<a href="https://www.apartments.com.au/developers/far-east-consortium">Far East Consortium</a> is preparing to commence construction on <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> this October, marking the next milestone for the Melbourne CBD development and its higher-end Eliza Collection.

Spanning levels 44 to 68 of the 68-storey <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed tower, the Eliza Collection has been conceived as a lower-density offering within the broader development, with only five apartments on each floor, dedicated lift access and a collection of resident spaces reserved exclusively for Eliza Collection residents.

The Eliza Collection forms part of Far East Consortium's broader move toward larger-format residences at 640 Bourke Street, where the number of apartments was reduced from earlier plans as apartment sizes increased.

[smartcode_project:default project_id=509 project_image_fid=365685]

"What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Far East Consortium Director of Sales and Marketing Lauren Sheldon said.

Rothelowman Associate Jun Chang said the design process provided an opportunity to create more generous floorplans.

"We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."

[smartcode_project:default project_id=509 project_image_fid=368869]

That thinking carries through to the Eliza Collection, where the residences have been designed around the space and functionality associated with a larger home, but positioned high above the centre of Melbourne.

Kitchens are equipped with Gaggenau appliances, a butler's pantry, temperature-controlled wine cabinet and sculptural pendant lighting, while engineered timber flooring, stone and porcelain finishes and custom cabinetry feature throughout the broader interiors.

Privacy and security are another point of distinction. Eliza Collection residents have dedicated lift access, while 640 Bourke Street will provide concierge services and secure resident parking. Short-stay accommodation, including Airbnb, will not be permitted within the development.

[smartcode_project:default project_id=509 project_image_fid=365689]

Eliza Collection residents will also have exclusive access to selected amenity spaces across levels one and three of the restored Eliza Tinsley building. These include the Salon with grand piano, an art therapy room, private dining rooms and treatment rooms.

They sit within more than 3,000 sqm of amenity planned across 640 Bourke Street, alongside facilities including a pool, gym, whisky lounge and further social and wellness spaces.

The Eliza Tinsley building itself is central to the wider project's identity. Rather than treating the existing Eliza Tinsley façade as a separate element, Rothelowman used it as a starting point for the architecture of the new tower, with the historic building to accommodate the project's gallery and lobby.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

[smartcode_project:default project_id=509 project_image_fid=368872]

The tower will rise behind the retained heritage building at 640 Bourke Street, placing residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market and the Docklands waterfront.

With construction scheduled to begin in October, Far East Consortium has established an onsite display gallery at 640 Bourke Street, including fully built apartments that allow the project's layouts, materials and finishes to be inspected at full scale.

A fully built Eliza Collection apartment is also available to view at the display suite by appointment ahead of the planned October construction commencement.

Eligible purchasers who buy before construction commences can secure the full available off-the-plan stamp duty savings, subject to eligibility and applicable conditions.

[smartcode_project_cta:default project_id=509]

Joel Robinson

Far East Consortium brings Eliza Collection to 640 Bourke Street ahead of October construction start

By the time S&amp;S Projects began planning <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia</a>, the developer already had three Rainbow Bay projects from which to draw.

Flow, Awaken and Esprit had given <a href="https://www.apartments.com.au/developers/ss-projects">S&amp;S Projects</a> experience developing in the southern Gold Coast enclave, as well as buyer feedback that could be carried into its fourth project, a boutique collection of 38 residences at 271 Boundary Street.

“We have experienced a lot of success in this location and as this was our fourth building we had taken all of the learnings and buyer feedback from previous projects to arrive at a design and apartment mix that we believe had captured all of that experience and remained a true S&amp;S Project in its design and amenity,” the developer said.

That experience has translated into a collection of two, three, four and five-bedroom residences including two penthouses positioned on an elevated corner in Rainbow Bay, where the site opens to multiple coastal view corridors and the area's distinctive north-facing bay.

[smartcode_project:default project_id=140491 project_image_fid=284542]

S&amp;S Projects says the Boundary Street site took years to assemble, having previously comprised six units, a house and a duplex. The developer worked individually with the existing owners to bring the properties together after an earlier attempt to sell the site had been complicated by the number of parties involved.

“We are constantly looking for properties that meet our brand standards of location, views, and sites that are rare with unique aspects that we can develop to maximise the lifestyle of residents who live in our buildings,” S&amp;S Projects said.

The Boundary Street site gave <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a> a different set of conditions to work with.&nbsp;

“Our design brief was to design a building that took advantage of its unique elevated corner siting offering a range of spectacular view corridor opportunities,” Cottee Parker said.

“The design had to reinforce the strong brand pillars of S&amp;S which are quality, luxury and superior resident amenity.”

[smartcode_project:default project_id=140491 project_image_fid=284543]

Cottee Parker responded with a sculptural floorplate and strong horizontal banding, with continuous balconies and landscaped planters wrapping the building. Operable screens along the balcony edges allow residents to manage light and shade while creating an additional layer of pattern across the facade.

The tower rises above a heavily landscaped podium incorporating the entry lobby and recreational level, while the broader architectural expression takes cues from Rainbow Bay's coastal environment through its organic forms and light material palette.

Cottee Parker says the design has also been developed to complement S&amp;S Projects’ three previous Rainbow Bay developments while retaining its own architectural identity.

Inside, the residences continue that coastal response through two interior schemes centred on warm timbers and neutral tones, alongside patterned natural stone and fluted detailing.

Floor-to-ceiling sliding glass doors connect open-plan living areas to wraparound balconies, while natural stone is used across benchtops, splashbacks and bathroom walls. Specifications also include light-washed timber flooring, gas fireplaces, integrated bar and wine fridges, freestanding stone baths and 100 per cent wool carpet.

[smartcode_project:default project_id=140491 project_image_fid=284559]

Cottee Parker Director Sandra Brown said the intention was to create an architectural response closely connected to its surroundings.

“Imagine architecture that breathes with the rhythm of nature, where every curve and line flows seamlessly – creating spaces that dance with the elements, where sunlight kisses every surface and the gentle sea breeze fills every space,” Brown said.

The lessons S&amp;S Projects carried into Radia also extend to its resident amenity, with a substantial collection of shared facilities planned for just 38 residences.

A dedicated Residents Club will include a lap pool and spa, gymnasium, ice bath, sauna, steam room and hot rocks sauna. A residents' lounge, private dining room, outdoor dining and barbecue area and business centre are also planned, along with storage and dedicated surfboard and beach lockers.

S&amp;S Projects Founding Director Paul Gedoun said the facilities were also designed around the project's Rainbow Bay setting.

“Each amenity is designed to capitalise on the lifestyle of Rainbow Bay, ensuring residents can enjoy the relaxed coastal experience the enclave is famous for,” Gedoun said.

[smartcode_project:default project_id=140491 project_image_fid=284555]

<a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a> says purchasers to date have predominantly included local downsizers, interstate lifestyle investors and families, alongside a strong contingent of repeat S&amp;S purchasers.&nbsp;

According to the project sales team, feedback has centred on the natural stone and joinery, generous floorplans, natural light and the ability for residences to capture views in multiple directions. The completed Flow, Awaken and Esprit developments have also provided prospective purchasers with an existing reference point for S&amp;S Projects' delivery in Rainbow Bay.

There has also been interest from high-profile surfers and people connected to the surf community, with the elevated building providing outlooks towards several of the area's recognised surf breaks.

Radia continues S&amp;S Projects' concentration of development in a tightly held part of the southern Gold Coast, close to Rainbow Bay Beach, Snapper Rocks, Duranbah Beach, Greenmount Beach and the Tweed River. The neighbourhood also includes a growing collection of hospitality venues, while Coolangatta Airport provides connections beyond the southern Gold Coast.

Hutchinson Builders is now delivering Radia, continuing the project from early works privately funded by S&amp;S Projects. The $250 million development is expected to reach completion in the third quarter of 2027.

“With our history in Rainbow Bay, we have been fortunate to be heavily involved in how the development landscape has unfolded and this project slides into the property landscape comfortably and will feel like it was always there,” the developer said.

[smartcode_project_cta:default project_id=140491]

How three Rainbow Bay projects shaped S&S Projects' fourth, Radia

Nearly 40 years after <a href="https://www.apartments.com.au/developers/sheida-group">The Sheida Group</a> began working on the northern Gold Coast, the family-owned developer is continuing its involvement in Hope Island with Marina Point Apartments, where apartment scale has been a central part of the development.

Across the 235-apartment waterfront community, the developer has prioritised larger floorplans, substantial open space and marina access, responding to a purchaser base that has predominantly comprised local owner-occupiers and downsizers moving from larger homes.

"Having already delivered Anchorage nearby, we also understood this particular market and how people live here," developer Rick Sheida said.

"<a href="https://www.apartments.com.au/new-apartments/marina-point-apartments-hope-island-66-view-line-terrace-hope-island-qld-4212">Marina Point&nbsp;Apartments</a> gave us the opportunity to build on those lessons and create the next evolution of our work in Hope Island."

[smartcode_project:default project_id=136992 project_image_fid=293151]

The Sheida Group acquired the Marina Point land around 2018. Its appeal, Sheida says, went beyond having a waterfront address.

"What attracted us was not simply that the site was waterfront, but the way it meets the water," he said.

"It sits at the junction of broad waterways, creating long sightlines, changing views and a sense of movement throughout the day. Its shape also allowed us to orient the buildings outward, improve privacy between residences and make better use of natural light and breezes."

The buildings have subsequently been positioned around the perimeter of the site, allowing most apartments to take in water views while others look across the resort amenity or hinterland. Once all four buildings are complete, approximately one hectare of the site is expected to remain as open space.

The waterfront also provides the potential for up to 50 marina berths, with berths ranging from 15 to 24 metres and options designed to accommodate wider vessels including catamarans. Access from the marina to the Gold Coast Seaway is bridge-free.

[smartcode_project:default project_id=136992 project_image_fid=293149]

The developer says purchasers to date have predominantly been owner-occupiers and downsizers from <a href="https://www.apartments.com.au/new-apartments/marina-point-apartments-hope-island-66-view-line-terrace-hope-island-qld-4212">Hope Island</a> and elsewhere on the Gold Coast, generally aged between 45 and 70. Many have sold larger family homes or properties requiring significant upkeep.

That purchaser profile informed a design brief centred on retaining the space and functionality of a larger home within an apartment format.

"Many of our buyers are coming from large, well-appointed homes in Sanctuary Cove and the surrounding area," the project team said.

"They are accustomed to generous spaces and thoughtful design, so it was important that the apartments delivered the same sense of comfort and functionality.

"Every room needed to feel well proportioned, every space needed a clear purpose and nothing could feel compromised."

Residences range from 139 sqm through to 319 sqm penthouses, with two car spaces provided to apartments and three to penthouses. Minimum 2.7-metre ceilings, floor-to-ceiling glazing, entertainer's kitchens with butler's pantries, substantial storage and balconies ranging from 18 sqm to 37 sqm further reflect the emphasis on space.

One purchaser from Sanctuary Cove has taken the concept further, combining two of Marina Point's largest apartments to create a 552 sqm residence with raked ceilings reaching up to 4.5 metres.

[smartcode_project:default project_id=136992 project_image_fid=293155]

With Building 1 now complete, the developer is also seeing its original design assumptions tested against purchaser feedback.

Three completed display residences allow prospective purchasers to compare apartment sizes, layouts, finishes and outlooks in person. The sales team says one of the most consistent responses has been to the scale of the apartments, with visitors describing them as feeling more like homes than conventional apartments.

The first stage of resident amenity is also operational, including a 25-metre heated lap pool, Technogym-equipped gym, infrared sauna, golf simulator and yoga room. Future facilities are set to include a resort-style pool and spa, waterfront barbecue area and a residents' lounge with a library, fireplace, pool table, kitchen and bar.

Rather than treating the four buildings independently, the design brief called for a complete waterfront neighbourhood, balancing private residences with landscaping, open space, marina access and shared amenity.

[smartcode_project:default project_id=136992 project_image_fid=293152]

For Sheida, Marina Point Apartments is ultimately an extension of the developer's longer-term involvement in Hope Island and its view of how the suburb is evolving.

"We were equally interested in the long-term future of Hope Island," he said.

"Its position between Brisbane and the central Gold Coast gives residents access to both, while improving transport connections are making the northern Gold Coast increasingly attractive as a permanent place to live."

Hope Island Marketplace is 1.3 kilometres from Marina Point, while Sanctuary Cove and Paradise Point are within six kilometres. Links Hope Island, The Pines and The Palms golf courses are also nearby, and the new Hope Island train station is under construction around five kilometres from the development.

Building 2 is under construction, with completion scheduled for 2027.

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Marina Point Apartments continues The Sheida Group's 40-year Hope Island story

Sydney-based fund manager and developer EG is seeking to turn part of the former Roche pharmaceutical campus in Cromer into a 130-home residential community, introducing a mix of low-rise apartments, townhouses and duplexes to the tightly held Northern Beaches market.

The SJB-designed masterplan has been prepared for the 3.2-hectare site at <a href="https://www.apartments.com.au/new-apartments/100-south-creek-road-cromer-nsw-2099">100 South Creek Road</a>, part of the former Roche landholding that EG acquired for $55 million in 2017 through its Yield Plus Infrastructure Fund No. 2.

EG is proposing what SJB describes as a new "urban village" set within the site's significant existing tree canopy.

<img alt="Cromer" data-entity-type="file" data-entity-uuid="482c9a58-49f1-4c53-a12e-aaa02336229f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-24%20at%2011.20.57%E2%80%AFAM.png?VersionId=hZP8_XfPnfNq500dbcjlpVwYU1ebhF9_" />

Around three hectares of the site is considered developable, with the balance incorporating a riparian corridor that would be rehabilitated and revegetated as part of the proposal.

The indicative masterplan comprises approximately 72 apartments in low-rise residential buildings and another 58 townhouses and duplexes.

The apartment component would include around five one-bedroom, 37 two-bedroom and 30 three-bedroom residences, while the townhouse and duplex component would be spread across several different housing typologies. The overall scheme would deliver around 19,500 sqm of gross floor area at an FSR of 0.6:1.

Parking for the apartment component is currently estimated at around 112 resident spaces and 14 visitor spaces, while the townhouse and duplex component would have 116 resident and 12 visitor spaces.

A significant part of the masterplan revolves around retaining the established landscape character of the former Roche campus.

SJB's plans show heavily treed setbacks along both Campbell Avenue and South Creek Road, a centrally located collection of significant native and exotic trees retained as communal open space, and the regeneration of the northern bushland area.

The existing creek corridor along the site's western edge would also be rehabilitated and revegetated, creating additional separation between the new homes and the neighbouring Northern Beaches Business Park.

A heritage-listed cottage and its garden setting would be retained and restored, with SJB flagging its potential adaptive reuse as communal space.

The proposal also includes new communal recreation areas, pedestrian connections to Campbell Avenue and South Creek Road, and a contribution toward improvements to the adjoining Michele Reserve.

Vehicular access would be restricted to South Creek Road, with no vehicle entry proposed from Campbell Avenue. The main internal road would largely follow the site's existing driveway to minimise the impact on established trees.

SJB said residential redevelopment presented an opportunity to retain the majority of the site's heritage-listed mature trees while delivering a broader range of housing types than typically seen across the Northern Beaches.

"The site being 3.27 hectares in area represents one of the largest vacant sites in common ownership in the Cromer and Dee Why area capable of residential renewal," SJB noted in the masterplan.

The architect said the proposal would particularly target housing diversity through townhouses and other "missing middle" typologies suitable for singles, young families, downsizers and retirees.

<img alt="Cromer" data-entity-type="file" data-entity-uuid="e3f5d841-8491-427e-8ada-c70d3d03d6bc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-24%20at%2011.21.02%E2%80%AFAM.png?VersionId=xTV7r.q8lrTzC9vKzMS9zMbjm9wKwhgm" />

The site emerged following the subdivision of the former Roche campus into eastern and western parcels.

EG has already transformed the western portion into the Northern Beaches Business Park, which incorporates heritage-listed office space, modern warehouses and indoor recreation facilities.

The proposed residential community, referred to as Cromer East in SJB's plans, adjoins established housing to the north, east and south-east, while the business park sits beyond the creek corridor to the west.

It is also within 250 metres of Pittwater House School and Northern Beaches Secondary College, while bus stops within a three-to-five-minute walk provide connections to Dee Why, Brookvale and express services to the Sydney CBD. Cromer Park and the South Creek open space corridor are also nearby.

EG acquired the broader 7.5-hectare former Roche campus in 2017 for $55 million through its Yield Plus Infrastructure Fund No. 2. The campus at the time comprised more than 25,000 sqm of industrial and office buildings set within landscaped grounds.

The current residential site represents the eastern portion of that original holding.

EG's investment strategy for the fund has centred on acquiring income-producing real estate with longer-term rezoning and repositioning potential, particularly assets benefiting from infrastructure and changing land-use patterns.

EG also has an established residential track record across Sydney, including Bosco in Five Dock, Tempo in Drummoyne, The Flour Mill in Summer Hill and Pindari in Randwick.

The developer says it has delivered more than 1,000 homes to date, with a further 3,000-plus residences across its development pipeline.

First look: EG plans 130 apartments on former Roche pharmaceutical campus in Cromer

<a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> has lodged plans for a $750 million, three-tower mixed-use precinct that would complete the long-running redevelopment of Carlton's former Carlton United Breweries site.

The proposal at <a href="https://www.apartments.com.au/new-apartments/185-195-queensberry-street-carlton-vic-3053">46-78 Bouverie Street and 185-195 Queensberry Street</a> spans a 6,468 sqm site, the last remaining undeveloped parcels within the former brewery's 2007 masterplan.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the development will comprise two purpose-built student accommodation towers and a third build-to-sell apartment tower above a shared commercial podium and basement.

Across the three towers, SP Setia is proposing 606 build-to-sell apartments and 1,499 student accommodation units containing 2,009 beds.

The apartments will sit in the tallest tower, which will rise nearly 200m and 55 storeys. It will become&nbsp;one of the more substantial new build-to-sell apartment projects at the northern edge of Melbourne's CBD.

The apartment mix is weighted toward smaller inner-city product, with 188 studios, 206 one-bedroom apartments, 192 two-bedroom apartments and 20 three-bedroom apartments

<img alt="First look: SP Setia plans three-tower finale for Carlton’s former CUB precinct" data-entity-type="file" data-entity-uuid="8271bc87-1b0a-41b7-ac73-a425ee375261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3_2.png?VersionId=G4lw23o90B1boX4k4dj7rdz2ZEajS9wy" />

Part of the precinct will be a large-scale&nbsp;3,684 sqm supermarket and a further 2,198 sqm of speciality retail, creating close to 5,900 sqm of new commercial space within the precinct.

But one of the biggest components of the proposal is what sits between the buildings.

Around 4,650 sqm, or roughly 72 per cent of the site, will be publicly accessible open space, incorporating plazas, pedestrian connections, landscaped laneways and retail spill-out areas.

The ground plane is intended to finally complete pedestrian connections envisaged when the CUB masterplan was first approved nearly two decades ago, stitching together Victoria Street, Queensberry Street, Bouverie Street and Swanston Street through the former brewery precinct.

Urbis said the development would "complete the CUB precinct", with the public realm providing important north-south and east-west connections through what is currently the final undeveloped portion of the masterplanned site.

SP Setia is also exploring a new linear park within the Bouverie Street road reserve, with the concept to be developed further with the City of Melbourne through the planning process.

The proposal is being pursued through the Victorian Government's Development Facilitation Program under Clause 53.23 for significant residential development with affordable housing.

The planning report acknowledges the proposed heights exceed those contemplated under the original Comprehensive Development Plan and masterplan, but argues the built-form context has changed considerably over the past two decades.

Urbis said the three towers would instead create a stepped transition between Carlton and the Hoddle Grid, rising progressively from the 94.1-metre Tower One along the Queensberry Street edge to the 199.44-metre Tower Three closer to the established CBD-scale buildings to the south.

<img alt="SP Setia" data-entity-type="file" data-entity-uuid="e885a07a-592c-40fc-bf82-e6dbaf32da54" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.52.24%E2%80%AFAM.png?VersionId=7s_ErUkSKAdY1mAWp3GRZgMNCGtwhk5m" />

SP Setia plans to deliver the development across three stages.

Stage One would deliver the basement, podium and retail areas for the entire precinct alongside the first student tower. Tower Two would follow in Stage Two, before the 606-apartment Tower Three is delivered as the final stage.

If approved and delivered, the project would close out a redevelopment process that has been underway since the former brewery masterplan was approved in 2007, adding more than 2,600 student beds and apartments to a precinct already home to Swanston Central, the Barak Building, RMIT Design Hub and several large student accommodation developments.

&nbsp;

&nbsp;

SP Setia plans three-tower finale for Carlton’s former CUB precinct

Richmond

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A commercial building with potential for development located in Melbourne inner suburb Richmond is going to auction with expectations of more than $1.2 million.
The <a href="https://www.realcommercial.com.au/property-retail-vic-richmond-502537226" target="_blank">221 Swan Street</a> property is within walking distance of East Richmond Railway Station and within 3 kilometres of the CBD.
It will be auctioned on September 27 through Teska Carson.
The 209 sqm site is zoned Commercial 1 under the City of Yarra Planning Scheme.
The Commercial 1 Zone promotes mixed use commercial centres for retail, office, business, entertainment and community uses, as well as residential uses at densities complementary to the role and scale of the commercial centre.
Improvements include a single level retail/workshop/showroom building.
<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/2017/09/04/TeskaCarsonMel.jpg" alt="">
According to marketing agents, Teska Carson’s Tom Maule and Larry Takis, the property can suit both an owner-occupier or investor, but it may be of most interest to developers looking at its considerable potential for a mixed use development subject to council approval.
"There is very strong demand for any property with development potential in the inner suburbs and especially those with main street frontage and Commercial 1 zoning,” Maule said.
He said the land was located within the City of Yarra’s Swan Street Structure Plan which identified Swan Street East as a major activity centre.
The property will be sold with vacant possession.
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j.ballantyne1990-6AQqhLzZaK

Richmond site with development potential to go under the hammer

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One of Richmond’s oldest houses sold for $2.7 million after passing in at weekend auction for $2.665 million.
The 1860s Italianate Victorian at <a href="https://www.realestate.com.au/sold/property-house-vic-richmond-126070002" target="_blank">14 James Street</a> was built for James Dickson, founder of James Dickson &amp; Co cordial company, in 1864.
It was offered by a family who have owned it since 1964.
Advantage Property Consultant director Frank Valentic told the Herald Sun the buyer planned to renovate the residence, which he estimated would cost at least another $500,000.
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One of Richmond’s oldest houses sold for $2.7 million

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A well located retail and residential investment at Richmond on Melbourne CBD’s eastern fringe is on the market.
The <a href="https://www.realcommercial.com.au/property-retail-vic-richmond-502508006" target="_blank">129 Burnley Street</a> property was listed for auction on September 13 with expectations of about $1.2 million.
According to the last update on www.realcommercial.com.au, it was still listed for sale through Teska Carson.
The two-level Victorian terrace building has an area of 259 sqm, and includes a ground floor retail/commercial and first floor residential accommodation with separate access.
The ground floor is currently being utilised as a laundromat, while the first floor houses a two-bedroom apartment.
According to marketing agents, Teska Carson’s Tom Maule and Larry Takis, the property will be sold subject to two leases totalling $59,611 per annum.
The property is in one of Melbourne’s most popular restaurant, fashion and entertainment precincts, within walking distance of both Victoria Gardens Shopping Centre and Bridge Road retail.
"This property is situated in what is undoubtedly one of Melbourne’s best inner suburbs where demand for property from investors, developers, owner-occupiers and tenants is very high and will remain so for the foreseeable future while Melbourne’s population growth continues," said Maule.
"It is ideally suited to an investor or owner-occupier seeking a well-presented commercial property with the benefit of dual tenancies and the prospect of both rental and capital growth.’’ 
 
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Richmond building with dual tenancy listed

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Ross Voci, director of property development firm PSCA, is selling his three-level, architect-designed home in Richmond.
It is close to Church Street’s shops and cafes. 
The <a href="https://www.realestate.com.au/property-house-vic-richmond-125715474" target="_blank">four-bedroom, three-bathroom residence</a> comes with spotted-gum flooring, timber feature walls, a private courtyard with a vertical garden and a double garage.
The Miele-equipped kitchen has stone benchtops and a walk-in pantry.
It looks over a combined living/dining room which extends onto a north-facing balcony. 
Allan Cove of Biggin &amp; Scott Richmond will take the property to auction on July 8 seeking $1.7 million to $1.85 million.
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Three-level Richmond trophy listed

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Construction of Riverlee's $290 million urban precinct in Richmond known as Jaques has recently been completed, with the Fender Katsalidis-designed development also breaking the previous apartment price record of $3 million for the area. A Glen Iris couple paid $4.8 million for the top floor penthouse.

Bordered by Coppin, Highett, Griffiths and Palmer Streets, the Jaques precinct consists of 377 apartments and townhouses across five buildings set on the former Jaques Foundry, which occupied the space between 1885-1997 and from which the development takes its name.

Founded in 1885 by Edward Jaques who along with his family fled Revolutionary France, the company produced rock crushers for quarries, a specialty in which Jaques would become world leaders with their Palmer Street Plant in Richmond. Jaques machines are still an integral part of the mining and quarry industries with Melbourne’s City Loop employing Jaques burrowing machines to dig its tunnels.

The Richmond plant was eventually sold in 1997 when the company relocated to Clayton South, and it's the site's rich industrial heritage that served as the context for the design of Jaques development.

The factory’s original red brick tower graces the south-western entrance to the site and original drawings and blueprints for the manufacturing of the rock crushing machinery are showcased throughout three of the buildings which date back to as early as 1915, sharing the story of the past with the residents and community.

<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/jaques_courtyard.jpg" rel="gallery-all" title="The now completed Jaques courtyard. Image: Supplied"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/jaques_courtyard.jpg?itok=hxfFNBg8" title="The now completed Jaques courtyard. Image: Supplied" width="580"></a>

<figcaption>The now completed Jaques courtyard. Image: Supplied</figcaption></figure><blockquote>
The development has proved to be a hit with the downsizer market seeking large apartments, resulting in over 20 buyers combining apartments to create more spacious residences.

Residents at Jaques value the connected location and high quality design with premium finishes and materials used throughout. Jaques has set a benchmark for urban design that respects heritage and contributes to the suburb’s sense of community with its boutique retail offering featuring Richmond’s newest eatery hotspots.
<cite>Kristine Lee, spokesperson, Riverlee Group</cite>
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<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/palmer_st_-_dyer_st_elevated.jpg" rel="gallery-all" title="The recently Palmer Street rounds out the Jaques development. Image: Supplied"><img alt="" class="image-article-full-width-580px" height="427" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/palmer_st_-_dyer_st_elevated.jpg?itok=J_6J4l6c" title="The recently Palmer Street rounds out the Jaques development. Image: Supplied" width="580"></a>

<figcaption>The recently Palmer Street rounds out the Jaques development. Image: Supplied</figcaption></figure>In March, legendary Richmond footballer Jack Dyer was honored with a street named in his memory within the project’s island site, bounded by Palmer, Coppin, Highett and Griffiths Streets.

Dyer Street will soon be home to Jamu, the newest venture from the people behind A Thousand Blessings. Jamu, meaning “to feast” in Malay, will focus on good quality food inspired by the diverse flavours of Asia and using local ingredients and produce in an industrial setting.

A Japanese diner serving unique traditional lunch and dinner dishes with a modern touch will also open within the retail precinct. Itadakimasu will be a family-style restaurant with yakitori bar seating, standard seating, and traditional seating with floor cushions.

In June the Dyer Street retail laneway welcomed boutique hair salon, Frankie Salon, which will soon be joined by The Richmond Dentist, a dentistry and cosmetic clinic which is set to open later this month.

<h2>Project team</h2>

<ul>
<li>Riverlee Group</li>
	<li>Fender Katsalidis Architects</li>
	<li>Hecker Guthrie</li>
	<li>Samantha Eades</li>
	<li>Macquarie Real Estate Equity Funds</li>
	<li>Hacer Group</li>
	<li>Merkon Constructions</li>
	<li>Tract Landscape Architects</li>
	<li>Aurecon</li>
	<li>WSP Group</li>
</ul>
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Laurence Dragomir

Jaques Richmond now complete

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The grand penthouse in Richmond's Jaques development has sold for $4.8 million to a Glen Iris couple.
The suburb's previous apartment price record was $3 million.
<img src="https://www.urban.com.au/images/2017/07/05/Screen%20Shot%202017-07-05%20at%2010.34.41%20AM.png" alt="">
Kristine Lee from Developer Riverlee Group said the development has proved to be a hit with the downsizer market seeking large apartments, resulting in over 20 buyers combining apartments to create more spacious residences.
<img src="https://www.urban.com.au/images/2017/07/05/Screen%20Shot%202017-07-05%20at%2010.36.44%20AM.png" alt="">
The $290 million Jaques precinct features 377 apartments and townhouses across five buildings on the former Jaques Bros Foundry site.
<img src="https://www.urban.com.au/images/2017/07/05/Screen%20Shot%202017-07-05%20at%2010.37.28%20AM.png" alt="">
The south-western entrance to the site features factory’s original red brick tower with original drawings and blueprints for the manufacturing of the rock crushing machinery shown across three of the buildings.
<img src="https://www.urban.com.au/images/2017/07/05/Screen%20Shot%202017-07-05%20at%2010.38.08%20AM.png" alt="">
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jonathanchancellor-7SQnKwU6yx

Grand penthouse in Richmond's Jaques development has sold

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A luxurious 10th-floor penthouse designed by Fender Katsalidis in Richmond, Victoria has been listed for sale, with a price guide of $4.7 million to $5.1 million.
The residence at <a href="https://www.realestate.com.au/property-apartment-vic-richmond-125199822" target="_blank">1004/1 Dyer Street</a> represents the final apartment for sale within Riverlee Group development, Jaques.
Located in the heart of Richmond, the building is within walking distance to cafes, restaurants, boutiques and transport. The median sales price for houses in Richmond is $1.22 million.
The three bedroom apartment showcases 270 degree views, and is fitted with ensuites, an entertainer's kitchen with European appliances, open-plan living areas and a bar. 
Other highlights include 17.5 sqm of night-lit terraces designed for al fresco entertaining, a rooftop deck, home-office, wine-room, gym and resident's lounge.
Designer touches such as auto-blinds, marble, Corian and Oak finishes, powder room, cloak room, high ceilings and marble laundry are scattered throughout.
Kay &amp; Burton agent Daniel Bradd was taking expressions of interest until 5pm yesterday.
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Luxury Richmond penthouse listed

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A modern, single-level, warehouse at Richmond on Melbourne’s CBD fringe sold recently at auction for $791,000 through Teska Carson.
The <a href="https://www.realcommercial.com.au/property-retail-vic-richmond-502315910" target="_blank">30 Baker Street</a> property is within a short distance of Victoria Street retail and entertainment strips, trams and trains.
The property was offered with with vacant possession and includes a 130 square metre warehouse building currently used as a fully-fitted automotive workshop. 
The site is zoned Mixed Use.
According to marketing agents, Teska Carson’s Anthony Choi and Fergus Evans, the property was one of the "best city fringe offerings to hit the market recently".
Choi said the area had benefitted from a number of high profile residential and commercial developments, driven by population growth and the attraction of Richmond’s well documented retail and entertainment offerings, as well as its proximity to the CBD.
"Richmond has consistently been one of the city’s most desirable inner-city locations and that popularity has driven a strong commercial and residential development market," Evans said.
 
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Warehouse on Melbourne CBD fringe fetches $791,000

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A $290 million urban renewal project has transformed a former industrial rock crushing business into contemporary housing in the Melbourne suburb of Richmond.
A joint venture between the Riverlee Group, and Macquarie Real Estate Equity Funds, the newly completed Jaques precinct features 377 apartments and townhouses.
Bordered by Palmer, Coppin, Highett and Griffiths Streets, it is situated on the Jaques Bros Foundry, a 9945 sqm engineering business that produced rock crushing machinery dating back to founder Edward Jaques in 1885.
The factory’s original red brick tower greets visitors at the south-western entrance to the site and original drawings and blueprints for the manufacturing of the rock crushing machinery are showcased throughout, which date back to as early as 1915.
Lead architect Karl Fender, of Fender Katsalidis Architects, remarked that all those involved in the project felt a responsibility to the site’s past, particularly since it had remained in the Jaques family until Riverlee purchased it in 1997.
“The architecture had to reference the heritage of the site while also creating a contemporary home for new residents and all of the modern conveniences we expect today,” he said.
<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/2017/04/05/Riverlee_Jaques_Penthouse_Exterior.jpg" alt="">
“Through adaptation, modification and contemporary reinterpretation of the original perimeter of the factory’s brick wall, this industrial element has become the defining feature of Jaques and a signal that will always reference the site’s past.”
Crafted over three stages, Jaques features five integrated buildings ranging in height from four to ten levels, industrial materials such as brick, copper, timber and steel have been used on all buildings in a restrained way to enrich the façade.
Stage one interiors were designed by award winning interior design firm Hecker Guthrie created stage two’s interiors.
Palmer St in stage three is the vision of Samantha Eades.
Targeted at the downsizer market, Palmer St evoked a luxury response, with elevated fixtures and finishes and large apartment sizes throughout the unique triangular shaped building.
<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/2017/04/05/Riverlee_Jaques_Stage%201_Courtyard.jpg" alt="">
Riverlee Group spokesperson Kristine Lee said locals had embraced Jaques, with on average 70 percent of purchasers being owner occupiers across the three Stages.
"In fact, less than 6 percent of purchasers reside offshore, with postcode analysis showing the majority lived within a five to seven kilometre radius of the site before moving to Jaques," she said.
<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/2017/04/05/Riverlee_Jaques_Penthouse_Interior.jpg" alt="">
As an added incentive to residents of the inner city project, Riverlee provided some purchasers with a bicycle upon moving in as well as a Myki card. The buildings also feature live Tram Tracker screens.
With the exception of the penthouse within stage two to be released onto the market in April, Jaques is completely sold out and residents have been moving in since the first stage was completed in 2013, with stage three residents occupying the Palmer St site since January 2017.
 
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Local downsizer targeted in Jaques Richmond's urban renewal project

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Listed financial services provider Thorn Group has agreed terms on a lease for office space in Melbourne’s Richmond, at a rate the leasing agents say is the the top rate in the area.
The 577 Church Street property was let at $151,000 per annum net, on a three-year term with a further option of two years. 
The leasing agents were Teska Carson’s Fergus Evans and Luke Bisset along with Colliers’ Tom Rothel.
Evans said the rental, at a rate of $500 per square metre was, with one other Cremorne Street property, the top rate in the area.
"This is an immaculate office space with panoramic city views in one of the most sought after inner suburban or fringe office markets in Melbourne and that was reflected in what is currently the highest square metre rental rate in Richmond,” said Evans.
“The grand foyer, large boardroom, roof top garden or balcony and 180 degree views, along with the open plan area and separate partitioned offices, secure access and car parking make this a highly attractive property.’’ Evans said. 
The 300 square metre property is in the heart of Richmond’s café and fashion precincts and provides easy access to public transport.
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