Sherpa Property Group has unveiled the third instalment of its Flourish series, securing full approval for the two-tower, $500 million Flourish Soleira development in Palm Beach.

<a href="https://www.apartments.com.au/new-apartments/flourish-soleira-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> will rise from a prominent site in the commercial heart of Palm Beach, the long-time home of Cash Converters and a range of local retailers.

The project will introduce a new retail and dining precinct at ground level, beneath 286 apartments.

[smartcode_project:default project_id=150017 project_image_fid=370959]

“We’re very committed to not only providing affordable residential offerings that are much needed in Palm Beach, but also delivering a vibrant new commercial heart that complements the extraordinary growth of the southern Gold Coast,” Sherpa Property Group founder Christie Leet said.

The development will sit under Sherpa's Flourish brand, which is aimed at providing a pathway into the beachside suburb for locals, first-home buyers and downsizers. In a move designed to assist first-home buyers entering the market, Sherpa has reserved all one and two-bedroom, one-bathroom apartments exclusively for eligible first-home buyers.

[smartcode_project:default project_id=150017 project_image_fid=370964]

“Our vision through Flourish is to create a vibrant retail and lifestyle focal point within the Palm Beach centre zone, delivering thriving communities underpinned by lifestyle-rich locations,” Leet said.

“So far, Flourish has been an incredible success, and we hope to carry this momentum as we progress the next two Flourish projects in Palm Beach.”

[smartcode_project:default project_id=150017 project_image_fid=371430]

Located across 1150-1164 Gold Coast Highway and 3 Sixth Avenue, the development will comprise two towers. The northern tower will deliver 154 apartments, while the southern tower will add a further 132 residences, helping address ongoing demand for new apartments in the tightly held coastal suburb.

Flourish Soleira will also feature the most extensive rooftop amenity offering ever delivered in Palm Beach.

The two towers will be connected by a skybridge, with residents gaining access to a rooftop recreation deck featuring a full-width swimming pool, hot and cold plunge pools, wellness spaces, a gymnasium, private dining facilities, massage treatment rooms, barbecue areas, a basketball court, golf simulator, indoor and outdoor dining spaces, sun lounges and extensive landscaping.

LPS Group is expected to start construction later this year.

Sherpa is already well advanced on construction of its debut Flourish project, Flourish Amargo, located just around the corner from Soleira. Meanwhile, Flourish Oasis, positioned opposite Amargo, recently commenced construction and has nearly sold out its collection of 47 apartments.

[smartcode_project_cta:default project_id=150017]

Joel Robinson

Sherpa unveils $500m mixed-use Palm Beach precinct, Flourish Soleira

Are mortgage holders set to get a reprieve from the RBA in 2026?

Big Four bank NAB believes so. They are now expecting the next move from the RBA to be a cut, rather than a hike, which they had pencilled in for August. They are unsure of the timing of the cut however, they note in their latest&nbsp;NAB Economics RBA Watch.

NAB Chief Economist, Dr Sally Auld, said recent data suggests the economy has lost momentum and the outlook for rates has shifted, noting that the broader economic backdrop has changed since earlier in the year.

“The next move in the cash rate is likely to be down, but the timing is uncertain," Dr Auld said.

"In February, growth was above trend, the economy was operating above capacity and there was uncertainty over the restrictiveness of rates. None of these conditions exist today,” she outlined.

Dr Auld said recent data pointed to softer momentum across the economy while acknowledging that at the same time, uncertainty remains a key feature of the outlook.

“Both Q1 GDP data and the NAB business survey suggest momentum in the economy has slowed, meaning that growth has likely peaked for the cycle. That said, we are cognisant there is still considerable uncertainty around the outlook, both with respect to activity and inflation.”

Dr Auld said inflation risks and labour market outcomes would be important to watch.

“On the prices side, we are still forecasting above target core inflation through to mid-2027. Margins will compress and weaker labour market outcomes are a risk.”

She said tighter financial conditions are expected to weigh on housing and activity.

“Tighter financial conditions will be reflected in a slowing in house price growth and housing credit growth. In summary, we have greater conviction that the next move in rates is down, but less conviction on the timing.”

Mortgage relief? NAB forecasts RBA rate cut, not hike, after softer economic conditions

A local downsizer has splashed $6.5 million on a penthouse in Perifa's Alex &amp; Willow development in Crows Nest. 
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The purchaser sold their long-held family home in the area before embarking on a six-month search for the right apartment. After inspecting a range of options across the Lower North Shore, the buyer returned to <a href="https://www.apartments.com.au/new-apartments/alex-willow-crows-nest-82-90-alexander-street-crows-nest-nsw-2065">Alex &amp; Willow</a>. 
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The buyer profile reflects the project’s broader purchaser mix. <a>Alex &amp; Willow</a> has attracted predominantly local downsizers looking to transition from larger homes without compromising on space or quality, alongside a smaller cohort of upsizers and investors drawn to the project’s location and design credentials. 
&nbsp; 
The milestone sale comes as the project, developed by&nbsp;<a href="https://www.apartments.com.au/developers/perifa">Perifa</a>&nbsp;and delivered by <a href="https://www.apartments.com.au/builders/versatile-made-construction">Versatile Construction</a>, both part of Versatile Group, reaches 60 per cent sold.

[smartcode_project:default project_id=6680 project_image_fid=371325] 
&nbsp; 
Eddie Mansour, Managing Partner of <a href="https://www.apartments.com.au/project-marketer/ray-white-projects">Ray White Projects</a>, said the result demonstrates not only a headline price but also depth of demand. 
&nbsp; 
“This is an exceptional outcome and a clear reflection of sustained buyer demand for premium, well-located downsizer product,” Mansour said.

“We’re seeing a consistent pattern of local homeowners selling family residences and reinvesting into high-quality apartments that allow them to remain within their community. Alex &amp; Willow has resonated strongly with this group because it offers genuine scale, thoughtful design and immediate proximity to the village.” 
&nbsp; 
The sale reflects a broader and consistent trend of local downsizers actively seeking high-quality, low-maintenance residences close to established village centres. Agents report that demand for this product type has remained resilient, particularly where developments offer a rare combination of scale, design quality and walkable amenity. 
&nbsp;&nbsp; 
Fabrizio Perilli, Managing Director of Perifa and Versatile Group, said the sale marks a defining moment for the project. 
&nbsp; 
“The penthouse sale is a strong endorsement of the quality we have delivered, alongside our partners, and the clear demand from local downsizers for premium, boutique residences in this location,” Perilli said.&nbsp; 
&nbsp; 
“Most importantly, we’re proud to see the Alex &amp; Willow community beginning to take shape. As we move closer to completion, we’re looking forward to welcoming residents and seeing the project come to life.”&nbsp;

[smartcode_project:default project_id=6680 project_image_fid=338516] 
&nbsp; 
Designed by <a href="https://www.apartments.com.au/architects/nettletontribe">Nettleton Tribe</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/richards-stanisich">Richards Stanisich</a>, Alex &amp; Willow is a boutique collection of generously sized two- and three-bedroom residences in the heart of Crows Nest village.&nbsp;

Completion is slated for early 2027.

[smartcode_project_cta:default project_id=6680]

Alex & Willow, Crows Nest penthouse sells off the plan for $6.5 million

Fresh from launching the first stage of its Wollongong precinct, <a href="https://www.apartments.com.au/new-apartments/keira-place-wollongong-120-122-smith-street-wollongong-nsw-2500">Keira Place</a>, builder-developer Urban Property Group has unveiled plans for the next phase of the masterplanned community.

Now on public exhibition through the NSW Government's Housing Delivery Authority pathway is a State Significant Development Application for a further 657 homes on the prominent gateway site opposite Beaton Park.

The proposal comprises three buildings, including two build-to-sell towers rising 25 and 30 storeys, delivering 391 apartments, alongside a 12-storey co-living building with 266 residences, making it one of the largest co-living proposals currently planned in regional New South Wales.

Of the apartments proposed in the build-to-sell towers, the majority, 310, are two-bedroom dwellings. The balance comprises 44 one-bedroom apartments and 37 three-bedroom residences. Apartment sizes range from around 50 sqm for one-bedroom homes to approximately 90 sqm for three-bedroom apartments.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="19347059-1612-41a0-9c74-b86a657237f8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%2010.02.18%E2%80%AFAM.png?VersionId=sWXnaCcA.cIC6N8YT1dg5pJ2e1V3Z6z7" />

The submission says the proposal has evolved significantly from its original Housing Delivery Authority application following extensive consultation with the State Design Review Panel and Wollongong City Council.

The final scheme has been designed to align with the emerging vision for the Flinders Street Precinct, an area identified by Council as a future high-density mixed-use neighbourhood capable of accommodating substantial housing growth close to transport, employment and community infrastructure.

According to the design report prepared by COX Architecture, the development aims to "deliver a built outcome consistent with the future character of the Wollongong CBD while responding to the site's unique constraints and opportunities."

"Our vision for the next phase of the site evolution in Wollongong is grounded in three design pillars that guide the design response: place, natural environment and celebration," COX said.

"Inspired by its surroundings and grounded in the stories of place on Wodi Wodi Country, the design proposal acknowledges the established character of its setting while creating a unique and timeless identity that sits harmoniously within it.

"The design proposal responds to its specific site conditions, acknowledging the vegetation, climate, wind conditions and solar access of the site."

The architecture responds directly to the site's position between Wollongong's urban core and its natural landscape setting.

COX identified views towards Mount Keira and the Illawarra Escarpment as defining features of the site, while the upper levels of the towers will also capture expansive views across the city and out to the Pacific Ocean.

The design team has positioned the tallest buildings closer to the rail corridor, where overshadowing impacts can be better managed while establishing a landmark built form on the northern approach into the city.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="79580d5b-500c-4ebf-9629-797146a4a694" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%209.51.59%E2%80%AFAM.png?VersionId=WbTB1EKSG.KDfsfz0F3wp1QVa2oCMGR5" />

Urban Property Group secured the 11,000 sqm Smith Street site in 2022 and has since progressed plans for the broader Keira Place precinct.

Construction recently commenced on the first stage of Keira Place, which will deliver 150 apartments across two residential buildings, including 27 affordable housing apartments and 18 specialist disability accommodation dwellings, alongside activated ground-floor retail and commercial space.

Urban Co-CEO Patrick Elias said the commencement of construction marked a significant milestone for Wollongong and reflected the developer's long-term commitment to regional cities.

"Today's groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong's city centre," Elias said.

"Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection."

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/groundbreaking-marks-start-of-construction-at-keira-place-in-wollongong-cbd">Groundbreaking marks start of construction at Keira Place in Wollongong CBD</a>

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&nbsp;

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Urban Property Group unveils trio of towers for next stage of new Wollongong precinct, Keira Place

Central Element is seeking approval for a significant residential redevelopment in Lavender Bay, lodging plans for a dual-tower apartment project that would deliver 163 new homes on a prominent site at the northern gateway to Milsons Point.

The Sydney-based builder-developer has lodged a concurrent rezoning proposal and State Significant Development Application for <a href="https://www.apartments.com.au/new-apartments/64-66-lavender-street-lavender-bay-nsw-2060">64-66 Lavender Street and 3-7 Middlemiss Street</a>, a 2,305 sqm amalgamated site currently occupied by a collection of ageing residential flat buildings.

Designed by SJB, the proposal would replace the existing 32 apartments with two residential towers rising 23 and 32 storeys, comprising 163 apartments including affordable housing managed by a community housing provider. The project forms part of the NSW Government's Housing Delivery Authority program and has been progressing through a fast-tracked state planning pathway since being endorsed for further assessment in 2025.

The proposal is one of the most significant redevelopment opportunities currently under consideration on Sydney's lower north shore, sitting between the high-density towers of Milsons Point and the lower-scale heritage fabric of Lavender Bay.

<img alt="Lavender Bay" data-entity-type="file" data-entity-uuid="93ecf0ee-487d-4292-afc4-0bc9579475d6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%209.30.48%E2%80%AFAM.png?VersionId=PunU2ipMaTxiJcJ8NdMyUlWA7d98eNUb" />

The planning proposal seeks a substantial uplift from the current 12 metre height limit, which would only allow for a four-storey building, however the submission argues a scheme within these limits would not be&nbsp;economically feasible given the complexity of site amalgamation and would fail to maximise housing delivery on land located within walking distance of major transport infrastructure.

SJB said the design evolved significantly following discussions with the Department of Planning, Housing and Infrastructure and independent design review processes.&nbsp;Rather than pursuing a single larger tower, the architects adopted a two-tower approach aimed at reducing perceived bulk, preserving view corridors and creating greater permeability at ground level.

The northern tower would rise 23 storeys and contain 81 apartments, while the southern tower would reach 32 storeys and accommodate 82 apartments. Five basement levels would provide 174 car spaces, 181 bicycle spaces and 10 motorcycle spaces.

"The proposal for 3–7 Middlemiss Street and 64–66 Lavender Street is driven by a clear ambition to complete the Middlemiss Peninsula, delivering the final piece of a carefully evolving urban precinct," SJB noted in its design report.

"Positioned at the threshold between Lavender Bay and the North Sydney CBD, the development is envisioned as a unifying element—one that completes the skyline composition while providing a considered and harmonious transition between the peninsula’s established character and the intensity of the CBD beyond.

"Collectively, the development aspires to create a landmark that is generous, inclusive, and deeply connected to its setting, one that enhances the skyline, strengthens the public realm, and contributes to a more equitable and sustainable urban future."

Communal spaces would be distributed across multiple levels, including landscaped podium gardens, swimming pool facilities, barbecue areas and rooftop-style retreat spaces designed for residents. The proposal delivers more than 1,500 sqm of communal open space and nearly 400 sqm of indoor communal facilities.

<img alt="Central Element" data-entity-type="file" data-entity-uuid="0671c276-6dd8-4cfc-97b0-134a45d2c8cf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%209.30.17%E2%80%AFAM.png?VersionId=90D7lRaCTMTsFx92tIBrHlZcuaV_a4cw" />

A major focus of the planning assessment has been the project's relationship with surrounding public open spaces.

Clark Park, Bradfield Park and Wendy Whiteley's Secret Garden are among the lower north shore's most valued public landscapes, and overshadowing impacts have been closely examined through the design process. Central Element is proposing to also create a new public plaza and pocket park as part of the development.

Central Element has been developing across Sydney since 2010.

They have recently completed their Chatswood tower, Ethos Chatswood, as well as their luxury redevelopment of Coogee's landmark Ballamac House. They are currently selling Pearl Bondi, just seven high-end homes, while future plans include a tower on Hyde Park, and a boutique project in Neutral Bay.

First look: Central Element reveals Lavender Bay apartment plans

Taouk Architects

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Mere weeks ago Urban covered VCAT's decision to approve <a href="/news/160-whitehorse-roads-approval-pushes-blackburns-apartment-pipeline-toward-1000">development plans for 160 Whitehorse Road</a>.

Blackburn's largest development to date was given the green light after a planning push eventually secured the right to create a mixed-use project across the 8,767 square metre site. As many as 263 apartments are now approved for the development designed by Taouk Architects which was anointed Blackburn Place.

The development though has now been listed for sale with CBRE City Sales handling the process, providing Melbourne developers with the opportunity to nab one of the east's largest approved scheme in recent times. 

With Box Hill coming off the boil (in line with the trending decline of large-scale projects across the city), the Taouk Architects-designed 160 Whitehorse Road does discern itself due to its size and location.

<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/image29_17.jpg" rel="gallery-all" title="Prospective views. Image: CBRE City Sales"><img alt="" class="image-article-full-width-580px" height="384" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image29_17.jpg?itok=UYB9gcKs" title="Prospective views. Image: CBRE City Sales" width="580"></a>

<figcaption>Prospective views. Image: CBRE City Sales</figcaption></figure>Initial plans for the site attempted to realise a greater return of apartments, with buildings spanning 14, 10, 10 and 8 storeys as originally submitted. Those plans have been tempered with the VCAT-approved outcome seeing a more modest built form and apartment numbers reduced from 394 to 263.

CBRE note that the site's planning approval includes four buildings between 6 and 8 levels, plus 3,663 square metres of commercial space.

Having sold for $18 million to an Asian-backed developer three years ago, 160 Whitehorse Road's price history has seen steady growth. Previous campaigns saw the site sell for $11.36 million in 2010, $3.25 million in 1986 and $1.3 million in 1980.

<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_14.jpg" rel="gallery-all" title="160 Whitehorse Road. Image: Taouk Architects"><img alt="" class="image-article-full-width-580px" height="218" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image30_14.jpg?itok=dW28oq2e" title="160 Whitehorse Road. Image: Taouk Architects" width="580"></a>

<figcaption>160 Whitehorse Road. Image: Taouk Architects</figcaption></figure>The size and staggered delivery schedule of 160 Whitehorse Road is in stark contrast to various other approved permits that have been 'flipped' in Melbourne's east over recent months. Two recent permitted Doncaster sites were a step down in size relative to 160 Whitehorse Road. 

7 Williamsons Road is currently for sale and sees 68 predominantly 2 and 3 bedroom apartments approved within a ClarkeHopkinsClarke-designed building. The 1,064 square metre site is in close proximity to Nicson Property Group's approved hotel scheme for 810 Elgar Road.

That site saw a Kyriacou Architects-designed hotel scheme offered for sale. The 993 square metre site came with approval in place for 102 suites over 8 levels, and if acted upon would become Doncaster Hill's first dedicated hotel.

At the turn of 2018, Mont Albert's 813-823 Whitehorse Road was offered for sale by Doyen Tower Pty Ltd; its 89 apartments are within a crystalline Bruce Henderson Architects-designed 16 level tower.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image32_16.jpg" rel="gallery-all" title="Mont Albert and Doncaster Hill have provided opportunity during 2018"><img alt="" class="image-article-full-width-580px" height="237" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image32_16.jpg?itok=mCQaguTl" title="Mont Albert and Doncaster Hill have provided opportunity during 2018" width="580"></a>

<figcaption>Mont Albert and Doncaster Hill have provided opportunity during 2018</figcaption></figure>
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silvermb

Melbourne's east throws up a sizeable residential opportunity

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Little to no media attention has been given to VCAT's decision to approve development plans for 160 Whitehorse Road.

Proponents behind the bid to redevelop Blackburn's premier development site into a staged mixed-use project were met with success at Victoria's planning tribunal late last month. As many as 263 apartments are now approved for the development designed by Taouk Architects which has been christened Blackburn Place.

The approval has also gone a long way to pushing Blackburn's apartment/townhouse pipeline toward 1,000 dwellings. From planning to construction, Apartments.com.au's Project Database is keeping tabs on 970 plus dwellings, spread predominantly across a raft of smaller sized apartment developments.

Blackburn Place though is by far and away the suburb's largest development and could have been far larger.

<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/image79_8.jpg" rel="gallery-all" title="Blackburn Road perspective. Image: Taouk Architects"><img alt="" class="image-article-full-width-580px" height="265" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image79_8.jpg?itok=JwKt6UiG" title="Blackburn Road perspective. Image: Taouk Architects" width="580"></a>

<figcaption>Blackburn Road perspective. Image: Taouk Architects</figcaption></figure>Initial plans for the site attempted to realise a greater return of apartments, with buildings spanning 14, 10, 10 and 8 storeys originally submitted. Those plans have been tempered with the VCAT-approved outcome seeing 10, 9, 7 and 6 storeys given the nod, resulting in a sizeable reduction in overall apartment numbers from 394 to 263.

Apartments aside, Blackburn Place will also include a string of retail and commercial tenancies, landscaped communal areas and basement parking.

Located within the Blackburn major activity centre, the application spans the largely vacant 8,767 square metre Lexus of Blackburn triangle site that maintains 295 metres of frontage to Whitehorse Road &amp; Railway Parade.

Having sold for $18 million to an Asian-backed developer three years ago, 160 Whitehorse Road's price history has seen steady growth. Previous campaigns saw the site sell for $11.36 million in 2010, $3.25 million in 1986 and $1.3 million in 1980.

<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_4.jpg" rel="gallery-all" title="Sovereign and Trio under construction"><img alt="" class="image-article-full-width-580px" height="308" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image80_4.jpg?itok=xdrMfxRw" title="Sovereign and Trio under construction" width="580"></a>

<figcaption>Sovereign and Trio under construction</figcaption></figure>Blackburn Place will crown an otherwise steady but relatively subdued Blackburn apartment market.

Smaller projects such as Sovereign and The Royale are at completion, whilst Trio is surfacing above ground; combined these projects stand to add 185 new apartments to the suburb. Furthermore Morton Park, Apollo, Blackburn Apartments and the townhouse aspect dubbed Regent which forms part of the wider 3 Whitehorse Road development are at registrations and/or sales, and stand to add a similar number of dwellings.

Thereafter the balance of projects within the Apartments.com.au Project Database are smaller in stature and confined to the planning or approval stages of development.
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160 Whitehorse Road's approval pushes Blackburn's apartment pipeline toward 1,000 

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High-rise development sites number four and five have come under the microscope along Box Hill's Prospect Street, further pushing its credentials as the suburb's next major apartment strip.

Running parallel to Whitehorse Road, Prospect Street is "in an area inviting substantially increased intensity of use and activities consistent with an increased urbanisation." Latest into the limelight is 34-36 Prospect Street which is a major residential tower on behalf of ZL Prospect Pty Ltd.

Designed by Toauk Architects, the proposed development is currently at advertising with City of Whitehorse. Expected is a 31 level tower reaching 95 metres that includes 196 apartments, 2 retail tenancies, 1,152sqm of commercial space and 5 basement levels for 184 vehicles.

34-36 Prospect Street's provisional apartment mix sees 46 single bedroom, 138 dual and 12 triple bedroom dwellings within a tower that is dominated by a black and gold exterior.

<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/image18_17.jpg" rel="gallery-all" title="34-36 Prospect Street. Image: Taouk Architects"><img alt="" class="image-article-full-width-580px" height="368" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image18_17.jpg?itok=RVabUtcd" title="34-36 Prospect Street. Image: Taouk Architects" width="580"></a>

<figcaption>34-36 Prospect Street. Image: Taouk Architects</figcaption></figure>Taouk Architects describe the project as follows:

<blockquote>
34-36 Prospect Street presents an urban design response to a location that is both capable of supporting, and is targeted for an intensive development in accordance with both the Box Hill Transit City Structure Plan and the City of Whitehorse Planning Scheme.

A mixed use development is consistent with the requirements of the Planning Scheme, and will contribute to Prospect Street as a safe and activated pedestrian corridor through the Box Hill Activity Centre.
</blockquote>

34-36 Prospect Street's offering follows on from last week's announcement by Savills that 15-17 Prospect Street had successfully sold to Chinese-based interests for $12.91 million. Billed as capable of handling 20 plus levels of residential living, the 1,305sqm site sold for a rate of $9,340 per sqm.

As with the majority of Prospect Street, the current low-rise commercial building is expected to make way for a mixed-use scheme. Backing onto rail lines, 15-17 Prospect Street is by no means alone on the southern side of Prospect Street.

<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/boxhill15-17prospectstreetp1.jpg" rel="gallery-all" title="15-17 Prospect Street. Image: Savills"><img alt="" class="image-article-full-width-580px" height="470" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/boxhill15-17prospectstreetp1.jpg?itok=rLIVgy4Z" title="15-17 Prospect Street. Image: Savills" width="580"></a>

<figcaption>15-17 Prospect Street. Image: Savills</figcaption></figure>9-11 Prospect Street has approval in place for 187 apartments across a 26 storey, Artisan Architects-designed tower. It too will include commercial use across its lower floors, with 2,915sqm of leasable space within the podium.

At the time that 9-11 Prospect Street was at planning, a 1,004sqm site at 13 Prospect Street and a 1,653.7sqm site at 31-35 Prospect Street were offered for sale jointly between Colliers and JLL. Both sites are utilised as at grade car parks, with neither yet to reach planning.

With the five identified development sites set aside, Prospect Street still has a substantial supply of low-rise sites capable of eventually accommodating mixed-use towers.

In theory as many as 10-12 additional future towers could possibly rise on Prospect Street, assuming all sites are developed to their full capacity, allowing Prospect Street to become one of Box Hill most intensely developed precincts.
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Prospect Street shapes as Box Hill's next go-to development strip

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Taouk Architects continue to refine a working design for Blackburn's 'Lexus' site. Newly released imagery of the mixed-use development for the substantial land holding at 160 Whitehorse Road now includes a heightened degree of complexity and design detail, and is similar to earlier concepts in showing multiple buildings rising to 14 levels.

The project which includes near on 400 apartments has however stumbled at its initial planning run.

Lodged with City of Whitehorse during April, Council has acted swiftly in refusing the application that would have seen 14, 10, 10 and 8 storey buildings set above three levels of basement parking. Delegate refusal was issued in under two months from its submission date.

In the rendered form below 160 Whitehorse Road would simultaneously have become Blackburn's tallest development and (by some margin) its largest development to date.

<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/image13_16.jpg" rel="gallery-all" title="Rendered concept for 160 Whitehorse Road. Image: Taouk Architects"><img alt="" class="image-article-full-width-580px" height="308" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image13_16.jpg?itok=sfqlWy3T" title="Rendered concept for 160 Whitehorse Road. Image: Taouk Architects" width="580"></a>

<figcaption>Rendered concept for 160 Whitehorse Road. Image: Taouk Architects</figcaption></figure>Former owner Lexus Australia chose to offload the site at the peak of Melbourne's development site sales boom during 2015. 

Billed as a Blackburn's premier site during its 2015 sales campaign, the largely vacant 8,767sqm block is zoned Commercial 1 and allows for residential, commercial and retail uses. 160 Whitehorse Road also maintains approximately 295m of frontage to Whitehorse Road &amp; Railway Parade.

Having sold for $18 million to an Asian-backed developer two years ago, 160 Whitehorse Road's <a href="http://www.heraldsun.com.au/leader/realestate/vacant-lexus-site-on-whitehorse-rd-sells-for-18-million/news-story/353bccaec4759d8ea0b71394177c1614">price history</a> has seen steady growth. Previous campaigns saw the site sell for $11.36 million in 2010, $3.25 million in 1986 and $1.3 million in 1980.

The possibility of towers appearing across the site would be a departure from the norm for Blackburn. Over recent years residential builds of 4-6 levels adjacent to Blackburn Station have become common place, while Apollo Blackburn directly opposite the 'Lexus' site is currently at sales with five levels the approved outcome.

Planning overlays for Blackburn and the adjoining Mega Mile have indicated that 160 Whitehorse Road is the area's 'gateway' site and as such can exceed the recommended height limit of 21 metres, reflecting its "status as a visually prominent landmark."

<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/image17_11.jpg" rel="gallery-all" title="Scale and stageabilty. Image: CBRE City Sales"><img alt="" class="image-article-full-width-580px" height="385" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image17_11.jpg?itok=ju2vbooK" title="Scale and stageabilty. Image: CBRE City Sales" width="580"></a>

<figcaption>Scale and stageabilty. Image: CBRE City Sales</figcaption></figure>For its part, Taouk Architects describe their working design as follows:

<blockquote>
Located within the major activity centre, Blackburn Place comprises of 4 towers connected via shared ground areas comprising of retail and office spaces designed to flow with landscaped communal areas. Combined Blackburn Place provides 394 apartments through the various tower heights of the complex.
Utilising massing form and façade articulation, the design applies various elements to soften its presentation to each adjoining streetscapes.
Layered, projecting and interlocking architectural elements combine with a neutral palette of colours and materials to help make Blackburn Place a benchmark for future developments in the area.
<cite>Taouk Architects</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/image16_9.jpg" rel="gallery-all" title="Rendered concept for 160 Whitehorse Road. Image: Taouk Architects"><img alt="" class="image-article-full-width-580px" height="319" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image16_9.jpg?itok=DKnUz1et" title="Rendered concept for 160 Whitehorse Road. Image: Taouk Architects" width="580"></a>

<figcaption>Rendered concept for 160 Whitehorse Road. Image: Taouk Architects</figcaption></figure>The development team's next step in the approvals process has yet to play out at planning.
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Blackburn's 'Lexus' site edges closer to major development, but...

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Taouk Architects may be preparing the latest entrant into Box Hill's flourishing apartment tower scene.

The expanding architecture firm is running with detailed images of a substantial residential tower at 34-36 Prospect Street. Whether or not the images form part of a package that will head to planning remains to be seen, but their emergence further reinforces Box Hill's apartment tower credentials.

Currently 34-36 Prospect Street is a nondescript two level office building that is leased to migrant help agency AMES Australia. Knight Frank handled the 1,208sqm plot's sale during 2015, with part of the sales pitch noting that the AMES Australia lease would expire mid 2017, without the prospect of extension.

Listed as a current project, Taouk Architects' scheme involves a 28 storey tower, consisting predominantly of apartments.

<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/image185_0.jpg" rel="gallery-all" title="A prospect on Prospect. Image: Taouk Architects"><img alt="" class="image-article-full-width-580px" height="476" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image185_0.jpg?itok=gEyWWOoB" title="A prospect on Prospect. Image: Taouk Architects" width="580"></a>

<figcaption>A prospect on Prospect. Image: Taouk Architects</figcaption></figure>Tucked in behind Whitehorse Road, Prospect Street has yet to see apartment development, unlike many other parts of Box Hill's central spine.

A development yardstick for the area comes in the shape of the nearby 9-11 Prospect Street; the approved Artisan Architects-designed tower over 25 levels includes 187 apartments, with commercial and retail spaces in tow. 9-11 Prospect Street is now being marketed by Savills as a prime development site ready to go. 

Should 34-36 Prospect Street head to planning, it will likely be joined by 13 Prospect Street &amp; 31-35 Prospect Street in due course. Both sites were offered for sale during 2016, with the expectation that both will become multi-level residential developments.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image182_0.jpg" rel="gallery-all" title="Savills are marketing 9-11 Prospect Street"><img alt="" class="image-article-full-width-580px" height="344" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image182_0.jpg?itok=5onANjJd" title="Savills are marketing 9-11 Prospect Street" width="580"></a>

<figcaption>Savills are marketing 9-11 Prospect Street</figcaption></figure>In other news on the Hill, one of suburban Melbourne's tallest towers is preparing to break ground.

Sky One Box Hill's site is clear, with piling set to commence on the 122.8 metre tower created by DKO Architecture; at that height it will become Box Hill's tallest tower, usurping Whitehorse Towers which is also currently under construction.

Last week a ground breaking ceremony was held onsite for Sky One Box Hill, which upon completion will include 438 apartments and amenities such as landscaped gardens, a pool, gym, spa, sauna, yoga studio and lounges.

The tower itself will emerge above ground well into 2017, following the site retention and excavation works for a substantial seven level basement.

<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/image187_2.jpg" rel="gallery-all" title="Sky One Box Hill is prepped for construction"><img alt="" class="image-article-full-width-580px" height="317" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image187_2.jpg?itok=qaDYgaqN" title="Sky One Box Hill is prepped for construction" width="580"></a>

<figcaption>Sky One Box Hill is prepped for construction</figcaption></figure>
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