Growing national developer Time &amp; Place has announced its fifth new apartment development.

With two projects in Manly and two upcoming in Surry Hills and Potts Point, the developer, which expanded beyond Melbourne just a few years ago, is now heading to Mosman. It is planning 53 new apartments on Redan Street.

The 3,233 sqm site, spanning <a href="https://www.apartments.com.au/new-apartments/40-48-redan-street-mosman-nsw-2088">40–48 Redan Street</a> with frontage to Redan Lane, is located just under 400 metres from Spit Junction Town Centre. It is reported the developer paid around $100 million for the five-site amalgamation.

Time &amp; Place, founded by Tim Price and backed by James Packer’s private investment firm NPACT, has submitted the project as a State Significant Development through the NSW Government’s Housing Delivery Authority pathway.

Of the 53 apartments, 42 will be released to the market, with the remaining 11 allocated as affordable housing in line with NSW Government requirements.

fjc Studio has designed the building. In its Design Report, the architect said the diverse mix of dwelling types and sizes, including 11 two-bedroom affordable housing units, 40 three-bedroom apartments, and two four-bedroom residences, will support a broad demographic, including families, downsizers, and key workers.

The development will rise to nine levels, a height encouraged by the NSW Government due to the site’s proximity to Spit Junction, which has been identified as a low- to mid-rise centre. Developments within a certain proximity to these centres are permitted increased height.

fjc said the project “achieves an appropriate density outcome for its setting by balancing increased housing supply with strong amenity performance,” adding that it “makes a measurable contribution to NSW housing supply targets through the delivery of additional dwellings and dedicated affordable housing.”

The new development will replace five existing two-storey homes.

“By aligning with the objectives of the Housing SEPP and applying careful architectural and urban design principles, the development provides high-quality residential accommodation that integrates sensitively within its established Mosman context and delivers enduring benefits to residents and the wider community.”

Mosman has become increasingly popular with developers in recent years.

Developer Abadeen has been particularly active, with Mosman Residences currently on the market and under construction on Clifford Street. It also has an upcoming Burran Avenue project, comprising just three apartments on the Balmoral Slopes, and recently secured the Midas and Honeysuckle nursery site on Military Road.

Prosker Property has a project on Redan Lane, just a few doors down from Time &amp; Place’s proposed development.

Developers including Toohey Miller, DARE Property Group, and WINIM also have projects underway in the area. In 2024, a five-year target was set for the Mosman LGA to increase housing supply by 500 dwellings by 2029.

Time &amp; Place entered the Sydney market with Two Tides, its under construction Manly development. Given its sales success, it has secured another development in the area, more boutique, facing the beach on North Steyne.

They are hoping to launch their redevelopment of The Chimes in Potts Point this year, and next year will look to take to market Marlborough House, an adaptive re-use of the landmark David Jones warehouse in Surry Hills.

Joel Robinson

Time & Place to take on Mosman apartment market

Brunswick’s civic heart continues to consolidate around the Merri-bek Arts and Culture Precinct, where a growing cluster of cultural institutions, recreation facilities, and public infrastructure has created one of the inner north’s most defined community hubs.&nbsp;

Within this evolving precinct, <a href="https://www.apartments.com.au/new-apartments/saxon-street-by-milieu-brunswick-31-saxon-street-brunswick-vic-3056">Saxon Street by Milieu</a> introduces new housing directly alongside the civic anchors that shape daily life in the suburb.

At 31 Saxon Street, the project sits immediately beside Brunswick Baths and within moments of Brunswick Library and Town Hall, longstanding institutions that support both community services and everyday amenity.&nbsp;

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Next door, the newly delivered Balam Balam Place arts precinct has emerged as a central piece of Merri-bek Council’s cultural strategy, bringing together creative studios, exhibition spaces, maternal and child health services, and community programming in a purpose-built civic facility. Together, these destinations have reinforced the surrounding blocks as a focal point for public life in Brunswick.

This part of <a href="https://www.apartments.com.au/developments/brunswick-vic-3056">Brunswick</a> forms a key pocket within the suburb’s designated Major Activity Centre, where long-term planning has prioritised walkability, civic investment, and increased housing supply close to transport and services. The surrounding street network reflects that strategy, with compact blocks, established retail corridors and active transport links supporting a lifestyle that is largely navigable on foot.

Within a few minutes’ walk, Sydney Road delivers one of Melbourne’s most recognisable streets, known for its long-running mix of independent retailers, international dining venues and everyday convenience. Tram routes along Sydney Road provide frequent connections south toward the CBD and north through Brunswick and Coburg, while Jewell Station on the Upfield line sits within roughly a ten-minute walk, offering direct train access into the city.

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Active transport also plays a significant role locally. The nearby Upfield Bike Path forms a key north–south cycling corridor linking Brunswick through Parkville and into the central city, reinforcing the area’s reputation as one of Melbourne’s most accessible inner-urban neighbourhoods for cyclists and pedestrians alike.

The surrounding civic cluster extends beyond cultural infrastructure. Siteworks, a nearby creative hub supporting artists and community organisations, adds to the concentration of cultural activity in the immediate area. Educational institutions such as Brunswick North Primary School, Brunswick Secondary College and RMIT’s Brunswick campus are also within easy reach, contributing to the suburb’s diverse resident base spanning families, students and professionals.&nbsp;

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Designed by <a href="https://www.apartments.com.au/architects/jackson-clements-burrows-architects">Jackson Clements Burrows Architects</a> in collaboration with <a href="https://www.apartments.com.au/interior-designers/designoffice">DesignOffice</a> and landscape architects <a href="https://www.apartments.com.au/landscape-architect/oculus">OCULUS</a>, the nine-level building has been shaped to respond to the surrounding streetscape, with lower levels aligning to the street and upper storeys stepping back to soften its scale and improve solar access.&nbsp;

Curved balcony forms reference nearby heritage architecture, while the development’s public realm improvements include a widened footpath along Saxon Street to strengthen pedestrian connections between the precinct’s civic sites.

Sustainability also underpins the project’s approach. The building is designed to operate entirely on electric infrastructure supported by rooftop solar, with an average 7.5-star NatHERS energy rating and EV-charging readiness across the development. Shared resident amenities will include a landscaped rooftop terrace with barbecue and covered dining areas intended to encourage informal interaction between residents.

Saxon Street marks developer Milieu's fifth project in Brunswick and continues its focus on design-led infill housing across Melbourne’s inner suburbs.&nbsp;

Construction has commenced through reputable builder Manresa, who will complete the project in 2027.

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Saxon Street by Milieu connects residents to Brunswick’s cultural and civic core

Within <a href="https://www.apartments.com.au/new-apartments/candela-ivanhoe-40-upper-heidelberg-road-ivanhoe-vic-3079">Candela Ivanhoe</a>, <a href="https://www.apartments.com.au/developers/salter-brothers">Salter Brothers</a>&nbsp;takes a different approach to larger residences, moving away from the constraints of a single level.

In Grand Residence 3.05, known as the Lustre, plays out across two levels, with a mezzanine configuration that is uncommon in apartment living.

Lustre is a four-bathroom residence where the layout creates a clear distinction between shared and private zones, with uninterrupted views toward the Dandenong Ranges extending the sense of openness from the main living areas.

Entry is to the primary living level, where the kitchen, dining, and living areas are arranged as one continuous space. Timber flooring runs throughout, with a fireplace set within the living zone. Full-height glazing brings in natural light, supported by double glazing that improves thermal performance.

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The kitchen is configured as both a working and social space. A large island bench provides seating, while a walk-in pantry extends storage beyond typical apartment expectations.

Gaggenau appliances, including a 900mm gas cooktop and 600mm oven, are integrated into a layout that connects directly to the adjacent dining and living areas, and outward to the terrace. This balcony includes a built-in BBQ, reinforcing the apartment’s capacity to accommodate larger gatherings without compromising internal space.

A dedicated laundry room, powder room, and a wine cellar area sit discreetly off the main living zone, ensuring that functional requirements are resolved without encroaching on primary living areas. The master suite is also located on this level, designed as a retreat with a walk-through wardrobe and an ensuite that includes double vanities, a bath, and a dedicated dressing table.

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The mezzanine level introduces a second layer of living, rather than simply additional bedrooms. Two large bedrooms with built-in robes are positioned alongside a central bathroom, while a secondary lounge and study area create a self-contained zone suited to children, guests, or extended family. A large storage room further supports long-term usability, addressing a common shortfall in apartment design.

This separation of levels is central to how the residence functions day-to-day. It allows the lower level to operate as the primary entertaining and living space, while the upper level provides privacy and flexibility. The result is closer in feel to a townhouse or standalone home, but with the benefits of apartment living, security, and low maintenance.

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Candela is close to 80 per cent complete, with Ironside delivering construction ahead of its expected October 2026 completion. The development comprises 58 residences, with a strong owner-occupier profile and a mix of one to four-bedroom apartments and loft-style townhouses.

Candela has exclusive access to private amenities, including a residential lounge and rooftop terrace. A charming café and a lifestyle wellness centre are located on the ground level, designed to foster community connection and extend the living experience beyond individual apartments without competing with the scale of homes like Lustre.

Candela, positioned in the heart of Ivanhoe Village, reinforces the practicality of the address. With a Walk Score of 90, residents are within immediate reach of cafés, retail, parklands, and Ivanhoe Station, while also benefiting from proximity to established schools and healthcare services.

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Inside Lustre: Grand Residence 3.05 at Candela Ivanhoe

<a href="https://www.apartments.com.au/developers/milieu-property">Milieu</a>’s <a href="https://www.apartments.com.au/new-apartments/elsternwick-gardens-by-milieu-8-gordon-street-elsternwick-vic-3185">Elsternwick Gardens</a> is being shaped around a simple but increasingly rare premise in apartment development: that the built environment should actively support residents’ wellbeing.&nbsp;

Located on the former ABC Studios site on Gordon Street in Melbourne’s south-east, the new neighbourhood sits on an expansive 11,740 sqm site neighbouring the heritage-listed Rippon Lea Estate, whose gardens date back more than 140 years.

Rather than positioning wellness as an add-on amenity, the development integrates it into the physical planning of the site. Architecture by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> is arranged across six low-rise buildings set within extensive landscaping designed by <a href="https://www.apartments.com.au/landscape-architect/oculus">OCULUS</a>, with more than 40 per cent of the land dedicated to gardens and green space. Walking trails, pocket gardens, and mature trees are threaded between buildings, creating a network of green corridors that encourage residents to move through the precinct on foot and spend more time outdoors.

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Milieu has intentionally framed these gardens as an extension of the neighbouring Rippon Lea Estate. More than 16,000 new plants will be introduced across the site, with species carefully selected to protect and complement the area’s ecological significance. The approach focuses on strengthening existing environmental conditions while establishing new habitats that support native wildlife, reinforcing the role of the landscape as both an active ecosystem and a defining element of daily life.

A private resident gate will provide direct access to the historic grounds during opening hours, allowing residents to move seamlessly between the development’s landscaped gardens and the estate’s expansive lawns, lakes, and mature trees. The project’s gardens will also be maintained by the same gardeners responsible for Rippon Lea, reinforcing the visual and ecological continuity between the two landscapes.

Complementing the landscape is a dedicated wellness hub designed to support everyday health and recovery. Residents will have access to a gym alongside yoga and Pilates studios, while mineral pools and infrared saunas provide spaces for relaxation and restorative wellbeing. Shared lounges, workshop spaces, and pet care facilities expand the concept of wellness beyond fitness, creating opportunities for social connection and community interaction within the precinct.

Environmental performance is another key component of the project’s wellbeing focus. Elsternwick Gardens will be entirely fossil-fuel-free, with homes designed to operate on renewable electricity rather than gas. Passive design strategies, including cross-flow ventilation, high-performance insulation, and thermally broken double glazing, are intended to maintain comfortable indoor temperatures while reducing energy demand. Solar photovoltaic systems will power common building services, while rainwater harvesting will help irrigate the extensive landscaping across the site.

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Milieu Founder and Managing Director Michael McCormack says the scale and setting of the project allowed the team to take a different approach to urban apartment living.

“This site represents a once-in-a-lifetime opportunity to build something truly special,” McCormack says.

“Through that process, we arrived at a design that centres on a fully realised natural landscape – a series of private, interconnected gardens that encircle the homes and extend seamlessly from Rippon Lea Estate.”

Elsternwick Gardens will comprise three residential offerings, Gordon Place, Ripponlea Terrace, and The Garden Pavilion, each designed for owner-occupiers and shaped around high-quality interior design by Woods Bagot, K.P.D.O., and Flack Studio. The first stage, Gordon Place, includes one-, two-, and three-bedroom apartments designed with a strong focus on indoor-outdoor living and sustainability.

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Milieu recently appointed <a href="https://www.apartments.com.au/builders/brady-constructions">Brady Constructions</a> to deliver the project, marking a key milestone for the development. The appointment follows the demolition of the former studio buildings on the Gordon Street site, with construction progressing toward the delivery of the nature-led community.

Situated between the established villages of Elsternwick and Ripponlea, the development balances its garden setting with strong urban connectivity. Residents will be within walking distance of cafés, restaurants, and local retail, while nearby train and tram connections provide quick access to Melbourne’s CBD and the beaches of Elwood and St Kilda.

With construction underway and the first residents expected to move in by early 2027, Elsternwick Gardens represents a growing shift in apartment development toward environments that prioritise wellbeing as much as density or location. By placing landscape, sustainability, and shared spaces at the centre of the design, Milieu is positioning the project as a residential neighbourhood where wellness is not just promoted, but built into the structure of everyday life.

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Elsternwick Gardens' wellness-first design strategy

Brisbane-based developer <a href="https://www.apartments.com.au/developers/red-co">Red &amp; Co</a> has made a striking debut on the Gold Coast, officially unveiling its $250 million COMO development in Varsity Lakes, a lifestyle-driven residential project anchored by an extensive rooftop wellness and activity precinct.

Having recently launched to market, construction has already been fast-tracked by <a href="https://www.apartments.com.au/builders/5point-projects">5Point Projects</a>, ensuring momentum continues on what is set to become a landmark residential address for the growing Varsity Lakes community.

Located at 22 Lake Street, Varsity Lakes, <a href="https://www.apartments.com.au/new-apartments/como-varsity-lakes-22-lake-street-varsity-lakes-qld-4227">COMO</a> will comprise 156 apartments across 16 levels, comprising one-, two- and three-bedroom residences designed for modern living. However, it is the project’s rooftop amenity offering that sets COMO apart.

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Designed as a dedicated wellness and recreation hub, the rooftop will feature a 25-metre lap pool, fully equipped gymnasium, and multiple pickleball and paddleball courts - amenities rarely seen in boutique apartment projects.

Residents will also have access to a sauna and plunge baths, while landscaped gardens and relaxation zones will provide tranquil spaces overlooking sweeping panoramic views across the Gold Coast skyline.

The rooftop precinct has been designed to function as the social and wellness heart of the development, encouraging residents to embrace an active, balanced lifestyle within their own building.

&nbsp;

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Red &amp; Co director David Laverty said the amenity offering was central to the project’s design from the outset.

“Amenities were at the forefront of our decisions,” Laverty said.

“Buyers today are looking for more than just an apartment - they want a lifestyle that promotes health, connection and balance.

“The rooftop at COMO has been designed to be the epicentre of that lifestyle, with a suite of wellness and recreation facilities that are quite unique for a boutique development of this scale.”

&nbsp;

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Designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, the residences prioritise liveability, featuring spacious layouts, 2.7-metre ceilings and high-quality finishes throughout.

The development sits beside Bond University, placing residents within walking distance of education, retail and dining options within the vibrant Varsity Lakes precinct, including Robina Town Centre, Varsity Lakes Train Station and a range of leading schools.

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Laverty said the location was a key driver behind Red &amp; Co’s decision to bring the project to the Gold Coast.

“<a href="https://www.apartments.com.au/developments/varsity-lakes-qld-4227">Varsity Lakes</a> was a clear choice for us to invest in as it’s a lifestyle hub that seamlessly blends lakeside living with urbanity,” he said.&nbsp;

“Como will capitalize on this great location, delivering a project that not only creates premium homes, but a lifestyle defined by community, wellbeing, and connectivity.”

Red &amp; Co has delivered more than 500 apartments and townhouses across 26 projects in Brisbane in recent years, with COMO marking the company’s first major Gold Coast development.

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Red & Co unveils amenity-rich Como development in Varsity Lakes

Greensborough

Just 17-kilometres from Melbourne’s city centre, <a href="/developments/greensborough-vic-3088">Greensborough</a> has developed into a suburb for everyone.&nbsp;

Combining lush greenery, convenient amenity and a lively entertainment hub, the leafy suburb is a suburban haven afforded with efficient public transport, easily <a href="/developments/greensborough-vic-3088">connecting the neighbourhood</a> to the wider <a href="/developments/melbourne-vic">Melbourne</a> region. &nbsp;

Home to sprawling parklands and scenic walking tracks, it is also a place to reconnect with nature and find time for serenity. With <a href="/developments/greensborough-vic-3088">Greensborough</a> Plaza, Hoyts cinema, and bustling Main Street also at hand, the <a href="/developments/greensborough-vic-3088">Greensborough community</a> enjoys a well-balanced and vibrant lifestyle.

Developer Citinova is one of few developers who has pinpointed the suburb as having the potential for future growth. Their apartment development, Albero, is soon to complete and stand as the only new apartment development in the suburb.

Read more:&nbsp;<a href="/news/vic/why-investors-are-looking-for-value-in-greensborough">Why investors are looking for value in Greensborough</a>

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Residents of Albero will be within close proximity to Greensborough’s generous transport offerings, with the newly developed Greensborough Station located just a short stroll away for residents needing to commute to the CBD.

The recent upgrades have not only improved connectivity to the city but also within the community, with a new covered pedestrian bridge improving connectivity to Para Road, the Plenty River Trail, as well as the local Greensborough shopping precinct.&nbsp;

Read more:&nbsp;<a href="/news/vic/the-downsizer-appeal-at-albero-greensborough">The downsizer appeal at Albero, Greensborough</a>

Greensborough Road and the Metropolitan Ring Road are also just moments away, providing greater connectivity to the city and the airport.&nbsp;

The new links will see residents access Greensborough Plaza in just a five-minutes walk, with the precinct home to a range of retailers, eateries, supermarkets and shopping outlets, as well as a Hoyts, and a number of banks and medical services.&nbsp;

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While offering the convenience of being close to local amenity, Albero is also afforded with the balance of being within walking distance to several walking trails, and green open spaces.&nbsp;

Poulter Reserve is adjacent to the site, while the Plenty River and its combined trail are also nearby, offering plenty of outlooks throughout.

Read more:&nbsp;<a href="/news/vic/the-team-behind-the-new-greensborough-apartment-development-albero">The team behind the new Greensborough apartment development, Albero</a>

Greensborough Park is a seven-minute walk away, with the park home to a number of reserves, as well as Greensborough Skatepark, Diamond Valley United Soccer Club, St Marys Tennis Club and Kalparrin Gardens, which has its own associated lake in Kalparrin Lake.&nbsp;

Families are also afforded plenty of educational opportunities within Greensborough, with Briar Hill Primary School and Montmorency Secondary College just down the road, while Greensborough College is a short five-minutes drive away.&nbsp;

Albero is slated for completion in Q4 2023, with buyers moving in shortly after.

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Developer Citinova is one of few developers who has pinpointed the suburb as having the potential for future growth

alisonwarters@gmail.com

“Futureproofing for generations to come”: Why Albero Greensborough apartments present a unique offering

Albero Apartments in Greensborough have been capturing the attention of local buyers, signalling a successful venture for developers Citinova.

The residential development, a collaboration between InvoDesign, Point Architects, and Biasol, is set to provide contemporary and elevated living in a serene environment, surrounded by lush greenery and sprawling tree scapes.

Notably, downsizers have emerged as a significant portion of the buyers, drawn to the appeal of Albero.

One such local buyer, Kathy, recently made the decision to downsize from her family home and opt for a two-bedroom, two-bathroom apartment at Albero.

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Despite being new to the concept of purchasing off the plan, Kathy expressed her satisfaction with the process thus far.

"I signed a contract for a two-bedroom, two-bathroom apartment at Albero back in August 2021," Kathy revealed.

"The apartments met all my requirements, boasting two bathrooms, a spacious balcony, and delightful views, while still being conveniently located near trains, bus stops, shops, a pool and gym, and restaurants."

When asked about her decision to choose Albero, Kathy explained, "I opted for Albero as I believe it had a good design, with nice finishes, and it just seemed like a quality product."

Initially uncertain about purchasing off the plan, Kathy discovered that once construction commenced, everything fell seamlessly into place.

"I was a bit hesitant to buy off the plan, but once construction started, it was all systems go," she said.

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For Kathy, the choice to invest in Albero was primarily motivated by its location and the development's commitment to quality. As a local resident, she desired to downsize within a familiar area and found that Albero offered precisely what she was seeking in terms of design, location, and overall excellence.

Prospective buyers still have the opportunity to acquire one or two-bedroom apartments within the development, with the first residents expected to move in during the upcoming spring season.

The one-bedroom apartments are priced from $470,000, featuring 63 sqm of space, one bathroom, and one car space.

The two-bedroom apartments start at $630,000, spanning from 83 through to 89 sqm, and encompassing two bathrooms and one car space.

&nbsp;

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The downsizer appeal at Albero, Greensborough

It's the last chance to buy at CitiNova's Albero Greensborough at the lowest price, with increases of between $20,000 to $35,000 per apartment set to come into effect on April 25.

Albero, in the heart of Greensborough, 17 kilometres north-east of Melbourne, has been popular among both owner-occupiers and investors given the rarity of a new apartments in the small nature-filled suburb.

At the moment prices for one-bed apartments start from $460,000, and two-beds from $625,000.

<a href="/news/vic/why-investors-are-looking-for-value-in-greensborough">Read more:&nbsp;Why investors are looking for value in Greensborough</a>

&nbsp;

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Citnova engaged&nbsp;InvoDesign, Point Architects and Biasol to design the 45-apartment project, which is set to welcome residents by Spring.&nbsp;

Albero promises to offer contemporary, elevated living in a serene setting, surrounded by breathtaking greenery and sprawling treescapes. The residences have been designed with a keen focus on the finer details and high-quality finishes to provide maximum comfort and functionality to its residents.

Biasol, an interior design firm, was responsible for the interiors of Albero, creating a sense of home within the locality of Greensborough.

&nbsp;

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The design of the apartments was guided by the surrounding landscape, rich in Australian natives and character, to provide a sustainable and timeless design.

Each residence at Albero features energy efficient appliances, use of recycled rainwater, and expansive double-glazed windows that allow for an abundance of natural light to flood in and illuminate the interior spaces.

The result is an environmentally friendly and luxurious living space that promises to cater to the needs of modern-day residents.

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At the moment prices for one-bed apartments start from $460,000, and two-beds from $625,000

Last chance to buy before price increase at Albero Greensborough apartments

Infrastructure and population growth are the two key factors when property investors look at suburbs to invest their money.

Of course there are a number of other drivers, such as rental yield and vacancy rate, but population and its growth forecast somewhat drives those two numbers.

Greensborough, in the City of Banyule in Melbourne's East, falls into a Victorian Government high priority precinct, which is attracting investors to the suburb.

There's expected to be a seven per cent increase in population by 2027 in the City of Banyule, and 12 per cent by 2036. As population grows, housing demand intensifies.

Seeking to take advantage of the forecasted population growth is property developer Citinova, whose Albero apartment development is the only project on the market in the area.

&nbsp;

The 45-apartment development is slated for completion in Spring 2023, and investors are looking at Greensborough's strong vacancy rates, under one per cent in the local area.

Greensborough's median rental price for a two-bedroom apartment is $411, according to SQM Research.

Albero apartments start from $460,000 for the one-bedroom product, and $625,000 for the two-bed apartments.&nbsp;

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Given Greensborough is a Victorian Government high priority precinct, there are a number of government-led infrastructure projects, namely increased transport links.

Work is set to begin on Greensborough's new modern station, which will see services run from the new station every seven minutes. The track will be duplicated between&nbsp;Greensborough and Montmorency and between Diamond Creek and Wattle Glen, to allow more trains to run more often.

Victoria's Big Build worked with local&nbsp;Greensborough residents to talk through the design of the station. They wanted a modern station with natural and earthy tones, as well as native vegetation. There will be 130 solar panels and a rainwater tank as part of the new station building to improve sustainability.

While maintaining a leafy suburb-vibe, Greensborough has a robust local economy. Nearly half of the population earn over $1000 a week and are looking for a home close to work, Citinova suggest.

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The City of Banyule’s economy has consistently grown over the past decade, from a Gross Regional Product (GRP) of $4.7 billion in 2007 to $5.7 billion in 2017.

Greensborough itself is home to a range of businesses and industries, including healthcare, retail, and hospitality, all of which contribute to a strong and stable local economy.&nbsp;

The area has several shopping centres, including Greensborough Plaza, which is home to over 180 specialty stores and major retailers such as Coles and Target.

It's also home to a number of local cafes and restaurants, parks, and recreational facilities such as the Greensborough Football Club and the Greensborough Tennis Club, making it an attractive location for families.

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Seeking to take advantage of the forecasted population growth is property developer Citinova, whose Albero apartment development is the only project on the market in the area

Why investors are looking for value in Greensborough

CitiNova has brought together quite a team to deliver their latest residential development.&nbsp;

The Greensborough project, Albero has been designed by InvoDesign, Point Architects and Biasol, delivering a collection of 45 residences, set amongst verdant surroundings in addition to a suit of enviable amenity.

Each of the residences have been conceived to maximise on space, with a focus on the finer details and high-quality finishes.&nbsp;

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Biasol handled the interiors of Albero, who encapsulated a sense of home within the locality of Greensborough, with the design of the apartments guided by the surrounding landscape, rich in Australian natives and character.&nbsp;

The modern palette exudes warmth and achieves visual distinction with a focus on balance and serenity. Finer details found in the subtle terracotta or olive-green accents bring a sense of nature into the spaces, weaving the overarching inspiration of Albero in every detail.

Offering a sustainable and timeless design, each residence at Albero features energy efficient appliances, use of recycled rainwater and expansive double-glazed windows that allow for an abundance of natural light to flood in and illuminate the interior spaces.&nbsp;

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Generously sized balconies act as an extension of the homes and allow for exceptional indoor-outdoor living, along with dedicated communal spaces specific to the top two levels and an additional shared terrace for all to enjoy.

Designed with functionality in mind, the kitchens feature ample storage making hosting dinners effortless and enjoyable, while expansive balconies offer an al fresco dining experience in each home.&nbsp;

The master suites have been designed as a retreat, with built-in wardrobes, expansive windows allowing an abundance of natural light, as well as generously-sized ensuites.&nbsp;

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The bathrooms incorporate floor-to-ceiling tiles, with buyers able to select between a dark or light colour scheme. Each combines satin nickel or matte black fixtures, along with ample storage and frameless glass, forming an aesthetically pleasing space while still being functional. &nbsp;

The development is currently under construction by DCS Built, with completion slated for Spring 2023.

Buyers also only have a limited amount of time remaining to select the colour finishes in their apartment, with the ability to customise ending on January 23.&nbsp;

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Inside the Albero apartments: How Biasol created a connection to the Greensborough locale

The collaboration of four Australian firms, Citinova, InvoDesign, Point Architects, and Biasol, has brought the latest residential development to Greensborough.

Created as “more than just a home”, but rather a sanctuary, Albero presents a collection of 45 one, two and three-bedroom apartments to the leafy Melbourne suburb.

Citinova have long specialised in the residential development space, while also developing hotels, commercial, and industrial buildings to be a major player in the diversified property space.&nbsp;

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The group has a&nbsp;number of projects in the pipeline, including two commercial office projects planned for&nbsp;Werribee. Citinova has developed the&nbsp;Richmond townhouse project, Glassworks, the masterplanned West Pines, the Brooklyn Interchange,&nbsp;as well as&nbsp;the revitalisation of the Ford Cambellfield employment hub.&nbsp;

“We were inspired to undertake this project because we saw it as the perfect opportunity to create not just a home, but a home that inspires a strong sense of place, embracing all that the location has to offer,” they say about Albero.

“We understand what home is, so we put together a team that genuinely cares about liveability and creating a lasting impression, to of fer homeowners something special that truly embraces its surroundings and the convenience of its location.”

&nbsp;

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Albero has been designed in&nbsp;collaboration between Melbourne locals, Point Architects and Invo Design.

Established in 2000, the Melbourne Architects Point are a multi-disciplined practice, who say Albero was designed with the understanding of residents’ needs, a thoughtful design concept, and a consideration of construction within the Greensborough locale.

“This process allowed us to create a building that sits harmoniously within the surroundings and will stand the test of time,” they said.

Invo Design are a boutique full-service architecture firm, who have designed a number of projects across Melbourne, as well as interstate, including the multi-residential, Parkside Apartments and the masterplanned, Largs North.

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“The intent for Albero was to create a landmark building that still responded to its outer-city urban context and setting,” Invo say. &nbsp;

“Careful consideration was given to the existing streetscape and it’s surroundings to create a unique and tasteful vision as to what the new benchmark in Multi residential design for the municipality should aspire to be.”

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Created as “more than just a home”, but rather a sanctuary, Albero presents a collection of 45 one, two and three-bedroom apartments to the leafy suburb.



The team behind the new Greensborough apartment development, Albero

Construction is underway at the new Greensborough apartment development, Albero, in the leafy suburb north-east of Melbourne.

Albero will comprise 45 contemporary residences developed by Citinova, with the design a collaboration between prominent architecture firm Point Architects and designers InvoDesign and Biasol.

The development, 17 kilometres from Melbourne and set in the growing suburb which blends greenery, amenity and a lively entertainment hub, was designed to connect to its wider surroundings.

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“Albero is conceived through a deep understanding of its local context, we wanted to encapsulate a sense of place within the interior design with a strong connection to the abundant parklands of Greensborough and design a life with all the necessities to live simply, in comfort and style,” Biasol said when discussing the vision for the residences.

Comprising a sculpted façade, forming the illusion of a floating exterior, Alberto displays a silhouette form, with bold linework that frames the development amongst the setting. &nbsp;

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Soft timber accents and natural finishes have also been incorporated to complement the leafy surrounds and bring a sense of nature to the residences.

With sustainability at the forefront of the design, each residence at Albero features energy efficient appliances, use of recycled rainwater and expansive double-glazed windows that allow for an abundance of natural light to flood the interior spaces.

Green landscaping cascades down the façade, providing a visual connection to the surrounding parklands, while the generously sized balconies act as an extension of the homes, allowing for indoor-outdoor living.

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The top two levels of Albero will be dedicated to open communal spaces.

One, two and three-bedroom apartments are available at Albero, which is expected to be completed by mid-2023.

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The development, 17 kilometres from Melbourne and set in the growing suburb which blends greenery, amenity and a lively entertainment hub, was designed to connect to its wider surroundings


Construction commences on Greensborough's Albero apartment development

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A Chinese investor has paid $2.95 million on a tight 4.4 per cent yield for a fully leased property in Melbourne’s Greensborough with development potential, in a deal brokered by Savills. 
The <a href="https://www.realcommercial.com.au/property-retail-vic-greensborough-502077854" target="_blank">86-90 Main Street</a> property comprises three shops on a single level totalling 350 square metres on a 682 square metre site with ten car parks.
The property resides in the Main Street retail precinct and Greensborough Activity Centre redevelopment, and is directly opposite Greensborough Plaza.  
It was sold with a current net rental of $130,240, and at a land rate of $4,325 a square metre.
The selling agents were Nick Peden and Jesse Radisich of Savills.
“This property offered secure income from three longstanding tenants with excellent main street exposure in a fantastic location,” said Peden.
“It is also in the centre of a major retail and commercial precinct in Greensborough’s central activity centre and as such offered excellent potential development upside.’’ 
The Greensborough centre has already seen the completion of a $50 million aquatic centre and several commercial/retail projects, while development plans in the pipeline include approved mixed-use projects in Main Street of up to seven levels. 
Public transport such as Greensborough Railway Station and bus services were within easy distance.
"This was the perfect retail investment and land banking opportunity in one of Melbourne's most active retail hot-spots and the price reflected that,’’ Radisich said.
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