Property developer Alta is planning to redevelop an office tower just off St Kilda Road, converting it into residential apartments.

Alta, which is being led by former Fridcorp co-owner Nigel Givoni, has paid around $27 million for the B-grade office asset on a 2,323 sqm site at 10 Queens Road, opposite Albert Park. They are planning a conversion to build to sell apartments.

During the campaign, there became a divergence between bids based on those looking to purchase for office use and those proposing residential redevelopment through adaptive reuse. That gap was over 30 per cent, Cushman &amp; Wakfield advised.&nbsp;

&nbsp;

Jozef Dickinson of Colliers Residential said “10 Queens Road is a prime example of a well-located but underutilised asset that can be repositioned to meet the evolving needs of the city.

"The St Kilda Road precinct, with its proximity to the CBD, Albert Park, and the new Anzac Metro Station underpins its higher and better use. Couple this with premium park and bay views, the site is well placed to support high-quality residential development.”

The site was bought from receivers for Taiwan-backed Everland Global. They had spent $59 million on the 19-level building in 2019 when they bought it from billionaire NBL owner and property developer Larry Kestelman.&nbsp;

Queens Road is where Mirvac is currently building <a href="https://www.apartments.com.au/new-apartments/the-albertine-by-mirvac-melbourne-31-queens-lane-melbourne-vic-3004">The Albertine,</a> just under 100 apartments that will complete in mid-2026.

The site was bought from receivers for Taiwan-backed Everland Global

Joel Robinson

Alta plots office to apartment conversion in St Kilda Road precinct

Rooftop pools are hard to come by in Melbourne.

While generally more of a trend in the Sunshine State due to the climate, Melbourne's gets plenty warm enough in Spring and Summer for the amenity that has been a little left behind in both the Victorian and New South Wales capital.

Projects by Crema decided to break the mould at its recently completed South Melbourne apartment development, The Eighth.

<a href="https://www.apartments.com.au/buildings/the-eighth-south-melbourne-22-kings-place-south-melbourne-vic-3205">The Eighth</a> is one of the least dense projects to be delivered in South Melbourne in years, with just 36 large-scale apartments across the 12-level building.

[smartcode_project:default project_id=5345 project_image_fid=269728]

It was about creating an inspiring space for residents to gather. Those who already call The Eighth home frequently head up to the roof, whether it's for a swim or for the bar and dining area, which offer sweeping views to both the Melbourne CBD skyline and Albert Park.

There's further amenity within the building, with an Italian eatery, serving from the early hours through to the mid afternoon, located conveniently on the ground level.

[smartcode_project:default project_id=5345 project_image_fid=269730]

Peter Kennon, the architect behind the building, described The Eighth as “a container for life”.

Kennon and Projects by Crema Founder Nicolas Crema bonded over their mutual frustration with buildings and residential developments that claimed to offer a superior lifestyle, but did not at their heart have an understanding of and appreciation for the way people really want to live, and that did not give residents the power to curate their own lifestyles.

They decided to create a place to live where people’s lives organically spilled over the edges of their private residences and into other areas of the building. And where spaces inspire feelings of belonging.

This shared vision has resulted in a building that is intuitive, easy living in its DNA. The thinking behind The Eighth and its design epitomises Kennon’s and Crema’s philosophy of lifestyle without compromise.

The building elevates everyday experiences and activities – like reading the paper or working in the downstairs café, meditating or exercising at lunch time, arriving home via a private lift at the end of the day, and catching up with family and friends at night by the rooftop pool – by centring the way people actually want to live now.

“To me, it’s about feeling comfortable in your own skin,” says Kennon.

“It’s the ability to craft a lifestyle and routine that enables you to spend time doing what you love and what makes you feel good. The Eighth works to the patterns of the people living in the building."

To cater for a variety of lifestyle far and above what spaces there are for residents, The Eighth also has a dedicated concierge service and on-site management to elevate the day-to-day experience.

[smartcode_project:default project_id=5345 project_image_fid=269726]

The apartments themselves have been crafted by interior design doyenne Miriam Fanning, whose focus tends to be more on luxury houses than apartment developments.&nbsp;

Her design studio, MIM Design, created the spaces with timeless materials, such as stone benchtops, cove lighting in bedrooms, stone baths in most apartments, and expansive glazing that draws in natural light while maintaining privacy.

[smartcode_project:default project_id=5345 project_image_fid=269730]

Located in South Melbourne, just one train stop from the CBD via the upcoming Anzac Station, The Eighth integrates private residences, co-working spaces, wellness facilities and hospitality offerings within a single, architecturally driven address.&nbsp;

&nbsp;

&nbsp;

There are only four apartments left to sell in the building. The generously-sized 128 sqm three-bed apartments start from just under $1.6 million.

[smartcode_project_cta:default project_id=5345]

Projects by Crema takes lifestyle elements sky high at The Eighth in South Melbourne

Recruitment industry boss Sarina Russo, who heads up&nbsp;one of Australia's largest education, training, and employment providers, is turning to residential apartment development.

An entity tied to Russo has filed plans for a skinny 36-level tower, on a <a href="https://www.urban.com.au/new-apartments/457-adelaide-street-brisbane-city-qld-4000">narrow 367 sqm site on Adelaide Street</a>.

There are just 20 apartments proposed, some full-floor, some multi-floors.

Designed by <a href="https://www.apartments.com.au/architects/nettletontribe">Nettletontribe</a>, the project would replace Jamison House, an existing five-storey office building.

<img alt="457 Adelaide Street, BRISBANE CITY" data-entity-type="file" data-entity-uuid="bd429ae2-a7c3-449b-89f3-7fb67e8c54c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Adelaide%20st%20front.png?VersionId=2iXa_91lFlbJsVJb15hjXzoAbs8jN5JQ" />

The architectural vision promotes “biophilic design, passive design, and open flowing spaces,” with interiors promising high-end finishes and abundant natural light, the documents submitted to the Brisbane City Council noted.

Each apartment has direct lift access, and most occupy entire or half floors, reinforcing the project’s high-end positioning. Generous private balconies face either Adelaide and Howard Streets.&nbsp;

According to the assessment report by Urbicus, “the building is well designed and articulated with varying setbacks, deep balconies, and variations in façade treatments and materials,” allowing it to integrate with its taller surroundings while minimising amenity impacts.

The uppermost levels will host communal amenities, including a rooftop pool, covered BBQ area, and multiple outdoor lounging zones, with additional resident facilities provided on Level 1 and a mezzanine.

Access to the site is split across its two frontages, with pedestrians entering from Adelaide Street while vehicle access is provided from Howard Street via a single 6.5-metre crossover.&nbsp;

Car parking is facilitated through a car stacker system across three basement levels, accommodating 24 spaces, 20 for residents and 4 for visitors, as well as bicycle storage.&nbsp;

<img alt="457 Adelaide Street, BRISBANE CITY" data-entity-type="file" data-entity-uuid="3fe617d7-7f72-4ee6-ab3c-90a11d123248" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Adelaide%20st.png?VersionId=s4cGqip_A3okoUh_7xfzRJ2Biwdc7gOd" />

The project is a rare one for the Brisbane CBD, which hasn't had a new tower launch in years.

Meriton has <a href="https://www.apartments.com.au/news/qld/meriton-approved-for-brisbane-skyscrapers">approval for its two-tower development on Alice Street</a>, but they are yet to start marketing the 753 apartments.

First Look: Sarina Russo plots skinny Brisbane CBD apartment tower

Legacy Property is taking its new&nbsp;<a href="https://www.apartments.com.au/developments/north-sydney-nsw-2060">North Sydney</a> development to the NSW Government.

They've submitted a State Significant Development proposal for a mixed-use building with 35 apartments, 10 of which will be affordable, above a two-storey commercial podium at <a href="https://www.apartments.com.au/new-apartments/1-church-street-north-sydney-nsw-2060">1 Church Lane</a>.

The new development comprise 35 apartments, 10 of which are affordable, above a two-storey commercial podium. The plan includes the retention and adaptive reuse of the heritage-listed shopfront at 265 Pacific Highway, integrating it into the ground-level frontage.

According to the Scoping Report prepared by Planning Lab, the design “responds to the broader priority and urgent demand for affordable housing” while incorporating a “tower above consisting of 35 residential apartments and communal roof garden”.&nbsp;

Positioned within 300 metres of Victoria Cross Metro Station, the site qualifies for Housing SEPP incentives, including a 30 per cent bonus to height and floor space ratio, which the proposal seeks to utilise.

Designed by <a href="https://www.apartments.com.au/architects/nettletontribe">Nettletontribe</a>, the building would rise 10 to 13 storeys, with a stepped massing strategy to transition from the Pacific Highway frontage down to the finer-grain character of Church Lane. The two-level podium includes new commercial tenancies, communal open space, and landscaping.&nbsp;

Winter gardens have been integrated into apartments along the highway elevation to mitigate noise impacts, and Church Lane is set to be widened to six metres to improve access and separation from lower-scale dwellings to the east.

Nettletontribe said in the documents submitted as part of the application that the proposal delivers a well-resolved mixed-use development that responds to its urban and heritage context along Pacific Highway, North Sydney.

"Positioned along a key section of the Pacific Highway corridor, the site forms part of a transitional zone between the North Sydney CBD and the emerging Crows Nest and St Leonards centres. The design responds to this dual context—addressing the scale and intensity of the highway frontage while engaging sensitively with the finer grain and heritage character of Church Lane and West Street."

<img alt="Legacy" data-entity-type="file" data-entity-uuid="629ff458-3b46-4f72-a01b-aade8baf8b2d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-07%20at%2012.03.14%E2%80%AFPM.png?VersionId=kNYKtqbXY1Gjov794jKtaOJmhFm15gUS" />

As the Scoping Report notes, “the design of the proposal is still consistent with the objective of [ADG] controls to maintain the privacy of neighbouring properties,” with separations and setbacks applied particularly along Church Lane.

The proposed envelope is largely consistent with the uplift previously approved through Planning Proposal PP-2021-2926, which designated the site as part of a Southern Transition Area in the North Sydney Civic Precinct Planning Study. That designation supports mid-rise, mixed-use development to bridge the scale between the North Sydney CBD and nearby heritage areas.

The site spans 1,099 sqm and includes four properties. While 253-263 Pacific Highway will be demolished, the heritage item at 265 will be retained and adapted for commercial or community use.&nbsp;

The development includes four levels of basement car parking accessed from Church Lane, with a total of 55 car spaces planned, exceeding minimum Housing SEPP requirements.

Legacy Property, led by CEO Matthew Hyder, has two projects in Macquarie Park, totalling nearly 400 apartments.

Designed by Nettletontribe, the building would rise 10 to 13 storeys, with a stepped massing strategy to transition from the Pacific Highway frontage down to the finer-grain character of Church Lane

First look: Legacy Property proposes shoptop housing on North Sydney fringe

Sydney’s residential market continued its gentle climb in July, with dwelling values up 0.6 per cent over the month and 1.8 per cent across the rolling quarter.

The affordability gap between units and houses is continuing to wide. Units values grew by 0.2 per cent over July, whereas houses jumped by 0.8 per cent, Cotality's Home Value Index found.

Units in the harbour capital are now up 1.3 per cent over the quarter, compared to 1.9 per cent for houses.

Sydney median unit value is $868,000, some $662,000 less than the $1.53 million house median.

Sydney’s relative strength echoes broader capital city resilience, with combined capital values also up 0.6 per cent for the month and 1.8 per cent over the quarter. The gains are underpinned by interest rate cuts earlier in the year, tight listings, and steadily improving buyer confidence.

<h2>What happened in Sydney’s off the plan apartment market in July?</h2>

There were some major moves in the Sydney off the plan apartment market, from Sydney's biggest developers.

<a href="https://www.apartments.com.au/developers/lendlease-development">Lendlease</a>&nbsp;formalised a new joint venture with Mitsubishi Estate Asia and Nippon Steel Kowa Real Estate to develop a $2.5 billion luxury project at 175 Liverpool Street.

<img alt="Lendlease announces partners for its $2.5 billion luxury development on Hyde Park" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Bates%20Smart_175%20Liverpool%20Street%2002-min.jpg?VersionId=2l2XiHSdIP5a_Ei_Y3yft5eLPJ6kLX3G" />

Located on the southern edge of Hyde Park, the dual-tower development will deliver up to 300 high-end residences with north-facing views toward the Opera House and Harbour, alongside 2,000 sqm of retail and commercial space.

Construction is targeted to begin in 2027, pending approvals.

Read more: <a href="https://www.apartments.com.au/news/nsw/lendlease-announces-partners-for-its-2-5-billion-luxury-development-on-hyde-park">Lendlease announces partners for its $2.5 billion luxury development on Hyde Park</a>

On the Lower North Shore, <a href="https://www.apartments.com.au/developers/traders-in-purple">Traders In Purple</a> and joint venture partner Sydney Anglican Property were granted planning approval for the renewal of St Andrew’s Anglican Church in <a href="https://www.apartments.com.au/developments/lane-cove-nsw-2066" target="">Lane Cove</a>.

The development will offer 48 two and three-bedroom apartments, many of which will enjoy dual aspect, enhancing outlooks and cross-flow ventilation.

The existing parish church, built in 1924, will be retained and sensitively adapted into a meeting place and portal to the new contemporary auditorium and ministry spaces, linking old and new.

Traders In Purple CEO Brett Robinson said redevelopment of the site had been enthusiastically supported by many members of the local community.

“There is a demand for high-quality, well-designed, premium apartments for locals wanting to downsize in their neighbourhood and those wanting to raise their family in a highly desirable suburb without the burden of a high-maintenance house and yard.

“It was very clear to us that the local community is also in need of a larger performance space, and we look forward to providing the community with a fantastic new venue that will support the cultural richness of Lane Cove.”

Read more: <a href="https://www.apartments.com.au/news/nsw/traders-in-purple-and-sydney-anglican-property-greenlit-for-lane-cove-project">Traders in Purple and Sydney Anglican Property greenlit for Lane Cove project</a>

Over in the eastern suburbs, <a href="https://www.apartments.com.au/developers/toga-group">TOGA</a> reached a significant milestone at The Kensington, with the development officially topping out.

The Anzac Parade building is being delivered by Gold Star iCIRT-rated builder <a href="https://www.apartments.com.au/developers/dasco-australia" target="">DASCO</a>, who can start to turn their attention toward the exterior of the building, and the fitout of the 142 one, two, and three-bedroom apartments strategically located opposite the Kensington Light Rail stop.

[smartcode_project:default project_id=110959 project_image_fid=307645]

<a href="https://www.apartments.com.au/new-apartments/the-kensington-147-151-anzac-parade-kensington-nsw-2033">The Kensington</a> forms part of a broader revitalisation effort along the light rail corridor in Sydney’s inner south.

Residents will move in midway through 2026.

Read more: <a href="https://www.apartments.com.au/news/nsw/toga-tops-out-the-kensington-reshaping-anzac-parade-light-rail-corridor">TOGA tops out The Kensington, reshaping Anzac Parade light rail corridor</a>

Sekisui House Australia released the latest stage of their Melrose Park urban renewal precinct.

<a href="https://www.apartments.com.au/developers/sekisui-house-australia">Sekisui House Australia</a>, in partnership with Hankyu Hanshin Properties, has opened expressions of interest for <a href="https://www.apartments.com.au/new-apartments/aeris-melrose-park-86-wharf-road-melrose-park-nsw-2114">Aeris</a>, the sixth and most elevated stage in the $5 billion Melrose Park master planned community in Sydney’s north-west.

<img alt="Sekisui House Australia reveals Aeris, Melrose Park’s latest stage" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Aeris_Stage%206_1_0.jpg?VersionId=xsMRsasGYnnQoaLLmwqtSFAsOQv8ZZJN" />

Aeris will comprise 468 apartments across two tall 20 and 24-storey slender towers. Prices start from $649,000 up to $1.55 million, with internal sizes ranging from 50 to 130 sqm.

As sustainability credentials become more central to buyer expectations, <a href="https://www.apartments.com.au/developments/melrose-park-nsw-2114">Melrose Park</a> continues to model future-facing urban design.

Construction of Aeris is anticipated to commence in late 2025, with the first lower tower due for completion in Q4 2027 and the second and third towers expected in 2028.

Read more: <a href="https://www.apartments.com.au/news/nsw/sekisui-house-australia-reveals-aeris-melrose-park-s-latest-stage">Sekisui House Australia reveals Aeris, Melrose Park’s latest stage</a>

In <a href="https://www.apartments.com.au/developments/crows-nest-nsw-2065">Crows Nest</a>, <a href="https://www.apartments.com.au/developers/deicorp">Deicorp</a> broke ground on <a href="https://www.apartments.com.au/new-apartments/falcon-alexander-8-alexander-street-crows-nest">Falcon &amp; Alexander</a>, offering around 100 apartments near the new Metro station.

Conceived by award-winning architects <a href="https://www.apartments.com.au/architects/turner-studio">TURNER</a>, Falcon &amp; Alexander will create a vibrant vertical village in the heart of one of Sydney’s most connected neighbourhoods. Thoughtfully arranged around a central atrium and lush communal gardens, residences will enjoy panoramic views over Sydney Harbour and the Lower North Shore, with interiors designed for modern, light-filled living.

<img alt="Deicorp breaks ground at Falcon &amp; Alexander, Crows Nest apartments" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-07-28%20at%203.55.17%E2%80%AFPM.png?VersionId=3IIFc1X8W6tPGj.P6xmw_2limcEUkinJ" />

Residents will benefit from premium amenities, including a resident-only skygarden, and boutique retail and dining spaces on the ground floor, all integrated with the local urban fabric.

With proximity to transport and established retail precincts, the development is well-positioned to capture demand from downsizers and city professionals alike.

Read more: <a href="https://www.apartments.com.au/news/nsw/deicorp-breaks-ground-at-falcon-alexander-crows-nest-apartments">Deicorp breaks ground at Falcon &amp; Alexander, Crows Nest apartments</a>

In the upper north, <a href="https://www.apartments.com.au/developers/capital-corporation">Capital Corporation</a> advanced <a href="https://www.urban.com.au/new-apartments/the-residences-at-wahroonga-estate-169-fox-valley-road-wahroonga-nsw-2076">The Residences at Wahroonga Estate</a>&nbsp;masterplan by appointing DASCO to build the first stage. This is the first partnership between Capital Corporation and DASCO, bringing together two award-winning property powerhouses in what promises to be a defining project for the region.

[smartcode_project:default project_id=135247 project_image_fid=3629]

The move followed over $90 million in early sales, highlighting appetite for prestige residential offerings in leafy, well-connected locales.

Construction on the first 128 residences will commence in the coming months, with completion targeted for late 2027.

Read more: <a href="https://www.apartments.com.au/news/nsw/capital-corporation-appoints-dasco-to-build-the-first-stage-at-the-residences-at-wahroonga-estate-after-90m-in-sales">Capital Corporation appoints DASCO to build the first stage at The Residences at Wahroonga Estate after $90m in sales</a>

City Beat July 2025: Sydney’s apartment upswing gathers pace as Sydney's biggest developers make major moves

Albert Park

Apartment developer Tim Gurner and wife Aimee have secured the snappy sale of their retained apartment at his Albert Place Residences project in South Melbourne.

Retained after the projects' construction completion by Crema early last year, it was listed with $4.4 million to $4.8 million price guide.

The three-bedroom 300sq m apartment, fetched more than $5 million after being on the market for only five days.

"WOOOHOOO - exciting times as our latest Penthouse sells in record time 15% higher than expected," Gurner said.

Apartment 1405/7 Bowen Crescent in the Albert Place Residences has 180-degree views over Albert Park Lake

The Albert Place sale was through The Agency’s Michael Paproth and Gurner general manager of retail sales Deborah Wiltshire.

"Congratulations to Michael Paproth for running a great process on our latest custom design penthouse at Albert Place," he added.&nbsp;

"A lot of love and care went into this special home and we are thrilled to see it go to an amazing family who can now enjoy it forever."

Paproth said&nbsp;the sale shows the strength of the high-end market.

“We launched the apartment on the Thursday and within hours we had inspections, both in person and virtual and were exchanged in a little under five&nbsp;days with competition from three&nbsp;parties,” Paproth said.

The apartment, which had been rented for $5000 per week, was bought by a local downsizing couple from their home within 3km. There had been interest from&nbsp;South Africa, the UK and Hong Kong.

Albert Place Residences has 142 apartments.

"WOOOHOOO - exciting times as our latest penthouse sells in record time 15% higher than expected," Gurner advised



jchancellor-FAypfDUnLy

Quick sale by Tim and Aimee Gurner in Albert Place

The Melbourne apartment developer Tim Gurner has listed the sub-penthouse in his South Melbourne project, Albert Place Residences, amid significant interest in penthouse offerings across Melbourne.

“I’ve never seen so much demand for luxury penthouse product," Gurner said.

"We sold out of our penthouses at Victoria &amp; Vine and St Moritz months ago but this luxury three-bedroom product is still easily the most enquired about apartment type across our portfolio."

It comes with $4.4 million to $4.8 million price hopes.

"The&nbsp;space that was a personal creative vision project for&nbsp;Aimee Gurner&nbsp;and I .... a spectacular space with no expense spared," he said.

It has 180-degree views over Albert Park Lake, Port Phillip Bay and back to the city.&nbsp;

<a href="/news/vic/why-tim-gurner-chose-collingwoods-smith-street-the-worlds-coolest-street">Read more:&nbsp;Why Tim Gurner chose Collingwood's Smith Street, the world's coolest street</a>

<img alt="" data-entity-type="" data-entity-uuid="" height="899" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gurner_albert_place_2.jpg" width="1200" />

The investment apartment at 1405/7 Bowen Crescent had been leased out for $260,000 a year, or $5000 a week, last year after the projects' construction completion by Crema.&nbsp;

The building was designed by Elenberg Fraser.

The tenant was introduced by Burton’s agent Taylor Dow.

Gurner has now listed the penthouse amid the increasing demand for luxury penthouses.

Local agent Michael Paproth is running the sales marketing campaign.

“At present, there are a lot of high-net-worth Australians repatriating from overseas, particularly from Asia, who have become accustomed to apartment living and are on the hunt for homes exactly like this,” Paproth said.

<img alt="" data-entity-type="" data-entity-uuid="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gurner_albert_place_3.jpg" width="1200" />

The 300 sqm apartment was modelled on the style of Beverly Hills mansions.

“Most of the furniture I had custom commissioned, and some of the art is from my own private collection,” Gurner advised.

“We really had no intention of leasing the penthouse. But after an interested party was introduced to us, we quickly negotiated a deal.

At that time Gurner had intended to keep the sub-penthouse for events with private clients.

It features $400,000 worth of arabascato marble in the kitchen, bathroom and joinery, plus polished plaster walls, ebony herringbone timber flooring, mirrored columns, and a state-of-the-art audio-video system.

The home offered a commercial kitchen with Gaggenau appliances, a 4m island bench and a separate scullery, and a main bedroom with dual walk-in wardrobes and a swish ensuite.

Bathroom features and fittings included a freestanding stone bathtub, a double rain shower, marble drawers and flooring, and a $40,000 SensoWash toilet.

The entry hallway has marble-slab flooring and walls.

Albert Place Residences offers private club facilities, including a bar, a library and a lounge, a 2500-bottle wine cellar and a Turkish bathhouse featuring a lap pool, a sunken spa and a sauna.

The development contains 140 apartments, which sold for between $475,000 and $21 million.&nbsp;

Apartment 1405/7 Bowen Crescent in the Albert Place Residences has 180-degree views over Albert Park Lake

Tim Gurner to capitalise on booming penthouse market, lists Albert Place Residences sub-penthouse 

<html><body>
Lawler House, a trophy home in Albert Park featuring a tower lookout, has sold at auction for $9.01 million.
The Page Street home fetched more than its $8.4 million reserve at the weekend, with over 100 turning up to look.
It was bought by an upsizing local, trading for the first time in almost three decades.
It was sold following the death last year of estate agent John Holdsworth, nicknamed in the officer as the Mayor of Albert Park.
His former office of Greg Hocking Holdsworth saw bidding start at $7 million. The price guide's top of the range was $7.5 million.
 <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/3/23/LAWLER%20HOUSE%202.jpg" alt="">
Set behind its original Victorian facade, the 1880s home underwent a renovation in 2008 which has created the five bedroom family entertainer.
An automated glass doors that connect a spacious living domain with the rear pool and spa on its 600 sqm parcel.
The tower, with views of the city from the top, is accessed by a spiral staircase.
 
 
 
 
</body></html>

jrobinson-rf4aSBido9

Albert Park trophy Lawler House sells for over $9 million at auction

<html><body>
A triangular-themed home in Albert Park, dubbed the "Downside Up House", is now up for sale.
The Victorian, transformed by director of architecture studio WALA Weian Lim, won the people's choice award at the 2018 Architeam Awards.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/12/20/albert%201.jpg" alt="">
It is owned by Alec Griffin of Daylan Developments.
The Agency's Brendan Coburn and Michael Paproth are now asking $2.15 million, after quoting between $2 million and $2.2 million for its recent auction.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/12/20/albert%202.jpg" alt="">
Set on a tight triangular 130 square metres site, the home has three bedrooms and a top floor living that features a balcony.
Griffin paid $1.3 million in 2016.
This article was first published in the Weekend Australian. 
</body></html>

firstname1-iYD4UYzvBa

Downside Up House in Albert Park listed

<html><body>
An Albert Park Victorian terrace located on St Vincent Gardens has hit the market with a price guide between $7 million to $7.5 million.
Set on a 459sqm block, the double storey home at <a href="https://www.realestate.com.au/property-house-vic-albert+park-132083834" target="_blank">93 St Vincent Place South, Albert Park </a>is distinguished by soaring ceilings and exquisite period elegance.
It has been listed by Simon Gowling and Max Mercuri from Greg Hocking Holdsworth Albert Park.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/9/albert%20park%202.jpg" alt="">
Designed by the late Stuart Rattle, the home comprises four bedrooms, sitting room, formal dining with fireplace, gourmet kitchen and a light-filled living and dining room. 
The main bedroom features marble open fireplace, balcony overlooking the gardens, built-in robe and ensuite. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/9/albert%20park%203.jpg" alt="">
Other highlights include hydronic heating and reverse cycle cooling, alarm, powder-room, double garage and store room.
The expressions of interest campaign for the property closes October 29.
 
</body></html>

Albert Park Victorian terrace hits the market 

<html><body>
<div>Behind a classical Victorian facade is a four bedroom, three bathroom Jackson Clements Burrows design located in Albert Park.</div>
<div> </div>
<div>Situated at <a href="https://www.domain.com.au/56-victoria-avenue-albert-park-vic-3206-2014783689" target="_blank">56 Victoria Avenue, Albert Park</a> the home is described as "encapsulating open plan living."</div>
<div> </div>
<div>Featuring honed blue-stone floors surrounding an open plan kitchen the home is set on two levels.</div>
<div> </div>
<div>With two street frontages and flexibility for a large home office the home also feature stackable sliding doors reveal a sunny backdrop landscaped so that the accompanying double garage function as an entertaining pavilion.</div>
<div> </div>
<div>The home also comes equipped with high ceilings, designer light fittings and great presentation further enhancing this home positioned between Bridport Street and the beach.</div>
<div> </div>
<div>Last sold in 2014 the home fetched $2,225,000.</div>
<div> </div>
<div>The holding is for sale through an expressions of interest campaign ending December 17.</div>
</body></html>

j.ballantyne1990-6AQqhLzZaK

Modern Albert Park home with classical Victorian facade for sale

<html><body>
Designer Jayden Zernich, founder of creative agency Condensed, sold his recently renovated three-bedroom Albert Park home.
The Edwardian home on Richardson Street sold for $3.09 million after it was passed in at auction with just the one bidder.
Marshall White had three registered bidders, but the property passed in for $2,925,000.
The buyer was an expat.
There had been price guidance of $2,850,000 to $2,950,000 through Marshall White who offered three comparable sales.
<table>
<colgroup>
<col>
<col>
<col>
</colgroup>
<tbody>
<tr>
<td>
1 102 Page St ALBERT PARK 3206
</td>
<td>
$3,230,000
</td>
<td>
08/05/2018
</td>
</tr>
<tr>
<td>
2 386 Richardson St MIDDLE PARK 3206
</td>
<td>
$3,050,000
</td>
<td>
26/02/2018
</td>
</tr>
<tr>
<td>
3 18 Page St ALBERT PARK 3206
</td>
<td>
$2,740,000
</td>
<td>
21/07/2018
</td>
</tr>
</tbody>
</table>
</body></html>

Edwardian home on Richardson Street, Albert Park sold by designer Jayden Zernich

<html><body>
Larry Kestelman has sold his Queens Road, Melbourne headquarters for around $60 million.
It has been bought by a Chinese investor.
The 10 Queens Road was sold on a yield of around 5%.
<a href="http://www.colliers.com.au/18940/" target="_blank">Colliers</a> were seeking tenants for vacant office space in March.
Kestelman bought the Queens Road tower in 2013 for $21.35 million on a 10.8% yield.
Number 10 Queens Road, at the north-eastern edge of Albert Park Lake, was bought after the entrepreneur was cashed up after selling his interest in Dodo to M2Communications for a reported $150 million.
He revamped the 8700 square metre building, which sits on a 2300 square metre site.
LK Property will retain its space in the building.
The 19-level building overlooks Albert Park Lake.
Kestelman is meanwhile planning to develop a $140 million, 10-storey office building in Fitzroy North.
“Not everyone wants to work in the city,” Kestelman recently told The Australian.
“My office is on Queens Road (near South Yarra). It’s a great spot. It allows me the benefit of being close to the city but not having to drive into the city every day.”
The 622 Nicholson Street site, currently the Moonlight Receptions function centre, is 3 kilometres from the city centre.
The developer considered apartments but decided on an office project since the Melbourne CBD office market is tight, with vacancy at just 4.6%, according to recent Property Council figures.
The project marks a departure for the developer, whose LK Property Group has largely focused on apartments, other than transforming its own head office.
The group’s flagship project is the $500 million Capitol Grand tower in South Yarra, where close to 80% of the stock below level 32 is sold.
The premium upper-level apartments are 35-40% sold.
 
 
</body></html>

Larry Kestelman sells his Melbourne headquarters for about $60 million

<html><body>
Company director Lyndon Galvin and his wife, occupational therapist Danika, have listed their Albert Park home.
The <a href="https://www.realestate.com.au/property-house-vic-albert+park-128082682" target="_blank">Tandem Architects-designed residence</a> is set behind the original 1891 Victorian façade.
It is is a contemporary home comprising four bedrooms, three bathrooms and two living spaces which has been listed with $2.95 million to $3.2 million hopes.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/4/26/albert2.jpg" alt="">
There are two courtyards designed by Eckersley Garden Architecture.
Justin Holod of Marshall White Bayside has scheduled a May 5 auction.
</body></html>

Classic 1880's Albert Park home with architect extension for sale

<html><body>
The Melbourne food and beverage operator Beacon 88 has secured a five-year lease for its Albert Park premises.
It is a 160 sqm retail space on the ground floor of the residential complex at 88 Beaconsfield Parade.
Beacon 88 will open a high-end eatery leased at a net annual rent of $593 a square metre.
Knight Frank agent Paul Pellegrino brokered the deal for landlord, Pentas Property Investments.
<a href="http://88beaconsfield.com/vision" target="_blank">The building </a>was designed by Omiros One Architecture with a 4th floor lap pool and sun deck, overlooking the Melbourne CBD skyline, and provide a space accessible to all residents to enjoy the Port Phillip Bay view.
</body></html>

Albert Park

Editor's Picks

Have something to contribute?

The latest real estate & off the plan properties & news, delivered to your inbox.

Developments

New apartments

New townhouses

News

The latest real estate & off the plan properties & news, delivered to your inbox.

Albert Park

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

The latest real estate & off the plan properties & news, delivered to your inbox.

Developments

New apartments

New townhouses

News

The latest real estate & off the plan properties & news, delivered to your inbox.