Sydney developer Deicorp is set to officially open its <a href="https://www.apartments.com.au/new-apartments/hills-showground-village-castle-hill-2-mandala-parade-castle-hill-nsw-2154">Showground Village</a> precinct in Castle Hill.

NSW Premier Chris Minns will attend the opening on Sunday August 31, alongside&nbsp;Minister for Planning and Public Spaces Paul Scully, The Hills Shire Council Mayor Dr Michelle Byrne, Landcom CEO Alex Wendler, and Deicorp Founder Fouad Deiri.

There will be a ribbon-cutting ceremony before a tour of the newly opened retail precinct.&nbsp;

&nbsp;

Located just moments from Hills Showground Metro Station, the centre spans 9,500 sqm across four levels and features 26 specialty retailers as well as a 1,400 sqm public plaza, creating a new community meeting point for shopping, dining, fitness, and everyday convenience.&nbsp;

The grand opening will be celebrated with a family fun day, featuring free entertainment, children’s activities, and a Skill Tester Machine with guaranteed prizes ranging from Woolworths gift cards to a $5,000 Flight Centre voucher.&nbsp;

Showground Village forms part of the Hills Showground Station Precinct, an urban renewal initiative led by Landcom and Sydney Metro that will provide for around 2,300 new jobs over the next 20 years and around 9,000 new homes.&nbsp;

Deicorp was recently approved for another new development next door to Showground Village.

The new five residential buildings in the East Showgrounds Precinct, will see another 873 dwellings delivered, as well as&nbsp;3,500 sqm of open public space in the form of landscaped courtyards, a public park and communal outdoor recreational space including a playground, barbeque area, and outdoor seating.

“This approval will allow us to start construction on a range of beautifully designed, conveniently located apartments and create another vibrant, walkable and well-connected community,” said&nbsp;<a href="https://www.apartments.com.au/developers/deicorp" target="">Deicorp</a>&nbsp;Founder Fouad Deiri.

“These new homes will provide their residents with a seamless connection to jobs and services along Metro North West, and the new&nbsp;<a href="https://www.apartments.com.au/new-apartments/hills-showground-village-castle-hill-2-mandala-parade-castle-hill" target="">Hills Showground Village</a>&nbsp;retail precinct currently under construction."

Deicorp has several thousand apartments in planning and under construction across Sydney, from Zetland and Five Dock to Crows Nest and Macquarie Park.

[smartcode_project_cta:default project_id=133881]

Joel Robinson

Deicorp, NSW Premier to officially open Showground Village, Castle Hill’s new retail and hospitality hub

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

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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>

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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."

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

National apartment developer Abadeen has topped out its debut Gold Coast apartment project,&nbsp;<a href="https://www.apartments.com.au/new-apartments/villea-palm-beach-26-mawarra-street-palm-beach-qld-4221">Villea Palm Beach</a>.

Buyers will move into the $120 million development in early 2026, with builder Emicon now focusing its attention towards the fitout stage of the apartments.

<a href="https://www.apartments.com.au/developers/abadeen-group">Abadeen</a>’s Executive Chairman and Founder, Justin Brown, said topping out at Villea represented an exciting step forward for the company’s national growth and the delivery of a benchmark coastal development.

“Villea Palm Beach represents everything Abadeen stands for — design-led living, premium quality, and the convenience we are bringing for residents to feel part of a perfect beachside community," Brown said.

"It is a particularly special project for us, being our first with spectacular ocean views, just metres from the water and with the addition of ground-floor retail. To reach the top floor is a proud moment, and I am incredibly proud of the Abadeen and Emicon teams for the way they are bringing this project to life for future residents.”

[smartcode_project:default project_id=106840 project_image_fid=336444]

Pierre Saab, Director of builder <a href="https://www.apartments.com.au/builders/emicon">Emicon</a>, said topping out was an exciting milestone and the team is now focused on interiors and detailing.

“This is a fantastic milestone to reach. With the final roof pour complete, we’ve moved into the fit-out stage where the detailing will truly bring Villea to life,"&nbsp;Saab said.

"Standing on the top floor, the team was struck by the stunning 180-degree views of the ocean and all that <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a> has to offer — a daily reminder of the exceptional lifestyle this project will deliver.”

[smartcode_project:default project_id=106840 project_image_fid=336441]

Nick Clydsdale, Director of SRQ, who is managing sales and marketing for Villea, said the milestone marks the next phase of the sales campaign.

“With construction now at its highest point, we are excited to kick start the next phase of the campaign off the back of strong sales momentum driven by the local market,"&nbsp;Clydsdale said.

"Villea is a prized offering in the popular suburb of Palm Beach— ideally suited to owner-occupiers and downsizers seeking a convenient and beautiful coastal lifestyle. At the same time, with forecasts pointing to further price growth across the Gold Coast in 2025, Villea offers investors the opportunity to enter early in the upswing cycle."

[smartcode_project:default project_id=106840 project_image_fid=336442]

&nbsp;

Designed by acclaimed architects <a href="https://www.apartments.com.au/architects/bda-architecture">BDA</a>, Villea comprises 69 two- and three-bedroom residences with light-filled layouts, premium finishes including timber flooring, Fisher &amp; Paykel appliances, and high-performance glazing to maximise comfort.

Many residences capture ocean views, while all benefiting from generous open plan designs and access to shared amenities like a&nbsp;pool, gym, barbecue facilities, and outdoor entertaining spaces, all just 400m from the beach.

A ground floor retail leasing campaign is also underway, with Abadeen set to handpick a curated mix of tenants to enhance the experience for both residents and the wider community.

[smartcode_project_cta:default project_id=106840]

Abadeen tops out Villea Palm Beach

Redevelopment

The landmark Coogee mansion, Ballamac House, is set to undergo a redevelopment into luxury apartments.

Sydney developer Central Element are seeking to transform the historic house, which has been flats for the last six decades. The building at 39 Arcadia Street, just 350 metres from the beach, will be restored and revived to its original glory, creating a collection of just eight apartments&nbsp;to be added to the east of the house.&nbsp;

The group’s vision of fusing old and new will bring the Ballamac House estate into a new era, with the restoration and new build designed by acclaimed architects, Tonkin Zulaikha Greer (TZG), who have collaborated with Central Element on a number of previous projects, including 25Hours Paddington and The Metro-Minerva Potts Point.&nbsp;

TZG’s Director, Tim Greer said their approach was to design both spectacular but also comfortable residences, which spoke to the site’s coastal location and embraced the natural elements of the surrounding environment.&nbsp;

“With Ballamac’s rich Coogee history and Central Element’s expertise, TZG Architects are making a new story. The things we chase in our stories as we craft them are timeless, rational and beautiful but the things that you remember are the small moments of wonder and delight that stay with you long after you have departed” Greer said.

All eight residences will feature three-bedrooms, with the rooftop and penthouse apartments to be split across two levels of living.&nbsp;&nbsp;

Two of the residences will sit within the original 1860’s house with the remaining six situated in the added apartment building, which will feature a communal outdoor entertaining area and garden.

Each of the residences will enjoy the locale of the waterfront location with uninterrupted views out to Wedding Cake Island.

The two apartments within the original house are set to be an ode to old-worldly living, with the retention of the external and internal walls of the original house, along with original fireplaces, mantel pieces, and decorative ceilings.&nbsp;

The residences will also see the reconstruction of the wrap-around verandah with the original rectangular cast iron columns, allowing for indoor to outdoor living.

The repair and conservation of the sandstone walls of the original house will be continued in the new apartment building, blending old and new.

There will be new landscaping by&nbsp;award-winning landscape architecture practice JILA, which will also see a communal plunge pool added.

Central Element’s Managing Director, Nathan Chivas said Ballamac House is a hallmark project for the group, designed to make a lasting impact on the celebrated beach lifestyle in one of Sydney’s most sought-after addresses.&nbsp;

“The legacy and famous history of the building will be preserved as we transform the former residence and add further luxury living spaces that will deliver an elevated lifestyle dimension to the landmark site,” he said.&nbsp;

Completion of the redevelopment is slated for 2024.&nbsp;

The building at 39 Arcadia Street, just 350 metres from the beach, will be restored and revived to its original glory

alisonwarters@gmail.com

Central Element to redevelop Coogee's 1860’s Ballamac House into luxury apartments

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The luxury redevelopment of the Kirra Beach Hotel site in Coolangatta's Kirra Point has already seen nearly half of their 118 Miles Residences apartments in stage one sell.

Some $88 million has been secured for the KTQ Group, whose $180 million first stage is part of their <a href="/buildings/miles-kirra-beach-hotel-101-musgrave-street-coolangatta">$380 million re-development of the site</a> which will also include a new pub and pavilion.

The average sale price has been $1.61 million.

The sales conversion has come off the back of more than 1,000 inquiries prior to the project’s much launch on December 27. 
KTQ Group development director Jeremy Holmes said the very promising sales start would fast track the commencement of construction on the project.

<a href="/buildings/miles-kirra-beach-hotel-101-musgrave-street-coolangatta"><img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/kirra_miles_residences_living_area_.jpg" width="1200"></a> 
“We’re pleasantly surprised at the sales, but we were always of the belief that when we went to the market with Miles Residences there would be significant interest no matter what type of market we were in,” Mr Holmes said. 
“The reality is it is impossible to replicate this offering on a one-hectare site overlooking Kirra Beach. The fact that the southern Gold Coast market has been so strong, along with a pent-up demand for this particular development, has provided a solid foundation for the launch campaign.

Miles Residences has targeted predominantly owner-occupiers and will offer spectacular views across the Gold Coast from its location on one of Australia’s most famous north-facing beaches.

"We have seen a great cross section of buyers to date, with 70% coming from Queensland and 23% from New South Wales. The high level of Queensland buyers is mainly due to the local market acting quickly to choose their ideal apartment. They have been waiting 10 years for this project and didn’t want to miss out on the uninterrupted view lines.” 

Sales have ranged across a diverse mix of apartments with one-bedroom residences selling from $550,000 up to the most spectacular three bedroom plus MPR residences reaching $3,000,000.

<a href="/buildings/miles-kirra-beach-hotel-101-musgrave-street-coolangatta"><img alt="" height="806" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/kirra_exterior.jpg" width="1200"></a>

Prices start from $545,000 for the one bedroom apartments, from $795,000 for the two bedders and from $1.5 million for the three bedroom, three bathroom apartments.

Tim Keenan, of Keenan &amp; Co which is marketing Miles Residences, said the interest had been overwhelming.

“We have not stopped. The inquiry from locals as well as interstate purchasers has been relentless,” Mr Keenan said.

“The reality is that the southern Gold Coast has never seen such a quality offering and the market has responded in kind.

“Buyers who know and understand the uniqueness of one of Australia’s most iconic north facing beachfront locations have been waiting for a project of the quality and scale that KTQ Group has put together. 

 

“We are pleased that we still have some of the best apartments available for sale and we are seeing buyers across all price points and unit types. 

“This is the first major destination precinct for Kirra and the quality of these superlatively designed apartments to match such a wonderful location has combined to create enormous interest and sales conversions.”The Woods Bagot-designed tower is slated for completion in early 2023.

The Kirra Beach first stage is expected to take two and a half years to deliver and will create hundreds of initial construction jobs and then a number of hospitality jobs upon completion.

The family-owned KTQ Group are the owners of the award-winning Elements of Byron resort which has won multiple tourism and design awards including the Urban Development Institute of Australia’s 2017 and 2018 Awards for Excellence in retail and regional development.

 
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The KTQ Group's $380 million re-development of the site will feature 118 apartments in total and a new pub and pavilion.



Kirra Point's Miles Residences nearly 50% sold in just three weeks

KTQ Group, the owners of the award-winning Elements of Byron resort, are set to launch the $200 million first stage of the&nbsp;$380 million multi-staged re-development of the Kirra Beach Hotel site.

The first of these luxury residences are being showcased for the first time via a display apartment ahead of the <a href="/buildings/miles-kirra-beach-hotel-101-musgrave-street-coolangatta">project&rsquo;s official launch</a> just after Christmas.

Tim Keenan, of Keenan and Co which is marketing the project, said almost 1000 inquiries had been received since the project was publicly announced close to&nbsp;two months ago.

[smartcode_project:default project_id=27575]

More than a quarter have been&nbsp;from interstate prospects who have not been able to get to Queensland until now due to the COVID border restrictions.

&ldquo;The interest prior to launch has been unbelievable. In all my years in the industry I have never seen such strong enquiry levels in one project,&rdquo; said Mr Keenan.

&ldquo;Early indications suggest we will be oversubscribed in terms of sales sometime in January, such is the strong level of interest.&quot;

The initial stage will offer over 100 luxury residences, predominantly targeting the strong owner occupier market hitting the coast.

The residences will offer a mix of one, two, three&nbsp;and four bedrooms, most of which will include a separate multi-purpose room.

Below the luxury apartments will be a new pub and pavilion.

The family-owned KTQ&#39;s&nbsp;Elements of Byron won&nbsp;multiple tourism and design awards, including the Urban Development Institute of Australia&rsquo;s 2017 and 2018 Awards for Excellence in retail and regional development.

The Kirra Beach first stage is expected to take two and a half years to deliver and will&nbsp;create hundreds of initial construction jobs and then a number of hospitality jobs upon completion.

The initial stage will offer over 100 luxury residences, predominantly targeting the strong owner occupier market.

urban.com.au

Stage one of the Kirra Beach Hotel re-development set to launch

The Sydney Eastern City Planning Panel have approved the $135 million re-development of the former Balmain Leagues Club site.

Investment house and residential developer Heworth Holdings will be in control of the 28,000 sqm mixed-used development on the corner of Victoria Road and Darling Street.

As well as 167 apartments, there will be commercial space, including 'live/work' units, and a new public town square with a supermarket, speciality retail and a community arts studio.

The lower levels of the complex will comprise the new Tigers Leagues Club.

<img alt="" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/9/11/Balmain%20Leagues.jpg" />

The whole project will create over 1,000 jobs, with over 417 jobs as part of the construction phase and nearly 600 direct and indirect operational roles with the new club, retail and commercial components of the development.&nbsp;

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Heworth’s head of property Christopher Walsh described the DA approval as a “significant milestone in the site’s history and great outcome for the inner-west community”.

“We’re delighted that the project has been given the green-light and we can start work on resurrecting the site and building a new Balmain Tigers Leagues Club, for the benefit of its loyal members and the wider community, who’ll enjoy the new amenities,” Mr Walsh said.

“Heworth has&nbsp;continued to engage with the local inner-west community throughout the three year planning process and we’d like to thank Mayor Darcy Byrne and the Inner-West Council for their ongoing support and interest in the project.

Heworth Holdings comprises Heworth Fund Management, Heworth Lendbuild and Heworth Construction.

[smartcode_project:default project_id=29140]
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jrobinson-rf4aSBido9

Balmain Leagues Club site set for $135 million re-development

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The WA Government has called for offers on the former Princess Margaret Hospital carpark.
The three-street front West Perth offering encompasses a total 5,666 square metres, one of the inner-city’s largest infill redevelopment sites for some time.
Approval is in place for three titles with offers being sought for purchase as one englobo lot or as one of three individual site lots.
Situated opposite the old hospital, the former medical specialists’ carpark will play a pivotal role in the future rejuvenation of West Perth and complement the adjoining Subi East redevelopment precinct.
LJ Hooker Commercial Perth’s Brian Neo and Vincent Siciliano have been appointed exclusively to the sales campaign.
Neo anticipated the site – located on the eastern side of Thomas Street with almost 50 and 90 metres of frontage to Cook and Murray streets, respectively – would attract interstate and international interest.
He said it would appeal to developers looking for premium infill sites ahead of the next property cycle.
“This is the leading infill development site currently on the market in Perth and one of the best we’ve seen offered in several years,” said Neo.
“The site is earmarked for office and residential development under the City of Perth town planning scheme and, as an elevated site, has the capacity to offer stunning, panoramic views of the city via a future tower development.
“In addition to its large-scale footprint, any redevelopment of the site can leverage the amenity which the State envisions for the future of the Princess Margaret Hospital site, which it is connected to via a pedestrian underpass.”
The double western allotments of the carpark site each offer 1845 square metres of developable land, while the eastern allotment is larger at 1976 square metres.
“The former carpark site will have a great influence in the overall rejuvenation of the inner-city and the State Government is interested in finding a buyer with a vision to complement their intent for the precinct.”
Offers to purchase close February 22 2pm, WA time.
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j.ballantyne1990-6AQqhLzZaK

Former Princess Margaret carpark listed by WA Government as infill redevelopment site

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Property developer Riverlee has received development approval for its $450 million redevelopment of the Northbank Goods Shed and surrounding land.
The disused industrial waterfront site is to be rebuilt as a mixed use precinct, Seafarers Place.
The development plans are set to deliver a 3,500 sqm public park as well as work on the historic wharf and heritage-listed crane. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/8/14/Riverlee%202.jpg" alt="">
Seafarers Place will comprise 150 residences, a 5-star hotel with 280 rooms and a 1000-seat function centre, along with a host of retail amenities.
Fender Katsalidis have designed with project with landscape design by OCULUS.
The Northbank Goods Shed transformation will signify the last opportunity to live along the waterfront in Melbourne’s CBD, Riverlee’s development director David Lee said.
Wharf restoration works began in February and are expected to be completed in the coming months, while crane restoration works have commenced with construction slated for mid 2019.
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$450 million Seafarers Place redevelopment has been approved for Melbourne's Northbank wharf precinct

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Two three-storey office properties in Sydney’s Olympic Park have come to market as a redevelopment project.
The 14,423sqm site, which comprises 6 Parkview Drive and 102 Bennelong Parkway.
It is being marketed as Quad Two and Three, with mixed-use and apartment redevelopment potential subject to council approval.
GJS Property’s Jason Wright and Chris Bailey, in conjunction with Savills Australia’s Neil Cooke and Stuart Cox, have been appointed by Growthpoint Properties Australia to market the property via expressions of interest.
More than $70 million is tipped.
Cooke said interest was anticipated from a variety of development groups looking for a residential development play with strong underlying net income.
“There are limited opportunities capable of providing a high-quality mixed-use development situated within such close proximity of all desired amenities,” he said.
Developers will enjoy the income available during the holding period, generated from a combined 10,389sqm of Net Lettable Area in the two five-star NABERS-rated office buildings.
It has a substantial passing income of $3,800,432 per annum with all leases incorporating annual increases between 3.5 per cent and 4 per cent.
The site is zoned B4 Mixed Use under the provisions of the State Environmental Planning Policy (State Significant Precincts) 2005 but will benefit from density and height increases as part of the Sydney Olympic Park Authority (SOPA) Master Plan 2030.
The Master Plan 2030 is pending gazettal, coupled with established and proposed infrastructure.
The vendor had commissioned a feasibility study through architecture firm, Turner, which has been actively involved with the SOPA’s Master Plan 2030.
The feasibility study outlines the potential for 33,722sqm of Gross Floor Area, subject to council approval, providing up to 446 units and a building height limit of up to 15 storeys.
The agents noted Sydney CBD and district views that could be attained through a redevelopment are unlikely to be built out due to the Badu Mangroves and Bicentennial Park to the east. 
Some 18 years after the Olympics, the suburb is an established urban oasis benefitting from significant infrastructure and private investment, Mr Bailey said adding developers working on surrounding residential and mixed-use projects had succeeded in capitalising on the versatility of the precinct.
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$70 million plus Sydney Olympic Park residential site set to spark developer contest

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A Bondi Beach development site has been sold off market for a reputed $20 million.
It is currently a block of two apartments and a commercial shop, boutique retailer Mister Zimi is located on the ground level at the 43-45 Hall Street property.
It was a prized land offering of 1180 sqm.
Jeremy Wiesner at new agency Wiesner Property sold the property quietly off-market, with the undisclosed buyer intending on developing the site at some point.
The precinct's last major development was the Boheme project.
Hall Street, just off the beach, has seen a flurry of activity in recent times.
A commercial block across the street sold for $5 million earlier this year. It's the home of the ground level Rice Pot Restaurant and Gertrude &amp; Alice Cafe, with a number of apartments above.
Last year Australia Post sold the Bondi Beach Post Office for $10 million when bought by Jamie Nemtsas, the co-founder of ASX-listed Murray River Organics.
Hall Street leads off the beach fronting Campbell Parade promenade, where in the last few months some of Bondi's most iconic commercial properties have sold.
The most recent was Icebergs Dining, which was <a href="/news/entrepreneur-john-singleton-sells-bondis-icebergs-leasehold">sold for around $15 million</a> by adman John Singleton.
The Australian reported it has been snapped up by the O'Brien Group, Australia and New Zealand's largest privately owned hospitality, entertainment and leisure company.
In late 2016 <a href="/expert-insights/investing/bondi-backpackers-sells-for-18-million-to-wake-up-hostel-chain">Bondi Backpackers </a><a href="/expert-insights/investing/bondi-backpackers-sells-for-18-million-to-wake-up-hostel-chain">sold for $15,512,000</a> to the Millet family, the family behind the international Wake Up! hostel chain.
The sale came shortly after <a href="/expert-insights/buying/bates-milk-bar-at-bondi-beach-sells-for-19-12-million">Bondi's landmark 1951 Bates Milk Bar</a> premises sold for $19.12 million.
The sale came to light through a post on Wiesner’s Instagram account.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/7/4/wiesner.jpg" alt="">
 
 
 
 
 
 
 
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$20 million Hall Street, Bondi Beach site sale

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Vicinity Centres, owners of QueensPlaza, has secured development approval from Brisbane City Council for a $36 million redevelopment for QueensPlaza.
It is marketed as Brisbane’s home of luxury shopping.
Vicinity Centres's Carolyn Viney said the redevelopment of the centre was focused on catering for growing demand for luxury brands.
It will also include two new signature restaurants, one featuring a new dining balcony looking over the Queen Street Mall.
“We want our customers as well as the over 1 million tourists who visit Brisbane’s CBD each year to take the time to indulge in the luxury and dining experience when they visit QueensPlaza.”
The new development concept has been prepared by Blight Rayner, with PDT Architects undertaking design architecture.
Vicinity Centres has appointed Mainbrace as the design and construction contractor.
The majority of development works will be completed in time for the busy Christmas period, with the entire project due for completion in mid-2019.
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QueenPlaza first opened in 2005 and houses anchor retailers David Jones and Coles as well as more than 60 specialty boutiques and high-end retailers
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$36 million development approved for QueensPlaza

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Late last week the State Government and the AFL announced a $225m allocation in the 2018/19 budget that will facilitate a major redevelopment of the Etihad Stadium Sporting and Entertainment Precinct.

This forms part of a $500m package to retain the AFL Grand Final at the MCG for the next 40 years, support grassroots football and the growing women's competitions through upgrades to local community grounds and suburban stadiums.

The Etihad Stadium upgrade will deliver upgrades for rectangular sports like soccer and rugby, improve women's change facilities and guarantees access for other codes and major events. Developed over the last two-years, the redevelopment will see AFL House demolished and replaced with a multi-storey building with improved connections to the waterfront and surrounding precinct.

The plans will be further developed and refined over the next 12-18 months, according to the AFL with works not likely to commence until 2020.

<blockquote>
We have made a committment to the government that it is a venue that is open for all sports and we've committed to that for 30 years. We have always had that attitude and this is now contractually guaranteed.

We want to open up Etihad Stadium, have a better venue and better destination and open up the precinct.

- AFL Chief Executive Gillon McLachlan
</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/etihad_inline_image.png" rel="gallery-all" title="Artist's impression of what an Etihad Stadium upgrade might look like. Image: AFL"><img alt="" class="image-article-full-width-580px" height="329" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/etihad_inline_image.png?itok=6UP4UM3Y" title="Artist's impression of what an Etihad Stadium upgrade might look like. Image: AFL" width="580"></a>

<figcaption>Artist's impression of what an Etihad Stadium upgrade might look like. Image: AFL</figcaption></figure><h2>What does this mean for Docklands?</h2>

Originally breaking the story on the Footy Show, host and Collingwood President Eddie McGuire spoke about the desire to better integrate the stadium with the Docklands precinct and improve connections for visitors arriving from Southern Cross Station, with the possibility that not only would the works encapsulate AFL House but also Channel 7's digital studios.

The details of this have yet to be confirmed.

Unlike most stadiums around the world, Etihad Stadium (originally Colonial Stadium) was always envisaged as an urban stadium acting as a catalyst for the redevelopment of the former docks, with its four 'corners' eventually developing over time to fill out and assist in achieving the vision for a 24/7 precinct. 

It can be argued that the Stadium Precinct hasn't quite reached its true potential with opportunity for the stadium itself to offer more on non-event days and contribute to the activity and liveliness of the area.

Development of the remaining two parcels will go some way to improving and contributing to the area, with developments by AZX Group and Salta Properties injecting further residential and hotel program into the precinct at their 685 and 695 LaTrobe Street sites.

<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/685_latrobe_street.jpg" rel="gallery-all" title="685 LaTrobe Street and 695-699 LaTrobe Street. Images : AZX Group &amp; Salta Properties"><img alt="" class="image-article-full-width-580px" height="177" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/685_latrobe_street.jpg?itok=BmMoPIA8" title="685 LaTrobe Street and 695-699 LaTrobe Street. Images : AZX Group &amp; Salta Properties" width="580"></a>

<figcaption>685 LaTrobe Street and 695-699 LaTrobe Street. Images : AZX Group &amp; Salta Properties</figcaption></figure>Most critically, however, in the mind of this author is the redevelopment of Harbour Esplanade and whether any funding from the State Government and/or AFL will be allocated to finally get this key project realised, after a number of false starts over the years. 

You can read more about the now approved Master Plan for Harbour Esplanade devised by Hassell <a href="https://urban.melbourne/planning/2015/04/29/places-victoria-moves-ahead-harbour-esplanade">here</a> and <a href="https://urban.melbourne/design/2014/12/12/places-victoria-submits-harbour-esplanade-masterplan">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/harbour_esplanade_summary_0.jpg" rel="gallery-all" title="Harbour Esplanade Master Plan Overview. Image: Hassell"><img alt="" class="image-article-full-width-580px" height="375" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/harbour_esplanade_summary_0.jpg?itok=OE9EWTro" title="Harbour Esplanade Master Plan Overview. Image: Hassell" width="580"></a>

<figcaption>Harbour Esplanade Master Plan Overview. Image: Hassell</figcaption></figure>
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