Local developer Harridan is seeking to turn its Woolloongabba apartment project into the first stage of a broader transformation of Burke Street, using a new 16-storey mixed-use building to establish a greener pedestrian connection toward the rapidly evolving Boggo Road transport and knowledge precinct.

The South East Queensland developer has filed plans for 154 apartments on the <a href="https://www.apartments.com.au/new-apartments/4-burke-street-woolloongabba-qld-4102">southern side of Burke Street</a>, where its proposal has been designed alongside a wider vision by LatStudios for the street.

That vision positions the southern side of Burke Street for buildings of 15 storeys and above, while envisaging lower-rise development of up to five storeys on the northern side to transition into Woolloongabba's existing character housing. It also proposes wider pedestrian verges, deep planting, new street trees and upgrades to the pedestrian approach to Boggo Road Station.

The Harridan development itself has been designed by Brisbane-based Arqus Design and will comprise 154 apartments across 16 storeys. The mix is weighted heavily toward two-bedroom apartments, with 121 proposed alongside 10 one-bedroom and 23 three-bedroom residences. There will typically be around 14 units per floor.

A lower-ground car park and three podium levels will accommodate 156 resident parking spaces, along with visitor and commercial parking. There will also be 154 resident bicycle spaces and 40 visitor bicycle parks.

&nbsp;

Harridan is a family-owned developer and part of the Holmwood Highgate Group, with more than three decades of development activity across South East Queensland. Its portfolio spans residential, commercial and industrial property, with current residential projects including Riverbank on Byron in Bulimba, Esperance Residences in Carina and The Precinct at Kinross Road in Thornlands.

Wooloongabba has been popular for apartment developers, particularly since the announcement of the 2032 Summer Olympics games in Brisbane.

While there have been a lot of development applications, it has failed to materialize into real supply.&nbsp;

Sarazin has been the major player in the area. They are under construction at Murcia Residences, on the fringe of East Brisbane and Woolloongabba. They have just launched <a href="https://www.apartments.com.au/new-apartments/the-stanley-residences-woolloongabba-8-trafalgar-street-woolloongabba-qld-4102">The Stanley Residences</a>, in Woolloongabba on Trafalagar Street. They also have Nuage coming soon on the nearby <a href="https://www.apartments.com.au/new-apartments/nuage-woolloongabba-14-wellington-road-woolloongabba-qld-4102">Wellington Road</a>.

Joel Robinson

First look: Harridan plans Burke Street transformation beside Boggo Road transport hub

IN BRIEF

<ul>
	<li>
	Just three double-storey Sky Homes sit at the top of The Waterline, each with its own private marina berth and rooftop terrace.
	</li>
	<li>
	Construction on The Waterline is complete, with the first residents expected to move in from mid-October.
	</li>
	<li>
	Sky Homes range from 282 sqm to 367 sqm and are priced from $3.65 million.
	</li>
</ul>

<hr />
Lewis Land has opened the first completed sky home for inspection at Harbour Shores, giving buyers their first opportunity to step inside one of just three double-storey residences crowning The Waterline.

Each sky home comes with its own private marina berth, rooftop terrace and Broadwater views, combining the scale of a larger home with direct access to the boating lifestyle that underpins the wider <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplan.

[smartcode_project:default project_id=113271 project_image_fid=366708]

Lewis Land Head of Development Michael Long said the inclusion of a berth with every Sky Home had become increasingly valuable as marina access across the Gold Coast tightened.

“Marina berths are becoming increasingly difficult to secure across the Gold Coast, so including one with every Sky Home makes this a genuinely rare offering,” Long said.

“The private 70-berth marina will accommodate boats up to 12 metres in length and is positioned just 2.5 kilometres from the Broadwater, placing the open ocean only 15 minutes away.

“Being able to step out of your home onto your boat is a rare luxury, and it’s something residents here can look forward to when it opens later this year.”

[smartcode_project:default project_id=113271 project_image_fid=366709]

The display opening comes as construction completes on The Waterline, with the first residents expected to move in from mid-October.

The three Sky Homes range from 282 sqm to 367 sqm and each feature three bedrooms, three bathrooms, multiple living zones, expansive kitchens with butler's pantries and large balconies taking in the Broadwater outlook.

Each residence also has three secure basement car spaces and additional storage.

“This is the first opportunity the Gold Coast has had to step into Harbour Shores and see, touch and feel what we’re bringing to life here,” Long said.

“There are only three Sky Homes within The Waterline, ranging in size from 282sqm to 367sqm, with each residence featuring three large bedrooms, three bathrooms, multiple living zones, expansive custom-built kitchens with butler’s pantry, and large balconies capturing Broadwater views.”

<img alt="Harbour Shores" data-entity-type="file" data-entity-uuid="bab65e10-4fab-45e1-92d8-fc56e2ab98ff" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%202.00.16%E2%80%AFPM.png?VersionId=XT8q76LsPkw3cYTsvN3JfFDaPLud90PN" />

Residents of The Waterline will have access to a private pool, along with Harbour Shores' wider collection of amenity including a lagoon pool, social clubhouse, tennis court, gym, yoga facilities and sauna.

Lewis Land partnered with Studio Collective to furnish the completed display, with the interiors designed to demonstrate how the residences could function as permanent homes rather than simply as show apartments.

Studio Collective Director Melissa Park said the surrounding waterways informed the interiors, but in a more restrained way than a traditional coastal scheme.

“We drew inspiration from the canals and coastal surrounds, but our approach was to interpret that subtly through layered materials and a grounded palette of earthy tones, rather than literal coastal references,” Park said.

“We introduced hero moments of green and teal to reference the surrounding waterways, while mirrored elements help reflect natural light.

“The result is a residence that feels elevated yet comfortable, somewhere buyers can genuinely imagine themselves living, entertaining and unwinding.”

Sky Homes are priced from $3.65 million.

Lewis Land is also offering private marina berths with The Residences, its limited collection of three and four-bedroom villas positioned directly along the Harbour Shores waterfront boardwalk.

Three-bedroom villas are priced from $2.99 million, while four-bedroom residences start from $3.19 million.

Harbour Shores is being marketed by Colliers International.

[smartcode_project_cta:default project_id=113271]

Lewis Land opens sky home display as The Waterline completes at Harbour Shores

St Vincent de Paul Society Housing Australia has filed plans for a major mixed-use housing precinct on the southern edge of the North Sydney CBD, adding another significant proposal to a pocket around North Sydn​ey Station that is quickly becoming one of the LGA's busiest development zones.

The State Significant Development Application covers a 5,990 sqm site at <a href="https://www.apartments.com.au/new-apartments/1-19-mackenzie-street-lavender-bay-nsw-2060">1-19 MacKenzie Street and 211 Blues Point Road in Lavender Bay</a>, immediately south of Nor​th Sydney Station and between the commercial core and the lower-rise Lavender Bay Heritage Conservation Area.

Designed by Wardle, the proposal would deliver a new residential tower comprising 88 build-to-sell apartments and 19 affordable apartments, alongside a separate co-living building with 57 rooms and a building manager's studio.

It would also see the significant restoration and upgrade of St Francis Xavier Catholic Church, the adaptive reuse of the former school building, new parish facilities, retail, a new public square and around 1,000 sqm of publicly accessible open space.

<img alt="Vinnies North Sydney" data-entity-type="file" data-entity-uuid="d5dd7f87-a617-463e-b577-17541e01f0e9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%209.10.13%E2%80%AFAM.png?VersionId=4R8TsFN3P_LrrXO2HswTOIrx2blil8lh" />

The project is seeking a concurrent rezoning of the site to R4 High Density Residential and an increase in the maximum building height to allow a tower reaching RL120, or up to 20 storeys. The proposal was progressed through the NSW Government's Housing Delivery Authority pathway.

The build-to-sell component will be weighted toward larger apartments, with just six one-bedroom apartments compared with 31 two-beds, 43 three-beds and eight four-bedroom residences.

The 19 affordable apartments will comprise two studios, 15 one-bedroom apartments and two two-bedroom apartments, taking the total apartment component to 107 residences before the 58 co-living rooms are included.

<img alt="Vnnies" data-entity-type="file" data-entity-uuid="7d568ca5-cb90-4e18-96c6-d9795dba0c56" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%209.10.05%E2%80%AFAM.png?VersionId=GY2R5M9VtQh0EKy1vajaea19PSLOPuRD" />

Wardle's design for the Vinnies site has sought to negotiate that emerging high-rise context while retaining the lower-scale character of MacKenzie Street and the adjoining heritage conservation area.

The main building adopts a three-storey podium and tower arrangement, with the podium aligned to the ridgeline and front setback of St Francis Xavier Church.&nbsp;Wardle has designed the podium with colonnades, seating, recessed entries and active ground-floor frontages, with sandstone-toned precast concrete and face brick referencing the materiality of the existing church.

The tower then steps back eight metres to the south and six metres to the north before rising in a sculpted form comprising four interlocking quadrants. Wardle has also introduced rounded forms and chamfered corners to reduce the tower's perceived bulk and improve view sharing with neighbouring development sites.

Resident facilities and outdoor areas are planned at the separation between the podium and tower at Level 3, oriented toward Sydney Harbour and the CBD skyline.

The tower itself will feature a glass reinforced concrete facade, with recessed balconies and deep reveals used both to provide shading and privacy and frame views toward the harbour and city. The lower levels take a different architectural approach, using brick and sandstone-toned finishes intended to establish a stronger relationship with St Francis Xavier Church. The Church itself will be conserved and upgraded for its continued use, while the former school building will be adaptively reused as part of the co-living component.

<img alt="Lavendar Bay" data-entity-type="file" data-entity-uuid="2d4418ad-90aa-4d49-af93-c80b140aea80" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%209.09.47%E2%80%AFAM.png?VersionId=Kv4gzbsACaGvZSRuaqcfGC54jEJRXIDJ" />

&nbsp;

The proposal adds to an increasingly concentrated pipeline of residential development around Blue Street, MacKenzie Street and Lavender Bay.

Just west of the site, Central Element lodged plans earlier this year for one of the most significant residential developments proposed in Lavender Bay in recent years.

Central Element's SJB-designed scheme at 64-66 Lavender Street and 3-7 Middlemiss Street would deliver 163 apartments across two towers rising 23 and 32 storeys, replacing five existing apartment buildings containing 32 homes. The project also forms part of the Housing Delivery Authority pathway.

<a href="https://www.apartments.com.au/news/nsw/first-look-central-element-reveals-lavender-bay-apartment-plans?utm_source=chatgpt.com" rel="noopener" target="_blank">First look: Central Element reveals Lavender Bay apartment plans</a>

Immediately around North Sy​dney Station, another two significant proposals have emerged at 5 and 15 Blue Street.

Zurich Australian Insurance Properties is seeking to adaptively reuse its longstanding commercial building at 5 Blue Street, directly above North Sydney Station, rather than demolishing the structure.

Its SSDA proposes converting the building into a 14-storey mixed-use development with 62 apartments and 86 co-living rooms, together with ground-floor retail and a major refurbishment of Blue Street Plaza. The application is currently at the Response to Submissions stage.

<a href="https://www.apartments.com.au/news/nsw/first-look-zurich-targets-north-sydney-office-conversion-with-148-unit-proposal-above-metro-station">First look: Zurich targets North Sydney office conversion with 148-unit proposal above Metro station</a>

&nbsp;

First look: Vinnies files for 20-storey Lavender Bay apartment tower as North Sydney housing pocket heats up

When the opportunity arose for South Australian developer Palumbo to return to Kent Town, where it had previously delivered East Park Apartments and the East 
Rundle Apartments, it wasn't one the longstanding developer-builder was going to pass up.

The decision was quickly vindicated, with more than 30 apartments sold within the first month of launching <a href="https://www.apartments.com.au/new-apartments/royal-apartments-kent-town-2-8-north-terrace-kent-town-sa-5067">Royal Apartments</a> to the market.

The 206-apartment development, which will bring significant new supply to Adelaide's tightly held eastern city fringe, also gives <a href="https://www.apartments.com.au/developers/palumbo">Palumbo</a> the opportunity to bring new life to one of Kent Town's most recognisable watering holes.

[smartcode_project:default project_id=6109 project_image_fid=376073]

Royal Apartments incorporates the historic Royal Hotel, a venue Palumbo Managing Director Daniel Palumbo said has a longstanding connection with the local community.

"Everyone in the area has history with the Royal Hotel," Palumbo told Apartments.com.au.

"It was quite an active pub and social gathering place for locals. We want to bring it back to its former glory."

[smartcode_project:default project_id=6109 project_image_fid=376072]

The wider development will comprise two residential towers alongside the restored hotel, sitting on North Terrace opposite the Adelaide Park Lands.

For Palumbo, the project also marks a return to familiar territory.

The developer completed East Park Apartments next door more than a decade ago and jumped at the opportunity to develop in Kent Town again when the Royal Hotel site became available.

"The opportunity emerged, and we moved to secure the site," Palumbo said.

"We were approached by the previous landowner, who said they had extensive commitments in Sydney and weren't in a position to deliver the project.

"We took over the site and within six months recut the design scheme to be more in keeping with the type of development we want to bring to Adelaide.

"Now we're on the market and those changes have really resonated with local buyers."

That has translated into a strong start to sales, with 33 apartments transacting in the project's first 35 days.

Palumbo said the early purchaser profile had been consistent with the group's traditional focus on owner-occupiers rather than investor-led apartment stock.

"Local owner-occupiers have always been our market," he said.

"There are always some investors, but we've never developed what would be called traditional development stock. Owner-occupiers are very much our market."

[smartcode_project:default project_id=6109 project_image_fid=376068]

The buyer mix has been diverse so far, with downsizers and younger professionals both accounting for a significant portion of early sales.

South Australia's current stamp duty settings, which allow&nbsp;eligible homeowners in South Australia aged 60 savings of up to $103,830 on stamp duty when they downsize to a new property valued at up to $2 million,&nbsp;have helped encourage downsizer activity, while younger buyers in their late 20s and early 30s have been attracted to the opportunity to live immediately outside the CBD while still being able to walk into the city.



Location has been a major part of the proposition for both buyer cohorts.

[smartcode_project:default project_id=6109 project_image_fid=376075]

Royal Apartments sits on North Terrace directly opposite the Adelaide Park Lands, with residents able to walk through the parklands toward the East End, Rundle Street and Rundle Mall.

Apartments have been positioned to capture views across the parklands, Adelaide skyline, Botanic Gardens and Adelaide Hills.

Palumbo believes the scarcity of developable land along this section of the Park Lands makes the site particularly difficult to replicate.

"There's very few allotments on that side that can be developed," he said.

"If this location was in New York and you were sitting on Central Park, you'd be talking about a $60 million apartments."

Royal Apartments will offer a broad mix of residences, ranging from one-bedroom apartments through to four-bedroom sub-penthouses and penthouses.

Current listings include one-bedroom apartments from $680,000, while larger three and four-bedroom residences are priced around $2.5 million.

Residents will have access to a swimming pool, gym, barbecue and recreation areas, residents' lounge and dining space, and a communal deck.

[smartcode_project:default project_id=6109 project_image_fid=376067]

The apartments will feature generous balconies, while secure parking, bicycle storage and storage cages will also be provided.

A porte-cochère-style arrival and drop-off area has also resonated with buyers, particularly those attracted to being able to walk into the CBD during the day while retaining secure vehicle access at home.

Palumbo is acting as developer, architect and builder on Royal Apartments, continuing the vertically integrated model it has used across its South Australian portfolio.

The group was also behind the $150 million Sofitel Adelaide, the 251-room five-star hotel and residential tower which opened in 2021.

Palumbo said Royal's launch had come at an interesting time for the broader Adelaide apartment market.

Buyer confidence had initially been impacted by uncertainty surrounding the Federal Budget and broader economic conditions, but Palumbo believes sentiment is beginning to improve against a backdrop of significant investment flowing into South Australia.

He pointed to increased activity across defence and resources, including Olympic Dam, as potential long-term drivers of the state's economy and housing market.

"Money is starting to flow into Adeliade, significant amounts as Adelaide bucks the trend of the rest of the country.," Palumbo said.

"There's a lot of activity in the economy over the next decade. I think more investment will come into this market."

Early works on Royal Apartments are expected to commence this year, with major construction activity and cranes anticipated on site from early next year.

[smartcode_project_cta:default project_id=6109]

Palumbo's return to Kent Town strikes early chord with buyers

Go-to builder-developer <a href="https://www.apartments.com.au/developers/graya">GRAYA</a> is continuing to bulk out its already impressive and diverse apartment portfolio across South East Queensland. Their latest milestone is securing development approval for Silk, its boutique riverfront apartment development in St Lucia.

The approval clears&nbsp;the way for the team to begin construction planning for the 22-residence project.

<a href="https://www.apartments.com.au/new-apartments/silk-st-lucia-16-18-sandford-street-st-lucia-qld-4067">Silk</a> will rise 15 levels from an 810 sqm site at 16-18 Sandford Street, occupying a prominent bend of the Brisbane River with a prized northern aspect across Orleigh Park toward the Brisbane CBD.

The approved scheme will comprise 16 split-floor and six full-floor residences, continuing GRAYA's move into larger-format apartment developments targeting Brisbane's prestige owner-occupier market.

The project has been designed around the site's broad river frontage and dual-direction views, with GRAYA prioritising larger residences, privacy and outlook over apartment yield.

<img alt="Silk St Lucia" data-entity-type="file" data-entity-uuid="aa5c2349-f96c-4914-a812-1f2cd6827af8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%208.25.44%E2%80%AFAM.png?VersionId=WY0vEU_7vYjeRJKQHiCwFdMxu8PvFh52" />

GRAYA Co-founder and Chief Executive Officer Rob Gray said the project had been shaped around local homeowners wanting to remain in St Lucia without maintaining a traditional family home.

"St Lucia is one of those suburbs people do not want to leave," Gray said.

"They know the river, the trees, UQ, the golf course, Toowong and Indooroopilly, and that familiarity is hard to replace.

"True riverfront opportunities here are exceptionally scarce. What we have designed at Silk is a way to stay in the suburb people love, with the scale and privacy of a private home and far less to maintain.

"This is not typical apartment product. It is a proper home on the river, and that is exactly what this market has been missing."

The approval comes as new apartment development continues to increase across the St Lucia and neighbouring Toowong corridor, although direct riverfront sites remain considerably more tightly held.

GRAYA Co-founder and Managing Director Andrew Gray said securing the approval had removed a significant element of development risk from Silk.

"Genuine riverfront sites of this quality in St Lucia are not something that comes up regularly," Gray said.

"The approval removes a substantial layer of execution risk, and the location underwrites demand in a way very few inner-city sites can.

"The fundamentals here are as strong as anything we have assessed in Brisbane."

<img alt="Silk St Lucia" data-entity-type="file" data-entity-uuid="d0f3d734-65e1-48e8-8ed3-2e0715ffcdd9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%208.25.56%E2%80%AFAM.png?VersionId=sOLSs_jdHkXLWbBKzRyayf5BfTb2vPsD" />

Silk will see GRAYA return to a stretch of the Brisbane River where it already has recent construction experience. The vertically integrated group recently completed ARC in neighbouring Toowong as builder for developer Spyre, delivering the riverfront project on a constrained site.

GRAYA will take a different role at Silk, controlling the project from design and development through construction and aftercare under its vertically integrated model.

The development will include a gym and resident leisure areas at ground level, integrated with the river's edge.

Silk joins a growing pipeline for GRAYA across Brisbane and the Gold Coast, which includes Enclave, The Gallery, Coral and Ripple.

The developer-builder has also recently lodged plans for its largest project to date, <a href="https://www.apartments.com.au/new-apartments/the-silo-19-chester-street-newstead-qld-4006">The Silo</a>, a proposed <a href="https://www.apartments.com.au/news/qld/graya-buys-frasers-newstead-site-plans-the-silo-between-james-street-and-gasworks-precincts">$700 million mixed-use development</a> in Brisbane's James Street precinct.

Silk is expected to predominantly target local owner-occupiers and prestige buyers seeking a permanent riverfront home in Brisbane's inner west.

Registrations of interest are now open, with further details on the project and construction program to be released as it progresses.

<hr />
<h2>SILK PROJECT FACTS</h2>

Developer-builder: GRAYA

Project: Silk

Location: 16-18 Sandford Street, St Lucia

Apartments: 22

Built form: 15 levels

Site: 810 sqm riverfront holding

Mix: 16 split-floor and six full-floor residences

Status: Development approved

Next step: Construction planning underway

[smartcode_project_cta:default project_id=152168]

GRAYA greenlit for riverfront St Lucia apartment development, Silk

Circular Quay

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China's Wanda Group headed by the tycoon Wang Jianlin has sold its One Circular Quay development, along with its Gold Coast Jewel development.
 Wanda Australia's managing director, John Wei, negotiated the sale of the Circular Quay site (above).
Wanda started demolishing the Gold Fields tower at No.1 Alfred Street for a mixed-use scheme incorporating a five-star Wanda Vista Hotel, 190 exclusive private residences, and boutique retail premises last November having paid $425 million three years earlier.
It had been seeking prestige apartment buyers at One Circular Quay since last October, but the display suite has been closed to most inquiry over the Christmas break.
The Jewel (below) sales had been slow since 2015 at the project which Ridong has also sold out of this week.
Dalian Wanda Group announced the sale of their two Australian property projects as the Chinese firm looks to lessen financial strains caused by a major acquisition spree. 
<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/2018/1/25/GC%20WANDA.jpg" alt="">
China’s regulators last year told banks to stop providing funding for several of the conglomerate’s overseas acquisitions, sources have said, prompting a string of asset sales by Wanda, whose businesses range from real estate to football and cinemas, including Hoyts. 
The two high-end residential and hotel projects under development have been sold at around cost. 
No buyer has been revealed, although The Australian newspaper reported last week that property developer Yuhu, which is backed by Chinese investors, had entered into exclusive talks with Wanda to buy the assets in a deal at around A$1 billion. Yuhu has consistently denied its involvement in any purchase.
Shares in Wanda Hotel Development Co Ltd, which owns the projects, are in a trading halt.
The sale of the Australian projects comes after Wanda’s announcement last week that it had agreed to sell its interests in the high-profile London luxury development project, One Nine Elms, for 59 million pounds ($81 million).
The Chinese conglomerate Dalian Wanda Group advised last weekend its revenue dropped for a second consecutive year, by 10.8 percent in 2017.
It reported 227.4 billion yuan in revenue, while net profit remained flat compared with 2016, according to a statement posted on the company’s website. It did not reveal the profit figure. 
In middle of 2017, Wanda came under the scrutiny of China's banking regulator for posing "systemic risks" to domestic lenders with its overseas deals.
The Chinese authorities viewed some of its acquisitions as "irrational" and a method for moving capital out of the country.
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Wang Jianlin, chairman of Dalian Wanda Group claimed that only 7% of Wanda's assets were located overseas.
"Wanda Group will never have any default globally," Wang, a former soldier, said.
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j.ballantyne1990-6AQqhLzZaK

Gold Coast Jewel and Sydney's One Circular Quay development sold by Wanda

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The four levels of shops and restaurants at the base of the luxury apartment project Opera Residences, overlooking Circular Quay, have been sold off the plan for more than $40 million to a private Sydney family.
The off-the-plan deal for 980 square metres of prime retail space at 71 Macquarie Street was struck on a sub-4 per cent yield. It was listed back in October.
The retail space has already been pre-committed to high-end fashion brands, including a two chefs' hat-restaurant and an international restaurant chain.
There is an 19-level tower being developed by Chinese developer Macrolink in partnership with Kevin Li's Landream.
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Opera Residences set a new Australia apartment record last year when the penthouse sold for $27 million to Robert Salteri and his wife Kelly.  
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<div>
Demolition of the former 1960s Coca-Cola Amatil office building is almost complete with Opera Residences due for completion in 2020.
Opera Retail was marketed by Knight Frank, JLL and Belle Property Commercial.
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$40 million OTP retail sale at Opera Residences 

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AMP Capital remains in ongoing discussions with Lendlease and Multiplex over the tender for construction of its Quay Quarter Tower.
Lendlease has quoted at $70 million over budget, according to the AFR's Street Talk column.
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<div>AMP Capital still has an aim of getting construction underway next year, it added.</div>
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Tenants in the existing building are due out this Friday.
The 49-storey office building at 50 Bridge Street will be rebuilt as Quay Quarter Tower.
The $1 billion tower, designed by Danish firm 3XN, is due to open in 2020.
The chief operating officer of real estate at AMP Capital, Louise Mason, has previously said revitalising the precinct was paramount to Sydney’s future as a global city.
“Quay Quarter Sydney provides an opportunity to reimagine the urban landscape of Circular Quay,” she said.
The Quay Quarter Sydney precinct will span two inner city blocks over a site area of around 11,000 square metres and incorporates a mix of commercial, retail and luxury residential.
50 Bridge Street is jointly owned by investors in the AMP Capital Diversified Property Fund (ADPF) and the AMP Capital Wholesale Office Fund (AWOF).
Street Talk noted super fund giant REST was the frontrunner to take out the stake in the redevelopment of 50 Bridge Street.
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AMP Capital still seeking construction tender for Quay Quarter Tower

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Lendlease has lodged approval for a new precinct and office tower on George and Pitt street in the heart of Circular Quay.
The development application proposes a 55-storey premium grade office tower, Circular Quay Tower, with a mixed-use podium, retail-lined laneways and a new hospitality offering at Jacksons on George.
The proposal offers a range of public benefits with more than 45 per cent of the precinct dedicated to community infrastructure being delivered for the City of Sydney, including George Street Public Plaza, Rugby Place Public Plaza, a Public Cycle Facility, public art and a three-storey community building.
Mark Menhinnitt, managing director of urban regeneration, said the proposed design is a major win for Sydney as it looks to find new ways to reinvent spaces in the CBD.
“In collaboration with the City of Sydney and Foster + Partners, we have developed a scheme that opens the ground plane to create as much community infrastructure as possible,” he said.
“Circular Quay has long been a renowned attraction in Sydney. Our ambition for this project is to create a place that workers, visitors and the surrounding community love.
"We want to create a place that people are drawn to – from retail-lined laneways and public plazas to a landmark tower worthy of its prime location.”
World leading architect firm Foster + Partners was chosen to progress the design of the tower which could become Sydney’s tallest office building with 55 storeys and a height of up to 263 metres, with its architectural roof feature.
<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/2017/11/30/CQT.jpg" alt="">
Gerard Evenden, senior executive partner at Foster + Partners, said they had considered everything in the design – from the tower’s scale and floorplates to the amenities and technology – to provide flexibility, connection and wellbeing for tenants’ workers.
“With many levels boasting spectacular views of Sydney’s landmarks, the tower will encompass functionally flexible open space floorplates that enjoy north facing workspaces,” said Mr Evenden.
The company’s sustainable approach to architecture aligns closely with Lendlease’s sustainability principles, with the entire precinct targeting 6 Star Green Star certification and a 5 Star NABERS Energy rating.
The development application, which is subject to approval by the Central Sydney Planning Committee, is now on public exhibition. Consent has been granted for the demolition development application for the site. Early works are underway with demolition expected to start soon.
In December 2016, Lendlease confirmed Ping An Real Estate and Mitsubishi Estate Asia as development partners.
 
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Lendlease lodges application for new Circular Quay office tower

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Sydney's Kazal family has sold Circular Quay retail space - leased to Management International Group and trading as Buckley's Craft Beer Bar - for $21.5 million.
It reflected a tight net yield of 4 per cent.
The new owners of Shop 18A Opera Quays, 7 Macquarie Street plan to hold the high-performing asset for the long term.
The 408 square metre strata-titled property has 256 square metres of lower ground promenade space as well as 137 square metres in mezzanine space which features a fully operational commercial kitchen, walk-in cold storage and private staff meeting rooms.
The restaurant with a hotelier's licence can hold 500 patrons. A lease with options is in place until 2024.
There are 18 other similar lots on the high-profile promenade, which leads to the Sydney Opera House.
"Buckley's Bar is strategically located with a large outdoor seating component with direct water views, with these features making this retail strip one of the most tightly held precincts in the Sydney CBD," selling agent Cushman &amp; Wakefield's Anthony Bray told Fairfax Media.
It follows another Circular Quay asset sold earlier this year when the 131 square metre Shop 12 at 1 Macquarie Street sold for $10.2 million in an off-market sale, at a net yield of 3.15 per cent.
Mr Bray brokered the sale with colleague Ryan Cross.
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Sydney's Kazal family sell Circular Quay retail space

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Lendlease has chosen architect firms, Foster + Partners to design the, Circular Quay Tower at 180 George Street, Circular Quay.
The roof structure is set to be 263m high and will feature a network of pedestrian laneways that criss-cross the site at different levels to connect the precinct. 
Mark Menhinnitt, Managing Director, Urban Regeneration, said Lendlease was impressed by Foster + Partners’ refined scheme that recognised the need for strong integration and activation of the ground plane, while ensuring the tower is a spectacular landmark worthy of its iconic location.
“Circular Quay Tower, to be located on a new internationally recognised address, will provide a dynamic workplace and environment for Sydney’s future generation of office occupiers,"
“Fronting the reinvigorated city spine of George Street with two new plazas, workers and visitors will be welcomed to an abundance of retail, dining and entertainment, and arts and culture."
Gerard Evenden, senior executive partner of Foster + Partners, said he wanted Circular Quay Tower and its surroundings to be of its place, taking advantage of its topography and unique location – a stone’s throw from Sydney Harbour.
“The tower will be the centrepiece of an urban regeneration precinct that will reshape the northern end of the CBD into a vibrant community contributing to Sydney’s status as a global city,” he said.
Local architectural firm, Stewart Hollenstein, has been selected to remodel the Jacksons on George site that promises to be an exciting transformation of the much- loved Sydney institution.
Lendlease held the design competitions following Council’s endorsement of Lendlease’s revised planning proposal and accompanying Voluntary Planning Agreement (VPA) in July 2016.
In December 2016, Lendlease confirmed Ping An Real Estate and Mitsubishi Estate Asia as development partners.
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Architects Foster + Partners to design Lendlease's new centrepiece at Circular Quay

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An apartment in the new Circular Quay development Loftus Lane has sold for $17 million.
Despite the apartments not officially launching until tomorrow, one locally well-heeled buyer has snuck in to pay around $57,000 per sqm for the 296 sqm apartment offering.
It falls short of the $96,400 per sqm paid for the $27 million record breaking apartment sale in the Opera Residences last year.
That was reputedly bought by businessman and philanthropist Robert Salteri and his wife Kelly.
The Loftus Lane two storey unit on level 12 of the low-rise building has three bedrooms and sits in one of the three residential buildings developed by AMP Capital.
Completion of the buildings is slated for 2021 as part of the AMP Capital developed project to upgrade Circular Quay.
Some potential buyers have been underwhelmed by Loftus Lane, which comprises 106 apartments in three low-rise buildings.
 
 
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Loftus Lane apartment sells for $17 million

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Beijing-based conglomerate Wanda will launch its flagship $1 billion project in Sydney’s Circular Quay amid expectations its luxury penthouses could sell for more than $60 million, setting a new price record.
Dignitaries and politicians will attend the Museum of Contemporary Art for the official launch tonight of the 57-storey tower.
Wanda’s project proposal for the Circular Quay project received the City of Sydney Council approval in 2015.
The project proposal was for a 57-storey 184-apartment residential tower and a 179-room hotel at the 4040 sqm site bounded by 1 Alfred Street, 19-31 Pitt Street and 31A Pitt Street, Property Observer had reported.
The apartments are expected to be multi-million-dollar offerings from 50 sqm studios to four penthouses of 600 sqm.
The $60 million penthouse pricing was mentioned in the report in The Australian.
Managing director of CBRE residential David Milton said the development was in an “absolutely unbeatable position”. “This will set a new benchmark for location, quality and, yes, price,” he was cited by The Australian as saying.
The Australian record per square metre is understood to be $97,000, with a final price of $27 million, for the Opera Residences at 71 Macquarie Street at Bennelong Point.
The development on the 4,000 sqm site of Gold Fields House, purchased by the conglomerate in 2015 for $415 million, will also include a five-star hotel expected to be operated under the Wanda Vista brand.
 
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With $60 million penthouse hopes, Chinese developer Wanda launches $1 billion Circular Quay development

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AMP Capital has submitted a development application for the makeover of Sydney’s first skyscraper, 33 Alfred Street — which it owns — overlooking Circular Quay. 
On the table are a major fit out and upgrade of the 55-year-old building while preserving its heritage character. It is a 26 storey A-grade office tower.
The building has local heritage listing and the upgrade aims to reinstate lost features while refurbishing internal spaces and improving the environmental performance of the building to bring it in line with premium commercial office standards, AMP said in a media release.
The application came after two years of talks with the City of Sydney and the state government, AMP said. Once approvals are in place, construction is expected to start in 2020. 
AMP Capital’s chief operating officer, Real Estate, Louise Mason said the work “will breathe new life into this office tower whilst paying tribute to its history, heritage and place at Sydney’s global gateway”.  
“The building’s unique place in history and its distinctive design make 33 Alfred Street an important part of Sydney’s and Australia’s cityscapes. Along with being Australia’s first skyscraper, the building was cutting edge in its time, incorporating many other ‘firsts’ and innovations in its design. The proposed redevelopment will restore the building to its rightful status as a premium-grade office tower in keeping with this history, and its prominent place at Circular Quay,” she said.
The upgrade involves improving the building’s façades, increased activation of the street level frontages and an upgrade of the building’s services and interior. 
AMP Capital has appointed architect JPW for the project. 
AMP Capital Diversified Property Fund and the AMP Capital Wholesale Office Fund announced in December 2016 they had jointly acquired 33 Alfred Street on behalf of their investors for an undisclosed amount. Owned by AMP Life, 33 Alfred Street is AMP Limited’s headquarters. 
“33 Alfred Street was developed by AMP 55 years ago.  We are committed to leading the way and ensuring the project is an exemplar of sensitive and sustainable renewal.” 
She said AMP is not going to fundamentally alter its structure or create any additional floor space. It will be a interior refurbishment and upgrade of the building’s services, including a complete modernisation of the tower façade.
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AMP proposes ‘golden’ facelift for Sydney's oldest skyscraper 

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Australian architecture firm Crone and Kengo Kuma &amp; Associates (KKAA) have jointly won an international design competition for a five-star Wanda Vista Hotel in Sydney’s Circular Quay. 
The 110 metre, 25-storey hotel is part of Dalian Wanda’s $1 billion makeover of Gold Fields House at 1 Alfred Street. Construction of the hotel will commence in 2017 with completion expected in 2020. 
The architecture firms’ winning design features an elegant tower that slowly pixelates, breaking down the scale of the building and making it more human-scale at the lower levels, according to the media release. 
The competition brief called for a design that best demonstrated the ability to deliver a world-class hotel and achieve design excellence in accordance with the City of Sydney Competitive Design Policy.
Alongside the hotel will be a 57-storey luxury residential tower designed by Kerry Hill Architects.
The hotel’s design also complements the adjacent residential tower, using harmonious use of sandstone, cascading green walls and large windows framing views towards the harbour, the release said.  
CRONE design director Sandra Furtado, who led the design team in Sydney, said, “We are extremely proud to be involved with Wanda’s ambitious reimagining of this prominent site in Sydney, working alongside our colleagues in Japan. 
“Located on the ‘dress circle’ of Circular Quay, our design aspirations for the Wanda Vista hotel required the crafting of a building with a distinct identity, while being mindful of site constraints, the client’s ambition, as well as the City of Sydney’s plans for the surrounding Alfred-Pitt-Dalley-George (APDG) precinct.”
The Japan-based half of the design team was led by Kengo Kuma.
The 5 Star features include a lobby which extends visually onto Herald Square, a 300-person grand ballroom with views of Sydney Harbour, two levels of restaurants as well as a rooftop bar.  
John Wei, MD of Wanda One Sydney said, “Together, CRONE and KKAA have fulfilled the brief to create a world-class hotel that together with our residential, retail and public realm elements will create a destination address and enhance this important city precinct. CRONE and KKAA will be appointed as the Lead Design Architect until completion of the Wanda Hotel.”
Chinese developer Dalian Wanda Group’s assets at the end of 2015 were at 634 billion yuan with revenue of 290.16 billion yuan.
Apart from the views, the Wanda Vista hotel will have easy access to the Sydney Opera House and Harbour Bridge. 
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