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

Joel Robinson

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

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

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

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

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

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

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

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

Billbergia, Metrics, approved for $3.5 billion Sydney skyscrapers

New Developments

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Queensland's Hutchinson Builders has been chosen by Qingjian Group to build the Gold Coast 25 level residential development Northcliffe Residences.
Northcliffe Residences has sold $60 million in presales in the past 18 months..
Graham Goldman, Northcliffe Residences’ project director of Eastview Australia, said the appointment of Hutchinson Builders to bring the project to fruition was a major coup for developer CNQC.
Designed by architect Cottee Parker, Northcliffe Residences will offer luxury 75 one, two and three-bedroom apartments, a two-level penthouse with private rooftop pool and entertaining terrace, and four whole-floor sub-penthouses.
Residents will have private access to exclusive facilities at a stunning Beach Club equipped with a gymnasium, steam room, sauna, lounge, dining room, surfboard storage, and an infinity pool and terrace flowing directly to the beach.
For more information <a href="https://www.northclifferesidences.com.au/" target="_blank">click here</a>.
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mick.cee-iDmgDDAmu8

Hutchinson Builders win contract for Northcliffe Residences, Gold Coast

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A selection of New York-inspired “sky loft” apartments have been released to the market within the $100 million Kodo development in the Adelaide CBD.
Australian building company Watpac commenced construction of Kodo earlier this year and anticipates completing works by the end of next year.
Believed to be the highest loft-style apartments in the city, the nine new sky lofts will be situated in the tower of the 30-storey development.
The highest sky loft will be on level 27.
All of the double-storey sky lofts feature two bedrooms, two bathrooms and two balconies providing uninterrupted views to the Adelaide Hills.
They also each include a separate laundry, powder room, extensive storage and modern kitchen with Miele appliances.
Steve Wise, CEO of developer Flagship Property Holdings, said Kodo has developed the sky loft apartments with world-class architect Woods Bagot in direct response to market demand.
“We had a terrific response to our loft apartments on the podium (situated on level four of Kodo at the base of the main tower), which are now all sold but continue to be an attractive floorplan for potential purchasers looking for something larger and unique,” he said.
“Woods Bagot’s design of the building has allowed us to replicate this experience higher up the tower as sky lofts.
“Lofts are especially popular in cities like New York but they’re a rare find in Adelaide, so we’re anticipating these apartments will generate plenty of interest, particularly among people looking to downsize and move into the city.
“Characterised by their open plan and access to natural light, these new sky lofts also offer exceptional views of the beautiful Adelaide Hills, which will no doubt be a key selling point for buyers too.”
<img src="https://www.urban.com.au/images/2017/06/09/Kodo%20-%20Peter%20Miglis%20from%20Woods%20Bagot.png" alt="">
Wise said prices for the new sky lofts start from $760,000.
Located on Angas Street near Victoria Square, Kodo includes a four-level podium from ground level which will incorporate car parking, bicycle parks and residential apartments.
On the top floor of the podium, an exclusive resident sky garden will be established, with landscaped entertaining and recreation areas, as well as surrounding apartments with mezzanine floors and generous private terraces.
Additional one, two and three bedroom apartments will then rise up another 26 levels, featuring sweeping views towards the Adelaide Hills and coastline.
The Kodo sales suite at 33 Angas Street in the city, directly adjacent the construction site, is open from Tuesday to Saturday between 11am and 3pm.
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j.ballantyne1990-6AQqhLzZaK

Kodo releases Adelaide’s highest loft apartments

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A new Canberra park has snagged a national design award for greening up one of the territory’s newest urban spaces.
Hassett Park in the burgeoning Campbell 5 precinct was recognised with the 202020 Vision Green Design Award at the Good Design Awards in Sydney on Thursday night.
The award celebrates green and living infrastructure in urban environments.
Hassett Park, designed by Jane Irwin Landscape Architecture and Hill Thalis Architecture and Urban Projects, incorporates water sensitive urban design, bike paths, play spaces and native trees.
The park sits within Campbell 5 precinct off Constitution Avenue.
Kate Hulm, head of marketing, public relations and research for JWLand – the developer behind Campbell 5 – said Hassett Park was a key selling point, with many apartments overlooking the space.
“There is a strong sense of community pride among Campbell residents and Hassett Park has really added to that,” she said.
“The intelligent design of the park provides great natural amenity for Campbell residents and is a popular spot for group fitness classes, dog walking and outdoor play.”
The award-winning park is among a number of green features throughout Campbell 5’s design including vertical gardens, rooftop gardens and trees.
The growing precinct encompasses a number of residential projects including Koben, Greenwich Grand, Saint Germain and Greenwich Park.
Judging criteria for the green design award included a project’s contribution to green space, the prioritisation of vegetation at the development stage, human connection with nature, air purification, water sensitive design and improvements to green infrastructure.
Hassett Park was named after the first chief of defence force staff, General Sir Francis Hassett.
It hosted the Campbell 5 Community Festival in May to raise funds for Soldier on Australia
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Park at Campbell 5 wins green gong at national Good Design Awards

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The Gold Coast is about to witness a spate of developments ahead of the Commonwealth Games in 2018.
More than 3,000 development applications have been made to the Gold Coast City Council this financial year, including several multimillion-dollar projects, according to the Gold Coast Bulletin.
Developments either approved or dumped in 2016-17 by city council: 
Imperial Square 
A multibillion-dollar superpower city which would feature a 108-storey building at its centre awaits approval. It has been put forward by developer Azzura.
Aquis Pacific Point 
A $440 million, 48-storey tower proposed by Hong Kong billionaire Tony Fung’s Aquis has won approval. Construction is set to begin later this year.
The current tower at Main Beach Parade, Surfers Paradise will be demolished to make way for the new complex.
Spirit 
The 89-level tower will be the Southern Hemisphere’s tallest tower upon its completion. The beachside project is being built by Chinese developer Forise.
Construction has started on the $1.2 billion project and it is expected to be completed by 2020.
It will reach a height of 297 metres, soaring above Q1’s 245m roof.
The Mariner 
A $600 million, two-tower development proposed by developer Sunland Group, has been temporarily shelved after it faced opposition from locals and city leaders but is expected to resurface later this year.
Orion 
A 103-story tower project in Surfers Paradise has been granted approval. The development will consist of two towers, one 76 storeys high and the other reaching up to 103 storeys.
It will sit just metres below the maximum allowable height under the flight path.
Star Of The Sea 
A multi-tower development complex proposed for a Marine Parade site in central Surfers Paradise. It is expected to have at least three towers and its developers are searching for a partner for the project.
Midwater
A hi-tech 47 storey tower, including a seven-level car stacker has been given the go ahead by the Gold Coast City Council’s planning committee.
The project was proposed by York Property Holdings for Main Beach. 
Unnamed Main Beach Tower 
A 50-storey project planned by developer Hapsburg for a site on the corner of Main Beach Pde and Woodroffe Ave has been rejected. It was refused by the council because of the density and design of the project.
ASF Integrated Resort
A $3 billion, five-tower project put forward by ASF. The state government is expected to take a decision to approve it later this year.
The Star Towers 
Approved in 2016, one tower is already being built and is due to open by Christmas. Construction of the second, larger tower will begin next year.
One Marine Parade
Construction is expected to begin next year on a $136 million, 35-storey residential tower planned by developer Sunland for the Labrador KFC site on Marine Parade. It will go to market before Christmas.
Queen Street Village
Work has started on an eight-tower residential and retail precinct to be built on the old Gold Coast Hospital site in the heart of Southport. Developer Nerang St Pty Ltd’s multi-billion project targets retirees and students.
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prateek24-ezbwHMbNAk

Construction spree in Gold Coast ahead of Commonwealth Games

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The $1 billion 447 Collins Street is set to transform Melbourne’s city skyline.
Colloquially dubbed the “Pantscraper” for its twin towers joined by a sky bridge, Cbus Property’s 42-storey mixed-use development comprises 49,000sqm premium-grade office space, a five-star W Hotel and 202 boutique residential apartments.
Designed by New York-based SHoP Architects and Melbourne-based Woods Bagot, 447 Collins Street will deliver Melbourne’s first WELL-rated building and have five-star NABERS and Green Star ratings.
Construction on 447 Collins Street has commenced and completion is anticipated for late 2019.
Three major legal firms, King &amp; Wood Mallesons, HWL Ebsworth Lawyers and Gadens, have committed to office space.
King &amp; Wood Mallesons was the first to commit, securing 8,345sqm, and was quickly followed by HWL Ebsworth Lawyers for 6,500sqm across three levels, and Gadens for 5,000sqm across two-and-a-half levels.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/25/Collins%20Arch%202.jpg" alt="">
Sole leasing agent Colliers International is seeking other top-tier financial-sector tenants to fill the vacancies.
“447 Collins Street is now 60 percent leased,” national director of Colliers International’s Melbourne CBD Office Leasing team, Andrew Beasley, said.
“We have only four low-rise floors and three high-rise floors left to offer – and they’re likely to be leased quickly, if the other pre-commitments are any indication.”
Marriott International’s W Hotels brand will debut in Melbourne with a 294-room offering, including 40 suites, an Extreme Wow suite, gym and heated indoor pool, due to open in 2020.
“The vision is to activate the west end of Collins Street, with W Melbourne welcoming a bar, restaurant and spa to the precinct and encouraging people to linger at night,” Mr Beasley said.
The residential component of 447 Collins Street, being marketed as Collins Arch, will comprise 202 luxury one-, two- and three-bedroom apartments positioned across the building’s highest floors and oriented to maximise panoramic views of the city.
The sky bridge will house the residential amenities, including a statement pool with views from the 34th floor to the city below, a gym, wine cellars, residents’ lounge and two private dining rooms with a catering kitchen, accessed by residents from both east and west towers.
Penthouse residents on levels 38 and 39 will HAVE residences with indoor and outdoor living spaces.
“The idea of a city-within-a-city drove the design – we wanted to create a new amenity for Melbourne that will be an amazing place to live, work or play,” SHoP Architects principal, William Sharples, said.
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Pantscraper Melbourne development set to transform skyline

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Halcyon, has officially launched its flagship $300 million Halcyon Greens masterplanned community at Pimpama on the Gold Coast.
The over 50s gated golf and residential community, has frontage to an existing 18-hole golf course.
Halcyon Greens is the seventh and largest venture for Gold Coast-based Halcyon.
The development will feature five residential precincts surrounded by natural wetlands, conservation zones, parklands, wildlife and Gainsborough Greens Golf Course.
Halcyon Greens will have 500 luxury homes and is designed by Sanctuary Cove architect Brian Toyota, of ML Design.
Mr Toyota said while Sanctuary Cove introduced the masterplanned community to Australia, Halcyon Greens saw the evolution of the concept for the discerning baby boomer market.
“A lot has changed since the mid 1980s and the notion of the masterplanned lifestyle community has become accepted practice in large developments,” he said.
“Over 50s residential communities, with central clubhouses are one example of a new development model suited to today’s demographics; developments that are designed to offer ‘lifestyle.”
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Halcyon joint managing director Bevan Geissmann said Halcyon Greens’ unique offering and central location in a high-growth region had met strong market acceptance with 75 percent of homes sold, worth a total of $28 million in the first and second release.
“We are thrilled with the enthusiastic response to the first stage of Halcyon Greens which is unlike any over 50s lifestyle community in Australia,” he said.
“Halcyon Greens will deliver a country club lifestyle in a safe, idyllic and sophisticated setting which appeals to the discerning baby boomer market.”
The project is ideal for downshifting retirees seeking to free up equity and embrace a more leisurely lifestyle by selling their suburban family homes, as described by leading demographer Bernard Salt in his report ‘Re-imagining the Great Australian Lifestyle’.
Homes now for sale at Halcyon Greens are priced from $424,000 to $750,000.
For more details, go to <a href="https://www.lifebeginsathalcyon.com.au" target="_blank">lifebeginsathalcyon.com.au.</a>
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Halcyon Greens launches at Pimpama

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The designer behind Queensland's Sanctuary Cove residential development heads the team developing the $300 million over 55s Halcyon Greens community on the Gold Coast.
Brian Toyota of ML Design, said a lot had changed since the mid-1980s but creating a lifestyle remained at the core of the masterplanned community concept.
“Over 50s residential communities, with central clubhouses are one example of a new development model suited to today’s demographics; developments that are designed to offer ‘lifestyle’,” he said.
"The ML Design team realised the significance of the Halcyon Greens project when they saw the size of the site and the potential scale of development.
“This was not only a pristine setting surrounded by golf course and nature reserves, it was a much larger property:  more than twice the size of previous Halcyon developments.
“In property development, larger does not necessarily mean better.
“The challenge was to create a plan that took advantage of the positive aspects of a large site by providing more amenities for home owners, while retaining the ‘Halcyon family’ feel for the development.
“We wanted every householder at Halcyon Greens to appreciate the proximity to those things that made the site special: the golf course and nature reserve that defines the perimeter of the site.
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"Rather than construct one huge central clubhouse, ML Design’s solution was to develop a ‘campus’ of distinctly themed buildings set into a central parkland stretching almost the length of the site and including a new clubhouse for the Gainsborough Greens Golf Course.
“So, homes around the perimeter of the site enjoy frontage to the surrounding golf course or nature reserve and pedestrian paths and cycle ways.
“But also, in running parkland down the middle of the site, the homes fronting this internal open space enjoy the same open space frontage, so we have effectively doubled the high value frontage.
“The result is that no resident of Halcyon Greens will be located more than a couple of minutes’ walk from open space and amenities.”
“The whole process of developing the masterplan, defining the brief for the amenities, designing the clubhouse buildings and associated landscape treatment was undertaken as a team effort in a series of planning workshops.
“This ensured the ongoing input of those who were working within Halcyon’s existing properties.”
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“We find it difficult to draw a line between masterplanning and architecture because in our practice, the two processes occur seamlessly together,” he said.
“The layout of the clubhouse buildings at Halcyon and the distinct architectural styling is linked to the concepts and principles developed with the masterplan and supported by the detailed landscape design.
“It is this holistic approach to design that will benefit the residents of Halcyon Greens because, as we’ve always said, ‘it’s all about the lifestyle’.”
For more details, go to <a href="https://www.lifebeginsathalcyon.com.au" target="_blank">lifebeginsathalcyon.com.au</a> and <a href="https://www.propertyobserver.com.au/mldesign.com.au" target="_blank">mldesign.com.au</a>.
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Masterplanning expert shapes Halcyon Greens

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A new $120 million luxury boutique hotel to be built in Sydney CBD’s Castlereagh Street has been announced.
AccorHotels has teamed up with real estate developer Shanghai United with an official signing ceremony for the project held on Wednesday 24 May.
The $380 million mixed-use 36-storey tower on the corner block of 110-118 Bathurst and 203 Castlereagh Streets will include a 121 room hotel on levels one to nine with 131 residential apartments above on levels 10-34.
The MGallery by Sofitel hotel is designed by the award-winning Candelapas &amp; Associates architects.
Apartments will interweave the existing 1870s heritage-listed Porter House Hotel adjacent to the tower.
It will feature four levels of additional facilities, including lobby, pool and fitness centre, two restaurants, a fourth floor bar with roving art gallery, meeting and private dining facilities and a business centre.
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 “We are thrilled to develop a new strategic partnership with Shanghai United on this landmark development for Sydney’s CBD,” said AccorHotels’ chief operating officer for the Pacific region, Simon McGrath.
“The Sydney hotel sector is the strongest in Australia with consistent occupancy levels in the mid-high 80% range and average rates growing sharply.
“This new MGallery by Sofitel hotel will stand to greatly benefit from the tourism and infrastructure boom we are currently seeing with projects such as the International Convention Centre and light rail development.
“A new boutique hotel such as this will provide both business and leisure travellers with a new luxury boutique experience in Sydney, whether they visit for conferences, events, cultural or sporting events.”
Xu Yangdong, Shanghai United’s CEO, said it marks a new area of luxury hotel and apartments in the Sydney CBD area.
“WithsService contents delivered by the MGallery by Sofitel, Shanghai United will provide residents and guests an extraordinary array of amenities to enjoy,” said Xu.
Construction on The Porter House Hotel, MGallery by Sofitel will commence in early 2018 with completion expected in December 2020.
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New luxury hotel set for Sydney CBD

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Following the 24 hour sell out of 66 lots in release two of Epiq Lennox Head, developer Clarence Property is bringing release three to market with similarly high buyer demand expected.
Release three of the beachside community will boast 78 lots starting from about $300,000, which will be sold via ballot on June 14 2017, with registrations  of interest essential prior to  May 31 2017.
Prospective buyers who have registered will have their name drawn from a barrel at an exclusive buyer event on June 14, with those selected given the opportunity to purchase a homesite of their choice.
Release three homesites range from 600sqm - 1700sqm and are within walking distance of Epiq's new sporting fields, which are nearing completion and will include an AFL ground, two Rugby fields, two soccer fields and two synthetic cricket pitches.
Clarence Property has introduced the 'ballot sale' system in response to unprecedented buyer demand for homesites at Epiq Lennox Heads.
Release two of the development attracted 116 registered buyers competing for just 66 lots, resulting in a $23.5 million sell out of land in just one night.
The ballot for release three lots will be drawn by Elder Real Estate agent Michael King, who says he expects a 'repeat performance' of the overwhelming success of release two.
"We have already  had registrations for release three  from people who missed out on the ballot draw for release two," Mr King said.
"I'm actually expecting even more competition for land in release three because development at Epiq is more advanced and people can see the community starting to take shape, with the first homes coming out of the ground and the new sporting fields nearing completion.
"Work on a neighbourhood shopping centre is expected to start in the coming months, with completion expected in late 2018, so buyers in release three will be in a great position to enjoy a range of new amenities when they move in to their new homes.
"Despite strong demand, pricing for land at Epiq Lennox Head remains competitive.
Road and infrastructure improvements mean Lennox Head is even more accessible and the commute to employment hubs in Ballina, Tweed Heads and the Gold Coast is getting easier.
"Recent buyers have been a mix of young families, first home buyers and retirees from local areas and I expect a similar mix of purchasers in release three."
Mr King says Epiq has been successful because it pairs   the 'laid back Lennox  lifestyle' with the convenience and amenity of a larger town.
"Epiq is unique in that it offers beachside  living surrounded by hectares of protected bushland and greenery, with the added bonus of being within easy reach of  shops, schools and restaurants," he said.
For more information, please visit <a href="https://www.epiqlennox.com.au" target="_blank">www.epiqlennox.com.au</a>
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Stage three of Epiq Lennox Head released after 24 hour 'ballot' sellout of stage two

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A new residential development in Brisbane’s waterfront Hamilton district has released a new range of apartments.
Brookfield Residential Properties’ Gallery House has released 12 new two bedrooms apartments which also come with a multi-purpose room.
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Brookfield’s general manager Lee Butterworth said the release comes after sales of two bedroom apartments, with 40, two bedroom apartments already sold.
The new floorplan was created in response to market demand for flexible living spaces, Butterworth said.
"Our fastest selling apartments in Gallery House have been the two bedroom floorplans, and with limited two bedroom apartments remaining, we saw an opportunity to release the new design to fill a gap in the market," he said.
"The multi-purpose room in the new two bedroom apartments can be used as a study, media room, play room or even as a spare room if extra guests or grandchildren come to visit."
They have worked closely with architect, Cottee Parker.
The 'River Collection' at Gallery House features two and three bedroom apartments with two car spaces and river views; while the 'City Collection' comprises one and two bedroom apartments with either suburban or river views.
One bedroom apartments in Gallery House start from $419,000; the new two bedroom plus multi-purpose room start from $715,000; and penthouses starting from $2.6 million.
For more information, <a href="https://gallery-house.com.au" target="_blank">click here</a>.
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