Melbourne off the plan apartments

Some of Melbourne’s most respected names in property are coming together to deliver something truly special—right in the heart of the city’s coolest suburb, and on arguably its coolest street.

Joint venture partners Chapter Group and Crema Group are behind <a href="https://www.urban.com.au/new-apartments/fitzroy-fitzroy-411-421-smith-street-fitzroy-vic-3065">Fitzroy Fitzroy</a>, a striking new apartment development on Smith Street. The project blends heritage charm with bold contemporary design by DKO, incorporating the restored façade of the former McRoberts garage and workshop.

Renowned construction firm Cobild is well underway with the build of the nine-level building that will house 63 apartments.

We recently toured the display suite with Taylor Dow of DOW Real Estate to get an inside look at what Fitzroy Fitzroy has to offer.

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“<a href="https://www.urban.com.au/new-apartments/fitzroy-fitzroy-411-421-smith-street-fitzroy-vic-3065">Fitzroy Fitzroy</a> will be a new architectural landmark when it’s completed in early 2026,” Dow says.

“It’s a sculptural response to its surroundings,” Dow adds, noting how the form has been deliberately crafted to capture natural light and maximise views across Melbourne.

The project blends contemporary design with deep respect for Fitzroy’s storied past, with angular rooftops and sharply defined edges.&nbsp;

[smartcode_project:default project_id=14394 project_image_fid=183063]

Buyers can choose from a mix of one-, two-, and three-bedroom apartments, along with a collection of townhomes.&nbsp;

Each residence is available in a range of colour schemes, all drawing inspiration from Fitzroy’s rich cultural palette, inspired by the culture and character of Fitzroy.

&nbsp;

[smartcode_project:default project_id=14394 project_image_fid=1011]

Location is everything, and Fitzroy Fitzroy is enviably positioned. With a walk score of 96, it’s the second most walkable neighbourhood in Melbourne.&nbsp;

“It’s at the heart of what makes the suburb one of the city’s most popular,” Dow says.&nbsp;

The Smith and Johnston Street interchange is steps away, along with a vibrant mix of cafes, wine bars, restaurants, and direct transport links to the CBD and Fitzroy Gardens.

&nbsp;

The development also integrates seamlessly at street level, with the ground floor of the heritage façade set to host a selection of hospitality and retail brands, reinforcing its role as a new local hub.

[smartcode_project:default project_id=14394 project_image_fid=183064]

Fitzroy Fitzroy has been one of the most successful selling projects in the area, with over 70 per cent of apartments spoken for, including the sprawling penthouse that was snapped up for a suburb record $10 million. A further $3.5 million is being spent on its custom fit-out.

Cobild is expecting to complete construction in Q4 2025, with residents moving in shortly after

[smartcode_project_cta:default project_id=14394]

We recently toured the display suite with Taylor Dow of DOW Real Estate to get an inside look at what Fitzroy Fitzroy has to offer

Joel Robinson

Fitzroy Fitzroy: A heritage-inspired new landmark in Melbourne’s coolest suburb

Boutique Melbourne developer <a href="https://www.urban.com.au/developers/carpe-group">Carpe Group</a>&nbsp;is teaming up for the fourth time with joint venture partner ICON Developments to enter the new apartment market in Hawthorn.

The duo is planning a low-rise block of 32 two- and three-bedroom apartments on a prime 3,680 sqm site on Robinson Road, just a short walk from Riversdale Road and located midway between the centres of both Hawthorn and Camberwell.

<img alt="Robinson Road" data-entity-type="file" data-entity-uuid="5c3b61e6-c6d3-47e6-aebc-d379f0ddcadc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-06-23%20at%204.34.29%E2%80%AFPM.png?VersionId=OBSttx0Nmm2DGxrbDOaoc4WVefxPh4li" />

Designed by acclaimed architecture studio <a href="https://www.urban.com.au/architects/powell-glenn">Powell &amp; Glenn</a>, the low-density development is expected to cater predominantly to owner-occupiers—Carpe's primary target market. The majority of the 32 apartments will feature three bedrooms.

The architectural design aims to reflect Hawthorn’s established residential character, integrating seamlessly with the surrounding streetscape in a modern apartment setting. The building will be set within landscaped gardens designed by renowned landscape architect <a href="https://www.urban.com.au/landscape-architect/myles-baldwin-design">Myles Baldwin</a>.

Carpe founders Tim Campbell and Stuart Kacir hope to secure planning approval later this year, with plans to launch the project to market in early 2026. They are expecting to complete the building in mid-2028, pending approvals.

<img alt="23-27 Robinson Road, Hawthorn" data-entity-type="file" data-entity-uuid="c32f8562-763c-4904-a0b3-8add63967981" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Image21.jpg?VersionId=JaOGkrObp67rhfJI.9xIwPSnTd57lc4S" />

Carpe previously partnered with ICON Developments on Grandview in Brighton, a boutique development of just 10 apartments completed in 2023. They are currently delivering <a href="https://www.urban.com.au/new-apartments/ocean-house">Ocean House</a> in Hampton—18 apartments located just one street back from Hampton Street—which have proven particularly popular with local downsizers.

Carpe currently has <a href="https://www.urban.com.au/new-apartments/studley-park-residences-kew-85-studley-park-road-kew-vic-3101">Studley Park Residences</a>, a collection of 31 apartments in the heart of Kew, on the market, as well as <a href="https://www.urban.com.au/new-apartments/the-coterie-sandringham-49-51-abbott-street-sandringham">The Coterie</a>, a 25-apartment development in Sandringham. They have another project in planning, <a href="https://www.urban.com.au/new-apartments/53-57-cambridge-street-collingwood-vic-3066">Cambridge Collingwood</a>, 27 apartments with ground-level retail, which is expected to secure approval later this year.

Designed by acclaimed architecture studio Powell & Glenn, the low-density development is expected to cater predominantly to owner-occupiers—Carpe's primary target market.

First look: Carpe Group and ICON Developments team up again for new downsizer apartments in Hawthorn

Developer&nbsp;<a href="https://www.urban.com.au/developers/rcorporation">R.Corporation</a>&nbsp;has launched the second and final tower in its mixed-use South&nbsp;Melbourne&nbsp;precinct.

<a href="https://www.urban.com.au/new-apartments/r-evolution-south-melbourne-253-normanby-road-south-melbourne-vic-3205">R.Evolution</a> follows in the footsteps of&nbsp;the highly successful <a href="https://www.urban.com.au/buildings/r-iconic-south-melbourne-259-normanby-road-south-melbourne">R.Iconic</a>, located on the western half of the prime Normanby Road site that&nbsp;<a href="https://www.urban.com.au/developers/rcorporation">R.Corporation</a>&nbsp;acquired nearly a decade ago.

The majority of the 456 apartments in the 31-level&nbsp;<a href="https://www.urban.com.au/buildings/r-iconic-south-melbourne-259-normanby-road-south-melbourne">R.Iconic</a>&nbsp;tower—designed by&nbsp;<a href="https://www.urban.com.au/architects/plus-architecture">Plus Architecture</a>— have sold, with just a handful of premium residences and townhouses remaining.

[smartcode_project:default project_id=150341 project_image_fid=1499]

R.Evolution continues in the same vein as its predecessor, offering a mix of one-, two- and three-bedroom apartments, townhouses and sub-penthouses.

Much like&nbsp;<a href="https://www.urban.com.au/buildings/r-iconic-south-melbourne-259-normanby-road-south-melbourne">R.Iconic</a>, which made headlines for its 30+ resident amenity offerings, including a rooftop running track, R.Evolution will add a host of new amenity.

The new 41-level tower includes a wellness Centre with a yoga and Pilates room, a second swimming pool, a magnesium spa and infrared sauna. Additionally, a co-working centre, table tennis tables, golf simulator, putting green, library, hotel-style lobby, private dining room and wine tasting room will also be added.&nbsp;

[smartcode_project:default project_id=150341 project_image_fid=1493]

R.Evolution also shares a podium with R.Iconic, giving R.Evolution residents access to the already established rooftop level—featuring a running track, indoor and outdoor gyms, sauna and steam room, dining pavilions, BBQ areas, fire pits, a children's playground, over an acre of Paul Bangay-designed gardens, and a pool.

Construction firm&nbsp;<a href="https://www.urban.com.au/news/maxcon-appointed-as-builder-for-adelaide-s-penny-place-development">Maxcon</a>&nbsp;has already commenced work on R.Evolution, with completion expected in 2027.

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<a href="https://www.urban.com.au/buildings/r-iconic-south-melbourne-259-normanby-road-south-melbourne">R.Iconic</a>&nbsp;was awarded Victoria’s Best Lifestyle Development at the 2023 PropertyGuru Awards—recognised not only for its extensive resident amenity offering, but also for its prime location at&nbsp;<a href="https://www.urban.com.au/developments/the-junction-nsw-2291">the junction</a>&nbsp;of South&nbsp;<a href="https://www.urban.com.au/developments/melbourne-vic">Melbourne</a>,&nbsp;<a href="https://www.urban.com.au/developments/southbank-vic-3006">Southbank</a>, Port&nbsp;<a href="https://www.urban.com.au/developments/melbourne-vic">Melbourne</a>, and the fringe of the CBD.

The entire precinct has been positioned as a "15-minute neighbourhood," with walking access to&nbsp;<a href="https://www.urban.com.au/developments/melbourne-vic">Melbourne</a>’s extensive tram network, South&nbsp;<a href="https://www.urban.com.au/developments/melbourne-vic">Melbourne</a>&nbsp;Market, and the&nbsp;<a href="https://www.urban.com.au/developments/melbourne-vic">Melbourne</a>&nbsp;Exhibition Centre.

R.Corp is hosting a Grand Launch event on Saturday, June 28, in the R.Evolution Display Suite at 52 Boundary Street, South Melbourne, between 10am and 4pm.

[smartcode_project_cta:default project_id=150341]

R.Corp is hosting a Grand Launch event on Saturday, June 28, in the R.Evolution Display Suite at 52 Boundary Street, South Melbourne, between 10am and 4pm

R.Corporation launches R.Iconic sister tower, R.Evolution

Consistency hasn’t been a word used to describe Melbourne’s property market in recent years — at least, not in a positive way.

For a time, it was consistently the worst-performing capital city property market nationally. While values rose across most of Australia, the Victorian capital not only lagged behind but even went backwards.

However, the tide has turned since the start of the year, with the market bottoming out around the same time the RBA delivered its first rate cut.

The June Home Value Index by Cotality (formerly CoreLogic) showed unit values grew by 0.4 per cent in May, continuing the same growth pattern seen in both March and April.

The off-the-plan property market has benefitted from the broader upswing — fuelled not only by rate cuts, but also by extended stamp duty concessions, increased construction confidence, and more new projects entering the pipeline.

&nbsp;

<h2>What happened in Melbourne’s off the plan apartment market in May?</h2>

May marked the extension of the VIC Government's stamp duty abolition. Originally launched in October last year, the scheme allows buyers to pay no stamp duty on any new or off the plan apartment, regardless of price.

Initially set to run until October 2025, the recent VIC budget announced it would be extended to October 2026.

The $61 million initiative aims to reduce upfront costs for buyers and accelerate the construction of new apartments and townhouses across the state. The expanded concession has already saved buyers an average of $24,517, with no price caps or eligibility restrictions.

Read more: <a href="https://www.urban.com.au/news/vic/vic-government-extend-stamp-duty-abolition-for-off-the-plan-properties-to-october-2026">VIC Government extend stamp duty abolition for off-the-plan properties to October 2026</a>

Some of Melbourne's leading developers were active in May. Design-led developer Milieu launched their third active development, marking a return to Brunswick, where they’ve already delivered four projects.

Their fifth, Saxon Street by Milieu, will bring 77 apartments to the heart of the Merri-bek Arts and Culture Precinct.

The nine-level building has been designed with sustainability and cultural integration in mind, featuring a 7.5-star NatHERS average rating and all-electric infrastructure.

[smartcode_project:default project_id=136434 project_image_fid=348839]

Located near Brunswick Baths, Balam Balam Place, and the local library, Saxon Street aligns with the council’s vision to transform the area into a civic and cultural hub.

Read more: <a href="https://www.urban.com.au/news/vic/saxon-street-by-milieu-to-bring-new-housing-and-urban-design-to-brunswick-s-cultural-core">Saxon Street by Milieu to bring new housing and urban design to Brunswick’s cultural core</a>

&nbsp;

National developer <a href="https://www.urban.com.au/developers/lendlease-development">Lendlease</a> broke ground on <a href="https://www.urban.com.au/new-apartments/ancora-at-collins-wharf-docklands-971-collins-street-docklands-vic-3008">Ancora</a> at Collins Wharf in May — a strong signal of confidence in the market.

The 28-level tower in Docklands, already over 50% sold, is the third residential building in the six-stage Collins Wharf precinct, which will eventually deliver 1,800 residences and 5,000 sqm of parkland.

[smartcode_project:default project_id=9779 project_image_fid=318931]

Read more: <a href="https://www.urban.com.au/news/vic/lendlease-commences-construction-at-ancora-collins-wharf">Lendlease commences construction at Ancora Collins Wharf</a>

There was another significant construction milestone in May with the commencement of the Fishermans Bend Innovation Precinct — a $180 million government-led initiative set to anchor Australia’s largest urban renewal project.

With infrastructure now underway, the 480-hectare site is being primed to support 80,000 residents and 80,000 workers by 2050.

<img alt="Construction begins at Fishermans Bend Innovation Precinct" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-05-19%20at%2010.16.26%E2%80%AFAM.png?VersionId=5gdJMw44gZyeda9qDGf1DgIpWyn9fFHW" />

Central to the precinct will be the University of Melbourne’s new School of Engineering and Design, opening in 2026. The campus will foster collaboration between students, researchers, and industry leaders, with a strong focus on applied knowledge and practical solutions.

Read more: <a href="https://www.urban.com.au/news/vic/construction-begins-at-fishermans-bend-innovation-precinct">Construction begins at Fishermans Bend Innovation Precinct</a>

&nbsp;

At the top end of the market, <a href="https://www.urban.com.au/developers/orchard-piper">Orchard Piper</a> and joint venture partner NPACT secured a $20 million sale for the penthouse at <a href="https://www.urban.com.au/new-apartments/one-toorak-place-7-19-carters-avenue-toorak-vic-3142">One Toorak Place</a>, setting a new record for the suburb.

<img alt="Orchard Piper secures $20m record-breaking penthouse sale at One Toorak Place" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-05-22%20at%208.59.36%E2%80%AFAM.png?VersionId=V34dKvksgifBKxssOVmnNqO8iPVSPxrE" />

Spanning 560 sqm, the five-bedroom residence includes a private wellness zone and an eight-car garage — redefining apartment living in Melbourne’s most exclusive postcode.

The sale also reflects growing demand for luxury off the plan homes with hotel-style amenities. Construction begins later this year, and the project will deliver 47 residences, plus new retail and dining, including a venue by restaurateur Chris Lucas, to revitalise Toorak Village.

Read more: <a href="https://www.urban.com.au/news/vic/orchard-piper-secures-20m-record-breaking-penthouse-sale-at-one-toorak-place">Orchard Piper secures $20m record-breaking penthouse sale at One Toorak Place</a>

City Beat May 2025: Melbourne units continue recovery as stimulus and construction confidence drives off the plan market

Developer <a href="https://www.urban.com.au/developers/time-place">Time &amp; Place</a> and its joint venture partners MaxCap Group and <a href="https://www.urban.com.au/builders/hickory">Hickory</a>, have announced a significant construction milestone for <a href="https://www.urban.com.au/new-apartments/the-queensbridge-building-southbank-90-queensbridge-street-southbank-vic-3006">The Queensbridge Building</a>, with the project officially topping out and reaching its full height at 65-levels and 209 metres tall.&nbsp;

Celebrating the building’s structure reaching completion and acknowledging the hard work from construction workers and trades to achieve this in a safe and timely manner, particularly given the current construction climate, The Queensbridge Building’s topping out marks a major step towards welcoming its new residents home to the 353 apartments in Q4 2025.&nbsp;

[smartcode_project:default project_id=1504 project_image_fid=272082]

It is also a milestone that serves as an early indicator of the upcoming opening of the signature component of the unique development, the Hannah St. Hotel.&nbsp;

The 188-key boutique hotel has been the focus of the design and brand team at Time &amp; Place and is the newest design-led property to join the Collection by TFE Hotels portfolio.&nbsp;

Collection Hotels, including the recently opened The EVE Hotel Sydney, are committed to quality design, exceptional experience, and connection to their community. Each is independently owned, with management services provided by TFE Hotels.&nbsp;

As the only high-rise residential tower in Southbank set for completion in 2025, The Queensbridge Building achieving topping out reinforces confidence for existing purchasers and prospective buyers in a current market where off the plan project delays are not uncommon. &nbsp;

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Built by Hickory, renowned for its large-scale, high-quality developments across Australia, The Queensbridge Building’s future residents can be confident that their homes will be delivered to the highest standard, reflecting Hickory’s proven track record in luxury, high-density living.&nbsp;

Architects&nbsp;<a href="https://www.urban.com.au/architects/fraser-partners-0">Fraser &amp; Partners</a> worked alongside Time &amp; Place and the award-winning interior designer David Flack from <a href="https://www.urban.com.au/architects/flack-studio">Flack Studio</a>&nbsp;to design the timeless architecture that has become The Queensbridge Building.&nbsp;

[smartcode_project:default project_id=1504 project_image_fid=272079]

The development features a series of luxe residential amenities including private rooftop terraces, lush gardens, lap pool, wellness studios, co-working space, and The Clubhouse for residents which will be serviced by the Hannah St. Hotel.

The hotel lobby and food and beverage will be located adjacent to the residential lobby and create a unique hospitality element to the precinct that significantly enhances the building’s overall services on offer, providing a unique premium experience for residents.&nbsp;

&nbsp;

[smartcode_project:default project_id=1504 project_image_fid=272090]

With The Queensbridge Building now directing attention to interior fit-outs to reach its full completion, Time &amp; Place is excited to add yet another leading residential development to their growing $5 billion development portfolio.&nbsp;

Tim Price, Founder and Director of Time &amp; Place, said the topping-out milestone was a proud moment for the project and a testament to the team’s dedication.&nbsp;

“This is a momentous step towards delivering The Queensbridge Building, and the dedication from our partners, Hickory and MaxCap Group, ensures a project of exceptional quality," Price said.

"Reaching this point gives buyers confidence that their home will be delivered on time, meeting the high expectations we’ve communicated from the outset."

[smartcode_project:default project_id=1504 project_image_fid=272093]

Simon Hulett, Head of Direct Investment at MaxCap Group, highlighted the significance of the construction milestone.&nbsp;

“Reaching this milestone for a tower of this height, scale, and complexity reflects the superior execution capabilities of our partners, Hickory and Time &amp; Place," Hulett says.

"It also highlights the quality of product and outcome we are committed to delivering for our investors. We believe The Queensbridge Building will set a new benchmark for quality in Melbourne and is ideally positioned to capitalise on the improving market sentiment in 2025.”&nbsp;

[smartcode_project_cta:default project_id=1504]

Tim Price, Founder and Director of Time & Place, said the topping-out milestone was a proud moment for the project and a testament to the team’s dedication

The Queensbridge Building, Southbank apartment tower, tops out

Multi-generational living is becoming increasingly common in modern apartment developments.

As baby boomers begin planning for retirement, many are looking to downsize—unlocking equity from their large family homes now that their children have left, or are preparing to leave, the nest.

They're seeking homes that are more low-maintenance and less demanding, but still spacious and practical.

Some downsizers wait until their children move out; others plan ahead for that eventual reality. The latter group often seeks large apartments with multiple living zones—allowing adult children, who might still be studying or starting full-time work, to retain some independence while staying within the family home.

With this in mind, Salter Brothers teamed up with architect John Demos to design their new Ivanhoe apartment development, <a href="https://www.urban.com.au/new-apartments/candela-ivanhoe-40-upper-heidelberg-road-ivanhoe-vic-3079">Candela</a>, to meet the needs of downsizing families. The result: a limited collection of large, dual-level residences featuring multiple living zones.

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These multi-zoned apartments are not only attracting downsizers with older children but also younger families looking for a more affordable, brand-new alternative to established housing—often out of reach in inner-city suburbs like Ivanhoe.

There is also a smaller, yet significant, market of buyers planning to accommodate ageing parents in the future. To cater for this, the two-level known as the loft style apartments in the Lustre collection feature a master bedroom on the ground floor—complete with an ensuite and walk-in wardrobe—situated next to the main kitchen, living, and dining area. This thoughtful layout eliminates the need to navigate stairs, providing added comfort and accessibility. &nbsp; Additionally, the Lustre collection includes single storey apartment options for young families.

[smartcode_project:default project_id=342 project_image_fid=212227]

Several apartments also include integrated study nooks, catering to children of all ages—whether for homework, remote learning, or working from home.

Candela offers four distinct apartment collections: Aurora, Brillante, Halo, and Lustre, with a mix of one- to four-bedroom floorplans.

From the Brillante collection upwards, each configuration is suited to family living. The curved walls in the master bedrooms of Brillante apartments, for example, lend themselves to being used as nursery corners or quiet study areas.

[smartcode_project:default project_id=342 project_image_fid=212225]

The one-bedroom Aurora apartments offer yet another form of multi-generational living: adjacent, yet independent, residences. A grandparent or young adult can live nearby while maintaining their own private space. With only four of these unique layouts available in the entire development, they present a rare opportunity to achieve proximity with privacy in a new build.

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In addition to introducing new apartment living to a suburb traditionally dominated by detached houses, Salter Brothers is also delivering valuable amenities to Ivanhoe. The apartments will have access to commercial spaces—designed to foster community connection while serving both residents and the wider neighbourhood. Residents will also have exclusive access to private amenities, including a residential lounge and rooftop terrace.

Construction has commenced, with completion expected by the end of September 2026.

[smartcode_project_cta:default project_id=342]

The multi-zoned apartments are not only attracting downsizers with older children but also younger families looking for a more affordable, brand-new alternative to established housing

Candela apartments offering multi-generational living in the heart of Ivanhoe

Apartment living and Melbourne's Abbotsford come hand-in-hand, with well over half of those who live in Abbotsford calling an apartment home.&nbsp;

Despite the appetite for apartment living, there have been very few new apartment developments hit the suburb in the last decade.

Recognising this gap, <a href="https://www.urban.com.au/developers/sq-property">SQ Property</a> has launched Lulie, the first major apartment project in Abbotsford since the release of New Johnston in April 2024. Prior to that, it had been over four years since any new residential development entered the local market.

Located just 30 metres from Victoria Park Station, at the corner of Lulie and Johnston Streets, will comprise 60 one-, two-, and three-bedroom apartments.

[smartcode_project:default project_id=149640 project_image_fid=145]

The residences will be spread across two distinctive buildings, designed by Metaxas Architecture. The Johnston Street-facing building will rise five levels behind a classic red brick façade, echoing Abbotsford’s industrial heritage. Behind it, a taller seven-level building with a striking copper-clad and glass façade adds a modern contrast to the streetscape.

Inside, homes have been crafted with an emphasis on natural light, generous proportions, and timeless finishes. Floor-to-ceiling windows maximise northerly views over parkland, while interiors—curated by Air Design Studio—showcase warm materials, natural stone surfaces, and a soft tonal palette that connects with the outdoor environment.

[smartcode_project:default project_id=149640 project_image_fid=146]

Resident amenities have also been carefully considered. A co-working communal area caters to the continued rise of hybrid work lifestyles—an increasingly sought-after inclusion in new developments.

Sustainability and long-term environmental performance are core to Lulie’s design. The development includes secure car parking with provisions for electric vehicle charging, ensuring future-ready infrastructure from the outset.

[smartcode_project:default project_id=149640 project_image_fid=150]

Situated within the Lower Johnston Street District, Lulie is surrounded by Abbotsford’s vibrant blend of industrial character and creative culture. The project is also just moments from the Yarra Trail, the Abbotsford Convent arts precinct, and the soon-to-be-upgraded Victoria Park Station, offering outstanding lifestyle and connectivity.

Realco agent Chris Koullapas is marketing Lulie.

Construction is already underway, with completion slated for 2026. Apartments at Lulie are priced from a competitive $600,000.

[smartcode_project_cta:default project_id=149640]

Lulie brings new apartments to the edge of Victoria Park in Abbotsford

Over half of the apartments in SP Setia's Atlas skyscraper have been snapped up before the project launch.

The new tower, at the northern end of La Trobe Street, has been designed by Cox Architecture and Fender Katsalidis and is Setia's&nbsp;fourth project in the CBD, following the success of Sapphire by the Gardens, UNO Melbourne, and Fulton Lane.

The heritage-listed wall of the former Royal Mint forms the backdrop to the contemporary porte-cochere, forming a striking contrast to the 72-level tower.&nbsp;

Atlas will feature&nbsp;852 apartments, from studios through to three-bedroom residences, starting at $410,000.

<img alt="Atlas Melbourne" data-entity-type="file" data-entity-uuid="f4c50513-ae45-4149-8ca6-0e94dec0e373" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/240925_Level%2072_Library.jpg?VersionId=LCAlVvC3OQ0j6fzz4NzrS998OXBSfCqW" />

Tim Storey, Managing Director, Victoria | Residential at Colliers, said Atlas is a very rare proposition.

“Atlas is the last building in this pocket of the city to be granted a permit for this volume of units, as the permit was obtained back in 2017. Since then, new height restrictions have come into effect, and no other super-skyscrapers of this size will be built in the CBD.”&nbsp;

He says the reason they have been able to sell more than half of the apartments in a short amount of time is that the development ticks all the boxes.

"Not only is the location right, the amenities are right, the design is right, but most importantly, the product is right.&nbsp;The development also caters to a wide range of buyer profiles. We haven’t seen many studio &nbsp;apartments in recent new developments, but as a way to address affordability and the growing &nbsp;demand for city living, the development will house 189 studio apartments, which are already sold out, and we now have a waiting list.”&nbsp;

The tower is divided into three bespoke residential offerings: Garden Residences on levels 1-7, &nbsp;Horizon Residences across levels 9-49, and Sky Crown Residences on levels 50-70.

<img alt="Atlas Melbourne" data-entity-type="file" data-entity-uuid="0e937e56-e4b7-400f-b950-886752d79883" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/240917_Pool%20view%20level%208_0.jpg?VersionId=uMoDCs2t1JvMXwVtxiYZB.8V8.0gEZEc" />

Philip Rowe, Director at Cox Architecture, said throughout the building, there are strong connections to nature and greenery.

“It’s a vertical village that includes the Sky Club on levels 71 and 72, and the Horizon Collective on levels 42, which features a music room, cinema, &nbsp;game area, karaoke lounge, terrace, and more. Level 8 is dedicated to a Wellness Club, offering a gymnasium, spa, sauna, pool, and open green space."

&nbsp;

Construction is set to commence in Q3 2025, with completion expected to take place in mid-2029.

[smartcode_project_cta:default project_id=148772]

Construction of Atlas is set to commence in Q3 2025, with completion expected to take place in mid-2029.

Half of apartments snapped up in Setia's Atlas Melbourne skyscraper

Design-led property developer <a href="https://www.urban.com.au/developers/orchard-piper">Orchard Piper</a>, together with joint venture partner NPACT, has broken the record for the most expensive apartment sale in Toorak at their freshly launched new apartment development, <a href="https://www.urban.com.au/new-apartments/one-toorak-place-7-19-carters-avenue-toorak-vic-3142">One Toorak Place</a>.

Australian retail executive Daniel Agostinelli and his wife Lynette have spent more than $20 million on the penthouse in the heart of Toorak Village. The sale comes after the successful sale of the sub-penthouses at another Orchard Piper project - Toorak Village&nbsp; - which is currently under construction with Cobuild, for records of more than $11.5 million in May 2024, each exceeding $38,000 per sqm.

Located on Carters Avenue,&nbsp;<a href="https://www.urban.com.au/new-apartments/one-toorak-place-7-19-carters-avenue-toorak-vic-3142">One Toorak Place</a> is set to revitalise Toorak Village with a mixed-use offering comprising 47 apartments, commercial suites, and a curated retail and hospitality precinct — all centred around a new private laneway.

As Toorak’s first hotel-style serviced building, the project introduces a new model of lifestyle-focused living, akin to internationally recognised branded residences.

Residents will enjoy a suite of hotel-style services and amenities, including concierge, private car transfers and on-site security, alongside an extensive wellness offering featuring a 25-metre pool, gymnasium, sauna, steam room, cold plunge, spa and treatment room. In addition, residents will have access to a dedicated lounge, meeting rooms, a golf simulator, and practical facilities such as dog-washing and a car-wash bay.

<img alt="One Toorak Place" data-entity-type="file" data-entity-uuid="8f4e7ffa-904e-4ade-83c3-4eec439b9f8d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-05-22%20at%208.59.40%E2%80%AFAM.png?VersionId=AnEjlmxR6qJqyMIcJcBxUMgck65JrPfW" />

Agostinelli, Group CEO of Accent Group Limited, has followed the developer’s work for over a decade, with the penthouse marking his first purchase.

The house-proportioned apartment comes with five bedrooms, an eight-car private garage, direct lift access to a private lobby, a 1000-bottle cellar, and private wellness facilities, including a pool and spa set across 560 sqm of outdoor terraces and gardens, framed by expansive views of the Melbourne city skyline.

Orchard Piper Director Luke McKie says opportunities of this calibre are incredibly rare, not just in Toorak, but anywhere in Australia.

“The penthouses at <a href="https://www.urban.com.au/new-apartments/one-toorak-place-7-19-carters-avenue-toorak-vic-3142">One Toorak Place</a> are designed to offer all the qualities of a fine luxury home, with the added security, privacy and views that only penthouse living can provide," Mckie said.

Orchard Piper Director Rick Gronow added, “To close such a significant sale ahead of launch speaks volumes about the strength of the precinct and the market’s appetite for thoughtfully designed, premium residences in Toorak Village.”

Agostinelli said the decision to purchase was driven by Orchard Piper’s consistent commitment to quality over the past decade.

“I’ve known Rick Gronow and Orchard Piper for a long time," Agostinelli said.

"My wife Lynette and I trust their quality, which made us comfortable buying off the plan. Their work speaks for itself, and this project takes it to a new level. <a href="https://www.urban.com.au/new-apartments/one-toorak-place-7-19-carters-avenue-toorak-vic-3142">One Toorak Place</a> stood out to us as a unique chance to live privately while still enjoying the kind of services and experiences you’d normally only find in a five-star hotel. It’s something we haven’t seen in Toorak or Melbourne at this level before and we are very excited about the project."

<img alt="One Toorak Place" data-entity-type="file" data-entity-uuid="adfb073f-1ce9-4e1a-aa30-e52694ce465e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-05-22%20at%209.49.52%E2%80%AFAM.png?VersionId=T3Q7Yed.nUqXFwAIeydpojqBqJ5v2y2L" />

To complement the residential offering, Orchard Piper has partnered with acclaimed restaurateur Chris Lucas to deliver a new hospitality benchmark in luxury living – a ground-floor dining precinct paired with exclusive in-residence experience. From all-day dining to private catering, cellar services, and events, residents enjoy seamless access to Melbourne’s most iconic hospitality, all curated by the team behind restaurants like Society and Grill Americano.

“This is about more than great food,” said Chris Lucas. “It’s about bringing the spirit of our restaurants into the home — creating a seamless lifestyle that celebrates design, connection and the joy of exceptional hospitality.”

<img alt="One Toorak Place" data-entity-type="file" data-entity-uuid="a71523e7-1124-4631-b907-69a568ccb40e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-05-22%20at%209.49.59%E2%80%AFAM.png?VersionId=0.PObZnKCpJDL9ZMYi7WAxQeAVrdaS0_" />

Occupying the 3,589 sqm former Mercedes-Benz Toorak site, <a href="https://www.urban.com.au/new-apartments/one-toorak-place-7-19-carters-avenue-toorak-vic-3142">One Toorak Place</a> is the suburb’s largest planning approval to date in both height and site size. A joint venture between Orchard Piper and NPACT (a partnership between James Packer’s family office and Todd Nisbet) the project is designed by internationally acclaimed firm KHA (Kerry Hill Architects).

Alongside Orchard Piper’s first Toorak Village project, it contributes to over 5,000 sqm of prime land under development in the precinct, with a combined end value expected to exceed $550 million.

<a href="https://www.urban.com.au/new-apartments/one-toorak-place-7-19-carters-avenue-toorak-vic-3142">One Toorak Place</a> will officially launch to market in mid-2025, with construction expected to commence toward the end of the year.

One Toorak Place will officially launch to market in mid-2025, with construction expected to commence toward the end of the year

Orchard Piper secures $20m record-breaking penthouse sale at One Toorak Place

Sustainability principles in new apartment developments across Australia have accelerated significantly over the past five years.

What was once a voluntary initiative has now become a mandated requirement, driven by growing climate concerns and reinforced by government policy. These mandates align with Australia’s commitment to achieving net zero greenhouse gas emissions by 2050—an ambition legislated through the Climate Change Act 2022. The Act also outlines an interim goal of reducing emissions by 43 per cent below 2005 levels by 2030 and requires annual progress reporting to Parliament.

To support this transition, the government is rolling out a comprehensive Net Zero Plan. This includes sector-specific strategies for energy, transport, industry, agriculture, and the built environment. The plan leans heavily on technology-led solutions such as renewable energy expansion, electrification, and carbon capture.

But it’s not just government leading the charge. Apartment buyers are increasingly conscious of their environmental footprint. In addition to supporting a sustainable future, many are also drawn to the reduced running costs that come with energy-efficient design and features.

Sustainability and healthier living are at the heart of <a href="https://www.urban.com.au/new-apartments/blvd-at-melbourne-square-19-hoff-boulevard-southbank">BLVD</a>, the latest residential tower in OSK Property’s multi-billion-dollar Southbank precinct, Melbourne Square.

[smartcode_project:default project_id=107714 project_image_fid=211872]

Currently under construction by Multiplex, the 74-level tower is pursuing WELL Certification—a globally recognised standard that prioritises the health and well-being of residents. BLVD is one of the first residential projects in Australia to be registered for this certification.

Jack Noonan, Vice President of the Asia Pacific International WELL Building Institute, stressed the significance of this approach.

"<a href="https://www.urban.com.au/developers/osk-property">OSK Property</a> has applied this world-leading framework from the ground up with a holistic suite of integrated solutions, including optimised access to natural light, great thermal comfort and indoor air quality, through to social, fitness, and mental wellbeing amenities. Together, they create an ecosystem to help you live well every day."

[smartcode_project:default project_id=107714 project_image_fid=211867]

BLVD’s sustainability credentials include gas-free operation, carbon-neutral capabilities, and electric vehicle charging stations—features that reflect a future-focused approach to urban living.

&nbsp;

"We know that great spaces prioritise and improve health by helping fuel our bodies, keeping us connected, inspiring our best work and facilitating a good night’s sleep," Noonan added.

&nbsp;

The tower’s design also promotes exceptional indoor environmental quality, with a focus on maximising natural light, superior air quality, and enhanced thermal comfort.

[smartcode_project:default project_id=107714 project_image_fid=211869]

BLVD’s interiors have been crafted by CARR in collaboration with Cox Architecture, combining minimalist design with nature-inspired materials and textures.

Chris McCue, Managing Director of Cox, described BLVD as “a living and breathing building.”

"We drew deeply on the natural landscapes of the surrounding precinct, which are woven through the building’s generous amenities via the material palette and quality finishes," McCue said.

"From the gently lit, articulated lobby to the expansive double-height views on Level 55, every interior connects to bay and garden vistas, offering a profound sense of space and freedom."

[smartcode_project:default project_id=107714 project_image_fid=211864]

In addition to its environmental credentials, BLVD prioritises resident well-being—both mental and physical.

The podium level will include a state-of-the-art gym, spa, sauna, and a 25-metre indoor pool. Residents can also enjoy a tranquil zen garden, barbecue facilities, al fresco dining areas, and shaded seating zones inspired by Melbourne’s natural landscape.

Elevated amenities continue in the Level 55 Skye Club, which offers private dining rooms, a cocktail lounge, and breathtaking views across the city. BLVD also includes co-working spaces, private meeting pods, and breakout areas that cater to the growing demand for flexible, hybrid lifestyles.

[smartcode_project:default project_id=107714 project_image_fid=214126]

BLVD marks the third tower in the Melbourne Square precinct—an already thriving urban community. Approximately 70 per cent of its 600 one-, two-, and three-bedroom apartments have already sold.

Construction is well underway, with completion expected in early 2028.

[smartcode_project_cta:default project_id=107714]

Chris McCue, Managing Director of Cox, described BLVD as “a living and breathing building.”

Melbourne off the plan apartments

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