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>

Joel Robinson

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.
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[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Local Little Bay residents, along with buyers from premium postcodes across Sydney’s affluent Eastern Suburbs, have dominated purchases in developer-builder Urban Property Group’s first Eastern Suburbs apartment development, <a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a>.

The $250 million coastal project, one of the first new developments in the area in several years, has proven particularly popular with downsizers, especially those from Coogee and Bondi. One Double Bay downsizer paid $4.7 million for a four-bedroom penthouse, setting a new local apartment price record in the process.

Buyers have been attracted to the combination of coastal tranquillity, premium design and amenity-rich neighbourhood living. The walkable village setting, along with proximity to three of Sydney’s leading golf courses, New South Wales Golf Club, St Michael’s Golf Club and The Coast Golf Club, has also been a key drawcard.

[smartcode_project:default project_id=112343 project_image_fid=352689]

Built across two low-rise buildings designed by <a href="https://www.apartments.com.au/architects/hill-thalis-architecture-urban-projects-pty-ltd">Hill Thalis</a> and set along a lush, landscaped green spine, designed by leading landscape architect <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>, ESTE Little Bay offers a collection of one, two, three and four-bedroom residences with interiors by Richards Stanisich.

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> Sales Director, Tom McIvor said the response to ESTE has been "nothing short of extraordinary."

“Buyers have been quick to recognise ESTE as a rare opportunity to invest in a coastal sanctuary that offers both seclusion and connectivity to the heart of Sydney,” McIvor said.

[smartcode_project:default project_id=112343 project_image_fid=352687]

<a href="https://www.apartments.com.au/project-marketer/srm-residential">SRM Residential</a> Senior Director, <a href="https://www.apartments.com.au/project-marketer/srm-residential">Clayton Ross</a> said the local market has responded incredibly well, driven by ESTE’s exceptional location and the rarity it offers.

“We’ve seen strong interest from a variety of buyer groups, all of whom are drawn to the exclusivity and quality of the build and construction by the 4.5-star iCIRT-rated builder / developer, Urban Property Group. There’s truly nothing else like it along Sydney’s coastline.”

[smartcode_project:default project_id=112343 project_image_fid=352690]

The project also includes robust buyer protections, including Resilience Insurance’s Latent Defects Insurance, providing 10 years of structural cover, and an independent iCIRT-rating of the developer.

“The iCIRT-rating adds another layer of confidence,” Ross added. “Buyers see it as a safeguard for their investment and their lifestyle.” A highlight of ESTE’s offering is its exclusive wellness amenities, including a heated rooftop infinity pool and outdoor heated spa, a state-of-the-art Technogym fitness centre, and a sauna.

<a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a> is topped out and is on track to complete towards the end of 2026, with residents moving in before Christmas.

[smartcode_project_cta:default project_id=112343]

Eastern Suburbs buyers snap up ESTE Little Bay apartments

Parramatta

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The NSW government has committed to the largest ever government agency leasing deal in Western Sydney, with more than 62,000 square metres of A-Grade office accommodation to be built by Walker Corporation at 4 Parramatta Square.
The new building will accommodate at least 4,000 public service roles, including more than 1,600 planning and environment roles relocating directly from the Sydney CBD by 2019.
Minister for Finance, Services and Property, Dominic Perrottet, said the development would establish a major public service base in Parramatta, the heart of Sydney’s second CBD.
The development will bring together around 2,500 roles from the Department of Planning and Environment, the Office of Environment and Heritage and the Environment Protection Authority, creating a Western Sydney Planning and Environment “hub” and improving opportunities for these agencies to work together.
Around 1,600 Department of Finance, Services and Innovation roles already located in Western Sydney will also be co-located in the new building.
The selection of Walker Corporation as preferred proponent followed an expressions of interest process and subsequent detailed tender phase.
Development approval for the site has been obtained and construction work is expected to commence in March 2017.
Since 2014, the government has announced the relocation of more than 4,200 public service roles from the CBD to Western Sydney.
This includes more than 1,800 jobs from the Department of Education, which will be relocated to 105 Phillip Street, Parramatta in 2018.
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j.ballantyne1990-6AQqhLzZaK

NSW government jobs bound for Parramatta Square

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An undisclosed buyer has paid over $3 million for the second penthouse in Parramatta businessman has just purchased Coronation Property's 8 Phillip Street’ in Parramatta.
Local businessman Bob Reiman purchased the first penthouse within the 55-storey tower for $3 million on launch day, Saturday 19 November.
Stage 1, consisting of 150 apartments, sold out within the first hour.  After the release of stage 2 189 apartments had sold at the end of the first day, including the first penthouse, exceeding $160 million in sales. 
Over 72 percent of sales were to owner-occupiers.
Jason Soulos, Sales Director, <a href="https://coronation.com.au/projects/phillip-street/" target="_blank">Coronation Property</a> said the latest penthouse buyer had been looking to move out of his house and into an apartment for the lifestyle benefits, but didn’t want to compromise on space. 
"He also didn’t want to leave Parramatta and had been searching for two years to find something large enough with a high level of design and quality finishes,” he said.
“Essentially he was motivated by the sheer size of the penthouse as its 189 square metre proportions are basically double the size of a typical three-bedroom apartment. 
"He also loved the attention to detail and premium fitout delivered by Woods Bagot and likes to entertain, so immediately saw his penthouse as an entertainers’ paradise.
"It looks likely we will release stage 3 in February next year, four months ahead of schedule.  We strongly suggest those interested in this luxury tower submit their expressions of interest before the stock is released in the new year, to avoid missing out.”
Joe Nahas, managing director, Coronation Property said that the group’s latest premium, mixed-use development was a distinctly unique offering in Australia, let alone for Parramatta.
“While residents of 8 Phillip Street will have hotel facilities right at their fingertips, the residential component of the building will be very private and accessed via its own lobby,” he said.
“There are very few developments that integrate the same level of contemporary design and lifestyle offering that 8 Phillip Street will deliver, together with spectacular boutique hotel facilities… in the heart of Sydney’s growth area.”
Studio apartment prices start from $492,000.
Designed by international design firm Woods Bagot, 8 Phillip Street will feature more than 300 one, two and three bedroom residences, a rooftop bar, and architecture and outdoor design elements by project partner Jamie Durie.
The project gallery is on level one at 8 Phillip Street, Parramatta and features a to-scale three bedroom apartment complete with ensuite, main bathroom, powder room, laundry, kitchen, dining and living room complete with a balcony overlooking greater Sydney. 
The project gallery and display apartment is open from 11am – 4pm on Thursdays to Sundays or by appointment.  Appointments can be made by calling 1800 753 163 or enquiring via <a href="mailto:sales@coronation.com.au" target="_blank">sales@coronation.com.au</a>.
Meanwhile developer Meriton's Altitude towers at Parramatta will have two sky penthouses.
They will occupy the top floor of the Altitude residential tower - Parramatta’s tallest yet building soaring to 54 levels.
The move will place the owners of the luxurious and expansive penthouses more than 170 metres above the ground in the cultural heart of Parramatta.
James Sialepis, Meriton’s director of sales, the four-bedroom penthouses have prices at $2.350 million and $2.050 million.
Altitude is on a former David Jones site in Church Street, bought for $36.5 million in 2010.
The project consists of a 377-apartment residential tower and a 36-floor Meriton Serviced Apartments hotel with 254 suites and which opened this month.
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jonathanchancellor-7SQnKwU6yx

Penthouse sale smashes two-week-old $3 million record price paid for a penthouse in Parramatta

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Many of the Sydney residential markets are showing resilience – refusing to lie down – but the overwhelming weight of evidence is that the big price boom has run its course.
You will note my reluctance to speak about “the Sydney property market” as a single entity. The tendency by media (and many of the attention-seekers, like economists and publicity-obsessed research companies, who feed journalists misinformation) to distil market dynamics for a major city to a single growth figure is really unhelpful and often misleading. 
The Sydney metro area, with over 700 suburbs, has many different markets. They’re not all moving as one. To describe Sydney house price movements as a single figure might satisfy a simplistic media but it tells no one anything useful. 
My latest analysis of sales data reveals there are still a small number of Sydney suburbs with growth markets, a much larger number which I classify as “plateau” markets (have levelled off a little below the peak), a few that show notable consistency of sales over time, and a small but growing number that I categorise as “danger” markets.
That amounts to lots of different scenarios within the boundaries of the Greater Sydney Area. 
If there is any commonality to be found, it’s that the volume of sales overall has dropped in 2016 and that most research sources are publishing data which confirms that the overall rate of price growth has dissipated considerably.
The other common feature is that many Sydney areas are hanging tough. Some of the key factors that drove the boom – the strength of the Sydney/NSW economy and the high level of spending on infrastructure – are still in place.
But some of the other influences – the absence of major growth in the decade pre-2013 and the relative affordability it created – has passed into history. There’s no way that strong level of price growth could continue beyond three years, because price becomes an issue for more and more people.
But a lot of Sydney markets are showing resilience – still making good sales and maintaining strong prices, just without the double-digit annual growth of the recent past. This is one of the reasons I’m not expecting any significant decline in Sydney markets in the near future.
But there are exceptions. There are now eight suburbs which I classify as danger markets. They’re all locations dominated by apartments and they’re places where sales rates have dropped markedly at a time when developers are still bringing lots of new supply to the market.
In some of those standout locations, like Parramatta, the rate of sale is a third of the levels of three years ago. Practitioners who claim Sydney can build unlimited numbers of new apartments because the city has a dwelling shortage are deluding themselves and others. There are specific markets in Sydney heading for major oversupply, regardless of the overall supply-demand situation for the metro area as a whole.
The areas showing the most solidity in the face of the overall decline in the market heat are headed by the City of Penrith. There’s still plenty of life in markets out in the far west – and this is typical of the Sydney places investors should consider to achieve growth in coming years.
Sydney’s property boom was caused by a number of core factors, including the overall strength of the NSW economy and the lengthy period without strong growth pre-2013.
But the biggest single factor for me is the high level of spending on infrastructure. Tens of billions of dollars are being invested and that’s generated economic activity and jobs, while improving the amenity and/or accessibility of locations. Transport and medical-educational facilities are the big ticket items.
So the way forward for investors in Sydney is to follow the infrastructure trail – and, in general terms, that means looking west where the second airport is being built, as well as new motorways and rail links.
Municipalities like Penrith, as well as Blacktown and Liverpool, are the most likely beneficiaries.
Buying property that lies in the path of progress has always been a core method of making money in real estate – and that’s one of the keys for investors contemplating the inevitable wind-down in markets in Sydney.
Terry Ryder is the founder of <a href="https://www.hotspotting.com.au/" target="_blank">hotspotting.com.au</a>. You can <a href="https://mailto:ryder@hotspotting.com.au" target="_blank">email him</a> or follow him on <a href="https://twitter.com/hotspotting" target="_blank">Twitter.</a>
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terryryder-YECXbqmri2

Parramatta on list of eight danger property market suburbs: Terry Ryder

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Prominent Sydney hotel owner and developer, Iris Group, has listed its development site in the heart of Parramatta’s Gateway precinct.
Now the sixth largest CBD in Australia with a population approaching a quarter of a million, the listing presents an opportunity to participate in what the listing agents described as "a massive building boom."
"The timing of the Iris listing could not be better, according to Savills Director Residential Site Sales, Neil Cooke, who is marketing the property with colleague Stuart Cox in conjunction with Khoury &amp; Partners’ Anthony Khoury, George Khoury and Jon Race. 
In August last year, it was reported the Chinese developer, Greenland Group, was considering the purchase of the Crown Hotel at 295 Church 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/2016/11/22/700_iris1.jpg" alt="">
Cooke said the State Government has underlined the importance of Parramatta "in no uncertain terms" with, among other things, its $10 billion infrastructure investment for Parramatta and Western Sydney, including the new $1 billion Light Rail network.
“What that means for Iris Group’s Crown Hotel site at 295-309 Church Street is the confidence that State Government backing provides to developers to proceed with the sort of ambitious and exciting projects that sites such as this can deliver to a City in the midst of an incredible growth phase,” Mr Cooke said.
The 1,082 square metre site, with 35 metres frontage to Church Street and 26 metres to Phillip Lane, is located in a core CBD Gateway position, in the heart of Parramatta’s vibrant ‘Eat Street’ precinct and adjacent to the proposed $250 million Riverside tower development on the Parramatta River. 
The B4 Mixed Use zoning allows for a variety of uses including commercial premises, a luxury hotel, residential tower or a combination of these uses. Parramatta City Council recently granted Gateway Approval for an increase in FSR to 10:1 with a height limit to part 12 metres and part 150 metres. 
According to Anthony Khoury, a redevelopment of the site with a potential gross floor area of circa 12,000 square metres (STCA), in accordance with the Gateway Approval, would offer apartment dwellers views over Parramatta River within walking distance of Westfield Parramatta and the Parramatta bus/rail interchange and ferry terminal.
Mr Khoury declined to put a price on the property instead citing the recent sales of 135 George Street (cnr Harris Street) and the Thompson Ford site. 
135 George Street –<a href="https://www.realcommercial.com.au/property-land+development-nsw-parramatta-501863054" target="_blank"> the Albion Hotel site on 3,135 square metres </a>- was sold by Solotel after its three decade ownership in September for $60 million through Khoury &amp; Partners with a mixed use, 26,000 square metre planning proposal.
The residential developer, Dyldam paid $70 million for the nearby 3,300 square metre Thompson Ford site at the corner of Church Street and Great Western Highway.
“The market for mixed use and or/residential development sites is white hot,” Mr Khoury said.
Offers are due December 6.
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Iris list white hot Parramatta Gateway development site

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A record price has been paid for penthouse in Parramatta.
The $3 million sale was in the initial offering of Coronation Property’s highly anticipated 8 Phillip Street in Parramatta.
Local Parramatta businessman Bob Reiman (below) had originally planned to buy a standard three bedroom apartment, but upgraded to the $3 million penthouse - one of a handful of apartments on the top two floors of the 55 storey tower.  
<img src="/images/2016/11/21/DSC_0011.JPG" alt="">
 
The apartments for sale started from $459,000 for a studio apartment.
<img src="/images/2016/11/21/700_coronation.jpg" alt="">
The prior disclosed off the plan penthouse offerings elsewhere in Parramatta had been in the $2.2 million to $2.6 million range. 
“I was really impressed with the quality of the finishes of the apartment and the design by international architect Woods Bagot," said Mr Reiman.
Its stage one sold out, after more than 200 expressions of interest were received prior to launch day resulting in more than $110 million sold in the first few hours.  
Further strong sales are anticipated over the next few days.
The luxury 55-storey tower will feature boutique QT Hotel accommodation on its lower levels, together with world-class facilities including a signature QT bar &amp; grill restaurant which will also be open to the public, multiple meeting and event spaces, Spa Q, a ballroom accommodating 200 people seated and an alfresco infinity pool on the 18th storey.
8 Phillip Street will comprise just over 300 residences when completed in 2020, with apartments to include one, two and three bedroom configurations, as well as studio and penthouse options.
<img src="/images/2016/11/21/700_parra.jpg" alt="">
The tower’s pièce de résistance is its spacious ‘Studio 54’ rooftop bar which will be open to residents as well as the public and will easily be able to accommodate 600 patrons, who will be able to enjoy unapparelled views of Sydney’s CBD and surrounds.
Jason Soulos, Sales Director, Coronation Property, said the response to 8 Phillip Street had been exceptionally strong in the lead-up to the sales launch.
“Although we were expecting robust sales at our launch, it wasn’t until we opened our project gallery in recent weeks that we were able to truly gauge just how exciting the project had become to locals – many of whom have since purchased apartments within the development,” Mr Soulos said.
“The addition of high-tech, immersive virtual reality booths within our project gallery to showcase the project to buyers was exceptionally well-received – the technology was able to virtually transport buyers right to the top of the tower to experience its facilities and vistas for themselves.”
Buyers on the day also cited the inclusion of world-class landscape architecture and outdoor design elements by project partner Jamie Durie as another drawcard for 8 Phillip Street, with the gardening guru planning a floating forest and trapeze garden to grace the tower’s façade and foyer.
According to Mr Soulos, the majority of purchasers to date are owner-occupiers, with many currently living or working in Parramatta.
The project gallery and display apartment is open from 11am – 4pm on Thursdays to Sundays or by appointment.  Appointments can be made by calling 1800 753 163 or enquiring via <a href="mailto:sales@coronation.com.au" target="_blank">sales@coronation.com.au</a>.
For more information visit liveat8phillipst.com.au.
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Record $3 million penthouse sale in Coronation’s 8 Phillip Street, Parramatta

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Apartment sales for Parramatta's 8 Phillip Street mixed use development begin 19 November.
The project includes 280 contemporary residences with options including studios, one, two, three-bedroom layouts plus penthouses.
Construction is due for completion in 2020.
<img src="/images/2016/11/18/coronation3.jpg" alt="">
The 55-storey Woods Bagot designed building will include 35 levels of apartments, 14 levels of designer QT Hotel accommodation and dining, Spa Q, and separate rooftop bar, Studio 54, on the 54th floor, and open-air pool overlooking greater Sydney.
The building design includes capacity for 205 standard deluxe rooms, 50 executive deluxe rooms and two QT suites. The hotel will be Parramatta’s first five-star offering.
Hotel amenities will include a QT bar &amp; grill restaurant which will also be open to the public, multiple meeting and event spaces, Spa Q, a ballroom accommodating 200 people seated and an alfresco infinity pool on the 18th storey.
<img src="/images/2016/11/18/coronation2.jpg" alt="">
Joe Nahas, Coronation’s managing director said the development has been designed to create vibrancy in the area, during both day and night. 
"Locals will be encouraged to experience the sweeping 180-degree panorama of the Blue Mountains, across to Sydney Olympic Park and over to Sydney’s CBD, harbour and beyond from Studio 54, the rooftop bar, and dine in the gourmet restaurants.  It’s going to become a destination for the entire community," he said.
The quirky designer hotel will feature a stunning three storey lobby void, which will be independent from the adjacent residential lobby, with inspiration for the lobby’s three storey staircase was drawn from Louis Vuitton’s Vienna outlet.
The project gallery and display apartment for Coronation Property’s 8 Phillip Street mixed-use tower in Parramatta is open by appointment, with visitors able to inspect the tower’s ‘Studio 54’ rooftop bar through a movie-grade virtual reality booth.
The virtual tour begins when visitors are and taken up the tower lift, with doors opening on level 54, where they will be greeted by the hostess before venturing down to their reserved table to enjoy the bar scene.
The project gallery features a luxurious to-scale three-bedroom apartment complete with ensuite, main bathroom, powder room, laundry, kitchen, dining and living room complete with a balcony overlooking greater Sydney.  It will also include an interactive precinct and building. 
The project gallery and display apartment will be open by appointment only on weekends from 11am – 4pm and Tuesdays – Fridays from 11am – 6pm. 
For more information, call Coronation Property on 1800 753 163 or visit <a href="https://liveat8phillipst.com.au/" target="_blank">liveat8phillipst.com.au</a>.
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Apartment sales launch for Coronation's 8 Phillip Street, Parramatta

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The project gallery and display apartment for Coronation Property’s 8 Phillip Street mixed-use tower in Parramatta is open by appointment, with visitors able to inspect the tower’s ‘Studio 54’ rooftop bar through a movie-grade virtual reality booth.
The virtual tour begins when visitors are and taken up the tower lift, with doors opening on level 54, where they will be greeted by the hostess before venturing down to their reserved table to enjoy the bar scene.
Joe Nahas, managing director of Coronation Property said they were very keen to provide this innovative experience for our clients as this development is truly unique on all fronts and needs to be seen to be believed. 
The project gallery features a luxurious to-scale three-bedroom apartment complete with ensuite, main bathroom, powder room, laundry, kitchen, dining and living room complete with a balcony overlooking greater Sydney.  It will also include an interactive precinct and building. 
8 Phillip Street will ultimately include 300 contemporary residences with options including studios, one, two and three-bedroom layouts, plus penthouses.
The 55 storey building will also include 14 levels of designer QT Hotel accommodation below 35 levels of apartments.  The building design includes capacity for 205 standard deluxe rooms, 50 executive deluxe rooms and two QT suites. 
Hotel amenities will include a QT bar &amp; grill restaurant which will also be open to the public, multiple meeting and event spaces, Spa Q, a ballroom accommodating 200 people seated and an alfresco infinity pool on the 18th storey.
Apartment sales will launch 19th November, with construction due for completion in 2020.
The project gallery and display apartment is located at Level 1, 8 Phillip Street, Parramatta. Inspection is strictly by appointment only on Saturday and Sunday 11am to 4pm and Tuesday to Friday 11am to 6pm.
For more information, please call Coronation Property on 1800 753 163 or visit <a href="https://www.liveat8phillipst.com.au/" target="_blank">liveat8phillipst.com.au</a>.
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Coronation Property’s Studio 54 experience in Parramatta

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SPONSORED POST
Coronation’s world-class ‘8 Phillip Street’ is set to become a Sydney icon, not only for its striking contemporary design, but for the way it will totally transform the dynamic of Parramatta’s dining, riverside and historic precinct. 
<img src="/images/2016/11/08/coronation1.jpg" alt="" width="426" height="767">
The 55-storey Woods Bagot designed building will include 35 levels of apartments, 14 levels of designer QT Hotel accommodation and dining, Spa Q, and separate rooftop bar, Studio 54, on the 54th floor, and open-air pool overlooking greater Sydney.
Joe Nahas, Coronation’s Managing Director said “it’s been designed to create vibrancy in the area, during both day and night.  Locals will be encouraged to experience the sweeping 180-degree panorama of the Blue Mountains, across to Sydney Olympic Park and over to Sydney’s CBD, harbour and beyond from Studio 54, the rooftop bar, and dine in the gourmet restaurants.  It’s going to become a destination for the entire community.”
<img src="/images/2016/11/08/coronation2.jpg" alt="" width="475" height="475">
“We are deeply committed to delivering world-class architecture and creating residences that the local community will love. 8 Phillip Street will set the benchmark for mixed-use developments not only in Sydney, but internationally. Woods Bagot have delivered a design that is truly visionary and manages to exceed the high standard we insist on,” said Mr Nahas.
The project includes 280 contemporary residences with options including studios, one, two, three-bedroom layouts PLUS penthouses.
<img src="/images/2016/11/08/coronation3.jpg" alt="">
The project gallery and display apartment offers visitors the opportunity toexperience the tower’s ‘Studio 54’ rooftop bar via blockbuster movie-grade virtual reality in two booths. Via the latest technology you are transported to 8 Phillip Street and taken up the tower lift. With doors opening on level 54 you are greeted by the hostess before venturing down to your reserved table to enjoy the buzzing bar scene.
The project gallery features a luxurious to-scalethree-bedroom apartment complete with ensuite, main bathroom, powder room, laundry, kitchen, dining and living room complete with a balcony. Those interested are encouraged to secure their appointment with Coronation Property as soon as possible to see the gallery first and have their chance to secure their residence in this truly remarkable building.
Apartment sales will launch 19th November, with construction due for completion in 2020.
The project gallery and display apartment opens this weekend and is located at Level 1, 8 Phillip Street, Parramatta. Inspection is strictly by appointment only on Saturday and Sunday 11am to 4pm and Tuesday to Friday 11am to 6pm.
For more information, please call Coronation Property on 1800 753 163 or visit <a href="https://www.liveat8phillipst.com.au" target="_blank">liveat8phillipst.com.au</a>.
 
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Coronation Property’s ‘8 Phillip Street’ in Parramatta lifts the benchmark for mixed-use apartment developments to 55 storeys

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The project gallery and display apartment for Coronation Property’s 8 Phillip Street mixed-use tower in Parramatta opens by appointment this Saturday, with visitors able to inspect the tower’s ‘Studio 54’ rooftop bar through a movie-grade virtual reality booth.
The virtual tour begins when visitors are and taken up the tower lift, with doors opening on level 54, where they will be greeted by the hostess before venturing down to their reserved table to enjoy the bar scene.
Joe Nahas, managing director of Coronation Property said they were very keen to provide this innovative experience for our clients as this development is truly unique on all fronts and needs to be seen to be believed. 
The project gallery features a luxurious to-scale three-bedroom apartment complete with ensuite, main bathroom, powder room, laundry, kitchen, dining and living room complete with a balcony overlooking greater Sydney.  It will also include an interactive precinct and building. 
8 Phillip Street will ultimately include 300 contemporary residences with options including studios, one, two and three-bedroom layouts, plus penthouses.
The 55 storey building will also include 14 levels of designer QT Hotel accommodation below 35 levels of apartments.  The building design includes capacity for 205 standard deluxe rooms, 50 executive deluxe rooms and two QT suites. 
Hotel amenities will include a QT bar &amp; grill restaurant which will also be open to the public, multiple meeting and event spaces, Spa Q, a ballroom accommodating 200 people seated and an alfresco infinity pool on the 18th storey.
Apartment sales will launch on 19 November 2016 with construction due for completion in 2020.
The project gallery and display apartment will be open by appointment only on weekends from 11am – 4pm and Tuesdays – Fridays from 11am – 6pm. 
For more information, call Coronation Property on 1800 753 163 or visit <a href="https://liveat8phillipst.com.au" target="_blank">liveat8phillipst.com.au</a>.
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Coronation Property releases virtual reality experience for 8 Phillip Street development

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Coronation Property has announced QT Hotels &amp; Resorts has entered into an agreement to open its third hotel in New South Wales within the 8 Phillip Street mixed-use apartment tower in Parramatta. 
The hotel will be Parramatta’s first five-star offering.
The Woods Bagot designed 54 storey building will include 14 levels of designer QT Hotel accommodation below 35 levels of apartments. 
The building design includes capacity for 205 standard deluxe rooms, 50 executive deluxe rooms and two QT suites.
The quirky designer hotel will feature a stunning three storey lobby void, which will be independent from the adjacent residential lobby. 
Inspiration for the lobby’s three storey staircase was drawn from Louis Vuitton’s Vienna outlet.
Hotel amenities will include a signature QT bar &amp; grill restaurant which will also be open to the public, multiple meeting and event spaces, a ballroom accommodating 200 people seated and an alfresco infinity pool on the 18th storey.
Joe Nahas, Managing Director, Coronation Property said 8 Phillip Street’s world-class design will be a transformative project for Parramatta.
QT Hotels’ signature designer, yet quirky spaces, combined with bold entertainment and relaxing guest experiences has become renowned in the hotel and hospitality sector since it opened QT Gold Coast in 2011. 
QT'S David Seargeant said its hotels were sort out by design driven travellers. 
"Coronation Property’s high standard of design for this project aligns perfectly with our brand making this such a great partnership.”
David Borger, Director, Sydney Business Chamber Western Sydney, said iIn the next five years the economy is expected to grow by 30 per cent, to $30 billion, with many new businesses centring their operations in Parramatta, bringing with them an additional 29,000 white collar office workers looking to live in Parramatta.
8 Phillip Street is scheduled to open in 2020.
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