Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Joel Robinson

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
</section>
</section>

[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Local Little Bay residents, along with buyers from premium postcodes across Sydney’s affluent Eastern Suburbs, have dominated purchases in developer-builder Urban Property Group’s first Eastern Suburbs apartment development, <a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a>.

The $250 million coastal project, one of the first new developments in the area in several years, has proven particularly popular with downsizers, especially those from Coogee and Bondi. One Double Bay downsizer paid $4.7 million for a four-bedroom penthouse, setting a new local apartment price record in the process.

Buyers have been attracted to the combination of coastal tranquillity, premium design and amenity-rich neighbourhood living. The walkable village setting, along with proximity to three of Sydney’s leading golf courses, New South Wales Golf Club, St Michael’s Golf Club and The Coast Golf Club, has also been a key drawcard.

[smartcode_project:default project_id=112343 project_image_fid=352689]

Built across two low-rise buildings designed by <a href="https://www.apartments.com.au/architects/hill-thalis-architecture-urban-projects-pty-ltd">Hill Thalis</a> and set along a lush, landscaped green spine, designed by leading landscape architect <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>, ESTE Little Bay offers a collection of one, two, three and four-bedroom residences with interiors by Richards Stanisich.

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> Sales Director, Tom McIvor said the response to ESTE has been "nothing short of extraordinary."

“Buyers have been quick to recognise ESTE as a rare opportunity to invest in a coastal sanctuary that offers both seclusion and connectivity to the heart of Sydney,” McIvor said.

[smartcode_project:default project_id=112343 project_image_fid=352687]

<a href="https://www.apartments.com.au/project-marketer/srm-residential">SRM Residential</a> Senior Director, <a href="https://www.apartments.com.au/project-marketer/srm-residential">Clayton Ross</a> said the local market has responded incredibly well, driven by ESTE’s exceptional location and the rarity it offers.

“We’ve seen strong interest from a variety of buyer groups, all of whom are drawn to the exclusivity and quality of the build and construction by the 4.5-star iCIRT-rated builder / developer, Urban Property Group. There’s truly nothing else like it along Sydney’s coastline.”

[smartcode_project:default project_id=112343 project_image_fid=352690]

The project also includes robust buyer protections, including Resilience Insurance’s Latent Defects Insurance, providing 10 years of structural cover, and an independent iCIRT-rating of the developer.

“The iCIRT-rating adds another layer of confidence,” Ross added. “Buyers see it as a safeguard for their investment and their lifestyle.” A highlight of ESTE’s offering is its exclusive wellness amenities, including a heated rooftop infinity pool and outdoor heated spa, a state-of-the-art Technogym fitness centre, and a sauna.

<a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a> is topped out and is on track to complete towards the end of 2026, with residents moving in before Christmas.

[smartcode_project_cta:default project_id=112343]

Eastern Suburbs buyers snap up ESTE Little Bay apartments

<a href="https://www.apartments.com.au/developers/sunland-group">Sunland Group</a> has officially lodged plans for its first Gold Coast apartment project since the departure of the Abedian family from the company three years ago, unveiling a new high-rise proposal for a prominent Broadbeach corner site on Old Burleigh Road.

The application was submitted by an entity directed by Tom Jamieson, stepson of longtime Sunland leader Soheil Abedian, and Riaz Rezvanipour, brother-in-law of Sahba Abedian, Soheil’s son.

Sunland acquired the 1,283 sqm site on the corner of Old Burleigh Road and Armrick Avenue for $9.5 million late last year and is now seeking approval for a <a href="https://www.apartments.com.au/new-apartments/99-101-old-burleigh-road-broadbeach-qld-4218">42-storey tower with 81 apartments</a>.

<img alt="First look: Sunland Group returns to Broadbeach with new Old Burleigh Road tower plans" data-entity-type="file" data-entity-uuid="fea2946d-90ee-4cfc-babe-2a8ad5db2cb6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers.png?VersionId=BV0fihJw31nDIQ8ozY_h3GbS8mxDyhnm" />

Designed by <a href="https://www.apartments.com.au/architects/contreras-earl-architecture">Contreras Earl Architecture</a>, the proposed tower at 99-101 Old Burleigh Road would deliver a predominantly larger-format apartment mix aimed at the owner-occupier market. Plans include 17 two-bedroom apartments, 55 three-bedroom apartments, and nine four-bedroom residences across 35 residential levels.

The development also incorporates three basement levels, four podium parking levels, two levels of communal recreation facilities, and rooftop plant and equipment. A total of 189 car spaces are proposed, significantly exceeding the 90 spaces required under the planning scheme.

The architecture adopts a sculpted, curvilinear form, with deep wraparound balconies and integrated landscaping intended to soften the tower’s vertical expression. The planning report states the building’s “slender footprint/form provides a complimentary yet varied built form within the local streetscape” and contributes to “a varied, yet ordered skyline.”

Contreras Earl noted in its Architectural Statement that from the early stages, the project addressed a fundamental challenge: how to accommodate the required residential yield while avoiding the conventional model of a tower sitting on a rigid, fully resolved parking podium.

“The most direct response would have been to consolidate parking into a singular, flat podium and extrude a repetitive tower above,” the statement said. “While efficient, this approach would result in a consolidated built form with limited engagement with the surrounding landscape and public realm.”

Instead, the conventional podium model was “deliberately rejected”. The architects described the base of the building as “a landscaped architectural condition where structure, planting and circulation are integrated”.

“Rather than presenting a continuous built mass, the base of the building is articulated through a series of concrete planter elements that organise the podium into a fragmented system,” the statement said. “This approach reduces the perceived bulk of the lower levels while establishing a more permeable interface with the streetscape and adjacent open space.”

<img alt="Sunland" data-entity-type="file" data-entity-uuid="923fad8d-c960-4527-8fbe-975cf1ddf88d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%2010.32.03%E2%80%AFAM.png?VersionId=pngwb0hYOIUpq9vDw6F2EsOiVuHF3DiX" />

&nbsp;

The site sits within the High Density Residential Zone and inside the City of Gold Coast’s unrestricted “HX” building height area, where the planning framework anticipates intensified residential development tied to the expanding light rail corridor. The planning report notes the area is undergoing “transition toward more intense development forms” given its proximity to Broadbeach, Surfers Paradise, and high-frequency public transport infrastructure.

Positioned directly opposite Broadbeach Park and within walking distance of Florida Gardens light rail station, the development would sit among a rapidly evolving stretch of Old Burleigh Road that has become one of the Gold Coast’s most active apartment development corridors.

The application joins a growing pipeline of luxury residential projects reshaping Broadbeach, including nearby developments by 5Point Projects, Polycell, and Graya.

The planning report argues the project contributes toward the Gold Coast’s long-term housing targets under the South East Queensland Regional Plan, which forecasts the need for more than 100,000 additional high-rise dwellings across the city by 2046.

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The Abedian family departed Sunland Group in late 2023, ending a four-decade association with the company, and subsequently established the private development firm Abedian &amp; Co. The group is currently delivering <a href="https://www.apartments.com.au/new-apartments/greenmount-residences-cnr-hill-street-and-marine-parade-coolangatta-qld-4225">Greenmount Residences</a> at Rainbow Bay and recently launched <a href="https://www.apartments.com.au/new-apartments/18-mary-avenue-14-18-mary-avenue-broadbeach-qld-4218">18 Mary Avenue</a> in Broadbeach.
</section>

First look: Sunland Group returns to Broadbeach new apartment market with new Old Burleigh Road tower plans

The Minns Labor Government has established the new Bays West Delivery Authority to lead the development&nbsp;of the Bays West Precinct and Blackwattle Bay Precinct.&nbsp;

The Authority is charged with creating Sydney’s newest precinct, a thriving, connected, sustainable hub with White Bay Power Station as its cultural heart. Its vision is to build on the area’s natural, cultural and industrial history to shape a vibrant new neighbourhood.

The precinct will deliver up to 8,500 well-located homes, including a minimum of 10 per cent affordable and essential worker homes. Combine new housing with public open space, opening public access to the waterfront for the first time in more than 100 years, while retaining important deep-water facilities to support Sydney’s working harbour.

Located just minutes from the Sydney CBD and connected to a world-class metro, ferry, walking and cycling links, the Bays West precinct will rebalance housing growth towards well-serviced inner-city locations and help tackle the state’s housing crisis.

The Bays West Delivery Authority,&nbsp;an agency of the Department of Planning, Housing and Infrastructure, will report to the NSW Minister for Lands and Property who already has oversight of major precinct renewal projects including at Blackwattle Bay and Barangaroo.

As part of the broader Bays West transformation, the Minns Government recently announced that a proposal from Lendlease to redevelop part of the Bays West Precinct has progressed to Stage 2 of the NSW Government’s unsolicited proposals process.

<img alt="Sydney" data-entity-type="file" data-entity-uuid="2ed71eb9-d8e8-4fa7-b9d1-de4531dcf2f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%209.42.31%E2%80%AFAM.png?VersionId=IDryFIbped9SNDg72LEN_EecvhUsOPvp" />

The Minns Labor Government has also confirmed the Bays West precinct will have a new suburb name. This will be the first major suburb built in close proximity to Sydney’s CBD in decades and will encompass the area currently being referred to as Bays West, including Glebe Island and the White Bay Power Station. Served by a new Metro station just five minutes from the CBD, it will become one of the most populous suburbs in the Inner West and one of Sydney’s premier cultural destinations.

An early works program is taking shape, which&nbsp;includes the first stages of an international design competition.&nbsp;

The aim of the Bays West&nbsp;International&nbsp;Design Competition is to&nbsp;ensure design excellence is embedded in the project from the start. The competition will deliver an&nbsp;urban framework that defines the character, ambition and long-term identity of&nbsp;this&nbsp;former industrial precinct as it transitions to a vibrant, inclusive and sustainable residential&nbsp;neighbourhood.

The competition will be led by the Bays West Delivery Authority in partnership with Government Architect NSW.&nbsp;

It will launch with an invitation for a global Expressions of Interest, before moving to an invitation-only stage that will be assessed by a panel that&nbsp;will provide advice to Cabinet who will select a winner.

Premier of NSW, Chris Minns said the establishment of the new Authority is the first step in transforming the Bays West precinct into a vibrant, livable suburb minutes from the Sydney CBD and two stops from Hunter St Station on the Metro West line.

“The Authority will deliver well-located homes close to the heart of the city and integrate the new precinct with Blackwattle Bay and the new Sydney Fish Market.

“This is a generational opportunity to build a new suburb on the city’s edge and open the harbour foreshore to the public for the first time in a century.”&nbsp;

Minister for Lands and Property Steve Kamper said the new Bays West Delivery Authority established by the Minns Government will turbocharge the development of Sydney’s newest suburb.

“The Authority is working at a record pace to deliver an international design competition, planning pathways and a financial model so that this development benefits Sydney with well-designed homes in a central location, close to public transport, jobs, entertainment and essential services.

“If we want Sydney to stay liveable and affordable, we need to be bold about using underutilised government-owned land to deliver homes for the future while making sure essential working harbour functions can be accommodated.”

Bays West Delivery Authority established to "turbocharge" Sydney’s newest suburb

South Yarra

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<div>
Beulah International has sold its Fawkner House, South Yarra penthouse for $16 million.
It was a two-level penthouse sold to a local couple.
The Malaysia-backed development is at 146 Toorak Road West.
It initially came with approval for 36 apartments when bought from Michael Yates for $17.5 million in 2016.
But Beulah had architect Rob Mills reconfigure it to just 10 apartments over three levels.
The penthouse was sold to include a unit below.
Six of the now-nine units are now sold with a 2020 completion date.
</div>
<div>
The penthouse has seven car parks.
There are a floor-to-ceiling height of five metres.
On launch the pricing of the project started from $4.9 million, with two four-bedroom penthouses priced from $9.7 million plus.
Collectively, the residences range in size from 250 sqm to 400 sqm.
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Fawkner House, South Yarra penthouse sold for $16 million

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One of South Yarra's largest apartment developments will proceed to construction with Hickory Group announcing it is the builder of choice for Yarra One.

Eco World International's sole Melbourne project will proceed immediately to construction as demolition across the site wraps up. Hickory Group will build the 27 storey apartment tower, which includes 256 apartments set over 37,000 plus square metres of built form.

The move to construction follows a development process which saw Eco World International acquire the project from fellow Malaysian-based developer Salcon Development.

Alongside the apartments, Hickory Group will also deliver amenities within the tower which include a library, dining room, gym, wellness retreat and wine room. The project's main publicly accessible feature is a large multi-purpose atrium/ arbour, which has become somewhat of a design showpiece across various Fender Katsalidis-designed projects.

<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/image6_21.jpg" rel="gallery-all" title="Yarra One's atrium which includes a pedestrian link to Daly Street. Image: Hickory Group "><img alt="" class="image-article-full-width-580px" height="300" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image6_21.jpg?itok=Vy_eqpGK" title="Yarra One's atrium which includes a pedestrian link to Daly Street. Image: Hickory Group " width="580"></a>

<figcaption>Yarra One's atrium which includes a pedestrian link to Daly Street. Image: Hickory Group</figcaption></figure>Yarra One's 52 one bedroom, 158 two bedroom, 42 three bedroom apartments and four Penthouse apartments are scheduled to be completed by July 2020 following a 25-month construction timeline.

Hickory Group's South Yarra success adds to three additional builds which have yet to break ground. Chadstone's MGallery by Sofitel and Queens Road's Victoriana apartment project have recently been awarded to Hickory Group, whilst the builder will shortly begin works on a Southbank office complex which it will part occupy upon completion.

Urban.com.au recently <a href="/news/hickory-appointed-to-build-chadstones-mgallery-by-sofitel-hotel">covered the appointment of Hickory Group</a> to the Chadstone development. Hickory will incorporate large prefabricated elements such as stairs and walls in order to deliver the 250 hotel rooms over little more than a year from now.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image7_21.jpg" rel="gallery-all" title="Victoriana on Queens Road. Image: JD Group"><img alt="" class="image-article-full-width-580px" height="293" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image7_21.jpg?itok=hkycqfI4" title="Victoriana on Queens Road. Image: JD Group" width="580"></a>

<figcaption>Victoriana on Queens Road. Image: JD Group</figcaption></figure>Also set to start this year is JD Group's Victoriana luxury apartment development. Victoriana will include 250 oversized 2, 3, and 4 bedroom apartments over 18 levels, and multiple pools over the building's upper levels.

The Rothelowman-designed project requires that Hickory Group deliver 41,000 plus square metres of built form on a double site overlooking Albert Park. December 2020 is the anticipated completion date.

The last of Hickory Group's quartet of projects which have yet to break ground is perhaps the most interesting. The builder will relocate to a purpose-built office development at 68 Clarke Street upon its completion which is slated for the third quarter of 2019.

The Elenberg Fraser-designed office building "takes on new design thinking for a more people-centered approach; reinventing the way we work".

That translates to features such as a targeted 5 star NABERS rating, novel thermal control solutions, a heavily greened facade, green internal atrium and greenhouses/edible gardens across multiple terraces.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image5_16.jpg" rel="gallery-all" title="68 Clarke Street. Image: Hickory Group"><img alt="" class="image-article-full-width-580px" height="389" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image5_16.jpg?itok=XDt9gFiP" title="68 Clarke Street. Image: Hickory Group" width="580"></a>

<figcaption>68 Clarke Street. Image: Hickory Group</figcaption></figure>The arrival of Hickory Group's latest quartet of projects comes on the tail end of a number of builds that are nearing completion. Opera Melbourne, Atira La Trobe Street and the adjacent Conservatory apartment tower are structurally complete, with completion for all three projects imminent.
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Yarra One adds to Hickory Group's plump workbook

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Media and entertainment giant Village Roadshow will be moving from its headquarters at the Jam Factory on South Yarra’s Chapel Street to nearby Wilson Street.
Fitzroys agents James Lockwood and James Spencer, negotiated the deal at $140,000 per annum net for the 500 sqm first floor space at 60 Wilson Street in South Yarra.
The self-contained office consists of a part-partitioned and part open-plan layout.
The triple-fronted site benefits from three on-site parking spaces and surrounding tenants.
Lockwood and Spencer said the strong leasing outcome was attributed to the quality of the offering and the lack of well-located office stock in South Yarra.
“We are seeing office tenants now seeking more than just good working space."
"They are looking for surrounding amenity such as dining, shopping and recreational options,” Spencer said.
“The property’s proximity to Chapel Street, Jam Factory and Botanic Gardens assisted in the uptake of this space by a premium tenant in Village Roadshow,” Spencer said.
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Village Roadshow relocates headquarters in South Yarra

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<div class="cq-article-content-paras section">
Veteran South Yarra developer Michael Yates has sold his last remaining site in South Yarra.
<a href="https://www.realcommercial.com.au/property-land+development-vic-south+yarra-502792806" target="_blank">The 55 Claremont Street offering</a> was bought pre-auction by a local developer for $8.6 million.
It sold in 2014 at $6.188 million with extended settlement terms.
The 50 plus year veteran, who turned 74 this week, says he's not leaving development, but he has sub-leased his office.
The auction had been delayed twice due to disputes between Yates, his financiers and a buyer of an off-the-plan apartment in the permitted scheme who wished to proceed with their off the plan purchase. 
The site has approval for a 15-storey tower with 37 apartments. 
CBRE marketed the property in conjunction with Gorman Commercial's Jonathon McCormack and Stephen Gorman.
</div>
<div class="cq-article-content-paras section">
<div id="article-inline-ad" class="adWrapper">Yates pulled the permitted residential project last year after selling only 20 of the penthouse-style apartments.</div>
<div class="adWrapper"> </div>
<div class="adWrapper">He then offered it as an amalgamated, 969-square-metre site, with the neighbouring property owned by cleaning company AES Services boss George Haritos, but it failed to sell. </div>
</div>
<div class="cq-article-content-paras section">
"It was a problem child," Mr Yates told the Australian Financial Review last week of his decision to put it back on the market as a single site. "I've never had to pull a project on the market in 57 years."
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jchancellor-FAypfDUnLy

Michael Yates finally secures onsale of 55 Claremont Street, South Yarra

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Having sold his Flinders and Toorak abodes for suburb and state records, billionaire Daniel Besen has now secured his new abode.

He's quietly spent $19 million in South Yarra, on Two Birches.

He's bought the 1920s home of Ski Club Victoria board director Miranda Lansell and businessman husband Jeremy.

They had paid $2,805,000 in 2002 for the home designed by Leslie M. Perrot, the architect who also designed the former Australia Hotel in Collins Street. 

[smartcode_project:default project_id=600]

The Marne Street home that sits on 885 sqm and has four bedrooms and three bathrooms.

Daniel Besen, of the billionaire Besen retail family, scored two big money sales when he and his estranged wife Danielle sold their Flinders and Toorak projects.

The Toorak mansion fetched a then state record $26.25 million when bought by Phil Dreaver, the managing director at Netflow.

[smartcode_project:default project_id=3494]

Miramar at Flinders followed, fetching $17 million when bought by former Good Guys whitegoods boss Andrew Muir. 

Peninsula Sotheby's agent Rob Curtain sold the Flinders property, and then apparently brokered the recent off-market South Yarra deal.

Wavendon, at 100 Walsh Street, South Yarra, held the record selling in 2016 for $18 million.

 
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Daniel Besen buys South Yarra trophy home, Two Birches

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EcoWorld is making its environmental footprint on the Australian property market with the announcement that Yarra One residents will have access to Tesla vehicles.
It will be part of what is billed as a Victorian first, sustainable car-sharing model.
Located in South Yarra, a suburb that boasts a walk score of 92, Yarra One will be a 4-star green building.
The introduction of Tesla vehicles adds another layer of sustainability and future-proofing the building.
EcoWorld's Cliff Tan said car-sharing service is growing rapidly in popularity and the decision to purchase electric cars was one that is inline with the brands core values.
“EcoWorld adopts an environmentally-responsible approach in all of its project so it was important that we future-proofed Yarra One, particularly as more and more individuals turn towards electric vehicles and opt for car-sharing,” he said.
According to a UBS global autos survey, one in six new cars in the world will be electric by 2025, with predictions that by the middle of the next decade, global sales of electric vehicles should hit 16.5 million.
As well as Tesla cars being available for residents to use, residents will also have the option to include a charging point within their designated car space, as a means of future proofing the building.
Residents will be able to book the Teslas through the body corporate.
Melbourne’s inner suburbs have the lowest car ownership levels in the state with  7,470 Stonnington dwellings  reporting no vehicle ownership, with over 51% of Stonnington residents living in a flat or apartment.
“South Yarra is the sixth most walkable city in the state, with residents having access to everything they need right on their doorstep, so a car isn’t needed for daily errands.
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EcoWorld introduces Tesla car-sharing for Yarra One Development

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The new owners of 627 Chapel Street South Yarra, Goldfields, are progressing with plans for a 24-storey commercial building on the site, after previous owners' Fridcorp's plans to develop an Elenberg Fraser-designed residential tower were quashed at VCAT.

<a href="/news/street-to-stalk-627-chapel-street-walks-the-walk">First covered on Urban.com.au in 2016</a>, the 37-storey residential tower was proposed to rise to a height of 127.5m (including roof plant) and provide space for cafes, offices and 372 apartments.

Goldfields, who acquired the site in December 2017, have since engaged COX Architecture to design the 89m building, which would replace the existing office building of 5,600 sqm and provide the City of Stonnington with a benchmark commercial office development.

The brief that Goldfields gave to their consultant team was concise; 

<blockquote>
We wanted to respond positively and sympathetically to the reasons why Stonnington and the tribunal members at VCAT had rejected the previous proposal.

We identified the site's commercial and retail capabilities and ultimately realised we had a unique opportunity to deliver a building that could realistically be classified as the best office building outside the Melbourne CBD.

Together we then set the team a challenge to create a beautifully designed building that will encourage interaction with the streetscape at pedestrian level whilst still looking, feeling and functioning like a premium grade office building.

- Lachlan Thompson, Goldfields COO
</blockquote>

Speaking with COX Architecture, the design team made it clear that flexible commercial office accommodation above a strong active street edge was paramount in delivering a building which would not only add to the streetscape but also provide the Forrest Hill precinct with the diversity of programme expected. 

In attempting to achieve as much active frontage as possible, COX employed a different approach to where an entry lobby would typically be located. Instead of locating it along the Chapel Street frontage, the design team located the entry lobby off Daly Street, freeing up Chapel Street with more active and engaging uses for pedestrians meandering along the busy high street.

This also gives the building greater prominence as a "gateway site" linking back to South Yarra Station and improving the permeability of the surrounding street network.

This first 12m of street wall, emphasises COX, was one of the most critical aspirations for the project in how it responded to and enriched the pedestrian environment. This resulted in what the team termed a "3D ground plaza" whereby the end-of-trip facilities were elevated to level 1 alongside further retail opportunities, extending the activity from the street vertically not just horizontally to the street. 

Moving up, the design of the tower responds to Goldfield Group's brief for a pure office building that responds and challenges to the nature of workplace design, creating an office environment based on the ideas of amenity and lifestyle.

The office tower employs a side core configuration providing an ideal floor plate for tenants that allows them flexibility in how they fit-out and occupy the space(s).

To reduce the mass of the tower, the architects have provided the form with strong vertically articulated breaks across its height, complemented by vertical glazed fins which provide solar shading not too dissimilar to COX's Conservatory project in the CBD. 

This is further supported by landscaping voids which not only provide the built form with further articulation but extend the arbour screen from the ground up the building.

According to the design team, these "breaks" provide dynamic spaces which make a positive contribution of the amenity of the workplace, allowing workers to better connect with nature.

<blockquote>
The design proposal for 627 Chapel Street takes the opportunity to make the most of this unique island site in Forrest Hill.

A 3m setback pushes the building back from Chapel Street, this allows for greater public space at street level and ensures that the Capitol remains visible on approach. The podium is defined by the green landscaped arbor - a permeable screen that wraps the building and connects through to the Daly Street landscaped street.

Each elevation has been split by a vertical break, providing a series of slender volumes, breaking down the building mass. Further interest on the facade is generated through the implementation of fins for solar shading (East, North and West facades).

Terraced gardens provide natural setbacks at 50m and towards the top of the building a series of roof terraces and a green roof that provide new workplace amenity.

- COX Architecture Design Response
</blockquote>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/27_-_hero_chapel_and_daly.jpg" rel="gallery-all" title="627 Chapel Street in-situ. Planning Image: COX Architecture"><img alt="" class="image-article-full-width-580px" height="692" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/27_-_hero_chapel_and_daly.jpg?itok=NPPiv8Ti" title="627 Chapel Street in-situ. Planning Image: COX Architecture" width="580"></a>

<figcaption>627 Chapel Street in-situ. Planning Image: COX Architecture</figcaption></figure>Alongside end-of-trip facilities which provide above and beyond the number of bikes required under local policy, the 1,510 square metre island site benefits from its close proximity to South Yarra Station and tram corridors along Chapel Street and Toorak Road.

This is not dissimilar to other emerging commercial precincts in Cremorne, Collingwood and Richmond which benefit from strong public transport links and good walkability.
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Laurence Dragomir

Goldfields and COX reboot 627 Chapel Street

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A South Yarra apartment has been sold for $315,000 by mortgagees after spending over a year on the market.
The one bedroom apartment in a 2012 block was leased for $389 per week in 2016.
It last traded for $434,000 in 2012.  
Lan Williams and Steven Lee from Dixon Kestles secured the sale.
<a href="https://www.realestate.com.au/sold/property-apartment-vic-south+yarra-128088158" target="_blank">The 1601/50 Claremont Street</a> apartment features the modern kitchen, secure entrance, swimming pool, gym and comom area facilities. 
Located in Inner Melbourne, it is close to schools, shops and transport.
The suburb's median unit price sits on $577,000, according to CoreLogic. 
 
 
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South Yarra one bedroom apartment sold by mortgagee

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A prime retail investment in the heart of South Yarra will be auctioned May 31.
Located at 63 Toorak Road, a short distance from Punt Road, the property comprises a 51 square metre single level retail building.
It is currently let to a body clinic, which has partitioned three treatment rooms and rear wet areas.
It is zoned Activity Centre 1, which aims to encourage a mixture of uses.
Teska Carson’s Richard Munday and Michael Taylor said the property will be sold subject to a short-term lease with current income of $43,263 per annum plus GST. 
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Retail listing on Toorak Road, South Yarra

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A new Chapel Street, South Yarra development has been completed, just over two years since construction started.
661 Chapel St is the first Australian project of Malaysian-based developed Gamuda Land and was completed ahead of schedule. Settlements are set to occur in May 2018.
<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/2018/5/25/2b369aa3a2ea4c529adf81a8eb014801.jpg" alt="">
Consisting of 116 apartments over 30 floors, the Bird de le Coeur designed development is close Melbourne High School and the Yarra River.
The hotel style development also has a library, BBQ area, 25 metre lap pool, private cinema, dining rooms and board room, as well as a wine cellar.
<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/2018/5/25/f746b8e3b3f641898dab56c5caafbd9a.jpg" alt="">
661 Chapel St’s project director Aw Sei Cheh said the development was inspired by town making principles and the location was a major selling point for local and interstate buyers.
“We have had strong sales for this project, and strong inter-state sales too – with 15% of purchasers coming from NSW,” he said.
“Sydney-siders are attracted to Chapel Street’s legendary status as Melbourne’s premier shopping street, the locality to greenery such as the Yarra river and Royal Botanical Gardens, and its proximity to Melbourne CBD and other landmarks such as the MCG.”
<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/2018/5/25/fd2087db2eaa4a949463c8be7faf5571.jpg" alt="">
The Urban Developer recently reported that sales for the project are at approximately 70%.
Prices for the apartments start at $546,000 for a one bedroom, and go up to $2.7 million for a three bedroom.
There is an unsold $22 million penthouse shell which will be customised to the purchaser’s brief by celebrity interior designer David Hicks who has undertaken some preliminary (pictured) designs.
<div>
<div>It is a 729 sqm residence over three levels, likely to include three bedrooms, five bathrooms, sauna, steam and shower room, gym and yoga room, cinema, study and wine cellar.</div>
<div> </div>
<div>The 729 sqm space includes 93 sqm of balcony space and 82 sqm of rooftop.</div>
</div>
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