There’s a quiet patch of <a href="https://www.apartments.com.au/developments/hawthorn-vic-3122">Hawthorn</a>, between the bustle of Glenferrie Road and the curve of the Yarra, that rarely sees change, and even more rarely, new apartments. But that’s exactly where <a href="https://www.apartments.com.au/developers/pomeroy-pacific-quattro-corp">PQD</a> is planting Kooyongkoot: a deliberate, 18-residence answer to the question of what downsizers actually want.

“This is something this pocket of Hawthorn has never seen before,” says Fil Gacesa, head of sales at PQD. “<a href="https://www.apartments.com.au/new-apartments/kooyongkoot-hawthorn-1-kooyongkoot-road-hawthorn-vic-3122">Kooyongkoot</a> will deliver just 18 large-scale apartments in the heart of Hawthorn. It is the true definition of resort-style living.”

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That scale is central to the story. It’s what allows for two dedicated lift cores, short corridors, and a generous lightcourt that draws natural ventilation and sunlight into every residence. It’s also what makes room for the sort of amenity usually confined to high-density towers: a fully equipped wellness centre with infrared and traditional saunas, yoga and pilates studio, cold therapy shower, and treatment room. There’s a golf simulator, car and dog wash stations, and extensive storage too, not bolted on, but baked in from the start.

But more than the checklist, it’s the design intent that carries weight. “This project has been many years in the making,” says Mark Pomeroy, Director of PQD. “Not just in planning, but in listening, to what our buyers and the local community are looking for”.

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That listening shows up in the materials, oak floors, natural stone, V-ZUG appliances, and in how space is handled. Penthouses feature private rooftop terraces with pools. Terraces and garden residences embrace outdoor connection. Inside, the layouts skew large and open, geared for hosting, not just housing.

Architecturally, <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>’s approach is grounded. There’s no reaching for spectacle here. Instead, the building offers a sculptural calm, anchored by landscaping from Eckersley Garden Architecture.&nbsp;

“We wanted to create spaces that feel expansive, serene, and meaningfully connected to daily life,” said founding partner Chris Stribley elsewhere.

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That sentiment, calm, connection, echoes in the location itself. Kooyongkoot sits just a short stroll from Central Gardens, Fairview Park, and the Rivoli Cinema. Tram lines and schools are close, but the street is tucked, quiet, and leaf-lined.&nbsp;

“Residents of Kooyongkoot will be a short stroll from Fairview Park, Central Gardens, and the Glenferrie Road retail strip," Gacesa notes, "but you're also cocooned in this peaceful pocket behind extensive landscaping by Eckersley Garden Architecture.”

Kooyongkoot is set for completion in late 2026.

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Staff Writer

The project that said no to compromise: Inside Kooyongkoot, Hawthorn

When long-time Ivanhoe locals Graeme and Catherine, decided it was time to downsize, they weren’t necessarily in a rush.&nbsp;

Like many in their stage of life, they had started thinking about apartment living, but anticipated making the shift in two to three years.

That timeline changed when they visited <a href="https://www.urban.com.au/new-apartments/candela-ivanhoe-40-upper-heidelberg-road-ivanhoe">Candela</a>, a new boutique development by <a href="https://www.urban.com.au/developers/salter-brothers">Salter Brothers</a>. The project ticked all the boxes they were looking for: location, quality design, and long-term lifestyle benefits, which prompted them to bring their decision forward.

“It was the right place at the right time,” they said. “We knew immediately it ticked all the boxes, and we didn’t want to wait.”

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Their decision to downsize was driven by a combination of practical needs and lifestyle considerations. Their existing home, while much loved, had become increasingly difficult to maintain. It spanned multiple levels, included extensive front and back gardens, and was starting to show the wear that comes with age.&nbsp;

They were looking for a more manageable lifestyle, one with less upkeep and more freedom. A brand-new apartment with no maintenance requirements and the ability to simply “lock up and leave” gave them peace of mind and a greater sense of control over their future.

Financially, the purchase made sense as well. The available stamp duty savings, strong price-to-value offering, and timing of the settlement suited their plans, making the transition smoother and more cost-effective. The apartment's design and inclusions further supported their choice.

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The layout was both functional and flexible: three bedrooms, a butler’s pantry, a separate laundry, and a large open-plan living area. It gave them the freedom to host a family, accommodate guests, or set up a home office. The expansive balcony and elevated views added to the appeal, providing a sense of openness and connection to the outdoors.

“It just had a really good flow,” Catherine noted, something they found lacking in many other apartments they’d considered, particularly in the established market.

Candela’s boutique scale was another deciding factor. With a smaller number of residences and a top-floor penthouse position, the couple felt the development offered the privacy and space they were looking for, without feeling isolated.

“We liked that it wasn’t a huge development. It felt well-balanced, modern but still with a sense of community, not overwhelming,” they said.

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Equally important was the ability to remain in Ivanhoe, a suburb they know well and have deep roots in. After 46 years in the area, proximity to local parks, shops, and familiar faces mattered just as much as the apartment itself.

“We didn’t want to give up the community we’ve known for decades. Candela allowed us to upgrade our lifestyle while staying in the place we call home.”

With a Walk Score of 90, the village location supports a convenient, connected lifestyle. <a href="https://www.apartments.com.au/developments/ivanhoe-vic-3079">Ivanhoe</a> Station is just a eight-minute walk away, and the neighbourhood offers access to parks, cafes, restaurants, and schools along Upper Heidelberg Road, all within easy reach.

Beyond the apartment, the couple also saw value in the broader vision for Candela, one that integrates residential living with public spaces and local amenities.&nbsp;

The development introduces 58 new apartments as well as a mix of commercial and social spaces that integrate contemporary architecture with the suburb’s existing character.&nbsp;

At ground level, residents will find a charming café and a lifestyle wellness centre, perfect for unwinding and rejuvenating. Meanwhile, the rooftop garden offers a stunning vantage point for residents to enjoy breathtaking sunsets, host gatherings, or enjoy barbecues with family and friends. It's not just a place to live; it's a vibrant community where every moment is an opportunity to connect and create lasting memories.

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Why Ivanhoe locals are choosing to downsize to Candela

Mark and Roy Makari are expanding their presence in Sydney’s South West with a second major proposal for Leppington, this time envisioning a 900-dwelling mixed-use development just 850 metres from their previously lodged tower trio on Fifth Avenue.

Project management and construction management firm Creative Vision filed the plans for the&nbsp;multi-building project at <a href="https://www.apartments.com.au/new-apartments/230-rickard-road-leppington-nsw-2179">230 Rickard Road, Leppington</a>. The proposal seeks to establish a new focal point for the precinct through a high-density, transit-oriented development supported by diverse land uses.

According to the Scoping Report prepared for the Department of Planning, the scheme includes around 900 apartments across multiple towers, including 135 dwellings designated for affordable housing. A mix of market and subsidised apartments will be supported by ground-level activation through retail and office space, a childcare centre, and a hotel, forming a comprehensive urban precinct.

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The Design Report by <a href="https://www.apartments.com.au/architects/studiosc-0">Studio SC</a> notes that the project “intends to deliver a high-quality, high-density built form that supports the vision for the Leppington Town Centre, integrating mixed-use outcomes and public domain upgrades.” The development is expected to be delivered in stages, although a precise timeline is yet to be confirmed.

The project will be assessed through a future State Significant Development Application, with the Scoping Report indicating the team will seek design excellence via a competitive process or through an expert design review panel. Early massing diagrams suggest a series of mid- to high-rise buildings framing a central landscaped spine, with emphasis on pedestrian permeability and public space.

The planning documentation flags a strong sustainability agenda, stating that the development will “respond to the urban heat island effect, incorporate water sensitive urban design, and prioritise active transport”.

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The proposal follows in the footsteps of the Makaris’ nearby Fifth Avenue site, where they’ve submitted plans for three towers comprising nearly 500 apartments, with 10 per cent dedicated to affordable housing. That project features commercial podiums, a childcare centre, and a new public park that would occupy more than a third of the site.

Both developments are situated within walking distance of Leppington Train Station and fall under strategic precinct plans promoting higher density housing. The town centre is undergoing substantial transformation, driven by state government planning reforms aimed at fast-tracking housing delivery.

Together, the two projects represent a combined ambition of nearly 1,400 new homes across just under two kilometres of central Leppington.

First look: 900-home mixed-use precinct planned for Leppington

Leading Australian integrated property development group, <a href="https://www.apartments.com.au/developers/aqualand-australia">Aqualand</a>, has released the signature penthouses crowning its landmark AURA by Aqualand precinct at 168 Walker Street in North Sydney, unveiling Il Magnate and La Divina as the largest and most luxurious penthouses in the suburb.

With prices anticipated to commence from $15 million, and each accompanied by a new Porsche Carrera 911 valued at over $500K, the residences mark the culmination of <a href="https://www.apartments.com.au/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">AURA by Aqualand</a>’s decade-long journey and the beginning of its final sales chapter. 
&nbsp; 
Their release follows more than $850 million in record-breaking residential sales and the building’s completion and occupation.

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The Richards Stanisich-designed 284 sqm Il Magnate and 224 sqm La Divina penthouses, collectively known as The Icons of AURA, are conceived as grand luxury homes rather than apartments, with expansive proportions, elevated materiality and curated identities that reflect their status as one-off residences.&nbsp;

Il Magnate features a grande master suite, complete with substantial walk-in dressing area and ensuite, three other bedrooms, second ensuite and another bathroom, powder room, open plan kitchen, scullery, substantial dining area and generous living room divided by a feature fireplace, and a multifunction wintergarden, which is ideal for a study and adjoining office breakout space. &nbsp;

Meanwhile, the La Divina residence offers the same amenities, sans the powder room, on a slightly smaller alternate floor plan configuration.

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Each occupies half of AURA by Aqualand’s topmost 28th level, comes with four secure car spaces and pairs sweeping Sydney Harbour panoramas with large-scale living spaces, refined detailing and a level of craftsmanship and amenity rarely offered in the North Shore market.&nbsp;

Penthouse residents will also receive Etymon’s ‘Black Key’ private concierge and lifestyle management service, an invitation only offering providing the ultimate in bespoke personalisation, including a range of everyday discrete services, from dinner party management, grocery deliveries, pet feeding or plants watered, dinners, snacks and coffee deliveries, event ticket sourcing, right up to organising travel visas and international airfares. Rarely seen in Australian properties, the service provides residents the benefits of living in a world-class luxury hotel-style home, akin to The Ritz, or the Waldorf Astoria.

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<a href="https://www.apartments.com.au/interior-designers/richards-stanisich">Richards Stanisich</a>’s Director, Kirsten Stanisich, said the studio set out to craft residences that feel profoundly considered, contemporary and deeply connected to their setting.

“From the outset, we approached these penthouses with the sensibility of a grand Parisian residence - generous in scale, elegant in proportion and designed to feel more like a handcrafted home than an apartment," Stanisich said.

“Their elevated position and sweeping harbour outlook informed every decision, creating a rare connection between urban sophistication and natural calm. We shaped each space with expressive materiality, sculptural forms and bespoke detailing that invite touch and interaction.&nbsp;

“The result is a pair of residences defined by volume, light and an inherent softness - refined, flexible and deeply personal. These penthouses are unlike anything else in North Sydney, offering a sanctuary of true luxury framed by some of the city’s most remarkable views.”

For Aqualand’s Head of Sales &amp; Marketing, Alex Adams, the collaboration with Porsche underscores the shared ethos behind the residences.

“Aqualand’s collaboration with Porsche underpins both brand’s sharing an obsession with craftsmanship, design excellence, and enduring value," Adams said.

“Our penthouses are created for those who appreciate the finer details and expect the extraordinary at every touchpoint. Including a Porsche simply extends that experience beyond the residence - it’s a continuation of the lifestyle our buyers already live.”&nbsp;

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Aqualand’s Managing Director, Jin Lin, said the penthouses represent both the pinnacle of AURA by Aqualand and an important design benchmark for the company’s future pipeline.&nbsp;

“These stunning penthouses reflect the purest expression of Aqualand’s design ambition," Lin said.

“The unparalleled design intent makes them not only the glistening crown of AURA by Aqualand, but the crown of North Sydney itself. They’re essentially a thank you gift to a burgeoning community that deserves this level of quality and architectural consideration.&nbsp;

“We’re leveraging the unrivalled standard set here as the foundation for what comes next, including our upcoming Anderson Street, Chatswood; 15 Blue Street, North Sydney and Central Barangaroo projects. Purchasers of these penthouses will essentially be living inside the blueprint of Aqualand’s future.

“These landmark residences demonstrate how far North Sydney has evolved and the strength of demand for highly curated, bespoke luxury homes. They’re more than penthouses, they’re legacy residences.&nbsp;

“With AURA by Aqualand now a thriving new precinct with residents well and truly settled, and our in-house world-class lifestyle amenity activated, Il Magnate and La Divina represent a once-in-a-lifetime opportunity to secure an extraordinary piece of North Sydney’s future.”

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Joel Robinson

Aqualand launches North Sydney penthouses with free Porsche Carrera 911

<a href="https://www.apartments.com.au/developments/bokarina-qld-4575">Bokarina</a> Beach has quietly evolved into one of the Sunshine Coast’s most complete coastal lifestyle precincts, defined not just by proximity to the ocean, but by how residential living, local retail and everyday amenity are stitched together.&nbsp;

Gardner Vaughan Group’s <a href="https://www.apartments.com.au/new-apartments/bask-bokarina-38-bokarina-boulevard-bokarina-qld-4575">Bask Bokarina</a> now represents the final residential chapter in that transformation.

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Over recent years, the Bokarina Beach precinct has taken shape as a walkable, community-oriented neighbourhood, anchored by beachfront access, Lake Kawana to the west, and a growing mix of cafés, specialty retail and public open space.&nbsp;

With Zinc Bokarina already delivered next door by <a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a> (GVG), Bask is the last opportunity to buy a brand new apartment within the precinct, effectively rounding out a fully formed coastal village.

GVG has positioned Bask to strengthen that lifestyle framework. Ten ground-floor retail spaces are planned beneath the residences, extending Bokarina Boulevard’s existing activity and reinforcing the area’s everyday convenience, from casual dining and coffee to local services, within a short walk of the beach.

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The residential component comprises 135 apartments across two buildings, Mydas and Caretta, with a clear shift toward larger three- and four-bedroom layouts and penthouses. That mix reflects a maturing buyer profile in Bokarina, where demand is increasingly led by owner-occupiers and active downsizers seeking space, permanence, and connection to place rather than short-term coastal accommodation.

Design and amenity have followed the same logic. Residents will have access to a heated plunge pool, gym, private dining room with a full kitchen, landscaped communal gardens with barbecues and a firepit, and a shared herb and vegetable garden, facilities intended to support daily use rather than resort-style turnover. Pet-friendly features, including a dog wash bay, acknowledge both buyer expectations and the area’s dog-friendly beach, located around 250 metres from the site.

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“Bokarina has become one of the Sunshine Coast’s most desirable beachside communities, and Bask represents the very last chance to buy new in this location,” GVG Director Sam Gardner said.&nbsp;

“Our focus has been to create spacious, functional apartments that meet the needs of locals who want to downsize without compromise, as well as those seeking a full-time coastal retreat.”

Positioned between the Pacific Ocean and Lake Kawana, Bask apartments have been oriented to capture outlooks toward the water or the Glass House Mountains, reinforcing the project’s connection to its natural surroundings. With parks, beachfront paths, hospitals, retail and public transport already in place, Bask arrives at a point where the broader precinct is no longer emerging, but established.

Construction is expected to complete in Q3 this year, with apartments ready to move into this Spring.

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Bask to complete Bokarina’s Sunshine Coast lifestyle precinct as final apartments are released

Iris Capital

Sam Arnaout's Iris Capital has received the nod from Gold Coast City Council to deliver its second Gold Coast project on the burgeoning Garfield Terrace beachfront.

Rising 38 levels and encompassing 51 apartments and a dual storey beach house, the project will be aptly named ‘71 on Garfield’ after its 71-73 Garfield Terrace positioning.

The announcement comes just days after the developer announced the start of construction on its debut Queensland project, the $1 billion V&amp;amp;A Broadbeach, which has been the epicentre of a $200 million buying blitz in the recent months since its launch.

Iris Capital has set its sights a stone’s throw north to Garfield Terrace where the DA approval has paved the way for the developer to deliver a generous collection of spacious half floor and full floor arrangements catering to the end user market.

Floorplans will range from three-bedroom half floor layouts, through to four-bedroom + study full floor apartments with their own private plunge pool. The tower will be crowned by an exclusive collection of dual storey five-bedroom sub penthouses and a triple storey penthouse complete with its own rooftop retreat.

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Iris Capital CEO Sam Arnaout said they are&nbsp;big believers in the Gold Coast, having witnessed the success in sales so far at V&amp;A Broadbeach.

"We are looking forward to following this up with the delivery of another high- class project in what is emerging as a very exclusive precinct,” Arnaout said.

“We see long term positive fundamentals for the Gold Coast. It’s a very desirable place to live and migration is very strong, as such there is always going to be demand for residences that complement the lifestyle people flock to the Gold Coast for.”

Level 24 of the tower will be dedicated to a suite of residential amenities including a swimming pool overlooking the Pacific Ocean, a gym, sauna, and outdoor barbecue and dining area.

The ultra-exclusive beach house offering will ground the development and offer a spacious four bedrooms and two living areas spread over two storeys. It will also offer its own private pool and courtyard area.

DBI has once again joined forces with Iris Capital to conceive the tower design which it describes as a “balance between fashion, craft, elegance and luxury”.

Rising 38 levels and encompassing 51 apartments and a dual storey beach house, the project will be aptly named ‘71 on Garfield’ after its 71-73 Garfield Terrace positioning

Iris Capital secure Garfield Terrace apartment approval

Iris Capital’s transformation of central Broadbeach has moved a step closer with the Gold Coast Council giving development approval for its $800 million V&amp;A apartments on the site of the Niecon Plaza.

Iris Capital’s CEO Sam Arnaout said the decision&nbsp;would pave the way for an anticipated construction start later this year.

“We’re absolutely delighted that the Gold Coast Council has seen the vision of V&amp;A and how it will play an enormous role in transforming Broadbeach,” said Arnaout.

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“We were very eager to get the approval to meet our timelines for delivery and we’re now focussing our attention on sales and marketing with the view of a construction start later this year.”

Taking its name from Broadbeach streets, Victoria and Albert, the project will comprise 398 apartments over two towers of 40 and 56 storeys, with a subtropical recreational podium, featuring two levels of premium offices and commercial facilities, and a fresh food and dining retail on the street level.

Design firm, DBI Architects, has curated a design referencing the coastal environment, moving away from smaller unit types to embrace the growing demand for larger apartments.

“V&amp;A Broadbeach presented a unique opportunity to create a lasting icon for the coastal precinct that can be appreciated by more than just its residents,” said DBI Director Raith Anderson.

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The lower floors will offer a mix of one, two and three-bedroom layouts while the upper residences will offer a mix of three-bedrooms, with both towers topped by sub‐penthouses and penthouses.

“Its design is quintessentially Gold Coast, from its lavish double beach shower and surfboards storages to its cascading subtropical landscaped terraces, V&amp;A is a rare product for those in pursuit of a coastal destination with the lifestyle and cultural variety of a cosmopolitan locale,” Anderson said.&nbsp;

Residents will live among world‐class amenities, with both towers offering an elevated recreational podium with a 25-metre lap pool, a gym, a yoga deck and resident’s lounge as well as kid’s area, a Zen garden, an outdoor dining and barbecue space, all surrounded by lush green landscaping.

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Both towers will feature spacious top floor owners-lounges complete with dining, yoga room, and office space, finished with high end, coastal furnishings.

Colliers’ Director Residential David Higgins said the project had been well received by the market and the council approval removed any impediments on the project.

“There is a great air of excitement about what V&amp;A will do to transform central Broadbeach,” said Higgins.

“The council has recognised the significance and merits of V&amp;A, and also acknowledged the incredible role that the project will play in the city’s cosmopolitan heart.

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“Unlike many of the projects that have been launched in recent years, V&amp;A will bring an air of sophistication to the cosmopolitan heart and provide apartments from which people can walk to everything they need,” he added.

V&amp;A Broadbeach would create the first high end residential, retail and culinary precinct in central Broadbeach since the Oracle towers more than a decade ago.

“Currently Broadbeach has plentiful luxury full-floor and half-floor three-bedroom-plus apartments on the market, but very few offer a choice of one, two and three-bedroom apartments with access to leading luxury amenity”, said Higgins.

“Historically Broadbeach has had a very strong family market and V&amp;A will bring this market right back into the frame. We’ve introduced a mix of product right in the heart of Broadbeach that attracts the family buyer, luxury downsizer and investors looking for solid returns as the Gold Coast grows out of the Covid lockdowns.”

&nbsp;

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“The project scores a 10 out of 10 for walkability located in the heart of Broadbeach in walking distance to the light rail, the casino, convention centre, the restaurant precinct and the beach and will bring a new type of residential apartments to the market that we have not seen for some time,” he noted.

Iris Capital,&nbsp;founded and led by entrepreneur Sam Arnaout, has extended its reach over the past decade to become a developer of&nbsp;integrated residential and mixed-use developments.

The company now holds a $5 billion enterprise value, having significantly expanded its footprint over the past year through the acquisition of 17 Ibis hotels from AccorInvest.

&nbsp;

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Design firm DBI Architects has curated a design referencing the coastal environment, moving away from smaller unit types to embrace the growing demand for larger apartments.



alisonwarters@gmail.com

Iris Capital get green light for $800 million Victoria & Albert, Broadbeach apartment towers

The Sydney-based developer Iris Capital has lifted the wraps on what buyers can expect from its highly anticipated $800 million Victoria &amp;&nbsp;Albert Broadbeach (V&amp;A Broadbeach) development, revealing that Broadbeach is set for a new era of relaxed sophistication with the landmark project.

V&amp;A Broadbeach, designed by award-winning Gold Coast architects DBI, brings together two individually designed towers of 56 and 40 storeys, created to complement the lifestyle and convenience of its location in the heart of Gold Coast’s cosmopolitan coastal suburb.

The project builds on the reputation of Iris Capital, led by leading Hotelier Sam Arnaout, for creating high quality integrated residential and mixed-use developments.

The east and west towers of V&amp;A Broadbeach will rise on the current site of Niecon Plaza and stretch across an entire city block from the Broadbeach Mall at Victoria Avenue to Albert Street, bringing to the market 399 apartments, extensive high-end retail and commercial offices.

&nbsp;

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The east tower, named Albert, will be dedicated exclusively for owner-occupiers and offer prime ocean views. The west tower, Victoria,&nbsp;will provide an opportunity for those looking for a holiday home and investors to gain a foothold in the most significant development in central Broadbeach since the Oracle more than a decade ago.

Each tower will boast its own premium lobby entry and the mixed-used project will be complemented by two levels of premium offices and commercial facilities and a retail arcade, in line with the existing uses of the site.

V&amp;A Broadbeach will become the new home of high-end retail on the Gold Coast with the ground floor offering elevated ceiling heights for the luxe retail experience. The twin towers will share a subtropical recreational podium on level four, giving access for all residents to world-class amenities such as a 25-metre lap pool, a fully equipped gym, a yoga deck and a resident’s lounge. The podium will also feature a children’s area, a Zen garden, and an outdoor dining and barbecue area adorned with lush green landscape.

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Amenities in the east tower are taken to the next level with an exclusive boutique residents’ lounge and the lavish double beach shower and surfboards storages to complement the iconic beach lifestyle at Broadbeach.

V&amp;A Broadbeach offers a mix of apartments in one, two and three-bedroom configurations, while upper residences will be available in three and four-bedroom styles. Both the east and west towers will be topped by two exclusive penthouses each.

“The apartments will be located from the fifth level on both of these towers, which greatly enhances view corridors on the lower-level apartments,” DBI director Raith Anderson said.

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“While there is a diversity of apartments in our design, V&amp;A Broadbeach firmly embraces the principle of creating larger residences to deliver lifestyle amenities for residents.”

The use of full-height windows and operable panels across all the living areas maximise the ocean views and bring natural lighting to the residences.

“While this development is notably within walking distance of all that Broadbeach has to offer, from the iconic beach to acclaimed restaurants and entertainment facilities, the larger residences and ancillary resident facilities create the ultimate in residential amenity,” said Colliers’ Director Residential David Higgins.

“Everything is at your fingertips if you choose, or you can remain at home to enjoy the benefits of supreme privacy, a beautiful outlook and unparalleled amenities.”

While the Gold Coast apartment market is currently dominated by local downsizers, Higgins said V&amp;A Broadbeach also held considerable appeal for interstate buyers and investors.

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“The mature buyer has been the big demographic shift on the Gold Coast, moving to owner occupiers seeking larger, well-appointed apartments in village locations close to the beach, transport and lifestyle amenity and this sums up the positioning of V&amp;amp;A Broadbeach in the current market,” he said.

“V&amp;A has been designed and orientated for the aspirational Broadbeach family buyers from Brisbane, Sydney and Melbourne, although there is strong interest from owners within the older existing Broadbeach apartment buildings where they predominantly holiday rent their properties.

“The west tower provides these buyers with many options, including the opportunity for strong holiday rental market income and personal use during major holiday periods for them and their families.”

The central Broadbeach location puts V&amp;A Broadbeach within walking distance of the beach, restaurants, Pacific Fair, The Star Casino, Kurrawa Surf Club and&nbsp;kids’ play areas in the adjacent parkland.

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The project builds on the reputation of Iris Capital, led by leading Hotelier Sam Arnaout, for creating high quality integrated residential and mixed-use developments

Inside the Victoria & Albert, Broadbeach apartment towers

Sydney-based developer Iris Capital saw strong sales results across their projects last year, with new Broadbeach development Victoria &amp; Albert outperforming 2020 results.

V&amp;A, an $800 million residential and commercial precinct, is expected to transform the heart of Broadbeach and create a vibrant new destination for the Gold Coast.

Designed for the coastal environment, V&amp;A will comprise a mix of one, two and three-bedroom apartments on the lower levels, while the upper residences will offer a mix of three-bedroom apartments, with both towers topped by sub‐penthouses and penthouses.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/yUXurXUgRSY" title="YouTube video player" width="560"></iframe>

David Higgins of Colliers International Gold Coast said the development is an exciting breakthrough for Broadbeach, thanks to the complexity of lifestyle and amenity on offer.

&ldquo;It is a pretty exciting milestone for the Gold Coast and, more especially, for Broadbeach because Broadbeach is really one of the most heavily developed lifestyle precincts&rdquo;, he said.

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&ldquo;The walkability of this location in the centre of Broadbeach, you can&#39;t replace.&rdquo;

Straddling both streets and the mall, the site ties Victoria Avenue and Albert Avenue together, whilst bringing the history of Broadbeach into the project with its name.

The largest tower to the west is Victoria, the &ldquo;crowning glory&rdquo;, while the smaller tower to the east is Albert.

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The two towers, designed by DBI Architects over a subtropical recreational podium, will home over 400 apartments, two levels of premium offices and commercial facilities and fresh food and dining retail on the street level.

The project boasts over 5,500sqm of dining, retail and A-grade commercial, adding to the strong hospitality offerings already available within the suburb.

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&ldquo;When we put a new arcade, new retail and dining, fresh food with some A-grade commercial, [V&amp;A] will be a very unique, new entrant into the Gold Coast lifestyle market&rdquo;, said Higgins.

In the six months to June 2021, the development team saw apartment sales 20 per cent ahead of the result for the entire year of 2020.

&ldquo;We expect next year to be as good, if not better&rdquo;, Higgins added.

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Iris Capital&rsquo;s decision to transform Newcastle and head north to Queensland was a very strong move, based upon the knowledge of the Gold Coast of Iris Capital chief executive, Sam Arnaout.

&ldquo;He saw the trends and he liked what he saw in Southeast Queensland&rdquo;, Higgins said in his interview with MediaHunt.

&ldquo;Obviously, last year [Queensland] had the best interstate migration [they] have had for 13 years, over 30,000 people, and we expect the next year to be better again.&rdquo;

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V&A, an $800 million residential and commercial precinct, is expected to transform the heart of Broadbeach and create a vibrant new destination for the Gold Coast

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Iris Capital see strong demand in Broadbeach at V&A following their move into the Queensland market

Victoria &amp; Albert is a landmark mixed-use development featuring two residential towers, Victoria Residences and Albert Residences

Colliers&rsquo; director residential David Higgins says the&nbsp;development is the first major apartment project in Broadbeach for the last five years.

A very strong family market, Broadbeach is back in the frame with this new oceanside precinct offering one, two, three and four-bedroom apartments with private amenities.

Urban has taken a look in detail at V&amp;A, and what buyers will like about the project.

1. Strong development team

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Developed by Iris Capital, with apartments designed by DBI Design, Victoria &amp; Albert residences are being delivered by a strong development team.

Founded and led by entrepreneur Sam Arnaout, Iris Capital now boasts more than&nbsp;$3.5 billion in enterprise value, significantly expanding over the past year after the acquisition of 17 Ibis hotels from AccorInvest.

The Sydney-headquartered development giant is behind the large-scale East End development in Newcastle, as well as other projects including Bondi&rsquo;s Grand and Potts Point&rsquo;s new Queensgate development.

&ldquo;We are no stranger to large scale projects and have built a reputation on our ability to deliver transformative developments that add remarkable value to their broader community,&rdquo;&nbsp;Arnaout said.

2. Broadbeach&rsquo;s most walkable new development

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&ldquo;V&amp;A is arguably the Gold Coast&rsquo;s most walkable new address&rdquo;, Arnaout said.

Located in the heart of Broadbeach, the project scores a 10 out of 10 for walkability, thanks to its close proximity to the light rail, casino and restaurant precinct.

Residents&rsquo; daily needs are just moments from their door, with Oasis Shopping Centre, which contains a Woolworths and other specialty retailers, only a two-minute walk from the residence.

Just four minutes&rsquo; drive away is the expansive surrounds of Pacific Fair, while Gold Coast airport is only half an hour away.

3. Resort-style living

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Both Victoria Residences and Albert Residences offer an elevated recreational podium that connects the two, featuring a 25-metre lap pool, gym, yoga deck and residents&rsquo; lounge.

Indoor and outdoor amenities are surrounded by lush, subtropical landscaping, including a zen garden and outdoor dining spaces in this sprawling beachside day club area.

Both towers also feature&nbsp;top-floor residents-only lounges, complete with dining, yoga room, offices and views across the Gold Coast skyline.

Hosting private functions are a breeze with two private dining rooms, each boasting an adjoining kitchen, one galley-style, along with a private wine cellar.

4. Ground-floor retail and dining

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A vibrant new retail arcade is on offer at the world-class Broadbeach address, with Victoria &amp; Albert boasting the first high-end residential, retail and culinary precinct in central Broadbeach since the Oracle towers more than a decade ago.

&ldquo;Just an elevator ride away, take a leisurely stroll and you&rsquo;ll be sure to find new restaurants and bars to sample, no matter which route you take&rdquo;, the project marketing reads.

The precinct boasts over 50 restaurants and cafés within 300 metres of its front door.

5. Ideal location

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Surrounded by beautiful natural landscapes, Victoria &amp; Albert invites outdoor leisure and recreation all year round.

Combined with a subtropical climate, it forms a breathtaking locale that residents will find a hard time abandoning.

Along the coastline, residents can enjoy a bike ride past Kurrawa and Mermaid Beaches, or a walk on the beach from the Spit.

Other neighbourhood recreational amenities include Burleigh Head National Park, Currumbin Wildlife Sanctuary and, for golf lovers, both the Southport and Burleigh Golf Clubs.

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Colliers’ director residential David Higgins says the development is the first major apartment project in Broadbeach for the last five years

Five things we love about the landmark Broadbeach precinct, Victoria & Albert

The demand for apartments at&nbsp;Iris Capital&rsquo;s $350 million Queensgate project in Potts Point has continued, with nearly half of the apartments accounted for following its launch just one month ago.

There were a further&nbsp;$20 million in sales during Sydney&rsquo;s traditionally quiet holiday period, taking the total sales tally to over $121 million.

Not often do interstate buyers head to Sydney, with the trend often the other way around, but the latest buying spree saw&nbsp;high-net-worth individuals from Brisbane and the Gold Coast secure apartments.

[smartcode_project:default project_id=5570 project_image_fid=180676]

Among the recent sales was a one-bedroom apartment without a carpark for $2.2 million, while two-bedroom apartments have sold for between $4 million and $6 million.

Queensgate&nbsp;will deliver a collection of five buildings; Sovereign, Regent, Monarch, Consort and Empress, all featuring individual designs and their own lobby. Exclusivity is maintained throughout with no more than 10 apartments in each structure, with just 48 in total.

Iris Capital&rsquo;s vision for the 18-32 Darlinghurst Road site, which will see the historic fa&ccedil;ade of The Bourbon Hotel retained, has been described as an architectural reawakening for Potts Point.

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&ldquo;Local buyers were among the first to take a foothold after the official launch, but now we&rsquo;re seeing buyers from all over Australia converging on Queensgate, with many from Brisbane and the Gold Coast snapping up apartments during the holiday period,&rdquo; Iris Capital CEO Sam Arnaout said.

&ldquo;Queensgate undoubtedly represents a strategic acquisition for many buyers looking to secure a position in this dynamic urban precinct.&rdquo;

Total sales to date now account for 23 of the 48 apartments available at Queensgate, which offers one, two and three-bedroom layouts.

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Each of the five buildings within the development has its own penthouse, some with a private rooftop swimming pool. One of the penthouses has already sold for $16 million.

Queensgate will further enhance the existing Potts Point dining and entertainment scene with its own collection of bars, restaurants, bakeries and cafes along the ground floor.

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Total sales at Queensgate have now surpassed $121 million, just a month since the project’s release.

Iris Capital's Queensgate, Potts Point apartment development, approaches 50% sold

The hotly anticipated development of Garfield Terrace is heading in to 2022, with further plans submitted to the Gold Coast City Council for a luxury apartment tower.

Following the submission by the&nbsp;Sydney-based Weiya Holdings, <a href="/news/qld/first-look-weiya-holdings-submit-38-level-garfield-terrace-surfers-paradise-beachfront-apartments">who plan to develop&nbsp;Aalto</a>, a 64 apartment block&nbsp;at 75-79 Garfield, the fellow Sydney-based developer, Iris Capital, has lodged plans for their next development which sits&nbsp;next door.

The project, 71&nbsp;on Garfield, named after its prime location at 71-73 Garfield Terrace which Iris secured earlier this year, will have 51 apartments across the 38-level tower, as well as&nbsp;a two level beach house.

<a href="/new-apartments/71-garfield-surfers-paradise-71-garfield-terrace-surfers-paradise-qld-4217">To be the first to be notified when 71 on Garfield is nearing launch, enquire here.</a>

DBI, who handled Iris Capital's recently launched Victoria &amp; Albert in Broadbeach, their first foray in to the Gold Coast apartment market, put together the plans for&nbsp;71 on Garfield.

<a href="/new-apartments/71-garfield-surfers-paradise-71-garfield-terrace-surfers-paradise-qld-4217"><img alt="" data-entity-type="" data-entity-uuid="" height="829" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/iris_garfield_2.jpg" width="1200" /></a> 
The proposed tower&nbsp;of 71 on Garfield. Image credit: DBI Architecture

"Iris Capital is set to deliver a new breed of building, combining subtropical principles, fashion inspired design and a sky living experience," DBI's design statement read.

"71 on Garfield is designed exclusively for the coastal environment, moving away from smaller unit types and white upstands to embrace the increasing demand for large apartments and a new level of coastal sophistication."

Another aimed at the high end holiday maker or owner-occupier, the smallest apartments on offer will have three bedrooms and span half a floor, oriented to have ocean-facing balconies.

They run over half way up the tower, before hitting the resident&nbsp;facilities on level 24 where there will be a swimming pool and pool deck, a gym with a sauna, and an outdoor barbecue and dining area.

<a href="/new-apartments/71-garfield-surfers-paradise-71-garfield-terrace-surfers-paradise-qld-4217"><img alt="" data-entity-type="" data-entity-uuid="" height="971" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/iris_garfield_1.jpg" width="1200" /></a> 
The curved tower&nbsp;of 71 on Garfield. Image credit: DBI Architecture

Up to level 33 will be the full-floor, four bedroom apartments, each with a study and private plunge pool on the balcony.

<a href="/new-apartments/71-garfield-surfers-paradise-71-garfield-terrace-surfers-paradise-qld-4217">To be the first to be notified when 71 on Garfield is nearing launch, enquire here.</a>

The most impressive apartments are right on the top of the tower.

The five-bedroom subpenthouse spans two levels and has a larger plunge pool on the lower level balcony, an upstairs ocean-facing master retreat with a private balcony, study, two walk in wardrobes, and an ensuite. Each&nbsp;of the five bedrooms have walk in robes and ensuites.

Crowning the tower is a three-level penthouse, with the same floorplate as the subpenthouse, but with the addition of the rooftop, where a room, pitched as being suitable as a gym, lounge, or games room (complete with a sauna), opens to the outdoor area where there's a swimming pool and outdoor kitchen.

The beach house starts from the ground level and has four bedrooms and two living areas across its two levels. There's a pool that opens from the ground floor living space.

<a href="/new-apartments/71-garfield-surfers-paradise-71-garfield-terrace-surfers-paradise-qld-4217"><img alt="" data-entity-type="" data-entity-uuid="" height="695" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/iris_garfield_3.jpg" width="1200" /></a> 
The outdoors of the two-level beach house. Image credit: DBI Architecture

DBI said that narrow&nbsp;sites are challenging, which makes quality urban design principles&nbsp;more important than ever.

"Reclaiming direct visual connection between the street and the beach and enhancing permeability is essential," the team noted.

"The aesthetic reveals the balance between fashion, craft, elegance and luxury. Soft edges and elegant curves help to soften the built form and create a distinctive ‘welcoming’ identity, at a macro scale to the city skyline and a micro scale at the pedestrian level.

"The timeless design and lines of the towers are highlighted by the metallic textured and crafted sculptural spine of the building dialogue with the elegance and simplicity of the glass volume.

"The materiality relates to a ‘decadent’, yet sophisticated, fashion icon and beach lifestyle."

<a href="/new-apartments/71-garfield-surfers-paradise-71-garfield-terrace-surfers-paradise-qld-4217">To be the first to be notified when 71 on Garfield is nearing launch, enquire here.</a>

There development of Garfield Terrace is expected to continue in to the new year, with the Brisbane-based Siera primed to create a boutique tower. KTQ are also set to reveal what they intend to do with their huge amalgamated beachfront site.&nbsp;

The project, 71 on Garfield, named after its prime location at 71-73 Garfield Terrace which Iris secured earlier this year, will have 51 apartments

First look: Iris Capital lodge Surfers Paradise apartment plans for 71 on Garfield

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East End Newcastle's developer Iris Capital has pushed through with significant changes to the sprawling development that will eventually account for multiple city blocks.

Chief among the planning manoeuvres was the lodgement of Stage Two with Newcastle City Council during May. Under its East End Stage 2 Pty Ltd subsidiary, Iris Capital intends to realise 129 apartments, retail and commercial spaces within the $50 million development application.

CKDS Architecture has conceived the most recent stage, working with fellow design practice SJB in the process.

<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/image30_15.jpg" rel="gallery-all" title="CKDS Architecture's intended Newcastle addition"><img alt="" class="image-article-full-width-580px" height="344" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image30_15.jpg?itok=p11pi8iZ" title="CKDS Architecture's intended Newcastle addition" width="580"></a>

<figcaption>CKDS Architecture's intended Newcastle addition</figcaption></figure>Stage Two's built form encompasses 13,695 square metres and includes as many as nine retail tenancies spanning 1,500 square metres. Apartments and retails spaces aside, Stage Two also features a green internal courtyard and north-south laneway that divides the built form into two separate volumes.

CKDS Architecture's take on Stage Two reads as follows:

<blockquote>
The proposed Newcastle East End Stage 2 development carefully navigates the varied conditions of the site through sensitive additions above and between existing heritage buildings.

Together with the reinstatement and upgrade of the finer grain buildings that define the King Street frontage, the proposal considers the historical layering as well as the future aspiration of the East End redevelopment. Multiple design massing options were considered to arrive at the most appropriate built form.

The final proposal combines the site topography, future character as well as the retention of existing buildings. Existing buildings deemed significant are to be restored, celebrated and maintained; ensuring the heritage layering across the site is preserved.
</blockquote>

Meanwhile in unison with Stage Two's lodgement, Iris Capital has also lodged a Modification Application for the overall development which is bound by Hunter, King, Perkins and Newcomen Streets.

A modest increase in overall gross floor area would see 63,116 square metres delivered in total, whilst a reduction in commercial and corresponding increase in retail spaces are also on the agenda. The bulk of the additional floor area has been directed toward Stage Two.

<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/image31_11.jpg" rel="gallery-all" title="SJB's staged concept proposal for the development"><img alt="" class="image-article-full-width-580px" height="261" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image31_11.jpg?itok=cufKM8H3" title="SJB's staged concept proposal for the development" width="580"></a>

<figcaption>SJB's staged concept proposal for the overall development</figcaption></figure>Iris Capital's move on Stage Two follows on from East End Newcastle's initial apartment release which occurred in the last quarter of 2017.

Stage One of four consisted of 155 apartments on a site bound by Hunter, Wolfe, King and Perkins Streets; it is the largest of the four development parcels. The initial stage consisted of apartments only, with its construction expected to be complete by mid-2020.

The overall project value is slated at $750 million and upon completion will include substantial retail offerings plus multiple publicly accessible spaces throughout the 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/r0_1162_5000_3987_w1200_h678_fmax.jpg" rel="gallery-all" title="Iris Capital's released first stage of East End Newcastle"><img alt="" class="image-article-full-width-580px" height="328" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/r0_1162_5000_3987_w1200_h678_fmax.jpg?itok=W_i-ai8S" title="Iris Capital's released first stage of East End Newcastle" width="580"></a>

<figcaption>Iris Capital's released first stage of East End Newcastle</figcaption></figure>
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silvermb

Iris Land pushes on with Stage Two of East End Newcastle

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Iris Capital only sold 17 of 39 apartments at its new $70 million development Grand Bondi Junction in Sydney's east.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/08/21/700_iris3.jpg" alt="" style="font-size: 12.16px;">
The most popular apartments sold were two-bedroom units.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/08/21/700_iris6.jpg" alt="">
The highest priced apartment was $2.5 million.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/08/21/700_iris4.jpg" alt="">
Iris Capital launched their $70 million residential development claiming "impressive market demand" - although it continued the recent downturn in the initial Saturday sales tally to around 50 percent rather than the 100 percent sellouts in the off the plan sales heyday.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/08/21/700_iris5.jpg" alt="">
The development attracted strong interest from local owner occupiers purchasers from around the Eastern Suburbs area, CBRE agent Ben Stewart noted, adding Grand was destined to become a timeless residence in Bondi Junction.
</body></html>

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