<a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> has lodged plans for a $750 million, three-tower mixed-use precinct that would complete the long-running redevelopment of Carlton's former Carlton United Breweries site.

The proposal at <a href="https://www.apartments.com.au/new-apartments/185-195-queensberry-street-carlton-vic-3053">46-78 Bouverie Street and 185-195 Queensberry Street</a> spans a 6,468 sqm site, the last remaining undeveloped parcels within the former brewery's 2007 masterplan.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the development will comprise two purpose-built student accommodation towers and a third build-to-sell apartment tower above a shared commercial podium and basement.

Across the three towers, SP Setia is proposing 606 build-to-sell apartments and 1,499 student accommodation units containing 2,009 beds.

The apartments will sit in the tallest tower, which will rise nearly 200m and 55 storeys. It will become&nbsp;one of the more substantial new build-to-sell apartment projects at the northern edge of Melbourne's CBD.

The apartment mix is weighted toward smaller inner-city product, with 188 studios, 206 one-bedroom apartments, 192 two-bedroom apartments and 20 three-bedroom apartments

<img alt="First look: SP Setia plans three-tower finale for Carlton’s former CUB precinct" data-entity-type="file" data-entity-uuid="8271bc87-1b0a-41b7-ac73-a425ee375261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3_2.png?VersionId=G4lw23o90B1boX4k4dj7rdz2ZEajS9wy" />

Part of the precinct will be a large-scale&nbsp;3,684 sqm supermarket and a further 2,198 sqm of speciality retail, creating close to 5,900 sqm of new commercial space within the precinct.

But one of the biggest components of the proposal is what sits between the buildings.

Around 4,650 sqm, or roughly 72 per cent of the site, will be publicly accessible open space, incorporating plazas, pedestrian connections, landscaped laneways and retail spill-out areas.

The ground plane is intended to finally complete pedestrian connections envisaged when the CUB masterplan was first approved nearly two decades ago, stitching together Victoria Street, Queensberry Street, Bouverie Street and Swanston Street through the former brewery precinct.

Urbis said the development would "complete the CUB precinct", with the public realm providing important north-south and east-west connections through what is currently the final undeveloped portion of the masterplanned site.

SP Setia is also exploring a new linear park within the Bouverie Street road reserve, with the concept to be developed further with the City of Melbourne through the planning process.

The proposal is being pursued through the Victorian Government's Development Facilitation Program under Clause 53.23 for significant residential development with affordable housing.

The planning report acknowledges the proposed heights exceed those contemplated under the original Comprehensive Development Plan and masterplan, but argues the built-form context has changed considerably over the past two decades.

Urbis said the three towers would instead create a stepped transition between Carlton and the Hoddle Grid, rising progressively from the 94.1-metre Tower One along the Queensberry Street edge to the 199.44-metre Tower Three closer to the established CBD-scale buildings to the south.

<img alt="SP Setia" data-entity-type="file" data-entity-uuid="e885a07a-592c-40fc-bf82-e6dbaf32da54" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.52.24%E2%80%AFAM.png?VersionId=7s_ErUkSKAdY1mAWp3GRZgMNCGtwhk5m" />

SP Setia plans to deliver the development across three stages.

Stage One would deliver the basement, podium and retail areas for the entire precinct alongside the first student tower. Tower Two would follow in Stage Two, before the 606-apartment Tower Three is delivered as the final stage.

If approved and delivered, the project would close out a redevelopment process that has been underway since the former brewery masterplan was approved in 2007, adding more than 2,600 student beds and apartments to a precinct already home to Swanston Central, the Barak Building, RMIT Design Hub and several large student accommodation developments.

&nbsp;

&nbsp;

Joel Robinson

SP Setia plans three-tower finale for Carlton’s former CUB precinct

Melbourne developer Lowe Living is seeking to add to its growing bayside apartment pipeline, filing plans for a boutique eight-residence development in tightly held Middle Park.

Lowe Living, which has built much of its development portfolio across Melbourne's affluent bayside and south-east suburbs, is behind the plans for the 730 sqm site at <a href="https://www.apartments.com.au/new-apartments/123-125-erskine-street-middle-park-vic-3206">123-125 Erskine Street</a>, just off Armstrong Street and within the Armstrong Street Neighbourhood Activity Centre.

The developer is seeking approval for a five-storey residential building above two basement levels, with just eight large-format apartments and 18 car spaces.

“This is a deliberately very different proposition for us,"&nbsp;Tim Lowe, Co-Founder of Lowe Living, said.

"Eight residences is exceptionally boutique, but that's precisely what this site calls for.

“There is a strong community in Middle Park and the surrounding suburbs who have spent decades building a life here. They no longer want the maintenance of a large period home, but they aren't prepared to compromise on space, quality or location. We think there is a real opportunity to capture that hyper local market. A site like this rarely comes to market.”

<img alt="Lowe " data-entity-type="file" data-entity-uuid="875fe572-0f14-4d90-9e11-55b28dd07731" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.42.49%E2%80%AFAM.png?VersionId=GDNQRv9BfpR9r1zkZ5UDyUM4ZvpIksut" />

The low-density proposal has been designed by Cera Stribley and is being progressed through the Victorian Government's Great Design Fast Track pathway, having already secured eligibility from the Minister for Planning.

The Office of the Victorian Government Architect supported its eligibility after finding the proposal demonstrated consistency with the program's seven design principles, while the project's financial feasibility has also been independently confirmed by Invest Victoria.

The project is targeting the downsizer market, with the planning documents describing the homes as larger-format residences and noting the two penthouses could otherwise have been configured as four separate apartments.

<img alt="Lowe 2" data-entity-type="file" data-entity-uuid="60ab0987-2da6-4175-adac-315dcf6053c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.15%E2%80%AFAM.png?VersionId=bOCPH0B2MFwlmaRW.TTCF9TzyifgVoQI" />

The site has dual frontage to Erskine Street and Canterbury Place and currently comprises a collection of commercial buildings used as offices, including a former heritage bakehouse, a former stable, a later gabled addition and a central courtyard.

It sits within the Commercial 1 Zone and the Armstrong Street Commercial Precinct heritage overlay, with the existing property classified as a contributory heritage place.

Heritage has subsequently played a significant role in Cera Stribley's design.

The front section of the former bakehouse facing Erskine Street will be retained, including its return walls, street-facing hipped roof and chimneys, while the Erskine Street façade and part of the western return wall of the former stable will also be incorporated into the new development.

Levels four and five will be set back five metres from the retained stable façade, while bricks removed through demolition are proposed to be salvaged and reused within the new building where possible.

<img alt="Lowe 3" data-entity-type="file" data-entity-uuid="e97927a9-a2de-4a0f-83b6-65451238abfa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.06%E2%80%AFAM.png?VersionId=VR44AChLrX9q1XPB9GvVQV.ALXXbe4gC" />

Rather than presenting as a single five-storey building to Erskine Street, Cera Stribley has broken the development into a series of distinct forms.

A three-storey infill element will sit between the retained bakehouse and stable façades, with the upper levels recessed behind the heritage fabric. Canterbury Place will similarly feature two three-storey podium forms, separated by a central pedestrian accessway, before the upper two levels step back from the street.

A pedestrian through-link will run through the centre of the project between Erskine Street and Canterbury Place, creating entrances from both sides of the site and introducing landscaping and communal areas through the ground plane.

Landscape architect Acre has designed planting across the ground level, private terraces and upper levels, including a feature canopy tree at level three and integrated planting and arbours across the level four terraces. Five existing Erskine Street trees are proposed to be retained.

Sustainability is also a significant component of the Great Design Fast Track application. The apartments are targeting an average eight-star NatHERS rating, with no residence below 6.5 stars, while the project has achieved a 75 per cent BESS score. Seven of the eight apartments are designed for cross-ventilation, with the remaining residence using mechanically assisted natural ventilation.

The plans also incorporate an 8kWp rooftop solar system, a 5,000-litre rainwater tank and infrastructure allowing future electric vehicle charging for every residence.

Lowe has a strong portfolio across Melbourne's blue-chip suburbs. They recently launched <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House by Lowe Living</a> in Camberwell, their first development in the Stonnington LGA.

Lowe Living unveils Middle Park apartment development

Article summary

<ul data-end="888" data-start="289">
	<li data-end="442" data-section-id="8tsh6o" data-start="289">DVB Projects is preparing to launch its second Gold Coast apartment development, with demolition now underway at 137 Old Burleigh Road, Broadbeach.</li>
	<li data-end="573" data-section-id="1nyxl3e" data-start="443">The 34-level tower will comprise just 49 ultra-luxury residences, including half-floor, full-floor and penthouse apartments.</li>
	<li data-end="717" data-section-id="oiyimj" data-start="574">The launch follows strong demand at DVB's nearby Sea Glass project, which is more than 50 per cent sold and currently under construction.</li>
	<li data-end="888" data-section-id="epk9o9" data-start="718">The development adds to the transformation of Old Burleigh Road, with premium beachfront apartment projects continuing to reshape the tightly held Broadbeach strip.</li>
</ul>

<a href="https://www.apartments.com.au/developers/dvb-projects">DVB Projects</a> is preparing to launch its second Gold Coast apartment development, with demolition now underway on the Broadbeach site as the Sydney developer moves closer to bringing the ultra-luxury project to market.

The 34-level tower at <a href="https://www.apartments.com.au/new-apartments/137-old-burleigh-road-broadbeach-qld-4218">137 Old Burleigh Road</a> will comprise just 49 residences, ranging from half-floor apartments through to full-floor homes and a penthouse. The launch follows the strong sales performance of DVB's nearby Sea Glass development. More than half of the apartments at Sea Glass, on the other side of Broadbeach, have been snapped up, well ahead of its late 2027 completion

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="2944b4be-c84e-4b54-8dc1-c712e76704c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E02_Exterior_Street%20Level%20Entrance.jpg?VersionId=YoNig7pRdrE3HCue7sUj78LzJteeQf3H" />

The start of demolition at 137 Old Burleigh Road signals DVB Projects’ underlying confidence in the Gold Coast’s luxury beachside apartment sector.

“We see the Gold Coast as one of the most compelling lifestyle markets in Australia, particularly at the premium end where demand continues to deepen,” said Dean Brown, Managing Director of DVB.&nbsp;

“This project has been carefully designed to respond to that demand - delivering large-format residences with a level of quality, privacy and amenity that is still relatively rare in the apartment market on the beachside."

Brown says the site itself is "exceptional."

"Old Burleigh Road is one of the most tightly held beachfront strips, and opportunities to deliver a project of this scale and calibre in this location are extremely limited.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="398f377a-c037-455e-9250-0c5e0d84c35b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/I12_FF%20Balcony.jpg?VersionId=NwOiRWGMubR1c8wthuEfggklcja7al9." />

The project will comprise 40 half-floor residences of approximately 260 sqm, alongside eight full-floor residences spanning around 524 sqm.

A single penthouse will crown the building, featuring a private pool, barbecue area, indoor gym and dedicated entertaining spaces.

Residents will have access to a resort-style suite of amenities, including a 20-metre pool with daybeds, a gymnasium, hot and cold plunge pools, a sauna, and private residents’ lounge and dining facilities.

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="d1642bb0-9a66-4427-a022-dfc0988c6287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A02_Pool%20to%20View.jpg?VersionId=c0IXPyn_Gp_Kn3XCwzMrqIVkAdCEwVXP" />

Sales agent Todd Matheson, of <a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a>, which is marketing both 137 Old Burleigh Road and Sea Glass, said 137 Old Burleigh Road would address a clear gap in the market for genuine luxury products.

“There are very few opportunities on the Gold Coast where buyers can secure a residence of this size and quality in a new building,” Matheson said.

“What we’re seeing is a growing cohort of downsizers and interstate buyers who still want space - they’re not willing to compromise on living area, entertaining or finishes.

“This project has been designed with that buyer in mind. It offers the scale of a home, combined with the convenience and security of apartment living, in one of the coast’s most desirable positions.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="59aae0ca-5639-4320-8aca-d0bf60f48e43" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E01_Exterior%20Hero.jpg?VersionId=DS8Zfy2WtgUEtdfe0TEUuf1W1GfcZq8S" />

Located on a 1,156 sqm site one block from the beachfront, the development will replace an ageing walk-up building and is expected to contribute to the ongoing transformation of the Old Burleigh Road strip into one of the Gold Coast’s most prestigious residential corridors.

With the development moving into the delivery phase, 137 Old Burleigh Road is slated to hit the market later this year.

[smartcode_project_cta:default project_id=145141]

DVB Projects to launch second Broadbeach apartment tower as demolition commences

<a data-end="327" data-is-only-node="" data-start="250" href="https://www.apartments.com.au/developers/norus-projects" rel="noopener" target="_new">Norus Developments</a> has lodged plans for a new apartment development in Clayton that would add further momentum to the suburb's emerging Green Street corridor.

Plans have been lodged for the consolidated site at <a href="https://www.apartments.com.au/new-apartments/1359-1365-centre-road-clayton-vic-3168">1359-1365 Centre Road</a>, where Norus is seeking approval for 218 apartments across a 12-storey apartment building designed by <a href="https://www.apartments.com.au/architects/life-architecture-and-urban-design">Life Architecture</a>.

The proposal sits within the Clayton Major Activity Centre at the threshold of the planned Green Street corridor, a landscaped pedestrian connection intended to improve links through the precinct towards Clayton Railway Station.

The development would replace the site's existing collection of low-scale residential and commercial buildings with a single consolidated building, introducing significantly greater housing density to this part of Centre Road.

A retail tenancy is proposed at ground level to activate the Centre Road frontage, accompanied by transparent street interfaces and landscaping intended to create a more pedestrian-focused edge to the development.

<img alt="First look: Norus Developments plans landscape-led apartment project for Clayton’s emerging Green Street" data-entity-type="file" data-entity-uuid="0a5a763a-d9e9-4253-af2f-88008de27ebf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Clayton%20a.png?VersionId=S2WJJbat1XVkZwB9SnYtygirXgWHiklX" />

The building has been designed with stepped massing and upper-level setbacks to manage its transition towards surrounding residential properties. The planning report describes the approach as one that integrates the building into the landscape rather than treating landscaping as a secondary element.

"A strong landscape and public realm strategy underpins the proposal," Urbis states in the planning report.

"Public benefits include an affordable housing contribution, a new pocket park, generous landscaped setbacks, deep soil planting and integrated Water Sensitive Urban Design."

The report adds that these elements are intended to create "a permeable, pedestrian-focused ground plane that enhances walkability, supports urban cooling and reinforces the emerging Green Street character."

Biophilic and passive design principles extend through the residential levels, with planting, daylight, natural ventilation and views towards landscaped areas forming part of the amenity strategy.

Parking would be concentrated away from the public realm, with 145 car spaces proposed from the rear laneway rather than dominating the Centre Road frontage.

The proposal follows an extensive pre-application process with the City of Monash. Three formal meetings were held between the project team and Council from December 2025 to March 2026, with the scheme evolving through several concept iterations before the current design was lodged.

The project arrives as Clayton prepares for substantial change around its established activity centre and the wider Suburban Rail Loop precinct. Its position on Centre Road places the development within an existing concentration of shops, services and public transport, while the Green Street connection is intended to strengthen pedestrian access towards Clayton Railway Station.

First look: Norus plans landscape-led apartment project for Clayton’s emerging Green Street

<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a> has officially commenced construction on Bronze on Chevron, celebrating the sod turning of its first-ever Gold Coast development and marking a significant milestone in the company's continued expansion across South East Queensland.&nbsp;

Following the successful delivery of premium residential developments throughout Brisbane and the Sunshine Coast, <a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-chevron-island-qld-4217">Bronze on Chevron</a> represents Gardner Vaughan Group's entry into the Gold Coast market. Bronze will deliver 119 one, two, three and four-bedroom apartments above two ground-level retail tenancies.

[smartcode_project:default project_id=107520 project_image_fid=367193]

The recent sod turning ceremony was attended by Deputy Mayor Mark Hammel, President of the Surfers Paradise Surf Life Saving Club, Cassandra Sedgman, project consultants, purchasers, project partners and invited guests to celebrate the commencement of construction.&nbsp;

Gardner Vaughan Group Chief Executive Officer Simon Betteridge said Bronze on Chevron represented an exciting new chapter for the business.&nbsp;

"We've spent almost four decades building homes that respond to the way people want to live, and we're excited to bring that experience to <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>," Betteridge said.

"Bronze on Chevron is particularly significant because it marks Gardner Vaughan Group's first development on the Gold Coast following many successful projects across Brisbane and the Sunshine Coast."

[smartcode_project:default project_id=107520 project_image_fid=367183]

Betteridge said the ground breaking is a proud moment for the&nbsp;team and their purchasers, who can now see their future homes beginning to take shape.&nbsp;

"As both developer and builder, we're able to oversee every aspect of the project from design through to construction, ensuring the quality and attention to detail Gardner Vaughan Group has become renowned for."&nbsp;

Designed by acclaimed architectural practice <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, Bronze on Chevron has been thoughtfully designed to complement Chevron Island's evolving streetscape while embracing its relaxed coastal lifestyle.

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029.&nbsp;

[smartcode_project_cta:default project_id=107520]

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029

Gardner Vaughan Group breaks ground on first Gold Coast development, Bronze on Chevron

Southbank

<html><body>
It was announced by the Premier and Planning Minister this morning that <a href="/new-apartments/one-queensbridge-street-1-23-queensbridge-street-southbank">One Queensbridge Street, Southbank</a> - previously known as Queensbridge Tower - has been approved.

A media release distributed this morning confirmed the project will maintain 388 hotel suites and 708 residential apartments across its 90 floors.

<blockquote>
The Government has also taken steps to ensure Crown Melbourne and the Schiavello Group give back to the state, with a $100 million community benefits package, including:

<ul>
<li>A $25 million upgrade to Queensbridge Square, including landscaping and two new cafes</li>
	<li>A further $15 million for the Sandbridge Rail Bridge</li>
	<li>Landscaping and public realm improvements on Southbank Boulevard, including a new bike strip</li>
	<li>Street furniture and additional trees along Queensbridge Street, and better connectivity with Freshwater Place</li>
</ul>
<cite><a href="http://www.premier.vic.gov.au/4000-jobs-created-in-a-boost-for-victoria/">Victorian Government media release</a>, 9/2/2017</cite>
</blockquote>

3,000 direct and indirect jobs are anticipated during the construction phase and once complete a further 1,000 operational jobs are expected to be created.

<h2>The pecking order</h2>

We've come a long way since Rialto ruled over Melbourne's skyline.

<table border="1" cellpadding="1" cellspacing="1" style="width:100%;">
<thead><tr>
<th scope="col">Project / Building</th>
			<th scope="col">Height (metres)</th>
			<th scope="col">Status</th>
		</tr></thead>
<tbody>
<tr>
<td><a href="/new-apartments/one-queensbridge-street-1-23-queensbridge-street-southbank">One Queensbridge Street</a></td>
			<td>323</td>
			<td>Approved</td>
		</tr>
<tr>
<td><a href="/buildings/australia-108-southbank-70-southbank-boulevard-southbank">Australia 108</a></td>
			<td>319</td>
			<td>Under Construction</td>
		</tr>
<tr>
<td><a href="https://en.wikipedia.org/wiki/Eureka_Tower">Eureka Tower</a></td>
			<td>297</td>
			<td>Built</td>
		</tr>
<tr>
<td><a href="/new-apartments/38-freshwater-place-southbank">38 Freshwater Place</a></td>
			<td>272</td>
			<td>Planning Assessment</td>
		</tr>
<tr>
<td><a href="/buildings/west-side-place-melbourne-250-spencer-street-melbourne-vic-3000">West Side Place Tower 1</a></td>
			<td>270</td>
			<td>Registration and Sales</td>
		</tr>
<tr>
<td><a href="/buildings/aurora-melbourne-central-224-la-trobe-street-melbourne">Aurora Melbourne Central</a></td>
			<td>267</td>
			<td>Under Construction</td>
		</tr>
<tr>
<td><a href="https://en.wikipedia.org/wiki/120_Collins_Street">120 Collins Street</a></td>
			<td>265 (spire height)</td>
			<td>Built</td>
		</tr>
<tr>
<td><a href="https://en.wikipedia.org/wiki/101_Collins_Street">101 Collins Street</a></td>
			<td>260 (spire height)</td>
			<td>Built</td>
		</tr>
<tr>
<td><a href="/buildings/sapphire-by-the-gardens-63-la-trobe-street-melbourne-vic-3000">308 Exhibition Street Tower 1</a></td>
			<td>254</td>
			<td>Planning Assessment</td>
		</tr>
<tr>
<td><a href="/buildings/sapphire-by-the-gardens-63-la-trobe-street-melbourne-vic-3000">308 Exhibition Street Tower 2</a></td>
			<td>254</td>
			<td>Planning Assessment</td>
		</tr>
<tr>
<td><a href="https://en.wikipedia.org/wiki/Bourke_Place">Bourke Place</a></td>
			<td>254 (antenna height)</td>
			<td>Built</td>
		</tr>
<tr>
<td><a href="https://en.wikipedia.org/wiki/Prima_Pearl">Prima Pearl</a></td>
			<td>254</td>
			<td>Built</td>
		</tr>
<tr>
<td><a href="https://en.wikipedia.org/wiki/Rialto_Towers">Rialto Towers</a></td>
			<td>251</td>
			<td>Built</td>
		</tr>
</tbody>
</table>
* heights rounded to nearest metre.
</body></html>

Alastair Taylor

One Queensbridge Street approved

<html><body>
The Southbank, Melbourne apartment of Lin Tan, who heads up Rubberduck Café in Malaysia, has been listed for sale.
It is on <a href="https://www.corerealty.com.au/3418499/" target="_blank">level 26 in the Triptych building</a> on Kavanagh Street. She paid $1.95 million for the apartment in 2010.
There are three bedrooms, two with built-in storage and the master with a full ensuite.
There is a large open-plan living room with a stone-topped Miele kitchen and butler’s pantry.
Floor-to-ceiling windows capture views over the Botanic Gardens and communal facilities include an indoor lap pool, rooftop garden and concierge service.
The property is listed with Corene Chan of Core Realty with $2.5 million hopes.
</body></html>

firstname1-iYD4UYzvBa

Rubberduck Café's Lin Tan lists in Southbank

<html><body>
Having heard of the importance of street setbacks and tower separation over the previous two years as part of the Government's push for better tower design outcomes, somewhat of a built form quirk is emerging on Southbank's Coventry Street.

Should the recently submitted 31 Coventry Street gain approval, it would allow four towers to be built wall to wall, with the quartet each spanning approximately 20 levels. With no street or tower setbacks involved, the result would be a solid build form that stretches roughly 90 metres on the horizontal plane.

This seems to fly in the face of what has been drummed into all and sundry in recent years. But of course it's not a black and white matter when considering equitable development opportunities, discretionary design controls which veil the site/surrounds and existing built form precedents.

It could be argued that having this solid wall of towers is a poor design outcome, yet at the same time why should 31 Coventry Street be treated any differently than the towers which have been approved before it over recent times.

<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/image3cov.jpg" rel="gallery-all" title="Elenberg Fraser's initial renders for 31 Coventry Street"><img alt="" class="image-article-full-width-580px" height="299" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image3cov.jpg?itok=JDFhyyRZ" title="Elenberg Fraser's initial renders for 31 Coventry Street" width="580"></a>

<figcaption>Elenberg Fraser's initial renders for 31 Coventry Street</figcaption></figure>In isolation, 31 Coventry Street is one of two apartment developments for Headland Properties which are currently at planning.

With precinct-specific design controls in a state of change, the developer has taken the opportunity to push through with the project which is the amalgamation of the Coventry Street plot and 22-24 Wells Place. The latter southern facing site did hold approval for a slim Pandolfini Architects-designed residential tower.

The amalgamation of the Wells Place and Coventry Street plots has allowed for an increased apartment yield, which totals 120. This sum is split between 40 single and 80 dual bedroom options, with premier two bed, two bath layouts facing Coventry Street.

Assisting the proposed tower is basement car parking for 94 vehicles, a ground floor showroom and rooftop amenities.

<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/image16cov.jpg" rel="gallery-all" title="Pandolfini Architects' superseded Wells Place design"><img alt="" class="image-article-full-width-580px" height="444" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image16cov.jpg?itok=zQ7rtLWC" title="Pandolfini Architects' superseded Wells Place design" width="580"></a>

<figcaption>Pandolfini Architects' superseded Wells Place design and Elenberg Fraser's equivalent</figcaption></figure>Project architect Elenberg Fraser describes the design as follows:

<blockquote>
The Wells place facade references a New York style masonry brick facade. This treatment wraps around to the Eastern and Western facades to provide privacy screening to the adjacent properties. Additionally this facade treatnent acts as an effective solar shading device.

The proposed design for the 31 Coventry sheet facade is an architectural screening element. This provides the opportunity to set the buildings glazing line back from the sites northern title boundary.
<cite>Elenberg Fraser</cite>
</blockquote>

The remaining trio joining Elenberg Fraser's vision for Coventry Street are at different stages of delivery.

Evolve Development has seen the completion of The Guilfoyle at 39 Coventry Street come and go, with the developer also poised to begin construction on Botanic Melbourne at 25-29 Coventry Street which includes 288 apartments over 20 levels. The project has an end value of $190 million and has a targeted 2019 completion date.

Botanic Melbourne is also noteworthy in that Evolve Development control the adjoining 23 Coventry Street, thus preventing development of that site in order to preserve views and amenity from their pending tower.

Rounding out the quartet that combine to create the 'Wall of Southbank' is Coventry Haus, with Hamilton Marino Builders progressing the build that will eventually see 68 apartments within the slim 20 level tower.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/img_4442.jpg" rel="gallery-all" title="31 Coventry Street in the foreground with 33 Coventry under construction"><img alt="" class="image-article-full-width-580px" height="870" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/img_4442.jpg?itok=w8ah089q" title="31 Coventry Street in the foreground with 33 Coventry under construction" width="580"></a>

<figcaption>31 Coventry Street in the foreground with 33 Coventry under construction</figcaption></figure>
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silvermb

Hitting the wall on Southbank

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The latest research from CoreLogic's Southbank Melbourne Cityscope shows property sales have decreased in the past three months.
The property investment firm says that sales recorded in the quarter ending November 2016 totalled $610.6 million, a decrease from the $952.9 million recorded in the three months to August 2016
But a large increase from the $187.9 million recorded to May 2016.
This data brings the 12 month total to $2.306 billion, an increase from the $1.261 billion recorded the same time last year.
The table below shows sales recorded for the past eight updates of Southbank Cityscope.
<a href="/images/2016/12/05/Southbank-01.jpeg" target="_blank">Click to enlarge</a>
<img src="/images/2016/12/05/Southbank-01.jpeg" alt="">
Recent standout sales in the Southbank area include:
<ul>
<li>Twenty8 Freshwater Place, at 28 Freshwater Place, Southbank, comprising a 26-level building with retail space on the ground level and 19 levels of office space, has sold for $286 million through Colliers International Melbourne. The sale represented an initial yield of 6.60% on passing income of $18,876,000;</li>
<li>A vacant development site, at 7-23 Spencer Street, Docklands, an 8,607 sqm block of vacant land at site preparation stage has been sold for $97 million through CBRE Melbourne and JLL Melbourne.</li>
</ul>
<a href="/images/2016/12/05/Southbank-02.jpeg" target="_blank">Click to enlarge</a>
<img src="/images/2016/12/05/Southbank-02.jpeg" alt="">
Properties for sale in Southbank in November 2016 include:
<ul>
<li>Hilton Melbourne South Wharf, at 2 Convention Centre Place, South Wharf, a 5-star hotel comprising ground floor lobby and retail space, a four-level podium and 396 rooms, for sale through JLL Hotels &amp; Hospitality and</li>
<li>202-214 Normanby Road, South Melbourne, a high single-storey brick factory-workshop building being marketed as a development site of 1,518 sqm, for sale through CBRE Melbourne.</li>
</ul>
Significant leasing opportunities in Southbank in November 2016 include:
<ul>
<li>210 Kings Way, South Melbourne, a five-storey brick and concrete office building with a 6,135 sqm building area and 56 car parks, has office space ranging from 670 to 1,890 sqm for lease through Lemon Baxter;</li>
<li>South Wharf Office Tower at 30 Convention Centre Place, South Wharf, a 12-level office tower with parking for 404 cars, has office space of 491 to 2,665 sqm for lease through Colliers International Melbourne; and</li>
<li>182 Kings Way, South Melbourne, comprising two office buildings, has office space ranging from 1,390 to 1,900 sqm for lease through CBRE Melbourne.</li>
</ul>
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j.ballantyne1990-6AQqhLzZaK

Southbank property market declines in past three months: CoreLogic

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The deeper pockets of Southbank continue to tick over as developers line up the next wave of apartment projects in the area.

Most recent to planning is 83-89 Coventry Street, with the large corner site of 976sqm landing with City of Melbourne in recent days. Proposed is a 20 storey reisdential tower with ground level retail and basement carparking.

At the time of sale near on two years ago, the site was offered by Colliers with a "World class scheme for a new iconic tower prepared by one of Melbourne’s best architects." With the passage of time, it likely that a new scheme has been created for the site which abutts the area's tallest building under construction, <a href="/buildings/kings-domain-southbank-68-dorcas-street-southbank">Kings Domain</a> the 24 storeys.

<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/image67_3.jpg" rel="gallery-all" title="Colliers successfully sold 83-89 Coventry Street"><img alt="" class="image-article-full-width-580px" height="369" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image67_3.jpg?itok=1UEEDGDA" title="Colliers successfully sold 83-89 Coventry Street" width="580"></a>

<figcaption>Colliers successfully sold 83-89 Coventry Street</figcaption></figure>83-89 Coventry Street joins 175-187 Sturt Street, which is the precint's other major apartment development at planning.

Lodged during July, the development application calls for a mixed use building which would replace a low-rise commercial complex. Although the scheme has yet to be advertised, likely images of the development have appeared on the website of <a href="http://g3projects.com.au/projects/southbank">G3 Projects</a> in recent times.

Its sweeping form and unique exterior finishes make the tower an aesthetically pleasing sight, while its height is lower to that of the diagonally opposite <a href="/new-apartments/248-250-sturt-street-southbank">250 Sturt Street</a>, which won approval at 16 levels.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image68_6.jpg" rel="gallery-all" title="G3 Projects are involved with 175-187 Sturt Street"><img alt="" class="image-article-full-width-580px" height="356" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image68_6.jpg?itok=z5O4mZ1T" title="G3 Projects are involved with 175-187 Sturt Street" width="580"></a>

<figcaption>G3 Projects are involved with 175-187 Sturt Street</figcaption></figure>In terms of projects nearing public launch, a selling agent has been appointed to The Evermore.

Across a large Dorcas Street land holding, Xu Hui International Group operating as Landence Group in Melbourne, is expected to launch full retail sales of for the twin towered project in the new year. Designed by Hayball, the project initially gained approval for 492 apartments although it has since been refined by the development team, with 400 plus apartment still expected.

The balance of active apartment projects in this pocket of Southbank is split between Evolve Development's <a href="/developments/southbank-vic-3006">Botanic</a> which is at tender, and the under construction <a href="/new-apartments/coventry-haus-33-coventry-street-southbank">Coventry Haus</a> and <a href="/buildings/kings-domain-southbank-68-dorcas-street-southbank">Kings Domain</a>.

The combination of the above projects would add approximately 1,000 apartments to the areas already healthy population.

<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/image69_5.jpg" rel="gallery-all" title="Hayball's final design for The Evermore"><img alt="" class="image-article-full-width-580px" height="655" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image69_5.jpg?itok=dt4g-TRj" title="Hayball's final design for The Evermore" width="580"></a>

<figcaption>Hayball's final design for The Evermore</figcaption></figure>
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Southbank continues to attract development attention

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A restaurant investment in the heart of Southbank is now for sale.
The property is located <a href="https://www.realcommercial.com.au/property-retail-vic-southbank-502141674" target="_blank">1G/ 133 City Road, Southbank</a>.
It is currently leased for seven years with options to extend it even further.
It has a building area of 190 sqm with extensive contemporary fitout.
The rental yield for this property is $85,000 per annum net with reviews of four percent annually. There is a security deposit of $21,353.15
The property is listed for November 23 auction through Ray White agent Brett Diston.
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Restaurant premises in heart of Southbank for on auction

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The penthouse on the 86th floor of Eureka, one of the tallest buildings in the southern hemisphere, has hit the market.
And there's whispers that the 85th floor empty shell is soon set for imminent JLL listing. 
<a href="https://www.rtedgar.com.au/property/424157/8601-7-riverside-quay-southbank/" target="_blank">The 86th floor</a> is a lavish New York style Art Deco inspired apartment listed by entrepreneur Anthony Podesta.
Perched almost 300 metres above Riverside Quay, Southbank, the 660 sqm, whole floor apartment fitout was two years in the making.
It comes with four ensuited bedrooms, a library, large entertaining space, theatre room and even has Eureka Towers only gas fireplace.
There are designer imported fittings, with French oak parquetry flooring and hand crafted Art Deco ceilings. Italian marble is used throughout the apartment.
Podesta, a former high school teacher, made his fortune by founding McMillan Shakespeare, Australia's largest provider of salary packaging and notated leasing.
RT Edgar agents Tim Wilson and Anthony Grimwade are seeking offers over $18 million in conjunction with Melbourne Sotheby's agent Greg Herman.
For the more establishment buyer there's the 99 Spring Street penthouse offering which has been listed by Greg Hargrave. 
This article was first published in the Weekend Australian Mansion Australia property section.
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Eureka penthouse hits the market

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The proposed new Melbourne Conservatorium of Music (MCM) on Sturt Street is shaping to become much more than a cutting edge venue. While the project has been given coverage to date across a range of mediums, very little has been said regarding the project playing an integral part in the wider push to enliven the Arts Precinct and Southbank as a whole.

With plans for the $105 million complex now on display, it's an apt time to explore the projects intentions for Southbank at large.

Covering a site area of 5,100sqm, project lead John Wardle Architects have been joined by landscape architects ASPECT Studios in conceiving a site-specific response, with the aim of encouraging activity across the site and the wider area. Tying in with initiatives such as City of Melbourne's <a href="/news/transforming-southbank-boulevard-and-dodds-street">Transforming Southbank Boulevard</a> project, MCM will create a new active linear axis between Sturt Street and Dodds Street.

Dodds Street has been earmarked by the City Of Melbourne as a prime candidate for conversion to a pedestrian thoroughfare, providing Southbank with additional public space.

Located across from the West Block of the Melbourne University's adjoining campus, this new connector will see the reconfiguration of a number of existing onsite buildings in order to deliver plazas, lawns, more intimate parks and courtyards, set around a common pedestrian pathway. It's expected that when these outdoor spaces (including performance areas) are not utilised by university students, they will be made available to outside organisations.

<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/image38_5.jpg" rel="gallery-all" title="Exterior perspective. Image: Image: John Wardle"><img alt="" class="image-article-full-width-580px" height="267" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image38_5.jpg?itok=lWdk-YlY" title="Exterior perspective. Image: Image: John Wardle" width="580"></a>

<figcaption>Exterior perspective. Image: Image: John Wardle</figcaption></figure>According to the advertised documents, the MCM's design is in part based upon four key themes held within the wider ranging <a href="http://archive.creative.vic.gov.au/files/ea1c6732-f4f6-4c04-b8c0-a2d0012231f0/Melbourne_Arts_Precinct_Blueprint.pdf">Melbourne Arts Precinct Blueprint</a>. They are:

<ul>
<li>Bring life to the streets</li>
	<li>Create a ‘Melbourne’ experience</li>
	<li>More to see and do</li>
	<li>Make connections</li>
</ul>
Further, the following design principles have been instilled within the MCM design:

<ul>
<li>Green Spine: Green infrastructure such as semi-advanced tree planting and water sensitive urban design. Rain gardens will tie the open space together as a green spine</li>
	<li>Landscape Structure: The East and West ends of the open space will be designed as urban anchors. Materials and landscape form will be responsive to the design and/or strategic objectives of Sturt Street and Dodds Street</li>
	<li>Landscape Character: The open space will be comprised of three segments responding uniquely to their surrounding context such as street and buildings interface</li>
	<li>Intimate Spaces: Provide a series of small-scale spaces that provide comfortable locations for individual comfortable spaces for day to day use such as lunch, having coffee, studying and reading</li>
	<li>Performance Fields: The design will incorporate a level of spatial flexibility</li>
	<li>Pedestrian Movement: The open space will provide a strong connection between Sturt Street and Dodds Street for pedestrians. Secondary linkages into the adjacent VCA campus will provided. The plans for building 877 will provide a future food or beverage outlet and bicycle storage</li>
	<li>Frontages &amp; Sight Lines: The interfaces with both Sturt Street and Dodds Street will have considered design responds. Critically the interface with Dodds Street will be designed in coordination with the City of Melbourne</li>
</ul>
<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image36_3.jpg" rel="gallery-all" title="Landscape plan for the project. Image: John Wardle/ASPECT Studios"><img alt="" class="image-article-full-width-580px" height="352" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image36_3.jpg?itok=VbkcEiXx" title="Landscape plan for the project. Image: John Wardle/ASPECT Studios" width="580"></a>

<figcaption>Landscape plan for the project. Image: John Wardle/ASPECT Studios</figcaption></figure>To facilitate the above principles, demolition will be required across two sensitive and historic buildings.

Building 877 fronting Sturt Street will be partly demolished, while building 878 is set for full demolition. This demolition will allow for an expanded public realm and the activation of the site's edges with a cafe and end of trip facilities earmarked for the overhauled spaces. Both buildings are partially included under heritage overlay (HO389).

Heritage aside, the new MCM looks to have squared away both its tertiary and public intentions, while also adding itself to the growing list of remedies designed to bring Southbank's somewhat flailing public realm up to scratch.

Construction expected to commence during 2017.
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Southbank street life flourishes under the new Melbourne Conservatorium of Music proposal

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A Hong Kong based developer has paid $8.8 million for a Southbank development site.
It comes with plans for a $80 million Fender Katsalidis designed, 38 level residential tower.
Savills agent Nick Peden brokered the <a href="https://commercialpropertysearch.savills.com.au/256601/Sale/Southbank/18-Moray-Street" target="_blank">18 Moray Street deal</a> with Clinton Baxter and Jesse Radisich at $20,000 a square metre of land and $70,000 per apartment.
"The sale set a strong new benchmark for Southbank land," Peden said. 
“The transaction clearly demonstrates the ongoing appeal of the Melbourne market to Asia-based developers wishing to undertake projects to meet the needs of our rapidly growing population, and the price reflected that."
The 446 square metre corner site had a permit for a 124 apartments.
The sale was finalised promptly on unconditional cash terms and subject to two short term leases returning $120,000 per annum net.
He said the site was one of the last major permit-approved development opportunities within the prized Crown Casino precinct.
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jonathanchancellor-7SQnKwU6yx

Savills sells Southbank Fender Katsalidis tower site for $8.8 million

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One of the largest approvals during the Matthew Guy planning era is quietly going about facilitating changes to the permitted scheme that will significantly increase the project yield.

Dubbed Ultimus Tower, when under the guidance of selling agent CBRE City Sales 38 Freshwater Place changed hands at the turn of the year, with Sydney-based interests now driving the project. PCT Developments and Management is listed as the applicant for the revised scheme, with GL Investment Co Melbourne Pty Ltd installed as the newest site owner.

Post its initial submission during 2013, the Metier3-designed skyscraper was eventually granted approval by the current Planning Minister in March 2015. The permit at the time allowed for a 73 level mixed-use tower which forms part of the wider Freshwater Place precinct, but which also holds a Power Street frontage.

With a nominal development cost of $400 million, the most recent design iteration, set above a 3,096sqm site, will round out the Freshwater Place Precinct.

<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/image119_0.jpg" rel="gallery-all" title="Intended ground level pedestrian treatment. Planning image: Metier3"><img alt="" class="image-article-full-width-580px" height="379" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image119_0.jpg?itok=udyvNZ_O" title="Intended ground level pedestrian treatment. Planning image: Metier3" width="580"></a>

<figcaption>Intended ground level pedestrian treatment. Planning image: Metier3</figcaption></figure>Under a Section 72 amendment the tower in its external appearance will remain much the same at 272.25m tall at its roof level, although internally the configuration will be altered heavily.

With Metier3 still acting as project lead, the latest owners have sought to boost apartment numbers from 482 to 607. Premium apartments account for 14 of the 607, and are considerably more larger with internals of up to 195sqm. Overall, apartment sizes fall back into line with what could be considered the norm; single bed apartments of typically 50sqm, doubles with 70-80sqm and triples with 115-125sqm.

In line with the originally approved plan, a hotel component has been retained, although suite numbers have fallen from 390 to 299. The approved office space of some 1,288sqm has been eliminated as has the majority of retail space within the scheme; from 3,083sqm to a mere 538sqm.

Car parking provisions remain unchanged at 480, with both motorbike and bicycle allowances increasing.

With a new plot ratio of 36.8:1, setbacks to the north and west have been increased to 10m, with the eastern flank remaining unchanged at 5m. The podium height increases to 9 levels or 32.85m, with a new larger Gross Floor Area of 113,898sqm. This placed the tower among one of Melbourne's largest developments.

<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/image122_0.jpg" rel="gallery-all" title="Power street perspective. Planning image: Metier3"><img alt="" class="image-article-full-width-580px" height="1248" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image122_0.jpg?itok=aKv3Hl4D" title="Power street perspective. Planning image: Metier3" width="580"></a>

<figcaption>Power street perspective. Planning image: Metier3</figcaption></figure>As part of the revised application documents, a tentative timeline for construction has been included as part of the amended aviation application. The building itself and crane utilised in the construction process will be well under the PANS‐OPS barrier, but the building will penetrate the Essendon OLS barrier by 58.75m; the crane even moreso.

To this end the tower crane is expected to begin operation during August 2017 and continue through to September 2019.

These dates would suggest a best case scenario.
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