Preliminary data by research giant Charter Keck Cramer reveals a 54 per cent decline in Build to Sell apartments across Australia's capital cities, while the Build to Rent boom continues with a 378 per cent increase over the last five years.

Charter Keck Cramer's upcoming National State of the Market Report - Key Metropolitan Areas, scheduled for release in September, will reveal&nbsp;a dramatic transformation in apartment supply patterns across Australia's capital cities between FY2016-2020 and FY2021-2025.

The Build to Sell (BTS) apartment sector has experienced a substantial contraction, with total supply falling by 54 per cent compared to the previous five-year period. The decline represents a reduction of 149,200 apartments across all capital cities.

<img alt="BTS Charter Keck Cramer" data-entity-type="file" data-entity-uuid="3db2ddf3-e7c0-481f-b8b9-63efb365cb80" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-20%20at%2011.26.34%E2%80%AFAM.png?VersionId=bsQl8inhZA7FeiPamnGvw1tse0obBdSd" />

Sydney led the downturn with a decrease of 73,600 apartments, followed by Melbourne (-42,800) and Brisbane (-26,800). Perth and Adelaide also recorded significant declines of 6,400 and 2,400 apartments respectively. Only Gold Coast and Canberra bucked the trend, with modest increases of 500 and 2,300 apartments.

In stark contrast, the Build to Rent (BTR) sector has emerged as a major force in the apartment market, recording a remarkable 378% increase in supply. This growth added 8,590 apartments across the capital cities during FY2021-2025. Melbourne dominated BTR growth with 6,160 additional apartments, while Sydney contributed 2,100 units. Brisbane and Canberra also recorded growth of 800 and 330 apartments respectively. Gold Coast and Perth recorded minor declines, while Adelaide maintained steady levels.

<img alt="BTR CKC" data-entity-type="file" data-entity-uuid="ca13ffd4-ab93-4828-afd2-4c3dccbd2b51" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-20%20at%2011.28.54%E2%80%AFAM.png?VersionId=SXNnpcJuFD36ViWOwF6izBBqcQc3NWao" />

“These preliminary findings indicate a fundamental shift in Australia's apartment development landscape, with traditional Build to Sell models giving way to institutional Build to Rent developments,” said Richard Temlett, Charter Keck Cramer’s National Executive Director of Research.

"This transition reflects changing investor preferences, regulatory environments and housing affordability challenges across major metropolitan areas.”

The complete Charter Keck Cramer National State of the Market Report – Key Metropolitan Areas will provide comprehensive analysis of these trends, their underlying drivers and implications for developers, investors and policymakers when released in September.

Joel Robinson

Build to Sell apartment supply drops 54% in five years across Australian capital cities

Verso Development Group is seeking to bring over 1,100 apartments to the heart of Brisbane's Toowong, with plans filed for a $1 billion, triple tower development known as Toowong Central.

The landmark urban regeneration project "aims to reshape the core of Brisbane’s inner-west riverside suburb."

Covering over 1.4-hectares across&nbsp;Sherwood Road, High Street, and Jephson Street, Toowong Central has been designed by KHA and will comprise three towers rising 49, 55, and 58 levels.

<img alt="Toowong Central" data-entity-type="file" data-entity-uuid="48611e3d-7123-4b99-b2cb-bfa4bc98024f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenities.png?VersionId=yKBexB.BgCkq4OET8fHDkWs0d3DjxOKJ" />

According to the Urban Context Report prepared by Urbis, Toowong Central is positioned as a “city-defining precinct reclaiming Toowong as ‘the best destination in the west’,” with a vision to deliver density differently, strengthen Toowong’s identity, and lead subtropical urban design.

There will be a wide range of apartment configurations, from one-bedrooms to five-bedroom penthouses, as well as short-term accomodation offerings. The design prioritises pedestrian permeability, with an activated public realm featuring a central civic plaza, laneways, and street-level retail and dining.

“The central square’s structure, programming, scale and location creates a social anchor - shaped by its edges, flexible for use, and animated by a diversity of experiences throughout the day and into the evening,” the Urban Context Report noted, reinforcing the project's ambition to become a vibrant community destination.

Design excellence was pursued through an international design competition, attracting entries from renowned practices such as UNStudio and BIG. KHA’s winning design distinguished itself with a ceremonial approach to the public realm, integrating terraces, tiered seating, and green infrastructure to promote social interaction and resilience.

The development builds upon two existing approvals: the 25- and 20-storey towers of the Aviary Toowong proposal, and a separate 25- and 24-storey approval at 88 Jephson Street. Consolidation of these fragmented landholdings under a precinct-wide approach allows for increased community value and cohesive urban integration.

Urbis Director Nicholas Stevenson said Toowong Central will bridge the gap in Toowong's current experience, unlocking the potential of the wider precinct.

"Overcoming experiential constraints and leveraging contextual advantages – Toowong Central will redefine Brisbane's inner west.”

<img alt="Toowong Central" data-entity-type="file" data-entity-uuid="73f7a702-625d-452d-9df2-30a0863ac1e8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/master.png?VersionId=TZdh6wxGC_8IIroXpdkZfuhlS8mFZnea" />

Toowong Central’s ambition extends beyond residential and commercial outcomes. Uses under consideration include a world-class hotel, university facilities, a museum, and health and wellness services, reflecting its role as a western gateway to Brisbane’s growing innovation corridor between the CBD and the University of Queensland.

Urbis Managing Partner James Tuma said Brisbane has no greater opportunity to showcase the future of urban living than Toowong – a sustainable, economically vibrant, and people-centric place that embodies the best of Brisbane.

[The plans] gives us a glimpse into our future as a globally relevant, youthful, entrepreneurial, and distinctly subtropical city.”

$1 billion Toowong Central to deliver 1,100 apartments to undersupplied Brisbane market

In <a href="https://www.apartments.com.au/developments/runaway-bay-qld-4216">Runaway Bay</a>, new townhouse-scale waterfront residences are rare - but ones built to the standards found on Sovereign Island are almost unheard of.

<a href="https://www.apartments.com.au/new-townhouses/ocean-suites-on-jennifer-10-12-jennifer-avenue-runaway-bay-qld-4216">Ocean Suites on Jennifer</a>&nbsp;changes that, delivering a calibre of construction and detailing that places its seven villas well above the typical market offering in this northern Gold Coast pocket.

Ocean Suites on Jennifer will be move-in ready before Christmas this year, giving buyers the chance to spend the summer on the water in one of Runaway Bay’s rare new waterfront residences.&nbsp;

[smartcode_project:default project_id=138718 project_image_fid=214444]

The development is a collaboration between <a href="https://www.apartments.com.au/architects/stuart-osman">Stuart Osman Design</a> and <a href="https://www.apartments.com.au/developers/sand-side-developments">Sand Side Developments</a>, with construction by <a href="https://www.apartments.com.au/builders/alroe-constructions">Alroe Constructions</a>.

Architect Stuart Osman says the intent from the outset was to create a home people would be drawn to. “When you build anything, the design is to make you want to go hang out in this house,” he says.&nbsp;

Ocean Suites on Jennifer’s design features a front façade softened with planter boxes, rear pool areas, and rooftop decks looking over the water.&nbsp;

Inside, voids and high skylights bring daylight deep into the centre of each home, while ceiling heights of 2.85 metres maintain a strong sense of volume.

Each four-level residence spans 345 to 388 sqm, with layouts accommodating multi-generational living - a ground-floor bedroom suite for older family members and upper levels for the rest of the household. A lift connects all floors.

[smartcode_project:default project_id=138718 project_image_fid=214435]

For Andrew Erwin, Director at NPA, the project’s appeal lies in both its location and the detail in execution.&nbsp;

"At Ocean Suites, you’ve got a canal-front setting with direct Broadwater access and a level of finish you’d normally only see in the city’s most prestigious addresses. The four-level layouts, the glass-framed living areas, the private pools, even the extended kitchens, every part of it has been designed with the buyer in mind,” he says.

Those buyers have so far been a mix of Gold Coast locals and interstate purchasers, many seeking a lock-up-and-leave holiday home or a downsized residence without sacrificing space for visiting family.&nbsp;

Older households with teenage children are a recurring profile, drawn to layouts that support multi-generational living and the ability to host extended stays.

[smartcode_project:default project_id=138718 project_image_fid=214432]

Material selection reinforces the project’s quality-first ethos, with every home appointed to a premium standard. Kitchens and ensuites feature engineered stone surfaces, complemented by prestige oak engineered timber floors, Victorian ash hardwood staircases, and soft loop-pile carpet.

Premium lighting, statement pendants, ceiling fans, and Fujitsu ducted air conditioning elevate both comfort and design. Each residence also includes a suite of high-end appliances as standard - Fisher &amp; Paykel integrated fridges, Bosch ovens, induction cooktops and dishwashers, Vintec wine fridges, and Franke sinks.

Beyond the interiors, residents enjoy an enviable lifestyle with rooftop terraces, private plunge pools, fire pit areas, outdoor showers, smart home automation, laundry chutes, and private pontoons.

[smartcode_project:default project_id=138718 project_image_fid=214452]

With no additional upgrade costs, Sand Side Developments underscores its no-shortcuts approach, delivering homes where luxury and amenity come as standard.

Osman adds that the kitchen has been designed as “the main hub of the house” with six metres high skylights above a galley-style layout that “makes it feel bigger, brighter, whiter” and “brings light into the centre of the home.”

Both architect and builder emphasise a shared commitment to delivering the intended design without compromise. “Working with Alroe’s structural team and their construction team, it’s been great to make sure that the look and feel that was originally intended is the result achieved at the end of the project,” Osman says.&nbsp;

[smartcode_project:default project_id=138718 project_image_fid=214453]

Outdoor living has been given equal consideration, with rooftop terraces designed for entertaining with a fire pit and bar, and spacious undercover patios featuring private plunge pools.

The marine access is as carefully executed as the homes themselves. An eight-metre gangway leads to a six-metre private pontoon capable of mooring vessels up to 30 feet, just 300 metres by water from the Broadwater.&nbsp;

Even the orientation of each villa has been optimised to capture long views down the canal, across the Broadwater, and south to Main Beach.

With construction in its final stages, just three of the seven villas remain, priced from $3.365 million to $3.695 million.

[smartcode_project_cta:default project_id=138718]

Sovereign Island standards come to Runaway Bay with Ocean Suites on Jennifer

Without local developer <a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a>, it could be argued that the small suburb of <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> would be left behind when it comes to both new housing and retail opportunities.

Gardner Vaughan, one of South East Queensland’s most reputable builder-developers, has been based in <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> for the last decade. They plan to maintain their presence in the northern <a href="https://www.apartments.com.au/developments/brisbane-qld">Brisbane</a> suburb, just seven kilometres from Brisbane Airport and nine kilometres from the city, with the development of <a href="https://www.apartments.com.au/new-apartments/danby-lane-nundah-village-5-danby-lane-nundah-qld-4012">Danby Lane</a>, the first major project in several years in the heart of the town centre.

GVG will retain one of the commercial spaces in the new mixed-use building for their office headquarters. It will be located in the commercial podium, alongside several other new office spaces. Below will be a street-level retail precinct designed to reinvigorate the local economy, and above, 84 brand-new apartments.

[smartcode_project:default project_id=112531 project_image_fid=320114]

Over 60 percent of the apartments have already been snapped up, with buyers eager to secure one of the rare new apartments in <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a>, as well as to benefit from Gardner Vaughan’s solid reputation and long-standing presence in the local community.

[smartcode_project:default project_id=112531 project_image_fid=320117]

Gardner Vaughan identified the site at the corner of Buckland Road and Danby Lane for its proximity to key amenities. Within 400 metres of the development, <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> Village offers a variety of cafes, restaurants, and pubs. <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> Train Station, just 400 metres away, provides a quick 20-minute train ride into Roma Street.

The development has also attracted young families, drawn to the proximity of not one, but twelve parks, with Boyd Park and Oxenham Park being the most notable. Established families have shown interest due to the close proximity of <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> State School and Mary MacKillop College.

The one- and two-bedroom apartments in the building have already been snapped up, while the larger three- and four-bedroom apartments—ranging from a generous 117 sqm to nearly 200 sqm—remain highly sought after. There are also just three exclusive luxury penthouses left to sell.

With its in-house construction capability, Gardner Vaughan has already commenced construction on-site and expects to complete the building by March 2027. It's hard to see another opportunity to buy brand new in <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a>, where creating a site anywhere near the scale of the Danby Lane is becoming more and more difficult.

[smartcode_project_cta:default project_id=112531]

Why Danby Lane is the focal point for change in Brisbane's Nundah

<a href="https://www.apartments.com.au/developers/metro-property-group">Metro Property Group</a>’s flagship townhouse development, Citrine Townhomes in <a href="https://www.apartments.com.au/developments/rochedale-qld-4123">Rochedale</a>, has reached another key construction milestone, with the first stage of townhouses now in the defects phase.

All building works for Stage 1 are complete, with the internal roads asphalted, line marking finished, and the bin store slab poured.&nbsp;All essential services, including permanent power, sewer, gas, and water, are now connected and operational.

The defects process is expected to continue until late-August.

<img alt="Citrine Townhomes, Rochedale" data-entity-type="file" data-entity-uuid="f48ad1d8-7bb2-424a-a378-2caa4d34c27d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/017%20-%20%20ROLLEY%20PHOTO%20MEDIA%20%20%20-24072025.jpg?VersionId=o5BC3LgYTwxcufsjldO8mkPww3gix1NC" />

Stage 2 is also moving forward steadily, with all townhouses sheeted, the first coat of paint applied, and joinery installed throughout. Tiling has been completed on six of the seven blocks, and the pool is scheduled to be pebblecreted by the end of August.

Stage 3 continues to gather momentum, with external cladding completed on three of the eight blocks. All townhouses have been fully roughed-in for electrical, plumbing, and air conditioning, and the first two blocks have now progressed to internal sheeting.

Stage 1 and 2 are 100 per cent sold and there are now just 10 four-bedroom townhomes left in Stage 3, priced from $1,125,000.

[smartcode_project:default project_id=136295 project_image_fid=211]

Residents at <a href="https://www.apartments.com.au/new-townhouses/citrine-townhomes-rochedale-311-gardner-road-rochedale-qld-4123">Citrine Townhomes</a> can also look forward to high-quality shared amenities. The residents' facility will feature a pool, landscaped areas, and a BBQ space, contributing to a lifestyle-focused community environment.

Metro’s fully furnished display home has generated strong interest locally, reinforcing the market’s confidence in the project. Stage 1 and 2 are completely sold out and Stage 3 has officially launched and is selling fast. Just 10 townhouses remain for sale in the development.

[smartcode_project:default project_id=136295 project_image_fid=273134]

The broader Citrine development comprises 90 three and four-bedroom townhomes designed across two to three levels, offering a contemporary contrast to Rochedale’s surrounding single-family homes.

Located just 17 km from Brisbane CBD, Citrine is within walking distance to schools, parks, and the popular Rochedale Village, home to Coles, medical services, and dining options.

Metro Property Group remains on track for project completion, with settlements forecast for Stage 1 in October/November 2025, Stage 2 in November/December 2025, and Stage 3 in January/February 2026.

[smartcode_project_cta:default project_id=136295]

First stage of townhouses at Citrine Rochedale reaches completion milestone

Kokoda Property

National developer Kokoda Property have revealed what they intend on doing with their mega-site in Brisbane's Tenerrife.

Kokoda, who have previously completed apartment developments Chester &amp; Ella in Newstead and The Ambrose in Milton, has lodged plans for three towers on the 17,612 sqm site at 17-27 Skyring Terrace site, one of the last undeveloped riverfront sites in Brisbane.

The former Riverside Industrial Sands site, which Kokoda paid over $100 million for earlier this year, will home a total of 380 residences, with the towers ranging from 12 to 30 levels.

There will be&nbsp;a 9,149 sqm hotel, a large plaza, extended riverwalk and laneways throughout with lively public spaces, complemented by 15 office tenancies totalling 2,400sqm and 2,800 sqm of retail, cafes, and restaurants.

<img alt="Kokoda" data-entity-type="file" data-entity-uuid="9ec2305e-70a5-4a36-ac2d-ebc33fcf7872" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-10-04%20at%207.28.41%20pm.png?VersionId=jgld7Pq53oSKaLPnjL1PkWV6NISC_Q.w" />

&nbsp;

Kokoda Property Founder and Managing Director, Mark Stevens, said that the project aims to provide enhanced design and landscaping that speaks to Brisbane's subtropical biophilic surroundings and Woolstore design intent while providing large, open public spaces.

“Kokoda Property is passionate about providing riverfront amenity on this site and we are committed to creating a contemporary, welcoming place that extends Teneriffe’s culture to the riverfront,” Stevens said.

The project is a collaboration between Kokoda's longtime design partners Cottee Parker Architects, who have designed Chester &amp; Ella and Kokoda's newest Milton tower Ruby Ruby, Carr, and Urbis Town Planning and Landscaping. Leaning into the cultural fabric of Teneriffe, the development will create a much sought-after address for residents and the community.

"Unique to the proposal is the ground plane public plaza, which will unlock 8,902 sqm of public open space, comprising 50 per cent of the site, to residents and visitors of Teneriffe," Urbis said.&nbsp;

<img alt="Render of the proposed Teneriffe development" data-entity-type="file" data-entity-uuid="a28d3cd7-1302-4d3f-82c9-c264f65934ac" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/KK%20SRT%20RIVERWALK%20%281%29.jpg?VersionId=v1PO.i3CEx01WC63_m78mDiOoPKXLq4s" />

The development will be delivered in stages.&nbsp;The first stage will include shorter buildings on Skyring Terrace and Commercial Road (Tower 3 &amp; 4), followed by stage two (Tower 2), and ultimately stages three and four (Tower 1).

Tower 1, the tallest of the towers, is set to have 114 one, two, three and four-bedroom apartments, including a handful of sub-penthouses and penthouses. Tower 1 will also home a 160-room hotel.&nbsp;

Tower 2 will comprise 159 apartments and Tower 3 will have around 100 apartments with some loft-style residences.

"While the riverwalk attracts pedestrians and cyclists, we have an opportunity to create something in and of the neighbourhood—that speaks to the history, quality, and sensitivities of the local area, for a modern global audience," Cottee Parker noted in their design statement.&nbsp;

"Rarely can you affect the fabric of a neighbourhood in such a profound way, restitching the iconic heritage of a storied suburb to the source of its fortune and fame: the Brisbane River."

<img alt="Render of the proposed Teneriffe development" data-entity-type="file" data-entity-uuid="e9927613-4e4b-4dfd-b82d-26fc62406a89" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/KK%20SRT%20-%20Plaza%20Teneriffe%20%281%29.jpg?VersionId=dLLbVzeQfP9gJsdLIexjpicuB933_T54" />

Towers 1 and 2 will be connected by a sky bridge on level 14, offering access to a VIP lounge in Tower 2, exclusively for hotel guests. Additional hotel amenities on this level include a 350 sqm day spa, a 437 sqm restaurant and bar, and a 179 sqm Brisbane River-facing pool and deck. Meeting rooms, three ballrooms, and a 556 sqm outdoor terrace lawn with another lounge on level 5 further enhance the hotel's offerings.

Residents will also benefit from rooftop communal decks on each of the towers, including a&nbsp;podium level pool deck on Tower 1. Tower 2 offers additional amenities on level 2, such as a karaoke room, dining/meeting rooms, a sports games lounge, a residential lounge, gym, a cinema room, a multi-sports simulator, barbecues, and a play space room. Tower 3 features a rooftop lap pool, hot spa, cabanas, sun lounges, an outdoor cinema lawn, barbecues, and a sunset lounge.&nbsp;

To further enrich the neighbourhood, the development plans include a small amount of office space on the ground, levels one, two, three and four, as well as loft-style and terrace housing facing Skyring Terrace.

The podium's design places great emphasis on the balance between the hardness of construction materials and the softness of landscaping. Greenery defines its character, softening its edges and connecting residents and the wider community to the natural riverfront environment.

<img alt="Render of the proposed Teneriffe development" data-entity-type="file" data-entity-uuid="b9dfad62-26e3-4715-9dd5-273775586bdd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-10-04%20at%203.22.52%20pm_0.png?VersionId=Y4xG43LoyXuEt1lbx0VAkzmjDdVxAPAX" />

The proposal also includes the construction of a new lane, 'Wool Lane,' off Skyring Terrace, connecting a newly created plaza at the end of Commercial Road to Skyring Terrace near Gasworks. The new riverside public plaza will span approximately 9,023 sqm, providing a view of a new 220-metre riverwalk extension.

This extension, a 'missing link' between existing sections of the Riverwalk, has long been an unfulfilled dream, which could soon come to fruition with Kokoda's development.&nbsp;

While neighbouring areas like Newstead, New Farm, and Fortitude Valley have seen a surge in their lifestyle economies, attracting patrons to their trendy establishments, modern Teneriffe stands out for its unique character. It boasts an array of relaxed local eateries, galleries, and creative agencies, as well as the annual Teneriffe Festival, a vibrant celebration of diverse music, performances, and art.

“It is an opportunity to create something special for Teneriffe and the broader neighbourhood that speaks to the history, quality, and sensitivities of the local area,” Stevens added.&nbsp;

alisonwarters@gmail.com

Kokoda propose $1.5 billion, triple-tower riverside development in Teneriffe

It was the creative licence in property development that first lured the then Jeans West Director Mark Stevens into the game back over 25 years ago.

In 1997 he founded Kokoda Property, with his first development being a renovation of a house in the eastern suburbs of Melbourne. Fast forward a quarter of a century and they've completed over 100 projects in Melbourne, and they've just <a href="/news/qld/kokoda-snare-last-remaining-riverfront-in-teneriffe-for-mixed-use-development">spent a record $100 million on a 17,600 sqm site</a> in Brisbane's Teneriffe which is one of the last of it's kind.

"Ultimately it was a real love of architecture," Stevens told me when I asked him what took him from the corporate world to developing property.

He said always loved the creative process.

"Architecture allows you to create an environment, and I really believe architecture can change the way you feel."

Over the years Stevens' architecture preferences have changed somewhat.

"I used to be besotted with&nbsp;classicism," Stevens said. Now he's into "uber-cool modern."

Kokoda's striking Malvern project, the Malvern Collective, is a testament to the uber-cool, modern design. Two glass-facaded buildings rise from a more heritage-style streetscape.

[smartcode_project:default project_id=12457 project_image_fid=200172]

It was Stevens' love of architecture, paired with his passion for gardens and wanting to develop in another economy, that led him to Brisbane around 10 years ago.

While he'd travelled to Brisbane in his more corporate life, Stevens admitted that he didn't really know it as well as he'd like. He says however he will never forget his first visit.

"When I saw James Street (in Fortitude Valley) for the first time, I remember saying to myself 'oh my god, what an amazing precinct.'

"It has a story to tell. There's nothing like it in Melbourne," Stevens said.

There was the draw of Brisbane's climate and the Brisbane City Council's Buildings That Breathe Design Guide, which encourages developing to the climate. More than any other capital, there's more encouragement to incorporate gardens into high-rise towers, something which Stevens also had a personal affinity towards.

"I've always had a real passion for gardens, and I've invested a lot in them over the years," Stevens said.

He believes gardens change the topography of the street.

"With gardens you see a big difference between say summer and autumn, whereas architecture doesn't change."

Stevens says Brisbane offers an amazing climate and amazing amenity, particularly in the life of Teneriffe and New Farm, where living near the river offers a perf

Kokoda's first Brisbane project was the two-tower Chester &amp; Ella in Newstead, which was completed in 2020. Kokoda stayed waterside with their most recently completed project, The Ambrose in Milton, which was finished earlier this year.

Now the team are preparing to launch Ruby Ruby, a 21-level tower with 145 apartments, just around the corner.

<img alt="Ruby Ruby" data-entity-type="file" data-entity-uuid="0e62f0f8-8731-4aca-8ced-4b689815aac8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-10%20at%201.32.57%20pm.png?VersionId=itC5hruAoFXlJSzFuICTJAlRdtX4MYI3" />

Both The Ambrose and Ruby Ruby have been designed by Cottee Parker, who Stevens says are very open to different styles.

The burgeoning developer is also at the early planning stages of the masterplan precinct in Teneriffe which they secured early last year. The 17,600 site Skyring Terrace riverfront block will be transformed into a $1.75 billion mixed-use development that will activate the waterfront at a scale not yet explored.

Kokoda’s vision for the site comprises apartments and townhouses, a waterfront office tower, a luxury hotel, a retail precinct comprising high-end luxury retail and F&amp;B, and a&nbsp;marina, connecting the expanding Brisbane riverwalk replete with waterfront hospitality, retail and dining.

"We're in the design and development phase of what we think will be a game-changing precinct in Brisbane for years to come," Stevens said.

"It's very community focussed. We're giving a lot back to open space and architecture. It will be a place-making experience. It's not a case of putting what we can on the site, it's about being respectful to what's there, as well as the history of the area."

While there's considerable hype about Brisbane's future growth prospects due to the 2032 Summer Olympics, Stevens said it's not what defines the Queensland capital.

"The Olympics isn't what will make Brisbane amazing. It was already amazing before it got the Olympics," Stevens said.

"If you look at the history of The Olympics, they're being hosted by cities that don't need them to be come amazing. Think San Francisco, Tokyo, London.

"What the Olympics will bring is international attention so the whole world can see Brisbane's appeal."

It was the creative licence in property development that first lured the then Jeans West Director Mark Stevens into the game back over 25 years ago

How a love of architecture inspired a move into property development: Five minutes with Kokoda's Mark Stevens

Buyers at Kokoda Property&#39;s Malvern Collective, on the southern end of the dress circle Glenferrie Road, will be offered the ultimate convenience, with Woolworths signing as anchor tenant at the new mixed-use project.

The 600 sqm Woolworths Metro will adjoin&nbsp;the precinct&#39;s central piazza,&nbsp;a mix of high-end food and entertainment-focused specialty retailers, which connect via laneways to Glenferrie Road and offers direct commuter access to Malvern train station.

Malvern Collective will home 265 residences across its JCB-designed tower, with interiors by Carr Design.

[smartcode_project:default project_id=12457 project_image_fid=200172]

Kokoda Property&rsquo;s founder and managing director, Mark Stevens, says as the largest privately led urban renewal development in the suburb&rsquo;s history, Malvern Collective is set to restore a significant part of Malvern&rsquo;s original high street.

&ldquo;The arrival of Woolworths is testament to our group&rsquo;s vision to reinvigorate this prominent section and bring it back to its former glory,&rdquo; Stevens said.

Today with a median house price of $3.1 million, Malvern is a highly sought-after lifestyle suburb.

[smartcode_project:default project_id=12457 project_image_fid=200188]

&ldquo;Malvern Collective presents a rare opportunity to introduce luxury apartments alongside carefully curated fresh food retail, health and wellness services, and high-end food and entertainment offerings,&rdquo; Stevens added.

&ldquo;Ultimately, this is about place making and bringing together the fundamental elements that contribute to community wellbeing, and reflecting where the suburb&rsquo;s culture, design and demographic are moving.&rdquo;

Furthermore, approximately 1.1 million passengers use Malvern station each year &ndash; representing an average of 3,000 commuters per day. This number is set to increase when the $2.7 billion Metro Tunnel project is completed in 2025.

[smartcode_project:default project_id=12457 project_image_fid=200159]

&ldquo;The precinct will not only reinvigorate the southern end of Glenferrie Road, but also create considerable convenience, connectivity and amenity to commuters who frequent Malvern station,&rdquo; Mr Stevens said.

Early site works commenced at Malvern Collective in 2020 with the $1 million refurbishment and reopening of the suburb&rsquo;s oldest pub, The Angel. The historic watering hole reopened in March with a new front bar, kitchen and head chef, alongside regular live entertainment.

The next phase of construction has commenced earlier this year, with the mixed-use development scheduled for completion in Q1 2024.

[smartcode_project_cta: project_id=12457]

Malvern Collective will home 265 residences across its JCB-designed tower, with interiors by Carr Design

Kokoda Property secure Woolworths as anchor tenant at Malvern Collective development

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Construction begins on The Ambrose

<a href="/developers/kokoda-property">Kokoda Property’</a>s next Brisbane project, <a href="/buildings/the-ambrose-19-23-mcdougall-street-milton">The Ambrose</a>, has recently begun construction after <a href="/builders/hutchinson-builders">Hutchinson Builders</a> were appointed as builders. The $150 million luxury residential tower located in McDougall Street in <a href="/developments/milton-qld-4064">Milton</a> features 181 apartments across 19 storeys. 
Designed by <a href="/architects/cottee-parker-architects">Cottee Parker Architects</a>, the buildings’ façade comprises organic fins and ascending greenery in addition to an earthy palette for the interiors which creates tranquil, light-filled apartments. <a href="/buildings/the-ambrose-19-23-mcdougall-street-milton">The Ambrose</a> will be the second collaboration between <a href="/developers/kokoda-property">Kokoda Property</a> and <a href="/builders/hutchinson-builders">Hutchinson Builders</a>, with the pair recently completing the two-tower <a href="/buildings/chester-ella-7-chester-street-newstead">Chester &amp; Ella</a> project in <a href="/developments/newstead-qld-4006">Newstead</a>. 
And it of course wouldn’t be a contemporary Brisbane apartment development without a rooftop recreation deck, which <a href="/developers/kokoda-property">Kokoda Property</a> look to have knocked out of the park on this one. Make sure to take a peek at the exquisite finishes in the bathrooms, and the incredible kitchen islands. 
Construction is scheduled for completion in 2022.

<figure><img alt="" class="image-article_full_width_580px" height="362" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/0-3_1.jpg?itok=AD9EGaFU" title="Built Brisbane" width="580"><figcaption>Built Brisbane</figcaption></figure><figure><img alt="" class="image-article_full_width_580px" height="580" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/0-2_2.jpg?itok=XmbCWMVX" title="Built Brisbane" width="580"><figcaption>Built Brisbane</figcaption></figure><hr>
 

Coredelia Changes Lodged

<a href="/developers/arklife">Arklife</a> have lodged a minor change development application this week for a 29 storey, build to rent project at <a href="/new-apartments/cordelia-13-17-cordelia-street-south-brisbane">13-17 Cordelia Street</a> in <a href="/developments/south-brisbane-qld-4101">South Brisbane</a>. Dubbed ‘<a href="/new-apartments/cordelia-13-17-cordelia-street-south-brisbane">Cordelia</a>’, the redesign reflects a similar scale of the previous approval, with the new proposal featuring 265 apartments and over 2,400sqm of communal space, in addition to retail and office uses in the heritage premises on site. 
The redesign comes from local firm <a href="/architects/rothelowman">Rothelowman</a> and features a stunning, six storey sky garden in the centre of the tower, opening up the core to natural light and views. Housing lush subtropical planting, Lat27 have also noted that the skygraden “acts as a series of indoor/outdoor spaces at the mid point of the building that provides residents with a mix of social, relaxation and working environments spread over a number of levels”. 
Capped off by an eclectic rooftop, the tower would also offer residents stunning city views from the gardens and pool area. What do you think of the new design?

<figure><img alt="" class="image-article_full_width_580px" height="844" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/0-4_1.jpg?itok=vL31CS1M" title="Built Brisbane" width="580"><figcaption>Built Brisbane
</figcaption></figure><figure><img alt="" class="image-article_full_width_580px" height="255" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/0-5_1.jpg?itok=xfiGW893" width="580"><figcaption>Built Brisbane</figcaption></figure><hr>
 

Stay up to date on either <a href="http://www.instagram.com/builtbrisbane/">Instagram</a> or <a href="http://www.linkedin.com/company/builtbrisbane/">LinkedIn</a>.
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Kokoda Property’s next Brisbane project, The Ambrose, has recently begun construction after Hutchinson Builders were appointed as builders. 

Arklife have lodged a minor change development application this week for a 29 storey, build to rent project at 13-17 Cordelia Street in South Brisbane. Dubbed ‘Cordelia’.

jake

Construction begins on The Ambrose; Coredelia Changes Lodged

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Revised plans for one of suburban Melbourne's largest developments that Apartments.com.au <a href="/news/malverns-super-development-site-subject-to-a-considerable-application">touched upon during August</a> are now available for public comment.

The site in question sits adjacent to Malvern Railway Station and has a principal address of 641-675 Dandenong Road. At 4,739 square metres the land holding was offered for sale during 2017, with Kokoda Property subsequently revealed as the purchaser.

Dubbed <a href="https://www.kokodaproperty.com.au/en/residences/malvern/">Malvern Collective</a>, Kokoda Property carries imagery of the initial design on its website. The Jackson Clements Burrows-designed development seen below has been replaced by a more modest revised application which sees lower than initially intended built form across the site.

The highly angular initial design for the scalene-shaped site has also been tempered to resemble more traditional buildings with a 'defined' roof.

<h2>641-675 Dandenong Road application summary</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image89aq.jpg" rel="gallery-all" title="Dandenong Road perspective. Image: JCB Architects"><img alt="" class="image-article-full-width-580px" height="325" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image89aq.jpg?itok=2nJ7-Dtj" title="Dandenong Road perspective. Image: JCB Architects" width="580"></a>

<figcaption>Dandenong Road perspective. Image: JCB Architects</figcaption></figure><ul>
<li>4,739 square metre site with three street frontages</li>
	<li>Expected build value: $80 million</li>
	<li>Proposed: 17 and 10 storey buildings with the taller at 55.9 metres</li>
	<li>265 apartments: 94 x 1BR, 154 x 2BR, 16 x 3BR, 1 x 4BR</li>
	<li>5 level basement with option for a subterranean link to Malvern Railway Station</li>
	<li>Provisions for 371 vehicles and 203 bicycles</li>
	<li>Existing 'Angel Tavern' to be restored</li>
	<li>7 retail tenancies amounting to 1,137 square metres with ability to increase if required</li>
	<li>753 square metre commercial tenancy</li>
</ul>
Jackson Clements Burrows on Malvern Collective's form:

<blockquote>
The unique qualities of the site have determined the proposals siting, massing and overall form.

With interfaces to Glenferrie Rd, Dandenong Rd, Station Place and the rail corridor to the north, the lower podium is characterised by a series of articulated columns that set the rhythm of the pedestrian experience and whose datum closely aligns to that of the adjacent heritage buildings. The columns also fluctuate in depth to provide protection from traffic to the south, the summer sun to the north and visual privacy on the oblique approach.

The upper forms are conceived as a series of undulating peaks that strategically lower to sensitive interfaces and minimise overshadowing to the south. The chamfered forms allow the implementation of generous east and west facing terraces which offer select apartments ‘gardens in the sky’.

The mostly light coloured curtain walls and associated fins are articulated as the main facade element with the enclosed areas recessed back from the outer envelope. This provides permeability through the extremities of the building and a depth to the facade through the use of light and shadow.
</blockquote>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image92_8.jpg" rel="gallery-all" title="The initial Dandenong Road design cited via Kokoda's website"><img alt="" class="image-article-full-width-580px" height="259" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image92_8.jpg?itok=bPqY5nnT" title="The initial Dandenong Road design cited via Kokoda's website" width="580"></a>

<figcaption>The initial Dandenong Road design cited via Kokoda's website</figcaption></figure><h2>Kokoda Property true to their word when it comes to infill development</h2>

During 2017 Kokoda Property prompted calls for <a href="/news/kokoda-property-calls-for-in-fill-development-in-the-eastern-middle-ring">more in-fill development sites in what it calls "Melbourne’s undersupplied eastern middle-ring"</a> in order to fill the demand for quality apartments and townhomes in the leafy suburbs.

At the time Kokoda Property Sales and Marketing Director Sam Tucker spoke of the underlying demand for apartment developments across Melbourne's eastern middle-ring suburbs, driven by wealthy downsizers. This has been reflected in the recent projects undertaken locally by the developer.

Malvern Collective joins a boutique current apartment development dubbed The Mowbray at Camberwell's 553-555 Burke Road and the recently completed Trentwood at 25 Trent Street, Glen Iris as examples of kokoda Property's shift in focus to inner eastern Melbourne suburbs.

<h2>641-675 Dandenong Road development team</h2>

<ul>
<li>Developer: Kokoda Property Group (Malvern Development Partnership Pty Ltd)</li>
	<li>Architect: Jackson Clements Burrows Architects</li>
	<li>Urban Planning: Contour Consultants</li>
	<li>Landscape Plan: Tract Landscape Architects</li>
	<li>Cultural Heritage Statement: Archaeology At Tardis</li>
	<li>Traffic Impact Assessment: GTA Consultants</li>
	<li>Waste Management Plan: Leigh Design</li>
	<li>Utility Services: Intrax Consulting Engineers</li>
	<li>Noise and Vibration Consultants: Octave Acoustics</li>
	<li>Heritage Consultant: Lovell Chen</li>
	<li>Urban Design Consultant: Message Consultants</li>
	<li>Site Survey: Bosco Jonson</li>
</ul>
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