<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

Gold Coast off the plan apartments

When designing its debut Gold Coast apartment development, developer Polycell tried to find a way to create a point of difference in what else was on offer in Broadbeach.

Their conclusion was to bring on not one, but two of Australia's most celebrated architects to design <a href="/new-apartments/the-rochester-broadbeach-143-surf-parade-broadbeach">The Rochester</a>, a sculptural 42-level tower in the heart of the <a href="/developments/broadbeach-qld-4218">booming suburb</a>.

[smartcode_project:default project_id=112276 project_image_fid=211183]

BDA Architecture Director Darren Greenway said The Rochester has a really strong independent character.&nbsp;

“BDA’s philosophy is to create enduring architecture," Greenway said.

"The Rochester is different to other buildings in the Broadbeach precinct. Its unique form is more elegant and linear, with soft curves to the edges, that relate back to the more fluid parts of the beaches and the hinterland of the Gold Coast.

“Having a really simple floorplate, with elegant slight curves to the balconies, very horizontal lines, and vertical contrasting elements, makes it more timeless in the architecture. When people are moving along the esplanade, or up Surf Parade, they’ll see this clean, timeless line."

[smartcode_project:default project_id=112276 project_image_fid=211186]

BDA Associate Patrik Pelikan said the overall experience of The Rochester has been none of trying to achieve excellence; almost like a club, that once you are part of it, it elevates you.

“Every apartment is orientated and crafted to its location within the building. We wanted to create an upmarket coastal feel, more refined and elegant through the detailing of the interior palette. So, we used high-end materials, in coastal tones – the whites, the creams, the sands, the timber. It’s about a series of little details and moments," Pelikan said.&nbsp;

“The entertainer’s kitchens are specifically designed for each unit, and they flow into the living room areas. The balconies have been meticulously crafted to provide beautiful views, but at the same time give you privacy.”

[smartcode_project:default project_id=112276 project_image_fid=211193]

The Rochester, now over 80 per cent sold, has 182 two and three-bedroom apartments across a 42-level tower at 143 Surf Parade.

Construction is underway, with completion slated for late 2027.

[smartcode_project_cta:default project_id=112276]

BDA Architecture Director Darren Greenway said The Rochester has a really strong independent character

"It’s about a series of little details and moments": How The Rochester Broadbeach apartment development was designed

Since the pandemic hit Australia, there's arguably not been a suburb in Australia that's been more in vogue than <a href="/developments/palm-beach-qld-4221">Palm Beach</a>&nbsp;on the <a href="/developments/gold-coast-qld">Gold Coast</a>.

Data from Apartments.com.au's new data product, <a href="https://industry.urban.com.au/data-insights">MatterFact</a>, showed that from 2020 to 2021, enquiry spiked 130 per cent, driven by local and interstate purchasers snapping up luxury beachfront apartments.

Enquiry levels returned to early pandemic levels in 2022, namely due to the fact several developments sold out quicktime, but the appetite to live in the coastal enclave did not abate, with search traffic to Palm Beach staying consistent. There was simply much more demand than there was supply.

Josh Foote's <a href="/developers/ignite-projects">Ignite Projects</a> took just eight weeks to sell all 34 apartments at <a href="/buildings/cabana-1-nineteenth-avenue-palm-beach">Cabana Palm Beach</a>, where sale prices ranged from $1,775,000 to just over $5.5 million.

It was the same story with developer&nbsp;<a href="/developers/pask-group">Pask</a>. Launching during the pandemic, they sold out <a href="/new-apartments/esplanade-474-the-esplanade-palm-beach">The Esplanade</a>, named after its position on the dress circle street that runs down to Burleigh Heads. The 15 apartments on the beachfront sold between $3.2 million and over $7.1 million.

<a data-entity-type="file" data-entity-uuid="9d768898-933c-4167-8f8e-ae6c40dc09d8" href="/new-apartments/gold-coast-qld"><img alt="Palm Beach" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-25%20at%208.29.12%E2%80%AFAM_1.png?VersionId=mccK9ZKObftFJ.fHdFNSBFkGpLRuIqjt" /></a>

One of the main reasons southern dwellers descened on Palm Beach was how much it flew under the radar. The quiet neighbour of Burleigh Heads, Palm Beach had been void of new developments until the demand spurred by the pandemic to live on the Gold Coast became aparent, those from the southern states in particular had a narrow brief; Gold Coast, and as close to the beach as possible.

Palm Beach has been one of the most active suburbs for development site sales.

Since the start of 2021, around 25 per cent of total sales by site amalgamation and sales specialists GV Property Group has been in Palm Beach, only second to Broadbeach.

After the boom that saw the likes of Cabana, Esplanade, <a href="/buildings/the-tally-14-twenty-eighth-avenue-palm-beach">The Tally</a> and Hirsch &amp; Faigen's <a href="/buildings/hemingway-1267-1273-gold-coast-highway-palm-beach">Hemingway development</a> sell out, the suburb remained in hot demand, but supply wasn't there to match it. When a project like <a href="/new-apartments/seaclusion-202-4-twenty-first-avenue-palm-beach">Seaclusion</a>, 40 one two and three-bedroom units on Twenty First Avenue entered the market, the majority of apartments were snapped up within a month.

It wasn't until earlier this year that the tap was turned back on. Prominent Gold Coast developer Sherpa brought to the market Perspective Nexus, 35 apartments at&nbsp;949 Gold Coast Highway&nbsp;that have race to 75 per cent sold, while fellow renowned local developer&nbsp;<a href="/developers/marquee">Marquee Development Partners</a>&nbsp;launched <a href="/new-apartments/la-belle-palm-beach-332-the-esplanade-palm-beach">La Belle Palm Beach</a> to similar fanfare. Over 80 per cent of the 75 apartments on offer were snapped up, making La Belle the fastest selling project on the Gold Coast in 2024.

l[smartcode_project:default project_id=102340 project_image_fid=273591]

The apartment pipeline for Palm Beach looks strong, as demand will be somewhat to be satisifed by the number of developments waiting to hit the market.

<a href="/developers/sherpa-property-group">Sherpa</a> is soon to launch <a href="/new-apartments/flourish-on-sixth-ave-6-12-sixth-avenue-palm-beach">Flourish on Sixth</a>, the first development of its Flourish brand that caters for a wider range of buyers with a diverse mix of 94 one, two and three-bedroom apartments.

Tim Gordon's <a href="/developers/gordon-corp">Gordon Corp</a>, in another joint venture with the Mathieson hospitality family, is <a href="/news/qld/first-look-exclusive-gordon-corp-team-up-again-with-mathieson-family-and-join-booming-palm-beach-off-the-plan-apartment-market">teaming up again</a> to create a development that is also expecting to attract several buyer camps.

"We have been very deliberate in not pushing scale, or density,” Gordon Corp Sales and Marketing Director Lara Dimond&nbsp;said.

<img alt="Gordon" data-entity-type="file" data-entity-uuid="dd3cdd67-3fd3-4a20-99ee-0f3ecc8f05ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-11%20at%204.00.35%E2%80%AFPM.png?VersionId=FbMiVo04utsBy2vtccUAPAcV1oaYoy0x" />

The building, designed by&nbsp;<a href="/architects/cottee-parker-architects" target="">Cottee Parker</a>, comprises 47 two and three-bedroom apartments across a nine-level building at&nbsp;<a href="/new-apartments/62-64-jefferson-lane-palm-beach">62-64 Jefferson Lane</a>, just one row back from the beach.

The apartments start from 115 sqm and range in size to 275 sqm. Private resident amenities have been incorporated on the ground floor. There will be a 15m lap pool with day beds and cabanas, a wellness centre with cold plunge and a hot spa, as well as a sauna and steam room. The wellness centre will also feature a&nbsp;state-of-the-art gym.

One of the most recent submissions is for one of Palm Beach's largest developments to date.

B.K.A Holdings Pty Ltd, a company directed by solicitor David Ingwersen, has <a href="/news/qld/first-look-exclusive-palm-beach-apartment-pipeline-ramps-up-another-notch">proposed two 13-level towers</a> on an&nbsp;amalgamated six-lot, 2,472 sqm site at 1395-1405 Gold Coast Highway and 436-438 The Esplanade, which would home 98 two, three and four-bedroom apartments.

<img alt="palm beach" data-entity-type="file" data-entity-uuid="2aa0460c-45d1-4701-be63-f552f638010c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-11%20at%204.04.09%E2%80%AFPM.png?VersionId=n1l3tknhztnAOGO.h8yDcYs303hezxyt" />

The West Tower will have the bulk of the apartments (72), with six units per floor, while the East Tower will have just 25 three-bedroom apartments, each with a multi-purpose room, and a sole four-bedroom penthouse.

There will be two small hospitality venues on the ground floor of the buildings. The more dense buildings will have greater amenity, in the form of a ground level swimming pool and a wellness centre with a gym, steam room, and sauna, while the more boutique building will have the same facilities, just without the gym.

Demand from both developers and buyers is expected to see Palm Beach continually be one of the most popular suburbs on the Gold Coast for the foreseeable. Over the last four quarters, Palm Beach has been the most searched Gold Coast suburb on Apartments.com.au.

Over the last four quarters, Palm Beach has been the most searched Gold Coast suburb on Urban.com.au.

Palm Beach: The most indemand off the plan apartment market on the Gold Coast

Designed for over 4500 residents, providing much-needed housing in the region, the $1.5-billion masterplan by <a href="/developers/lewis-land-group">Lewis Land Group</a>, Harbour Shores, is set to rise on one of the last large-scale greenfield waterfront development sites on the <a href="/new-apartments/gold-coast-qld">Gold Coast</a>.

<a href="/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters">Harbour Shores</a> is located along Oxley Drive in Biggera Waters, in between Biggera Creek and the Harbour Town Premium Outlets shopping mall developed by Lewis Land in 1999.

[smartcode_project:default project_id=113271 project_image_fid=247080]

Traditionally settled by retirees, <a href="/developments/biggera-waters-qld-4216">Biggera Waters</a> has seen a recent surge in younger buyers attracted to the retail and dining hub with the development of the shopping centre.&nbsp;

Biggera Waters offers residents a quiet lifestyle, minutes from the <a href="/new-apartments/broadwater-qld-4380">Broadwater</a> yet still in proximity to major shopping centres and natural attractions, and only ten minutes from the CBD during peak hour traffic. The suburb also boasts excellent restaurants, cafes, specialty stores, parklands, and proximity to boat ramps and waterways.

A quick coffee and breakfast are available at The Coffee Club in Harbour Town Premium Outlets shopping mall across the road, while lunch and dinner options range from Japanese at Ichi Ban Ya, Chinese at 8 Street, to Nonna's Italian.

After a satisfying meal, residents can stroll around the mall and shop for everything from designer fashion and accessories to&nbsp;homewares and electronics. There is also the Reading Cinemas for a date or family night.

[smartcode_project:default project_id=113271 project_image_fid=247281]

For outdoor enthusiasts, there are numerous fishing spots in the vicinity, with the closest one just a five-minute drive away.

Additionally, there are large parks just less than one kilometre from Harbour Shores, such as Ngulli Bui Park and Cos Zantiotis Park, adjacent to Cooke Murphy Oval used by the NEAFL's Labrador Australian Football Club team as their home game base.

Meanwhile, a seven-minute drive north will take residents to Quota Park and the beachside Harley Park and Ian Dipple Lagoon towards the south.

[smartcode_project:default project_id=113271 project_image_fid=247280]

Families in Harbour Shores will enjoy convenient access not only to parks and playgrounds but also to several education facilities located in Biggera Waters and nearby suburbs. Biggera Waters State School, Arundel Early Intervention Centre, Coombabah State High School, and Labrador State School are all situated within just one kilometre of Harbour Shores.

The Harbour Shores' master plan revolves around 1.5 kilometres of canal frontage, linked to private marina berths, providing direct boat access to the Broadwater and beyond. Residents can access this via the public boardwalk and extensive parklands.

Lewis Land CEO Matthew McCarron anticipates the project generating up to 5,000 jobs over its development lifespan.

[smartcode_project_cta:default project_id=113271]

From bare to burgeoning: How Lewis Land has overseen the transformation of Biggera Waters

Is now the best time to purchase an off the plan apartment?

Recent data released from CBRE suggests new apartments are set to get more expensive, with CBRE forecasting prices could jump by as much as 20 per cent by the end of 2026.

CBRE is forecasting build prices are forecast to grow 23 per cent by 2026, as supply tightens to around 45 per cent below pre-pandemic completion rates over the next five years.

CBRE’s Pacific Head of Research Sameer Chopra said newly built apartments are commanding a premium price compared to older stock.&nbsp;

“These premiums are justified by changing consumer expectations around amenities, like building security, lift access, flooring to rooftop gardens and gyms, which typically come with newer builds,” Chopra said.

New one-bedroom apartments are delivering a 16 per cent premium compared to older apartments, new two-bedroom apartments are at a 30 per cent premium, and it’s 45 per cent increase for newly built three-bedroom apartments.&nbsp;

Urban.com.au CEO, Mike Bird, says we are seeing the gap between off the plan and established units continue to grow.

"Historically there hasn't been much backwards movement in the cost structure that drives new apartment pricing, so that suggests the only way the market can unlock the supply is by the price of established growing through increase lending capacity driven by the upcoming rate cut cycle."

<img alt="Premium for new build apartments" data-entity-type="file" data-entity-uuid="65399013-dea0-4b8c-b2a3-180126e3701d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Chart%20-%20premium%20for%20new%20built%20apartments.jpg?VersionId=6oTGh4Z4BAskXgYCJa1jRWZ7_Zu1ip64" />

The report forecasts rents will grow by 25 per cent ($170 per week) between 2024 and 2029 across 59 suburbs in Australian capital cities. By 2029 it’s predicted the rent for a two-bedroom apartment will exceed $600 per week across 90 per cent of precincts.

<h2>The Supply Factor</h2>

CBRE’s Apartment Vacancy and Rent Outlook 2H 2024 estimates over the next 10 years, demand for housing is expected to benefit from a combination of population growth (+3.9 million), employment growth (+2.6 million) and rising income (+$36,000).

In terms of supply, delivery of new apartments is expected to be around 50,000 per year from 2025 to 2029, but population growth is expected to require an apartment supply of approximately 75,000 per year to avoid further falls in vacancy.&nbsp;

In Sydney, apartment delivery is expected to average 12,100 per year from 2025 to 2029, well below the 30,000 average demand for housing stock per year. In the next three years, city-wide vacancy is expected to fall from 2.2 per cent to 1.5 per cent.

Apartment delivery in Melbourne is expected to average 8,700 per annum over 2025-2029, nearly 35 per cent below Sydney, however demand for housing stock is likely to average 37,000 per year over the next five years. The supply and demand inbalance should continue to drive down city-wide vacancy rates from 1.8 per cent to 1.4 per cent, CBRE suggests.

Brisbane's demand for housing stock is likely to average 18,000 per year, but apartment delivery is only expected to be 4,200 per year which should drive vacancy rates from 1.5 per cent to 0.9 per cent.

<h2>The Demand Factor</h2>

CBRE's Q3 2024 Residential Valuer Insights revealed that 43 per cent expect apartment value growth over the next 12 months, with the highest conviction in Perth and Brisbane metro.

<img alt="Demand" data-entity-type="file" data-entity-uuid="87b363ed-083e-468e-968b-5970e70a9fb4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-10%20at%209.51.23%E2%80%AFAM.png?VersionId=RUJC0rPMEnFYZ2U7USz83Uh.6k9hqAPq" />

CBRE's forecast suggest 60 per cent of new supply purchases will be from owner-occupiers. Over the past 25 years, the demographic has comprised 64 per cent of all purchases.

They say that of the investor market, they see a growing share moving across to institutional build-to-rent sector, which will comprises around 22 per cent of new apartment supply, or 11,000 per year, by 2029.

Urban.com.au CEO, Mike Bird, says we are seeing the gap between off the plan and established units continue to grow, but a the rate cut cycle will change that


New apartment prices could jump 20 per cent by 2026 as supply forecasts tighten - is now the time to invest off the plan?

Victoria &amp; Albert, the new two-tower apartment development currently under construction in the heart of <a href="/developments/broadbeach-qld-4218">Broadbeach</a>, can wear many different hats when it comes to the type of buyer it is attracting.

The two towers by Sam Arnaout's <a href="/developers/iris-capital">Iris Capital</a>, home to just over 400 apartments, have been cleverly designed to offer something for every type of buyer, be it an investor, holiday-maker, or downsizer.

[smartcode_project:default project_id=107928 project_image_fid=234100]

The Victoria tower, the tallest of the two towers at 64 levels, has been configured to offer more affordable options, more suited to investors and first home buyers.

The neighbouring Albert tower, rising 40 levels on the eastern side of the large 5,463 sqm site, complements the lifestyle of a downsizer, whether they be local from the Gold Coast, Brisbane, or retirees from Sydney or Melbourne wanting to embrace the Gold Coast lifestyle that has been so well documented since the onset of the pandemic.

The apartments in Albert, generally larger than those in Victoria, start from $1.8 million.

[smartcode_project:default project_id=107928 project_image_fid=234153]

Apartments.com.au data shows an even split of investors and next home buyers since&nbsp;the project launched to much fan-fare in late 2021.

Over the last three years, there's been equal demand from the two camps, but more recently, next home buyers have shown the most interest as the more typical investor-friendly stock was snapped up. All of the one-bed apartments were reserved by mid-2023.

Investors are still showing keen interest however in the two-bedroom apartments that start from $1,235,000.

It's the two-bedroom apartments that have been the most popular on Apartments.com.au, followed by the large 161 sqm three-bedroom units that come with two car spaces.&nbsp;

[smartcode_project:default project_id=107928 project_image_fid=234103]

Current data shows there's still strong demand from New South Wales, with traffic from Queensland's southern neighbour accounting for around a third of total listing views.

Residents in both <a href="/new-apartments/victoria-albert-broadbeach-20-albert-avenue-broadbeach">Victoria &amp; Albert</a> towers will have access to significant shared amenity, including but not limited to a&nbsp;subtropical recreational podium on level four, home to a 25-metre lap pool, a fully equipped gym, a yoga deck and a resident’s lounge. The podium will also feature a children’s area, a Zen garden, and an outdoor dining and barbecue area set in extensive landscaping.

[smartcode_project:default project_id=107928 project_image_fid=234097]

Another major drawcard has been the proximity to the $200 million retail precinct, located in the podium and ground levels of the building. Residents will have direct access into the retail arcade which will offer a range of high-end dining and shopping options.&nbsp;

Earlier this year, Iris Capital brought construction in-house, announcing <a href="/builders/iris-built">Iris Built</a>. Construction is underway, and is slated for completion in 2027.

&nbsp;

[smartcode_project_cta:default project_id=107928]

Urban.com.au data shows an even split of investors and next home buyers since the project launched to much fan-fare in late 2021

Victoria & Albert's unique appeal to downsizers, holiday-makers and investors in the heart of Broadbeach

There’s no slowing down for new apartment development in <a href="/developments/palm-beach-qld-4221">Palm Beach</a>.

The in-demand southern <a href="/developments/gold-coast-qld">Gold Coast</a> suburb, which has arguably been one of the most popular areas in the country since the onset of the pandemic, is finally seeing supply that meets the continued heightened demand for new apartments.

The latest plans are from B.K.A Holdings Pty Ltd, a company directed by solicitor David Ingwersen.

B.K.A is planning two towers across the amalgamated six-lot, 2,472 sqm site at 1395-1405 Gold Coast Highway and 436-438 The Esplanade, located on the prized eastern side of the highway.

Several single-level commercial buildings, currently tenanted by BWS and Marie's Pizza, as well as a single-level beach shack on The Esplanade, will make way for what is being dubbed Est Palm Beach in the planning documentation.

The two 13-level buildings have been designed by architecture firm Plus and will home 98 two, three and four-bedroom apartments.

<img alt="Palm Beach" data-entity-type="file" data-entity-uuid="37475ec5-eb07-4b88-9dba-dcacc169a1e9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-30%20at%209.13.50%E2%80%AFPM.png?VersionId=JIuI9n27dWEK7gCerrANcQGZ.Tiw1Lbb" />

Plus wrote in their submission to the Gold Coast City Council that the proposed development&nbsp;is crafted by location and considered with design.

"Its close proximity to the beach and thriving community, together with quality building amenities, provides its residents the ultimate experience in lifestyle living," Plus, led locally by Danny Juric, wrote.

<img alt="Est Palm Beach" data-entity-type="file" data-entity-uuid="5d8b74ee-4ce6-419d-a11a-3db43fa21b81" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-30%20at%209.14.03%E2%80%AFPM.png?VersionId=aJxIQiVvePDU3gRzDTsYt9bw02EHe0uS" />

They noted the&nbsp;architecture is a seamless blend of form from east to west of site, that maximises opportunities and aspect.

"Views are focused toward the ocean, with functional screening elements proposed to enhance experience through play on shadow and privacy. Both towers are a blended curation of form and function."

The West Tower will have the bulk of the apartments (72), with six units per floor, while the East Tower will have just 25 three-bedroom apartments, each with a multi-purpose room, and a sole four-bedroom penthouse.

There will be two small hospitality venues on the ground floor of the buildings. The more dense buildings will have greater amenity, in the form of a ground level swimming pool and a wellness centre with a gym, steam room, and sauna, while the more boutique building will have the same facilities, just without the gym.

<img alt="Palm Beach" data-entity-type="file" data-entity-uuid="7fbcf764-644c-4f57-a59c-01fe99ddeaf7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-30%20at%209.14.11%E2%80%AFPM.png?VersionId=OY6Kx6rtF9PdEQjD4GVZGslea8KtyFYe" />

The Planning Report by Zone Planning suggested the proposed development has been thoughtfully designed to allow for both towers to predominately operate independently, sharing only access, on-site circulation, waste management, and infrastructure connections.

"The two towers have been designed in consideration of each other and the broader community, maintaining important view corridors towards the ocean and hinterland, as well as along the Gold Coast Highway corridor," Zone noted.

"Each of the units include a generous provision of private open space which capitalises on views towards the coastline and hinterland, maximising outlook through the considered aspect of the buildings.

Zone said the proposal will provide 98 additional dwellings in a location that is well-located to accommodate an increase in residential density.

"The proposed units vary in their size and typology – contributing to housing supply and diversity."

The development is seeking to trigger the 50 per cent building uplift provision in the City Plan, exceeding the designated 29m height limit in place.

<img alt="Palm Beach" data-entity-type="file" data-entity-uuid="fe4169e3-d0a3-48cd-9dfc-4f5680f674d1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-30%20at%209.14.18%E2%80%AFPM.png?VersionId=CJfWYh4kkDXq3JkA4W.SgebjFPMpCta9" />

Palm Beach is going through another wave of new apartment developments.

The Palm Beach boom has slowed somewhat since the influx of buyers into the off the plan apartment market in 2021 and 2022, largely due to a lack of new apartment developments in the area.

But in the last six months or so, developers have put their foot down once more, snapping up sites and quickly getting their ducks in a row to launch as soon as realistic.

<a href="/developers/gordon-corp">Gordon Corp</a> and the hospitality Mathieson family, the joint venture partners behind luxury Main Beach development&nbsp;Mantaray Marina and Residences on The Spit, are <a href="/news/qld/first-look-exclusive-gordon-corp-team-up-again-with-mathieson-family-and-join-booming-palm-beach-off-the-plan-apartment-market">teaming up again</a>, recently proposing a code-assessable, nine-level building on Jefferson Lane.

<img alt="Gordon Corp" data-entity-type="file" data-entity-uuid="c86aa8d3-8265-43a2-991e-f92771f9c0ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-30%20at%209.32.08%E2%80%AFPM.png?VersionId=8clFpd8JekMBr7CeNcXy4gfmP8yYj.t." />

The building, a block from the beach designed by&nbsp;<a href="/architects/cottee-parker-architects" target="">Cottee Parker</a>, will have 47 two and three-bedroom apartments.

Read more:&nbsp;<a href="/news/qld/first-look-exclusive-gordon-corp-team-up-again-with-mathieson-family-and-join-booming-palm-beach-off-the-plan-apartment-market">First look exclusive: Gordon Corp team up again with Mathieson family and join booming Palm Beach off the plan apartment market</a>

<a href="/developers/sherpa-property-group" target="">Sherpa Property Group</a>&nbsp;is also continuing to double down on the&nbsp;<a href="/developments/palm-beach-qld-4221">Palm Beach</a>&nbsp;apartment market. They've revealed their newest brand, Flourish, a collection of apartments that will target a diverse buyer mix, not just high-end downsizers.

The new development, <a href="/new-apartments/flourish-on-sixth-ave-6-12-sixth-avenue-palm-beach">Flourish on Sixth</a>, will have 94 one, two and three-bedroom apartments, which are expected to be popular among first home buyers.

The Palm Beach boom has slowed somewhat since the influx of buyers into the off the plan apartment market in 2021 and 2022, largely due to a lack of new apartment developments in the area.



First look exclusive: Palm Beach apartment pipeline ramps up another notch

Gold Coast units have experienced robust growth throughout 2024.

According to the latest data from property analytics firm CoreLogic, unit values in the <a href="/developments/gold-coast-qld">Gold Coast</a> increased by 0.6 percent in September, marking a 1.5 percent rise for the quarter.

The median unit price, which surpassed $800,000 last month, has now reached over $807,000—an increase of 12.3 percent since the beginning of the year.

In fact, this growth has outpaced that of houses, which have shown a slight decline of 0.1 percent in September, despite being up 12.1 percent for the year.

September was particularly active in the off the plan apartment market, with notable activity coming from <a href="/developments/main-beach-qld-4217">Main Beach</a> and <a href="/developments/palm-beach-qld-4221">Palm Beach</a>.

<a data-entity-type="file" data-entity-uuid="be5cc347-5ebf-4d4d-a603-7f769470fe19" href="/developments/gold-coast-qld"><img alt="Gold Coast" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-25%20at%208.29.12%E2%80%AFAM_0.png?VersionId=2RV7fM4gX4d0aHsjm0AXOTgzElpifY.a" /></a>

&nbsp;

<h2>What happened in Gold Coast’s off the plan apartment market in September</h2>

There was a mix of new apartment supply in Main Beach in September, as well as supply to come.

Builder developer Alroe Construction launched <a href="/new-apartments/lune-main-beach-19-21-rankin-parade-main-beach-qld-4217">Lune Main Beach</a>, a boutique block of six villa-style apartments across the road from Broadwater.

[smartcode_project:default project_id=146373 project_image_fid=297482]

Located on the corner of Rankin Parade and Peak Avenue, Lune offers just half-floor apartments, each spanning nearly 300 sqm of indoor and outdoor living space.&nbsp;

Alroe has already started construction at Lune, which will welcome its buyers in mid-2025.

Read more:&nbsp;<a href="/news/qld/alroe-reveals-luxury-main-beach-apartment-development-lune">Alroe reveals luxury Main Beach apartment development, Lune</a>

[smartcode_project:default project_id=146373 project_image_fid=297485]

There's some more density planned for Main Beach, with boutique developer Arena Property Group proposing a 28-level tower with 70 apartments.

<a href="/architects/plus-architecture" target="">Plus Architecture</a>&nbsp;has designed the tower, named Belle Vie—French for "beautiful life"—to feature two distinct sections, separated by an amenities level on the 18th floor. This facilities level includes a residents' lounge with a games area, a library, and various lounge spaces.

<img alt="Belle Vie" data-entity-type="file" data-entity-uuid="a3a55792-3828-49c3-8d53-cd93bd3079e4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-30%20at%207.44.30%E2%80%AFPM.png?VersionId=a_mjjMeppAzWKs1JpKwpHz6Un3x.uFOj" />

Adjacent to the lounge, is a wine cellar, a private dining room, and an outdoor sunset dining area. This level also offers a dedicated work-from-home space with a boardroom, as well as a 91 sqm gym that includes a Pilates studio, a sunrise yoga deck, and a functional training room.

Read more:&nbsp;<a href="/news/qld/first-look-exclusive-arena-property-seeks-first-high-rise-tower-with-bella-vie-main-beach-apartment-plans">First look exclusive: Arena Property seeks first high-rise tower with Bella Vie, Main Beach apartment plans</a>

There were two big proposals in Palm Beach in September.

Mantaray Marina and Residences developers Gordon Corp and the hospitality Mathieson family are teaming up again, proposing a nine-level building on Jefferson Lane.

The building, a block from the beach designed by Cottee Parker, will have 47 two and three-bedroom apartments.

Sherpa Property Group is also continuing to double down on the Palm Beach apartment market. They've revealed their newest brand, Flourish, a collection of apartments that will target a diverse buyer mix, not just high-end downsizers.

The new development, Flourish on Sixth, will have 94 one, two and three-bedroom apartments, which are expected to be popular among first home buyers.

[smartcode_project:default project_id=146527 project_image_fid=296026]

The biggest proposal in September however came from the heart of the Gold Coast.

Local developer <a href="/developers/andrews">Andrews Projects</a> revealed it was the buyer of the well-known <a href="/new-apartments/south-beach-surfers-paradise-3006-surfers-paradise-boulevard-surfers-paradise">Orion Towers site</a>. One of the towers was approved at over 100 levels, which would have made it one of the tallest towers in the southern hemisphere.

Andrews however has pared back the plans for 1,100 apartments, instead opting for two 37-level towers with just under 400 apartments.

Read more:&nbsp;<a href="/news/qld/first-look-exclusive-andrews-projects-reveal-400-apartment-two-tower-development-in-surfers-paradise">First look exclusive: Andrews Projects reveal 400 apartment, two-tower development in Surfers Paradise</a>

<img alt="Andrews" data-entity-type="file" data-entity-uuid="ce6fd834-f6da-461f-95b0-f111ba7a63bc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-30%20at%2011.34.33%E2%80%AFAM.png?VersionId=eagz_WYz.LuepsFkf06BdZTP4pEsThDt" />

In September, we spoke to three different off the plan buyers, to understand their buyer journey and what they bought.

Two of the buyers were downsizers, one from Brisbane and one from the Gold Coast, and the other was an investor who recently bought three off the plan apartments in the last six months.

Read more:&nbsp;<a href="/news/qld/the-never-lived-in-appeal-for-gold-coast-downsizer-at-tapestry-chevron-island-urban-buyer-q-a">The "never lived in" appeal for Gold Coast downsizer at Tapestry, Chevron Island: Urban Buyer Q&amp;A</a>

Read more:&nbsp;<a href="/news/qld/why-we-are-downsizing-to-crest-broadbeach-urban-buyer-q-a">Why we are downsizing to Crest Broadbeach: Urban Buyer Q&amp;A</a>

Read more:&nbsp;<a href="/news/qld/why-this-property-investor-bought-three-gold-coast-off-the-plan-apartments-in-six-months-urban-buyer-q-a">Why this property investor bought three Gold Coast off the plan apartments in six months: Urban Buyer Q&amp;A</a>

September was a busy month in the Gold Coast off the plan apartment market, with significant activity in Main Beach and Palm Beach in particular

City Beat October 2024: Price growth continues in Gold Coast units as house market slows

Local developer Andrews Projects has submitted plans for its largest project to date: a $700 million twin-tower development in <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a>.

Andrews Projects purchased the 5,700 sqm site, two blocks from the beach at <a href="/new-apartments/south-beach-surfers-paradise-3006-surfers-paradise-boulevard-surfers-paradise">3006-3016 </a><a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a><a href="/new-apartments/south-beach-surfers-paradise-3006-surfers-paradise-boulevard-surfers-paradise"> Boulevard</a>, earlier this year. It's the well-known Orion Towers site, which had approved plans for two 104 and 73-level towers with 1,100 apartments.

In collaboration with renowned architects Bates Smart, <a href="/developers/andrews">Andrews Projects</a> has completely changed the original design, reducing the density by 65 per cent. The project will now feature two curved 37-level towers with 394 apartments ranging from one to four bedrooms.

<img alt="Andrews" data-entity-type="file" data-entity-uuid="41a57ecd-d39a-42ce-bba6-dbf0f7bc78b9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-30%20at%2011.34.24%E2%80%AFAM.png?VersionId=K1JMGjeplvu5oNHXnnlg9n.0O5xLJSw9" />

The two residential-only towers will rise above a six-level podium that includes a double-height residents’ foyer, a co-working space for residents, a publicly accessible café opening onto a landscaped outdoor seating area, and four levels of above-ground parking enhanced by cascade planting.

With the growing trend towards wellness and urban bathhouses, residents will have access to state-of-the-art facilities on level six. These include two large outdoor pools, a Hammam, a steam room, plunge pools, saunas, a fully equipped gymnasium, and BBQ picnic areas, all integrated and framed by extensive subtropical landscaping.

The apartments, located from level seven through to level 37, feature&nbsp;wrap-around balconies designed to provide indoor-outdoor living.

<img alt="Andrews" data-entity-type="file" data-entity-uuid="4135ad64-8afb-4db0-b0ff-bdf4978447f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-30%20at%2011.34.28%E2%80%AFAM.png?VersionId=MQOHjPks47rZEs8Le2W2frRWJNi0liox" />

The considered design staggers and rotates the two towers in opposite directions to maximize the number of apartments with beach and river views, with most two and three-bedroom apartments enjoying dual or triple aspects.

Andrews Projects Sales Manager, Sarah Andrews, said the project&nbsp;aims to establish a new residential address that embodies the essence of high-rise coastal living in Queensland’s distinctive subtropical environment.

“We are thrilled to be working with Bates Smart to bring this visionary project to life," Andrews says.

"Over the past few months, we have developed a fresh approach to beachside living, crafting apartments that offer enhanced liveability with abundant natural light, cross-flow ventilation, and dual-aspect living areas."

Andrews says the Gold Coast market&nbsp;is severely undersupplied, and this situation is likely to worsen.

"This project will help meet the demand, and we look forward to working with our construction team and the <a href="/developments/gold-coast-qld">City of Gold Coast</a> to deliver this iconic project.”

Andrews is currently building <a href="/new-apartments/cascade-robina-116-laver-drive-robina">Cascade</a> at Robina, another two-building development. They recently completed Dune <a href="/developments/main-beach-qld-4217">Main Beach</a>.

First look exclusive: Andrews Projects reveal 400 apartment, two-tower development in Surfers Paradise

Boutique developer&nbsp;<a href="/developers/arena-property-group">Arena Property</a> has filed plans for its largest tower to date.

Arena, the developer behind the luxury low-rise apartment development Lana Bilinga, is proposing a 28-level building in <a href="/developments/main-beach-qld-4217">Main Beach</a>.

Plus Architecture has designed the tower, named Belle Vie—French for "beautiful life"—to feature two distinct sections, separated by an amenities level on the 18th floor. This facilities level includes a residents' lounge with a games area, a library, and various lounge spaces.

Adjacent to the lounge, is a wine cellar, a private dining room, and an outdoor sunset dining area. This level also offers a dedicated work-from-home space with a boardroom, as well as a 91 sqm gym that includes a Pilates studio, a sunrise yoga deck, and a functional training room.

<img alt="Belle Vie" data-entity-type="file" data-entity-uuid="6e5a1f78-2366-4fbe-b751-48fe4df41ef2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-29%20at%207.41.17%E2%80%AFPM.png?VersionId=0vnPBIPPs9iRTGmwOc0hdnY9MoIu4MGu" />

The levels beneath 18 incorporate 56 quarter-floor, two-bedroom apartments, each with a study or multi-purpose room, while above level 18 are 14 half-floor, three-bed units.

There are two four-bedroom apartments, the three-level penthouses, each with a dedicated home office and its&nbsp;own 120 sqm plus rooftop with a pool, spa, outdoor kitchen, lawn, and firepit area.

There are more amenities on the top of the podium, in the form of a swimming pool with a spa and a wet deck, hot and cold plunges, and a sauna.

The three-level podium, and basement, will have parking for 100 vehicles.

<img alt="Bella Vie Main Beach" data-entity-type="file" data-entity-uuid="b0cad1a5-cfd9-41a5-9d47-7e6a62e1dd34" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bella%20Vie%20form.png?VersionId=yoEEgWYDWZvTCWWMy3ki.JwKPM5u26AM" />

Plus said Bella Vie is situated in a pristine Main Beach location, on an amalgamted 1,010 sqm site at 47-49 Pacific Street, currently occupied by a three-level walk-up with 12 units.

"The site is flanked by two neighbouring tennis courts, providing a rare offering of expansive ocean, river and skyline views across various aspects of the site."

Plus, led locally by Danny Juric, said the building provides the "ultimate escape in luxury barefoot lifestyle."

"Stepping into the lobby from Pacific Street, passing through an under croft of green, residents par take in the experience a lush garden lobby. A tiered podium which is softly sculpted across three levels acts as a landing for planters, addressing the street interface. The podium continues and enhances the existing landscaped streetscape, to provide a rich and welcoming connection with ground plane."

<img alt="47 – 49 Pacific Street, Main Beach" data-entity-type="file" data-entity-uuid="6dac529f-070f-4a8c-bb39-c3740ba80dd7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/47%20%E2%80%93%2049%20Pacific%20Street%2C%20Main%20Beach.png?VersionId=gEtDD9qmEWayLjTwd0NJkK9z0FTB0HBo" />

Main Beach is undergoing a huge transformation from a lifestyle perspective with the redevelopment of the Marina Mirage shopping precinct, the Manta Ray residential and commercial development and Ritz Carlton hotel among several other key developments that will put&nbsp;<a href="/developments/main-beach-qld-4217">Main Beach</a>&nbsp;on the world map.

Jon Drew's Drew Group is working toward a late 2025 completion of <a href="/new-apartments/lagoon-main-beach-11-23-cronin-avenue-main-beach">Lagoon Main Beach</a>, one of the most popular developments in the suburb in the last few years, while Tye Alroe's Alroe Construction has recently launched <a href="/new-apartments/lune-main-beach-19-21-rankin-parade-main-beach-qld-4217">Lune Main Beach</a>, just six villa-style apartments opposite Broadwater.

Plus said Bella Vie is situated in a pristine Main Beach location, on an amalgamted 1,010 sqm site at 47-49 Pacific Street, currently occupied by a three-level walk-up with 12 units

First look exclusive: Arena Property seeks first high-rise tower with Bella Vie, Main Beach apartment plans

“In Sydney and Melbourne, the top selling projects are more affordable. In Queensland, the Brisbane and Gold Coast markets are still targeting the luxury/premium market.” 

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