Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

Joel Robinson

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
</section>
</section>

[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Local Little Bay residents, along with buyers from premium postcodes across Sydney’s affluent Eastern Suburbs, have dominated purchases in developer-builder Urban Property Group’s first Eastern Suburbs apartment development, <a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a>.

The $250 million coastal project, one of the first new developments in the area in several years, has proven particularly popular with downsizers, especially those from Coogee and Bondi. One Double Bay downsizer paid $4.7 million for a four-bedroom penthouse, setting a new local apartment price record in the process.

Buyers have been attracted to the combination of coastal tranquillity, premium design and amenity-rich neighbourhood living. The walkable village setting, along with proximity to three of Sydney’s leading golf courses, New South Wales Golf Club, St Michael’s Golf Club and The Coast Golf Club, has also been a key drawcard.

[smartcode_project:default project_id=112343 project_image_fid=352689]

Built across two low-rise buildings designed by <a href="https://www.apartments.com.au/architects/hill-thalis-architecture-urban-projects-pty-ltd">Hill Thalis</a> and set along a lush, landscaped green spine, designed by leading landscape architect <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>, ESTE Little Bay offers a collection of one, two, three and four-bedroom residences with interiors by Richards Stanisich.

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> Sales Director, Tom McIvor said the response to ESTE has been "nothing short of extraordinary."

“Buyers have been quick to recognise ESTE as a rare opportunity to invest in a coastal sanctuary that offers both seclusion and connectivity to the heart of Sydney,” McIvor said.

[smartcode_project:default project_id=112343 project_image_fid=352687]

<a href="https://www.apartments.com.au/project-marketer/srm-residential">SRM Residential</a> Senior Director, <a href="https://www.apartments.com.au/project-marketer/srm-residential">Clayton Ross</a> said the local market has responded incredibly well, driven by ESTE’s exceptional location and the rarity it offers.

“We’ve seen strong interest from a variety of buyer groups, all of whom are drawn to the exclusivity and quality of the build and construction by the 4.5-star iCIRT-rated builder / developer, Urban Property Group. There’s truly nothing else like it along Sydney’s coastline.”

[smartcode_project:default project_id=112343 project_image_fid=352690]

The project also includes robust buyer protections, including Resilience Insurance’s Latent Defects Insurance, providing 10 years of structural cover, and an independent iCIRT-rating of the developer.

“The iCIRT-rating adds another layer of confidence,” Ross added. “Buyers see it as a safeguard for their investment and their lifestyle.” A highlight of ESTE’s offering is its exclusive wellness amenities, including a heated rooftop infinity pool and outdoor heated spa, a state-of-the-art Technogym fitness centre, and a sauna.

<a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a> is topped out and is on track to complete towards the end of 2026, with residents moving in before Christmas.

[smartcode_project_cta:default project_id=112343]

Eastern Suburbs buyers snap up ESTE Little Bay apartments

Kensington

<html><body>
The Melbourne suburb of Kensington is among the nation's top 10 fastest selling suburbs, according to Investar’s latest report.
The property data firm says that houses in Kensington spend 39 days on the market before sale.
<table style="width: 473px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="98">
Suburb
</td>
<td valign="top" width="47">
State
</td>
<td valign="top" width="64">
Postcode
</td>
<td valign="top" width="65">
Dwelling
</td>
<td valign="top" width="72">
Bedrooms
</td>
<td valign="top" width="52">
Days on market
</td>
<td valign="top" width="77">
Current median price
</td>
</tr>
<tr>
<td valign="top" width="98">
Croydon Park
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2133
</td>
<td valign="top" width="65">
Unit
</td>
<td valign="top" width="72">
Studio and 1
</td>
<td valign="top" width="52">
38
</td>
<td valign="top" width="77">
$412,500
</td>
</tr>
<tr>
<td valign="top" width="98">
Kensington
</td>
<td valign="top" width="47">
VIC
</td>
<td valign="top" width="64">
3031
</td>
<td valign="top" width="65">
House
</td>
<td valign="top" width="72">
2
</td>
<td valign="top" width="52">
39
</td>
<td valign="top" width="77">
$775,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Bowden
</td>
<td valign="top" width="47">
SA
</td>
<td valign="top" width="64">
5007
</td>
<td valign="top" width="65">
Unit
</td>
<td valign="top" width="72">
Studio and 1
</td>
<td valign="top" width="52">
40
</td>
<td valign="top" width="77">
$340,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Annandale
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2038
</td>
<td valign="top" width="65">
House
</td>
<td valign="top" width="72">
4
</td>
<td valign="top" width="52">
41
</td>
<td valign="top" width="77">
$2,500,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Woolloomooloo
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2011
</td>
<td valign="top" width="65">
Unit
</td>
<td valign="top" width="72">
Studio and 1
</td>
<td valign="top" width="52">
41
</td>
<td valign="top" width="77">
$800,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Beecroft
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2119
</td>
<td valign="top" width="65">
House
</td>
<td valign="top" width="72">
3
</td>
<td valign="top" width="52">
42
</td>
<td valign="top" width="77">
$1,350,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Fairlight
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2094
</td>
<td valign="top" width="65">
Unit
</td>
<td valign="top" width="72">
2
</td>
<td valign="top" width="52">
42
</td>
<td valign="top" width="77">
$900,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Narraweena
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2099
</td>
<td valign="top" width="65">
House
</td>
<td valign="top" width="72">
3
</td>
<td valign="top" width="52">
43
</td>
<td valign="top" width="77">
$1,250,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Caulfield South
</td>
<td valign="top" width="47">
VIC
</td>
<td valign="top" width="64">
2162
</td>
<td valign="top" width="65">
House
</td>
<td valign="top" width="72">
3
</td>
<td valign="top" width="52">
44
</td>
<td valign="top" width="77">
$1,100,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Allambie Heights
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2100
</td>
<td valign="top" width="65">
House
</td>
<td valign="top" width="72">
3
</td>
<td valign="top" width="52">
45
</td>
<td valign="top" width="77">
$900,000
</td>
</tr>
</tbody></table>
A two bedroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-kensington-125297710" target="_blank">16 Altona Street</a> (above) spent 26 days on the market before being sold recently for $1.11 million.
Another example is a two bedroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-kensington-125057130" target="_blank">33 Chelmsford Street</a> (below) that spent 37 days on the market before being sold for $903,000.
<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/2017/06/14/33%20Chelmsford%20Street.jpg" alt="">
The median price of houses in Kensington is $960,000, which is an increase of $55,000 from last year’s median price of $905,000.
Kensington is a popular suburb with 894 more website listing visits than most other suburbs in Victoria.
Independent residents make up the majority of residents in Kensington.
</body></html>

j.ballantyne1990-6AQqhLzZaK

Kensington among the fastest selling Melbourne suburbs

<html><body>
The media tech company executive Marcelo Ulvert secured $3.65 million for his Kensington home amid plans to rent instead.
Ulvert, the commercial director at media technology company WINR, bought <a href="https://www.realestate.com.au/sold/property-house-nsw-kensington-134814098" target="_blank">the Federation bungalow</a> for $1.54 million in 2007.
Its stables were converted into self-contained apartment with home office and guest suite, separated from the main residence by the garden and pool.
Ballard Proeprty had a $3.5 million guide.
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firstname1-iYD4UYzvBa

WINR commercial director Marcelo Ulvert sells Kensington home

<html><body>
Tom Shelton’s Bridport Property, a child-centre located in the Melbourne suburb of Kensington, has sold for $8,250,000 at auction.
The former office building-turned-childcare centre has a land area of 824 square metres and a building area of 1,451 square metres. 
It has a passing income of $450,800 and is zoned Mixed Use – allowing for development of up to eight-storeys.
The landmark site at 64-66 Stubbs Street is well-known for its red brick finish, the only one in the area, and benefits from dual street frontages. 
The centre’s building is classified by the state government as historically significant for demonstrating the historical and social development of the area (Kensington), making it of important aesthetic or scientific contribution. 
Located in the state government’s Arden Urban Renewal Precinct, an area slated to become a global knowledge hub and central city destination, Kensington has significant growth potential – the area is expected to act as a base for 34,000 jobs by 2051. 
The precinct has been rezoned to cater for population growth and will create a sustainable living and working environment, featuring cycle paths, green spaces and a newly constructed train station, Arden Central.  
 
</body></html>

wdavis-8cCN98p7xp

Tom Shelton’s Kensington childcare centre sold at auction

<html><body>
The City of Melbourne recently put a call out to the community of Kensington to gather ideas and suggestions for the revitalisation of the local recreation centre. The first design iteration has been released, taking on board the requests from the community for more flexible spaces, additional multi-purpose sports courts and a refurbished pool area.

<blockquote>
“These concepts showcase the community’s ideas and vision for a state-of-the-art centre that remains affordable, accessible and relevant to our community.”
</blockquote>

Councillor Beverley Pinder, Chair of the People City portfolio

The centre has been a part of the community since 1976, so the new improvements will aim to bring the loved centre into the modern day with sustainable features, better accessibility and more thoughtful integration with JJ Holland Park.

In keeping with the city’s sustainability goals, the project has had a number of eco-conscious additions included in the plan. These include solar panels, a vertical garden along the Altona Street frontage, more efficient heating and cooling systems, external shading to conserve energy, double glazed joinery, upgraded insulation (beyond minimum requirements) and greater water conservation systems.

<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/screen_shot_2019-09-09_at_10.36.00_am.png" rel="gallery-all" title="Concept design featuring rooftop solar panels. Credit: City of Melbourne"><img alt="" class="image-article-full-width-580px" height="275" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-09-09_at_10.36.00_am.png?itok=1pj-aJ2o" title="Concept design featuring rooftop solar panels. Credit: City of Melbourne" width="580"></a>

<figcaption>Concept design featuring rooftop solar panels. Credit: City of Melbourne</figcaption></figure><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/screen_shot_2019-09-09_at_10.36.27_am.png" rel="gallery-all" title="Vertical green wall along the eastern facade. Credit: City of Melbourne"><img alt="" class="image-article-full-width-580px" height="271" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-09-09_at_10.36.27_am.png?itok=Haj7CRJe" title="Vertical green wall along the eastern facade. Credit: City of Melbourne" width="580"></a>

<figcaption>Vertical green wall along the eastern facade. Credit: City of Melbourne</figcaption></figure>Kensington Community Recreation Centre will also undergo a series of facility upgrades including a new 25-metre pool, disability ramp access into the pool, an additional swimming lane, a state-of-the-art filtration/water treatment system, a water play area for children and refurbished changing areas. Other on-site facilities will include three full-sized sports courts, additional changing areas, 4 and 8-metre running areas, more flexible spaces for use by community groups and classes, and additional bicycle parking.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-09-09_at_10.49.37_am.png" rel="gallery-all" title="Interior design of the recreation centre featuring multi-purpose sports courts. Credit: City of Melbourne"><img alt="" class="image-article-full-width-580px" height="311" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-09-09_at_10.49.37_am.png?itok=716yT1Uf" title="Interior design of the recreation centre featuring multi-purpose sports courts. Credit: City of Melbourne" width="580"></a>

<figcaption>Interior design of the recreation centre featuring multi-purpose sports courts. Credit: City of Melbourne</figcaption></figure>Each of the 400+ requests made by the public has been taken into consideration when completing phase one of the centre’s redesign. Councillor Beverley Pinder believes it’s important for the community to be involved in the decision-making process and encourages people to share their opinions.

<blockquote>
“This is an important centre for many people in our community, and I want to thank everyone who has shared their ideas. We’ve listened to your input and included many of your ideas in these concepts… I strongly encourage everyone who uses the centre and neighbouring residents to view the concepts and tell us what you think.”
</blockquote>

The centre will be funded via a $1.2 million allocation from the Annual Plan and budget 2019-20. Construction is expected to take anywhere up to 18 months and is anticipated to begin early 2021.

Lead image: Concept sketch of the Kensington Community Recreation Centre. Credit: City of Melbourne.
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Olivia Round

City of Melbourne releases latest concept designs for the Kensington Community Recreation Centre

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An historic 1860s Kensington trophy home has been listed.
Flagmount at <a href="https://www.realestate.com.au/property/50-52-bellair-st-kensington-vic-3031" target="_blank">50-52 Bellair Street </a>was originally transported to Australia as a kit, carried over by a ship captain who used it as ballast on the trip.
The freestanding home is made from Scottish Pine and was renovated in the 1920s to become a four bedroom residence.
Following further more recent renovation, the home has walk in robes, private balcony, two ensuites, lounge, and a 1000-bottle wine storage room.
It also has a backyard, pool and carport.
<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/2019/6/29/kens%202.jpg" alt="">
“To say it has been a joy to be the Trustees of 50-52 Bellair Street is an understatement and we are sure that this friendly community will welcome the new owners,” the current owners said to Williams Media.
“We have made many lifelong friends along the street and many wonderful memories from our 34 and half years in our home that we will cherish.”
The home is walking distance to Kensington Village.
The home is being marketed by Liz Brettell and Jayson Watts of Nelson Alexander Flemington.
<div class="media-youtube-video media-image media-youtube-1"><iframe title="50-52 Bellair Street, Kensington For Sale by Jayson Watts of Nelson Alexander" name="50-52 Bellair Street, Kensington For Sale by Jayson Watts of Nelson Alexander" src="https://www.youtube.com/embed/mgIBwa8YQxw?wmode=opaque&amp;controls=&amp;rel=0" frameborder="0" width="640" height="390"></iframe></div>
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1860s Kensington kit home Flagmount listed

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The former Kensingston home of the popular chef and owner of Melbourne’s iconic Vue De Monde restaurant Shannon Bennett and his wife, Madeleine West, has been re-sold.
It's a chef’s dream within the Nicholas Murray-designed residence.
The 5 Bruce Street, Kensington property was for private sale with an asking price of $2,325,000.
A young professional couple from Port Melbourne snapped up the five-bedroom Victorian for $2,265,000 earlier this month, the Herald Sun reported.
Decked out in the best appliances on offer, the home also includes is a barbecue kitchen with a pizza oven.
The property boasts Jack Merlo-designed gardens, a Japanese pond and a self-cleaning lap pool.
The Kensington<a href="/news"> </a>property last listed with price hopes of $1.5 million to $1.65 million fetched $1.65 million in early 2013.
Located on Bruce Street, Kensington, the four-bedroom home has a Joost Bakker herb wall plus a vegetable garden on the roof of the double garage.
It had been sold to Bennett for $820,000 in 2004.
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po-LsXgBTHBmX

Former Kensington home of chef Shannon Bennett resold

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Decibel Architecture has hit the right planning note as its revised set of plans for a sizeable apartment development sails toward approval this evening.

Fronting Smithfield Road and opposite Flemington Racecourse, Kensington's 2-22 Gatehouse Drive has been recommended for approval leading into tonight's Future Melbourne meeting. Kensington Gatehouse Development Pty Ltd is the entity backing the proposal.

Mid way through its planning campaign, the proposal was subject to a complete redesign in the face of Council feedback and public discourse by way of 60 objections. New discussion (revised) plans were submitted and consequently are the plans subject to approval.

Accounting for a number of exiting retail tenancies and an open air car park, 2-22 Gatehouse Drive's renewed design spans a L-shaped 1,800 square metre site opposite the racecourse stables.

<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/image75_3.jpg" rel="gallery-all" title="Aerial view toward Gatehouse Drive"><img alt="" class="image-article-full-width-580px" height="331" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image75_3.jpg?itok=a6L-IyH9" title="Aerial view toward Gatehouse Drive" width="580"></a>

<figcaption>Aerial view toward Gatehouse Drive</figcaption></figure>The proposal's overall development yield has dropped with the redesign, from 82 apartments to 69. Those 69 apartments are expected to consist of 11 single, 40 double and 18 triple bedroom options.

Key to the redesign was the relocation of above ground veiled parking to three basement levels. Consequently, an almost uniform external expression which was noted as being "alien in this context" by Council planners was replaced with a varied facade in both composition and colour.

The recommended approval is subject to further design refinements which would appease all concerns held by Council planners.

2-22 Gatehouse Drive is one of only a limited number of apartment developments currently active in Kensington. It along with five additional projects stand to add a relatively meagre 330 higher density dwellings to the suburb.

<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/image78_3.jpg" rel="gallery-all" title="2-22 Gatehouse Drive as originally submitted"><img alt="" class="image-article-full-width-580px" height="369" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image78_3.jpg?itok=SPJ2tpMm" title="2-22 Gatehouse Drive as originally submitted" width="580"></a>

<figcaption>2-22 Gatehouse Drive as originally submitted</figcaption></figure>The pending success of Gatehouse Drive is in addition to another Decibel Architecture-designed residential project which is at sales. CV Windsor has begun its sales campaign in earnest with an eye toward delivering a uniquely expressive building.

Its approximately 70 SOHO-inspired apartments are veiled by an articulated facade to Punt Road.

On the project's interiors, Decibel Architecture describes the project as "conceived to deliver a unique typology of living to the local area. The concept is developed around the idea of a “townhouse in the sky”. There are common entrance corridors or “streets” at every third level which create an entry to an interlocking network of dual fronted apartments."

Also on the architect's design agenda is the much-hyped Magic tower on the CBD's northern fringe. The development has been the topic of a <a href="/news/magic-melbourne-a-skyscraper-concept-with-a-philanthropic-purpose">podcast with the architect</a> on Apartments.com.au, with a potential lodgement for approval in the pipeline.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image76_5.jpg" rel="gallery-all" title="Magic is another in Decibel Architecture's stable"><img alt="" class="image-article-full-width-580px" height="381" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image76_5.jpg?itok=DZfT_vBQ" title="Magic is another in Decibel Architecture's stable" width="580"></a>

<figcaption>Magic is another in Decibel Architecture's stable</figcaption></figure>
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silvermb

Decibel hits the mark in Kensington

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In response to escalating property prices and a lack of quality housing options, <a href="/architects/make-architecture">Make Ventures (MAKE)</a> and <a href="/developers/assemble">Assemble</a> have partnered to launch the Assemble Model, which aims to offer stability on rent, certainty on price, financial coaching and community services to support residents on their path to home ownership

The proponents argue that the conventional off-the-plan development model is largely failing to address people’s expectations of quality and aspirations for the community. 

To combat this, the team at MAKE have spent the past three years working on a proprietary development model to improve housing affordability. This follows the successful delivery of over $2 billion worth of development over the last 15 years and complements their current portfolio of over $1.5 billion of urban renewal projects.

MAKE undertook research of build-to-rent markets and operators in North America and Europe, before engaging KPMG and Arnold Bloch Leibler (ABL) to help refine a financial model that delivers sufficient long-run annualised investment returns to ultimately attract direct investment from superannuation funds into the Australian housing market.

The model is an adaptation of the built-to-rent model with one of the key distinctions being that the liquidity event is via a sale to residents individually, rather than selling the asset in one line to an institutional investor.

Following refinement of the model, MAKE identified the need for a deep community and service offering to enhance the proprietary nature of the model and underpin equity in the brand.

Enter Assemble, a residential developer focused on small footprint projects and the culture of living closer together, who over the last six years via its Assemble Papers publication, has explored the culture of living closer together a wide spectrum of fields, and in turn developed a large community of passionate and loyal followers.

More recently, Assemble put these ideas into practice through its first development in partnership with <a href="/developers/wulff-projects">Wulff Projects</a> and <a href="/developers/icon-developments">Icon Developments</a> in Roseneath Street, <a href="/new-apartments/clifton-hill-vic-3068">Clifton Hill</a>, comprising 48 apartments and 18 townhouses. Assemble led the community engagement, design presentations and sales process contributing towards a record result with 80% of homes sold on the first day of sales, 95% of which to owner-occupiers and 60% of which were from the Assemble Papers reader community.

The project received the 2016 Victorian Premier’s Design Award for excellence in Service Design and construction for the project is on track for completion in August 2018.

Once it was determined that the two brands shared common goals, values and provided complementary skills, MAKE restructured and took a majority interest in Assemble. This provided it with the capital and infrastructure to become an end-to-end property developer and community manager, and as a result, the brand for the new development model will fall under the Assemble banner.

With the first project underway and site acquisitions pending, the medium to long-term plan for Assemble is to develop and manage a portfolio of up to 40 residential assets totalling approximately 4,000 homes across major capital cities, providing a platform for institutional investment into residential housing and a pathway to home ownership for those currently locked out of the inner-city housing market.

Equity has been secured for the first three projects and discussions are progressing with superannuation funds to become the medium to longer-term capital partner for the business

<h2>393 Macaulay Road, Kensington </h2>

[smartcode_project:default project_id=8415]

The first project to be delivered under the Assemble Model will be <a href="/buildings/38-albermarle-st-393-macaulay-road-kensington">393 Macaulay Road, Kensington</a>. Located three kilometres north-west of <a href="/new-apartments/melbourne-vic">Melbourne’s CBD</a> in the wide, tree-lined streets of the industrial suburb, the building is sited between <a href="/new-apartments/moonee-ponds-vic-3039">Moonee Ponds</a> Creek to the east and the <a href="/new-apartments/maribyrnong-vic-3032">Maribyrnong</a> River to the west and has been designed to encourage and foster a new community.

Identified as one of Resilient Melbourne’s Resilient Communities (an initiative of 100 Resilient Cities – pioneered by the Rockefeller Foundation), 393 Macaulay Rd will encourage greater understanding of how to create more connected communities that are both sustainable and financially viable

Following extensive consultation with the City of Melbourne, a town planning application has been submitted for the Fieldwork-designed building, which will upon completion comprise 73 apartments over 8 levels. ANZ has approved its first development and investment facility for the Kensington project, whereby it will provide construction funding without the usual pre-sale requirements.

The design is centred around a landscaped, open-air walkway that will provide apartments with cross-flow ventilation and dual aspect natural light. The entire community will be connected through communal spaces on the upper and ground floors which include places for work, eating and leisure.

Additionally, the design team at Fieldwork has adopted a "less-is-more approach with the design, where quality is the defining factor." The aim is for the building to improve with age through durable materials, flexible spaces, good access to natural light, cross-flow ventilation, strong connection between indoor and outdoor spaces, high-quality fixtures and fittings, robust energy systems and integrated landscaping.

At its core, 393 Macaulay Road is about implementing a clear set of standards that promote a better quality of life, while also allowing residents a greater degree of customisation than the market currently offers.

The original heritage building, designed by art deco architect Harry A. Norris will be restored and the facade retained, embedding the design within its industrial context.

<figure><a href="/buildings/38-albermarle-st-393-macaulay-road-kensington"><img alt="" class="image-article_full_width_580px" height="383" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/macaulay_rd_slider_1-2.jpg?itok=HQesSiu7" title="393 Macaulay Road will be the first project delivered under the Assemble model. Image: Assemble" width="580"></a>

<figcaption>393 Macaulay Road will be the first project delivered under the Assemble model. Image: Assemble</figcaption></figure><h2>The Assemble Model</h2>

<ul>
<li>Prior to construction, residents sign a 5-year lease with the option to purchase their home for a fixed price at the end of the term.</li>
	<li>The purchase price is agreed up front and is calculated as today’s price with fixed 1.75% increases per year until you buy in approximately 7 years (i.e. 2 years of building and 5 years of leasing).</li>
	<li>Rent is agreed up front for the term of the lease and is calculated at a market rate with fixed 2.5% increases per year over the 5-year lease.</li>
	<li>The lease and option to purchase is secured by paying a refundable amount of 1% of the purchase price prior to the start of construction (e.g. $5k for a $500k apartment).</li>
	<li>Over the 5-year lease period, Assemble will support residents on their pathway to ownership via not-for-profit financial coaching services and bulk-buying initiatives to leverage economies of scale (e.g. internet, utilities, farm-direct groceries, insurance), Assemble will also have an on-site team to help with the day-to-day chores (e.g. parcel pick-up and drop-off, dry-cleaning, dog walking and apartment cleaning) and community building initiatives.</li>
	<li>After 5 years, residents can exercise the option to purchase the property at the fixed price, with the 1% refundable amount contributing towards the purchase price.</li>
</ul>
<figure><a href="/buildings/38-albermarle-st-393-macaulay-road-kensington"><img alt="" class="image-article_full_width_580px" height="527" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/macaulay_rd_slider_2-1.png?itok=Gbxj1p5x" title="393 Macaulay Road, Kensington. Image: Assemble" width="580"></a>

<figcaption>393 Macaulay Road, Kensington. Image: Assemble</figcaption></figure><h2>What they say</h2>

<blockquote>
The Assemble Model is the culmination of three years of research, both locally and overseas - and applying these learnings to the Australian context. The model aims to address the fundamental desire for the majority of Australians to own their own home – and is a direct response to multi-level government policies on housing affordability.

By locking in the price today, you are protected from rapid property price increases. You have seven years to save towards your deposit and five years to see if your home lives up to your expectations. Get to know your home, your neighbours and community before you decide to buy, and you can exit the lease or not proceed with the purchase at any time 
Any increase in the market value of your home above the fixed price, is to your benefit. It’s about giving people an opportunity to get a foothold in tomorrow’s housing market today.

- Kris Daff, Managing Director, Assemble and MAKE
</blockquote>

 

<blockquote>
What excites me in particular about the Assemble Model is a greater alignment of interest between the developer and resident compared to the off-the-plan model. We have to deliver high quality buildings that age gracefully and foster a genuine community. Design will be at the forefront of the Assemble Model to create homes that are functional and beautiful and that we’d genuinely want to live in ourselves.

Having designed many high quality apartment projects over the last 17 years, I’ve been frustrated that a lot of my team members can’t afford to buy into the projects they’re working on. I’m excited that the Assemble Model will provide them with the opportunity to do so in a supported and flexible way.

- Quino Holland, Design Director, Assemble and Director, Fieldwork
</blockquote>

 

<blockquote>
A tight-knit community doesn’t just grow overnight. We believe that with the right community infrastructure in place - we can support our residents to build strong relationships with their neighbours.

- Abbie Freestone, Head of Community, Assemble
</blockquote>
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Laurence Dragomir

Introducing the Assemble Model: A new pathway to apartment buying and ownership

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Mortgagees are offering a one bedroom Kensington apartment in Melbourne's inner city fringe at $380,000 after a failed weekend auction marketing campaign.
It had been scheduled for 14 October auction but passed in without any formal price disclosure.
The comparable sales for 602/255 Racehorse Road were offered as:
<table border="1" cellpadding="0"><tbody>
<tr>
<td>
503/ 255 Racecourse Road
</td>
<td>
$385,000
</td>
<td>
25/5/17
</td>
</tr>
<tr>
<td>
2. 7/ 11 Smith Street
</td>
<td>
$370,000
</td>
<td>
17/6/17
</td>
</tr>
<tr>
<td>
3. 10/ 7-9 Rankins Road
</td>
<td>
$385,000
</td>
<td>
27/5/17
</td>
</tr>
</tbody></table>
<a href="https://www.realestate.com.au/property-apartment-vic-kensington-126422370" target="_blank">The Racehorse Road listing</a> is on the top floor of the Newmarket with basement parking.
Another top floor apartment, but two bedrooms, fetched $630,000 at auction earlier this year.
The 54 square metre apartment complex is perfect for either an owner occupier or astute investor, the Barry Plan listing agent, Eugene Louey suggests. 
It was listed as a $350 a week rental earlier this year.
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Mortgagee auction at Racehorse Road, Kensington failed to return a winner

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Mortgagees are offering a one bedroom Kensington apartment in Melbourne's inner city fringe.
It goes to October 14 auction.
<a href="https://www.realestate.com.au/property-apartment-vic-kensington-126422370" target="_blank">The Racehorse Road listing</a> is on the top floor of the Newmarket with basement parking.
Another top floor apartment, but two bedrooms, fetched $630,000 at auction earlier this year.
The 54 sqm apartment complex is perfect for either an owner occupier or astute investor, the Barry Plan listing agent, Eugene Louey suggests. 
It was listed as a $350 a week rental earlier this year.
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