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

The Melbourne unit market bounced back in February as values in Australia's two largest capitals look to be trending up again.

The unit market in Melbourne outperformed houses, with units up 0.2 per cent over February compared to the house market up just 0.1 per cent.

CoreLogic Research Director Tim Lawless said that although&nbsp;growth rates in <a href="/new-apartments/sydney-nsw">Sydney</a> and Melbourne home values have levelled out, the monthly trend has accelerated, with Melbourne emerging from a three month slump of negative monthly movements to record a subtle 0.1 per cent (dwelling) rise in February."

Sydney dwelling values also moved back into positive territory over the past two months after recording a subtle decline in November and December.

“Potentially we are seeing some early signs of a boost to housing confidence as inflation eases and expectations for a rate cut, or cuts, later this year firm up,” Lawless said, adding that an&nbsp;improvement in consumer spirits has historically played out positively for housing activity, with higher sentiment generally accompanied by a lift in home sales and vice versa.

"Westpac and the <a href="/new-apartments/melbourne-vic">Melbourne</a> Institute reported a 6.2% lift in the consumer sentiment index for February, taking the reading to the highest level since June 2022."

<h2>What's happening in the Melbourne off the plan apartment market?</h2>

There were three major apartment launches over February, scattered throughout Greater Melbourne and even a rare development down on the Mornington Peninsula.

That was a boutique development in <a href="/new-apartments/rye-vic-3941">Rye</a>, on its way to the popular Portsea and Sorrento hotspots. <a href="/project-marketer/jellis-craig-projects">Jellis Craig Projects</a> Director Stephen Bowtell says the project was received by the market on the launch late last month, particularly by inner-city dwellers who were looking for a lock up and leave weekender on the Peninsula.

[smartcode_project:default project_id=138483 project_image_fid=253203]

"You're in the heart of the Peninsula, 50-metres to the sand and across from the Rye Sailing Club. A house down on the Mornington Peninsula doesn't get you that," Bowtell said.

Each of the one, two and three-bedroom apartments come with their own beach box-style storage spaces. Given the proximity to the sand, they are in essence a beach box.

[smartcode_project:default project_id=138483 project_image_fid=253215]

Developer Curtis York, founded by Nick Peters and James Way, is behind&nbsp;2135 Point Nepean Drive&nbsp;which has been designed by&nbsp;Cera Stribley Architects.

Prominent inner-city builder developer, <a href="/developers/pace-development-group">PACE</a>, launched their highly anticipated <a href="/new-apartments/fitzroy-vic-3065">Fitzroy</a> apartment development, <a href="/new-apartments/fabbrica-fitzroy-369-gore-street-fitzroy">Fabbrica</a>, toward the end of February.

They had <a href="/architects/sjb-architects">SJB</a> design a development of 78 one, two, and three-bedroom apartments and townhouses&nbsp;which integrates the industrial past of the site, once home to the Argyle Shirt Factory and Life Savers Confectionery Company, and connects to the&nbsp;contextual fabric and character of <a href="/new-apartments/fitzroy-vic-3065">Fitzroy</a>.

[smartcode_project:default project_id=139552 project_image_fid=254895]

PACE Sales Director Ash Bramich had a number of groups through, with a number of buyers wanting to customize their floorplans toward the upper end of the market.

"Some are wanting to move some walls around, taking a few metres from a living room to make a bedroom bigger," Bramich says.

"There's a small window that buyers can do that. Those who are downsizing in particular are very detailed-oriented with how they want the floorplan configured."

[smartcode_project:default project_id=139552 project_image_fid=254902]

The development provides a deliberate emphasis on larger apartments and offers personalisation options for buyers with two distinct colour schemes by <a href="/interior-designers/winwood-mckenzie-architecture">Winwood Mckenzie</a> or <a href="/interior-designers/bergman-co">Bergman &amp; Co</a>.

Fabbrica Fitzroy also features a number of amenities including an 800 sqm rooftop with&nbsp;views of the CBD, a bookable private dining room, communal kitchen, and lounge designed by Winwood Mckenzie, as well as dedicated work-from-home zones.&nbsp;

[smartcode_project:default project_id=139552 project_image_fid=240743]

<a href="/developers/gamuda-land">Gamuda Land</a> launched their <a href="/developments/st-kilda-vic-3182">St Kilda</a> project&nbsp;<a href="/new-apartments/fareham-st-kilda-95-st-kilda-road-st-kilda">Fareham</a>&nbsp;at 95&nbsp;St Kilda&nbsp;Road in February, which will bring another 78 apartments to the undersupplied Melbourne market.

The 18-level, development approved building was designed by BayleyWard and features a&nbsp;state-of-the-art fitness centre and a rooftop garden.

They're expecting completion in late 2026.

There were three major apartment launches over February, scattered throughout Greater Melbourne and even a rare development down on the Mornington Peninsula

City Beat March 2024: What's happening in the Melbourne off the plan apartment market?

Luxury boutique development firm PB &amp; Co&nbsp;is bringing its luxury development eye to East Melbourne with their heritage enveloped apartment development, Eblana.

Eblana will comprise just four luxury apartments in the landmark former residence of Young &amp; Jackson publican Thomas Jackson&nbsp;on Jolimont Street.

The original 1800s Italianate-style terrace&nbsp;will be retained as one of the apartments. The restoration will see a number of original features brought back to life like the the grand double-height ceilings with ornate cornicing and the original tiling.

A&nbsp;striking extension will rise from behind the building and will home the other three apartments. They have been designed to be in keeping with the original designs of the building with the facade display large&nbsp;arched windows, a reoccurring, dominant form in the heritage home.

[smartcode_project:default project_id=108801 project_image_fid=236536]

<a href="/developers/pb-co">PB &amp; Co</a> Vice President of Operations Edward Bun said they wanted to leave their mark in developing something special.

"We want to create a landmark on the Melbourne City fringe," Bun said.

Bun said when the building hit the market in 2020, it caught their eye because of both the history and the opportunity.

"The current building, which is under a heritage overlay, suited our approach to timeless architecture. It suited what we usually produce and is fully aligned with our vision."

"It's a landmark site and we wanted to be a part of the history and leave a lasting legacy on the City of Melbourne."

[smartcode_project:default project_id=108801 project_image_fid=236537]

Each apartment will have three bedrooms, multiple living zones, winter gardens and study retreats, as well as a fully automated car parking system likened to a James Bond-style of parking.

The three-level penthouse, expected to sell for over $20 million,&nbsp;will have views over Fitzroy Gardens and&nbsp;<a href="/developments/melbourne-vic" target="">Melbourne</a>'s skyline. It will feature a private rooftop terrace and infinity pool, accessed by either an internal lift or a sculpted spiral staircase.

The penthouse, with four-bedrooms in total, features a built in bar in the living room, while the library, which can double up as a home ofice or another living space, has its own fireplace.

[smartcode_project:default project_id=108801 project_image_fid=236544]

No expense has been spared in any of the building.&nbsp;

&nbsp;

There's a $2 million James Bond-style car parking system for the building. Future residents will park on the turntable, which doubles up as a lift that will take the cars to the secure basement level

&nbsp;

There's been imported fixtures and fittings from Italy and Greece, while some of the natural stone has been imported from Zimbabwe.

All residents will have access to a fitness centre, landscaped communal spaces for entertaining guests, and a private concierge service.=

&nbsp;

[smartcode_project_cta:default project_id=108801]

Inside East Melbourne's landmark ultra-luxury apartment development, Eblana

Following its recent topping out, GALERIE, the newest apartment development in Glen Iris, has hit another major milestone.

Over 70 per cent of the 29 two and three-bedroom apartments have been sold, as construction advances towards a late 2024 completion.

[smartcode_project:default project_id=112375 project_image_fid=256710]

Developer <a href="/developers/lds-property">LDS Property</a>, who is currently offering a five per cent deposit on the apartments for a limited time, has quietly managed to create a project which puts more confidence in the off the plan apartment market.

Read more:&nbsp;<a href="/news/vic/big-four-backed-under-construction-how-lds-property-have-de-risked-galerie-apartments-in-glen-iris">Big Four-backed, under construction: How LDS Property have de-risked GALERIE apartments in Glen Iris</a>

One of the rare developments on the market backed by a Big Four bank, GALERIE is being built by high-end, award-winning construction company&nbsp;<a href="/builders/iurada">Iurada</a>.

[smartcode_project:default project_id=112375 project_image_fid=250354]

The main building structure is all but complete, with windows being installed this month before Iurada shifts its focus to the internal fit-out of the apartments.

The development drew early interest from local downsizers and&nbsp;empty nesters seeking to remain within the <a href="/developments/glen-iris-vic-3146">Glen Iris</a> area. Last year&nbsp;a buyer opted to amalgamate two of the top floor apartments to create one large apartment, spending just over $4 million and setting new suburb record.

Read more:&nbsp;<a href="/news/vic/glen-iris-apartment-price-record-smashed-with-galerie-penthouse-sale-just-shy-of-4-million">Glen Iris apartment price record smashed with Galerie penthouse sale just shy of $4 million</a>

[smartcode_project:default project_id=112375 project_image_fid=250361]

Designed by <a href="/architects/ewert-leaf">Ewert Leaf</a> and complemented by landscaping from <a href="/landscape-architect/john-patrick-landscape-architects">John Patrick Landscape Architects</a>, GALERIE boasts a low-rise structure that distinguishes itself with a dynamic asymmetrical facade.&nbsp;

The building, located on High Street, features expansive landscape courtyards or elevated balconies that provide panoramic views of the metropolitan area.

<a href="/project-marketer/projects-by-buxton">Projects by Buxton</a> is marketing GALERIE.

[smartcode_project_cta:default project_id=112375]

One of the rare developments on the market backed by a Big Four bank, GALERIE is being built by high-end, award-winning construction company Iurada

Staff Writer

Under construction Glen Iris apartment development GALERIE hits 70% sold

International property developer Sunnyland Investment Development Group has reached a significant milestone at its St Kilda Road apartment development, Park Quarter.

They've sold 90 per cent of the apartments in the new development which integrates Marriott Executive Apartments, one of the first in Australia.

They will sit below 244 apartments which start from level six. Levels 17 and 18 feature four penthouses, each boasting a private rooftop terrace complete with a pool and spa.

Late last year one of the penthouses sold for $13 million.

Read more:&nbsp;<a href="/news/vic/sidg-secure-13-million-penthouse-sale-at-park-quarter-on-st-kilda-road">SIDG secure $13 million penthouse sale at Park Quarter on St Kilda Road</a>

[smartcode_project:default project_id=134959 project_image_fid=210774]

Demolition at&nbsp;474 St Kilda Road will commence shortly, with a builder announcement expected to come soon after.

The robust response to Park Quarter has been underscored by its appeal, situated in one of Melbourne's prime locations along St Kilda Road.&nbsp;

<a href="/project-marketer/colliers">Colliers</a> Director Zoe Powell emphasised the rarity of such opportunities in the area, stating, "There's not been a lot of new development on St Kilda Road in the last few years. There's limited opportunity to buy brand new, certainly in this pocket across the road from Albert Park."

Read more:&nbsp;<a href="/news/one-of-melbournes-first-project-launches-in-three-years-unpacking-sunnylands-park-quarter-with-colliers-director-zoe-powell">One of Melbourne's first project launches in three years: Unpacking Sunnyland's Park Quarter with Colliers Director Zoe Powell</a>

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/nByQY7kyCGM?si=1siGYZTmHvmiv7uG" title="YouTube video player" width="560"></iframe>

<a href="/new-apartments/park-quarter-melbourne-474-st-kilda-road-melbourne">Park Quarter</a>, a distinctive tower draped in greenery and designed collaboratively by <a href="/architects/cox-architecture">Cox Architecture</a>, <a href="/architects/dko-architecture">DKO</a>, <a href="/architects/carr-design">Carr</a>, and <a href="/landscape-architect/paul-bangay-garden-design">Paul Bangay</a>, drew inspiration from the nearby Fawkner Park.&nbsp;

Residents of the development can opt for a club membership subscription, granting them access to the Marriott amenities.&nbsp;

In addition to the hotel offerings, residents will enjoy their own set of amenities, ranging from a 24/7 concierge, pool, gym, and co-working spaces to a theatre room, golf simulator, pet wash room, mud room equipped with a high-pressure wash machine, and smart parcel lockers.

Completion of Park Quarter is slated for late 2026.

<a href="/developers/sidg">Sunnyland Investment Development Group</a>&nbsp;has owned the St Kilda Rd site for a number of years.

[smartcode_project_cta:default project_id=134959]

Completion of Park Quarter is slated for late 2026

Park Quarter on St Kilda Road 90% sold as construction commencement approaches

New apartment projects in&nbsp;<a href="/developments/hampton-vic-3188">Hampton</a> are continuing to add up, as developer <a href="/developers/noetic-places">Noetic Places</a>&nbsp;introduces the latest collection of apartments to hit the popular Bayside suburb.

The project,&nbsp;<a href="/new-apartments/noetic-place-hampton-28-34-service-street-hampton">Noetic Place</a>, comprises 33 two and three-bedroom large-scaled apartments just an eight-minute walk to the Hampton Station.

Designed by <a href="/architects/fk-australia">Fender Katsalidis</a>, the three-level building features a stepped facade that aims to provide privacy from neighbouring properties and blend with the street's layout.

[smartcode_project:default project_id=134934 project_image_fid=277881]

&nbsp;

Noetic Place will resemble three separate homes along Service Street, mimicking the scale of nearby houses. The exterior design is inspired by local Edwardian homes and beachy tones, featuring a light sandy brick facade with warm metallic details and timber battens.

In collaboration with local landscape architect <a href="/architects/eckersley-garden-architecture">Eckersley</a>, Noetic Place prioritises green spaces by retaining established trees on-site and introducing curated pockets of local and native flora. This thoughtful approach ensures that Noetic Place is a harmonious extension of the neighbourhood.

&nbsp;

Upon entering Noetic Place, residents will be greeted by a lobby where the exterior brickwork textures smoothly transition into a spacious triple-height area featuring rose-tinted travertine stone, lush greenery, an overhead oculus skylight, and distinctive paving below.

&nbsp;

For the interiors of the apartments,&nbsp;Fender Katsalidis has chosen finishes and fixtures that align more with custom-designed, architecturally crafted homes.&nbsp;

Each residence is individually designed to maximise natural light and provide views of gardens or the neighbourhood.

&nbsp;

Residents will have access to several communal amenities, including a garden to the south of the site, featuring a pavilion with a kitchenette and a library for residents to enjoy.

Noetic Place is only 500 metres from Hampton Street, Hampton's go-to retail strip with specialty stores and eateries, including a grocer, baker, gourmet delicatessen, juice bar and a fruit market.

Three Sixty Property is marketing Noetic Place.

[smartcode_project_cta:default project_id=134934]

Each residence is individually designed to maximise natural light and provide views of gardens or the neighbourhood

Noetic Places launch new Hampton off the plan apartment development

Melbourne's Footscray is continuing its gentrification with a boutique apartment development recently launched on Victoria Street.

The project, simply named <a href="/new-apartments/11-victoria-street">11 Victoria Street</a> due to its prime position on the connected street, comprises just 18 one, two and three-bedroom apartments which start from $415,000.

The wide variety of configurations will likely attract young professionals and local downsizers who haven't had much of an opportunity to buy a brand new apartment in a low-rise building.

[smartcode_project:default project_id=143391 project_image_fid=245697]

The contemporary apartments feature timber floorboards throughout and high 2.7-metre ceilings.&nbsp;

The kitchens are well equipped with Bosch appliances, complemented by Caesarstone benchtops paired with gunmetal grey fittings and modern gold handles.

&nbsp;

[smartcode_project:default project_id=143391 project_image_fid=256065]

The bathrooms follow suit with matching Caesarstone benchtops, gunmetal grey fittings, curved-edge vanities, and round basin combos set against contemporary feature tiles.

The carpeted bedrooms include built-in robes and dedicated ceiling fans, while efficient air conditioning and heating ensure year-round comfort for residents throughout the home.

11 Victoria sits at the northern end of Victoria Street, right next to Barkly Street and its bars and restaurants. The project is just a short walk down either Barkly or Paisley streets to the <a href="/developments/footscray-vic-3011">Footscray</a> Plaza shopping mall.

11 Victoria Street is currently under construction by <a href="/developers/buckner-built">builder developer Buckner Built</a>, who is targeting a December 2024 completion date.

[smartcode_project_cta:default project_id=143391]

11 Victoria Street is currently under construction by builder developer Buckner Built, who is targeting a December 2024 completion date

Boutique apartment development launches in Footscray

Late last year architecturally driven developer Wickton released Linacre Rise, one of the closest new developments to Sandringham Beach.

Wickton, led by Blanco Norton and architect Will Leaf, has put together a contemporary beachside building with 27 two and three-bedroom apartments just behind Peace Park and Triangle Gardens.

Leaf's architecture firm <a href="/architects/ewert-leaf">Ewert Leaf</a>&nbsp;aimed to create a living environment that exudes openness, brightness and an elevated aesthetic that will also stand the test of time.

[smartcode_project:default project_id=95289 project_image_fid=229694]

"Capitalising on a location in one of <a href="/developments/hampton-vic-3188">Hampton</a>’s highest areas, each residence at Linacre Rise has been carefully designed to capture superb views in every direction," the architecture firm said.

"Drawing on the timeless warmth and craftsmanship of traditional brickwork for the exterior. The building itself nestles into terraced landscaping, with ground apartments elevated above the street and generous balconies on higher levels offering views across landscaped planters to the bay."

<a href="/new-apartments/linacre-rise-hampton-8-10-linacre-road-hampton">Linacre Rise</a>&nbsp;covers 58 per cent of the 2,415 sqm double-block, which will sit in landscaping by <a href="/architects/john-patrick-landscape-architects">John Patrick Landscape Architects</a>.

The project offers thoughtfully designed homes with spaces ideal for both entertaining and relaxation. In the main living area, the herringbone timber flooring complements the sleek wall panelling with integrated storage.

The kitchen combines visual appeal with practicality, well-equipped with Swiss V-Zug appliances, an island bench, natural stone benchtops, premium joinery finishes, and crafted handle details.

[smartcode_project:default project_id=95289 project_image_fid=229698]

The dining area brings the kitchen and living spaces together, while the inclusion of a wine fridge adds to the space’s functionality.

The bedroom and dressing room areas feature full-height robes with double-hanging and full-hanging sections and drawers.

Linacre Rise has also been designed to be environmentally responsible and energy efficient for residents. Every apartment gets at least two parking spots in the basement parking which has electric vehicle charging points.&nbsp;

[smartcode_project:default project_id=95289 project_image_fid=229695]

The inclusion of solar panels aims to decrease dependence on traditional energy sources to lower electricity bills and reduce carbon footprint.

A rainwater harvesting system is in place to collect and store water for toilet flushing and landscape irrigation, while water-efficient fixtures and appliances have also been selected to minimise water consumption.&nbsp;

<a href="/developers/wickton">Wickton</a> is anticipating a Q1 2025 completion for Linacre Rise.

[smartcode_project_cta:default project_id=95289]

Wickton is anticipating a Q1 2025 completion for Linacre Rise

Inside Hampton's newest off the plan apartment development, Linacre Rise

After successfully selling down a number of apartments off market, Orb Property Partners has hit the go button on WOBO, in the North Melbourne Tapestry precinct which is set to be a game changer for the area.

WOBO, designed by <a href="/architects/fk-australia">Fender Katsilidis</a>, is part of the first stage of Tapestry, the 1.4-hectare lifestyle-led project bounded by Alfred Street and Boundary Road.

<a href="/new-apartments/wobo-north-melbourne-103-105-boundary-road-north-melbourne">WOBO</a> will comprise&nbsp;99 one, two and three-bedroom warehouse-style apartments. All one-beds have already been snapped up, leaving two and three-bedrooms starting from $590,000.

[smartcode_project:default project_id=112082 project_image_fid=249769]

<a href="/developers/orb-property-partners">Orb Property Partners</a> Director David Wardlaw said it had been a long hard road to getting the project live, having initially bought the site well over a decade ago.

"The philosophy was to make a community-focused precinct which would bring in a diverse mix of residents, from frontline workers to young families and downsizers," Wardlaw said.

"We looked at some of the best lifestyle precincts in the world, from the US to Europe, and tried to create something similar in Melbourne, far and above what's come before."

[smartcode_project:default project_id=112082 project_image_fid=249784]

There was a conscious effort during the design and development phase from Orb and FK to cater for families, who Wardlaw says aren't really catered for in the modern day apartment developments.

"We tried to encourage a family lifestyle, with larger apartments crafted with dedicated kids zones. We want families to be integrated with the community."

The precinct will feature significant communal facilities in the form of a sustainable wellness centre, fresh food marketplace, co-working spaces, alfresco areas, and the Private Members Lounge complete with a central fireplace and&nbsp;modular lounges, designed to bring the residents of WOBO together.

The ground level will be activated with everything a resident could need, with premium retail, cafes and restaurants, as well as a bar, bakery, hairdressers, beauty salon and a medical centre.

[smartcode_project:default project_id=112082 project_image_fid=249783]

The apartments merge the industrial heritage of <a href="/new-apartments/north-melbourne-vic-3051">North Melbourne</a> with the cool, loft-style living of New York.&nbsp; Living spaces are framed by white oak, while timber floors lie under foot, with exposed concrete ceilings above.

Light and bright kitchens of refined joinery, premium SMEG appliances and natural stone benchtops connect to bathrooms, fitted with future-retro style fluted glass and bronze finishes.

[smartcode_project:default project_id=112082 project_image_fid=249773]

Part of the design brief was for the apartments to have sustainability benefits.

There's solar panels on the rooftops, a state of the art organic energy plant in the precinct, electric vehicle shares cars, and the retail and hospitality venues will be waste free.

[smartcode_project:default project_id=112082 project_image_fid=249788]

<a href="/project-marketer/projects-by-buxton">Projects by Buxton</a> Director Heath Thompson says Tapestry will be the&nbsp;preeminent hub of North Melbourne when it’s completed in 2026, with a community-led precinct at its core.

"We're seeing a complete suite of demographics, with investors, slightly older first home buyers, and families all showing interest," Thompson says.

"We anticipate there to be some regional buyers who are looking for a city bolthole, as well as those on the fringes of Melbourne like Seddon and Footscray. It will have a broad appeal."

Genuine prospective buyers at WOBO can walk around the floorplans in real life at the nearby Big Plans warehouse space, which allows buyers to literally walk around the apartment they're looking at buying, with the floorplan projected onto the floor. Furniture on wheels allows buyers to get a true sense as to how they would live in the apartments.

Demolition on site is expected to be complete toward Q2 2024, with construction to kick off soon after. Completion is slated for early 2026.

[smartcode_project_cta:default project_id=112082]

Demolition on site is expected to be complete toward Q2 2024, with construction to kick off soon after. Completion is slated for early 2026

WOBO apartments launch in North Melbourne's new Tapestry precinct

Less than three per cent of dwellings in the Mornington Peninsula region, about an hour south of Melbourne, are apartments, which makes&nbsp;2135 Point Nepean Drive one of the rarest apartment developments Victoria has seen in years.

Developer Curtis York, founded by Nick Peters and James Way, is spearheading the landmark project which will bring just a handful of Cera Stribley Architects-designed apartments to 2135 Point Nepean Drive, 50 metres from the sand.

[smartcode_project:default project_id=138483 project_image_fid=253212]

Jellis Craig Projects Director Stephen Bowtell said it's rare to be marketing a project which caters for a wide range of demographics.

He expects the strongest market to be those who live in the inner-city who have always holidayed on the Mornington Peninsula, but have never bought, whether it be because of the price of houses or that the classic Mornington Peninsula acreage doesn't lend itself to being utilized as a lock up and leave weekender.

[smartcode_project:default project_id=138483 project_image_fid=253203]

<a href="/architects/cera-stribley-architects">Cera Stribley</a>&nbsp;was inspired by the beach, particularly for their striking curved facade which will be enveloped in lush landscaping.

The apartments feature open-plan layouts, connecting living, dining, and kitchen areas, all surrounded by floor-to-ceiling double-glazed windows and doors that lead out to large terraces with ocean views.

The apartments will sit atop a ground-level retail space. Despite the boutique nature of the development,&nbsp;<a href="/developers/curtis-york">Curtis York</a>&nbsp;has pushed the limits of the residential amenity, in the form of a resident lounge, beach showers, and a wellness retreat on the roof. Cera Stribley has even designed clever storage boxes, mocked up like the boxes Rye is well known for.

[smartcode_project:default project_id=138483 project_image_fid=253214]

Residents of 2135 Point Nepean will enjoy an array of exclusive amenities, including a ground-level retail space, a residents' lounge, beach showers, a clever 'beach box' storage for each apartment, and a residents-only rooftop with a pool, deck, alfresco space and barbecue facilities.

Curtis York has delivered various residential and commercial projects across multiple Victorian suburbs, including <a href="/new-apartments/cremorne-vic-3121">Cremorne</a>, <a href="/new-apartments/prahran-vic-3181">Prahran</a>, and <a href="/new-apartments/belmont-vic-3216">Belmont</a>.

[smartcode_project_cta:default project_id=138483]

Cera Stribley was inspired by the beach, particularly for their striking curved facade which will be enveloped in lush landscaping

Curtis York launch "never before seen" Rye apartment development

Billionaire tech entrepreneur Robin Khuda's development arm Ondas has had plans approved for a shop-top apartment development in Melbourne's St Kilda.

The Sydney-based Khuda, the founder of data centre operator Airtrunk, submitted plans in late 2022 for 16 apartments above retail space across an amalgamated 1,603 sqm site on the corner of Fitzroy Street and The Esplanade.

There had been two objector parties which went to the Victorian Civil and Administrative Tribunal (VCAT), but negotiations meant there was no need for a formal hearing.

One of the four sites, which will be amalgamated to run from <a href="/new-apartments/3-15-fitzroy-street-st-kilda">3-15 Fitzroy Street</a>, opposite Catani Gardens and just before The Esplanade bends around to&nbsp;<a href="/developments/st-kilda-vic-3182">St Kilda</a>&nbsp;beach.

Designed by Warren &amp; Mahony, the $22 million project will encompass 16 apartments, predominantly three-bedders, above 244 sqm of commercial space and 327 sqm of retail space across the four amalgamated sites which will span 3-15 Fitzroy Street.&nbsp;

<img alt="St Kilda" data-entity-type="file" data-entity-uuid="4ee8961d-c272-47dc-bc04-880a9a3c184b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-28%20at%202.53.40%20pm.png?VersionId=_hsE0QcJ2Kd6tV3p7HgRbOSkIRUv0FyC" />

In their Urban Context Report submitted to the City of Port Phillip Bay Council, <a href="/architects/warren-and-mahoney">Warren and Mahoney</a> said the apartments are designed as "urban villas".

"Set beyond the bustle and energy of Fitzroy Street, accessed via a private concourse that leads to a secret garden, is a series of private and secluded villas that provide the recluse and quiet that we seek when we wish to wind down and reset, with close access to the lifestyle and vibrancy that this bayside location offers.

"The villas are all planned with private open spaces in mind; to host families, friends or colleagues.

"The interiors of these homes offer lush garden spaces where you can curate your own gatherings or simply rest.

"The surfaces that you touch are warm and textured, the wellbeing of inhabitants enhanced with an abundance of natural light and private outdoor spaces. The resort like volumes, planning and tactility are as restorative as being on holidays."

<img alt="St Kilda" data-entity-type="file" data-entity-uuid="e17b0e4c-4674-4a1d-a285-f257b1043e4d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-28%20at%201.24.44%20pm.png?VersionId=atsYWBzcViGiX4CseSgy7ZLAI70eOkDm" />

It was necessary for the development to preserve the heritage value of the site, which includes an Art Deco, heritage-listed building which dates back to the mid-1880s.

The facades of the existing buildings will be retained, while the original roofs will be reinstated.

Planning &amp; Property Partners submitted the application on behalf of Ondas.&nbsp;

[smartcode_project_cta:default project_id=139637]

Since the lodgement Khuda's development arm, Ondas, has emerged.  Planning & Property Partners submitted the application on behalf of Ondas

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