Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Melbourne Quarter

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As indicated in Apartments.com.au's <a href="/news/is-2018-the-year-of-commercial-for-the-melbourne-market">article on commercial development</a>, site works have commenced on the Two Melbourne Quarter site, which forms part of the greater Melbourne Quarter development being delivered by Lendlease within the Docklands precinct.

This has coincided with Lendlease securing EnergyAustralia as the anchor tenant for Two Melbourne Quarter and signing a development agreement to commence construction in earnest. EnergyAustralia has agreed to lease approximately 22,000 sqm of the 50,000 sqm tower, occupying 10-and-a-half levels of the building’s high-rise floors, leaving approximately 12 contiguous floors remaining.

<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_aerial_rs.jpg" rel="gallery-all" title="Early siteworks are already underway at Two Melbourne Quarter. Image : Ryan Seychell"><img alt="" class="image-article-full-width-580px" height="386" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/mq_aerial_rs.jpg?itok=lAzZ63U5" title="Early siteworks are already underway at Two Melbourne Quarter. Image : Ryan Seychell" width="580"></a>

<figcaption>Early siteworks are already underway at Two Melbourne Quarter. Image : Ryan Seychell</figcaption></figure>The Woods Bagot-designed tower features flexible 2,000 sqm floor plates and is expected to house up to 4,500 new workers.

First State Super and Lendlease Investment Management's Australian Prime Property Fund (APPF) Commercial will each hold a 50 per cent interest in the 25-storey tower, which will target leading sustainability outcomes and ratings in energy and water consumption, waste management, and indoor environment quality, including a 6-Star Green Star Design &amp; As Built rating and a 5.5 Star NABERS Energy rating.

APPF Commercial is the first Australian fund to be awarded a 6-Star Green Star portfolio performance rating and was also ranked number one in the 2017 Global Real Estate Sustainability Benchmark (GRESB) across all sectors globally. Two Melbourne Quarter is the second of three commercial towers planned for the precinct.

The first tower, One Melbourne Quarter is 90 per cent leased and on schedule for completion later this year. Tenants within the 12-storey building include ARUP, AMP and Lendlease.

<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/a367_mq_view_49_wurundjeri_way_low_res.jpg" rel="gallery-all" title="Two Melbourne Quarter has secured EnergyAustralia as it's anchor tenant. Image : Lendlease"><img alt="" class="image-article-full-width-580px" height="709" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/a367_mq_view_49_wurundjeri_way_low_res.jpg?itok=RNn32LIL" title="Two Melbourne Quarter has secured EnergyAustralia as it's anchor tenant. Image : Lendlease" width="580"></a>

<figcaption>Two Melbourne Quarter has secured EnergyAustralia as its anchor tenant. Image : Lendlease</figcaption></figure><h2>WHAT THEY SAY</h2>

<blockquote>
Companies want to attract and retain the best talent and a key way to do this is to offer a fantastic place to work in a vibrant precinct. We’re delighted to welcome EnergyAustralia as a key tenant.

APPF Commercial’s investment in Two Melbourne Quarter follows its recent over-subscribed equity raising. It positions the Fund to continue executing its strategy to invest in efficient, highly-sustainable, next generation office buildings in precincts with superior amenity and connectivity.

- Scott Mosely, Fund Manager, APPF Commercial
</blockquote>

<blockquote>
The Melbourne Quarter precinct is one of the largest urban regeneration developments in central Melbourne and will not only benefit the city but also members of First State Super.

As one of Australia’s largest superannuation funds we look to invest in the communities in which our members live, work and retire. We have around 200,000 members living in metropolitan and regional Victoria and are committed to ensuring long-term sustainable returns for their retirement savings. We are confident that Two Melbourne Quarter will contribute to this.

- Michael Dwyer, CEO, First State Super
</blockquote>
</body></html>

Laurence Dragomir

Energy Australia signs on for Lendlease's Two Melbourne Quarter

<html><body>
Lendlease’s urban regeneration development Melbourne Quarter has celebrated the topping out of One Melbourne Quarter, with the precinct also receiving the highest available rating for sustainability in Australia.
The building is on track for completion in September this year and will accommodate about 2,500 employees from AMP, Arup and Lendlease.  
The precinct’s 6 Star Green Star – Communities certified rating from the Green Building Council of Australia (GBCA) is the highest rating available in Australia.
It is based on Melbourne Quarter’s sustainability performance across energy and water efficiencies, design, livability, environmental quality and innovation.   
The topping out ceremony marks the first commercial tower’s structural completion.
Since construction began on One Melbourne Quarter in October 2016, 1,470 jobs have been created. This number is expected to grow to approximately 15,000 jobs for the entire precinct as construction peaks in the coming years.
The building is owned by the Lendlease-managed Australian Prime Property Fund Commercial (APPF Commercial), and has been designed by Melbourne architects Denton Corker Marshall.
Lendlease Managing Director, Urban Regeneration and Infrastructure, Mark Menhinnitt said Melbourne Quarter was one of the largest mixed-use urban regeneration developments in Melbourne and for the city’s growing commercial centre at the west end of Collins Street.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/3/1/view_45_C1_Retail_shops2-5%20Collins%20Street.jpg" alt="">
“The commitment from future tenants AMP, Arup and Lendlease plays an important role in shaping the precinct’s future corporate community and identity.
“Creating places that redefine the way people choose to work, Melbourne Quarter will offer a variety of amenity, including Melbourne’s first elevated Sky Park and a new public square to support a better work life balance and health and wellbeing for workers.” 
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j.ballantyne1990-6AQqhLzZaK

Melbourne Quarter tops out first office tower

<html><body>
With 2018 now in full swing, what better time to check in on the progress of one of the largest developments currently underway not only in Docklands, but in Melbourne - Melbourne Quarter.

Located within the Batmans Hill precinct of Docklands, Lendlease's $1.9b Melbourne Quarter project will deliver seven commercial and residential buildings that will assist in strengthening the connection between the Docklands and the CBD, while also completing Collins Street' the southern Docklands frontage.

In addition to 130,000 square metres of commercial office space, more than 50 percent of the Melbourne Quarter precinct will be dedicated to open space with a Skypark, central plaza and neighbourhood park designed by ASPECT | OCULUS.

<blockquote>
Lendlease has seen strong leasing activity push the national CBD vacancy rate to its lowest level in four years, and with a predicted shortage of prime grade contiguous office space in the near future, this has helped spur on pre-commitment activity.

(Melbourne Quarter) will cater for the continued growth and strong tenant demand for new office space in Melbourne as both national and global businesses target the new supply of buildings coming to market in the city’s CBD.

To complement Melbourne Quarter’s leading workplace design, we’re focusing on sustainability and access to amenities as key considerations for our office buildings, allowing tenants to work in nearby green parks, open spaces and co-working environments for greater employee health and wellbeing.

-  Mark Menhinnitt, Lendlease Managing Director Urban Regeneration and Infrastructure Development
</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/mq_wh_lobbyentrance.jpg" rel="gallery-all" title="Melbourne Square, the central space of MQ will sit just off Collins Street. Image : Lendlease"><img alt="" class="image-article-full-width-580px" height="290" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/mq_wh_lobbyentrance.jpg?itok=aXmIlNu6" title="Melbourne Square, the central space of MQ will sit just off Collins Street. Image : Lendlease" width="580"></a>

<figcaption>Melbourne Square, the central space of MQ will sit just off Collins Street. Image : Lendlease</figcaption></figure>Melbourne Quarter will include:

• 130,000 square metres of office space

• 1,690 apartments for 3,000 new inner city residents

• 4,000 square metres of retail space, including 40 shops, food and beverage retailers

• 1,000 square metres of community space

<h2>One Melbourne Quarter</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/p1170646.jpg" rel="gallery-all" title="One Melbourne Quarter construction progress. Image : redden"><img alt="" class="image-article-full-width-580px" height="286" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/p1170646.jpg?itok=zWH_qr4t" title="One Melbourne Quarter construction progress. Image : redden" width="580"></a>

<figcaption>One Melbourne Quarter construction progress. Image : redden</figcaption></figure><blockquote>
(This) year will see the completion of the precinct’s first office tower, One Melbourne Quarter, which will be home to our new Lendlease Victorian headquarters in September. We look forward to welcoming other leading businesses to the precinct in due course.

-  Mark Menhinnitt
</blockquote>

Currently progressing onsite at an impressive pace, One Melbourne Quarter, upon completion will contain 25,000 sqm across its 14 storeys.  Public realm frontages on all sides will be activated via retail and café tenancies in addition to a 200 bicycle end of trip facility.  Retail space in small tiered retail pavilions address and mediate the Collins Street hill.

The Skypark - conceived as a timber plank by landscape architects ASPECT | OCULUS - overhangs the Collins Street frontage for 90 metres and will provide significant public space.

Arup and Lendlease will relocate into the building later this year.

<h2>East Tower</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/p1170645.jpg" rel="gallery-all" title="Melbourne Quarter East Tower construction site works are well underway. Image : redden"><img alt="" class="image-article-full-width-580px" height="290" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/p1170645.jpg?itok=FLPbaboL" title="Melbourne Quarter East Tower construction site works are well underway. Image : redden" width="580"></a>

<figcaption>Melbourne Quarter East Tower site works are well underway. Image : redden</figcaption></figure>The first of three Fender Katsalidis designed residential buildings is officially underway at 628 Flinders Street. 

The 40-storey East Tower will feature hanging gardens climbing the full height of the building and take advantage of views of the city and bay. The building, along with the other residential buildings is aiming for a 5-Star Green Star rating and will also implement smart technologies such as a Melbourne Quarter app for residents. 

<blockquote>
The ability to connect our residents to the wider community is something we've been looking to introduce and they'll able to do that via an app. It'll be a project specific app that can be accessed via an iPad or iPhone and allow residents to book the extensive communal facilities which that are in the buildings which comprise 'Club MQ'.

With 'Club MQ' we're looking at setting a new benchmark with the level of amenity that we're providing, and this will be available in the first tower and then the two other towers will share from that.

- Ben Christie, Lendlease Head of Apartments
</blockquote>

<h2>Melbourne Quarter Tower</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/5bdccf00-e747-11e5-a571-7f3805729a0f_1_1.jpg" rel="gallery-all" title="Melbourne Quarter Tower Image : Lendlease"><img alt="" class="image-article-full-width-580px" height="386" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/5bdccf00-e747-11e5-a571-7f3805729a0f_1_1.jpg?itok=H6aT3QyL" title="Melbourne Quarter Tower Image : Lendlease" width="580"></a>

<figcaption>Melbourne Quarter Tower Image : Lendlease</figcaption></figure>Located at 693 Collins Street to the east of the under construction One Melbourne Quarter, Melbourne Quarter Tower will rise 28-storeys and provide 55,000 square metres of office accommodation when complete. The DCM-designed tower will also feature the second stage of the Skypark, completing the development's Collins Street frontage.

As part of the design the upper levels of the building will cantilever above Collins Street and will feature a rooftop area for tenants. 

Melbourne Quarter Tower was approved in March 2017 and is targeting a 6 Star Green Star rating and a 5 star NABERS energy rating. 

<h2>Two Melbourne Quarter</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/a367_mq_view_49_wurundjeri_way.jpg" rel="gallery-all" title="Two Melbourne Quarter received approval late in 2017. Image : Lendlease"><img alt="" class="image-article-full-width-580px" height="681" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/a367_mq_view_49_wurundjeri_way.jpg?itok=ALyvpY37" title="Two Melbourne Quarter received approval late in 2017. Image : Lendlease" width="580"></a>

<figcaption>Two Melbourne Quarter received approval late in 2017. Image : Lendlease</figcaption></figure>The  25-storey office tower at 697 Collins Street was granted planning approval just prior to the 2017 Christmas break. The Woods Bagot designed tower will feature 49,000 square metres of office space, accommodating about 4,500 new workers, plus 800 square metres of retail space on the ground floor.

As with the other commercial buildings at Melbourne Quarter, the tower will spill out on to a new public plaza off Collins Street, and will also feature a four-storey public staircase connecting to Aurora Lane.

2MQ seeks to build upon the sustainability credentials of Melbourne Quarter with a strong focus on water consumption, waste management and indoor environment quality. The building is targeting a 6 Star Green Star rating and a 5 star NABERS energy rating.

Site enabling and early works commenced on 2MQ on 15 January 2018.

Lendlease anticipates a 2022 completion date for the entire Melbourne Quarter development.
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The current state of play at Lendlease's Melbourne Quarter 

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Lendlease have received planning approval to build its third and final commercial tower at Melbourne Quarter. 
Two Melbourne Quarter, a 25-storey office tower at 697 Collins Street, will feature 49,000sqm of total office space, sufficient to accommodate around 4,500 new workers and 800sqm of retail space on the ground floor. 
Mark Menhinnitt, Lendlease managing director of urban regeneration and infrastructure development, said planning approval for the Woods Bagot-designed tower coincided with a period of strong demand for high-quality office space in Melbourne’s CBD. 
“Lendlease has seen strong leasing activity push the national CBD vacancy rate to its lowest level in four years, and with a predicted shortage of prime grade contiguous office space in the near future, this has helped spur on pre-commitment activity,” he said. 
“This project will cater for the continued growth and strong tenant demand for new office space in Melbourne as both national and global businesses target the new supply of buildings coming to market in the city’s CBD. 
"Two Melbourne Quarter will open out on to a new public plaza on Collins Street, a centerpiece of the Melbourne Quarter precinct, and will also feature a four-storey public staircase connecting to Aurora Lane. 
“Next year will see the completion of the precinct’s first office tower, One Melbourne Quarter, which will be home to our new Lendlease Victorian headquarters in September.” 
In addition to 130,000sqm of agile office space for more than 12,000 employees, more than 50 percent of the Melbourne Quarter precinct will be open space. 
Two Melbourne Quarter will target leading sustainability outcomes in water consumption, waste management and indoor environment quality, including a 6 Star Green Star rating and a 5 star NABERS energy rating. 
Two Melbourne Quarter is one of seven commercial and residential buildings planned for the development. Activity continues to forge ahead on site, with the precinct’s first residential tower East Tower under construction. 
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Melbourne Quarter’s final commercial tower approved: planning for growing demand

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Lendlease has lodged development plans for Melbourne Quarter’s third commercial tower, Two Melbourne Quarter, at 697 Collins Street.
The 25 levels office tower has been designed by architects Woods Bagot and will target a 6 star Green Star rating and a 5 star NABERS energy rating.
When built it will feature 49,000sqm of total office space and around 800sqm of additional retail space.
Mark Menhinnitt, Lendlease’s Managing Director for Urban Regeneration said the precinct has received strong interest to date due to its pivotal location on Collins Street and its close connectivity to Southern Cross Station. 
“As we enter a new age of workplace productivity, tenants want to attract and retain the best and brightest industry talent with offices that deliver a range of workplace and wellbeing amenities including end-of-trip facilities, meeting pods, business lounges and family-friendly childcare services,” he said. 
“Melbourne Quarter’s integrated commercial towers will showcase a leading architectural design set amongst the precinct’s tranquil, technology-enabled outdoor working spaces, with a strong focus on green initiatives, access to the city’s first elevated Skypark and retailers to support a better work life balance.”
When completed, The Melbourne Quarter precinct will offer approximately 130,000sqm of agile and flexible office space for more than 12,000 employees. 
For more information, <a href="https://www.melbournequarter.com%20" target="_blank">click here</a>. 
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