<a href="https://www.apartments.com.au/developers/draycon">Draycon Building</a> is nearing completion of Boutique Chevron Island, a 42-apartment development on the northern end of Chevron Island at 17–19 Parneno Street, with a limited-time offer of fully furnished apartments available.

Now more than 90 per cent complete, <a href="https://www.apartments.com.au/buildings/boutique-chevron-island-17-19-parneno-chevron-island-qld-4217">Boutique</a> has been shaped by one of the Gold Coast’s most tightly held island addresses, where riverfront outlooks and walkable access to Surfers Paradise converge.

For Draycon Building Managing Director Howard Dabit, the appeal of the site was immediate.

“I knew it was a good site as soon as I saw it,” Dabit said.

“The position and location on the north end of <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>, the way the river swirls around the site basically from the north to the east, it feels like the site is surrounded by the water. The height that we’ve got and the aspect looking north is beautiful. Eighty per cent of the apartments are looking north so they get that drenching sunlight coming in.”

[smartcode_project:default project_id=89709 project_image_fid=360922]

That northern orientation places the development within a stretch of Chevron Island defined by open river aspects and skyline views, while remaining embedded in the suburb’s established village setting.

Chevron Island has increasingly drawn owner-occupiers seeking centrality without the intensity of high-rise beachfront living. Positioned at the geographical centre of the Gold Coast, the island offers direct access to both the beach and key cultural infrastructure while retaining a neighbourhood-scale character.

Connected by bridge to Surfers Paradise, Chevron Island offers walkable access to beaches, riverfront parklands and a revitalised foreshore boulevard animated by walkers and cyclists throughout the day. The Pacific Ocean is only minutes away, reinforcing the suburb’s dual river-and-surf identity.

At the same time, Thomas Drive forms the spine of the island’s village life, delivering cafés, wine bars, casual dining and everyday services within easy reach. Independent grocers, wellness operators and neighbourhood retailers contribute to a community atmosphere that remains distinct from the vertical scale of the beachfront.

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In the opposite direction, the Green Bridge links directly to HOTA – Home of the Arts – placing galleries, performance venues and parklands within walking distance. Weekly markets and major exhibitions draw visitors from across the region, while residents return to a quieter residential pocket at day’s end.

Public transport, including nearby bus routes and the G:link light rail corridor along the coastal spine, strengthens connectivity north and south. Griffith University, the Gold Coast University Hospital precinct and established private schools such as The Southport School are all within a short drive.

Ongoing investment across Surfers Paradise, HOTA and the broader Southport corridor has elevated amenity while preserving Chevron Island’s comparatively low-rise residential character. It is this balance, walkable village atmosphere paired with metropolitan-scale infrastructure, that continues to differentiate the suburb from higher-density beachfront precincts.

Boutique comprises just 42 residences, designed to maximise river and skyline outlooks within this tightly held island setting.

Boutique Chevron Island is slated for completion in April 2026, with prices starting from $1,220,000.

[smartcode_project_cta:default project_id=89709]

Joel Robinson

Draycon Building’s Boutique Chevron Island places 42 residences at the heart of the Gold Coast

Sydney developer <a href="https://www.apartments.com.au/developers/deicorp">Deicorp</a> has secured planning approval for a $300 million residential development in Lindfield, marking the company’s second project on Sydney’s North Shore and its first on the Upper North Shore.

Located on Beaconsfield Parade and designed by DKO Architecture, the state significant development comprises three buildings of up to 10 storeys and will include 399 residences, including 59 affordable homes and 40 adaptable homes.

Residences will range in size from one, two and three bedrooms, with two-bedroom apartments accounting for over 60 per cent of the product make-up. Residents will have access to a broad suite of amenities, including a wellness area, indoor and outdoor recreational spaces, a pool, a gym, a community room and a golf simulator.

In line with Deicorp’s long-standing focus on creating transit-oriented communities, the project is located just 260 metres from the Lindfield Train Station, reinforcing its role in delivering well-connected housing close to established infrastructure, retail and local services.

The inclusion of affordable and adaptable housing supports greater diversity within the local market, while the mix of apartment types responds to demand from downsizers, young professionals and families seeking access to the Upper North Shore.

Deicorp Founder Fouad Deiri OAM said the approval represents an important milestone for both the company and the suburb

“This approval allows us to deliver well-designed homes in a location that is already supported by strong transport and community infrastructure," Deiri said.

"Our focus is on creating places that integrate into their surroundings and provide long-term value for residents, and the broader Lindfield community. Being within walking distance of the station ensures this project supports sustainable growth in the right locations."

Across its portfolio, Deicorp currently has 4,703 apartments under construction, playing a leading role in shaping connected, liveable communities across Sydney.

Its expanding portfolio of Metro-linked developments includes Tallawong Village, <a href="https://www.apartments.com.au/new-apartments/kings-bay-village-five-dock-53-75-queens-road-five-dock-nsw-2046">Kings Bay Village</a> in Five Dock, <a href="https://www.apartments.com.au/new-apartments/hyde-metropolitan-sydney-133-141-liverpool-street-sydney-nsw-2000">Hyde Metropolitan</a> in Sydney CBD, <a href="https://www.apartments.com.au/new-apartments/falcon-alexander-crows-nest-8-alexander-street-crows-nest-nsw-2065">Falcon &amp; Alexander</a> in Crows Nest and Showground Village, Castle Hill.

Deicorp purchased the Beaconsfield Paradise site last year. Construction is scheduled to commence in Q2 of 2026 and will be completed in 2029.

Deicorp expands portfolio to nearly 5,000 apartments with Lindfield project

In a joint venture with The Trump Organization, Australia developer Altus Property Group has announced plans to bring a Trump International Hotel &amp; Tower to the Gold Coast, marking the first Trump-branded project in Australia.

&nbsp;

"Trump International Hotel &amp; Tower, Gold Coast is our first official project in Australia and reflects our unwavering commitment to delivering world-class luxury experiences in iconic locations around the world," Eric Trump, Executive Vice President of The Trump Organization, said.

"This development exemplifies the Trump brand’s dedication to quality, sophistication, and unmatched service, and we are thrilled to bring this vision to the vibrant Gold Coast community."

The 91-storey building, which will become the tallest in Australia at 335 metres, will feature a&nbsp;285-room luxury hotel bearing the trademark Trump logo. It will also include 272 luxury residential apartments, a three-level podium with an exclusive Beach Club, and over 3,400 sqm of premium commercial, retail, and dining space, revitalizing the central Surfers Paradise precinct.

“Trump International Hotel &amp; Tower, Gold Coast will be a truly unique offering in the Australian market, bringing the prestige and allure of a world-class luxury brand,"&nbsp;Altus founder and chief executive David Young said.

"Altus Property Group is proud of its track record in delivering landmark developments across Australia, and our expertise ensures this project will be an outstanding success."

Trump Hotel heads for the Gold Coast to become Australia's tallest building

More than a century after the Corrimal Coke Works first opened in 1912, the industrial landmark that helped shape the suburb is being reinterpreted as a walkable residential neighbourhood, with Stage One of <a href="https://www.apartments.com.au/new-apartments/the-works-stage-one-27-railway-street-corrimal-nsw-2518">The Works</a> now underway at 27 Railway Street.

For 102 years, the site was central to <a href="https://www.apartments.com.au/developments/corrimal-nsw-2518">Corrimal</a>’s economic and social identity before operations ceased in 2014. Rather than erasing that legacy, developer Legacy Property has embedded it into the masterplan, retaining and reinterpreting elements such as the iconic 1912 brick chimney and sections of the original C1 Coke Oven Battery, alongside the adaptive reuse of the former powerhouse building.

Stage One will introduce 181 apartments across low-rise buildings, offering predominantly two and three-bedroom residences with completion targeted for mid-2027. The scale and configuration reflect a deliberate focus on owner-occupiers, targeting those seeking a lower-maintenance home in a prime location within the northern suburbs of Wollongong.

[smartcode_project:default project_id=143415 project_image_fid=359833]

Apartments have been designed to maximise natural light and cross-ventilation, with floor-to-ceiling glazing extending living areas onto generous balconies. Engineered timber flooring, induction cooktops and 900mm ovens in larger residences support everyday functionality, while two interior palettes allow buyers to tailor finishes to their preferences. The material selection draws on a restrained coastal language, intended to connect homes to their surroundings rather than compete with them.

The Works forms part of a broader 18-hectare masterplan that will ultimately deliver around 550 dwellings, new parks, and a heritage precinct celebrating the site’s past. More than seven hectares are dedicated to open space, including Southern Park and a Village Green with community gardens and recreation areas. The creek corridor is being rehabilitated with 150,000 native plantings, restoring biodiversity to the site and softening landscape.

[smartcode_project:default project_id=143415 project_image_fid=359841]

Positioned adjacent to Corrimal Station and within walking distance of Corrimal Town Centre, the precinct places daily essentials, rail connections and local retail within easy reach. Wollongong CBD, including the hospital, university and entertainment venues, sits approximately 6.5 kilometres to the south.

For buyers more familiar with North Wollongong, Corrimal offers a different proposition: a well-established coastal suburb framed by beaches to the east and the escarpment to the west, with a strong sense of local identity shaped in part by the former Coke Works. The Works seeks to reinforce that identity by creating a connected, walkable neighbourhood between coast and escarpment, rather than a standalone apartment complex.

Sustainability underpins the development approach. The Works is targeting Wollongong’s first 5-Star Green Star-rated community, with water-sensitive urban design, recycled materials and energy-efficient buildings integrated across the masterplan. For residents, these measures provide not only environmental benefits but also reduced operational costs and future resilience.

[smartcode_project:default project_id=143415 project_image_fid=359842]

With construction commenced and display materials available to view, prospective buyers can now engage more directly with the project’s vision, reviewing floorplans, material selections and the broader masterplan in detail. For many local homeowners weighing a move, the opportunity to experience how heritage, landscape and contemporary design intersect may help bridge the gap between familiarity and the next chapter.

As Stage One progresses toward its mid-2027 completion, The Works represents a significant chapter in Corrimal’s evolution, transforming a site that once powered local industry into a walkable residential precinct designed for its next generation of residents.

[smartcode_project_cta:default project_id=143415]

Legacy Property’s The Works reimagines Corrimal’s century-old Coke Works

When it comes to developing in Melb​ourne's Bayside region, <a href="https://www.apartments.com.au/developers/lowe-living">Lowe Living</a> knows exactly what buyers want.

With a longstanding presence in the area and a string of sell-out projects, Lowe Living consistently delivers developments that are as sought-after as their predecessors.

Their latest instalment is in <a href="https://www.apartments.com.au/developments/hampton-vic-3188">Hampton</a><a href="https://www.apartments.com.au/developments/hampton-east-vic-3188">&nbsp;East,</a> the same postcode where they have previously delivered Hampton Hill and Oceano. The developer-builder recently commenced construction on its newest project,&nbsp;<a href="https://www.apartments.com.au/new-apartments/marella-hampton-31-35-alicia-street-hampton-east-vic-3188">Marella</a>, a collection of 32 apartments just five minutes from the beach.

Site acquisition is paramount to success. Lowe Living rarely brings a building to market that isn’t within walking distance of essential amenities, whether it be the beach, a prominent retail strip, or a train station. Marella is no exception, located at its Alicia Street address, less than a kilometre from the retail heart of Hampton Street and Hampton Station.

[smartcode_project:default project_id=146197 project_image_fid=358495]

Equally important to Lowe Living is the architecture.

For Marella, they appointed <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>, who explains that the architectural vision was to create a contemporary reinterpretation of the Californian bungalow, a style that’s iconic to Hampton’s heritage.

"By borrowing, abstracting, and reinterpreting elements of this quintessential style, such as strong datum lines, articulated columns, exposed structures, and roof tiles, our design strikes a balance between modernity and familiarity," says Cera Stribley.

"This approach ensures that the development is not only visually appealing but also contextually sensitive, resonating with Hampton's existing architectural landscape."

[smartcode_project:default project_id=146197 project_image_fid=358499]

The building features terracotta brick, soft cream masonry, and exposed metal detailing, giving it a tactile presence that is intended to weather gently over time.

Internally, the focus on lasting quality continues, with two and three-bedroom residences anchored by sculptural stone kitchen islands, natural light, and clearly defined transitions between living, dining, and outdoor spaces.

The layouts have been carefully designed. Open-plan zones extend to private balconies, with light-filled interiors and generous kitchen proportions, supported by Miele wall ovens, induction cooktops, and integrated fridge-freezers. These are not small apartments rebranded as luxury; they have been designed at scale, with ample storage, hotel-style entry access, and secure basement parking provided as standard.

[smartcode_project:default project_id=146197 project_image_fid=358492]

At the uppermost level, Marella’s Signature Collection penthouses offer city or bay views, large entertaining terraces (some with outdoor spas), and elevated finishes, including fully wrapped stone kitchen benches and a Liebherr wine fridge.

Flexible room arrangements allow for a fourth bedroom or secondary living space, sought-after by both empty nesters who want the space when family visits and families with older children.

[smartcode_project:default project_id=146197 project_image_fid=358498]

A residents’ lounge on the ground floor reinforces the project’s small-community feel. With a fireplace, private dining area, and adjoining terrace, it’s one of several shared spaces that balance amenity with privacy and scale.

Construction has commenced, with completion expected in early 2027.

[smartcode_project_cta:default project_id=146197]

Lowe Living continues Bayside legacy as Marella rises in Hampton

Pitt Street

The Melbourne-based developer, ICD Property, are readying a second mixed-use hotel and apartment tower in the Sydney CBD.

The project at 372 Pitt Street, toward the Haymarket end of Pitt Street near World Square, will be&nbsp;a joint venture between ICD and&nbsp;Belingbak, who appear to be a development arm of new investment firm Belingbak Capital Partners.

Woods Bagot has put together the plans for a 54-level tower,&nbsp;subject to change as the stakeholders continue to work through the architectural design and optimisation process.

<a href="/new-apartments/sydney-nsw">To track this development and be updated on its next stage, enquire here.</a>

<img alt="" height="865" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/icd_pitt_st_sydney_main.jpg" width="1200" />

The&nbsp;project put forward to council, currently valued at around $156 million,&nbsp;is expected to see&nbsp;just a small collection of just 28 apartments, which at the moment start from about level 40, up to the top of the tower. Current plans are for just two apartments per floor from&nbsp;levels 40 to 52,&nbsp;a mix of two and three-bedroom units.

The top two levels are set to&nbsp;home two full-floor, four bedroom penthouses.

There&#39;s expected to be around 288 hotel rooms, running at nine per floor from level seven to 38.

<a href="/new-apartments/sydney-nsw">To track this development and be updated on its next stage, enquire here.</a>

Residents&nbsp;will have access to the extensive amenity which comes in the mixed-use hotel/apartment concept, with a gym, function room and cinema located on level four, a restaurant and bar&nbsp;with a full width terrace on level three, and a ground floor cafe.

&quot;372 Pitt St will be a monumental addition to Sydney, one that blurs the distinction between personal life and leisure as we strive to bring a first to market hotel and hospitality offering to Sydney &ndash; that is inspired by the diversity of people, local character and originality of the streets and scenes that surround us,&quot; the submission to the City of Sydney Council read.

<img alt="" height="1525" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/icd_main.jpg" width="1200" />

&quot;The team&#39;s vision will bring to Sydney a hotel offering with global character and attraction.

&quot;The new hotel through design, brand, and operation will be a catalyst for the precinct delivering quality architecture, urban activation, social and accommodation opportunities and increased job creation.

&quot;It will provide for the increasing tech community at Central and continue to grow the active centre of the CBD towards the south.

&quot;Our proposal is a unique opportunity for increased city amenity and global identity.&quot;

<img alt="" height="1558" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/icd_2.jpg" width="1200" />

ICD, led by Matt Khoo, are working on another mixed-use hotel apartment development <a href="/news/nsw/sydneys-city-tattersall-redevelopment-gets-sign-off-for-apartment-and-hotel-project">just up the road at the popular City Tattersall Club</a>.

That will see the scales tipped toward apartments over the hotel room component, with 241 apartments and 101 hotel rooms to be developed at the 194-204 Pitt Street address.

The 50-storey tower is another joint venture, this one&nbsp;alongside the Singapore-listed First Sponsor. Late last year the project, designed by BVN Architecture with fjmt studio overseeing all heritage designs, received the green light from the&nbsp;Central Sydney Planning Committee.

Woods Bagot has put together the plans for a 54-level tower, subject to change as the stakeholders continue to work through the architectural design and optimisation process

ICD Property plan another Sydney CBD mixed-use hotel and apartment tower

Oxford Properties Group (&lsquo;Oxford&rsquo;) and Investa today announced they have received development approval from the Independent Planning Commission (IPC) for the first build to rent building in the Sydney CBD, a new residential development above the South entrance of the Sydney Metro Pitt Street Station.

The development will deliver an innovative, sustainable, purpose-built build to rent residential building that will create an unmatched rental experience for residents in the Sydney CBD. The approval is a major milestone for the project and is the first step in Oxford&rsquo;s strategy to create a leading build to rent platform in Australia and to attract co-investment from like-minded and strategic investors. The platform is being created in partnership with Investa, which is Oxford&rsquo;s local operating and development partner for its office portfolio and growing build to rent business.

<img alt="" height="530" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/pitt_st_station.jpg" width="920" />

The 39-storey building will feature 234 residential apartments with extensive on-site amenities, including a wellness floor, rooftop terrace and adjoining communal space, an entire floor dedicated to work from home spaces, a social lounge and up to 682 square metres of retail. The building is targeting a 5 Star Green Star rating, with 30% Basix energy targets and 40% water targets.

Nellie O&rsquo;Keeffe, Project Director at Oxford Properties said, &ldquo;this is an exciting milestone for a truly transformational project. We are working with a world-class project team, which includes leading Australian architects Bates Smart and are committed to delivering a project that sets the bar for purpose-built rental in Sydney.

[smartcode_project:default project_id=7758 project_image_fid=79424]

Located on the corner of Pitt and Bathurst streets, the development is ideally positioned to provide a lively city lifestyle to future residents, ranging from young families, to working professionals to downsizers. Seamlessly integrated with the new Pitt Street metro station and well connected to other primary transport hubs, residents will benefit from connectivity to Greater Sydney and close proximity to Hyde Park and some of Sydney&rsquo;s best retail, dining and entertainment attractions, while enjoying the convenience, amenity, flexibility and sense of community this location offers.

Oxford&rsquo;s build to rent pipeline in Australia now includes approximately 1,000 units, following the acquisition of its first build to rent site in Melbourne at 3 McNab Avenue, Footscray, and is targeting more than 5,000 units over the next 10 years.

Oxford&rsquo;s consortium partners, CPB Contractors commenced construction on the metro station in December 2020. The residential development is scheduled to begin in late 2021 and due to be completed in line with metro services in 2024. Oxford anticipates that around 350 jobs will be created through the construction over a 24-month period.

Oxford Properties Group (‘Oxford’) and Investa today announced they have received development approval from the Independent Planning Commission (IPC) for the first build to rent building in the Sydney CBD

jordan_55689

Development approval locked in for Sydney CBD's first build to rent development

The stage two development application for the 50-storey mixed-use redevelopment Sydney&#39;s City Tattersalls Club has been lodged with the City of Sydney council.

The Melbourne-based developer ICD Property is handling&nbsp;the development alongside a consortium led by the Singapore-based First Sponsor Group.

The 50-storey building towering&nbsp;above Pitt Street has been designed by BVN and will home a 101-room hotel and 241 residential apartments, as well as&nbsp;new club facilities including&nbsp;ground floor retail, an upgraded lower bar and grill, new restaurants, a commercial fitness centre and event spaces.

[smartcode_project:default project_id=12428]

The base of the tower&nbsp;transitions into a podium, creating a connection between the ground-floor club facilities and the newer tower above.

If given the green light, the project will begin construction in 2022 and be complete in 2026, if the stage two approval is granted by the end of this year.

<a href="/new-apartments/sydney-house-194-204-pitt-street-sydney"><img alt="" height="1197" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/tatts_2.jpg" width="800" /></a>

BVN have designed the tower after winning an international design competition ahead of architecture firms Hassell, Bates Smart, SJB, Candalepas Associates, and DP Architects back in August 2020.

BVN has worked in close collaboration with fjmt studios, the appointed architects for the heritage components of the development who have also been selected to be the Club&rsquo;s interior architect

Matt Khoo, managing director of ICD Property, said the development submission&nbsp;is an extremely exciting milestone for the project and the result of many months of hard work by the entire project team.

&quot;The collaboration between BVN and fjmt has been incredible, particularly during the unusual work conditions we have been facing lately due to COVID-19,&quot; Mr Khoo said.

&quot;Where we would previously have the entire project team spend hours together in hands-on workshops, our whole design team has been innovating its approach and remaining agile through working behind a screen.

&quot;Despite these tough conditions the team has delivered a design that is respectful of the site&rsquo;s heritage components, existing Club, and its members; whilst also producing a beautiful addition to the Sydney skyline and a rich asset for the city that will add significant value to the public through activation on its Pitt Street frontages.&quot;

BVN principal architect Matthew Blair says the three parts of the project &ndash; Club, Hotel and Apartments &ndash; are purposefully articulated in the overall mass of the project, with fenestration informed by the existing exuberant heritage facades.

&quot;They weave together a story of a rich history and an optimistic future for this significant place in the middle of the CBD&rdquo;.

<a href="/new-apartments/sydney-house-194-204-pitt-street-sydney"><img alt="" height="1200" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/tatts_3.jpg" width="800" /></a>

Richard Francis-Jones, design director at fjmt studio, says that home of the City Tattersalls Club will be transformed into a beautiful interconnection of exceptional heritage buildings and landmark heritage interiors with a new and exciting layer of contemporary design.

&quot;This new architectural layer will be like an organic ribbon of movement and light connecting all the great interior rooms of the club while also creating new modern spaces and facilities.

&quot;The new architecture also makes an appearance on Pitt Street infilling between some of the finest heritage facades in our city. This seamless blend of new and heritage represents both the unmatched heritage of the Club and its open, progressive, and innovative vision for the future,&rdquo; said fjmt studio&rsquo;s Design Director Richard Francis- Jones.

If the development&rsquo;s Stage 2 DA is approved, premium apartments will occupy the top floors of the tower offering impressive views over Sydney&rsquo;s CBD and harbour. Residents will also have access to exclusive amenities including several multipurpose rooms and an outdoor deck with BBQ and entertainment rooftop facilities.

Below the residential apartments, hotel conglomerate IHG has recently signed on to operate the upper-upscale hotel which will comprise circa 101 rooms and its own collection of amenities for guests, with its boutique Hotel Indigo brand.

City Tattersalls Club Group chief executive Marcelo Veloz said the significance of this redevelopment to their members and a CBD that is very much in need of reactivating is indescribable.

&quot;Pitt Street has been our Club&rsquo;s home for the last 125 years and this long-awaited redevelopment will allow us to safeguard our next 125 years by upgrading the existing structures and expanding the facilities we have on offer to create even more benefit to our members and the wider community/&quot;

The Melbourne-based developer ICD Property is handling the development alongside a consortium led by the Singapore-based First Sponsor Group.

ICD Property lodge stage two plans for Sydney's City Tattersall redevelopment

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Following a five-week international design competition, award-winning Australian practice BVN has emerged as the winner to design the redevelopment of Sydney’s iconic 125-year-old City Tattersalls Club, located at 194 – 204 Pitt Street.
BVN’s innovative design was selected as the unanimous winner by a panel of six jurors after several weeks of careful consideration for what would respectfully integrate with the building’s heritage components and further improve Sydney’s city centre.
The winning design was commended for its well-considered podium that creates a sophisticated connection between the ground-floor Club facilities and the new tower above, resulting in a considered, elegant, and holistic overall composition to the project.
The scheme’s superior internal planning resulted in a highly effective floorplan, maximising the views and amenity of the apartments and hotel rooms, whilst drawing natural light deep into the tower’s public and common spaces. The apartment layouts resolve the complex structural requirements for building over the heritage Club whilst making wonderful places to live.
BVN’s proposed 49-storey tower produces a contemporary and calm facade that would add an elegant, landmark structure to Sydney’s iconic city skyline.
In their decision the jury noted the expressed intentions of BVN’s team to collaborate closely with FJMT, the nominated architect underseeing rejuvenation of the heritage components of the building, to ensure a rich integration of the tower with the existing structures below - an essential consideration of the site’s overall redevelopment.
When asked to comment on the winning BVN design, FJMT’s Design Director, Richard Francis-Jones, said, “This is a wonderful vision for the integration of city apartments, hotel, and the unique City Tattersalls Club in a sustainable and inspiring new urban complex. BVN's insightful concept for a tower characterised by lightness, floating above a more solid hotel podium will form a gentle back drop and transition with the landmark heritage buildings of Pitt Street. It is a great concept and we are looking forward to working with BVN to realise a project both of sensitivity and landmark quality.”
The design competition’s full shortlist of competing architects included five of Australia’s most renowned firms; Hassell, Bates Smart, SJB, BVN, Candalepas Associates, as well as leading international architecture practice DP Architects.
The City Tattersalls Club redevelopment is a joint-venture project undertaken by a consortium led by Singapore-based First Sponsor Group Limited and ICD Property – in collaboration with the City Tattersalls Club.
After a successful international design competition, the development group is now working towards finalising design details with BVN in preparation for submission of a Stage 2 DA later this year.
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j.ballantyne1990-6AQqhLzZaK

BVN wins international design competition for Sydney’s City Tattersalls Club

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Oxford Properties Group (‘Oxford’), a leading global real estate investor, developer and manager, announced it has lodged its Development Application (‘DA’) for its 39 storey, build-to-rent residential building, marking a major milestone for the Sydney Metro Pitt Street over station development. 
The building represents the first large scale build-to-rent project in Sydney’s CBD, and is part of Oxford’s wider development plans that also include a 39-storey office building at the Pitt Street north metro station entrance. The build-to-rent project marks the first step in Oxford’s strategy to create, over time, a leading multifamily platform in Australia, with a focus on Sydney and Melbourne.
Key features of the south building revealed in the DA include: 
<ul>
<li>More than 20,000 sqm of gross floor area including residential accommodation and a publicly accessible restaurant;</li>
<li>234 apartments with a range of dwelling sizes and types from one to three-bedroom apartments, all with balconies or terraces;</li>
<li>Three floors of resident amenities including a 20m pool with health and wellness facilities, resident lounge providing space to relax or work from home; and,</li>
<li>Multiple communal outdoor terraces including a dedicated resident rooftop dining room.</li>
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“We are excited to share our detailed plans for Pitt Street south building with the public for the first time. We have been working closely with our delivery partners and the project’s world-class consultant team, including leading Australian architects Bates Smart, to develop plans for a transformational project that will set the bar for purpose- built rental in Sydney’s CBD. The quality of apartments and extensive amenities will create an unmatched experience for residents,” commented Nellie O’Keeffe, Project Director for Pitt Street over station development at Oxford Properties.
“In line with Sydney Metro’s vision of forming a vibrant hub that will shape the city’s future, the wider Pitt Street project will deliver an enhanced midtown precinct incorporating office, retail and residential with a seamless transfer to public transport. The proposed design for a premium build-to-rent development will elevate this precinct as a landmark project and create a strong sense of place. The successful lodgement of the south building DA is progress towards our timeline to begin construction.”
As detailed within the DA, the design of the south building seeks to create a singular elegant and cohesive form, which brings together the Metro station, retail, residential and amenity uses. Philip Vivian, Director of Bates Smart, commented, “The south building has been designed to strengthen midtown’s historic brick character. Its clustered form reflects the scale of nearby buildings, while the podium sensitively steps to integrate with the historic context. Precast masonry facades reinterpret the colouration of the variegated brickwork of the surrounding buildings. The facade creates a midtown feel, with solidity providing privacy and environmental performance for residents. It’s architecture that is sympathetic to historic and present-day Sydney, and it enhances the city’s urban fabric.”
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Residents of the south building will benefit from Oxford’s institutional ownership that provide longer, more flexible lease terms, security of tenure and homes that are cared for by real estate management professionals.
“At Oxford, we are committed to combining global best practices and the knowledge of our on-the-ground team to deliver projects that positively impact our communities through job creation and that create a vibrant sense of place. Pitt Street metro station is a landmark project for the city and, as the first purpose-built build-to-rent building in the CBD, the south building serves as a major step forward for the residential market in Sydney,” commented Alec Harper, Head of Australia at Oxford Properties.
“The residential market in Australia has been evolving in response to housing affordability, population growth and changing demographic sentiment to home ownership. This is driving demand for professionally managed rental residential accommodation in urban centres. Build-to-rent offers a more affordable and flexible solution than homeownership for many Australians but, through surety of tenure, allows residents to put down long-term roots. As our first project in Australia as lead developer since entering the market in December 2018, it demonstrates our commitment to creating a leading multifamily platform in Australia with a focus on our core markets of Sydney and Melbourne.”
Oxford’s plans for the south building draw on its global experience and track record of delivering landmark projects around the world. Oxford currently owns over 12,000 rental residential apartments globally. It is currently developing build-to-rent communities across London, New York, Toronto, Boston and Washington D.C.
Construction on the south building is expected to begin in 2021 and scheduled to complete in 2023 with Metro services beginning in 2024. During construction, Oxford anticipates that around 350 jobs will be created through the construction of the south building over a 24-month period.
Pitt Street Project Background
Oxford Properties was named lead developer and equity investor for the office and build-to-rent residential buildings above the new Pitt Street metro station, announced by Sydney Metro in September 2019. Oxford’s consortium partners CPB Contractors are responsible for delivery of the station. Oxford is also working closely with Investa Property Group, which it has engaged as Co-Development Manager to assist in delivering the project.
Collectively, the Pitt Street north and south buildings will deliver approximately 65,000 sqm of new space and create a vibrant new commercial and residential hub around Pitt Street, between Park Street and Bathurst Street.
Oxford plans to lodge the DA for the north building, a 39-storey premium office tower and retail plaza on the corner of Pitt and Park Street, in July this year.
<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/2020/6/3/18_Oxford.jpg" alt="">
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DA lodged for build-to-rent-building at Pitt Street south metro station 

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A property beloning to the Sydney Mechanics' School of Arts has come onto the market, with price estimates exceeding $50 million.
The 10-storey office tower at 280 Pitt Street covers 4300 square metres.
It is fully leased.
It is one block from Town Hall Railway station, and between the under-construction Pitt Street Sydney Metro North (150 metres) and South stations (50 metres).
There is reportedly also the potential to add an additional four floors or apply a further 2377 square metres, pending approval from the City of Sydney Council.
The building was purchased by the school in 1996, from a trust belonging to the Uniting Church of Australia, for $4.5 million.
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Sydney Mechanics’ School of Arts set to sell 10-storey tower

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Sydney’s Pitt Street Mall has remained as the world’s 7th most expensive retail precinct, with rents remaining steady at $14,000 sqm, according to the latest rankings from Cushman &amp; Wakefield.
The annual ‘Main Streets across the World’ report, released annually by Cushman and Wakefield, found that Pitt Street Mall has maintained its premium position despite relatively flat rental growth and an ongoing rise in online retail sales.
According to the report, strong foot traffic and the increased demand for experiential shopping is supporting rents and most retailers continue to trade strongly within the precinct, particularly in the high-end luxury category.
Rankings for the Asia Pacific region shows Pitt Street was third most expensive behind Hong Kong’s Causeway Bay and Tokyo’s Ginza district, with Melbourne’s Bourke Street Mall climbing the APAC rankings from 6th to 5th at $7,000 sqm.
<img src="https://www.urban.com.au/images/2018/11/15/Rental%20Trends%20APAC.JPG" alt="">
Brisbane’s Queen Street has maintained it's 8th place spot in the APAC region, with retail rents averaging $4,500 sqm.
Matt Hudson, National Director of Retail Leasing, Cushman &amp; Wakefield Australia and New Zealand, said “Australia has firmly maintained its position as host to one of the world’s top ten most expensive retail streets, encouragingly, demand for large stores has been strong."
"A number of key locations are under development and currently seeking large scale flagship tenants, which is providing heightened competition for key shopping malls which do not offer the street or brand exposure of a flagship location.”
“In Sydney, there are also a minimum of 6 new retail precincts under development in and around the CBD, providing opportunity for retailers," noted Mr Hudson.
Michael Di Carlo, Director of Retail Leasing, Cushman &amp; Wakefield Australia and New Zealand, added, “while rents have remained at stable levels, with continued growth in online sales and uncertainty in consumer confidence, there has been a general increase in retailer requests for break clauses and/or shorter leases.
He said, "this is evident in the rise of small businesses opting for ‘try before you buy or lease’ options via pop up retail licenses as well as increased levels of landlord incentives."
Despite a small decline in average rents, Hong Kong’s Causeway Bay area took the number one spot, with a figure of USD$2,671 per square foot/year. 
This is primarily due to a a decline in New York rents which has seen Upper 5th Avenue slip back to second place globally, with average rents at USD$2,250 psf/yr compared with USD$3,000 in the previous 12-month period.
London’s New Bond Street meanwhile is the most expensive European location, in third place globally, with rents broadly flat year-on-year at USD$1,744 psf/yr.
Tokyo’s Ginza is the highest-ranked Asian street, with rents on average costing (USD$1,219 psf/yr).
According to the report, streets in emerging markets in Africa and Latin America account for most of the locations at the other end of the rankings, with rents as low as USD$20-30 psf/yr.
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Pitt Street remains world's 7th most expensive retail precinct

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Plans for a 49-storey mixed-use development at 194-204 Pitt Street have been lodged with the City of Sydney for review.
The DA, includes plans to protect elements of the heritage-value found in the City Tattersalls Club which has resided on Pitt Street for 123 years.
Architect firm FJMT has released a design (pictured above) which includes the construction of a 4-star boutique hotel with approximately 100 rooms and a residential tower comprising 246 apartments.
City Tattersalls Club CEO Marcelo Veloz said the submission represented a major milestone for the historic Club (pictured below) which, along with ICD Property, had to go back to the drawing board last year after an earlier development application was declined.
<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/2018/10/18/tatter%201.jpg" alt="">
"The development marks ICD Property’s first venture into Sydney after developing successful projects in Melbourne including residential high-rise Eq Tower, ongoing land subdivision community Gen Fyansford in Geelong, as well as 65 Federal Street, a mixed-use tower in Auckland whereby Woods Bagot has just been announced as the winning architect following a design competition process,“ ICD Property’s Deputy Managing Director Matthew Khoo
The activation along the ground floor will be home to modern restaurants and bars.
They noted, "following Concept DA consent, a design excellence competition will follow, in which multiple architect firms will be invited to bring the highest quality of thinking and originality to the project."
The competition jury, comprising members nominated by both the consent authority and ICD Property, will be the ultimate decision makers in selecting the winning scheme for the development.
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Plans for 49-Storey Pitt Street Tower Lodged with City of Sydney

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There are $100 million-plus hopes for Washington H Soul Pattinson's Pitt Street Mall headquarters which has been listed by JLL.
The head office and pharmacy of the company, now known as WHSP, has operated at 160 Pitt Street since 1885, after it was rebuilt following a fire to the 1870s building.
The company - managed by the family - has evolved into an investment house with $5.5 billion in assets under management.
One of its best-known assets is the Victorian Italianate retail and office building in the heart of Sydney, one of the select properties with prime Pitt Street Mall.
"It unquestionably is a highly unique, super strategic and really a 'one-off' opportunity to secure an absolute prime foothold in Australia's strongest retail strip," said JLL's Simon Rooney, who has been appointed to sell the property with colleague Rob Sewell.
Pitt Street Real Estate Partners is advising WHSP on the divestment.
The property has a gross lettable area of 1290sq m.
"As a result of the high retailer demand for presence along Pitt Street, it now commands some of the highest rents in the world, with recent evidence showing rates of $12,000 to $15,000 per sq m annually," Mr Rooney said.
According to JLL’s Australasian Retail Investments head, Simon Rooney, Pitt Street Mall is the most productive retail in Australia with estimated sales of approximately $1.4 billion or productivity of around $14,000/sqm and exposure to exceptionally high pedestrian traffic with 65,000 visitations a day, which has drawn high profile international retailers to Pitt Street Mall in recent years such as H&amp;M, Zara Home, Topshop, Sephora, Forever 21, Uniqlo and Microsoft.
There are limited options for contiguous space in Midtown. Vacancy has compressed to 6.4 percent - well below the 10 year average of 8.1 percent. 
There is tangible evidence that rents are rising in Midtown.
"Multiple capital sources are subscribers to the Midtown investment thesis and investor expectation of above trend effective rental growth is reflected in under-writing assumptions," Rob Sewell said.
"This was evidenced by the recent sale of Fortius’s 75 percent share in MidCity Centre to Hong Kong based NGI Investments for $320 million, Brookfield’s 50% share in World Square to ISPT for $285 million and the sale of the Telstra Discovery store at 396 George Street for $26.25 million, representing a record sale rate per square metre of lettable area of $262,500,” said Mr Rooney.
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