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

Gray Puksand

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Melbourne's landmark 101 Collins Street, is about to undergo a luxury overhaul under the design of commercial architect Gray Puksand (Australia Post Tower, Urbis). AXA Investment Group recently announced the development of a state-of-the-art wellness centre within the tower, which could likely become the largest health and wellness facility in the city – raising the bar for the tower's competitors. 

<blockquote>
“We set the benchmark for premium workplaces in Australia. At the same time, we’re constantly evolving to meet the needs of our customers.”

-  101 Collins website
</blockquote>

Two studios will be equipped to facilitate the practice of yoga, Pilates, barre, meditation HIIT and cardio-based classes. The spaces will also feature sprung floors and heated ceiling panels for the comfort of users. Three specialist consultation rooms are also on the cards, offering physiotherapy, osteopathy, chiropractic and remedial massage.

<blockquote>
“For almost three decades, 101 Collins Street has held the position as Melbourne’s pre-eminent office address, but we can’t afford to be complacent. Our team is focused on responding to evolving tenant needs, new trends in technology and innovation, so our projects will continue to set new benchmarks in the premium space market.”

- Brett Dillon, Head of Funds Management at AXA IM-Real Assets
</blockquote>

The renovation follows the recent completion of the project's end-of-trip facility where an entire ground-level carpark was transformed into a resort-style spa known as 'ONE'. Special features include a luxury towel service, personal grooming stations, lounge seating, Australian-made Leif shower products and parking for 500 bikes.

101 Collins Street was originally built in 1991 and designed by renowned architect Johnson Burgee. Completion of the project is slated for October this year.

A host of developers are looking at improvements to existing assets to compete in a highly competitive commercial market. These include AMP Capital's lobby refurbishment at <a href="https://www.collinsplace.com.au/development-updates">35 Collins Street</a>, GPT's <a href="/news/its-back-to-the-future-for-melbourne-central-towers-lobby-upgrade">lobby redevelopments at Melbourne Central</a>, ANZ Gothic and a new CLT office building at <a href="/developments/melbourne-vic-3000">300 Lonsdale Street</a> above the existing shopping centre.

The next generation of office towers which have been designed around the health and wellbeing of workers include Mirvac's <a href="/developments/melbourne-vic-3000">Olderfleet</a> (under construction), Cbus Property's <a href="/news/cbus-property-submits-planning-application-for-its-landmark-435-bourke-street-site">435 Bourke Street</a> (currently at planning) and Charter Hall's 555 Collins Street. In addition to boasting strong environmental credentials, the projects are also targeting <a href="https://www.wellcertified.com/">WELL Certification</a>, as world leaders in workplace design.
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Olivia Round

101 Collins Street's world-class wellness centre sets new standard for office building amenities

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Melbourne-based developer PDG Corporation has recently updated its website with new images of two key CBD fringe projects; 91-111 Therry Street and 611-697 Elizabeth Street. While the design for Therry Street - known as QVM Residences - has been refined in the lead up to the sales and marketing campaign, 611-697 Elizabeth Street now carries with it a completely new scheme.

<a href="/news/oh-what-a-feeling-611-681-elizabeth-street-melbourne">Previously a four-building scheme designed by SJB</a> comprising a mix of residential, student accommodation and retail centred around a network of laneways dissecting the site, the development has now been superseded by a commercial scheme of three buildings, reflecting the strength of Melbourne's commercial market.

Read below for further detail on each of the projects.

<h2><a href="/developments/melbourne-vic-3000">QVM Residences - 91-111 Therry Street</a></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/qvm-residences-project-image-05b.jpg" rel="gallery-all" title="QVM Residences Therry Street frontage. Image: PDG Corporation"><img alt="" class="image-article-full-width-580px" height="290" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/qvm-residences-project-image-05b.jpg?itok=-bXKqvXY" title="QVM Residences Therry Street frontage. Image: PDG Corporation" width="580"></a>

<figcaption>QVM Residences Therry Street frontage. Image: PDG Corporation</figcaption></figure>Located on what is known colloquially known as the 'Munro Site,' QVM Residences, as the moniker suggests, forms part of the greater $250 million Queen Victoria Market Precinct Renewal being undertaken by the City of Melbourne. According to PDG, the project presents a dynamic vision for an exemplary mixed-use residential, retail and community destination featuring a boutique hotel, fine grain retail and 360 apartments for sale.

Additionally, PDG claims the QVM Residences development has been designed to be one of Australia’s most sustainable mixed-use developments.

The tower capitalises on its location on the northern edge of the Melbourne CBD, providing uninterrupted views across the market towards Flagstaff Gardens. Bates Smart have designed the tower's form to maximise direct solar access and to provide natural ventilation to all apartments, resulting in a high level of amenity.

The building’s façade is inspired by the fine grain texture of the market’s historic sheds and stalls and is designed to position the tower within its context, providing a deep connection to place. Inspired by the idea of stacked garden boxes, the lower level balconies will be planted with cascading greenery, creating a living, breathing architecture that celebrates sustainability and contributes to making Melbourne a healthier city.

<blockquote>
The development draws on values of sustainability, health and modern design with the market’s legacy and Melbourne’s laneway culture serving as major points of inspiration. The result is a singular lifestyle offered to future residents, who will enjoy an incredible selection of vegetables, produce, delicacies and bespoke offerings at their door.

Queen Victoria Market is the last remaining of three major markets that played a significant role in the development of our beloved, globally-recognised culture. The market shapes Melbourne and, in turn, Melbourne shapes the market. Those who will call it home will have a hand in writing the next chapters of its rich history.

A celebration of Queen Victoria Market’s traditions. A commitment to sustainability and the leading edge. A promise of world-class residential features – QVM Residences is one of PDG’s most exciting and important developments to date.

- PDG Corporation
</blockquote>

In addition to the Bates Smart mixed-use tower, the development will also include the City of Melbourne’s largest new community hub and new Queen Victoria Market customer car parking for 500 cars, a pocket park and laneways.  The new community hub will deliver a highly active public realm with retail and hospitality at ground level, and community services and affordable housing designed by Six Degrees above. Construction of this component is currently underway with Hamilton Marino at the helm.

The construction programme for the development is outlined below:

<ul>
<li>Stage 1 – Mercat Cross façade retention and demolition of Therry and Queen Street buildings approx 4 months</li>
	<li>Stage 2 – Excavation and construction of basement car park approx 18 months</li>
	<li>Stage 3 – Construction of City of Melbourne community hub approx 6 months</li>
	<li>Stage 4 – Construction of City of Melbourne affordable housing and fit out of community hub approx 5 months</li>
</ul>
The QVM Residences received planning approval in May of this year and is expected to be completed in 2021.

<h2>Elizabeth North - 611- 697 Elizabeth Street</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/elizabeth-north_pdg.jpg" rel="gallery-all" title="A revised scheme for the former Toyota site. Image: PDG Corporation"><img alt="" class="image-article-full-width-580px" height="327" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/elizabeth-north_pdg.jpg?itok=Vz9ii-1D" title="A revised scheme for the former Toyota site. Image: PDG Corporation" width="580"></a>

<figcaption>A revised scheme for the former Toyota site. Image: PDG Corporation</figcaption></figure>As alluded to earlier in the article, Elizabeth North replaces an earlier predominantly residential scheme, with Cox Architecture and Gray Puksand engaged to design three commercial buildings of varying heights from 10 to 21-storeys.

With Elizabeth North PDG is seeking to deliver a 'dynamic new precinct' within Melbourne’s City North Innovation District capitalising on its proximity to the research and health precinct and the University of Melbourne. The development also stands to benefit from the new Parkville Station as part of the Melbourne Metro project, located just a short walk away.

PDG says the precinct has been designed to reflect its location at the convergence of roads at the Haymarket roundabout, which is translated into the confluence of ideas, new technologies and opportunities associated with surrounding institutions and organisations.

<blockquote>
Our Elizabeth North project is a mixed-use commercial and retail development drawing on best-practice architecture, design and urban planning to provide the Innovation District with world-class amenities.

The vision to create a centre for commerce in this future-focused district has been driven by an understanding of the surrounding area’s needs informed by thorough research and conceptual development.

Facilities and amenities will be complemented by CBD accessibility. Mere minutes from the heart of the city – and all of its shopping, dining, transport, and businesses – by foot or tram.

- PDG Corporation
</blockquote>

Elizabeth North is expected to be completed in stages from 2020 through to 2022.

 

<iframe frameborder="0" height="400px" src="https://www.urban.com.au/developments?developer=PDG%20Corporation&amp;embeddable=map" width="100%"></iframe>
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Laurence Dragomir

Double delight: PDG releases new images of two key Melbourne projects

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Two firms with a history of development within the Monash National Employment and Innovation Cluster (MNEC) are angling for bigger projects.

Both Salta Properties and Cedar Woods are pushing plans which are larger than their previous respective developments within Monash. Salta is all but assured of the right to build a substantial office complex as an extension of its Nexus Corporate precinct whilst Cedar Woods is pushing for hundreds of new dwellings within its Jackson Green development.

At either end of the MNEC, both intended developments speak to the increasing scale of development expectations in the area. These expectations would only be enhanced by the State Government's proposed Melbourne orbital rail proposal which has two stations in the heart of MNEC.

<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/image70_11.jpg" rel="gallery-all" title="Image: Gray Puksand"><img alt="" class="image-article-full-width-580px" height="287" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image70_11.jpg?itok=QGVFLamR" title="Image: Gray Puksand" width="580"></a>

<figcaption>Image: Gray Puksand</figcaption></figure>Salta last week received backing for its proposed office complex at 633-647 Springvale Road, after nabbing the corner site for a reported $11 million during 2015.

Adjacent to Salta's existing Nexus Corporate precinct and spanning 2.4 hectares, the first phase of the Springvale Road development site found favour with Monash City Council and encompasses 21,226 square metres of net leasable area. That space is configured over two separate buildings with Gray Puksand undertaking the design.

Existing campus-style buildings within Nexus Corporate have traditionally been smaller in stature to date; the freshly completed Nexus 10 building holds in excess of 6,000 square metres of net leasable area. 

The upsizing of expectations for 633-647 Springvale Road also includes a very substantial 785 basement vehicle spaces, end of trip facilities and provision for 197 bicycle bays.

Two additional future buildings are slated for the balance of 633-647 Springvale Road, whilst Salta also has an eye toward delivering a high-rise hotel at <a href="/news/salta-pursues-mulgraves-first-hotel">12 Nexus Court</a> which sits within the initial Nexus Corporate precinct.

<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/image74_2.jpg" rel="gallery-all" title="Cedar Woods' latest alongside Gardenia Apartments progress during late August. Image: DKO Architecture"><img alt="" class="image-article-full-width-580px" height="205" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image74_2.jpg?itok=xH7zTD8G" title="Cedar Woods' latest alongside Gardenia Apartments progress during late August. Image: DKO Architecture" width="580"></a>

<figcaption>Cedar Woods' latest alongside Gardenia Apartments progress during late August. Image: DKO Architecture</figcaption></figure>Cedar Woods too is after more within their Jackson Green estate in Clayton South.

Midway between Westall and Huntingdale stations, the residential development has to date seen townhouse and small scale apartment stages built onsite. The gradual upswing in development size now sees the DKO Architecture-designed Gardenia Apartments under construction; it includes 74 dwellings over six levels.

Cedar Woods are now seeking approval for two additional residential buildings housing a combined 165 apartments. Also designed by DKO Architecture, the taller of the duo reaches 9 levels.

The intended apartment split for the project at planning which is sited over 1408-1418 Centre Road sees 20 single, 131 double and 12 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/img_6168.jpg" rel="gallery-all" title="A small section of the M-City site"><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_6168.jpg?itok=Ah9uT4MP" title="A small section of the M-City site" width="580"></a>

<figcaption>A small section of the M-City site</figcaption></figure>Whilst the above duo seek bigger development outcomes they are minuscule relative to the largest current development within the MNEC, which also happens to be the largest mixed-use development being delivered outside of Melbourne's CBD. Clayton's M-City is now at full construction with Multiplex overseeing works for the $1 billion project over a 35,000 square metre site.

Backed by Saraceno Group and Schiavello Group, M-City includes 643 apartments and serviced apartments, a 4.5 star Mantra hotel, up to 60 specialty retail spaces, 17,330 square metres of office space and 1,905 car parks supporting a projected population of about 4,000 residents, workers and shoppers.
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silvermb

Salta and Cedar Woods upsize their Monash intentions

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Cedar Woods has commenced construction of its third commercial building at 107 Overton Road, Williams Landing which is fully leased to the Victorian State Government for 15 years.

At a sod turning ceremony held on Friday 17 August, Wyndham City Council Mayor Cr Peter Maynard joined Cedar Woods’ Chief Operating Officer Patrick Archer and JGS Property’s James Service (representing purchaser Hellenic Property Investments), to officially break ground on the project

Accommodating up to 320 employees, the four-storey building will add 3,126 sqm (NLA) of new A-Grade Commercial office space outside the traditional CBD and city-fringe locations.

Designed by Gray Puksand, 107 Overton Road will target a 4.5-Star NABERS rating and will also include 92 car parks. Hacer Group has been appointed to deliver the project with completion anticipated in late 2019.

<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/107_overton_cbre.jpg" rel="gallery-all" title="107 Overton Road was forward sold to Hellenic Property Investments Pty Ltd. Image: CBRE"><img alt="" class="image-article-full-width-580px" height="366" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/107_overton_cbre.jpg?itok=iXFUpS7N" title="107 Overton Road was forward sold to Hellenic Property Investments Pty Ltd. Image: CBRE" width="580"></a>

<figcaption>107 Overton Road was forward sold to Hellenic Property Investments Pty Ltd. Image: CBRE</figcaption></figure>The building has been forward sold to Hellenic Property Investments Pty Ltd, a subsidiary of the Hellenic Club of Canberra, in July 2018 for $25.93 million.

Williams Landing is a 225-hectare masterplanned community that will feature approximately 2,400 dwellings on completion, comprising a diverse mix of housing typologies including traditional lots, terraces, semi-detached townhouses and apartments, supported by parklands and sporting facilities and a town centre.

Williams Landing will also be home to the new Target Australia headquarters, currently under construction and set to be completed at the end of 2018.

The 50-hectare Town Centre is located central to Williams Landing's four residential neighbourhoods and incorporates its own shopping centre, transport hub, freeway interchange and regional bus interchange .

The Shopping Centre offers the full range of retailers and services you’d expect including a Woolworths supermarket, medical centre, dental clinic, chemist, childcare, gym, licenced restaurants, cafés and over 20 specialty retailers.

<h2>What they say...</h2>

<blockquote>
We are excited to be bringing the Victorian State Government to what is quickly becoming a white-collar employment precinct in the western suburbs of Melbourne. The commencement of construction of our fourth office building marks another milestone for Williams Landing.

Employers continue to value our excellent train and road access and proximity to the Melbourne CBD and western suburbs workforce along with the retail, leisure and services amenities at Williams Landing Town Centre.” says Mr Archer.

Wyndham is one of the country’s fastest growing municipalities and we are pleased to be delivering over 1,400 new jobs to Williams Landing once our Target HQ, 111 Overton and 107 Overton are completed by the end of 2019.

- Patrick Archer, Cedar Woods’ Chief Operating Officer
</blockquote>

<blockquote>
 
With Wyndham outgrowing cities like Greater Geelong, the jobs that this project will bring to our City are indeed welcome. This is an exciting development and we look forward to hosting the Victorian State Government in Wyndham.

- Cr Walter Villagonzalo, Wyndham City’s Future Focused Economy Portfolio
</blockquote>

Lead Image: L-R: Cr Aaron An, Cr Peter Maynard, James Service (JGS Property), Patrick Archer, Cr Walter Villagonzalo | Photo credit: Daniel Pockett
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Cedar Woods breaks ground on Williams Landing's next office building

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Monash City Council has provided Salta's latest pursuit within their Nexus Corporate mixed-use precinct a Notice of Decision to Grant a Planning Permit, with final approval little more than a formality. Last month Apartments.com.au <a href="/news/salta-pursues-mulgraves-first-hotel">outlined</a> the mixed-use proposal at 12 Nexus Court, which now stands to become Mulgrave's tallest building.

Indicative renders suggest that Tribe Hotel Group may have earmarked Salta Properties' intended Mulgrave mixed-use development as their second Melbourne port of call.

<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/image92_3.jpg" rel="gallery-all" title="12 Nexus Court in full. Planning image: Gray Puksand / Technē"><img alt="" class="image-article-full-width-580px" height="684" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image92_3.jpg?itok=68C163kW" title="12 Nexus Court in full. Planning image: Gray Puksand / Technē" width="580"></a>

<figcaption>12 Nexus Court in full. Planning image: Gray Puksand / Technē</figcaption></figure>139 residential hotel rooms are expected within the 'pod' aspect of the building designed jointly between Gray Puksand and Technē.

The application documents presented for approval sees the building sporting Tribe signage on the distinctive bronze hotel component, although no agreement between either developer or hotel operator has been publicly announced.

<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/image93_5.jpg" rel="gallery-all" title="12 Nexus Court rendered in place alongside the Monash. Planning image: Gray Puksand / Technē"><img alt="" class="image-article-full-width-580px" height="371" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image93_5.jpg?itok=_Z5_pknh" title="12 Nexus Court rendered in place alongside the Monash. Planning image: Gray Puksand / Technē" width="580"></a>

<figcaption>12 Nexus Court rendered in place alongside the Monash. Planning image: Gray Puksand / Technē</figcaption></figure>What isn't in doubt is Tribe Hotel Group nominating Collingwood as their first Melbourne location.

Earlier this year the relatively new yet bullish hotel operator entered into a joint partnership with Salta Properties and Victor Smorgon Group, with an eye toward <a href="https://www.traveldailynews.asia/tribe-hotel-group-acquires-property-site-from-peregrine-pro">developing 60 Langridge Street</a>. Fellow developer Peregrine Projects divested itself of the 1,056 square metre Collingwood site late last year, which formed part of a larger land holding.

Colliers agent Guy Wells said the following of the Tribe Collingwood project:

<blockquote>
Given the surrounding lifestyle amenity of Smith and Gertrude Streets and the ongoing office development in the area, with over 30,000m2 of office to be developed in the short to medium term, Collingwood has been sought after by numerous hotel developers and operators.

A Tribe hotel will work seamlessly with the growing corporate and existing leisure market in the Collingwood area.
</blockquote>

The Collingwood, and potentially Mulgrave Tribe Hotel locations follow on from the operator's first Australian property in Perth which opened during June last year, and includes 126 hotel rooms across 7 levels. Tribe Hotel Group's expansion plans have reportedly seen the operator acquire sites in Hobart and Adelaide as well.

<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/a20170817121120.jpg" rel="gallery-all" title="60 Langridge Street has been hived off a larger development site. Image: CRE"><img alt="" class="image-article-full-width-580px" height="435" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/a20170817121120.jpg?itok=k-V_d00X" title="60 Langridge Street has been hived off a larger development site. Image: CRE" width="580"></a>

<figcaption>60 Langridge Street has been hived off a larger development site. Image: CRE</figcaption></figure>
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Nexus Court's hotel receives the nod

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Should Salta Properties gain approval, it will have the right to deliver Mulgrave's first hotel of any note.

Late last year the developer initiated a planning application for a mixed-use building at its Nexus Corporate office park that abuts the Monash Freeway. Under its 12 Nexus Unit Trust entity, Salta Properties is seeking to add the substantial 14 level tower for the purposes of serving the current and future predominantly commercial buildings in the immediate precinct.

Dominated by low-rise campus-style office buildings, 12 Nexus Court would be comfortably taller than any surrounding buildings at 48 metres in height. 

To that end, project architects Technè and Gray Puksand have pushed the project to a heightened degree of design prowess relative to its neighbours; 12 Nexus Court is effectively expected to become Nexus Corporate's showpiece building. 

<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/image314.jpg" rel="gallery-all" title="12 Nexus Court. Planning image: Technè - Gray Puksand"><img alt="" class="image-article-full-width-580px" height="289" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image314.jpg?itok=fOcGNl4u" title="12 Nexus Court. Planning image: Technè - Gray Puksand" width="580"></a>

<figcaption>12 Nexus Court. Planning image: Technè - Gray Puksand</figcaption></figure>The 139 residential hotel rooms span levels 8 to 14, with the 'pod' aspect of the design defined by distinctive overhangs and a serrated or modular-like facade.

According to Hollerich Town Planning "the residential hotel component has specifically been designed so as to present as a built form element with a different appearance, using clearly different materials and colours and a rectangular form against the curved nature of the podium and office elements."

It's the curved podium that holds the balance of 12 Nexus Court's uses. A porte-cochere, lobby, bar, lounge, end of trip facilities and bicycle parking are present at ground level. Thereafter the bulk of the structure accommodates 387 car parking spaces and 1,821 square metres of office space across levels 8 to 10.

A gym and substantial ASPECT Studios-designed landscaped area atop the podium accounts for the area between the office and residential hotel.

<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_8090.jpg" rel="gallery-all" title="10 Nexus Court is approaching completion"><img alt="" class="image-article-full-width-580px" height="373" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/img_8090.jpg?itok=3uKkoTvq" title="10 Nexus Court is approaching completion" width="580"></a>

<figcaption>10 Nexus Court is approaching completion</figcaption></figure>12 Nexus Court is seemingly in stark design contrast to the adjoining office building. The latest project approaching completion for Salta Properties at their Mulgrave corporate park is 10 Nexus Court, which is in the hands of builder Hacer.

The purely commercial office building spans 5 levels or 8,370 square metres and maintains an almost regimented aspect to Springvale Road and the Monash Freeway. 10 Nexus Court's strong vertical lines will contrast against the finer horizontal lines that stand out as one of 12 Nexus Court's stronger visual features.

10 Nexus Court is also the design of Gray Puksand.
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Salta pursues Mulgrave's first hotel

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Melbourne's west may not be the epicentre of commercial development, but a trickle of projects is casting a light on the areas potential for future commercial growth.

The recent announcement that Target Australia will move its national headquarters to Williams Landing serves to bolster the west's profile, whilst also providing developer Cedar Woods with a premium tenant for their masterplanned development.

Located opposite Williams Landing station, designed by Gray Puksand and with Hacer on board as builder, the new 8 level commercial development is chasing an A Grade rating from the Property Council of Australia. It's 3,000sqm floor plates will enable Target departments to be connected, encouraging interaction and collaboration between all areas of the company.

Gray Puksand also have the design reigns over the other noteworthy commercial project in this span of Melbourne, namely VicRoads' new Sunshine offices.

<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/image129_1.jpg" rel="gallery-all" title="Target's new headquarters. Image: Gray Puksand"><img alt="" class="image-article-full-width-580px" height="435" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image129_1.jpg?itok=ix_VbqY4" title="Target's new headquarters. Image: Gray Puksand" width="580"></a>

<figcaption>Target's new headquarters. Image: Gray Puksand</figcaption></figure>The Williams Landing project which falls within a Priority Development Zone as mandated by the Victorian Government, is set to attract 850 new employees to the area.

At the time of the announcement, Cedar Woods COO Nathan Blackburne outlined what the Target deal means to the west:

<blockquote>
Target’s move to Williams Landing signifies the increasing breadth and depth of economic activity occurring in Melbourne’s western growth corridor and reinforces Williams Landing’s appeal as an attractive and growing commercial centre. We anticipate Target’s move will stimulate interest from other leading businesses seeking to base themselves at Williams Landing.
</blockquote>

Valued at $37 million and spanning 12,600 square metres, the new 8 level slab on ground commercial building also includes 2 retail tenancies and parking for 466 vehicles. Robert Puksand, Founding Partner at Gray Puksand describes the splay of the building relative to its corner location:

<blockquote>
A lively façade design creates a pedestrian friendly backdrop to the external piazza created on the corner. A multi-coloured, dynamic façade design shrouds the building to create a landmark statement within the precinct.
</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/image122_1.jpg" rel="gallery-all" title="Sunshine's new VicRoads office is rapidly taking shape. Image: ABD Group"><img alt="" class="image-article-full-width-580px" height="435" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image122_1.jpg?itok=tYlVVMaY" title="Sunshine's new VicRoads office is rapidly taking shape. Image: ABD Group" width="580"></a>

<figcaption>Sunshine's new VicRoads office is rapidly taking shape. Image: ABD Group</figcaption></figure>Form and colour are also on show in Sunshine as builder ABD Group pushes toward structural completion of the Withers Street development. The new VicRoads building spans 7 levels and includes ground level retail.

Both projects fall within identified nodes for future development and are in their own way vanguard projects for their respective areas.

Whilst the VicRoads projects falls within the greater Sunshine National Employment and Innovation Cluster, Target's new headquarters is within a Priority Development Zone adjacent to the East Werribee Employment Precinct which itself is expected to create another 58,000 jobs.

<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/image223.jpg" rel="gallery-all" title="VicRoads is expanding i Sunshine. Image: Gray Puksand"><img alt="" class="image-article-full-width-580px" height="326" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image223.jpg?itok=YBT4tLPh" title="VicRoads is expanding i Sunshine. Image: Gray Puksand" width="580"></a>

<figcaption>VicRoads is expanding in Sunshine. Image: Gray Puksand</figcaption></figure>
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Target's Williams Landing HQ a boon for the west's commercial prospects

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City of Monash planners have recommended that Singapore-backed <a href="/developers/frasers-property">Frasers Property Australia</a> along with project partner Commercial &amp; Industrial Property (CIP) be allowed to proceed with a multi-staged commercial development that would become one of suburban Melbourne's largest.

Subject to a raft of conditions, the proposal which includes in excess of 60,000sqm of commercial office space is poised to account for a vacant site at <a href="/developments/mulgrave-vic-3170">254-294 Wellington Road, Mulgrave</a>. With a development cost of $120 million, the scheme displaces Peters Ice Cream which have occupied the site since 1964.

Peters have moved the bulk of their operations to an adjoining complex, allowing Frasers and CIP to roll out plans for a portion of the 133,259sqm site.

Four separate 8 storey commercial buildings are envisaged; each includes between 13,739sqm and 15,692sqm of leasable space. Designed by Max Architects, 254-294 Wellington Road also sees four multi-storey car parks with an accumulated 2,497 parking spaces, provisions for bicycle parking in each building and a cafe/food tenancy within the ground level of each office building.

An existing heritage building fronting Wellington Road will be maintained and amalgamated into the development.

<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/building_c.jpg" rel="gallery-all" title="211 Wellington Road's Building C. Image: Colliers"><img alt="" class="image-article-full-width-580px" height="302" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/building_c.jpg?itok=f97h5lEM" title="211 Wellington Road's Building C. Image: Colliers" width="580"></a>

<figcaption>211 Wellington Road's Building C. Image: Colliers</figcaption></figure>The developers play for the vacant 254-294 Wellington Road parcel comes months after work wrapped up on 211 Wellington Road.

Diagonally opposite the Peters site, 211 Wellington Road is a mixed-use project primarily consisting of three commercial buildings. Mazda National Headquarters, Monash University, BSN Medical and BMW Finance are the headline tenants within the project.

Falling under the Monash National Employment and Innovation Cluster which sees <a href="https://vpa.vic.gov.au/project/monash-employment-cluster/">Melbourne’s largest concentration of jobs outside the CBD</a>, Frasers and CIP will be hoping that the success of their 211 Wellington Road project is repeated at their new, and considerably larger commercial development across the road.

As large as it is, 254-294 Wellington Road is not the sole commercial development currently on the radar in the area.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image42_2.jpg" rel="gallery-all" title="Goodman Group and Salta Properties latest offerings within Monash"><img alt="" class="image-article-full-width-580px" height="219" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image42_2.jpg?itok=TOeF1KBg" title="Goodman Group and Salta Properties latest offerings within Monash" width="580"></a>

<figcaption>Goodman Group and <a href="/developers/salta-properties">Salta Properties</a> latest offerings within Monash</figcaption></figure>Also in Mulgrave, builder <a href="/builders/hacer-group">Hacer</a> has recently taken on 10 Nexus Court. The 6,000sqm Gray Puksand-designed building is the latest commercial project under construction for Salta Properties within their sprawling Nexus Corporate Precinct.

As that precinct is rounded out by 10 Nexus Court, Salta Properties will move their attention to an adjoining development site at <a href="/news/salta-and-cedar-woods-upsize-their-monash-intentions">647 Springvale Road</a>, with an eye toward additional commercial offerings.

Meanwhile Goodman Group is seeking tenants for dual new office buildings within their Ferntree Business Park at 296-324 Ferntree Gully Road, Notting Hill. Buildings Buildings D + N are in the pipeline, and may add as much as 14,500sqm of space to that particular precinct.

Ferntree Business Park is also set to host a Quest serviced apartment complex according to current construction tenders for that particular project.
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A commercial mini city beckons as Melbourne's southeast flourishes

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Melbourne's latest public vertical high school is edging closer to reality. After being officially revealed last month by the Victorian School Building Authority, Prahran High School's construction tender is drawing to a close.

The facility will be Melbourne's third vertical high school, following on from examples in South Melbourne and Richmond.

On a site fronting High Street, demolition on the Gray Puksand-designed project is underway and construction will begin mid year, with the intention of being student ready by Term 1, 2019. 650 students across years 7-12 will be accommodated within the project which is valued at $25m.

<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_5.jpg" rel="gallery-all" title="Prahran High School. Image: Gray Puksand"><img alt="" class="image-article-full-width-580px" height="226" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image45_5.jpg?itok=zzE_kmn_" title="Prahran High School. Image: Gray Puksand" width="580"></a>

<figcaption>Prahran High School. Image: Gray Puksand</figcaption></figure>In addition to traditional learning and library spaces, Prahran High School will also boast break out areas, a gym, an outdoor running track/recreational area and a passive green area. Outdoor terraces will also be included across each level.

The evolution of public schooling within Melbourne's inner suburbs is a fairly recent event, headlined by the South Melbourne Primary School who's design was awarded the Future Project of the Year at the 2016 World Architecture Festival Awards. It is now heading skyward with the initial ground works giving way to the steel structure that will form the support for the six storey build.

Completion is still earmarked for the end of this 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/img_7856.jpg" rel="gallery-all" title="SMPS is on the rise"><img alt="" class="image-article-full-width-580px" height="430" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/img_7856.jpg?itok=KvixkHrx" title="SMPS is on the rise" width="580"></a>

<figcaption>SMPS is on the rise</figcaption></figure>The vertical nature of the South Melbourne, Richmond and Prahran projects has allowed for an equal of greater number of students to be accommodated on a fraction of the land required relative to traditional school campuses. The new South Melbourne and Richmond campuses have incorporated communal facilities with their respective builds.

Prahran High School on the other hand will be built within the existing educational precinct which includes Melbourne Polytechnic and the National Institute of Circus Arts.

1,800 additional students will be accommodated across the three projects.
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Prahran's vertical school nears as South Melbourne PS powers ahead

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It's been an eventful few weeks for Sydney-based DEXUS Property Group in its Melbourne sphere of operations. Whilst a number of big ticket items have grabbed the headlines, the real estate group has managed to secure all but final approval for one of suburban Melbourne's largest commercial developments.

City of Monash have green lighted DEXUS's plans to greatly expand their Axxess Corporate Park within Mount Waverley.

Lodged with Council during 2015, DEXUS proposed dual office buildings and an associated multi deck car park at 11-21 Gilby Road, Mount Waverley. Designed by Gray Puksand, the development would carry a development cost of $61 million and encompass a commercial NLA of 19,950sqm.

This would position the development as one of suburban Melbourne's largest pending commercial developments.

Supplementing the commercial space is 1,260sqm of retail space, communal landscaped amenities and a massive 1,009 car parking spaces. Currently listed as Planning Permit to Issue, final approval looks to be a formality.

<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/image38_4.jpg" rel="gallery-all" title="Elevations of the approved office buildings. Planning image: Gray Puksand"><img alt="" class="image-article-full-width-580px" height="238" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image38_4.jpg?itok=ZYtfm6Kq" title="Elevations of the approved office buildings. Planning image: Gray Puksand" width="580"></a>

<figcaption>Elevations of the approved office buildings. Planning image: Gray Puksand</figcaption></figure>It was <a href="http://www.theaustralian.com.au/business/companies/dexus-offloads-melbournes-southgate-complex-for-578m/news-story/349a19743a8d46fa21a6d32a73759641">reported over the weekend that DEXUS Property Group has sold the Southgate Complex</a> for $578 million. This still leaves the outfit with a strong asset sheet across inner Melbourne, including properties such as 8 Nicholson Street, 180 Lonsdale Street within QV and 360 Collins Street.

Listed on the Apartments.com.au Project Database are two substantial commercial developments under the DEXUS banner with approval, and which have yet to be acted upon. 385 Bourke Street is a Grimshaw Architects-designed expansion seeing additional commercial NLA of 24,000sqm added whilst Flinders Gate at 172 Flinders Street is subject to a scheme with an additional 20,000sqm in play.

<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/image35_6.jpg" rel="gallery-all" title="Future CBD commercial developments under the DEXUS banner"><img alt="" class="image-article-full-width-580px" height="265" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image35_6.jpg?itok=qJtWWBgf" title="Future CBD commercial developments under the DEXUS banner" width="580"></a>

<figcaption>Future CBD commercial developments under the DEXUS banner</figcaption></figure>Approval for Gilby Road follows on from the July approval for DEXUS' sole residential project in Melbourne located at 32-44 Flinders Street.

After the best part of two years at planning, the project has finally been given the green light to replace a 539 bay car park built over 10 levels. Constructed during 1998, the car park structure is now prime land which holds more value as a development asset.

SJB Architects have designed the project to contain near on 500 dwellings over two buildings.

With the Flinders Street car park asset now repositioned, DEXUS Property Group will choose between developing or onselling the site with a permit in place.

<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/image40_5.jpg" rel="gallery-all" title="Initial and abbreviated versions of 32-44 Flinders Street"><img alt="" class="image-article-full-width-580px" height="306" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image40_5.jpg?itok=9cFHeJkd" title="Initial and abbreviated versions of 32-44 Flinders Street" width="580"></a>

<figcaption>Initial and abbreviated versions of 32-44 Flinders Street</figcaption></figure>
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