The <a href="https://www.apartments.com.au/developers/salter-brothers">Salter Brothers</a>-backed project, now around 70 per cent complete with builder <a href="https://www.apartments.com.au/builders/ironside">Ironside</a> on site, is expected to welcome its first residents by October 2026, with new incentives aimed at purchasers preparing for near-term move-in.

The developer is offering a select number of upgrade packages valued at up to $5,000, available on a first-come, first-served basis. These incentives are offered for new purchasers.

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Buyers can choose between two inclusions. The first is a move-in whitegoods package, designed to streamline the transition into a new home by covering key appliances from day one. The second option provides an additional secure basement storage cage, responding to growing demand for flexible storage solutions in apartment living.

The incentive release comes as <a href="https://www.apartments.com.au/new-apartments/candela-ivanhoe-40-upper-heidelberg-road-ivanhoe-vic-3079">Candela Ivanhoe</a> moves into its final stages of construction, with more than half of the residences already sold and a buyer profile heavily weighted toward owner-occupiers.

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Designed by John and <a href="https://www.apartments.com.au/interior-designers/kathy-demos">Kathy Demos</a>, Candela comprises a mix of one to four-bedroom apartments and townhouses, with an emphasis on larger floorplans, natural light, and functional storage, features that align closely with the upgrade offering.

Residences have been planned around everyday liveability, with flexible layouts, private living zones, and generous internal proportions that exceed typical apartment benchmarks in the area. Kitchens are fitted with Miele appliances, while the broader development offers exclusive resident amenities, including a residential lounge and rooftop terrace. A ground-floor café and wellness centre are also integrated into the project, designed to foster community connection while serving both residents and the wider neighbourhood.

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Salter Brothers says the project has been shaped to support a range of buyers, from first-home buyers to downsizers to young families and even inter-generational lifestyle, with over 90 per cent of purchasers to date intending to live in their homes rather than invest.

Positioned on Upper Heidelberg Road, Candela sits in the heart of Ivanhoe Village, Ivanhoe Station, and a range of local parks and pre-eminent schools, contributing to a Walk Score of 90. This level of connectivity has underpinned demand from buyers seeking a low-maintenance lifestyle without sacrificing access to established amenity.

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Joel Robinson

Salter Brothers introduces limited $5,000 upgrade packages as Candela Ivanhoe nears completion

Now complete and open, <a href="https://www.apartments.com.au/developers/time-place">Time &amp; Place</a>'s Queensbridge Building introduces a new way of living in <a href="https://www.apartments.com.au/developments/southbank-vic-3006">Southbank</a>, where residences, hospitality and culture come together in a fully realised precinct.&nbsp;

The 65-storey tower is already welcoming residents and guests, with its integrated hotel, dining venues and amenity offering activating the building from day one.

Developed by Time &amp; Place and constructed by <a href="https://www.apartments.com.au/builders/hickory">Hickory</a>, <a href="https://www.apartments.com.au/buildings/the-queensbridge-building-southbank-90-queensbridge-street-southbank-vic-3006">The Queensbridge Building</a> at 90 Queensbridge Street combines 353 residences with the 188-room Hannah St Hotel, operated by TFE Hotels.&nbsp;

The precinct is already active, with Hannah St Hotel welcoming guests and venues such as Coupette, Bar Hannah and the Carriage Lounge operating across the ground and podium levels. Weekends are seeing strong visitation, reinforcing its role as both a residential address and a broader lifestyle destination.

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What sets Queensbridge apart is its integration of residential living with a fully operational hotel and hospitality offering, delivering a level of service, activation and convenience rarely seen in Melbourne's apartment market.

Interiors throughout, both in the residential tower and the hotel, were designed by <a href="https://www.apartments.com.au/interior-designers/flack-studio">Flack Studio</a>, with architecture by <a href="https://www.apartments.com.au/architects/fraser-partners-0">Fraser &amp; Partners</a>.&nbsp;

The residences balance rough-cut stone, cool concrete and rich timbers against abundant natural light. Floor-to-ceiling windows and open floorplans carry that through into the layout.

Interior designer David Flack has described the hotel as "part grand hotel, part cultural clubhouse," reflecting the project's ambition to balance hospitality, design and community.

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The Queensbridge Clubhouse sits at the heart of the residential offering: lap pools, sauna, steam room, gym, outdoor terraces, private dining rooms and co-working spaces, all bookable through the building's dedicated app. The hotel's wellness amenities extend that offer further, with Hannah St Hotel services available to residents through the Clubhouse.

Time &amp; Place Founder and Director Tim Price said the vision was always to create something more than a residential tower.

"The vision for Queensbridge was to create a building that felt connected to the neighbourhood and to Melbourne itself. It is not just a residential tower, but a place where residents, visitors and the wider community can gather, experience hospitality and enjoy city life together."

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The National Gallery of Victoria, Arts Centre Melbourne and the Yarra River promenade are within easy walking distance, and Crown Melbourne and the CBD are next door. The Victorian Government's $1.7 billion Melbourne Arts Precinct Transformation is already underway in the surrounding area, which will only add to the precinct's draw over the coming years.

Many of the remaining apartments sit on the upper levels, with sweeping views across Melbourne's CBD skyline, Albert Park and Port Phillip Bay, the floor-to-ceiling windows and open floorplans are what those floors were designed around.

Price said the development was always intended to contribute to the surrounding neighbourhood rather than stand apart from it.

"We set out to create a building that reflects Melbourne's culture and energy. By combining residences, hospitality and shared spaces, Queensbridge becomes more than a place to live. It becomes part of the neighbourhood."

[smartcode_project:default project_id=1504 project_image_fid=272109]

Only a limited collection of completed two and three-bedroom residences remain, presenting a rare opportunity to secure a finished home within a design-led precinct and move in immediately.

For Time &amp; Place, the completion of The Queensbridge Building marks the close of a significant chapter in delivery. Looking ahead, early plans are underway for a new 22-storey residential project on Park Street in South Melbourne, comprising approximately 300 apartments. More to come in 2026.

Time &amp; Place's Queensbridge Building presents a fully realised, lived experience. For buyers seeking certainty, design quality and lifestyle, it delivers a precinct already brought to life.

[smartcode_project_cta:default project_id=1504]

Now complete: Inside Southbank's newest residential and hotel destination

At <a href="https://www.apartments.com.au/new-apartments/candela-ivanhoe-40-upper-heidelberg-road-ivanhoe-vic-3079">Candela Ivanhoe</a>, a limited collection of loft-style residences introduces a housing typology rarely seen in Melbourne’s established north-east.

Designed as double-level homes within a broader apartment development, these residences respond to buyers seeking the spatial separation and flexibility of a townhouse, while retaining the efficiency, connectivity and greater security from apartment living.

Located at 40 Upper Heidelberg Road, Candela is a 58-residence development currently under construction and scheduled for completion this Spring. More than half the project has already sold, with a strong owner-occupier profile shaping the community.

[smartcode_project:default project_id=342 project_image_fid=357499]

The loft-style offering, exemplified by the four-bedroom ‘Lustre’ residences, reframes apartment living through a clear division of zones across two levels.&nbsp;

The lower floor is anchored by a large open-plan living and dining area, where a full kitchen with Miele appliances, an island bench, and a walk-in pantry sits directly adjacent to the main living space. Timber flooring runs throughout this level, reinforcing the continuity between kitchen, dining, and lounge, while double-glazed windows improve thermal performance and acoustic comfort. Additionally, and a prominent feature of this apartment is its expansive rear glass wall, which measures approximately 5.4 metres in height and 8.5 metres in width, allowing abundant sunlight to illuminate the residence.

The primary living zone connects to an oversized private terrace, designed to accommodate both daily use and larger gatherings. Its scale allows for outdoor dining, children’s play equipment, and flexible seating arrangements, effectively extending the internal living footprint.&nbsp;The master bedroom is also positioned on this level, with direct terrace access, a walk-in robe, and an oversized ensuite that includes a built-in dressing table, establishing a degree of separation from the upper floor bedrooms.

[smartcode_project:default project_id=342 project_image_fid=357502]

Upstairs, the layout shifts to a more private configuration. Three additional bedrooms with built-in robes are arranged around a secondary living area, creating a dedicated zone for children or guests. This level also incorporates a study area suitable for a full-width desk, alongside a central bathroom designed as a combined wet area for bath and shower use. A separate powder room on each level supports functionality for larger households.

The decision to split living across two levels is central to how these residences operate. Rather than relying on a single open-plan arrangement, the design introduces multiple living zones that can be used simultaneously without overlap, supporting families, remote work, and multi-generational living within the same footprint.

[smartcode_project:default project_id=342 project_image_fid=364553]

Interior designer <a href="https://www.apartments.com.au/interior-designers/kathy-demos">Kathy Demos</a> describes the broader design approach as one shaped by natural light and movement through space, noting that “from the atrium to the front door of your apartment… the sun washes the surfaces with light.” This emphasis on daylight is reinforced across the loft residences, where both levels are designed to maximise natural light in living areas and bedrooms, reducing reliance on artificial lighting.

Sustainability measures are integrated at both the building and apartment level. Candela targets an average 7.5-star NatHERS energy rating, supported by double glazing, passive design principles, and a rooftop solar array that contributes to powering communal areas. Water reuse systems and efficient fixtures are also included to reduce long-term consumption.

These residences sit within a broader development that prioritises shared amenity and connectivity. Residents have access to a rooftop terrace, ground-floor lounge, and on-site café, while Ivanhoe Village’s retail, dining, and transport options at your doorstep. A Walk Score of 90 reflects the practicality of the location, particularly for buyers seeking reduced reliance on cars.

Candela has been designed by architect John Demos in collaboration with interior designer Kathy Demos and developer Salter Brothers, with construction led by <a href="https://www.apartments.com.au/builders/ironside">Ironside</a>. As Demos explains, the intent was to focus on how spaces are experienced day-to-day: “We design to anticipate the feeling you want to have in your home. It’s more about substance than surface.”

[smartcode_project_cta:default project_id=342]

Inside the loft-style residences at Candela Ivanhoe

After inspecting the a mixture of new apartment developments in Sydney's thriving north west corridor, Rouse Hill downsizers Lynne and Dale Kennedy were set to buy a two-bedroom apartment in <a href="https://www.apartments.com.au/developers/ellipse-property-group">Ellipse Property</a>’s Carrington Place development, until they saw the penthouse floorplans.

The retired police officer and her builder husband, aged in their mid-60’s, quickly upsized to a three-bedroom penthouse within the Atrium building, the first stage of the Castle Hill masterplan.

Their luxury apartment is one of eight in Atrium’s exclusive Penthouse Collection and features striking interior design. The penthouses offer flexible open-plan layouts with abundant space and tranquillity. With two living spaces, walk-in wardrobes and butlers’ pantries, Atrium’s penthouses feature large balconies with sweeping views to Cattai Creek and the wider Hills District.&nbsp;

“As soon as we saw the floorplan for this penthouse, we knew it was the one for us," Lynne said.

"It is oversized with abundant storage, so we know we are not going to feel cramped, even though we are downsizing from a large, five-bedroom family home. The open-plan design spills out to a large deck, perfect for entertaining and when the grandchildren visit. The finishes are top-quality and I love the butler’s pantry and integrated appliances in the kitchen – with the steam oven, pyrolytic oven and coffee machine all built in.”

High-quality material finishes and premium appliances are used throughout Atrium’s penthouse collection. Miele appliances in the newly-released Pearl Beige finish, Vintec wine fridges, Parisi tapware and fireplaces are set within luxe finishes including pure wool carpets and statement Caesarstone benchtops. Built-in barbecues, and in some cases bars and skylights, are further signature features of the penthouse design.

Dale Kennedy owns Inspect It FIRST, a building inspection company he has operated for over 25 years. With stringent views on design and build integrity, he was quick to recognise the quality behind the architectural design and iCIRT-rated builder, <a href="https://www.apartments.com.au/builders/decode">Decode Group</a>.

“This penthouse sets a new benchmark in terms of quality and attention to detail. The floorplan is well-considered - special features like the skylight are a stand-out and not typical in new builds. The iCIRT-rated builder adds a further level of comfort buying off-the-plan, and we are confident that the finished apartment will be high-quality with no nasty surprises,” said Dale.

The Kennedy’s are excited at the freedom that apartment living will unlock for them.

[smartcode_project:default project_id=151821 project_image_fid=360287]

“We won’t have to maintain a house, swimming pool and gardens anymore, and are looking forward to having more leisure time," Lynne added.

"The low maintenance apartment lifestyle and security of the building means we can travel more and take extended trips. We can simply ‘lock and leave’, something we can’t do with a big house. We also love the location so close to Showground Metro Station and retail precinct, but without being in the thick of it. Everything is literally on our doorstep, just a few minutes’ walk. It will be so convenient being able to access the city so easily and not having to drive to the shops.”

After 11 years in their home on Morrisey Way, Rouse Hill, the couple will sell it before moving into their new penthouse. The expansive five-bedroom family home features a cinema, swimming pool and six-car garage.

There are just six penthouses left in Atrium’s Penthouse Collection in a mix of three- and four-bedroom configurations, ranging from 160 to 334 sqm in size and priced from $3.025 million to $5.4 million.&nbsp;

[smartcode_project:default project_id=151821 project_image_fid=360286]

According to <a href="https://www.apartments.com.au/project-marketer/colliers">Colliers</a>, exclusive sales agents at Carrington Place, Atrium’s Penthouse Collection is meeting a groundswell of demand from local downsizers – aligned with broader trends in Metro-connected suburbs across Sydney.

“The Penthouse Collection sets a new standard for apartments in Castle Hill,"&nbsp;said Blake Schulze, National Director – Residential at Colliers.

"There is simply nothing else like these penthouses. Downsizers are drawn to their house-like scale and premium finishes. With sought-after views plus access to outstanding new local amenities, the Penthouse Collection unlocks a new lifestyle for buyers.

Schulze says buyers are drawn to Carrington Place’s lifestyle with close proximity to the Showground precinct’s vibrant mix of retail and dining options.

"Being able to walk to the Metro and this rapidly emerging lifestyle hub is of huge appeal to this demographic.”

According to Puja Khanna, Associate Director at Ellipse Property, the carefully curated interiors are proving to be a point of difference.&nbsp;

“Our floorplans have been thoughtfully considered, knowing that many buyers will be downsizing from large homes," Khanna says.

"Smart and abundant storage was an absolute must. And for many of our buyers, entertaining is a priority – with adult children, grandchildren and family visiting and sometimes staying over. We made sure bedrooms are spacious and living spaces are oversized, and kitchens incorporate butler’s pantries alongside the latest appliances."

Atrium is under construction by award-winning iCIRT-rated builder Decode Group, with completion scheduled for Q3 2026.&nbsp;

[smartcode_project:default project_id=151821 project_image_fid=360285]

<a href="https://www.apartments.com.au/new-apartments/lily-lane-at-carrington-place-castle-hill-32-carrington-road-castle-hill-nsw-2154">Lily Lane</a>, the second stage&nbsp;of Carrington Place, is set to commence construction later this month on the back of Atrium’s significant sales success, with 85 per cent of all apartments now sold.

Carrington Place will be constructed across multiple stages and deliver more than 800 new homes, with the entire precinct set for completion in 2032. It will feature abundant open space with over 20,000 sqm of outdoor recreational area, including a one-kilometre boardwalk to the nearby Fred Caterson Reserve.&nbsp;

The project is also integrated with the surrounding bushland, with a site boundary that stretches to the edge of Cattai Creek, immersing residents in the beauty of Sydney’s ‘Garden Shire’.

The Hills Showground Metro Station is just a two-minute walk away, offering fast connectivity to Sydney’s CBD, North Sydney, Chatswood, Macquarie Park and Norwest Business Park.

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Local downsizers set sights on Carrington Place, Castle Hill penthouses

Lifestyle, residential and wellness developer <a href="https://www.apartments.com.au/developers/lowe-living">Lowe Living</a>, and joint venture development partner lNT.RE (formerly Icon Developments) have announced the popular SOAK Bathhouse brand will anchor the ground floor of their $160m luxury <a href="https://www.apartments.com.au/new-apartments/emerald-place-by-lowe-living-200-clarendon-street-south-melbourne-vic-3205">Emerald Place</a> development at 182-200 Clarendon St, South Melbourne, which is set to open in August 2026.&nbsp;

This will be the second Melbourne outpost for the SOAK Bathhouse brand, after its inaugural Victorian location in South Yarra launched in 2025, which has quickly become a staple in Melbourne’s bathing and wellness scene.&nbsp;

SOAK Bathhouse has signed a 10-year partnership to take out the 459sqm prime corner ground-floor tenancy, which will join the other two retail tenancies, high-end commercial space and 38 ultra-luxury residential apartments and penthouses above.&nbsp;

[smartcode_project:default project_id=135816 project_image_fid=365847]

SOAK Bathhouse is renowned for its luxurious and socially-focused mineral pools, cold plunge, sauna, steam room, infrared LED therapies, and massage services. Its arrival at Emerald Place, South Melbourne marks a significant milestone for both brands and for South Melbourne.&nbsp;

While the specific inclusions of the venue are still under wraps, SOAK Bathhouse has confirmed the space will be equipped with a signature SOAK Bathhouse mineral pool, cold plunge, saunas and steam room, alongside a lush dedication to verdant greenery and ferns throughout the tranquil bathing spaces.&nbsp;

SOAK Bathhouse will serve both Emerald Place residents and the broader South Melbourne business community, creating a wellness destination that bridges the gap between work and home. For residents, it's a daily ritual on their doorstep. For the surrounding office workers, it's a place to decompress, recharge and transition between professional and personal life.&nbsp;

[smartcode_project:default project_id=135816 project_image_fid=365850]

The partnership has underpinned Lowe Living’s commitment to delivering wellness-led amenities that not only embed physical spaces within the projects but integrate established, renowned wellness brands to anchor and operate these spaces.&nbsp;

Through the partnership with SOAK Bathhouse, penthouse buyers will be granted complimentary memberships, while all other residents of the Emerald Place development will benefit from exclusive discounted access. Together, these privileges deliver a compelling lifestyle enhancement and a lasting investment in wellbeing.&nbsp;

Lowe Living has been steadily carving out a niche in the luxury property market as a wellness-led developer, having a partnership with the Sorrento-based Aurora Spa &amp; Bathhouse to offer a private, residents-only wellness spaces at its upcoming Camberwell and Brighton projects.&nbsp;

These partnerships with Aurora Spa &amp; Bathhouse and now SOAK Bathhouse, reinforce a broader shift across Lowe Living’s portfolio towards a meaningful commitment to health-focused amenity and wellness offerings.&nbsp;

[smartcode_project:default project_id=135816 project_image_fid=231195]

Since its inaugural offering in Mermaid Beach, which has since expanded nationally across Queensland, Sydney and Melbourne, SOAK Bathhouse has grown into a leading contemporary bathhouse brand, attracting a dedicated following thanks to its unique social-focused approach to bathing.&nbsp;

Emma Lowe, Co-Founder and Managing Director of Lowe Living, said the Lowe Living team "view our partnerships as an extension of our design philosophy."

"We align with brands that genuinely elevate the everyday experience of our residents and deliver tangible value for our purchasers that enrich their lives.&nbsp;SOAK Bathhouse was a natural fit for Lowe Living and specifically Emerald Place. Their approach to contemporary bathing and social wellness strongly aligns with our vision of creating homes that prioritise long-term health, connection and lifestyle.”&nbsp;

Tim Lowe, Co-Founder and Managing Director of Lowe Living, said securing Melbourne’s second SOAK Bathhouse for Emerald Place is a significant milestone for Lowe Living, INT.RE and South Melbourne.&nbsp;

“This partnership reflects the continued evolution of luxury residential development," Lowe says.

"Today’s buyers are looking beyond finishes and floorplans and investing in holistic living environments, not just inside their apartments but in the communal and wider local amenity offerings, too."

[smartcode_project_cta:default project_id=135816]

Lowe Living secures SOAK Bathhouse on 10-year lease at Emerald Place, South Melbourne development

Neutral Bay apartments

Local North Shore apartment developer Abadeen is continuing to make waves in the local market. They're set to launch another project to the one of Sydney's most bluechip suburbs.

Their latest Neural Bay project, The Villas, located on Premier Street near Forsyth Park, is launching this weekend through CBRE.

Abadeen, led by off the plan property industry veteran Justin Brown, will deliver 18 two and three-bedroom apartments designed by PBD Architects, who worked in collaboration with interior designer Tom Mark Henry to create the part four-level building.

[smartcode_project:default project_id=112966 project_image_fid=213737]

Each residence boasts luxury details of natural stone, timber look joinery and fireplaces, in addition to premium Swiss V-Zug appliances.&nbsp;

The spacious living areas are bathed in ample natural light, adjoining to large outdoor balconies which are a prominent feature of every apartment, with select residences benefitting from private courtyards instead.&nbsp;

The Villas master bedrooms have been designed as a tranquil retreat inside the homes, boasting ensuite bathrooms as well as walk-in robes.&nbsp;&nbsp;

[smartcode_project:default project_id=112966 project_image_fid=213740]

Abadeen submitted their application to the North Sydney Council around 12 months ago. In their design statement,&nbsp;<a href="/architects/pbd-architects" target="">PBD</a>&nbsp;said the built form will respond to the immediate environment, with open community space a focus in the design process.

"The articulation of the built form is designed to effectively reduce the scale of the height of the building perceived from Premier Street through the introduction of various setbacks, a selected natural material palette, horizontal pre-cast concrete band, as well as featured curved planters on balcony edges," the statement noted.

"The interplay of curvaceous architectural form defines the spatial design, separating the building into two cores with a centralised passage into the entrance foyer.

"With a strategically layered façade, the design creates seven opportunities to maximise direct northern sunlight into the entrance space."

[smartcode_project:default project_id=112966 project_image_fid=213748]

Abadeen now have a number of projects live across the Lower North Shore.

Their other Neutral Bay project, Enso, which is near the Neutral Bay Village on Grosvenor Street, has just nine apartments. They have their Koichi Takada-designed project in Crows Nest, and Mosman Residences in the nearby Mosman.

[smartcode_project_cta:default project_id=112966]

Abadeen, led by off the plan property industry veteran Justin Brown, will be deliver 18 two and three-bedroom apartments designed by PBD Architects, who worked in collaboration with interior designer Tom Mark Henry to create the part four, part five-level building

alisonwarters@gmail.com

Abadeen Group continue Lower North Shore dominance, set to launch The Villas in Neutral Bay

The picturesque suburb of Neutral Bay offers residents a world of quality amenities right at their doorstep.

As close to the village as possible is often the mantra for buyers.

You can hardly get closer than Sun Property Group's Bala Residences, quietly set on Grosvenor Street, only two streets back from Military Road.

Bala's design is focused on providing a life of balance, offering just 19 two and three-bedroom apartments, including a selection of penthouses.

[smartcode_project:default project_id=9801 project_image_fid=82433]

Designed by a+ architecture, Bala has been designed to seamlessly integrate with the streetscape, with the apartments welcoming an abundance of natural light, clean air, and the tranquility that characterises the quiet leafy suburb.

Following an open plan layout,&nbsp;the architects have created a flow between the living and kitchen spaces, with each adjoining to spacious balconies which take in views to the neighbourhood.&nbsp;

The kitchens at Bala exude elegance and functionality, with premium designs featuring Calacatta stone benches and splashbacks, in addition to top-of-the-line Miele gas cooktops, ovens, microwaves, rangehoods, and dishwashers.&nbsp;

The development also features an array of private outdoor spaces, further enhancing Bala's connection to nature and the outdoors, including an onsite community garden.

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On the doorstep of Bala are major supermarkets, health clinics, outdoor sporting facilities, and vibrant green spaces like Forsyth Park. The proximity to the harbour gives the chance for leisurely walks along the water edges, while immersing yourself in some of Sydney's most iconic views.

The Lower North Shore is also renowned for its top-performing schools, including North Sydney Boys and Girls High Schools, and Neutral Bay Public School, all situated close by.&nbsp;

Construction is underway on Bala, with Impero Constructions handling the build.

[smartcode_project_cta:default project_id=9801]

Bala's design is focused on providing a life of balance, offering just 19 two and three-bedroom apartments, including a selection of penthouses

Blending lifestyle with luxury: Inside Neutral Bay's Bala apartments

Neutral Bay is one of the priciest suburbs in the Lower North Shore.

But there's long been a gap in the market for brand new downsizer stock. A number of local developers however have sought to plug that gap over the last 12 months, with the likes of WINIM, Abadeen, and Podia seeking to create apartments that will suit those checking out of their grand family homes.

The latest development application, <a href="/new-apartments/palmaria-5-7-lower-wycombe-road-neutral-bay">Palmaria</a>, will no doubt turn heads, given the site is located above the Hayes St Beach Foreshore, the only beach in the suburb.

Just six apartments are planned across the 1,306 sqm site at 5-7 Lower Wycombe Road, the location giving residents direct access through a small laneway to the beach. PBD said in their Design Verification Statement that&nbsp;Neutral Bay has seen a growth of new residential development within the area, and with the sites close proximity to the city as well as unique Foreshore waterfront, it provides the opportunity for an improved new development to residents.

They said they took into account the&nbsp;existing building, with its bulk and scale being informed by the predominant front and rear setbacks.

<img alt="Neutral Bay" data-entity-type="file" data-entity-uuid="ab6a1992-2464-4e2d-8a94-66c83a6cefa7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-17%20at%205.34.07%20pm.png?VersionId=ysTD7C8I3gXpnDebdSMrASXH40U_tHW4" /> 
The existing building at 5-7 Lower Wycombe Road. Image credit: PBD

"By conforming to the existing setbacks, it has allowed for a harmonious integration of the new structure with the surrounding environment. The front setback has been carefully considered in terms of the buildings approach and how it will present itself to the street."

A Heritage Statement prepared by Weir Phillips Heritage and Planning suggested the building could have stood for over a century, with listings from as early as 1912 showing an unnumbered property Conisboro, later known as Conisburgh Flats.

The new building will home just six apartments, each with three bedrooms. The lower ground floor apartment and the penthouse are the largest units on offer in the project. The lower ground floor apartment has 256 sqm of liveable space, an extra rumpus room, and a spa on the balcony. The penthouse has 247 sqm of living area and a full width balcony.

The four half-floor apartments on levels on the ground floor and level one range between 150 sqm and 162 sqm.

Residents will have a communal wine cellar on the lower ground floor, and a private swimming pool overlooking the beach.

There will be two basement levels with&nbsp;11 parking spaces.

<img alt="Lower Wycombe" data-entity-type="file" data-entity-uuid="3fdd92de-5d63-4ac8-9448-2d8b54b5753c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-17%20at%205.33.14%20pm.png?VersionId=i7VJyAX_8jFMfuAL9JEMp4srTHutKpJl" />The proposed entry from Lower Wycombe Road. Image credit: PBD

PBD said the apartments are generous in size, aligning with the density provided by other new developments of a similar upscale design.

"The density of the development is considered sustainable within the existing and future availability of infrastructure, public transport, community as well as culturally significant facilities and environmental qualities on the site.

"Furthermore, the proposed design provides an appropriate density for a residential development in the immediate context. The bulk and scale as well as the density of the proposed building, fits organically within its surrounding context and will contribute to the neighbourhood’s atmosphere rather than obstruct the streetscape or view from Hayes St Beach."

The plans were filed by the St Leonards-based Vergome Pty Ltd, directed by Killara and Mosman locals Robert Virgona and Kathleen Quinlivan.

Last year saw a number of development applications submitted targeting the local downsizer.

Local developer Podia is expected to be the next to launch a project to the market, a 23-apartment development at 96 Ben Boyd Road.

Read more:&nbsp;<a href="/news/nsw/podia-lodge-plans-for-six-storey-neutral-bay-apartment-project">Podia lodge plans for six-storey Neutral Bay apartment project</a>

North Shore developer WINIM is working with Rothelowman to redevelop a landmark 1905-built duplex at&nbsp;112-114 Wycombe Road.

They're seeking to blend original character with a modern extension to create The Wycombe, which will have just nine apartments across three levels.

Read more:&nbsp;<a href="/news/nsw/winim-to-redevelop-1905-neutral-bay-building-into-luxury-apartments--114126">WINIM to redevelop 1905 Neutral Bay building into luxury apartments</a>

Just six apartments are planned across the 1,306 sqm site at 5-7 Lower Wycombe Road, the location giving residents direct access through a small laneway to the beach

Neutral Bay apartments

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New apartments

New townhouses

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