A collection of just 25 large-format apartments and penthouses overlooking Goodwin Park is entering the Coolangatta market, with <a href="https://www.apartments.com.au/new-apartments/marea-residences-coolangatta-27-27a-dixon-street-coolangatta-qld-4225">Maréa Residences</a> combining a low-density, residential-only approach with uninterrupted park and Pacific Ocean outlooks.

Located at 27 Dixon Street, Maréa comprises three and four-bedroom residences alongside a limited number of dual-level penthouses, with the project positioned between Goodwin Park and <a href="https://www.apartments.com.au/developments/coolangatta-qld-4225">Coolangatta</a>’s coastal precinct.

Construction has commenced, with completion currently estimated for late 2027. Three-bedroom residences are priced from $1.8 million.

[smartcode_project:default project_id=150999 project_image_fid=374005]

The project has been designed around its northern outlook across the park, with the building’s architecture, landscaping and material palette intended to establish a connection with the neighbouring green space. The residences have been configured to maximise natural light and views across Goodwin Park towards the ocean.

Inside, the material palette incorporates timber, stone and brushed brass, complemented by curved detailing and ambient lighting. Kitchens and bathrooms carry the same natural material approach, while residences also include basement parking, storage and lift access.

Maréa’s penthouses are arranged over two levels and include private pools, adding another layer to the project’s focus on larger-format apartment living. Across the development, residences are configured with three or four bedrooms rather than the broader mix of smaller apartment types commonly found in larger projects.

[smartcode_project:default project_id=150999 project_image_fid=374010]

Resident amenity is concentrated at rooftop level, where landscaped entertaining terraces and pools take advantage of elevated views across Coolangatta and the Pacific Ocean.

The project has so far been particularly well received by local owner-occupiers and downsizers, according to Urban Activation Property Sales and Marketing Director Matt George, with the residential-only format, construction quality and northern park outlook among the features resonating with purchasers.

“The uninterrupted northern aspect overlooking Goodwin Park has been a key point of difference, with buyers attracted to the sense of serenity and open space the park provides, while still enjoying easy access to the ocean and being within walking distance of the lifestyle and amenities Coolangatta has to offer,” George said.

[smartcode_project:default project_id=150999 project_image_fid=374002]

“The combination of high-quality construction, a residential-only building, park outlook and proximity to the beach has resonated strongly with the local downsizer market.”

The Dixon Street address is within walking distance of Coolangatta Beach and the broader southern Gold Coast coastline, including the surf breaks at Snapper Rocks and Kirra. Coolangatta’s cafés, restaurants and retail are nearby, while Gold Coast Airport is also within close proximity.

[smartcode_project_cta:default project_id=150999]

Joel Robinson

Maréa Residences brings parkside apartments to Coolangatta

Melbourne developer PDG has secured Victorian Government approval for its $1.5 billion Southbank development <a href="https://www.apartments.com.au/new-apartments/the-one-1-queens-bridge-street-southbank-vic-3006">The One</a>, clearing the way for the long-dormant riverfront site opposite Crown to finally be developed.

The Minister for Planning has approved the project at 1-29 Queens Bridge Street, with the Department of Transport and Planning issuing the planning permit following its assessment.

The approval will allow PDG to develop the prominent 5,059 sqm site with a major mixed-use tower comprising premium apartments, including branded residences, a luxury hotel and boutique office space.

PDG acquired the site in late 2024, with its position directly opposite Crown's main entrance and near Melbourne's Arts Precinct making it one of Southbank's most significant remaining development opportunities.

<img alt="PDG" data-entity-type="file" data-entity-uuid="3933013e-6332-4386-b9be-089df05caf17" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.22%E2%80%AFAM.png?VersionId=sITIgBqDL0N3VNSMwWEmF5UA.uvcsRyu" />

Designed by COX in collaboration with ODO and PDG, the tower's architecture draws on the movement of the Yarra River, with six vertical pleats running the height of the sculpted facade.

The project will also see the heritage-listed Queens Bridge Hotel restored and incorporated into the development&nbsp;with new hospitality and public uses, including a rooftop venue.

A significant component of The One will be its residential amenity.

More than 5,000 sqm of resident facilities will be delivered across a single level, making it one of the largest consolidated residential amenity offerings proposed in an Australian apartment development.

The planning approval also incorporates a major upgrade of Queensbridge Square, which PDG will deliver in partnership with the City of Melbourne.

<img alt="PDG" data-entity-type="file" data-entity-uuid="73167fcd-1031-4b6f-a408-a064cfe45ed1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.17%E2%80%AFAM.png?VersionId=Pf1AEWxw6SNmBqR0zQW5lyEze.MtxgFp" />

The existing square will be revitalised as a new civic and pedestrian space along the Yarra River, strengthening the connection between the project, Southbank and the riverfront.

PDG Founder and Managing Director Vince Giuliano said the approval represented a major milestone for a site which has remained largely underutilised for more than 15 years.

“This is the most significant Planning Permit approval Melbourne has seen in recent years,” Giuliano said.

“For more than 15 years, this site has remained underutilised. This approval enables us to deliver a project that will contribute meaningfully to the revitalisation of Southbank, restore and reactivate an important heritage building, and create a new civic and hospitality destination for Melbourne.”

The latest approval follows an earlier planning permit issued by the City of Melbourne covering demolition works across part of the site at 9-29 Queens Bridge Street. Those demolition and early works are already underway.

PDG has also started generating early interest in the residential component from owner-occupiers ahead of a planned public launch in early 2027.

PDG secures approval for $1.5bn Southbank apartment development, The One

Local developer Harridan is seeking to turn its Woolloongabba apartment project into the first stage of a broader transformation of Burke Street, using a new 16-storey mixed-use building to establish a greener pedestrian connection toward the rapidly evolving Boggo Road transport and knowledge precinct.

The South East Queensland developer has filed plans for 154 apartments on the <a href="https://www.apartments.com.au/new-apartments/4-burke-street-woolloongabba-qld-4102">southern side of Burke Street</a>, where its proposal has been designed alongside a wider vision by LatStudios for the street.

That vision positions the southern side of Burke Street for buildings of 15 storeys and above, while envisaging lower-rise development of up to five storeys on the northern side to transition into Woolloongabba's existing character housing. It also proposes wider pedestrian verges, deep planting, new street trees and upgrades to the pedestrian approach to Boggo Road Station.

The Harridan development itself has been designed by Brisbane-based Arqus Design and will comprise 154 apartments across 16 storeys. The mix is weighted heavily toward two-bedroom apartments, with 121 proposed alongside 10 one-bedroom and 23 three-bedroom residences. There will typically be around 14 units per floor.

A lower-ground car park and three podium levels will accommodate 156 resident parking spaces, along with visitor and commercial parking. There will also be 154 resident bicycle spaces and 40 visitor bicycle parks.

&nbsp;

Harridan is a family-owned developer and part of the Holmwood Highgate Group, with more than three decades of development activity across South East Queensland. Its portfolio spans residential, commercial and industrial property, with current residential projects including Riverbank on Byron in Bulimba, Esperance Residences in Carina and The Precinct at Kinross Road in Thornlands.

Wooloongabba has been popular for apartment developers, particularly since the announcement of the 2032 Summer Olympics games in Brisbane.

While there have been a lot of development applications, it has failed to materialize into real supply.&nbsp;

Sarazin has been the major player in the area. They are under construction at Murcia Residences, on the fringe of East Brisbane and Woolloongabba. They have just launched <a href="https://www.apartments.com.au/new-apartments/the-stanley-residences-woolloongabba-8-trafalgar-street-woolloongabba-qld-4102">The Stanley Residences</a>, in Woolloongabba on Trafalagar Street. They also have Nuage coming soon on the nearby <a href="https://www.apartments.com.au/new-apartments/nuage-woolloongabba-14-wellington-road-woolloongabba-qld-4102">Wellington Road</a>.

First look: Harridan plans Burke Street transformation beside Boggo Road transport hub

IN BRIEF

<ul>
	<li>
	Just three double-storey Sky Homes sit at the top of The Waterline, each with its own private marina berth and rooftop terrace.
	</li>
	<li>
	Construction on The Waterline is complete, with the first residents expected to move in from mid-October.
	</li>
	<li>
	Sky Homes range from 282 sqm to 367 sqm and are priced from $3.65 million.
	</li>
</ul>

<hr />
Lewis Land has opened the first completed sky home for inspection at Harbour Shores, giving buyers their first opportunity to step inside one of just three double-storey residences crowning The Waterline.

Each sky home comes with its own private marina berth, rooftop terrace and Broadwater views, combining the scale of a larger home with direct access to the boating lifestyle that underpins the wider <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplan.

[smartcode_project:default project_id=113271 project_image_fid=366708]

Lewis Land Head of Development Michael Long said the inclusion of a berth with every Sky Home had become increasingly valuable as marina access across the Gold Coast tightened.

“Marina berths are becoming increasingly difficult to secure across the Gold Coast, so including one with every Sky Home makes this a genuinely rare offering,” Long said.

“The private 70-berth marina will accommodate boats up to 12 metres in length and is positioned just 2.5 kilometres from the Broadwater, placing the open ocean only 15 minutes away.

“Being able to step out of your home onto your boat is a rare luxury, and it’s something residents here can look forward to when it opens later this year.”

[smartcode_project:default project_id=113271 project_image_fid=366709]

The display opening comes as construction completes on The Waterline, with the first residents expected to move in from mid-October.

The three Sky Homes range from 282 sqm to 367 sqm and each feature three bedrooms, three bathrooms, multiple living zones, expansive kitchens with butler's pantries and large balconies taking in the Broadwater outlook.

Each residence also has three secure basement car spaces and additional storage.

“This is the first opportunity the Gold Coast has had to step into Harbour Shores and see, touch and feel what we’re bringing to life here,” Long said.

“There are only three Sky Homes within The Waterline, ranging in size from 282sqm to 367sqm, with each residence featuring three large bedrooms, three bathrooms, multiple living zones, expansive custom-built kitchens with butler’s pantry, and large balconies capturing Broadwater views.”

<img alt="Harbour Shores" data-entity-type="file" data-entity-uuid="bab65e10-4fab-45e1-92d8-fc56e2ab98ff" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%202.00.16%E2%80%AFPM.png?VersionId=XT8q76LsPkw3cYTsvN3JfFDaPLud90PN" />

Residents of The Waterline will have access to a private pool, along with Harbour Shores' wider collection of amenity including a lagoon pool, social clubhouse, tennis court, gym, yoga facilities and sauna.

Lewis Land partnered with Studio Collective to furnish the completed display, with the interiors designed to demonstrate how the residences could function as permanent homes rather than simply as show apartments.

Studio Collective Director Melissa Park said the surrounding waterways informed the interiors, but in a more restrained way than a traditional coastal scheme.

“We drew inspiration from the canals and coastal surrounds, but our approach was to interpret that subtly through layered materials and a grounded palette of earthy tones, rather than literal coastal references,” Park said.

“We introduced hero moments of green and teal to reference the surrounding waterways, while mirrored elements help reflect natural light.

“The result is a residence that feels elevated yet comfortable, somewhere buyers can genuinely imagine themselves living, entertaining and unwinding.”

Sky Homes are priced from $3.65 million.

Lewis Land is also offering private marina berths with The Residences, its limited collection of three and four-bedroom villas positioned directly along the Harbour Shores waterfront boardwalk.

Three-bedroom villas are priced from $2.99 million, while four-bedroom residences start from $3.19 million.

Harbour Shores is being marketed by Colliers International.

[smartcode_project_cta:default project_id=113271]

Lewis Land opens sky home display as The Waterline completes at Harbour Shores

St Vincent de Paul Society Housing Australia has filed plans for a major mixed-use housing precinct on the southern edge of the North Sydney CBD, adding another significant proposal to a pocket around North Sydn​ey Station that is quickly becoming one of the LGA's busiest development zones.

The State Significant Development Application covers a 5,990 sqm site at <a href="https://www.apartments.com.au/new-apartments/1-19-mackenzie-street-lavender-bay-nsw-2060">1-19 MacKenzie Street and 211 Blues Point Road in Lavender Bay</a>, immediately south of Nor​th Sydney Station and between the commercial core and the lower-rise Lavender Bay Heritage Conservation Area.

Designed by Wardle, the proposal would deliver a new residential tower comprising 88 build-to-sell apartments and 19 affordable apartments, alongside a separate co-living building with 57 rooms and a building manager's studio.

It would also see the significant restoration and upgrade of St Francis Xavier Catholic Church, the adaptive reuse of the former school building, new parish facilities, retail, a new public square and around 1,000 sqm of publicly accessible open space.

<img alt="Vinnies North Sydney" data-entity-type="file" data-entity-uuid="d5dd7f87-a617-463e-b577-17541e01f0e9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%209.10.13%E2%80%AFAM.png?VersionId=4R8TsFN3P_LrrXO2HswTOIrx2blil8lh" />

The project is seeking a concurrent rezoning of the site to R4 High Density Residential and an increase in the maximum building height to allow a tower reaching RL120, or up to 20 storeys. The proposal was progressed through the NSW Government's Housing Delivery Authority pathway.

The build-to-sell component will be weighted toward larger apartments, with just six one-bedroom apartments compared with 31 two-beds, 43 three-beds and eight four-bedroom residences.

The 19 affordable apartments will comprise two studios, 15 one-bedroom apartments and two two-bedroom apartments, taking the total apartment component to 107 residences before the 58 co-living rooms are included.

<img alt="Vnnies" data-entity-type="file" data-entity-uuid="7d568ca5-cb90-4e18-96c6-d9795dba0c56" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%209.10.05%E2%80%AFAM.png?VersionId=GY2R5M9VtQh0EKy1vajaea19PSLOPuRD" />

Wardle's design for the Vinnies site has sought to negotiate that emerging high-rise context while retaining the lower-scale character of MacKenzie Street and the adjoining heritage conservation area.

The main building adopts a three-storey podium and tower arrangement, with the podium aligned to the ridgeline and front setback of St Francis Xavier Church.&nbsp;Wardle has designed the podium with colonnades, seating, recessed entries and active ground-floor frontages, with sandstone-toned precast concrete and face brick referencing the materiality of the existing church.

The tower then steps back eight metres to the south and six metres to the north before rising in a sculpted form comprising four interlocking quadrants. Wardle has also introduced rounded forms and chamfered corners to reduce the tower's perceived bulk and improve view sharing with neighbouring development sites.

Resident facilities and outdoor areas are planned at the separation between the podium and tower at Level 3, oriented toward Sydney Harbour and the CBD skyline.

The tower itself will feature a glass reinforced concrete facade, with recessed balconies and deep reveals used both to provide shading and privacy and frame views toward the harbour and city. The lower levels take a different architectural approach, using brick and sandstone-toned finishes intended to establish a stronger relationship with St Francis Xavier Church. The Church itself will be conserved and upgraded for its continued use, while the former school building will be adaptively reused as part of the co-living component.

<img alt="Lavendar Bay" data-entity-type="file" data-entity-uuid="2d4418ad-90aa-4d49-af93-c80b140aea80" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%209.09.47%E2%80%AFAM.png?VersionId=Kv4gzbsACaGvZSRuaqcfGC54jEJRXIDJ" />

&nbsp;

The proposal adds to an increasingly concentrated pipeline of residential development around Blue Street, MacKenzie Street and Lavender Bay.

Just west of the site, Central Element lodged plans earlier this year for one of the most significant residential developments proposed in Lavender Bay in recent years.

Central Element's SJB-designed scheme at 64-66 Lavender Street and 3-7 Middlemiss Street would deliver 163 apartments across two towers rising 23 and 32 storeys, replacing five existing apartment buildings containing 32 homes. The project also forms part of the Housing Delivery Authority pathway.

<a href="https://www.apartments.com.au/news/nsw/first-look-central-element-reveals-lavender-bay-apartment-plans?utm_source=chatgpt.com" rel="noopener" target="_blank">First look: Central Element reveals Lavender Bay apartment plans</a>

Immediately around North Sy​dney Station, another two significant proposals have emerged at 5 and 15 Blue Street.

Zurich Australian Insurance Properties is seeking to adaptively reuse its longstanding commercial building at 5 Blue Street, directly above North Sydney Station, rather than demolishing the structure.

Its SSDA proposes converting the building into a 14-storey mixed-use development with 62 apartments and 86 co-living rooms, together with ground-floor retail and a major refurbishment of Blue Street Plaza. The application is currently at the Response to Submissions stage.

<a href="https://www.apartments.com.au/news/nsw/first-look-zurich-targets-north-sydney-office-conversion-with-148-unit-proposal-above-metro-station">First look: Zurich targets North Sydney office conversion with 148-unit proposal above Metro station</a>

&nbsp;

First look: Vinnies files for 20-storey Lavender Bay apartment tower as North Sydney housing pocket heats up

Sydney

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Developer Deicorp has got approval for the first part of its $400 million mixed-use project in Sydney’s Westmead.
The West Joint Regional Planning Panel gave its nod to Deicorp’s first half of Highline Westmead at <a href="https://deicorpproperty.com.au/property/westmead/" target="_blank">151 Hawkesbury Road</a>. It will comprise 556 apartments and the cost of construction is pegged at $168 million.
Overall, the $400 million project will include residential, medical, university and a retail precinct in Westmead, the first of its kind in Australia, The Australian Financial Review reported.
Application for the second part is pending and is on exhibition with Parramatta City Council. That will allow the construction of another 344 units and cost $113 million.
Apartments will come in a mix of studios, one-, two- and three-bedroom units. There will also be a communal kitchen, dining and barbecue areas and a rooftop garden.
The whole development spans four hectares.
Deicorp bought the sites through an expressions-of-interest campaign from Western Sydney University in late 2015.
The project is being designed by Turner Architects, and it will have a light rail station in front of the site as part of the new Parramatta Light Rail.
There will be spaces for medical support services and community facilities such as childcare centres, the AFR said.
The heritage-listed St Vincent's and Farmhouse buildings on the site will be retained.
Deicorp managing director Fouad Deiri said previously the company would embark on a sales strategy that limited foreign buyers to 50 per cent of the project. Strong local demand for the project is expected.
 
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jonathanchancellor-7SQnKwU6yx

Developer Deicorp gets approval for stage one of Westmead apartment project

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The City and Inner South had the highest weekend auction clearance rate in Sydney, according to CoreLogic’s latest report.
The property data firm says that 80.6% of its 67 auctions were cleared.
This is followed by Baulkham Hills and Hawkesbury with 79% and the Eastern Suburbs, North Sydney and Hornsby with 77.4% each.
<a href="https://www.propertyobserver.com.au/images/2017/08/28/Screen%20Shot%202017-08-28%20at%2011.28.43%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/08/28/Screen%20Shot%202017-08-28%20at%2011.28.43%20am.jpg" alt="">
Sutherland had only 57.5% of its auctions cleared.
A two bedroom apartment at <a href="https://www.realestate.com.au/sold/property-apartment-nsw-enmore-126042958" target="_blank">1/21-27 Tupper Street</a>, Enmore (above) was sold for $818,000.
Built in 1977 it last sold in 2000 for $111,000.
Another two bedroom apartment at <a href="https://www.realestate.com.au/sold/property-apartment-nsw-erskineville-126071874" target="_blank">4/116 Swanson Street</a>, Erskineville (below) was sold for $987,000.
Built in 1996 it last sold for $580,000 in 2009.
<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/2017/08/28/4_116%20Swanson%20Street.jpg" alt="">
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j.ballantyne1990-6AQqhLzZaK

Sydney's city and Inner South scores 80% weekend auction clearance rate: CoreLogic

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Sydney has the highest growth in total property listings, according to CoreLogic’s latest report.
The property data firm says that over the past 12 months the number of total listings has risen by 16.1%.
Canberra takes second place with a total listing rise of 6.7%.
<a href="https://www.propertyobserver.com.au/images/2017/08/28/Screen%20Shot%202017-08-28%20at%201.23.11%20pm.jpg" target="_blank">Click to enlarge</a>
<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/2017/08/28/Screen%20Shot%202017-08-28%20at%201.23.11%20pm.jpg" alt="">
However Darwin takes top spot for the highest growth in new fresh listings with 15.8% growth in the past 12 months, albeit a very small offering.
Hobart has biggest decline of total listings with a decline of 31.7% in the past 12 months.
A four bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-marayong-126273506" target="_blank">27 Daraya Road</a>, Marayong, NSW (above) has been listed for between $795,000 to $845,000.
A three bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-winmalee-126272774" target="_blank">2 Nicole Place</a>, Winmalee, NSW (below) has been listed for $679,000.
<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/2017/08/28/2%20Nicole%20Place.jpg" alt="">
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Sydney total listings rises by 16%: CoreLogic

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The City of Sydney today released an updated design for Cloud Arch – its ambitious new public artwork outside Sydney Town Hall, to be built by March 2019.
Designed by visionary Japanese artist and architect Junya Ishigami, Cloud Arch is a majestic steel arch that will soar 58 metres above George Street and increase Sydney’s pulling power on the global tourism stage, similar to Chicago’s Cloud Gate and St Louis’ Gateway Arch.
When complete, the sculpture will span from the QVB across George Street to the intersection with Park Street, with light rail and pedestrians moving underneath.
Lord Mayor Clover Moore said the construction of Cloud Arch symbolises the moment the city centre finally becomes a people’s place.
“Making our city work better for the people in it every day has been a key priority over the last decade and the light rail project is a big part of that,” the Lord Mayor said.
<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/2017/08/25/Cloud%20Arch%202.jpg" alt="">
“Light rail and the transformation of George Street finally gives our city centre a true people’s place where the pedestrianised George Street meets Sydney Town Hall and our new Sydney Square.
“Our residents and businesses have consistently told us they want more public artwork.
"Cloud Arch is our gift to the people of Sydney - a stunning marker of the day the city is finally handed back to its people.
“Cloud Arch is the most significant artwork to be built in Australia for decades and will help raise our city’s profile on the world stage.
“It will become a symbol for Sydney and a popular drawcard for residents, workers, tourists and visitors.
The updated design includes an arch that is almost doubled in size after a number of technical challenges with the initial design.
<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/2017/08/25/Cloud%20Arch%203.jpg" alt="">
Complex technical constraints beneath George Street have altered the location of the footings which in turn required alterations to the artwork’s structure.
The unforeseen constraints related to rail tunnels, retail tunnels, the Cross City Tunnel and major underground services.
Further challenges have arisen due to the light rail construction work and the City’s ability to access the site while construction works take place.
The loop of the arch has also been enhanced to better frame Sydney Town Hall, the QVB and important monuments and buildings at the heart of the city.
The new design and cost of materials, including the 140 tonnes of steel for the larger arch and a 43 per cent rise in global steel prices since December 2015, means the cost of the project has increased from $3.5 million to $11.3 million.
City staff have proposed that the increase in cost could be covered by postponing and using funds set aside for Hany Armanious’ Pavilion artwork and re-allocating savings from the public domain budget – a result of a number of voluntary planning agreements that the City struck with developers.
<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/2017/08/25/Cloud%20Arch%204.jpg" alt="">
By comparison, the cost to install Chicago’s Cloud Gate was AUD $39.2 million and St Louis’ Gateway Arch was AUD $24 million in 1965.
Councillors will consider a report detailing the updated design at a Council meeting on Tuesday 29 August.
“The value that this artwork will add to the city centre cannot be underestimated,” the Lord Mayor said.
“The additional investment will be repaid many times over through the hundreds of thousands of visitors that will visit Sydney to view the artwork, dine at nearby eateries and spend money at local businesses, boosting the local economy.
“It will become one of the most photographed landmarks in our city and add to Sydney’s standing as one of the world’s great cultural capitals.”
Business, arts and community figures have voiced their support for Cloud Arch and its potential to enhance Sydney’s standing on the world stage.
Sydney Business Chamber Executive Director Patricia Forsythe said: “We congratulate the City of Sydney for its commitment to public art in the city.
“Art is always subjective and the fact is, this sculpture will be a major talking point and will enhance the city’s pulling power.
“We know Cloud Arch will be of interest to visitors and will add to the many attractions that Sydney has to offer.”
Mirvac CEO Susan Lloyd-Hurwitz said: “Public art can really make a place come to life; it's capable of transforming otherwise ordinary places into living landmarks, drawing visitors and defining areas where people gather and meet.”
Carnival Australia Executive Chairman Ann Sherry AO said: “I think cities improve both liveability and attractiveness to visitors by incorporating art into public space.
“It shifts perception, delights visually and great cities support artists by showcasing their work.”
<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/2017/08/25/Cloud%20Arch%205.jpg" alt="">
Art Gallery of NSW Director Dr Michael Brand said: “The increase in the scale of Ishigami’s proposed design greatly adds to its appeal and promises to be even more compelling that the original concept.
“I have no doubt it will bring significant international attention to Sydney.”
Museum of Contemporary Art Director Elizabeth Ann McGregor said: “Such works of art have the capacity to be game changers, attracting attention well beyond the immediate environment.
“The inevitable difficulties in delivering them are quickly outweighed by the impact – all the initial criticism of Antony Gormley’s Angel of the North is long forgotten, as it has become the symbol of the regeneration of the City of Gateshead in the UK.”
Penelope Seidler AM said: “Cloud Arch will be the most exciting design to emerge on the Sydney scene since the Opera House.
“I know it will become a Sydney icon. The sculpture demands views from all angles, it is puzzling and beautiful as well as an engineering masterpiece.”
Committee for Sydney Chairman Michael Rose AM said: “We're really pleased to hear that the City of Sydney has decided to proceed with the Cloud Arch.
“We think it's going to be an extraordinary piece of public sculpture, that's going to define an important part of the city.
“We're looking forward to seeing it and are sure that it's going to become a much loved part of our city.”
John Kaldor AO said: “Cloud Arch is a sublime work arching towards the sky defining Sydney’s ambition. It is a great example of what public art can offer.”
Sydney Community Foundation Chair Michael Lynch AO CBE said: “Junya Ishigami has created an architectural wonder work for a very important piece of public space in a city that needs to lift its spirits and aspire to better and kinder ways of building our town. I love the imagination and aspiration behind this work.”
Grasshopper Bar owner Martin O’Sullivan said: “Art draws people to the city and the more people we have in the city, the more money is spent at small businesses.
“We’ve seen the impact public art can have with Art &amp; About. It also changes the way people move around the city and their perceptions of its liveability.
“Cloud Arch will be another reason for people from interstate and overseas to visit Sydney.”
The Grounds co-founder and creative director Ramzey Choker said: "Supporting the growth of the CBD through this iconic landmark will continue to evolve Sydney's experience and inject life into our city.
“It demonstrates that we are invested in creativity, culture and building communities.”
<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/2017/08/25/Cloud%20Arch%206.jpg" alt="">
Once approved, construction of Cloud Arch is expected to be complete before March 2019.
For media inquiries or images, contact City of Sydney Senior Media Advisor Alex Cauchi.
Phone 0467 803 815 or acauchi@cityofsydney.nsw.gov.au 
For interviews with Lord Mayor Clover Moore, phone 02 8974 4165 or email media@clovermoore.com.au
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Possibly iconic artwork signals day Sydney becomes "a true people’s place"

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The ASX-listed property fund manager GDI Group has sold its A-grade commercial office tower at 66 Goulburn Street in Sydney CBD.
It has been sold to the Singapore real estate firm Ascendas-Singbridge for $252 million.
The 24 floor building has 22,929 square metre of space.
Its tenants include Samuel Griffith Chambers, Government Property NSW, Prudential Investment Co, William Buck and the Copyright Agency.
The tower was acquired in 2014 for $136 million when the building had over 6000sq m of vacancy and expiring leases including one for 10,432sq m.
GDI has since leased, renewed or agreed to lease all its net lettable area.
The property is opposite the recently sold 59 Goulburn Street tower, bought by Fortius Funds Management for $158 million.
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GDI sells 66 Goulburn Street for $252 million

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A local buyer has offered around $18 million for a penthouse at Shanghai United's luxury apartment project, Castle Residences ahead of its launch this Saturday.
It is understood the buyer has offered to pay more than $60,000 a square metre for the 300 sqm penthouse.
Its price will almost mirror AMP Capital's recent Circular Quay Loftus Lane penthouse sale at $67,000 a square metre in June.
<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/2017/08/10/Castle-2.jpg" alt="">
Shanghai United has more than 100 buyers have registered to buy the first 80 luxury apartments at Castle Residences project, including 21 Melbourne private buyers who flew up to Sydney on Monday to personally register for the apartments after seeing an advertisement for the apartments in a Chinese newspaper.
CBRE is marketing the project.
"Interests have exceeded our expectations," Shanghai United chief executive Yangdong Xu said.
<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/2017/08/10/Castle-3.jpg" alt="">
"Potential buyers have said the combination of a five-star hotel in a mixed-use apartment project in a good location was key."
The $380 million project at 110-118 Bathurst and 203 Castlereagh Streets is a mixed-use tower incorporating the 121-room Porter House Hotel, MGallery by Sofitel and 131 apartments known as Castle Residence Apartments.
The hotel, by Accorhotels will be on levels one to nine and the apartments will be located above it.
One of the Melbourne buyers, Raymond Wang, said the inclusion of the hotel in an apartment tower especially in a top location like Sydney CBD would raise its value.
<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/2017/08/10/Castle-4.jpg" alt="">
"In Melbourne there are so many apartments but Sydney's supply shortage and stable rents are more attractive to an investor," he told Shanghai United.
Shanghai United, which is backed by 10 mainland developers, has gone from strength to strength since arriving on the Australian property scene just over a year ago.
Its latest acquisition is Sydney Double Bay's Intercontinental Hotel for $140 million.
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Another $18 million penthouse in Sydney's CBD 

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A site housing a half-a-century old meat company based in Sydney’s fringe suburb of Glebe has sold for for $23,580,000 to a local Chinese developer, AVP Developments Pty Ltd.
‘The Glenmore’, at <a href="https://www.colliers.com.au/news/2017/new-chapter-for-historic-glebe/" target="_blank">40-46 Wentworth Park Road</a>, currently houses the Glenmore Meat Company.
The Glenmore Meat Company became popular with Sydney-siders, with its origins dating back half a century to a small meat company based in Paddington’s Glenmore Road. It was founded in 1967.
The 2,034 sqm site was being marketed by Colliers International’s Ryan Bennetts and Guillaume Volz through an expressions of interest campaign that closed on May 24. It was expected to fetch around $20 million.
According to the selling agents, there were 26 bids and more than 250 enquiries and several bids exceeded the price expectations.
“The Glenmore was one of the most hotly contested development sites we’ve seen this year,” said Ryan Bennetts.
“Glebe is shaping up as one of Sydney’s most desirable residential markets given its proximity to the CBD, walking distance to Sydney’s leading universities and upcoming rejuvenation of White Bay and the Fish Market precinct.”
The suburb is well positioned to take advantage of the redevelopment of the Bays Precinct, which is expected to become a hub of enterprise, activity and beautiful spaces.
Bennetts added that the sale and interest in the site showed developer preference for owner-occupier style product with townhouses most likely for the site, particularly with a scarcity of the townhouse-style product amid many high-density projects in the area.
The sale follows the success of the Roxy-Pacific development West End Residences nearby, which sold 70 percent of the apartments on its first day of launch on April 1.
Located just 3 km south-west of the Sydney CBD, Glebe was traditionally regarded as a working class suburb on the city fringe, but over time has emerged as a hotspot for tertiary education, retail and community living.  
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Glenmore Meat Co site in Sydney's Glebe sells to Chinese buyer for over $23.5 million 

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Sydney has the highest growth in the number of new listings, according to CoreLogic’s latest report.
The property data firm says that the number of new listings has grown to 6,740, a rise of 14.2% as at early August.
This is more than Melbourne’s growth of 9.4%.
<a href="https://www.propertyobserver.com.au/images/2017/08/07/Screen%20Shot%202017-08-07%20at%2011.04.19%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/08/07/Screen%20Shot%202017-08-07%20at%2011.04.19%20am.jpg" alt="">
Canberra has the lowest boost in activity with only a 1.8% rise in the number of new listings.
Meanwhile Brisbane, Perth and Darwin continue to see a fall in the number of new listings with Perth the highest with a drop of 11.7%.
A three bedroom apartment at <a href="https://www.realestate.com.au/property-apartment-nsw-sydney-126017906" target="_blank">232/569-581 George Street</a>, Sydney (above) has been listed for $1.68 million.
It last sold in 2006 for $575,000.
A one bedroom apartment at <a href="https://www.realestate.com.au/property-apartment-nsw-sydney-126049158" target="_blank">207/187 Kent Street</a>, Sydney (below) has been listed for between $875,000 to $900,000.
<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/2017/08/07/207_187%20Kent%20Street.jpg" alt="">
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Fresh Sydney property listings up by 14%: CoreLogic

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Sydney’s City and Inner South region had the highest weekend auction clearance rate, according to CoreLogic’s latest report.
The property data firm says that out of the 53 auctions in the area 84.9% resulted in a successful outcome.
This was followed by the Inner West with 82.1% and the Northern Beaches with 80.7%.
<a href="https://www.propertyobserver.com.au/images/2017/08/07/Screen%20Shot%202017-08-07%20at%2010.11.32%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/08/07/Screen%20Shot%202017-08-07%20at%2010.11.32%20am.jpg" alt="">
Only 52.6% of Blacktown's 19 auctions were cleared making it Sydney's lowest clearance rate region.
A three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-kurnell-125892974" target="_blank">37 Dampier Street</a>, Kurnell (above) was sold for $1.38 million.
It was last sold in 2011 for $530,000.
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Sydney's City and Inner South scores 84% auction clearance rate: CoreLogic

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Bangarra has announce their move to International Towers at Barangaroo, Sydney in 2018.
The company is vacating their current premises at Pier 4/5 to make way for the construction phase of the major redevelopment of the Walsh Bay Arts Precinct.
The theatre's Philippe Magid, said the company is excited to have secured a temporary new home featuring a dance studio for rehearsals and office space for administration.
“This is a great partnership between the private sector and the arts.
“It was an extensive search and we are extremely thankful to the NSW Government and International Towers for their generosity and flexibility.
“As a world-class dance company, we require a very specific space and International Towers have made innovative use of a vacant area within Tower Three to ensure we are properly accommodated during this interim period,” said Magid.
International Towers general manager, Tony Byrne said Bangarra is a welcome addition to the growing innovation community at International Towers.
“They are a wonderful addition to our current ecosystem of tenants - bringing an arts perspective and an innovative, global outlook as well as a deep connection to our indigenous culture and heritage within the precinct."
International Towers was developed by Lendlease.
Bangarra has been a national partner in Lendlease’s Reconciliation Action Plan (RAP) for the last two years.
Bangarra has been based at Pier 4/5 at Walsh Bay since 1997, and the premises have been refitted numerous times to accommodate burgeoning staff and production needs.
Bangarra have just finished their sold out season of their acclaimed new work Bennelong at Sydney Opera House.
The company then tours to Canberra, Brisbane and Melbourne.
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