Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Salta Property Group

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Should Salta Properties gain approval, it will have the right to deliver Mulgrave's first hotel of any note.

Late last year the developer initiated a planning application for a mixed-use building at its Nexus Corporate office park that abuts the Monash Freeway. Under its 12 Nexus Unit Trust entity, Salta Properties is seeking to add the substantial 14 level tower for the purposes of serving the current and future predominantly commercial buildings in the immediate precinct.

Dominated by low-rise campus-style office buildings, 12 Nexus Court would be comfortably taller than any surrounding buildings at 48 metres in height. 

To that end, project architects Technè and Gray Puksand have pushed the project to a heightened degree of design prowess relative to its neighbours; 12 Nexus Court is effectively expected to become Nexus Corporate's showpiece building. 

<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/image314.jpg" rel="gallery-all" title="12 Nexus Court. Planning image: Technè - Gray Puksand"><img alt="" class="image-article-full-width-580px" height="289" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image314.jpg?itok=fOcGNl4u" title="12 Nexus Court. Planning image: Technè - Gray Puksand" width="580"></a>

<figcaption>12 Nexus Court. Planning image: Technè - Gray Puksand</figcaption></figure>The 139 residential hotel rooms span levels 8 to 14, with the 'pod' aspect of the design defined by distinctive overhangs and a serrated or modular-like facade.

According to Hollerich Town Planning "the residential hotel component has specifically been designed so as to present as a built form element with a different appearance, using clearly different materials and colours and a rectangular form against the curved nature of the podium and office elements."

It's the curved podium that holds the balance of 12 Nexus Court's uses. A porte-cochere, lobby, bar, lounge, end of trip facilities and bicycle parking are present at ground level. Thereafter the bulk of the structure accommodates 387 car parking spaces and 1,821 square metres of office space across levels 8 to 10.

A gym and substantial ASPECT Studios-designed landscaped area atop the podium accounts for the area between the office and residential hotel.

<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/img_8090.jpg" rel="gallery-all" title="10 Nexus Court is approaching completion"><img alt="" class="image-article-full-width-580px" height="373" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/img_8090.jpg?itok=3uKkoTvq" title="10 Nexus Court is approaching completion" width="580"></a>

<figcaption>10 Nexus Court is approaching completion</figcaption></figure>12 Nexus Court is seemingly in stark design contrast to the adjoining office building. The latest project approaching completion for Salta Properties at their Mulgrave corporate park is 10 Nexus Court, which is in the hands of builder Hacer.

The purely commercial office building spans 5 levels or 8,370 square metres and maintains an almost regimented aspect to Springvale Road and the Monash Freeway. 10 Nexus Court's strong vertical lines will contrast against the finer horizontal lines that stand out as one of 12 Nexus Court's stronger visual features.

10 Nexus Court is also the design of Gray Puksand.
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silvermb

Salta pursues Mulgrave's first hotel

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Salta Properties' latest project is poised to clear a major planning hurdle at City of Melbourne's Future Planning Committee sitting this evening.

Council planners have recommended approval for Salta's mixed-use tower at 57-63 Exhibition Street. Replacing ASF House, the currently 203m tower with an expected development cost of $255 million may be required to ditch a number of floors in order to prevent overshadowing of Birrarung Marr.

City of Melbourne planners have requested it be reduced to 183 metres. A mix of hotel and residential, 57-63 Exhibition Street's fate is ultimately with the Planning Minister.

Should the final green light be given, Salta will be in a strong position to woo a hotel operator for the project's 185 suites which range between 34sqm and 82sqm. The immediate area surrounding the Exhibition Street proposal is already a magnet for premium hotel brands; Stamford Plaza, Sheraton Melbourne, Sofitel, Grand Hyatt and a pending NEXT outlet are present.

<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/image16ex.jpg" rel="gallery-all" title="Exhibition Street perspective. Planning image: Bates Smart"><img alt="" class="image-article-full-width-580px" height="465" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image16ex.jpg?itok=Xr7PMg0c" title="Exhibition Street perspective. Planning image: Bates Smart" width="580"></a>

<figcaption>Exhibition Street perspective. Planning image: Bates Smart</figcaption></figure>57-63 Exhibition Street's ground plane treatment has seen a laneway inserted, connecting Strachan Lane and Chester Lane. Incidentally Strachan Lane was subject to a <a href="http://www.heraldsun.com.au/news/victoria/chequerboard-art-in-melbournes-strachan-lane-washed-away/news-story/8807c8fc73d039ab1ef4049b3ddc4013">creative urban art installation</a> earlier this year which riled Council.

Report documents talk of the the "considered placement of openings and fine detailing in the (proposal's) podium facade and the ramp’s internal elevations, this alluring detail and materiality becomes the focus of Chester Lane when experienced from Flinders Lane, enticing passers by to explore further." The design also allows for adjacent properties to be redeveloped in an equitable manner.

City of Melbourne planners have called for further design changes in addition to the slight height decrease. Fenestration to the southern boundary wall above a height of 80 metres has been sought, along with further detail regarding the proposal's ground floor plane.

<blockquote>
Broadly, the proposed development exhibits a high quality design, providing a podium that will successfully integrate with the height and detailing of adjacent graded historic buildings in addition to providing a high degree of activation and site permeability. The tower component achieves adequate separation and setbacks, and the design exhibits excellent internal amenity.

Subject to the recommended conditions, it is considered that the subject site can support a building of this scale, and the proposal will make a positive contribution to Exhibition Street and Melbourne’s City
<cite>Report to the Future Melbourne (Planning) Committee</cite>
</blockquote>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image21_13.jpg" rel="gallery-all" title="Faceted to the floor. Planning image: Bates Smart"><img alt="" class="image-article-full-width-580px" height="507" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image21_13.jpg?itok=UD8RcfTo" title="Faceted to the floor. Planning image: Bates Smart" width="580"></a>

<figcaption>Faceted to the floor. Planning image: Bates Smart</figcaption></figure>For Salta, the nod from Council tonight is a major step toward securing approval for the site which was entered into a joint venture with Malaysia’s Asia One. Although Asia One held the site outright initially, scant little has been heard from the developer since the joint venture was announced; perhaps a coincidence but Salta Properties Pty Ltd is the sole entity listed within the report to Council.

Regardless, 57-63 Exhibition Street adds to Salta's pending apartment development pipeline.

Their Park House project at 627 Victoria Street, Abbotsford has seen Icon Co installed as preferred builder, with a start to the 500 plus apartment build imminent. Also on the radar is 695-699 La Trobe Street, a 28 level tower containing rental apartments and hotel suites.

Upon approval, 57-63 Exhibition Street would join 249-261 Queens Parade, Clifton Hill and additional apartment projects within the Salta's Victoria Gardens precinct as future projects.
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CoM moves to provide clearance for 63 Exhibition's lofty ambitions

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City of Monash planners have recommended that Singapore-backed <a href="/developers/frasers-property">Frasers Property Australia</a> along with project partner Commercial &amp; Industrial Property (CIP) be allowed to proceed with a multi-staged commercial development that would become one of suburban Melbourne's largest.

Subject to a raft of conditions, the proposal which includes in excess of 60,000sqm of commercial office space is poised to account for a vacant site at <a href="/developments/mulgrave-vic-3170">254-294 Wellington Road, Mulgrave</a>. With a development cost of $120 million, the scheme displaces Peters Ice Cream which have occupied the site since 1964.

Peters have moved the bulk of their operations to an adjoining complex, allowing Frasers and CIP to roll out plans for a portion of the 133,259sqm site.

Four separate 8 storey commercial buildings are envisaged; each includes between 13,739sqm and 15,692sqm of leasable space. Designed by Max Architects, 254-294 Wellington Road also sees four multi-storey car parks with an accumulated 2,497 parking spaces, provisions for bicycle parking in each building and a cafe/food tenancy within the ground level of each office building.

An existing heritage building fronting Wellington Road will be maintained and amalgamated into the development.

<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/building_c.jpg" rel="gallery-all" title="211 Wellington Road's Building C. Image: Colliers"><img alt="" class="image-article-full-width-580px" height="302" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/building_c.jpg?itok=f97h5lEM" title="211 Wellington Road's Building C. Image: Colliers" width="580"></a>

<figcaption>211 Wellington Road's Building C. Image: Colliers</figcaption></figure>The developers play for the vacant 254-294 Wellington Road parcel comes months after work wrapped up on 211 Wellington Road.

Diagonally opposite the Peters site, 211 Wellington Road is a mixed-use project primarily consisting of three commercial buildings. Mazda National Headquarters, Monash University, BSN Medical and BMW Finance are the headline tenants within the project.

Falling under the Monash National Employment and Innovation Cluster which sees <a href="https://vpa.vic.gov.au/project/monash-employment-cluster/">Melbourne’s largest concentration of jobs outside the CBD</a>, Frasers and CIP will be hoping that the success of their 211 Wellington Road project is repeated at their new, and considerably larger commercial development across the road.

As large as it is, 254-294 Wellington Road is not the sole commercial development currently on the radar in the area.

<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/image42_2.jpg" rel="gallery-all" title="Goodman Group and Salta Properties latest offerings within Monash"><img alt="" class="image-article-full-width-580px" height="219" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image42_2.jpg?itok=TOeF1KBg" title="Goodman Group and Salta Properties latest offerings within Monash" width="580"></a>

<figcaption>Goodman Group and <a href="/developers/salta-properties">Salta Properties</a> latest offerings within Monash</figcaption></figure>Also in Mulgrave, builder <a href="/builders/hacer-group">Hacer</a> has recently taken on 10 Nexus Court. The 6,000sqm Gray Puksand-designed building is the latest commercial project under construction for Salta Properties within their sprawling Nexus Corporate Precinct.

As that precinct is rounded out by 10 Nexus Court, Salta Properties will move their attention to an adjoining development site at <a href="/news/salta-and-cedar-woods-upsize-their-monash-intentions">647 Springvale Road</a>, with an eye toward additional commercial offerings.

Meanwhile Goodman Group is seeking tenants for dual new office buildings within their Ferntree Business Park at 296-324 Ferntree Gully Road, Notting Hill. Buildings Buildings D + N are in the pipeline, and may add as much as 14,500sqm of space to that particular precinct.

Ferntree Business Park is also set to host a Quest serviced apartment complex according to current construction tenders for that particular project.
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A commercial mini city beckons as Melbourne's southeast flourishes

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The lure of capitalising upon Melbourne's super strong hotel sector has not gone unnoticed at Salta Properties, with the developer's approved plans for a prime Docklands corner reworked to include a hotel component.

A long time at planning, 695-699 La Trobe Street was resubmitted with the Department of Environment, Land, Water and Planning (DELWP) earlier in the year, with the intention of providing 175 hotel suites in addition to 305 residential apartments. The emergence of 695-699 La Trobe Street in its current form adds weight to Docklands' hotel credentials, with a handful of projects planned or at construction.

Planning documents show that for their Docklands venture, Salta Properties were negotiating with InterContinental Hotels Group to bring aboard Hotel Indigo as the operator, although of course any tie-up is subject to confirmation from the respective parties.

Active across all development spheres, 695-699 La Trobe Street shapes as Salta Properties' second mixed-use project which would include a hotel component. As part of Abbotsford's Green Square development, Salta Properties snared serviced apartment provider Quest to manage 93 studio, one, two and three bedroom apartments.

From an exterior design perspective, 695-699 La Trobe Street's shape remains for the most unchanged, with a new facade and ground floor plane in tow.

The redesigned exterior features a facade application that has become somewhat of a Fender Katsalidis trademark in recent times. Vertical timber-finish fins now veil much of the podium aspect of the intended tower, and are similar in nature to other Fender Katsalidis projects such as Ivanhoe Apartments.

A new ground floor layout would see dual lobbies and a combined bar/dining space provide continuous activation to both La Trobe Street and Harbour Esplanade. As part of the revised application, Urban Art Projects have included an urban art strategy with the option of including three major artworks across the tower's ground floor and car park podium section.

<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/image110_0.jpg" rel="gallery-all" title="A new ground level interface. Planning image: Fender Katsalidis"><img alt="" class="image-article-full-width-580px" height="301" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image110_0.jpg?itok=rHAI1EAS" title="A new ground level interface. Planning image: Fender Katsalidis" width="580"></a>

<figcaption>A new ground level interface. Planning image: Fender Katsalidis</figcaption></figure>Docklands and the adjoining South Wharf continue to prove themselves as a magnet for hotel development.

Salta Properties' entry into Docklands is in addition to Four Points by Sheraton which is nearing its construction completion, while Quest can expect its second Docklands outlet to begin construction in the new year. Flagship Property Holdings have begun works on a new 331-room hotel at the Melbourne Convention and Exhibition Centre, while Riverlee is eyeing a new hotel an North Wharf as part of its <a href="/news/a-reborn-north-wharf-adds-to-melbournes-swelling-hotel-numbers">pending redevelopment</a>.

The only project that has yet to materialise is Altus Tower; itself a stone's throw from 695-699 La Trobe. PARKROYAL has been signed to Altus Tower, but post its <a href="http://www.hotelmanagement.com.au/2014/10/08/construction-starts-parkroyal-docklands/">official breaking of ground</a> during October 2014, precious little has occurred onsite since.

<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/image112_1.jpg" rel="gallery-all" title="The Altus as rendered, but not in reality. Image: thelatus.com.au"><img alt="" class="image-article-full-width-580px" height="364" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image112_1.jpg?itok=2sL-199A" title="The Altus as rendered, but not in reality. Image: thelatus.com.au" width="580"></a>

<figcaption>The Altus as rendered, but not in reality. Image: thealtus.com.au</figcaption></figure>
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Melbourne's hotel boom draws Salta Properties into the mix

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Once a stronghold for various industries, <a href="/new-apartments/richmond-vic-3121">Richmond</a> continues to evolve as a highly sought-after inner city apartment hub. While areas north and west of the Victoria Gardens Shopping Centre have seen intense levels of apartment development, the tract of land directly south of Victoria Gardens and east of Burnley Street is now set to continue the trend.

Doonside Precinct has risen to prominence with a string of apartment developments poised to make their mark.

In recent times the initial planning to-ing and fro-ing in order to realise the Doonside precinct have been in full swing. Noteworthy is a recent report delivered by <a href="/developers/urbis">Urbis</a> arguing that proposed amendment to the Yarra Planning Scheme seeking to apply a Heritage Overlay to parts of Doonside Precinct <a href="http://www.yarracity.vic.gov.au/DownloadDocument.ashx?DocumentID=13738">would not provide a net benefit to the community</a>.

Regardless a handful of apartment developments are emerging, creating the first wave projects which will seek to call Doonside home.

<h2>Supply Co.</h2>

<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/image27_0.jpg" rel="gallery-all" title="Supply Co. Image courtesy Forza Capital"><img alt="" class="image-article-full-width-580px" height="350" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image27_0.jpg?itok=G5rs5tMD" title="Supply Co. Image courtesy Forza Capital" width="580"></a>

<figcaption>Supply Co. Image courtesy Forza Capital</figcaption></figure>First out of the gates is <a href="/developers/forza-capital">Forza Capital's Supply Co</a>. which references the site's former use. At sales is a Peddle Thorp-designed 11 level apartment building with 140 apartments included.

The site's history has not been lost upon the design team with the exterior maintaining a facade of concrete, glass and mesh privacy screens. The industrial-inspired exterior is balanced out by interiors which have been described as "Sleek, sophisticated and stylishly functional, with the warm, light tones that contrast with bright metal and natural wood."

<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/img_0117_0.jpg" rel="gallery-all" title="A piece of history retained and integrated "><img alt="" class="image-article-full-width-580px" height="360" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/img_0117_0.jpg?itok=L8oYCQai" title="A piece of history retained and integrated " width="580"></a>

<figcaption>A piece of history retained and integrated</figcaption></figure>At ground level a cafe has been incorporated, as will be the existing facade which will frame the active space.

<h2>Burnley Terrace</h2>

<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/image25_4.jpg" rel="gallery-all" title="Cera Stribley's take on a new Richmond landmark"><img alt="" class="image-article-full-width-580px" height="428" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image25_4.jpg?itok=MWKfstHC" title="Cera Stribley's take on a new Richmond landmark" width="580"></a>

<figcaption>Cera Stribley's take on a new Richmond landmark</figcaption></figure>Architecture firm <a href="/architects/cera-stribley-architects">Cera Stribley</a> recently took the wraps off <a href="http://cerastribley.com/burnleyterrace">a concept design</a> for a land parcel abutting Victoria Gardens. Selling agents for the adjoining 77 Burnley Street site have noted Salta Properties as the developer behind Burnley Terrace which is addressed 53-65 Burnley Street.

Producing a concept outlining what could be possible for the sizeable development site, the resultant 20 level tower could carry as many as 411 apartments with 488 basement car parks and 5,870sqm of retail included.

<blockquote>
The Burnley Terrace development presents a unique architectural opportunity as various constraints on the site such as its irregularity in shape and planning form controls encourage a bespoke and distinctive design outcome.

As the proposal gets higher, there is a requirement to set the building back to overcome overshadowing controls. The proposal celebrates the concept of ‘terracing’ by defining each layer with contrasting materiality.

The architecture is generally sympathetic to the area and the scale and building forms located to the main street interfaces are comparative to other surrounding buildings. Taller buildings are located to the middle to rear of the immediate precinct where they minimize the amenity impacts to the area.
<cite>Cera Stribley</cite>
</blockquote>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image26_1.jpg" rel="gallery-all" title="Block forming a possible outcome. Image courtesy Cera Stribley"><img alt="" class="image-article-full-width-580px" height="351" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image26_1.jpg?itok=w_K_J8gY" title="Block forming a possible outcome. Image courtesy Cera Stribley" width="580"></a>

<figcaption>Block forming a possible outcome. Image courtesy Cera Stribley</figcaption></figure><h2>Upcoming projects</h2>

An all but completed display suite has appeared at 1-9 Doonside Street, most likely for the pending release of 36-44 Doonside Street.

With planning approval given during 2012, the development is shaping as the next apartment release within the budding precinct. In its initial guise the multi-building development catered for in excess of 200 dwellings and held multiple retail spaces within the Rothelowman-designed scheme.

Given the lengthy time between approval and what is shaping as a likely sales launch in the near term, the project may have changed in its appearance.

<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/image32_1.jpg" rel="gallery-all" title="Initial designs for 36-44 Doonside Street and 77 Burnley Street"><img alt="" class="image-article-full-width-580px" height="253" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image32_1.jpg?itok=KzILdSXN" title="Initial designs for 36-44 Doonside Street and 77 Burnley Street" width="580"></a>

<figcaption>Initial designs for 36-44 Doonside Street and 77 Burnley Street</figcaption></figure>Changing in a different fashion is 77 Burnley Street which until recently was in the hands of St Kilda Road-based developer Pirovich. With its planning application review withdrawn during late January, the site has recently been moved on with TCI Property handling the sale.

Designed by SJB Architects, the ten level building would have featured 63 apartments split between 48 single and 15 dual bedroom dwellings. Using the neighbouring Burnley Terrace development as a template, the new proprietors may seek to add additional levels to any future planning application for their newly acquired development site.

Also waiting in the wings is Salta Properties' 25-35 River Boulevard which has the ability to deliver near on 500 new dwellings.

Factoring in the abundance of large low-rise sites both within and surrounding Doonside Precinct, the area looks capable of churning out apartment projects for many years to come.
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Richmond's Doonside Precinct emerges as a new apartment hub

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Salta Property Group has opted to transform a site with approval for a 5 Star Green Star design rated ‘A Grade’ office building into premium apartments. Already heavily active within the Victoria Street Precinct which straddles both Richmond and Abbotsford, Salta have elected to add 109 high-end apartments on the site which faces the Victoria Gardens complex.

With basement works completed onsite some years ago, the site has languished thereafter while Salta has pursued surrounding apartment developments. Not having been able to secure a tenant for the commercial project, Salta initiated the residential application process with Yarra City Council in recent months.

Designed by Bates Smart, the building will present as a 'U' shaped structure with an adjoining mezzanine stair expected to lead to the bank of the Yarra River.

<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/image5_2.jpg" rel="gallery-all" title="Hero perspective of the intended development. Image courtesy Bates Smart"><img alt="" class="image-article-full-width-580px" height="328" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image5_2.jpg?itok=n0VDjf2r" title="Hero perspective of the intended development. Image courtesy Bates Smart" width="580"></a>

<figcaption>Hero perspective of the intended development. Image courtesy Bates Smart</figcaption></figure><h2>647-649 Victoria Street application summary</h2>

<ul>
<li>Corner of Victoria Street and Walmer Street.</li>
	<li>Vacant site with completed basement</li>
	<li>Site area of 3,500sqm with 62.18m frontage to Victoria Street</li>
	<li>10 level building at 39.05 metres in height</li>
	<li>109 dwellings: 44 x 1BR, 40 x 2BR, 25 x 3BR</li>
	<li>Apartments sizes from 53sqm to 154sqm</li>
	<li>179 on site car spaces and 30 bicycle spaces</li>
	<li>Porte Cochere, Pool/Gym/Sauna and lounge/library plus residential amenity areas included</li>
	<li>Walmer Plaza running to the river's edge</li>
	<li>Project cost: $55 million</li>
</ul>
<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/image7_5.jpg" rel="gallery-all" title="The approved commercial building is now likely consigned to history. Image courtesy Colliers"><img alt="" class="image-article-full-width-580px" height="389" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image7_5.jpg?itok=BfzFXuLx" title="The approved commercial building is now likely consigned to history. Image courtesy Colliers" width="580"></a>

<figcaption>The approved commercial building is now likely consigned to history. Image courtesy Colliers</figcaption></figure><h2>The insatiable appetite for Victoria Street Precinct apartments</h2>

Usurped by the current proposal, the approved office development who's permit would have expired during 2016 was to have seen 12,692sqm of office space added, in addition to a retail outlet and conference facility. The drift from commercial to residential use is not particularly surprising given the area's surrounding context.

Recent years have seen the completion of apartment projects by developers Fusion Property Group, Salvo and Hamton in addition to Salta which remains the biggest property player in the area. These various projects amount to a very substantial 1,818 dwellings being added to the precinct, in addition to 93 serviced apartments delivered by Salta and operated by Quest.

Salta also has the final stage of A Place To Live under construction with 63 apartments in tow while Hamilton Marino are working on Blue Earth Group's Playhouse apartment project with a further 310 dwellings under construction.

Furthermore Supply &amp; Co which is at sales will add another 139 apartments to the mix while numerous other projects are at planning assessment or approval.

<h2>Salta's shift to apartment development</h2>

<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/fqu_201404241.jpg" rel="gallery-all" title="Green Square is now part of the Victoria Street landscape"><img alt="" class="image-article-full-width-580px" height="379" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/fqu_201404241.jpg?itok=_g5xEJkj" title="Green Square is now part of the Victoria Street landscape" width="580"></a>

<figcaption>Green Square is now part of the Victoria Street landscape</figcaption></figure>Active across all sectors of development, Salta have made a concerted effort to bolster their residential pipeline for the coming years. Victoria Street Precinct will see two additional projects, with the second stage of Green Square diagonally opposite Victoria Gardens due to be released during 2016.

Also nearby in Salta's keeping is 25-35 River Boulevard with near on 500 dwellings approved. Elsewhere Salta have Essence South Yarra under construction, with 699 La Trobe Street, the Preston Market redevelopment and a joint venture with Asia One for 63 Exhibition Street set as forthcoming residential projects.
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Salta's Walmer project adds to the Victoria Street apartment surge

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Editor's note: all images and information included below were extracted from a pre-application submission lodged in March 2013.

The subject of today's article is a proposal for a residential tower on a prominent Docklands site. Acquired by <a href="http://www.salta.com.au/">Salta Properties</a> back in December 2008, the site sits on the corner of Harbour Esplanade and provides an opportunity for a major contribution to the Esplanade and as an entry statement for Docklands.

Engaging <a href="http://www.fkaustralia.com/">Fender Katsalidis</a> during 2010, the team initially produced a 36-storey mixed-use scheme that had a number of features recognizable in previous FKA-designed projects. A glazed residential tower with a tiered envelope that sat upon a commercial wrap around a carpark podium - providing a bookend to Victoria Point to the south. The proposal was lodged and was to be Salta's signature Docklands project but ultimately never saw the light of day.

An article from The Age briefly touching on the proposal can be seen below:

<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/695_article.png" rel="gallery-all" title="Commercial property article. © Fairfax"><img alt="" class="image-article-full-width-580px" height="640" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/695_article.png?itok=a-Is2WGY" title="Commercial property article. © Fairfax" width="580"></a>

<figcaption>Commercial property article. © Fairfax</figcaption></figure>Fast forward three years and a shorter design has been put on the table that has significantly deviated from the language of the previous proposal. Expressed as a series of staggered volumes the new scheme looks to limit the amount of overshadowing across the Etihad Stadium playing turf. Changes between the two designs are described below:

<h2>Previous vs Current Scheme</h2>

<table border="1" cellpadding="1" cellspacing="1" style="width: 100%;">
<thead><tr>
<th>Aspect</th>
			<th class="rtecenter">Previous</th>
			<th class="rtecenter">Current</th>
		</tr></thead>
<tbody>
<tr>
<td>Height</td>
			<td class="rtecenter">124.3m</td>
			<td class="rtecenter">Stepped from 78.05m</td>
		</tr>
<tr>
<td>No. floors</td>
			<td class="rtecenter">36 storeys</td>
			<td class="rtecenter">Stepped from 23 storeys</td>
		</tr>
<tr>
<td>Apartments</td>
			<td class="rtecenter">336</td>
			<td class="rtecenter">Approx. 303</td>
		</tr>
<tr>
<td>Parking</td>
			<td class="rtecenter">338</td>
			<td class="rtecenter">Approx. 309</td>
		</tr>
<tr>
<td>Commercial</td>
			<td class="rtecenter">3,896m2</td>
			<td class="rtecenter">Approx. 2,114m2</td>
		</tr>
<tr>
<td>Retail</td>
			<td class="rtecenter">598m2</td>
			<td class="rtecenter">Approx. 674m2</td>
		</tr>
<tr>
<td>GFA</td>
			<td class="rtecenter">49,669m2</td>
			<td class="rtecenter">Approx. 41,941m2</td>
		</tr>
</tbody>
</table>
The submission focuses heavily on the merits of the proposal's ground plane condition with retail tenancies located to the north and south, interspersed with lobbies for the commercial and residential components. Featuring strong vertical timber column and blade elements, the design provides a contrast to the otherwise concrete and glazed structure.

Vehicular entries to the car park and loading dock are located along the eastern boundary while a public thoroughfare separates the proposal from the existing Channel 7 digital broadcast centre.

<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/ground_plane.png" rel="gallery-all" title="Rendered ground plane. © FKA"><img alt="" class="image-article-full-width-580px" height="410" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/ground_plane.png?itok=mEOOM01D" title="Rendered ground plane. © FKA" width="580"></a>

<figcaption>Rendered ground plane. © FKA</figcaption></figure><h2>Comment</h2>

One suspects that Salta will most likely follow the lead of <a href="https://charterhall.com.au/">Charter Hall</a> and <a href="http://premiercapitaldevelopments.com.au/">Flagship Property Holdings</a> and look to offload the site. At time of writing the site next door at 685 La Trobe Street is currently under contract.

The potential for a far more ambitious scheme would be most welcome for a site that demands something special. I'm of the opinion that an amalgamation of the two sites would offer the best outcome for the site and allow for a more successful interface and relationship between potentially multiple buildings.

If the scheme as detailed above is to proceed then I believe a further level of design refinement is required.
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