The new <a href="https://www.apartments.com.au/new-apartments/yarraville-green-42-stephen-street-yarraville-vic-3013">Yarraville Green</a> development in Melbourne's inner west is showing that landscaping can be just as influential as architecture, with buyers responding strongly to the garden-first approach adopted from the outset by developer Excelon Projects and the project's design team.

Excelon appointed Six Degrees Architects and landscape architects SBLA to work collaboratively on the development, with a brief to create "a sustainable, design-led building with a focus on community."

That approach has resonated with buyers. According to Next Chapter Director Tom Hirini, who is leading the sales campaign, the landscaped communal garden has become one of the project's defining features, alongside its boutique scale and European-inspired cluster housing concept.

Local downsizers, right-sizers and established families already living in Yarraville and surrounding suburbs have accounted for the majority of purchasers.

[smartcode_project:default project_id=144913 project_image_fid=297740]

Yarraville Green will comprise 53 homes, including apartments and townhomes, arranged around the shared central garden to maximise connections to the landscaped open space. Parking has been moved underground, allowing the ground plane to be dedicated to greenery, pedestrian movement and communal spaces.

The landscape extends well beyond passive planting. Productive garden beds, a pergola, communal gathering spaces, garden sheds and a pet wash have all been integrated into the masterplan, creating spaces designed to encourage everyday interaction between residents.

[smartcode_project:default project_id=144913 project_image_fid=297741]

The interiors continue Excelon's focus on craftsmanship, incorporating bespoke elements by Melbourne artisans including leadlight detailing by Adadaz, hand-turned timber hardware by Auburn Woodturning and blown-glass lighting by Ruth Allen.

Sustainability has also been embedded throughout the project, with Yarraville Green targeting an average 7-star NatHERS energy rating through passive design principles, rooftop solar servicing common areas and rainwater harvesting for landscape irrigation.

[smartcode_project:default project_id=144913 project_image_fid=297735]

Construction continues to progress at Yarraville Green, with structural works well underway and framing works approaching completion under builder Balmain &amp; Co. The project remains on track for completion in mid-2027.

Apartments at Yarraville Green are currently priced from $625,000, while townhomes start from $1.4 million.

[smartcode_project_cta:default project_id=144913]

Joel Robinson

Garden-led design drives buyer demand at Yarraville Green

National diversified developer Fortis has officially launched Crest &amp; Walker, its latest Brisbane apartment development, with construction now underway on the 20-storey Newstead project.

Award-winning builder BINAH has commenced construction on the Bureau^Proberts-designed building, which will deliver a limited collection of 65 two and three-bedroom apartments on Kyabra Street.

[smartcode_project:default project_id=145922 project_image_fid=373556]

The project marks Fortis' fourth active residential development in Brisbane, following River House, which is nearing completion, alongside projects in New Farm and Hamilton as the national developer continues to expand its South East Queensland pipeline.

Fortis General Manager – Development Queensland Dan Boman said Crest &amp; Walker reflects the developer's long-term commitment to delivering design-led residential projects in Brisbane's established inner-city suburbs.

"We're proud to be strengthening our presence in Brisbane with Crest &amp; Walker, particularly in such a sought-after lifestyle destination as Newstead," Boman said.

"Every Fortis project is shaped by its context, and we approach each one with the respect and care it deserves.

"Our focus is always on creating places that feel connected to their neighbourhood and elevate the everyday experience for residents. Newstead continues to evolve as one of Brisbane's most sought-after urban communities, and Crest &amp; Walker reflects our ambition to contribute meaningfully to that story."

[smartcode_project:default project_id=145922 project_image_fid=373559]

Positioned between Gasworks Plaza and James Street, <a href="https://www.apartments.com.au/new-apartments/crest-walker-newstead-12-kyabra-street-newstead-qld-4006">Crest &amp; Walker</a> has been designed as a boutique residential address offering privacy and generous living spaces within one of Brisbane's most established lifestyle precincts.

The building features a contemporary brick podium softened by integrated landscaping, while the upper levels are characterised by restrained architecture and enduring materiality. Interiors have been designed to maximise natural light, acoustic performance and long-term liveability.

[smartcode_project:default project_id=145922 project_image_fid=373583]

Residences comprise spacious two and three-bedroom floorplans, with two-bedroom apartments priced from $1.55 million and three-bedroom, half-floor residences from $3.95 million.

Residents will have access to a wellness-focused rooftop featuring a swimming pool, sauna, steam room, landscaped dining spaces and outdoor lounge areas overlooking Newstead and the Brisbane CBD.

[smartcode_project:default project_id=145922 project_image_fid=373571]

Sales are being managed by Slaite Projects, with Fortis expecting strong demand from owner-occupiers seeking a high-quality, design-focused apartment in one of Brisbane's most tightly held inner-city suburbs.

Completion of Crest &amp; Walker is slated for late 2028.

[smartcode_project_cta:default project_id=145922]

Fortis expands Brisbane pipeline with launch of Crest & Walker in Newstead

The enormity of delivering a true skyscraper in Australia's new development market is often overlooked.

It has taken the best part of a decade since plans for Chevron One were first unveiled, but the 52-storey tower is now complete, with residents collecting their keys and moving into what has become one of the Gold Coast's most recognisable new landmarks.

Rising 127 metres above Chevron Island, Chevron One stands almost twice as high as any other building on the island. Its scale places it alongside the trio of towers at Jewel, arguably the last truly significant addition to the central Gold Coast skyline when they were completed around six years ago.

While there are several developments underway around a similar height to Chevron One, they are more concentrated within clusters of the highest towers in the city. The fact Chevron One sits within a developing precinct, looking back at the other high-rise developments in Surfers Paradise and Broadbeach, makes it a different proposition altogether. It will certainly become a reference point on the Gold Coast skyline.

[smartcode_project:default project_id=6515 project_image_fid=68833]

Developer Bensons Property Group is behind the 52-storey tower, which has just shy of 250 apartments, along with an exhaustive list of resident amenity spread across what is the largest development site ever assembled on Chevron Island.

The tower has been the talk of the town for years, says Ray White Projects Gold Coast agent Caitlin Rosenboom, who is selling the remaining apartments.

"People have been watching Chevron One go up for years," Rosenboom says, adding that many prospective buyers have been surprised by the scale of the views once they step inside.

"It's only when they walk through a completed apartment that they truly understand the position of the building," Rosenboom says.

"The views are jaw-dropping. Whether you're looking east over the ocean, across Surfers Paradise, along the river systems or out to the hinterland, every level offers something different but equally impressive."

[smartcode_project:default project_id=6515 project_image_fid=360215]

One of Chevron One's defining advantages is its location on the eastern side of Chevron Island on Stanhill Drive, a position which protects the views forever.

"There's only one row of houses between Chevron One and the water, and the height restrictions along the river means views from Chevron One can never be built out,"&nbsp;Rosenboom says.

While new apartment developments continue to emerge across the Gold Coast, Rosenboom says opportunities to secure a completed apartment with this level of outlook are becoming increasingly rare.

"The size of the site is something that would be incredibly difficult to replicate today," she says.

"That's allowed Chevron One to deliver the sort of amenity, open space and resident facilities that very few projects can offer. There are not many completed apartment buildings on the Gold Coast right now that can compete with the combination of scale, quality and amenity."

[smartcode_project:default project_id=6515 project_image_fid=68839]

There's around 2,000 sqm of amenity solely for the use of residents of Chevron One. Club One features a uniquely shaped swimming pool that mirrors the footprint of the building itself, set within a extensively landscaped gardens. There's also an indoor pool and spa, a fully equipped gym with a Pilates room, a yoga garden, a bookable private dining area and lounge that can host up to 30 people, and a 24-hour concierge service.

As for the buyers, Rosenboom is fielding enquiry from everywhere: Sydneysiders and Melburnians looking at the new and off-the-plan market following the changes in the Federal Budget, as well as those looking to relocate, through to South East Queenslanders seeking either a permanent home or a weekender bolthole.

"The Gold Coast lifestyle continues to resonate with people relocating from the southern states, and when they see the views and the quality of what's been delivered at Chevron One, it becomes very easy for them to understand the appeal," Rosenboom says.

A diverse mix of one, two and three-bedroom apartments remain available, with each offering "something a little different", be it the orientation and views, configuration, or level, to suit a wide variety of buyers.

The remaining apartments are ready to inspect in person, by appointment.

[smartcode_project_cta:default project_id=6515]

A decade in the making: Residents to move into Chevron One as construction wraps up

A general rule of thumb in new apartment developments is that the penthouses get the rooftop.

It's a formula that's become commonplace across Australia's apartment market. Residents might have access to a pool, gym or barbecue facilities on a dedicated lower level, but the most desirable outdoor spaces are typically reserved for the highest-priced homes at the top of the building.

<a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Property Group</a> has taken the opposite approach.

Rather than dedicating the rooftop to a handful of buyers, the Gold Coast developer has made it the centrepiece of its Flourish collection, creating expansive shared spaces from the best vantage point in the building.

The philosophy has reached its most ambitious expression at <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> in Palm Beach, where two rooftop precincts connected by a skybridge will deliver one of the most extensive lifestyle offerings seen in a residential apartment project on the Gold Coast.

[smartcode_project:default project_id=150017 project_image_fid=374053]

"We're seeing a clear move toward developments that offer more than just an apartment," Sherpa Group founder Christie Leet said.

"People want spaces that support how they actually live, whether that's working from home, staying active, or spending time with family and friends.

"That's where amenity becomes critical. It's not just about what's included, but how those spaces are designed to be used every day."

[smartcode_project:default project_id=150017 project_image_fid=374052]

The breadth of amenity has already attracted buyers across multiple demographics. Younger first home buyers have been drawn to Soleira's one-bedroom apartments, a product rarely delivered in Palm Beach, while families have responded to practical inclusions such as the shallow children's pool adjoining the main lap pool and the extensive communal recreation areas.

Instead of a single rooftop, Soleira delivers two distinct lifestyle zones.

[smartcode_project:default project_id=150017 project_image_fid=372547]

The southern rooftop has been dedicated to wellness, featuring a gym, yoga and Pilates studio, work-from-home facilities, a wellness centre, spa, and hot and cold plunge pools.

The northern rooftop focuses on recreation and entertaining, incorporating a heated resort-style pool, private dining rooms, pizza ovens, barbecues, a golf simulator, children's recreation areas, and what is expected to be the Gold Coast's first rooftop basketball court, which will also double as a squash court.

[smartcode_project:default project_id=150017 project_image_fid=374054]

Beyond the rooftops, Soleira will introduce 1,500 sqm of curated retail beneath the towers, creating one of Palm Beach's first genuinely mixed-use lifestyle precincts where cafés, restaurants and convenience retail become part of residents' everyday lives.

Sherpa has also retained management rights across the development, allowing it to oversee the long-term operation of the building through a 24-hour concierge model. The developer is also exploring additional revenue streams within the precinct aimed at helping offset ongoing body corporate costs for residents.

[smartcode_project:default project_id=150017 project_image_fid=370962]

While Soleira is the largest project Sherpa has delivered, the rooftop-first philosophy has been evolving for several years.

It began with <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>, the first project released under the Flourish brand. Rather than competing at the ultra-luxury end of the market with oversized half-floor and full-floor residences, Sherpa focused on creating lifestyle-driven apartments supported by resort-style shared spaces.

Amargo introduced more than 800 sqm of rooftop amenity, combining wellness facilities, heated pools, entertaining areas, cabanas, pizza ovens and private dining spaces into what was designed as an extension of residents' homes rather than a facility used only occasionally.

[smartcode_project:default project_id=146527 project_image_fid=366550]

That approach continued with Flourish Oasis, where the same amenity-led philosophy was refined into a more boutique development. Strong demand from Sherpa's growing VIP database saw much of the project sold before it reached the broader market, reinforcing buyer appetite for apartment communities centred around shared lifestyle experiences.

Flourish Amargo is slated for completion mid-way-through next year, with Oasis to be delivered by late 2027. Flourish Soleira is expected to complete in 2030.

[smartcode_project_cta:default project_id=150017]

Sherpa takes amenity to the sky as Flourish Soleira captures booming Palm Beach demand

As apartment living continues to evolve across Sydney's growth corridors, the quality and distribution of shared spaces is increasingly shaping how residents experience home. Rather than functioning as add-ons, amenities are being embedded into the daily rhythm of a building, supporting everything from quiet retreat to social interaction, often within a single vertical community.

At <a href="https://www.apartments.com.au/new-apartments/aeris-melrose-park-nursery-street-melrose-park-nsw-2114">Aeris</a> in Melrose Park, this approach is resolved through a layered amenity offering that unfolds from ground level through to its upper podium. Developed by <a href="https://www.apartments.com.au/developers/sekisui-house-australia">Sekisui House Australia</a> in partnership with Hankyu Hanshin Properties, the project introduces 468 apartments across two towers and a mid-rise building, positioned at the highest point of the broader masterplan.

[smartcode_project:default project_id=426 project_image_fid=359199]

The amenity experience begins at street level, where two courtyards sit within a landscaped setting that connects residents to the wider network of parks and green spaces. These green spaces are not isolated pockets but part of a wider pedestrian network that links Aeris to the surrounding <a href="https://www.apartments.com.au/developments/melrose-park-nsw-2114">Melrose Park</a> precinct, including Central Park, future schools, and the Town Centre opening in July 2026. The result is a transition that moves from public to private without abrupt boundaries, allowing residents to pass through shaded, tree-lined environments before reaching the building itself.

Moving upward, the focus shifts to the level five podium, where the primary communal facilities are concentrated. This space brings together a 16-metre swimming pool, outdoor seating areas, and a communal BBQ zone arranged to take advantage of elevated outlooks. Seating is positioned beneath pergolas, creating pockets of shade that extend the usability of the space throughout the day. The pool edge aligns with views toward the wider district, reinforcing the sense of elevation that defines the project’s positioning.

In the adjacent building, this is complemented by quieter, more contemplative spaces, including an outdoor cinema set within the same level. Positioned to operate primarily in the evening, it introduces a different tempo to the shared environment, shifting from daytime activity to after-hours use without requiring separate zones.

[smartcode_project:default project_id=426 project_image_fid=360299]

The podium also accommodates an intimate private resident gym. Located on the lower levels, it gives residents convenient access to fitness facilities without leaving the building.

Above, the elevated podium sky deck extends the amenity offering, providing additional open-air spaces with elevated outlooks across the surrounding landscape. While more restrained in program, this upper level reinforces the project’s vertical progression, from ground-level greenery to elevated outlook, allowing residents to move between distinct spatial conditions within a single address.

This distribution of amenities reflects a deliberate response to how residents use space across the day. Sekisui House Australia Sales and Marketing Director Peter Kalaf points to the role these shared areas play in shaping buyer demand. Aeris has been conceived as more than a collection of apartments, with the podium pool, gym and outdoor cinema forming part of a broader lifestyle offering that extends the home beyond each individual residence.

[smartcode_project:default project_id=426 project_image_fid=360300]

What distinguishes Aeris is not the inclusion of these elements individually, but how they are arranged in relation to one another. Active, social, and passive spaces are layered vertically rather than separated, allowing residents to choose between them without leaving the building or moving far from their apartment. This proximity supports both routine use, such as a morning swim or evening workout, and more occasional gatherings, whether around the BBQ area or within the cinema setting.

The amenity design also sits within a broader framework of connectivity across Melrose Park. The Melrose Park Town Centre, anchored by Coles and Dan Murphys, features a mix of retail, dining, health and lifestyle offerings, bringing everyday convenience closer to residents. By the end of the year, more than five hectares of parks and open space, equivalent to around seven football fields of green space on residents' doorstep, will further enhance the precinct, allowing the internal facilities at Aeris to operate as an extension of the wider neighbourhood rather than a substitute for it.

Construction at Aeris continues to gather momentum, with ground floor slabs expected to be completed in late 2026 before the first sections of the buildings begin to rise above ground.

[smartcode_project_cta:default project_id=426]

Elevated amenity anchors daily life at Aeris, Melrose Park

South Melbourne

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Melbourne-based firm Hayball has won four architectural awards at a ceremony in Berlin for their work on the South Melbourne Primary School.
The school will be Victoria’s first vertical school and involves the development of a new model for school and community housing 525 students.
The project includes an early learning centre, administration, multi-purpose community rooms and indoor and outdoor multi-purpose sports courts.
Richard Leonard, director of Hayball, said it's a great honour to be recognised on a global scale by the Education – Future Projects category at the WAF Awards.
"What we’re most proud of is the combination of a learning hub with a community centre for the local residents to enjoy, which embraces the connection between learning and recreation, students and neighbours," he said.
"As the first vertical school in the state, the project is both experimental, innovative and enthralling."
The school will be located in the Fishermans Bend Urban Renewal Area and Leonard said it demonstrates forward planning of community infrastructure with the shared facilities forming a mutually supporting complex of excellent and wide ranging services for an emerging local community.
“In a precinct that is one of Australia’s largest urban renewal areas and expected to swell to 80,000 residents over the next 40 years, future proofing educational facilities is a critical factor in ensuring a suburb can evolve and behave according to the needs of its residents," he said.
"With this primary school which offers more than the traditional spaces for learning, we’re building a new model for education that caters to more than just students, but the broader community.”
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j.ballantyne1990-6AQqhLzZaK

Hayball wins international architecture awards for South Melbourne vertical school project

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South Melbourne is poised to host a new hotel on the corner of Moray and Dorcas Street, with developer Perri Projects planning to launch the luxury development.

Having gained a footprint onsite during 2005, subsequent land purchases were made allowing Perri Projects to push ahead with the hotel scheme, which entered planning mid last year. With approval in place, Perri Projects are now ramping up their intentions for the site to coincide with a high time in Melbourne's hotel sector, which is enjoying buoyant occupancy rates.

Not too far from the mass of hotels in Melbourne's CBD, but far in terms of design ethos, Perri Projects are positioning the new hotel facility as alternative experience in an urban setting.

Aimed principally at the premium business market, the intended hotel at 185-197 Moray Street will include a pool, gym and business centre, in addition to café/restaurant and bar spaces at ground level. A rooftop function and events centre will crown the six level building.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/south_melbourne_hotel.jpg" rel="gallery-all" title="Hotel accommodation set above an active street frontage. Image: Perri Projects"><img alt="" class="image-article-full-width-580px" height="677" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/south_melbourne_hotel.jpg?itok=cDnGBW-C" title="Hotel accommodation set above an active street frontage. Image: Perri Projects" width="580"></a>

<figcaption>Hotel accommodation set above an active street frontage. Image: Perri Projects</figcaption></figure><blockquote>
There is a distinct lack of new, luxury hotel offerings in this area. The majority of existing hotel stock around St Kilda Road and South Melbourne is now ageing considerably so we’ve identified a real gap in the market for quality, bespoke hotels for business and high-end leisure travellers

The move into the boutique hotel space is closely aligned with our brand and business strategy; we have been working towards this for the past three years. More than a hotel, we envisage this mixed-use development to be a lifestyle destination in South Melbourne including retail, food and beverage, and a rooftop function and events centre.

Our current strategy is to develop and retain a significant portfolio of the retail and commercial facilities in our mixed-use masterplanned developments so we view investing in hotels as an extension of that.

Perri Projects is in early discussions with some of Australia’s premium hospitality groups for partnerships in the restaurant and functions centre. We’re looking at only the best operators to reinforce the sophistication of the precinct
<cite>David Scalzo, Managing Director, Perri Projects</cite>
</blockquote>

Plus Architecture designed the futuristic building which will see the exterior present as a mix of exposed concrete and treated glazing. A special application to the glazing will provide the development with a unique finish across a clean, simple form.

Transitioning from white and solid to clear and luminous, the tiled facade is a novel look with Plus Architecture also intending for these lines and forms to <a href="http://www.plusarchitecture.com.au/portfolio/moray-street/">directly relate to their corresponding internal suites</a>.

Moray Street will be Perri Projects' first Melbourne hotel development, with intentions in place to acquire suitably zoned development sites that will add to their local hotel portfolio. Active across Melbourne and Brisbane, Perri Projects have also broken the ice in Queensland with their South City Square development to also include a boutique hotel.
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silvermb

Perri Projects diversify into the hotel sector

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Developer Perri Projects will launch a boutique luxury hotel, restaurant and event space in South Melbourne on the corner of Moray and Dorcas Streets.
Perri Projects purchased a 700sqm site in 2005 and has purchased two adjoining sites since.
The site has been granted a planning permit by the City of Port Phillip Council.
Perri Projects managing director, David Scalzo said they are in early discussions with hospitality groups for partnerships in the restaurant and functions centre. 
"More than a hotel, we envisage this mixed-use development to be a lifestyle destination in South Melbourne including retail, food and beverage, and a rooftop function and events centre,” he said.
"There is a distinct lack of new, luxury hotel offerings in this area. The majority of existing hotel stock around St Kilda Road and South Melbourne is now ageing considerably so we’ve identified a real gap in the market for quality, bespoke hotels for business and high-end leisure travellers.
The hotel, designed by, Plus Architecture, will boast three street frontages.
Plus Architecture Director Ian Briggs said the façade was imagined as a collection of crystalline blocks in which gritty concrete frames are juxtaposed with vapour-like glazing to create a dream-like presence.
The hotel is aimed at the business premium market and features a pool, gym and business centre.
 
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Approval given for new boutique South Melbourne hotel

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A South Melbourne office offering has been listed for sale with five levels up for grabs.
The property at <a href="https://www.realcommercial.com.au/property-offices-vic-south+melbourne-502061490" target="_blank">190 Coventry Street</a> has a land size of about 120 square metres, with floor areas of between 70 square metres to 120 square metres.
The building is a five level strata office development with rooftop terrace with car parking facilities included.
<img src="/images/2016/10/03/190%20Coventry%20Street.jpg" alt="">
It offers a view of Albert Park Lake and the Melbourne CBD skyline.
It is offered through CBRE agents Tim Last, Nick Lower and Tom Tuxworth.
The building is set to be completed in three months.
Lower recently put an estimated price of $600,000 upwards on each of the floors and suggested owner-occupiers have been looking to purchase through their self-managed super funds.
<img class="aligncenter size-large wp-image-23428" src="https://www.commercialrealestate.com.au/news/wp-content/uploads/2016/08/190-coventry-5.jpg" alt="Side cutaway of the 190 Coventry Street building. Photo: Supplied" width="640" height="516">
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Off the plan South Melbourne office levels hit the market

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Set to open in 2018, the construction for Victoria's first vertical school has begun with the Premier, Minister for Education James Merlino and local member Martin Foley turning the first sod of soil and launching a new state government authority that will oversee building of new, and upgrade of existing local schools and early childhood centres.

Designed by <a href="http://www.hayball.com.au/projects/south-melbourne-primary-school/">Hayball</a>, the P-6 South Melbourne Primary School, located on Ferrars Street, will have five levels with open space on each level according to a Victorian Government media release.

<blockquote>
On a compact inner urban site of 5000m2, it will be located in the Fishermans Bend Urban Renewal Area which is expected to grow to 80,000 residents over the next 40 years.

Involving the development of a new model for school and community, a key innovation is the unprecedented integration of shared school and community facilities. As well as a government primary school for 525 students, the project includes an early learning centre, administration, multi-purpose community rooms, a recreation hub (indoor netball courts) and associated amenities.
<cite><a href="http://www.hayball.com.au/projects/south-melbourne-primary-school/">Hayball's description</a> of the new South Melbourne Primary School</cite>
</blockquote>

To read more about the project, see the new <a href="http://www.schoolbuildings.vic.gov.au/Pages/Schools/South-MelbourneFerrars-St.aspx">Victorian School Building authority's website</a>.

Select an image below to view the larger renders of the new school, originally posted on the Premier's Facebook feed.
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Alastair Taylor

Victoria's first vertical school to rise in South Melbourne

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A mixed-use investment at Oakleigh's key retail and commercial precinct in Melbourne's south-east is expected to fetch over $4.5 million.
Advertised by Teska Carson, <a href="https://www.realcommercial.com.au/property-retail-vic-oakleigh-502046658" target="_blank">40-42 Atherton Road</a> comprises an 829 sqm building incorporating a double fronted shop and three brand new apartments over two levels. 
The 424 sqm site, located in a precinct that includes Woolworths, Coles, Liquorland, all major banks, and Chemist Warehouse, has around eight metres frontage to tree-lined Atherton Street.
It has rear access and on-site parking.
The property is currently leased to ANZ Bank on a ten year term at circa $121,275 per annum.
The three apartments, including one with three bedrooms and study, one with three bedrooms and one with two bedrooms, will be offered with vacant possession.
Tesla Carson's marketing agents Anthony Choi and Michael Taylor suggest the property has a potential income, fully leased, of $215,000 per annum.
Anthony said the sale presented a rare opportunity to acquire a well-located investment in a much sought and tightly held commercial precinct.
"This is an exceptional property in a street which has proven to be highly desirable for both owner-occupiers and investors for its popularity and comprehensive retail and commercial offering in an increasingly high density residential region. 
"Oakleigh with its proximity to the bayside and other lifestyle attractions including some of Melbourne’s best golf courses, has been a magnet for those seeking an address with all the essential amenities within relatively easy commuting distance of Melbourne CBD."
They expect strong interest from investors looking to add a modern, well-presented asset which could offer a diversified tenancy profile.
The property is for sale expressions of interest closing August 31.
 
 
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Oakleigh mixed-use investment in tightly held precinct

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The couple behind The Film Company, Richard and Lisa Keddie secured $760,500 when 3 Park Place in South Melbourne sold earlier this month.
The one-bedroom loft apartment, with study, had been auctioned with a price guide of $580,000-plus.
The Keddies’ company has produced films including Oddball, starring Shane Jacobson, and Little Fish, with Cate Blanchett.
<a href="https://www.realestate.com.au/property-apartment-vic-south+melbourne-122646638" target="_blank">The apartment</a>, positioned atop a shop, is dual-zoned for a home/office setup.
Its kitchen flows on to an outdoor deck.
Matthew Grima and Sam Friend of Marshall White One, Armadale, are handling the listing.
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firstname1-iYD4UYzvBa

South Melbourne sale by film industry couple

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The much televised terrace at 403 Dorcas Street, South Melbourne was certainly the celebrity weekend auction offering in Melbourne, though selling without much fanfare at $1.73 million.
It featured in <a href="https://www.realestate.com.au/property-house-vic-south+melbourne-122178618" target="_blank">The Block, Channel 9 series in 2012</a> when bought by the Energy Watch boss Daniel Wallis at $1,400,001.01 after its renovation by brothers, Mike and Andrew Jones.
The weekend bidding kicked off at $1.6 million with the four bedroom terrace on the market at $1.72 million.
With its preference now for Melbourne, The Block offerings are increasingly omnipresent with the South Yarra apartment renovated by Kingi and Caro in the hit renovation show lastyear, set to be raffled off as part of Mater Prize Homes prize draw.
The stressful renovation show is rumoured to return to air soon with a Port Melbourne warehouse makeover of the former Velvet soap factory administration office of J Kitchen &amp; Co.
 
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jchancellor-FAypfDUnLy

The Block, South Melbourne terrace sale without fanfare

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A Chinese group has bagged a 1,441 sqm South Melbourne mixed-use development site for $15.07 million, more than $5 million above what the vendor paid only three years prior.
The <a href="https://www.realcommercial.com.au/property-land+development-vic-south+melbourne-501758938" target="_blank">41-49 Bank Street</a> site was sold through an international CBRE expressions of interest campaign.
The agents said the EOI campaign attracted interest from both offshore developers and prominent local groups.
“We anticipate continued strong demand from Chinese developers throughout 2016, irrespective of current concerns with the Chinese stock market, which will drive positive outcomes including jobs in construction, planning and design,” CBRE suggested. 
The site has permit approval for a 16 level mixed-use development, with existing permitted height above current planning parameters. It offers dual street frontage totaling more than 60 metres. 
The location is close to Melbourne's arts, sporting and entertainment precincts.
Julian White, associate director of CBRE’s Victorian Development Sites team, said the continued prominence of Chinese buyers was encouraging, particularly for Melbourne’s accommodation sector.
“Apartment living is the way of the future in Melbourne. The continued high absorption rates of CBD and inner city apartments are a clear sign that the market needs to continue to build more apartments, not slow down development.”
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Chinese developer banks $15 million development site in Melbourne

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Melbourne developer Tim Gurner secured strong sales in his pre-launch of his South Melbourne project.
Architects Elenberg Fraser, interior designer David Hicks and landscaper Jack Merlo have collaborated on the nine-level building of 71 apartments set 200 metres from Albert Park Lake.
The 74 Eastern Road, South Melbourne pricing was set at $435,000 to $3.95 million through 360 Property Group.
All six penthouses were first to go bought by five buyers, with Gurner banking a total of $10.75 million.
One buyer bought two penthouses, outlaying $3.5 million to amalgamate the pair.
Gurner invested $1 million on the display suite.
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