Investors may soon find themselves with fewer reasons to buy established property and more incentives to look towards the new apartment market.

Proposed changes to negative gearing and capital gains tax concessions would see new and off-the-plan apartments retain access to the tax benefits, while established properties would miss out, creating a clear advantage for buyers purchasing newly built housing.

The policy direction aligns with what many developers have been saying for several years. Australia needs more housing supply, and governments are increasingly looking for ways to encourage investment into new stock rather than existing homes.

The challenge for investors is that suitable product is becoming harder to find.

For much of the last decade, one-bedroom apartments were the cornerstone of investor demand. They offered a lower entry price, strong rental appeal, and were a common feature across most apartment developments.

Today, the development pipeline looks very different.

Across both New South Wales and South East Queensland, developers are increasingly targeting owner-occupiers and downsizers, delivering larger two, three and four-bedroom apartments in response to changing buyer preferences. While one-bedroom apartments still exist, they now form a much smaller portion of many new projects.

That shift has created a shortage of investor-friendly stock, particularly in well-located projects close to transport, employment hubs and lifestyle amenity.

At the same time, rising apartment prices have pushed many new developments beyond the reach of traditional investors. On the Gold Coast and across South East Queensland, it's becoming increasingly difficult to find new apartments priced around the $1 million mark, particularly those offering strong rental fundamentals and long-term growth prospects.

We've rounded up four new apartment developments where investors can still secure a foothold in the market for around $1 million or less.

<h2 data-end="1140" data-start="844">Flourish Soleira</h2>

<h2>Priced from: $1.07 million</h2>

Popular Palm Beach developer Sherpa is soon to officially launch its newest local apartment development, Flourish Soleira.

The one-bedroom apartments in the building were only offered to first home buyers rather than investors, and all of those have been snapped up. The two-bedroom apartments will start from $1.07 million, and the three-bedrooms, still a good investment given the popularity of Palm Beach for owner-occupiers, starting at $2,045,000.

&nbsp;

[smartcode_project:default project_id=150017 project_image_fid=370964]

Flourish Soliera will comprise 153 apartments across two buildings, connected by a skybridge, the first ever delivered in the suburb.

True to Sherpa's booming Flourish brand of apartment projects, Flourish Soleira will have extensive rooftop amenity across both buildings including a&nbsp;wellness centre with gym, work from home, yoga, pilates, a&nbsp;heated pool, private dining rooms, pizza oven and barbecues, basketball court, and golf simulator.

<h2>Corallo, Palm Beach</h2>

Priced from: $841,500

Nearby Flourish Soleira is Changfa Group's beachfront-inspired Corallo development. They still have some one-bedroom apartments remaining, priced from $841,500.

The 105-apartment project on Palm Beach Avenue is otherwise dominated by larger two and three-bedroom residences, many of which are aimed at owner-occupiers and downsizers.

[smartcode_project:default project_id=112194 project_image_fid=808]

For investors, the appeal lies in Palm Beach's continued transformation from a laid-back beachside suburb into one of the Gold Coast's most sought-after residential markets. Residents at Corallo will be within walking distance of Palm Beach's surf beaches, the recreational amenity of Tallebudgera Creek, and the increasingly popular collection of cafes, restaurants and boutique retailers along the suburb's central dining precinct.

<h2>Corner House, Stones Corner</h2>

<h2>Priced from: $880,000</h2>

One of only two Brisbane apartment developments to make the list with prices under $1 million is DeMartini Fletcher's Corner House development in Stones Corner.

One-bedroom apartments start from $880,000 within the 88-apartment development, providing investors with exposure to one of Brisbane's most established inner-south locations.

[smartcode_project:default project_id=149098 project_image_fid=330594]

Stones Corner has long been supported by strong tenant demand due to its proximity to major employment and education destinations. The suburb sits less than five kilometres from Brisbane's CBD and is within easy reach of the Princess Alexandra Hospital, Greenslopes Private Hospital, Queensland Children's Hospital and several university campuses.

The project's location within a walkable urban village environment, surrounded by retail, dining and public transport infrastructure, continues to attract both professionals and healthcare workers seeking accommodation close to work.

Parkdrive Apartments, Chermside

Priced from: $749,000

The most affordable apartments across Brisbane's new and off the plan market are in Chermside where developer AusDev is selling one-bedroom apartments from $749,000, and two-beds from $929,000, at its recently launched Parkdrive development.

The development is strategically positioned in one of Brisbane's largest employment and retail precincts, placing residents within easy walking distance of Westfield Chermside, The Prince Charles Hospital, St Vincent's Private Hospital Northside and the suburb's major bus interchange.

[smartcode_project:default project_id=152125 project_image_fid=363782]

Already under construction and scheduled for completion in early 2028, Parkdrive benefits from Chermside's ongoing evolution into Brisbane's northern metropolitan centre. The suburb continues to attract significant public and private investment, supporting population growth and underpinning long-term rental demand.

For investors focused on yield and tenant depth, the combination of healthcare, retail and transport infrastructure within close proximity provides a strong foundation for occupancy and rental performance.

Joel Robinson

Investors to turn to new apartments after Federal Government changes spark hunt for Queensland's best $1 million apartments

A mix of Gold Coast locals, fly-in, fly-out purchasers from Sydney and Melbourne, and Brisbane-based families has driven early sales success at Broadbeach's newest apartment tower, Lumara.

The 26-level project, a joint venture between builder-developer 5Point Projects and Bourke Projects, comprises just 37 luxury residences and is attracting a buyer profile that is looking for exclusivity, above the most amenity-rich suburb on the Gold Coast.

[smartcode_project:default project_id=150454 project_image_fid=364156]

Jamie Bourke, Director of Bourke Projects, says every buyer secured so far intends to use Lumara as a lock-up-and-leave residence, combining holiday use with the ability to work remotely when required.

“The size of the apartments, both half- and full-floor options, and the different zones within the floorplans, lends itself perfectly to dedicated home office setups and multi-generational family holidays,” Bourke says.

That flexibility has become a key drawcard for affluent buyers seeking a second residence on the Gold Coast without sacrificing the ability to conduct business away from their primary home base.

The absence of holiday letting within the building has also resonated strongly with purchasers.

“This type of buyer doesn't need to generate holiday rental income,” Bourke says. “They're paying for exclusivity, privacy and certainty around who their neighbours are.”

[smartcode_project:default project_id=150454 project_image_fid=366491]

The strong demand comes amid broader shifts in the high-end apartment market following the Federal Budget announcements in May.

“We were already seeing strong enquiry from high-net-worth buyers, but that has only accelerated since the policy changes,” Bourke says.

“A lot of those buyers are looking to place more capital into premium lifestyle assets rather than investment-grade stock that has been targeted by the Federal Government.”

[smartcode_project:default project_id=150454 project_image_fid=366486]

Designed by Cottee Parker, Lumara adopts a slender, sculpted form with an emphasis on natural materials suited to its beachfront setting. The architectural approach draws on coastal influences, with a palette of stone, timber and concrete selected for durability and the ability to weather over time.

Apartments are limited to three and four-bedroom configurations, with a maximum of two residences per floor through the mid-levels and a selection of full-floor and dual-level homes in the upper levels. All apartments are oriented to the north to maximise natural light, cross-ventilation and views across the ocean, city skyline and hinterland.

A two-level amenity offering is positioned high within the building on levels 20 and 21, conceived as a sky wellness retreat. Facilities include a magnesium pool, spa, sauna and steam rooms, alongside more social spaces such as a private dining room, resident lounge, workspaces and outdoor barbecue areas integrated with landscaped greenery.

The uppermost levels are reserved for larger-format residences, including several full-floor homes and a dual-level penthouse with its own private wellness features and recreational spaces.

&nbsp;

To give buyers confidence, 5Point and Bourke commenced construction ahead of the apartments launching to the market, a sure-fire way to prove they mean business, and the building will be delivered. They are targeting a 2028 completion date.

[smartcode_project_cta:default project_id=150454]

Locals, interstate holiday makers, drive early sales at Lumara, Broadbeach's newest luxury apartment tower

Often when it comes to purchasing property, the biggest barrier to entry is the deposit. Buyers of established homes typically aim for a 20 per cent deposit to avoid the added cost of Lenders Mortgage Insurance, while most property transactions require around a 10 per cent deposit when contracts are exchanged.

The off-the-plan market works differently, with buyers typically paying a deposit during construction and settling the balance upon completion. As completion approaches at <a href="https://www.apartments.com.au/new-apartments/fabbrica-fitzroy-369-gore-street-fitzroy-vic-3065">Fabbrica Fitzroy</a>, developer <a href="https://www.apartments.com.au/developers/pace-development-group">Pace</a> is making it easier for buyers to secure a residence through a deposit-matching incentive. Purchasers need only contribute a five per cent deposit*, with Pace matching the remaining five per cent.

The offer comes as Pace unveils a completed display apartment and townhouse, now available for inspection by appointment ahead of the project's Spring completion.

[smartcode_project:default project_id=139552 project_image_fid=371009]

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/winwood-mckenzie-architecture">Winwood Mckenzie</a> and landscaping by <a href="https://www.apartments.com.au/landscape-architect/acre">Acre</a>, Fabbrica draws on Fitzroy’s industrial and manufacturing history, incorporating references to the former Argyle Shirt Factory and Life Savers Confectionery Company that once occupied the site.

The development comprises 85 residences, spanning low-maintenance apartments through to larger-format townhouses with private street access and double lock-up garages, a relatively uncommon offering in Fitzroy’s higher-density apartment market.

Pace says the project has been designed to appeal to buyers seeking inner-city convenience without sacrificing space, flexibility, or amenity.

[smartcode_project:default project_id=139552 project_image_fid=371016]

Inside the residences, Winwood Mckenzie has focused on adaptable layouts and integrated detailing, with features including custom joinery, and concealed storage solutions. The material palette leans into warm, tactile finishes intended to complement the building’s industrial architectural language.

Fabbrica’s rooftop amenity is a key part of the project offering. Spanning around 800 sqm, the communal rooftop includes a private dining room, communal kitchen, lounge spaces, work-from-home zones, and outdoor dining areas overlooking the Melbourne CBD skyline.

[smartcode_project:default project_id=139552 project_image_fid=371017]

Landscape architecture studio Acre has introduced a layered rooftop garden designed to soften the urban setting while creating a more communal environment for residents.

The Fitzroy location also positions residents within walking distance of Brunswick Street, Smith Street, parks, cafés, galleries, and public transport, while remaining only minutes from Melbourne’s CBD. The project has an enviable Walk Score of 96.

[smartcode_project:default project_id=139552 project_image_fid=371025]

Pace, which is also delivering the project as builder, has developed more than 100 projects across Melbourne over the past three decades. The vertically integrated approach has become increasingly common among developers seeking greater control over construction delivery amid broader market pressures affecting the apartment sector.

The strikingly contemporary Gore Street development is now around 70 per cent complete, with purchasers expected to move into their new homes in Spring 2026. A limited number of residences remain available under the current deposit match offer.

*Conditions apply in relation to the deposit match offer.

[smartcode_project_cta:default project_id=139552]

Pace offers five per cent deposit match at Fabbrica Fitzroy ahead of Spring completion

Sydney developer Hyecorp's roots on the Lower North Shore stretch back three generations, and that deep understanding of the market continues to shape where and how it develops today.

From high-rise towers to boutique apartment projects, the family-run developer has built its reputation by focusing on a part of Sydney it knows intimately. Founded by Michael Abolakian in the early 1990s, Hyecorp is now led by his sons Stephen, Troy and Patrick.

Stephen Abolakian, joint managing director alongside Troy, has spent more than two decades in the business, overseeing development, planning, finance, marketing and sales.

Abolakian says the developer's disciplined focus on where it chooses to operate has been, and continues to be, one of Hyecorp's greatest strengths.

“We know the buyer profile exceptionally well,” Abolakian says.

“The demographics between places like Willoughby, Chatswood, St Leonards and Roseville are very similar. There are nuances between suburbs and projects, but culturally and from a buyer perspective, there’s a strong overlap.”

That buyer has historically been overwhelmingly owner-occupier driven.

Unlike many Sydney apartment developers that have traditionally relied heavily on investor demand, Hyecorp’s projects have typically attracted downsizers, upsizers, rightsizers and family owner-occupiers seeking long-term homes rather than short-term investments.

“Historically, investors have been a much smaller portion of our demand profile,” Abolakian says.

“We design for owner-occupiers. We don’t design for yield, we design for comfort, amenity, family living and long-term usability.”

That philosophy extends well beyond apartment layouts.

From landscaping and communal gardens to shared amenities and circulation spaces, Hyecorp’s developments are designed around how people actually live, something Abolakian believes has become increasingly important in Sydney’s apartment market.

“There was probably a period where having an approved project in market was enough,” he says.

“There wasn’t as much competition and if you built it, buyers would come. That’s no longer the case.”

“There’s more supply in the pipeline now, particularly with TOD precincts and low and mid-rise reforms opening up opportunities across Sydney. Buyers have more choice, so if you get the product wrong, they’ll simply go elsewhere.”

[smartcode_project:default project_id=110379 project_image_fid=311393]

The shift has forced developers to become more sophisticated in how they approach apartment design, particularly as owner-occupier expectations continue to rise.

For Hyecorp, that means thinking beyond who the buyer is today and designing for who they may become in five or 10 years' time.

“People buying now often aren’t moving in for several years,” Abolakian says.

“You might have a young couple buying today, but by the time they move in they may have children, older children, or changing lifestyle needs. You’ve got to think about how families evolve.”

That thinking also shapes Hyecorp’s approach to amenity, which positions wellness at the forefront.

[smartcode_project:default project_id=149594 project_image_fid=362634]

While resort-style facilities have become increasingly common marketing tools across Sydney apartment developments, Abolakian says the challenge is ensuring amenities are genuinely usable and appropriate for the scale of the project.

“If amenities are done right, they can materially improve the living experience,” he says, adding however that if you&nbsp;overdo it or get it wrong, you can end up with facilities nobody uses that simply create ongoing strata costs.”

That balance is something Hyecorp is aiming to strike with projects like Roseville Avenue, one of the group's upcoming Lower North Shore developments, which Abolakian describes as bringing a resort-style living experience into a metropolitan setting.

“It’s about creating something that feels special without being excessive,” he says.

“Good gardens, quality apartments, thoughtful amenity. Creating that resort feeling in a metro location.”

<img alt="Hyecorp" data-entity-type="file" data-entity-uuid="13c4c0f3-b1b7-44cf-9344-0b3d1d07797a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-02%20at%2012.14.57%E2%80%AFPM.png?VersionId=9OLWjyj2bYkDV35F78WJnyMSPfc2bJ2z" />

The focus on owner-occupier product comes as Sydney’s apartment market continues to navigate a difficult development environment.&nbsp;For Hyecorp, maintaining an in-house operating model across construction, sales, marketing and development management has become increasingly important in navigating that environment.

“We’ve always believed in keeping a lot of the process in-house,” Abolakian says.

“It creates efficiencies, but it also creates quality control. You can make faster decisions and ensure the end product stays aligned with the original vision.”

Despite the challenges, Abolakian believes demand for quality owner-occupier apartments across Sydney remains strong beneath the surface, particularly across established Lower North Shore suburbs where downsizers continue to seek new housing options close to existing communities.

“There are definitely people waiting,” he says.

“Once some of the broader uncertainty settles, whether that’s the global environment or some of the local economic noise, I think the right projects will perform very strongly.”

Hyecorp currently has three residential developments on the market across Sydney’s Lower North Shore.&nbsp;Audrey, St Leonards, positioned opposite Newlands Park, is nearing completion and preparing to welcome its first residents, with the project now almost sold out.

Hyecorp has also recently launched&nbsp;<a href="https://www.apartments.com.au/new-apartments/celine-chatswood-37-archer-street-chatswood-nsw-2067">Celine Chatswood</a>, an architectural tower, while continuing to deliver&nbsp;<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet Roseville</a>, a more boutique scale of development with just 34 apartments.

Why Hyecorp continues to back Sydney's Lower North Shore apartment market

South East Queensland’s apartment market is entering a new phase defined by rising prices, constrained affordability, and mounting pressure on the construction pipeline, according to RPM Group’s latest SEQ Apartments &amp; Townhomes Market Report.

The May 2026 report highlights a widening divide between what buyers can afford and what developers can viably deliver, with detached house prices continuing to push more buyers toward apartments across Brisbane, the Gold Coast, and the Sunshine Coast.

RPM says Brisbane’s median house price has reached around $1.5 million, accelerating the shift toward higher-density housing as buyers are increasingly priced out of the detached market.

[smartcode_project:default project_id=135094 project_image_fid=356540]

Median unit prices rose across all three major SEQ markets in the March quarter. Brisbane City recorded the strongest annual growth, with median unit prices climbing 21 per cent to $862,000, while the Gold Coast reached the highest overall median at $950,000, up 17 per cent year-on-year. The Sunshine Coast followed at $870,000, representing annual growth of nine per cent.

RPM noted the affordability gap between houses and units remains significant, with detached homes commanding premiums of 67 per cent in Brisbane and 68 per cent on the Gold Coast relative to apartments.

The report suggests this price disparity is increasingly consolidating buyer demand within the apartment market, particularly among downsizers and owner-occupiers.

“Demand is real. Supply is moving. But they’re operating on different timelines and the gap between what’s being built and what buyers can afford is the defining tension in this market right now,” RPM Queensland and NSW Managing Directors Peter Neale and Clinton Trezise said in the report.

[smartcode_project:default project_id=150787 project_image_fid=366230]

While approvals and commencements are strengthening, RPM argues the delivery pipeline remains constrained by construction costs, labour shortages, and extended build timelines.

Apartment approvals across Queensland increased 86 per cent over the year to February 2026, reaching 12,682 approvals, the highest level recorded since 2016. Brisbane overtook the Gold Coast as the state’s most active apartment approval market, with nearly 5,000 apartments approved over the past 12 months.

Unit commencements also strengthened considerably, rising 48 per cent year-on-year to 5,453 commencements in the December 2025 quarter, the highest level since 2018.

However, RPM’s research found apartment delivery timeframes have expanded sharply compared to the previous cycle. Projects are now averaging around 30 months from approval to completion, compared to roughly 20 months a decade ago.

[smartcode_project:default project_id=143932 project_image_fid=367515]

The number of units under construction has climbed to approximately 31,530 dwellings, nearing the previous 2016 peak, though projects are remaining in the pipeline for considerably longer.

Construction costs continue to weigh heavily on feasibility. RPM found the average apartment construction cost in Greater Brisbane reached $630,000 per dwelling in 2025, exceeding both Sydney and Melbourne. Coastal Queensland markets, including the Gold Coast and Sunshine Coast, were even higher at an average of $817,418 per apartment due to the prevalence of larger premium product.

The report also points to increasing pressure from Olympic-related infrastructure spending ahead of Brisbane 2032, with labour competition expected to intensify over the next several years.

[smartcode_project:default project_id=150017 project_image_fid=370960]

ANZ Associate Director of Property Daniel Gradwell said the underlying demand drivers across South East Queensland remain strong, supported by interstate migration, downsizers, and population growth.

“The challenge is bringing enough supply to market to meet that demand, and nothing on the horizon makes that straightforward,” Gradwell said.

RPM’s analysis found the affordability challenge is becoming more pronounced in the new apartment market itself, with only three per cent of surveyed new apartments priced below $1 million.

Instead, the market is increasingly concentrated in higher price brackets, with the most common new apartment price band across SEQ sitting between $1.5 million and $1.75 million. Around half of all new apartment stock surveyed is priced below $2 million.

The report suggests developers are not necessarily avoiding lower price points by choice, but because current construction economics make delivering affordable apartments increasingly difficult at scale.

Rental conditions also remain tight across the region. Median rents for one-bedroom apartments rose 12 per cent in Brisbane over the past year to $580 per week, while Gold Coast one-bedroom rents increased nine per cent to $630.

Despite rising rents, RPM noted bond lodgements have generally trended downward over the past five years, indicating more apartments are being absorbed by owner-occupiers rather than retained as investor-held rental stock.

Looking ahead, RPM expects projects targeting the mid-market owner-occupier segment between $1.25 million and $2 million to remain the most viable part of the market, while premium projects in highly constrained coastal or riverfront locations continue to attract demand.

“Construction costs are rewriting the feasibility rulebook across Greater Brisbane, and with little relief in sight, only projects in the right price band, right location, and with presales secured early will make it through,” the report concludes.

SEQ apartment demand outpacing affordable supply as construction timelines stretch: RPM

Peddle Thorp

<html><body>
Recently Apartments.com.au <a href="/news/the-tannery-and-hopkins-street-launch-footscrays-joseph-road-precinct">broke the news</a> that <a href="/new-apartments/footscray-vic-3011">Footscray's</a> Joseph Road Precinct will begin its transformation into an inner-city residential enclave with the release of Riverina Apartments. Located less than five kilometres from Melbourne's CBD, Riverina Apartments also presents as developer AZX Group's vanguard Australian development, with further projects planned along the Eastern Seaboard.

<a href="http://www.cbresi.com.au/about/peopleDetails.aspx?ProfileID=29">Nic Cuni</a> as Director of CBRE's Residential Projects was on hand to guide Apartments.com.au through the now open display suite, providing an overview of <a href="/buildings/riverina-22-hopkins-street-footscray">Riverina Apartments</a> which has seen the project's first stage already garner strong sales.

<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_2627.jpg" rel="gallery-all" title="Riverina's display suite model up close"><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_2627.jpg?itok=DX0kXXW_" title="Riverina's display suite model up close" width="580"></a>

<figcaption>Riverina's display suite model up close</figcaption></figure>Within close proximity to the <a href="/new-apartments/maribyrnong-vic-3032">Maribyrnong</a> River, Nic Cuni explains that the <a href="/architects/peddle-thorp-architects">Peddle Thorp-designed</a> complex will be split into stages. Initially available for purchase are apartments within the podium and buildings D, C and E; all of which which front Hopkins Street.

Subsequent stages will see the dual 31 level residential towers delivered, creating a heightened level of living to Footscray with unfettered views to all directions. Overall Riverina Apartments will provide in excess of 950 new dwellings while also delivering Melbourne's inner West with a highly visible marker.

To date Riverina Apartments' strong early sales has seen a considerable number accounted for over the available buildings, with a mix of domestic and overseas buyers securing apartments at competitive prices. One, two and three bedroom apartments are available with an entry point of $255,000, while four bedroom penthouses crowning each tower as seen above are also available.

<blockquote>
CBRE have just released Riviera to our Victorian database, only to receive the biggest response ever fielded. So much so we expect to sell out of stage one soon after our grand opening during July.

The market has understood the value proposition that Riverina offers, with Melbourne's affordability issues in part addressed by releasing apartments from $255,000.
<cite>Nic Cuni</cite>
</blockquote>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image239.jpg" rel="gallery-all" title="Representative kitchen and bedroom finishes"><img alt="" class="image-article-full-width-580px" height="256" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image239.jpg?itok=8SPhYOwO" title="Representative kitchen and bedroom finishes" width="580"></a>

<figcaption>Representative kitchen and bedroom finishes</figcaption></figure>The display suite demonstrates the bright, open apartment format created by Peddle Thorp. Kitchens and bathrooms are simple, modern and convenient with an emphasis on functionality while bedrooms feature neutral tones.

Floor-to-ceiling windows and expansive living areas point toward the desire of the development team to create apartments that capture the maximum amount of light possible.

<blockquote>
We have addressed quality by using well known appliances and showcasing interiors designed by Peddle Thorp. Buyers get a unique opportunity to buy an exceptional apartment within five kilometres to the CBD from $255,000.

It's an opportunity to enjoy a high yielding investment that has huge growth potential and Riverina's mix of apartments will appeal to first home buyers, downsizers and the local area investor!
<cite>Nic Cuni</cite>
</blockquote>

A feature of Riverina Apartments will be an expansive internal courtyard which opens to Warde Street. Surrounded by hanging greenery, the courtyard and garden area headline project amenities which include rooftop entertainment and barbecue areas, rooftop swimming pool, sauna and spa, private dining/entertaining rooms and a gymnasium.

An activated ground level will see a slew of retail and entertainment options with the project maintaining frontage to four separate streets. Specialty and large-scale retailers will constitute the mix with a supermarket expected to underpin retail activities which stretch across the 9,500sqm site.

<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/image237.jpg" rel="gallery-all" title="Riverina's penthouses with their distinctive exterior. Image courtesy CBRE"><img alt="" class="image-article-full-width-580px" height="330" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image237.jpg?itok=UtzAGhvH" title="Riverina's penthouses with their distinctive exterior. Image courtesy CBRE" width="580"></a>

<figcaption>Riverina's penthouses with their distinctive exterior. Image courtesy CBRE</figcaption></figure>
</body></html>

silvermb

Footscray's Riverina Apartments powers ahead

<html><body>
A design can now be put to the news reported upon during late 2014 concerning Brady Group's latest intended Melbourne project. 280 Queen Street has been in and out of planning for the best part of four years, but with the news that Brady Group is the <a href="http://www.smh.com.au/business/brady-group-push-to-develop-80level-queen-street-tower-20141111-11k5jn">intended developer</a> of the mid-CBD site, the chances of the current scheme progressing beyond approval have increased dramatically.

Weighing in at over 250 metres in height and located in an elevated part of the CBD, 280 Queen Street may become one of the more prominent buildings to grace Melbourne's skyline in years to come. Or even sooner as according to the article linked above Brady Group intent to proceed with the project in a relatively short time-frame.

<h2>Application summary</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image18_1.jpg" rel="gallery-all" title="280 Queen Street. Image © Peddle Thorp"><img alt="" class="image-article-full-width-580px" height="314" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image18_1.jpg?itok=ouwGMcCJ" title="280 Queen Street. Image © Peddle Thorp" width="580"></a>

<figcaption>280 Queen Street. Image © Peddle Thorp</figcaption></figure><ul>
<li>Planning application submitted October 2014</li>
	<li>Current 1,290sqm site currently used as four and five storey office building</li>
	<li>Proposed 80 level mixed-use tower at 254.62 metres</li>
	<li>589 apartments - 242*1BR / 287 * 2BR / 36*3BR</li>
	<li>Included are 23 Penthouses and one custom design penthouse</li>
	<li>1,400.2sqm office space through podium</li>
	<li>322.4sqm retail space</li>
	<li>504sqm residential communal facilities</li>
	<li>130 basement car parking spaces</li>
</ul>
<h2>Apartments and penthouses</h2>

Dwellings within the project begin within the podium, fronting both Little Lonsdale to the north and Queen Street to the west. Beyond the podium a generic floor plan covers levels 9-35 and 37-63 where 9 apartments per floor is the norm, split between one and two bedroom options.

Sitting atop the penthouse floors is a split level custom designed penthouse located over levels 76/77. The lower floor contains 290.2sqm of internal space while the upper floor contains 265.6sqm, allowing a sizeable dwelling with unimpeded views given there are no towers of equal height either existing or planned nearby.

<h2>Finlay Lane retained</h2>

<blockquote>
There is an existing easement along the east boundary that joins with Finlay Lane, an ‘L’ shaped service lane, which connects to Queen Street. The existing easement and Finlay Lane provide rear access to the adjoining buildings. The lane is covered in registered street art. The proposed development seeks to maintain a predominately hard edge to this boundary with openings for vehicle access and loading. This will provide opportunities for future street art along the majority of these walls, maintaining the existing character of this lane.
<cite>Urbis - Town Planning Report</cite>
</blockquote>

<h2>Previous incarnations</h2>

Peddle Thorp have been active on the site in question for some years, initially devising a scheme for an office tower in excess of 200 metres, carrying a dappled facade. That particular scheme was superseded by another Peddle Thorp design which gained approval during 2013.

Championed by developers with little experience, the site lent itself to being onsold post approval resulting in the third and current version up for approval.

<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/image17_0.jpg" rel="gallery-all" title="Early versions of 280 Queen Street. Image © Peddle Thorp"><img alt="" class="image-article-full-width-580px" height="286" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image17_0.jpg?itok=R-VtlLYJ" title="Early versions of 280 Queen Street. Image © Peddle Thorp" width="580"></a>

<figcaption>Early versions of 280 Queen Street. Image © Peddle Thorp</figcaption></figure>Also worthy of mention is that the current proposal for 280 Queen Street includes inactive precast panels to its eastern facade, reaching mid way up the tower. This is likely in response to the adjoining property at <a href="/buildings/399-little-lonsdale-street-melbourne">399 Little Lonsdale Street</a> which is also subject to a current 200 metre planning application.

399 Little Lonsdale Street's western-facing facade is also heavy with precast elements, albeit slightly activated with the sparse use of windows. Both proposals almost butt one another; the use of precast panels may go some way to mitigating concerns planning authorities may have about proximity.

<h2>Comment</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image14_0.jpg" rel="gallery-all" title="Artist's impressions of the proposed development. Image © Peddle Thorp"><img alt="" class="image-article-full-width-580px" height="440" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image14_0.jpg?itok=v7xEGKVR" title="Artist's impressions of the proposed development. Image © Peddle Thorp" width="580"></a>

<figcaption>Artist's impressions of the proposed development. Image © Peddle Thorp</figcaption></figure>The tower element of the design receives two thumbs up. With a bowed northern aspect and slanted roof profile, it adds more to the skyline than merely another rectangular box. Viewed from east and west, the asymmetrical apex is a worthwhile design feature.

Conversely the podium as presented in the renders looks less than ideal. In a case of 'misconstrued' rendering what looks to be a large blank orange volume is actually timber screening over activated levels while the yellow protrusion above the main entry is gold metal cladding. Fair to say it's quite hard to conceptualise the qualities of the podium based on the render above.

On the face of it the podium doesn't slot seamlessly into its surrounds.

Regardless Peddle Thorp have made the immediate area their own with 280 Queen Street joining the completed Melbourne Star and Melbourne Sky apartment towers (both Brady Group projects), in addition to <a href="/developments/melbourne-vic-3000">278 Little Lonsdale</a> which is at planning. Add the under construction Vision and the Brady Group-Peddle Thorp alliance is defined by a handful of deep blue towers dominating the area.

<h2>Development team</h2>

<ul>
<li>Developer: 280 Queen Pty Ltd / Brady Group</li>
	<li>Urban context report: Peddle Thorp Architects</li>
	<li>Architectural plans: Peddle Thorp Architects</li>
	<li>Town planning: Urbis</li>
	<li>Traffic and Transport Assessment: Cardno</li>
	<li>ESD report: Sustainable Built Environments</li>
	<li>Wind Assessment: MEL Consultants</li>
	<li>Waste Management:y Leigh Design</li>
</ul>
</body></html>

Planning Application: 280 Queen Street, Melbourne

<html><body>
Today we look at a planning application for a 59-storey residential tower on the site of Phillip Shirts at 274-276 Little Lonsdale Street. The Peddle Thorp-designed tower would join two other recent projects for Brady Corp in Melbourne Sky and Melbourne Star as it shares a boundary and obscures the latter's eastern wall.

<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/phillips_shirt.jpg" rel="gallery-all" title="Current Philips Shirts building on site. © Peddle Thorp"><img alt="" class="image-article-full-width-580px" height="435" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/phillips_shirt.jpg?itok=R0sDPTEz" title="Current Philips Shirts building on site. © Peddle Thorp" width="580"></a>

<figcaption>Current Phillips Shirts building on site. © Peddle Thorp</figcaption></figure>Approval is sought to demolish the majority of an existing three storey brick building to accommodate the apartment tower. The existing façade will be retained along the Little Lonsdale Street frontage and will continue along Zevenboom Lane for approximately 17.4 metres. A good outcome considering it has been identified as having little heritage significance.

<blockquote>
Whilst it is noted this façade has not been heritage listed, it is considered that this existing façade contributes positively to the streetscape (including in terms of scale and rhythm of window openings) and is worthy of retention to enhance the streetscape address of the site. Furthermore, its adaption will form an appealing feature of the proposed development scheme at the site.
<cite>Urbis Planning Report</cite>
</blockquote>

A wrap of two ground level retail tenancies addresses the Little Lonsdale Street and Zevenboom Lane corner. The main entry lobby, loading facilities and other ancillary services complete the ground floor with bicycle parking and car parking reserved for the four basement levels.

<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/retained_phillips_shirts_0.jpg" rel="gallery-all" title="Retained facade to Little Lonsdale Street and Zevenboom Lane © Peddle Thorp"><img alt="" class="image-article-full-width-580px" height="373" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/retained_phillips_shirts_0.jpg?itok=Esr0nLL2" title="Retained facade to Little Lonsdale Street and Zevenboom Lane © Peddle Thorp" width="580"></a>

<figcaption>Retained facade to Little Lonsdale Street and Zevenboom Lane © Peddle Thorp</figcaption></figure><h2>Urban Context</h2>

The proposal lies in a quarter of the city currently undergoing a significant transformation with projects such as <a href="/buildings/eporo-tower-279-la-trobe-street-melbourne">Eporo Tower</a>, <a href="/buildings/the-carlson-321-la-trobe-street-melbourne">Carlson Tower</a> and <a href="/buildings/la-trobe-tower-323-la-trobe-street-melbourne">Latrobe Tower</a> to the immediate north and <a href="/buildings/380-melbourne-380-lonsdale-street-melbourne">380 Lonsdale Street</a> to the south. 278 Little Lonsdale would be one of the taller buildings in the area as illustrated by the diagram 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/exist_building_heights.jpg" rel="gallery-all" title="Existing building heights diagram. © Peddle Thorp"><img alt="" class="image-article-full-width-580px" height="396" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/exist_building_heights.jpg?itok=ogd3Lrxg" title="Existing building heights diagram. © Peddle Thorp" width="580"></a>

<figcaption>Existing building heights diagram. © Peddle Thorp</figcaption></figure>This wouldn't be of concern unless you factor in the site footprint relative to some of the other towers of similar height. At 735sqm the site is significantly smaller than the foortprints of Melbourne Central and the future development at 380 Lonsdale Street. These towers also have frontages along major CBD streets whereas the development is within a largely small scale 'neighbourhood' defined by red brick low-rise buildings bisected by a network of laneways.

<h2>The Tower</h2>

The main tower element rising behind the retained facade shares an aesthetic quality with its older yet shorter siblings to the west. Sheer glazed curtain walls are interrupted by the revealing of balconies behind.

Similarly to Australia 108 the facade features a stripped gradation from top to bottom with the stripes becoming incrementally more contracted towards the tower's pinnicale. This volume above a 'podium' with a furrier treatment involves a bronze coloured veil similar to original designs for another Peddle Thorp design, Vision tower at 500 Elizabeth Street. This splash of colour continues to the western boundary of the tower in the form of solid spandrels which rise up the remainder of the tower.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/tower_form.jpg" rel="gallery-all" title="278 Lt Lonsdale Street in situ. © Peddle Thorp"><img alt="" class="image-article-full-width-580px" height="239" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/tower_form.jpg?itok=SxVR2GhS" title="278 Lt Lonsdale Street in situ. © Peddle Thorp" width="580"></a>

<figcaption>278 Lt Lonsdale Street in situ. © Peddle Thorp</figcaption></figure><h2>Project Summary</h2>

<ul>
<li>Building height: 59-storeys, 186m to top of plant</li>
	<li>Retention of Phillips Shirts' facade</li>
	<li>314 apartments in total</li>
	<li>127 x 1 Bed, 144 x 2 Bed, 43 x 3 Bed</li>
	<li>42 car spaces serviced via car stacker system to basement levels 2-4</li>
	<li>94 Bicycle spaces to basement level 1</li>
	<li>158sqm of ground floor retail</li>
</ul>
<h2>Comment</h2>

The proposed development continues the recent trend of large scale high-rises encroaching on the relatively low scale streetscapes which define Melbourne's 'Little' streets and laneways. I've always been a proponent for skyscrapers in the CBD, I won't shy away from that fact, however I don't consider developments of this scale to be appropriate responses to the character and grain of these areas.

The footprints of these sites is generally much smaller than the larger sites on the primary CBD streets. This results in narrow skyscrapers with two shared boundaries that if built to the extremity as usually tends to occur, creates a 'wall' effect that is amplified on much smaller streets from a pedestrian perspective.

I don't consider this to be a desirable outcome and would invite anyone to tell me otherwise or convince me that these are the type of streets we wish to create moving forward. The benchmark for development in these smaller scale streets should be the more modest additions found on McKillop Street or Hardware Lane - unobtrusive yet worth tilting your head up to appreciate. Leave the big towers to the major streets and their intersections.

<h2>Project Team</h2>

<ul>
<li>Developer: 278 Little Lonsdale Pty Ltd</li>
	<li>Architecture: Peddle Thorp</li>
	<li>Planning: Urbis</li>
	<li>ESD: SBE</li>
	<li>Traffic: Cardno</li>
	<li>Waste: Wastech</li>
</ul>
</body></html>

Laurence Dragomir

Planning Application: 278 Little Lonsdale Street, Melbourne

<html><body>
Urban.com.au has in the past <a href="/news/the-quandry-that-is-hopkins-street-precinct">lamented the state of flux</a> that had settled upon Footscray's Joseph Road Precinct; 15 hectares of private landholdings and public areas set for intense urban regeneration. With no obvious intent from local developers to kick start proceedings and a distinct lack of infrastructure investment in the area, progress was non-existent.

During 2014 a rash of site sales within the precinct coincided with the influx of tigerish Asian-based developers en masse, ready and willing to push paper developments toward reality. In addition to <a href="/buildings/boat-house-2-joseph-road-footscray">2 Hopkins Street</a> and <a href="/buildings/victoria-square-8-hopkins-street-footscray">8 Hopkins Street</a> which were offered for sale, Austpac elected to offload the largest approved Joseph Road Precinct development, <a href="/buildings/riverina-22-hopkins-street-footscray">18-24 Hopkins Street</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/img_5051.jpg" rel="gallery-all" title="20 Moreland Street Footscray with display suite at the ready"><img alt="" class="image-article-full-width-580px" height="308" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/img_5051.jpg?itok=_zHc7CXK" title="20 Moreland Street Footscray with display suite at the ready" width="580"></a>

<figcaption>20 Moreland Street Footscray with display suite at the ready</figcaption></figure>The sprawling 1000-apartment, five tower project was reported as not having found a buyer during late 2014, yet that seems to have changed with an Asian-backed developer recently completing works on a sales display suite located within the only existing building onsite.

Behind 20 Moreland Street's dated facade lies a fully equipped, open plan display suite decked out with a predominantly white motif. Although it sits completed, protective covers are present suggesting that it may not be activated for some time yet.

<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/image73_0.jpg" rel="gallery-all" title="Onsite bathroom display and artist's render of the endorsed project. Render courtesy Peddle Thorp"><img alt="" class="image-article-full-width-580px" height="280" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image73_0.jpg?itok=t2BsJMmf" title="Onsite bathroom display and artist's render of the endorsed project. Render courtesy Peddle Thorp" width="580"></a>

<figcaption>Onsite bathroom display and artist's render of the endorsed project. Render courtesy Peddle Thorp</figcaption></figure>Seen above is part of the endorsed design which was initially submitted during 2012. Tract Consultants acted on behalf of Austpac at the time with Peddle Thorp responsible for the overall design. Further amendments were sought and permitted during 2013 with a new planning application for the site received during June 2014.

Curiously enough the 2014 application still remains active with no decision listed on the State Government DTPLI/DPCD website, even though the display suite is ready. It looks likely that a final altered design/layout for 18-24 Hopkins Street will be revealed once marketing commences, whenever that may be.

<h2>Further precinct rumblings</h2>

Elsewhere in the Joseph Road Precinct demolition work continues on the former Le Mans Toyota site. Covering 13,179sqm and designated <a href="/buildings/victoria-square-8-hopkins-street-footscray">8 Hopkins Street</a>, the site was offered for sale with a scheme holding 795 apartments, and was subsequently sold to to a holding company controlled by Chinese-born Guohua Liang <a href="http://www.smh.com.au/business/chinese-developers-snap-up-footscray-sites-20140923-10kvr8">according to Business Day</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/image70.jpg" rel="gallery-all" title="8 Hopkins Street and 4 Neilson Place's sales board"><img alt="" class="image-article-full-width-580px" height="296" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image70.jpg?itok=s9QNkASy" title="8 Hopkins Street and 4 Neilson Place's sales board" width="580"></a>

<figcaption>8 Hopkins Street and 4 Neilson Place's sales board</figcaption></figure>While demolition is a sign that 8 Hopkins Street may be progressing, the nearby <a href="/new-apartments/footscray-vic-3011">4 Neilson Place</a> is currently for sale. Agent Ikon Property states on their webpage that the site, with permit in place, is available for $5,000,000 (exclusive of GST) or less than $37,000 per unit cost. With a flutter of activity is seems that the Joseph Road Precinct is finally due to make an impression.
</body></html>

A display in Joseph Road Precinct you say?

<html><body>
Seems quite the paradox! A lead image showing a shiny new mixed-use development cut with the title suggesting UNESCO World Heritage listing for the existing Queen Victoria Market. Change is inevitable it seems for the Vic as City of Melbourne yesterday went into overdrive, banging the drums and heralding a second phase of community consultation for the icon's redevelopment.

All the juicy questions and intended answers regarding City of Melbourne's Queen Victoria Market Phase 2 can be <a href="http://participate.melbourne.vic.gov.au/queenvictoriamarket/faqs" target="_blank">found here</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/Image2vmarket.jpg" rel="gallery-all" title="Image © City of Melbourne"><img alt="" class="image-article-full-width-580px" height="695" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/Image2vmarket.jpg?itok=vAeeH4AN" title="Image © City of Melbourne" width="580"></a>

<figcaption>Image © City of Melbourne</figcaption></figure>In brief, the development seeks the following:

<ul>
<li>Remove cars from public spaces to make room for more retail, hospitality and events. A new below ground area could accommodate the market’s customer car park, along with new storage and operational facilities, making it more convenient for shoppers and traders.</li>
	<li>Retain and enhance the authentic market character and experience and explore opportunities for new retail, hospitality, events and activities.</li>
	<li>Create a major new public open space for the market and the city’s north.</li>
	<li>Connect Franklin Street to Dudley Street to improve traffic connections around the market, reducing congestion and making it easier for people to move around. Connecting Franklin and Dudley streets will link the market with the central city and surrounding neighbourhood.</li>
	<li>Create land suitable for mixed-use development, with funds raised through the development of land to the market’s south directed to the market renewal project</li>
</ul>
Here's another question: will the below ground car park entry be within the vicinity of Victoria and Peel? Traffic backs up quite considerably during peak times around the market, surely the new car park facility won't transplant a bank of waiting cars from a barely manageable entry at Franklin Street further north to the intersection of Peel and Victoria. Then again maybe that's nothing new!

<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/VicMarket3.jpg" rel="gallery-all" title="Victoria Street in peak hour. Image © Peter Maltezos"><img alt="" class="image-article-full-width-580px" height="413" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/VicMarket3.jpg?itok=NB-ZRSpO" title="Victoria Street in peak hour. Image © Peter Maltezos" width="580"></a>

<figcaption>Victoria Street in peak hour. Image © Peter Maltezos</figcaption></figure>Once said and done, "The City of Melbourne will seek UNESCO World Heritage Listing for Queen Victoria Market at the conclusion of the renewal process, so any plans for this are at a very early stage," and would likely centre around a cultural listing.

As for the expected large-scale, mixed-use development fronting a remodelled Franklin Street and its unnamed counterpart, Peddle Thorp have devised a concept design for the island site and describe it as follows:

<blockquote>
Victoria Market is a commercial and 700+ apartment development spread over two towers, with an active street level of retail, cafe and amenities, complementing the Queen Victoria Market across the road. Ground level also houses art incubators which together with the retail opportunities presents residents with a vibrant place to live in.

The lower levels of each tower are designed to cater for boutique commercial opportunities whilst the floors above will house residential apartments with terrace spaces that allow for open visual connections with the tapestry of market life below.
</blockquote>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/vicmart_render_01__thumb4.jpg" rel="gallery-all" title="Image © Peddle Thorp"><img alt="" class="image-article-full-width-580px" height="708" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/vicmart_render_01__thumb4.jpg?itok=d-l3TlAv" title="Image © Peddle Thorp" width="580"></a>

<figcaption>Image © Peddle Thorp</figcaption></figure>Art incubators, retail spaces to service the area's exploding population, a new public space/park and enhanced amenity - surely these are noble aspirations? Clearly not in everyone's eyes; for some light relief peruse the comments section of The Age's <a href="http://www.theage.com.au/victoria/vic-market-plan-has-large-plaza-and-land-sales-to-developers-20140421-370ht" target="_blank">related piece</a> yesterday... and no you can't UNESCO World Heritage list an open air car park.
</body></html>

UNESCO World Heritage listing for the Vic?

<html><body>
It seemed implausible at the time and that has proven to be the case. Last year Apartments.com.au covered <a href="/news/272-queen-street-in-depth" target="_blank">in detail</a> the near pencil-thin office tower proposed at 272 Queen Street which ultimately gained approval, yet had not advanced beyond that point.

Implausible in that an office tower of 205 metres in height carried a typical floor plate of only 832 sqm. The commercial trend of recent years has drifted toward larger, more economically favourable open-plan floor plates with ANZ Docklands, 720 Bourke Street and 121 Exhibition Street prime examples. In this light it was speculated that 272 Queen Street would go back to project architect <a href="http://www.pta.com.au/" target="_blank">Peddle Thorp</a> for reworking.

<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/Image27272.jpg" rel="gallery-all" title="272 Queen Street design progression. Images © Peddle Thorp"><img alt="" class="image-article-full-width-580px" height="419" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/Image27272.jpg?itok=rZ-1mH2Z" title="272 Queen Street design progression. Images © Peddle Thorp" width="580"></a>

That has proven to be the case with the third and most recent site design (above right) now holding approval. The mixed-use site and permit which incidentally has been listed by <a href="http://www.realcommercial.com.au/property-land+development-vic-melbourne-500975255" target="_blank">Paragon Real Estate</a> as for sale via an EOI campaign closing May 9th 2014, would now see a mixed-use development of 210 metres grace the 1288 square metre site. Somewhat odd given <a href="http://www.afr.com/p/business/property/chinese_developer_wins_huge_permit_qxFyYvPida8d1eNmcl6OdL" target="_blank">AFR</a> reported in December 2013 the site was purchased by a mainland Chinese developer for $23.9 million.

Nonetheless where previously 35,561 sqm of office space was available, that number has dropped to 10,000 sqm contained within the lower levels. Consequently 624 apartments have been added with total levels numbering 62, an increase of 12. Assuming there are 50 levels of residential use and floor plates remain at 832 sqm, average apartment size for the complex would equate to over 60sqm, likely indicating a healthy proportion of two bedroom dwellings.

Externally the tower maintains its feature faceted facade addressing Queen Street and Little Lonsdale Street. Gone is the blue facade and mid tower plant level, in their place a glazed, black curtain wall with recessed balconies running the height of the tower component.

<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/image2%20%281%29.jpg" rel="gallery-all" title="399 Little Lonsdale approved scheme. Image © Peddle Thorp"><img alt="" class="image-article-full-width-580px" height="435" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/image2%20%281%29.jpg?itok=L9MhBLQm" title="399 Little Lonsdale approved scheme. Image © Peddle Thorp" width="580"></a>

272 Queen Street is not alone with the adjoining easterly property at 399 Little Lonsdale Street (above) also currently on the market with <a href="http://cbre.realcommercial.com.au/property-land+development-vic-melbourne-500871539" target="_blank">CBRE</a>. Another Peddle Thorp design, the prospective tower of 39 levels would carry 219 apartments, although there is scope to increase both density and height.

It'll be interesting to see who purchases either site, particularly in the case of 272 Queen Street given its perceived level of stature in the eyes of potential overseas buyers. Early days yet but together these projects have the potential to deliver well over 1000 permanent residences to a generally placid part of Melbourne's CBD.
</body></html>

Revised 272 Queen Street for sale

<html><body>
Most readers would be aware of the AXF Group project titled Sovereign Square which has garnered considerable media attention of late owing to the fact it will become suburban Melbourne's tallest building. Whilst Sovereign Square has moved to public registrations of interest via its <a href="http://www.sovereignsquare.com.au/" target="_blank">website</a>, a raft of other projects in Box Hill are set to rapidly transform the scale and feel of the area.

<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/External%20Image_0.jpg" rel="gallery-all" title="Sovereign Square. Image © Buchan Group"><img alt="" class="image-article-full-width-580px" height="1030" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/External%20Image_0.jpg?itok=PWdsKFr_" title="Sovereign Square. Image © Buchan Group" width="580"></a>

Looking through the Apartments.com.au database Sovereign Square is one of nine projects in Box Hill and Box Hill North that are at various stages of the development cycle. Together these projects will deliver near 1000 new dwellings to the area.

With established education, health, transport and retail options plus a diversified population base Box Hill also lends itself to a myriad of mixed-use developments. Leading the charge is the currently under construction 20 level, near 80 metre office complex at 913 Whitehorse Road. Built by Grocon for Cromwell Property Group, the 19,680 square metre facility is 97% leased to the Australian Taxation Office and marks a break-out tower for Box Hill both in terms of height anf bulk.

On the hotel scene, 1 Elland Avenue (below left) is currently for sale with a pre-lease for the development's 49 serviced apartments held by City Edge Apartment Hotels, adding further diversity to the City of Whitehorse's primary hub.

<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/Image6_14.jpg" rel="gallery-all" title="1 Ellard Avenue &amp; 913 Whitehorse Road"><img alt="" class="image-article-full-width-580px" height="411" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/Image6_14.jpg?itok=vx-F4vSc" title="1 Ellard Avenue &amp; 913 Whitehorse Road" width="580"></a>

The latest proposal for Box Hill comes in the form of a dual tower development designed by Peddle Thorp Architects. At 26 levels the complex may well raise eyebrows in the area due to size and height, yet the approval of Sovereign Square has set a precedent to a degree.

Peddle Thorp's take on the project:

<blockquote>
The Box Hill Mixed Use Development will consist of 330 apartments over 26 levels. The residential tower amenities are enhanced by the new 'retail street' at ground level. At podium level the 'sky garden' gives access to a range of cafes, bars and restaurants that spill onto a sun filled green space. The second skin to the residential tower allows the occupants to control the light and privacy in their homes, whilst creating a facade which is 'alive' and forever changing.
</blockquote>

<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_1.jpg" rel="gallery-all" style="font-size: 12px;" title="Image © Peddle Thorp"><img alt="" class="image-article-full-width-580px" height="718" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/Image18_1.jpg?itok=LsIedXDk" title="Image © Peddle Thorp" width="580"></a>

So what will the Box Hill of the future resemble? South Yarra immediately comes to mind, particularly in terms of developing a mini-skyline with similar proportional characteristics - a throng of medium sized towers of 7-12 levels perforated by a handful of high-rise buildings nearing or beyond the 100 metre mark.

The major advantages that Box Hill holds over suburban centres such as South Yarra, Doncaster Hill or Preston is its well established and centralised institutional and commercial sectors which act as strong employment generators for the area, allowing in part apartment developments to flourish. All the ingredients are there for Box Hill to expand immensely, the question posed is how big could Box Hill of the future become?
</body></html>

Peddle Thorp

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Peddle Thorp

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News