The residential transformation of St Kilda Road is set to continue into with more new apartment plans for the sought-after boulevard.

Wing Tai Asia has lodged plans for a major residential tower at 464-466 St Kilda Road, replacing the former VACC House with an 18-storey mixed-use development designed around a retained heritage podium and a sculpted contemporary tower.

The proposal, prepared under Victoria’s Significant Residential Development with Affordable Housing pathway, would deliver 325 apartments and ground-floor retail across the prominent 4,653 sqm boulevard site in Melbourne’s St Kilda Road North Precinct.

The project centres on the adaptive reuse of the site’s heritage-listed VACC Building, an eight-storey office designed by Bernard Evans that has occupied the address for decades. Planning documents state the development would involve “carefully dismantling and conserving off-site the original metal fabric of the podium visible from St Kilda Road,” before reinstating it as the defining frontage of the new scheme.

Above the restored podium, Wing Tai is proposing a curvilinear residential tower. The scheme includes 172 one-bedroom apartments, 63 two-bedroom apartments, 66 three-bedroom apartments, and 24 four-bedroom apartments, alongside two ground-floor food and beverage tenancies fronting St Kilda Road.

The tower has been designed with substantial articulation and variable setbacks to minimise perceived bulk and maintain view corridors along the boulevard. Urbis, which prepared the planning report, said the design “has been significantly articulated through a curvilinear design” with “an interplay with materials, façade expression and depth” to create visual separation and visual interest.

The proposal also includes 254 basement car spaces, landscaped pedestrian links connecting St Kilda Road and Queens Lane, and a biophilic landscape strategy featuring canopy trees, raised planters, cascading greenery and a glass oculus pool overlooking the eastern frontage.

Planning documents confirm the $270.1 million development will contribute 3 per cent of project costs to the Social Housing Growth Fund as part of the application process.

Wing Tai acquired the St Kilda Road property in 2018 alongside Abacus Property Group for $95.38 million, before later consolidating ownership of the site. The property previously served as the Victorian Automobile Chamber of Commerce headquarters for around 60 years.

The transformation of the St Kilda Rd boulevard is already beginning to materialise, with a number of high-profile projects recently completed, launched, or approaching launch as developers continue to back the long-term appeal of the precinct.

Among the most notable recent completions is Louise by Samuel Property Group, just off the strip on Queens Lane, the same pocket Hirsch &amp; Faigen recently launched The Queensbury. Mirvac is too on the same street with The Albertine, which is approaching completion.

Dexus recently secured approval for its slice of St Kilda Road, while Gurner also has approved plans for the precinct.

Joel Robinson

Wing Tai unveils 325-apartment St Kilda Road tower on former VACC House site

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

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

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

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

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

Bottega House secures landmark riverfront site in St Lucia 

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

SIERA kicks off construction at Northcliffe tower Exhale

Mirvac

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Mirvac has advised its default rate among its apartment buyers remains below 2 percent.
The group noted defaults were tracking below 2 percent which is in line with where they were at the group's first half financial results advised in February.
Its chief executive Susan Lloyd-Hurwitz said the company's strong performance had been driven largely by a "strategic overweight" position in Sydney and Melbourne.
“We believe we will continue to bene t from the densi cation of these cities in the years to come, through our urban asset creation and mixed-use capabilities."
Residential conditions continue to be mixed nationally, it noted.
"Price growth in the Sydney and Melbourne established markets increased materially, following a strong spring and summer season.
"Recent moves by regulators and lenders will likely see price growth ease, however demand is expected to remain sound. Increasing urban population growth, support from low interest rates and demand for quality dwellings in attractive locations is expected to continue.
"In Brisbane, price growth for apartments has moderated with more solid growth for housing and semi-detached dwellings, while Perth has seen signs of improved demand, particularly among rst home buyers, with support from government incentives. 
"We have seen a solid amount of sales activity, up 18 per cent on the prior corresponding period, and we remain on track to achieve a full-year return on invested capital of more than 15 percent," she said in a statement releasing the group's third-quarter update.
"We also expect to settle approximately 3,300 residential lots in FY17."
“With housing affordability becoming an increasingly concerning issue in Sydney, Mirvac launched its The Right Start initiative during the quarter to assist rst time home buyers in securing their own home.
"The Right Start gave over 50 first home buyers the opportunity to purchase at our Sydney Olympic Park development, and we will continue to look at how we can address housing affordability in Sydney.” 
The major apartment project highlights were the settlement of the group's The Moreton project at Bondi which is now 68 percent settled.
Ebsworth at Green Square, Sydney is now 74 percent settled.
Its launch of new projects and continued sales momentum at existing projects, included Olivine, Melbourne where 100 percent of released lots pre-sold; Woodlea, Melbourne: 100 percent of released lots pre-sold; Pavilions, Sydney Olympic Park, Sydney: 67 percent of released lots pre-sold; and Marrick &amp; Co, Sydney: 69 percent of released lots pre-sold.
Mirvac Group recently announce the appointment of Stuart Penklis as head of residential.
Since joining Mirvac in 2002, Stuart has played a lead role in securing and delivering a diverse set of the Group’s large-scale residential and industrial development projects, such as Harold Park, The Moreton, Hoxton Distribution Park and Calibre in Sydney.
Stuart brings more than 20 years of experience in the property industry, including a number of senior roles in his 15 years with Mirvac, across investment and development in multiple sectors.
Most recently, he led the industrial business as group executive, industrial.
Stuart will commence his role as head of residential on 1 May 2017. 
Mirvac posted a 7 percent rise in profit for its first half ended December 31, capitalising on a record $3.1 billion of residential pre-sales, with CEO Susan Lloyd-Hurwitz going to bat for a taskforce to tackle housing affordability.
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Mixed conditions nationally but Mirvac says apartment default rate below 2 percent

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Mirvac’s headquarters at EY Centre, 200 George Street, Sydney has just received a GOLD certification from the International WELL Building Institute (IWBI), for the building’s features that takes into account the well-being of its occupants. 
The WELL Building Standard measures, certifying, and monitors the performance of a building’s features that focuses primarily on the health and well-being of occupants.
Mirvac’s headquarters has also achieved a 6 Star Green Star Interior rating, further contributing to the sustainable credentials of the building, according to a media release.
Mirvac’s CEO and managing director, Susan Lloyd-Hurwitz, said, "We are extremely proud to have achieved the first GOLD WELL Certification in Australia for our headquarters.
“We aspire to set the benchmark for innovative, healthy workplaces in Australia.”
Rick Fedrizzi, Chairman and CEO of IWBI, presented Mirvac with the certification recently.
“I could not be prouder to be in Australia this week and have the opportunity to personally present a WELL Gold plaque to Mirvac for its 200 George Street Project. 
“Mirvac has given architectural form to the health and well-being focus of WELL… putting humans at the centre of its design decisions, the Mirvac team has underscored how building science and bio science can work seamlessly together to deliver a higher level of health and well-being."
The certification is secured by achieving credits across seven categories including air, water, nourishment, light, fitness, comfort and mind. 
Some of the features to achieve these credits within Mirvac’s workplace at 200 George Street include:
<ul>
<li>Fitness</li>
</ul>
A health and wellness educational seminar series is held in Mirvac’s headquarters in which health professionals educate staff on health and wellbeing;
Pilates classes are held in the office once a week; and
A wellness library with a range of health and wellbeing literature is hosted online for all employees.
<ul>
<li>Air</li>
</ul>
SAMBA sensors throughout the tenancy monitor air quality and create the optimal indoor air quality for employees; and
Air pollution removal, proper ventilation and air filtration are all important aspects Mirvac is implementing to maintain air quality.
<ul>
<li>Water</li>
</ul>
Safe and clean drinking water is provided through proper filtration methods. It is also accessible 30 meters from regularly occupied spaces to encourage hydration.
<ul>
<li>Nourishment</li>
</ul>
Mirvac’s internal café, The Song Kitchen, provides “healthy food” options 
<ul>
<li>Light</li>
</ul>
75 percent of workstations are located within 7.5 meters of a window, increasing access to natural light to provide physiological benefits; and
Lights are also programmed for varying brightness and darkness at appropriate points throughout the day to maintain optimal circadian rhythms.
<ul>
<li>Mind</li>
</ul>
In response to a physiological need to be around nature, Mirvac has developed a Biophilia plan that incorporates nature’s patterns throughout the tenancy design; and
Around 1,171 plants are in the tenancy, which is more than one plant per person.
Over the past few years, Mirvac conducted a series of internal Indoor Environmental Quality (“IEQ”) surveys utilising the Building Occupants Survey System Australia (“BOSSA”) methodology. 
BOSSA is a web-based survey tool designed to assess how satisfied building occupants are with the quality of their indoor environment.
The surveys were performed at Mirvac’s former tenancy at 60 Margaret Street, Sydney and then the new headquarters at 200 George Street, Sydney.
The BOSSA measurements for overall performance, health and productivity improved by 35 per cent since the previous survey. 
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Mirvac's headquarters in Sydney receives WELL certification for healthy workplace

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Developer Mirvac posted a 7 percent rise in profit for its first half ended December 31, capitalising on a record $3.1 billion of residential pre-sales, while its CEO Susan Lloyd-Hurwitz used the occasion to bat for a taskforce to tackle housing affordability.  
Mirvac said statutory profit increased to $508 million from $473 million over the comparable period, while revenue was up 17 percent to $1,36 billion. 
The company announced a half-year distribution of 4.9 cents per stapled security to unit holders and said it would deliver a growth of 9 percent to 11 percent for the full financial year.
CEO and managing director Lloyd-Hurwitz said the company had “delivered a solid set of results in the first half of FY17.”
In its results presentation, Mirvac said it secured future income with a record $3.1 billion of residential pre-sales, while settling 977 residential lots and was on track to settle over 3,300 lots in FY17. The majority of settlements are expected in the second half of the financial year that ends June 30, 2017.
On defaults, Mirvac said the default rate was 2% till January 31, with average price $675,000 per lot, although more than 70% defaults were re-sold with “financial upside”.
She was cited by The Australian as saying that an inclusive taskforce was needed to make housing more affordable. 
“Crisis is a strong word, but when Sydney is the second-most unaffordable city in the world I think it’s probably a justified term,” Lloyd-Hurwitz told The Australian. “It’s something we need to address holistically.”
Sydney was recently ranked second behind Hong Kong in terms of affordability for home buyers, in a study by Demographia. 
Earlier this week, former RBA governor Glenn Stevens was taken on board by NSW Premier Gladys Berejiklian to advise the government on housing affordability.
“We don’t build enough housing for people to come to Australia. There are a whole host of issues around planning, tax — a whole host of issues that need to be thought through,” Lloyd-Hurwitz said. 
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Mirvac posts solid first half results, CEO bats for housing affordability taskforce

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Mirvac Group has been rocked by the departure of its long-time head of residential John Carfi.
The veteran will leave the group to become joint head of global property development at Dubai company Emaar Properties.
The move comes after the listed group unveiled a shift towards more urban regeneration projects in Sydney and Melbourne rather than highrise.
Mirvac holding a record $3 billion of presales and almost 90 per cent of its expected residential earnings secured for this financial year.
Carfi joined Mirvac in 2001.
“I have enjoyed my time at Mirvac and I am extremely pleased to have been able to lead one of Australia’s leading residential businesses for many years.
"The existing business is positioned extremely well to continue to deliver strong earnings and the substantial pipeline will ensure its future success.
"Whilst I am sad to be leaving Mirvac I am looking forward to the opportunity I have ahead of me.”
Mirvac’s chief investment officer, Brett Draffen, who will oversee the residential business in the interim as Mirvac looks to determine a permanent outcome.
Emaar Properties operates in the Middle East, North Africa and Asia.
The iconic Burj Khalifa and The Dubai Mall, the world’s largest shopping and entertainment destination, are among its trophies.
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Mirvac loses its longtime head of residential John Carfi

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The first stage of Mirvac’s Wharf Entrance precinct within Yarra's Edge is nearing completion, with the $200 million Forge residential tower topping out recently. With Forge's topping out ceremony held in recent days, the event also represents a construction milestone for Wharfs Entrance in that it marks the beginning of the end of Mirvac’s Yarra’s Edge precinct.

Construction within the then new precinct began in the early 2000's.

<blockquote>
The topping out of Forge is a significant milestone in this new landmark on Melbourne’s skyline. Forge anchors the Wharf’s Entrance at Yarra’s Edge precinct, providing a distinct new look and fostering a community of diverse residents who want to embrace waterside living.
<cite>John Carfi, Head of Residential, Mirvac</cite>
</blockquote>

The 30-storey tower comprises 228 apartments, of which there are 29 different apartment types. Mirvac's design team were tasked with "designing something different" to what has come before at Yarra's Edge.

Employing concrete, steel and glass, Forge has been designed to respond to its context which has strongly influenced its form. Its location at the threshold between city and bay has resulted in the tower having a dual personality which addresses two distinct conditions.

<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/30082010340_96719b62c9_b.jpg" rel="gallery-all" title="The 30-storey Forge nears completion at Wharfs Entrance. Photo: Sydney Struwig"><img alt="" class="image-article-full-width-580px" height="870" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/30082010340_96719b62c9_b.jpg?itok=9h2f5ZzN" title="The 30-storey Forge nears completion at Wharfs Entrance. Photo: Sydney Struwig" width="580"></a>

<figcaption>The 30-storey Forge nears completion at Wharfs Entrance. Photo: Sydney Struwig</figcaption></figure>The river side of Forge responds to its immediate context via its sweeping curved glazed form reflecting the movement of the Yarra river as it rises and ripples, announcing the precinct to drivers approaching from the Bolte Bridge, while also acting as the terminus to the Bourke Street axis. Forge's southern side brings a strong urban element that responds to the bayside context of Port Melbourne with strong horizontal white bands.

The building's distinct curve, combined with floor to ceiling glazing allows for a range of expansive views that encompass the water, bright lights of the CBD and Port Phillip Bay to the south.

The 100 metre tall building sits atop a 5-storey podium that also includes 302 parking spaces, 84 bike spaces and 229sqm of retail at ground level, which interfaces with the new Wharf's Landing park. With over 75 per cent of apartments sold, Forge is attracting a broad range of residents through a mix of apartments that appeal to different interests.

This has been achieved with Forge introducing a variety of new apartment options to Yarra’s Edge including five one and two-bedroom artist studios, 10 one-bedroom lofts, 56 one-bedroom apartments, two two-bedroom maisonettes, 111 two-bedroom apartments, five three-bedroom terraces and 39 three-bedroom apartments ranging up to 150sqm in size.

<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/img_0458.jpg" rel="gallery-all" title="Forge stands alone for the time being. Image: Mark Baljak"><img alt="" class="image-article-full-width-580px" height="411" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/img_0458.jpg?itok=2XUzlQ2L" title="Forge stands alone for the time being. Image: Mark Baljak" width="580"></a>

<figcaption>Forge stands alone for the time being. Image: Mark Baljak</figcaption></figure>With full completion slated for early to mid 2017, Mirvac will turn its attention to Stage 2 of Wharfs Entrance, with the $128 million Voyager as its centrepiece. The 43-storey tower will rise 138 metres making it the tallest of all the Yarra's Edge towers and will feature 315 apartments with a mix of 62 one-bedroom; 186 two-bedroom and 67 three-bedroom apartments ranging from $495,000 to $2 million.

A rooftop resident's garden retreat called 'The Societe' will crown the tower.

Construction is expected to commence in March-April 2017, and with over 50% of apartments accounted for, completion of Voyager is expected during late 2019.

<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/voyager.png" rel="gallery-all" title="Voyager marks the second stage of Wharf's entrance. Image courtesy of Mirvac"><img alt="" class="image-article-full-width-580px" height="370" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/voyager.png?itok=r1PwHGEQ" title="Voyager marks the second stage of Wharf's entrance. Image courtesy of Mirvac" width="580"></a>

<figcaption>Voyager marks the second stage of Wharf's entrance. Image courtesy of Mirvac</figcaption></figure>
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Laurence Dragomir

Mirvac's Forge tops out with Voyager on the horizon

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It's a great time if you happen to be in the market for an ultra-luxury abode withinin one of Melbourne's premier apartment projects. There's no shortage of choice, with some of the more recent releases to the market looking to set new benchmarks for size, price and overall luxury.

Hot on the heels of Mirvac unveiling The Grand Pavilion Penthouse within their Eastbourne development, Optimus Developments are preparing to release K1 Residences.

What makes the K1 Residences unique is that every dwelling within the project spans an entire floor; 13 levels and 13 apartments. Located off St Kilda Road, Optimus Developments have chosen to put the rare offering to market.

The project's smallest residence measures a spacious 175sqm, with every apartment afforded 360 degree views. K1 Residences' penthouse will also include a 135sqm terrace and rooftop lap pool.

<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/image18_11.jpg" rel="gallery-all" title="K1 Residences. Images: DE atelier Architects"><img alt="" class="image-article-full-width-580px" height="404" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image18_11.jpg?itok=gye5IlXb" title="K1 Residences. Images: DE atelier Architects" width="580"></a>

<figcaption>K1 Residences. Images: DE atelier Architects</figcaption></figure><blockquote>
Fully delivered by Optimus Developments, we believe that K1 Residences will set a new benchmark for innovation and elegance in Melbourne. These are sophisticated and generous homes, with a sense of expansiveness that will embrace you upon arrival.

The apartments will feel like grand established mansions with private gardens.
<cite>Andrew Karpati, Chief Executive Officer, Optimus Developments</cite>
</blockquote>

While K1 Residences shapes as a project devoted entirely to penthouse-style dwellings, Mirvac's Grand Pavilion Penthouse shapes as the ultimate offering to the market. Set above the Eastbourne which will account for what is now the Dallas Brooks Centre, the Grand Pavilion Penthouse is a collaboration between Bates Smart and Mirvac Design.

The numbers for the Grand Pavilion Penthouse are impressive with 507 square metres of internal living space, supplemented by a 301 square metre terrace. Outdoor features include an 11 metre long transparent perspex sided pool and spa, and 50m frontage to the Fitzroy Gardens.

Set 11 levels above the street, Mirvac have now opened a tender process for the dwelling, with interested buyers having until mid-November to log their interest.

<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/image21_10.jpg" rel="gallery-all" title="The Grand Pavilion. Image: Mirvac"><img alt="" class="image-article-full-width-580px" height="246" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image21_10.jpg?itok=D5E5DIaL" title="The Grand Pavilion. Image: Mirvac" width="580"></a>

<figcaption>The Grand Pavilion. Image: Mirvac</figcaption></figure>Split between two wings, the Grand Pavilion Penthouse's west wing holds the master bedroom, walk in robes, ensuite, study, retreat and gym which can adapt to become a 5th bedroom. With either wing split between a central living/dining area, the eastern wing is devoted to the three remaining bedrooms, each with its own en suite and an additional bathroom.

The Grand Pavilion Penthouse also comes with parking for six vehicles and a Living Collection experience which includes an all-inclusive butler service, Pet au Pair and art curator provided over the course of a year.
While Mirvac's Grand Pavilion Penthouse shapes as Melbourne's best, competition is likely to come by way of Crown Resorts/Schiavello's One Queensbridge project. According to <a href="http://www.theaustralian.com.au/business/property/knight-frank-to-market-one-queensbridge/news-story/5607dcec8e5f8731963edd4b9e3111a8">The Australian</a>, the tower set for the banks of the Yarra will become Melbourne's first super prime development.

With a six star hotel included, One Queensbridge's private residences are also set to attain a similar level of luxury.
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silvermb

Melbourne's new rash of penthouses continue to set the benchmark

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Diversified property giant Mirvac has secured nearly a 70 percent increase in their profits given booming real estate markets.
The total profit of $1.033 billion is a sharp increase from its $610 million last year.
The group's operating profit however only rose six percent to $482 million from $455 million.
The jump in profits is down to the revaluation of investment properties - and the ones under construction - which totals $497 million, considerably higher than the $141 million posted last year. 
The group's office and industrial assets contributed $796 million to the totter $1.033 billion profit.
The office portfolio was boosted by recycling assets with sales of $1.6 billion since 2014, showing a passing yield of 7.1 percent.
Each sector of the groups market reported large boosts.
<a href="/images/2016/08/16/Screen%20Shot%202016-08-16%20at%2010.59.32%20am.png" target="_blank">Mirvac's property portfolio</a>
<img src="/images/2016/08/16/Screen%20Shot%202016-08-16%20at%2010.59.32%20am.png" alt="" width="575" height="205">
The residential land division business more than doubled from the year before and profits from retail rose to $243 million.
Their Woodlea, Rockbank subdivision in Melbourne's north-west and its Googong project in NSW secured the largest volume of sales.
They negotiated 258 offshore buyers and secured residential presages for the year of $2.9 billion, up nearly $1 billion on the previous year.
New developments for the group included 200 George Street and 8 Chifley in Sydney, Treasury Building in Perth and 699 Bourke Street in Melbourne.
Mirvac declared a final dividend of 5.2 cents a share, taking the total for unit holders over the year to 9.9 cents, up five per cent on the previous year.
<a href="/images/2016/08/16/Screen%20Shot%202016-08-16%20at%2011.02.21%20am.png" target="_blank">Mirvac's diversification of sectors</a>
<img src="/images/2016/08/16/Screen%20Shot%202016-08-16%20at%2011.02.21%20am.png" alt="" width="581" height="223">
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Mirvac's profits increase 69 percent to see over $1 billion sales

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As reported by Apartments.com.au <a href="/news/on-the-bright-side-2-riverside-quay-southbank">early last year</a>, the City of Melbourne and Mirvac are working in partnership to renew Southbank's Riverside Quay area, with particular emphasis placed on Riverside Quay Place. Key elements of Mirvac's office development at 2 Riverside Quay are a new office complex built over the existing car park and a new urban space at the foot of the building.

The planning permit for this site required the development of a master plan outlining the improvements to the surrounding Mirvac-owned buildings which are Q1, Q2 and Q3 as seen below. 2 Riverside Quay (2RSQ) underlines the entire master plan, with two tower cranes currently at work for what will become the new offices of PricewaterhouseCoopers.

<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/2rsq_stage1.jpg" rel="gallery-all" title="Riverside Quay Masterplan study area - Stage 01. Image courtesy McGregor Coxall "><img alt="" class="image-article-full-width-580px" height="338" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/2rsq_stage1.jpg?itok=M8qSOlZo" title="Riverside Quay Masterplan study area - Stage 01. Image courtesy McGregor Coxall " width="580"></a>

<figcaption>Riverside Quay Masterplan study area - Stage 01. Image courtesy McGregor Coxall</figcaption></figure>Since April, the City of Melbourne have been undertaking community engagement in the Riverside Quay area in an attempt to ascertain who is using the area, how it is being used and what people would like to see. The feedback received during community engagement helped inform council in creating a vision for the Riverside Quay area, which has just been released for further community engagement.

The vision will then inform a master plan that will outline how the existing area could be renewed to meet the needs and values of the local community. Outlined in the vision is a place that:

<ul>
<li>Is welcoming, safe and flexible;</li>
	<li>Allows people to be proud of and invest their time in;</li>
	<li>Is quietly vibrant with different opportunities to engage and experience the place.</li>
</ul>
Key elements of the vision are described in the table extract below:

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/rsq_vision.jpg" rel="gallery-all" title="Riverside Quay Place Key Elements. Image courtesy McGregor Coxall "><img alt="" class="image-article-full-width-580px" height="250" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/rsq_vision.jpg?itok=6k9QwlJl" title="Riverside Quay Place Key Elements. Image courtesy McGregor Coxall " width="580"></a>

<figcaption>Riverside Quay Place Key Elements. Image courtesy McGregor Coxall</figcaption></figure>As part of the further refinement of Riverside Quay, Mirvac have submitted a planning amendment to their permit which would see the main entry lobby moved from the south to the east of the tower under construction in order to provide activation and a stronger interface with the new public space: pedestrian access is now provided directly from Riverside Square.

Alterations have also been made to the ground floor layout to accommodate the relocated main building lobby entry. Additionally the application also includes construction of two new canopies on the eastern façade that will project over Riverside Square.

<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/2rsq_gf_plan.jpg" rel="gallery-all" title="2 Riverside Quay amended ground floor plan. © Mirvac"><img alt="" class="image-article-full-width-580px" height="364" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/2rsq_gf_plan.jpg?itok=CyiaHIVp" title="2 Riverside Quay amended ground floor plan. © Mirvac" width="580"></a>

<figcaption>2 Riverside Quay amended ground floor plan. © Mirvac</figcaption></figure>The City of Melbourne have expressed their support of theses alterations to the development.

<blockquote>
The new lobby entry to the south eastern corner is considered a more appropriate location that will not unreasonably impact the future design of Riverside Square, which is currently undergoing Community Engagement and design process. The new lobby entry reduces travel distance to Riverside Quay, resulting in a more balanced location that engages both Riverside Square and Riverside Quay.

The reduced travel distance will also reduce the impact of any easement of other legal mechanism required to gain legal rights of access to the lobby across the park to Riverside Quay. Any encumbrances on Riverside Square are to be minimised and to this end it is considered that access to the retail/café tenancy should be relocated, so that it does not abut directly on the land.

It is considered that there is sufficient space in the north eastern corner of the site that will allow Riverside Square to remain unencumbered by the future tenancy.

<cite>City of Melbourne's Future (Planning) Committee Report</cite>
</blockquote>

It is anticipated Stage 1 of the masterplan will commence construction in Q3 2016. In the meantime, to stay up to date or get involved, visit the <a href="http://riversidequayplacerenewal.com/">Riverside Quay Place Renewal website</a>.

<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/2rsq_pwc.jpg" rel="gallery-all" title="2 Riverside Quay powering along. Image courtesy Ryan Seychell"><img alt="" class="image-article-full-width-580px" height="375" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/2rsq_pwc.jpg?itok=XP_hpNDT" title="2 Riverside Quay powering along. Image courtesy Ryan Seychell" width="580"></a>

<figcaption>2 Riverside Quay powering along. Image courtesy Ryan Seychell</figcaption></figure>
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The Riverside Quay Place Renewal project takes shape

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All 46 lots offered in the final release of Mirvac's Schofields master-planned development were sold out on the weekend.
More than 700 people registered interest in the blocks, which started at $399,900 for a 324-square-metre block.
Some were offered as house-and-land packages starting at $670,500 in the <a href="https://theavenue.mirvac.com/" target="_blank">393-lot development</a>.
Six new home designs were launched at <a href="https://theavenue.mirvac.com/about/overview/" target="_blank">The Avenue </a>in late June 2015.
Mirvac's head of residential, John Carfi, said The Avenue was set within the government's north-west growth sector which has benefited from investment in infrastructure including the Schofields train station, new schools and roads.
"The Avenue blends the peace of rural tranquility with the convenience and rich amenity of an established urban neighbourhood," the marketing suggested. 
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 Sellout in Schofields on The Avenue

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Urban.com.au was recently invited on a tour of Array, the seventh of Mirvac's Yarra’s Edge towers, which features dual multi-level East and West penthouses. The visit included a walkthrough of the $8 million 425m2 East Penthouse, comprising four bedrooms, four bathrooms, a butler’s kitchen, a private lift and a double height living and entertaining area which opens out onto a terrace offering impressive views of Melbourne’s skyline.

<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/img_2691.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/img_2691.jpg?itok=W_B8hw_d" width="580"></a>

<figcaption>How's the view?</figcaption></figure>The East Penthouse includes over $400,000 worth of high end imported furnishings, bespoke artworks, as well as hand-sketched wallpaper, cushions and bed linen by renowned fashion illustrator Megan Hess, who is best known for sketching the Sex and the City book covers.

<blockquote>
We have had customers purchase multiple apartments to create their own apartments, with expansive spaces and extra bedrooms. We’ve even had some customers buy an entire floor to turn into a city abode for their family.

Array offers a new level of quality, finish and customisation that is further enhanced by our partnership with Megan Hess. The special touch Megan has put on this landmark property is sure to turn the heads of buyers who want a trophy home.
<cite>John Carfi, Mirvac Group Executive Residential</cite>
</blockquote>

Having worked for some of the world’s premier brands and designers, including Chanel, Dior and Vanity Fair, Hess’ design style has been implemented to transform the East Penthouse into an exclusive luxury home. With a brief to create an elegant, contemporary and chic penthouse with international appeal, Hess has curated the East Penthouse’s interior furnishings, sourcing bespoke items from around the globe and even creating her own pieces when necessary.

<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/img_2696.jpg" rel="gallery-all" title="Array East Penthouse Interior"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/img_2696.jpg?itok=KGa7HZUR" title="Array East Penthouse Interior" width="580"></a>

<figcaption>Array East Penthouse Interior</figcaption></figure>Adorning the expansive spaces are ottomans and accessories by Versace, couches by Fendi, and a Roberto Cavalli leather, snakeskin look coffee table. Hess has even specially designed a marble dining table with a gold leaf base for the penthouse, her first foray into furniture design. Jonathan Adler and Coco Republic pieces complement the high fashion furnishings, creating a warm and lavish space.

<blockquote>
I am incredibly proud of the result and thankful to be given such a blank canvas by Mirvac and the trust and free rein to create a high fashion home overlooking the Melbourne CBD.
<cite>Megan Hess</cite>
</blockquote>

The complete interior package is valued at over $400,000, giving the East Penthouse’s lucky purchaser the opportunity to move into the world’s first Megan Hess interior designed penthouse, should they choose to purchase the furniture with the penthouse.

According to John Carfi the remainder of the building was finished to a standard that would rival many penthouses in the city, with the Hess touch raising the bar for the entire project.

The 39-storey tower has been designed by the Mirvac team, headed up by Mirvac’s Design Director Julian Venning, to capture the movement of the surrounding river. A rooftop sculpture crowns the building, creating a strong architectural statement when peering down the Flinders Street axis of the city as it pairs up with Tower V, forming the King and Queen of Yarra's Edge.

<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/img_2676.jpg" rel="gallery-all" title="Array amongst other Yarra's Edge towers"><img alt="" class="image-article-full-width-580px" height="870" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/img_2676.jpg?itok=62ghMoQL" title="Array amongst other Yarra's Edge towers" width="580"></a>

<figcaption>Array amongst other Yarra's Edge towers</figcaption></figure>Leading past the adjacent marina that fronts the building and a 250m2 retail space, residents and guests enter through a lavish lobby featuring a striking backlit onyx wall and twinkling overhead star lights.

Combining luxury and efficiency residents can be mindfully aware of their carbon footprint with interactive screens on the ground floor providing updates on the building’s energy consumption throughout the day and night, while green switches allow residents to turn all of their appliances off at once as they leave their home.

<blockquote>
Our customers have told us they care about these efficiency features as much as design. There is a real desire in the market to be able to live mindfully and be aware of one’s impact on the globe.
<cite>Julian Venning, Mirvac Design Director</cite>
</blockquote>

Rounding off the amenities are an onsite gym and lounge area, complemented by fully serviced marina berths with individually metered power, water facilities and the convenience of a full-time on-site marine manager and 24 hour security.

More than 90 per cent of the $219 million development has been sold, with the first residents moving in during April.

Please enjoy the photo slideshow below taken on a sunny Melbourne winter's day.
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