<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

Architect-cum developer Joe Adsett's luxury Gold Coast apartment project, Rockpool Rainbow Bay, is starting its construction.

Southeast Queensland building firm Tomkins Commercial has started earthworks on the prime site at 154-156 Marine Parade, which will offer never-to-be-built-out views to Rainbow Bay and Snapper Rocks.

The $100 million project will comprise 21 high-end apartments

Adsett's design ethos was to deliver a "sub-tropical modernist architectural approach to beachfront apartment living."

80 per cent of apartments in Rockpool are already accounted for.

<a href="/news/qld/tower-reveal-architect-joe-adsett-officially-lodges-plans-for-rainbow-bay-tower-rockpool">Read more:&nbsp;Tower reveal: Architect Joe Adsett officially lodges plans for Rainbow Bay tower Rockpool</a>

[smartcode_project:default project_id=94018 project_image_fid=169982]

“I am pleased to announce that Rockpool is well and truly underway, and we look forward to seeing our vision come to life,” Adsett says.

“Tomkins have been one of Queensland’s leading construction companies for over 70 years and they are well equipped to ensure the delivery of the project.”

In recent years the southern tip of the Gold Coast has undergone a significant urban renewal and gentrification, spearheaded by high demand and limited development sites available.

Three full-floor penthouses have just been released to the market through Pezet Matheson.

[smartcode_project:default project_id=94018 project_image_fid=212061]

“Now that the project is under construction and we have reached 80 per cent sold, we will be launching the hotly anticipated Rockpool penthouse collection,” Adsett says.

Offering from 520 sqm of luxury living, the jewel in the crown penthouse collection features five bedrooms, five and a half bathrooms, three living areas, four garaged car parks, a private wine cellar, fireplace, and uninterrupted ocean views, never to be built out.

A mix of three, four and five-bedroom floorplans will be on offer in Rockpool, with sizes ranging from 245 sqm through to 512 sqm.&nbsp;

<a href="/news/qld/joe-adsetts-rockpool-rainbow-bay-apartments-get-green-light-after-unbelievable-buyer-interest">Read more: Joe Adsett's Rockpool Rainbow Bay apartments get green light after "unbelievable" buyer interest</a>

[smartcode_project:default project_id=94018 project_image_fid=212060]

The exclusive resident amenity includes a private heated lap pool, sauna, gym, beach lockers, and private office space.

Rockpool has secured funding by ANZ with the tower expected to come out of the ground this year.

It's the fourth major funding facility provided by ANZ to the architect-developer in the luxury residential space. ANZ partnered with Joe Adsett and Tomkins to deliver Botanic in New Farm.

[smartcode_project_cta:default project_id=94018]

The $100 million project will comprise 21 high-end apartments all with ocean views over Rainbow Bay and Snapper Rocks

alisonwarters@gmail.com

Construction commences at Joe Adsett's Rockpool Rainbow Bay

The Isle of Capri on the Gold Coast is set to see the first large scale residential project in the tightly held island in over three decades.

Local developer Monaco Property Group (MPG) has been given the green light to develop Capri, a gated community with just 48 two and three-level villas.

Designed by award-winning firm Plus Architecture, the 1.2 hectare masterplan will have a central residents lounge, BBQ pavilion, resort style swimming pool, relaxation and cabana areas, and lush tropical gardens.

[smartcode_project:default project_id=139511 project_image_fid=213450]

Monaco Property Group Managing Director Jonathan Grasso says the project will bring a new level of luxury and inner city living to Isle of Capri.

“Capri includes five unique villa designs, with large open plan living, multipurpose rooms and villa options of three or four bedrooms," Grasso says.

“Capri will feature three storey residences on Elliott Street with private landscaped courtyard entries, two storey residences on Salerno Street with articulated courtyards, and a mixture of two storey residences opening into the communal area."

[smartcode_project:default project_id=139511 project_image_fid=213457]

Landscape architecture firm LDG has designed a lush tropical oasis at the heart of the estate.

The sales display suite is on site, with kitchen and bathroom interiors and the luxury finishes of Gaggenau appliances, marble bench tops and European oak timber floors.

NPA Projects Director Andrew Erwin, who will handle the marketing of the project, says Capri offers buyers possibly the best new and most strategic inner city real estate on the Gold Coast.

“Isle of Capri is unparalleled with its level of connectivity, allowing simple and quick access to Southport and its private schools, Broadbeach and its dining, shopping and entertainment precinct, Bundall and the commercial centre and the HOTA arts precinct.

“Residents will be just a short walk to the vibrant Capri on Via Roma shopping and dining precinct, Surfers Paradise, and world-famous beaches. It ticks every conceivable box.”

[smartcode_project_cta:default project_id=139511]

Monaco Property Group Managing Director Jonathan Grasso says the project will bring a new level of luxury and inner city living to Isle of Capri

Isle of Capri to get first large scale residential development in three decades

&nbsp;A surge in buyer demand over 2023 has seen Iris Capital's flagship Broadbeach development become Urban's most popular apartment development on the Gold Coast.

The project, <a href="/new-apartments/victoria-albert-broadbeach-20-albert-avenue-broadbeach">also dubbed V&amp;A</a>, has seen a diverse buyer profile over the last few months according to Colliers sales agent Paul Putsay.

"Interestingly V&amp;A is attracting a delightful clientele of fly-in and fly-outs in the Albert tower, while there's been an uptake from hybrid investors and occupiers in the Victoria building."

"The building is also proving to be extremely popular with buyers from Melbourne and Sydney, in no small part because of the $200 million commercial retail and fresh food precinct underneath."

[smartcode_project:default project_id=107928 project_image_fid=198884]&nbsp;

The extensive commercial precinct will feature a number of retailers, handpicked by Iris Capital CEO Sam Arnaout. The amenity stretches to an extensive range of facilities, located on the fourth level of the podium.

There's a 25-metre lap pool with an outdoor dining and barbecue area, a spa and steam room, a Zen garden, a yoga deck, a boutique resident's lounge, and a kid's club area with a playground, all surrounded by sub-tropical gardens.

The project also includes a residents sky lounge on the top level of the Victoria tower, complete with luxury dining, lounge, wellness, and work zones, taking in ocean and city skyline views.&nbsp;

[smartcode_project:default project_id=107928 project_image_fid=184934]

Victoria &amp; Albert is now over 50 per cent sold, with some $350 million worth of sales to date. There will be just over 400 apartments across the two towers, Victoria and Albert, named after their location on the corner of Victoria and Albert streets.

The apartments have been designed by renowned <a href="/architects/dbi">architecture firm DBI</a>, who drew inspiration from the coastal environment.

V&amp;A is being built in the heart of <a href="/new-apartments/broadbeach-qld-4218">Broadbeach</a>, on the old Niecon Plaza site, which has now been demolished.

Broadbeach has been a hotspot for developers of late. It ranked as Apartments.com.au's most searched suburb in the Gold Coast, and second only to Brisbane in the whole of Queensland. Broadbeach did rank as the most enquired suburb on Urban in March.

Urban saw a spike in investor enquiry across Queensland in Q1 2023, accounting for around a third of all buyer enquiry.

<img alt="Urban data" data-entity-type="file" data-entity-uuid="9f67fb2f-4777-487d-a329-04e92a4f8364" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-31%20at%2012.42.29%20pm.png?VersionId=cO7FwGQObSxTbo.O3RI2lTpCCh1b7IFa" />

Colliers’ Gold Coast director-in-charge Steven King said the latest population forecasts, the strength of the Gold Coast’s employment market and the massive investment in infrastructure across the city is providing the local property market with remarkable resilience.

"Certainly, we’re seeing challenges across the board, driven by higher construction costs and labour constraints causing ongoing housing supply issues, but the Gold Coast is still firing on all cylinders from an economic perspective which will continue to support the residential and commercial sectors in the near term.”

[smartcode_project_cta:default project_id=107928]

Victoria & Albert is now over 50 per cent sold, with some $350 million worth of sales to date. There will be just over 400 apartments across the two towers, Victoria and Albert, named after their location on the corner of Victoria and Albert streets

Victoria & Albert Broadbeach: Urban's most popular Gold Coast project in March

Established Melbourne-based residential developer Glenvill and Gold Coast based QNY Group have announced their new joint construction company, Glen Q Constructions, will build their new Broadbeach apartment development,&nbsp;Sunset Residences.

QNY Group and Glenvill joined forces to develop the 21 Broadbeach Boulevard site, in what will be Glenvill's first foray into the Gold Coast apartment market.

They recently launched the 16-level tower, which has just&nbsp;11 full-floor beach residences, one half-floor residence, and a tri-level penthouse with a private rooftop terrace.

They're now set to jointly undertake construction of the project, designed by Contreras Earl Architecture and with interiors by Plus Architecture.

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Glenvill are renowned as residential specialists, and are Australia’s most awarded builder. They have a residential pipeline exceeding $2 billion along with a forward order book of construction projects in excess of $250 million.

Glenvill Developments CEO Len Warson says the creation of the entity will ensure Sunset Residences is delivered to an unprecedented standard.

“Glenvill has a 60-year history delivering upmarket residential homes," Warson says.

"We only build homes and apartments, and have unrivaled experience delivering high-end finishes with exceptional attention to detail, which is what is expected in luxury builds like Sunset Residences."

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Warson said it became obvious that they needed&nbsp;certainty that the builder on this project would deliver the high level of quality they demanded.

“We soon realised that the only way to ensure that level of quality would be met was by taking on the responsibility of building ourselves - this way we can ensure the end product will not only meet buyers’ expectations but exceed them."

QNY Group Director Anthony Quinn, who has long been an admirer of the Broadbeach Boulevard corner site which will offer uninterrupted 270 to 360 degree view corridors that capture panoramic views from Surfers Paradise to Coolangatta, says&nbsp;Glen Q Constructions is the ultimate culmination of strength through collaboration.

"With Glenvill and QNY Group’s experience combined we have the skillset and resources needed to produce a high-end boutique development," Quinn says.

“The Glenvill brand is known for high quality, reliability and safe delivery and this security combined with QNY Group’s understanding of the residential sector and thorough local knowledge will ensure we deliver a timeless project to be signposted as a new level of luxury for living on the Gold Coast.”

Construction of Sunset Residences is expected to commence in August 2023.

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They recently launched the 16-level tower, which has just 11 full-floor beach residences, one half-floor residence, and a tri-level penthouse with a private rooftop terrace

Glenvill, QNY Group announce new joint construction company, Glen Q Constructions

The Gold Coast property market is holding up considerably better than some of its southern counterparts, recent research conducted by national project marketing agency Colliers found.

Colliers' latest Market Overview has revealed that the median house price on the Gold Coast has only dropped by $15,000, or -1.5 per cent, to reach $925,000 by the end of 2022 -&nbsp;down from the $940,000 reported by Colliers previously at the peak of the market in June last year.

This is in stark contrast to the rest of the country, where national house prices have fallen more than five times the rate of the Gold Coast.

The report highlights that Gold Coast's property market has remained relatively stable despite the national market experiencing a record fall of 8.4 per cent in CoreLogic's Daily Home Value Index from May last year until January 7 this year.

Colliers’ Gold Coast director-in-charge Steven King said the latest data, supported by continued growth in the city’s commercial property sector, demonstrates that Gold Coast property prices are holding firm amid volatile conditions nationally.

“The latest population forecasts, the strength of the Gold Coast’s employment market and the massive investment in infrastructure across the city is providing the local property market with remarkable resilience,” King said.

“Certainly, we’re seeing challenges across the board, driven by higher construction costs and labour constraints causing ongoing housing supply issues, but the Gold Coast is still firing on all cylinders from an economic perspective which will continue to support the residential and commercial sectors in the near term.”

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The Colliers Market Overview report for February 2023 offers a robust view of the Gold Coast property market with resilience in residential property spilling over into the office, industrial and retail sectors.

The report forecasts the Gold Coast economy will grow four per cent a year over the next three years, making it an economic hotspot in comparison to the Reserve Bank’s estimates of 1.5 per cent growth in the national economy in 2023 and 2024.

Employment on the Gold Coast grew by one per cent over the year, keeping the jobless rate at 2.9 per cent, well below the national rate of 3.7 per cent.

“The Gold Coast employment market is among the tightest in the country, with the jobs market well supported by new businesses relocating to the city to capitalise on emerging growth opportunities,” said King.

Among the key metrics revealed in the Colliers report is the massive take-up of office space on the Gold Coast over the past two years amid low construction activity in the sector.

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The Colliers report notes that retail rents on the Gold Coast have risen by 15 to 20 per cent on average over the year due to rising occupancies, population growth, limited new supply, and higher construction costs.

Supporting the Colliers report’s growth forecasts are projections of massive population increases for key Gold Coast suburbs over the next two decades.

The city’s northern and western suburbs will sustain the highest growth as the city heads towards a population of nearly one million people by 2041 – an increase of 48 per cent from current levels.

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Ormeau-Oxenford will make up most of that population expansion with another 114,000 people expected to live there by 2041. Coomera's population is likely to almost&nbsp;triple, while Worongary-Tallai, Southport-North, and Mermaid Beach-Broadbeach are each expected to double in population.

“These growth forecasts underpin the pace of activity we are currently experiencing across each of the key property categories,” said King.

“The high growth areas to the north and west are likely to drive sustained demand for new developments such as retail to service these areas, as well as industrial and commercial areas to provide key local employments nodes.”

National house prices have fallen more than five times the rate of the Gold Coast over the last 12 months

Gold Coast riding out 2022/23 property correction: Colliers report

Kirra, the small enclave part of the wider Coolangatta, is one of the most sought-after spots across the whole of the Gold Coast.

There's Kirra Point, the world renowned surf break which will be the focal point of the surf events at the 2032 Summer Olympics.

Development down near the water has generally been boutique in nature over the last few years, with most apartments on Musgrave Street and Marine Parade starting from well over the $2 million mark.

Overlooking it all is Kirra Hill, slightly up the slope but still just 350 metres from the sand.

That's where Immerse Projects have found a gap in the market, bringing a more affordable product to the area which has been starved of entry-level stock since Miles Residences by KTQ sold out in early 2020.

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Immerse, led by construction industry veteran John Kearney who leads building firm Greyburn, is developing Rhythm Kirra Hill at 30 Garrick Street, a seven-level building with just 40 apartments.

Prices start from $720,000 for the 71 sqm, one-bedroom units. The two-beds are priced under $1 million, and the largest apartments on offer, the three-bedders with a multi-purpose room, are available at $1,355,000.

A short walk from the famous surf, Rhythm is also a stone’s throw from a vibrant café and dining scene, which is just 150 metres away, with an eclectic collection of high-end restaurants, casual eateries and coffee spots, and unique bars.

The Kirra Point Precinct and The Strand Beachfront Shopping Precinct are 600 metres from Rhythm.

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Kirra and Coolangatta are also home to a collection of beachside boutiques and shopping, while also being just a short drive from national and international retailers at the Gold Coast’s major shopping centre, Pacific Fair.&nbsp;

For those who prefer to get around on public transport, there are several bus routes that service the area, with the main bus terminal located on Griffin Street.

Another popular option is to cycle or walk,&nbsp;with several dedicated paths and trails leading to the beach and other attractions within Coolangatta.&nbsp;

Greyburn kicked off construction on Rhythm in February. They anticipate an 18-month build.

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Kearney says the company is well positioned to deliver Rhythm, having successfully completed a variety of residential projects across South-East Queensland.

“Demand for premium beachside apartments on the southern Gold Coast is higher than ever, so we are excited to be officially under construction with project certainty to bring this highly-desirable project to life."

Jayde Pezet of Pezet Matheson, who is selling Rhythm Kira Hill alongside Ashwin Property, says construction comes hot off the back of strong enquiry for the project.

“The project has been exceptionally well received and many prospective buyers have been enticed by the project’s close proximity to key lifestyle amenities,” Pezet said.

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Immerse, led by construction industry veteran John Kearney who leads building firm Greyburn, is developing Rhythm Kirra Hill at 30 Garrick Street, a seven-level building with just 40 apartments

Rhythm Kirra Hill: How Rhythm apartments take advantage of the Kirra lifestyle

The need for new short-term accomodation in the Southern Gold Coast is set to be filled somewhat by the new Palm Beach Hotel, which has just been given the green light by the Gold Coast City Council.

The $120 million project at 1081-1089 Gold Coast Highway will see 126 hotel rooms spread across six levels, with state-of-the-art amenities, including a rooftop pool, gym, spa, and in-house dining.

Award-winning firm Plus Architecture has been engaged to deliver the master-planned hotel.

“Being such a significant project, our team took a considered approach to create a standout development in an increasingly discerning market,” Plus Architecture Principal Danny Juric said.

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Rob Steer's Steer Developments is one of the joint venture partners in the project. Steer says they wanted&nbsp;to create a space that makes our guests feel something special.

"It’s about the entire experience," Steer says.

"A perfect blend of beauty, luxury, and premium quality with a calm, lush, and peaceful serenity.

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“We have always appreciated the Gold Coast’s lifestyle and are excited to contribute to its beauty and make an everlasting impact on the southern Gold Coast.

“While the northern end of the Gold Coast is flooded with hotels, the southern end is ripe for a luxury offering. Along with Mondrian set to open in Burleigh, the timing is perfect for an additional prestige hotel at Palm Beach.”

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Palm Beach Hotel will be delivered in one stage, with construction set to commence in Q4 2023 and completion estimated for Q1 2025.

Steer is fully committed to Palm Beach. He has a solo project, COTE Palm Beach, a collection of just 17 half-floor apartments nearby.

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Cote is located on a prime 810 sqm site at 3 Thirteenth Ave, bounded to the east by Jefferson Lane and just 20 metres from the beach.

“Côte presents an exceptional opportunity for buyers to secure a masterfully designed residence in one of the best beachside locations at Palm Beach,” said Steer.

“We have ensured that Côte sensitively responds to the local context while delivering the absolute best of a luxe lifestyle that is just steps away from the beautiful beachfront, the Palm Beach village precinct and some of the southern Gold Coast’s best cafés, restaurants, bars and boutique retail.”

Demolition has begun on site, and construction is expected to commence in the coming months.

Palm Beach apartment supply has dramatically improved since the early stages of COVID, when projects sold out in double quick time.

<a href="/news/qld/apartments-supply-improves-in-palm-beach-as-graya-secure-approval-for-ripple">Read more:&nbsp;Apartments supply improves in Palm Beach as Graya secure approval for Ripple</a>

Palm Beach Hotel will be delivered in one stage, with construction set to commence in Q4 2023 and completion estimated for Q1 2025.

Palm Beach Hotel approved as Palm Beach development pipeline soars

Global developer MRCB International has&nbsp;unveiled the luxury penthouse crowning their maiden Gold Coast apartment development, 26 Vista in Surfers Paradise.

The 51st-level penthouse, which will be among one of the highest apartments on the Gold Coast, spans a total of 556 sqm and features five bedrooms, one of which presents as a self-contained guest suite.

There's four balconies which offer 360-degree views of the Gold Coast. One of the balconies features an infinity plunge pool.

Raith Anderson, DBI Architects Managing Director, said 26 Vista presents as an undeniably cosmopolitan and contemporary minimalistic home, with deliberately subtropical detailing.

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“This penthouse introduces a level of sophistication and craftsmanship rarely seen in Queensland," Anderson said.

"Every single element has been painstakingly designed, it’s the definition of opulent and contemporary penthouse living."

Central to the apartments is the marble and travertine kitchen, fitted with high-end V-Zug appliances.

Adjacent to the kitchen is the largest living zone, a space dominated by an arc-shaped, built-in sofa that faces the ocean.

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MRCB International CEO Ravi Krishnan is confident that the penthouse at 26 Vista is the ultimate definition of modern luxury.

“True luxury is unwaveringly independent, meticulously crafted, with a highly resolved and curated aesthetic," Krishnan said.

"With this in mind we are leaving final design details up to the purchaser, who will get to pick finishes, paint, and smaller details so this space can be a true extension of their personality.

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“This residence is a resplendent show home, a functional family home, an uncompromising entertainer, and because of that, is a magnificent investment opportunity,” he concluded.

26 Vista is set to be one of the Gold Coast's greenest towers, with the apartments, which feature ultra-efficient appliances, have been designed to benefit from natural heating and cooling to reduce air-conditioning usage.

Residents will be encouraged to transition to electric powered vehicles with a number of EV charging ports that will future-proof the development, while a proposed EV car share service is said to be the first on-site service of this kind on the Gold Coast.

Construction is scheduled to commence on 26 Vista in Q3 of 2023, with the project scheduled for completion in 2026.

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&nbsp;

MRCB International CEO Ravi Krishnan is confident that the penthouse at 26 Vista is the ultimate definition of modern luxury.



MRCB reveal $15 million penthouse atop 26 Vista, Surfers Paradise apartment development

When Chapter Two and acquisition partner Kingbella Group secured a prime Palm Beach site in mid-2021, they wanted to develop something which would offer a point of difference in the sought-after Gold Coast enclave.

What they've produced is Callista, a striking collection of just four townhouses less than 200 metres from the beach.

“They are modern-day beach houses," Chapter Two Co-founder Jon Quayle says.

"They're the size of a home but the convenience of a villa."

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Quayle says when they were undertaking their due diligence and looking for development sites, they found that there were plenty of apartment projects to choose from in the area, but there was a lack of brand new townhouses.

“We’re seeing that buyers are spoiled for choice when it comes to apartments in Palm Beach within this price range, but not everyone wants to live in a three-bedroom apartment smaller than Callista that backs on to the highway and could potentially be built out down the track," Quayle says.

"Similarly, entry into a brand new house is unattainable for most in the area now, with recent sales on the same street as Callista exceeding $3 million while anything new build on the beach is upwards of $10 million. &nbsp;

"Callista has shone through and filled this gap in the market."

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For the last few years, Palm Beach has been one of the strongest housing markets on the Gold Coast, if not across the whole of Australia. The median house price increased 45 per cent between February 2021 to February 2023, with research showing many buyers are now looking to house alternatives for their next purchase.

CBRE sold three of Callista's four villas off the plan, but held back one of them to sell completed. Alroe Constructions have just finished the build.

The remaining villa has around 225 sqm of living space, with four-bedrooms, three-bathrooms, three separate living and entertainment zones, double lock-up garage and undercover storage for surf and paddle boards.

The villa is arguably the best, Quayle says. It occupies the prime north-eastern end of the block, giving it an abundance of natural light.

C2 Architecture worked in collaboration with Louise Walsh Interiors to craft Callista, a cool coastal vibe paired with modern touches. Think natural timber elements blended with curved stone, customised fluted joinery pieces and rippled glass in wet rooms. One of the most striking features is the nine-metre-high window void that flanks the open stairwell to maximise natural light.

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A key feature of Callista, which gives it the feeling of a home rather than a townhouse, is the interface with the street. Garages and driveways front the street, whereas typical townhouse projects are serviced by internal roads and driveway handles.

The majority of enquiries have come from owner-occupiers, Quayle says, adding that the buyers, who will move in soon, will be relocating from as close as Mermaid Waters and as far as London.

Chapter Two are working on another townhouse project in nearby Tugun.&nbsp;Alroe Constructions recently broke ground on their Eden project, a collection o five home-sized, park fronting villas located beachside of the highway.

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CBRE sold three of the four villas off the plan, but held back one of them to sell completed. Alroe Constructions have just finished the build

"The modern day beach house": Callista Palm Beach finishes completion, with one opportunity left

When Tallow Property Group set out to create Flora Burleigh, their new boutique townhouse development in the heart of Burleigh Heads, they wanted to bring the same level of expectation a buyer would have if they were buying, or even building, a brand new house.

Tallow Property Group Director James Thompson said they brought in some of the most well-known local talent in custom house design to create Flora.

"We engaged Jayson Pate, who designs award-winning homes and duplexes on the Gold Coast, to essentially bring the same approach he has with a luxury house build into a boutique development of six townhouses," Thompson said.

"We want our buyers to feel like they're buying a high-end custom home, just at a fraction of the price.

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Thompson, a born and bred Gold Coast local who was a former Director at Herron Todd White Property Valuer's and now runs leading Gold Coast buyers agency - BUYR, has over two decades of industry knowledge and experience which he brings to Tallow Property Group.

Thompson had the Instagram famous&nbsp;Zephyr &amp; Stone handle the project’s interior design.

"Zephyr and Stone have a distinct modern coastal style that perfectly matches the Burleigh Heads location and lifestyle. The selection of natural stone, oak timber flooring, brass tapware and timber cabinetry is timeless and creates a luxury yet understated aesthetic," Thompson says.

Each of Flora Burleigh's townhouses have three bedrooms, a multi-purpose room, two or three bathrooms, and a two-car garage. They start from $1,649,000 and offer 220 sqm of gross floor area.

Listening to buyer feedback, Tallow developed the designs with Jayson Pate, allowing for a lift for those buyers looking to future proof the home.&nbsp;Ditto a plunge pool in the courtyards, an additional option in the pet-friendly space.

Cunningham Constructions have been locked in to handle the build, with construction forecast for completion in mid-2024.

Tallow bought the Burleigh Street site in late 2021, their first project in Burleigh Heads but their second in the wider Burleigh area, and their sixth project to date.

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"We believe Burleigh is the best spot on the Gold Coast," Thompson says.

"It's the best location in terms of where locals want to be, not just interstate buyers, or just people looking to buy off the plan. Everyone wants to be in Burleigh in any capacity.

"There's a cohort of people who don't buy or live in Burleigh, but the area is so sought-after, even if you're visiting or living in Broadbeach or somewhere closer to Surfers, you're making your way down to Burleigh at some point to take advantage of the more relaxed beachside culture."

Tallow bought the Burleigh Street site for its prime location, a few hundred metres from the cafes, shops and restaurants on James Street.

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"It's a short three-minute walk to James Street and a seven-minute walk to the beach, allowing you to experience all that Burleigh village has to offer," Thompson says.

"Flora presents a rare opportunity to purchase a townhouse product under $2 million that is in the heart of Burleigh Heads. There's not going to be too many opportunities to be able to create something like we have at this price point."

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