ASX-listed developer Cedar Woods is progressing its plans for its Southbank arts precinct site.&nbsp;

The developer has filed plans, which are now with the&nbsp;Department of Transport and Planning, for a new 20-level tower at&nbsp;<a href="https://www.apartments.com.au/new-apartments/141-151-sturt-street-southbank-vic-3006">141–151 Sturt Street</a>, a 2,718 sqm block opposite the Habitat Filter sculpture.

The proposal seeks to demolish the two-level&nbsp;commercial building, including a small supermarket and medical tenancies, and create a new building with 180 apartments and a focus on an&nbsp;active public realm and arts integration.

&nbsp;

<img alt="Southbank site" data-entity-type="file" data-entity-uuid="76a72db6-91ef-43ae-827d-a9cfa72893d2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Site.png?VersionId=DZgtB4K6BswVh0QtCs3iLjXaLp0CbcEb" />

&nbsp;

There will be a full mix of apartment configurations, including 28 studio apartments, 16 one-bedroom, 104 two-bedroom, and 32 three-bedroom units.

Retail, creative arts, and residential amenity functions are integrated across the lower levels. A food and drink tenancy is planned to front Dodds Street, while a retail tenancy fronting Sturt Street will be accessed via an elevated walkway. The first floor includes a substantial 734 sqm creative arts space, envisioned to support Melbourne’s growing cultural and digital industries.

Architecture firm <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has put together the plans. In their&nbsp;Urban Design Report they highlighted the project’s ambition to embed itself within Southbank’s evolving cultural fabric.

A central feature of the design is a through-block link connecting Sturt and Dodds Streets, landscaped with native plantings and embedded with universal access ramps.

“The ramp has been thoughtfully integrated as the primary access point, ensuring universal accessibility for all users,” the report noted, with the link offering “a direct response to the urban planning scheme of creating more green spaces within our communities”.

<img alt="Southbank podium" data-entity-type="file" data-entity-uuid="4d24b1b2-d69c-4a11-a11d-ec6df432221c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium.png?VersionId=geWoJyZDmPSLODZ_.PNJ0LvpOmyyCdpo" />

The building’s podium form responds to the mandatory height limits along Dodds Street and maintains a fine-grain interface to adjoining developments. Above the podium, the tower is articulated with recessed balconies and a focus on views toward the CBD and surrounding arts institutions. A communal rooftop recreation deck and indoor lounge are positioned on level four, adjoining seven apartments and providing over 900 sqm of resident amenity space.

Vehicle access and loading will be provided via Dodds Street, with 155 resident car spaces located across two basement levels and the first three above-ground floors. Bicycle storage is more generous, with 226 spaces distributed across resident, staff and visitor needs.

Rothelowman describes the architecture as “humanist,” with ground-level interfaces designed to encourage social interaction and provide a dignified entry for both residents and passers-by. “All street interfaces are crafted to invite and nurture human connections,” the design report states. “The façade transitions to a human scale, providing an approachable and engaging streetscape”.

Cedar Woods, while well-known for its large communities it develops outside of Australia's capital cities, they have recently developed in Melbourne's inner-ring before. They are approaching completion at <a href="https://www.apartments.com.au/new-townhouses/88-leveson-north-melbourne-88-leveson-street-north-melbourne-vic-3051">88 Leveson</a>, just 15 townhouses in the heart of North Melbourne.

Joel Robinson

Cedar Woods progresses with new apartment plans in Southbank arts precinct

Brisbane developers Core Property Partners and Vector Property Australia has teamed up for Brisbane's newest apartment development.

The duo identified <a href="https://www.apartments.com.au/developments/east-brisbane-qld-4169">East Brisbane</a> as their preferred suburb, on the fringe of the Gabba Precinct, where they've just revealed BANKSII, 72 apartments opposite Raymond Park.

[smartcode_project:default project_id=136432 project_image_fid=5481]

The one-, two-, and three-bedroom apartments will sit in a glass-wrapped building that will also feature a rooftop with an&nbsp;infinity-edge pool, a BBQ area and alfresco dining spaces, sun lounges, and a sauna, as well as a resident-only gym and a ground-floor cafe.

Rhett Williams, Director of Vector Property Australia, said the project will lift the quality of the East Brisbane community and set a new benchmark.

"In Brisbane’s current property landscape, <a href="https://www.apartments.com.au/new-apartments/banksii-east-brisbane-169-wellington-road-east-brisbane-qld-4169">BANKSII</a> stands out through its emphasis on lifestyle-oriented living, connectivity and sophisticated design," Williams says.

[smartcode_project:default project_id=136432 project_image_fid=5479]

The 10-level building has been designed by MAS Architecture. Their designs were inspired by the native Banksia flower, with the architecture and interiors reflecting the organic symmetry of its namesake flora. MAS has interpreted this throughout the building’s curved form, façade detailing and interior palette.&nbsp;

The building’s flowing geometry and natural tones are complemented by large balconies and floor-to-ceiling glazing, maximising cross-breezes, daylight and views over the city, parklands and river.

“Having a strong narrative for a building helps us architecturally,” MAS noted. "We can choose colours that come off that species of flowers. The trunk and the trees and the flower elements all are now visible in our joinery on the inside and in our architectural finishes on the outside."

[smartcode_project:default project_id=136432 project_image_fid=5485]

Apartments will feature timber floors, soft porcelain tiles, brushed bronze fittings, and stone benchtops with warm veining.&nbsp;

Kitchens feature premium SMEG appliances and generous storage, while bathrooms have been designed as calming retreats with curved cabinetry and twin sinks in the master ensuites.

The building will feature a suite of rooftop and wellness amenities. Residents will have access to an infinity-edge pool, BBQ and alfresco dining areas, sun lounges and a rooftop sauna.&nbsp;

A residents-only gym will be located on the podium level, while a ground-floor café and landscaped laneway will further activate the site and improve neighbourhood connectivity.

[smartcode_project:default project_id=136432 project_image_fid=5488]

BANKSII will rise from a prime Wellington Road site, with the building oriented to overlook the adjacent Raymond Park and take in extensive city views. It is also on the doorstep of key&nbsp;lifestyle infrastructure, including the future Kangaroo Point Green Bridge, The Gabba stadium, and the planned Brisbane Live arena.&nbsp;

Public transport options, including ferry, bus and rail - including the future Cross River Rail Woolloongabba station - are all nearby, supporting a car-optional lifestyle just minutes from the CBD.

Williams said the team spent over a year searching for the ideal site before securing this location.

"We were attracted to <a href="https://www.apartments.com.au/developments/east-brisbane-qld-4169">East Brisbane</a> as it is a vibrant and growing community that offers a perfect balance of urban convenience and natural beauty with the parklands and river on our doorstep.”

The project is part of the broader Woolloongabba Games precinct, which is undergoing significant investment in the lead-up to the 2032 Brisbane Olympics. This urban renewal, coupled with infrastructure upgrades, is expected to enhance long-term liveability and capital growth in the area.

Given the wide max of configurations, BANKSII is expected to suit everyone from first home buyers and investors to families and downsizers.

[smartcode_project_cta:default project_id=136432]

BANKSII sales launch in booming East Brisbane apartment market

The Minns Labor Government will deliver Sydney’s first new heavy rail station in more than a decade – enabling up to 10,000 new homes by rezoning land around Woollahra and Edgecliff stations, right next to the CBD, to tackle the housing crisis and rebalance growth across the city.

Recent reports by the NSW Productivity Commission have warned that Sydney is losing twice as many young people as it is gaining, while also finding that Woollahra is the most feasible Local Government Area (LGA) in New South Wales to build new housing.

Despite this, housing approvals in Woollahra consistently lag well behind other LGAs, and the population has declined by 11 per cent over the past 50 years while Greater Sydney as a whole has grown by 74 per cent.

The new station that will be an eight-minute trip from Sydney CBD, will be located on the Eastern Suburbs train line in Woollahra, where a station build was started in the 1970s but never completed.

To enable the delivery of new homes the NSW Government will lead a rezoning of Woollahra and Edgecliff stations similar to other state led rezonings to allow additional homes to be built around the stations.

Affordable housing will also make up a proportion of development on the site with the final amount of affordable housing required, to be determined as part of the rezoning process.

The area surrounding the new station is within walking distance of major green and recreational space including Cooper, Trumper, Rushcutters Bay and Centennial Parks.

The Eastern Suburbs train line between Bondi Junction and Sydney CBD also has the lowest passenger usage rates during the AM peak of any line on the Sydney network, with only 43 per cent of operating capacity during the AM peak currently being utilised by passengers.

Sydney Water and Infrastructure NSW have confirmed there is capacity in the water and wastewater systems to accommodate the proposed 10,000 dwellings without major upgrades.

The rezoning is expected to take around two years and will further support the Government’s housing targets that rebalance the delivery of new homes around existing infrastructure.

&nbsp;

&nbsp;

Next stop Woollahra train station - delivering up to 10,000 new homes in the heart of Sydney

<section data-element_type="section" data-id="b086848">
Fresh off completing its mixed-use Malvern project Malvern Collective, Kokoda Property Group has acquired a prime site on Richmond's Bridge Road.

They are planning a mid-rise residential development with&nbsp;integrated wellness amenities and a vibrant ground-floor retail and dining offering.

The site, at&nbsp;487–495 Bridge Road, spans&nbsp;1,650 sqm with 50 metres of dual frontage across Bridge Road and Palmer Street. It is currently leased to Adairs, and has a large retail building and 20 onsite car parks.
</section>

<section data-element_type="section" data-id="534a164">
Kokoda Property Group’s acquisition forms part of a broader phase of growth in Melbourne, building on momentum from the completion of Malvern Collective and the recent purchase of a Burnley Street site for the developer’s first commercial project.&nbsp;

Mark Stevens, Kokoda Property Group’s Founder and Managing Director, said that the company’s Bridge Road site acquisition signals confidence in a city that is re-accelerating.

“Melbourne is regaining momentum,"&nbsp;Stevens said.

"After a cautious period post-COVID, we’re seeing buyer sentiment stabilise and capital leaning back into well-located, quality projects. Victoria now benefits from deep builder capacity and competitive delivery pricing, creating a rare opportunity to bring design-led inner-city developments to market without compromising on craftsmanship.

“Richmond ticks all the boxes for us – connectivity, culture and everyday amenity – making Bridge Road the perfect address for an amenity-rich, multi-use development."

<img alt="Kokoda" data-entity-type="file" data-entity-uuid="9a8de51d-8092-480a-8b7e-e081816692c2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-29%20at%208.54.27%E2%80%AFAM.png?VersionId=VRHpV5.6beOu2cieKHWrw3ErMPuVOAuj" />

Envisioned as an “urban lantern” the building will bring a distinctive new presence to Bridge Road with a sculptural retail frontage, designed to honour the street’s heritage character while contributing to its renewal.

Stevens said the acquisition reflects the developer’s commitment to design-led addresses in Melbourne’s inner city.

“Drawing on Richmond’s rich heritage and dynamic character, we’ve envisioned a contemporary building that respects the past while elevating the way people live today. With dual frontages, curated ground-floor spaces, and a focus on wellness, this project will contribute to the neighbourhood’s evolution, appealing to both downsizers and a new generation of professionals.”

Kokoda Property will now progress concept design ahead of a future planning process.
</section>

Mark Stevens, Kokoda Property Group’s Founder and Managing Director, said that the company’s Bridge Road site acquisition signals confidence in a city that is re-accelerating

First look: Kokoda secures Richmond site for new apartment development

Gold Coast developer Drew Group is fast approaching sell-out at its Main Beach apartment development, Lagoon Main Beach.

In the last nine months, Drew Group and sales partner Pezet Matheson have secured 31 sales totalling over $75 million, as the two-tower development advances towards completion under the expert eye of Hutchinson Builders.

“Today's buyers are more discerning than ever," Drew Group Managing Director Jon Drew says.

"It's essential to provide something truly unique that sets a development apart, and we believe Lagoon has achieved just that."

[smartcode_project:default project_id=108747 project_image_fid=193023]

Just over 50 per cent of recent&nbsp;sales have been to local buyers, reflecting the deep trust and connection within the Gold Coast community that Drew Group has developed over the years.

Demand has been particularly robust at the top end, with two of the three exclusive penthouses already sold, alongside five sub-penthouses. Only seven apartments remain in Lagoon's Signature Series — one&nbsp;penthouse and six sub-penthouses.

[smartcode_project:default project_id=108747 project_image_fid=284864]

Drew Group has also removed the much-maligned sunset clause from all contracts at Lagoon. The sunset clause — although rarely invoked, yet on occasion known to have been — allows developers to take back contracts on apartments should the building not be completed within the timeframe specified in the contract.

Pezet Matheson Co-Director Jayde Pezet says the fact Lagoon is&nbsp;within a year of completion, and has no sunset clause in contracts, provides certainty to buyers.

"This is paramount in the current market," Pezet says.

Drew Group has committed to providing the highest level of security inclusions — none more impressive than the Ubiquity Access Control System, a cutting-edge facial recognition technology that is one of the most state-of-the-art keyless entry systems on the market.

[smartcode_project:default project_id=108747 project_image_fid=190743]

One of the biggest drawcards to Lagoon has been the size of the apartments.

"It is unlikely that any future new development in Main Beach will be able to offer such spacious living at this price point," Drew says.

"Today's buyers are more discerning than ever, carefully evaluating amenities like gyms, spas, workspaces, and beach lockers, along with quality finishes. It's essential to provide something truly unique that sets a development apart, and we believe Lagoon has achieved just that."

Lagoon is set to complete construction in mid-2026.

[smartcode_project_cta:default project_id=108747]

Lagoon Main Beach approaches sell-out as local buyers drive $75m in sales

Pellicano

The national property developer, Pellicano, are set to bring something different to the affluent Brisbane riverside suburb, Kangaroo Point.

They're seeking to create Story House, a development of 86 apartments,&nbsp;on the more affordable end of the scale than what Kangaroo Point is generally&nbsp;used to.

There will be a mix of studio, one, and two-bedroom apartments across the nine-level building designed by DBI Architecture, which will be crowned with an extensive rooftop amenity level.

<a href="/new-apartments/kangaroo-point-qld-4169">To keep up to date with the development and its launch, enquire here</a>

<img alt="" data-entity-type="" data-entity-uuid="" height="830" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/pellicano_story_house_kangaroo_point_3.jpg" width="1200" /> 
The exterior of Story House. Image credit: DBI Architecture

That will home a lap pool with a pool deck and spa, a yoga lawn, a dining and barbecue area, and an outdoor gym. 85 per cent of the building's roof top&nbsp;is disposed as recreation areas and gardens, landscape architect RPG Group advise on the development submission.

They described Story House as "mid-century modern meets sophistication in the heart of Woolloongabba and wider area of Kangaroo Point."

<a href="/new-apartments/kangaroo-point-qld-4169">To keep up to date with the development and its launch, enquire here</a>

The Pellicano team identified the area as having considerable growth potential well before the Olympics was announced for Brisbane in 2032. They bought two adjoining 708 sqm Duke Street sites for a combined 1,418 sqm block in 2019 for around $2,875,000 combined.

The site is currently vacant, with the existing character house at 21 Duke Street having been relocated, and the house at 65 Linton Street&nbsp;demolished.

<img alt="" data-entity-type="" data-entity-uuid="" height="718" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/pellicano_story_house_kangaroo_point_1.jpg" width="1200" /> 
The rooftop of Story House. Image credit: DBI Architecture

A stone's throw from The Gabba but in the Kangaroo Point postcode, Story House was designed by DBI who said the building and internal use is broken down to create a base form that scales to the street; a three-story expression that is typical in scale to the historical locality.

"The building offers balconies expressed to offer an overt sub- tropical, outdoor living experience," DBI advised.

"The balconies become a vibrant &amp; playful series of sculptural forms that humanize the suburban building to the street.

"The articulated facade allows for desired breeze flow through all habitable spaces."

<a href="/new-apartments/kangaroo-point-qld-4169">To keep up to date with the development and its launch, enquire here</a>

Story House was described as "mid-century modern meets sophistication in the heart of Woolloongabba and wider area of Kangaroo Point."



First look: Pellicano set for Story House, Kangaroo Point apartment development

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Pellicano Group are celebrating reaching the completion milestone of their latest $55 million residential development, Alke. 

Situated in Victoria's south-eastern suburb of Oakleigh, the 83-apartment building features a famously-Melbourne red brick facade, with a central laneway which doubles as a resident communal courtyard.

<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/alke_residents_terrace_l1.jpg" rel="gallery-all" title="Alke. Image supplied. "><img alt="" class="image-article-full-width-580px" height="386" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/alke_residents_terrace_l1.jpg?itok=Fw6IyUVL" title="Alke. Image supplied. " width="580"></a>

<figcaption>Alke. Image supplied.</figcaption></figure>Architecturally designed by SJB Architects, Alke offers timeless, modern design, with one and two-bedroom apartments competitively priced from $463,000. The development also includes a boutique collection of three-bedroom luxury homes starting at $965,000.

<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/alke_the_prestige_collection_bedroom_with_private_terrace.jpg" rel="gallery-all" title="Alke. Image supplied. "><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/alke_the_prestige_collection_bedroom_with_private_terrace.jpg?itok=Sqsdt-eC" title="Alke. Image supplied. " width="580"></a>

<figcaption>Alke. Image supplied.</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/alke_the_prestige_collection.jpg" rel="gallery-all" title="Alke. Image supplied. "><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/alke_the_prestige_collection.jpg?itok=uWdZYJRC" title="Alke. Image supplied. " width="580"></a>

<figcaption>Alke. Image supplied.</figcaption></figure> 

As a family business who have been operating since 1969, the development also holds some sentimental value, with the Pellicano family launching their very first project not far from the brand new Alke residences.

Pellicano Managing Director, Nando Pellicano, explains that interest in the development has remained strong throughout the year, and even more so now that the development is complete. 

<blockquote>
"All the residents our team have been speaking to are looking forward to their new lives at Alke – some were looking for something smaller with a move from the local family home, others were embarking on the first step of home ownership, while some were seeking a residential investment opportunity."
</blockquote>

Settlement has now commenced, with several residents currently occupying their new homes. 
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Olivia Round

Construction complete at Oakleigh's new Pellicano development, Alke

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Diversified property group Pellicano has expedited the next stage of construction at its Parkwest Estate in Bundamba due to strong sales, while announcing the commencement of construction of the next stage at Connexion Industrial Park in Darra, following leasing success in recent months.
Due to the final office/warehouse space selling out at Parkwest Estate, Pellicano will commence the next stage of the project 12 months ahead of schedule, which will deliver additional office warehouse units.
Meanwhile at Connexion, construction has commenced on a major refurbishment of a freestanding 10,600 sqm office/warehouse, and four new spec office/warehouses totalling 3,000 sqm.
Pellicano was buoyed by a deal struck at Connexion during the height of the COVID-19 pandemic, with a 7,500 sqm site being leased out to MACH1 Logistics in late March, spurring the company to prioritise the works on both sites.
Pellicano managing director Nando Pellicano believes recent activity at these projects, as well as its Industrial activity in Melbourne, is an early sign of how well the Industrial sector is holding up across the property market.
“We saw many companies facing challenges during lockdowns, restrictions and work-from- home guidelines, but we’ve still been able to put clients into new facilities, as the push to e- commerce and on-line expediates.
“Well-located industrial space has proven popular at a time where more and more consumers turn to shopping online.
“I think the popularity of these sites is driven in part by the flexibility we give our clients across the board – we work with them to ensure their facility is exactly what they need, and that they can make any necessary tweaks to ensure it’s a long-term prospect,” he said.
Works at the office/warehouse site at Connexion Industrial Park are due for completion in two stages, with the 10,600 sqm refurbishment available to occupy from fourth quarter of 2020, and the four spec units from early 2021, while the next stage of construction at Bundamba is due to commence in the coming months once detailed designs are finalised.
Pellicano’s current activity will take its total Industrial Holdings to over 600,000 sqm by the end of year with a vacancy rate of under 2.5 per cent.
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j.ballantyne1990-6AQqhLzZaK

Pelicano announces construction across two Queensland projects

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Diversified property group Pellicano has announced its strongest quarterly results on record.
The results are on the back of securing $29 million in pre-commitment deals at Innovation Park, Dandenong South - a joint venture business park between Pellicano &amp; ISPT.
The park incorporates 20,000 square metres of custom-built facilities for a mix of industries including construction supplies, imports and distribution, medical products and transport.
Businesses who have taken up deals include Defries, Hopper Transport, Exclusive Tyres and ICCONS.
The new deals will take Pellicano’s Industrial portfolio to 550,000 square metres under ownership, with a vacancy rate of 2.9%.
The industrial assets are forecast to outperform the broader commercial property market over the next several year, a recent Moody's report suggests.
Global real estate agency JLL recently suggested that as much as $21 billion of investor capital is looking for a home in Australia's industrial market.
Pellicano Managing Director, Renato Pellicano, said the results are a sign of the strength of the industrial market.
Pellicano, said this level of pre-lease volume over a single quarter was unprecedented.
“This is the strongest demand for industrial stock Pellicano has seen in the last decade,” said Pellicano.
“As land values continue to rise and available stock levels diminish, demand is outstripping supply. Accordingly, we expect to see industrial rents rise 10-15% over the next three years.
“Our goal has always been to maintain healthy occupier-owner relationships across our portfolio and as a family-owned business, these relationships have been a key factor in our success.”
Philip Rose, Managing Director of new client, ICCONS said the philosophy impacted his decision to make a pre-lease commitment at Innovation Park.
“We appreciated the open and collaborative communication between senior stakeholders at Pellicano, which led to an efficient and timely outcome,” said Rose.
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jonathanchancellor-7SQnKwU6yx

Pellicano post strongest quarter ever on back of industrial market strength 

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In 2016, Apartments.com.au announced the <a href="/news/ballarats-historic-station-precinct-set-to-be-transformed">Ballarat Station transformation</a> – today, the development has already completed the first phase of construction and is set to embark on stage two, heading towards its slated completion date of 2020. The Victorian Government and property developers Pellicano are working together to revitalise Ballarat’s central transportation hub, by embracing the area’s local charm and creating a dynamic transport, tourism and community centre.

Stage One of the $51 million development has introduced a 405 space, multi-level carpark for commuters, while Stage Two will see Ballarat welcome a brand new 77-room Quest Hotel. The hotel will be conveniently located a short walk from the train station and neighbouring events plaza. A long-term relationship between Pellicano and Quest apartment-hotel group has seen an <a href="/news/secondary-markets-benefit-as-pellicano-and-quest-expand-their-national-presence">impressive portfolio of Quest developments</a> take shape across Australia. 

<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/r0_0_5137_3356_w1200_h678_fmax.jpg" rel="gallery-all" title="The Goods Shed was built in 1862. Credit: Adam Trafford via The Courier"><img alt="" class="image-article-full-width-580px" height="379" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/r0_0_5137_3356_w1200_h678_fmax.jpg?itok=n-t09QmV" title="The Goods Shed was built in 1862. Credit: Adam Trafford via The Courier" width="580"></a>

<figcaption>The Goods Shed was built in 1862. Credit: Adam Trafford via The Courier</figcaption></figure>The 1862 building known as ‘The Goods Shed’ will be restored to house 25 to 1,200 square meters of retail outlets, as well as a new Convention Centre, which will add value to the area by providing a cultural hub for the growing community which is expected to rise by 30% in the next 15 years.

<blockquote>
“We are seeking an eclectic retail mix, from small businesses to larger national retailers looking to move into the area… We will aim to work closely with businesses to ensure the spaces suit their needs.”

- Nando Pellicano, Pellicano Managing Director
</blockquote>

The newly developed precinct will also feature a landscaped plaza which will connect the Goods Shed with the train station, providing an inviting space for public use and a place to host events, makers markets and more.

Interested to hear more about Pellicano Developments? <a href="/developers/pellicano-group">Discover more 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/ballarat_station_render_external_sw_perspective_.jpg" rel="gallery-all" title="Ballarat's latest precinct. Credit: Pellicano"><img alt="" class="image-article-full-width-580px" height="386" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/ballarat_station_render_external_sw_perspective_.jpg?itok=WuItUlU5" title="Ballarat's latest precinct. Credit: Pellicano" width="580"></a>

<figcaption>Ballarat's latest precinct. Credit: Pellicano</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/ballarat_station_render_external_ne_perspective_.jpg" rel="gallery-all" title="The proposed train station to be built. Credit: Pellicano"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/ballarat_station_render_external_ne_perspective_.jpg?itok=X86L8N6A" title="The proposed train station to be built. Credit: Pellicano" width="580"></a>

<figcaption>Proposed train station to be built by 2020. Credit: Pellicano</figcaption></figure>
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Pellicano to embark on Stage Two of Ballarat Station transformation

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International hotel group Quest has partnered with Australian developer <a href="/developers/pellicano-group">Pellicano</a> to construct an eight-storey multi-residential building by 2020. Pellicano purchased the Gold Coast site last year, and obtained consent for the build in August 2018. Quest's reputation as one of Australasia’s largest and fastest growing apartment hotel chains has been one of the key factors to ensure Pellicano’s confidence in the project.

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“This project’s convenient location and ease of access to lifestyle amenity paired with Quest’s solid reputation for delivering quality accommodation ensures our confidence in the success of this project." 
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- Nando Pellicano, Pellicano Managing Director

<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/quest2.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="326" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/quest2.jpg?itok=SiKSpggw" width="580"></a>

<figcaption>Quest Robina and Lucia Residences. Credit: Pellicano/Quest</figcaption></figure>Quest Robina and Lucia Residences will be Quest’s debut into the Gold Coast market, and will feature 80 rooms, 37 sqm of ground-floor retail, a two-level basement carpark and 24 residential apartments.

<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/quest3.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="402" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/quest3.jpg?itok=BBv51vYl" width="580"></a>

<figcaption>Quest Robina kitchen layout. Credit: Pellicano/Quest</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/quest1.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="395" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/quest1.jpg?itok=4DWupYZC" width="580"></a>

<figcaption>Lucia Residences kitchen design. Credit: Pellicano/Quest</figcaption></figure><blockquote>
“Best of all it will generate more local jobs and give Robina an opportunity to share in benefits of Council’s push for the Gold Coast to remain Australia’s tourism capital.” 
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- Hermann Vorster, <a href="http://www.goldcoast.qld.gov.au/default">Gold Coast City Councillor</a> 

The Gold Coast has experienced a growth of business travel over the past 6 years in addition to low office vacancy, so the need to create more accommodation and office facilities was essential.

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“…We see Robina as a key commercial centre for the Gold Coast economy – evidenced by low office vacancy, iconic commercial towers and a range of drivers across the health, sporting and retail sectors to support future growth. Business trips to the Gold Coast have experienced average growth of above 6.5 per cent over the last six years which represents 10 per cent of the overnight domestic travel market. This provides a wonderful opportunity for Quest Robina to provide quality accommodation to meet this demand.” 
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- James Shields, Quest Apartment Hotels General Manager - Growth

Quest Robina and Lucia Residences will be the first of multiple joint ventures of Quest and Pellicano, totalling approximately $182 million. Other projects are likely to take place in the Victorian suburbs of Ballarat, Preston and Geelong.
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Construction underway for $32 million Gold Coast development, adding to the Pellicano x Quest empire

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Pellicano has secured Quest as the apartment hotel operator for mixed-use projects in Preston and Geelong, Victoria and Robina on the Gold Coast.
Completion of all four current projects is expected during 2020.
They will deliver 328 Quest apartment-hotel rooms, 99 residential apartments, retail space of 2,500sqm and a conference centre including theatrette.
In combination with Pellicano’s existing Quest property holdings at Woolloongabba and Dandenong, the sum of Pellicano’s Quest holdings will amount to a considerable 555 rooms.
Pellicano managing director Nando Pellicano says the companies’ relationship has been fortuitous over the past 10 years, owing to their complementary value proposition.
“The newest deals with Quest will take our relationship to eight projects over the past decade,” said Pellicano.
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Pellicano has successfully completed $2.6 billion in developments since 2000.
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Pellicano builds a $182 million partnership with Quest

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A Bentleigh property owned by the Pellicano family for 30 years has been sold.
The property, with a permit for 52 apartments sold to a local Melbourne developer for $9.75 million.
CBRE agent Mark Wizel, who had marketed the property, said it had presented a "fantastic packaged opportunity to the market.’’ 
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The 277-279 Centre Road property comprises a 1564 square metre Commercial 1 zoned allotment with a double storey commercial building of 1276 square metres offering a prominent retail strip frontage of over 33 metres with rear lane access to 36 car spaces.
The property, which is located within the coveted McKinnon Secondary College zone and across the road from an Aldi supermarket, is currently 90 per cent leased to nine tenants at a passing income of $267,000 per annum.  
The approved permit allows for a Rothelowman designed, mix-used development with 52 apartments and two significant ground floor retail spaces over seven levels. 
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Wizel said demand for housing in Bentleigh had driven prices past the Melbourne suburban average with a 21 per cent uplift in value over the last 18 months to register a median house price of just over $1.6 million. 
The property according to CBRE National Director Investments Mark Wizel, who brokered the deal with Julian White and Nathan Mufale, attracted a strong field of local, interstate and Asian purchasers.
Wizel said the permit appeared to unlock the best-use potential of the property although the 10-year average occupancy per tenant illustrated the strong and ongoing demand for commercial leases on the strip.
 
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Pellicano family sells their Bentleigh property

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The diversified property group, Pellicano, has sold the final lot at its 74 hectare masterplanned Innovation Park estate in Dandenong South.
It went for for 72% more than comparable lots in 2012.
At $290 per square metre for the 14,940 square metre site, the final sale to a private investor totalled over $4.3 million.
Over the past six years and across four stages, 61 lots have been sold at Innovation Park for upwards of $68 million.
The sale represented the last sale of public land with Pellicano and its JV partner, ISTP, instead now turning attention to the 26 hectare of land reserved exclusively for pre-commitments and speculative developments.
“The 72% increase between the approximate price per square metre in 2012 and 2017 is demonstrative of the growing demand for industrial lots in Victoria. In particular, the appetite for industrial land in the south east has consistently driven prices up,” managing director Renato Pellicano said.
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Pellicano sells final lots at Dandenong South masterplanned Innovation Park

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Property developer Pellicano has been given approval for a mixed-use residential development in the victorian suburb of Oakleigh.
The mixed-use development, worth $53 million, will have 95 apartments and retail space nd consist of three buildings – a small linear building to the south and two sculpted buildings to the northeast and northwest.
A pedestrian walkway will run north to south through the site, connecting Atherton Road with the access laneway to the north.
Nando Pellicano, managing director, Pellicano said the site offers great connectivity to wider Melbourne being within a two-minute walk to bus access, and a five-minute walk to the Oakleigh train station.
"It also has direct access to major arterials such as Dandenong Road, Warrigal Road and the Monash Freeway,” he said.
"Alke will present a four-storey frontage to the street, with a retail tenancy at ground level creating an opportunity to add to the already vibrant street life.
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“We see this development catering to residents in all walks of life,” Pellicano said.
“First home buyers, young professional renters, and downsizers who want the convenience of apartment living while staying within their local community can take advantage of this opportunity.”
A communal residents’ landscaped terrace will be located on level one, landscaped by John Patrick Landscape Architects.
Construction is set to commence in the second half of 2017.
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