National developer Fortis has received development approval for Crest &amp; Walker, its Newstead apartment development on Kyabra Street.

Construction by Binah is expected to commence on the 20-storey, Bureau^Proberts-designed building soon. There will be 65 two- and three-bedroom apartments on offer, starting at $1.8 million.

<a href="https://www.apartments.com.au/new-apartments/crest-walker-12-kyabra-street-newstead-qld-4006">Crest &amp; Walker</a> marks the fourth active development to be delivered by Fortis in Brisbane, following River House, now nearing completion, a residential project in New Farm, and a mixed-use development in Hamilton. Several additional projects remain in the pipeline as the development manager continues to grow its footprint across South-East Queensland.

&nbsp;

Dan Boman, General Manager – Development, Queensland, said the continued expansion in Brisbane projects managed by Fortis reflects the company’s commitment to design-led development and thoughtful placemaking.

“We’re proud to be strengthening our presence in Brisbane with Crest &amp; Walker, particularly in such lifestyle destination as Newstead," Bonman says.

"Every Fortis project is shaped by its context, and we approach each one with the respect and care it deserves."

Bonman believes Crest &amp; Walker will&nbsp;attract a discerning buyer who values design, thoughtful amenity and a lifestyle that captures the best of contemporary Brisbane.

"Our focus is always on creating places that feel connected to their neighbourhood and elevate the everyday experience for residents. Newstead continues to evolve as one of Brisbane’s most sought-after urban communities, and Crest &amp; Walker reflects our ambition to contribute meaningfully to that story."

&nbsp;

The building’s design features a contemporary brick podium softened by vertical greenery, creating a distinctive architectural expression within the Newstead streetscape. Positioned between Gasworks and James Street, the project sits within one of Brisbane’s most coveted lifestyle precincts, surrounded by dining, retail and cultural destinations.

A communal rooftop will feature a sun lounge and pool, BBQ facilities and a sauna, all set against panoramic views across Newstead and the Brisbane CBD.

Slaite Projects will handle the sales campaign, which will kick off in May.

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Joel Robinson

Fortis to launch Crest & Walker, Newstead following development approval

Singaporean developer <a href="https://www.apartments.com.au/developers/centurion-global">Centurion</a> has unveiled plans for a major mixed-use redevelopment of the former John Martin &amp; Co warehouse building on Adelaide CBD's dress circle North Terrace.

The $300 million redevelopment will comprise three towers, rising behind and above the preserved 19th-century sandstone façade. The proposal would retain and integrate the heritage-listed structure while introducing a trio of contemporary towers that combine student accommodation, residential apartments, and commercial uses.

There will be apartments to purchase, as well as a 30-storey, purpose-built&nbsp;student accommodation tower, designed to respond to growing demand for dedicated student housing in Adelaide’s CBD.&nbsp;Ground and podium levels across the development are expected to host retail, food and beverage, and entertainment uses, helping to activate the street edge and create stronger pedestrian connections between North Terrace and the nearby Rundle Mall retail precinct.

A key element of the proposal is the preservation of the site’s historic sandstone building, constructed in 1867 and designed by prominent colonial architects Edmund Wright, Edward John Woods, and Edward Hamilton. The building originally operated as a warehouse for the well-known Adelaide department store John Martin &amp; Co before the retailer closed in 1998.

&nbsp;

The site sits opposite several of Adelaide’s most significant cultural institutions, including the Art Gallery of South Australia, the South Australian Museum, the State Library, and the university precinct. Its location places it within a corridor that connects the city’s cultural, education, and retail destinations.

It is the second redevelopment proposal on North Terrace in recent months, with Palumbo Group set to redevelop the heritage-listed former Royal Hotel which has laid vacant for over a decade.

They are planning 211 apartments across two towers, just over a kilometre from Centurion's project.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/sa/palumbo-group-to-redevelop-kent-town-pub-into-new-apartment-development">Palumbo Group to redevelop Kent Town pub into new apartment development</a>

Centurion plots $300m triple-tower redevelopment for heritage John Martin’s warehouse on Adelaide’s North Terrace

After laying vacant for over a decade, construction is set to begin on a major residential and mixed-use development at the heritage-listed former Royal Hotel in Kent Town.

The Royal Apartments development by South Australian developer Palumbo Group will deliver 211 new dwellings across two residential towers while preserving and restoring the iconic State Heritage-listed building at 2-8 North Terrace.

<img alt="Royal Hotel" data-entity-type="file" data-entity-uuid="d48b7805-a5b0-42b8-b6bd-64ed49dfb81d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-09%20at%209.15.56%E2%80%AFAM.png?VersionId=vtrtYAaCec5nYrYiNaivmC9d9nyHAXeQ" />

<a href="https://www.apartments.com.au/new-apartments/royal-apartments-2-8-north-terrace-adelaide-sa-5000">Royal Apartments</a> will consist of a 15-level Hills Tower and a 16-level City Tower on the doorstep of the Adelaide Park Lands.

The heritage Royal Hotel building, added to the State Heritage Register in 1986, will be retained and adaptively reused as part of the development.

The development will also include ground-level retail, communal open space including a swimming pool, bicycle parking, and 235 on-site car parks.

<img alt="Royal" data-entity-type="file" data-entity-uuid="c73b6752-a574-4e4a-927d-f36df076b61a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-09%20at%209.20.41%E2%80%AFAM.png?VersionId=EcIGi.Z0ijVPTDkq8jSEFd2pzfw6ryRN" />

Providing housing for key workers is central to this development, with 20 percent of dwellings set aside for doctors, nurses, police officers and other essential workers at a 25 percent reduction of rental costs.

The project is being delivered by South Australian family-owned developer the Palumbo Group, who have over seen several high-quality residential and commercial developments across Adelaide.

Palumbo Group to redevelop Kent Town pub into new apartment development

Southwark Grounds will transform into a fully serviced inner-city neighbourhood, with South Australian developer&nbsp;Commercial &amp; General&nbsp;selected as the master developer to transform two-thirds of the former West End Brewery site.

The State Government will partner with South Australian developer Commercial &amp; General to deliver more than 1,000 homes alongside a supermarket, a childcare centre, an aged care facility and a vibrant hospitality and retail precinct at Adelaide’s newest suburb.

Commercial &amp; General will work with Renewal SA on adaptive reuse of the historic Walkerville Brew Tower, which will anchor the precinct’s public space with hospitality and retail uses.

The newly announced homes, services and amenities form part of the broader 1,300‑home Southwark Grounds development, expanding on five apartment and townhouse projects on the western side of the site announced last year, which will deliver approximately 300 new homes close to services and public transport.

Local development group Commercial &amp; General are known for landmark projects across Adelaide including Eighty‑Eight O’Connell in North Adelaide and WEST at West Lakes.

<img alt="Full vision for Southwark’s transformation revealed" data-entity-type="file" data-entity-uuid="94a4827e-3a6d-4228-85d4-1f209ffd0a00" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Southwark-Grounds-View-2-Artist-Impression.jpg?VersionId=UGDDpeG8RqUm46gmL9p2S3EhO9qUnlwO" />

Commercial &amp; General is now finalising partnerships with a selection of architects and consultants to progress detailed plans and product designs for the precinct. Built form will be delivered by Commercial &amp; General’s integrated building division, Tandem Building, with work expected to begin in 2027.&nbsp;It should take about a decade to deliver the precinct.

Early stages are anticipated to include significant apartment complexes, public parking and the redevelopment of the Walkerville Brew Tower.

Other key elements planned for delivery within the next five years include a vertical residential aged care facility and a purpose-built childcare centre, with a supermarket and supporting retail to follow soon after.

This large section of the precinct will deliver more than 1,000 homes across approximately a dozen apartment buildings, with opportunities for increased yield to be explored through increased height allowances enabled by the recently launched Southwark Grounds Code Amendment.

Commercial &amp; General will also deliver a dedicated 80-space short stay public car park to support anticipated visitor demand, in addition to parking provided within individual apartment developments.

More than 20 per cent of homes within the development area will be allocated to affordable sale or rental, meeting Renewal SA’s increased commitment to affordable housing across the precinct.

Apartment buildings will be framed by activated public thoroughfares and a series of new reserves to be delivered by Renewal SA across 2026 and 2027.

The public realm, which will comprise a minimum of 15 per cent of the overall precinct, will be anchored by a major civic space known as ‘Brewery Green’, connecting the Walkerville Brew Tower to the river.

A detailed masterplan of the precinct alongside product typologies are set to be released later this year.

The State Government has embarked on several strategic infill developments to deliver critical housing supply to South Australia at pace. The Government purchased the Port Road site from Lion Beer Wine &amp; Spirits Pty Ltd in 2023 after the closure of the brewery two years earlier and has since fast tracked the construction of the first homes, set for occupation by the end of this year.

Full vision for Southwark’s transformation revealed

Apartment developer FYVE is continuing to pad out its apartment pipeline.

Having filed an application for <a href="https://www.apartments.com.au/news/nsw/rose-bay-apartment-market-fires-up-with-200m-in-new-developments-filed">19 apartments on Dover Lane</a>, its first development in the eastern suburbs, <a href="https://www.apartments.com.au/developers/fyve">FYVE</a> is taking on another new market, this time in Northbridge, where it is planning 31 apartments on <a href="https://www.apartments.com.au/new-apartments/1-5-baringa-road-northbridge-nsw-2063">Baringa Road</a>.

<img alt="First Look: FYVE lodges plans for boutique 31-apartment project in Sydney’s Northbridge" data-entity-type="file" data-entity-uuid="a971e259-ed8e-4d08-9d3b-feacf3139684" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/1772685299976_11zon.jpg?VersionId=l1vSn6Hq1zRTHNONhD3l5rOIhlpN2G9L" />

The development, designed by&nbsp;<a href="https://www.apartments.com.au/architects/wmk-architecture">WMK Architecture</a>&nbsp;and located&nbsp;close to Northbridge Plaza and the suburb’s village centre, will span six levels above basement parking. Large balconies and terraces form a key component of the design, extending the living areas outward while maintaining connections to the surrounding landscape.

The building’s scale and articulation aim to respond to the established residential character of Northbridge while introducing contemporary architectural elements, according to the documents supplied to Willoughby Council.

&nbsp;

<img alt="First Look: FYVE lodges plans for boutique 31-apartment project in Sydney’s Northbridge" data-entity-type="file" data-entity-uuid="3502e584-a397-472f-81a2-298349b47a4b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/699c44c7039d7b9c10230b0b_Northbridge%20Option%201.png?VersionId=1U.uYIPBX7issSkMNgVen.MekKcFOLK0" />

FYVE Head of Strategy and Acquisition Aris Dimos said the Northbridge project reflects the company’s strategy of targeting tightly held locations suited to owner-occupiers.

“Following on from our recent Rose Bay acquisition, Northbridge represents a continuation of our strategy to secure well located opportunities in tightly held, established locations with strong owner-occupier appeal,” Dimos said.

“We look forward to bringing this project to life in one of the Lower North Shore’s most desirable addresses.”

&nbsp;

First Look: FYVE lodges plans for 31 apartments in Northbridge

Richmond

Embark on an exclusive journey through Richmond's vibrant landscape with Stefano Paciocco from PACASA, as he unveils the captivating story behind the iconic Park House development. Nestled atop Richmond Hill, Park House emerges as a beacon of luxury living, meticulously crafted to exceed the expectations of the discerning buyer.

&lt;p&gt;&lt;iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/YlbPDCBxCWU?si=T0hyFneobTrwt5Ji" title="YouTube video player" width="660"&gt;&lt;/iframe&gt;&lt;/p&gt;

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Richmond, often hailed as the quintessential link between North and South, beckons with its rich tapestry of culture and connectivity. Against this dynamic backdrop, PACASA identified a unique opportunity to redefine luxury living in the heart of Richmond. Park House, a culmination of vision and innovation, embodies the essence of contemporary elegance fused with timeless allure.

Discover the allure of , where every detail is thoughtfully curated to evoke a sense of urban sophistication. From its coveted location overlooking a picturesque pocket park to its unrivalled city views, Park House promises a lifestyle of unparalleled indulgence.

[smartcode_project:default project_id=110363 project_image_fid=213014]

Join Stefano Paciocco as he delves into the intricacies of Park House's design philosophy, where luxury meets functionality. Witness the evolution of buyer preferences as Stefano sheds light on the bespoke customization options embraced by Park House residents. From expansive living spaces to meticulously crafted interiors, Park House redefines the art of modern living.

Gain invaluable insights into PACASA's collaborative approach, where esteemed architects such as Cera Stribley and Freadman White converge to shape architectural masterpieces that transcend convention. Explore the symbiotic relationship between developer, architect, and builder as Stefano unveils the future of urban renewal.

[smartcode_project:default project_id=110363 project_image_fid=213026]

Experience the epitome of luxury living with Park House by PACASA. Elevate your lifestyle amidst Richmond's vibrant tapestry of culture and connectivity. Discover a sanctuary where luxury knows no bounds, and every moment is an expression of refined elegance. Welcome to Park House, where luxury meets legacy.

Unlock the door to your dream home today. Experience Park House by PACASA and redefine your notion of urban living.

Key Highlights:

<ul>
	<li>Unveiling Park House: A Journey of Luxury Living in Richmond</li>
	<li>Insights from Stefano Paciocco: The Visionary Behind Park House</li>
	<li>The Evolution of Urban Living: Customization and Design Trends</li>
	<li>Collaborative Excellence: Architectural Marvels by Cera Stribley and Freadman White</li>
	<li>Embrace Luxury Living: Park House by PACASA Awaits</li>
</ul>

Experience the epitome of luxury living with Park House by PACASA. Elevate your lifestyle amidst Richmond's vibrant tapestry of culture and connectivity. Discover a sanctuary where luxury knows no bounds, and every moment is an expression of refined elegance. Welcome to Park House, where luxury meets legacy.

[smartcode_project_cta:default project_id=110363]

[smartcode_project:default project_id=110363 project_image_fid=213016]

Discover the luxurious Park House by PACASA, as Stefano Paciocco shares insights into this prestigious Richmond development. Learn how PACASA collaborates with renowned architects like Cera Stribley and Freadman White to craft bespoke residences. Experience urban renewal at its finest with PACASA's commitment to excellence.

Michael Bird

Park House by PACASA: How Stefano Paciocco of PACASA is Redefining Richmond's Urban Landscape

Boutique Melbourne apartment developer PACASA, in collaboration with Cera Stribley Architects, has had quick-fire success at it's recently launched Richmond project, Park House.

There's only 14 apartments and townhouses to choose from in the five-level Church Street building, which sits in a unique pocket at the base of Richmond Hill.&nbsp;Every building to the west of Park House is single-level heritage, so the views back to the city can't be built out.

PACASA Director Stefano Paciocco said that whilst Richmond locals have flocked to the development, it’s also generating significant interest from Melbourne’s upmarket eastern suburbs.

“We’ve had a lot of enquiry from downsizers who live in the likes of Malvern, Glen Iris, Hawthorn, Kew, but the &nbsp;Richmond locals have loved it most.

"They love the area and know what it's about, but they've not really had anything suitable to buy into before Park House."

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Paciocco says buyers have responded to both the project and the location.

"There's higher density to the northern end of Church Street, but we've found a niche on Richmond Hill where buyers know new projects are a rarity."

While Paciocco admits being in the Richmond Hill area comes with its planning challenges, the uniqueness of the product is driving their sales rates to $18,000 per sqm, a figure not often, if ever, seen in Richmond before.

The two-bedroom apartments in Park House are priced at $1.2 million and have nearly 100 sqm of living area. The three-bedroom apartments are priced from $1.65 million. The crowning jewel is the four-bedroom, 396 sqm penthouse. There's also three-bedroom apartments with their own private rooftop terraces with optional spa upgrade.

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The development will be anchored by two commercial spaces, which are likely to home an upmarket hospitality venue or a showroom.

Prominent Melbourne architect Cera Stribley has designed the building, with the brief from PACASA to pay homage to the timeless grandeur of Richmond's Victorian-era architecture, while blending heritage with contemporary living.

"Richmond is known for its Victorian era terrace houses, with rows of narrow sites infilled with brick cottages the common vernacular," the architecture firm said.

"At a streetscape level, these narrow lots have created strong repetition that becomes punctuated with subtle details from the period, such as iron lattice work and arched windows.

"The façade of Park House seeks to borrow from this language, referencing the narrow lots of the area in a façade based around finely gridded proportions. This association is further strengthened using brick as the primary material, complimented with metal details.

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"The Richmond palette is one of brick and urban gardens, with every open space heavily used by the community. The tinted concrete façade seeks to blend into the architecture already in place across Richmond, with planter boxes across the podium offering another layer of character to each apartment and bringing landscape into the otherwise commercial streetscape of bridge road."

PACASA are hoping to start construction on Park House, which is targeting a 7.5 star NatHERS energy rating, later this year.

They already have their sights set on their next project, a similarly boutique block in Collingwood.&nbsp;

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PACASA Director Stefano Paciocco said, while they've had significant interest from Melbourne's eastern suburbs, it's been Richmond locals who have dominated the purchases so far

Locals drive sales at PACASA's recently launched Richmond apartment development, Park House

Construction is set to begin soon on MATTONE, a townhouse development in Richmond by developer CADRE that promises to redefine sustainable living.

CADRE are committing to a fossil fuel-free lifestyle at MATTONE, with each townhouse set to be completely free of gas, ensuring a clean and sustainable living environment.

The exclusive collection of just 10 townhouses at MATTONE have been designed by renowned architects MAArchitects, known for their innovative and aesthetically-pleasing designs.

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Energy efficiency is a top priority, with an impressive 7.9-star energy rating. The homes are nearly 100 per cent more energy-efficient than conventional constructions. Such energy performance translates into tangible savings, with residents projected to enjoy up to a 45 per cent reduction in their energy bills, benefitting not only the homeowners' but also the environment.&nbsp;

CADRE's commitment to sustainability extends beyond the individual homes. By implementing thermally broken windows and reducing heat transfer, MATTONE will reduce household CO2 emissions by up to 30 tonnes annually. This is equivalent to planting 1,500 trees each year, making a significant positive impact on the environment.

Furthermore, the reduced energy costs for heating and cooling in these homes are 500 per cent less than in an equivalent Victorian Terrace.

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MATTONE embraces the power of solar energy, equipping each townhouse with individual solar panels. The panels not only reduce reliance on traditional energy sources but also enable residents to take advantage of renewable energy. The development also includes provisions for electric vehicle charging, aligning with the growing trend toward sustainable transportation.

To further reassure homeowners, CADRE is also offering a generous 10-year building warranty.

Aside from their eco-friendly features, MATTONE features up to three-metre high ceilings and Miele electric appliances in the stone kitchen.

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The open plan floorplans boast natural light in abundance, thanks to full-height external windows and doors, with the thermally broken, double glazed windows reducing heat transfer during both summer and winter.

The development is situated in the heart of Richmond, offering easy access to public transport links and a short stroll to Melbourne's finest cafes, restaurants, and bars. Residents will enjoy the vibrant city lifestyle while also relishing the tranquility of their private outdoor areas, ideal for entertaining or simply unwinding.

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The exclusive collection of just 10 townhouses at MATTONE have been designed by renowned architects MAArchitects, known for their innovative and aesthetically-pleasing designs

alisonwarters@gmail.com

MATTONE by CADRE to redefine sustainable townhouse living in Richmond

Gramercy Terraces may be centrally located in the eastern pocket of Richmond, but Developer Lendlease have drawn its inspiration from New York to create the residential development.&nbsp;

Not just a name, but a word synonymous with music greats and a grand Manhattan hotel with an inspiring rooftop terrace vibe, Gramercy is also the name of an independent record label, as well as New York’s Gramercy Park Hotel, which has played host to music legends from Bob Dylan to Bob Marley and features a notable rooftop terrace perfect for inspiring alfresco entertaining.&nbsp;

“With the rich on-site musical history of our own Gramercy Terraces, the nod to music legends, alfresco entertaining and grand luxury was the perfect composition,” the group say.&nbsp;

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Gramercy Terraces will deliver a collection of just 31 three and four-level, individually titled three and four-bedroom townhouses.

The development presents the final opportunity to own a rare freehold property within the heritage precinct on Bendigo Street, which was home to the former ‘Studio Nine’ as well as once being the site of the Wertheim Piano Factory.&nbsp;

Gramercy Terraces offer a sanctuary within the inner-city, with light filled stairwells that cascade natural light and spacious individual rooftop terraces with city views.

Construction on stage one of the project is progressing well, says Lendlease, with Balmain &amp; CO continuing to impress with their attention to detail.&nbsp;

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The final release of three-bedroom residences are currently selling, spanning from 222 sqm, with each buyer given a complimentary Interior Decoration Service by Coco Republic and a 15 per cent discount across their furniture and homewares range.

Future residents will benefit from amenities on their doorstep, sitting within close proximity to restaurants, cafes and boutiques on Swan Street and easy connection to the rest of the city from Burnley Station.

The precinct will also target a 6-star Green Star Communities rating from the Green Building Council of Australia, representing a world standard in sustainable design.

Gramercy Terraces will be joined in the precinct by Ardency Kennedy Place, Lendlease’s five-star luxury retirement living community, a new onsite café and provedore and the existing Richmond Community Learning Centre.

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Gramercy Terraces draws inspiration from New York rooftop terraces for its design

The inner-city development, Gramercy Terraces has hit 50 per cent sold.&nbsp;

The terraces are part of the boutique offering for Lendlease Retirement Living, forming part of the broader intergenerational living precinct in Melbourne’s inner-city, on the well-known Bendigo and Khartoum streets in Richmond.

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Upon completion the project will comprise 31 three and four level, three and four-bedroom freehold terrace homes, complete with full voids that maximise natural light, some with backyards and rooftop terraces with city views.

A lot of the new homes were snapped up before construction even began, however a number of three-bed terraces are still available in the development.&nbsp;

The development has attracted a strong mix of owner-occupiers and downsizers seeking the dynamic inner-urban lifestyle that Gramercy Terraces offers.

Lendlease said they had also seen an uptake in stock from young families, with many drawn to the convenience and locality of Gramercy Terraces.&nbsp;&nbsp;

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“Purposefully designed with families, couples, downsizers and investors in mind, we have seen a strong demand for this product to date with only 15 terraces now remaining,” a Lendlease spokesperson said.

Gramercy Terrace adds the residential component of Lendlease’s intergenerational living precinct, which neighbours Ardency Kennedy Place - Lendlease’s five-star luxury retirement living community currently under construction.

A new onsite café and provedore and the existing Richmond Community Learning Centre will also sit alongside Gramercy Terraces in the precinct, with future residents benefitting from amenities on their doorstep.&nbsp;

Residents will be within close proximity to a number of trendy restaurants, cafes and boutiques which take up shop along the bustling Swan Street, while also maintaining easy connection to the rest of the city from Burnley Station.&nbsp;

The architectural design draws inspiration from the iconic Federation-era red brick of Bendigo Street and pays homage to the former site of the Nine Network studio and the Wertheim Piano factory, Victoria's first piano factory.

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Construction of the final residences began in the first half of this year, with future residents expecting to move in by late 2023.&nbsp;

The residences are priced from $1.85 million, with floor plans ranging from 193 sqm to 215 sqm, with individual balconies and generously-sized rooftop terraces.&nbsp;

Prospective buyers can even check out the Gramercy Terraces display which is open by appointment seven days a week.

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A lot of the new homes were snapped up before construction even began, however a number of three-bed terraces are still available in the development. 

Gramercy Terraces hits 50 percent sold in the leafy east pocket of Richmond

The bustling inner Melbourne suburb of Richmond is set for a boutique $2.4 million apartment project.

A local development firm has&nbsp;submitted plans to the Yarra City Council&nbsp;for&nbsp;a seven-storey residential building homing&nbsp;just nine apartments.

Designed by Katsifolis Architects, the residences will comprise one studio apartment, six two-bed and two three-bedroom apartments, each with private generously-sized balconies.

&quot;The surrounding Richmond area is currently undergoing a transition from traditionally commercial and industrial land use to a mixed-use urban fabric, with the proposal seeking to fit in with the future urban context, while still maintaining a form that bodes with the current landscape,&quot;&nbsp;Katsifolis noted in their submission.

<img alt="" height="544" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-04-21_at_11.22.18_pm.png" width="1130" />

The light court extending up the eastern side of the building provides cross flow ventilation, sunlight and a private open space for the ground floor apartment, integrating reflective mirrors on the rooftop level to provide additional sunlight to the lower levels, which is a common architectural feature seen across European countries, in higher density urban environments.

The proposal includes a landscaped communal rooftop, adding further residential amenity, split in to two sections.

The northern section encompasses 51 sqm of space and is designated for the use of residents in apartments one through seven. The southern section of the rooftop spans 29 sqm and is exclusively for the residents of apartments eight and nine.

Each terrace is provided with a communal barbecue area, sheltered by a cantilevered roof form, with planter boxes for residents&rsquo; food production, all surrounded by architectural landscaping

The Environmentally Sustainable Design report by SBE Melbourne says the&nbsp;project is a well-conceived example of sustainable inner urban development.&quot;

<img alt="" height="776" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-04-21_at_11.21.56_pm.png" width="624" />

The town planning report by Human Habitat said the proposal considers a residential apartment building of high architectural quality, a high level of internal amenity, and has limited potential for adverse amenity impacts to surrounding properties.

&quot;The proposal seeks to provide higher densities of housing in appropriate location and offer a mix of dwelling sizes and types,&quot; it noted.

&quot;The contemporary architectural-style complements the surrounding area and will provide a benchmark for future development in York Street and the surrounds.

&quot;The building includes innovative implementation of international design techniques such as the use of angled mirrors to provide grater sunlight access to lower levels.&quot;

First look: Richmond set for new boutique apartment development

The national development giant, Lendlease, has released the final stage of Gramercy Terraces, the in demand Richmond project located on&nbsp;the historic site of the former Studio Nine&nbsp;precinct.

Gramercy Terraces, designed by Bates Smart, comprises just 31 three and four-level, individually titled three-bedroom residences, each with dedicated car spaces.

Inspired by the precinct&rsquo;s rich heritage, Gramercy Terraces offer a sanctuary within the inner city with light filled atriums that cascade natural light and spacious individual rooftop terraces with city views.

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With only 15 residences remaining, the second and final stage of Gramercy Terraces will complete the residential component of Lendlease&rsquo;s broader intergenerational living precinct in Melbourne&rsquo;s inner-city.

&ldquo;Gramercy Terraces are the residential component of our intergenerational living precinct in Richmond and allow residents to embrace the vibrancy and pace of an urban lifestyle while promoting diversity and connection across generations within the local community,&rdquo; a Lendlease&rsquo;s spokesperson said.

&ldquo;Purposefully designed with families, couples, down sizers and investors in mind, we have seen a strong demand for this product to date with only 15 terraces now remaining.&quot;

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The architectural design of Gramercy Terraces draws inspiration from the iconic Federation-era red brick of Bendigo Street and pays homage to the former site of the Nine Network studio and the Wertheim Piano factory, Victoria&#39;s first piano factory.

Construction of the final residences will start in the first half of this year and future residents can expect to move in following completion in late 2023.

Gramercy Terraces will be joined in the precinct by Ardency Kennedy Place, Lendlease&rsquo;s five-star luxury retirement living community, a new onsite caf&eacute; and provedore and the existing Richmond Community Learning Centre.

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Future residents will benefit from amenities on their doorstop and close proximity to restaurants, cafes and boutiques on Swan Street and easy connection to the rest of the city from Burnley Station. The precinct will target a 6 Star Green Star Communities rating from the Green Building Council of Australia, representing a world standard in sustainable design.

Gramercy Terraces are priced from $1.85 million, and residences range from 193 sqm to 215 sqm with individual balconies and spacious rooftop terraces.

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Developed by Lendlease, Gramercy Terraces comprises 31 three and four level individually titled three-bedroom residences with dedicated car spaces.

Lendlease release Gramercy Terraces, Richmond, final stage

Lendlease Retirement Living has marked the launch of Gramercy Terraces in Richmond with a sod-turn and smoking ceremony.

Gramercy Terraces are part of a new boutique offering for Lendlease Retirement Living and will form part of the broader intergenerational living precinct in Melbourne&rsquo;s inner-city, on the well-known Bendigo and Khartoum streets in Richmond.

Developed by Lendlease and built by Balmain &amp; Co, Gramercy Terraces comprise 31 three-level, three-to-four-bedroom freehold terrace homes, complete with full voids that maximise&nbsp;natural light, along with backyards and rooftop terraces with city views.

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Nathan Cockerill, Managing Director of Retirement Living at Lendlease, said Gramercy Terraces represent&nbsp;a new product offering for Lendlease Retirement Living.

&quot;They add the residential component of our intergenerational living precinct in Richmond and will neighbour Ardency Kennedy Place, our luxury, independent retirement living community currently under construction, and a future aged care site is also planned to offer a continuum of care for residents as their needs increase,&quot; Cockerill said.

&ldquo;Purposefully designed with families, downsizers and investors in mind, the new offer is proving popular with the first stage nearly sold out and the final stage set to launch early next year.&rdquo;

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The new homes form the residential component of the precinct and will neighbour Ardency Kennedy Place, Lendlease&rsquo;s five-star luxury retirement living community currently under construction.

The Bates Smart architectural design draws inspiration from the iconic Federation-era red brick of Bendigo Street and pays homage to the former site of the Nine Network studio and the Wertheim Piano factory, Victoria&#39;s first piano factory.

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The precinct will target a 6 Star Green Star Communities rating from the Green Building Council of Australia, representing a world standard in sustainable design.

Gramercy Terraces&rsquo; urban location boasts walkability and transit scores stemming from its prime location within walking distance to the Yarra River and the tram and train services of Swan Street and Bridge Road.

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Nathan Cockerill, Managing Director of Retirement Living at Lendlease, said Gramercy Terraces represent a new product offering for Lendlease Retirement Living

Lendlease to begin building Gramercy Terraces, on the former Richmond site of the Nine Network studio

Time Out&#39;s annual list of the 49 coolest neighbourhoods in the world, ranks the Melbourne suburb of Richmond as tenth on the list.&nbsp;

Richmond is the best-performing Australian suburb on the list, beating out Sydney&#39;s Surry Hills at 19.&nbsp;

The rankings were based on the Time Out Index survey, which this year polled 27,000 city-dwellers on what they loved and loathed about where they live.&nbsp;

Time Out&#39;s panel of experts then ranked the suburbs, noting key aspects including food, drink, nightlife and suburban culture.

&quot;Judges paid particular attention to how communities have been looking after each other, as well as their green credentials as we tackle the climate crisis that affect us all,&quot; said Time Out editorial director Cassidy Knowlton.

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&quot;Richmond is a close-knit community,&quot; she noted.

Recent apartment offerings include the boutique Richmond townhouse project, Gramercy Terraces at the site of the former Nine Network studio in Bendigo Street, Richmond.&nbsp;

Lendlease released three and four bedroom freehold townhouse, designed by architects Bates Smart priced from $1.85 million in April.&nbsp;

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The Degroup Property Development founded by Colin DeLutis in 1973, saw its Sprout Richmond development sell out earlier this year. It was 15 townhouses set to achieve a 6.7star NatHERS rating, translating to a reduced carbon footprint and cost savings on energy bills at 62 Glass Street.

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Apartments remain for sale at TWO51 on Swan, with a grand lobby rich with gold detailing and art deco opulence, set back off Richmond&#39;s bustling Swan Street.&nbsp;

The Blueprint Projects development has been architecturally designed by Watson Young Architects, with a collection of 28 two, three and four bedroom residences.

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Another project, with a 2022 completion date, and with prices from $1.35 million, is the Shelley St development which will feature nine townhouses with two and three bedrooms across three floors.

Private and spacious rooftop courtyards and street facing garden entrances create a special sense of home with a dedication to greenery and tranquil outdoor spaces at the project designed by DKO Architecture and SLAB.

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Time Out has ranked Richmond 10th on its annual list of the coolest neighbourhoods in the world

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Current buying opportunities in Richmond, Time Out's 10th coolest neighbourhood

A Melbourne investor has paid $8.3 million for a 685 sqm site in Richmond.

Selling agent George Takis said the property had attracted a strong field of suitors, including developers, investors and owner-occupiers, based on the location and the significant development potential.

The Commercial 1 zoned 703 square metre site has frontages of 20 metres to Bridge Road and 33 metres to Gleadell Street.

A proposed subdivision had been prepared but not lodged with the local council while a preliminary scheme for a 14 level apartment building had been provided by Rbi Architects.

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But an investor &nbsp;with the intention to occupy the premises at the conclusion of the current leases secured the offering paying what is believed to be a record low passing yield of just 1.22 per cent.

According to Teska Carson agents George Takis and Larry Takis, the property sold on a massive land rate of $11,806 a square metre.

The property comprises a two storey, 685 square metre, retail building which has been refurbished and internally subdivided to provide two self-contained tenancies which are occupied on a five year lease from October 2018 by Australia Post and on a monthly lease basis to NAB for a combined annual return of circa $285,000.&nbsp;

A Melbourne investor has paid $8.3 million for the Bridge Road site

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