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

Joel Robinson

The apartment price gap drawing Sydney buyers west

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

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

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

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

Lewis Land's latest apartment release within its <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplan is targeting one of the Gold Coast's fastest-growing buyer groups, with almost a third of apartments at Solis priced below $1 million.

The seven-storey building at Biggera Waters will comprise 91 apartments, including 24 one-bedroom residences starting from $778,000, a price point Lewis Land says is aimed squarely at first home buyers struggling to enter the Gold Coast market.

<img alt="Harbour Shires" data-entity-type="file" data-entity-uuid="e7486e37-22f6-4c92-b212-9b0622070b8f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.34%E2%80%AFAM.png?VersionId=W8MJwJUCf6HkIyl_EVSksnd.QI6MZryY" />

<a href="https://www.apartments.com.au/developers/lewis-land-group">Lewis Land</a> Head of Development Michael Long said the developer deliberately allocated a significant proportion of the project to more affordable apartment types.

"First home buyers have been priced out of many parts of the Gold Coast, and we saw a clear opportunity to address this and play our part in a longer-term housing solution," Long said.

"That's why 24 of the 91 apartments being delivered at Solis have been designed and priced for the city's next generation of homeowners, quality one-bedroom apartments, half of which include an additional multipurpose room to maximise space and flexibility.

"This approach places 30 per cent of apartments in Solis under $1 million, and with close proximity to Harbour Town's future light rail extension connecting residents to the city's major employment and knowledge hubs, it's a win for buyers looking to secure their first property."

<img alt="Sores" data-entity-type="file" data-entity-uuid="550526d3-73ba-4710-9739-c5f4294a30ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.29%E2%80%AFAM.png?VersionId=cQQdXHt9wS0UXwZEm5Py5bH_3kAmzyhu" />

Designed by BDA Architecture, Solis will deliver a mix of one, two and three-bedroom apartments, with residences ranging up to 232 sqm. Apartments feature generous balconies and contemporary finishes, while residents will have access to Harbour Shores' lagoon pool, clubhouse, tennis court, gym, yoga studio and sauna.

The focus on first home buyers resonated with purchaser Holly Humphreys, who said she and her boyfriend spent more than a year searching for their first property before shifting their attention from houses to apartments.

"We fell in love with the first house we bid on and got our hopes up, but after repeated knockbacks we learned not to get too attached," Humphreys said.

"We offered at the high end of price guides, but sales kept going even higher. That's where we really struggled and we needed to re-evaluate our budget and our expectations. Standalone houses were off the table, and we pivoted to apartments and townhouses."

Humphreys said it was encouraging to see developers recognising the growing demand from first home buyers.

"There's a growing number of young buyers looking to enter the market earlier because they understand that getting in now can make a real difference as prices continue to rise," she said.

"It's fantastic to see a developer recognise this and then actively take measures to deliver an apartment with us in mind."

Solis is the first development planned within the second stage of the Harbour Shores masterplan, with early works expected to commence in September 2026.

[smartcode_project_cta:default project_id=113271]

Lewis Land targets first home buyers at latest Harbour Shores release, Solis

Luxury apartment developer Abadeen has recorded $19.25 million in apartment sales across two of its Lower North Shore developments in the lead-up to the end of the financial year, headlined by the sale of a $6.75 million penthouse at <a href="https://www.apartments.com.au/buildings/koyo-crows-nest-5-rodborough-avenue-crows-nest-nsw-2065">KOYO in Crows Nest.</a>

The transactions also included the sale of a newly completed three-bedroom apartment at <a href="https://www.apartments.com.au/buildings/park-residences-cremorne-2-sutherland-street-cremorne-nsw-2090">Park Residences in Cremorne</a> for $6.35 million, with the residence selling shortly after the project's first public inspections following completion.

The sales come as completed, owner-occupier-focused apartments continue to attract strong demand across Sydney's Lower North Shore, particularly from buyers looking for certainty and immediate occupancy.

The penthouse at KOYO spans 491 sqm across a single level and was designed by architect Koichi Takada. The development is one of Abadeen's flagship boutique projects in Crows Nest.

[smartcode_project:default project_id=108800 project_image_fid=370093]

Abadeen Executive Chairman and Founder Justin Brown said buyer activity lifted noticeably in the lead-up to the end of the financial year.

"We saw a clear increase in enquiry levels, inspection numbers and buyer engagement across our completed projects leading into the end of the financial year," Brown said.

"Buyers have become far more decisive over the past six months. The combination of improving confidence, limited supply and the ability to physically inspect completed residences is creating strong competition for premium apartments in the best locations."

Brown says the&nbsp;response to Park Residences following completion has been particularly strong.

"Buyers want certainty and are responding positively to the opportunity to walk through a finished product, inspect the quality firsthand and move in immediately," Brown suggested.

"Projects such as Park Residences and KOYO demonstrate that when the product is exceptional and the location is irreplaceable, buyers are prepared to act quickly."

[smartcode_project:default project_id=114246 project_image_fid=370116]

Abadeen CEO Joe Tack said quality continued to differentiate projects in the current market.

"Today's buyers are incredibly discerning," Tack said.

"They are seeking larger floorplans, premium finishes, walkability, lifestyle amenity and confidence in the developer delivering the project. Well-designed boutique developments continue to outperform because they offer something genuinely difficult to replace.

"The enquiry we are seeing across our completed and recently completed Lower North Shore portfolio is very encouraging, and we expect this momentum to continue into spring."

The sales follow increased enquiry across Abadeen's Lower North Shore portfolio which also includes <a href="https://www.apartments.com.au/buildings/northcote-collective-naremburn-2-northcote-street-naremburn-nsw-2065">Northcote Collective in Naremburn</a> which also completed recently.

KOYO penthouse headlines Abadeen's $19.25 million EOFY sales flurry

Southbank

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Real estate investment management firm Qualitas will provide a $33.5 million mezzanine loan to BPM Group for its ambitious $300 million Shadow Play development in Melbourne’s Southbank.
It is one of Qualitas’ largest mezzanine deals, providing funding alongside Westpac and Bankwest for the 46-level, 486-apartment complex.
Tim Johansen, Managing Director of Real Estate Finance at Qualitas, said the development was attractive to Qualitas as it has been significantly derisked.
“BPM has invested heavily in the design and marketing of Shadow Play to ensure that it’s a sought-after, premium offering that stands out in the market.
"As a result, it has already secured an impressive 75 percent of the project in pre-sales.
"BPM has also partnered with a quality contractor, the ICON Group, which has a strong track record in these types of projects,” he said.
Award-winning architects Elenberg Fraser have designed the project, while Hecker Guthrie are behind the interior design. 
Jonathan Hallinan, founder and managing director of BPM says Shadow Play is on track for completion in the first quarter of 2018.
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jchancellor-FAypfDUnLy

75 percent sellout as Qualitas provides further funding for BPM's Shadow Play project

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The University of Melbourne in partnership with the Victorian Government is set to build a new Melbourne Conservatorium of Music next door to the Melbourne Recital Centre on Sturt Street in Southbank.

Located in an area that has seen a large amount of cultural and media investment in the past decade, the new Conservatorium will be built adjacent to the VCA campus at 33 Sturt Street on land currently owned by the Victorian Government.

The University of Melbourne is set to enter into a long-term lease of the public land and the development is valued at $105.5 million. The Victorian Government is tipping it will generate $350 million for the state.

The architect responsible for the design as depicted above, John Wardle Architects, has this to say of the new MCM on its <a href="http://www.johnwardlearchitects.com/projects/project/99-melbourne-conservatorium-of-music">website</a>:

<blockquote>
Outwardly focused and inviting, the MCM aims to balance the singular concentration required of students with the camaraderie of engaging with others. The building makes a place to rub shoulders with fellow music students, and the artistic milieu of the wider campus and precinct.

Multiple vantage points in the new MCM allow for appreciating the inner workings of music education. The learning and rehearsal spaces, both small and large, are interspersed with bell-shaped portholes, hinged panels and disguised windows that generously exhibit the activity within. A large oculus window into the ground floor orchestral rehearsal space unlocks the traditional vault of music education to reveal its inner realm.
<cite>John Wardle Architects</cite>
</blockquote>

<h2>Ding dong, another surface car park is gone</h2>

<iframe allowfullscreen="" frameborder="0" height="450" scrolling="no" src="https://www.google.com/maps/embed?pb=!1m0!3m2!1sen!2sau!4v1468367686941!6m8!1m7!1sKWtXGkUNZkkW1jLxImYPkA!2m2!1d-37.8244742252453!2d144.9670398691161!3f54.15733323072226!4f3.503894875492847!5f1.1924812503605782" style="border:0" width="100%"></iframe>

Currently wasting away as a surface car park, the site, located opposite the ABC and one of the original gated communities of Southbank, will also feature a new public space that will link Dodds and Sturt streets.

The new public space will be framed by the overhanging 400-seat auditorium which will protrude southwards from the seven + mezzanine level building.

In a media release the Deputy Premier, James Merlino, said "the Conservatorium will bring students from around Victoria, Australia and the world, giving them the skills for the rest of their career. Southbank is already home to an extraordinary concentration of top calibre arts training facilities, as well as the best art galleries and performance venues in the country."

The new Conservatorium is set to open for students in 2019.
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Alastair Taylor

Southbank to host new Melbourne Conservatorium of Music

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The development team behind Southbank's Monarch Tower have positioned the new project at the higher end of the apartment market, far from some of the projects which surround the mixed-use development.

Representatives of Altus Development, Moull Murray Architects and Bella Charlton recently spoke with Apartments.com.au prior to the project's launch, discussing the all-encompassing task of positioning the permium tower in a location where distingiushing one project from another can be difficult.

Post securing the site, Moull Murray Architects were tasked with refashioning the tower whilst remaining within the approved envelope. With the majority of projects nearby appearing as generic blocks, a high degree of variation was employed over Monarch Tower's facade, moving it aesthetically beyond its neighbours.

<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/image66_2.jpg" rel="gallery-all" title="Monarch Tower hero perspective. Image: Altus Development"><img alt="" class="image-article-full-width-580px" height="829" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image66_2.jpg?itok=68cIhmcn" title="Monarch Tower hero perspective. Image: Altus Development" width="580"></a>

<figcaption>Monarch Tower hero perspective. Image: Altus Development</figcaption></figure><blockquote>
The new architectural treatment, reinforces the tall, slender nature of the approved development envelope with an emphasis on vertical forms. The proportions of the tower have been treated In the classic sky-scraper tradition of a base, middle tower, and expressed top.

The podium utilises a grid framework to set up visually scaleable proportions that relate to the streetscape as well as the pattern overlaid on the tower facade. The podium is veneered with apartments on both frontages to reinforce a sense of human interaction with the public realm.
<cite>Moull Murray Architects</cite>
</blockquote>

Adding to Monarch Tower's stocks is the addition of serviced apartment operator Pan Pacific which will operate 130 five-star suites, situated over the lower 19 levels of the project. Not only does the addition of Pan Pacific provide Monarch Tower with a renowned worldwide operator, it also allowed for the expansion of communal areas and facilities within the building.

A pool deck including a fully-equipped gym, cinema, tranquil health spa, outdoor BBQ entertainment terrace and virtual golf range will service both typical apartments and the Pan Pacific suites. The development team also made note of Monarch Tower's proximity to Crown and the Southbank Entertainment Precinct, with either a short walk away.

<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_2.jpg" rel="gallery-all" title="Amenities finished to a high standard. Image: Altus Development"><img alt="" class="image-article-full-width-580px" height="186" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image67_2.jpg?itok=TahmJ7LB" title="Amenities finished to a high standard. Image: Altus Development" width="580"></a>

<figcaption>Amenities finished to a high standard. Image: Altus Development</figcaption></figure>Premier apartments within Monarch Tower will have exclusive access to the 6-star Sovereign Lounge featuring a bar, spa, sauna, steam room and gym, plus unimpeded views toward the CBD.

Whilst the previously approved plans allowed for one and two bedroom apartments to the tower's summit, Altus Development has completely repositioned Monarch Tower to capture the premium apartment market. Set over the upper 43 levels, total apartment numbers within the project have fallen to 294.

Levels 51 through 58 will include adaptable penthouse and sub penthouse plans, capable of being reworked to a prospective buyer's their needs. Included is the opportunity to create a double-storey, super-sized loft.

<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/image63_4.jpg" rel="gallery-all" title="Artist's impression of a penthouse living area. Image: Altus Development"><img alt="" class="image-article-full-width-580px" height="292" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image63_4.jpg?itok=fkY3VzXl" title="Artist's impression of a penthouse living area. Image: Altus Development" width="580"></a>

<figcaption>Artist's impression of a penthouse living area. Image: Altus Development</figcaption></figure>Quizzed on Monarch Tower's interest prior to launch, Bella Charlton's Valentino Spyriadis divulged a number of reservations have been taken for apartments, with those to be firmed once the project officially heads to sales.

Further all penthouses within Monarch Tower will be held for the local market, with the high-end stock considered essential to the project's marketing perception and eventual place in the Southbank market. This is in line with the development team positioning Monarch Tower at the owner-occupier and premium investor.

The launch of Monarch Tower coincides with the firming of a head construction contractor for Docklands' Altus Tower, which follows a similar model to that of Monarch Tower. With a new PARKROYAL and private apartments headlining the Docklands project, Altus Development expect the high-end duo will spearhead their Melbourne development pipeline.
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silvermb

Distinguishing oneself on Southbank as Monarch Tower enters the fray

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First covered on Apartments.com.au <a href="/news/what-the-fook-84-88-queensbridge-street-southbank">over two years ago</a>, <a href="http://88melbourne.com.au/">88 Melbourne</a> was officially launched by New Sky Group on 30 April, marking its first major foray into the Melbourne market.

The project has already proven popular with locals currently living within Southbank and interstate purchasers with buyers from Sydney in particular.

The $100 million 60-storey tower, located in the Southbank Entertainment Precinct is designed by RotheLowman in conjunction with KPDO.

Inspired by hand crafted jewelry and the art of origami, the building features a three-dimensional diamond patterned façade, that will shimmer during the day. This will be further accentuated in the evening sky by an integrated LED installation, the first residential tower in Melbourne to feature a full height LED lighting design.

<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/88m_03.jpg" rel="gallery-all" title="88 Melbourne hero perspective. Image courtesy of New Sky Group"><img alt="" class="image-article-full-width-580px" height="1114" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/88m_03.jpg?itok=-YWmatxh" title="88 Melbourne hero perspective. Image courtesy of New Sky Group" width="580"></a>

<figcaption>88 Melbourne hero perspective. Image courtesy of New Sky Group</figcaption></figure><blockquote>
88 Melbourne will have a sophisticated presence in the city and change the way people think of apartment living. It will be an iconic Melbourne address and a lasting moment in the evolution of local architecture and how we design for changing life-stages.
<cite>Chris Hayton, Principal, RotheLowman</cite>
</blockquote>

88 Melbourne will be Melbourne’s first apartment building to feature hand-crafted kitchen appliances by Sub- Zero and Wolf, the brand associated with professional chefs internationally including Heston Blumenthal, Nigella Lawson and Jamie Oliver.

At time of writing, 72 of 252 apartments within 88 Melbourne have been sold in the first 3 weeks, with 50% of the 1 bedroom apartments sold. Apartments range in size from 50-58sqm for 1 bedroom apartments, up to 88sqm for 2 bedroom and 113-158sqm for the 3 bedroom apartments with an average of five apartments per floor.

Penthouses occupy full floors and feature floor to ceiling heights of four metres.

Sales agent Matt George of Urban Activation said 88 Melbourne was a unique project for the city and with the introduction of stricter planning controls meant the chances of views being built out were less likely particularly above level 44. 88 Melbourne identified a gap in the market for owner-occupier driven apartment stock within the CBD and Southbank according to Matt.

<blockquote>
The city has not seen a CBD tower of this scale designed specifically with owner occupiers in mind before. While investors will undoubtedly be interested in this building, its residents will overwhelmingly reside here.

It reflects an evolution to a more New York urban style of living in Melbourne, as more and more families and empty nesters trade their family home for an urban pad with everything they need either in their building or on their doorstep.
<cite>Matt George, Urban Activation</cite>
</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/88m_amenities_level.jpg" rel="gallery-all" title="Level 8 recreational facilities. Image courtesy New Sky Group"><img alt="" class="image-article-full-width-580px" height="321" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/88m_amenities_level.jpg?itok=7ynvjg42" title="Level 8 recreational facilities. Image courtesy New Sky Group" width="580"></a>

<figcaption>Level 8 recreational facilities. Image courtesy New Sky Group</figcaption></figure>The AFR has reported that 88 Melbourne has received consent from Planning Minister Richard Wynne to increase its height by six floors to an overall height of 199 metres, or 208 metres to top of plant. Construction of 88 Queensbridge is expected to commence in late October / early November with an expected construction programme of two years.
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Laurence Dragomir

New Sky thinking: 88 Melbourne

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Approval is being sought for a mixed use Southbank skyscraper that will assume the form of a flower. Designed by Elenberg Fraser, 51-65 Clarke Street would surpass the 200 metre mark in a pocket of Southbank nestled alongside the West Gate Freeway.

Developer Newcity Group has also sought to add a unique feature to the project; a dedicated business and cultural exchange centre atop the tower that would seek to strengthen ties between Melbourne and southern China's economic powerhouse city of Guangzhou.

Documents within the planning application also indicate that the project would create thousands of construction jobs over the life of the project and 140 ongoing jobs linked to the hotel element within the tower.

The plans for 51-65 Clarke Street follows on from the site's successful sale during 2014, where <a href="http://www.theaustralian.com.au/business/property/cbd-site-snapped-up-for-304m/news-story/d7a0f65128861186f3ecab846e6bddd5">CBRE City Sales were able to secure the vendor $30.4 million</a> for the tri-fronted development plot.

<h2>51-65 Clarke Street planning application summary</h2>

<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/image2sbef.jpg" rel="gallery-all" title="51-65 Clarke Street as seen within the project Town Planning Report"><img alt="" class="image-article-full-width-580px" height="800" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image2sbef.jpg?itok=pCCbqTxq" title="51-65 Clarke Street as seen within the project Town Planning Report" width="580"></a>

<figcaption>51-65 Clarke Street as seen within the project Town Planning Report</figcaption></figure><ul>
<li>Site area: 1,787 square metres</li>
	<li>Current use: three storey commercial building</li>
	<li>Proposed 73 level tower at 245.05 RL to top of architectural feature</li>
	<li>112 hotel suites</li>
	<li>512 apartments: 166 x 1BR, 318 x 2BR, 28 x 3BR</li>
	<li>Business Hub: 1,042 square metres</li>
	<li>Level 8 &amp; 54 facilities and amenities</li>
	<li>Retail and function centre: 1,541 square metres</li>
	<li>120 car parking spaces and 327 bicycle spaces</li>
</ul>
<h2>Newcity for an old relationship</h2>

Newcity Development (One) Pty Ltd is behind the proposal, one of many Chinese-backed developers that have descended upon Melbourne in recent years.

According to the application's Town Planning Report, "The Newcity Group and more relevantly Cao Zhiwei, the Chairman of ‘Newcity Group’ is a member of the political advisory body of Guangzhou. This development, and in particular the exchange hub is seen as a significant step in establishing a destination and beacon for commerce between Guangzhou and Melbourne."

Thus far the following businesses have been noted as providing support for the intended business and cultural exchange:

<ul>
<li>The People’s Government of Guangzhou Municipality</li>
	<li>Chinese People’s Political Consultative Conference Guangzhou Committee</li>
	<li>Guangzhou Association for Friendship with Foreign Countries</li>
	<li>Guangzhou University</li>
	<li>Guangzhou Real Estate Association</li>
	<li>Department of Culture Guangzhou Municipality</li>
	<li>Guangzhou Women’s Federation</li>
</ul>
<h2>Seeking exemption</h2>

The site is subject to Design and Development Overlay Schedule 10 (DDO10), which was introduced into the Melbourne Planning Scheme during September 2015 as part of the broader C262 amendments implemented by Minister Wynne.

As initially submitted, the Elenberg Fraser design complied to podium height, street setback and tower setback requirements, although a plot ratio of 35:1 results. Above the discretionary desired plot ratio of 24:1, the development team has in turn requested a variation to allow the tower to proceed as planned.

It is worth noting that the development team sought and was granted an extension of time request for the submission during February 2016; what results from subsequent projects refinements remains to be seen.

<h2>Shaping Southbank</h2>

51-65 Clarke Street's form which is based upon the shape of a Bombax Ceiba Flower is the latest of a number of shapely Southbank talls to create headlines of late.

Last week it was widely reported that Crown Limited and Schiavello have formally submitted a proposal for their 1 Queensbridge Street tower. <a href="http://www.afr.com/real-estate/james-packer-proposes-australias-tallest-building-at-crown-in-melbourne-20160511-gosg43#ixzz48Nj5iVTC">According to Fairfax</a>, the tower would hold 306,666 of Gross Floor Area and maintain a plot ratio of 57:1.

<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/image5clarke.jpg" rel="gallery-all" title="54-56 Clarke Street markeying material. Image: CBRE City Sales"><img alt="" class="image-article-full-width-580px" height="339" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image5clarke.jpg?itok=Gs8Nm91w" title="54-56 Clarke Street markeying material. Image: CBRE City Sales" width="580"></a>

<figcaption>54-56 Clarke Street markeying material. Image: CBRE City Sales</figcaption></figure>Also in the news is the flowing 54-56 Clarke Street project created by BKK Architects which has been placed on the market with planning approval in tow.

At 240 metres 54-56 Clarke Street shadows 51-65 Clarke Street for height, with both future towers opposite one another.

<h2>51-65 Clarke Street development team</h2>

<ul>
<li>Developer: Newcity Group (Newcity Development (One) Pty Ltd)</li>
	<li>Architectural plans: Elenberg Fraser Architects</li>
	<li>Urban Context Report: Elenberg Fraser Architects</li>
	<li>Planning: Urbis</li>
	<li>Traffic Engineering Assessment: One Mile Grid Traffic Consultants</li>
	<li>Waste Management Plan: Wastech</li>
	<li>Sustainability Management Plan: Norman Disney and Young</li>
	<li>Economic Investment Impact Analysis: ShineWing</li>
	<li>Landscape and Masterplan: Aspect Landscape Architects</li>
	<li>Environmental Wind Assessment: MEL</li>
</ul>
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51-65 Clarke Street shapes as a Southbank tower with a twist

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The veil may have been lifted (or lowered) on Southbank's latest notable Arts Precinct project. 

Denton Corker Marshall have via their website provided imagery for what was one of a number of invited competition entrants for Melbourne University's new Melbourne Conservatorium of Music. The facility is expected to eventually consolidate the university's full music program to Southbank within the purpose built complex.

A <a href="http://mag.alumni.unimelb.edu.au/opening-the-southbank-campus-to-melbourne/">three stage development process</a> will see Victoria Police's Mounted Branch vacate their Dodds Street, Southbank address, allowing for the redevelopment of the stables into a new multipurpose facility for the Victorian College of the Arts. This in turn will facilitate the delivery of the new Conservatorium Building on what is now a vacant Sturt Street car park abutting the Southbank Theatre - Melbourne Theatre Company.

<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/image5dcm.jpg" rel="gallery-all" title="MTC and the proposed MCM side by side. Image: Denton Corker Marshall"><img alt="" class="image-article-full-width-580px" height="268" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image5dcm.jpg?itok=7QIo8GH4" title="MTC and the proposed MCM side by side. Image: Denton Corker Marshall" width="580"></a>

<figcaption>MTC and the proposed MCM side by side. Image: Denton Corker Marshall</figcaption></figure>Whilst not successful, the Denton Corker Marshall imagery is representative of the intended building's outcome in both size and transparency.  Denton Corker Marshall's entry would have provided a translucent design featuring a spiral staircase running the height of the building.

The northern facade would have also employed a stone finish in line with that of the neighbouring Southbank Theatre.

Melbourne University's move to relocate the existing Parkville-based Melbourne Conservatorium of Music to Southbank will allow the faculty to be positioned in the Melbourne Arts Precinct with institutions such as the Melbourne Symphony Orchestra, Hamer Hall and Melbourne Recital Centre nearby.

The new Melbourne Conservatorium of Music and stables redevelopment forms part of the the Victorian Government’s <a href="http://file:///C:/Users/User/Downloads/Melbourne_Arts_Precinct_Blueprint.pdf">Melbourne Arts Precinct Blueprint</a>, which sees a vision for a "connected Arts Precinct that is a must-see part of Melbourne, known for its distinctive character and vibrant arts experiences."

<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/image6dcm.jpg" rel="gallery-all" title="Veiled and luminous. Image: Denton Corker Marshall"><img alt="" class="image-article-full-width-580px" height="359" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image6dcm.jpg?itok=y3NlI0qH" title="Veiled and luminous. Image: Denton Corker Marshall" width="580"></a>

<figcaption>Veiled and luminous. Image: Denton Corker Marshall</figcaption></figure>The Dodds Street stables development on the other hand is a roughly $40 million conversion with the result being a new visual arts wing for the Victorian College of the Arts.

<a href="http://www.dtpli.vic.gov.au/__data/assets/pdf_file/0008/295586/2-P23016-Heritage-Design-Statement.pdf">Online plans</a> directed toward Heritage Victoria outline the intended conversion of the 1912-1929 structure. The double storey stables wing is expected to become studio &amp; exhibition space while the former riding school wing is earmarked to become performing arts space, leaving the prominent octagon to morph into an events space/gallery, administration and school front of house space.

According to the Melbourne University Magazine the project is supported by the Victorian Government, the University of Melbourne, the Faculty and philanthropic bodies including the Myer Foundation, Ian Potter Foundation and Martyn and Louise Myer.
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Is this the next addition to Melbourne's Arts Precinct?

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Earlier in the month Apartments.com.au <a href="/news/development-sites-presently-advertised-for-sale-offer-a-reflection-of-the-current-market">highlighted the strong field of development sites</a> currently on the market, with a slant toward suburban sites holding sway over inner city offerings. Developers gazes may well be swing back to the inner city with two prime sites offered in the interceding time, will full approvals in tow.

<h2>54-56 Clarke Street, Southbank</h2>

Planning Minster of the day Matthew Guy labelled it "a revolutionary change for the way that we design buildings in Melbourne.” And now a Melbourne Cup field of developers will no doubt run the ruler over the approved 54-56 Clarke Street with an eye toward creating Melbourne's next landmark building and the bragging rights that go with such a tag.

The development site has been listed for sale with incumbent proponent Matrix and Cube choosing to move the Southbank site on rather than proceed with a dedicated apartment sales campaign. The project dubbed 'Elysium' has thus far maintained its own website which has allowed interested parties to register their interest in the project. 
Freshly listed with both CBRE City Sales and Knight Frank, 54-56 Clarke Street is a 74 level project with approval for 288 high-end apartments and an associated ground floor cafe.

<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/image30_5.jpg" rel="gallery-all" title="Initial plans for the project had it known as Elysium"><img alt="" class="image-article-full-width-580px" height="348" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image30_5.jpg?itok=CPkS_6Kg" title="Initial plans for the project had it known as Elysium" width="580"></a>

<figcaption>Initial marketing for the project referred to the tower as Elysium</figcaption></figure>Lauded as innovative and technologically advanced, the approved 240 plus metre design by BKK Architects is unique in that a design of a similar height onsite could not likely be replicated owing to interim planning controls implemented during 2015. Thus any potential buyer of the site could deliver the approved scheme which would be considerably taller than those buildings surrounding it, both in the present and the future.

The successful buyer will have a chance to secure the site via an Expressions of Interest campaign which closes Monday the 11th of April.

<h2>10 Moreland Street, Footscray</h2>

<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/image35_1.jpg" rel="gallery-all" title="10 Moreland Street is available. Image courtesy Architecton"><img alt="" class="image-article-full-width-580px" height="764" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image35_1.jpg?itok=gV7wyFkL" title="10 Moreland Street is available. Image courtesy Architecton" width="580"></a>

<figcaption>10 Moreland Street is available. Image courtesy Architecton</figcaption></figure>10 Moreland Street was the first high-rise to gain approval within Footscray's Joseph Road Precinct. At 26 levels and 86 metres the approved design is also one of the urban renewal precinct's tallest.

Designed by CBD-based Architecton and in the hands of agent Savills, the tower is capable of accommodating 210 dwellings over the 1,277sqm site, with three street frontages holding retails tenancies.

Other notable development sites offered for sale recently in the immediate area include <a href="/buildings/liberty-one-1-warde-street-footscray">1 Warde Street</a> with 380 approved apartments in tow along with 54-58 Hopkins Street. Better known as Franco Cozzo's Footscray home, 54-58 Hopkins Street has been billed as capable of handling a sizeable 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/image33_5.jpg" rel="gallery-all" title="Architecton's take on 10 Moreland within the Joseph Road Precinct"><img alt="" class="image-article-full-width-580px" height="329" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image33_5.jpg?itok=9IGlhJLL" title="Architecton's take on 10 Moreland within the Joseph Road Precinct" width="580"></a>

<figcaption>Architecton's take on 10 Moreland within the Joseph Road Precinct</figcaption></figure>
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54-56 Clarke and 10 Moreland enter the already strong development site field

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With 2016 now well underway and several projects gearing up for construction or gathering pace, it's an opportune time for another update on the progress of Apartments.com.au's CBD model. Previously the focus has been on the CBD North area, however with big projects such as Australia 108 in full swing and the approval of Kavanagh Park, it seemed like the next area worth looking at was Southbank.

As this is an ongoing process there are still buildings still to be added, both existing and future, but it's interesting to see what's in store for Southbank over the course of the next five or so years.

<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/southbank_aerial.png" rel="gallery-all" title="Southbank aerial of the central cluster."><img alt="" class="image-article-full-width-580px" height="382" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/southbank_aerial.png?itok=9dTLUtgo" title="Southbank aerial of the central cluster." width="580"></a>

<figcaption>Southbank aerial of the central cluster.</figcaption></figure>The elevation below shows (some are not visible) the projects currently under construction on Southbank.

<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/southbank_uc_elevation.png" rel="gallery-all" title="Southbank under construction."><img alt="" class="image-article-full-width-580px" height="203" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/southbank_uc_elevation.png?itok=m8Au0yyd" title="Southbank under construction." width="580"></a>

<figcaption>Southbank under construction.</figcaption></figure>Major towers currently under construction include:

<ul>
<li>Australia 108</li>
	<li>1-11 Balston Street</li>
	<li>Opus Tower (nearing completion)</li>
	<li>2 Riverside Quay</li>
	<li>Shadow Play</li>
	<li>Marco Apartments</li>
	<li>Platinum Tower</li>
</ul>
When the approved projects (blue) are added into the mix the change in Southbank's skyline and density is significant with Kavanagh Park alone set to add six towers and 2,610 dwellings to the area.

Other sizeable developments include 38 Freshwater Place at 274 metres, 158 City Road, Elysium (240 metres) and Central Equity's tallest approved project to date: Southbank Place at 165 metres.

<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/southbank_proposals_elevation.png" rel="gallery-all" title="Southbank approvals (blue) and under construction (green)."><img alt="" class="image-article-full-width-580px" height="203" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/southbank_proposals_elevation.png?itok=ONcUZOXG" title="Southbank approvals (blue) and under construction (green)." width="580"></a>

<figcaption>Southbank approvals (blue) and under construction (green).</figcaption></figure>And lastly proposed developments are included, adding further variety to the skyline silhouette; a far cry from the City of Melbourne's desire for a blanket height in Southbank of 100 metres.

<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/southbank_all_in_elevation_.png" rel="gallery-all" title="Southbank all in."><img alt="" class="image-article-full-width-580px" height="203" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/southbank_all_in_elevation_.png?itok=lR3i9DO_" title="Southbank all in." width="580"></a>

<figcaption>Southbank all in.</figcaption></figure>Still missing from the above images are <a href="http://www.wilkinsoneyre.com/">Wilkinson Eyre</a>'s 317 metre Crown Plaza at 1 Queensbridge Street, which will slot straight in taking centre stage in the Southbank model. This will occur once Apartments.com.au has the full details on the development.

Additionally a dual tower scheme for 87-105 City Road, designed by Fender Katasalidis Architects is also anticipated to be included soon as will the the revamped 334-344 City Road.

<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/southbank_from_fss.png" rel="gallery-all" title="Southbank from Flinders Street Station."><img alt="" class="image-article-full-width-580px" height="261" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/southbank_from_fss.png?itok=bak2-zBS" title="Southbank from Flinders Street Station." width="580"></a>

<figcaption>Southbank from Flinders Street Station.</figcaption></figure>
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Southbank's surge continues: another CBD model update

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Touched upon by Apartments.com.au <a href="/news/taller-projects-and-better-design-outcomes-on-southbank">last week</a>, Southbank is set to receive a new skyscraper in the form of a refashioned City Road mixed-use building. Moull Murray Architects are the design practice behind the project, teaming with Altus Development once more after the rapidly expanding Clayton-based developer secured the 1,265sqm site.

Appearing initially on Apartments.com.au during 2013, the scheme for the then <a href="/buildings/home-southbank-256-260-city-road-southbank">256-260 City Road</a> was the work of Hayball for proponent Apex Vic Pty Ltd. Under the initially approved scheme 431 apartments were included within a $120 million project, with 104 car spaces and 215 bicycle spaces in tow.

<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/cam_02_low_res_copy-1.jpg" rel="gallery-all" title="A new City Road landmark. Image courtesy Moull Murray Architects"><img alt="" class="image-article-full-width-580px" height="756" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/cam_02_low_res_copy-1.jpg?itok=y6jSH1HS" title="A new City Road landmark. Image courtesy Moull Murray Architects" width="580"></a>

<figcaption>A new City Road landmark. Image courtesy Moull Murray Architects</figcaption></figure><h2>Design statement</h2>

Apartments.com.au spoke with Moull Murray Architects Director, Andrew Murray, regarding 258 City Road with the following project description offered:

<blockquote>
The new architectural treatment, designed by Moull Murray Architects, reinforces the tall, slender nature of the approved development envelope with an emphasis on vertical forms.

The proportions of the tower have been treated in the classic skyscraper proportions of a base, middle tower, and expressed top. The podium utilises a grid framework to set up visually scaleable proportions that relate to the streetscape, in addition to the pattern overlaid over the tower.

The podium is also veneered with apartments on both frontages to reinforce a sense of human interaction with the public realm.

The building is a mix of serviced apartments up to level 18, with private apartments above, served with independent foyer and lifts.
<cite>Andrew Murray, Moull Murray Architects</cite>
</blockquote>

Still at 193 metres to parapet, the tower has been given a sharper exterior relative to its predecessor, with a higher degree of articulation introduced over the facade. Solid elements to the western facade have been introduced, with a <a href="/news/two-giants-round-out-central-equitys-massive-development-pipeline">planning application for a similarly sized tower</a> under assessment for the immediate western site.

Spanning 62 levels, the initial 18 levels will be dedicated to 130 one and two bedroom serviced apartments operated by Pan Pacific Hotels Group, the second such venture between developer and hotel operator. Thereafter 323 private apartments will round out the tower consisting of one and two bedroom options, with penthouse dwellings configured as three bedrooms absorbing the highest 12 levels.

258 City Road's mixed-use nature also allows for a multitude of facilities within the building. Ground floor will see all day dining with meeting rooms above, while the podium top pool deck with hold a gym, cinema, health spa and outdoor BBQ entertainment area and terrace bar.

The project is expected to be released during the first quarter of 2016.

<h2>258 City Road consultant team</h2>

<ul>
<li>Architects: Moull Murray Architects</li>
	<li>Developer: Altus Development Pty Ltd</li>
	<li>Project Managers: Gallagher Jeffs</li>
	<li>Structural Engineers: WSP Structural</li>
	<li>Civil Engineers: WSP Structural</li>
	<li>Building services: MacCormack</li>
	<li>ESD: Sustainable Development Consultants</li>
	<li>Traffic Engineers: Traffix</li>
	<li>Building Surveyors: BSGM</li>
	<li>Hospitality Consultant: LeisureCorp Enterprises</li>
</ul>
<h2>Double delight</h2>

In further news Moull Murray's initial design for Altus Development will proceed to construction after a lengthy pause in proceedings. Dubbed Altus Tower and located within Docklands, the 37 level building will see 266 PARKROYAL-designated hotel suites and 331 residential apartments included.

<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/image7altus.jpg" rel="gallery-all" title="The Altus is a go in the new year. Images courtesy Moull Murray"><img alt="" class="image-article-full-width-580px" height="263" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image7altus.jpg?itok=Vx5m94Sw" title="The Altus is a go in the new year. Images courtesy Moull Murray" width="580"></a>

<figcaption>The Altus is a go in the new year. Images courtesy Moull Murray</figcaption></figure>After a ground breaking ceremony held during October 2014, the site has seen little action since. A start on works is now expected in the new year with a build time of roughly 24 months for the project, meaning the opening of PARKROYAL Melbourne will be at least one year behind the initially anticipated completion date.

In addition to Altus Tower, Probuild will also undertake works on 258 City Road according to the developer's website.
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Moull Murray unveil a striking new 258 City Road

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The Southbank development scene is forever in a state of flux, with last week no exception. News has flowed through concerning three of postcode 3006's biggest and best high rise projects, with all three demonstrating a high level of design ability relative to their stubby neighbours.

Surrounded by a host of smaller residential towers (some of which have little to no aesthetic design merit), 258 City Road, 93-119 Kavanagh Street and Australia 108 at 70 Southbank Boulevard are set to further enhance the look of Southbank. While looks are one thing, 93-119 Kavanagh Street in particular is set to fundamentally change the feel of its surrounding street level public domain; a boost for what is currently an unappealing and underutilised area.

A brief overview events of the past week reads as follows:

<h2>258 City Road</h2>

<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/alt2343_cam_01.jpg" rel="gallery-all" title="Altus Developments' new City Road endeavour."><img alt="" class="image-article-full-width-580px" height="237" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/alt2343_cam_01.jpg?itok=jkAwH6kg" title="Altus Developments' new City Road endeavour." width="580"></a>

<figcaption>Altus Developments' new City Road endeavour.</figcaption></figure>Altus Developments has unveiled itself as the developer behind <a href="/buildings/home-southbank-256-260-city-road-southbank">256-260 City Road</a>. Moved on by Apex Vic Pty Ltd who gained approval for the skyscraper, the site is now set to host a 190 metre plus mixed use tower with a development value in the vicinity of $330 million.

12 levels of penthouses will crown the tower which was initially designed by Hayball and has since seen exterior adjustments to its appearance, resulting in a edgier design outcome. In addition Pan Pacific Hotels Group have committed to 130 serviced apartments within the project according to the developers website, with the balance set to be sold as private dwellings.

Probuild has been secured as the builder while Bella Charlton will handle project sales; identical to the team which Altus Developments put in place for their initial Melbourne high rise within Docklands.

<h2>93-119 Kavanagh Street</h2>

<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/image49_2.jpg" rel="gallery-all" title="Kavanagh Street is set for some activation"><img alt="" class="image-article-full-width-580px" height="301" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image49_2.jpg?itok=s2618pGL" title="Kavanagh Street is set for some activation" width="580"></a>

<figcaption>Kavanagh Street is set for some activation</figcaption></figure>Arguably Southbank's most impressive development in waiting, 93-119 Kavanagh Street has taken a leap toward approval. Last night the Future Melbourne (Planning) Committee sat with the knowledge that Melbourne City Council planners have recommended the six tower project for approval..

Subject to conditions sought by Melbourne City Council planners, the $1.15 billion project championed by Malaysian firm PJ Development Holdings is one step closer to replacing a long vacant block. Planning Minister Richard Wynne will have the final say regarding approval, although a green light from Melbourne City Council tends to be a very good indicator in the current environment.

93-119 Kavanagh Street's numbers are impressive: <a href="/news/southbank-set-to-gain-a-new-park">7,000sqm of open space</a>, 2,610 dwellings, 59,000sqm of commercial office space, 687 hotel suites, 10,090sqm of leasable retail space and 894 podium car parking spaces.

<h2>Australia 108 officially commences construction</h2>

<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/image48_2.jpg" rel="gallery-all" title="Australia 108 is on the rise. Image courtesy genesis"><img alt="" class="image-article-full-width-580px" height="389" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image48_2.jpg?itok=lcFAD4_b" title="Australia 108 is on the rise. Image courtesy genesis" width="580"></a>

<figcaption>Australia 108 is on the rise. Image courtesy genesis</figcaption></figure>Although equipment has been onsite for some time, yesterday marked the official launch of construction for the city's tallest building. The 319 metre Australia 108 will be delivered over five stages, with the final stage of the $500 plus build slated for delivery during 2020.

<blockquote>
This is a major milestone for the southern hemisphere’s tallest building, which will go where no development has ever gone before. The construction process will be complex, which is why we are proud to be working with Brookfield Multiplex – arguably Australia’s most experienced skyscraper builders.
<cite>Koh Wee Seng, Aspial CEO</cite>
</blockquote>

<blockquote>
Our appointment follows a fruitful Early Contractor Involvement process with World Class Land where we were able to build a partnership during the planning phase of the project and achieve the project deliverables. We look forward to successfully constructing this landmark tallest tower in the southern hemisphere for World Class Land.
<cite>Graham Cottam, Brookfield Multiplex Regional Managing Director</cite>
</blockquote>

<h2>Comment</h2>

It didn't seem all that long ago that Southbank received Planning Scheme Amendment C171 which cemented mandatory buildings heights in some areas, discretionary separation distances between towers and urban design provisions among other changes. At the time it was expected that the amendment would provide a more uniform tower height across Southbank.

Mercifully height variations have remained and many of the recent taller Southbank proposals are far superior in design and aesthetics to the earlier generic shorter Southbank 'boxes'. I suspect I am in the minority but a well designed tall tower should always usurp a squat, poorly designed building that adheres to a set height limit.

<a href="/new-apartments/elysium-54-clarke-street-southbank">Elysium</a> below is the prime example. Derided by Lord Major Robert Doyle as far too tall for its location, it is leaps and bounds ahead in terms of design ingenuity and quality. Elysium along with the three towers outlined above and projects such as Crown's <a href="/new-apartments/one-queensbridge-street-1-23-queensbridge-street-southbank">Queensbridge Tower</a> and <a href="/new-apartments/38-freshwater-place-southbank">38 Freshwater Place</a> maintain both height and exceedingly good design

Sometimes, just sometimes, height is not the devil it is made out to be.

<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/image1_1.jpg" rel="gallery-all" title="Elysium is not just another Southbank box"><img alt="" class="image-article-full-width-580px" height="328" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image1_1.jpg?itok=GPqUDC6R" title="Elysium is not just another Southbank box" width="580"></a>

<figcaption>Elysium is not just another Southbank box</figcaption></figure>
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