A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Joel Robinson

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

The long-planned transformation of Brisbane's historic Shafston Estate has taken another major step, with Capella Hotel Group announced as the luxury hospitality partner behind what will become Brisbane's first branded residences.

The project, to be known as Capella Residences Brisbane, is being delivered by Verso Projects at the landmark Kangaroo Point riverfront estate, with completion targeted for 2029.

The announcement follows a series of planning changes to the project over recent years. The site was originally approved in 2023 for a 15-level, 37-apartment development designed by Rothelowman for Burgundy Group before Verso Projects took over the 10,070 sqm riverfront holding and lodged revised plans with Kerry Hill Architects to increase the development to a 25-level tower with 51 apartments.

The latest announcement confirms Capella Hotel Group will bring its branded residential offering to the project, marking just the second Capella Residences development globally after Seoul, and the group's first branded residential project in Australia.

The <a href="https://www.apartments.com.au/new-apartments/23-castlebar-street-kangaroo-point-qld-4169">Castlebar Street development</a> will centre around the restoration of the heritage-listed Shafston House, one of Brisbane's oldest residences, originally constructed in 1851 by Reverend Robert Creyke as a single-storey cottage known as Ravenscott.

<img alt="Capella" data-entity-type="file" data-entity-uuid="2b9f4ce5-638f-4d6b-8082-3ca7e4b75fca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-09%20at%207.20.41%E2%80%AFAM.png?VersionId=f7aeqsW_DzOJI4FymWb3lD8NptSfsP7q" />

Capella said the project aligns with its focus on heritage-led developments, with the Brisbane estate combining the restored historic residence with a new luxury apartment tower and hospitality-inspired resident amenities.

Residents will have access to the Capella Living Room, a concierge-led communal space inspired by the group's luxury hotels, alongside landscaped gardens, six swimming pools, wellness and recreation facilities.

The broader estate will also include two riverfront homes, a six-berth private marina, porte cochère arrival experience, secure basement parking and a new section of public riverwalk along the Brisbane River frontage.

The heritage Postal Depot Building will also be retained and repurposed as a guest house, in line with the revised development plans.

The project represents another evolution for the site, which Kerry Hill Architects previously described as a rare opportunity to restore one of Brisbane's most significant heritage estates while creating a new benchmark for apartment living.

"The Shafston Estate provides a once-in-a-generation opportunity to restore one of Brisbane's finest heritage precincts and to reinstate residential use as a unique site perched on the edge of Kangaroo Point," Kerry Hill Architects said in its Urban Context Report accompanying the planning submission.

"The project will celebrate excellence in sub-tropical residential design, setting a new benchmark for vertical living in Brisbane."

Verso Projects, which now has an $8.5 billion development pipeline spanning more than 6,000 dwellings across apartments, townhouses, retail and commercial projects, said the partnership with Capella would elevate the development beyond a traditional residential project.

"We feel honoured to be restoring Shafston Estate to its former glory, elevating it to new heights of luxury and excellence underpinned by Capella's distinctive service ethos and design philosophy, and making it a standout landmark in Brisbane," Verso Projects CEO Steve Laffey said.

"By partnering with Capella, globally recognised for its refined approach to luxury hospitality and deep respect for cultural and historical context, we will elevate this project beyond a residential offering into a world-class destination."

Capella Hotel Group President Roland Fasel said Brisbane's emergence as a global city made it the right location for the company's Australian residential debut.

"Brisbane is a city on the cusp of something remarkable, and Capella Residences is our commitment to being part of that story," Fasel said.

"The Capella residential experience is more than luxury. It is about a sense of belonging to a place with deep meaning."

Private appointments have now opened for the project, with a display suite expected to open in late 2026 ahead of the planned 2029 completion.

Capella to launch Brisbane's first branded residences at Shafston House, Kangaroo Point

Lewis Land's latest apartment release within its <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplan is targeting one of the Gold Coast's fastest-growing buyer groups, with almost a third of apartments at Solis priced below $1 million.

The seven-storey building at Biggera Waters will comprise 91 apartments, including 24 one-bedroom residences starting from $778,000, a price point Lewis Land says is aimed squarely at first home buyers struggling to enter the Gold Coast market.

<img alt="Harbour Shires" data-entity-type="file" data-entity-uuid="e7486e37-22f6-4c92-b212-9b0622070b8f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.34%E2%80%AFAM.png?VersionId=W8MJwJUCf6HkIyl_EVSksnd.QI6MZryY" />

<a href="https://www.apartments.com.au/developers/lewis-land-group">Lewis Land</a> Head of Development Michael Long said the developer deliberately allocated a significant proportion of the project to more affordable apartment types.

"First home buyers have been priced out of many parts of the Gold Coast, and we saw a clear opportunity to address this and play our part in a longer-term housing solution," Long said.

"That's why 24 of the 91 apartments being delivered at Solis have been designed and priced for the city's next generation of homeowners, quality one-bedroom apartments, half of which include an additional multipurpose room to maximise space and flexibility.

"This approach places 30 per cent of apartments in Solis under $1 million, and with close proximity to Harbour Town's future light rail extension connecting residents to the city's major employment and knowledge hubs, it's a win for buyers looking to secure their first property."

<img alt="Sores" data-entity-type="file" data-entity-uuid="550526d3-73ba-4710-9739-c5f4294a30ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.29%E2%80%AFAM.png?VersionId=cQQdXHt9wS0UXwZEm5Py5bH_3kAmzyhu" />

Designed by BDA Architecture, Solis will deliver a mix of one, two and three-bedroom apartments, with residences ranging up to 232 sqm. Apartments feature generous balconies and contemporary finishes, while residents will have access to Harbour Shores' lagoon pool, clubhouse, tennis court, gym, yoga studio and sauna.

The focus on first home buyers resonated with purchaser Holly Humphreys, who said she and her boyfriend spent more than a year searching for their first property before shifting their attention from houses to apartments.

"We fell in love with the first house we bid on and got our hopes up, but after repeated knockbacks we learned not to get too attached," Humphreys said.

"We offered at the high end of price guides, but sales kept going even higher. That's where we really struggled and we needed to re-evaluate our budget and our expectations. Standalone houses were off the table, and we pivoted to apartments and townhouses."

Humphreys said it was encouraging to see developers recognising the growing demand from first home buyers.

"There's a growing number of young buyers looking to enter the market earlier because they understand that getting in now can make a real difference as prices continue to rise," she said.

"It's fantastic to see a developer recognise this and then actively take measures to deliver an apartment with us in mind."

Solis is the first development planned within the second stage of the Harbour Shores masterplan, with early works expected to commence in September 2026.

[smartcode_project_cta:default project_id=113271]

Lewis Land targets first home buyers at latest Harbour Shores release, Solis

Luxury apartment developer Abadeen has recorded $19.25 million in apartment sales across two of its Lower North Shore developments in the lead-up to the end of the financial year, headlined by the sale of a $6.75 million penthouse at <a href="https://www.apartments.com.au/buildings/koyo-crows-nest-5-rodborough-avenue-crows-nest-nsw-2065">KOYO in Crows Nest.</a>

The transactions also included the sale of a newly completed three-bedroom apartment at <a href="https://www.apartments.com.au/buildings/park-residences-cremorne-2-sutherland-street-cremorne-nsw-2090">Park Residences in Cremorne</a> for $6.35 million, with the residence selling shortly after the project's first public inspections following completion.

The sales come as completed, owner-occupier-focused apartments continue to attract strong demand across Sydney's Lower North Shore, particularly from buyers looking for certainty and immediate occupancy.

The penthouse at KOYO spans 491 sqm across a single level and was designed by architect Koichi Takada. The development is one of Abadeen's flagship boutique projects in Crows Nest.

[smartcode_project:default project_id=108800 project_image_fid=370093]

Abadeen Executive Chairman and Founder Justin Brown said buyer activity lifted noticeably in the lead-up to the end of the financial year.

"We saw a clear increase in enquiry levels, inspection numbers and buyer engagement across our completed projects leading into the end of the financial year," Brown said.

"Buyers have become far more decisive over the past six months. The combination of improving confidence, limited supply and the ability to physically inspect completed residences is creating strong competition for premium apartments in the best locations."

Brown says the&nbsp;response to Park Residences following completion has been particularly strong.

"Buyers want certainty and are responding positively to the opportunity to walk through a finished product, inspect the quality firsthand and move in immediately," Brown suggested.

"Projects such as Park Residences and KOYO demonstrate that when the product is exceptional and the location is irreplaceable, buyers are prepared to act quickly."

[smartcode_project:default project_id=114246 project_image_fid=370116]

Abadeen CEO Joe Tack said quality continued to differentiate projects in the current market.

"Today's buyers are incredibly discerning," Tack said.

"They are seeking larger floorplans, premium finishes, walkability, lifestyle amenity and confidence in the developer delivering the project. Well-designed boutique developments continue to outperform because they offer something genuinely difficult to replace.

"The enquiry we are seeing across our completed and recently completed Lower North Shore portfolio is very encouraging, and we expect this momentum to continue into spring."

The sales follow increased enquiry across Abadeen's Lower North Shore portfolio which also includes <a href="https://www.apartments.com.au/buildings/northcote-collective-naremburn-2-northcote-street-naremburn-nsw-2065">Northcote Collective in Naremburn</a> which also completed recently.

KOYO penthouse headlines Abadeen's $19.25 million EOFY sales flurry

The City of Sydney has approved plans for <a href="https://www.apartments.com.au/developers/billbergia">Billbergia Group</a> and Metrics Credit Partners’ $3.5 billion Castlereagh Place project in the heart of the Sydney CBD

The towers will be among the tallest in <a href="https://www.apartments.com.au/developments/sydney-nsw-2000">Sydney</a>'s CBD, with more floors than any other residential tower in the city.&nbsp;

The 6,000 sqm site was acquired by the joint venture partners in 2024. It is the largest amalgamated land parcel in the Sydney CBD and comprises eight individual sites fronting Castlereagh, Pitt and Liverpool Streets.&nbsp;

<a href="https://www.apartments.com.au/new-apartments/castlereagh-place-sydney-324-348-pitt-street-sydney-nsw-2000">Castlereagh Place</a> will transform an underutilised city block into a landmark mixed-use destination, anchored by two 82-storey towers comprising 607 luxury residences above an 8-level podium housing a 209-room luxury hotel. A 1,000 square metre civic park on ground level features a curated mix of food, beverage and retail.

The plans have been refined over the past year to rebalance the residential and hotel offering, and reconfigure the retail footprint to create a stronger, more dynamic dining experience.

A three-level flagship building on the prominent corner of Pitt and Liverpool Streets will be the gateway to the Castlereagh Place lifestyle precinct. Set to become a Sydney icon, the building is capable of housing multiple hospitality venues.

“Castlereagh Place is designed to be the City's next great urban oasis - an energetic mixed-use precinct that pulses with life, day and night,"&nbsp;said Joseph Kinsella, Group Director of Billbergia.

"It will bring the vibrancy of places like Barangaroo and Darling Quarter into a more accessible, central destination at the very heart of Sydney."

Kinsella said the project will build on&nbsp;Sydney’s growing laneway culture with the City’s largest network of new activated lanes - an expanded, next-generation take on precincts like Angel Place, Palings Lane and Ash Street in Wynyard.

[smartcode_project:default project_id=134477 project_image_fid=374401]

Castlereagh Place has been designed by architects <a href="https://www.apartments.com.au/architects/fjc-studio">fjcstudio</a> in collaboration with Trias Studio, Aileen Sage and Polly Harbison Design, joint winners of an international design competition in 2018.&nbsp;

Signature design elements from the original scheme remain unchanged, while the public domain has been significantly enhanced, delivering 60 per cent more open-to-sky space.

Pedestrian access will also be enhanced through new laneways linking Pitt, Liverpool and Castlereagh Streets, drawing people into a new civic park with outdoor seating, landscaping and integrated public art.

With activated laneways supported by strong hospitality offerings, Castlereagh Place is tipped to become a vibrant new dining destination in the heart of Sydney’s CBD.

It marks the largest undertaking to date for the Billbergia and Metrics Credit Partners partnership. Together they are developing other underutilised Sydney sites into mixed-use precincts, including the $2.2 billion Concord Central and the $1.3 billion Chatswood Grand Residences.

Metrics Managing Partner and Group CEO Andrew Lockhart said Castlereagh Place is a landmark project that will redefine Sydney’s skyline.

"As the tallest residential high-rise development, the revitalised site will offer panoramic views across the CBD and surrounds. We are excited to partner with Billbergia to reinvigorate an underutilised site and create a sophisticated and contemporary mixed-use offering situated in the heart of Sydney.”

Total apartments within the towers have increased to 607 dwellings, with a focus on larger floorplans. Aligned to growing market demand, Castlereagh Place now comprises 299 three-plus-bedroom apartments, 198 two-bedroom units and 110 one-bedroom configurations.

[smartcode_project:default project_id=134477 project_image_fid=374402]

Resident amenities will include an exclusive residents club containing a gym, rooftop pool, dining rooms, co-working spaces, library, golf simulator, games room, cinema room, and access to an exclusive concierge service. There will be around 500 basement car spaces below the towers.

The development will also include a state-of-the-art wellness centre, set to feature a bathhouse with magnesium pools, hot/cold plunge pools and premium amenities.

&nbsp;

According to fjcstudio, the towers will feature distinctive yet elegant architectural design reflecting Sydney’s geometry and urban character, with a network of through-site links and intimate public spaces activating the streetscape.

"Castlereagh Place is a city-making project of significant scale and ambition," said Richard Francis-Jones, Design Director at fjcstudio.

"It will create a rich urban complex of public open spaces, landscaped gardens, and vibrant laneways. Defining these new public spaces and the important streetscape of Castlereagh Street is a sequence of fine-grained, diverse retail and hotel architecture designed in collaboration with Aileen Sage, Polly Harbison Design and Trias.

“Rising above the tree-lined, human-scale streetscape are two slender residential towers that will transform the city skyline and look towards the Harbour, Hyde Park, and the Royal Botanic Garden.”

Demolition and early construction works have commenced onsite at Castlereagh Place.

[smartcode_project_cta:default project_id=134477]

Billbergia, Metrics, approved for $3.5 billion Sydney skyscrapers

Melbourne off the plan apartments

<a href="/developers/urban-dc">Urban DC</a> has appointed <a href="/builders/cobild">Cobild Construction</a> as the builder for its&nbsp;Armadale apartment development,&nbsp;Heirloom.

<a href="/new-apartments/heirloom-armadale-1187-high-street-armadale-vic-3143">Heirloom</a>, located at 1187 High Street near the heart of&nbsp;<a href="/developments/armadale-vic-3143">Armadale</a>, will comprise 38 two, three, and four-bedroom luxury apartments, with prices starting at $1.65 million.&nbsp;

[smartcode_project:default project_id=140812 project_image_fid=274136]

Designed by the renowned architecture and interior design firm <a href="/architects/woods-bagot">Woods Bagot</a>, Heirloom draws on elements characteristic of Edwardian and Victorian-era homes, such as recessed balconies, geometric forms, and a hierarchy of arches.

The design also incorporates a robust palette of materials, including hand-made German bricks, expressed concrete, timber veneer, dark metal, and fluted glass.&nbsp;

[smartcode_project:default project_id=140812 project_image_fid=274138]

Each apartment will boast expansive living and dining areas leading out to landscaped terraces offering city views.&nbsp;

Most three and four-bedroom units will feature three-car lock-up garages, equipped with number plate recognition technology.

Demolition at the site is currently underway, with the project scheduled for completion in December 2025.

[smartcode_project_cta:default project_id=140812]

Demolition at the site is currently underway, with the project scheduled for completion in December 2025

mikah.m@urban.com.au

Urban DC appoints Cobild as builder for Heirloom, Armadale apartments

Developed by Urban is well on its way to delivering one of the most unique residential developments Burnley has ever seen.

Construction has well and truly kicked off at Burnley Maltings, a redevelopment of the heritage-protected landmark&nbsp;Barrett &amp; Burston Maltings, a historic malting factory that started life in the late 1800s as Terry's Burnley Brewery.

With everything going on at Burnley Maltings, we took a trip down to the display suite, located in the building's original caretaker's residence.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/opcEFkIcS2Q?si=_a3-kftcGptoVT05" title="YouTube video player" width="560"></iframe>

The townhouses at&nbsp;<a href="/new-apartments/burnley-maltings-richmond-45-gibdon-street-richmond">Burnley Maltings</a>, on the border of <a href="/developments/richmond-vic-3121?sort=">Richmond</a>, cater for multi-generational living but are low maintenance. All but one townhouse in the development of 37 residences offering three bedrooms, while several have a separate home office space and all have large rooftop terraces.

So far, Burnley Maltings has proven popular with downsizers from Melbourne's eastern suburbs, those who want to be closer to the action. The Gibdon Street development sits in close proximity to <a href="/new-townhouses/burnley-vic-3121">Burnley</a> Station, several parks with signiificant gardens, and Burnley's 18-hole golf course, which is currently being redesigned.

<a href="/news/vic/from-garden-suburb-to-commercial-hub-burnleys-next-phase-of-transformation">Read more:&nbsp;From garden suburb to commercial hub: Burnley's next phase of transformation</a>

[smartcode_project:default project_id=14401 project_image_fid=264095]

The townhouses will sit in landscaping by prominent landscaper Jack Merlo.

Burnley Maltings is on track to be completed in late 2025.

Read more:&nbsp;<a href="/news/vic/why-downsizers-are-flocking-to-burnley-maltings">Why downsizers are flocking to Burnley Maltings</a>

[smartcode_project_cta:default project_id=14401]

So far, Burnley Maltings has proven popular with downsizers from Melbourne's eastern suburbs, those who want to be closer to the action

Inside Burnley Maltings: Urban's display suite tour of Burnley's most exciting new townhouse development

<a href="/developers/golden-age-group">Golden Age Group</a> has appointed Icon Construction as the builder for its high-rise development, SKY SQR, in Box Hill.&nbsp;

The $450 million project is set to transform <a href="/developments/box-hill-vic-3128">Box Hill</a> into a hub of connectivity and culture, featuring a mix of residential, retail, and community spaces.

[smartcode_project:default project_id=4720 project_image_fid=20186]

<a href="/new-apartments/sky-sqr-517-521-station-street-box-hill">SKY SQR</a> will encompass nearly 50,000 sqm of build-to-rent accommodation, commercial and retail spaces, and a childcare facility.&nbsp;

It will also include 1,180 sqm open public space with multiple street frontages and a range of exclusive amenities.

The development partner, Local: Residential, will manage and operate 425 apartments.

<img alt="Golden Age Group appoints Icon Construction as builder for SKY SQR, Box Hill - podium" data-entity-type="file" data-entity-uuid="a314ae42-0d14-4e64-84e4-fbd953dafe85" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/SKY%20SQR%20podium.jpg?VersionId=sec9ZxO3iGaTFFNRHPwYBjkPeHVhAt4A" />

The two-tower, 18-level development will centre around a town square concept with a diverse mix of retailers.

SKY SQR will feature a three-level retail podium and food precinct with tenancies ranging from 16 sqm to 2,000 sqm.

Located 14 kilometres from the <a href="/new-apartments/melbourne-vic">Melbourne</a> CBD, SKY SQR is strategically placed near Box Hill Station and the newly opened Harrow Street Car Park—offering residents and locals a quick access to transportation and recreational hubs.

[smartcode_project_cta:default project_id=4720]

The two-tower, 18-level development will centre around a town square concept with a diverse mix of retailers.

Staff Writer

Golden Age Group appoints Icon Construction as builder for SKY SQR, Box Hill

Melbourne developers Roulston and Moda have teamed up to release a rare opportunity to buy an off the plan apartment on Malvern East's Central Park.

The project, dubbed&nbsp;<a href="/new-apartments/central-park-malvern-east-385-387-wattletree-road-malvern-east-vic-3145">Central Park</a>, has been designed by architecture firm <a href="/architects/ewert-leaf">Ewert Leaf</a> at 385-387 Wattletree Road, at the northern end of Central Park near Riserva Wine and the Burke Rd/Wattletree Rd tram stop.

Construction will commence in August 2024 on the 29 apartments that will match the landscaping of the neighbouring seven-hectare park.

<img alt="Central Park" data-entity-type="file" data-entity-uuid="7c5f2673-54cd-42d7-af72-70a871517caf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-27%20at%201.22.02%20pm.png?VersionId=ED3GdnvoZjyxYFNtGjv9MdHaymxxjo1a" />

Central Park will be built in compliance with the Nationwide House Energy Rating Scheme’s (NatHERS) new Whole of Home rating, helping to support the economy’s transition to net zero emissions by 2050. It will be home to around 1,843 plants, enforcing&nbsp;a strong commitment to sustainability as well as connecting residents directly with nature with landscaping by <a href="/landscape-architect/jack-merlo">Jack Merlo</a>.

It will feature a&nbsp;30,000-litre rainwater tank and high-quality insulation for energy efficiency, as well as EV charging&nbsp;capabilities in each car space, rooftop panels targeting sustainable energy production and lower energy bills, as well as parcel lockers with a smart lock system.

<img alt="Central Park" data-entity-type="file" data-entity-uuid="c1577427-65bd-45d7-a081-c00d4261f483" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-27%20at%201.21.54%20pm.png?VersionId=Cmzd8COc7NI4sE6DZt9WMtN.DPX8tUUA" />

<a href="/project-marketer/marshall-white-projects">Marshall White Projects</a> Director Leonard Teplin said Central Park represents a unique amalgamation of high-end luxury living against the backdrop of <a href="/new-apartments/malvern-east-vic-3145">tranquil suburbia</a>.

“Central Park is being built with sustainability for the future at the forefront of its design and this is reflected in both the extensive amenities and natural surrounds on offer to all residents,” Teplin said.

“This development is situated directly opposite the iconic Malvern East Central Park, and as a result, residents will have access to the best of both worlds – leafy surrounds and the iconic Malvern shopping precinct.

“Purchasing an apartment at Central Park will be a rare opportunity for buyers to live in a modern apartment directly opposite this landmark Malvern East location.”

[smartcode_project_cta:default project_id=134094]

Marshall White Projects Director Leonard Teplin said Central Park represents a unique amalgamation of high-end luxury living against the backdrop of tranquil suburbia

Rare new apartment development launched on Malvern East's best park

Gamuda Land has commenced construction on its $90 million Fareham apartment development in St Kilda, following the appointment of family-owned construction firm Markscon.&nbsp;

<a href="/new-apartments/fareham-st-kilda-95-st-kilda-road-st-kilda">Fareham</a> will deliver a 16-level sustainable building with&nbsp;73 apartments on St Kilda Road. It will also boost the local economy via the creation of 130 jobs throughout the build.&nbsp;

Designed by architects <a href="/architects/bayley-ward">BayleyWard</a>, Fareham will aim to achieve a minimum 7.5 Star NatHERS rating and will be powered by an embedded network providing 100 per cent renewable energy, including rooftop solar photovoltaic panels. Additional features include EV charging capabilities, secure bike parks and an onsite bicycle workshop to encourage residents to opt for greener travel arrangements.&nbsp;

[smartcode_project:default project_id=137950 project_image_fid=257445]

Fareham will comprise a maximum of six apartments per floor with the majority offering bay views. Residents will have access to a communal garden on level one, a well-being room on level two and a communal rooftop on level 15.&nbsp;

Gamuda Land’s global DNA of building in harmony with nature is threaded throughout the design, with Fareham featuring extensive landscaping and greenery by Loci Design Collection.&nbsp;

<a href="/developers/gamuda-land">Gamuda Land</a>&nbsp;General Manager Jarrod Tai said Markscon was appointed due to their stellar track record and capability to self-perform construction of critical elements.&nbsp;

“Markscon has helped deliver some of Melbourne’s most boundary-pushing projects, including two Nightingale projects,"&nbsp;Tai said.

"Both Markscon and Gamuda share a vision of creating meaningful and sustainable urban environments.”&nbsp;

[smartcode_project:default project_id=137950 project_image_fid=257440]

The City of Port Phillip showed its support for the project during the groundbreaking ceremony, with Cr Marcus Pearl, Cr Peter Martin and Cr Christina Sirakoff attending on behalf of the Mayor of the City of Phillip.&nbsp;

Fareham is due for completion in 2026.

[smartcode_project_cta:default project_id=137950]

Gamuda Land break ground on $90 million Fareham, St Kilda apartments

<a href="/developers/sterling-global">Sterling Global</a> received the green light for its $520 million residential and lifestyle hotel development at 623 Collins Street in <a href="/developments/melbourne-vic">Melbourne</a>'s CBD from the Victorian Department of Transport and Planning.

Strategically located at the <a href="/new-apartments/623-collins-street-melbourne">intersection of Collins and Spencer Streets</a>, the 42-level mixed-use tower has been designed by <a href="/architects/carr-design">Carr Architects</a> and will home 175 apartments above a 229-room hotel that will occupy the heritage podium levels.

There will also be 2,717 sqm of commercial space.

The hotel will also include a fine dining restaurant, enhancing the lifestyle offerings for local workers, residents, and travellers.

<img alt="623 Collins Street" data-entity-type="file" data-entity-uuid="d353d599-7e78-4b2f-9029-bd25d3558a9e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Collins%20Street%20Development.jpg?VersionId=SRi4o9u6ms1gAJPtoYdxlrrQstI_LFTk" />

623 Collins Street will uniquely integrate modern architecture with historical elements, thanks to the collaboration with heritage consultants Lovell Chen.

The upper levels of the tower are set back to preserve the original facades of the 1923 State Savings Bank, which will be meticulously restored and refurbished.

Scheduled to launch on the market in early 2025, with construction commencing next year, the project is anticipated to reach practical completion by early 2028.&nbsp;

This significant undertaking is part of Sterling Global’s expansive development portfolio, now valued at over $1.6 billion, which includes a variety of commercial, retail, residential, and land assets.&nbsp;

Sterling Global's other current projects include the luxury residential <a href="/buildings/como-terraces-south-yarra-139-alexandra-avenue-south-yarra">Como Terraces</a> in <a href="/developments/south-yarra-vic-3141">South Yarra</a> and the urban infill project Talbot Village in Melbourne’s southeast.

Sterling Global’s $520 million Collins Street hotel and apartment development approved

Privately-owned developer, Sunkin Property Group, has formally appointed SK Construction to deliver on its $600 million masterplanned development, Highett Common, in Melbourne’s bayside.

The partnership commences a unique builder-developer relationship between the two companies, with SK Construction and <a href="/developers/sunkin-property-group">Sunkin</a>&nbsp;forming a completely exclusive agreement to deliver the developer’s existing and future project pipeline. &nbsp;

The announcement coincides with the commencement of Highett Common’s $70 million stage 1 construction program, which will see 167 new apartments completed by late 2025.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/ACtwfoM658M?si=nToewq-q-N5QEIY0" title="YouTube video player" width="560"></iframe>

The 9.3-hectare precinct will be delivered in multiple stages over the next five years, with Sunkin anticipating the delivery of over 1000 new apartments and townhouses across the master plan by 2029.&nbsp;

[smartcode_project:default project_id=108019 project_image_fid=212655]

Lloyd Collins, General Manager of Property at Sunkin Property Group, says the developer considered several external builders for <a href="/new-apartments/highett-common-37-graham-road-highett-vic-3190">Highett Common</a> before an exclusive partnership was created with SK Construction.&nbsp;

“The exclusive partnership with SK Construction allows Sunkin to have complete oversight over the delivery status and budget of each stage within Highett Common," Collins says.

"This agreement allows us to better control the construction process and therefore provide additional delivery assurance to our customers. &nbsp;

“Across the industry, we’ve witnessed a 30 per cent increase in construction companies going insolvent over the past 12 months, and it was critical for us to protect the project and our purchasers from any similar risks.

"This will allow us to manage relationships directly with our preferred trades, have greater visibility over quality control, manage risks and ultimately manage timely delivery for all involved. It’s not about margin or additional profit, in fact in light of the construction pricing challenges, this allows us to run construction at lower margins which ultimately builds value for the end occupants."

Collins says it is&nbsp;critical to the project’s enduring long-term value that its amenities and public facilities are delivered to enduring standards, including its vast open green spaces, playgrounds, community hub and library so that Highett Common can become a thriving precinct for generations to come, as well as catering to the future &nbsp;population demands of the area.

[smartcode_project:default project_id=108019 project_image_fid=212656]

Recognising construction confidence is a contributing factor to sales success, Sunkin recently completed over $10 million of early infrastructure works at Highett Common including roads, kerb and channelling, water infrastructure and early basement works. The developer has now exceeded $90 million in apartment sales at Highett Common to date, exceeding initial sales targets by $20 million.&nbsp;

SK Construction will work alongside Sunkin to further deliver on Highett Common’s net-zero ambitions, with its in-house design and procurement team sourcing internal and external materials and products that reduce energy consumption and provide the ability to rely on green electricity.&nbsp;

Solar panels will be incorporated in each of the precinct’s buildings to meet the project’s net-zero targets, meaning each residence will be able to access green electricity. This will also extend to public and private amenities, with plans for lighting in the communal areas and a new public library to have the ability to generate solar power.

[smartcode_project:default project_id=108019 project_image_fid=213940] 
&nbsp;&nbsp; 
Thermally insulated windows and door systems will also be used throughout the project, which have been specifically developed for their size and scale.

Collins says ensuring one construction partner for the lifetime of the development program means that they can forward plan important elements of future construction phases, particularly around green spaces and landscaping.

"This means that wellness and recreation facilities have the benefit of mature plantings by the time they are open for use."

[smartcode_project:default project_id=108019 project_image_fid=213937]

The construction delivery of Highett Common will also conform to Tier 1 ISO standards across Environmental, OH&amp;S and Quality Management Systems. SK Construction has also developed a specific waste management plan to assist in achieving the project’s sustainability targets, with a certified waste management contractor in place to ensure at least 80 per cent recycled content can be effectively used. &nbsp;

During the construction program, SK Construction will work alongside Sunkin, <a href="/architects/clarke-hopkins-clarke-0">Clarke Hopkins Clarke</a>, Tract&nbsp; Consultants and Bayside City Council to maintain and preserve native flora and fauna within the site’s 3- 3-hectare conservation area.&nbsp;

Stage 3 of Highett Common will launch to the public in Q3 2024, with completion of the entire masterplanned precinct anticipated for completion by 2029.&nbsp;

[smartcode_project_cta:default project_id=108019]

Sunkin establishes strategic partnership with SK Construction to deliver on $600m masterplanned precinct 

Sunkin Property Group break ground at Highett Common masterplan

Construction has commenced at Geelong's newest apartment development.

Motif, a collection of Rothelowman-designed apartments by&nbsp;<a href="/developers/dm-property">DM Property</a>&nbsp;and joint venture partner <a href="/developers/icon-developments">Icon Kajima</a>, is being delivered by regarded construction firm Hamilton Marino, their first apartment project on the Bellarine.

Piling work at 1 York Street has been completed and the bulk excavation phase is now underway.&nbsp;<a href="/developers/hamilton-marino">Hamilton Marino</a> is currently digging out the basement to ready the ground for slab work.

[smartcode_project:default project_id=136615 project_image_fid=241453]

DM and Icon Kajima have partnered with renowned architecture firm <a href="/architects/rothelowman">Rothelowman</a> to design the five-level, 129-apartment building which is already over 60 per cent sold.

The location's rarity for new apartment developments in Geelong played a significant role in achieving such remarkable sales figures.

"<a href="/new-apartments/motif-geelong-1-york-street-geelong-vic-3220">Motif</a> is situated in an ideal location, and its progressive design credentials led by Rothelowman have positioned the development to address the sustained undersupply of apartments within the Victorian housing market,” Nick Sestak, Senior Development Manager of Icon Kajima, said.

[smartcode_project:default project_id=136615 project_image_fid=241456]

The ground floor hosts a generously sized plaza-like space landscaped by <a href="/landscape-architect/acre">ACRE</a>, providing a communal area for residents to gather and enjoy.

Ideally located at 1 York Street on the fringe of the CBD, Motif is just a stone's throw from Pakington Street's cafes, restaurants and bars, and the Little Malop Street precinct, home to The <a href="/developments/geelong-vic-3220">Geelong</a> Library and Heritage Centre, the most striking piece of architecture in town, while all being one street away from the water.

[smartcode_project_cta:default project_id=136615]

Motif Geelong apartments start construction

Fitzroy North's apartment scene is set to be bolstered by a striking, fossil fuel-free new development.

Plans submitted by Second Nature Developments for a&nbsp;part two-storey, part six-storey mixed-use development with 21 dwellings and three retail tenancies on St Georges Road have been approved.

The building will sit across&nbsp;197-201 and 203-205 St Georges Road, creating a 989 sqm block near Edinburgh Gardens.

<img alt="First look: Fitzroy North set for fossil fuel-free new apartment development" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-10-18%20at%207.20.40%20pm.png?VersionId=DMsB95VNNBGOi68kD.IUDGquuRZzeRAa" />

<a href="/architects/austin-maynard-architects" target="">Austin Maynard</a>&nbsp;Architects are behind the designs for the new project which will have 17 apartments two and three-bedroom apartments and four double-storey townhouses to the western side of the building.

In their submission to the City of Yarra Council,&nbsp;<a href="/architects/austin-maynard-architects" target="">Austin Maynard</a>&nbsp;Architects said the design response for the subject site takes cues from the surrounding context with reference to building height, setbacks, articulation of form and amenity.

"The height of the proposal is justifiable in the precinct when considering the significant building heights not only present in the existing build form, but more recently permitted in the approval of the Piedemontes supermarket redevelopment," Austin Maynard said.

"Significant setbacks and upper-level articulation, the reduced bulk of the proposal also assists in reducing the perception of overall height of the building."

<img alt="First look: Fitzroy North set for fossil fuel-free new apartment development" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-10-18%20at%208.27.24%20pm_0.png?VersionId=T0rkk7wi2GJrzS_AypdaMoEWlQB9.n4x" />

They said, as&nbsp;a fundamental component of good design, sustainability is at the core of this proposed development.

"Passive solar gain is maximised where possible and light courts are located to allow for access to ample natural light and ventilation. This is a fossilfuel free building, with electrically run heatpump hot water. Solar PV panels on the roof will supplement the energy usage, and water collection/ re-use is maximised."

Town planner Ratio said the building proposes a flat roof form and will be of a contemporary design, comprising a suitable range of building materials including powdercoated metal, red brick and brickwork of muted tones, hit-and-miss brickwork and clear glazing.

"This material palette is derived from that of the surrounding streetscape which features predominantly heritage commercial buildings of masonry construction."

<img alt="First look: Fitzroy North set for fossil fuel-free new apartment development" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-10-18%20at%208.27.14%20pm.png?VersionId=umF1pTa4DVZLxgoI.yWz3sWIbpydIFCQ" />

When submitting the plans for the development in October last year, Ratio noted similar and higher density projects approved in the local area recently, specifically the&nbsp;VCAT approval nearby for 66 dwellings at 25-45 Best Street and 102-114 Scotchmer Street.

The design by&nbsp;<a href="/architects/jackson-clements-burrows-architects" target="">Jackson Clement Burrows</a>&nbsp;Architect for a seven-storey, mixed-use development also includes the retention of the existing&nbsp;Piedimonte’s supermarket, ancillary office space, a new bottleshop and a café.

First look: Approval secured for new fossil fuel-free Fitzroy apartment development

The scaffolding has been removed from <a href="/new-apartments/victoria-hill-camberwell-166-victoria-road-camberwell">Victoria Hill</a>, the new luxury apartment development by <a href="/developers/time-place">Time &amp; Place</a> in Camberwell.&nbsp;

The builder, <a href="/builders/hacer-group">Hacer Group</a>, recently completed the main structure of the building at 166 Victoria Road, allowing the architectural design by <a href="/architects/cera-stribley-architects">Cera Stribley</a> to be fully visible.

The 25 residences are a modern interpretation of Victorian homes, defined by brick cladding, glass balustrades, and lush landscaping.

[smartcode_project:default project_id=138722 project_image_fid=290262]

Victoria Hill offers two and three-bedroom floor plans ranging from 130 sqm, with interiors curated by interior design studio <a href="/interior-designers/hecker-guthrie">Hecker Guthrie</a>.&nbsp;

Residents will have access to various amenities, including a boardroom, gym, digital concierge, private garages, bike storage, parcel delivery, and dog wash facilities.

[smartcode_project:default project_id=138722 project_image_fid=290198]

Time &amp; Place Founder and Director Tim Price, a long-time resident of Boroondara, says the project aims to provide a lifestyle comparable to traditional <a href="/developments/camberwell-vic-3124">Camberwell</a> family homes, addressing the needs of residents who find larger homes and gardens increasingly difficult to maintain.

"Victoria Hill was crafted with these residents in mind, offering all the benefits of a significant family home, with large format terraces, breathtaking views, impeccable architectural and interior design quality and, of course, privacy," Price said.

Victoria Hill has also set new records in Boroondara for off the plan apartment sales, with three penthouses sold for a combined $30 million. One of these penthouses was purchased by Hacer Group's Vin Sammartino.

The Boroondara record had been around $6.5 million, secured in Kew for the penthouse atop Rondure House.

[smartcode_project_cta:default project_id=138722]

Victoria Hill offers two and three-bedroom floor plans ranging from 130 sqm, with interiors curated by interior design studio Hecker Guthrie

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