<a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> has lodged plans for a $750 million, three-tower mixed-use precinct that would complete the long-running redevelopment of Carlton's former Carlton United Breweries site.

The proposal at <a href="https://www.apartments.com.au/new-apartments/185-195-queensberry-street-carlton-vic-3053">46-78 Bouverie Street and 185-195 Queensberry Street</a> spans a 6,468 sqm site, the last remaining undeveloped parcels within the former brewery's 2007 masterplan.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the development will comprise two purpose-built student accommodation towers and a third build-to-sell apartment tower above a shared commercial podium and basement.

Across the three towers, SP Setia is proposing 606 build-to-sell apartments and 1,499 student accommodation units containing 2,009 beds.

The apartments will sit in the tallest tower, which will rise nearly 200m and 55 storeys. It will become&nbsp;one of the more substantial new build-to-sell apartment projects at the northern edge of Melbourne's CBD.

The apartment mix is weighted toward smaller inner-city product, with 188 studios, 206 one-bedroom apartments, 192 two-bedroom apartments and 20 three-bedroom apartments

<img alt="First look: SP Setia plans three-tower finale for Carlton’s former CUB precinct" data-entity-type="file" data-entity-uuid="8271bc87-1b0a-41b7-ac73-a425ee375261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3_2.png?VersionId=G4lw23o90B1boX4k4dj7rdz2ZEajS9wy" />

Part of the precinct will be a large-scale&nbsp;3,684 sqm supermarket and a further 2,198 sqm of speciality retail, creating close to 5,900 sqm of new commercial space within the precinct.

But one of the biggest components of the proposal is what sits between the buildings.

Around 4,650 sqm, or roughly 72 per cent of the site, will be publicly accessible open space, incorporating plazas, pedestrian connections, landscaped laneways and retail spill-out areas.

The ground plane is intended to finally complete pedestrian connections envisaged when the CUB masterplan was first approved nearly two decades ago, stitching together Victoria Street, Queensberry Street, Bouverie Street and Swanston Street through the former brewery precinct.

Urbis said the development would "complete the CUB precinct", with the public realm providing important north-south and east-west connections through what is currently the final undeveloped portion of the masterplanned site.

SP Setia is also exploring a new linear park within the Bouverie Street road reserve, with the concept to be developed further with the City of Melbourne through the planning process.

The proposal is being pursued through the Victorian Government's Development Facilitation Program under Clause 53.23 for significant residential development with affordable housing.

The planning report acknowledges the proposed heights exceed those contemplated under the original Comprehensive Development Plan and masterplan, but argues the built-form context has changed considerably over the past two decades.

Urbis said the three towers would instead create a stepped transition between Carlton and the Hoddle Grid, rising progressively from the 94.1-metre Tower One along the Queensberry Street edge to the 199.44-metre Tower Three closer to the established CBD-scale buildings to the south.

<img alt="SP Setia" data-entity-type="file" data-entity-uuid="e885a07a-592c-40fc-bf82-e6dbaf32da54" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.52.24%E2%80%AFAM.png?VersionId=7s_ErUkSKAdY1mAWp3GRZgMNCGtwhk5m" />

SP Setia plans to deliver the development across three stages.

Stage One would deliver the basement, podium and retail areas for the entire precinct alongside the first student tower. Tower Two would follow in Stage Two, before the 606-apartment Tower Three is delivered as the final stage.

If approved and delivered, the project would close out a redevelopment process that has been underway since the former brewery masterplan was approved in 2007, adding more than 2,600 student beds and apartments to a precinct already home to Swanston Central, the Barak Building, RMIT Design Hub and several large student accommodation developments.

&nbsp;

&nbsp;

Joel Robinson

SP Setia plans three-tower finale for Carlton’s former CUB precinct

Melbourne developer Lowe Living is seeking to add to its growing bayside apartment pipeline, filing plans for a boutique eight-residence development in tightly held Middle Park.

Lowe Living, which has built much of its development portfolio across Melbourne's affluent bayside and south-east suburbs, is behind the plans for the 730 sqm site at <a href="https://www.apartments.com.au/new-apartments/123-125-erskine-street-middle-park-vic-3206">123-125 Erskine Street</a>, just off Armstrong Street and within the Armstrong Street Neighbourhood Activity Centre.

The developer is seeking approval for a five-storey residential building above two basement levels, with just eight large-format apartments and 18 car spaces.

“This is a deliberately very different proposition for us,"&nbsp;Tim Lowe, Co-Founder of Lowe Living, said.

"Eight residences is exceptionally boutique, but that's precisely what this site calls for.

“There is a strong community in Middle Park and the surrounding suburbs who have spent decades building a life here. They no longer want the maintenance of a large period home, but they aren't prepared to compromise on space, quality or location. We think there is a real opportunity to capture that hyper local market. A site like this rarely comes to market.”

<img alt="Lowe " data-entity-type="file" data-entity-uuid="875fe572-0f14-4d90-9e11-55b28dd07731" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.42.49%E2%80%AFAM.png?VersionId=GDNQRv9BfpR9r1zkZ5UDyUM4ZvpIksut" />

The low-density proposal has been designed by Cera Stribley and is being progressed through the Victorian Government's Great Design Fast Track pathway, having already secured eligibility from the Minister for Planning.

The Office of the Victorian Government Architect supported its eligibility after finding the proposal demonstrated consistency with the program's seven design principles, while the project's financial feasibility has also been independently confirmed by Invest Victoria.

The project is targeting the downsizer market, with the planning documents describing the homes as larger-format residences and noting the two penthouses could otherwise have been configured as four separate apartments.

<img alt="Lowe 2" data-entity-type="file" data-entity-uuid="60ab0987-2da6-4175-adac-315dcf6053c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.15%E2%80%AFAM.png?VersionId=bOCPH0B2MFwlmaRW.TTCF9TzyifgVoQI" />

The site has dual frontage to Erskine Street and Canterbury Place and currently comprises a collection of commercial buildings used as offices, including a former heritage bakehouse, a former stable, a later gabled addition and a central courtyard.

It sits within the Commercial 1 Zone and the Armstrong Street Commercial Precinct heritage overlay, with the existing property classified as a contributory heritage place.

Heritage has subsequently played a significant role in Cera Stribley's design.

The front section of the former bakehouse facing Erskine Street will be retained, including its return walls, street-facing hipped roof and chimneys, while the Erskine Street façade and part of the western return wall of the former stable will also be incorporated into the new development.

Levels four and five will be set back five metres from the retained stable façade, while bricks removed through demolition are proposed to be salvaged and reused within the new building where possible.

<img alt="Lowe 3" data-entity-type="file" data-entity-uuid="e97927a9-a2de-4a0f-83b6-65451238abfa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.06%E2%80%AFAM.png?VersionId=VR44AChLrX9q1XPB9GvVQV.ALXXbe4gC" />

Rather than presenting as a single five-storey building to Erskine Street, Cera Stribley has broken the development into a series of distinct forms.

A three-storey infill element will sit between the retained bakehouse and stable façades, with the upper levels recessed behind the heritage fabric. Canterbury Place will similarly feature two three-storey podium forms, separated by a central pedestrian accessway, before the upper two levels step back from the street.

A pedestrian through-link will run through the centre of the project between Erskine Street and Canterbury Place, creating entrances from both sides of the site and introducing landscaping and communal areas through the ground plane.

Landscape architect Acre has designed planting across the ground level, private terraces and upper levels, including a feature canopy tree at level three and integrated planting and arbours across the level four terraces. Five existing Erskine Street trees are proposed to be retained.

Sustainability is also a significant component of the Great Design Fast Track application. The apartments are targeting an average eight-star NatHERS rating, with no residence below 6.5 stars, while the project has achieved a 75 per cent BESS score. Seven of the eight apartments are designed for cross-ventilation, with the remaining residence using mechanically assisted natural ventilation.

The plans also incorporate an 8kWp rooftop solar system, a 5,000-litre rainwater tank and infrastructure allowing future electric vehicle charging for every residence.

Lowe has a strong portfolio across Melbourne's blue-chip suburbs. They recently launched <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House by Lowe Living</a> in Camberwell, their first development in the Stonnington LGA.

Lowe Living unveils Middle Park apartment development

Article summary

<ul data-end="888" data-start="289">
	<li data-end="442" data-section-id="8tsh6o" data-start="289">DVB Projects is preparing to launch its second Gold Coast apartment development, with demolition now underway at 137 Old Burleigh Road, Broadbeach.</li>
	<li data-end="573" data-section-id="1nyxl3e" data-start="443">The 34-level tower will comprise just 49 ultra-luxury residences, including half-floor, full-floor and penthouse apartments.</li>
	<li data-end="717" data-section-id="oiyimj" data-start="574">The launch follows strong demand at DVB's nearby Sea Glass project, which is more than 50 per cent sold and currently under construction.</li>
	<li data-end="888" data-section-id="epk9o9" data-start="718">The development adds to the transformation of Old Burleigh Road, with premium beachfront apartment projects continuing to reshape the tightly held Broadbeach strip.</li>
</ul>

<a href="https://www.apartments.com.au/developers/dvb-projects">DVB Projects</a> is preparing to launch its second Gold Coast apartment development, with demolition now underway on the Broadbeach site as the Sydney developer moves closer to bringing the ultra-luxury project to market.

The 34-level tower at <a href="https://www.apartments.com.au/new-apartments/137-old-burleigh-road-broadbeach-qld-4218">137 Old Burleigh Road</a> will comprise just 49 residences, ranging from half-floor apartments through to full-floor homes and a penthouse. The launch follows the strong sales performance of DVB's nearby Sea Glass development. More than half of the apartments at Sea Glass, on the other side of Broadbeach, have been snapped up, well ahead of its late 2027 completion

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="2944b4be-c84e-4b54-8dc1-c712e76704c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E02_Exterior_Street%20Level%20Entrance.jpg?VersionId=YoNig7pRdrE3HCue7sUj78LzJteeQf3H" />

The start of demolition at 137 Old Burleigh Road signals DVB Projects’ underlying confidence in the Gold Coast’s luxury beachside apartment sector.

“We see the Gold Coast as one of the most compelling lifestyle markets in Australia, particularly at the premium end where demand continues to deepen,” said Dean Brown, Managing Director of DVB.&nbsp;

“This project has been carefully designed to respond to that demand - delivering large-format residences with a level of quality, privacy and amenity that is still relatively rare in the apartment market on the beachside."

Brown says the site itself is "exceptional."

"Old Burleigh Road is one of the most tightly held beachfront strips, and opportunities to deliver a project of this scale and calibre in this location are extremely limited.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="398f377a-c037-455e-9250-0c5e0d84c35b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/I12_FF%20Balcony.jpg?VersionId=NwOiRWGMubR1c8wthuEfggklcja7al9." />

The project will comprise 40 half-floor residences of approximately 260 sqm, alongside eight full-floor residences spanning around 524 sqm.

A single penthouse will crown the building, featuring a private pool, barbecue area, indoor gym and dedicated entertaining spaces.

Residents will have access to a resort-style suite of amenities, including a 20-metre pool with daybeds, a gymnasium, hot and cold plunge pools, a sauna, and private residents’ lounge and dining facilities.

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="d1642bb0-9a66-4427-a022-dfc0988c6287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A02_Pool%20to%20View.jpg?VersionId=c0IXPyn_Gp_Kn3XCwzMrqIVkAdCEwVXP" />

Sales agent Todd Matheson, of <a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a>, which is marketing both 137 Old Burleigh Road and Sea Glass, said 137 Old Burleigh Road would address a clear gap in the market for genuine luxury products.

“There are very few opportunities on the Gold Coast where buyers can secure a residence of this size and quality in a new building,” Matheson said.

“What we’re seeing is a growing cohort of downsizers and interstate buyers who still want space - they’re not willing to compromise on living area, entertaining or finishes.

“This project has been designed with that buyer in mind. It offers the scale of a home, combined with the convenience and security of apartment living, in one of the coast’s most desirable positions.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="59aae0ca-5639-4320-8aca-d0bf60f48e43" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E01_Exterior%20Hero.jpg?VersionId=DS8Zfy2WtgUEtdfe0TEUuf1W1GfcZq8S" />

Located on a 1,156 sqm site one block from the beachfront, the development will replace an ageing walk-up building and is expected to contribute to the ongoing transformation of the Old Burleigh Road strip into one of the Gold Coast’s most prestigious residential corridors.

With the development moving into the delivery phase, 137 Old Burleigh Road is slated to hit the market later this year.

[smartcode_project_cta:default project_id=145141]

DVB Projects to launch second Broadbeach apartment tower as demolition commences

<a data-end="327" data-is-only-node="" data-start="250" href="https://www.apartments.com.au/developers/norus-projects" rel="noopener" target="_new">Norus Developments</a> has lodged plans for a new apartment development in Clayton that would add further momentum to the suburb's emerging Green Street corridor.

Plans have been lodged for the consolidated site at <a href="https://www.apartments.com.au/new-apartments/1359-1365-centre-road-clayton-vic-3168">1359-1365 Centre Road</a>, where Norus is seeking approval for 218 apartments across a 12-storey apartment building designed by <a href="https://www.apartments.com.au/architects/life-architecture-and-urban-design">Life Architecture</a>.

The proposal sits within the Clayton Major Activity Centre at the threshold of the planned Green Street corridor, a landscaped pedestrian connection intended to improve links through the precinct towards Clayton Railway Station.

The development would replace the site's existing collection of low-scale residential and commercial buildings with a single consolidated building, introducing significantly greater housing density to this part of Centre Road.

A retail tenancy is proposed at ground level to activate the Centre Road frontage, accompanied by transparent street interfaces and landscaping intended to create a more pedestrian-focused edge to the development.

<img alt="First look: Norus Developments plans landscape-led apartment project for Clayton’s emerging Green Street" data-entity-type="file" data-entity-uuid="0a5a763a-d9e9-4253-af2f-88008de27ebf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Clayton%20a.png?VersionId=S2WJJbat1XVkZwB9SnYtygirXgWHiklX" />

The building has been designed with stepped massing and upper-level setbacks to manage its transition towards surrounding residential properties. The planning report describes the approach as one that integrates the building into the landscape rather than treating landscaping as a secondary element.

"A strong landscape and public realm strategy underpins the proposal," Urbis states in the planning report.

"Public benefits include an affordable housing contribution, a new pocket park, generous landscaped setbacks, deep soil planting and integrated Water Sensitive Urban Design."

The report adds that these elements are intended to create "a permeable, pedestrian-focused ground plane that enhances walkability, supports urban cooling and reinforces the emerging Green Street character."

Biophilic and passive design principles extend through the residential levels, with planting, daylight, natural ventilation and views towards landscaped areas forming part of the amenity strategy.

Parking would be concentrated away from the public realm, with 145 car spaces proposed from the rear laneway rather than dominating the Centre Road frontage.

The proposal follows an extensive pre-application process with the City of Monash. Three formal meetings were held between the project team and Council from December 2025 to March 2026, with the scheme evolving through several concept iterations before the current design was lodged.

The project arrives as Clayton prepares for substantial change around its established activity centre and the wider Suburban Rail Loop precinct. Its position on Centre Road places the development within an existing concentration of shops, services and public transport, while the Green Street connection is intended to strengthen pedestrian access towards Clayton Railway Station.

First look: Norus plans landscape-led apartment project for Clayton’s emerging Green Street

<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a> has officially commenced construction on Bronze on Chevron, celebrating the sod turning of its first-ever Gold Coast development and marking a significant milestone in the company's continued expansion across South East Queensland.&nbsp;

Following the successful delivery of premium residential developments throughout Brisbane and the Sunshine Coast, <a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-chevron-island-qld-4217">Bronze on Chevron</a> represents Gardner Vaughan Group's entry into the Gold Coast market. Bronze will deliver 119 one, two, three and four-bedroom apartments above two ground-level retail tenancies.

[smartcode_project:default project_id=107520 project_image_fid=367193]

The recent sod turning ceremony was attended by Deputy Mayor Mark Hammel, President of the Surfers Paradise Surf Life Saving Club, Cassandra Sedgman, project consultants, purchasers, project partners and invited guests to celebrate the commencement of construction.&nbsp;

Gardner Vaughan Group Chief Executive Officer Simon Betteridge said Bronze on Chevron represented an exciting new chapter for the business.&nbsp;

"We've spent almost four decades building homes that respond to the way people want to live, and we're excited to bring that experience to <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>," Betteridge said.

"Bronze on Chevron is particularly significant because it marks Gardner Vaughan Group's first development on the Gold Coast following many successful projects across Brisbane and the Sunshine Coast."

[smartcode_project:default project_id=107520 project_image_fid=367183]

Betteridge said the ground breaking is a proud moment for the&nbsp;team and their purchasers, who can now see their future homes beginning to take shape.&nbsp;

"As both developer and builder, we're able to oversee every aspect of the project from design through to construction, ensuring the quality and attention to detail Gardner Vaughan Group has become renowned for."&nbsp;

Designed by acclaimed architectural practice <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, Bronze on Chevron has been thoughtfully designed to complement Chevron Island's evolving streetscape while embracing its relaxed coastal lifestyle.

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029.&nbsp;

[smartcode_project_cta:default project_id=107520]

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029

Gardner Vaughan Group breaks ground on first Gold Coast development, Bronze on Chevron

Apartment Development

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Victoria's planning minister Richard Wynne’s decision to shave two stories off a proposed 12-storey apartment tower project by BRW Rich Lister Tim Gurner in Melbourne's inner north has met with mixed reactions, even though the minister justified his stance.
The decision, made just days before a planning tribunal was to consider the project, was the talk of the room at a major Property Council of Australia address by Wynne on Wednesday, reported Fairfax Media.
Wynne this week imposed a height control of a maximum of 10 storeys, or 30 metres, on the North Fitzroy site where Gurner had already amended his original plan for a 16-storey tower with 470 apartments.
To a question from Property Council of Australia executive director (Victoria) Sally Capp on the move, Wynne said he felt justified by the local council’s initial planning for the site more than 10 years ago but which it failed to include into its planning rules.
The Yarra Council did not finishing structure planning for the site that was begun in 2008 but never submitted to the state planning department.
"There were these holes in the scheme. It was clear to me that I was not prepared to intervene unless the council had done the strategic work that would justify an intervention," Wynne said.
"The council officers' report clearly established the 10-level height was complementary to the height the council had agreed some years before for the Gas and Fuel site that is directly opposite.
"I thought that a 10-level development was reasonable."
Gurner has criticised the minister’s decision, calling it a politically motivated move. He said Wynne is under pressure in his inner-city seat of Richmond, where the Greens are gaining ground.
"I do not know of any other cases where a planning minister has got involved in a site-specific issue like this. It is as unheard of as it is not fair," Gurner said.
"Melbourne is in the middle of a housing affordability crisis and actions like this for political reasons are only going to make it worse."
Wynne held his seat by just 1.9 per cent from the Greens at the last state election and his decision could be a move to pacify Fitzroy North residents fighting the proposed apartment tower, reported The Age.
Gurner was cited by The Age as saying he would press on with the project despite Wynne having "intervened to satisfy NIMBY locals who pretend they care about affordable housing”.
Wynne said that residents had "made no secret of their concerns" about the project.
"We've struck a balance that caters for our growing population, while also addressing the views of hundreds of locals who objected to the scale of the original proposal," he said. "Good planning is about balancing the needs of existing residents and future residents."
Resident group Protect Fitzroy North had been campaigning for eight levels, saying 16 levels would have been a huge over-development of the site.
Architect, Koichi Takada initially proposed a cascading 16-storey development of about 550 apartments, covered in greenery inspired by the rice paddies of south-east Asia.  
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jonathanchancellor-7SQnKwU6yx

Victoria's planning minister defends decision to trim Gurner project

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Paul Broad of Broad Property Research and Advisory said Hamilton's proximity to the river and access to major infrastructure had made it a stand-out performer.
"Whether it is located near an ocean, lake or river, people pay a premium for waterfront property because waterfront land to build upon is scarce," he said.
"Not only is Hamilton a riverside suburb, it has been one of the prime beneficiaries of major infrastructure spending, with all of Brisbane's major arterial routes immediately accessible through the city's network of tunnels.
"The suburb's winning combination of location, amenity and infrastructure is something investors cannot ignore, particularly in the absolute riverfront developments."
"The basic principles of supply and demand dictate that prices go up for any desirable item for which there is a limited supply.
"The old adage that the three secrets to real estate are 'location, location, location' holds true in that being on the water is typically the best location available.
"The high household income at Portside Wharf is mainly due to the fact that 40 percent of Portside Wharf's residents aged over 15 are professionals, compared to just 19 percent across Queensland as a whole.
"This provides a pool of quality tenants who desire, and are willing to pay premium rents for well-positioned property." 
Mr Broad said 2011 Census data put the median weekly household income in Brookfield Residential Properties'  Portside Wharf precinct, which neighbours the new Gallery House apartments, at $2,416 per week, nearlydouble the average median weekly household income of $1,235 per week across Queensland.
<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/2017/02/14/700_couple.jpg" alt="">
Jonathan and Brianna Parsons (above) were among the first to purchase at Gallery House, which will sit on a prime riverfront site in Hamilton. 
Mr Parsons said the backdrop of the Brisbane River and CBD was one of the biggest motivators.
"Our one bedroom apartment will be spacious and we will also love the break-out spaces like the rooftop pool and barbeque area, which will be great for entertaining," he said.
"We decided the apartment was perfect for our self-managed super fund because we can't see ourselves ever wanting to sell something as rare as this.
"We are buying for the long term and over the years we have observed that riverfront apartments are always in high demand and are much more resilient to market fluctuations than non-riverfront locations."
For more information on Gallery House visit the new Sales &amp; Display Centre at Portside Wharf or gallery-house.com.au.
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Riverside location driving Hamilton, Brisbane apartment market

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Billionaire Lindsay Fox has plans to replace his corporate offices on Melbourne's St Kilda Road with a prestige apartment tower.
It is the first residential project for the trucking magnate.
Fox has submitted plans for a 20-storey apartment tower on a prime site overlooking the nearby Fawkner Gardens.
The project will deliver 148 upmarket apartments across 32,000 square metres of space.
Fairfax Media say the development value of the project has been listed as $90 million.
The low-rise building at 493 St Kilda Road was bought in 2007.
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jchancellor-FAypfDUnLy

Lindsay Fox plans St Kilda Road apartment highrise

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Record apartment prices are being set all over Sydney, the latest in the Sutherland Shire.
It was a sub-penthouse at Cronulla that sold mid-week off the plan for $5.7 million through David Highland at Highland Property.
The 155 sqm apartment in the soon to be developed, Pinnacle on McDonald Street was bought by a local buyer.
It comprises three bedrooms plus media room with a balcony that offers views across the ocean from Jibbon Beach to Boat Harbour.
David Highland says it broke the Sutherland Shire record both in price and sqm rates. 
It topped the Shire's previous record, a $5.51 million off-market sale of a four bedroom penthouse. 
“We’ve had a lot of interest prior to marketing, particularly from local buyers”, he said. 
“The location and finishes are second to none, and the fact that each apartment has its own level with elevator access, offers a unique selling point.” 
The Innovative Architects designed development is made up of six whole floor apartments with direct access to The Esplanade.
Each of the apartments were finished with interiors from EB Interior Design.
Construction completion is due in 2018.
This article first appeared in the Sunday Telegraph.
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j.ballantyne1990-6AQqhLzZaK

Record apartment prices hit Sydney's Sutherland Shire

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Crown Resorts and developer Schiavello have appointed Knight Frank to market their planned super-luxury apartment project One Queensbridge in Melbourne.
Planned to be a 'vertical neighbourhood' situated above a six-star, 388-room Crown hotel, One Queensbridge is being touted by Knight Frank as the most prestigious residential offering in Australia.
The apartments at <a href="https://onequeensbridge.com.au/" target="_blank">One Queensbridge</a> have been designed by British architects, Wilkinson Eyre, who have worked on landmark projects including King's Cross Gasholders, Battersea Power Station in London, and Gardens by the Bay in Singapore, among others.
The complex will feature a luxury rooftop bar and dining area with views of Melbourne. One Queensbridge plans to offer a full suite of resort facilities to its residents. 
The project is still awaiting approval from the Council.
Knight Frank's director, Sales &amp; Marketing One Queensbridge, Erin van Tuil will lead the campaign.
“Given the lack of supply of prime and super-prime apartments in Sydney and Melbourne, we are very confident that this development will be embraced by buyers both locally and internationally,” said van Tuil.
Knight Frank's latest research report, the Prime Global Cities Index – Q2 2016, placed Melbourne ahead of Sydney for prime residential, ranking fifth globally.  
Lord Andrew Hay, head of Knight Frank’s Global Residential, said it will place Australia in the global arena for luxury residential property offerings.
"One Queensbridge will be ranked among the world's best, alongside London's One Hyde Park and New York's One57.”
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prateek24-ezbwHMbNAk

Knight Frank to market super-luxury One Queensbridge apartment project in Melbourne

<html><body><div align="justify">
Working professionals and the Gen X and Gen Y market is driving demand for concierge services and hotel style facilities in Melbourne's apartment market according to Lendlease. 
Ben Christie, head of apartments for Lendlease’s Urban Regeneration, business said the resident’s model of customer service was on the rise as buyers begin to prioritise help services when choosing an apartment.  
“Buyers are welcoming the future of apartment living by embracing personalised lobby and concierge services," he said.
"We are now seeing purchasers demand more from their building’s amenities, which they have probably underused in the past." 
Such services include help with move-ins and move-outs, sign for mail on behalf of residents, remember the names of residents’ regular family members and guests, provide personal assistant services such as making dinner reservations, ordering food, reserving tickets, and other housekeeping and maintenance jobs.
One local residential complex with such facilities is Melbourne Quarter’s Club MQ.
It offers residents a hotel-style grand arrival entrance to Club MQ (off Flinders Street) with undercover drop-off and concierge service, secondary pedestrian lobby to the Club MQ and apartments off the precinct neighbourhood park, residents library and lounge, theatrette for 20 people and three internal private dining areas featuring outdoor terraces and BBQ amenity aside from the actual gym and pool facilities.
The gym facilities include a  25m indoor heated pool, custom designed 20+ seater spa (size to be confirmed), separate steam room, sauna facilities and change room amenities located on the pool level facility area, gym and multipurpose yoga/function room overlooking the pool area.
The levies for Club MQ, the wider residential precinct amenity and common areas will be shared by all apartment owners within the residential precinct (MQ East Tower and two remaining residential towers on site) on the completion of the development.
The project will be completed in stages over the next six years with the entire residential precinct expected to reach completion by mid-2022.
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Swimming pool at Lendlease project growing concierge culture converts CBD apartment buyers

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The first residents have started moving into Radius Apartments in Brisbane’s Woolloongabba, with the newly completed development also starting to operate as serviced accommodation.
The mixed-use project by Majella Property Developments at 44 O’Keefe Street comprises 91 apartments with a mix of 35 one-bedroom and 56 two-bedroom units. It is also being operated by Oaks Hotels &amp; Resorts as Oaks Woolloongabba.
Majella chief executive officer Sebastian Monsour said the larger size of the apartments and the overall quality appealed to buyers.
“On average, the apartments are larger than those in other new residential developments selling for similar prices within Brisbane city and fringe suburbs. This has proven very popular with potential buyers as they consider it better value for money,” Monsour said.
The one-bedroom apartments range in size from 79 sqm to 98 sqm, while two-bedroom apartments ranging from 99 sqm to 133 sqm. Apartment pricing ranged from $357,000 to $569,000.
Two commercial tenancies have also sold in the commercial space.
Majella Group founder Professor Frank Monsour said, “Brisbane City Council’s Urban Renewal Brisbane program has ensured that Woolloongabba has undergone unprecedented revitalisation.”
The launch of Oaks Woolloongabba was the tenth Brisbane property for Oaks Hotels &amp; Resorts with a room inventory of more than 1,400 rooms.
Radius was constructed by Queensland’s Tomkins Commercial &amp; Industrial Builders.
<img src="/images/2016/09/19/WOLRooftop.jpg" alt="" width="749" height="499">
The complex is built on Woolloongabba’s highest point at 44 O’Keefe Street and offers views of the city.
Designed by Elizabeth Anderson of Hayes Anderson Lynch Architects, Radius Apartments features a rooftop sky deck with city views, a 20-metre swimming pool, gardens and barbecue facilities.
Majella Property Developments will soon be lodging its development application for the proposed redevelopment of the heritage-listed Broadway Hotel site at Woolloongabba featuring 280 apartments and a three-level commercial and retail podium.
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New apartment project in Brisbane's Woolloongabba welcomes first residents

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Vacancy rate figures are a leading example of how generalised data can be dangerously misleading for real estate consumers.
Research companies like to publish statistics which describe an entire city in a single figure. One might tell us that “Sydney house prices” have risen 8 percent in the past year, but what does that mean for a metropolitan area with over 700 suburbs and five million residents?
The overall vacancy rate for Melbourne is a healthy 2.1 percent, according to SQM Research, but does that make investment in the city generally safe? Behind that generalised figure lie myriad different situations, including some (like inner-city Southbank and suburban Doncaster) where vacancies are in the 5-6 percent range.
The Brisbane metropolitan area provides a sobering case study for this topic. The overall vacancy rate is 2.9 percent, which is within the accepted comfort zone.
But closer examination reveals some worrying information. The city’s generalised vacancy rate has risen from 2.6 percent a year ago to 2.8 percent in June and 2.9 percent in July.
But specific areas show much higher vacancies and it’s not just the inner-city apartment markets. The unit development frenzy has extended to the suburbs and some precincts have alarmingly high vacancy rates now.
The latest figures show the Brisbane CBD has a vacancy rate of 5.3 percent. Surrounding near-city markets including South Brisbane, Woolloongabba, Kangaroo Point and Fortitude Valley all have vacancies in the range from 4.1 to 5.8 percent.
With major projects under construction, many of these rates will get considerably worse before they get better.
But now suburban markets well beyond the inner-city high-rise precincts are joining this disturbing trend.
There is major new construction of units happening in many of the suburbs on Brisbane’s Northside, in the middle ring suburbs where houses have dominated in the past. Thousands of new apartments received council approval in the financial year just ended. 
The suburbs most impacted are Albion, Chermside, Everton Park, Kedron, Gordon Park, Wooloowin and Lutwyche. 
The Albion postcode now has a vacancy rate above 9 percent. The postcode covering Kelvin Grove, where major urban renewal projects have been targeted, has a vacancy rate above 5 percent.
The postcode covering Lutwyche and Windsor is at 4.4 percent, while Herston is 4.8 percent. 
Chermside’s vacancy rate is currently reported as 3.7 percent but is trending upwards and is likely to go much higher as there is widespread new development in this area. 
There was recent publicity for this area, based on a research report that Chermside would become a property hotspot because of projected population growth. This was based on recent residential building approvals. Property marketers weighed in, suggesting this was a good place to buy.
There’s no doubt that the Chermside precinct has many good qualities – well-established residential areas supported by major infrastructure, facilities and jobs nodes. It’s part of a precinct that I wrote about favourably a few years ago, when Brisbane Northside generally was leading price growth in metropolitan Brisbane.
But those days have passed. The momentum has shifted to other parts of the Brisbane market and, in the meantime, developers have dived en masse into the Northside market. 
All those positive qualities– population growth, good transport links, employment growth and great services and amenities – can be overpowered and rendered meaningless by one simple factor: oversupply. 
Brisbane’s overall vacancy rate of 2.9 percent does not alert us to the reality that places like Chermside have much higher vacancies, which are rising steadily and set to become worse.
Terry Ryder is the founder of <a href="https://www.hotspotting.com.au/" target="_blank">hotspotting.com.au</a>. You can <a href="https://mailto:ryder@hotspotting.com.au" target="_blank">email him</a> or follow him on <a href="https://twitter.com/hotspotting" target="_blank">Twitter.</a>
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Brisbane unit development frenzy hits the suburbs: Terry Ryder

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The builder and consultancy firm to develop Illoura Coolum, a $35 million oceanfront apartment project in Sunshine Coast, have been announced.
Queensland developer Coolum Terrace Holdings has named RCQ Construction builder for the 37-apartment project, while Sunshine Coast’s KHA Project Management will manage the project.
Illoura Coolum comprises two buildings comprising one, two and three-bedroom apartments and penthouses ranging in size from 140 sqm to 563 sqm. Prices range from $375,000 to $1.5 million.
Spokeswoman Elisabeth Pernod for Coolum Terrace Holdings, which developed the project, said the appointment of RCQ Construction was an important milestone. 
“We expect construction to start in the next three months, with a build time of approximately 12 months,’’ she said.
Apart from beach views for nearly all apartments, other features include individual fully-ducted air conditioning, full height two-pac kitchens, stone benchtops, bedrooms. Amenities include direct access to Coolum Esplanade, spaces for barbecue and relaxation pavilion.
The architects for the project are Blackburne Jackson Design.
 Property Observer had previously reported that 30 percent of apartments have already been sold. 
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RCQ Construction to build luxury oceanfront apartments on Sunshine Coast

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Galileo Funds' $165 million apartment project Palisade at Miranda in Sydney's south was launched at the weekend. 
But the overall sales rate reflected the reduced demand and increased caution arising from over supply headlines with just 65 per cent of the 197 apartments finding buyers.
They were priced between $580,000 to $1.5 million on Saturday. 
Australian developer Galileo Group advised the launch of their long awaited residential project Palisade Miranda was met with "great success." 
CBRE Chairman Justin Brown even described the response as "overwhelming." 
But gone are the days of the 100 percent Saturday morning sellouts. CRBE had recently advised a 70 percent sales result on launch was the new norm.  
Palisade is an eight-storey, resort-style development designed by KannFinch and UP Architects, with luxury amenities including a 20-metre pool, lush landscaping, outdoor daybeds, private gym and poolside clubhouse for residents to use as a function space.
There's interiors by Neil Bradford Design. 
Paul Marshall, of Galileo, says Miranda has had limited new development over the past decade. 
"This, coupled with the refurbishment of Westfield, has created strong demand from local purchasers," he suggested prior to the weekend launch. 
Existing residents of Sutherland Shire were Palisade's primary target market with its proximity 200 metres from Westfield Miranda and about one kilometre from Miranda station. 
Prices at the University Road, Miranda project start at one beds, 53-57 square metres, $580,000 to $700,000; two beds, 80-92 square metres, $795,000 to $1.05 million; three beds, 101-123 square metres, $1.09 million to $1.5 million.
It is due for completion early 2019.
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