The residential transformation of St Kilda Road is set to continue into with more new apartment plans for the sought-after boulevard.

Wing Tai Asia has lodged plans for a major residential tower at 464-466 St Kilda Road, replacing the former VACC House with an 18-storey mixed-use development designed around a retained heritage podium and a sculpted contemporary tower.

The proposal, prepared under Victoria’s Significant Residential Development with Affordable Housing pathway, would deliver 325 apartments and ground-floor retail across the prominent 4,653 sqm boulevard site in Melbourne’s St Kilda Road North Precinct.

The project centres on the adaptive reuse of the site’s heritage-listed VACC Building, an eight-storey office designed by Bernard Evans that has occupied the address for decades. Planning documents state the development would involve “carefully dismantling and conserving off-site the original metal fabric of the podium visible from St Kilda Road,” before reinstating it as the defining frontage of the new scheme.

Above the restored podium, Wing Tai is proposing a curvilinear residential tower. The scheme includes 172 one-bedroom apartments, 63 two-bedroom apartments, 66 three-bedroom apartments, and 24 four-bedroom apartments, alongside two ground-floor food and beverage tenancies fronting St Kilda Road.

The tower has been designed with substantial articulation and variable setbacks to minimise perceived bulk and maintain view corridors along the boulevard. Urbis, which prepared the planning report, said the design “has been significantly articulated through a curvilinear design” with “an interplay with materials, façade expression and depth” to create visual separation and visual interest.

The proposal also includes 254 basement car spaces, landscaped pedestrian links connecting St Kilda Road and Queens Lane, and a biophilic landscape strategy featuring canopy trees, raised planters, cascading greenery and a glass oculus pool overlooking the eastern frontage.

Planning documents confirm the $270.1 million development will contribute 3 per cent of project costs to the Social Housing Growth Fund as part of the application process.

Wing Tai acquired the St Kilda Road property in 2018 alongside Abacus Property Group for $95.38 million, before later consolidating ownership of the site. The property previously served as the Victorian Automobile Chamber of Commerce headquarters for around 60 years.

The transformation of the St Kilda Rd boulevard is already beginning to materialise, with a number of high-profile projects recently completed, launched, or approaching launch as developers continue to back the long-term appeal of the precinct.

Among the most notable recent completions is Louise by Samuel Property Group, just off the strip on Queens Lane, the same pocket Hirsch &amp; Faigen recently launched The Queensbury. Mirvac is too on the same street with The Albertine, which is approaching completion.

Dexus recently secured approval for its slice of St Kilda Road, while Gurner also has approved plans for the precinct.

Joel Robinson

Wing Tai unveils 325-apartment St Kilda Road tower on former VACC House site

Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
</section>
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[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

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;

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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.”

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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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