Builder-developer ALAND has drawn back the curtain on its first city-focused new apartment development.

The North Sydney development, <a href="https://www.apartments.com.au/new-apartments/the-walden-north-sydney-173-179-walker-street-north-sydney-nsw-2060">The Walden</a>, is the first time the company has ventured this close to the city, having previously completed thousands of apartments predominantly in Sydney's west, and more recently in Gosford.

<a href="https://www.apartments.com.au/developers/aland">ALAND</a> acquired the prime North Sydney site, spanning Walker and Hampden Streets just down the road from the Victoria Cross Metro station, for $240 million in June.

Now they've unveiled the new project, a mix of one-, two-, three- and four-bedroom apartments across a 30-level building designed by Rothelowman.

[smartcode_project:default project_id=134323 project_image_fid=6384]

The Walden will capitalise on the site’s front-row position on the eastern fringe of the <a href="https://www.apartments.com.au/developments/north-sydney-nsw-2060">North Sydney</a> CBD, which offers uninterrupted Sydney Harbour views stretching from the Sydney Harbour Bridge all the way to Sydney Heads.

The main tower will be flanked by a small four-level amenity building known as The Pavilion, offering exclusive resident-only amenities including a dedicated concierge service, a sauna and private wellness studio, a gymnasium and fitness studio, a resort-style rooftop pool and sundeck.

There will also be a&nbsp;residents’ lounge, private dining and a wine cellar, and co-working facilities with an on-site meeting room and boardroom.

&nbsp;

&nbsp;

[smartcode_project:default project_id=134323 project_image_fid=6382]

ALAND Founder Andrew Hrsto said the company knew they could create something "iconic" with The Walden when they saw the site.

&nbsp;

“As a company, we had been searching for a site in one of Sydney’s blue-chip locations, spanning the Eastern Suburbs, the Sydney CBD and the North Shore, and when we had the opportunity to purchase this site, we immediately recognised that it could be something iconic – being the last development with a view offering this exceptional.

“We identified the attributes and quality of the site as being perfectly aligned for ALAND – and we feel that this off-market acquisition is a perfect opportunity to showcase our craftmanship and expertise through a truly unique offering."

[smartcode_project:default project_id=134323 project_image_fid=6399]

Hrsto pointed to ALAND’s longstanding development expertise as a significant benefit in delivering a positive outcome for The Walden.

“Being a fully integrated development and construction business with a highly experienced team, we have the benefit of in-house experts across the development spectrum, from acquisitions, design, planning, and construction, to sales, marketing, property management, through to building management.

“As one of Australia’s largest private development and construction groups, we’ve been in operation for 23 years, with a Gold Star iCIRT rating and a 100 per cent delivery success rate across numerous masterplanned and mixed-use projects – and we’re very much looking forward to bringing this expertise to The Walden and contributing to the ongoing revitalisation of North Sydney."

The Walden is the latest development in Sydney to have the 10-year Latent Defects Insurance policy by Resilience Insurance, protecting buyers from any structural or waterproofing-related issues for 10 years post-completion.&nbsp;

Demolition of existing structures on The Walden site has already commenced through specialist civil contractor Moits, with the aim of completing preparatory ground works by the end of 2025, ahead of construction commencement in early 2026.

[smartcode_project_cta:default project_id=134323]

Joel Robinson

ALAND unveils The Walden, North Sydney's latest luxury apartment development

<a href="https://www.apartments.com.au/developers/toga-group">TOGA</a> has opened sales for the final building in Macquarie Rise, its latest mixed-use development in Macquarie Park.

Since launching its <a href="https://www.apartments.com.au/new-apartments/macquarie-rise-122-herring-road-macquarie-park-nsw-2113">Macquarie Rise</a> in late 2023, TOGA has secured over 125 sales in the Herring Road development, to a range of purchasers, from first home buyers to investors and downsizers. Around 65 per cent of purchasers have been owner-occupiers.

TOGA has now launched a new release of one-, two-, and three-bedroom apartments in the final building, Saunders Rise. Many of the apartments feature multi-purpose rooms and offer views of the surrounding greenery. Also part of the release is a series of&nbsp;sub penthouses housed on the upper floors.

[smartcode_project:default project_id=89243 project_image_fid=242696]

&nbsp;

“We’re delighted with the ongoing strong interest in our Macquarie Rise development, which is testament to the need for premium housing in this much-loved Sydney suburb,"&nbsp;Allan Vidor AM, Managing Director at TOGA, said.

"We’re proud to be able to offer buyers a unique product that includes luxury amenities, spacious living areas and flexible layouts, designed to suit all kinds of buyers, from young professionals to families and investors.

“We have long been advocates of Macquarie Park, and once Macquarie Rise is complete, TOGA will have built 1,000 apartments in the area, delivering much needed homes within a thriving precinct. It’s great to see the area become renowned for high-quality apartments, proximity to amenities and green spaces."

TOGA, one of Australia’s few Gold Star iCIRT rated developers, is also handling construction of Macquarie Rise. They are on track to complete the building in 2027.

[smartcode_project:default project_id=89243 project_image_fid=310789]

Macquarie Rise boasts a prime location, placing residents within immediate reach of Macquarie Centre, Macquarie University, and the newly completed Macquarie University Metro, connecting to the Sydney CBD is just over 20 minutes.

&nbsp;

Macquarie Rise residents also have access to Club Rise, an exclusive, residents only lounge designed by luxury hotel designers Stack Studio, offering an abundance of work and break-out areas, a Pilates studio, a gym, and a karaoke room. As well as these premium amenities Macquarie Rise will also feature an impressive podium top 20m lap pool.

[smartcode_project:default project_id=89243 project_image_fid=242695]

“Offering luxury, spacious apartments in a vibrant and well-connected neighbourhood, it’s no surprise that Macquarie Rise remains popular with a range of buyers," said TOGA's General Manager of Sales, Anthony Falas.&nbsp;

"With interest rates tracking downwards, we expect the final apartments to continue to receive high levels of interest.”

Located at 122 Herring Road, Macquarie Park, the development will be delivered in partnership with Baptist Union NSW and Morling College with a value of over $400 million.

&nbsp;

[smartcode_project_cta:default project_id=89243]

TOGA launches final stage apartments in Macquarie Rise

Southern Cross Station anchors the western end of <a href="https://www.apartments.com.au/developments/melbourne-vic-3000">Melbourne</a>’s CBD, connecting metropolitan and regional rail with tram and bus interchanges in one of the city’s busiest transport corridors.&nbsp;

Just metres away, <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a>&nbsp;will place residents in the heart of the city, with immediate access to Spencer Street trams, a growing mix of retail, hospitality and cultural venues, and a neighbourhood evolving into a lively residential precinct.

Developed by <a href="https://www.apartments.com.au/developers/far-east-consortium">Far East Consortium</a>, the 68-level project integrates a sculptural glass tower with the heritage-listed Eliza Tinsley Building on a 2,765 sqm Bourke St site.&nbsp;

[smartcode_project:default project_id=509 project_image_fid=335425]

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, the development replaces a previously approved scheme for 813 apartments with a refined offering of just over 600 larger-format residences, responding to a growing owner-occupier demand for spacious city living.

The location sits within a dynamic pocket undergoing significant transformation. Marvel Stadium and the Docklands waterfront are less than 10 minutes away on foot, offering both sports and leisure attractions.&nbsp;

Bourke Street Mall, Queen Victoria Market, and the State Library are all within walking distance, while Flagstaff Gardens, Melbourne’s oldest park, provides a green escape just to the north.

&nbsp;

[smartcode_project:default project_id=509 project_image_fid=335422]

Proximity to some of the city’s largest employers and education hubs, including the courts precinct, legal chambers, RMIT, and major hospitals, makes 640 Bourke Street an appealing residential address for professionals, families and students alike.

Education opportunities span all levels. Nearby, Haileybury City Campus offers private schooling just a short walk from 640 Bourke Street. Just beyond the CBD fringe, Carlton Gardens Primary School, one of Melbourne’s oldest state primary schools, and Docklands Primary School provide convenient government schooling options.

Higher education is equally accessible. RMIT University’s city campus spans multiple buildings just a few blocks away, while the University of Melbourne’s Parkville campus is easily reached via tram along Swanston or Elizabeth Streets.

Victoria University’s City Queen campus, focused on law and business, is also close by, positioning 640 Bourke Street within walking distance of three of Melbourne’s major tertiary institutions.

[smartcode_project:default project_id=509 project_image_fid=335426]

The neighbourhood’s retail tapestry continues to evolve into something distinctly local and walkable. Just steps away, Woolworths Metro on Bourke Street ensures that everyday essentials are easily within reach.&nbsp;

For larger shopping trips, Spencer Outlet Centre on Spencer Street and QV Melbourne on the opposite side of the CBD broaden the offering with supermarkets, fashion, dining and specialty stores.

The lane-to-lane vibe unfolds beautifully in nearby arcades and alleys. Hardware Lane, with its European-style red-brick paving and alfresco dining, pulses with jazzy evenings and casual lunches.

A few minutes north, Howey Place and Centre Place offer leafy, boutique-lined lanes where hidden cafés and niche retailers congregate under historic glass-covered cloisters.

Completing this tapestry is the newly opened Mecca “beauty playground” on Bourke Street. Spanning 4,000 sqm over three levels, the flagship blends immersive retail within an art-deco heritage setting.

&nbsp;

[smartcode_project:default project_id=509 project_image_fid=335427]

This finely grained network of shops, eateries, arcades and service outlets defines the everyday lifestyle at 640 Bourke Street - further enriched by over 3,000 sqm of resident amenity including a Turkish-inspired pool, gym, co-working rooms and private cinemas.&nbsp;

Apartments are priced between&nbsp;$640,000 and $3.95 million. Off the plan stamp duty concessions available until October 2026. Prospective buyers can visit the on site display gallery which has&nbsp;fully built one, two, and three-bedroom apartments.

[smartcode_project_cta:default project_id=509]

640 Bourke Street: A heritage address at the heart of Melbourne

Lower North Shore development specialists&nbsp;<a href="https://www.apartments.com.au/developers/abadeen-group">Abadeen</a>&nbsp;has topped out its new local apartment development,&nbsp;<a href="https://www.apartments.com.au/new-apartments/northcote-collective-naremburn-2-6-northcote-street-naremburn-nsw-2065">Northcote Collective</a>.&nbsp;

Located in the tightly held suburb of <a href="https://www.apartments.com.au/developments/naremburn-nsw-2065">Naremburn</a>, Northcote Collective is a collection of just 58 one-, two-, and three-bedroom apartments designed by award-winning architects Rothelowman.&nbsp;

The building is just a five to 10 minute walk from the heart of Crows Nest and the new&nbsp;St Leonards and Crows Nest Metro stations. Abadeen has also brought doorstep convenience, with a ground-floor retail offering on Northcote Street.

Northcote Collective is being delivered by&nbsp;<a href="https://www.apartments.com.au/builders/decode">Decode</a> — an iCIRT-rated construction company well regarded in the new development industry.

[smartcode_project:default project_id=114189 project_image_fid=272840]

“This is an important and exciting moment for Northcote Collective, and we’re proud to celebrate this milestone with our partners, consultants, and future residents,” said Justin Brown, Executive Chairman and Founder of Abadeen.&nbsp;

“From the outset, our vision was to create something truly special for Naremburn — homes that respect the character of the neighbourhood while elevating the standard of Lower North Shore living. With connectivity to transport, retail on the doorstep and a true village lifestyle, this milestone also comes at a perfect time when buyer confidence is returning to the market. I am incredibly proud of our team and of Decode for their dedication in helping us bring this vision to life.”

[smartcode_project:default project_id=114189 project_image_fid=272865]

The development is two-tiered, with two rooftops for residents. The taller building has an impressive rooftop pool, a rare inclusion in the new Sydney apartment market. The level, with panoramic views, also includes an entertaining terrace with barbecue facilities.

Local downsizers and young professionals are showing the strongest interest in the development, with recent improvements in the property market — supported by three rate cuts in 2025 — boosting borrowing power and buyer confidence.

Auction activity across Sydney surged by almost 30 per cent in recent weeks, with clearance rates above 70 per cent — signalling a renewed wave of buyer demand.

Northcote Collective will welcome buyers in 2026.

[smartcode_project_cta:default project_id=114189]

Abadeen tops out Northcote Collective in Naremburn

Sunshine Coast-based <a href="https://www.apartments.com.au/developers/devcon-property-group">Devcon Property Group</a> has acquired one of Maroochydore’s most prominent development sites for $12 million unlocking the potentialfor a mixed-use project in the Cotton Tree precinct.

&nbsp;

The 4,178 sqm site at 41–43 Aerodrome Road—well known locally as the former home to one of Australia’s last Sizzler restaurants—was sold via an off-market expressions of interest campaign by Colliers agents Nick Dowling and Baydn Dodds. More than 70 targeted buyer groups were approached, resulting in multiple competitive offers for the property.

Devcon Property Group Managing Director Michael Kain said the acquisition was a strategic move in line with the company’s focus on delivering high-quality projects in prime coastal locations.&nbsp;

“We’re excited about the possibilities this site, in one of the Sunshine Coast’s most iconic beachside &nbsp;communities, offers for a broad range of development outcomes,” Kain said.

“Its location, ocean view potential, and proximity to the Maroochydore CBD and beach make it an &nbsp;outstanding development prospect. Our plans are to refurbish the existing building and then review &nbsp;development options for the remainder of the site.”&nbsp;

<img alt="Aerodrome Rd site overlooking Beach (Large)" data-entity-type="file" data-entity-uuid="a29dc4ed-68c1-4bec-a4fc-283063dcde1e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Aerodrome%20Rd%20site%20overlooking%20Beach%20%28Large%29.jpg?VersionId=b0WxJWevmLoAfCP4YvGImZpR3rSCJJ9L" />

Colliers Special Projects Manager Baydn Dodds said the sale reflected the ongoing strength of the &nbsp;Sunshine Coast’s development site market, particularly for projects capable of achieving water views. &nbsp;

“Sites of this scale, in walkable beachside locations with ocean views, are tightly held and continue to attract significant interest from both local and national developers,” Baydn Dodds said. &nbsp;

“Holding a prominent position as the former home to one of Australia’s last Sizzler restaurants and more recently occupied by Rashays, the prime site is located just 150 metres from Maroochydore Beach.&nbsp;

“With stunning ocean view potential, located in one of the Sunshine Coast’s best known iconic &nbsp;beachside communities, within steps of shops, cafes and the beach it is no surprise that there was strong interest in the site. The transaction highlights the ongoing depth of demand for well-located &nbsp;mixed-use sites across the Sunshine Coast.”&nbsp;

Colliers Sunshine Coast Managing Director Nick Dowling said the transaction reinforced the &nbsp;Sunshine Coast’s status as one of Australia’s most active development markets.&nbsp;

“The combination of strong population growth, lifestyle appeal, and infrastructure investment is &nbsp;driving demand for quality development opportunities,” Nick Dowling said. &nbsp;

“The Sunshine Coast is one of only three markets nationally to record an increase in crane numbers, &nbsp;reflecting the strength of the region’s construction pipeline.&nbsp;

“Opportunities like this are rare and continue to generate strong buyer interest in the region.”&nbsp;

The Sunshine Coast development market is booming, with several high-profile developers like Cube Developments, Gardner Vaughan Group, and RCQ, planning developments in the region.

Devcon buys Sunshine Coast’s former Sizzler site for new apartment development

Saint Moritz

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An off the plan two-level Saint Moritz, St Kilda luxury apartment has been offered for sale.

There is no price guidance for the 522 sqm, four-bedroom, four-bathroom space which features six metre ceilings that look out to Port Phillip Bay. 

The apartment comes with an upper master bedroom suite with an executive lounge and an open fire-place.

There is 16 sqm of balcony space and six car spaces.

<a href="/buildings/saint-moritz-st-kilda-14-16-the-esplanade-st-kilda"><img alt="" height="663" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image_1_2.jpg" width="1023"></a>

The 1301/1401 apartment is being offered through Gurner agent Deborah Wiltshire.

There was a sales advisory from Gurner that 95 percent of Saint Moritz had been sold in mid-2019 when it had recorded $480 million in sales.

The 95 per cent sales tally represented 127 residences of the project's 133 dwellings.

[smartcode_project:default project_id=2484]

In early 2019, Gurner set Melbourne’s new price record for an apartment sale, securing a reported $30 million for the seven-bedroom penthouse at its ultra-luxury development.

It has 650 sqm internally and 150 sqm externally, plus a seven-car private garage. 

A $9 million sale by Gurner within the project was recently secured by Michael Paproth at The Agency. 
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The 522 sqm, four-bedroom, four-bathroom space features six-metre ceilings that look out to Port Phillip Bay

jchancellor

Luxury apartment offered in St Kilda's Saint Moritz

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Construction has commenced on Gurner's $540 million Saint Moritz development at St Kilda.
The project will transform the former Novotel St Kilda site.
Demolition of the existing building commenced on July 17, some 15 months ahead of schedule.
The project secured $500 million in presages including reports of an arrangement involving a $30 million two-level, 650 square metre penthouse sale to former Domain boss Antony Catalano in February.
<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/2019/7/17/Gurner%202.jpg" alt="">
The developer has confirmed ANZ is funding the $300 million construction debt facility.
Gurner suggest is ranks as the largest residential construction loan undertaken by the big four banks to a private developer this year.
ANZ has funded over 90% of Gurners’s projects since the brand’s inception in 2014.
Local builder Crema Group has been appointed to build the three-tower, 'ultra-luxury' precinct, with the build contract worth upwards of $150 million.
<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/2019/7/17/Gurner%203.jpg" alt="">
Only five residences remain for sale in the final building, Grand Esplanade, while the first two buildings, Pacific House and Azura, are fully sold.
Saint Moritz has been designed by Fender Katsalidis and Koichi Takada Architects, with the interiors crafted by David Hicks.
Completion is slated for late 2021.
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j.ballantyne1990-6AQqhLzZaK

Construction starts on Saint Moritz development at St Kilda Novotel site 15 months early

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For a cool $5 million, you could experience a lifetime of royal treatment, including private drivers, Vue De Monde sommeliers upon request and even a book collection curated by none other than the Queen’s personal librarian.

<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/gurn10030_the_esplanade_ia01_arrival.jpg" rel="gallery-all" title="Personal drivers available for residents. Credit: Gurner"><img alt="" class="image-article-full-width-580px" height="348" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/gurn10030_the_esplanade_ia01_arrival.jpg?itok=Eg3ChJIt" title="Personal drivers available for residents. Credit: Gurner" width="580"></a>

<figcaption>Personal drivers are available for residents. Credit: Gurner</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gurn10030_the_esplanade_ia02_reception_concierge.jpg" rel="gallery-all" title="Reception and 24 hour concierge. Credit: Gurner"><img alt="" class="image-article-full-width-580px" height="276" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/gurn10030_the_esplanade_ia02_reception_concierge.jpg?itok=tcEmB3-T" title="Reception and 24 hour concierge. Credit: Gurner" width="580"></a>

<figcaption>Reception and 24-hour concierge. Credit: Gurner</figcaption></figure>The recently announced <a href="/buildings/saint-moritz-st-kilda-14-16-the-esplanade-st-kilda">Saint Moritz by GurnerTM</a> development will feature 120 luxury residences, and Melbourne’s next most expensive penthouse, which sold off-the-plan for $30 million. Fender Katsalidis Architects are appointed as lead architects for the project which will span three buildings – one of which is to be designed by Koichi Takada Architects.

The ambitious project aims to deliver a $150 million ‘Glass Cube’ entranceway, which has been modelled off Apple’s Fifth Avenue store in NYC, and over 5,000 square meters of hyper-luxury amenity.

<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/gurn10030_the_esplanade_ea02_arrival_cube.jpg" rel="gallery-all" title="Glass cube entranceway inspired by NYC's Fifth Avenue Apple store. Credit: Gurner"><img alt="" class="image-article-full-width-580px" height="644" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/gurn10030_the_esplanade_ea02_arrival_cube.jpg?itok=tzwg-fxP" title="Glass cube entranceway inspired by NYC's Fifth Avenue Apple store. Credit: Gurner" width="580"></a>

<figcaption>Glass cube entranceway inspired by NYC's Fifth Avenue Apple store. Credit: Gurner</figcaption></figure>GurnerTM is striving to revolutionise resident amenity offerings, and create a 6-star hotel experience, 365 days a year. The property will feature its very own ‘residents only’ Gold Class Cinema, an in-house art curator, a 3,000-bottle wine cellar and a golf simulator. On-call health and wellness specialists will be available to residents round the clock should they require an in-house facialist, masseuses, personal trainer, nurse, medical practitioner and even a personal stylist. 

Situated in St Kilda, the building is set to commence construction on the former Novotel Hotel site, right on The Esplanade, and just a short stroll to the beach. 

<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/gurn10030_the_esplanade_ia23_hot_cold_spa.jpg" rel="gallery-all" title="The opulent spa facility. Credit: Gurner"><img alt="" class="image-article-full-width-580px" height="322" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/gurn10030_the_esplanade_ia23_hot_cold_spa.jpg?itok=kEcYRMD0" title="The opulent spa facility. Credit: Gurner" width="580"></a>

<figcaption>The opulent spa facility. Credit: Gurner</figcaption></figure>THE PENTHOUSE

Saint Moritz’s penthouse was quickly snapped up by Australian rich-lister Antony Catalano for his family. The property features seven large bedrooms, four living rooms and two pools. The two-storey cascading waterfall and floating fireplace exude modern opulence, and the built-in 1000-bottle wine cellar adds a notch of prestige to the already glamorous residence. The penthouse also contains an in-house sauna, gym, seven car garage and private lift access. However, you could argue that the best feature of the house is the Nero Marquina bathtub which contains 180º water views across St Kilda.

All off-the-plan Saint Moritz apartments will be on sale this June. 

Lead image credit: GurnerTM
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Olivia Round

Live like royalty in a $5 million St Kilda apartment

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The VFL footy legend Sam Newman, who ranks among the A-list names previously floated as potential buyers in stage one of the Saint Moritz, St Kilda complex, is keeping everyone guessing.
<div>
Asked whether he was set to move in by the local paper, The Herald Sun, Newman only confirmed he had looked at the luxury tower which is being officially launched this weekend.
“I’m still considering the whole thing,” Newman said. The Geelong great currently lives in Docklands.
<div>He once commissioned the <a href="/news/vic/pamela-anderson-house-built-for-sam-newman-on-the-market">infamous ultra-modern “Pamela Anderson” house</a> in St Kilda West, although never loved in it.</div>
<div> </div>
<div>Newman also previously owned in 8 The Esplanade, where he had a two bedroom 14th floor penthouse apartment in the 1985-built Arrandale complex which he sold in 2015 at $1.9 million.</div>
<div> </div>
<div>
<div>The apartments in the initial St Kilda building are set to average $3.5 million with completion in three years.</div>
 “I was really surprised how many buyers there were for these apartments,” said the developer Tim Gurner.
</div>
</div>
<div>
“This will become a precinct where the buildings will house a number of Melbourne’s very wealthy families,” he suggests.
<div>
<div>The 120-apartment redevelopment of the Novotel hotel site on St Kilda’s Esplanade reportedly officially goes on sale with prices starting at $1.4 million.</div>
<div>  </div>
<div>Opened in 1939, the St Moritz ice skating rink was one of the suburb’s grandest icons.</div>
<div> </div>
<div>The project is seen as part of the transformation away from its seedy reputation, which has been further soured with violent assaults even against police in recent times.</div>
<div> </div>
<div>But there have been whispers since late last year that the Melbourne developer had quietly achieved a "near sellout" of the initial offering of apartments in the $550 million project.</div>
<div>
Gurner amended the exisiting permit for 14 – 16 The Esplanade, St Kilda, to halve the number of apartments from 240 to 120.
“We believe the luxury end of the market has been waiting for something like this to come along," Tim Gurner said officially in February when seeking registrations of interest.  
The first of the three buildings, Pacific House features 45 residences.
Wilson Agents recently placed an Instagram posting advising the off market sales progress.
"For those of you who don’t already know, the Novotel on the upper esplanade is being completely demolished and in a few years from now the most amazing beachfront residences I have ever seen will be built in its place," agent Grace Le-francke posted. 
"They are almost completely sold out already in a matter of weeks," she advised.
The sales included the $30 million penthouse that sits atop Pacific House to the <a href="/news/antony-catalano-buys-gurners-shrunk-30-million-saint-moritz-st-kilda-penthouse">former Domain chief Antony Catalano</a>. 
Over summer Gurner had the naming rights partner of the recent Australian Yachting Championships, conducted by the host club at the Royal Melbourne Yacht Squadron in St Kilda.
</div>
</div>
</div>
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Saint Moritz

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