<a href="https://www.apartments.com.au/developers/far-east-consortium">Far East Consortium</a> is preparing to commence construction on <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> this October, marking the next milestone for the Melbourne CBD development and its higher-end Eliza Collection.

Spanning levels 44 to 68 of the 68-storey <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed tower, the Eliza Collection has been conceived as a lower-density offering within the broader development, with only five apartments on each floor, dedicated lift access and a collection of resident spaces reserved exclusively for Eliza Collection residents.

The Eliza Collection forms part of Far East Consortium's broader move toward larger-format residences at 640 Bourke Street, where the number of apartments was reduced from earlier plans as apartment sizes increased.

[smartcode_project:default project_id=509 project_image_fid=365685]

"What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Far East Consortium Director of Sales and Marketing Lauren Sheldon said.

Rothelowman Associate Jun Chang said the design process provided an opportunity to create more generous floorplans.

"We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."

[smartcode_project:default project_id=509 project_image_fid=368869]

That thinking carries through to the Eliza Collection, where the residences have been designed around the space and functionality associated with a larger home, but positioned high above the centre of Melbourne.

Kitchens are equipped with Gaggenau appliances, a butler's pantry, temperature-controlled wine cabinet and sculptural pendant lighting, while engineered timber flooring, stone and porcelain finishes and custom cabinetry feature throughout the broader interiors.

Privacy and security are another point of distinction. Eliza Collection residents have dedicated lift access, while 640 Bourke Street will provide concierge services and secure resident parking. Short-stay accommodation, including Airbnb, will not be permitted within the development.

[smartcode_project:default project_id=509 project_image_fid=365689]

Eliza Collection residents will also have exclusive access to selected amenity spaces across levels one and three of the restored Eliza Tinsley building. These include the Salon with grand piano, an art therapy room, private dining rooms and treatment rooms.

They sit within more than 3,000 sqm of amenity planned across 640 Bourke Street, alongside facilities including a pool, gym, whisky lounge and further social and wellness spaces.

The Eliza Tinsley building itself is central to the wider project's identity. Rather than treating the existing Eliza Tinsley façade as a separate element, Rothelowman used it as a starting point for the architecture of the new tower, with the historic building to accommodate the project's gallery and lobby.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

[smartcode_project:default project_id=509 project_image_fid=368872]

The tower will rise behind the retained heritage building at 640 Bourke Street, placing residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market and the Docklands waterfront.

With construction scheduled to begin in October, Far East Consortium has established an onsite display gallery at 640 Bourke Street, including fully built apartments that allow the project's layouts, materials and finishes to be inspected at full scale.

A fully built Eliza Collection apartment is also available to view at the display suite by appointment ahead of the planned October construction commencement.

Eligible purchasers who buy before construction commences can secure the full available off-the-plan stamp duty savings, subject to eligibility and applicable conditions.

[smartcode_project_cta:default project_id=509]

Joel Robinson

Far East Consortium brings Eliza Collection to 640 Bourke Street ahead of October construction start

By the time S&amp;S Projects began planning <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia</a>, the developer already had three Rainbow Bay projects from which to draw.

Flow, Awaken and Esprit had given <a href="https://www.apartments.com.au/developers/ss-projects">S&amp;S Projects</a> experience developing in the southern Gold Coast enclave, as well as buyer feedback that could be carried into its fourth project, a boutique collection of 38 residences at 271 Boundary Street.

“We have experienced a lot of success in this location and as this was our fourth building we had taken all of the learnings and buyer feedback from previous projects to arrive at a design and apartment mix that we believe had captured all of that experience and remained a true S&amp;S Project in its design and amenity,” the developer said.

That experience has translated into a collection of two, three, four and five-bedroom residences including two penthouses positioned on an elevated corner in Rainbow Bay, where the site opens to multiple coastal view corridors and the area's distinctive north-facing bay.

[smartcode_project:default project_id=140491 project_image_fid=284542]

S&amp;S Projects says the Boundary Street site took years to assemble, having previously comprised six units, a house and a duplex. The developer worked individually with the existing owners to bring the properties together after an earlier attempt to sell the site had been complicated by the number of parties involved.

“We are constantly looking for properties that meet our brand standards of location, views, and sites that are rare with unique aspects that we can develop to maximise the lifestyle of residents who live in our buildings,” S&amp;S Projects said.

The Boundary Street site gave <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a> a different set of conditions to work with.&nbsp;

“Our design brief was to design a building that took advantage of its unique elevated corner siting offering a range of spectacular view corridor opportunities,” Cottee Parker said.

“The design had to reinforce the strong brand pillars of S&amp;S which are quality, luxury and superior resident amenity.”

[smartcode_project:default project_id=140491 project_image_fid=284543]

Cottee Parker responded with a sculptural floorplate and strong horizontal banding, with continuous balconies and landscaped planters wrapping the building. Operable screens along the balcony edges allow residents to manage light and shade while creating an additional layer of pattern across the facade.

The tower rises above a heavily landscaped podium incorporating the entry lobby and recreational level, while the broader architectural expression takes cues from Rainbow Bay's coastal environment through its organic forms and light material palette.

Cottee Parker says the design has also been developed to complement S&amp;S Projects’ three previous Rainbow Bay developments while retaining its own architectural identity.

Inside, the residences continue that coastal response through two interior schemes centred on warm timbers and neutral tones, alongside patterned natural stone and fluted detailing.

Floor-to-ceiling sliding glass doors connect open-plan living areas to wraparound balconies, while natural stone is used across benchtops, splashbacks and bathroom walls. Specifications also include light-washed timber flooring, gas fireplaces, integrated bar and wine fridges, freestanding stone baths and 100 per cent wool carpet.

[smartcode_project:default project_id=140491 project_image_fid=284559]

Cottee Parker Director Sandra Brown said the intention was to create an architectural response closely connected to its surroundings.

“Imagine architecture that breathes with the rhythm of nature, where every curve and line flows seamlessly – creating spaces that dance with the elements, where sunlight kisses every surface and the gentle sea breeze fills every space,” Brown said.

The lessons S&amp;S Projects carried into Radia also extend to its resident amenity, with a substantial collection of shared facilities planned for just 38 residences.

A dedicated Residents Club will include a lap pool and spa, gymnasium, ice bath, sauna, steam room and hot rocks sauna. A residents' lounge, private dining room, outdoor dining and barbecue area and business centre are also planned, along with storage and dedicated surfboard and beach lockers.

S&amp;S Projects Founding Director Paul Gedoun said the facilities were also designed around the project's Rainbow Bay setting.

“Each amenity is designed to capitalise on the lifestyle of Rainbow Bay, ensuring residents can enjoy the relaxed coastal experience the enclave is famous for,” Gedoun said.

[smartcode_project:default project_id=140491 project_image_fid=284555]

<a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a> says purchasers to date have predominantly included local downsizers, interstate lifestyle investors and families, alongside a strong contingent of repeat S&amp;S purchasers.&nbsp;

According to the project sales team, feedback has centred on the natural stone and joinery, generous floorplans, natural light and the ability for residences to capture views in multiple directions. The completed Flow, Awaken and Esprit developments have also provided prospective purchasers with an existing reference point for S&amp;S Projects' delivery in Rainbow Bay.

There has also been interest from high-profile surfers and people connected to the surf community, with the elevated building providing outlooks towards several of the area's recognised surf breaks.

Radia continues S&amp;S Projects' concentration of development in a tightly held part of the southern Gold Coast, close to Rainbow Bay Beach, Snapper Rocks, Duranbah Beach, Greenmount Beach and the Tweed River. The neighbourhood also includes a growing collection of hospitality venues, while Coolangatta Airport provides connections beyond the southern Gold Coast.

Hutchinson Builders is now delivering Radia, continuing the project from early works privately funded by S&amp;S Projects. The $250 million development is expected to reach completion in the third quarter of 2027.

“With our history in Rainbow Bay, we have been fortunate to be heavily involved in how the development landscape has unfolded and this project slides into the property landscape comfortably and will feel like it was always there,” the developer said.

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How three Rainbow Bay projects shaped S&S Projects' fourth, Radia

Nearly 40 years after <a href="https://www.apartments.com.au/developers/sheida-group">The Sheida Group</a> began working on the northern Gold Coast, the family-owned developer is continuing its involvement in Hope Island with Marina Point Apartments, where apartment scale has been a central part of the development.

Across the 235-apartment waterfront community, the developer has prioritised larger floorplans, substantial open space and marina access, responding to a purchaser base that has predominantly comprised local owner-occupiers and downsizers moving from larger homes.

"Having already delivered Anchorage nearby, we also understood this particular market and how people live here," developer Rick Sheida said.

"<a href="https://www.apartments.com.au/new-apartments/marina-point-apartments-hope-island-66-view-line-terrace-hope-island-qld-4212">Marina Point&nbsp;Apartments</a> gave us the opportunity to build on those lessons and create the next evolution of our work in Hope Island."

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The Sheida Group acquired the Marina Point land around 2018. Its appeal, Sheida says, went beyond having a waterfront address.

"What attracted us was not simply that the site was waterfront, but the way it meets the water," he said.

"It sits at the junction of broad waterways, creating long sightlines, changing views and a sense of movement throughout the day. Its shape also allowed us to orient the buildings outward, improve privacy between residences and make better use of natural light and breezes."

The buildings have subsequently been positioned around the perimeter of the site, allowing most apartments to take in water views while others look across the resort amenity or hinterland. Once all four buildings are complete, approximately one hectare of the site is expected to remain as open space.

The waterfront also provides the potential for up to 50 marina berths, with berths ranging from 15 to 24 metres and options designed to accommodate wider vessels including catamarans. Access from the marina to the Gold Coast Seaway is bridge-free.

[smartcode_project:default project_id=136992 project_image_fid=293149]

The developer says purchasers to date have predominantly been owner-occupiers and downsizers from <a href="https://www.apartments.com.au/new-apartments/marina-point-apartments-hope-island-66-view-line-terrace-hope-island-qld-4212">Hope Island</a> and elsewhere on the Gold Coast, generally aged between 45 and 70. Many have sold larger family homes or properties requiring significant upkeep.

That purchaser profile informed a design brief centred on retaining the space and functionality of a larger home within an apartment format.

"Many of our buyers are coming from large, well-appointed homes in Sanctuary Cove and the surrounding area," the project team said.

"They are accustomed to generous spaces and thoughtful design, so it was important that the apartments delivered the same sense of comfort and functionality.

"Every room needed to feel well proportioned, every space needed a clear purpose and nothing could feel compromised."

Residences range from 139 sqm through to 319 sqm penthouses, with two car spaces provided to apartments and three to penthouses. Minimum 2.7-metre ceilings, floor-to-ceiling glazing, entertainer's kitchens with butler's pantries, substantial storage and balconies ranging from 18 sqm to 37 sqm further reflect the emphasis on space.

One purchaser from Sanctuary Cove has taken the concept further, combining two of Marina Point's largest apartments to create a 552 sqm residence with raked ceilings reaching up to 4.5 metres.

[smartcode_project:default project_id=136992 project_image_fid=293155]

With Building 1 now complete, the developer is also seeing its original design assumptions tested against purchaser feedback.

Three completed display residences allow prospective purchasers to compare apartment sizes, layouts, finishes and outlooks in person. The sales team says one of the most consistent responses has been to the scale of the apartments, with visitors describing them as feeling more like homes than conventional apartments.

The first stage of resident amenity is also operational, including a 25-metre heated lap pool, Technogym-equipped gym, infrared sauna, golf simulator and yoga room. Future facilities are set to include a resort-style pool and spa, waterfront barbecue area and a residents' lounge with a library, fireplace, pool table, kitchen and bar.

Rather than treating the four buildings independently, the design brief called for a complete waterfront neighbourhood, balancing private residences with landscaping, open space, marina access and shared amenity.

[smartcode_project:default project_id=136992 project_image_fid=293152]

For Sheida, Marina Point Apartments is ultimately an extension of the developer's longer-term involvement in Hope Island and its view of how the suburb is evolving.

"We were equally interested in the long-term future of Hope Island," he said.

"Its position between Brisbane and the central Gold Coast gives residents access to both, while improving transport connections are making the northern Gold Coast increasingly attractive as a permanent place to live."

Hope Island Marketplace is 1.3 kilometres from Marina Point, while Sanctuary Cove and Paradise Point are within six kilometres. Links Hope Island, The Pines and The Palms golf courses are also nearby, and the new Hope Island train station is under construction around five kilometres from the development.

Building 2 is under construction, with completion scheduled for 2027.

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Marina Point Apartments continues The Sheida Group's 40-year Hope Island story

Sydney-based fund manager and developer EG is seeking to turn part of the former Roche pharmaceutical campus in Cromer into a 130-home residential community, introducing a mix of low-rise apartments, townhouses and duplexes to the tightly held Northern Beaches market.

The SJB-designed masterplan has been prepared for the 3.2-hectare site at <a href="https://www.apartments.com.au/new-apartments/100-south-creek-road-cromer-nsw-2099">100 South Creek Road</a>, part of the former Roche landholding that EG acquired for $55 million in 2017 through its Yield Plus Infrastructure Fund No. 2.

EG is proposing what SJB describes as a new "urban village" set within the site's significant existing tree canopy.

<img alt="Cromer" data-entity-type="file" data-entity-uuid="482c9a58-49f1-4c53-a12e-aaa02336229f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-24%20at%2011.20.57%E2%80%AFAM.png?VersionId=hZP8_XfPnfNq500dbcjlpVwYU1ebhF9_" />

Around three hectares of the site is considered developable, with the balance incorporating a riparian corridor that would be rehabilitated and revegetated as part of the proposal.

The indicative masterplan comprises approximately 72 apartments in low-rise residential buildings and another 58 townhouses and duplexes.

The apartment component would include around five one-bedroom, 37 two-bedroom and 30 three-bedroom residences, while the townhouse and duplex component would be spread across several different housing typologies. The overall scheme would deliver around 19,500 sqm of gross floor area at an FSR of 0.6:1.

Parking for the apartment component is currently estimated at around 112 resident spaces and 14 visitor spaces, while the townhouse and duplex component would have 116 resident and 12 visitor spaces.

A significant part of the masterplan revolves around retaining the established landscape character of the former Roche campus.

SJB's plans show heavily treed setbacks along both Campbell Avenue and South Creek Road, a centrally located collection of significant native and exotic trees retained as communal open space, and the regeneration of the northern bushland area.

The existing creek corridor along the site's western edge would also be rehabilitated and revegetated, creating additional separation between the new homes and the neighbouring Northern Beaches Business Park.

A heritage-listed cottage and its garden setting would be retained and restored, with SJB flagging its potential adaptive reuse as communal space.

The proposal also includes new communal recreation areas, pedestrian connections to Campbell Avenue and South Creek Road, and a contribution toward improvements to the adjoining Michele Reserve.

Vehicular access would be restricted to South Creek Road, with no vehicle entry proposed from Campbell Avenue. The main internal road would largely follow the site's existing driveway to minimise the impact on established trees.

SJB said residential redevelopment presented an opportunity to retain the majority of the site's heritage-listed mature trees while delivering a broader range of housing types than typically seen across the Northern Beaches.

"The site being 3.27 hectares in area represents one of the largest vacant sites in common ownership in the Cromer and Dee Why area capable of residential renewal," SJB noted in the masterplan.

The architect said the proposal would particularly target housing diversity through townhouses and other "missing middle" typologies suitable for singles, young families, downsizers and retirees.

<img alt="Cromer" data-entity-type="file" data-entity-uuid="e3f5d841-8491-427e-8ada-c70d3d03d6bc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-24%20at%2011.21.02%E2%80%AFAM.png?VersionId=xTV7r.q8lrTzC9vKzMS9zMbjm9wKwhgm" />

The site emerged following the subdivision of the former Roche campus into eastern and western parcels.

EG has already transformed the western portion into the Northern Beaches Business Park, which incorporates heritage-listed office space, modern warehouses and indoor recreation facilities.

The proposed residential community, referred to as Cromer East in SJB's plans, adjoins established housing to the north, east and south-east, while the business park sits beyond the creek corridor to the west.

It is also within 250 metres of Pittwater House School and Northern Beaches Secondary College, while bus stops within a three-to-five-minute walk provide connections to Dee Why, Brookvale and express services to the Sydney CBD. Cromer Park and the South Creek open space corridor are also nearby.

EG acquired the broader 7.5-hectare former Roche campus in 2017 for $55 million through its Yield Plus Infrastructure Fund No. 2. The campus at the time comprised more than 25,000 sqm of industrial and office buildings set within landscaped grounds.

The current residential site represents the eastern portion of that original holding.

EG's investment strategy for the fund has centred on acquiring income-producing real estate with longer-term rezoning and repositioning potential, particularly assets benefiting from infrastructure and changing land-use patterns.

EG also has an established residential track record across Sydney, including Bosco in Five Dock, Tempo in Drummoyne, The Flour Mill in Summer Hill and Pindari in Randwick.

The developer says it has delivered more than 1,000 homes to date, with a further 3,000-plus residences across its development pipeline.

First look: EG plans 130 apartments on former Roche pharmaceutical campus in Cromer

<a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> has lodged plans for a $750 million, three-tower mixed-use precinct that would complete the long-running redevelopment of Carlton's former Carlton United Breweries site.

The proposal at <a href="https://www.apartments.com.au/new-apartments/185-195-queensberry-street-carlton-vic-3053">46-78 Bouverie Street and 185-195 Queensberry Street</a> spans a 6,468 sqm site, the last remaining undeveloped parcels within the former brewery's 2007 masterplan.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the development will comprise two purpose-built student accommodation towers and a third build-to-sell apartment tower above a shared commercial podium and basement.

Across the three towers, SP Setia is proposing 606 build-to-sell apartments and 1,499 student accommodation units containing 2,009 beds.

The apartments will sit in the tallest tower, which will rise nearly 200m and 55 storeys. It will become&nbsp;one of the more substantial new build-to-sell apartment projects at the northern edge of Melbourne's CBD.

The apartment mix is weighted toward smaller inner-city product, with 188 studios, 206 one-bedroom apartments, 192 two-bedroom apartments and 20 three-bedroom apartments

<img alt="First look: SP Setia plans three-tower finale for Carlton’s former CUB precinct" data-entity-type="file" data-entity-uuid="8271bc87-1b0a-41b7-ac73-a425ee375261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3_2.png?VersionId=G4lw23o90B1boX4k4dj7rdz2ZEajS9wy" />

Part of the precinct will be a large-scale&nbsp;3,684 sqm supermarket and a further 2,198 sqm of speciality retail, creating close to 5,900 sqm of new commercial space within the precinct.

But one of the biggest components of the proposal is what sits between the buildings.

Around 4,650 sqm, or roughly 72 per cent of the site, will be publicly accessible open space, incorporating plazas, pedestrian connections, landscaped laneways and retail spill-out areas.

The ground plane is intended to finally complete pedestrian connections envisaged when the CUB masterplan was first approved nearly two decades ago, stitching together Victoria Street, Queensberry Street, Bouverie Street and Swanston Street through the former brewery precinct.

Urbis said the development would "complete the CUB precinct", with the public realm providing important north-south and east-west connections through what is currently the final undeveloped portion of the masterplanned site.

SP Setia is also exploring a new linear park within the Bouverie Street road reserve, with the concept to be developed further with the City of Melbourne through the planning process.

The proposal is being pursued through the Victorian Government's Development Facilitation Program under Clause 53.23 for significant residential development with affordable housing.

The planning report acknowledges the proposed heights exceed those contemplated under the original Comprehensive Development Plan and masterplan, but argues the built-form context has changed considerably over the past two decades.

Urbis said the three towers would instead create a stepped transition between Carlton and the Hoddle Grid, rising progressively from the 94.1-metre Tower One along the Queensberry Street edge to the 199.44-metre Tower Three closer to the established CBD-scale buildings to the south.

<img alt="SP Setia" data-entity-type="file" data-entity-uuid="e885a07a-592c-40fc-bf82-e6dbaf32da54" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.52.24%E2%80%AFAM.png?VersionId=7s_ErUkSKAdY1mAWp3GRZgMNCGtwhk5m" />

SP Setia plans to deliver the development across three stages.

Stage One would deliver the basement, podium and retail areas for the entire precinct alongside the first student tower. Tower Two would follow in Stage Two, before the 606-apartment Tower Three is delivered as the final stage.

If approved and delivered, the project would close out a redevelopment process that has been underway since the former brewery masterplan was approved in 2007, adding more than 2,600 student beds and apartments to a precinct already home to Swanston Central, the Barak Building, RMIT Design Hub and several large student accommodation developments.

&nbsp;

&nbsp;

SP Setia plans three-tower finale for Carlton’s former CUB precinct

Lendlease

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Melbourne Quarter luxury sky homes are continuing to receive steady buyer interest, with buyers purchasing 90% of properties released to the market within the first sales phase.

The impressive sales statistics could indicate an equally strong demand for human-centric design in today’s built environment.

Biophilic design is the creation of living spaces which enhance the quality of wellbeing of the building’s occupants. Wellness is often better facilitated through the integration of nature, having sensitivity to the requirements of residents/workers and an environmentally conscious approach to design.

Developer Lendlease has dedicated more than half of the Melbourne Quarter mixed-use precinct to green open space, with a vast majority available to be enjoyed by the public – including an elevated Sky Park, the first of its kind to be available for public use.

The goal was to blur the lines between built form and nature, which has been masterfully achieved by the talented landscape design team at Aspect Oculus.

Aspect Oculus have thoughtfully curated multiple green spaces, with stand-out features including:

<ul>
<li>Verdant green open spaces for public use</li>
	<li>Integrated nature within each building’s façade using trellis to create vertical planting</li>
	<li>All 40 storeys also feature large planter boxes, allowing residents to plant gardens</li>
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<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/melbourne-quarter-628-flinders-street-docklands-69f3c8c4ee0e466260de5c19455cab3c.jpg" rel="gallery-all" title="Arial view of Melbourne Quarter featuring a prominent sky garden"><img alt="" class="image-article-full-width-580px" height="326" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/melbourne-quarter-628-flinders-street-docklands-69f3c8c4ee0e466260de5c19455cab3c.jpg?itok=XzKDrMs2" title="Arial view of Melbourne Quarter featuring a prominent sky garden" width="580"></a>

<figcaption>Arial view of Melbourne Quarter featuring a prominent sky garden</figcaption></figure><h2>Melbourne Quarter apartments</h2>

Currently on offer is a range of one, two and three-bedroom contemporary homes, which feature a timeless, minimalist design and spacious living areas.

Residents will love the floor-to-ceiling joinery, with expansive views of the CBD and beyond, as well as the world-class on-site amenity.

Residents will be able to use Melbourne Quarter’s resort-style swimming pool, gymnasium, library, cinema, and more at the three-level luxury lifestyle centre, Club MQ.

<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/melbourne-quarter-628-flinders-street-docklands-4664177c52acdede07fa0b567887c4ba.jpg" rel="gallery-all" title="Melbourne Quarter resort style swimming pool"><img alt="" class="image-article-full-width-580px" height="326" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/melbourne-quarter-628-flinders-street-docklands-4664177c52acdede07fa0b567887c4ba.jpg?itok=zMyK8j04" title="Melbourne Quarter resort style swimming pool" width="580"></a>

<figcaption>Melbourne Quarter resort-style swimming pool</figcaption></figure><h2>Location selling points</h2>

Across the road from Southern Cross station and bordering Collins and Flinders Streets, Melbourne Quarter is excellent for those looking for walkable convenience.

With an outstanding walk score of 99 per cent and a transit score of 100 per cent, the development’s near-perfect rating is a considerable value-add. Also, its appointment among a thriving hub of progressive development could be another indication of a sound investment.

<h2>Deals available to buyers</h2>

Despite the competitive nature of this development, Lendlease has chosen to further entice buyers with a range of added financial benefits.

These include:

<ul>
<li>100% interest on deposit</li>
	<li>Local stamp duty + legal fee rebates</li>
	<li>Blinds packages</li>
</ul>
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Olivia Round

Apartments now 90% sold: Biophilic design a key contributor to Melbourne Quarter's sales success

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Lendlease Engineering, together with its joint venture partner CPB Contractors, has secured the $644 million contract to undertake the major bulk earthworks package at Western Sydney International (Nancy-Bird Walton) Airport.
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This extensive package of works includes delivery of the detailed design and construction of earthworks and drainage for the new airport, as well as topographical design for the entire airport precinct.
It is one of Australia’s largest ever bulk earthworks infrastructure projects to be awarded outside of the mining sector.
Dale Connor, the CEO of Lendlease building and engineering, said up to 500 people are expected to work on the important stage.
"Lendlease has a long history of participating in the development of Western Sydney and we look forward to delivering this next stage of the Western Sydney International project”, Connor said.
“As Western Sydney’s future aerotropolis, the work on Western Sydney International will be a major contributor to the economic and social development of the region.
"This project gives Lendlease the ability to provide further skills, training and employment opportunities across Western Sydney."
The airport is being developed in stages by the Federal Government-owned Western Sydney Airport in response to passenger demand.
Stage 1 will see a single runway airport constructed with capacity for up to 10 million passengers a year.
The first package of works, also undertaken by Lendlease and CPB Constractors, began in September 2018.
The new bulk earthworks package will commence early next year and is scheduled to be completed in 2022.
 
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j.ballantyne1990-6AQqhLzZaK

Lendlease win contract for Badgerys Creek airport earthmoving 

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In Lendlease's end of financial year report they disclosed that their engineering division was the leading cause of the 41% dip in after tax profit in FY19.
The firm said earnings before interest, tax, depreciation and amortisation dropped 30 per cent to $1.25 billion last year.
Alongside that dip, after tax earnings fell from $793 million to just $467 million.
EBITDA earnings in its construction and investment arms declined by roughly one-third for the year to June.
“It was a difficult year for the Group with the provision taken in the first half for underperforming engineering projects impacting the overall result," Lendlease chief executive Steve McCann said.
He pointed the finger at the ongoing separation process. Lendlease is trying to sell the engineering and services business.
Lendlease declared a final dividend of 30¢, down from 35¢ a year earlier.
Despite these seemingly troubled waters, Lendlease shares spiked 8.35% to $14.67 just a few hours after the ASX announcement.
According to the report EBITDA earnings on their Development arm of the business rose 18% to $793.
They cited strong apartment settlements at its Darling Square project in Sydney and the office precinct at Paya Lebar Quarter project in Singapore. They also praised their strong pipeline .
"Three major urbanisation projects were added to the pipeline during the year in Sydney, Chicago and Milan. Post balance date we secured an urbanisation project in the San Francisco Bay Area. These four projects have a combined development end value of approximately $27 billion," LendLease said.
In a spot of good news for Lendlease the Berejiklian government has ceded to Crown Resorts and Lendlease settling a long-running legal battle with them over views from their high-rise developments at Barangaroo.
Crown and Lendlease took the case to the NSW Supreme Court to retain "sight lines" from their developments at Barangaroo South to the Sydney Opera House and Harbour Bridge.
In December the court found the government had not negotiated in good faith with the two companies about its plans to develop Central Barangaroo.
Crown Resorts said in a statement that the parties had reached an confidential out-of-court settlement and an appeal would not go ahead, meaning the case is officially settled in Lendlease's favour. 
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Lendlease profit down 41% but wins Barangaroo views  case

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A major Japanese company is reported to be considering a takeover of the $7.21 billion real estate and construction group Lendlease.
The Australian reported it was a takeover target, with shares rising in early trade this morning by almost nine percent to $13.97.
The shares fell back to $13.55 after the company responded at 11am with "Lend Lease notes speculation in today's The Australian regarding potential corporate activity."
"Lend Lease confirms it has not received any such approach."
According to the report, a major Japanese company, suspected to be Mitsui, was believed to be plotting an acquisition of the company.
The Japanese company is rumoured to be interested in acquiring the company and then breaking it up and offloading different parts to other suitors.
Last month Lend Lease was dubbed an "underperforming large cap property stock" by JP Morgan which flagged them as potential takeover targets.
Lendlease was hit hard on a profit warning late last year due to issues with its engineering business.
The property and construction group is currently trying to sell its engineering arm.
Lend Lease faces a shareholder class action lawsuit relating to its shock profit downgrade but JP Morgan doesn’t think this will be much of a deterrent to potential suitors.
Lendlease share price is trading lower than its 52-week high of $21.73.
 
 
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Japanese takeover looms for real estate group Lendlease

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The City of Melbourne via its Future Melbourne Committee last night resolved to provide support for an amended design to Lendlease's Melbourne Quarter Tower in Docklands.

Replacing an earlier endorsed scheme for a 27-storey office building of 92,086 sqm (GFA), the revised design would instead rise 32-storeys above Wurundjeri Way for an overall height of 147.15m and a GFA of 101,998sqm, thus making it Docklands' tallest building.

Height and GFA aside, the form of the tower has also changed with Woods Bagot adopting a 'curved' sweeping form that is concave in plan to the west and a concave to the east. This replaces DCM's more rectilinear scheme which also included a protruding volume at its summit, known as the 'Sky Room'.

Internally the new scheme also features four x three-storey terraces above level 21, where the low-rise lift banks drop-off, though City of Melbourne believes these could be better expressed externally to aid in reducing the visual mass of the tower further.

<blockquote>
"Noting the visibility of the form particularly from across the Fairfax building, we encourage the more direct expression of the terrace and common areas where the low rise lift drops off above Level 21. The expression of 
these spaces in the elevation would greatly enhance the presentation of this long elevation through creating ‘moments’ of interest centrally within the façade, with depth, shadow play and vegetation visible. A shift to a legible winter garden or louvred glazing approach would be strongly encouraged."

- City of Melbourne's Urban Design team
</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/mqt_0.jpg" rel="gallery-all" title="A reimagined Melbourne Quarter Tower. Image: Woods Bagot"><img alt="" class="image-article-full-width-580px" height="884" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/mqt_0.jpg?itok=512liRq0" title="A reimagined Melbourne Quarter Tower. Image: Woods Bagot" width="580"></a>

<figcaption>A re-imagined Melbourne Quarter Tower. Image: Woods Bagot</figcaption></figure>The City of Melbourne's Urban Design team was otherwise supportive of the design changes highlighting the curvilinear form as adding to the diversity of the architecture in the area.  According to the Urban Design Team, the introduction of fins to add shade and depth and an ordering grid was also a welcome addition however, encouraged further development of this.

Meanwhile, work continues on another Woods Bagot-designed commercial tower in the precinct - the 25-storey Two Melbourne Quarter, with the first of the facade panels installed.

Two Melbourne Quarter joins Fender Katsalidis' East Tower which is shooting up to its eventual height of 143m and 41-storeys.

<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/redden_2mq.jpg" rel="gallery-all" title="L-R: Two Melbourne Quarter | East Tower. Images: redden"><img alt="" class="image-article-full-width-580px" height="216" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/redden_2mq.jpg?itok=3D2McpxK" title="L-R: Two Melbourne Quarter | East Tower. Images: redden" width="580"></a>

<figcaption>L-R: Two Melbourne Quarter | East Tower. Images: redden</figcaption></figure>Lendlease has already completed One Melbourne Quarter and stage 1 of the SkyPark, with the second stage to be delivered as part of Melbourne Quarter Tower.

With City of Melbourne's support in hand, the final planning hurdle to overcome remains Planning Minister Richard Wynne, although this would appear to be a mere formality.

It is expected Lendlease will look to secure an anchor tenant or significant pre-commitment for Melbourne Quarter Tower prior to commencing construction.
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Laurence Dragomir

City of Melbourne provides support for revised Melbourne Quarter Tower

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Investors, represented by Maurice Blackburn, are taking class action against construction giant Lendlease over its share tumble last November following a surprise $350 million write-down on its engineering business that includes the major Sydney road project.
The NorthConnex project is expected to be delivered six months after schedule, due for completion in 2020.
Investors who bought Lendlease shares between February 21 and November 8 can participate in the claim.
The delayed NorthConnex project in Sydney caused its share price plunge caused after revealing it was behind schedule on the multibillion-dollar road development.
Maurice Blackburn will today begin taking registrations for the legal proceedings against the global developer.
The law firm alleges Lendlease broke the Corporations Act by failing to properly inform its shareholders about serious issues in its engineering and services arm and by engaging in misleading and deceptive conduct.
Lendlease saw its shares tumble on the day of the write-down announcement to $14.25 after closing strongly on November 8 at $17.45.
The share fall wiped billions from the company's market capitalisation over a period of five trading days, The Sydney Morning Herald reported.
 
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Lendlease face class action after share price collapse

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Salta's 695-699 LaTrobe Street development is a step closer to being realised following the City of Melbourne providing conditional support for the project via its Future Committee meeting last night. The 29-storey development would rise to an overall height of 94.5m and provide an entry and gateway statement into the precinct.

Located on the corner of LaTrobe Street and Harbour Esplanade, the Fender Katsalidis-designed tower would add 197 hotel rooms under the Hotel Indigo brand in addition to 26 serviced apartments and 276 apartments on one of the last undeveloped plots of land around Marvel Stadium

When it first unveiled the latest design for the site two years ago, Salta announced that it would develop the tower under the 'build-to-rent' model, which would have been a first in Victoria.

Grocon's <a href="/news/bates-smarts-julian-anderson-discusses-build-to-rent">Home Southbank</a> will instead claim that title with the site already cleared in preparation for construction of a 60-storey tower, designed by Bates Smart.

<blockquote>
“Once developed, instead of selling the residential aspects of the building we will retain the 260 apartments and offer them as long-term multi-family leases – a tried and proven concept in overseas markets that will be new for Victorians. Prices in the Melbourne rental market are also increasing at alarming rates, so we are exploring a concept to respond to this situation and provide Victorians with a different housing option."

- Sam Tarascio, Salta Properties Managing Director (May 2017)
</blockquote>

City of Melbourne's Urban Design team cited the lack of a typical podium articulation and the loss of three expressed volumes along the waterfront elevation as its key concerns, features the earlier endorsed scheme displayed.

In response Fender Katsalidis have introduced vertical 'breaks' between the fluid, wave forms in addition to vertical timber fins to the lower levels to provide some articulation of a 'base' and gradation detail to the public realm. 

<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/699-latrobe_before_after.jpg" rel="gallery-all" title="695 LaTrobe Street Before and After. Images: FKA"><img alt="" class="image-article-full-width-580px" height="195" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/699-latrobe_before_after.jpg?itok=3ElzNV3_" title="695 LaTrobe Street Before and After. Images: FKA" width="580"></a>

<figcaption>695 LaTrobe Street Before and After. Images: FKA</figcaption></figure>City of Melbourne's endorsement of 695 LaTrobe Street represents the next wave of Docklands projects and comes hot off the heels of Council also providing conditional support for the next two stages of Lendlease's Collins Wharf development at Victoria Harbour.

The dual tower development of 27 &amp; 28-storeys respectively, will inject 659 dwellings into the precinct and will extend the Docklands skyline ever closer to the Bolte Bridge. The City of Melbourne planners had asked architects Warren and Mahoney to revisit the facade strategy for CW3 to better distinguish the two towers, reflected in the planning elevation below;

<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/collins_wharf_23_elevation.jpg" rel="gallery-all" title="No.2 &amp; No.3 Collins Wharf elevation. Planning Image: Warren and Mahoney"><img alt="" class="image-article-full-width-580px" height="353" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/collins_wharf_23_elevation.jpg?itok=DnTkpu3S" title="No.2 &amp; No.3 Collins Wharf elevation. Planning Image: Warren and Mahoney" width="580"></a>

<figcaption>No.2 &amp; No.3 Collins Wharf elevation. Planning Image: Warren and Mahoney</figcaption></figure>The final say on both developments rests with Planning Minister Richard Wynne's department.
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City of Melbourne provides conditional support for Salta's Docklands project

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Lendlease saw its half yearly profits drop 96.3% to $15.7 million when it released its financials to the ASX this morning.
Its share price went in a similar direction, dropping nearly ¢60 a share.
When the markets opened shares dropped from $14.14 per share to $13.50. The share price has rebounded somewhat late morning to $13.88 per share.
Revenue for the six months to December 31 dipped 11 percent to $7.68 billion, with the $350 million hit cutting profit from $425.7 million a year earlier.
The decline in profits was in majority down to its engineering arm. 
Steve McCann, chief executive and managing director at Lendlease, reiterated his disappointment with the previously announced underperformance of the company's engineering business.
“This was a difficult period where cumulative issues in a number of engineering projects materially impacted the Group’s overall result," McCann said.
"The management team and I are very disappointed with this underperformance and are committed to working to restore securityholder value and confidence in Lendlease.
A review of Engineering and Services has determined the business is non-core, and is no longer a required part of the Lendlease's strategy.
Alternatives for the business are being considered, however restructuring the overall business could cost between $450 million and $550 million before tax, Lendlease said.
McCann said despite a challenging period, LendLease's development pipeline is still growing.
"Despite a challenging period, Lendlease continued to convert origination opportunities in global gateway cities – growing our development pipeline and successfully executing key initiatives with our capital partners,” McCann said.
“We’re starting to see tangible results from broadening our urbanisation platform to additional international gateway cities with the first significant contributions in the half from our projects in Asia and the Americas. 
Lendlease added two new major urbanisation projects to its pipeline – Victoria Cross in Sydney, and Lakeshore East in Chicago. 
The two projects combined have an estimated end development value of more than $3 billion.
 
<div class="story-content">
 
</div>
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jrobinson-rf4aSBido9

Lendlease half year financials see profits drop 96%

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Australian global insurer QBE will join anchor tenant ANZ in Victoria Harbour’s latest commercial building at 839 Collins Street.

QBE will occupy around 6,000sqm across three floors and will move approximately 400 employees from 628 Bourke Street by mid-2019. ANZ has already leased 26,500 sqm of the building.

Designed by award winning architect Denton Corker Marshall, the building’s floorplate designs give clients the flexibility to scale their workplace operations up or down without the need to lease extra space.

All tenants have access to a north-facing outdoor garden and terrace with a multi-purpose sports court, event spaces and BBQ facilities, helping to extend the workplace outdoors.

A vibrant mix of retailers will open at 839 Collins Street throughout the year. This includes the lobby’s restaurant and café, The Other Brother, operated by Melbourne hospitality venture Continental Hospitality Group.

The building, featuring a low-energy underfloor air conditioning system that also improves indoor air quality, is on track to achieve a 6 Star Green Star Design and As Built rating from the Green Building Council of Australia. The Victoria Harbour precinct has already achieved a 6 Star Green Star Communities rating.

The 39,000sqm building is now close to being fully leased and will reach practical completion in March this year.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/839_render_terrace.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="392" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/839_render_terrace.jpg?itok=7LVR9ndT" width="580"></a></figure><blockquote>
 839 Collins Street is a great example of Lendlease developing next generation workplaces where the focus is on innovation and the end customer.

 The Victoria Harbour precinct now has one of the highest concentrations of Green Star rated buildings in Australia and is home to some of the nation’s most recognisable brands. The arrival of large commercial tenants like QBE and ANZ continues to transform the area into a key mixed-use precinct.

- John Burton, Lendlease’s Managing Director, Urban Regeneration
</blockquote>
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Lendlease welcomes QBE to Victoria Harbour

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Developer Lendlease has announced that it has secured International Workplace Group’s (IWG) co-working brand, Spaces at its Melbourne Quarter precinct within Melbourne's Docklands urban regeneration project.

Spaces will occupy approximately 7,000 sqm of space across two buildings comprising, one floor within the recently completed One Melbourne Quarter, and upon completion, more than 4,000 sqm across two floors at Two Melbourne Quarter, currently under construction.

As part of their tenancies, Spaces will also utilise the business lounge facilities in each building’s lobby providing extensions of their workplace with members also having access to the precinct’s wi-fi enabled Sky Park.

<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/mq_towers.jpg" rel="gallery-all" title="Spaces will be occupying 7000sqm across two buildings at Lendlease's Melbourne Quarter. Images: Lendlease"><img alt="" class="image-article-full-width-580px" height="404" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/mq_towers.jpg?itok=bkdniqqz" title="Spaces will be occupying 7000sqm across two buildings at Lendlease's Melbourne Quarter. Images: Lendlease" width="580"></a>

<figcaption>Spaces will be occupying 7000sqm across two buildings at Lendlease's Melbourne Quarter. Images: Lendlease</figcaption></figure>Overall, Spaces will provide 700 flexible workstations when it moves into One Melbourne Quarter in May and Two Melbourne Quarter once it is complete in mid-2020. Space will join future Melbourne Quarter tenants AMP and EnergyAustralia,and Arup and Lendlease, who have already taken occupation of their respective workspaces within One Melbourne Quarter.

According to Spaces, its model allows customers to pay only for the space they need, scaling operations up or down to boost employee productivity in their choice of work environments.

Meanwhile, construction is continuing in earnest at Melbourne Quarter with Two Melbourne Quarter's floorplates and core now well above street level and the first panels of facade now installed on East Tower. 

<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/tmq_construction_progress.jpg" rel="gallery-all" title="Construction progress at Melbourne Quarter. Images: Urban forum member redden"><img alt="" class="image-article-full-width-580px" height="216" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/tmq_construction_progress.jpg?itok=4xDRYuIh" title="Construction progress at Melbourne Quarter. Images: Urban forum member redden" width="580"></a>

<figcaption>Construction progress at Melbourne Quarter. Images: Urban forum member redden</figcaption></figure><h2>What they say...</h2>

<blockquote>
Spaces’ presence at Melbourne Quarter will provide businesses with more adaptable and dynamic places to work. Lendlease is designing precincts with flexible workspaces that provide transport connectivity, outdoor green spaces and retail amenity in one location.

Spaces will introduce a broad range of organisations to Melbourne Quarter, presenting an exciting proposition for the precinct’s existing workforce and retailers.

- John Burton, Lendlease’s Managing Director, Urban Regeneration
</blockquote>

 

<blockquote>
There is a workspace revolution underway in Australia and businesses of all sizes are waking up to the strategic and financial benefits that flexible office space can provide.

This will be the fourth Spaces co-working centre located in Victoria and we are extremely excited to be located in the new Melbourne Quarter Precinct. This year, the growth of flexible working is predicted to rise across Australia, as more office-based activity is demanding greater choice and flexibility in the workplace, for businesses, organisations and their employees.

- Damien Sheehan, Head of IWG, Spaces parent company in Australia &amp; New Zealand
</blockquote>

 

 
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