A long-awaited transformation of a former industrial site in Holroyd has been given the green light, with the NSW Government approving the $1.2 billion Crescent Parklands masterplan that will deliver more than 1,200 new homes just south of Parramatta.

The State Significant Development approval clears the way for a large-scale mixed-use precinct at <a href="https://www.apartments.com.au/new-apartments/1-crescent-street-holroyd-nsw-2142">1 Crescent Street</a>, replacing an underutilised site with a coordinated residential community anchored by new open space, retail, and commercial uses.

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> for WA-based developer Tiberius, the approved scheme comprises seven buildings arranged across two precincts. In total, the development will deliver 1,227 apartments, including 201 allocated as affordable housing, alongside approximately 2,500 sqm of retail and 5,000 sqm of commercial space within a mixed-use podium.

<img alt="Tiberius’ Crescent Parklands to deliver 1,200+ homes in major Holroyd transformation" data-entity-type="file" data-entity-uuid="1cc82dd2-8184-4b86-8665-90653147820d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Crescent%20buildings.png?VersionId=2ZmVDc_Rfc4AzQ6ShzZJlvdZnACLerVM" />

The project is structured as a masterplanned precinct rather than a standalone tower. Buildings 1 to 4 will rise from a shared podium with shop-top housing, while Buildings 5 to 7 are positioned closer to the northern park interface as residential flat buildings. The built form has been carefully modulated to balance density with amenity, with the design resolving building separation, solar access, and wind impacts at a precinct scale.

A significant focus of the design is the activation of Crescent Street and the integration of public domain. The submission notes that “individual townhouses [were] removed for community based functions to Crescent Street to increase activation and surveillance,” reinforcing a more urban and publicly engaged street edge. Retail, commercial tenancies, and resident amenity spaces are concentrated along this frontage and within the podium to support day-to-day activity.

The landscape strategy underpins the project’s identity, with a network of pedestrian connections, landscaped corridors, and open spaces linking the site internally and to its surroundings. The design prioritises permeability, delivering “increased uninterrupted flow between spaces for pedestrian access” and improved connections through to the adjoining parklands.

<img alt="Tiberius’ Crescent Parklands to deliver 1,200+ homes in major Holroyd transformation" data-entity-type="file" data-entity-uuid="19282454-ab2f-4e2c-866f-4b35cf4283d4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Crescent%20masterplan.png?VersionId=JQdWGYI5B5R1lzmK4omYOp_8KLPkT4Bv" />

Buildings within the western precinct are oriented toward the park, shaping a residential offering defined by proximity to open space. The design describes this approach as creating apartments “immersed in nature with apartments facing the park,” positioning the landscape as a central organising element of the masterplan.

The broader architectural response addresses both infrastructure and context, with taller elements capturing long-range views toward Parramatta while setbacks and separation distances mitigate impacts on surrounding residential areas. Sustainability initiatives, including solar optimisation, cross-ventilation, and integrated landscape systems, are embedded across the scheme.

Located approximately one kilometre south of Parramatta CBD, the 3.6-hectare site is bounded by Crescent Street, Woodville Road, and Holroyd Sportsground. It benefits from strong access to public transport, including nearby bus routes and train stations, and sits within a rapidly evolving corridor earmarked for increased residential density. The design also strengthens connections between surrounding green spaces, including Holroyd Sportsground and Parramatta Parklands.

The approval follows several years of planning, including a rezoning process that enabled significant uplift in height and density across the site. With determination now secured, Crescent Parklands is positioned to play a major role in delivering new housing supply within Greater Parramatta’s growth area.

Joel Robinson

Tiberius’ Crescent Parklands to deliver over 1,200 homes in major Holroyd transformation

A new State Significant Development application has been lodged over land at <a href="https://www.apartments.com.au/new-apartments/33-43-marion-street-parramatta-nsw-2150">33–43 Marion Street</a>, Parramatta, proposing a high-rise mixed-use tower that leverages planning incentives to deliver a substantial pipeline of new housing, including a dedicated affordable component.

The scheme, currently on exhibition, combines a shop-top housing development with a concurrent rezoning, positioning the site for a significant uplift in density within Parramatta’s evolving southern CBD fringe.

The proposal, designed by <a href="https://www.apartments.com.au/architects/fuse-architecture-0">Fuse Architects</a> for CN Marion, would replace the existing buildings with a 37-storey mixed-use tower, delivering 296 apartments above a retail podium with six basement levels on the 2,376 sqm site.

The residential mix comprises 58 one-bedroom, 207 two-bedroom, and 31 three-bedroom apartments, with communal facilities located on the second level and the rooftop. Ground-level activation is driven by retail and food and beverage tenancies, alongside a publicly accessible through-site link designed to improve pedestrian permeability.

The project includes 194 car spaces, five motorcycle spaces, and 348 bicycle spaces, reflecting a transit-oriented approach in a location directly adjacent to the rail corridor and within walking distance of Harris Park Station.

<img alt="First Look: Plans lodged for 37-storey mixed-use tower with affordable housing at 33–43 Marion Street, Parramatta" data-entity-type="file" data-entity-uuid="3db873ea-62f0-437b-8a6a-eeda154d2dee" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Marion%20building.png?VersionId=YwzBv8OVHwyRnMLGX4slU7QyhTyMZeOX" />

The design adopts a podium-and-tower composition, with a three-storey street wall addressing Marion Street and a reduced two-storey interface responding to adjoining heritage cottages.

A key component of the proposal is the integration of affordable housing under the NSW Government’s in-fill affordable housing pathway, with units to be retained for a minimum of 15 years. This is paired with a broader public domain strategy that emphasises permeability, deep soil planting, and a landscaped through-site link.

“The strategy prioritises a permeable, well-activated public realm and supports a compact tower form to minimise the building’s footprint while enhancing the quality of the ground-level experience,” the design report states.

The proposal includes a central landscaped courtyard, rooftop communal areas, and planting strategies aligned with local environmental conditions and cultural narratives.

<img alt="First Look: Plans lodged for 37-storey mixed-use tower with affordable housing at 33–43 Marion Street, Parramatta" data-entity-type="file" data-entity-uuid="f0e6c165-9967-4d20-9216-e5b8357c85ba" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Marion%20site.png?VersionId=SRod222LwgDmGZJmJY0wTbK39UrWZLSD" />

The site occupies a prominent corner of Marion and Station streets, roughly 100 metres from Harris Park Station, within a precinct earmarked for significant intensification. While the immediate context is characterised by low- to mid-rise buildings and heritage dwellings, planning controls and recent proposals point to a transition toward high-density development.

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Parramatta has been starved of new apartment supply in recent years. Builder-developers Deicorp and Coronation are the only two currently progressing projects in the suburb. Coronation is nearing completion of <a href="https://www.apartments.com.au/new-apartments/8-phillip-street-2-10-phillip-street-parramatta">8 Phillip Street</a>, which will be the tallest building in Western Sydney once finished, while Deicorp is delivering <a href="https://www.apartments.com.au/new-apartments/cosmopolitan-by-deicorp-parramatta-34-hassall-street-parramatta-nsw-2150">Cosmopolitan</a>, a development comprising over 600 apartments.
</section>

First Look: Plans lodged for 37-storey mixed-use tower in Parramatta

A substantial uplift in height and density is being tested in Lane Cove, with a 225-apartment scheme at 300 Burns Bay Road now on public exhibition as a State Significant Development alongside a concurrent rezoning.

The proposal by <a href="https://www.apartments.com.au/developers/level-33">Level 33</a> would see the demolition of an existing commercial building and associated structures, replaced by a residential development ranging from seven to 15 storeys.&nbsp;

The scheme delivers 225 apartments, including 34 designated as affordable housing, positioning it within the NSW Government’s accelerated Housing Delivery Authority pathway.

The development is arranged as three interconnected residential flat buildings, a response to the site’s long, narrow configuration and sloping topography.&nbsp;

<img alt="First look: 225-apartment Lane Cove tower proposal enters exhibition under State Significant pathway" data-entity-type="file" data-entity-uuid="c325d40c-ead5-45f4-9d77-5a446b23acc0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Lane%20Cove%20pers.png?VersionId=hsCJxT5hj.5kzA6AMInyan1x8mcHeRez" />

<a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a>, the project’s designer, describe a built form that is “divided into three sections, each connected by intermediate infill slots which are recessed to establish greater setbacks and further articulate the development.”

Across the scheme, apartments are supported by communal amenity at ground and rooftop levels, including landscaped open space and a rooftop pool. Basement and lower ground levels accommodate parking, storage, and building services, while a new public park is proposed along the eastern edge of the site, replacing part of the existing built form.

The architectural response has been shaped by the site’s pronounced fall towards the Lane Cove River, with building heights stepping down from west to east to reduce visual bulk and respond to adjoining bushland.&nbsp;

The design report notes that “the development has been carefully designed to integrate with the existing topography with the placement of massing and floor levels adjusted respecting the site’s inherent characteristics.”

<img alt="First look: 225-apartment Lane Cove tower proposal enters exhibition under State Significant pathway" data-entity-type="file" data-entity-uuid="31cc13a5-bc8b-4dc3-b9b1-07c6ec33a82b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Lane%20cove%20site.png?VersionId=NiyH3LimQwiHsE6Q7I5g4Grpr5fRdZaX" />

The project is being advanced through a concurrent rezoning process, seeking to increase the permissible height and floor space ratio beyond current Lane Cove LEP controls of 21 metres. Under the proposal, height would reach up to 54.5 metres, reflecting a shift toward higher-density outcomes in well-located urban areas.

Located on a 7,595 sqm site, the development sits within an established high-density residential pocket characterised by mid-rise apartment buildings set within a bushland setting. The site is within close proximity to Burns Bay Reserve, the Lane Cove River, and an extensive network of open space, reinforcing its strategic positioning for increased housing supply.

Level 33 is doing through the Housing Delivery Authority to try and get its Homebush project of <a href="https://www.apartments.com.au/news/nsw/level-33-adds-to-2-000-unit-pipeline-with-new-two-tower-homebush-plans">more than 300 apartments approved</a>.

The developer has over 2,000 apartments in the pipeline, predominantly in Wollongong.

First look: Level 33 proposes 225-apartment Lane Cove tower

Following the completion of its debut Palm Beach apartment development EVA on Tenth, local Gold Coast developer Chippendale Group has launched its latest project in the in demand area.

Chippendale Group, led by fifth-generation Palm Beach local Daniel Chippendale, has kicked off sales at&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://www.apartments.com.au/new-apartments/elise-palm-beach-3-twenty-fifth-avenue-palm-beach-qld-4221&amp;source=gmail&amp;ust=1775884443343000&amp;usg=AOvVaw2GyxnGQKU2XXwTzQ8_VHgi" href="https://www.apartments.com.au/new-apartments/elise-palm-beach-3-twenty-fifth-avenue-palm-beach-qld-4221" target="_blank">ELISE</a>, 68 coastal-infused apartments just 40 metres from the sand on Twenty Fifth Avenue.

[smartcode_project:default project_id=150992 project_image_fid=366023]

Construction is already well underway, a signal of confidence to buyers, following the demolition of the two-storey walk-up and 1990s built house that sat on two sites that have been amalgamated to create a prime corner block.

There are a mix of two- and three-bedroom apartments on offer, starting from $1.4 million.

[smartcode_project:default project_id=150992 project_image_fid=366024]

Designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, Elise responds to its coastal setting through a horizontal architectural form with recessed glazing and layered landscaping. The design aims to balance light, shade and sea breezes while creating a defined presence along the streetscape.&nbsp;

Residences have been planned with an emphasis on outdoor living suited to the Gold Coast climate, including large balconies designed as usable outdoor rooms. Interiors will feature a selection of European appliances and natural materials, including New Zealand wool carpets.&nbsp;

[smartcode_project:default project_id=150992 project_image_fid=366033]

Resident amenities are centred around a wellness-focused ground-level precinct. There will be private access to a heated swimming pool, sauna, cold plunge and gym, alongside a residents’ lounge with dining and entertaining space.&nbsp;

<a href="https://www.apartments.com.au/new-apartments/elise-palm-beach-3-twenty-fifth-avenue-palm-beach-qld-4221">ELISE</a> is located towards the northern end of Palm Beach, which puts it just a short walk to Tallebudgera and Currumbin Creeks. At the end of the street is the newly extended Oceanway, a 36-kilometre pathway that runs up and down the Gold Coast.

Chippendale is targeting a late 2027 completion date for <a href="https://www.apartments.com.au/new-apartments/elise-palm-beach-3-twenty-fifth-avenue-palm-beach-qld-4221">ELISE</a>.

[smartcode_project_cta:default project_id=150992]

Chippendale Group launches Elise, 40 metres from the Palm Beach sand

Sydney developer <a href="https://www.apartments.com.au/new-apartments/31-41-o-hara-street-marrickville-nsw-2204">Third.i</a>&nbsp;has announced a new transport-oriented development in one of Sydney Inner West’s most sought-after metropolitan locations, delivering much needed housing within steps of world-class public transport and vibrant village life.

Located at&nbsp;31-41 O’Hara St,&nbsp;Marrickville, the proposed mixed-use development will include around 300 apartments, with up to 17 per cent dedicated to affordable housing, reinforcing Third.i’s commitment to creating inclusive, well-connected communities that support a diverse mix of residents who keep Sydney’s neighbourhoods thriving.

Located just 100 metres from the new Metro station, the development places residents within minutes of the CBD while offering seamless access to the Inner West’s cafés, retail, and local services. Anchored within a thriving local centre, the project supports everyday living without reliance on cars, while also delivering new public open space for the local community, including a new park and landscaped green areas, alongside high-quality private resident amenities.

Florian Caillon, Head of Acquisitions for Third.i Group, said the project builds on the company’s ongoing work alongside the NSW Government to deliver housing and amenity alongside major transport infrastructure. Amenity includes an activated pedestrianise retail strip that connects Illawarra Road down to the pocket park, and health and wellness facilities.&nbsp;

“Delivering housing of this scale within an established village is a rare opportunity, and few companies have achieved residential outcomes of this size at a village centre," Caillon said.

"We are excited to set a new standard for urban living in the heart of Marrickville,” he said.&nbsp;

The inclusion of affordable housing has been welcomed by frontline workers.

“We are supportive of developments which will allow essential workers like nurses, midwives and carers, the opportunity to live in the communities they care for," said&nbsp;Michael Whaites, General Secretary of the NSW Nurses and Midwives’ Association..

“Many healthcare workers tell us they would like to live closer to where they work, but are being priced out of the market, forcing them to move further away.&nbsp;

“Dedicated apartments for essential workers will support recruitment and retention in local hospitals and aged care facilities, helping to strengthen our health system.”

The project has been declared State Significant Development (SSD) by the Housing Delivery Authority (HDA).

Third.i to deliver 300 apartments in Marrickville TOD precinct

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>

[smartcode_project:default project_id=4722 project_image_fid=212352]

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;

[smartcode_project:default project_id=4722 project_image_fid=214184]

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.

[smartcode_project_cta:default project_id=4722]

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.

[smartcode_project:default project_id=4722 project_image_fid=212352]

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.

[smartcode_project:default project_id=4722 project_image_fid=192840]

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;

[smartcode_project_cta:default project_id=4722]

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;

[smartcode_project:default project_id=4722 project_image_fid=212352]

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;

[smartcode_project:default project_id=4722 project_image_fid=192840]

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.

[smartcode_project_cta:default project_id=4722]

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;

[smartcode_project:default project_id=4722 project_image_fid=192840]

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.

[smartcode_project:default project_id=4722 project_image_fid=192839]

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.

[smartcode_project_cta:default project_id=4722]

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;

[smartcode_project:default project_id=4722 project_image_fid=205519]

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;

[smartcode_project:default project_id=4722 project_image_fid=192839]

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;

[smartcode_project:default project_id=4722 project_image_fid=192838]

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;

[smartcode_project_cta:default project_id=4722]

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;

&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.”

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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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