Virgate Property Group is preparing to commence construction of Verdé, its new apartment development in Melbourne's Arts Precinct at Southbank, following a strong run of sales that has seen more than half of the project's 173 apartments secured.

Verdé has attracted a broad mix of first home buyers, owner-occupiers upgrading from nearby inner-city suburbs and investors, with younger owner-occupier couples aged between 28 and 45 accounting for the strongest enquiry. Many are already living in Southbank, South Melbourne, Albert Park, Port Melbourne, South Yarra and the CBD.

"Verdé is located in one of the most desirable pockets of southern Melbourne," Blair Property Group Director Darren Blair, who is managing sales at Verdé, said.

"It's within walking distance of the Arts Centre, Royal Botanic Gardens, Albert Park Lake, and Southbank's restaurants and retail. It's a great lifestyle location with strong amenity and liveability, which made it a very attractive choice for the project."

[smartcode_project:default project_id=4661 project_image_fid=372549]

Virgate was already familiar with the precinct, having previously delivered the successful Domain House development in neighbouring South Melbourne. That experience gave the developer confidence to acquire the Coventry Street site and continue expanding its presence in Melbourne's inner south.

"We had been keeping an eye on the site and the broader precinct for a few months before deciding to move forward with the acquisition," Virgate said.

The project was ultimately secured in 2020 following feasibility studies, planning assessments and due diligence, with the brief centred on delivering "a high-quality, considered design that feels both refined and fit for purpose."

[smartcode_project:default project_id=4661 project_image_fid=314259]

Designed by <a href="https://www.apartments.com.au/architects/bruce-henderson-architects">Bruce Henderson Architects</a>, Verdé comprises 173 one, two and three-bedroom apartments priced from $599,000. The architecture is distinguished by a faceted glass façade that responds to both the site's outlook and Melbourne's changing light conditions.

According to Bruce Henderson Architects, the coloured glazing gives the building a distinctive identity while also providing privacy and solar shading, with residences oriented to capture views across the bay, city skyline and surrounding parklands.

Inside, <a href="https://www.apartments.com.au/interior-designers/designoffice">DesignOffice</a> has created interiors focused on natural light, efficient planning and enduring materials. Apartments feature engineered oak flooring, natural stone benchtops, floor-to-ceiling glazing and SMEG appliances, while a restrained material palette aims to complement the expansive outlooks rather than compete with them.

[smartcode_project:default project_id=4661 project_image_fid=372550]

Resident amenity has also been designed around everyday functionality rather than occasional use. Facilities include a concierge-serviced lobby, residents' lounge with fireplace, library and co-working space, gym, terrace garden with barbecue facilities, ground-floor café, and package delivery management.

The project's location continues to be one of its strongest drawcards. Positioned on Coventry Street, Verdé sits within walking distance of the National Gallery of Victoria, Arts Centre Melbourne, Royal Botanic Gardens and Albert Park Lake, while Southbank's dining precinct, Sturt Street trams and the new ANZAC Station are all nearby. The surrounding education catchment also includes Melbourne Grammar, Melbourne Girls Grammar, Mac.Robertson Girls' High School and several major university campuses.

The sales team says buyers have responded particularly well to the combination of location, design quality and long-term liveability.

"They're responding really positively to the quality of the design, premium resident amenities and the uninterrupted views. Many also appreciate the location and how connected it is to everything they need."

The ability to secure stamp duty savings before completion has also been a key factor for purchasers, alongside the opportunity to personalise finishes ahead of settlement.

With construction set to commence soon and more than half the apartments already sold, Verdé enters its next phase as one of the Arts Precinct's more established apartment developments, offering remaining buyers an opportunity to secure a residence before construction advances further. Expected completion is scheduled for late 2027.

[smartcode_project_cta:default project_id=4661]

Joel Robinson

Virgate's Verdé Southbank moves toward construction as sales fly past halfway stage

Downsizer-focused apartment development Kooyongkoot in Hawthorn has been recognised at the 2026 Better Future Melbourne Design Awards, taking home Gold and Silver awards in two categories.

<a href="https://www.apartments.com.au/new-apartments/kooyongkoot-hawthorn-1-kooyongkoot-road-hawthorn-vic-3122">Kooyongkoot</a>, currently being delivered by developer PQD and designed by Cera Stribley, received Gold in the Interior Design – Proposed category and Silver in the Architecture – Proposed category.

The dual recognition reflects the design approach behind the boutique development on prestigious Kooyongkoot Road, where the focus has been on creating homes for downsizers seeking the space, quality and functionality of a detached house within a low-rise apartment building.

Rather than maximising apartment numbers, <a href="https://www.apartments.com.au/developers/pqd">PQD</a> and <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a> limited the development to just 18 residences, allowing for larger floorplans, greater privacy, generous landscaping and expansive communal spaces.&nbsp;The majority of the apartments also benefit from corner aspects, allowing for dual sources of natural light.

Now around 70 per cent complete and on track for completion in November 2026, Kooyongkoot will comprise a mix of garden residences, ter​race apartments, sub-penthouses, and is crowned by two half-floor penthouses with direct lift access and private rooftop terraces.

[smartcode_project:default project_id=102717 project_image_fid=355297]

The Silver Award for Architecture recognised the way the building responds to its prominent corner position at the ent​rance to Hawthorn's Scotch Hill precinct, one of Melbourne's most established residential neighbourhoods.

Rather than competing with the grand homes that line Kooyongkoot Road, the architectural approach focused on restraint and longevity, using curved brickwork, generous landscaping and carefully considered proportions to integrate with the existing streetscape.

"The form feels fluid and timeless, as though shaped by the landscape itself – architecture that belongs, rather than competes," said Chris Stribley, Co-Founder and Managing Principal of Cera Stribley.

The judging submission also highlighted practical innovations throughout the building, including lift cores servicing only nine homes each, a central landscaped lightcourt designed to bring daylight and ventilation into the building, and fully enclosed private storage rooms with lighting, power and shelving to better accommodate residents transitioning from larger family homes.

[smartcode_project:default project_id=102717 project_image_fid=355293]

The Gold Award for Interior Design recognised the project's focus on long-term liveability rather than display-home aesthetics.

According to the awards submission, the interiors were designed from the inside out, prioritising how homes would function over decades of daily use through generous proportions, practical storage, durable natural materials and flexible layouts.

The specification includes natural stone throughout, upgraded acoustic glazing, V-ZUG appliances and fully enclosed storage rooms, alongside an amenity offering focused on wellness, entertainment and everyday convenience.&nbsp;

Residents will have access to a gym and yoga studio, a wellness centre featuring traditional and infrared saunas, a cold therapy shower and treatment room, as well as a residents' lounge and golf simulator/cinema room for entertainment.&nbsp;Kooyongkoot has also considered the everyday convenience of its residents by offering a private carwash and pet wash facilities on site as well as dedicated parcel lockers and oversized fully enclosed storage rooms.&nbsp;

[smartcode_project:default project_id=102717 project_image_fid=355303]

The project's attention to detail has already resonated with buyers. Earlier this year, Kooyongkoot recorded one of Boroondara's highest apartment sales when an $8 million penthouse was purchased by a Melbourne CEO downsizing from a nearby family home.

"Every detail feels deliberate, from the overall design down to the smallest touches," the purchaser said.

"The level of quality and refinement is exceptional, but what really sold it was how liveable it felt... It felt like a place where everything had been considered, not just a luxury building."

[smartcode_project:default project_id=102717 project_image_fid=355304]

Sustainability also formed a key part of both award submissions. Kooyongkoot is targeting a minimum 7.5-star NatHERS rating across all residences, supported by passive design principles, high-performance glazing, EV charging infrastructure, water reuse systems and a wellness model focused on lower-energy dry facilities rather than pools and large wet areas.

Located within walking distance of Scotch College, Methodist Ladies' College, Koo​yong Lawn Tennis Club, Aubur​n Village and Camberwell Junction, Kooyongkoot continues to target owner-occupiers looking to remain in Melbourne's inner east without compromising on space or quality. A limited selection of two, three and four-bedroom residences remains available, with prices starting from $1.9 million.

[smartcode_project_cta:default project_id=102717]

Kooyongkoot wins Gold and Silver at Better Future Melbourne Design Awards

New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

[smartcode_project:default project_id=5743 project_image_fid=372394]

Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

[smartcode_project:default project_id=5743 project_image_fid=953]

Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

[smartcode_project:default project_id=5743 project_image_fid=925]

Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

[smartcode_project:default project_id=5743 project_image_fid=5374]

The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

[smartcode_project_cta:default project_id=5743]

The apartment price gap drawing Sydney buyers west

A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

The long-planned transformation of Brisbane's historic Shafston Estate has taken another major step, with Capella Hotel Group announced as the luxury hospitality partner behind what will become Brisbane's first branded residences.

The project, to be known as Capella Residences Brisbane, is being delivered by Verso Projects at the landmark Kangaroo Point riverfront estate, with completion targeted for 2029.

The announcement follows a series of planning changes to the project over recent years. The site was originally approved in 2023 for a 15-level, 37-apartment development designed by Rothelowman for Burgundy Group before Verso Projects took over the 10,070 sqm riverfront holding and lodged revised plans with Kerry Hill Architects to increase the development to a 25-level tower with 51 apartments.

The latest announcement confirms Capella Hotel Group will bring its branded residential offering to the project, marking just the second Capella Residences development globally after Seoul, and the group's first branded residential project in Australia.

The <a href="https://www.apartments.com.au/new-apartments/23-castlebar-street-kangaroo-point-qld-4169">Castlebar Street development</a> will centre around the restoration of the heritage-listed Shafston House, one of Brisbane's oldest residences, originally constructed in 1851 by Reverend Robert Creyke as a single-storey cottage known as Ravenscott.

<img alt="Capella" data-entity-type="file" data-entity-uuid="2b9f4ce5-638f-4d6b-8082-3ca7e4b75fca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-09%20at%207.20.41%E2%80%AFAM.png?VersionId=f7aeqsW_DzOJI4FymWb3lD8NptSfsP7q" />

Capella said the project aligns with its focus on heritage-led developments, with the Brisbane estate combining the restored historic residence with a new luxury apartment tower and hospitality-inspired resident amenities.

Residents will have access to the Capella Living Room, a concierge-led communal space inspired by the group's luxury hotels, alongside landscaped gardens, six swimming pools, wellness and recreation facilities.

The broader estate will also include two riverfront homes, a six-berth private marina, porte cochère arrival experience, secure basement parking and a new section of public riverwalk along the Brisbane River frontage.

The heritage Postal Depot Building will also be retained and repurposed as a guest house, in line with the revised development plans.

The project represents another evolution for the site, which Kerry Hill Architects previously described as a rare opportunity to restore one of Brisbane's most significant heritage estates while creating a new benchmark for apartment living.

"The Shafston Estate provides a once-in-a-generation opportunity to restore one of Brisbane's finest heritage precincts and to reinstate residential use as a unique site perched on the edge of Kangaroo Point," Kerry Hill Architects said in its Urban Context Report accompanying the planning submission.

"The project will celebrate excellence in sub-tropical residential design, setting a new benchmark for vertical living in Brisbane."

Verso Projects, which now has an $8.5 billion development pipeline spanning more than 6,000 dwellings across apartments, townhouses, retail and commercial projects, said the partnership with Capella would elevate the development beyond a traditional residential project.

"We feel honoured to be restoring Shafston Estate to its former glory, elevating it to new heights of luxury and excellence underpinned by Capella's distinctive service ethos and design philosophy, and making it a standout landmark in Brisbane," Verso Projects CEO Steve Laffey said.

"By partnering with Capella, globally recognised for its refined approach to luxury hospitality and deep respect for cultural and historical context, we will elevate this project beyond a residential offering into a world-class destination."

Capella Hotel Group President Roland Fasel said Brisbane's emergence as a global city made it the right location for the company's Australian residential debut.

"Brisbane is a city on the cusp of something remarkable, and Capella Residences is our commitment to being part of that story," Fasel said.

"The Capella residential experience is more than luxury. It is about a sense of belonging to a place with deep meaning."

Private appointments have now opened for the project, with a display suite expected to open in late 2026 ahead of the planned 2029 completion.

Capella to launch Brisbane's first branded residences at Shafston House, Kangaroo Point

Melbourne

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A cafe/retail investment within the Merrindale Business Estate in Melbourne has been sold.
The property in Croydon South was marketed via a Private Sale By Closing Date campaign and sold prior to closing for $900,000 – representing a 4.68% yield.
It was sold by Jarrod Moran and Stan Dawidowski of CVA to a local investor.
The subject property comprises a building 142sqm is situated on an allotment of 818sqm.
It features a modern open plan dining area, service area with glass display cabinet, commercial kitchen, amenities, courtyard dining area, 12 onsite car spaces, perimeter fencing and security gates.
Leased to an established hospitality retailer trading as ‘Industrie Café’, the property returns a rental of $42,091.17 plus GST (on settlement) on a 7 year lease with 3 further 3 year options.
The property is easily accessible, with Dorset Road, Canterbury Road, Mount Dandenong Road and Eastlink via the Ringwood Bypass all within close proximity.
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j.ballantyne1990-6AQqhLzZaK

Cafe in Melbourne's Merrindale Business Estate sold

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Australia 108, the Southern Hemisphere's tallest residential tower has now completed construction of its landmark Starburst's external facade, among two other landmark moments.. 
Protruding from levels 70 and 71 of the 100-level luxury residential tower, the golden Starburst is described as a feat of engineering intended as a sister to the Eureka tower.
Its construction by Multiplex has taken six months and it is the first cantilevering architectural feature of its nature achieved in Australia.
David Ng, CEO of developer World Class Global, said Australia 108 was rising rapidly and would reach its full height (topping out) early next year, with the building expected to be fully completed in mid 2020.
The other milestones that the skyscraper acheived recently are, the building's lift core reaching level 100 and the building's slab now exceeding the height of Eureka Tower.
Hundreds of residents have opted to move into the building as part of a staged handover where they have access to lower level apartments and completed amenities.
In the next few months, owners of the project’s premium Cloud Residences between levels 72 and 83 will begin moving into their apartments, which overlook most of Southbank’s existing towers.
Ahead of the building’s completion next year, a limited range of 3-bedroom Cloud Residences have also been released for sale. The exclusive completed 1 and 2-bedroom Sky Rise Residences are priced from $496,000 and are ready to move into.
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Australia's tallest residential tower, Australia 108 has completed its landmark Starburst facade

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Urban.com.au caught up with Hickory's Managing Director George Abraham following the completion of multiple new developments across Victoria. Abraham discussed successful heritage retrofits, hotel sector growth and what's in the construction pipeline for 2020.

Urban.com.au: Recently you’ve completed many notable buildings in Melbourne including <a href="/developments/box-hill-vic-3128">Box Hill</a>’s first high rise as well as the world’s 4th slimmest tower. How have you found the reception of these developments? 

George Abraham: We are very proud of the work completed on these two landmark developments. The quality of workmanship and finishes is exceptionally high. The reception has been extremely positive for both of these buildings. The façade on Collins House is very well resolved, the interiors are of high quality and the reproduced mouldings in the main lobby, from the original Fitout, look fantastic. On Sky One, the curved, glass façade with LED and the stainless-steel capping add to the impact of the exterior. The 5,000m2 retail area will be completed in March 2020.

U: I understand that the decision to feature a concrete façade on the western side of <a href="/news/upcycling-australia-why-demolish-when-you-can-re-polish">Collins House</a> was a relatively contentious one – what was the reasoning for this decision and what is your opinion about the decision? 

GA: As the builder, we are not part of the decision-making process. We build what has been designed with the materials that have been specified by the architect. The original proposal was for a concrete toned, prefinished cement sheet rainscreen with an inlaid metal herringbone pattern. The removal of this cladding was in part to offset the costs of introducing windows into the façade as part of the planning process. Hickory’s approach was to use precast rather than in situ concrete for this wall and we still achieved a flush inlaid metal finish within the precast panels. Had the wall been in-situ concrete, a rainscreen would have been required, however, given the wall is high-quality precast, cladding over it in cement sheet would not have enhanced the façade.

<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/20191202_094342.jpg" rel="gallery-all" title="West-facing concrete facade of Collins House. Photo: Nicholas Failla."><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/20191202_094342.jpg?itok=aJ4SCLQt" title="West-facing concrete facade of Collins House. Photo: Nicholas Failla." width="580"></a>

<figcaption>West-facing concrete facade of Collins House. Photo: Nicholas Failla.</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/old-new.jpg" rel="gallery-all" title="L-R: The original building at 446 Collins Street, the new development Collins House"><img alt="" class="image-article-full-width-580px" height="327" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/old-new.jpg?itok=6EPkyscB" title="L-R: The original building at 446 Collins Street, the new development Collins House" width="580"></a>

<figcaption>L-R: The original building at 466 Collins Street, the new development Collins House</figcaption></figure>U: How do you approach work on buildings with heritage significance, such as Collins House, and how do you maintain its historic integrity? 

GA: We always want to treat historic buildings with respect as they are an important part of our cities and history. For Collins House, we engaged the services of a heritage consultant for the project and we worked with them to ensure that the integrity was maintained.

U: Many of your recent projects have been hotels, have you seen major growth in this sector? If so, why do you think that is? 

GA: We’ve had a 60% growth in hotel projects in the last year. We have five hotel projects underway at various stages of completion, delivering a total of 1,308 keys. Increased hotel construction, specifically in Victoria reflects the state’s 8.2% rise in tourism numbers in the year ending September 2018. Visitor numbers to Victoria reached 82.3 million in 2018, including 28.4 million overnight visitors. It is, therefore, no surprise that Hickory has seen a surge in hotel projects in 2019.

Key projects include:

<a href="/developments/chadstone-vic-3148">Hotel Chadstone </a>

Hickory’s much anticipated Hotel Chadstone Melbourne, MGallery by Sofitel opened on 1st November. MGallery by Sofitel is a key element of Chadstone’s masterplan and strategy to become a destination for travellers seeking world-class shopping, dining, and entertainment facilities. The hotel’s 250 five-star rooms sit over 12 levels, designed by architects Bates Smart. The $130million project for Accor and Vicinity boasts a 5-Star Green Star rating – the first hotel in Australia to do so. The construction of Hotel Chadstone took only 14 months, and the completion date of the hotel was brought forward due, in part, to Hickory’s prefabricated building components such as core walls, prefabricated walls, and proprietary façade system.

<a href="/developments/melbourne-vic-3000">Hyatt Centric </a>

Hyatt Centric, located at 9-27 Downie Street Melbourne, commenced construction in June 2019 and consists of 278 keys over 25 levels. Designed by Architectus, Hyatt Centric Melbourne is the newest iteration of the Hyatt Centric Hotel Series with projects already launched in Hobart and Tokyo.

Holiday Inn Express, Southbank 

Southbank’s newest hotel, the Holiday Inn Express is due for completion in November 2019. Retaining the original 1930s façade on City Road, the Holiday Inn Express is one of the few remaining buildings in the city to feature the distinctive art deco façade detailing. The hotel designed by Reid Campbell consists of 345 rooms over 23 levels. The project aims to achieve a 5-star NABERS performance rating. Levels 8-22 were constructed using Hickory Building Systems, enabling a compressed construction timeline through the integration of structural prefabrication and SYNC prefabricated bathroom pods.

<a href="/developments/melbourne-vic-3000">Holiday Inn Express, Little Collins Street </a>

Currently, under construction, the Holiday Inn Express hotel on Little Collins Street makes the best of a small footprint of only 1,254m2. Designed by Reid Campbell, the development includes two retail tenancies on the ground floor in the hotel vestibule, putting every inch of the site to use. 
The tower above is set back from the 4 boundaries and contains 24 guest levels, totalling 312 suites. Hickory’s prefab construction has accelerated the construction schedule and completion is expected in June 2021.

Mojo Ovolo Hotel 

The Mojo Ovolo Hotel is a boutique hotel of 123 rooms across 6 levels. Designed by Woods Bagot, guests will enjoy aground floor gourmet café on-site in verdant South Yarra. The project is expected to be completed by September 2020 and is located at 230 Toorak Road, South Yarra.

U: Do many projects in your construction pipeline place importance on sustainability? 

GA: A Hickory development and construction project, <a href="/developments/south-melbourne-vic-3205">Market Lane</a> is an innovative office development taking on new design thinking and a focus on sustainability for a more <a href="/news/elenberg-frasers-vicki-karavasil-discusses-market-lanes-biophilic-design-approach">people-centred, biophilic workplace</a>. With extensive landscaped terraces and open-air atrium, the light-filled project is targeting a 4.5 Star Green Star and 5 Star NABERS rating. High-tech building management systems allow occupants to control temperatures and the Caroma Smart Command installed in the bathrooms will monitor water use in real-time. There is also provision for 10 electric vehicle charging stations and electric bike charging and bike storage facilities. The Holiday Inn Express project aims to achieve a 5-star NABERS performance rating. Once certified by the Green Building Council of Australia, Hotel Chadstone will be the first five-star Australian hotel to receive a 5 Star Green Star Design &amp; As Built rating. Currently under construction is Nexus Corporate in Mulgrave, which is also a 5-Star Green Star and 5-Star NABERS energy efficient designed building by Gray Puksand.

U: How influential is Hickory on the choice of building materials used in construction and what are your favourite materials to build with right now? 

GA: As the builder, we simply build what has been designed with the materials that have been specified by the architect. In our experience, we can certainly make recommendations if we feel there is a higher-performing material but ultimately, the architect and our clients have the final word. We love working with glass for façade work. Three of our recent projects, Conservatory, Opera and Sky One all feature glass facades that curve to stunning effect.

U: What are some of the key reasons why you choose to accept a project? 

GA: We are always willing to accept a challenge and look for innovative projects that allow us to disrupt the status quo. One example is the Hawthorn Park project that will see Australia’s first suspended sky pool bridge. We’re excited to bring the architect Rothelowman’s vision to reality. The glass-bottomed swimming pool, designed and manufactured by Myrtha Pools in Italy, spans between two buildings and is a complete commitment to engineering and innovation. Hickory is exploring the newest technology available in order to support the structure and ensure all runs smoothly during the installation.

U: What is your favourite Hickory project to date and why? 

GA: How do you choose a favourite child?! We enjoy all the projects we work on, but most recently, Hotel Chadstone presented Hickory with an opportunity to construct the only five-star hotel outside Melbourne’s CBD and the first five-star Australian hotel to receive a 5 Star Green Star Design &amp; As-Built rating once certified by the <a href="/news/a-greener-future-green-building-council-australia-discuss-climate-change">Green Building Council of Australia</a>. With extensive ground floor lobby, kitchen, bar and restaurant facilities, as well as rooftop pool, bar and dining, this 12 level building spans across 19,000m2. 
Another unique feature of this project is the Chadstone Link, a seamless connection between Hotel Chadstone, Tower One Offices and the retail precinct, designed by Make Architects, and also built by Hickory. The travellators are housed in a glulam timber structure with tensile fabric roofing to make for a tranquil and fashionable route for hotel guests and shoppers to make their way from luxury hotel to Chadstone Shopping Centre.

Lead image: Chadstone Hotel, supplied. 
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Olivia Round

Hickory's George Abraham discusses heritage retrofits, hotel sector growth and the 2020 construction pipeline

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The Melbourne retail investment sales market has generally remained steady throughout 2019 with firm yields reflecting the limited availability of quality stock and solid purchaser demand, according to the latest retail report from valuation firm Herron Todd White.
They found particularly strong results for well located properties with long term leases to major national retailers and for those with longer term development potential. We have continued to see varied results throughout the wider market.
There have been a number of examples of heavily declining rents which, when coupled with already sharp yields, is resulting in downward pressure on capital values in some areas.
The Melbourne CBD retail market has experienced reasonable levels of leasing demand within the retail core. The Melbourne retail rental market continues to be impacted by changes in consumer behaviour and varied consumer confidence.
The HTW valuers said, "there has been an increasing level of tenant demand from food based operators and an ongoing decline in demand from consumer goods retailers throughout the Melbourne CBD, although we are aware of a possible oversaturation occurring within this sector."
"Subdued consumer spending is causing pressure on retailers’ occupancy costs and downward pressure on rents"
"Discussions with a number of leasing agents throughout Melbourne has identified an emerging trend whereby tenants are seeking to secure short initial terms, sometimes as short as one year, with a number of further option terms which allows for flexibility in the short term but some security and certainty to retain premises should the location prove suitable for the business."
"From a landlord’s perspective, these flexible leasing terms are attracting tenants, covering operating costs and providing for reviews to market should the leasing market improve."
"In addition to the above we have also witnessed a number of tenants being more aware of the impact that significant incentives have on the net effective rents. Tenants appear to now be more open to negotiating lower face rents in lieu of rent-free periods or fit out contributions which provides more transparency for the tenant and landlord," the valuers stated.
Downward pressures on rents in suburban retail strips persisted throughout 2019 with some areas such as Chapel Street continuing to experience high levels of vacancies coupled with decreasing rental rates.
The report authors added, "overall whilst demand for quality retail assets remains strong, particularly for well-located properties which have long term leases and strong lease covenants, there is evidence that tighter commercial lending criteria is restricting access to funds for many potential purchasers."
"Financial institutions are placing an increased focus on factors such as security of income, lease covenant and length of remaining lease term in assessing serviceability of debt."
"As a result of the reduction in the borrowing power of purchasers, we are beginning to see a slowdown in the constant price rises seen over the past five-year period," they concluded.
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Melbourne retail market steady at the peak: HTW Retail

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Victoria is a great place to invest with land prices having soared since 2014, according to a recent analysis BY REIV
Their findings claimed that land values over the past 5 years has confirmed that Victorian property continues to go from strength to strength.
Over the same period, the median property size has dropped slightly, meaning that Victorians are now paying more for less.
<img src="https://www.urban.com.au/images/2019/11/14/Melbourne%20PPSQM%201.JPG" alt="">
REIV President Leah Calnan said while sales volumes have declined, continued strong demand in Melbourne has resulted in consistent price growth.
“Melbourne’s outer growth Southeastern and Western suburbs are some of the fastest-growing parts of Australia.” Ms Calnan said.
“17 suburbs across Melbourne have had their land value more than double since 2014.”
“In signs of an improving market, we are again seeing increasing demand from interstate and international purchasers"
<img src="https://www.urban.com.au/images/2019/11/14/Melbourne%20PPSQM%202.JPG" alt="">
“Regional Victoria and outer Melbourne experienced a larger drop in median land sizes than those in the city but values continue to increase.”
“People are drawn to water, 4 of the 17 highest growth suburbs are in Mornington Penisula.”
“Location is always important, Middle Melbourne suburbs near the city like Essendon West and Glenroy recorded 125% Growth.”
“In the West, Brooklyn provides great value with a median price of $1,892 per metre squared; competing with neighbouring Footscray or Maidstone," she concluded.
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Melbourne land values soar over 5 years: REIV

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Two Melbourne retail spaces securely leased to global supermarket giant Aldi have been listed for sale.
There's little doubt the most sought after will be the 1,650 sqm retail premises at <a href="https://www.realcommercial.com.au/for-sale/property-aldi-8-franklin-street-melbourne-vic-3000-503357750" target="_blank">8 Franklin Street</a> in the CBD (pictured top), given its high exposure of foot traffic due to its 25 metre frontage in the heart of the city.
The ground floor space which spans across the Verve and Milano twin-tower development is leased to Aldi who are on a 10 year lease with options to extend.
There's basement parking for 44 cars.
Colliers International agents Oliver Hay, Daniel Wolman, Chris Lin and David Sia are marketing the property for a December 6 auction.
The latest listing is a brand new space on the ground floor of Fitzroy apartment block The Lyric building (below), on the <a href="https://www.realcommercial.com.au/for-sale/property-239-245-johnston-street-aldi-fitzroy-vic-3065-503388222" target="_blank">corner of Gore and Johnston Streets</a>, near the busy Smith 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/2019/11/13/Fitzroy%20Aldi.jpg" alt="">
Offered by Teska Carson's Adrian Boutsakis and Larry Takis, the 1,400 sqm floor space and 52 car spaces is leased to Aldi on a 10 + 10 + 10 year lease.
They pay $640,000 per annum and there are annual rent increases.
Aldi have over 10,000 stores worldwide. 
 
<a href="https://www.realcommercial.com.au/for-sale/property-aldi-8-franklin-street-melbourne-vic-3000-503357750"> </a>
<a href="https://www.realcommercial.com.au/for-sale/property-239-245-johnston-street-aldi-fitzroy-vic-3065-503388222"> </a>
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jrobinson-rf4aSBido9

Two ALDI supermarkets in Melbourne for sale

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Work has commenced on a new $565 million mixed-use development, located at 308 Exhibition Street, with one of the largest concrete pours in Melbourne’s history.
Construction company, Multiplex, has commenced main works construction on Malaysian property developer S P Setia own the project, with the construction being carried out by construction company Multiplex.
The three-metre-deep raft foundation is located on top of an existing railway tunnel, and the 1,000 square metres concrete slab will support the new mixed-use precinct.
Designed by Cox Architecture and Fender Katsalidis, the development comprises two high-rise towers, Sapphire By The Gardens and the Shangri-La hotel.
They will be connected by a sky bridge.
The project’s western tower will boast 62 storeys and host Melbourne’s newest five- star hotel, the Shangri-La.
The eastern tower, Sapphire By The Gardens, will comprise 60 storeys and house over 300 luxury residential apartments.
“We are delighted to commence the main works on this world-class development which is set to be one of the most significant projects in Victoria,” said Graham Cottam, Regional Managing Director of Multiplex Victoria.
“As one of Multiplex’s largest projects currently underway in Australia, we are very pleased to secure this contract and look forward to working alongside S P Setia to develop this new inner-city landmark.”
Both towers are under construction simultaneously with the sky bridge to be built towards the latter half of the project. Excavation and piling commenced in March, 2019.
Following S P Setia’s announcement in October, 2018 that Multiplex would deliver this project, the official contract signing recently took place for the main works.
Construction commenced in June, 2019 and is scheduled for completion in 2022.
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wdavis-8cCN98p7xp

Work commences on $565 million mixed-use Melbourne development

On Thursday evening <a href="/">Apartments.com.au</a> was invited to attend the annual Equinox Evolution building material expo&nbsp;at the Royal Exhibition Building in Melbourne. The event was hosted by AIS (<a href="http://www.aisaustralia.com/">Architectural Information Services</a>) and featured over 73 exhibitors, many of whom also toured with the event to&nbsp;Sydney, Melbourne, Brisbane, Adelaide, Perth, Canberra, Cairns, Townsville, Hobart; as well as&nbsp;Auckland and Christchurch in New Zealand.

AIS works to provide transparency in the market for&nbsp;architecture, engineering and design practices to identify new, innovative building materials, while&nbsp;also giving&nbsp;suppliers&nbsp;a platform to showcase their new products to the decision-makers within the construction and property development industries.

<h2>Here are our key takeaways from the evening:</h2>

1. Many construction industry material suppliers have an environmental conscience

One of the most important things we discovered&nbsp;at Equinox 2019, was the sustainability goals held by many of the purveyors. After learning about the various eco-initiatives, we decided to ask 5 stallholders the challenging yet crucial question,

<blockquote>
“How can Australia’s built environment achieve near net-zero carbon by 2050?”
</blockquote>

<div class="rtecenter">Here are their answers:</div>

<div class="rtecenter">&nbsp;</div>

<div class="rtecenter"><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/6htEObIlGts" width="560"></iframe></div>

&nbsp;

2. Timber has many environmental and health benefits

<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/73504870_627208891144539_9056477699450601472_o.jpg" rel="gallery-all" title="Interim architrave and skirting block"><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/73504870_627208891144539_9056477699450601472_o.jpg?itok=hb37gDtr" title="Interim architrave and skirting block" width="580" /></a>

<figcaption>Interim architrave and skirting block</figcaption>
</figure>

We had a chat to the team at Interim Mouldings who explained that timber has been scientifically proven to have multiple health benefits when used as an interior material. When sourced sustainably, timber is also a highly renewable resource.

<blockquote>
"We at Intrim are obsessed with timber. We love the way it helps create a warm, homely interior, and how it takes you back to nature and away from our busy, technology filled lives.&nbsp;

The choice of timber in the built environment provides many benefits to its occupants. Not only is timber an aesthetically beautiful choice, but has many health benefits such as improving air quality, improving a person’s mental state, reducing blood pressure and stress, and is a long-term store of carbon, which helps fight climate change*.

We are very conscious of our environmental impact and ensure our pine timber products are responsibly grown, sustainable sourced and from globally renewable timber. Being an FSC certified supplier means more to us than a stamp of responsibility, it means we’re actively part of the change for future generations, the earth and moving towards near net-zero carbon by 2050."
</blockquote>

Harvey Quinsey,&nbsp;Interim Mouldings General Manager

* Source: ‘WOOD: Housing, Health, Humanity’ Report, Planet Ark, March 2015.

2. Composite timber products can be manufactured using recycled plastics

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-10-30_at_3.13.25_pm.png" rel="gallery-all" title="The Italian Lab's Urban Relax Shelter"><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="345" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-10-30_at_3.13.25_pm.png?itok=6EueKnyP" title="The Italian Lab's Urban Relax Shelter" width="580" /></a>

<figcaption>The Italian Lab's Urban Relax Shelter</figcaption>
</figure>

The goal of recycling is to turn waste into a product of newfound use with the lowest possible environmental impact. The Italian Lab is using recycled plastics&nbsp;to produce modern outdoor furniture, including sheltered seating alcoves complete with solar-powered USB charging stations. While repurposing waste can utilise a significant amount of power and water to refine and reproduce new materials, the production plant is powered by 9000 square metres of solar panelling, with 600-kilowatt productiveness. This reduces CO2 emissions by 95 % within the plant.

3. Recycled tyres can be used to add volume to&nbsp;adhesives

<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/bostik-australia-ultraset-3-in-1-1400x780.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="323" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/bostik-australia-ultraset-3-in-1-1400x780.jpg?itok=3aAPLd7U" width="580" /></a></figure>

It’s great to see the extent of recycled materials that are being incorporated within many of the new products on display at the event. We spoke to the team at Bostik who explained the production method of their latest flooring adhesive Ultraset 3 in 1, has been created with the focus of reducing product wastage (swapping three separate materials for a single adhesive layer) which will reduce time due to the product’s efficient application.

4. Soundproofed units are becoming a popular choice for apartment buildings

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-10-30_at_3.19.30_pm.png" rel="gallery-all" title="Bowen Interiors Seat Box Acoustic Pod"><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="286" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-10-30_at_3.19.30_pm.png?itok=D9ArnZUa" title="Bowen Interiors Seat Box Acoustic Pod" width="580" /></a>

<figcaption>Bowen Interiors' Seat Box Acoustic Pod</figcaption>
</figure>

While buildings today should be constructed with an excellent sound attenuation due to the accessibility of new technology, the team at Bowen Interiors explained to us that their soundproofed pods are becoming a popular option for residential developments. Each individual pod has been imported from France, and is available in a range of sizes, including seated and standing, as well as pods large enough to accommodate a group meeting. Each unit contains&nbsp;an&nbsp;in-built ventilation system, power outlets, and is available in a range of finishes, including an elegant wooden exterior.

5. Vertical greening is on the rise

<img alt="" data-entity-type="" data-entity-uuid="" height="338" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/nextlevelurban.gif" width="600" />

“Unlock your fifth façade” is the slogan of vertical garden specialists, Next Level Urban. Their sales pitch is highly enticing to developers, as not only will a rooftop garden mean an additional level is allowed to be constructed (resulting in more residential floorplates and extra height), but the team are dedicated to innovatively transforming disused space into verdant gardens which add value to the property.

<h2>Does this&nbsp;mean Australia is on the right path towards a more sustainable future?</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/20191024_201110.jpg" rel="gallery-all" title="Dulux's low VOC and allergy-friendly paint art installation"><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/20191024_201110.jpg?itok=TLELHNDC" title="Dulux's low VOC and allergy-friendly paint art installation" width="580" /></a>

<figcaption>Wattyl's low VOC and allergy-friendly paint art installation</figcaption>
</figure>

As far as trade shows go, Equinox Evolution delivers a platform for suppliers to showcase their latest product innovations to many of the decision-makers of Australia’s development industry. Each exhibit was informative, engaging and company representatives were happy to answer our questions and take on board feedback.

While&nbsp;not every&nbsp;Australian building material supplier&nbsp;is&nbsp;putting building material durability, resident health and environmental sustainability ahead of cost; it is very&nbsp;reassuring to hear that these issues are definitely becoming more pertinent in industry discussion. Next year, it would be great to see the standardised eco-conscious initiatives implemented across all products, with more of an emphasis on cutting edge sustainable technology.

What are your thoughts on the future of building material sustainability in Australia? Share your opinion in the comments below.&nbsp;&nbsp;

Lead image credit: Nicholas Failla

Highlights of Equinox Evolution Melbourne 2019

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Greater Melbourne house values have started showing signs of a recovery in the third quarter but remain 12.5% below their peak, according to the latest data from Moody's Analytics.
They found, this follows a decline in prices for 18 months prior to the reversal which began in June.
The fall in house values has been most pronounced in Melbourne’s inner suburbs, particularly Inner South, where house values have fallen by as much as 19% from their peak.
However, the steady decline in house values in the Greater Melbourne area, which decelerated further by mid-2018, has gradually settled through the second quarter and started to reverse by the third quarter as values have picked up, rising by 1.3% in August.
The decline in unit values across Greater Melbourne in recent months has been less pronounced than the decline in detached houses.
Moodys noted that there is a notable pickup over the third quarter, as the month-over-month change in unit values rose to 1.5% in August. 
<img src="https://www.urban.com.au/images/2019/10/28/VIC%20Moodys.JPG" alt="">
Katrina Ell, Economist at Moody’s Analytics said: "The recovery in house values in the Greater Melbourne area is broad-based but led by a notable pickup in Inner East, where month-over-month growth in house values was 2.6% in August. In comparison, there are signs of a more delayed recovery in the North East and Outer East, and a weaker month-over-month pickup in West, North West and Mornington Peninsula suburbs.
"In contrast, house values across regional parts of Victoria have experienced more persistent weakness as home values continued to fall through August in most regions, with particular weakness in Bendigo, Warrnambool, South West, Shepparton and Hume.
"Elsewhere in regional Victoria, there are initial signs of a recovery in home values, namely, in Geelong and Latrobe-Gippsland.
"While unit values have risen in Ballarat, Hume and Latrobe in August, unit values have continued to decline in other suburbs such as Shepparton, Warrnambool and South West. Meanwhile, unit values in Bendigo have risen notably since March."
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Inner Melbourne's inner east to lead property recovery efforts: Moody's Analytics

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<h2>Comment</h2>

The Victorian Government, freshly re-elected a year ago for another term, has a very large program of public transport projects that will impact on various suburban centres over the next few decades. 

Arden, Sunshine and Box Hill are three suburbs developers, property buyers and renters should keep an eye on.

The redevelopment of Arden will centre around a public transport project already under construction (Melbourne Metro) and Sunshine and Box Hill, based on publicly available information, will attract intense focus from projects that have their respective business cases underway (Melbourne Airport Rail Link and the Suburban Rail Loop).

The Melbourne Metro project that was initiated during the first term has recently entered the primary tunneling phase with two of four tunnel boring machines now working their way westward under the city.  The launching pad for the first two TBMs is located at the site of the future North Melbourne (née Arden) station, an area where the state government is a major landholder and one the state government has expressed an interest in 'doing things differently'.

In 2018 the Victorian Planning Authority released the <a href="https://vpa.vic.gov.au/project/arden/">Arden Vision</a> which outlines how the "Victorian Government and the city of Melbourne are committed to preparing in partnership land use and transport planning frameworks to coordinate and guide planning to 2050".

According to the vision document, North Melbourne station will open in 2025 and major development of the land surrounding the new station will begin shortly thereafter.

<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/arden_vision_2018.png" rel="gallery-all" title="The Arden Vision. Image Vic.gov.au"><img alt="" class="image-article-full-width-580px" height="409" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/arden_vision_2018.png?itok=kC-25X3b" title="The Arden Vision. Image Vic.gov.au" width="580"></a>

<figcaption>The Arden Vision. Image Vic.gov.au</figcaption></figure>Apart from the ongoing level crossing removal program, all other major public transport projects that are likely to leave an impact on land surrounding new stations are in various stages of planning and design.

Extending the Frankston railway line to Baxter has a business case under development expected to be completed by 2019.  Construction to duplicate the Cranbourne line will begin in 2021 with completion scheduled for 2023; the state government has also said this project is required before work can get underway to extend the Cranbourne line to Clyde.

The Melbourne Airport Rail Link, the Suburban Rail Loop, the Western Rail Plan and initiatives to speed up trains to Geelong and Ballarat are four inter-related projects that have all been appropriated funds from the state budget that will see reference designs and business cases completed over the next 12-18 months.

<h2>All railways lead to Sunshine</h2>

We've said it before, and we're saying it again - cast your gaze westward to Sunshine.  Excluding central Melbourne, no other suburb in metropolitan Melbourne will see as much intensive new rail infrastructure and services in the foreseeable future.

The Regional Rail Link project from a decade ago routed connections to Victoria's second, third and fourth-largest cities through Sunshine and the Western Rail Plan looks set to expand on regional and metropolitan rail separation possibly through the quadruplication and (partial) electrification of railways between Sunshine and Deer Park, Deer Park to Wyndham Vale and Deer Park to Melton.

The Melbourne Airport Rail Link had its route confirmed via Sunshine and what's known as the 'Albion corridor' (the stretch of railway used primarily for freight between Albion station and Broadmeadows station) and Sunshine likewise appears on maps for the Suburban Rail Loop.

<iframe frameborder="0" height="500" scrolling="no" src="https://www.urban.com.au/developments/sunshine-vic?embeddable=list-map" width="100%"></iframe>

If the Melbourne Airport Rail Link, Suburban Rail Loop, Western Rail Plan and higher-speed trains to Geelong and Ballarat proceed - whether all at the same time or in a sequential fashion - Sunshine will have the best suburban connectivity to other parts of the metropolitan area and regional Victoria.

<h2>Box Hill is already flying high</h2>

Box Hill has always garnered our interest.  The railway lines that run through Box Hill on their way to the city are unlike other major corridors like Dandenong and Sunshine because there will be minimal greenfields development within the Lilydale and Belgrave branch catchments.

In short, the only population growth throughout the whole eastern corridor can only be catered for through higher-density development.  And the numbers speak for themselves.

Box Hill has at least 35 projects contained within a 1 square kilometre grid centred around the Box Hill station and Box Hill Central shopping centre.  Further up the line at Ringwood, where both Lilydale and Belgrave lines converge to provide a very high frequency of service all the way through the inner and middle rings of eastern Melbourne, has at least <a href="/developments/ringwood-vic-3134">19 high-density projects</a> in the pipeline.

<iframe frameborder="0" height="500" scrolling="no" src="https://www.urban.com.au/developments/box-hill-vic?embeddable=list-map" width="100%"></iframe>

The Victorian Premier has already publicly announced the Suburban Rail Loop, despite its business case and reference design currently underway, will be split in two phases through the east and north of the metropolitan area.  The first phase will run from Cheltenham on the Frankston line to Box Hill, servicing Clayton, Monash University and employment precinct, Glen Waverley and Deakin University located just south of Box Hill.

The second phase of the Suburban Rail Loop extending from Box Hill to Tullamarine Airport would then create a major node, accessible to and from the north, south, east and west via heavy rail, in an area that already has a large concentration of jobs and retail activity and an area that already supports major increases in residential density.

We'll be watching the release of each public transport business case with great interest.

Lead image credit: metrotunnel.vic.gov.au
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