Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Golden Age Group

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Who wouldn’t want to live in a building designed by a multi-award winning architect atop the most modern revamped shopping centre in the East?

Sky Garden, designed by one of Australia’s most respected architectural studios, Rothelowman, comprises of three towers ranging in height from 12 floors, 13 floors and 20 floors bringing 555 one, two and three bedroom high standard, spacious apartments.

Located atop the new and improved The Glen shopping centre, the complex will be one of the largest in Australia to be incorporated into a mixed use retail destination.

The new Glen is architecturally similar to the towers, curving and flowing around the structure and upward, connecting the towers in one effortless rise to the sky.

With over 240 stores, anchored by a new David Jones store, Woolworths and many more, The Glen provides residents with immediate necessities through the fresh food hall for groceries and the luxury brand hall for satisfactory needs.

Sky Garden residents feature over 4,000 square metres of internal and external facilities with one of the most impressive features being the rightfully named sky garden.

The sky garden offers the residents shade, fresh air and the enjoyment of sunlight through sun lounges, a bar and kitchen for entertaining, kids playground, vegetable gardens, large lawns with water features and private dining and seating sanctuaries to unwind all located on above the podium levels linking each tower.

Gaming rooms with mah-jong, billiards and chess, private cinema and media rooms, outdoor terraces with BBQ facilities, a fully equipped gymnasium yoga studios, tai chi areas, a sauna, steam room and luxury heated lap pool are only some of the exciting amenities to encourage mingling amongst neighbours and friends. 
 
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urban.com.au

Sky Garden is a superb collection of premier skyrise residences positioned in the true heart of Glen Waverley

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Today Apartments.com.au speaks to Erwin Taal, Senior Associate at ASPECT Studios about the office's work on Golden Age Group's Sky Garden development above The Glen Shopping Centre. Taal says the project provided a very challenging brief for a broad scale landscape that is not evident at first glance.

<blockquote>
A creative solution was required to provide the immersive landscape experience desired within the structural constraints of building over a retail precinct. 

This was achieved through the terracing of the landscape through using several lightweight shallow landscape trays creates an implied depth to the landscape that would otherwise not be possible. 

This depth is enhanced through the careful arrangement of plant heights to enhance this effect.
</blockquote>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/water_feature.jpg" rel="gallery-all" title="A water feature draws on the Chinese philosophy of the five essential elements. Image: Supplied"><img alt="" class="image-article-full-width-580px" height="290" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/water_feature.jpg?itok=FiytHw7N" title="A water feature draws on the Chinese philosophy of the five essential elements. Image: Supplied" width="580"></a>

<figcaption>A water feature draws on the Chinese philosophy of the five essential elements. Image: Supplied</figcaption></figure>Apartments.com.au: What was the brief from Golden Age for the landscaped spaces within Sky Garden? 

Erwin Taal: Golden Age and Time &amp; Place had a vision and dedication to provide a generous, shared residential green podium that would provide a range of outdoor spaces, appropriate for the varying needs of residents, including:

<ul>
<li>implementing a range of age-appropriate spaces,</li>
	<li>spaces with varying intimacy and openness,</li>
	<li>providing a mix of shelter and exposure,</li>
	<li>passive enjoyment through to active recreation.</li>
</ul>
The brief also called for the establishment of a green landscape with a range of planting approaches that would create an engaging immersive environment for the residents, within the limitations of the building structure. This desire for immersion within the landscape was amplified through the refined “Sky Garden” approach that was requested by Golden Age.

U: Did the design concepts of the five elements inform a set of guidelines which assisted in the collaboration between ASPECT, Rothelowman and DKO Architecture? 

ET: ASPECT Studios are one of the forerunners with extensive experience and knowledge of green roof design. We worked closely with Rothelowman &amp; DKO to ensure a seamless interface between the landscape and architecture. From the outset, we proposed that the residential podium take on a sympathetic design approach towards the concept for The Square and Level 1 Retail to ensure a considered and consistent design concept between all facets. This was in keeping with the geometries pursued within the Rothelowman design of the residential towers. Our concept successfully reflected the seamless integration between internal and external as well as the architectural exploration of the five elements to effectively create one consolidated residential offer.

U: What influence did the architecture of the three apartment buildings have on the design of the landscaped spaces? 

ET: We considered the broader site arrangement and massing of the three residential buildings and retail forms in our conception of the external landscape. The elongated forms that were rounded off (referenced to as the “Aalto curve”) were used as a driver to articulate the arrangement of a series of outdoor landscape rooms within the linear external landscape that wrapped along the base of the three towers. Further detail within these outdoor rooms was drawn from the manipulation of the residential tower forms including:

<ul>
<li>Faceting (as a way of rounding off corners using a controlled radius)</li>
	<li>Pinching (the drawing in of elements of the façade to provide variation in form and rhythm)</li>
	<li>The terrace (as a way of progressively stepping down building heights)</li>
</ul>
The linear landscaped forms were subsequently modified to become more curvilinear and less linear in nature, again as a reference to a more intimate Sky Garden approach, whilst retaining the overall arrangement of the outdoor rooms.

U: What were some of the challenges for designing multi-generational spaces without over cluttering the spaces or diluting the design intent? 

ET: The linear arrangement of outdoor rooms along the base of the towers and multiple points of entry surprisingly assisted in dispersing various programmed spaces along the podium. We divided the programming of the outdoor rooms into active through to passive use, and formal through to informal settings to determine the range of activities to occur within each room. Some of the outdoor rooms naturally lent themselves to a younger or older generational focus, but we felt it important that the interaction between all users was a desirable element, much as a typical urban environment. By off-setting the connective circulation from the activity of the spaces, a higher intensity of activation was therefore possible without disrupting access to other outdoor rooms within the arrangement.

<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/sky_garden_spaces.jpg" rel="gallery-all" title="A variety of formal, informal, active and passive spaces have been designed as part of the landscape strategy. Image: Supplied"><img alt="" class="image-article-full-width-580px" height="340" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/sky_garden_spaces.jpg?itok=yBVmYbsW" title="A variety of formal, informal, active and passive spaces have been designed as part of the landscape strategy. Image: Supplied" width="580"></a>

<figcaption>A variety of formal, informal, active and passive spaces have been designed as part of the landscape strategy. Image: Supplied</figcaption></figure>U: Sky Garden sits above the Glen Shopping Centre which is undergoing a staged redevelopment adding green spaces within the centre environment. How do you see the roles of shopping centres changing in the future and bringing more of nature in? 

ET: As our multi-residential and ‘mixed-use’ residential markets continue to grow, developers are taking further influence from our overseas counterparts in introducing shopping centre residential typologies which offers the fusion of lifestyle, residence and nature. As expressed within The Glen redevelopment encompasses:

<ul>
<li>Our inhabitation within an increasingly dense urban environment,</li>
	<li>the blurring of the traditional separation between home and lifestyle, and</li>
	<li>the desire for more meaningful connection to nature within our lifestyled environments.</li>
</ul>
Shopping Centres are rapidly evolving to capture, and even drive, this fusion through diversifying their offer beyond that of traditional retail. Incorporating nature through the creation of extensive internal and external landscaped environments provides breathing spaces within these intensified environments and actively encourages prolonged occupation. Whilst not a re-creation of real nature, the use of green roofs and podiums are a controlled representation of it which has been tailored to suit our changing social and urban fabric and can offer many of the environmental, microclimatic and biological benefits.
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Laurence Dragomir

ASPECT Studios' Erwin Taal discusses Sky Garden's landscape design

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The wraps are off Cbus Property's latest high-end residential addition for Melbourne's Spring Street.

Across 13-23 Spring Street, the project is being referred to as 17 Spring Street. Designed by Bates Smart, the tower has similar design overtones to the East Melbourne-based design office's <a href="http://www.cbusproperty.com.au/properties/35-spring-street-melbourne">35 Spring Street</a>, whilst also referencing the neighbouring 1 Spring Street.

Cbus Property's development application went to planning during April with an eye toward creating another elite apartment building overlooking Fiztroy Gardens.

The 33-storey tower reportedly includes 6 one, 24 two and 48 three bedroom apartments. In choosing a sparse apartment spread, Cbus Property is set to chase high-end buyers with apartment sizes ranging between 133 square metres and 207 square metres.

The balance of dwellings constitute the tower's premium offerings.

<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/17_spring_01.png" rel="gallery-all" title="Spring Street's latest addition. Image: Bates Smart"><img alt="" class="image-article-full-width-580px" height="869" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/17_spring_01.png?itok=b1PwOlY5" title="Spring Street's latest addition. Image: Bates Smart" width="580"></a>

<figcaption>Spring Street's latest addition. Image: Bates Smart</figcaption></figure>Now home to a modest Mercure Melbourne Treasury Gardens, Cbus Property nabbed the site last year for approximately $70 million. With the pedigree residential tower in the works, AccorHotels will need to find a new location for its Mercure brand.

Incidentally, the hotel group announced in recent days the addition of <a href="/news/2018/07/30/mercure-hotels-adds-four-new-locations-across-australia">four new Mercure locations in Australia</a>, with the Doncaster Hill precinct set to gain a maiden hotel development.

The addition of 17 Spring Street has boosted Cbus Property's national presence in the Apartments.com.au Project Database to 13, headed by significant Melbourne-based projects such as <a href="/buildings/collins-arch-447-collins-street-melbourne">Collins Arch</a>, <a href="/buildings/holme-apartments-68-cambridge-st-collingwood">Holme Apartments</a> and <a href="/developments/melbourne-vic-3000">311 Spencer Street</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/image86_7.jpg" rel="gallery-all" title="Golden Age's 85 Spring Street is nearing a start"><img alt="" class="image-article-full-width-580px" height="266" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image86_7.jpg?itok=KapeeCnQ" title="Golden Age's 85 Spring Street is nearing a start" width="580"></a>

<figcaption>Golden Age's 85 Spring Street is nearing a start</figcaption></figure>Meanwhile, the drawn-out development push for 85 Spring Street has reached a significant marker with a fresh construction tender issued for the $500 million mixed-use development.

Developer Golden Age Group is backing the project after Grocon reportedly chose to onsell the site in the face of strong unsolicited developer interest. The tender carries a construction value in excess of $200 million for the mixed-use Bates Smart-designed tower.

Costing Golden Age Group $75 million to secure, the 39 storey tower includes 138 apartments and a hotel component. Under a deal struck late last year the developer and Starwood Capital Group will jointly manage the hotel component which includes 250 hotel suites plus amenities such as a bar, restaurants, conference rooms and a gym.

The hotel is tentatively slated to open in 2020, likely leading to a construction start this calendar year.
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silvermb

Spring Street's double dose of development news

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Apartments.com.au in its former guise as Apartments.com.au, <a href="/news/sky-garden-residences-launched-as-construction-progresses-on-the-glen">initially reported</a> on Golden Age Group launching a website for its $450 million Sky Garden project. The elevated residential development. to be constructed above the redeveloped The Glen Shopping Centre in Glen Waverley, has now been officially launched to the market.

The tri-tower project will feature an elevated 4,000 sqm “garden in the sky” that will serve the 555 apartments that will comprise Sky Garden, providing a community meeting place for residents.

Development of Sky Garden will coincide with Vicinity Centre’s $460 million redevelopment of The Glen, which will include 240 new shops and retailers. The first two stages of Vicinity Centre’s retail development, including a new fresh food market hall and casual dining ‘food gallery’ have already been completed, with further stages opening later this year through to an anticipated completion in early 2020.

The design team responsible for Sky Garden includes architects Rothelowman for exteriors, DKO Architecture for the interiors and ASPECT Studios for the extensive landscape design.

The project has been designed to appeal to a wide range of buyers and demographics, with layouts that cater to the needs of young families, downsizers, working professionals, owner-occupiers and the investor market.

According to Golden Age Group, the project represents one of the most innovative and ambitious development plans in the company’s history. The project follows on from the soon-to-be completed Victoria One in Melbourne's CBD and will headline a strong pipeline that also includes the Bates Smart-designed 85 Spring Street, opposite the Fitzroy Gardens.

<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/gold996085-spring-streetel01facade-to-city.jpg" rel="gallery-all" title="85 Spring Street will join Sky Garden as Golden Age Group's premier developments. Image: Floodslicer"><img alt="" class="image-article-full-width-580px" height="251" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/gold996085-spring-streetel01facade-to-city.jpg?itok=Rw33_DhE" title="85 Spring Street will join Sky Garden as Golden Age Group's premier developments. Image: Floodslicer" width="580"></a>

<figcaption>85 Spring Street will join Sky Garden as Golden Age Group's premier developments. Image: Floodslicer</figcaption></figure>The Sky Garden display suite will open in late July 2018 with the construction of all three towers expected to commence in by mid-2019 once a head contractor is appointed.

<h2>What they say</h2>

<blockquote>
At Golden Age, we are always looking for new ways to do things. We saw an opportunity to partner with Vicinity Centres and deliver a residential component to an existing shopping precinct in a way that’s never been done before, making this project the first of its kind.

We want to redefine what residential living is, and how it can be expressed. “ Designed as though it were set on ground level, Sky Garden is a visionary offering in Melbourne’s residential market by providing the benefits of ground-set vertical living, despite being elevated atop the amenities of one of Melbourne's best shopping destinations.

The lifestyle offering of this residential development is incomparable, with breathtaking panoramic views stretching from Dandenong Ranges to the CBD. Sky Garden offers green open space, the amenity of a world-class shopping centre and ample infrastructure including public transport links, proximity to elite schools and easy access to the Melbourne’s CBD.

With a dedication to fostering holistic lifestyles, Sky Garden will include an array of shared resident amenity, ranging from formal lounges, a library, swimming pool, dining areas and a dedicated wellness centre.

- Jeff Xu, Managing director and Founder, Golden Age Group
</blockquote>

<blockquote>
As one of the largest real estate owners and managers in Australia, Vicinity Centres adopted a robust process to determine the right partner for this important project.

We see Sky Garden as a perfect addition to our redevelopment of The Glen, further enhancing the primacy of the location and creating a strong foundation for a new community to live, play, work and thrive in Melbourne’s east.

- Carolyn Viney, Executive General Manager - Development of Vicinity Centres,

 
</blockquote>
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Golden Age Group officially launches Sky Garden at The Glen

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Box Hill's drive toward increased apartment living rolls on with developer Golden Age Group on Friday further elaborating on its planned $350 million mixed-use residential development at 517-521 Station Street.

The project's move to planning tails initial success for Golden Age Group during 2017, when the site was rezoned from Public Use Zone to a Mixed Use Zone outcome. Golden Age Group picked up the current car park and childcare centre for $51.8 million in August 2016.

Initial plans drawn up by DKO Architecture have now been firmed and consist of two 18 level towers supplemented by a smaller building. Under those initial plans 429 apartments and 77 serviced apartments spanned the 7,244 square metre site.

Although not elaborating on the intended apartment mix, Golden Age Group's press release reinforces the developer's liking for Box Hill, along with a new childcare centre onsite that will roughly double in size the existing facility.

<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/170207_517-521_station_st_s010_hero_final_opt03-1.jpg" rel="gallery-all" title="Golden Age Group's next Box Hill project "><img alt="" class="image-article-full-width-580px" height="697" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/170207_517-521_station_st_s010_hero_final_opt03-1.jpg?itok=26cRhJjl" title="Golden Age Group's next Box Hill project " width="580"></a>

<figcaption>Golden Age Group's next Box Hill project</figcaption></figure><blockquote>
Our plans for this project demonstrate our commitment to facilitating the expansion of the transforming suburb of Box Hill and we pride ourselves on delivering site-sensitive plans that complement the urban context.

The proposed plan will feature a large public realm and multiple street frontages, with a mix of commercial and retail spaces, residential accommodation and a new pedestrian crossing over Station Street to enhance linkages to the existing Box Hill commercial precinct. The site will also cater to the community’s needs including a childcare centre, which is twice the size of the previous facilities that occupied the site.

The development of Sky One and this project reflect Golden Age Group’s commitment to the rich culture and vibrant community of Box Hill, which is slated to become Melbourne’s second CBD.”
<cite>Golden Age Group managing director, Jeff Xu</cite>
</blockquote>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/img_6001.jpg" rel="gallery-all" title="Progress across the Sky One site"><img alt="" class="image-article-full-width-580px" height="337" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/img_6001.jpg?itok=R9c11IEW" title="Progress across the Sky One site" width="580"></a>

<figcaption>Progress across the Sky One site</figcaption></figure>In mentioning Sky One, Golden Age Group's current Box Hill project now has its jump form emerging above ground after extensive basement works.

The suburb's's soon-to-be tallest tower will be supported by 7 basement levels accommodating 325 car spaces. The emergence of the jump form is a noteworthy construction marker in the project's 32 month designated construction time frame stretching through to September 2019.

Upon completion the DKO Architecture-designed Sky One will rise 36 storeys and house 438 apartments above 3 levels of retail and dining. 517-521 Station Street and Sky One are a mere 100 metres apart from one another.

Later this week Apartments.com.au will cover a variety of other <a href="/developments/box-hill-vic-3128">emerging Box Hill projects</a>.
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Golden Age leads a flurry of Box Hill activity

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Golden Age Group, <a href="/developers/golden-age-group">developer</a> of projects like Sky One in Box Hill, Victoria One and Collins House in the CBD, has announced it has signed an agreement with Starwood Capital Group to enter into a joint venture to manage the hotel component within the new 85 Spring Street.

The $600 million mixed-use development has frontages to both Little Collins and Spring Street. Golden Age Group purchased site from Grocon during February 2017 for $75 million, consequently enlisting Bates Smart to redesign the project.  

Hotel aspect aside, the project is set to include 138 apartments across 39 levels in a building which fronts Spring Street and overlooks the parliamentary precinct. Starwood's signature sees it manage a second building fronting Little Collins Street which will rise to 26 levels and include 250 hotel suites plus amenities such as a bar, restaurants, conference rooms and a gym.

The hotel is tentatively slated to open in 2020, meaning a construction start is likely next year.

<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/springstreet_ex_hero_collins.jpg" rel="gallery-all" title="85 Spring Street, image - supplied"><img alt="" class="image-article-full-width-580px" height="531" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/springstreet_ex_hero_collins.jpg?itok=-QbXvRc4" title="85 Spring Street, image - supplied" width="580"></a>

<figcaption>85 Spring Street. Image: Golden Age Group</figcaption></figure><h2>What the say</h2>

<blockquote>
Melbourne's hotel market has shown continued growth in rates with strong, stable occupancy and increasing demand due to Melbourne's extensive events calendar and growth in international tourism. We believe strongly in hotels as a well-performing asset class and in the continued strength of the tourism industry
<cite>Jeff Xu, the managing director of Golden Age Group</cite>
</blockquote>

<blockquote>
We are excited by the opportunity to enter Melbourne's growing tourism market alongside such a successful property development and partner as Golden Age Group. Melbourne's hotel market achieves almost 80% occupancy while demand continues to grow. 

With several new component hotel offerings planned for the Melbourne hotel market, we believe a hotel in this tremendous location with many park view rooms and adjacent to the vibrant city's best retail, restaurants and leisure offerings should perform very well.
<cite>Kevin Colket, Asia MD, Starwood Capital Group</cite>
</blockquote>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image45_3_0.jpg" rel="gallery-all" title="Previous iterations of the design of 85 Spring Street."><img alt="" class="image-article-full-width-580px" height="373" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image45_3_0.jpg?itok=URTBMVDV" title="Previous iterations of the design of 85 Spring Street." width="580"></a>

<figcaption>Previous iterations of the design of 85 Spring Street.</figcaption></figure>85 Spring Street has had <a href="/news/momentous-designs-both-gained-and-lost-in-the-space-of-a-week">an interesting planning history</a> with the most recent planning approval achieved in 2015 under then project architect Denton Corker Marshall.

Golden Age Group's addition of 85 Spring Street to its development ranks earlier this year has seen its development portfolio expand to an estimated $4.2 billion. 85 Spring Street's 338 apartments and hotel suites joins the roughly 1,000 apartments and serviced apartments Golden Age Group has yet to act upon via two additional projects, namely <a href="/buildings/sky-garden-235-springvale-road-glen-waverley">The Glen</a> and Box Hill's <a href="/new-apartments/sky-sqr-517-521-station-street-box-hill">517-521 Station Street</a>.

The joint venture transaction between Golden Age Group and Starwood Capital Group is subject to regulatory approval, with the hotel brand name likely to be announced thereafter. 
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Alastair Taylor

Golden Age and Starwood Capital partner for 85 Spring Street's hotel component

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It was announced this morning that Golden Age Group will develop the residential component of The Glen.

Vicinity Centres with co-owner Perron Group have decided to sell the air rights above the centre which is at the starting point of its multi-million dollar redevelopment. Apartments.com.au <a href="/news/vicinity-and-pellicano-provide-monash-with-a-development-boost">reported last month</a> on Vicinity's construction launch of the $490 million project, which will expand the existing centre to include 78,000 square metres of gross lettable area.

Vicinity Centres has indicated that the majority of retail spaces within The Glen's first development stage has been leased. Opening late 2017, this initial stage will include an Aldi, Woolworths, Coles and over 60 specialty stores.

Multiple dining precincts and a new Town Square will spearhead the redevelopment's push to open up/be more expressive with its surrounds.

The Glen will open in a number of stages and is expected to be complete by early 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/image217_0_0.jpg" rel="gallery-all" title="Future residents will benefit from The Glen's increased offerings"><img alt="" class="image-article-full-width-580px" height="318" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image217_0_0.jpg?itok=v2Bf2Wm1" title="Future residents will benefit from The Glen's increased offerings" width="580"></a>

<figcaption>Future residents will benefit from The Glen's increased offerings</figcaption></figure>As for Golden Age Group, they now inherit the right to deliver 539 apartments across three towers, in accordance with approved plans devised by NH Architecture. 

Initially submitted at a lofty 86 metres to its highest point, The Glen's tallest residential tower was eventually approved at 64 metres or 20 levels. Smaller residential towers reach 12 and 13 levels respectively.

The tallest tower in the area prior to The Glen receiving approval is Australian Nan Xin Investment's Galleria at 52-54 O'Sullivan Road at 15 levels and 47 metres.

Under the approved plans, the 539 apartments are split between 155 single, 357 double and 22 triple bedroom and 5 quad bedroom apartments. Whether Golden Age Group pushes on with the approved design or seeks to alter the format/configuration of the three buildings remains to be seen.

<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/image76_1.jpg" rel="gallery-all" title="517-521 Station Street and Opera are part of the Golden Age Property stable"><img alt="" class="image-article-full-width-580px" height="395" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image76_1.jpg?itok=9ZcjhSAD" title="517-521 Station Street and Opera are part of the Golden Age Property stable" width="580"></a>

<figcaption>517-521 Station Street and Opera are part of the Golden Age Group stable</figcaption></figure>The addition of The Glen's apartment component swells Golden Age Group's current Melbourne portfolio to seven projects, encompassing a very hefty 2,750 apartments.

Victoria One, Opera, <a href="/buildings/collins-house-melbourne-460-466-collins-street-melbourne">Collins House</a> and Sky One Box Hill represent the developer's projects currently at construction. Also in Box Hill, Golden Age Group are pursuing a planning amendment that will allow for the delivery of dual towers across 517-521 Station Street, whilst The Glen joins 85 Spring Street as projects that the developer has licked up post planning approval.

Lead image: Panoramio
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Golden Age Group adds The Glen to their portfolio

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Final touches are being applied to the Sky One display suite in preparation for the project's sales launch this Saturday. Gold in colour and mimicking the tower's eventual shape, the display suite is located at 545 Station Street, Box Hill.

Extensively covered by Apartments.com.au thus far, the tower is set to become a Box Hill landmark with developer Golden Age Group poised to accept reservations for what they believe will be a project that brings a heightened degree of sophistication to the suburb which is 14 kilometres due east of Melbourne's CBD.

The fourth and arguably most attractive design iteration for the site, the DKO Architecture-designed Sky One is a 36 level tower containing 434 apartments with unimpeded views to all directions. The apartments will sit atop a three-level retail, dining and health emporium, adding street level activity to a site which has been vacant for some time.

The food emporium will see a Shanghai laneways-inspired market, with a variety of restaurants on show.

<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/vw2_upda.jpg" rel="gallery-all" title="Lower level perspective of Sky One. Image courtesy Golden Age Group"><img alt="" class="image-article-full-width-580px" height="343" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/vw2_upda.jpg?itok=Lb3x-qcw" title="Lower level perspective of Sky One. Image courtesy Golden Age Group" width="580"></a>

<figcaption>Lower level perspective of Sky One. Image courtesy Golden Age Group</figcaption></figure>Further information has been shed on Sky One's features, with an array of amenities offered within the building. Level three is dedicated toward a residents’ Sky Lounge with landscaped gardens, pool, gym, spa, sauna, family wet area, yoga studio, formal and informal lounges, private dining, private cinema/media room and an entertainment room all present.

Penthouse and sub-penthouse residents over levels 32 to 35 and a limited number of north facing apartments will also have their own exclusive level 32 Sky Club. Meeting and function spaces are included as are relaxation areas.

<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/p12_sky_one_communal_poola.jpg" rel="gallery-all" title="Sky One's anticipated pool deck. Image courtesy Golden Age Group"><img alt="" class="image-article-full-width-580px" height="271" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/p12_sky_one_communal_poola.jpg?itok=Bc5erVwy" title="Sky One's anticipated pool deck. Image courtesy Golden Age Group" width="580"></a>

<figcaption>Sky One's anticipated pool deck. Image courtesy Golden Age Group</figcaption></figure>55 single bedroom apartments will maintain internals of between 44 to 47 square metres, with 342 dual bedroom apartment at between 66 to 82 square metres in size. More opulent three bedroom dwellings range between 92 and 127 square metres, while external areas range from a modest 7 square metres through to 88 square metre terraces.

325 basement parking spaces are included, allowing buyers who have no requirement or interest in driving to purchase a car space-free apartment accordingly.

A choice of two apartment interior schemes are available, split between the light-toned Dawn or dark-toned Dusk finishes, with an overarching emphasis on light and reflection throughout each apartment.

<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/p12_skye_one_formal_loungea.jpg" rel="gallery-all" title="a lounge forms parts of the project's amenities. Image courtesy Golden Age Group"><img alt="" class="image-article-full-width-580px" height="297" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/p12_skye_one_formal_loungea.jpg?itok=hfVpr0LC" title="a lounge forms parts of the project's amenities. Image courtesy Golden Age Group" width="580"></a>

<figcaption>a lounge forms parts of the project's amenities. Image courtesy Golden Age Group</figcaption></figure><h2>What they say</h2>

<blockquote>
We recognise this is a very important site and so we are creating a dynamic, distinctive building that will add vitality, vibrancy and quality to the local community and become a central hub for Box Hill.
<cite>Jeff Xu, Managing Director, Golden Age Group</cite>
</blockquote>

<blockquote>
Sky One will be seen from great distances because it is surrounded by low rise buildings and sits on the peak of Box Hill’s central hill, giving it a unique vantage point. Our design was based on Feng Shui principles which ensured we optimised light and the stunning views to the north and east as well as the panorama of the CBD to the southwest.

Golden Age understands owner occupiers are looking for top quality and amenity in their living spaces and our plans have been driven by giving residents the best light, views and living space designs.

The curving façade will be finished in bronze glass and bronze metal panels with apartment living areas glazed from floor to ceiling in high performance glass or double glazing, depending on aspect.
<cite>Jesse Linardi, Director, DKO</cite>
</blockquote>
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Golden Age Group set to launch Sky One

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As if dispelling any doubt that Box Hill is the apartment powerhouse in Melbourne's middle-ring suburbs, a number of planning applications are before City of Whitehorse seeking to further boost the emerging skyline.

Golden Age Group have requested a planning amendment to the approved 545-563 Station Street which would see an overall height of the tower increase to 122.8 metres, enabling the project to take the mantle as Box Hill's tallest building when delivered. Approval would move 545-563 Station Street beyond the nearby Whitehorse Towers which is under construction and set to reach 115 metes upon completion.

Long term project architect Buchan Group have refined the tower's exterior with Golden Age adjusting apartment numbers to 450, split between 106 single bedroom, 308 dual bedroom and 36 triple bedroom apartments.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image36_0.jpg" rel="gallery-all" title="Promotional image of Sky One Box Hill"><img alt="" class="image-article-full-width-580px" height="512" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image36_0.jpg?itok=a6sCC4nm" title="Promotional image of Sky One Box Hill" width="580"></a>

<figcaption>Promotional image of Sky One Box Hill</figcaption></figure>390 vehicle spaces and 182 bicycle bays service the revised scheme which has been labelled Sky One Box Hill. A new dining hub will cover lower levels with a combined 3,723sqm dedicated toward various restaurant and retail/food premises.

Registrations of Interest are open for the project.

A prospective rival to Golden Age's mantle of tallest in Box Hill may come in the form of 820-824 Whitehorse Road which entered planning during February. Considered one of Box Hill's premier development sites when sold during 2015, agent Savills noted at the time the sales tag of $18.8 million set a record land value for the area.

While details have yet to emerge, the proposed tower is in close proximity to Asian Pacific Group's aforementioned Whitehorse Towers which will for a time hold the mantle as Box Hill's tallest building when completed.

<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/savills.jpg" rel="gallery-all" title="Savills' promotional image of 82-824 Whitehorse Road"><img alt="" class="image-article-full-width-580px" height="435" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/savills.jpg?itok=Uk7XwSyB" title="Savills' promotional image of 82-824 Whitehorse Road" width="580"></a>

<figcaption>Savills' promotional image of 82-824 Whitehorse Road</figcaption></figure>Artisan Architects have also created a mixed-use tower for 9 Prospect Street, Box Hill. The curvaceous building was lodged with City of Whitehorse during late 2015 and features 214 apartments.

Spanning 25 levels, 9 Prospect Street also includes 2,915sqm of commercial office space and 204 vehicle bays within the building which holds a GFA of 27,334sqm.

9 Prospect Street may also provide a guide as to what can be expected for 13 Prospect Street &amp; 31-35 Prospect Street. Both were recently offered for sale by agents Colliers International and JLL Australia with multi-level residential developments in mind.

<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/download_0.jpg" rel="gallery-all" title="Artisan Architects' second Box Hill venture"><img alt="" class="image-article-full-width-580px" height="371" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/download_0.jpg?itok=P_EHfl9I" title="Artisan Architects' second Box Hill venture" width="580"></a>

<figcaption>Artisan Architects' second Box Hill venture</figcaption></figure>The rapid change engulfing Box Hill is also demonstrated by 5 Wellington Road which is subject to a 16 storey building comprising 177 apartments atop basement parking and retail uses. While not startlingly tall at 16 storeys the location of the building is as much as anything a sign of the rapidly changing expectations of developers in areas not accustomed to such heights.

Box Hill-based Shangyi Property are thought to be behind the development, after noting a Wellington Street development site as one of their upcoming projects.

<h2>Comment: Can Box Hill break the 150 metre barrier?</h2>

Box Hill's first proposal to break the 100 metre barrier surfaced during 2008. Quashed at the time for a number of reasons including excessive height, the site is now subject to Golden Age's Sky One Box Hill.

With that proposal potentially setting a new benchmark at 122 metres, is it inconceivable that Box Hill will host a tower in excess of 150 metres in the not too distant future? There is an abundance of sites both along Whitehorse Road and behind Box Hill Central that may well lend themselves to such a proposal...although ultimately time will tell.

What is becoming evident is that Box hill is on course to match South Yarra's Forrest Hill Precinct for size and sheer apartment numbers in the next year or so; not bad for an Activity Centre roughly 20 kilomentres from the centre of Melbourne that gave Forrest Hill the best part of a 5-7 year head start.
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Box Hill rises to new heights; is 150 metres out of the question?

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In addition to news of a <a href="/news/a-new-melbourne-icon-squarely-in-minister-wynnes-hands-447-collins-street">new iconic design for 447 Collins Street</a>, last week also yielded additional information on a handful of other sizeable Melbourne residential developments.

Spanning four separate suburbs, the six proposals are all substantial towers with the smallest containing some 321 dwellings. All bar one of the six have been championed by established property players which maintain a national presence, and combined are capable of adding near on 3,000 new apartments into the Melbourne market.

See below an overview of the six projects which are at differing stages of the development process:

<h2>SKY ONE Box Hill - 545 Station Street, Box Hill</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/image9_2.jpg" rel="gallery-all" title="SKY ONE Box Hill. Image courtesy Golden Age Development Group"><img alt="" class="image-article-full-width-580px" height="349" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image9_2.jpg?itok=zXJGcpOU" title="SKY ONE Box Hill. Image courtesy Golden Age Development Group" width="580"></a>

<figcaption>SKY ONE Box Hill. Image courtesy Golden Age Development Group</figcaption></figure>The wraps are off Golden Age Group's newest project dubbed SKY ONE Box Hill. After picking up the approved development site in a recent sales campaign headed by CBRE, Golden Age Group have elected to rework the approved Buchan Group-designed 34 level tower.

In its place will stand a sleek 35 storey tower consisting of luxury apartment above retail uses across lower levels. Launching in the first quarter of 2016, SKY ONE Box Hill is a continuance of Golden Age Group's surge into the Melbourne apartment market which has yielded six high-rise projects in a few short years, including the under construction <a href="/buildings/victoria-one-452-472-elizabeth-street-melbourne">Victoria One</a> which will eventually stand at 241 metres.

<h2>Shadow Play - 105 Clarendon Street, Southbank</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/image8_1.jpg" rel="gallery-all" title="Shadow Play's distinctive silhouette. Image courtesy Enrich Property"><img alt="" class="image-article-full-width-580px" height="363" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image8_1.jpg?itok=79079FuV" title="Shadow Play's distinctive silhouette. Image courtesy Enrich Property" width="580"></a>

<figcaption>Shadow Play's distinctive silhouette. Image courtesy Enrich Property</figcaption></figure>BPM revealed last week that Melbourne builder Icon Co will construct its marquee Southbank residential tower. Valued at $300 million and designed by Elenberg Fraser, Shadow Play is expected to reach completion in May 2018 following the commencement of demolition on the existing structures onsite.

Included are 475 one, two and three bedroom apartments serviced by 150 podium parking spaces and a 600 square metre communal space across level nine.

<h2>32-44 Flinders Street, Melbourne</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image10_5.jpg" rel="gallery-all" title="Further revised. Image courtesy SJB Architects"><img alt="" class="image-article-full-width-580px" height="402" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image10_5.jpg?itok=lLwKnD0x" title="Further revised. Image courtesy SJB Architects" width="580"></a>

<figcaption>Further revised. Image courtesy SJB Architects</figcaption></figure>DEXUS Property Group's first foray into the local residential market has gone through the approvals ringer with a redesign implemented which saw the initial proposal trimmed from 66 levels to 56, while the total number of dwellings has also fallen from 625 to 496.

Melbourne City Council planners have recommended objection based upon excessive height, inadequate setbacks and overshadowing although DEXUS's intentions will lie with the Minister for Planning as the gross floor area of the building proposed is in excess of the 25,000sqm benchmark.

<h2>295-309 King Street, Melbourne</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/image11_4.jpg" rel="gallery-all" title="295-309 King Street. Image courtesy Plus Architecture"><img alt="" class="image-article-full-width-580px" height="335" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image11_4.jpg?itok=gcAI9D3a" title="295-309 King Street. Image courtesy Plus Architecture" width="580"></a>

<figcaption>295-309 King Street. Image courtesy Plus Architecture</figcaption></figure>Also back under the gaze of Melbourne City Council is an application that first surfaced during October 2014. Council planners have recommended refusal for the tower based upon revised plans which were received on 14 October 2015 and which includes 440 apartments within a 215 metre tower.

Although the revised plans were submitted post the amendments to the Melbourne Planning Scheme which would consequently render the application invalid, its initial submission date during 2014 suggests it will likely be judged under the old planning provisions… or so the theory goes.

<h2>1 Collins Wharf, Docklands</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/image14_1.jpg" rel="gallery-all" title="Lend Lease's latest Docklands offering. Image courtesy The Australian"><img alt="" class="image-article-full-width-580px" height="327" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image14_1.jpg?itok=PF_du3JI" title="Lend Lease's latest Docklands offering. Image courtesy The Australian" width="580"></a>

<figcaption>Lend Lease's latest Docklands offering. Image courtesy The Australian</figcaption></figure>The Australian reported last week on Lend Lease's latest addition to Victoria Harbour is in the form of a Bates Smart-designed residential tower. Covering 28 levels and encompassing 321 dwellings the stepped tower will sit diagonally opposite Library at The Dock and will be a follow-up the the precinct's premier apartment projects Convesso and Concavo, also Bates Smart creations.

1 Collins Wharf will follow on from the current six residential towers that are under construction within Victoria Harbour as Lend Lease enjoys robust demand for Melbourne apartments from both local and overseas purchasers.

<h2>38 Freshwater Place, Southbank</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/image21_4.jpg" rel="gallery-all" title="A prized development site. Image courtesy CBRE"><img alt="" class="image-article-full-width-580px" height="410" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image21_4.jpg?itok=qamzVdWB" title="A prized development site. Image courtesy CBRE" width="580"></a>

<figcaption>A prized development site. Image courtesy CBRE</figcaption></figure>One of Melbourne's premier development opportunities is up for grabs with 38 Freshwater Place put on the market by M &amp; L Hospitality. With approval in place for a 273 metre tower which could not be repeated under new planning rules, competition to secure the site is expected to be strong.

METIER3 have designed the sweeping tower with 496 apartments and 390 hotel suites included, although the successful buyer may choose to convert the scheme to a purely residential outcome.
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