Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

Joel Robinson

First look at MAYD's North Kirra mixed-use precinct

<main data-perf-region="main">
Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

&nbsp;

[smartcode_project_cta:default project_id=152737]

<h3 data-end="3697" data-section-id="q3n5ak" data-start="3672">&nbsp;</h3>
</main>

Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

A collection of just 25 large-format apartments and penthouses overlooking Goodwin Park is entering the Coolangatta market, with <a href="https://www.apartments.com.au/new-apartments/marea-residences-coolangatta-27-27a-dixon-street-coolangatta-qld-4225">Maréa Residences</a> combining a low-density, residential-only approach with uninterrupted park and Pacific Ocean outlooks.

Located at 27 Dixon Street, Maréa comprises three and four-bedroom residences alongside a limited number of dual-level penthouses, with the project positioned between Goodwin Park and <a href="https://www.apartments.com.au/developments/coolangatta-qld-4225">Coolangatta</a>’s coastal precinct.

Construction has commenced, with completion currently estimated for late 2027. Three-bedroom residences are priced from $1.8 million.

[smartcode_project:default project_id=150999 project_image_fid=374005]

The project has been designed around its northern outlook across the park, with the building’s architecture, landscaping and material palette intended to establish a connection with the neighbouring green space. The residences have been configured to maximise natural light and views across Goodwin Park towards the ocean.

Inside, the material palette incorporates timber, stone and brushed brass, complemented by curved detailing and ambient lighting. Kitchens and bathrooms carry the same natural material approach, while residences also include basement parking, storage and lift access.

Maréa’s penthouses are arranged over two levels and include private pools, adding another layer to the project’s focus on larger-format apartment living. Across the development, residences are configured with three or four bedrooms rather than the broader mix of smaller apartment types commonly found in larger projects.

[smartcode_project:default project_id=150999 project_image_fid=374010]

Resident amenity is concentrated at rooftop level, where landscaped entertaining terraces and pools take advantage of elevated views across Coolangatta and the Pacific Ocean.

The project has so far been particularly well received by local owner-occupiers and downsizers, according to Urban Activation Property Sales and Marketing Director Matt George, with the residential-only format, construction quality and northern park outlook among the features resonating with purchasers.

“The uninterrupted northern aspect overlooking Goodwin Park has been a key point of difference, with buyers attracted to the sense of serenity and open space the park provides, while still enjoying easy access to the ocean and being within walking distance of the lifestyle and amenities Coolangatta has to offer,” George said.

[smartcode_project:default project_id=150999 project_image_fid=374002]

“The combination of high-quality construction, a residential-only building, park outlook and proximity to the beach has resonated strongly with the local downsizer market.”

The Dixon Street address is within walking distance of Coolangatta Beach and the broader southern Gold Coast coastline, including the surf breaks at Snapper Rocks and Kirra. Coolangatta’s cafés, restaurants and retail are nearby, while Gold Coast Airport is also within close proximity.

[smartcode_project_cta:default project_id=150999]

Maréa Residences brings parkside apartments to Coolangatta

Melbourne developer PDG has secured Victorian Government approval for its $1.5 billion Southbank development <a href="https://www.apartments.com.au/new-apartments/the-one-1-queens-bridge-street-southbank-vic-3006">The One</a>, clearing the way for the long-dormant riverfront site opposite Crown to finally be developed.

The Minister for Planning has approved the project at 1-29 Queens Bridge Street, with the Department of Transport and Planning issuing the planning permit following its assessment.

The approval will allow PDG to develop the prominent 5,059 sqm site with a major mixed-use tower comprising premium apartments, including branded residences, a luxury hotel and boutique office space.

PDG acquired the site in late 2024, with its position directly opposite Crown's main entrance and near Melbourne's Arts Precinct making it one of Southbank's most significant remaining development opportunities.

<img alt="PDG" data-entity-type="file" data-entity-uuid="3933013e-6332-4386-b9be-089df05caf17" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.22%E2%80%AFAM.png?VersionId=sITIgBqDL0N3VNSMwWEmF5UA.uvcsRyu" />

Designed by COX in collaboration with ODO and PDG, the tower's architecture draws on the movement of the Yarra River, with six vertical pleats running the height of the sculpted facade.

The project will also see the heritage-listed Queens Bridge Hotel restored and incorporated into the development&nbsp;with new hospitality and public uses, including a rooftop venue.

A significant component of The One will be its residential amenity.

More than 5,000 sqm of resident facilities will be delivered across a single level, making it one of the largest consolidated residential amenity offerings proposed in an Australian apartment development.

The planning approval also incorporates a major upgrade of Queensbridge Square, which PDG will deliver in partnership with the City of Melbourne.

<img alt="PDG" data-entity-type="file" data-entity-uuid="73167fcd-1031-4b6f-a408-a064cfe45ed1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.17%E2%80%AFAM.png?VersionId=Pf1AEWxw6SNmBqR0zQW5lyEze.MtxgFp" />

The existing square will be revitalised as a new civic and pedestrian space along the Yarra River, strengthening the connection between the project, Southbank and the riverfront.

PDG Founder and Managing Director Vince Giuliano said the approval represented a major milestone for a site which has remained largely underutilised for more than 15 years.

“This is the most significant Planning Permit approval Melbourne has seen in recent years,” Giuliano said.

“For more than 15 years, this site has remained underutilised. This approval enables us to deliver a project that will contribute meaningfully to the revitalisation of Southbank, restore and reactivate an important heritage building, and create a new civic and hospitality destination for Melbourne.”

The latest approval follows an earlier planning permit issued by the City of Melbourne covering demolition works across part of the site at 9-29 Queens Bridge Street. Those demolition and early works are already underway.

PDG has also started generating early interest in the residential component from owner-occupiers ahead of a planned public launch in early 2027.

PDG secures approval for $1.5bn Southbank apartment development, The One

Local developer Harridan is seeking to turn its Woolloongabba apartment project into the first stage of a broader transformation of Burke Street, using a new 16-storey mixed-use building to establish a greener pedestrian connection toward the rapidly evolving Boggo Road transport and knowledge precinct.

The South East Queensland developer has filed plans for 154 apartments on the <a href="https://www.apartments.com.au/new-apartments/4-burke-street-woolloongabba-qld-4102">southern side of Burke Street</a>, where its proposal has been designed alongside a wider vision by LatStudios for the street.

That vision positions the southern side of Burke Street for buildings of 15 storeys and above, while envisaging lower-rise development of up to five storeys on the northern side to transition into Woolloongabba's existing character housing. It also proposes wider pedestrian verges, deep planting, new street trees and upgrades to the pedestrian approach to Boggo Road Station.

The Harridan development itself has been designed by Brisbane-based Arqus Design and will comprise 154 apartments across 16 storeys. The mix is weighted heavily toward two-bedroom apartments, with 121 proposed alongside 10 one-bedroom and 23 three-bedroom residences. There will typically be around 14 units per floor.

A lower-ground car park and three podium levels will accommodate 156 resident parking spaces, along with visitor and commercial parking. There will also be 154 resident bicycle spaces and 40 visitor bicycle parks.

&nbsp;

Harridan is a family-owned developer and part of the Holmwood Highgate Group, with more than three decades of development activity across South East Queensland. Its portfolio spans residential, commercial and industrial property, with current residential projects including Riverbank on Byron in Bulimba, Esperance Residences in Carina and The Precinct at Kinross Road in Thornlands.

Wooloongabba has been popular for apartment developers, particularly since the announcement of the 2032 Summer Olympics games in Brisbane.

While there have been a lot of development applications, it has failed to materialize into real supply.&nbsp;

Sarazin has been the major player in the area. They are under construction at Murcia Residences, on the fringe of East Brisbane and Woolloongabba. They have just launched <a href="https://www.apartments.com.au/new-apartments/the-stanley-residences-woolloongabba-8-trafalgar-street-woolloongabba-qld-4102">The Stanley Residences</a>, in Woolloongabba on Trafalagar Street. They also have Nuage coming soon on the nearby <a href="https://www.apartments.com.au/new-apartments/nuage-woolloongabba-14-wellington-road-woolloongabba-qld-4102">Wellington Road</a>.

First look: Harridan plans Burke Street transformation beside Boggo Road transport hub

South Melbourne

Rarely does South Melbourne&nbsp;see such a boutique, high end residential development.

But the Melbourne property developer BEKL&#39;s latest project,&nbsp;Viv&eacute;re on Dorcas, has&nbsp;just 36 apartments in the heart of the inner urban neighbourhood.

And the residences will secure prime views in the 20-level, being located above the 171-room Voco hotel, operated by IHG which will give residents extra amenity, including concierge services and on-demand housekeeping, as well as access to the hotel&#39;s lobby-level bar and restaurant, and well-appointed hotel gym.

[smartcode_project:default project_id=108979 project_image_fid=180561]

There will also be access to BEKL&#39;s recently launched co-working space, Curago, which will be located in the tower. Curago will also feature a photography studio and a meditation chamber.

The unique triple segment tower has been designed by Plus Architecture&nbsp;to define the three different zones of the tower.

[smartcode_project:default project_id=108979 project_image_fid=181109]

Jessica Liew, Plus Director and architect, says the fa&ccedil;ade&rsquo;s open spaces and recesses are highly considered insertions that visually separate Voco South Melbourne and Viv&eacute;re Apartments from neighbouring buildings.

&quot;Viv&eacute;re residential apartments are housed within the top segment and look out to the bay, and the hotel rooms below look towards the gardens,&quot; Plus note.

&quot;Separation between the apartments and hotel rooms is expressed in the vertical and horizontal stacking within each segment, displaying an authentic articulation of construction methods.&quot;

There&#39;s a mix of one, two and three-bedroom apartments, starting from $490,000 and rising to $2.35 million.

[smartcode_project:default project_id=108979 project_image_fid=181109]

Projects by Buxton agents&nbsp;Heath Thompson and Lucia&nbsp;Guselnikov are handling the sales.

BEKL Managing Director Katherine Liu drew on her own experiences, having previously lived above a hotel, informing&nbsp;the seamless function and unique design of the residences and create a lifestyle that illuminates a new way of living.

&ldquo;I had previously lived in an apartment above the Westin and the experience was fantastic,&quot; Liu said.

&quot;I felt very safe and secure knowing there was always someone at the door or lobby to keep an eye on things.

[smartcode_project:default project_id=108979 project_image_fid=180561]

&ldquo;Having access to housekeeping meant we could ask for on-demand home cleaning services, along with dry cleaning and more. The concierge team made living a breeze, from collecting parcels to providing suggestions for new happenings in Melbourne and it&rsquo;s these comforting details that we are excited to offer to residents.&rdquo;

Construction is expected to commence in Q4 2022, with completion slated for early 2025.

Viv&eacute;re on Dorcas will sit in close proximity to the Botanic Gardens and Melbourne&#39;s art precinct, as well as South Melbourne&#39;s variety of restaurants, cafes and museums.

BEKL Managing Director Katherine Liu drew on her own experiences, having previously lived above a hotel

BEKL launch luxury South Melbourne apartments, Vivére on Dorcas 

<html><body>
A near $7 million sale has been secured by Michael Paproth, of The Agency, in the Gurner South Melbourne project.

A 545 sqm penthouse at 74 Eastern Rd sold over the summer break.

It was 2016 when all top floor spaces were sold off-the-plan in the project near Albert Park Lake with its design by Elenberg Fraser.

The then five buyers saw Gurner secure sales totaling $10.75 million as one buyer bought two penthouses, outlaying $3.5 million to amalgamate the holding.

Another of the penthouses went for $3.9 million and the others were priced around the high-$1 million mark.

Developer Tim Gurner’s brief to designer David Hicks was to design penthouses “akin to a $10 million custom private residence.”

One of the buyers were retired empty-nesters Ross and Jenny Venuto who secured the $3.9 million penthouse.

[smartcode_project:default project_id=2100]

Landscaper Jack Merlo was engaged to work at the nine-level building of 71 apartments.
</body></html>

It was 2016 when all top floor spaces were sold off-the-plan in the project near Albert Park Lake with its design by Elenberg Fraser

jchancellor

$7 million penthouse sale secured in the Gurner South Melbourne

<html><body>
The 5-star Green Rating Emerald features a striking organic rippling form infused with shades of green and silver. Inspired by the organic movement of a wave, The Emerald is an architectural masterpiece that is at once both soft and striking.

<ul>
<li>Enviable location in the heart of South Melbourne.</li>
	<li>High quality and spacious residences.</li>
	<li>Luxurious amenities.</li>
</ul>
<figure><a class="colorbox colorbox-insert-image" href="/buildings/emerald-35-albert-road-south-melbourne?utm_source=sms&amp;utm_medium=sms" rel="gallery-all"><img alt="" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/emerald-35-albert-road-south-melbourne-6eb90687f40a6834e29d66e4f2088b80.jpg?itok=4DE528T8" style="width: 580px; height: 435px;"></a></figure>Looming high above Melbourne’s Albert Park Lake and Botanical Gardens, this thriving mixed-use development incorporates 290 apartments, a rooftop garden and spa, plus ground-floor commercial and retail businesses that contribute to the urban landscape. The exclusive Emerald apartments in South Melbourne features custom designed and produced vanities by Omvivo for Hecker Guthrie.

The intention with The Emerald was to unite the high-end nature of the location and design, with a laid-back family-friendly spirit. Joined together, they ignite a sense of conscious community.
</body></html>

urban.com.au

Emerald, a thriving mixed-use development incorporates 290 apartments in South Melbourne.

<html><body>
Melbourne property developer, Beulah, has achieved 100% settlement success on its $50 million South Melbourne development, Habitus Townhomes, with the majority of the townhomes settling at the peak of the Melbourne lockdown.

The five-storey townhouse project at 10 Boundary Street, which had the support of the CBA and the Lieberman family's Monark Property Partners, comprises 25 townhomes priced from $1.35 million.

Melbourne’s strict lockdown resulted in a suite of new sales tactics, ranging from virtual viewings throughout the lockdown period to settlement discussions over Zoom.

Beulah Managing Director, Jiaheng Chan, said the settlement success is a testament to the quality of the development and the design’s appeal.

“Reaching 100% settlement is an achievement in itself, let alone during a state-wide lockdown where in person consultations were off the table," she said.

Habitus is marketed as "a step up from apartment living and the future for Melbourne’s burgeoning apartment market." 

The townhomes are designed as a vertical living unit with each floor dedicated to a different function.

A majority of the five-storey homes feature a home-office and garage level on the ground floor, a living space on the next level, with the remaining two floors encompassing a bathroom, bedrooms and an additional living space. Each home is topped off with a private rooftop terrace with a functional entertaining space (including an integrated BBQ) boasting views of the CBD skyline.

South Melbourne is also set to be the home of R. Iconic, the high-rise tower at 253-273 Normanby Road which is set to be completed at the end of 2022.

Urban recently toured the display suite of the 456 apartment development which has prices starting from $507,000.
</body></html>

Melbourne property developer, Beulah, has achieved 100% settlement success on its $50 million South Melbourne development, Habitus Townhomes.

100% settlement success achieved for Beulah's South Melbourne Habitus Townhomes

<html><body>
R.Iconic, an inner-city South Melbourne apartment block developed by R.Corporation, has secured more than 150 off-the-plan sales during Melbourne's various lockdown stages.
In the past fortnight to the 8th of October, they secured a further $10 million in apartment sales.
The 456 apartment complex at 253-273 Normanby Road has been targeting first home buyers, with the addition of the HomeBuilder Grant seeing homebuyers able to get on the ladder for $30,000.
It is the only project within Melbourne's CBD fringe area to qualify for the HomeBuilder Grant, in an area emerging dubbed CBD South, between Southbank and South Melbourne.
<img src="https://www.urban.com.au/images/2020/10/7/Screen%20Shot%202020-10-07%20at%2010.33.08%20am.png" alt="">
One bedroom, one bathroom apartments in the complex, <a href="/buildings/r-iconic-south-melbourne-259-normanby-road-south-melbourne">which is slated for completion in December 2022</a>, starts at $507,000.
The two bedroom apartments start from $722,500 without parking, and three bedroom start at $1,092,500.
Residents will have access to the extensive onsite facilities including a swimming pool, podium garden and 300m infinity running track on the rooftop.
The project also features a wine vault, garden pavilions for private dining and water views.
<img src="https://www.urban.com.au/images/2020/10/7/Screen%20Shot%202020-10-07%20at%2010.32.56%20am.png" alt="">
The building is connected to the CBD by light rail, as well as the Crown precinct and the arts precinct.
Colliers International is marketing the property.
Established in 2000, R.Co is an Australian-owned real estate developer who have built a portfolio spanning nearly 30 buildings approaching $2 billion in value.
One of their latest projects is four mid-rise buildings known as <a href="/buildings/the-york-8-olive-york-way-brunswick-west?utm_source=PropertyObserver">The York</a>, located at 8 Olive York Way in Brunswick West.
 
</body></html>

j.ballantyne1990-6AQqhLzZaK

South Melbourne's R.Iconic the only Melbourne CBD development to offer HomeBuilder Grant

<html><body>
<div>A 492sqm site in South Melbourne has been sold to Fortis for $6.9 million.</div>
<div> </div>
<div>Construction on a new build on this site will commence late 2021, expected to be completed in early-2023.</div>
<div> </div>
<div>Offering 2,000 sqm NLA, the $9 million new build at 18-22 Thomson St will feature six levels of commercial office space, complemented by extensive parking facilities.</div>
<div> </div>
<div>The transaction was negotiated by Ben Appel of Appel Property in conjunction with Alby Tomassi of Tomassi &amp; Co.</div>
<div> </div>
<div>"Premium office space in South Melbourne is in great demand; we have already leased out 60% of Pallas House Melbourne, our other South Melbourne site, through off-market deals over the past four months,” says Charles Mellick, Director, Fortis.</div>
<div> </div>
<div>“Off the back of the success of Pallas House Melbourne, we are confident of similar demand for the space in Thomson Street which is only expected to increase with the completion of ANZAC station in the coming years.</div>
<div> </div>
<div>The Thomson St site is also a short walk away from the upcoming ANZAC metro station, Albert Park, Royal Botanical Gardens and South Melbourne Market.</div>
<div> </div>
<div>Pallas Group is the parent company of structured property investment arranger Pallas Capital and boutique developer Fortis.</div>
<div> </div>
<div>Other projects by Fortis in Melbourne include Ode in Toorak, a residential development in Brighton, Bower in South Yarra, Balmoral and East Grove in Glen Iris, 232 Wattletree in Malvern and Pallas House in South Melbourne.</div>
<div> </div>
<div>The expected end value of Fortis’ Melbourne projects currently under construction or under a planning proposal is $800m, with a further $900m pipeline of work in Sydney.</div>
<div> </div>
</body></html>

Fortis acquires South Melbourne development site for $6.9 million

<html><body>
Matt and Kim’s apartment on The Block Sky High has resold for $1.9 million.
The apartment was transformed on the Sky High series by Matt and Kim Di Costa.
It hit the market for the second time since the 2013 show wrapped.
The three-bedroom pad at <a href="https://www.realestate.com.au/sold/property-apartment-vic-south+melbourne-133393982" target="_blank">201/142 Park St, South Melbourne</a>, had $2 million to $2.2 million price hopes.
The apartment is the only one in the building that has a walk-in cellar.
It also has the most bathrooms.
The apartment sold for $1.455 million in season 7 of The Block, with the WA couple placing third and pocketing $250,000 profit. 
The pad was raking in up to $1600 a week as a rental before it sold for $1.9 million in October 2017.
It was most recently leased for $1450 a week in early 2019. 
Matt and Kim listed it on <a href="https://www.realestate.com.au/property-apartment-vic-south+melbourne-114301027" target="_blank">realestate.com.au</a> saying the apartment features “professional craftsmanship, exacting standards and the highest quality of materials, appliances, furniture and finishes together with superlative design to create an opulent home and entertainment paradise.”
</body></html>

Matt and Kim's The Block Sky High South Melbourne apartment resells at disappointing price

<html><body>
Melbourne-based property developer BEKL has announced its appointment of IHG’s new upscale brand voco as the chosen operator of its new hotel.
Voco South Melbourne is scheduled to open in 2023.
The hotel, due to be built at the northern end of St Kilda Road on Dorcas Street, will offer guests a selection of 171 well-appointed rooms, designed around a ‘Me Time’ concept, along with sprawling restaurant and bar spaces, four meeting spaces and a gym.
“We pride ourselves on creating quality, innovative, long-standing spaces that place an emphasis on the human experience, so it was important to us that our partners share that same vision and passion for what we are trying to achieve,” said BEKL Managing Director, Katherine Liu.
The hotel will look to form part of a larger mixed-use project which, if given the green light, will comprise 36 apartments and 2,293 square metres of office space.
</body></html>

Voco announced as operator for BEKL's new Melbourne hotel

<html><body>
The former site of Melbourne’s 3AW studios, which operated for nearly 20 years in Bank Street, South Melbourne is set to undergo a major overhaul, after developers launched a new $120 million project for the space.
The 1,440 square metre site, acquired by Virgate Property Group in 2016 for $15 million, will be known as Domain House.
"The Domain Precinct is a tightly held and sought-after area, we are seeing a huge uplift in demand for high-end apartments in South Melbourne with official forecasts predicting a population of 22,000 residents by 2031, growing at a rate of 4.0% per annum,” said CBRE’s Managing Director of Residential Projects, Andrew Leoncelli.
Domain House apartments are expected to be priced between $460,000 to $1.7 million.
The project is targeted to commence construction by October 2020, with an estimated completion date in mid-2022.
</body></html>

wdavis-8cCN98p7xp

Former South Melbourne 3AW studio site set for $120 million redevelopment 

<html><body>
A South Melbourne office investment occupied by architects Ewert Leaf has been sold for $10.2 million.
The four-level, 1,078sqm fully refurbished building at 49-51 Stead Street was snapped up by a local investor before the close of EOI after just 20 days on the market.
Architects Will Leaf and Toby Ewert, with Ed Farquharson, the owner of developer, Moda, purchased the site in 2018 for $6 million with plans to refurbish the entire building and sell.   
It was listed by Colliers International’s Ted Dwyer, Ben Baines and Michael Gross of Gross Waddell, 
The whole of the property is leased to Ewert Leaf and occupied by Ewert Leaf and associated businesses.
Originally built in 1985, the 49-51 Stead Street building has been fully refurbished throughout, with completion in July 2019.  
The property consists of ground floor retail/commercial premises and three upper levels of open commercial floor plates.
It also features six undercover car spaces accessed from Palmerston Crescent.  
“Positioned within a highly desirable commercial and residential location, the surrounding area provides workers and residents access to landmark destinations including Albert Park Lake, Melbourne Sports and Aquatic Centre, Albert Park Golf Course, South Melbourne Market, Clarendon Street retail precinct and Royal Botanical Gardens,” Mr Baines said.
</body></html>

South Melbourne

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

South Melbourne

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News