<a href="https://www.apartments.com.au/developers/sunland-group">Sunland Group</a> has officially lodged plans for its first Gold Coast apartment project since the departure of the Abedian family from the company three years ago, unveiling a new high-rise proposal for a prominent Broadbeach corner site on Old Burleigh Road.

The application was submitted by an entity directed by Tom Jamieson, stepson of longtime Sunland leader Soheil Abedian, and Riaz Rezvanipour, brother-in-law of Sahba Abedian, Soheil’s son.

Sunland acquired the 1,283 sqm site on the corner of Old Burleigh Road and Armrick Avenue for $9.5 million late last year and is now seeking approval for a <a href="https://www.apartments.com.au/new-apartments/99-101-old-burleigh-road-broadbeach-qld-4218">42-storey tower with 81 apartments</a>.

<img alt="First look: Sunland Group returns to Broadbeach with new Old Burleigh Road tower plans" data-entity-type="file" data-entity-uuid="fea2946d-90ee-4cfc-babe-2a8ad5db2cb6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers.png?VersionId=BV0fihJw31nDIQ8ozY_h3GbS8mxDyhnm" />

Designed by <a href="https://www.apartments.com.au/architects/contreras-earl-architecture">Contreras Earl Architecture</a>, the proposed tower at 99-101 Old Burleigh Road would deliver a predominantly larger-format apartment mix aimed at the owner-occupier market. Plans include 17 two-bedroom apartments, 55 three-bedroom apartments, and nine four-bedroom residences across 35 residential levels.

The development also incorporates three basement levels, four podium parking levels, two levels of communal recreation facilities, and rooftop plant and equipment. A total of 189 car spaces are proposed, significantly exceeding the 90 spaces required under the planning scheme.

The architecture adopts a sculpted, curvilinear form, with deep wraparound balconies and integrated landscaping intended to soften the tower’s vertical expression. The planning report states the building’s “slender footprint/form provides a complimentary yet varied built form within the local streetscape” and contributes to “a varied, yet ordered skyline.”

Contreras Earl noted in its Architectural Statement that from the early stages, the project addressed a fundamental challenge: how to accommodate the required residential yield while avoiding the conventional model of a tower sitting on a rigid, fully resolved parking podium.

“The most direct response would have been to consolidate parking into a singular, flat podium and extrude a repetitive tower above,” the statement said. “While efficient, this approach would result in a consolidated built form with limited engagement with the surrounding landscape and public realm.”

Instead, the conventional podium model was “deliberately rejected”. The architects described the base of the building as “a landscaped architectural condition where structure, planting and circulation are integrated”.

“Rather than presenting a continuous built mass, the base of the building is articulated through a series of concrete planter elements that organise the podium into a fragmented system,” the statement said. “This approach reduces the perceived bulk of the lower levels while establishing a more permeable interface with the streetscape and adjacent open space.”

<img alt="Sunland" data-entity-type="file" data-entity-uuid="923fad8d-c960-4527-8fbe-975cf1ddf88d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%2010.32.03%E2%80%AFAM.png?VersionId=pngwb0hYOIUpq9vDw6F2EsOiVuHF3DiX" />

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The site sits within the High Density Residential Zone and inside the City of Gold Coast’s unrestricted “HX” building height area, where the planning framework anticipates intensified residential development tied to the expanding light rail corridor. The planning report notes the area is undergoing “transition toward more intense development forms” given its proximity to Broadbeach, Surfers Paradise, and high-frequency public transport infrastructure.

Positioned directly opposite Broadbeach Park and within walking distance of Florida Gardens light rail station, the development would sit among a rapidly evolving stretch of Old Burleigh Road that has become one of the Gold Coast’s most active apartment development corridors.

The application joins a growing pipeline of luxury residential projects reshaping Broadbeach, including nearby developments by 5Point Projects, Polycell, and Graya.

The planning report argues the project contributes toward the Gold Coast’s long-term housing targets under the South East Queensland Regional Plan, which forecasts the need for more than 100,000 additional high-rise dwellings across the city by 2046.

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The Abedian family departed Sunland Group in late 2023, ending a four-decade association with the company, and subsequently established the private development firm Abedian &amp; Co. The group is currently delivering <a href="https://www.apartments.com.au/new-apartments/greenmount-residences-cnr-hill-street-and-marine-parade-coolangatta-qld-4225">Greenmount Residences</a> at Rainbow Bay and recently launched <a href="https://www.apartments.com.au/new-apartments/18-mary-avenue-14-18-mary-avenue-broadbeach-qld-4218">18 Mary Avenue</a> in Broadbeach.
</section>

Joel Robinson

First look: Sunland Group returns to Broadbeach new apartment market with new Old Burleigh Road tower plans

The Minns Labor Government has established the new Bays West Delivery Authority to lead the development&nbsp;of the Bays West Precinct and Blackwattle Bay Precinct.&nbsp;

The Authority is charged with creating Sydney’s newest precinct, a thriving, connected, sustainable hub with White Bay Power Station as its cultural heart. Its vision is to build on the area’s natural, cultural and industrial history to shape a vibrant new neighbourhood.

The precinct will deliver up to 8,500 well-located homes, including a minimum of 10 per cent affordable and essential worker homes. Combine new housing with public open space, opening public access to the waterfront for the first time in more than 100 years, while retaining important deep-water facilities to support Sydney’s working harbour.

Located just minutes from the Sydney CBD and connected to a world-class metro, ferry, walking and cycling links, the Bays West precinct will rebalance housing growth towards well-serviced inner-city locations and help tackle the state’s housing crisis.

The Bays West Delivery Authority,&nbsp;an agency of the Department of Planning, Housing and Infrastructure, will report to the NSW Minister for Lands and Property who already has oversight of major precinct renewal projects including at Blackwattle Bay and Barangaroo.

As part of the broader Bays West transformation, the Minns Government recently announced that a proposal from Lendlease to redevelop part of the Bays West Precinct has progressed to Stage 2 of the NSW Government’s unsolicited proposals process.

<img alt="Sydney" data-entity-type="file" data-entity-uuid="2ed71eb9-d8e8-4fa7-b9d1-de4531dcf2f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%209.42.31%E2%80%AFAM.png?VersionId=IDryFIbped9SNDg72LEN_EecvhUsOPvp" />

The Minns Labor Government has also confirmed the Bays West precinct will have a new suburb name. This will be the first major suburb built in close proximity to Sydney’s CBD in decades and will encompass the area currently being referred to as Bays West, including Glebe Island and the White Bay Power Station. Served by a new Metro station just five minutes from the CBD, it will become one of the most populous suburbs in the Inner West and one of Sydney’s premier cultural destinations.

An early works program is taking shape, which&nbsp;includes the first stages of an international design competition.&nbsp;

The aim of the Bays West&nbsp;International&nbsp;Design Competition is to&nbsp;ensure design excellence is embedded in the project from the start. The competition will deliver an&nbsp;urban framework that defines the character, ambition and long-term identity of&nbsp;this&nbsp;former industrial precinct as it transitions to a vibrant, inclusive and sustainable residential&nbsp;neighbourhood.

The competition will be led by the Bays West Delivery Authority in partnership with Government Architect NSW.&nbsp;

It will launch with an invitation for a global Expressions of Interest, before moving to an invitation-only stage that will be assessed by a panel that&nbsp;will provide advice to Cabinet who will select a winner.

Premier of NSW, Chris Minns said the establishment of the new Authority is the first step in transforming the Bays West precinct into a vibrant, livable suburb minutes from the Sydney CBD and two stops from Hunter St Station on the Metro West line.

“The Authority will deliver well-located homes close to the heart of the city and integrate the new precinct with Blackwattle Bay and the new Sydney Fish Market.

“This is a generational opportunity to build a new suburb on the city’s edge and open the harbour foreshore to the public for the first time in a century.”&nbsp;

Minister for Lands and Property Steve Kamper said the new Bays West Delivery Authority established by the Minns Government will turbocharge the development of Sydney’s newest suburb.

“The Authority is working at a record pace to deliver an international design competition, planning pathways and a financial model so that this development benefits Sydney with well-designed homes in a central location, close to public transport, jobs, entertainment and essential services.

“If we want Sydney to stay liveable and affordable, we need to be bold about using underutilised government-owned land to deliver homes for the future while making sure essential working harbour functions can be accommodated.”

Bays West Delivery Authority established to "turbocharge" Sydney’s newest suburb

Around 400 additional homes could be built at Southwark Grounds on Port Road, lifting total site capacity from 1300 to around 1700 dwellings.

A recently approved code amendment would allow apartment towers of up to 14 storeys in some areas of Renewal SA’s redevelopment of the former West End Brewery.

Renewal SA Acting Chief Executive Shane Wingard said he welcomed the code amendment, with the increase in heights and homes making a positive impact on the supply of high-quality, well-connected housing close to the city.

“By going higher across some parts of Southwark Grounds, we are adding a substantial number of very well-located homes with little impact on project delivery time or planned open space,” Mr Wingard said.

Since the project officially launched in 2025, Mr Wingard said more than 12,000 enquiries had been received about living at Southwark Grounds.

“The very strong early interest we’ve seen since homes were first released in the precinct reinforces our plans to create more housing opportunities,” he said.

The Southwark Grounds code amendment was launched in December last year, with community engagement undertaken over five weeks from January.

It proposed increasing maximum building heights from eight to 14 storeys on the eastern section of Southwark Grounds, and to 12 storeys across the remainder of the site, with minimum building heights ranging from two to four storeys.

The code amendment was implemented through an Early Commencement policy in late January, allowing developers to quickly explore the viability of increased height and housing yield while other planning processes continue.

One of the first developers delivering apartment sites have already finalised redesigns to increase the number of apartments following the code amendment.

Samaras’ development adjacent to the future Colonel Light Park is now planning to deliver 125 apartments across 11 storeys, significantly greater than original plans of around 50 apartments across four storeys.

The developer is also exploring the potential for additional affordable housing outcomes.

Most of the apartments at Southwark Grounds will be delivered within a master-planned precinct on a large parcel of land on the eastern portion of the site, covering around two-thirds of its 8.4 hectares.

Wingard said detailed precinct planning over the coming months may identify further opportunities to increase yield further that could see total apartment numbers at Southwark Grounds, exceed this number.

Affordable homes at Southwark Grounds will also see a net increase, with Renewal SA maintaining its commitment to a minimum of 20 per cent affordable housing across the development.

&nbsp;

&nbsp;

Civil works have begun across the site, with construction under way on the first new roads surrounding a townhouse precinct in the south‑west corner of Southwark Grounds. This includes Renewal SA’s 17 Founder’s Row homes, which are on track for completion by Christmas.

“We expect to have people living at Southwark Grounds by the end of the year, so delivering roads and public spaces for those residents is among our highest priorities.”

Construction of 40 townhouses off Anderson Street, known as West Village and being delivered by Contour, is forecast to begin in mid‑2026. Kolabb’s Anderson Lane development will follow shortly after, delivering a further 26 townhouses.

Southwark Grounds is a state government‑led urban renewal project now set to deliver around 1,700 homes over the next decade.

Homes will be supported by a supermarket, a range of retail and hospitality offerings anchored by a revitalised Walkerville Brew Tower, a childcare centre, car parking and well‑connected public spaces.

400 new homes planned for Adelaide's former West End Brewery site

Brisbane developer&nbsp;<a href="https://www.apartments.com.au/developers/cavcorp">Cavcorp</a> has lodged plans for a new mixed-use residential development at <a href="https://www.apartments.com.au/new-apartments/55-wyandra-street-teneriffe-qld-4005">55 Wyandra Street</a>, Teneriffe, anchored by an 85-metre public laneway designed to reconnect the suburb’s riverfront with the Gasworks precinct.

The buildings, known as Teneriffe House and Teneriffe Lane, would replace the existing Queensland Cotton head office site with a 15-storey residential tower transitioning to eight storeys toward Helen Street. The project has been designed by Plazibat Architects and lodged as a code assessable development application for 93 apartments across a 3,401 sqm mixed-use site within the Newstead and Teneriffe Waterfront neighbourhood plan.

Central to the scheme is the transformation of an existing service easement into a publicly accessible cross-block connection linking Wyandra and Helen Streets. Cavcorp says the new laneway will act as both a pedestrian shortcut and a landscaped civic space between the Teneriffe Riverwalk, ferry terminal, and Gasworks precinct.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="26e7f058-b065-4de8-b13d-a2b8cb64dfcc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/bldg.png?VersionId=sELS0ZKYi361oYipUa1BIKfe_.DLZoFV" />

“The revised proposal delivers a legacy public-realm cross-block link, permanently secured for community use, transforming an existing private easement into a safe, high-quality pedestrian connection between the Teneriffe heritage riverwalk and the Gasworks–Long Island precinct,” the planning report states.

The laneway will sit beneath a large subtropical loggia integrated into the podium levels of the development. The design incorporates deep landscaping, water gardens, lobby spaces, business lounges, and ground-floor apartments to create what Cavcorp describes as a climate-responsive “urban verandah.”

The tower itself has been designed as a slender form with recessed floorplates and curved translucent corners inspired by contemporary Japanese architecture. The building height aligns with the Commercial Road precinct controls, which permit towers up to 15 storeys within proximity to Longland Street.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="a8a17d40-43b6-4718-b3fd-67676fcbb485" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers%202_1.png?VersionId=i3VwDtp5AmL_8InW7w4qRbDFEpb744Jt" />

The project will comprise a mix of larger-format apartments aimed at owner-occupiers, downsizers, and families. The proposed apartment mix includes 11 loggia apartments across the lower levels, 50 four-bedroom Sky-Terrace apartments from levels three to seven, and 32 Sky-Pool Homes occupying the upper tower levels. The Sky-Pool Homes will feature private thermal plunge pools integrated into oversized balconies.

According to the application, the apartments are intended to reinterpret the scale and character of Teneriffe’s woolstore conversions and Queensland homes within a vertical residential format.

“The sky-pool homes build on Cavcorp’s previous projects and introduce a distinct apartment typology to Teneriffe, informed by both local and international precedent and responding to an identified market demand for enhanced safety, space and amenity,” the planning submission notes.

A major focus of the proposal is its five-level wellness and lifestyle offering, extending from the basement through to the rooftop.

Amenities proposed include a rooftop Swim &amp; Racquet Club with a 25-metre Olympic lap pool and tennis court, coworking spaces and libraries, golf simulators, wine storage, concierge facilities, business lounges, pet wash areas, and rooftop longevity-focused wellness spaces with spas, outdoor fitness zones, and landscaped terraces.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="944b352c-49b9-4247-a4c6-5967b4b69fda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenity.png?VersionId=Ed_qKjAtMwFT.5gfl3jiA9QwdWxSMsaX" />

All parking will be concealed within basement levels accessed from Wyandra and Helen Streets. Cavcorp says the deep-basement engineering approach allows the entire ground plane to prioritise landscaping, pedestrian movement, and active frontage rather than vehicle infrastructure.

The development continues Cavcorp’s concentration in Newstead and Teneriffe, where the Brisbane developer has delivered a number of apartment projects including Lucent, Le Bain, and Luminare, as well as the Long Island Wellness Precinct nearby. Several of those projects have received national design and architecture awards, including recognition under Brisbane’s “Buildings that Breathe” program.

Cavcorp unveils wellness-focused Teneriffe House and Teneriffe Lane apartment buildings

Focus Group Investments has lodged plans for a new apartment development at <a href="https://www.apartments.com.au/new-apartments/64-70-hanover-street-fitzroy-vic-3065">64–70 Hanover Street</a> in Fitzroy, seeking to utilise the Victorian Government’s recently introduced Great Design Fast Track pathway to accelerate approvals for the project.

The proposal is among the latest developments to emerge through the state-led initiative, which was established to fast-track well-designed residential projects in activity centres and transport-connected inner-city locations. The pathway allows qualifying developments that meet elevated design and housing benchmarks to bypass traditional council planning timeframes and instead be assessed directly by the Department of Transport and Planning.

Designed by SJB, the development will comprise a mix of apartments above activated lower levels, with a strong focus on architectural articulation, landscaping, and communal amenity. The design response seeks to balance the industrial character of Richmond’s former warehouse precincts with a more contemporary residential form.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="abea51cc-d85b-479e-9aef-a589f3b37ca7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ground.png?VersionId=e1Kf8EyPWwyiVumtqQ4rM5S4GpOR3CCz" />

Proposed are 63 new dwellings, a wide ranging mix of studio, one-, two-, and three-bedroom apartments, and townhouses and duplexes. They will be spread across a part-three, part-eight storey building.

The Planning and Urban Context Report by Tract says the development is of an "exemplary architectural standard" and has been carefully crafted by SJB Architects.

"Dwellings&nbsp;will benefit from excellent access to natural light, cross-ventilation opportunities and extensive communal space," the report noted.

The architectural material highlights the project’s integration of landscaped elements and communal spaces throughout the building. The proposal also incorporates sustainability initiatives aligned with the Victorian Government’s push for higher-performing apartment developments under the fast-track program.

The Great Design Fast Track was unveiled by the Victorian Government in 2024 as part of a broader housing supply strategy aimed at accelerating the delivery of new homes. Projects assessed through the pathway must demonstrate high-quality architecture, sustainability outcomes, and housing diversity while being located close to public transport and existing infrastructure.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="afdbe834-8dc4-4a77-a943-ba07bc927348" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_11.png?VersionId=0J657j.TaChAZfp93wqJYBTqSsnREJx2" />

Focus Group, founder and led by Paul De Lutiis, is increasingly active across Melbourne’s inner suburbs, targeting well-connected urban renewal locations suited to medium and higher-density residential development. The Fitzroy proposal continues that strategy, leveraging the area’s strong transport links, established retail amenity, and proximity to the CBD.

Fitzroy has been one of the most popular spots for developers and buyers in recent years. The likes of PACE Development Group, SMA Projects, Crema Group and Chapter Group, currently selling projects in the suburb.

First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Fitzroy apartments

Melbourne off the plan apartments

The recently completed Doncaster apartment development, <a href="/buildings/aradena-14-16-clay-drive-doncaster">Aradena</a>, sits on one of the most picturesque streets in the <a href="/developments/doncaster-vic-3108">suburb north-east of Melbourne</a>.

It was the second project in the Aradena series that architect Metaxas worked on with developer KPG Property Group. The <a href="/buildings/aradena-14-16-clay-drive-doncaster">five-level apartment building</a> at&nbsp;14-16 Clay Drive&nbsp;comprises just 22 apartments.

“<a href="/buildings/aradena-14-16-clay-drive-doncaster">Aradena Doncaster</a> is a highly sculptural building which follows the contours of its steeply sloping site,"&nbsp;George Metaxas, Metaxas Architects Principal, said.

[smartcode_project:default project_id=8504 project_image_fid=68763]

The building's façade commands attention, embracing the distinctive sloping terrain upon which it rests. With an asymmetrical profile, recessed voids and architectural protrusions imbue the structure with visual dimension, resulting in a bold yet composed contemporary aesthetic.

The restrained material palette is accentuated by sleek black window frames, featuring refined reflective glass. The entrance is adorned with verdant plantings, softening Aradena's modern exterior while harmonising with <a href="/developments/doncaster-vic-3108">Doncaster's verdant surroundings</a> and the lush foliage of Clay Drive.

Aradena's interiors, curated by Bergman &amp; Co., are a testament to artful design and attention to detail, with each residence exuding an sense of purpose and luxury that resonates with every touch.&nbsp;

[smartcode_project:default project_id=8504 project_image_fid=68767]

“We create unique and bespoke spaces that enhance people's experiences, a notion that is distinctly tangible within Aradena’s curated interiors," Wendy Bergman, Bergman &amp; Co. Principal, said.

"At once luxurious, homely and authentic, every aspect of these homes has been meticulously considered.”

[smartcode_project:default project_id=8504 project_image_fid=68765]

At the heart of the homes lies the expansive open-plan kitchen and living area, the very soul of domestic comfort. Generous floor-to-ceiling windows harness abundant natural light, suffusing the space with an invigorating and welcoming ambiance.

The well-designed kitchens boasts modern appliances, integrated with ample storage and textured tile surfaces, as well as chic veneer joinery which marries harmoniously with warm timber floors.

Two and three-bedroom apartments are still available in the development.

[smartcode_project_cta:default project_id=8504]

The five-level apartment building at 14-16 Clay Drive ​​​​​​​comprises just 22 apartments

alisonwarters@gmail.com

Inside the recently completed Doncaster apartment development, Aradena

Aster Apartments is the final release in the thriving Jackson Green masterplanned community by Cedar Woods in the heart of Clayton South.

The new precinct,&nbsp;just 20-kilometres from Melbourne's CBD,&nbsp;brings modern living to the forefront while seamlessly integrating into the dynamic fabric of Melbourne's south eastern suburbs.

Boasting a strategic location, Aster Apartments offers its residents an unparalleled blend of convenience, lifestyle, and community. From the bustling local markets offering the freshest produce to the sprawling retail haven that is Chadstone Shopping Centre, every necessity is a stone's throw away.

[smartcode_project:default project_id=4124 project_image_fid=187628]

The real allure of Clayton South lies not only in its retail offerings but also in its role as a hub for healthcare, transport, and education. The presence of numerous schools and the esteemed Monash University adds a layer of academic excellence to the area, making it a sought-after destination for families and students alike.

Set across three buildings, Aster Apartments was designed by DKO architects, with a focus on spacious open plan living areas and premium fixtures throughout. Each apartment echoes the ever-evolving nature of Melbourne's south eastern suburbs.

The final release of Aster Apartments within the Jackson Green community is a triumphant culmination of Cedar Woods' vision. Two and three bedroom apartments, adorned with generous living spaces and high-quality finishes, beckon residents to bask in the epitome of comfort and style.

[smartcode_project:default project_id=4124 project_image_fid=203080]

One of the standout features of Aster Apartments is its prime location, enveloped by green expanses. Set just opposite Jackson Green's central park, residents enjoy unparalleled access to outdoor serenity. Beyond the confines of their modern abode, a recreational haven awaits - complete with a dog park, basketball courts, the Djerring trail, and a myriad of other outdoor facilities for the community to revel in.

The multicultural tapestry of Clayton South and its environs is a testament to its diverse and vibrant community. A smorgasbord of dining and shopping options, including gourmet restaurants and cafes catering to every palate, paint a vivid picture of the suburb's cultural richness.

[smartcode_project_cta:default project_id=4124]

The new precinct, just 20-kilometres from Melbourne's CBD, brings modern living to the forefront while seamlessly integrating into the dynamic fabric of Melbourne's south eastern suburbs

Aster Apartments: A modern oasis in Clayton South's vibrant community

Boutique Melbourne property developer Piccolo has spent around $35 million on an apartment development site in <a href="/developments/kew-vic-3101">affluent Kew</a>.

The 8,475 sqm site at 18 Barry Street, on the corner of A'Beckett Street, will offer view lines across Yarra Bend Park and Studley Park, as well as the <a href="/developments/melbourne-vic">Melbourne CBD skyline</a>.

Piccolo Managing Director Michael Piccolo said from the very beginning, they saw the AAA-rated site as a perfect fit.

"Its location, surrounded by the serenity of leafy streets and impressive vistas, combined with its scale, liveability, and character, ticks&nbsp;all the boxes for us," Piccolo says.

"This unique opportunity is a rare gem in the current market, where properties of such calibre are extremely scarce."&nbsp;

While designs are currently being drawn up by Woods Bagot, in yet another partnership between the two, the project, A Piccolo House - Barry Street, Kew, is expected to be worth around $180 million.

The newly acquired site is currently occupied by a former Residential Aged Care Facility (RACF), comprising a combination of single and two-story buildings.

<a data-entity-type="file" data-entity-uuid="77ba6615-144d-4186-a23e-c25cd1373a69" href="/new-apartments/piccolo-house-barry-st-kew-barry-street-kew-18-barry-street-kew"><img alt="Piccolo" data-entity-type="file" data-entity-uuid="77ba6615-144d-4186-a23e-c25cd1373a69" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-14%20at%2010.41.33%20am.png?VersionId=Ys2gpCoTiIKYRZYXANxTmUt7rauWhtxT" /></a>

"At Piccolo, we are driven by the desire to create homes that come with the promise of longevity and also enhance the lives of our residents, and the surrounding community with timeless developments," Piccolo added.

"In addition to finding the right partners, the ability to find the perfect site for every Piccolo home is an important part of achieving this goal. A building should be about more than just the residents who occupy it – if it’s loved by the community, it will remain for generations."

Piccolo will also bring in fellow long-term partner Hecker Guthrie to transform the site into a connected community.

"We are excited to join hands once more with Woods Bagot to bring to life our vision for this exceptional development site. Their innovative approach to design, combined with our commitment to excellence, will once more result in remarkable living spaces that offer both luxury and functionality."

This site acquisition follows Piccolo’s sales success with 385 Gore Street, Fitzroy which is currently under construction after selling&nbsp;70% of the residences in less than 5 months.

Colliers Director for Development sites Hamish Burgess, who handled the transaction with colleagues Ian Sanders and Justin Hazell, said development propositions of this stature within one of Melbourne's most coveted residential locations are rarely offered to the market.

"Its corner location, potential for stunning view lines, proximity to Kew Junction shopping village, and unique scale provides the perfect foundation for a market-defining project.”&nbsp;&nbsp;

Piccolo Managing Director Michael Piccolo said from the very beginning, they saw the AAA-rated site as a perfect fit

Piccolo buys $35 million Kew site for next development

Orion International Group's Summus apartments in <a href="/developments/maribyrnong-vic-3032">Maribyrnong</a> was a landmark building when it was completed in 2018.

The three-tower, mixed-use development is among one of the tallest in <a href="/developments/maribyrnong-vic-3032">Maribyrnong</a>, comprises a mix of apartments, townhouses, and 45 hotel rooms currently operated by Quest.

Towering above its surroundings, Summus stands tall as one of <a href="/developments/maribyrnong-vic-3032">Maribyrnong’s</a> most distinctive landmarks, offering panoramic views that stretch across Melbourne's inner realms and the city skyline.&nbsp;

The strategic location of Summus amplifies its allure. With tram and bus stops conveniently positioned just outside the building, urban connectivity is at your doorstep. Nestled in the heart of Maribyrnong, this emerging hotspot effortlessly combines the tranquility of riverside living with the vibrancy of city life.

[smartcode_project:default project_id=764 project_image_fid=37052]

The world-renowned Highpoint Shopping Centre, a stone's throw away, ensures that retail therapy and culinary exploration are always within easy reach. The verdant Maribyrnong riverbanks beckon for leisurely strolls, and an eclectic array of restaurants and eateries cater to every palate.

The light-filled floorplans are a canvas for the carefully curated high-quality fixtures and fittings that adorn each apartment. The large double glazed windows not only flood the interiors with natural light but also ensure a serene and peaceful living experience.

The focus on comfort and luxury is clear in every aspect, with standalone car spaces and storage cages ensuring convenience without compromise. And for those seeking more, additional car spaces are available for lease, catering to the unique needs of every resident.

[smartcode_project:default project_id=764 project_image_fid=37055]

Summus is not just a place to live; it's a place to thrive. The communal garden retreat and entertaining area at the heart of the development offer a serene sanctuary for residents. Whether it's a quiet escape under the shade of a tree or a vibrant get-together with friends, this space effortlessly transforms to suit any mood.

Overlooking the lush gardens, a private lounge and dining room invite residents to host dinner parties, leisurely weekend lunches, or casual gatherings, creating a sense of community that is the hallmark of Summus living.

[smartcode_project_cta:default project_id=764]

The three-tower, mixed-use development is among one of the tallest in Maribyrnong, comprises a mix of apartments, townhouses, and 45 hotel rooms currently operated by Quest

One of Maribyrnong's tallest towers: How Orion's Summus apartments fit into the local landscape

There's nothing like a boost of confidence in a project when the penthouse sells.

It tells other prospective buyers someone is so confident in what's being developed that they're wanting to buy the most expensive apartment in the building.

Melbourne developer Salter Brothers has sold all of the penthouses crowning their new <a href="/developments/ivanhoe-vic-3079">Ivanhoe apartment development</a>, Candela.

<a href="/new-apartments/candela-ivanhoe-40-upper-heidelberg-road-ivanhoe">Candela</a> has proven popular with a range of buyers, given it's diverse mix of apartment configurations and price points. It offers loft-style, one-bedroom apartments, right through to the now spoken for penthouses.

[smartcode_project:default project_id=342 project_image_fid=212233]

The spacious floor plans are designed to accommodate young families, multi-generational living, downsizers, and couples seeking a lock-up-and-leave lifestyle with ample space for guests.

The well-appointed kitchens feature Miele appliances, including a stainless steel dishwasher and refrigerator.

<a href="/new-apartments/candela-ivanhoe-40-upper-heidelberg-road-ivanhoe">Candela's convenient location</a> at the gateway of Ivanhoe Village further enhances its appeal. With a Walk Score of 90 out of 100, <a href="/new-apartments/candela-ivanhoe-40-upper-heidelberg-road-ivanhoe">Candela</a> is a "walker's paradise," allowing residents to take in the best the suburb has to offer, all without a car.

[smartcode_project:default project_id=342 project_image_fid=212226]

The nearby Ivanhoe train and bus station can be reached within a short 6-minute stroll, making commuting a breeze, while the surrounding parklands, cafes and restaurants, which trail along Upper Heidelberg Road are also within easy reach.&nbsp;

Beyond its practicality, Ivanhoe is also known for its rich history and reputation as an education enclave, housing some of Melbourne's finest public and private schools, making <a href="/new-apartments/candela-ivanhoe-40-upper-heidelberg-road-ivanhoe">Candela</a> an attractive option for families.

<a href="/new-apartments/candela-ivanhoe-40-upper-heidelberg-road-ivanhoe">Candela</a> boasts a 7-star energy rating, with the John Demos-designed residences crafted to maximise natural light and cross flow ventilation.

Residents will also benefit from a range of amenities within Candela, including an in-house cade, an atrium, wine bar, providore, and a rooftop garden which takes in expansive views across Ivanhoe and toward the city skyline.&nbsp;

[smartcode_project_cta:default project_id=342]

Candela has proven popular with a range of buyers, given it's diverse mix of apartment configurations and price points

Confidence nod at Candela Ivanhoe as penthouses snapped up

Developer Time &amp; Place, along with joint venture partner MaxCap, have teamed up with TFE Hotels to bring a $150 million hotel to their mixed-use <a href="/developments/southbank-vic-3006">Southbank development</a>, The Queensbridge Building.

TFE will operate the 188-room hotel which will be called the Hannah St. Hotel. The building, which also comprises 367 apartments, is currently under construction by Hickory and is expected to complete in September 2025.

Hannah St. Hotel - which sits at the nexus joining <a href="/developments/melbourne-vic">Melbourne CBD</a>, the Yarra River, <a href="/developments/south-melbourne-vic-3205">South Melbourne,</a> and the Arts Precinct - will feature a neighbourhood bar, restaurant, and rooftop bar/events space across 10 levels.

The residential amenity will comprise a&nbsp;lap pool, wellness studio, gym, sauna, steam rooms, co-working spaces, providore in the foyer and a private dining room.

[smartcode_project:default project_id=1504 project_image_fid=218130]

Time &amp; Place Director Tim Price said <a href="/new-apartments/the-queensbridge-building-southbank-90-queensbridge-street-southbank">The Queensbridge Building</a> references a bygone era of brass, steel, and stone, emulating the postcode’s industrial era. The development’s striking facade was designed in collaboration with Elenberg Fraser, with interiors by the renowned Flack Studios.

“As developers, we want to facilitate the development of legacy projects that invite art, design and culture to influence one another," Price said.

"We envisage the hotel will become ingrained in the cultural fabric of the suburb and form a part of the transformation, coming to life as a ‘neighbourhood hotel’ for locals and visitors alike.

“As we set out to bring this landmark hotel to <a href="/new-apartments/the-queensbridge-building-southbank-90-queensbridge-street-southbank">The Queensbridge Building</a>, we are looking to bring international influences to <a href="/developments/southbank-vic-3006">Southbank</a> through design and experiences. We anticipate that our hotel will be regarded as the place to stay for anyone in the arts visiting the city.”

“This is a neighbourhood hotel. A building with roots in the community and a place where you’re welcomed in to enjoy the hospitality whether you’re staying short term or you’re a permanent resident. We aren’t developing and leaving, we’ll be in this building long after its doors have opened,” Price said.

[smartcode_project:default project_id=1504 project_image_fid=208256]

TFE"s Collection Brand also includes Brisbane's famous Calile Hotel. TFE Hotels CEO Antony Ritch says TFE is 100 per cent focused on partnerships with legacy makers, like Time &amp; Place, who make a wholehearted commitment to the neighbourhood.

"Collection by TFE Hotels really are one-of-a-kind experiences and they take inspiration from local culture and from their surroundings," Ritch said.

"These have a unique model of close owner collaboration, and we are incredibly fortunate to have partnered with Time &amp; Place and MaxCap on a building that will not only become a place maker for Melbourne's newest lifestyle destination but provide such incredible amenities for the community."

“What I love about this project is that Hannah St. Hotel will deliver an experience in a neighbourhood that is transforming, thanks to an investment in Australia’s largest cultural infrastructure project, into a truly world class art precinct," he added.&nbsp;

Ritch said&nbsp;<a href="/developments/southbank-vic-3006">Southbank</a> is connected to the best of Melbourne.

"It has a lot of energy and a real focus on arts, sports, and the outdoors, with 18,000 sqm of additional public gardens set to be delivered, which beautifully complements those iconic Melbourne experiences that we all love so much."

[smartcode_project:default project_id=1504 project_image_fid=218169]

An onsite ‘Experience Director’ will engage with building residents to create one-off experiences whilst a lap pool for training, large scale gym and a work club complete with sound-proof pod casting rooms which are all easily accessed by hotel guests.

Time &amp; Place and Hickory realised the potential of the Kings Way Overpass urban parklands early on and partnered with Australian Indigenous Artist, Reko Rennie prior to commencing construction on site to activate their own ‘Underpark’ with a temporary basketball court.

[smartcode_project_cta:default project_id=1504]

The building, which also comprises 367 apartments, is currently under construction by Hickory and is expected to complete in September 2025


Time & Place, MaxCap and TFE Hotels announce $150m boutique hotel at The Queensbridge Building, Southbank

The consecutive rate holds by the Reserve Bank of Australia has put a spring in the step of both homeowners and prospective property purchasers.

The official cash rate is now at 4.1 per cent, and it's expected it's either at the peak, or is one rate hike away. Three of the Big Four banks now expect the cash rate has peaked, with NAB expecting one more hike, in November.

Now attention has turned to when rates will start coming down. The majority of economists and experts don't think it will be until at least the second half of 2024, although CBA, the nation's biggest lender, believes it could be as early as March.

<h2>How will the cash rate holds affect the off the plan property market?</h2>

Everything has pointed to continued growth in the apartment market across nearly every capital city in the country. What's been holding back significant growth in some capitals has been the RBA's rate hikes over the last 15 months.

Immigration forecasts, low building approvals, problematic construction costs, land prices, and critically low supply suggests apartments can only get more expensive from here on in.

What seems to be a more difficult conversation in the off the plan apartment market is trying to get the buyer to understand what the cash rate is now doesn't really matter (that is of course unless the building is approaching completion.)

What's important in the off the plan market is what the cash rate will be when the building is complete. If construction is 12 months or so away from completion, then you might actually be buying into an environment where mortgage rates are dropping.

For the last 12 months or so, project marketers have had wave after wave of buyer come through their display suite doors, without any confidence in what they can spend, and what their mortgage repayments might look like come completion date.

Projects by Buxton Director Heath Thompson says the pause will particularly help buyers in the off the plan market.

"It's been hard for people to have a good understanding of what their borrowing capacity will be in the 12-18 months time when there has been such uncertainty around interest rate movement," Thompson says.

"Finance brokers have only been able to advise on what they can borrow now and this has been a moving target each month. I think we are getting to a time where people can start to forecast their finances with some confidence."&nbsp;

Thompson believes different sectors will react in different ways depending on circumstances.

"Younger and middle age demographics have been heavily impacted by reduced borrowing capacity and general uncertainty, whereas downsizers generally borrow very little or not at all to purchase so are less impacted."

[smartcode_project:default project_id=5495 project_image_fid=190763]

<div style="text-align:start">
Scott Jessop, Sales and Marketing Director at Sunkin who have recently launched their sustainable Highett Common masterplan, said there's certainly a lot more buyer confidence since the first RBA pause, and he expects there to be even more now they've paused for a second month in a row.

"Purchasers are looking ahead to the next 12-24 months and thinking that we should be in a much more stable economic period&nbsp; than we are now, and having additional time prior to settling gives them an advantage to get themselves ready to have a mortgage over this period," Jessop says.

Jessop says, despite winter traditionally being a slower period for off the plan property, this year&nbsp;has remained reasonably strong across the board due to the low supply volumes currently on market.&nbsp;

[smartcode_project:default project_id=108019 project_image_fid=213936]

"Generally speaking, a lot of purchasers are still comfortable with interest rates normalising following COVID, but the speed of the increases was the major issue which can affect people's foresight and future planning, they end up thinking in the now.

"On the flip side, we've still seen a lot of strong demand even with this going on which just goes to show the underlying strength of the property market at the moment."

Jessop believes there may only be a small window however for buyers to secure apartments at their current price.

"I really think there is a slight window of opportunity to get in and purchase now prior to the immigration influx, prior to interstate migration picking up again and drastically low current and future housing supplies."

It's a sentiment felt by property advisory giant Charter Keck Cramer, who believe off the plan apartments could rise by up to 25 per cent. A study across 10 Melbourne suburbs found some developers have already started putting their prices up by 15 to 25 per cent, and buyers are paying it.

Read more:&nbsp;<a href="/news/vic/melbourne-off-the-plan-apartment-values-could-spike-25-per-cent-charter-keck-cramer">Melbourne off the plan apartment values could spike 25 per cent: Charter Keck Cramer</a>
</div>

For the last 12 months or so, project marketers have had wave after wave of buyer come through their display suite doors, without any confidence 

How the RBA rate holds will impact the off the plan property market

When the concept of West Side Place was first imagined a decade ago, it promised to deliver a <a href="/developments/melbourne-vic">new Melbourne address</a> unlike any other. Today, that vision and promise have been realised in the form of one of Melbourne's biggest inner-city mixed-use developments, transforming the former Age newspaper site into a vibrant precinct that occupies an entire city block.

Designed by Cottee Parker, the ambitious project stands tall with four residential towers and the prestigious Ritz-Carlton and Dorsett Hotels, all interconnected by a vibrant central laneway.&nbsp;

The masterplan of West Side Place aimed to redefine <a href="/developments/melbourne-vic">Melbourne's urban living experience</a> by creating an integrated precinct that harmoniously combines residential, commercial, and hospitality elements.&nbsp;

[smartcode_project:default project_id=1270 project_image_fid=141273]

The four residential towers offer luxurious living spaces catering to diverse lifestyles and preferences. From stylish apartments with views to world-class amenities, the towers set a new standard for urban living in Melbourne.

The inclusion of the Ritz-Carlton Melbourne and Dorsett Hotels adds an element of luxury and prestige, making West Side Place a world-class destination. The Ritz-Carlton's exceptional service and opulent accommodations promise an unparalleled experience, while the Dorsett Hotel caters to modern travellers seeking chic and comfortable stays.

Central to West Side Place's appeal is the vibrant central laneway, a hub of activity and social interaction. Lined with diverse cafes, restaurants, boutiques, and specialty stores, the pedestrian-friendly space fosters a strong sense of community and connectivity, enriching the overall living experience for residents and visitors.

[smartcode_project:default project_id=1270 project_image_fid=217064]

The on-site retail arcades at West Side Place offer convenience and diversity at residents' doorstep, providing an array of shops and services to meet every need.&nbsp;

What truly sets West Side Place apart are its world-class amenities, designed to elevate residents' lifestyle to unprecedented levels. State-of-the-art fitness and wellness facilities, private dining rooms, tranquil rooftop gardens, and swimming pools promote wellness, relaxation, and social engagement.&nbsp;

With its completion, West Side Place marks a momentous milestone in <a href="/developments/melbourne-vic">Melbourne's urban evolution</a>. As Victoria's largest residential development to date, it stands tall as a testament to Melbourne's commitment to innovation, urban renewal, and the well-being of its residents and visitors.&nbsp;

[smartcode_project_cta:default project_id=1270]

The masterplan of West Side Place aimed to redefine Melbourne's urban living experience by creating an integrated precinct that harmoniously combines residential, commercial, and hospitality elements

Construction completes at Far East Consortium's West Side Place, Melbourne apartment development

New developer JSMN has quickly had its first residential apartment development approved, on Fitzroy's popular Napier Street.

JMSN, founded by Sam Jamieson, the son of Harry the Hirer founder Rick Jamieson, submitted the application for the boutique block of 10 apartments earlier this year.

Read more:&nbsp;<a href="/news/vic/first-look-exclusive-jmsn-file-plans-for-first-apartment-development-in-fitzroy">First look exclusive: JMSN file plans for first apartment development in Fitzroy</a>

The project, dubbed ns227 at 227 Napier Street, has been designed by Warren and Mahoney and comprises two and three-bedroom sustainable apartments which envelope around an internal courtyard.

The six-storey building is inspired by&nbsp;townhouses seen in Paris and London, which are celebrated for the sustainable merits of their high-density, mid-rise typologies.

JMSN acquired the site in 2022 for $4.5m. Zoned for mixed-use development, the building’s facade extends to the fourth floor without a setback, a planning concession Jamieson says is key to responsible development in the area.

“Fitzroy is a suburb that is densifying and needs to densify, but it can be done in a way that honours the existing neighbourhood and avoids overdevelopment,” Jamieson says.

“With ns227, we are looking to set a new benchmark of what that can look like, taking the learnings from Europe’s mature, urban cities and applying them in a way that is thoughtful and conducive to modern Australian lifestyles — an approach that will underscore all JMSN projects in future.”

Having worked in the family business for 15 years, Jamieson travelled the globe extensively to procure the temporary structures Harry the Hirer is recognised for, including the Victorian Spring Racing Carnival ‘Birdcage’ and marquees for iconic events such as the Australian Grand Prix and the Australian Open.

It was during his travels, particularly in Paris and London, where Jamieson cultivated an appreciation forEuropean architecture and observed that its design principles could be better incorporated into Australian homes.

“The evolution of inner city developments has seen many inspired by Brooklyn-style warehouse conversions, but in Fitzroy, a neighbourhood defined by its Victorian terrace homes, JMSN is exploring influences from Paris and London that better reflect local lifestyles and the aesthetic vernacular of the area,” Jamieson added.

“The brief for our architect was to take the form, flow and materiality of European architecture and add a distinctly modern Australian flair. It was important to pick up cues and best practice, but never about replication.”

European influences are identified in the Juliet windows, which allow for larger living spaces with the versatility of use in summer and winter. Juxtaposing this, a contemporary curved entrance defines the ground floor, while concrete polished lintels offer a modern contrast to the classic textured brick façade.

Warren and Mahoney principal Nick Deans says the sensitive design approach is considerate of the end user and surrounding neighbours.

“This lot is located in a special part of Napier Street and the considered design of ns227 blends seamlessly into a neighbourhood of high-calibre developments,” Deans says.

“The design speaks directly to the Victorian vernacular of Fitzroy and has a feeling of solidity and timelessness about it. It’s a building that is good now and will only get better with age. All of the apartments are unique in layout, offer generous floorplans and delightful finishes, which are sure to create 
welcoming homes for owner-occupiers.”

An internal courtyard filled with greenery, a central water feature and arch windows will orient the residences, providing natural light, amenity and reducing the impact of shadow on neighbouring homes.

On Napier Street, window planter boxes will spill hardy and long-flowering geraniums, while an ivy will fill the facade in a nod to both London homes and the surrounding Fitzroy context.

Warren and Mahoney has delivered multiple residential projects in the area including The Spanish Club by GURNER. Works are slated to begin mid-2024.

The project, dubbed ns227 at 227 Napier Street, has been designed by Warren and Mahoney and comprises two and three-bedroom sustainable apartments which envelope around an internal courtyard

First look: JMSN get sign off for first apartment development on Fitzroy's Napier Street

The headquarters of Icon Construction on Abbotsford's Victoria Street is set for a redevelopment.

EG Funds Management is proposing to demolish the three-level office building at <a href="/new-apartments/675-victoria-street-abbotsford">675 Victoria Street</a> and develop a 13-level mixed-use building with offices and apartments.

There will be 134 apartments, above ground-level office and amenity on the 3,459 sqm site. Over half of the apartments will have two-bedrooms (73), while another 42 will be three-bedders and just 19 one-bedroom apartments are planned.&nbsp;There are 43 different apartment configurations.

<img alt="Victoria St Abbotsford" data-entity-type="file" data-entity-uuid="57124f71-35e4-4919-b4ae-4440da6a3a68" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-04%20at%206.45.03%20am.png?VersionId=WZffpT38SMz9GDsWgGpv5O8_7EXx19n3" />

SJB has designed the building which will be located across the road from the Victoria Gardens Shopping Centre, which too is undergoing a huge redevelopment.&nbsp;

Read more:&nbsp;<a href="/news/vic/richmonds-victoria-shopping-centre-redevelopment-to-create-new-urban-village-with-over-1-600-new-apartments">Richmond's Victoria Shopping Centre redevelopment to create new urban village with over 1,600 new apartments</a>

"The integration of the building's robust architectural forms and features draw upon the Yarra River flow and Dight Falls," SJB noted in the planning application submitted to Yarra Council.

"The project's palette and materiality is driven by the Abbotsford's natural features and built heritage to deepen the connection with the areas rich history.

"The use of warm tones embody the mature gum trees present in the surrounding landscape."

One of the main focuses of the development is how it interacts with the Yarra and the character of <a href="/developments/abbotsford-vic-3067">Abbotsford</a>.

Central part of the development is its provision of a pedestrian link between Victoria Street and the Yarra River corridor. The publicly accessible link provides a visual connection with the Yarra River from Victoria Street and allows convenient and safe access for pedestrians travelling between Victoria Street and the River.

SJB has sculpted the facade around an existing canopy tree.

<img alt="Victoria St Abbotsford" data-entity-type="file" data-entity-uuid="0b950c9e-be4a-4440-9356-c29a12439bb3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-04%20at%206.30.24%20am.png?VersionId=N20PjaQYFvM1JHZzeLB38heuIDoZST08" />

"The existing tree is not treated as an encumbrance but rather is built into the design to provide a distinctive sense of entry to the site and soften the visual connection with Victoria Street," the Town Planning Report by Tract says.

Tract notes that,&nbsp;in contrast to the fine-grain activity centre surrounding Church Street, Lennox Street and North Richmond Station, the eastern extent of Victoria Street exhibits an emerging urban renewal character, featuring many high-density contemporary commercial and residential buildings.

"This built form character is reflective of the subdivision patterns of the commercial and industrial activity that took place along the Yarra River historically, as well as the proximity of this precinct to public transport, open space, and other amenities which makes it suitable for development of the emerging scale."

The building will also incorporate ground-level amenity in the form of a communal lounge, multi-purpose room, gym, two private dining rooms with kitchens, a cinema, and an outdoor terrace which meets landscaped gardens fronting the river.

The proposal includes a partnership with the Little B.I.G Foundation, a charitable organisation set up to tackle loneliness in Australia by developing places, programs and events for social connection.

The Foundation will manage and operate a residential community space located on the river-fronting side of the buildings whch forms part of the residential amnities and provide an events program for residents and the surrounding community.&nbsp;

The community space can also be booked through the Foundation for use by residents an the broader community, with the spce having a strong onnection to the Yarra River Corridor.

The building will be services with 203 parking spaces, 187 for residents and 16 for office use, and 198 bicycle spaces.

The City of Yarra is required to provide 12,800 additional dwellings under Melbourne 2030, in line with population growth forecasts.

"Yarra has become a preferred location for many smaller and medium-sized buisinesses, and this trend is expected to continue," Tract added.

"Yarra's vibrant Major Activity Centres, including Victoria Street, are a powerful economic engine for the municipality. These activity centres are considered a vital part of Yarra's culture."

SJB has designed the building which will be located across the road from the Victoria Gardens Shopping Centre, which too is undergoing a huge redevelopment. 

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