<a href="https://www.apartments.com.au/developers/skymark-group">Skymark</a>'s boutique Cronulla development Solis has secured a 10-year Latent Defects Insurance policy through Resilience Insurance, providing buyers of the 16-residence building on Ewos Parade with structural and waterproofing protection that extends a decade beyond the building's completion.

Currently under construction and due for completion in late 2027, <a href="https://www.apartments.com.au/new-apartments/solis-cronulla-8-ewos-parade-cronulla-nsw-2230">Solis</a> is one of a small number of new developments in the Sutherland Shire to carry Resilience LDI coverage, a distinction that carries increasing weight as buyer confidence in the off-the-plan sector continues to be shaped by how developers stand behind their product.

Latent Defects Insurance, which entered the Australian market in 2022 when Resilience Insurance was approved to offer the cover, protects buyers against major structural or waterproofing defects for ten years post-completion. Unlike traditional statutory warranties, it operates as a first-resort policy, if a covered defect arises, the insurer responds directly, without the buyer needing to pursue the builder or developer through a lengthy claims process.

Resilience Insurance CEO Corey Nugent has noted that the product addresses something fundamental to the new apartment market.

"The overarching feedback from prospective buyers in the new development space is that they want more confidence and assurances around the quality of the build," Nugent says.

"Resilience Insurance Latent Defects Insurance not only gives them complete peace of mind for 10 years, but it shows the developer they are buying from is standing by their product."

[smartcode_project:default project_id=150499 project_image_fid=370898]

For Solis, the Resilience LDI policy adds a meaningful layer of accountability to an already considered project. The development comprises nine two-bedroom and seven three-bedroom residences, including one dual-level three-bedroom apartment, across a five-storey building on Ewos Parade, positioned between Shelly Beach and South Cronulla.

Garden apartments connect directly to private landscaped courtyards, while upper-level homes capture beach views to the east from level four and above.&nbsp;

All 16 residences include at least one balcony or courtyard, and select apartments on the upper floors feature bar areas and secondary flexible living spaces.

Hiba Sander, Managing Director of Skymark, says Solis offers a rare balance, nestled between the quiet beauty of secluded beaches and the lively charm of South Cronulla's esplanade.

"It's a place to choose your pace and live gracefully, seaside'," Sander says.

[smartcode_project:default project_id=150499 project_image_fid=370900]

The architecture, designed by <a href="https://www.apartments.com.au/architects/ida-design-group">IDA Design Group</a>'s Michael Trinh, draws from the natural erosion patterns of <a href="https://www.apartments.com.au/developments/cronulla-nsw-2230">Cronulla</a>'s sandstone headlands, translating the organic forms of the coastline into soft curves, pavilion-style massing, and a material palette chosen for longevity in a salt-tinged environment.&nbsp;

Textured natural stone, soft renders, and timber-look battens reference the tones of the surrounding cliffs, while the building has been oriented to maximise natural light and passive ventilation, with primary living spaces facing north and east to capture morning sun and sea breezes.

"At Solis, our aim was to create architecture that feels quietly confident, grounded in natural materials like stone and timber, and elevated by light and landscape," Trinh says.&nbsp;

"The buildings are designed to sit gently within their coastal surrounds, with expansive glazing and abundant greenery creating a seamless dialogue between inside and out."

[smartcode_project:default project_id=150499 project_image_fid=370897]

Interiors by <a href="https://www.apartments.com.au/architects/hot-black">Hot Black</a> carry the same material language through to every room. Kitchens feature integrated Gaggenau appliances, sculpted stone benchtops, and Lo &amp; Co joinery, while bathrooms feature natural stone, timber, and brushed metal finishes.&nbsp;

Hot Black Founder and Design Director Sophie Safrin describes the intent as one of considered restraint: "At Solis, every detail has been thoughtfully considered to create a timeless coastal retreat, calm, refined, and effortlessly liveable. From natural finishes to seamless indoor-outdoor flow, Solis offers a quiet elegance that's deeply connected to its surroundings.

The landscape, designed by Julian Brady of <a href="https://www.apartments.com.au/landscape-architect/sitedesignstudios">Site Design Studios</a>, treats green space as an integral part of the resident experience rather than an afterthought.&nbsp;

"Gentle curves and layered native plantings mirror the ebb and flow of the ocean," Julian Brady says, "creating a serene connection between architecture and place."&nbsp;

Coco Republic has provided bespoke furniture packages tailored to the project's coastal palette.

[smartcode_project:default project_id=150499 project_image_fid=370899]

Skymark has an established track record in the Sutherland Shire, with a portfolio spanning Cronulla, Woolooware and Burraneer that includes Isla, Sylva, Bask, Shells, Sula and Mist. Securing LDI on Solis reflects a broader shift in how the developer is positioning its buildings to buyers, at a time when Resilience Insurance expects the policy to become mandatory in New South Wales by 2028.

Sales at Solis are launching soon through Ray White Projects, with an official event scheduled for 11 June. Enquire for more information.

[smartcode_project_cta:default project_id=150499]

Joel Robinson

Skymark takes out 10-year Resilience Insurance LDI at Solis Cronulla

Investors may soon find themselves with fewer reasons to buy established property and more incentives to look towards the new apartment market.

Proposed changes to negative gearing and capital gains tax concessions would see new and off-the-plan apartments retain access to the tax benefits, while established properties would miss out, creating a clear advantage for buyers purchasing newly built housing.

The policy direction aligns with what many developers have been saying for several years. Australia needs more housing supply, and governments are increasingly looking for ways to encourage investment into new stock rather than existing homes.

The challenge for investors is that suitable product is becoming harder to find.

For much of the last decade, one-bedroom apartments were the cornerstone of investor demand. They offered a lower entry price, strong rental appeal, and were a common feature across most apartment developments.

Today, the development pipeline looks very different.

Across both New South Wales and South East Queensland, developers are increasingly targeting owner-occupiers and downsizers, delivering larger two, three and four-bedroom apartments in response to changing buyer preferences. While one-bedroom apartments still exist, they now form a much smaller portion of many new projects.

That shift has created a shortage of investor-friendly stock, particularly in well-located projects close to transport, employment hubs and lifestyle amenity.

At the same time, rising apartment prices have pushed many new developments beyond the reach of traditional investors. On the Gold Coast and across South East Queensland, it's becoming increasingly difficult to find new apartments priced around the $1 million mark, particularly those offering strong rental fundamentals and long-term growth prospects.

We've rounded up four new apartment developments where investors can still secure a foothold in the market for around $1 million or less.

<h2 data-end="1140" data-start="844">Flourish Soleira</h2>

<h2>Priced from: $1.07 million</h2>

Popular Palm Beach developer Sherpa is soon to officially launch its newest local apartment development, Flourish Soleira.

The one-bedroom apartments in the building were only offered to first home buyers rather than investors, and all of those have been snapped up. The two-bedroom apartments will start from $1.07 million, and the three-bedrooms, still a good investment given the popularity of Palm Beach for owner-occupiers, starting at $2,045,000.

&nbsp;

[smartcode_project:default project_id=150017 project_image_fid=370964]

Flourish Soliera will comprise 153 apartments across two buildings, connected by a skybridge, the first ever delivered in the suburb.

True to Sherpa's booming Flourish brand of apartment projects, Flourish Soleira will have extensive rooftop amenity across both buildings including a&nbsp;wellness centre with gym, work from home, yoga, pilates, a&nbsp;heated pool, private dining rooms, pizza oven and barbecues, basketball court, and golf simulator.

<h2>Corallo, Palm Beach</h2>

Priced from: $841,500

Nearby Flourish Soleira is Changfa Group's beachfront-inspired Corallo development. They still have some one-bedroom apartments remaining, priced from $841,500.

The 105-apartment project on Palm Beach Avenue is otherwise dominated by larger two and three-bedroom residences, many of which are aimed at owner-occupiers and downsizers.

[smartcode_project:default project_id=112194 project_image_fid=808]

For investors, the appeal lies in Palm Beach's continued transformation from a laid-back beachside suburb into one of the Gold Coast's most sought-after residential markets. Residents at Corallo will be within walking distance of Palm Beach's surf beaches, the recreational amenity of Tallebudgera Creek, and the increasingly popular collection of cafes, restaurants and boutique retailers along the suburb's central dining precinct.

<h2>Corner House, Stones Corner</h2>

<h2>Priced from: $880,000</h2>

One of only two Brisbane apartment developments to make the list with prices under $1 million is DeMartini Fletcher's Corner House development in Stones Corner.

One-bedroom apartments start from $880,000 within the 88-apartment development, providing investors with exposure to one of Brisbane's most established inner-south locations.

[smartcode_project:default project_id=149098 project_image_fid=330594]

Stones Corner has long been supported by strong tenant demand due to its proximity to major employment and education destinations. The suburb sits less than five kilometres from Brisbane's CBD and is within easy reach of the Princess Alexandra Hospital, Greenslopes Private Hospital, Queensland Children's Hospital and several university campuses.

The project's location within a walkable urban village environment, surrounded by retail, dining and public transport infrastructure, continues to attract both professionals and healthcare workers seeking accommodation close to work.

Parkdrive Apartments, Chermside

Priced from: $749,000

The most affordable apartments across Brisbane's new and off the plan market are in Chermside where developer AusDev is selling one-bedroom apartments from $749,000, and two-beds from $929,000, at its recently launched Parkdrive development.

The development is strategically positioned in one of Brisbane's largest employment and retail precincts, placing residents within easy walking distance of Westfield Chermside, The Prince Charles Hospital, St Vincent's Private Hospital Northside and the suburb's major bus interchange.

[smartcode_project:default project_id=152125 project_image_fid=363782]

Already under construction and scheduled for completion in early 2028, Parkdrive benefits from Chermside's ongoing evolution into Brisbane's northern metropolitan centre. The suburb continues to attract significant public and private investment, supporting population growth and underpinning long-term rental demand.

For investors focused on yield and tenant depth, the combination of healthcare, retail and transport infrastructure within close proximity provides a strong foundation for occupancy and rental performance.

Investors to turn to new apartments after Federal Government changes spark hunt for Queensland's best $1 million apartments

A mix of Gold Coast locals, fly-in, fly-out purchasers from Sydney and Melbourne, and Brisbane-based families has driven early sales success at Broadbeach's newest apartment tower, Lumara.

The 26-level project, a joint venture between builder-developer 5Point Projects and Bourke Projects, comprises just 37 luxury residences and is attracting a buyer profile that is looking for exclusivity, above the most amenity-rich suburb on the Gold Coast.

[smartcode_project:default project_id=150454 project_image_fid=364156]

Jamie Bourke, Director of Bourke Projects, says every buyer secured so far intends to use Lumara as a lock-up-and-leave residence, combining holiday use with the ability to work remotely when required.

“The size of the apartments, both half- and full-floor options, and the different zones within the floorplans, lends itself perfectly to dedicated home office setups and multi-generational family holidays,” Bourke says.

That flexibility has become a key drawcard for affluent buyers seeking a second residence on the Gold Coast without sacrificing the ability to conduct business away from their primary home base.

The absence of holiday letting within the building has also resonated strongly with purchasers.

“This type of buyer doesn't need to generate holiday rental income,” Bourke says. “They're paying for exclusivity, privacy and certainty around who their neighbours are.”

[smartcode_project:default project_id=150454 project_image_fid=366491]

The strong demand comes amid broader shifts in the high-end apartment market following the Federal Budget announcements in May.

“We were already seeing strong enquiry from high-net-worth buyers, but that has only accelerated since the policy changes,” Bourke says.

“A lot of those buyers are looking to place more capital into premium lifestyle assets rather than investment-grade stock that has been targeted by the Federal Government.”

[smartcode_project:default project_id=150454 project_image_fid=366486]

Designed by Cottee Parker, Lumara adopts a slender, sculpted form with an emphasis on natural materials suited to its beachfront setting. The architectural approach draws on coastal influences, with a palette of stone, timber and concrete selected for durability and the ability to weather over time.

Apartments are limited to three and four-bedroom configurations, with a maximum of two residences per floor through the mid-levels and a selection of full-floor and dual-level homes in the upper levels. All apartments are oriented to the north to maximise natural light, cross-ventilation and views across the ocean, city skyline and hinterland.

A two-level amenity offering is positioned high within the building on levels 20 and 21, conceived as a sky wellness retreat. Facilities include a magnesium pool, spa, sauna and steam rooms, alongside more social spaces such as a private dining room, resident lounge, workspaces and outdoor barbecue areas integrated with landscaped greenery.

The uppermost levels are reserved for larger-format residences, including several full-floor homes and a dual-level penthouse with its own private wellness features and recreational spaces.

&nbsp;

To give buyers confidence, 5Point and Bourke commenced construction ahead of the apartments launching to the market, a sure-fire way to prove they mean business, and the building will be delivered. They are targeting a 2028 completion date.

[smartcode_project_cta:default project_id=150454]

Locals, interstate holiday makers, drive early sales at Lumara, Broadbeach's newest luxury apartment tower

Often when it comes to purchasing property, the biggest barrier to entry is the deposit. Buyers of established homes typically aim for a 20 per cent deposit to avoid the added cost of Lenders Mortgage Insurance, while most property transactions require around a 10 per cent deposit when contracts are exchanged.

The off-the-plan market works differently, with buyers typically paying a deposit during construction and settling the balance upon completion. As completion approaches at <a href="https://www.apartments.com.au/new-apartments/fabbrica-fitzroy-369-gore-street-fitzroy-vic-3065">Fabbrica Fitzroy</a>, developer <a href="https://www.apartments.com.au/developers/pace-development-group">Pace</a> is making it easier for buyers to secure a residence through a deposit-matching incentive. Purchasers need only contribute a five per cent deposit*, with Pace matching the remaining five per cent.

The offer comes as Pace unveils a completed display apartment and townhouse, now available for inspection by appointment ahead of the project's Spring completion.

[smartcode_project:default project_id=139552 project_image_fid=371009]

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/winwood-mckenzie-architecture">Winwood Mckenzie</a> and landscaping by <a href="https://www.apartments.com.au/landscape-architect/acre">Acre</a>, Fabbrica draws on Fitzroy’s industrial and manufacturing history, incorporating references to the former Argyle Shirt Factory and Life Savers Confectionery Company that once occupied the site.

The development comprises 85 residences, spanning low-maintenance apartments through to larger-format townhouses with private street access and double lock-up garages, a relatively uncommon offering in Fitzroy’s higher-density apartment market.

Pace says the project has been designed to appeal to buyers seeking inner-city convenience without sacrificing space, flexibility, or amenity.

[smartcode_project:default project_id=139552 project_image_fid=371016]

Inside the residences, Winwood Mckenzie has focused on adaptable layouts and integrated detailing, with features including custom joinery, and concealed storage solutions. The material palette leans into warm, tactile finishes intended to complement the building’s industrial architectural language.

Fabbrica’s rooftop amenity is a key part of the project offering. Spanning around 800 sqm, the communal rooftop includes a private dining room, communal kitchen, lounge spaces, work-from-home zones, and outdoor dining areas overlooking the Melbourne CBD skyline.

[smartcode_project:default project_id=139552 project_image_fid=371017]

Landscape architecture studio Acre has introduced a layered rooftop garden designed to soften the urban setting while creating a more communal environment for residents.

The Fitzroy location also positions residents within walking distance of Brunswick Street, Smith Street, parks, cafés, galleries, and public transport, while remaining only minutes from Melbourne’s CBD. The project has an enviable Walk Score of 96.

[smartcode_project:default project_id=139552 project_image_fid=371025]

Pace, which is also delivering the project as builder, has developed more than 100 projects across Melbourne over the past three decades. The vertically integrated approach has become increasingly common among developers seeking greater control over construction delivery amid broader market pressures affecting the apartment sector.

The strikingly contemporary Gore Street development is now around 70 per cent complete, with purchasers expected to move into their new homes in Spring 2026. A limited number of residences remain available under the current deposit match offer.

*Conditions apply in relation to the deposit match offer.

[smartcode_project_cta:default project_id=139552]

Pace offers five per cent deposit match at Fabbrica Fitzroy ahead of Spring completion

Sydney developer Hyecorp's roots on the Lower North Shore stretch back three generations, and that deep understanding of the market continues to shape where and how it develops today.

From high-rise towers to boutique apartment projects, the family-run developer has built its reputation by focusing on a part of Sydney it knows intimately. Founded by Michael Abolakian in the early 1990s, Hyecorp is now led by his sons Stephen, Troy and Patrick.

Stephen Abolakian, joint managing director alongside Troy, has spent more than two decades in the business, overseeing development, planning, finance, marketing and sales.

Abolakian says the developer's disciplined focus on where it chooses to operate has been, and continues to be, one of Hyecorp's greatest strengths.

“We know the buyer profile exceptionally well,” Abolakian says.

“The demographics between places like Willoughby, Chatswood, St Leonards and Roseville are very similar. There are nuances between suburbs and projects, but culturally and from a buyer perspective, there’s a strong overlap.”

That buyer has historically been overwhelmingly owner-occupier driven.

Unlike many Sydney apartment developers that have traditionally relied heavily on investor demand, Hyecorp’s projects have typically attracted downsizers, upsizers, rightsizers and family owner-occupiers seeking long-term homes rather than short-term investments.

“Historically, investors have been a much smaller portion of our demand profile,” Abolakian says.

“We design for owner-occupiers. We don’t design for yield, we design for comfort, amenity, family living and long-term usability.”

That philosophy extends well beyond apartment layouts.

From landscaping and communal gardens to shared amenities and circulation spaces, Hyecorp’s developments are designed around how people actually live, something Abolakian believes has become increasingly important in Sydney’s apartment market.

“There was probably a period where having an approved project in market was enough,” he says.

“There wasn’t as much competition and if you built it, buyers would come. That’s no longer the case.”

“There’s more supply in the pipeline now, particularly with TOD precincts and low and mid-rise reforms opening up opportunities across Sydney. Buyers have more choice, so if you get the product wrong, they’ll simply go elsewhere.”

[smartcode_project:default project_id=110379 project_image_fid=311393]

The shift has forced developers to become more sophisticated in how they approach apartment design, particularly as owner-occupier expectations continue to rise.

For Hyecorp, that means thinking beyond who the buyer is today and designing for who they may become in five or 10 years' time.

“People buying now often aren’t moving in for several years,” Abolakian says.

“You might have a young couple buying today, but by the time they move in they may have children, older children, or changing lifestyle needs. You’ve got to think about how families evolve.”

That thinking also shapes Hyecorp’s approach to amenity, which positions wellness at the forefront.

[smartcode_project:default project_id=149594 project_image_fid=362634]

While resort-style facilities have become increasingly common marketing tools across Sydney apartment developments, Abolakian says the challenge is ensuring amenities are genuinely usable and appropriate for the scale of the project.

“If amenities are done right, they can materially improve the living experience,” he says, adding however that if you&nbsp;overdo it or get it wrong, you can end up with facilities nobody uses that simply create ongoing strata costs.”

That balance is something Hyecorp is aiming to strike with projects like Roseville Avenue, one of the group's upcoming Lower North Shore developments, which Abolakian describes as bringing a resort-style living experience into a metropolitan setting.

“It’s about creating something that feels special without being excessive,” he says.

“Good gardens, quality apartments, thoughtful amenity. Creating that resort feeling in a metro location.”

<img alt="Hyecorp" data-entity-type="file" data-entity-uuid="13c4c0f3-b1b7-44cf-9344-0b3d1d07797a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-02%20at%2012.14.57%E2%80%AFPM.png?VersionId=9OLWjyj2bYkDV35F78WJnyMSPfc2bJ2z" />

The focus on owner-occupier product comes as Sydney’s apartment market continues to navigate a difficult development environment.&nbsp;For Hyecorp, maintaining an in-house operating model across construction, sales, marketing and development management has become increasingly important in navigating that environment.

“We’ve always believed in keeping a lot of the process in-house,” Abolakian says.

“It creates efficiencies, but it also creates quality control. You can make faster decisions and ensure the end product stays aligned with the original vision.”

Despite the challenges, Abolakian believes demand for quality owner-occupier apartments across Sydney remains strong beneath the surface, particularly across established Lower North Shore suburbs where downsizers continue to seek new housing options close to existing communities.

“There are definitely people waiting,” he says.

“Once some of the broader uncertainty settles, whether that’s the global environment or some of the local economic noise, I think the right projects will perform very strongly.”

Hyecorp currently has three residential developments on the market across Sydney’s Lower North Shore.&nbsp;Audrey, St Leonards, positioned opposite Newlands Park, is nearing completion and preparing to welcome its first residents, with the project now almost sold out.

Hyecorp has also recently launched&nbsp;<a href="https://www.apartments.com.au/new-apartments/celine-chatswood-37-archer-street-chatswood-nsw-2067">Celine Chatswood</a>, an architectural tower, while continuing to deliver&nbsp;<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet Roseville</a>, a more boutique scale of development with just 34 apartments.

Why Hyecorp continues to back Sydney's Lower North Shore apartment market

Skyscrapers

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The year's first large-scale permitted site to be offered for sale will see Dexus Property Group exit as the long-term holder of 32 Flinders Street.

Dexus has over recent years headed a planning push to have the site find a different purpose, eventually gaining approval for two residential buildings onsite that could yield hundreds of new apartments overlooking Birrarung Marr and surrounds. The prospective buyer will not only have the right to develop the property, but could also maintain the existing commercial asset. 

Agent CBRE City Sales have the task of moving on the property which currently holds 546 car spaces and generates a net income in excess of $2 million annually.

<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/image114_0_0.jpg" rel="gallery-all" title="A different perspective at a different height. Image: SJB Architects"><img alt="" class="image-article-full-width-580px" height="384" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image114_0_0.jpg?itok=3HUlERdS" title="A different perspective at a different height. Image: SJB Architects" width="580"></a>

<figcaption>A different perspective at a different height. Image: SJB Architects</figcaption></figure>The site is listed as holding approval for 47 levels to Flinders Street and a more modest 14 levels building to Flinders Lane. This is down from the original version that has sought a 212 metre outcome including 625 dwellings. The height of the SJB Architects-designed tower has fallen to 175 metres AHD so as not to cast a shadow within 15 metres of the north bank of the Yarra.

The development did gain support form planning officers at 191 metres AHD, and Dexus subsequently lodged an appeal with VCAT over the eventual height. With that effort failing, Dexus's apartment yield for the development would have likely fallen in excess of 20 percent since the project's initial visit to planning.

Alongside the apartment towers, the scheme also involves an extensive ground floor reconfiguration, enhancing pedestrian network connections and at one stage had intended to gift the private portion of Spark Lane to Melbourne City Council.

<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/image2dex.jpg" rel="gallery-all" title="A new and improved Flinders Street frontage may eventuate. Image: Dexus"><img alt="" class="image-article-full-width-580px" height="368" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image2dex.jpg?itok=ww9zgK6H" title="A new and improved Flinders Street frontage may eventuate. Image: Dexus" width="580"></a>

<figcaption>A new and improved Flinders Street frontage may eventuate. Image: Dexus</figcaption></figure>Currently, the car park adds little to the Flinders Street urban realm. The prospect if it making way for a new and activated building along with the expansion of the adjoining Lindrum Hotel does raise the likelihood of the rejuvenation of the urban realm in this portion of the CBD.

Under the development application expectations, a rebirthed 32 Flinders Street would:

<ul>
<li>Providing a new pedestrian connection from Flinders Lane to Sargood Lane</li>
	<li>Providing new retail activation &amp; interfaces</li>
	<li>Consolidating vehicular access at Flinders Street, away from the laneways</li>
	<li>Allowing Spark Lane to be optimised by removing the existing 5 level car parking link bridge above</li>
	<li>Providing a new lobby address to Spark Lane by gifting MCC with private land</li>
	<li>Allowing for greater passive surveillance throughout the area</li>
</ul>
</body></html>

silvermb

Dexus opts out of Flinders Street and opens the door to a new urban realm

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After consecutive years of towers upon towers coming to the fore, Box Hill is in a planning lull.

Although the development scene is still exceptionally strong, the dearth of major applications at planning is allowing the suburb to absorb current stock. At this stage 837 Whitehorse Road is the major project under assessment; it is looking to add apartments and a hotel component on what is now a Bridgestone dealership.

In terms of major projects at sales, <a href="/buildings/panorama-box-hill-826-834-whitehorse-road-box-hill">Panorama</a> and <a href="/buildings/east-central-tower-820-whitehorse-road-box-hill">Central East</a> are the developments of note, although CBD Development Group have signage up across 851 Whitehorse Road. The developer settled the permitted site late last year and now has the right to develop near on 500 apartments and a 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/image21_9_0.jpg" rel="gallery-all" title="Plus Achitecture's Box Hill giant"><img alt="" class="image-article-full-width-580px" height="364" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image21_9_0.jpg?itok=-2jrEWcq" title="Plus Achitecture's Box Hill giant" width="580"></a>

<figcaption>Plus Achitecture's Box Hill giant</figcaption></figure>Epworth HealthCare, Box Hill Institute and the Salvation Army's plans for an integrated Box Hill Health and Education Precinct are progressing.

In line with Epworth's approved expansion coming to fruition, the tripartite agreement also includes Box Hill Institute creating "a state-of–the-art nurse training facility to supply the hospital’s nursing requirements. It will also allow for a significant upgrade to Box Hill Institute’s music, fashion and arts facilities and see the Salvation Army move to a new purpose-built facility on Whitehorse Road."

As part of the plans, a new residential tower reaching 29 levels is likely to be delivered above the nurse training centre. It's expected that as many as 1,568 residents, workers and students will be added via 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/epworth-eastern-redevelopment-780x250.jpg" rel="gallery-all" title="Epworth's Box hill tower"><img alt="" class="image-article-full-width-580px" height="186" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/epworth-eastern-redevelopment-780x250.jpg?itok=LqtWNoXp" title="Epworth's Box hill tower" width="580"></a>

<figcaption>Epworth's intended Box hill expansion</figcaption></figure>757 Station Street has bucked the apartment trend with builder Xerri Group placing its signage on the long-vacant site. Expected is a basement plus four level childcare complex which replaces a scheme of 39 apartments for the corner 1,386 square metre landholding.

999 Whitehorse Road has begun construction after a highly successful sales campaign which accounted for all 100 plus apartments within the Hayball-designed apartment building.

A mix of one and two bedroom apartments, 999 Whitehorse Road is a follow-up project by the same developer and architect which oversaw the delivery 8 Wellington Road last year, which accommodates 82 residential apartments over 8 levels.

<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_5952.jpg" rel="gallery-all" title="Chloe's progress on Irving Street"><img alt="" class="image-article-full-width-580px" height="375" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/img_5952.jpg?itok=ngr5wOHA" title="Chloe's progress on Irving Street" width="580"></a>

<figcaption>Chloe's progress on Irving Street</figcaption></figure>Irving Avenue's position over Box Hill Gardens continues to see developers eyeing off remaining lots that have not yet gone the way of high density. Post a number of recent apartment project completions and the pending completion of Chloe, further developments are in the pipeline.

21 Irving Avenue is at planning, seeking a fourteen-storey mix-use tower development. Orbit Architecture are showcasing a project at 11-13 Irving Avenue dubbed Valise, which "seeks to provide 86 apartments of a varied mix of typologies (2 bedroom, 3 bedroom and 4 bedroom over 10 storeys) with an emphasis on high-quality architectural design that is a sensitive inclusion within in its evolving precinct.

Additional street front activation is proposed through the medical suites to Bruce Street linking up with the food and drink on Irving Avenue fronting Box Hill Gardens." 

11-13 Irving Avenue spans 1,476 square metres and was successful sold by agents Buxton late last year.

<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/image53_5.jpg" rel="gallery-all" title="Orbit Architecture's take on a new 11-13 Irving Avenue"><img alt="" class="image-article-full-width-580px" height="302" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image53_5.jpg?itok=139iyIYZ" title="Orbit Architecture's take on a new 11-13 Irving Avenue" width="580"></a>

<figcaption>Orbit Architecture's take on a new 11-13 Irving Avenue</figcaption></figure>On the flipside, an Orbit Architecture-designed application for a hotel on the corner of <a href="http://www.orbitarchitecture.com.au/portfolio_page/station-street-hotel/">Irving Avenue and Station Street</a> was rejected by Whitehorse late last year. At 11 levels it was to have included 76 guest suites and ancillary facilities.
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The Box Hill development news wrap

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As expected GreenFort Capital is in the process of creating one of Melbourne's largest student accommodation projects at 478-488 Elizabeth Street.

It was <a href="http://www.afr.com/real-estate/commercial/development/greenfort-capital-snaps-up-melbourne-highrise-site-for-35m-20170913-gygn25">revealed during September</a> that the alternative real estate investment outfit secured the site at the top end of Elizabeth Street for $35 million. GreenFort Capital is headed by Adam Vaggelas who was previously with Blue Sky, with that operator rolling out three separate projects in Melbourne under the Atira Sudent Accommodation banner.

GreenFort Capital's Elizabeth Street project is their first in Melbourne, and has the financial backing of Goldman Sachs.

New plans for the 1,172sqm site at 478-488 Elizabeth Street sees a new 52 level tower on the cards, incorporating 864 student beds. This figure is broken down into ensuite studios (59%), twins (7%), ensuited 5 bedroom clusters (23%), ensuited 7 bedroom clusters (3%), 2 bedroom cluster with shared bathroom (5%) and DDA bedrooms (3%).

According to documents the development will include a minimum of 26 accessible rooms to cater for people with disabilities. 

Holding a build value close to $100 million, 478-488 Elizabeth Street also includes 180 bicycle bays, common areas and retail tenancies at street level. The tower's facade will be a mix of curtain wall glazing, precast concrete and screens, with all habitable areas having access to openable windows.

Slated for a 5 Star Green Star Rating, 478-488 Elizabeth Street's reworked purpose is based upon the following design principles:

<ul>
<li> Co-located community meeting places &amp; terraces</li>
	<li>Public realm primacy and eligibility</li>
	<li>Civic scale and detailed streetscapes and interfaces</li>
	<li>Reinforcing the Local, Social, Natural and Built Context</li>
	<li>Memory, material response and identity</li>
	<li>Resilience and Sustainability</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/image28_2_0.jpg" rel="gallery-all" title="The original tower proposed onsite. Image: Elenberg Fraser"><img alt="" class="image-article-full-width-580px" height="815" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image28_2_0.jpg?itok=5k3PN9Ff" title="The original tower proposed onsite. Image: Elenberg Fraser" width="580"></a>

<figcaption>The original tower proposed onsite. Image: Elenberg Fraser</figcaption></figure>A 52 level student accommodation outcome is a far cry from the tower's original form. 68 levels onsite was expected at the project's first run at planning, resulting in a tower of 208.4 metres in height containing 383 apartments plus 198 hotel suites over lower levels.

Lodged during mid 2015 prior to amended planning rules being implemented, 478-488 Elizabeth Street slots in between two of Melbourne's tallest residential buildings, namely Vision Tower and Victoria One. Elenberg Fraser was the architect of choice prior to GreenFort Capital assuming control of the site.

Construction is likely to begin next year given construction tenders have come to a close for the development.
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488 Elizabeth Street turns to student accommodation

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Little Lonsdale Street wouldn't immediately be considered Melbourne's most glamorous thoroughfare, but for the time being at least the street which spans the length of the CBD is attracting more than its fair share of high-end development and construction value.

Billions of dollars in fact, as seven major projects at various stages of construction are gradually changing the feel and composition of Little Lonsdale Street. The majority of these builds gained approval under previous planning regulations, turning Little Lonsdale Street into somewhat of a showcase of previous planning attitudes. 

Nonetheless construction marches on, with two vastly different projects currently bookending Little Lonsdale Street, and both under the guidance of Probuild.

<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/image22_12.jpg" rel="gallery-all" title="Progress across Australian Unity and West Side Place"><img alt="" class="image-article-full-width-580px" height="234" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image22_12.jpg?itok=FbLDfwor" title="Progress across Australian Unity and West Side Place" width="580"></a>

<figcaption>Progress across Australian Unity and West Side Place</figcaption></figure>Intersecting Spring Street and Little Lonsdale, ISPT and Probuild are delivering 271 Spring Street, a $150 million mixed-use tower on the edge of the CBD. The 16-storey building has been designed by John Wardle Architects and will become the new headquarters for Australian Unity, which has agreed to a 15-year term over the entire 15,600sqm build. 

Conversely Probuild are also moving on the first stage of West Side Place at the opposite end of the city. In time the builder will deliver the first stage of the project, involving thousands of apartments and a Ritz-Carlton hotel.

At 81 and 64 levels, both towers will comfortably surpass the 200m mark, with the first phase of West Side Place scheduled for completion in 2022.

<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_10.jpg" rel="gallery-all" title="Union Tower and 399 Little Lonsdale in view, along with the rear of 380 Lonsdale"><img alt="" class="image-article-full-width-580px" height="326" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image25_10.jpg?itok=0SfWGDLF" title="Union Tower and 399 Little Lonsdale in view, along with the rear of 380 Lonsdale" width="580"></a>

<figcaption>Union Tower and 399 Little Lonsdale in view, along with the rear of 380 Lonsdale</figcaption></figure>A trio of builds are most definitely changing the feel of Little Lonsdale Street west of Elizabeth Street.

Union Tower and 399 Little Lonsdale Street deliver sheer vertical facades from street level spanning the best part of 40 levels, whilst demolition is progressing rapidly on <a href="/buildings/380-melbourne-380-lonsdale-street-melbourne">380 Lonsdale Street</a>. The rear of Brady Group's massive tower will stretch the best part of 220 metres above Little Lonsdale Street whilst the adjoining Timothy Lane will be extended to provide a typical Melbourne laneway outcome.

Close to 1,000 apartments and hundreds of new hotel suites are being constructed across this tightly spaced trio. Crema Constructions is accounting for 399 Little Lonsdale, Watpac is handling the $47 million build that is Union Tower whilst Brady Group will handle 380 Lonsdale internally via Brady Constructions.

<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/image29_12.jpg" rel="gallery-all" title="Union Tower and the Little Lonsdale Street frontage for Brady's 380 Lonsdale"><img alt="" class="image-article-full-width-580px" height="431" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image29_12.jpg?itok=QO4jd7e0" title="Union Tower and the Little Lonsdale Street frontage for Brady's 380 Lonsdale" width="580"></a>

<figcaption>Union Tower and the Little Lonsdale Street frontage for Brady's 380 Lonsdale</figcaption></figure>As <a href="/news/wesley-place-begins-construction-as-com-planners-endorse-stage-two-of-the-project">outlined last week</a>, Wesley Place has begun construction with the initial tower and future commercial building both fronting Little Lonsdale Street. A sizeable landscaped courtyard will also spill onto Little Lonsdale Street, providing further permeability to Lonsdale Street and surrounding areas.

Flying under the radar and adjoining Wesley Place is Brady Group's commencement of 109-111 Little Lonsdale Street. A Peddle Thorp-designed tower will soon rise onsite, with the likelihood that it will become the CBD's second Brady Hotel outlet.

The pocket-sized tower will abut Regency Towers and is expected to rise 21 levels.

<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_2260.jpg" rel="gallery-all" title="109-111 Little Lonsdale Street will become reality"><img alt="" class="image-article-full-width-580px" height="365" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/img_2260.jpg?itok=L1w4v7xX" title="109-111 Little Lonsdale Street will become reality" width="580"></a>

<figcaption>109-111 Little Lonsdale Street will become reality</figcaption></figure>Whilst the current crop of projects settling upon Little Lonsdale Street number seven, a similar number of projects are in the pipeline.

<a href="/buildings/aspire-melbourne-301-king-st-melbourne">299 King Street</a>, a future tower at Upper West Side and <a href="/developments/melbourne-vic-3000">Victoria University's vertical campus</a> will all have frontage to Little Lonsdale Street, with VU Tower likely to reach construction first. The much hyped <a href="/new-apartments/crystal-gardens-276-russell-street-melbourne">Crystal Gardens</a> tower though remains somewhat of an enigma, whilst Brady Group continues to plot future towers along Little Lonsdale Street.

272-282 Queen Street and 278 Little Lonsdale Street are on the developer's books, with the latter gaining approval via VCAT for a 32 level tower spanning 105 metres earlier this year.

On its curent construction trajectory awathes of Little Lonsdale Street will be barely recognisable in a short few years time.
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Little Lonsdale big on construction

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Golden Age Group, <a href="/developers/golden-age-group">developer</a> of projects like Sky One in Box Hill, Victoria One and Collins House in the CBD, has announced it has signed an agreement with Starwood Capital Group to enter into a joint venture to manage the hotel component within the new 85 Spring Street.

The $600 million mixed-use development has frontages to both Little Collins and Spring Street. Golden Age Group purchased site from Grocon during February 2017 for $75 million, consequently enlisting Bates Smart to redesign the project.  

Hotel aspect aside, the project is set to include 138 apartments across 39 levels in a building which fronts Spring Street and overlooks the parliamentary precinct. Starwood's signature sees it manage a second building fronting Little Collins Street which will rise to 26 levels and include 250 hotel suites plus amenities such as a bar, restaurants, conference rooms and a gym.

The hotel is tentatively slated to open in 2020, meaning a construction start is likely next year.

<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/springstreet_ex_hero_collins.jpg" rel="gallery-all" title="85 Spring Street, image - supplied"><img alt="" class="image-article-full-width-580px" height="531" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/springstreet_ex_hero_collins.jpg?itok=-QbXvRc4" title="85 Spring Street, image - supplied" width="580"></a>

<figcaption>85 Spring Street. Image: Golden Age Group</figcaption></figure><h2>What the say</h2>

<blockquote>
Melbourne's hotel market has shown continued growth in rates with strong, stable occupancy and increasing demand due to Melbourne's extensive events calendar and growth in international tourism. We believe strongly in hotels as a well-performing asset class and in the continued strength of the tourism industry
<cite>Jeff Xu, the managing director of Golden Age Group</cite>
</blockquote>

<blockquote>
We are excited by the opportunity to enter Melbourne's growing tourism market alongside such a successful property development and partner as Golden Age Group. Melbourne's hotel market achieves almost 80% occupancy while demand continues to grow. 

With several new component hotel offerings planned for the Melbourne hotel market, we believe a hotel in this tremendous location with many park view rooms and adjacent to the vibrant city's best retail, restaurants and leisure offerings should perform very well.
<cite>Kevin Colket, Asia MD, Starwood Capital Group</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/image45_3_0.jpg" rel="gallery-all" title="Previous iterations of the design of 85 Spring Street."><img alt="" class="image-article-full-width-580px" height="373" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image45_3_0.jpg?itok=URTBMVDV" title="Previous iterations of the design of 85 Spring Street." width="580"></a>

<figcaption>Previous iterations of the design of 85 Spring Street.</figcaption></figure>85 Spring Street has had <a href="/news/momentous-designs-both-gained-and-lost-in-the-space-of-a-week">an interesting planning history</a> with the most recent planning approval achieved in 2015 under then project architect Denton Corker Marshall.

Golden Age Group's addition of 85 Spring Street to its development ranks earlier this year has seen its development portfolio expand to an estimated $4.2 billion. 85 Spring Street's 338 apartments and hotel suites joins the roughly 1,000 apartments and serviced apartments Golden Age Group has yet to act upon via two additional projects, namely <a href="/buildings/sky-garden-235-springvale-road-glen-waverley">The Glen</a> and Box Hill's <a href="/new-apartments/sky-sqr-517-521-station-street-box-hill">517-521 Station Street</a>.

The joint venture transaction between Golden Age Group and Starwood Capital Group is subject to regulatory approval, with the hotel brand name likely to be announced thereafter. 
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Alastair Taylor

Golden Age and Starwood Capital partner for 85 Spring Street's hotel component

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SP Setia's golden touch looks to have taken a literal turn as the developer prepares to launch UNO Melbourne.

111 A'Beckett Street will be home to the mixed-use tower, after SP Setia concluded a deal to purchase the site from Singaporean developer Tong Eng for $61 million mid this year. The project is appearing across a number of websites in an all gold finish, differing from the approved version which was to have utilised a tinted performance glazing system resulting in a multicoloured facade.

Urban.com.au was <a href="/news/tong-eng-groups-dazzling-210-metre-entry-into-the-australian-market">first to bring the Elenberg Fraser-designed tower to light</a> during 2015. 

UNO Melbourne is set to join no less than six major skyscrapers designed by Elenberg Fraser in the immediate vicinity. Adjoining SP Setia's pending A'Beckett Street tower is EQ.Tower; at 63 levels it is another Elenberg Fraser product.

<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/image14uno.jpg" rel="gallery-all" title="UNO Melbourne will see a mixed-use outcome. Image: Yeeyi"><img alt="" class="image-article-full-width-580px" height="322" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image14uno.jpg?itok=Na8dPckZ" title="UNO Melbourne will see a mixed-use outcome. Image: Yeeyi" width="580"></a>

<figcaption>UNO Melbourne will see a mixed-use outcome. Image: Platinum Realty Investment Group</figcaption></figure>The tower will span 210 metres in height and consist of approximately 60,000sqm of floor area. SP Setia's purchase of the site with a permit which was granted prior to reworked planning controls has allowed for UNO Melbourne to maintain a roughly 35:1 plot ratio, far above the preferred current 24:1 ratio.

Apartments aside, the image above suggests that SP Setia have chosen to include a hotel across the tower's lower levels.

<a href="/buildings/uno-melbourne-117-abeckett-street-melbourne">UNO Melbourne</a> will rise behind the retained facade of the Commonwealth Motors building, which is finished in an Art Deco-style. As shown above, the lower sections of the tower are likely to include amenities such as a hotel club, conference facilities and a childcare centre.

Traditional apartments take over thereafter, bisected by a level 40 sky lounge and capped by a level 64 wellness 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/image17_17.jpg" rel="gallery-all" title="Indicative finishes within the tower. Image: Raeon"><img alt="" class="image-article-full-width-580px" height="518" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image17_17.jpg?itok=gLGbONRP" title="Indicative finishes within the tower. Image: Raeon" width="580"></a>

<figcaption>Indicative finishes within the tower. Image: Raeon</figcaption></figure>The sky lounge is set to include a library, music room, games room, cinema and dining area. UNO Wellness as it has been dubbed on level 64 includes a heated pool, sauna, steam room, yoga studio and gym.

Apartments with UNO Melbourne as shown on early advertising material would include one, two and three bedroom options, with study add-ons also available. Apartments are expected to range in size between 51sqm and 111sqm.

SP Setia have an operational website for UNO Melbourne and according to online platforms the project has an expected completion date of late 2021.

<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/image18_20.jpg" rel="gallery-all" title="A view to Melbourne's north. Image: Raeon"><img alt="" class="image-article-full-width-580px" height="360" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image18_20.jpg?itok=T-9HDje5" title="A view to Melbourne's north. Image: Raeon" width="580"></a>

<figcaption>A view to Melbourne's north. Image: Raeon</figcaption></figure>
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SP Setia closes in on Melbourne's next major tower release

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During July, Apartments.com.au reported on City of Melbourne's <a href="/news/com-moves-to-provide-clearance-for-63-exhibitions-lofty-ambitions">positive response</a> to Salta Properties' bid to have a skyscraper approved at 63 Exhibition Street.

Last week a permit for the mixed-use, Bates Smart-designed tower was granted by the Minister for Planning, concluding a lengthy three-year stint at planning for the application. During City of Melbourne's assessment of the project, the project was to rise 203m and hold an expected development cost of $255 million.

City of Melbourne planners, in turn, requested it be reduced to 183 metres in order to prevent overshadowing of Birrarung Marr; it is unknown if the approved version has been reduced to adhere to City of Melbourne's wishes.

<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/imagebsmart.jpg" rel="gallery-all" title="Bates Smart's take on 63 Exhibition Street's ground plane"><img alt="" class="image-article-full-width-580px" height="456" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/imagebsmart.jpg?itok=O6HYFri6" title="Bates Smart's take on 63 Exhibition Street's ground plane" width="580"></a>

<figcaption>Bates Smart's take on 63 Exhibition Street's ground plane</figcaption></figure>Regardless of the tower's final height, it can now replace the incumbent ASF House with both apartments and a hotel component.

63 Exhibition Street's approval marks off another of the diminishing number of projects which were assessed under the previous government, prior to the Minister for Planning's sweeping inner-city planning reforms. Earlier this month fellow CBD high-rise 478-488 Elizabeth Street also <a href="/news/elizabeth-street-wins-approval-clarendon-street-goes-back-to-the-drawing-board">won approval</a>, although at the hand of VCAT.

The positive planning result for the above two skyscrapers leaves only a handful of applications to be assessed under the previous planning regime; two such projects are 100 Franklin Street and 441-451 Elizabeth Street.

<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/image5jag.jpg" rel="gallery-all" title="ASF House's days appear to be numbered. Image: Jagonal"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image5jag.jpg?itok=Rrj2so4P" title="ASF House's days appear to be numbered. Image: Jagonal" width="580"></a>

<figcaption>ASF House's days appear to be numbered. Image: Jagonal</figcaption></figure>63 Exhibition Street joins the developer's approved tower at 699 La Trobe Street. The latter will be among Melbourne's first build-to-rent developments and is expected to include 260 apartments and a five-star hotel.
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Salta takes Exhibition Street to the bank

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Long at planning, 478-488 Elizabeth Street has come away from the approvals process with a permit.

Earlier this month the final stamp of approval was granted for the project, after a stint at VCAT which resulted in the appeals body issuing an order to approve the development during late August. The final result sees an Elenberg Fraser-designed tower in excess of 60 levels permitted on site consisting of apartments, a hotel component and retail tenancies at ground level. 

478-488 Elizabeth Street slots in between the completed 226 metre Vision Apartments and the under construction Victoria One at 241 metres, and would further intensify the emerging 'wall' of skyscrapers that have created a new backdrop around Queen Victoria Market.

<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/image2478.jpg" rel="gallery-all" title="The site's initial vision and CBRE City Sale's now sold outcome"><img alt="" class="image-article-full-width-580px" height="392" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image2478.jpg?itok=tLdO-Ajz" title="The site's initial vision and CBRE City Sale's now sold outcome" width="580"></a>

<figcaption>The site's initial vision and CBRE City Sale's now sold outcome</figcaption></figure>The project was refused by Planning Minister Richard Wynne during February of this year, with a visit to VCAT ensuing.

478-488 Elizabeth Street's tilt at approval took an unusual turn during the planning process, seeing CBRE City Sales appointed by then developer L1-2013 Pty Ltd to sell the site subject to attaining a permit. An International Expressions of Interest campaign was held some months ago.

CBRE City Sales have now completed the sale of the 1,172sqm site, with the new owner picking up the right to develop the mixed-use tower. 

So while the new owner of the Elizabeth Street site takes the chocolates, it seems that RJ International (Aust) Pty Ltd's bid to redevelop Southbank's Tea House complex is more a case of boiled lollies. Earlier this month the application, which Apartments.com.au <a href="/news/tea-for-two-southbanks-historic-tea-house-up-for-a-towering-addition">first brought to light</a>, was moved from the State planning register to that of Council's.

<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/image35_8_0.jpg" rel="gallery-all" title="28 Clarendon Street will not receive a tower of this size as orignally planned"><img alt="" class="image-article-full-width-580px" height="330" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image35_8_0.jpg?itok=zkHz0OMS" title="28 Clarendon Street will not receive a tower of this size as orignally planned" width="580"></a>

<figcaption>28 Clarendon Street will not receive a tower of this size as orignally planned</figcaption></figure>This implies that the initial 39 level submission at 145 metres and with a GFA of 35,035sqm has shrunk considerably. Below the 25,000sqm mark, City of Melbourne becomes the responsible authority.

An amended application has indeed been noted during the approvals process.

Geelong-based architecture firm CLWA and heritage architects Lovell Chen conceived the originally submitted design, incorporating 312 hotel suites, 38 supersized apartments, various amenities and an internally reworked Tea House which would compliment the tower's intended use.

What the new plans for the 2,948sqm site entail remains to be seen.
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Elizabeth Street wins approval, Clarendon Street goes back to the drawing board

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Panorama Box Hill is shaping as the latest skyscraper project destined for the irrepressible eastern suburb.

Registrations of interest are now being taken for the predominantly residential development which looks set for a major Whitehorse Road land holding. No address for Panorama Box Hill has been given via the project website, perhaps because it's likely 826-828 Whitehorse Road which has yet to receive formal approval from City of Whitehorse.

Lodged during December 2016, 826-828 Whitehorse Road is still going through the planning rigmarole; it is the only Whitehorse Road site capable of accommodating such a large project at planning. Nonetheless the emergence of the Panorama Box Hill website is no doubt designed to test the waters prior to the project's eventual launch.

Peddle Thorp are the architects of choice, creating a "curvaceous design which transcends all design norms. Heralded as the future of modern living in Box Hill, a glass atria allow sunlight and air flow to all residences, for natural healthy living."

<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/image82_2.jpg" rel="gallery-all" title="Box Hill's latest living option. Image: panoramaboxhill.com.au"><img alt="" class="image-article-full-width-580px" height="867" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image82_2.jpg?itok=x3jCrkea" title="Box Hill's latest living option. Image: panoramaboxhill.com.au" width="580"></a>

<figcaption>Box Hill's latest living option. Image: panoramaboxhill.com.au</figcaption></figure>During July 2016 Savills agents Clinton Baxter and Nick Peden commented on 826-828 Whitehorse Road's sale.

<blockquote>
The sale is a tremendous endorsement of the Melbourne and Box Hill development market placing Box Hill property on a par with land rates being achieved close to Melbourne’s CBD, and demonstrating the development powerhouse that Box Hill has become in recent years.

The intense competition from prospective purchasers reflected an ongoing confidence in what has been a tremendous market in Melbourne generally, and in areas like Box Hill specifically, over the last few years.

The vendors were also fully cognisant of the tremendous strength of the Box Hill market, one of the strongest localised areas anywhere in Australia, and the opportunity to sell in the wake of Savills successful sale of the adjacent property at 820 Whitehorse Road for $18.18 million late last year at what was a record price.
<cite>Clinton Baxter and Nick Peden, Savills</cite>
</blockquote>

The wider media have reported that a Chinese developer had secured 826-828 Whitehorse Road for $30.8 million; a new Whitehorse record of $11,623 per sqm for the 2,650sqm site.

<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/image84_7.jpg" rel="gallery-all" title="Panorama Box Hill. Image: panoramaboxhill.com.au"><img alt="" class="image-article-full-width-580px" height="773" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image84_7.jpg?itok=TAPde1nc" title="Panorama Box Hill. Image: panoramaboxhill.com.au" width="580"></a>

<figcaption>Panorama Box Hill. Image: panoramaboxhill.com.au</figcaption></figure>Conjecture regarding its location aside, Panorama Box Hill is pushing to become one of <a href="/developments/box-hill-vic-3128">Box Hill's tallest developments</a>.

Whitehorse Towers, Sky One Box Hill, East Central Tower and 845-851 Whitehorse Road all count themselves as having 30 levels or more, with Whitehorse Towers all but complete and Sky One Box Hill to emerge above ground in the coming months. Panorma Box Hill's floor count beyond 30 should see it join the suburb's club of talls.

Another prospective Box Hill tall is 837 Whitehorse Road. Lodged wit Council during May, the application seeks the right to construct a multi-level mixed use development comprising accommodation and a residential hotel. The 1,485sqm landholding is adjacent to 845-851 Whitehorse Road Box Hill which holds approval at 37 levels.

<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/image85_0.jpg" rel="gallery-all" title="Whitehorse Towers and early works for Sky One"><img alt="" class="image-article-full-width-580px" height="359" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image85_0.jpg?itok=0erbAMsJ" title="Whitehorse Towers and early works for Sky One" width="580"></a>

<figcaption>Whitehorse Towers and early works for Sky One</figcaption></figure>
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Another Box Hill brute emerges from the pack

<html><body>
During 2014, Apartments.com.au delivered a synopsis of Melbourne's <a href="/news/5000-new-hotel-rooms-for-melbourne">burgeoning hotel scene</a>.

At that stage roughly 5,000 new hotel suites were on the radar, across a variety of dedicated and mixed-use projects. Over the proceeding three years, Melbourne's hotel sector has gone from strength to strength on the back of extremely strong (and predominantly Chinese-driven) tourist growth and an ever strong events calendar; so much so that the number of hotel suites in development has nearly doubled.

Greater Melbourne is now subject to 9,500 new hotel suites; this figure does not include recent builds that have reached completion, indicating that developers still see massive upswing in the Melbourne hotel boom.

Via our Project Database, 45 separate projects are in motion which include hotel suites, as opposed to serviced apartments which are categorised separately and will be subject to a different analysis piece. To be precise, the Project Database's is tracking 9,499 separate hotel suites at varying stages of development.

By no means is it an absolute figure, but we believe it to be the most up to date and complete figure publicly available.

<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_2987.jpg" rel="gallery-all" title="399 Little Lonsdale Street under construction"><img alt="" class="image-article-full-width-580px" height="663" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/img_2987.jpg?itok=PVEcHUB-" title="399 Little Lonsdale Street under construction" width="580"></a>

<figcaption>399 Little Lonsdale Street under construction</figcaption></figure>Of the 9,499, 1,594 or 17% are under construction while 2066 or 21% are at planning. The balance of 5,899 or 62% of all hotel suites Apartments.com.au is tracking are deemed to be either approved or committed to by an operator, but have yet to begin construction.

This figure alone suggests that Melbourne hotel boom has some time yet to run, particularly from a delivery perspective.

Of the 45 projects in play, 20 are listed as developments dedicated solely to hotel use, with the largest purely hotel project being 399 Little Lonsdale Street which is under construction. Its 478 suites will be split between operators Ibis and Novotel.

Conversely the remaining 25 projects being tracked have multiple uses, of which a hotel component is one. Southbank's massive Melbourne Square project is the largest with approval for 621 suites, while SP Setia's Sapphire by the Gardens has the largest operator commitment to date with Shangri-La Hotels and Resorts recently signing on for 500 suites.

<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/image53_3.jpg" rel="gallery-all" title="Hotel Lindrum was approved last month as Shangri La booked into Melbourne"><img alt="" class="image-article-full-width-580px" height="291" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image53_3.jpg?itok=ipCftn2y" title="Hotel Lindrum was approved last month as Shangri La booked into Melbourne" width="580"></a>

<figcaption>Hotel Lindrum was approved last month as Shangri La booked into Melbourne</figcaption></figure>Naturally of the 9,499 suites, the majority are within City of Melbourne's boundaries.

1,961 suites in development are beyond City of Melbourne, with Box Hill the most active suburb accounting for 450 rooms across three projects; this figure will invariably rise as additional projects filter through City of Whitehorse. As a zone, Melbourne's north is also faring will with multiple hotel projects in development as evidenced by last week's announcement that Mantra would operate a new Epping site with 214 rooms.

Shifting back toward Melbourne's epicentre, and the CBD/Southbank combination is the clear favourite among hotel developers and operators. Apartments.com.au is tracking 3,547 suites across the CBD and 2,468 across Southbank respectively.

A very healthy percentage of these rooms in development spanning the CBD and Southbank have recently signed on operators, with new brands such as Mandarin Oriental, Ritz Carlton and Shangri-La joining in on Melbourne's hotel boon.
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