<a href="https://www.apartments.com.au/new-apartments/smith-by-valli-collingwood-224-228-smith-street-collingwood-vic-3066">Smith Collingwood</a> is a new boutique apartment development bringing a refined, design-led approach to one of Melbourne’s most established inner-city neighbourhoods.

Designed by <a href="https://www.apartments.com.au/architects/pandolfini-architects">Pandolfini Architects</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/lisa-buxton-interiors">Lisa Buxton</a>, Smith by Valli sits on iconic Smith Street and comprises just 22 residences tailored toward owner-occupiers seeking a more considered style of apartment living.

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The design of Smith focuses on a north-facing orientation across all residences, a relatively uncommon feature in dense inner-Melbourne settings. Each apartment has been planned to maximise natural light and outlook, alongside a material palette defined by warm tones, custom joinery, and a full suite of Gaggenau appliances.

The development comprises a mix of one, two, and three-bedroom apartments, with pricing currently ranging from just under $1 million to around $4.85 million for the premium penthouse-level residences, reflecting growing demand for luxury owner-occupier product in Melbourne’s inner urban market.

Residents will also have access to a private rooftop garden designed as an elevated retreat above the city, &nbsp;featuring curated landscaping, veggie boxes, intimate seating areas and spaces for relaxed gatherings. Sustainability has also been integrated into the project through a 7-star energy rating and two secure bicycle facilities for every residence.

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Smith by Valli sits in the heart of one of Melbourne’s most established retail and hospitality strips, within walking distance of venues such as Falco Bakery, Carnation Canteen and Alimentari, alongside parks and everyday services. With a Walk Score of 99, the location reinforces the project’s positioning toward buyers prioritising walkability and access over car dependency.

With only a limited number of residences, Smith reflects growing demand for smaller, highly curated apartment developments that prioritise design quality, liveability, and connection to neighbourhood character.

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Joel Robinson

Smith by Valli delivers design-led apartments to Melbourne’s inner north

<a href="https://www.urban.com.au/developers/far-east-consortium">Far East Consortium</a>’s 640 Bourke Street stands as a testament to&nbsp;<a href="https://www.urban.com.au/developments/melbourne-vic-3000">Melbourne</a>’s ability to bridge its storied past with a bold vision for the future.&nbsp;

Rising above the heritage-listed Eliza Tinsley building, the development reflects a broader shift toward adaptive reuse in the city, where historical assets are retained and reinterpreted as part of new residential development.

Designed by <a href="https://www.urban.com.au/architects/rothelowman">Rothelowman</a>, <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> incorporates the Eliza Tinsley building as its foundation, housing a grand gallery and lobby space that serve as both a functional and symbolic centrepiece. The heritage façade informs the tower’s design, creating a connection between Melbourne’s past and its contemporary skyline.

"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.

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Above this historic base, the 68-storey tower will deliver just over 600 residences, a notable reduction from earlier schemes, reflecting a deliberate move toward larger-format apartments and a stronger owner-occupier focus.

Unlike traditional CBD developments that prioritised investor stock, 640 Bourke Street has been repositioned to respond to changing buyer expectations.

"The discussion was all around making 640 Bourke Street the best residence to live in, to be much more focused on the people in the building rather than people looking at the building," Marsland explained.&nbsp;

This shift is evident in the development’s interiors, which emphasise practical luxury with spacious layouts, high ceilings, and floor-to-ceiling windows framing sweeping views of Melbourne and Port Phillip Bay.&nbsp;

“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," Lauren Sheldon, Far East Consortium’s Director of Sales and Marketing, said.&nbsp;

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Rothelowman Associate Jun Chang added, "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."&nbsp;

Amenities spanning more than 3,000 sqm across multiple levels further reinforce this focus on resident experience. These include a pool, gym, co-working areas, and a range of hospitality-inspired spaces such as a whisky lounge, library, and private dining rooms, many drawing reference from traditional bathhouses and Melbourne’s laneway culture.

"We wanted to make both the pool and the gym area to be absolutely destinational, and when you traverse across to these spaces, there is a gentle familiarity to the beautiful notions of the hammams and the Roman baths, a gentle nod to history," Chang noted.

At street level, the project contributes to the ongoing transformation of the western CBD, with upgrades to Langs Lane and the introduction of retail, hospitality, and gallery spaces designed to activate the precinct and strengthen its connection to the surrounding city fabric.

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The location places residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market, and the Docklands waterfront, positioning the development within a rapidly evolving inner-city neighbourhood.

"We believe it's the best site left in the city of Melbourne," Craig Williams, Executive Director at Far East Consortium, said.&nbsp;

640 Bourke Street is Far East Consortium’s 14th building in Melbourne’s western CBD.

"A very elegant designed building. It's going to be a Melbourne statement for many, many years to come."

One-bedroom apartments are priced from around $640,000, with 640 Bourke Street targeting completion in 2029.

Renders shown are Artist's Impressions correct as of May 2026.

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Heritage-led design anchors Far East Consortium’s 640 Bourke St, Melbourne

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD Group</a> has set a new residential price record in Queensland with the $30 million sale of the penthouse at its <a href="https://www.apartments.com.au/new-apartments/one-burleigh-88-the-esplanade-burleigh-heads-qld-4220">ONE Burleigh</a> development in Burleigh Heads.

The sale equates to around $37,500 per sqm.

The two-level, 800 sqm penthouse, featuring five bedrooms, five bathrooms, five car spaces, and a private infinity pool overlooking the Pacific Ocean, was acquired by a Gold Coast-based entrepreneur, highlighting continued demand for ultra-premium beachfront product.

Selling agent Freddie Tehle of PRD Burleigh Heads said the result reflects tightening supply of high-quality, large-format apartments in Burleigh.

“There’s very limited opportunity to secure this level of scale and absolute beachfront position in <a href="https://www.apartments.com.au/developments/burleigh-heads-qld-4220">Burleigh Heads</a>,” Tehle said.

“Buyers are increasingly seeking apartments that genuinely replace a standalone home, and this penthouse delivers that with its size, privacy, and direct ocean frontage.”

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The sale comes as construction progresses on ONE Burleigh, a boutique development of 17 full-floor residences at 88 The Esplanade, scheduled for completion in early 2027.

Developed by MAYD Group and designed by <a href="https://www.apartments.com.au/architects/mas-architecture-studio">MAS Architecture</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/sici-design">Sici Design</a>, the project has been positioned as a collection of house-sized beachfront apartments, each occupying an entire floor with around 381 sqm of internal and external living space.

When construction commenced, MAYD director Todd Mould pointed to the long-term resilience of premium coastal real estate as a key driver behind the project.

“Real estate, particularly at the premium end, remains one of the most resilient and proven long-term investment avenues,” Mould said.

“Our ambition is that anyone who buys a MAYD-built product can genuinely feel the care, craftsmanship and commitment we bring to every detail.”

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Each residence has been configured with four bedrooms, multiple living zones, a private office, and expansive ocean-facing terraces. Interiors draw on a restrained material palette, including travertine stone, timber joinery, and integrated premium appliances.

Interior designer Sici Design said the approach was to reflect the project’s coastal setting through both materiality and spatial planning.

“ONE Burleigh is our vision of luxury living, designed to bring the essence of Burleigh Heads' vibrant coastal beauty into an unparalleled residential experience.”

Residents will have access to a suite of wellness-focused amenities, including pools, sauna facilities, and dedicated relaxation spaces, reflecting a broader shift toward lifestyle-driven apartment design on the Gold Coast.

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The project occupies a southern Esplanade site with uninterrupted beachfront frontage, an increasingly rare offering in Burleigh Heads, free from the Norfolk Pines that line much of the coastline and often limit direct ocean outlook.

Mould said the design intent was to balance that outlook with a sense of retreat.

“Living at ONE Burleigh is about how your day naturally unfolds, morning light across the ocean, coffee on the balcony, and being in Burleigh but elevated above the noise.”

The result further reinforces Burleigh Heads’ emergence as one of the Gold Coast’s most tightly held and supply-constrained beachfront markets, where boutique, owner-occupier-focused developments are increasingly setting new price benchmarks.

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MAYD Group sets Queensland record with $30 million penthouse sale at ONE Burleigh in Burleigh Heads

Apartment developers in the Gold Coast are finding new, creative ways to differentiate themselves from competing projects, as new supply starts to flow through up and down the Coast.

Developer BIG Projects brought in the renowned Sydney-based design studio YSG Studio to craft the interiors for The Frederick, BIG Projects' new Mermaid Beach project and YSG Studio's first move into the multi-residential development space.

[smartcode_project:default project_id=110588 project_image_fid=5346]

It was a strategic move for BIG Projects to bring in a Sydney eye to the development.

“Our role is to give our design partners the space and freedom to explore,” says Matt Barrett, Director of BIG Projects.

“We wanted YSG Studio to capture the essence of Nobby’s, to design a building that embraces life, light and connection, while creating a genuine sense of place.”

There are only 39 apartments in The Frederick, including a striking beach house, just 100 metres from the booming Nobby Beach precinct.&nbsp;

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Yasmine Ghoniem, Director of YSG Studio, says their vision&nbsp;for The Frederick "reinvents coastal living."

“Nobby’s has such an iconic energy, it’s one of those rare pockets of the Gold Coast where the community, the beach, and the streets all feel connected,” Ghoniem says.

"Responding to the neighbouring coastline, soothing curves add a relaxing regional overlay, while unique detailing really sets it apart. It’s a place that feels lived in from the moment you step inside.”

A standout feature of The Frederick is its rooftop terrace, an uncommon inclusion for a boutique, low-rise building, where amenity is typically concentrated at ground level.

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Positioned to capture panoramic views from the hinterland to the ocean, the rooftop has been designed as a series of intimate zones. It includes a pool, sauna, sun decks, workspaces and dedicated entertaining areas.

“The rooftop was conceived as a collection of spaces where residents can unwind and connect, an extension of the Nobby’s lifestyle,” Barrett says.

Architecture for the project was led by Plus Studio, with landscape design by LDG Landscape Architecture.

SRQ Projects Director Nick Clydsdale, who is handling sales at The Frederick, says the majority of enquiry is coming from South East QLD and Victorian buyers who have been actively searching between Broadbeach and Mermaid Beach for some time.

"They’ve reviewed a number of projects, however this one has stood out for its unique detailing and compelling design,"&nbsp;Clydsdale says.

Site demolition is slated for this month, with construction commencing soon after. BIG Projects is targeting a late 2027 completion.

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Sydney’s YSG Studio makes Gold Coast multi-residential debut with BIG Projects at The Frederick

Melbourne-based property developer ALTA Property has this week achieved planning approval for the adaptive re-use of a former commercial tower into a $200 million, 169-apartment project at 10 Queens Road, one of the last developable sites along the Albert Park Lake-fronting boulevard.&nbsp;

Set within one of Melbourne’s most sought-after precincts and designed by <a href="https://www.apartments.com.au/architects/fraser-partners-0">Fraser and Partners</a>, the illustrious building will offer unparalleled views across Albert Park Lake, Port Phillip Bay and Melbourne CBD.&nbsp;

The mix of 1, 2 and 3-bedroom residences will be complemented by a ground-floor amenity featuring private dining, a lounge bar, gym and wellness spaces, co-working, outdoor communal gardens, and retail.&nbsp;

The 17-storey building is a masterclass in adaptive re-use, with the existing commercial building’s façade, shell and internal structure to be retained, before high-end residences are built from the ground up in a newly built Albert Park facing addition to the building.&nbsp;

Sitting atop the building will be two 320+sqm penthouses with private rooftop terraces, which are expected to be priced between $9 - $11 million.&nbsp;

<img alt="ALTA Property achieves permit approval for $200 million Queens Road tower" data-entity-type="file" data-entity-uuid="aa11211b-5581-43f9-940c-fc84d30a0e61" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/C_04.png?VersionId=Yhf5p_1EgGDu_zOIMFgvA8Ug8j3sTFQs" />

Architecturally, the building will feature a curved, geometric façade that celebrates and elevates the existing structure, with warm, muted tones which were selected to extend the materiality of the existing building rather than contrast it.&nbsp;

Interiors will bring together three metre high ceilings with waffle concrete in some spaces, natural timber, granite and Australian materials, culminating in crafted, generous and considered spaces that are defined by authenticity.&nbsp;

The adaptive re-use means that the Queens Road project will be a sustainability led, high-quality finished product, with a 62% saving in carbon emissions by re-using the existing structure rather than knocking it down and rebuilding.&nbsp;

ALTA Property was launched by Nigel Givoni in 2023, bringing over 25 years of experience in multi level residential delivery.&nbsp;

Melbourne’s property market growth is currently led by apartments. According to RPM VIC Apartments &amp; Townhomes Market Report (April 2026), units are outpacing houses, especially in the middle ring suburbs where median prices hit $757,500 – a four-year high that represents 2.9 percent growth quarter-on-quarter.&nbsp;

<img alt="ALTA Property achieves permit approval for $200 million Queens Road tower" data-entity-type="file" data-entity-uuid="647e13d7-b4bc-433a-9bc9-fe3c3dd4f2ec" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/V_06.png?VersionId=ou4NUCWUgA3NAy.6CQJlEdKX50j3dOk6" />

For ALTA Property Founder Nigel Givoni, this performance speaks to the confidence he has in the Melbourne market.&nbsp;

“Queens Road represents a rare opportunity to continue to shape our presence in the Melbourne market.,"&nbsp;Givoni says.

"With a considered project team and a premier site along one of the city’s most sought-after boulevards, we look forward to contributing to the fabric of this established address.

“Other Australian markets are getting a lot of attention, but I believe the depth of value in Melbourne is being overlooked. The fundamentals are strong, population growth is steady and, based on our preliminary conversations with a leading builder, construction costs are beginning to normalise, creating further opportunity."

Givoni says the project is a&nbsp;highly considered example of adaptive re-use, delivering quality, high-end residences, premium hotel-inspired amenities and an architecturally striking façade, all achieved without the need to remove the existing structure.

"We are really looking forward to the market’s response,” he said.&nbsp;

ALTA Property to deliver $200 million Queens Road apartment tower

Toorak

Avant Garde on Tintern Avenue, a luxurious residential project in the heart of Toorak, is rapidly taking shape as construction enters full swing.

Developed by Bravo Properties, Advant Garde boasts a prime location, with the exclusive collection of homes attracting discerning buyers looking for the epitome of contemporary living.

Situated amidst a backdrop of historic and significant homes, Avant Garde seamlessly blends the past with the future. Its enviable location in a prestigious cul-de-sac offers a serene and exclusive environment, while its proximity to the vibrant Toorak Village ensures residents have access to a myriad of amenities, including boutique shopping, fine dining, and cultural attractions.

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Designed by architects Bruce Henderson and landscaped by Jack Merlo, Avant Garde showcases a seamless blend of architectural design, innovative lighting, and interior design, with the materials used in construction sourced from around the world.

Only three of the seven apartments remain available.

Each residence offers secure access, basement car parking, and a range of amenities, including an equipped gym and a private lounge.

Designer Italian kitchens and wardrobes from the esteemed House of Molteni take centre stage, coupled with Gaggenau appliances and Slavonian Oak Timber Flooring, reminiscent of European palaces. Each apartment also features a fireplace, in addition to full-height American Oak doors.&nbsp;

CoBuild has been tasked with handling the construction of the development.

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alisonwarters@gmail.com

Only three apartments remain at Toorak's Avant Garde

The Lendlease apartment community, Toorak Park, arguably holds one of the best locations in the affluent suburb.

The completed mini masterplan gets its name from the neighbouring Toorak Park on Orrong Road, which has stood proudly at the heart of the area since it was opened in 1893.

It is most well known as the home of the Prahran Football Club, who played in the now defunct VFA. More recently the&nbsp;Old Xaverians and Prahran Assumption, who play in the VAFA, call it home, as do the Prahran Cricket Club, who play in the Victorian Premier Cricket competition.

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The sports ground is getting a full overhaul by the local council, which is well underway. The current pavilion is being demolished, and will be replaced with a new Jackson Architects-designed pavilion with new lighting and terraced seating.

While under construction, with a forecasted end date toward the end of 2024, Toorak Park residents are only another 100 metres down the road from Orrong Romanis Reserve, home of Melbourne Rugby Union Football Club.

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Orrong Romanis Reserve&nbsp;has two rugby and cricket ovals and a tennis centre, as well as an off-leash dog space, a playground, and barbecue facilities.

While surrounded by park opportunities, Toorak Park appeals to the city worker, given the location of Toorak train station just the other side of the oval.&nbsp;

Surrounding the train station, spilling onto Malvern Road, is a number of cafes and restaurants, as well as tram and bus stops.

A rare opportunity to buy near-new in Lendlease's completed Toorak Park has come up, after an international fund manager secured a number of one, two, three and four-bedrooms directly from Lendlease when the building was complete.

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Now they're divesting the portfolio, which is giving apartment seekers an opportunity to buy a near-new unit in Toorak from $520,000.

The 2.5 hectare project was designed in collaboration between&nbsp;<a href="/architects/denton-corker-marshall" target="">Denton Corker Marshall</a>&nbsp;and&nbsp;<a href="/architects/carr-design" target="">Carr Design Group</a>.

The 16 building-project features extensive landscaping by landscape architecture by Tract. Open space makes up about up a third of the development, which also features a&nbsp;bluestoned plaza with a convenience store and cafe, as well as communal gardens.

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The completed mini masterplan gets its name from the neighbouring Toorak Park on Orrong Road, which has stood proudly at the heart of the area since it was opened in 1893

Toorak Park: The inviting park side lifestyle in Melbourne's most affluent suburb

Property developer Orchard Piper has progressed its plans to develop a $120m mixed-use development in Melbourne’s most affluent streetscape, Toorak Village.

They've received planning permission for the consolidated land holdings at 109 Mathoura Road and 420-426 Toorak Road, which is set to offer just nine apartments and three levels of office space. Orchard Piper will relocate their HQ to the top floor.

Orchard Piper, led by Luke McKie and Rick Gronow, are expected to commence construction in a few months. The project received its permit with unanimous support from the City of Stonnington and no further appeals lodged by the community.

“We are very encouraged by Council’s positive response to the project and their interest in supporting high-quality architecture in the municipality," McKie says.

"This approval will transform a key corner of the Village and make a significant contribution to the streetscape, further driving the Villages’ ongoing resurgence,” says Orchard Piper Director.

The green light for the Toorak Village project marks Orchard Piper’s evolution toward more significant, mixed-use development, appointing internationally renowned Kerry Hill Architects (KHA), who are most known for their award-winning luxury hotel and resort portfolio which includes several Aman Resorts destinations in New Delhi, Tokyo, Kyoto and Shanghai. It will be KHA's first project in Victoria.

“Together with KHA, we are highly conscious of the impact the built form has on community and its enjoyment of streetscapes and surrounds," Mckie added.

"We take pride in our work and hope this quality addition to Toorak will be an asset for generations to enjoy."

Adding to Orchard Piper’s $1.1 billion portfolio, with $200 million of completed projects in the Stonnington locale alone, approved plans for the corner site will see a six-storey residential building complemented by high-end ground-floor retail and commercial offerings.

<img alt="Orchard Piper Toorak Village" data-entity-type="file" data-entity-uuid="47652e17-724f-406e-b36a-9ab5f6c73af4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-04-13%20at%208.20.38%20am.png?VersionId=P9wTi9cyta6BVjbJPkHEpJOB2nUxcgBs" /> 
Fronting 109 Mathoura Road, the residential building will offer just nine apartments, each with three bedrooms and a minimum of three side-by-side car spaces. There will be just two apartments per floor.

Separately at 420 Toorak Road will be three floors of premium offices, with a covered retail colonnade activating the street level allowing premium-grade strata office stock to be purchased within the Village for the first time in over two decades.

Already Orchard Piper has sold the whole floor, 400 sqm penthouse, for $12.5 million, to a Melbourne business identity.

“We have received keen interest from our established network in preparation for this project – so much so, that we have been working with the purchaser of the penthouse for a few years now," Orchard Piper Director Rick Gronow says.

"They realise how rare of an offering this project is, and wanted to make sure they secured one of Melbourne’s finest penthouses ahead of the market, based on their previous knowledge of the quality that Orchard Piper delivers.”

Marshall White's Marcus Chiminello, as well as Kay &amp; Burton's Andrew Sahhar, to conjunctionally sell the remaining apartments.

“We’re seeing the high-end prestige market continually performing in a strong manner which defies the general negative commentary created by increasing rate hikes," Chiminello says.

Inventory levels for quality properties are not keeping up with the pent-up demand for downsizers looking for bespoke, lock-up-and-leave apartments in and around Toorak Village,” says Chiminello.

“Stonnington Council is actively investing in the streetscape’s upgrade, and with younger generations coming through there is a lot of interest in securing a piece of the new Village.”

Orchard Piper’s Toorak Village project is one of its four current projects, part of its $800m pipeline scheduled for annual completion over the next five years.

Currently in its design phase, the developer’s subsequent offering for Toorak Village will see a continuation of the developer’s partnership with KHA for a $400m mixed-use development at the <a href="/news/vic/former-site-of-mercedes-benz-toorak-set-for-400-million-transformation">well-known Mercedes Benz Toorak site</a> located at 7-11A &amp; 17-19 Carters Avenue.

The Toorak Village project is set to officially launch to market in the coming months.

<a href="/news/vic/former-site-of-mercedes-benz-toorak-set-for-400-million-transformation">Read more:&nbsp;Former site of Mercedes-Benz Toorak set for $400 million transformation</a>

<a href="/news/vic/orchard-piper-and-carter-group-set-for-300-million-st-kilda-rd-hotel-and-apartments">Orchard Piper and Carter Group set for $300 million St Kilda Rd hotel and apartments</a> 
&nbsp;

Orchard Piper secure planning permit for Toorak Village development as penthouse sells for $12.5 million

Toorak has long been billed as Melbourne's most blue-chip suburb.

It's where the most expensive real estate in the state is located. A recent report by The Australian found there's more billionaires and millionaires in the 250 Rich List living in Toorak than any other suburb in Australia.

The majority of new apartment developments coming onto the market in Toorak generally start at $2 million, and are targeting either the local downsizer, or a downsizer from another neighbouring affluent suburb.

Given the suburb is dominated by families (over 60 per cent according to the latest census), there's been very little opportunity to secure new, or even near new, apartments built this side of even 2010, which makes the latest offering a rare proposition for those trying to enter the Toorak market.

A mix of one, two, three and four-bedroom apartments have been listed in Toorak Park, the $500 million masterplanned project which was delivered by the ASX-listed development giant Lendlease.

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An international fund manager secured a number of apartments when the project was completed a few years ago, and is now deciding to sell the assets.

The 2.5 hectare project, aptly named Toorak Park given its located behind the leafy Toorak Park, was designed in collaboration between&nbsp;Denton Corker Marshall and Carr Design Group.

The 16 building-project features extensive landscaping by landscape architecture by Tract. Open space makes up about up a third of the development, which also features a&nbsp;bluestoned plaza with a convenience store and cafe, as well as communal gardens.

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Denton Corker Marshall director John Denton said the practice took its cues from its local surroundings.

"We looked at the Beatty Avenue shops on one side of the lines and saw we could create a place with its own character on the other side," Denton said.

"We wanted to build a village within a village.

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"We sought to open up access to the railway station and Beatty Avenue from Orrong Road by creating a central boulevard that is, in effect, a new leafy road in Armadale. The newest area in the neighbourhood will connect with one of the oldest."

There's extensive resident facilities, including a swimming pool and a gym.

Predominantly owner-occupied, Toorak Park sits in one of the area's most connected pockets, just across the road from Toorak Station and just off the lively Orrong Road.

Every one-bedroom apartment on offer has a car park, unheard of in the entry-level Toorak apartment market, which in itself has been unheard of for a number of years.

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A mix of one, two, three and four-bed apartments have been listed in Toorak Park, the $500 million masterplanned project which was delivered by Lendlease

Toorak Park: A rare opportunity to buy in Toorak's best residential village

Orchard Piper have teamed up with Corsair Investment Management in a deal that will see a luxury $400 million mixed-use precinct developed at 7-11A and 17-19 Carters Avenue, progressing the developer’s plans to add $550 million worth of residential, commercial and retail development in Melbourne’s sought-after, Toorak.

The joint venture comes after the 3,600 sqm well-known Mercedes Benz site was acquired by the developer in May for $67 million.&nbsp;

In a bid to regenerate Toorak Village as a thriving high street, Orchard Piper Director, Luke McKie said the partnership is only bolstered by the Buxton family’s six generations of property history.&nbsp;

“Corsair align and support our design-led approach to architectural development. They bring a rare level of expertise and knowledge together with 100-plus years of multi-generational experience represented by the Melbourne based, Buxton family name,” McKie said.

<img alt="aerial shot of the site" data-entity-type="file" data-entity-uuid="393d700c-a526-476c-a4ed-36a967eb0fe9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/7_11_Carters_Ave_Wide_23.jpeg?VersionId=RZfMnvX8yIJE8OQWufUjiGlDly3DaAwL" />Aerial image of the Toorak site. Image supplied.&nbsp;

Orchard Piper are due to commence discussions with Stonnington Council in the first half of 2023 to inform the design submission, as the development marks just one of four projects penned for the area, forming part of its $800 million pipeline scheduled for annual completion over the next five years, adding to their already $1.1-plus billion portfolio.

With $200 million worth of projects previously completed in Stonnington alone, the development will see a high-end, architecturally significant, residential development delivered, complemented by hospitality, retail and strata commercial, suited to local owner-occupiers.&nbsp;

A distinctive offering for the suburb, the project will also include full concierge services and amenities for residents, including a pool and a gym.

“We have again appointed highly regarded and world renowned, Kerry Hill Architects to design the precinct, which will arguably become the most high-end building for Melbourne’s most affluent suburb,’ said McKie.

“Landholdings of this scale and proximity to the Village are incredibly rare. We will take our time 
designing this project to ensure we achieve an architectural response befitting of the significance of this opportunity.”

Orchard Piper have been progressively building a significant stake in Toorak Village’s revitalisation with the culmination of ten individual titles acquired since 2019, bringing the developer’s land holdings in the Village in excess of 5,000 sqm.&nbsp;

Well-positioned to brace market uncertainties, the joint venture brings a unified position to the market, and to future plans for the Village, further complemented by Orchard Piper’s own $150 million luxury mixed-use project located at the corner of Toorak and Mathoura Road, as well as Vicland’s $600 million office and retail tower due for completion in early 2023.

Corsair Executive Chairman, Michael Fowler said the group is underpinned by family values, with a proven track record within the niche area of high-end development.&nbsp;

“We have an in-depth understanding of the landscape, nuances, pressures and opportunities of the current market,” Fowler said.&nbsp;

“With Orchard Piper’s unrivalled reputation and brand not only within Stonnington but across Melbourne, our joint venture will offer a unique opportunity for luxury living that is bound to re- energise the Village’s status and identity as one of the most lucrative streetscapes in Australia.”

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Orchard Piper have been progressively building a significant stake in Toorak Village’s revitalisation with the culmination of ten individual titles acquired since 2019, bringing the developer’s land holdings in the Village in excess of 5,000 sqm. 

Former site of Mercedes-Benz Toorak set for $400 million transformation 

With the building industry hit hard by the recent material price rises, along with twin evils of short supply and inflation, the result is many developers are either falling short and not able to deliver a product, or many are opting for lower quality construction options.&nbsp;

One of a handful of bespoke projects to be constructed on time during the hardships is 63 Heyington Place, Toorak Melbourne.&nbsp;

[smartcode_project:default project_id=4508 project_image_fid=134371] 
&nbsp; 
Developed by Melbourne-based, Sterling Global, Heyington is clad in Portuguese limestone, demonstrating an effort for high quality construction.&nbsp; 
&nbsp; 
Visioneer Builders overcame challenges with the use of the limestone panelling, as each small area required multiple stonemasons to ensure the joints and architectural elements were immaculately aligned and pieced together.&nbsp;

Sterling Global Development Director, David Morgan, said Heyington would be difficult to deliver in today’s market with today’s construction and supply costs.&nbsp; 
&nbsp; 
“Sadly, I think lavish stone facades and premium building materials will become all the more rare and exclusive as many developers and builders struggle to deliver high-quality projects with the current cost and supply chain challenges,” he said.

[smartcode_project:default project_id=4508 project_image_fid=134372]

With its exterior structure designed predominantly using the Portuguese limestone cladding render, along with detailed timber soffits, the building looks to serve as a timeless long-term building in one of Melbourne’s oldest and most established suburbs.&nbsp;

In collaboration with Acre Landscape Architects, the 12 apartments have been envisioned as an urban oasis, set to create its own identity amongst the history of Toorak.&nbsp;

Proving further evidence toward the considered design, Heyington was recently announced as a finalist in the Interior Design Excelled Awards under the multi-residential category.&nbsp;

The IDEA is Australia’s most accomplished independent design awards program and judges across fifteen categories and six awards with the finalists set to be announced in November at the IDEA Gala.

[smartcode_project:default project_id=4508 project_image_fid=134374]

Construction has completed on the Toorak project, with a limited number of residences remaining.&nbsp;

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With its exterior structure designed predominantly using the Portuguese limestone cladding render, along with detailed timber soffits, the building looks to serve as a timeless long-term building in one of Melbourne’s oldest and most established suburbs. 



Sterling Global deliver limestone-clad apartments to Toorak

The luxury apartment developer, Orchard Piper, has paid $67 million for the Mercedes Benz dealership in Toorak, with a view to create a new mixed-use precinct.

The sprawling 3,600 sqm&nbsp;site at 7-11A and&nbsp;17-19 Carters Avenue, in the heart of Toorak&#39;s retail and commercial precinct, will see&nbsp;$150 million worth of luxury apartments developed, as well as offices and shops, to revamp the village as a vibrant and modern-day high street.

It&#39;s been a three years process for Orchard Piper to secure&nbsp;the 10 individual titles. In addition to the recent purchase, Orchard Piper spent $28&nbsp;million on a 1,400 sqm holding on the corner of Toorak and Mathoura Road, taking their spending in the affluent Melbourne suburb to just under $100 million. The end value across the two projects is expected to be $550 million.

Primed as the last remaining site in Toorak Village, earmarked as a Key Development Site under the Stonnington Council&rsquo;s planning scheme, Orchard Piper is set to submit plans for the site&rsquo;s reformation as a $400 million mixed-use precinct featuring a &lsquo;super-premium&rsquo; residential offering with class leading lifestyle amenities, complemented by high-end retail and commercial suites for boutique family office style owner-occupiers.

Orchard Piper, led by Luke McKie and Rick Gronow, secured the sites from the Hagen family, who had pieced the landholding together since 1932.

&ldquo;Having a close and trusting relationship with the Hagen family allowed us to shape this deal to suit the vendors, they were interested in a high quality outcome for the site, given their longstanding ownership and history,&rdquo; Gronow says.

&ldquo;We have great respect and admiration for the long-standing partnership John Worrell and Karl Hagen shared. The Worrell family began piecing this land together in 1932, following World War I, which eventuated in this un-repeatable parcel on the doorstep of Toorak Village.&quot;

This latest acquisition made by Orchard Piper takes the developer&rsquo;s pipeline to more than $1.1 billion of addresses in Melbourne&rsquo;s most blue-chip locations.

Regarded as Melbourne&rsquo;s leading luxury developer in the residential sector, Orchard Piper&rsquo;s recent Stonnington project Huntingtower Road was last month awarded the National Winner of the Master Builders Associated for best Medium Density building over five dwellings.

[smartcode_project:default project_id=9033 project_image_fid=28445]

Designs for the revamping of the Mercedes Benz location are set to be unveiled in 2023, with construction to commence the following year in-line with Mercedes&rsquo; lease ending. Construction on the Mathoura and Toorak Road corner site is on track to commence early next year.

McKie says the architectural response to the 3,600 sqm site should reflect the significance of its location.

&quot;We&rsquo;ve been actively involved in the area for over thirteen years, having developed six previous projects within minutes of this site,&rdquo; McKie says.

&ldquo;It is now widely acknowledged that Toorak Village is coming into a new era. This combined with our two new sites and Stonnington Council&rsquo;s recent street art and furniture investment will ensure the Village lifts to new heights.&quot;

Orchard Piper, led by Luke McKie and Rick Gronow, secured the sites from the Hagen family, who had pieced the landholding together since 1932

Orchard Piper secure Toorak's Mercedes Benz dealership, plot mixed-use precinct

Long favoured by Melbourne&#39;s elite, the suburb of Toorak is highly-regard as one of the most sought-after postcodes in the state.

With mansion lined streets and leafy green spaces, the area seeps heritage and history at every corner, home to the longstanding&nbsp;Toorak House, which was built just before the discovery of gold in Victoria and considered to be possibly the oldest&nbsp;surviving mansion in the state.&nbsp;

Stepping into the modern era, the area&#39;s central hub, Toorak Village, boasts an array of eclectic restaurants and cafes, and boutique retailers, with the South Yarra neighbour home to all that is desired and required.&nbsp;

Often referred to as the &#39;Beverly Hills of Melbourne&#39;&nbsp;due to its mansions and affluent residents, those looking to step out can easily access Melbourne&#39;s CBD, which sits just five-kilometres away, although there often isn&#39;t any need to venture too far.&nbsp;

A&nbsp;number of Melbourne&rsquo;s most prestigious schools can also be found within Toorak&rsquo;s boundaries, like&nbsp;St Catherine&rsquo;s School&nbsp;and St Kevin&rsquo;s College.

One of the most striking developments on the market, recently launched by the Sydney-based SPG Group, is Euroka.

[smartcode_project:default project_id=109759 project_image_fid=185215]

Euroka keeps in style with Toorak, drawing inspiration from&nbsp;Melbourne&rsquo;s iconic Roy Grounds House, which was&nbsp;once home to one of Victoria&rsquo;s most influential modern architects.

There&#39;s just 10 luxury apartments on offer, created by the renowned Carr Design team.

Carr&#39;s Managing Director Chris McCue says&nbsp;Euroka&rsquo;s brutalist form is expressed in precast and off-form concrete.

[smartcode_project:default project_id=109759 project_image_fid=185212]

&ldquo;The heavy-weight nature of the concrete structure appears to float above the ground-floor apartments,&quot; McCue says.

Upon entry, residents are welcomed to a body of water, leading to a light-filled atrium entry that incorporates landscape design in conjunction with Acre Studio.

&ldquo;Our design philosophy prioritises interior spaces that open out to external views,&quot; McCue added.

&quot;This has been consistently applied throughout the project&rsquo;s planning strategies, with the axes aligned across each of the unit types to each of the 10 apartments.

[smartcode_project:default project_id=109759 project_image_fid=185218]

&ldquo;Overhead voids cut into expansive first-floor terraces greater connect plan types to view and light with broad open plan spaces across the northern and southern facades.&quot;

With a&nbsp;robust form, and&nbsp;a gallery-like, three-tiered elevation, each apartment has been designed with a unique aspect across the three levels.

Residents also benefit from easy access to a number of Toorak&#39;s best amenity, including&nbsp;the Main Yarra Trail which winds its way along the iconic Yarra River.

[smartcode_project_cta: project_id=109759]

Stepping into the modern era, the area's central hub, Toorak Village, boasts an array of eclectic restaurants and cafes, and boutique retailers.

Why Toorak is one of Melbourne's most sought-after suburbs

The Sydney-based developer, Sun Property Group, are breaking in to the Melbourne apartment market, and they&#39;re starting in one of the Victorian capital&#39;s most blue chip suburbs.

SPG has just launched Euroka, a boutique collection of apartments in the heart of Toorak.

Euroka, at 5 Brookville Road, is inspired by Melbourne&rsquo;s iconic Roy Grounds House &ndash; once home to one of Victoria&rsquo;s most influential modern architects.

The renowned architect and design firm, Carr Design, has created the 10 luxury apartments, which includes two ultra-luxury penthouses. Euroka will feature&nbsp;a distinctive geometric fa&ccedil;ade, taking cues from the rich texture of local neo-brutalist architecture. &nbsp;&nbsp;

[smartcode_project:default project_id=109759 project_image_fid=185211]

The theme of&nbsp;Euroka&nbsp;is &lsquo;welcome to the light&rsquo;, with the developer given permission from the Aboriginal Council, Wurundjeri Woi Wurrung Cultural Heritage Aboriginal Corporation, to use the name.

Sun Property General Manager, Cameron Johnson, said there&#39;s a big difference in what can be developed in Sydney and Melbourne.

&quot;In Sydney&#39;s it all about trying to create apartments that will get glimpses of the harbour, or views of the city,&quot; Johnson says.&nbsp;

&quot;In Melbourne, those opportunities aren&#39;t quite there, the topography is very different, Melbourne is very flat.

[smartcode_project:default project_id=109759 project_image_fid=185217]

&quot;So you have to find different opportunities, in design, craftsmanship, size, quality etc. You need to be able to underpin the same level of distinguishment than what you can achieve in Sydney simply by having higher apartments with views.&quot;

The sleek low-rise apartments &ndash; set over three levels &ndash; feature linear shapes, beautiful glazing and what appears to be almost &lsquo;floating&rsquo; concrete, softened by landscaping.

The site, located at 3-5 Brookville Road is set back from the road and will be nestled behind landscaped gardens. Deep sculptural planters will provide privacy to residents, while its dramatic entry will include a 16m reflection pond.

Natural light has been a strong theme in how&nbsp;the apartments have been arranged. Each apartment has been created to be like its own private gallery, with oversized floorplans extending outdoors to large terraces or private courtyards.

The apartments at Euroka&nbsp;are generously sized, with a three-bedroom floorplan measuring around 160sqm. The project will have two penthouses, each with an expansive floor plan measuring 260 sqm.

[smartcode_project:default project_id=109759 project_image_fid=185218]

Construction on&nbsp;Euroka&nbsp;is due to commence in February, with a completion expected by June 2023. &nbsp;

Sun Property has been developing primarily in Sydney&#39;s affluent Lower North Shore area, with projects in Neutral Bay, Mosman&nbsp;and Willoughby recently.

&ldquo;It is the right time for us to expand what we offer to our customers into a different city &ndash; there are great schools, excellent services and wonderful surroundings in Melbourne&rsquo;s south-eastern suburbs,&rdquo; he said.

&ldquo;What influences our design is the customer &ndash; we really drive towards trying to understand what it is they are looking for and how they want to exist in their home.

[smartcode_project:default project_id=109759 project_image_fid=185214]

&ldquo;We present a design and an idea of what it can be &ndash; but what we are willing to do is to take that extra step and work with the customer very collaboratively to deliver a home that meets what they want and need.&rdquo;

Sun also has another site in Toorak, closer to Hawksburn Village at&nbsp;226-228 williams road Toorak. The 16 apartments, a mix of two and three-beds, will be more atune to trying to find a younger customer, as well as some downsizers, Johnson says.

They are looking to further pad out their Melbourne pipeline in the next six months.

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Euroka, at 5 Brookville Road, is inspired by Melbourne’s iconic Roy Grounds House – once home to one of Victoria’s most influential modern architects

Sun Property Group make first move in to Melbourne with luxury Toorak apartment development, Euroka

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The luxury apartment sector has been the final piece to fall back in to place following the COVID-19 pandemic effect on real estate.

That's the view of Kay &amp; Burton director of special projects Damon Krongold, who said the whole luxury apartment sector shut down.

"Everything went on hold", Krongold said, particularly the downsizer demographic.

"That demographic froze in situ and it has been the last area of the property market to come back," Krongold added.

[smartcode_project:default project_id=4508]

However the market is now back, with the increased momentum for transactions in existing homes starting to filter through to the luxury apartment sector once more.

Krongold says there's been a genuine spike in recent weeks for products such as Heyington, the luxury Sterling Capital developed boutique apartment project in the heart of Toorak.

<a href="/buildings/heyington-63-heyington-place-toorak"><img alt="" height="779" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/heyington_3.jpg" width="1265"></a>

Heyington, designed by Carr Architecture in collaboration with landscape architecture firm Acre, has just 12 apartments, each having three bedrooms. Over 50 per cent of apartments have now sold in the block.

Krongold advises it's been the natural trend of those selling, with locals and the immediate surrounding areas the most keen on the project.

"They're selling out their larger homes which have high maintenance and gardens and are wanting a turn-key solution and lifestyle," Krongold says.

He suggests the pull of Heyington's location has been a drawcard, with that demographic keen on being closer to amenities such as Toorak village and near the Monash freeway to get out of town to go beachside and head down to the Peninsula.

Heyington apartments, featuring genuine stone, start from $3,295,000.

The two ground floor apartments feature large outdoor planted gardens, spanning 115 sqm and 189 sqm, larger than most gardens in metropolitan Melbourne houses.

<a href="/buildings/heyington-63-heyington-place-toorak"><img alt="" height="736" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/heyington_1.jpg" width="1200"></a>

Apartment 103 features over 240 sqm of outdoor terraces, both hard-paved and landscaped, with its own swimming pool. That's priced at $4,851,000.

Construction is slated for completion around four to six weeks sooner than expected despite the COVID-19 interruptions, with residents expected to move in in late 2021.
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"Everything went on hold", Krongold said, particularly the downsizer demographic.

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