Virgate Property Group is preparing to commence construction of Verdé, its new apartment development in Melbourne's Arts Precinct at Southbank, following a strong run of sales that has seen more than half of the project's 173 apartments secured.

Verdé has attracted a broad mix of first home buyers, owner-occupiers upgrading from nearby inner-city suburbs and investors, with younger owner-occupier couples aged between 28 and 45 accounting for the strongest enquiry. Many are already living in Southbank, South Melbourne, Albert Park, Port Melbourne, South Yarra and the CBD.

"Verdé is located in one of the most desirable pockets of southern Melbourne," Blair Property Group Director Darren Blair, who is managing sales at Verdé, said.

"It's within walking distance of the Arts Centre, Royal Botanic Gardens, Albert Park Lake, and Southbank's restaurants and retail. It's a great lifestyle location with strong amenity and liveability, which made it a very attractive choice for the project."

[smartcode_project:default project_id=4661 project_image_fid=372549]

Virgate was already familiar with the precinct, having previously delivered the successful Domain House development in neighbouring South Melbourne. That experience gave the developer confidence to acquire the Coventry Street site and continue expanding its presence in Melbourne's inner south.

"We had been keeping an eye on the site and the broader precinct for a few months before deciding to move forward with the acquisition," Virgate said.

The project was ultimately secured in 2020 following feasibility studies, planning assessments and due diligence, with the brief centred on delivering "a high-quality, considered design that feels both refined and fit for purpose."

[smartcode_project:default project_id=4661 project_image_fid=314259]

Designed by <a href="https://www.apartments.com.au/architects/bruce-henderson-architects">Bruce Henderson Architects</a>, Verdé comprises 173 one, two and three-bedroom apartments priced from $599,000. The architecture is distinguished by a faceted glass façade that responds to both the site's outlook and Melbourne's changing light conditions.

According to Bruce Henderson Architects, the coloured glazing gives the building a distinctive identity while also providing privacy and solar shading, with residences oriented to capture views across the bay, city skyline and surrounding parklands.

Inside, <a href="https://www.apartments.com.au/interior-designers/designoffice">DesignOffice</a> has created interiors focused on natural light, efficient planning and enduring materials. Apartments feature engineered oak flooring, natural stone benchtops, floor-to-ceiling glazing and SMEG appliances, while a restrained material palette aims to complement the expansive outlooks rather than compete with them.

[smartcode_project:default project_id=4661 project_image_fid=372550]

Resident amenity has also been designed around everyday functionality rather than occasional use. Facilities include a concierge-serviced lobby, residents' lounge with fireplace, library and co-working space, gym, terrace garden with barbecue facilities, ground-floor café, and package delivery management.

The project's location continues to be one of its strongest drawcards. Positioned on Coventry Street, Verdé sits within walking distance of the National Gallery of Victoria, Arts Centre Melbourne, Royal Botanic Gardens and Albert Park Lake, while Southbank's dining precinct, Sturt Street trams and the new ANZAC Station are all nearby. The surrounding education catchment also includes Melbourne Grammar, Melbourne Girls Grammar, Mac.Robertson Girls' High School and several major university campuses.

The sales team says buyers have responded particularly well to the combination of location, design quality and long-term liveability.

"They're responding really positively to the quality of the design, premium resident amenities and the uninterrupted views. Many also appreciate the location and how connected it is to everything they need."

The ability to secure stamp duty savings before completion has also been a key factor for purchasers, alongside the opportunity to personalise finishes ahead of settlement.

With construction set to commence soon and more than half the apartments already sold, Verdé enters its next phase as one of the Arts Precinct's more established apartment developments, offering remaining buyers an opportunity to secure a residence before construction advances further. Expected completion is scheduled for late 2027.

[smartcode_project_cta:default project_id=4661]

Joel Robinson

Virgate's Verdé Southbank moves toward construction as sales fly past halfway stage

Downsizer-focused apartment development Kooyongkoot in Hawthorn has been recognised at the 2026 Better Future Melbourne Design Awards, taking home Gold and Silver awards in two categories.

<a href="https://www.apartments.com.au/new-apartments/kooyongkoot-hawthorn-1-kooyongkoot-road-hawthorn-vic-3122">Kooyongkoot</a>, currently being delivered by developer PQD and designed by Cera Stribley, received Gold in the Interior Design – Proposed category and Silver in the Architecture – Proposed category.

The dual recognition reflects the design approach behind the boutique development on prestigious Kooyongkoot Road, where the focus has been on creating homes for downsizers seeking the space, quality and functionality of a detached house within a low-rise apartment building.

Rather than maximising apartment numbers, <a href="https://www.apartments.com.au/developers/pqd">PQD</a> and <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a> limited the development to just 18 residences, allowing for larger floorplans, greater privacy, generous landscaping and expansive communal spaces.&nbsp;The majority of the apartments also benefit from corner aspects, allowing for dual sources of natural light.

Now around 70 per cent complete and on track for completion in November 2026, Kooyongkoot will comprise a mix of garden residences, ter​race apartments, sub-penthouses, and is crowned by two half-floor penthouses with direct lift access and private rooftop terraces.

[smartcode_project:default project_id=102717 project_image_fid=355297]

The Silver Award for Architecture recognised the way the building responds to its prominent corner position at the ent​rance to Hawthorn's Scotch Hill precinct, one of Melbourne's most established residential neighbourhoods.

Rather than competing with the grand homes that line Kooyongkoot Road, the architectural approach focused on restraint and longevity, using curved brickwork, generous landscaping and carefully considered proportions to integrate with the existing streetscape.

"The form feels fluid and timeless, as though shaped by the landscape itself – architecture that belongs, rather than competes," said Chris Stribley, Co-Founder and Managing Principal of Cera Stribley.

The judging submission also highlighted practical innovations throughout the building, including lift cores servicing only nine homes each, a central landscaped lightcourt designed to bring daylight and ventilation into the building, and fully enclosed private storage rooms with lighting, power and shelving to better accommodate residents transitioning from larger family homes.

[smartcode_project:default project_id=102717 project_image_fid=355293]

The Gold Award for Interior Design recognised the project's focus on long-term liveability rather than display-home aesthetics.

According to the awards submission, the interiors were designed from the inside out, prioritising how homes would function over decades of daily use through generous proportions, practical storage, durable natural materials and flexible layouts.

The specification includes natural stone throughout, upgraded acoustic glazing, V-ZUG appliances and fully enclosed storage rooms, alongside an amenity offering focused on wellness, entertainment and everyday convenience.&nbsp;

Residents will have access to a gym and yoga studio, a wellness centre featuring traditional and infrared saunas, a cold therapy shower and treatment room, as well as a residents' lounge and golf simulator/cinema room for entertainment.&nbsp;Kooyongkoot has also considered the everyday convenience of its residents by offering a private carwash and pet wash facilities on site as well as dedicated parcel lockers and oversized fully enclosed storage rooms.&nbsp;

[smartcode_project:default project_id=102717 project_image_fid=355303]

The project's attention to detail has already resonated with buyers. Earlier this year, Kooyongkoot recorded one of Boroondara's highest apartment sales when an $8 million penthouse was purchased by a Melbourne CEO downsizing from a nearby family home.

"Every detail feels deliberate, from the overall design down to the smallest touches," the purchaser said.

"The level of quality and refinement is exceptional, but what really sold it was how liveable it felt... It felt like a place where everything had been considered, not just a luxury building."

[smartcode_project:default project_id=102717 project_image_fid=355304]

Sustainability also formed a key part of both award submissions. Kooyongkoot is targeting a minimum 7.5-star NatHERS rating across all residences, supported by passive design principles, high-performance glazing, EV charging infrastructure, water reuse systems and a wellness model focused on lower-energy dry facilities rather than pools and large wet areas.

Located within walking distance of Scotch College, Methodist Ladies' College, Koo​yong Lawn Tennis Club, Aubur​n Village and Camberwell Junction, Kooyongkoot continues to target owner-occupiers looking to remain in Melbourne's inner east without compromising on space or quality. A limited selection of two, three and four-bedroom residences remains available, with prices starting from $1.9 million.

[smartcode_project_cta:default project_id=102717]

Kooyongkoot wins Gold and Silver at Better Future Melbourne Design Awards

New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

[smartcode_project:default project_id=5743 project_image_fid=372394]

Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

[smartcode_project:default project_id=5743 project_image_fid=953]

Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

[smartcode_project:default project_id=5743 project_image_fid=925]

Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

[smartcode_project:default project_id=5743 project_image_fid=5374]

The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

[smartcode_project_cta:default project_id=5743]

The apartment price gap drawing Sydney buyers west

A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

The long-planned transformation of Brisbane's historic Shafston Estate has taken another major step, with Capella Hotel Group announced as the luxury hospitality partner behind what will become Brisbane's first branded residences.

The project, to be known as Capella Residences Brisbane, is being delivered by Verso Projects at the landmark Kangaroo Point riverfront estate, with completion targeted for 2029.

The announcement follows a series of planning changes to the project over recent years. The site was originally approved in 2023 for a 15-level, 37-apartment development designed by Rothelowman for Burgundy Group before Verso Projects took over the 10,070 sqm riverfront holding and lodged revised plans with Kerry Hill Architects to increase the development to a 25-level tower with 51 apartments.

The latest announcement confirms Capella Hotel Group will bring its branded residential offering to the project, marking just the second Capella Residences development globally after Seoul, and the group's first branded residential project in Australia.

The <a href="https://www.apartments.com.au/new-apartments/23-castlebar-street-kangaroo-point-qld-4169">Castlebar Street development</a> will centre around the restoration of the heritage-listed Shafston House, one of Brisbane's oldest residences, originally constructed in 1851 by Reverend Robert Creyke as a single-storey cottage known as Ravenscott.

<img alt="Capella" data-entity-type="file" data-entity-uuid="2b9f4ce5-638f-4d6b-8082-3ca7e4b75fca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-09%20at%207.20.41%E2%80%AFAM.png?VersionId=f7aeqsW_DzOJI4FymWb3lD8NptSfsP7q" />

Capella said the project aligns with its focus on heritage-led developments, with the Brisbane estate combining the restored historic residence with a new luxury apartment tower and hospitality-inspired resident amenities.

Residents will have access to the Capella Living Room, a concierge-led communal space inspired by the group's luxury hotels, alongside landscaped gardens, six swimming pools, wellness and recreation facilities.

The broader estate will also include two riverfront homes, a six-berth private marina, porte cochère arrival experience, secure basement parking and a new section of public riverwalk along the Brisbane River frontage.

The heritage Postal Depot Building will also be retained and repurposed as a guest house, in line with the revised development plans.

The project represents another evolution for the site, which Kerry Hill Architects previously described as a rare opportunity to restore one of Brisbane's most significant heritage estates while creating a new benchmark for apartment living.

"The Shafston Estate provides a once-in-a-generation opportunity to restore one of Brisbane's finest heritage precincts and to reinstate residential use as a unique site perched on the edge of Kangaroo Point," Kerry Hill Architects said in its Urban Context Report accompanying the planning submission.

"The project will celebrate excellence in sub-tropical residential design, setting a new benchmark for vertical living in Brisbane."

Verso Projects, which now has an $8.5 billion development pipeline spanning more than 6,000 dwellings across apartments, townhouses, retail and commercial projects, said the partnership with Capella would elevate the development beyond a traditional residential project.

"We feel honoured to be restoring Shafston Estate to its former glory, elevating it to new heights of luxury and excellence underpinned by Capella's distinctive service ethos and design philosophy, and making it a standout landmark in Brisbane," Verso Projects CEO Steve Laffey said.

"By partnering with Capella, globally recognised for its refined approach to luxury hospitality and deep respect for cultural and historical context, we will elevate this project beyond a residential offering into a world-class destination."

Capella Hotel Group President Roland Fasel said Brisbane's emergence as a global city made it the right location for the company's Australian residential debut.

"Brisbane is a city on the cusp of something remarkable, and Capella Residences is our commitment to being part of that story," Fasel said.

"The Capella residential experience is more than luxury. It is about a sense of belonging to a place with deep meaning."

Private appointments have now opened for the project, with a display suite expected to open in late 2026 ahead of the planned 2029 completion.

Capella to launch Brisbane's first branded residences at Shafston House, Kangaroo Point

South Yarra

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A fitted space on Commercial Road in South Yarra is the latest be snapped up by a hospitality operator.
The hospitality operator is looking to take advantage of the increased demand for takeaway and delivery services.
Lewis Waddell of Fitzroys leased the 150 sqm property at 151 Commercial Road to a Mediterranean eatery at $55,000 per annum plus outgoings and GST, on a secure 4+4-year term.
Waddell said tenants are also taking a longer-term view beyond the current environment. The property’s proximity to the Prahran Market and the amenity and accessibility of the Chapel Street retail and lifestyle strip were an attraction. 
He said the possibility that people will be working from home more often in the future, and the surrounding established residential catchment would further add to the locations’ trading viability across all hours.
Waddell said fitted hospitality spaces are being snapped up by food and beverage operators adapting to changes in the hospitality sector.
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Fitzroys has secured 72 leases since the State of Emergency was declared. This includes 45 retail deals, of which 48% have been to hospitality tenants. Coming into this year, food and beverage operators accounted for around 29% of tenants throughout the retail strips, according to Fitzroys research.
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Mediterranean eatery lease South Yarra fitted space

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Poolman House, located in South Yarra on the corner of Domain and Punt Roads, retains its name from its roaring 20s owners.

Perhaps it was the installation of its ballroom in 1928 by the Poolman family who entertained grandly that ensured their name lives on.

Maybe it was their charitable gifting of the house in 1951.

Ofcourse the nameplate on the front garden gate assists its recognition.

Ernest Poolman was a manufacturer, who paid 14,000 pounds for the home in 1921, with wife Jeannie, having previously lived elsewhere on Domain Road.

Her name lives on in the name of the Royal Children's Hospital of Melbourne's annual $5500 Jeannie H Poolman Scholarship, awarded for the purposes of travelling to enable further post-graduate paediatric education abroad.

The Poolmans had bought it from Norman and Mary Faukiner of the pastoralist family who then moved just along Domain Road.

The Falconer's had bought it for 16,200 pounds three years earlier from Collins Street surgeon Dr John Dunbar Hooper who took the house name, Bathwick to his next home in Albany Road Toorak. His father Sir William Roe Hooper had been the honorary surgeon King Edward.

Jeannie Poolman, who eventually downsized to the 1920s apartment complex, Amesbury House just a few doors away, donated the use of house to the Red Cross in 1941 during World War 11 and then in 1951 it was gifted to the Church of England became a nursing home for three decades. Her estate on her 1960 death was 464,000 pounds.

The church sold in 1987 for $875,000 to the international interior designer John Coote and his wife Andrea.

Their renovation saw it sold in August 1989 for $3.5 million to the car dealer Noel Gould and his wife, Marlene who in 1992 filed statements revealing total debts of $17 million when they proposed their affairs be dealt with under Part X of the Bankruptcy Act.

The Goulds, who were social page regulars with a passion for racehorses, disclosed assets made up of just $95 in a Westpac account and $35,000 in furniture at Poolman House.

The house sold after its unsuccessful 1992 auction for $1.675 million to Martyn Riley and wife, Mary.

It was last sold 20 years ago when the grand Victorian style home was secured for $2.7 million by the property tycoon, and former Richmond Football Club director, John Matthies.

The mansion with a large garden sits on 2750 sqm, the largest of holdings in the Domain precinct. There is a larger South Yarra holding in the Avoca House, Alexandra Avenue precinct which last sold in 1996 at $1.96 million. The property is owned by the Myer family.

The landmark Poolman House has had a rich history, its RT Edgar agent Antoinette Nido says.

"The late John Coote impeccably renovated the home’s classical features to align with modern-day living.

"The current owners of twenty years have updated and refurbished the mansion maintaining the John Coote classical style," she advised.

She suggests its imposing verandah was reminiscent of the Melbourne Club. The ballroom has stage and ceiling frescos painted by Nobby Seymour.

The six bedroom, five bathroom house with Paul Bangay gardens and tennis court comes with a $20 million to $22 million price guide.

"With its inspiring archive of grand events, flawless preservation and rare land holding, and location in the prized and tightly held Domain precinct in South Yarra, Poolman House is a once-in-a-lifetime property ready for a new era," Nido said. 

The first residence on the site was built in the early 1860s by woolworker Richard Goldsborough who didn't stay long before moving to Abbotsford where he warehouse business was located.

It was then occupied by John Buckley from the rural firm Dalgety &amp; Co. Then other families including the Brodribb, McKinley and Borron clans have occupied the home, along with George Grantham.

The home was known in colonial times as Glenronald. Sadly the online Victorian Heritage Council database is wanting, with no details at all.

This article was first published in the Weekend Australian.

 

Other projects near South Yarra:

[smartcode_project:default project_id=600]

[smartcode_project:default project_id=3298]

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Poolman House, South Yarra retains its name from its roaring 20s owners

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Sherry and empanada bar operator, Double Tree International (Australia) Pty Ltd, has agreed terms on a new lease at South Yarra.
In a deal brokered by Teska Carson leasing agent, Reece Israel, the 47 sqm ground floor tenancy at <a href="https://www.realcommercial.com.au/leased/property-ground-floor-16-toorak-road-south-yarra-vic-3141-503307798" target="_blank">16 Toorak Road</a>, was let at $30,000 per annum on a three year term with two further three year options.
Mr Israel said the property benefitted from its prominent Toorak Road frontage.
He said the fully functioning kitchen with a large pizza oven had been a key factor for Double Tree.
"This is a great location for a food and beverage retailer with its close proximity to various transport options and excellent street exposure, while the premises is well suited to the client’s operational requirements,’’ Mr Israel said.
The lessor is a Melbourne based private investor. 
 
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Sherry and empanadas come to Toorak Road, South Yarra

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A South Yarra, Victoria sub penthouse mortgagee apartment has been listed for $2.3 million.
The brand new property is comprised of three bedrooms, two bathrooms and two underground parking spaces.
Peter Kudelka and Mark McKenzie of Kay &amp; Burton South Yarra are marketing the property.
Situated at <a href="https://www.realestate.com.au/property-apartment-vic-south+yarra-131066022" target="_blank">3/6 Chambers Street</a>, the abode was constructed in 2017.
The home was originally listed for $2.75 million in April 2019. The asking price has been reduced twice since then, first to $2.55 million in August and most recently to $2.3 million where it currently sits.
Set on 280 sqm, it features 211 sqm of internal living space.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
The median price for a house in <a href="/developments/south-yarra-vic-3141">South Yarra</a> is $538,500 according to CoreLogic. 
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Near new South Yarra, Victoria sub penthouse mortgagee apartment listed

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Taco Bell has now leased a 320 sqm retail space on Chapel Street following an online teaser.
Fitzroys agents James Lockwood and Lewis Waddell have leased the fully-fitted space at 352 Chapel Street, South Yarra to the US-based food giant, on behalf of a private investor.
Lockwood said Melburnians continue to embrace inner-city living and are increasingly looking to live, work and go out in and around the city, reflected in the development of the high-density Forest Hill precinct nearby and major projects in the pipeline for the area that include the $1.25 billion Jam Factory overhaul that are transforming Chapel Street.
“As well as the Jam Factory redevelopment and Forest Hill, projects including the the soon- to-be-completed Capitol Grand and W Hotel, and new office builds at 627 Chapel Street and Chapel Plaza at 402 Chapel Street will boost retail and hospitality trade across all hours,” Lockwood said.
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Waddell said hospitality groups made strong enquiry throughout the campaign, with the property offering a full hospitality fit-out and kitchen infrastructure. 
The enquiry demonstrated a clear appetite from food and beverage traders to secure a site on Chapel Street and the surrounding areas and tap into the growing local population and be a part of its transformation.
“The double-fronted property offers fantastic exposure in an area with high foot traffic, and which will be invigorated by new developments in the area.”
The Taco Bell site is due to be open later this year. 
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Taco Bell announces South Yarra outlet on Chapel Street

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The South Yarra penthouse of developer Michael Fox has sold for $9.12 million.
Prestige Homes of Victoria, Christies International agents Sean Cussell and Natalie Frid sold the apartment.
Fox hung on to the apartment which sits in the 2015 built Central South Yarra block that he built.
The 30 level, 367 apartment block was designed by Rothelowman in collaboration with Plus Architecture.
The 600 square metre property came complete with a fit out by local design firm Mim Design with fully automated technology. 
The iPad controlled apartment has Sonos speakers in all of the main rooms, wall-mounted TVs in three bedroom, keypad entry to the apartment and car park where there's garaging for nine cars.
Each of the four bedrooms have their own ensuite and walk in wardrobes, while the master bedroom ensuite features a steam room.
There's an adults retreat with a custom fitted bar, separate formal and informal living areas and a lap plunge pool.
This article was first published in the Weekend Australian. 
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Central South Yarra penthouse sold by developer Michael Fox

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A top floor penthouse located within a boutique duplex in South Yarra has hit the market for the first time in 30 years.
It has been listed for sale with a price guide between $3 million to $3.25 million.
Positioned high on South Yarra Hill, the apartment at <a href="https://www.realestate.com.au/property-apartment-vic-south+yarra-132205506" target="_blank">2/63 Murphy Street </a>comprises three bedrooms, north-facing living room, kitchen, 2.5 bathrooms and study.
A separate west-facing dining room is wrapped in windows with views of the complex’s surrounding Paul Bangay designed gardens.
Both the dining zone and separate study extend to a private entertaining terrace.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/23/south%20yarra%202.jpg" alt="">
The three bedroom accommodation is set in a private wing.
The main bedroom suite comes with wardrobes, travertine ensuite and balcony overlooking leafy Murphy Street.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/23/south%20yarra%203.jpg" alt="">
Other features of the penthouse include central heating and air conditioning, powder room, laundry, large storeroom and two car garage.
The property is situated within a stroll of the Yarra River, Toorak Road, Fawkner Park and the Royal Botanic Gardens.
Nicole Gleeson and Nicky Rowe of Kay &amp; Burton have the listing. 
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South Yarra top-floor duplex penthouse on market for the first time in 30 years

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Best-selling author Tom Noble has listed his South Yarra home.
Noble, who wrote I, Mick Gatto, Neddy, which was turned into the multi-award winning TV series Blue Murder, has owned the three bedroom home for over two decades.
He paid $560,500 for the sold brick freestanding home on 300 square metres in 1996.
Kay &amp; Burton agent Andrew Smith has a $2.4 million to $2.6 million guide.
Noble also wrote Walsh Street, which inspired the acclaimed Australian movie Animal Kingdom.
This article was first published in the Weekend Australian. 
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Best-selling author Tom Noble lists in South Yarra

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A Georgian style brick residence in South Yarra sold for $6,300,000, at an auction on the 19th of October.
Set on a 528 square metre block at 104 Caroline Street, the two story abode is described in the listing as an "exceedingly rare opportunity."
It features three bedrooms, and two bathrooms.
<img src="https://www.urban.com.au/images/2019/10/18/South%20Yarra%20Trophy%20Home%202.JPG" alt="" style="font-family: tahoma, arial, helvetica, sans-serif; font-size: small;">
The South Yarra Hill corner allotment is located moments from the Yarra River, the Domain Precinct, Botanic Gardens, Toorak Rd's boutiques and restaurants and elite schools.
Retaining original charm, the entrance hall leads through to a formal sitting and living room with open fire and a sunny study opening to the deep private northeast facing garden.
The circa 1926 home far exceeded expectations - A price guide of $5- $5.5 million was given in the statement of information.
James Tomlinson and Rae Tomlinson, from Marshall White Stonnington, listed the sale.
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Georgian style South Yarra trophy home successfully sold at auction

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The penthouse on the top level of Domain Park, designed by the celebrated architect Robin Boyd in the 1960s, has sold for $7.6 million, reflecting $46,000 per square metre.
The unrenovated 20th level apartment, which had a reserve of $5.1 million, sold at $44,000 per square metre as two bidders battled it out at its recent private auction.
Marshall White Stonnington agents Dean Gilbert and Mark Harris had a $4.55 million to $5,005,000 guide.
The Domain Park Flats was the first apartment building Boyd designed.
At the time it completed, it was the tallest residential building in Victoria.
The first residents of Domain Park Flats moved in in 1962.
The north-west facing apartment with views over the Botanic Gardens to Albert Park Lake features the original separate kitchen.
There are three bedrooms and just the one bathroom.
Buyers agent Mal James advised he "couldn’t see the freight at $5,000,000".
"$5,000,000 meant the asking price for the shell only was $30,300 per square metres for the 165 square metres," James advised.
"It’s not worth $30,300 per square metre when the best brand new apartments are trying it on at $25,000 per square metre."
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