Abadeen has released the whole-floor penthouse crowning its recently completed <a href="https://www.apartments.com.au/buildings/park-residences-cremorne-2-sutherland-street-cremorne-nsw-2090">Park Residences</a> development in Cremorne, bringing the near-300 sqm residence to market for the first time.

Occupying the entire top floor of the boutique Lower North Shore development, the penthouse includes 221 sqm of internal living and a 74 sqm wraparound terrace, with a prized north-facing aspect taking in views across Middle Harbour.

The residence has been completed and fully furnished following a collaboration between Abadeen Executive Chairman Justin Brown and internationally recognised interior designer Jack Freeman, Founder and Managing Director of FREEMAN &amp; CO.

<a href="https://www.apartments.com.au/developers/abadeen">Abadeen</a> and Freeman approached the penthouse as a finished home, sourcing furniture, artwork, lighting and objects from Australia and overseas.

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[smartcode_project:default project_id=114246 project_image_fid=378718]

Pieces from Parisian design house Pierre Augustin Rose sit alongside contemporary artworks and bespoke lighting, with Freeman drawing on recent visits to PAD Paris and Salone del Mobile Milano for the final collection.

Brown said the aim was to create a penthouse that felt more like a large-scale private home than a traditional apartment.

"The experience begins the moment the lift doors open. You're welcomed into an elegant dining room before the home opens into an extraordinary living space framed by sun-drenched harbour views.

"Every time someone walks through the front door they pause. It's not just the view, it's the incredible sense of space, the warmth created by the northern sunlight that fills the interiors, and the way every room connects so effortlessly.

"It has all the proportions of a luxury home, while delivering the effortless lifestyle and personalised experience of living in a world-class six-star hotel, combined with the simplicity and convenience of apartment living."

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[smartcode_project:default project_id=114246 project_image_fid=378713]

A secure lift provides exclusive access to the penthouse level, opening to a dedicated arrival foyer and dining area before the residence expands into its main living and entertaining spaces.

Floor-to-ceiling glazing runs across the northern side of the home, connecting the interiors with the terrace and Middle Harbour outlook.

The penthouse also features a fireplace and substantial chef's kitchen, while the wraparound terrace has been designed to accommodate both everyday outdoor living and larger-scale entertaining.

[smartcode_project:default project_id=114246 project_image_fid=378720]

Freeman said the interiors had been deliberately kept restrained to complement the scale, natural light and outlook already established by the architecture.

"The penthouse is a serene study in quiet luxury," Freeman said.

"The interior pairs soft, sculptural forms with warm timber, pale stone and a restrained neutral palette. Curated artwork and metallic accents add depth, while abundant natural light creates a calm, effortlessly refined atmosphere. In my world, less is always more."

Freeman said the approach was centred around collecting individual pieces rather than simply decorating the apartment.

"Every material, every object and every piece of furniture has been curated with intention. I am a true believer in collecting versus decorating.

"The architecture already provided extraordinary natural light, remarkable volume and an uninterrupted connection to Middle Harbour. Our role was to complement those qualities with unique one-of-a-kind pieces of fine art and collectible design sourced from recent travels around the world."

[smartcode_project:default project_id=114246 project_image_fid=378694]

Among the collection are solid bronze sculptures by Lorenzo Quinn, alongside a curated crystalware collection and pieces sourced from international design fairs.

Park Residences sits opposite Cammeray Golf Club, Cammeray Croquet Club and Grand Slam Tennis Cammeray, around 300 metres from Neutral Bay Village and its established collection of restaurants, cafés and retail.

Brown said the combination of a whole-floor floorplan, northern aspect and proximity to Neutral Bay was becoming increasingly difficult to find on the Lower North Shore.

"Completed whole-floor penthouses with a sun-drenched north-facing aspect and sweeping Middle Harbour views are exceptionally rare," Brown said.

"Add a quiet position opposite golf, croquet and tennis facilities, a level walk to Neutral Bay Village and only minutes to the CBD, and you have a lifestyle that's incredibly difficult to replicate.

"This is a home that offers the privacy and generosity of a luxury residence together with the convenience of one of Sydney's best-connected harbourside locations."

The penthouse will be exclusively marketed by SRM Residential.

[smartcode_project_cta:default project_id=114246]

Joel Robinson

Abadeen unveils signature penthouse at Park Residences in Cremorne

New Brisbane developer Dalcott has unveiled Marrone, the first of three residential projects it is planning in and around Browning Street in South Brisbane.

<a href="https://www.apartments.com.au/new-apartments/marrone-south-brisbane-39-browning-street-south-brisbane-qld-4101">Marrone</a> will comprise 97 predominantly two- and three-bedroom apartments, with larger residences aimed squarely at the owner-occupier market.

The project will sit in a quiet pocket of South Brisbane between South Bank and West End, close to the restaurants, cultural attractions and riverfront amenity that have driven the suburb's continued transformation.

Dalcott is targeting buyers looking for more space and amenity than has traditionally been offered in the inner-city apartment market, particularly downsizers and professionals wanting to remain close to the city.

[smartcode_project:default project_id=149951 project_image_fid=377072]

Resident facilities will be concentrated around an extensive rooftop amenity offering, including a swimming pool, spa, infrared sauna, warm and cold magnesium plunge pools, private lounge, dining room and outdoor entertaining areas.

Dalcott Managing Director Lachlan Cottee said South Brisbane's combination of lifestyle, connectivity and established character had been central to the approach to Marrone.

“South Brisbane offers a combination of lifestyle, connectivity and character that’s difficult to replicate elsewhere in Brisbane,” Cottee said.

“Our focus has been on creating homes that feel connected to that environment while providing the level of design, functionality and quality that today's owner-occupiers expect.”

The residences will feature an expressive material palette. Italian Calacatta Viola marble, known for its deep burgundy veining, will be paired with aged brass tapware, Chestnut engineered timber flooring and Tuscan Oak joinery.

<img alt="Marrone" data-entity-type="file" data-entity-uuid="b8d833da-3b30-496a-ae30-07bdff371b50" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%2010.52.35%E2%80%AFAM.png?VersionId=P6DAgOfaQzIXljKKK5j3e5NhWtrHIu9G" />

Bathrooms will feature Nara Japanese ceramics and glass bricks, while clay, walnut and brass lighting will be used throughout the apartments.

Dalcott has appointed Realm Projects, led by Managing Director Shane Foley, to handle sales and marketing following previous sold-out collaborations between the groups.

Foley said the Brisbane apartment buyer had become increasingly focused on the quality of the home itself rather than simply securing an inner-city address.

“We expect to see strong demand from buyers who still want all the advantages of inner-city living but aren’t prepared to compromise on the quality of their home,” Foley said.

“Many will be downsizers looking to leave behind the maintenance of a traditional family home without giving up the space they enjoy, while others are likely to be professionals wanting a residence that reflects the way they live today.”

“Marrone responds directly to that demand, with generous floorplans, exceptional resident amenity and a location that places some of Brisbane’s best dining, entertainment and cultural attractions within walking distance.”

<img alt="Marrone" data-entity-type="file" data-entity-uuid="61f7b22f-899e-4c0f-940a-7d3ab1bfb93a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%2010.52.44%E2%80%AFAM.png?VersionId=PvN1JYxBgUpyCB7efKo52WGdSDs9nmim" />

Marrone will be the first project delivered as part of Dalcott's broader investment in the precinct.

It will be followed by La Terra, a boutique project comprising penthouse-style, single-level apartments on a northeast corner site with extensive resident amenity and city views.

Cottee said Marrone represented the first stage of the group's longer-term plans for the area.

Dalcott was established in 2025 by Lachlan Cottee and Ben Dalgliesh, combining development and construction capability under an integrated model and focusing on architecturally considered residential projects.

Marrone will initially be offered through a pre-release registration campaign ahead of its broader public launch.

Dalcott targets owner-occupiers with South Brisbane debut Marrone

Parnell Developments is the latest to seek significant uplift through the NSW Government's Housing Delivery Authority on a Strathfield site previously approved for a much smaller apartment development.

Parnell has sought approval for a 32-storey mixed use tower across&nbsp;<a href="https://www.apartments.com.au/new-apartments/7-lyons-street-strathfield-nsw-2135">3-7 Lyons Street and 18 Parnell Street</a>, a&nbsp;1,857 sqm site around 400 metres from Strathfield Station. The building would yield 160 apartments, 15 per cent of which will be dedicated affordable as per the government mandate for buildings seeking additional uplift.

Approved previously was a nine-storey building back in 2022 with just over 30 apartments. That approval came prior to the project being&nbsp;progressively reconsidered as planning policy shifted toward greater density around transport hubs.

<img alt="Strathfield" data-entity-type="file" data-entity-uuid="c5af5281-a643-4eb2-b8c4-0081b59c04c7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.16.48%E2%80%AFAM.png?VersionId=37bd3mI7rHNpThOV_75VO8xsGFwWOi1u" />

Turner has designed the latest building that would replace&nbsp;existing detached homes across the four lots.

The apartment mix comprises 22 one-bedroom apartments, 107 two-bedroom and two-bedroom-plus configurations, and 31 apartments with three or more bedrooms. The scheme also includes 203 car spaces across six basement levels and 58 bicycle spaces.

The proposal has been designed around a three-storey podium addressing Lyons Street, with the tower rising above and stepping toward its upper levels.

Turner said the podium was deliberately scaled to respond to the existing street, while the taller element has been designed as part of the emerging skyline anticipated around Strathfield Town Centre and the wider Homebush transport-oriented development precinct.

The Lyons Street frontage would have a more active, pedestrian-focused character, incorporating the commercial tenancy, landscaping and a brick-framed podium with an awning.

<img alt="Strathfield" data-entity-type="file" data-entity-uuid="14b20874-b8c3-4ac7-bc03-92be9a69fb78" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.17.48%E2%80%AFAM.png?VersionId=av.9TxtqIRTC6v3PkSuu1rL9rreWoe2h" />

Parnell Street, which faces the railway corridor, has been given a different architectural treatment, with double-height breeze blocks, landscaping and communal areas used to soften the interface with the rail infrastructure.

The tower itself uses curved and recessed facade elements, with wave-like indentations across the northern elevation breaking the building into three vertical forms.

A palette of grey concrete, brick and breeze blocks is complemented by clay and terracotta accents, while the upper tower adopts a lighter expression through articulated slab edges, vertical fins and recessed glazing.

Residents would have access to 467 sqm of communal open space spread across three levels. The ground floor would accommodate the more active resident areas, including barbecue and group gathering spaces and an internal communal room capable of being used for working from home.

A more passive viewing deck is proposed at level three, overlooking the ground-level landscaping and neighbouring tennis courts, while a rooftop "sunset deck" at level 30 would provide another social and relaxation space.

<img alt="Parnell" data-entity-type="file" data-entity-uuid="c3dce401-a80f-4682-8471-4caa01180880" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.17.34%E2%80%AFAM.png?VersionId=Xyo8JVqbOhSJXNy6Ih.1cHL.O6i0bGR." />

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Strathfield has been earmarked for substantial change through the Strathfield Town Centre planning work and the nearby Homebush TOD precinct.

Turner's report says the project has been designed to act as a transition between the existing low and mid-rise development surrounding the site and the taller built form expected to emerge across the town centre.

The proposal is being assessed as State Significant Development under the HDA pathway, alongside the concurrent request to amend the Burwood Local Environmental Plan.

First look: New apartment tower pitched for Strathfield Town Centre precinct

An $18 million penthouse has hit the market in Main Beach as construction tops out on La Mer, the $155 million apartment development rising just metres from the beach.

Spanning around 600 sqm across the top two levels of the 29-storey tower on Main Beach Parade, the four-bedroom penthouse is one of the latest eight-figure residences to test the upper end of the Gold Coast apartment market.

Its launch comes amid continued activity at the very top of the market, following the $30 million off-the-plan sale of a Burleigh Heads penthouse earlier this year, which surpassed the Gold Coast's previous $24 million apartment record set in 2023.

The <a href="https://www.apartments.com.au/new-apartments/la-mer-main-beach-3580-main-beach-parade-main-beach-qld-4217">La Mer penthouse</a> has been designed as a private residence in the sky, with 360-degree views spanning the ocean, Broadwater, hinterland and Gold Coast skyline.

[smartcode_project:default project_id=95606 project_image_fid=378731]

All four bedrooms have ensuites, while the ocean-facing master retreat occupies around half of the upper level and includes its own lounge, private balcony, two walk-in wardrobes and an oversized ensuite with a freestanding stone bath positioned to take in the views.

The residence also features a kitchen designed to accommodate a private chef, a 3.6-metre island bench, expansive butler's pantry, wine cellar and integrated bar.

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A rooftop pool and substantial outdoor entertaining area with its own kitchen sit above the residence, while a grand staircase connects the two internal levels. The penthouse also has its own express lift.

OTP Group Director James Elliott, who is marketing La Mer, said the penthouse was expected to appeal to high-net-worth buyers seeking either a permanent Main Beach residence or Gold Coast holiday home.

“The La Mer penthouse represents exceptional value, considering its quality design, size, privacy and location, not to mention the 360-degree views capturing the beach and Gold Coast Broadwater,” Elliott said.

“We’re anticipating interest from high-net-worth individuals and couples seeking a residence or holiday home in the sought-after village enclave of Main Beach, taking advantage of the unprecedented growth underway in the area and neighbouring The Spit.”

[smartcode_project:default project_id=95606 project_image_fid=378736]

La Mer is being developed by developer-builder ODUS and Nazero, in partnership with funder Metrics Credit Partners.

ODUS Director Byron Sakha said topping out the tower had provided the opportunity to release the project's most significant residence.

“We’ve worked with internationally-recognised studio Sici Design on the penthouse interiors, with a focus on ensuring it isn’t luxury for luxury’s sake. Every element has been thoughtfully designed to enhance quality of life for those who call it home,” Sakha said.

“The views are the hero of virtually every space, but we’ve given equal attention to the fittings and finishes, so every detail exudes elegance and refinement.”

Sici Design Founder and Director Maria Papadopoulos said the extensive views became an integral part of the interior design rather than simply something the residence was designed around.

“The views weren't something we designed around, they became part of the design itself, with the true luxury of La Mer in its feeling of peace, calm and wellbeing,” Papadopoulos said.

“Luxury isn't defined by how something looks, but how it makes you feel, and we believe a luxurious home should be beautiful to live in, not stressful to maintain.”

The interiors combine Austral Dream Dolomite natural stone and travertine with timber flooring and a restrained coastal palette.

[smartcode_project:default project_id=95606 project_image_fid=378734]

Designed by Plus Studio, La Mer is one of the more boutique additions to the rapidly changing Main Beach apartment market.

The tower comprises just 24 full-floor, three-bedroom plus multipurpose room apartments below the two-level penthouse, giving the project a considerably lower density than many of the larger towers being developed across the Gold Coast.

Residents will have access to a pool and spa, gym, sauna, barbecue facilities, private sun lounges, yoga lawn and outdoor beach shower.

The penthouse has been released as part of the final collection of residences at La Mer, with remaining apartments priced from $4.3 million.

Construction is expected to complete later this year, with a fully furnished display apartment now open on level four.

[smartcode_project_cta:default project_id=95606]

ODUS releases $18 million penthouse crowning La Mer Main Beach

<a href="https://www.apartments.com.au/developers/far-east-consortium">Far East Consortium</a> is preparing to commence construction on <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> this October, marking the next milestone for the Melbourne CBD development and its higher-end Eliza Collection.

Spanning levels 44 to 68 of the 68-storey <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed tower, the Eliza Collection has been conceived as a lower-density offering within the broader development, with only five apartments on each floor, dedicated lift access and a collection of resident spaces reserved exclusively for Eliza Collection residents.

The Eliza Collection forms part of Far East Consortium's broader move toward larger-format residences at 640 Bourke Street, where the number of apartments was reduced from earlier plans as apartment sizes increased.

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"What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Far East Consortium Director of Sales and Marketing Lauren Sheldon said.

Rothelowman Associate Jun Chang said the design process provided an opportunity to create more generous floorplans.

"We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."

[smartcode_project:default project_id=509 project_image_fid=368869]

That thinking carries through to the Eliza Collection, where the residences have been designed around the space and functionality associated with a larger home, but positioned high above the centre of Melbourne.

Kitchens are equipped with Gaggenau appliances, a butler's pantry, temperature-controlled wine cabinet and sculptural pendant lighting, while engineered timber flooring, stone and porcelain finishes and custom cabinetry feature throughout the broader interiors.

Privacy and security are another point of distinction. Eliza Collection residents have dedicated lift access, while 640 Bourke Street will provide concierge services and secure resident parking. Short-stay accommodation, including Airbnb, will not be permitted within the development.

[smartcode_project:default project_id=509 project_image_fid=365689]

Eliza Collection residents will also have exclusive access to selected amenity spaces across levels one and three of the restored Eliza Tinsley building. These include the Salon with grand piano, an art therapy room, private dining rooms and treatment rooms.

They sit within more than 3,000 sqm of amenity planned across 640 Bourke Street, alongside facilities including a pool, gym, whisky lounge and further social and wellness spaces.

The Eliza Tinsley building itself is central to the wider project's identity. Rather than treating the existing Eliza Tinsley façade as a separate element, Rothelowman used it as a starting point for the architecture of the new tower, with the historic building to accommodate the project's gallery and lobby.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

[smartcode_project:default project_id=509 project_image_fid=368872]

The tower will rise behind the retained heritage building at 640 Bourke Street, placing residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market and the Docklands waterfront.

With construction scheduled to begin in October, Far East Consortium has established an onsite display gallery at 640 Bourke Street, including fully built apartments that allow the project's layouts, materials and finishes to be inspected at full scale.

A fully built Eliza Collection apartment is also available to view at the display suite by appointment ahead of the planned October construction commencement.

Eligible purchasers who buy before construction commences can secure the full available off-the-plan stamp duty savings, subject to eligibility and applicable conditions.

[smartcode_project_cta:default project_id=509]

Far East Consortium brings Eliza Collection to 640 Bourke Street ahead of October construction start

St Kilda

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A retail property in Melbourne’s St Kilda leased to popular restaurant and bar Mr Wolf, run by celebrity chef Karen Martini, has been listed.   
The <a href="https://www.realcommercial.com.au/property-retail-vic-st+kilda-502602694" target="_blank">9 Inkerman Street</a> property comprises a large retail premises of 130 sqm and will be auctioned off on November 23 through Savills. 
The price expectations are at least $1.25 million,
The property is being marketed by Savills’ Clinton Baxter, Jesse Radisich and Mark Stafford.
Stafford said “we are expecting bidding of at least $1.25 million at auction, representing a compelling starting annual investment yield of 5% net.”
Baxter added that the property provides investors with a blue-chip investment within one of Melbourne’s most popular suburbs and one that is also securely leased to a well-established hospitality business. 
The restaurant, Mr Wolf, was established in 2004. The cooking show judge and author recently exercised the option for another five-year lease term that started in August, with two further five-year options to follow.
The rental is a conservative $63,000 per annum, with the tenant paying all usual outgoings, and there are fixed 3.5% annual rental increases.
Radisich expects the property to attract investors and self-managed superannuation funds wishing to secure a retail investment with guaranteed growth and a long history of strong trade.  
 
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St Kilda retail asset leased to top chef Karen Martini listed

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The St Kilda apartment of Comedy Festival director Damien Hodgkinson and Damien Easton, of the Melbourne Brain Centre, has been listed.
<a href="https://www.realestate.com.au/property-apartment-vic-st+kilda-126509566" target="_blank">The apartment in The George</a>, a heritage-listed 1850s building on Fitzroy Street, comes with $1.2 million to $1.3 million price guidance.
The three-bedroom, two-bathroom apartment known as the old “War Room” was once home to Jet frontman Nic Cester.
Cester had paid $485,000 in 2004, just after Jet rose to national prominence. He sold for $900,000 in 2010.
It comes with original floorboards, soaring ceilings and five fireplaces.
There is secure parking for two.
Offers are due October 31. 
The buyer has the first right of refusal to purchase the adjoining one-bedroom apartment, originally the servants' quarters.
Commercial zoning enables the property to be utilised as a bespoke design studio or artist's sanctuary.
The George was built in 1857 for wealthy holidaymakers.
In the 1980s it was the epicentre of the punk scene before undergoing its transformation in the 90's under late local legend, the restauranteur-turned-developer Donlevy Fitzpatrick who oversaw the restoration of the building.
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The War Room in St Kilda's The George listed for sale

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A four bedroom penthouse St Kilda apartment has sold for $3.61 million making it Melbourne’s most expensive weekend auction sale.
Located at <a href="https://www.realestate.com.au/property-apartment-vic-st+kilda-126255338" target="_blank">18/21 Marine Parade</a>, the property has views of the bay.
It features open plan living and dining area as well as quality kitchen.
There is an alfresco terrace for entertainment featuring its own side awnings and has potential to be converted into an indoor-outdoor room with the addition of an overhead louvre/roof.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/09/24/18_21%20Marine%20Parade-2.jpg" alt="">
An informal meals area and second terrace separate from the main living areas are also available.
Main bedroom features its own ensuite and views of the water along with two more bedrooms and another area that can either be converted into a study or fourth bedroom.
Other features includes three car spaces, two storerooms and laundry.
Acland Street, Tram Route 96 and St Kilda Botanical Gardens are within walking distance of the property.
The property was offered through Wilson agents Graeme Wilson and Sam Sanders.
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Four bedroom St Kilda penthouse apartment sold for $3.61 million

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The iconic Stanthorpe estate on St Kilda Hill, which was built in 1874 for Scotland-born merchant Andrew Sutherland, has been listed for sale.
Also known as Stafford House and The Manse, the double-storey mansion on a 2880 sqm Barkly Street parcel has in recent years been occupied as offices.
The arched entrance hall with Ferguson &amp; Urie stained glass window still has the Sutherland family crest.
An St Kilda commercial property has been listed for sale.
Located at <a href="https://www.realcommercial.com.au/property-offices-vic-st+kilda-502518158" target="_blank">42 Barkly Street</a>, the 1814 sqm property is currently a commercial zone 1 landholding.
There is off-street parking for 25 plus cars as well as access via St Kilda Road.
The property has a wide variety of potential including owner occupier, corporate or organisation headquarters, medical offices, gallery or hospitality or residential (STCA).
 
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jrobinson-rf4aSBido9

Stanthorpe estate on St Kilda Hill listed

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Retired St Kilda footballer and coach Grant Thomas and his wife Kerry have sold in Brighton.
They had $9 million-plus hopes for their non-waterfront that sold for $9.1 million.
The six-bedroom, eight-bathroom abode came with a separate studio on its 1443-square- metre block.
The home also configured with a pool, spa and tennis court, was built after the block cost $2.44 million in 2001.
Its build features on the website of Loewe Projects, a prestige building company owned by another St Kilda ex-footballer, Stewart Loewe.
Kay &amp; Burton marketed the home.
Thomas has enjoyed a media career on the AFL since his retirement in 1985. He was coach at St Kilda for five years until 2006.
The couple retain a Great Ocean Road property in Johanna.
This article first appeared in The Weekend Australian Mansion Australia section.
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Retired St Kilda footballer and coach Grant Thomas sells in Brighton

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The 420 St Kilda Road, Melbourne office block is under offer.
The developer CEL Australia, an offshoot of Singapore listed property group Chip Eng Seng, had $65 million-plus hopes for the 10-level office building.
It last traded at $45 million for in December 2013 when <a href="https://www.realcommercial.com.au/property-offices-vic-melbourne-500937343" target="_blank">the Savills marketing</a> noted the 10,528sq m space had a net passing income of $3,675,000 per annum.
CEL listed it in the hope of capitalising on the recent strong performance of the St Kilda Road office precinct where residential conversion has helped drive down the vacancy rate from a peak of 14.2 per cent to six per cent over recent times.
The 420 St Kilda Road spaces serves as CEL's local head office alongside tenants, ANZ Bank and APP Corporation.
The corner site of 2,286sq m came with 105 metres of total street frontage to St Kilda Road and Kings Way.
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CEL's 420 St Kilda Road under offer

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Acland Street has always distinguished itself as one of Melbourne's more divergent strips.

It is also the starting point for Tram 96, which sees in excess of 30,000 individuals utilising Acland Street each week. Despite concerns from traders and local residents regarding the strip's overhaul, regeneration works were carried out over the course of 2016.

Tram 96's high patronage required that Public Transport Victoria carry out necessary infrastructure works, thus prompting Council to initiate the mass overhaul of Acland Street. Encapsulating the stretch between Carlisle and Barkly Streets, the overhaul's main aim was to "become an exemplar of innovative place and transport integrated urban design."

City of Port Phillip, Public Transport Victoria and Yarra Trams went about creating a new and inviting integrated streetscape.

<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_7.jpg" rel="gallery-all" title="Number 96 in its new surrounds. Image: John Gollings"><img alt="" class="image-article-full-width-580px" height="358" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image69_7.jpg?itok=7SxKrcRn" title="Number 96 in its new surrounds. Image: John Gollings" width="580"></a>

<figcaption>Number 96 in its new surrounds. Image: John Gollings</figcaption></figure>Multi-disciplinary design studio McGregor Coxall and BKK Architects were installed by City of Port Phillip as design leads only seven months prior to the targeted (and achieved) opening of the terminus. According to McGregor Coxall, "a team-based approach was applied to design, spearheading a multi-disciplinary team of consultants and stakeholders including Northrop Engineers, Relume Lighting, Morris Accessibility Consultant’s, PTV, Yarra Trams and the City of Port Phillip."

At the heart of the design was the desire to create a best-practice and more adhesive urban outcome, with the integration of transport infrastructure and a new public realm critical.

<blockquote>
‘Kerb to kerb’ thinking was replaced with a ‘façade to façade’ approach that ensured a seamless and fully integrated design of the terminus into its public surrounds, blurring the boundaries between street and infrastructure. By relocating the terminus a new plaza was created, designed as an open community canvas, robust and flexible to offer a wide range of community and arts events.

Overall, a net gain of 30% additional pedestrian space has been reclaimed by the proposal.
<cite>McGregor Coxall</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/image76_4.jpg" rel="gallery-all" title="The new Acland Street in action. Image: John Gollings &amp; Christian Borchert"><img alt="" class="image-article-full-width-580px" height="471" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image76_4.jpg?itok=6GDRq-ef" title="The new Acland Street in action. Image: John Gollings &amp; Christian Borchert" width="580"></a>

<figcaption>The new Acland Street in action. Image: John Gollings &amp; Christian Borchert</figcaption></figure><blockquote>
The design was closely developed and tested with suppliers in an attempt to de-risk the delivery of the project on all levels. Ongoing community consultation, short tracked approval processes with all authorities and stakeholders ensured the development of a streetscape that met all demands and expectations, while maintaining a holistic design approach right to the end.

This included the customisation of standard PTV approved furniture and platform processes in an attempt to de clutter and de-barrier the streetscape resulting in a seamless and border free urban environment.
<cite>McGregor Coxall</cite>
</blockquote>

Large bluestone circles set across the streetscape are designed to evoke the idea of bubbles, "tying the street conceptually to St Kilda beach - the foam of the sea, sparkling sand crystals, the rising bubbles in your drink on the beach." The circular pattern also affirms the area's individual identity and provides a contrast to City of Melbourne and its rectangular geometry.

Yarra Trams CEO Nicolas Gindt said: "Yarra Trams is proud to work in partnership to create places for people. This plaza project offers new vitality and accessibility to an urban space, and we are happy to see it already being used by its community."

<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/image80_2.jpg" rel="gallery-all" title="Acland Street in action. Image: City of Port Phillip"><img alt="" class="image-article-full-width-580px" height="370" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image80_2.jpg?itok=maFhe4JQ" title="Acland Street in action. Image: City of Port Phillip" width="580"></a>

<figcaption>Acland Street in action. Image: City of Port Phillip</figcaption></figure>It is perhaps the constant and varied use of the new space as a result of the development that is Acland Street redevelopment's best aspect.

McGregor Coxall maintain the new Acland Street is a genuine public space which invites local residents and visitors to enjoy, showcase local art, culture, performances and pop-up events. To that end the strip has and become a focal point for community activity within St Kilda, with music events, yoga classes and art installations featuring since its completion.

‘Vibrant Acland Seed Grants’ provides funding to those wanting to initiate activities in the new plaza across a programme that will span 2017.

Over recent months Acland Street has been home to Regenesis, a public art work consisting of a woven bamboo chamber coupled with a light and sound installation which intends to draw attention to climate change. Its tenure was elongated due to positive public feedback.

The prompt delivery and continuing diversity of Acland Street's regeneration is a benchmark for other similar projects across Melbourne. Here's hoping they are delivered in a similarly timely manner.

<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/image78_1.jpg" rel="gallery-all" title="Regenesis by Cave Urban. Image: artclimatechange.org"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image78_1.jpg?itok=YGNS0jnz" title="Regenesis by Cave Urban. Image: artclimatechange.org" width="580"></a>

<figcaption>Regenesis by Cave Urban. Image: artclimatechange.org</figcaption></figure>
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silvermb

Concept to reality: Acland Street's rejuvenation in review

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It's become a bit like a five setter.
The tennis legend Lleyton Hewitt and wife Bec now have new estate agents marketing their redundant luxury St Kilda Road, Melbourne penthouse offering.
It is the third change of estate agents during its <a href="https://www.realestate.com.au/property-apartment-vic-melbourne-125699578" target="_blank">on-off-on six year listing</a>.
There's been no recent asking price amendment which remains at $10 million plus.
Their redundant Yve apartment does comes with a freshened look since the former Sydney based couple have moved out to their recently acquired Toorak manor house.
Gone is the dominant red furniture replaced by decor with more welcoming cream and light colours. 
The pool table has stayed with the listing through WhiteFox agent Ryan Fisher.
The initial agents listed the apartment in 2011 asking $15 million for the two level apartment with 740 sqm internal space, 440 sqm balcony space and an eight car garage.
The price was dropped by $5 million in 2014.
For many years when the family was based in the Bahamas, the vast pad was rarely used.
Hewitt bought the apartments on level 19 and 20 for a $8.325 million total in 2004 shortly before their a whirlwind romance in 2005 when was a Wimbledon champion and she was a star of the enduring soapie, Home and Away.
The Hewitts quit their Sydney property portfolio, selling their luxury Kenthurst acreage for $5 million late last year in a quick sale.
The Hewitt's since moved into a new Georgian mansion, without any tennis court, in the bluechip Toorak paying $12.7 million through Sotheby's agent Phillip French.
The Yve penthouse is not Hewitt's first extended property marketing offering.
His hometown Adelaide property took six years to sell at West Lakes.
This article first appeared in the Sunday Telegraph.
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New agents marketing Lleyton Hewitt's Melbourne penthouse

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Melbourne Cup winning jockey Michelle Payne has sold her St Kilda investment apartment for $450,000.
Payne, who famously rode Prince of Penzance to success in the 2015 Melbourne Cup despite being a $100 outsider, has made a loss on the apartment she bought off the plan for $463,000 in 2014.
Set in the <a href="https://www.realestate.com.au/sold/property-apartment-vic-st+kilda-124693306" target="_blank">STK development on St Kilda Road</a>, the apartment has one bedroom and an undercover balcony with views to the Dandenong Ranges.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/08/Payne2.jpg" alt="" style="font-size: 12.16px;">
The recent sale through McGrath St Kilda agents Michael Townsend and Cristina Wills came when its price was dropped from $479,000 on its initial February listing to $460,00.
Last month Payne was honoured with the Longines Ladies Award in Washington DC for her achievements in equestrian sports.
Her historic Melbourne Cup win, which made her the first female to win the iconic race, is set to be adapted into a film.
The $15 million film, titled Ride Like A Girl, will be directed by acclaimed Australian actor Rachel Griffiths.
Payne has decided she will stop riding at the end of next year.
 
 
 
 
 
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Melbourne Cup winning jockey Michelle Payne sells St Kilda investment

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Round The Twist author Paul Jennings and actor Mary-Anne Fahey have sold their four-bedroom St Kilda property, in advance of its scheduled auction through Whitefox Real Estate. The home at <a href="https://www.realestate.com.au/property/20-acland-st-st-kilda-vic-3182">20 Acland St</a> sold for an undisclosed amount between its $1.9 million to $2.09 million asking price, after two early offers had been made. 
It is located only one block from the St Kilda beach foreshore.
Built in Art Deco style, the terrace home offered two master wings with their own walk in robe and ensuite. 
Downstairs includes multiple living zones with an open fireplace, centrally located kitchen, guest bedroom and bathroom with laundry. An open plan family room opens onto a private courtyard garden which captures the North-East sunlight. 
Jennings has sold more than 8.9 million books, including Unreal!, Grandad’s Gifts, The Cabbage Patch Fib, The Gizmo and Round the Twist, which spawned an iconic TV series.
The couple, who originally paid $1.55 million for the house, are looking to downsize to a single-level home.
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