An entity directed by HSN's Rafi Assouline and Rebel Property's Allen Linz has filed plans for an impressive new precinct in Woolloomooloo.

The major mixed-use development would transform a prominent William Street site into a new residential village anchored by affordable housing and a large public park.

The proposal, submitted as a State Significant Development Application, covers 164-172 and 174-194 William Street, a 6,398 sqm site between Forbes Street and Dowling Street on the southern edge of Woolloomooloo.

Designed by fjcstudio in collaboration with Bangawarra, Studio Bright and Tribe Studio Architects, the scheme would deliver 227 apartments across four residential buildings ranging in height up to 18 storeys, alongside retail space, public domain improvements and a new publicly accessible park.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="0eb59b7c-914a-4a5c-b849-3a56749f5e93" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.18.51%E2%80%AFAM.png?VersionId=mxM6EEqeoLjrCiTlCzTKTvzpKuh6kSkH" />

It's another design scheme for Rebel, who took <a href="https://www.apartments.com.au/news/nsw/first-look-rebel-property-group-takes-woolloomooloo-precinct-to-nsw-government">concept plans to the NSW Gov late last year</a>.

The latest plans will be a mix of 167 build-to-sell apartments and 60 affordable apartments, with the affordable housing component representing 15 per cent of the project's gross floor area. The apartment mix includes 12 one-bedroom, 53 two-bedroom, 89 three-bedroom apartments and 13 penthouses, while the affordable housing component would comprise 42 one-bedroom and 18 two-bedroom apartments.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="3b3d4553-8a8c-4af5-aa8c-519ffb1e28c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.20.12%E2%80%AFAM.png?VersionId=_Yb6ibN7eDnOtQjCNDK2eviORa4qzgv." />

Rebel Property is seeking to take advantage of the NSW Government's infill affordable housing bonus provisions under the Housing SEPP, which provide additional floor space and height in exchange for the delivery of affordable housing for a minimum of 15 years. The planning pathway allows a 30 per cent increase in floor space ratio and building height where 15 per cent of the development is dedicated to affordable housing.

&nbsp;

At the centre of the development is a 1,356 sqm sunlit public park designed to become a new community gathering space at the gateway to Woolloomooloo. The park would be complemented by a network of pedestrian laneways connecting William Street with the surrounding streets, improving permeability through what is currently a largely impermeable block.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="257af931-a393-4007-8c6d-7219796df58d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.20.51%E2%80%AFAM.png?VersionId=KAHy94GrhaReFsWTGDKfy39EDJ8gEEv4" />

The design team says the public domain has been heavily influenced by the site's topography and Aboriginal cultural heritage, drawing on the escarpments, gullies and landscape characteristics that historically defined the area before urbanisation. The landscape design has been developed in partnership with First Nations consultancy Bangawarra.

The project would be delivered across four separate buildings. The William Street East and William Street West buildings, designed by fjcstudio, would contain the majority of the apartments. Melbourne-based Studio Bright has designed the Forbes Street building, while Tribe Studio Architects is responsible for the Dowling Street building.

Rebel had secured approval for the concept plans late last year.

Joel Robinson

First look: HSN, Rebel, advances Woolloomooloo precinct plans

A locally heritage-listed furniture showroom on Water Street is set to become the centrepiece of a new mixed-use residential development as local developer&nbsp;<a href="https://www.apartments.com.au/developers/keylin-group">Keylin</a> seeks approval for <a href="https://www.apartments.com.au/new-apartments/lotus-on-water-street-290-water-street-fortitude-valley-qld-4006">Lotus on Water Street</a>, a 15-storey project on the Fortitude Valley side of Spring Hill.

The proposal spans 290 Water Street and 137-141 Warry Street, combining several properties into a 2,869 sqm site that sits between Fortitude Valley, Spring Hill and the rapidly evolving Victoria Park precinct. Keylin's plans would deliver 132 apartments alongside new retail, hospitality and commercial space, while retaining and repurposing the historic Brunswick Home Furnishers Showroom that fronts Water Street.

Designed by <a href="https://www.apartments.com.au/architects/jackson-teece">Jackson Teece</a>, Lotus on Water Street comprises a 12-storey residential tower rising above a three-storey podium and communal rooftop terrace. The development includes 76 apartments classified as multiple dwellings and a further 56 units proposed as short-term accommodation, designed to be flexibly used as either accommodation or permanent residences. The apartment mix comprises six one-bedroom, 54 two-bedroom and 16 three-bedroom homes.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="9822bb79-6c49-49c9-95ba-319e8c8d81c3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20front.png?VersionId=ioW8zbN4UVebbLetTFuv92t.HkdgfR5e" />

Residents would have access to an extensive rooftop recreation level spanning more than 1,200 sqm of communal open space. Plans include a pool, gym, sauna, infrared sauna, yoga area, library, private dining room, barbecue facilities and landscaped entertainment spaces, making the rooftop the project's largest shared amenity offering.

At street level, the proposal focuses on the adaptive reuse of the heritage buildings along Water Street, where 518 sqm of retail and commercial space is planned across shop, office and food and drink outlet uses. A permeable residential lobby would be positioned between the retained heritage buildings, creating a pedestrian connection between the historic streetscape and the new tower behind.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="269cf3e0-7d13-48bf-a318-05a00deb5c10" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20podium.png?VersionId=DLXmTCLsp6GOcLpQ0h.0z7wKCw59EhN_" />

The heritage retention strategy is central to the scheme. The development application notes that the Brunswick Home Furnishers Showroom and adjoining heritage buildings will remain, with only non-significant structures on the site earmarked for removal under a previously issued Heritage Exemption Certificate. Levels one and two of the new podium are recessed behind the heritage façades to maintain their prominence within the streetscape.

Jackson Teece has drawn inspiration from the site's manufacturing history when designing the podium. The planning documents state that the façade incorporates perforated metal screening that references the woven and rattan furniture historically produced on the site. Cascading and climbing plants are integrated throughout the podium to soften the building's presentation and screen parking levels behind. The landscape strategy also informs the project's name, Lotus on Water Street, drawing on the historic Spring Hollow waterholes that once ran through Spring Hill and the blue water lilies associated with Meeanjin, Brisbane's traditional name.

The proposal also incorporates the neighbouring property at 141 Warry Street, currently occupied by a healthcare service. The existing building would remain, with nine dedicated parking spaces allocated within the new development to support its ongoing operation. In total, Lotus on Water Street proposes 117 car spaces, including 110 resident spaces and seven visitor bays, alongside 100 bicycle spaces.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="70cf07bc-4fd8-4e70-92dd-be8b21c4e4f0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20site.png?VersionId=txlxrJImM0Sm_vTzHVKh5DDUkyL_CiiA" />

The site sits within the Spring Hill East Precinct of the Spring Hill Neighbourhood Plan and is positioned around 650 metres from both Fortitude Valley Station and Exhibition Station. It is also within walking distance of the King Street precinct, Royal Brisbane and Women's Hospital, Herston Quarter and Victoria Park, which is earmarked to become a major venue precinct ahead of the Brisbane 2032 Olympic and Paralympic Games.

Planning documents describe the location as a key gateway between Spring Hill and Fortitude Valley and highlight the area's increasing importance as new transport infrastructure and Olympic-related investment reshape Brisbane's inner north. The development team argues the project will contribute additional housing supply while activating a section of Water Street that has historically received less investment than other parts of the Valley.

Keylin has become increasingly active across Brisbane and southeast Queensland, assembling sites in strategic inner-city locations. They are currently selling and delivering <a href="https://www.apartments.com.au/new-apartments/oria-spring-hill-447-gregory-terrace-spring-hill-qld-4000">Oria Spring Hill</a>, just over 140 apartments due for completion in 2027.

Keylin plans heritage-led Lotus on Water Street apartment development in Fortitude Valley

Roseville is poised for a wave of new apartment development following the NSW Government's rezoning of land around Roseville Station under its Transport Oriented Development program.

The new planning controls have unlocked significant development potential within walking distance of the station, with a number of sites expected to be amalgamated and redeveloped in the coming years as developers seek to take advantage of the increased density allowances.

One of the more restrained developments in the precinct, and set among the first to be delivered having commenced well before the recent changes, is Hyecorp's Juliet. The boutique apartment project is already well under construction and remains on track to welcome residents by the end of the year, offering a markedly different proposition to many of the larger-scale developments now likely to emerge across the suburb.

[smartcode_project:default project_id=7395 project_image_fid=278194]

<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet</a> will comprise just&nbsp;34 one-, two-, and three-bedroom apartments opposite Roseville Station. For Hyecorp, which has delivered projects across Sydney's Lower North Shore for more than three decades, Roseville presented a rare opportunity to address a growing gap in the market.

"<a href="https://www.apartments.com.au/developments/roseville-nsw-2069">Roseville</a> has long been one of the North Shore's most tightly held and desirable suburbs, offering a unique combination of village charm, established greenery, excellent transport connections, and proximity to some of Sydney's best schools and lifestyle amenities," Hyecorp said.

"We recognised a growing demand from local homeowners seeking to downsize without leaving the community they have built their lives around. The location presented a rare opportunity to create homes that cater specifically to that buyer profile."

[smartcode_project:default project_id=7395 project_image_fid=278196]

The six-level development has been designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a> as a collection of residences that feel more like homes than apartments. The brief centred generous floorplans, abundant natural light, quality finishes, and strong connections to outdoor space.

PBD Architects drew inspiration from Roseville's established garden suburb character, creating a building that sits comfortably within its surroundings rather than dominating them. The architecture incorporates natural materials, soft forms, layered landscaping, expansive balconies, and generous setbacks to strengthen the connection between residents and the suburb's leafy environment.

"The focus was on designing spacious, house-like residences for discerning owner-occupiers and downsizers who wanted to remain on the North Shore without compromising on comfort, privacy, or design," PBD said.&nbsp;

"Every apartment was to feel considered, timeless, and highly functional."

[smartcode_project:default project_id=7395 project_image_fid=278195]

Inside, residences feature engineered timber flooring, stone kitchen benchtops and splashbacks, integrated Fisher &amp; Paykel appliances, ducted air conditioning, and large outdoor entertaining areas designed to take advantage of district and treetop views.

Residents will also have access to a rooftop barbecue and lounge area, alongside practical amenities including parcel lockers, EV charging capability, bicycle storage, a dog wash bay, and a basement car wash facility.

The majority of purchasers so far have been local owner-occupiers from Roseville, Lindfield, Chatswood, Killara, and the broader Upper North Shore, many of whom are transitioning from larger family homes.

"Buyers are looking for spacious, house-like apartments that allow them to downsize without feeling like they are sacrificing comfort or functionality," Hyecorp noted.

"They value large kitchens, generous living areas, ample storage, quality finishes, secure parking, lift access, and low-maintenance living."

[smartcode_project:default project_id=7395 project_image_fid=278204]

Juliet sits directly opposite Roseville Train Station and within walking distance of Roseville Village, while Chatswood's retail and dining precinct is only minutes away. The development is also surrounded by some of Sydney's most established schools, including Roseville College, Ravenswood, Pymble Ladies' College, and Knox Grammar, as well as nearby parklands and golf courses.

Juliet is currently more than 75 per cent sold ahead of its anticipated completion in late 2026.

[smartcode_project_cta:default project_id=7395]

Juliet to sit quietly amid Roseville apartment boom

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]

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

Urbanest

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Further details for Hayball's latest student accommodation project, which will form part of the University of Melbourne’s Carlton Connect innovation precinct, have been released. 

Located on the corner of Swanston and Grattan streets in Carlton, the new precinct will be a completely integrated development providing spaces for industry, research and development, academia, accommodation for postgraduates, a public showcase and community facilities such as childcare and retail.

As part of the Lendlease-led consortium delivering the project, Urbanest Australia will operate the on-campus student accommodation component of the development, its first foray into campus housing.

The Hayball designed project will be centrally located, forming the heart of the precinct, and will deliver 527 beds and extensive multi-purpose spaces to cater to the postgraduate market as well as visiting academics.

<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/len0678_carltonconnect_s050_ext_grattancardigan_streetview_r02.jpg" rel="gallery-all" title="Hayball's design for Urbanest will include 527 beds and multi-purpose space. Image: Hayball"><img alt="" class="image-article-full-width-580px" height="322" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/len0678_carltonconnect_s050_ext_grattancardigan_streetview_r02.jpg?itok=oSsG88w6" title="Hayball's design for Urbanest will include 527 beds and multi-purpose space. Image: Hayball" width="580"></a>

<figcaption>Hayball's design for Urbanest will include 527 beds and multi-purpose space. Image: Hayball</figcaption></figure><blockquote>
Innovation districts are becoming more popular across the globe, but what makes this Melbourne example so special is that it will also be a home for students and academics. Postgraduate students and visiting academics will experience true immersion in the precinct, living and breathing their research or studies while making the most of countless networking opportunities and Melbourne’s vibrant culture on their doorstep.

With contribution to the design process from leading student accommodation provider, Urbanest, design decisions reflected the maturity of the provider and were made with a focus on quality and functionality, while equally ensuring relevance to market, particularly regarding affordability.

A crucial consideration was bringing the enthusiasm and activity unique to academic culture into the common spaces and use this to extend and enhance engagement.

The spatial manifestation of this initiative is the vertical street: an interconnected staircase, directly adjacent to the communal spaces, and opposite the lift core. No walls, no glazed partitions and no doors – a true atrium, open, connected and inclusive.

- Thomas Gilbert, Hayball Principal
</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/len0678_carltonconnect_s060_courtyard_r01.jpg" rel="gallery-all" title="Open space particularly in a tight urban context was a critical part of the design. Image: Hayball"><img alt="" class="image-article-full-width-580px" height="463" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/len0678_carltonconnect_s060_courtyard_r01.jpg?itok=OOQl9L3G" title="Open space particularly in a tight urban context was a critical part of the design. Image: Hayball" width="580"></a>

<figcaption>Open space, particularly in a tight urban context, was a critical part of the design. Image: Hayball</figcaption></figure>The basis for Hayball's design was for space which encourages and facilitates students and academics to meet, interact, exchange views and generate ideas within a flexible, and connected precinct.

The design features an expansive mixed-use space within an atrium which is accessed via an open and transparent ground floor foyer and connects to a verdant podium terrace. The major focus of activity is centred around the external oculus space.

According to Hayball, for the current generation of students work, life and study are all intertwined. This was the key driver behind dedicating a third of the vertical street as an informal social precinct with both informal and formal multipurpose areas and outdoor terraces. The intent is that these spaces will assist students in building connections and developing a community.

A series of intimate lounges are scattered over several floors to facilitate socialising in addition to a rooftop level featuring a diner, cinema and expansive outdoor lounge/exercise area.

Urbanest Carlton Connect is one of a handful of student accommodation projects Hayball is designing, with a number of others in collaboration with the University of Melbourne within the wider precinct. 
</body></html>

Laurence Dragomir

Further details of Hayball's design for Carlton Connect emerge

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Journal Student Living's move on 500 Swanston Street headlines a fresh drive of student accommodation projects looking to call Carlton home.

The $60m build would be Journal's second Melbourne project after 18-32 Leicester Street which is in the hands of Icon Construction. Journal Student Living is backed by South African company Redefine Properties.

500 Swanston Street as the current home of the CFMEU accounts for a 1,388sqm land plot and finds itself in the midst of a handful of student accommodations buildings. METIER3 have designed the newest member of the pack to include 710 student beds across 18 levels.

Spanning 57 metres in height, the development will also include heavily activated lower levels and roughly 1,700 square metres of student communal space.

<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/image43_7.jpg" rel="gallery-all" title="Three distinct volumes constitute the new 500 Swanston Street. Planning image: METIER3"><img alt="" class="image-article-full-width-580px" height="439" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image43_7.jpg?itok=4vQhi4g0" title="Three distinct volumes constitute the new 500 Swanston Street. Planning image: METIER3" width="580"></a>

<figcaption>Three distinct volumes constitute the new 500 Swanston Street. Planning image: METIER3</figcaption></figure>METIER's first student accommodation design enters the Apartments.com.au Project Database just as Urbanest has been confirmed for the Carlton Connect Initiative, which will account for the former Royal Women's Hospital further north along Swanston Street.

Aside from University of Melbourne's new School of Engineering, office space and a mass of retail space, the project jointly designed by Hayball and Woods Bagot will also take on 528 student beds across 274 rooms. Urbanest will manage the new wing of the development which spans 15 levels.

The project at 700 Swanston Street adds to Urbanest's two existing campuses and two further campuses in development.

Reports on 700 Swanston Street were handed down last night; the expected outcome being City of Melbourne's support final for the project.

<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/image42_4.jpg" rel="gallery-all" title="Urbanest's latest located at the Carlton Connect Initiative. Planning image: Hayball/Woods Bagot"><img alt="" class="image-article-full-width-580px" height="481" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image42_4.jpg?itok=e9MBKrdi" title="Urbanest's latest located at the Carlton Connect Initiative. Planning image: Hayball/Woods Bagot" width="580"></a>

<figcaption>Urbanest's latest located at the Carlton Connect Initiative. Planning image: Hayball/Woods Bagot</figcaption></figure>Also on the City of Melbourne's agenda last night was Cedar Pacific's bid to transform Carlton's 123-135 Bouverie Street into one of the city's larger student accommodation projects.

The nettletontribe-designed project has gone through design alterations, which includes an increased setback above the onsite heritage building, a reduce the number of student rooms to 579 and an increase in communal space as a result of internal rearrangements. 123-135 Bouverie Street too has been recommended for approval, subject to conditions. 

There are currently a dozen student accommodation projects within Carlton under development.

<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/image44_3.jpg" rel="gallery-all" title="Bouverie Street's likely addition. Planning image: nettletontribe"><img alt="" class="image-article-full-width-580px" height="337" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image44_3.jpg?itok=OFqXIoev" title="Bouverie Street's likely addition. Planning image: nettletontribe" width="580"></a>

<figcaption>Bouverie Street's likely addition. Planning image: nettletontribe</figcaption></figure>
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silvermb

Carlton's magnetic appeal for student accommodation strengthens

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With an already impressive list of recently completed and upcoming projects, Melbourne's student accommodation sector looks set to receive another Urbanest location with the operator sizing up a prime Carlton corner site.

A $61 million proposal has been lodged with City of Melbourne during April that would see a new tower containing 628 student beds at 599-605 Swanston Street. Rising behind a retained heritage facade, the proposal adds to the crush of development surrounding the Queensberry Street and Swanston Street intersection.

More so Urbanest's latest Melbourne location underwrites the strength in the student accommodation market, with a plethora of inner city projects in the development pipeline as operators scramble to respond to pent-up demand.

<h2>599-605 Swanston Street development summary</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image18_9.jpg" rel="gallery-all" title="Perspective view of the proposed tower. Planning image: Hayball"><img alt="" class="image-article-full-width-580px" height="527" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image18_9.jpg?itok=sSuEAvSl" title="Perspective view of the proposed tower. Planning image: Hayball" width="580"></a>

<figcaption>Perspective view of the proposed tower. Planning image: Hayball</figcaption></figure><ul>
<li>1,711sqm island site containing a heritage building onsite</li>
	<li>Proposed 20 storey tower of 61.5 metres</li>
	<li>628 student beds within 289 units</li>
	<li>924sqm communal internal space and 336sqm communal external space</li>
	<li>194sqm retail area</li>
	<li>Total GFA: 17,394sqm</li>
	<li>0 car parking spaces and 87 bicycle bays</li>
</ul>
<h2>Design statement</h2>

<blockquote>
The articulation of detail across the facades aims to treat the building in the round with a responsive kit of parts that retains a considered reading from street and skyline. A fine bronze metallic blade pattern is distributed over a high-quality performance glass skin.

The level of transparency is controlled by the glass and blade density.

The pure glass skin is revealed at lower levels to make the active common areas and retail visible. At the skyline level the glass is also revealed to promote a sky reflectance and relationship to the commercial city backdrop.
<cite>Hayball Urban Context Report</cite>
</blockquote>

Readers may be aware that 599-605 Swanston Street's external appearance holds certain similarities to a fellow current Hayball-designed student accommodation project at <a href="/developments/melbourne-vic-3000">42-50 La Trobe Street</a>. That aside 599-605 Swanston Street in a design sense is far superior relative to a number of student accommodation projects delivered along Swanston Street in the early 2000's that could now be considered a blight on the landscape.

<h2>Lower level transparency</h2>

The onsite 1878-era heritage building holds a C grade listing and is set to be facaded during the demolition stage. The development team has argued that "this extent of demolition is acceptable given it involves fabric that is either not visible from the public realm, or that is secondary in character."

The retained exterior is set to be amalgamated with a heavy glazing over lower levels that will frame four separate retail tenancies to Brompton Place and Queensberry Street, with a further tenancy facing Swanston Street. A lounge, gym, study desks and large living room are also slated to interact with Queensberry 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/image17_5.jpg" rel="gallery-all" title="Urbanest's two completed Melbourne projects. Images: DKO Architecture"><img alt="" class="image-article-full-width-580px" height="244" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image17_5.jpg?itok=Mfk5xNpq" title="Urbanest's two completed Melbourne projects. Images: DKO Architecture" width="580"></a>

<figcaption>Urbanest's two completed Melbourne projects. Images: DKO Architecture</figcaption></figure><h2>Urbanest in Melbourne</h2>

Since the outfit's creation during 2008 Urbanest have pursued a national roll-out of student accommodation projects. Now one of the nation's largest accommodation providers, Urbanest's Melbourne presence is more of a recent effort with their first project at 105 Berkeley Street, Carlton completed during 2014.

316 La Trobe Street, Melbourne reached completion for the start of the 2015 academic year with the Urbanest-branded tower designed by DKO Architecture. At 24 levels and containing as many as 1,250 student beds 316 La Trobe Street remains one of the tallest student accommodation buildings in Melbourne.

Coupled with 105 Berkeley Street's 188 beds and the intended 628 within 599-605 Swanston Street, Urbanest will eventually control in excess of 2,000 student beds within inner Melbourne.
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