.
It is a short distance to Box Hill TAFE, Deakin University and others.
Expressions of interest close November 22 and is offered through RT Edgar agents Lawrence Zhu and Annabelle Feng.
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