<a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> has lodged plans for a $750 million, three-tower mixed-use precinct that would complete the long-running redevelopment of Carlton's former Carlton United Breweries site.

The proposal at <a href="https://www.apartments.com.au/new-apartments/185-195-queensberry-street-carlton-vic-3053">46-78 Bouverie Street and 185-195 Queensberry Street</a> spans a 6,468 sqm site, the last remaining undeveloped parcels within the former brewery's 2007 masterplan.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the development will comprise two purpose-built student accommodation towers and a third build-to-sell apartment tower above a shared commercial podium and basement.

Across the three towers, SP Setia is proposing 606 build-to-sell apartments and 1,499 student accommodation units containing 2,009 beds.

The apartments will sit in the tallest tower, which will rise nearly 200m and 55 storeys. It will become&nbsp;one of the more substantial new build-to-sell apartment projects at the northern edge of Melbourne's CBD.

The apartment mix is weighted toward smaller inner-city product, with 188 studios, 206 one-bedroom apartments, 192 two-bedroom apartments and 20 three-bedroom apartments

<img alt="First look: SP Setia plans three-tower finale for Carlton’s former CUB precinct" data-entity-type="file" data-entity-uuid="8271bc87-1b0a-41b7-ac73-a425ee375261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3_2.png?VersionId=G4lw23o90B1boX4k4dj7rdz2ZEajS9wy" />

Part of the precinct will be a large-scale&nbsp;3,684 sqm supermarket and a further 2,198 sqm of speciality retail, creating close to 5,900 sqm of new commercial space within the precinct.

But one of the biggest components of the proposal is what sits between the buildings.

Around 4,650 sqm, or roughly 72 per cent of the site, will be publicly accessible open space, incorporating plazas, pedestrian connections, landscaped laneways and retail spill-out areas.

The ground plane is intended to finally complete pedestrian connections envisaged when the CUB masterplan was first approved nearly two decades ago, stitching together Victoria Street, Queensberry Street, Bouverie Street and Swanston Street through the former brewery precinct.

Urbis said the development would "complete the CUB precinct", with the public realm providing important north-south and east-west connections through what is currently the final undeveloped portion of the masterplanned site.

SP Setia is also exploring a new linear park within the Bouverie Street road reserve, with the concept to be developed further with the City of Melbourne through the planning process.

The proposal is being pursued through the Victorian Government's Development Facilitation Program under Clause 53.23 for significant residential development with affordable housing.

The planning report acknowledges the proposed heights exceed those contemplated under the original Comprehensive Development Plan and masterplan, but argues the built-form context has changed considerably over the past two decades.

Urbis said the three towers would instead create a stepped transition between Carlton and the Hoddle Grid, rising progressively from the 94.1-metre Tower One along the Queensberry Street edge to the 199.44-metre Tower Three closer to the established CBD-scale buildings to the south.

<img alt="SP Setia" data-entity-type="file" data-entity-uuid="e885a07a-592c-40fc-bf82-e6dbaf32da54" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.52.24%E2%80%AFAM.png?VersionId=7s_ErUkSKAdY1mAWp3GRZgMNCGtwhk5m" />

SP Setia plans to deliver the development across three stages.

Stage One would deliver the basement, podium and retail areas for the entire precinct alongside the first student tower. Tower Two would follow in Stage Two, before the 606-apartment Tower Three is delivered as the final stage.

If approved and delivered, the project would close out a redevelopment process that has been underway since the former brewery masterplan was approved in 2007, adding more than 2,600 student beds and apartments to a precinct already home to Swanston Central, the Barak Building, RMIT Design Hub and several large student accommodation developments.

&nbsp;

&nbsp;

Joel Robinson

SP Setia plans three-tower finale for Carlton’s former CUB precinct

Melbourne developer Lowe Living is seeking to add to its growing bayside apartment pipeline, filing plans for a boutique eight-residence development in tightly held Middle Park.

Lowe Living, which has built much of its development portfolio across Melbourne's affluent bayside and south-east suburbs, is behind the plans for the 730 sqm site at <a href="https://www.apartments.com.au/new-apartments/123-125-erskine-street-middle-park-vic-3206">123-125 Erskine Street</a>, just off Armstrong Street and within the Armstrong Street Neighbourhood Activity Centre.

The developer is seeking approval for a five-storey residential building above two basement levels, with just eight large-format apartments and 18 car spaces.

“This is a deliberately very different proposition for us,"&nbsp;Tim Lowe, Co-Founder of Lowe Living, said.

"Eight residences is exceptionally boutique, but that's precisely what this site calls for.

“There is a strong community in Middle Park and the surrounding suburbs who have spent decades building a life here. They no longer want the maintenance of a large period home, but they aren't prepared to compromise on space, quality or location. We think there is a real opportunity to capture that hyper local market. A site like this rarely comes to market.”

<img alt="Lowe " data-entity-type="file" data-entity-uuid="875fe572-0f14-4d90-9e11-55b28dd07731" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.42.49%E2%80%AFAM.png?VersionId=GDNQRv9BfpR9r1zkZ5UDyUM4ZvpIksut" />

The low-density proposal has been designed by Cera Stribley and is being progressed through the Victorian Government's Great Design Fast Track pathway, having already secured eligibility from the Minister for Planning.

The Office of the Victorian Government Architect supported its eligibility after finding the proposal demonstrated consistency with the program's seven design principles, while the project's financial feasibility has also been independently confirmed by Invest Victoria.

The project is targeting the downsizer market, with the planning documents describing the homes as larger-format residences and noting the two penthouses could otherwise have been configured as four separate apartments.

<img alt="Lowe 2" data-entity-type="file" data-entity-uuid="60ab0987-2da6-4175-adac-315dcf6053c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.15%E2%80%AFAM.png?VersionId=bOCPH0B2MFwlmaRW.TTCF9TzyifgVoQI" />

The site has dual frontage to Erskine Street and Canterbury Place and currently comprises a collection of commercial buildings used as offices, including a former heritage bakehouse, a former stable, a later gabled addition and a central courtyard.

It sits within the Commercial 1 Zone and the Armstrong Street Commercial Precinct heritage overlay, with the existing property classified as a contributory heritage place.

Heritage has subsequently played a significant role in Cera Stribley's design.

The front section of the former bakehouse facing Erskine Street will be retained, including its return walls, street-facing hipped roof and chimneys, while the Erskine Street façade and part of the western return wall of the former stable will also be incorporated into the new development.

Levels four and five will be set back five metres from the retained stable façade, while bricks removed through demolition are proposed to be salvaged and reused within the new building where possible.

<img alt="Lowe 3" data-entity-type="file" data-entity-uuid="e97927a9-a2de-4a0f-83b6-65451238abfa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.06%E2%80%AFAM.png?VersionId=VR44AChLrX9q1XPB9GvVQV.ALXXbe4gC" />

Rather than presenting as a single five-storey building to Erskine Street, Cera Stribley has broken the development into a series of distinct forms.

A three-storey infill element will sit between the retained bakehouse and stable façades, with the upper levels recessed behind the heritage fabric. Canterbury Place will similarly feature two three-storey podium forms, separated by a central pedestrian accessway, before the upper two levels step back from the street.

A pedestrian through-link will run through the centre of the project between Erskine Street and Canterbury Place, creating entrances from both sides of the site and introducing landscaping and communal areas through the ground plane.

Landscape architect Acre has designed planting across the ground level, private terraces and upper levels, including a feature canopy tree at level three and integrated planting and arbours across the level four terraces. Five existing Erskine Street trees are proposed to be retained.

Sustainability is also a significant component of the Great Design Fast Track application. The apartments are targeting an average eight-star NatHERS rating, with no residence below 6.5 stars, while the project has achieved a 75 per cent BESS score. Seven of the eight apartments are designed for cross-ventilation, with the remaining residence using mechanically assisted natural ventilation.

The plans also incorporate an 8kWp rooftop solar system, a 5,000-litre rainwater tank and infrastructure allowing future electric vehicle charging for every residence.

Lowe has a strong portfolio across Melbourne's blue-chip suburbs. They recently launched <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House by Lowe Living</a> in Camberwell, their first development in the Stonnington LGA.

Lowe Living unveils Middle Park apartment development

Article summary

<ul data-end="888" data-start="289">
	<li data-end="442" data-section-id="8tsh6o" data-start="289">DVB Projects is preparing to launch its second Gold Coast apartment development, with demolition now underway at 137 Old Burleigh Road, Broadbeach.</li>
	<li data-end="573" data-section-id="1nyxl3e" data-start="443">The 34-level tower will comprise just 49 ultra-luxury residences, including half-floor, full-floor and penthouse apartments.</li>
	<li data-end="717" data-section-id="oiyimj" data-start="574">The launch follows strong demand at DVB's nearby Sea Glass project, which is more than 50 per cent sold and currently under construction.</li>
	<li data-end="888" data-section-id="epk9o9" data-start="718">The development adds to the transformation of Old Burleigh Road, with premium beachfront apartment projects continuing to reshape the tightly held Broadbeach strip.</li>
</ul>

<a href="https://www.apartments.com.au/developers/dvb-projects">DVB Projects</a> is preparing to launch its second Gold Coast apartment development, with demolition now underway on the Broadbeach site as the Sydney developer moves closer to bringing the ultra-luxury project to market.

The 34-level tower at <a href="https://www.apartments.com.au/new-apartments/137-old-burleigh-road-broadbeach-qld-4218">137 Old Burleigh Road</a> will comprise just 49 residences, ranging from half-floor apartments through to full-floor homes and a penthouse. The launch follows the strong sales performance of DVB's nearby Sea Glass development. More than half of the apartments at Sea Glass, on the other side of Broadbeach, have been snapped up, well ahead of its late 2027 completion

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="2944b4be-c84e-4b54-8dc1-c712e76704c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E02_Exterior_Street%20Level%20Entrance.jpg?VersionId=YoNig7pRdrE3HCue7sUj78LzJteeQf3H" />

The start of demolition at 137 Old Burleigh Road signals DVB Projects’ underlying confidence in the Gold Coast’s luxury beachside apartment sector.

“We see the Gold Coast as one of the most compelling lifestyle markets in Australia, particularly at the premium end where demand continues to deepen,” said Dean Brown, Managing Director of DVB.&nbsp;

“This project has been carefully designed to respond to that demand - delivering large-format residences with a level of quality, privacy and amenity that is still relatively rare in the apartment market on the beachside."

Brown says the site itself is "exceptional."

"Old Burleigh Road is one of the most tightly held beachfront strips, and opportunities to deliver a project of this scale and calibre in this location are extremely limited.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="398f377a-c037-455e-9250-0c5e0d84c35b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/I12_FF%20Balcony.jpg?VersionId=NwOiRWGMubR1c8wthuEfggklcja7al9." />

The project will comprise 40 half-floor residences of approximately 260 sqm, alongside eight full-floor residences spanning around 524 sqm.

A single penthouse will crown the building, featuring a private pool, barbecue area, indoor gym and dedicated entertaining spaces.

Residents will have access to a resort-style suite of amenities, including a 20-metre pool with daybeds, a gymnasium, hot and cold plunge pools, a sauna, and private residents’ lounge and dining facilities.

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="d1642bb0-9a66-4427-a022-dfc0988c6287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A02_Pool%20to%20View.jpg?VersionId=c0IXPyn_Gp_Kn3XCwzMrqIVkAdCEwVXP" />

Sales agent Todd Matheson, of <a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a>, which is marketing both 137 Old Burleigh Road and Sea Glass, said 137 Old Burleigh Road would address a clear gap in the market for genuine luxury products.

“There are very few opportunities on the Gold Coast where buyers can secure a residence of this size and quality in a new building,” Matheson said.

“What we’re seeing is a growing cohort of downsizers and interstate buyers who still want space - they’re not willing to compromise on living area, entertaining or finishes.

“This project has been designed with that buyer in mind. It offers the scale of a home, combined with the convenience and security of apartment living, in one of the coast’s most desirable positions.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="59aae0ca-5639-4320-8aca-d0bf60f48e43" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E01_Exterior%20Hero.jpg?VersionId=DS8Zfy2WtgUEtdfe0TEUuf1W1GfcZq8S" />

Located on a 1,156 sqm site one block from the beachfront, the development will replace an ageing walk-up building and is expected to contribute to the ongoing transformation of the Old Burleigh Road strip into one of the Gold Coast’s most prestigious residential corridors.

With the development moving into the delivery phase, 137 Old Burleigh Road is slated to hit the market later this year.

[smartcode_project_cta:default project_id=145141]

DVB Projects to launch second Broadbeach apartment tower as demolition commences

<a data-end="327" data-is-only-node="" data-start="250" href="https://www.apartments.com.au/developers/norus-projects" rel="noopener" target="_new">Norus Developments</a> has lodged plans for a new apartment development in Clayton that would add further momentum to the suburb's emerging Green Street corridor.

Plans have been lodged for the consolidated site at <a href="https://www.apartments.com.au/new-apartments/1359-1365-centre-road-clayton-vic-3168">1359-1365 Centre Road</a>, where Norus is seeking approval for 218 apartments across a 12-storey apartment building designed by <a href="https://www.apartments.com.au/architects/life-architecture-and-urban-design">Life Architecture</a>.

The proposal sits within the Clayton Major Activity Centre at the threshold of the planned Green Street corridor, a landscaped pedestrian connection intended to improve links through the precinct towards Clayton Railway Station.

The development would replace the site's existing collection of low-scale residential and commercial buildings with a single consolidated building, introducing significantly greater housing density to this part of Centre Road.

A retail tenancy is proposed at ground level to activate the Centre Road frontage, accompanied by transparent street interfaces and landscaping intended to create a more pedestrian-focused edge to the development.

<img alt="First look: Norus Developments plans landscape-led apartment project for Clayton’s emerging Green Street" data-entity-type="file" data-entity-uuid="0a5a763a-d9e9-4253-af2f-88008de27ebf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Clayton%20a.png?VersionId=S2WJJbat1XVkZwB9SnYtygirXgWHiklX" />

The building has been designed with stepped massing and upper-level setbacks to manage its transition towards surrounding residential properties. The planning report describes the approach as one that integrates the building into the landscape rather than treating landscaping as a secondary element.

"A strong landscape and public realm strategy underpins the proposal," Urbis states in the planning report.

"Public benefits include an affordable housing contribution, a new pocket park, generous landscaped setbacks, deep soil planting and integrated Water Sensitive Urban Design."

The report adds that these elements are intended to create "a permeable, pedestrian-focused ground plane that enhances walkability, supports urban cooling and reinforces the emerging Green Street character."

Biophilic and passive design principles extend through the residential levels, with planting, daylight, natural ventilation and views towards landscaped areas forming part of the amenity strategy.

Parking would be concentrated away from the public realm, with 145 car spaces proposed from the rear laneway rather than dominating the Centre Road frontage.

The proposal follows an extensive pre-application process with the City of Monash. Three formal meetings were held between the project team and Council from December 2025 to March 2026, with the scheme evolving through several concept iterations before the current design was lodged.

The project arrives as Clayton prepares for substantial change around its established activity centre and the wider Suburban Rail Loop precinct. Its position on Centre Road places the development within an existing concentration of shops, services and public transport, while the Green Street connection is intended to strengthen pedestrian access towards Clayton Railway Station.

First look: Norus plans landscape-led apartment project for Clayton’s emerging Green Street

<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a> has officially commenced construction on Bronze on Chevron, celebrating the sod turning of its first-ever Gold Coast development and marking a significant milestone in the company's continued expansion across South East Queensland.&nbsp;

Following the successful delivery of premium residential developments throughout Brisbane and the Sunshine Coast, <a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-chevron-island-qld-4217">Bronze on Chevron</a> represents Gardner Vaughan Group's entry into the Gold Coast market. Bronze will deliver 119 one, two, three and four-bedroom apartments above two ground-level retail tenancies.

[smartcode_project:default project_id=107520 project_image_fid=367193]

The recent sod turning ceremony was attended by Deputy Mayor Mark Hammel, President of the Surfers Paradise Surf Life Saving Club, Cassandra Sedgman, project consultants, purchasers, project partners and invited guests to celebrate the commencement of construction.&nbsp;

Gardner Vaughan Group Chief Executive Officer Simon Betteridge said Bronze on Chevron represented an exciting new chapter for the business.&nbsp;

"We've spent almost four decades building homes that respond to the way people want to live, and we're excited to bring that experience to <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>," Betteridge said.

"Bronze on Chevron is particularly significant because it marks Gardner Vaughan Group's first development on the Gold Coast following many successful projects across Brisbane and the Sunshine Coast."

[smartcode_project:default project_id=107520 project_image_fid=367183]

Betteridge said the ground breaking is a proud moment for the&nbsp;team and their purchasers, who can now see their future homes beginning to take shape.&nbsp;

"As both developer and builder, we're able to oversee every aspect of the project from design through to construction, ensuring the quality and attention to detail Gardner Vaughan Group has become renowned for."&nbsp;

Designed by acclaimed architectural practice <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, Bronze on Chevron has been thoughtfully designed to complement Chevron Island's evolving streetscape while embracing its relaxed coastal lifestyle.

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029.&nbsp;

[smartcode_project_cta:default project_id=107520]

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029

Gardner Vaughan Group breaks ground on first Gold Coast development, Bronze on Chevron

New Developments

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A Hong Kong property group who paid about $65 million for a Surfers Paradise oceanfront reserve site has plans for a 78 storey plus high-rise residential apartment block.
The developer secured the now razed 3,494 square metre Iluka site unconditionally last week, the Gold Coast Bulletin reported.
The planned tower is set to be taller than the 78-storey Q1.
The Iluka site was sold by US group Goldman Sachs, which gained control of it in 2013 when it paid Suncorp for a basket of distressed loans.
The building’s 72 apartments were amalgamated by the Raptis Group nearly 10 years ago.
The 17-level, early 1970s Iluka, home to the Billy’s Beach House nightclub and bar, was demolished in late 2013.
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jchancellor-FAypfDUnLy

Gold Coast's Q1 to be topped by nearby 78 plus storey residential highrise

<html><body>
Generally, in a builder's tender/quote, you will see some items marked at 'provisional'.
This means an estimate has been calculated and included. This sum is an allowance for an element of work that is not yet able to be calculated accurately or fixed in price.
On a provisional item, you will pay the actual cost, whether it be more or less than the amount allowed for.
A good example is the sub concrete slab piering.  A slab needs to be supported by piers below the ground to prevent movement and increase its strength.
<img src="/images/2015/04/10/pier%20holes.JPG" alt="">
A soil test or geotechnical report is completed on the development site. This will determine the soil type and show the depth that had to reached before solid ground was reached.  There is usually about three or four holes drilled over the area where the slab will be located.
<img src="/images/2015/04/10/filling%20pier%20holes%20with%20concrete.JPG" alt="">
The engineer uses the data from the geotechnical report to design the slab. The slab plan will show the number of piers required to structurally support the slab and their location.
As part of the slab preparation works, the concreter will drill each pier hole and then fill it with concrete.  Each hole may vary slightly or considerably depending on what is beneath the surface and how far they've needed to drill.
<img src="/images/2015/04/10/completed%20piers.JPG" alt="">
The cost for the concrete piering is based on the volume of concrete required to fill the holes. The builder won't know this until the concreter issues his invoice or reports this information to the builder from site.
As part of the builder's contract amount, an estimate or provisional sum is used by the builder.  In Property Bloom's experience, our builder almost always over estimates the amount required. This is a good safety net technique to ensure that there are no nasty surprises and additional funding required. We love to report back to our clients that they have received a credit on this provisional amount.
It's easy to cross check so you know what the actual cost was. Just ask your builder for a copy of their concreters invoice, add the builder's margin to this and you'll be able to see the exact cost of the piering.
Most provisional allowances are around the initial site works. Once your site is cut, site works, retaining walls and slabs are laid, then the rest of the construction works are far easier for the builder to calculate and can be included as fixed costs.
www.propertybloom.com.au
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jochivers-wq5Bp59R5a

Planning for your provisional allowances: Jo Chivers

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Caydon has acquired the former local market Moonee Ponds site with plans to create a $650 million apartment, retail and office project.
News Ltd reports the price was around $45 million.
It was sold by the joint owners Leighton Properties and Qualitas, who had paid $23 million last year.
Located at 40 Hall Street and 34-36 Margaret Street, the Moonee Ponds site has a concept plan for a multi-staged development comprising about 1,200 apartments.
Leighton Properties and Qualitas acquired the 1.34 hectare site from Reading International in October 2013. 
The US-based Reading Cinema chain sat on what was a car park for 15 years ago having bought it with the hope of building a landmark entertainment complex. 
The land was permitted in 1997 to become a 12-screen cinema complex which rival Hoyts went to VCAT to prevent being built.
In 2012 after not receiving any formal building application, the Moonee Valley Council demanded Reading sell the site as the suburb ranks in the state government's Melbourne 2030 planning policy as an activity centre.
Caydon has other major inner city projects planned including Flemington.
There was its late 2014 acquisition of <a href="/expert-insights/buying/leaps-and-bounds-as-caydon-buys-the-richmond-malt-complete-with-nylex-clock">the Richmond Malt site </a>on the fringe of the Melbourne CBD.
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Caydon buys Moonee Ponds market site

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Work has begun on the $970 million Jewel development by China's Dalian Wanda Group and Ridong Group.
Queensland Deputy Premier and Minister for Infrastructure Jackie Trad launched construction on the three-tower mixed use development at Broadbeach at a ceremony yesterday.
The three-tower joint venture will comprise 500 apartments, 171 hotel rooms and retailers.
Dalian Wanda group chairman Wang Jianlin is reportedly China's richest man. His estimated $290 million capital injection into Jewel is part of his <a href="/expert-insights/buying/after-cup-of-tea-for-pm-abbott-wang-jianlin-commits-to-jewel-surfers-paradise-development">$1.7 billion investment commitment</a> to the Australian real estate sector. Dalian Wanda Group's involvement in the development began in August 2014.
Ridong bought the 1.13 hectare site on Old Burleigh Road in 2010 for $81.8 million. Four buildings – two houses, a low-rise apartment block and a 14-level building of holiday units – have been cleared to make way for the development.
The development will have 130 metres of absolute beach frontage. Andrew Bampton, director of sales and marketing Wanda Ridong (Gold Coast) said the site was "one of the most lucrative hot spots for capital growth in the coming years".
Figures from CoreLogic RP Data <a href="/news">show a slight recovery in median prices</a> for Broadbeach units over the past year, following a steep price descent over 2013 from a peak of $525,000 to a trough of $412,250 in early 2014. "Jewel will be the most significant development on the Gold Coast since the GFC, and the first true beach-front residential resort in more than 30 years. This investment is a $1billion vote of confidence in the City of the Gold Coast and in Queensland," said Brampton.
State Minister for Tourism Kate Jones and Gold Coast Mayor Tom Tate also attended yesterday's turning the sod ceremony.
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jrichardson-uRX5hFdKfN

Construction begins at Gold Coast's Wanda Ridong Jewel

<html><body><div class="cq-article-content-paras section">
Lend Lease's Armadale development, Toorak Park attracted strong downsizer buying interest at its weekend launch.
It comprises 448 apartments and 18 townhouses.
Around 60% had sold by Sunday afternoon at an average price of more than $1 million, following the Marshall White marketing campaign.
The Australian Financial Review noted Lend Lease's managing director of urban regeneration Jonathan Emery suggested the result indicated Melburnians are looking for high quality options to downsize or simply purchasing a standout investment property.
The <a href="https://www.toorakpark.com" target="_blank">luxury residential apartment development </a>named Toorak Park is on a 2.5 hectare site beside Toorak Park.
Designed by Denton Corker Marshall and Carr Design Group, the 16 building project will feature landscape architecture by Tract.
The Toorak Park project will include a publicly accessible boulevard with direct access to Toorak railway station, <a href="/expert-insights/buying/lend-leases-toorak-park-project-coming-to-armadale">Property Observer previously reported</a>.
Lend Lease's national head of Apartments Ben Christie said the site was one of the best qualities of the project.
One, two and three bedroom apartments are available. One bedroom apartments will range from 55 square metres to 88 square metres, two bedroom apartments are sized from 75 square metres to 107 square metres, and three bedroom apartments range from 115 square metres to 148 square metres.
The project is expected to be completed in 2018, with a display suite now open.
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Lend Lease secures strong downsizer buying interest in Toorak Park project

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All 50 lots at Breen Property’s Shearwater Landing have now sold in the stage one offerings.
The 44 hillside lots, ranging in size from 560 square metre to 1,109 square metre, were sold for between $950,000 to $1.55 million.
All 50 available lots at Shearwater Landing, have now sold in stage one following on from the success earlier this month when six auction lots sold ranging in prices from <a href="/expert-insights/building/beach-building-blocks-at-2-2-million-plus-sellout-at-shearwater-landing-greenhills-beach-auction">$2.2 million to $2.65 million</a> through Nigel Napoli at Savills Residential Projects .
Nigel Napoli noted "not even the NSW State Election kept buyers away."
“Throughout the entire day there was a flow of couples and families, all eager to sign on the dotted line.” 
Napoli added Savills had been working with clients since the initial pre-registration campaign in 2013
The next release of Shearwater Landing will be the auction of 12 ocean view lots in mid-May, followed by 14 hillside lots which will be sold via an expressions of interest campaign. 
Shearwater Landing, Sydney’s newest beachside suburb, is a master-planned development with a total of 160 torrens title lots within a master-planned, landscaped residential precinct overlooking the Pacific at Greenhills Beach, some 30 to 40 minutes south of the Sydney CBD.
 
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Latest Shearwater Landing land sellout at Greenhills Beach

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The single tower development on Russell Street been approved by the Brisbane City Council after numerous delays.
<a href="https://olympiaonrussell.com.au" target="_blank">Olympia on Russell</a> is a joint venture between Girdis Group and the Greek Orthodox Community Church of St George Street South Brisbane.
The project has been held up in the approval process, with <a href="https://www.brisbanetimes.com.au/queensland/greek-communitys-traditional-home-under-threat-20130506-2j3jh" target="_blank">some controversy over the destruction of the Hellenic House</a> on the site.
After 18 months, the project has now been approved.
The $40 million development in in Brisbane's West End will have 65 one, two and three bedroom apartments, starting from $380,000. The most expensive apartment will be priced at $1,135,000.
According to Place Projects, who are marketing the properties, at least 42 contracts have been issued for the development.
Place Project's Syd Walker said South Brisbane "has the potential to outgrow all other inner-city Brisbane suburbs over the next 20 years".
"The market is in hot demand at the moment and we predicted strong interest from the start," said Walker.
"The extraordinary levels of interest achieved for the development shows the demand for a quality, boutique product located in the South Brisbane precinct. South Brisbane is home to all the economic and demographic drivers required to achieve long term capital growth, and we know that the rental demand for this new development is set to be unprecedented."
There will be 18 one bedroom apartments, 39 two bedroom apartments and eight three bedroom apartments available to purchase in Olympia on Russell. Their sizes will range from 54 square metres to 151 square metres.
Developer Girdis Group is Brisbane based and has been specialising in property development and asset management since 1958. The group is headed by Nick Girdis, a former dentist, and has completed more than 100 projects.The project was designed by architects Cameron Chilsolm &amp; Nichols.
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Brisbane's Olympia on Russell apartments receive development approval

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This week we did a little back flip on a development project and I thought I'd talk about what to do when things don't necessarily go your way.
We found a wonderful property for our clients well located right in the CBD of a town.  The project would eventually end up as a three unit development which would include the existing house. Our plans are to renovate the house (which we have now completed) and build a duplex (two attached dwellings) behind the house. It's termed 'three unit' by council as when you lodge your development application (DA) they assess the house as one of the units.
We had a few options to explore on this before we lodged our DA. The property backed onto a laneway which for all purposes is used as a road. It's bitumen sealed with kerbing and used mainly by retailers for deliveries and to access the shopping centre nearby.
We met with council with the proposal to face the duplex to the laneway and have direct vehicle access onto the laneway considering it's condition. Mostly laneways in this suburb are gravel tracks unsealed with no kerbing or drainage.
A few weeks after an over the counter meeting at council, we finally received feedback from the town planner we'd met with. She explained that council probably would not support vehicle access to the laneway as they didn't want to set a precedent. Whilst disappointing, we switched to our back- up plan of a 'battleaxe' style development with vehicle access from the road. This is more costly due to the long driveway. There were also added  costs to fill and retain the rear of the site to get the right fall for the stormwater to drain to the street.
We lodged the DA and received a letter from the planner requesting some ridiculous changes around our stormwater drainage. Without going into all the detail, it would have a big impact on costs.
I pondered over this for a few days, we can argue and fight but thinking about this particular site and its location and my client's goals which are to build their investment portfolio and create as much equity as possible in the process.
I set up a meeting with our clients to present an idea I had. Our DA is still in council, but I wanted to present another development strategy to them. The strategy included withdrawing the DA and building a granny flat on their property. The granny flat tenants are allowed to use the laneway for access and so we could have it completed quickly - within three months - and their yield would be increased. Then, to replace the equity creation that the three unit project was to deliver, I presented a dual occupancy project to them on land we'd just located. This project would actually create more equity than we estimated the three unit project would for them.
They were happy to change tact. But we are still investigating whether we complete the DA and then they sell the property in a few years time with a DA approval in place or whether they proceed with the granny flat construction. Either may have good outcomes for them.
So when an unexpected hurdle pops up, it's important to investigate other options and not just stay with the original plan for the sake of it. By looking at a different project to deliver one of their goals we are still fulfilling the goal of building a portfolio. There can be many hurdles to jump as property developers but sometimes investigating a different path is better than trying to jump a hurdle that keeps moving.
<a href="https://www.propertybloom.com.au" target="_blank">www.propertybloom.com.au</a>
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What to do when a development doesn't go to plan: Jo Chivers

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The Byron Bay project, Fortyfive Lawson has sold out.
It was the village's first luxury apartment development in 15 years on the main beach strip.
<img src="/images/2015/03/25/140908%2045%20Lawson%20Penthouse.jpg" alt="">
Sales totalled $33 million for the developer, and Flight Centre co-founder, Jim Goldburg.
“Since Australia Day the remaining four properties were snapped up,” Goldburg said.
“All apartments sold at listing price, confirming the strong interest in a limited market with the majority of the nine apartments purchased by Australian buyers from Melbourne, Sydney and Brisbane.
The demolition of the pre-existing building and construction commencing signalled to buyers and investors that "time was running out", he said.
Last year it broke the record price for an off the plan Byron Bay apartment sale after a Brisbane family paid just under $5 million for a four bedroom, 405 square metre penthouse.
The luxury development had four single level residences, one spacious retreat-style two-level terrace, two sub penthouses and two penthouses boasting views over Byron Bay’s Main Beach.
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Byron Bay sellout in luxury beachfront location

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Monarch Mosman, the first residential development in the Centuria property portfolio, has secured an 80% sales success rate in quick time.
The development offers a mix of 62 apartments and townhouses.
There's also four live/work Soho-style units designed by the architects, Bates Smart.
Peter Walsh of <a href="https://www.raywhiteprojects.com.au/nsw/mosman/1972484/" target="_blank">Ray White Projects</a> fielded some 800 enquires intanden with the local Ray White Lower North Shore network (Mosman, Neutral Bay and Crows Nest offices) as well as Ray White Hong Kong.
Property Observer gleans a very limited number of apartments were released in Hong Kong last weekend to sell out within hours.
New stock supply is very limited, but proving popular with both the established mature buyers and new investors.
The project is located at the corner at 116 Belmont Road and 339 Military Road, owned by Centuria Property Funds since paying $13.75 million in 2001.
The project was approved by the Joint Regional Planning Panel.
Jason Huljich of Centuria said Bates Smart were selected for their vision for the bespoke development close to Cremorne Junction.
Outside space including private gardens, loggias and balconies was sought with every apartment having designated spaces for motorbikes and pushbikes and basement storage.
Centuria Property Funds has over $820 million of property under management in 14 unlisted property funds. Centuria Property Funds is a wholly-owned subsidiary of Centuria Capital Limited, an ASX- listed specialist funds manager with $1.6 billion in funds under management.
Many had views across the north shore or over the harbour, and some over on Military Road look towards Chatswood.
Construction for the development will commence in June.
It is expected to take 15 months to complete.
One bedroom apartments are starting at $640,000 and two bedroom apartments from $800,000.
<a href="https://www.youtube.com/watch?v=r3HU44qvnzk" target="_blank">Roger Poole</a>, the Bates Smart chair, said there were generous floor plans and the prospect of being liberated from the car.
For many years the offices were home to Australia's largest retail advertising agency, Ideaworks.
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