<a href="https://www.apartments.com.au/developers/draycon">Draycon Building</a> is nearing completion of Boutique Chevron Island, a 42-apartment development on the northern end of Chevron Island at 17–19 Parneno Street, with a limited-time offer of fully furnished apartments available.

Now more than 90 per cent complete, <a href="https://www.apartments.com.au/buildings/boutique-chevron-island-17-19-parneno-chevron-island-qld-4217">Boutique</a> has been shaped by one of the Gold Coast’s most tightly held island addresses, where riverfront outlooks and walkable access to Surfers Paradise converge.

For Draycon Building Managing Director Howard Dabit, the appeal of the site was immediate.

“I knew it was a good site as soon as I saw it,” Dabit said.

“The position and location on the north end of <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>, the way the river swirls around the site basically from the north to the east, it feels like the site is surrounded by the water. The height that we’ve got and the aspect looking north is beautiful. Eighty per cent of the apartments are looking north so they get that drenching sunlight coming in.”

[smartcode_project:default project_id=89709 project_image_fid=360922]

That northern orientation places the development within a stretch of Chevron Island defined by open river aspects and skyline views, while remaining embedded in the suburb’s established village setting.

Chevron Island has increasingly drawn owner-occupiers seeking centrality without the intensity of high-rise beachfront living. Positioned at the geographical centre of the Gold Coast, the island offers direct access to both the beach and key cultural infrastructure while retaining a neighbourhood-scale character.

Connected by bridge to Surfers Paradise, Chevron Island offers walkable access to beaches, riverfront parklands and a revitalised foreshore boulevard animated by walkers and cyclists throughout the day. The Pacific Ocean is only minutes away, reinforcing the suburb’s dual river-and-surf identity.

At the same time, Thomas Drive forms the spine of the island’s village life, delivering cafés, wine bars, casual dining and everyday services within easy reach. Independent grocers, wellness operators and neighbourhood retailers contribute to a community atmosphere that remains distinct from the vertical scale of the beachfront.

[smartcode_project:default project_id=89709 project_image_fid=360915]

In the opposite direction, the Green Bridge links directly to HOTA – Home of the Arts – placing galleries, performance venues and parklands within walking distance. Weekly markets and major exhibitions draw visitors from across the region, while residents return to a quieter residential pocket at day’s end.

Public transport, including nearby bus routes and the G:link light rail corridor along the coastal spine, strengthens connectivity north and south. Griffith University, the Gold Coast University Hospital precinct and established private schools such as The Southport School are all within a short drive.

Ongoing investment across Surfers Paradise, HOTA and the broader Southport corridor has elevated amenity while preserving Chevron Island’s comparatively low-rise residential character. It is this balance, walkable village atmosphere paired with metropolitan-scale infrastructure, that continues to differentiate the suburb from higher-density beachfront precincts.

Boutique comprises just 42 residences, designed to maximise river and skyline outlooks within this tightly held island setting.

Boutique Chevron Island is slated for completion in April 2026, with prices starting from $1,220,000.

[smartcode_project_cta:default project_id=89709]

Joel Robinson

Draycon Building’s Boutique Chevron Island places 42 residences at the heart of the Gold Coast

Sydney developer <a href="https://www.apartments.com.au/developers/deicorp">Deicorp</a> has secured planning approval for a $300 million residential development in Lindfield, marking the company’s second project on Sydney’s North Shore and its first on the Upper North Shore.

Located on Beaconsfield Parade and designed by DKO Architecture, the state significant development comprises three buildings of up to 10 storeys and will include 399 residences, including 59 affordable homes and 40 adaptable homes.

Residences will range in size from one, two and three bedrooms, with two-bedroom apartments accounting for over 60 per cent of the product make-up. Residents will have access to a broad suite of amenities, including a wellness area, indoor and outdoor recreational spaces, a pool, a gym, a community room and a golf simulator.

In line with Deicorp’s long-standing focus on creating transit-oriented communities, the project is located just 260 metres from the Lindfield Train Station, reinforcing its role in delivering well-connected housing close to established infrastructure, retail and local services.

The inclusion of affordable and adaptable housing supports greater diversity within the local market, while the mix of apartment types responds to demand from downsizers, young professionals and families seeking access to the Upper North Shore.

Deicorp Founder Fouad Deiri OAM said the approval represents an important milestone for both the company and the suburb

“This approval allows us to deliver well-designed homes in a location that is already supported by strong transport and community infrastructure," Deiri said.

"Our focus is on creating places that integrate into their surroundings and provide long-term value for residents, and the broader Lindfield community. Being within walking distance of the station ensures this project supports sustainable growth in the right locations."

Across its portfolio, Deicorp currently has 4,703 apartments under construction, playing a leading role in shaping connected, liveable communities across Sydney.

Its expanding portfolio of Metro-linked developments includes Tallawong Village, <a href="https://www.apartments.com.au/new-apartments/kings-bay-village-five-dock-53-75-queens-road-five-dock-nsw-2046">Kings Bay Village</a> in Five Dock, <a href="https://www.apartments.com.au/new-apartments/hyde-metropolitan-sydney-133-141-liverpool-street-sydney-nsw-2000">Hyde Metropolitan</a> in Sydney CBD, <a href="https://www.apartments.com.au/new-apartments/falcon-alexander-crows-nest-8-alexander-street-crows-nest-nsw-2065">Falcon &amp; Alexander</a> in Crows Nest and Showground Village, Castle Hill.

Deicorp purchased the Beaconsfield Paradise site last year. Construction is scheduled to commence in Q2 of 2026 and will be completed in 2029.

Deicorp expands portfolio to nearly 5,000 apartments with Lindfield project

In a joint venture with The Trump Organization, Australia developer Altus Property Group has announced plans to bring a Trump International Hotel &amp; Tower to the Gold Coast, marking the first Trump-branded project in Australia.

"Trump International Hotel &amp; Tower, Gold Coast is our first official project in Australia and reflects our unwavering commitment to delivering world-class luxury experiences in iconic locations around the world," Eric Trump, Executive Vice President of The Trump Organization, said.

"This development exemplifies the Trump brand’s dedication to quality, sophistication, and unmatched service, and we are thrilled to bring this vision to the vibrant Gold Coast community."

The 91-storey building, which will become the tallest in Australia at 335 metres, will feature a&nbsp;285-room luxury hotel bearing the trademark Trump logo. It will also include 272 luxury residential apartments, a three-level podium with an exclusive Beach Club, and over 3,400 sqm of premium commercial, retail, and dining space, revitalizing the central Surfers Paradise precinct.

“Trump International Hotel &amp; Tower, Gold Coast will be a truly unique offering in the Australian market, bringing the prestige and allure of a world-class luxury brand,"&nbsp;Altus founder and chief executive David Young said.

"Altus Property Group is proud of its track record in delivering landmark developments across Australia, and our expertise ensures this project will be an outstanding success."

Trump Hotel heads for the Gold Coast to become Australia's tallest building

More than a century after the Corrimal Coke Works first opened in 1912, the industrial landmark that helped shape the suburb is being reinterpreted as a walkable residential neighbourhood, with Stage One of <a href="https://www.apartments.com.au/new-apartments/the-works-stage-one-27-railway-street-corrimal-nsw-2518">The Works</a> now underway at 27 Railway Street.

For 102 years, the site was central to <a href="https://www.apartments.com.au/developments/corrimal-nsw-2518">Corrimal</a>’s economic and social identity before operations ceased in 2014. Rather than erasing that legacy, developer Legacy Property has embedded it into the masterplan, retaining and reinterpreting elements such as the iconic 1912 brick chimney and sections of the original C1 Coke Oven Battery, alongside the adaptive reuse of the former powerhouse building.

Stage One will introduce 181 apartments across low-rise buildings, offering predominantly two and three-bedroom residences with completion targeted for mid-2027. The scale and configuration reflect a deliberate focus on owner-occupiers, targeting those seeking a lower-maintenance home in a prime location within the northern suburbs of Wollongong.

[smartcode_project:default project_id=143415 project_image_fid=359833]

Apartments have been designed to maximise natural light and cross-ventilation, with floor-to-ceiling glazing extending living areas onto generous balconies. Engineered timber flooring, induction cooktops and 900mm ovens in larger residences support everyday functionality, while two interior palettes allow buyers to tailor finishes to their preferences. The material selection draws on a restrained coastal language, intended to connect homes to their surroundings rather than compete with them.

The Works forms part of a broader 18-hectare masterplan that will ultimately deliver around 550 dwellings, new parks, and a heritage precinct celebrating the site’s past. More than seven hectares are dedicated to open space, including Southern Park and a Village Green with community gardens and recreation areas. The creek corridor is being rehabilitated with 150,000 native plantings, restoring biodiversity to the site and softening landscape.

[smartcode_project:default project_id=143415 project_image_fid=359841]

Positioned adjacent to Corrimal Station and within walking distance of Corrimal Town Centre, the precinct places daily essentials, rail connections and local retail within easy reach. Wollongong CBD, including the hospital, university and entertainment venues, sits approximately 6.5 kilometres to the south.

For buyers more familiar with North Wollongong, Corrimal offers a different proposition: a well-established coastal suburb framed by beaches to the east and the escarpment to the west, with a strong sense of local identity shaped in part by the former Coke Works. The Works seeks to reinforce that identity by creating a connected, walkable neighbourhood between coast and escarpment, rather than a standalone apartment complex.

Sustainability underpins the development approach. The Works is targeting Wollongong’s first 5-Star Green Star-rated community, with water-sensitive urban design, recycled materials and energy-efficient buildings integrated across the masterplan. For residents, these measures provide not only environmental benefits but also reduced operational costs and future resilience.

[smartcode_project:default project_id=143415 project_image_fid=359842]

With construction commenced and display materials available to view, prospective buyers can now engage more directly with the project’s vision, reviewing floorplans, material selections and the broader masterplan in detail. For many local homeowners weighing a move, the opportunity to experience how heritage, landscape and contemporary design intersect may help bridge the gap between familiarity and the next chapter.

As Stage One progresses toward its mid-2027 completion, The Works represents a significant chapter in Corrimal’s evolution, transforming a site that once powered local industry into a walkable residential precinct designed for its next generation of residents.

[smartcode_project_cta:default project_id=143415]

Legacy Property’s The Works reimagines Corrimal’s century-old Coke Works

When it comes to developing in Melb​ourne's Bayside region, <a href="https://www.apartments.com.au/developers/lowe-living">Lowe Living</a> knows exactly what buyers want.

With a longstanding presence in the area and a string of sell-out projects, Lowe Living consistently delivers developments that are as sought-after as their predecessors.

Their latest instalment is in <a href="https://www.apartments.com.au/developments/hampton-vic-3188">Hampton</a><a href="https://www.apartments.com.au/developments/hampton-east-vic-3188">&nbsp;East,</a> the same postcode where they have previously delivered Hampton Hill and Oceano. The developer-builder recently commenced construction on its newest project,&nbsp;<a href="https://www.apartments.com.au/new-apartments/marella-hampton-31-35-alicia-street-hampton-east-vic-3188">Marella</a>, a collection of 32 apartments just five minutes from the beach.

Site acquisition is paramount to success. Lowe Living rarely brings a building to market that isn’t within walking distance of essential amenities, whether it be the beach, a prominent retail strip, or a train station. Marella is no exception, located at its Alicia Street address, less than a kilometre from the retail heart of Hampton Street and Hampton Station.

[smartcode_project:default project_id=146197 project_image_fid=358495]

Equally important to Lowe Living is the architecture.

For Marella, they appointed <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>, who explains that the architectural vision was to create a contemporary reinterpretation of the Californian bungalow, a style that’s iconic to Hampton’s heritage.

"By borrowing, abstracting, and reinterpreting elements of this quintessential style, such as strong datum lines, articulated columns, exposed structures, and roof tiles, our design strikes a balance between modernity and familiarity," says Cera Stribley.

"This approach ensures that the development is not only visually appealing but also contextually sensitive, resonating with Hampton's existing architectural landscape."

[smartcode_project:default project_id=146197 project_image_fid=358499]

The building features terracotta brick, soft cream masonry, and exposed metal detailing, giving it a tactile presence that is intended to weather gently over time.

Internally, the focus on lasting quality continues, with two and three-bedroom residences anchored by sculptural stone kitchen islands, natural light, and clearly defined transitions between living, dining, and outdoor spaces.

The layouts have been carefully designed. Open-plan zones extend to private balconies, with light-filled interiors and generous kitchen proportions, supported by Miele wall ovens, induction cooktops, and integrated fridge-freezers. These are not small apartments rebranded as luxury; they have been designed at scale, with ample storage, hotel-style entry access, and secure basement parking provided as standard.

[smartcode_project:default project_id=146197 project_image_fid=358492]

At the uppermost level, Marella’s Signature Collection penthouses offer city or bay views, large entertaining terraces (some with outdoor spas), and elevated finishes, including fully wrapped stone kitchen benches and a Liebherr wine fridge.

Flexible room arrangements allow for a fourth bedroom or secondary living space, sought-after by both empty nesters who want the space when family visits and families with older children.

[smartcode_project:default project_id=146197 project_image_fid=358498]

A residents’ lounge on the ground floor reinforces the project’s small-community feel. With a fireplace, private dining area, and adjoining terrace, it’s one of several shared spaces that balance amenity with privacy and scale.

Construction has commenced, with completion expected in early 2027.

[smartcode_project_cta:default project_id=146197]

Lowe Living continues Bayside legacy as Marella rises in Hampton

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



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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 

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

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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. 
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Downside Up House in Albert Park listed

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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.
 
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Albert Park Victorian terrace hits the market 

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<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>
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Modern Albert Park home with classical Victorian facade for sale

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

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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.
 
 
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Larry Kestelman sells his Melbourne headquarters for about $60 million

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

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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.
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