National Australia Bank (NAB) will fund <a href="https://www.apartments.com.au/new-apartments/palmera-residences-gold-coast-18-garfield-terrace-surfers-paradise-qld-4217">Palmera</a>, a $1 billion, 52-level luxury residential tower being developed by Central Equity in one of the Gold Coast’s most tightly held coastal locations at Northcliffe.

The project, launched recently by <a href="https://www.apartments.com.au/developers/central-equity">Central Equity</a>, one of Victoria’s largest private residential developers, comes at a time when construction funding for large residential developments has become increasingly competitive as lenders tighten exposure to the sector.

Multiplex has been appointed the builder, and construction is now underway.

[smartcode_project:default project_id=108274 project_image_fid=365784]

Since its first project, Central Equity has delivered more than 85 residential developments with a combined end value exceeding $8 billion.

Palmera reflects Central Equity’s growing focus on the Gold Coast luxury apartment market and continues a relationship between Central Equity and NAB that dates back to the late 1980s, when the bank funded one of Melbourne’s earliest inner-city residential towers at a time when high-rise apartment living in the CBD was largely unproven.

“NAB’s funding of Central Equity’s $36 million CBD development in the late 1980’s to the financing of the billion-dollar tower today highlights the long-term relationship between the two organisations in delivering major residential projects” said Central Equity Founder and Chairman Eddie Kutner.

He said NAB’s early support was instrumental in helping establish the company’s development model.

“When we commenced our first residential tower in the late 1980s the concept of funding off-the-plan apartments was still largely untested in Australia,” Kutner said.

“NAB recognised the opportunity early and supported the project when others were uncertain. That relationship has now continued for more than 37 years across many developments.”

[smartcode_project:default project_id=108274 project_image_fid=365771]

Central Equity was established in 1987 when Melbourne’s CBD and Southbank precinct were still dominated by warehouses and commercial buildings. Fewer than 100 residents lived in Southbank at the time, and large-scale residential development in the inner city was not widely considered.

Recognising changing demographics and lifestyle preferences, the company began developing high-rise residential projects designed to bring permanent residents into the city centre.

Central Equity has provided accommodation for approximately 40,000 residents across Melbourne’s CBD and Southbank, while also incorporating supporting infrastructure including essential lifestyle facilities like retail spaces, childcare facilities and neighbourhood activity centres.

Central Equity has spent many years assembling the Palmera development site on the corner of Garfield Terrace and Frederick Street in Northcliffe, creating a supersite of around 3,300 sqm.

The developer said the Palmera apartment tower reflects its long-term view of the Gold Coast as a growing and increasingly diversified economy.

[smartcode_project:default project_id=108274 project_image_fid=365768]

Supported by infrastructure including the light rail network, major road upgrades expanded education, hospital and medical facilities and continued expansion at the Gold Coast Airport with more internation and domestic flights.

Positioned in the tightly held Northcliffe precinct, the 52-level tower will deliver 347 apartments, targeting buyers seeking a high-end coastal lifestyle, from downsizers to interstate investors.

Designed by Marchese Partners with interiors by DBI, Palmera has been conceived as a next-generation residential offering, featuring a collection of oversized apartments, with premium three-bedroom residences offering sweeping northern views stretching from Surfers Paradise through to Burleigh Heads.

[smartcode_project_cta:default project_id=108274]

Joel Robinson

NAB funds $1 billion Surfers Paradise apartment development, Palmera

Two years after completing one of the newest developments in North Sydney, developer <a href="https://www.apartments.com.au/developers/aqualand-australia">Aqualand</a> is turning its attention to the rapidly evolving St Leonards apartment market.

The developer, which completed AURA by Aqualand on North Sydney's Walker Street, has lodged plans for a 5,918 sqm site at <a href="https://www.apartments.com.au/new-apartments/33-37-herbert-street-st-leonards-nsw-2065">33-37 Herbert Street, St Leonards,</a> seeking approval for a pair of residential towers rising above a shared podium opposite Royal North Shore Hospital.

The proposal forms part of the broader transformation underway across the St Leonards-Crows Nest precinct, where former industrial and commercial sites are increasingly being redeveloped into high-density mixed-use projects tied to major transport infrastructure.

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="2cc428cf-fe70-4cac-9cd5-264ad53af62c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.56%E2%80%AFAM.png?VersionId=otKSnHtbjAvAddOnovyXQMgcAwE6DMe1" />

According to the planning documents, the site sits “within the St Leonards–Crows Nest Strategic Centre, identified by the NSW Government as a key area for accommodating future jobs and housing across Sydney.”

The proposal has been designed by fjcstudio, formerly FJMT Studio, and is being progressed through the State Significant Development pathway due to its scale and affordable housing provision.

The scheme would comprise 413 apartments, including 46 affordable housing units, alongside retail and commercial uses fronting Herbert Street. The project would also include communal open space, landscaping, a swimming pool, gymnasium, children’s play areas and podium-level resident amenities.

Planning documents show the development would consist of a part-13, part-39 storey tower form positioned above a four-storey podium.

“The development comprises a unified podium that activates the street interface, and two setback towers to accommodate new housing supply while maintaining an appropriate human scale at ground level,” fjcstudio noted in its Design Report.

The northern and southern towers have been shaped to respond to the surrounding skyline while also limiting overshadowing impacts to nearby public open space, particularly Talus Reserve.

The design report said the differing tower heights were intended to “contribute to a varied skyline while responding to the surrounding built form context and solar access considerations.”

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="36da62dc-ff9e-41f2-a7e3-7be38373751c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.45%E2%80%AFAM_0.png?VersionId=Mo6Rp2r.XRLTzIfg_PEEpw8NepDH8UBs" />

The site sits directly opposite Royal North Shore Hospital and within walking distance of both St Leonards Station and the new Crows Nest Metro station.

While the site itself sits just outside the formal Crows Nest Transport Oriented Development boundary, the planning documents repeatedly reference its alignment with the broader TOD objectives reshaping the Lower North Shore.

“The site is located adjacent to St Leonards Station and in close proximity to Crows Nest Metro which is within the Crows Nest Transit Orientated Development Accelerated Precinct which has been identified by the NSW Government to support housing delivery,” the Design Verification Statement noted.

According to fjcstudio, the project has been designed to respond to the broader transition occurring across St Leonards, where increasing residential density is being concentrated around transport infrastructure and employment hubs.

“The broader precinct is undergoing significant change, with a mix of existing mid-rise buildings and newer high-density developments,” the report stated.

“Recent and approved projects indicate a consistent shift toward taller built form, typically organised as tower-and-podium typologies with more active ground levels.”

The proposal includes close to 6,000 sqm of retail and commercial space across the ground floor and podium levels, designed to create a more activated street edge along Herbert Street.

Aqualand’s plans would also introduce a landscaped podium shared between the two towers, with communal open space in the form of a podium rooftop designed to support resident interaction and improve urban greening outcomes. The scheme would also introduce pocket parks at the northern and southern ends of the site, including a landscaped area at the corner of Herbert and Ella streets designed to improve pedestrian amenity and soften the streetscape.

&nbsp;

The proposal is being progressed through the NSW Government’s Housing Delivery Authority pathway, which was introduced to accelerate housing supply across the state. The application was declared State Significant Development in April 2025 following an expression of interest process.

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="faf6d97d-2671-454f-b85a-fe1c6a7be608" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.49%E2%80%AFAM.png?VersionId=diVd28OBVr5.YV.7prrOz.uAanwwwm7a" />

St Leonards has been particularly active with new developments in recent weeks. Developer SP Setia’s <a href="https://www.apartments.com.au/news/nsw/first-look-sp-setia-targets-st-leonards-skyline-with-40-storey-tod-tower">plans for a new 42-storey tower</a> recently went on exhibition through the same pathway, while <a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">Stockland’s 52-storey tower proposal</a> was also recently unveiled.

Aside from the St Leonards project, which is expected to take around nine months to move through the approvals process ahead of a potential 2027 launch, Aqualand is also preparing to launch Boronia, a new apartment project in Roseville comprising around 111 apartments on Larkin Street.

The developer also has approvals in place for the next stage of the Barangaroo precinct, which will feature new residential, retail, hospitality and community uses, alongside a new metro entry across the five-hectare site.

More than 50 new retail destinations are planned for Central Barangaroo, alongside a 270-metre-long boulevard connecting Hickson Park to Nawi Cove. Together with Harbour Park, more than 50 per cent of the precinct will comprise public open space and parkland.

First look: Aqualand joins St Leonards apartment party

<section data-scroll-anchor="false" data-testid="conversation-turn-5" data-turn="user" data-turn-id="e65dbe94-e3b6-47f7-b62a-9cbb30c9bf79" data-turn-id-container="e65dbe94-e3b6-47f7-b62a-9cbb30c9bf79" dir="auto">Time &amp; Place’s plans to transform the former David Jones factory building in Surry Hills into a mixed-use residential precinct have gone on exhibition through the NSW Government’s In-fill Affordable Housing pathway.</section>

<section data-scroll-anchor="false" data-testid="conversation-turn-6" data-turn="assistant" data-turn-id="request-WEB:f4d533b7-64a5-413d-86fd-5c99649c2b73-2" data-turn-id-container="request-WEB:f4d533b7-64a5-413d-86fd-5c99649c2b73-2" dir="auto">
The Marlborough House proposal, lodged for the <a href="https://www.apartments.com.au/new-apartments/marlborough-house-47-97-marlborough-street-surry-hills-nsw-2010">47-97 Marlborough Street</a> site, would see the adaptive reuse of the heritage-listed warehouse building alongside the construction of new residential additions and a separate apartment building on the northern portion of the site.

The proposal seeks approval for 172 apartments across three buildings, including 15 per cent affordable housing managed by a community housing provider for at least 15 years from occupation.

<img alt="Marlborough" data-entity-type="file" data-entity-uuid="5d1d3c2a-bf13-47d6-a335-7c01102cdee1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.29.36%E2%80%AFAM.png?VersionId=cjMYrbR.BLUlWH4dar0RVDDo0bG.u2YT" />

Interior view from the Northern Building Penthouse overlooking the park

&nbsp;

The redevelopment is planned for the prominent 3,413 sqm site bounded by Marlborough Street, Goodlet Street and Lansdowne Street, directly opposite Eddie Ward Park and around 200 metres from the Surry Hills light rail stop.

Time &amp; Place acquired the former David Jones building in 2024, marking the first time the property had changed hands in around 50 years.

Designed by Wardle, the proposal centres around the adaptive reuse of the former David Jones factory, originally constructed between 1913 and 1935 in the Inter-War Chicagoesque architectural style.

Wardle noted in its Architectural Design Report that the building “occupies a significant place in the industrial and cultural history of Surry Hills” and at its peak was “the largest department store manufacturing facility in Australia, employing over 800 people and fuelling the growth of Sydney’s fashion and retail industries.”

The practice said the project positions itself “not as an isolated intervention, but as a contributor to the civic, social, and architectural grain of the precinct.”

The proposal would deliver 75 apartments within the retained southern heritage building, 59 apartments within the central addition, and a further 38 apartments within the new northern building fronting Lansdowne Street.

Planning documents show the scheme would comprise a mix of heritage apartments, new-build apartments, townhouses and penthouses.

<img alt="Marlborough" data-entity-type="file" data-entity-uuid="57758518-40a3-4b83-958c-d06e96a2cffa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.29.42%E2%80%AFAM.png?VersionId=VerlX9ST5xgBi8.1_YRsqdWTJeT6ygjs" />Interior View of the Heritage Building Apartment

The development would also include a ground-floor retail tenancy on the corner of Marlborough and Lansdowne streets, rooftop communal open space, a landscaped pedestrian link along the western edge of the site, and basement parking accessed from Lansdowne Street via a car stacker system.

&nbsp;

The scheme emerged from a competitive design process run by Urbis, with Wardle ultimately selected as the winning architect ahead of FJC Studio, TZG, Architectus and Wilkinson Eyre.

The Design Integrity Panel later described several aspects of the Wardle scheme as fundamental to the project, including “the stepped character of the new addition to the north of the site”, the landscaped western pedestrian link, and the “garden arrival” experience separating the original Marlborough House from the heritage addition.

Wardle’s design heavily references the site’s industrial and heritage history, while also responding to the surrounding Surry Hills streetscape.

The Architectural Design Report describes Surry Hills as “a finely grained neighbourhood with beautiful and expressive brickworks throughout the suburb,” with the proposal introducing a material palette intended to sit comfortably alongside the existing warehouse fabric and neighbouring terraces.

The report also outlines the project’s relationship with Eddie Ward Park and the broader landscape context of the area.

“Marlborough House occupies a site of deep cultural memory and the neighbouring Eddie Ward Park is of local ecological significance, where natural systems, topography, and stories have long shaped human experience,” Wardle noted in the report.

The architects said the proposal sought to “rebind built form to Country” through landscape, materiality and the adaptive reuse of the heritage structure.

<img alt="Marlborough House" data-entity-type="file" data-entity-uuid="9ae3f2f9-c85f-477a-a6f8-b43f6cb97c41" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.29.53%E2%80%AFAM.png?VersionId=B.qUCLqRvJOR.n9CvYcTpaknIX9LuqKZ" />

The project is also being progressed under the NSW Government’s in-fill affordable housing provisions, allowing developments that include affordable housing to access additional height and floor space incentives.

Under the plans, 2,593 sqm of the project’s floor space would be dedicated to affordable housing, slightly exceeding the required 15 per cent threshold.

In its Design Excellence Strategy, Urbis said the project aimed to “sensitively adapt and enhance the heritage-listed building on site through alterations and additions that preserve its historical significance” while delivering “high-quality market and infill affordable housing development in Surry Hills.”

Time &amp; Place has been one of the most active developers nationally in the last 12 to 24 months. Late last year they completed&nbsp;The Queensbridge in&nbsp;<a href="https://www.apartments.com.au/developments/southbank-vic-3006">Southbank</a>, a mixed-use tower with 353 apartments and a hotel. They are currently selling Park Modern, 246 apartments near the famous Botanic Gardens in&nbsp;<a href="https://www.apartments.com.au/developments/south-melbourne-vic-3205">South Melbourne</a>, and have future projects, <a href="https://www.apartments.com.au/new-apartments/the-wilmot-173-burke-road-28-hope-street-glen-iris-vic-3146">The Wilmot</a>&nbsp;in&nbsp;<a href="https://www.apartments.com.au/new-apartments/glen-iris-vic-3146">Glen Iris</a>, the redevelopment of the Northcote Plaza, and another tower in South Melbourne.

The developer broke into Sydney just a few years ago with Two Tides in Manly. They have another project nearby, which is at the ultra-luxury end of the market on&nbsp;<a href="https://www.apartments.com.au/buildings/shoreline-manly-beach-89-90-north-steyne-manly">North Steyne</a>, fronting the beach.

It is also continuing to work through the <a href="https://www.apartments.com.au/news/nsw/first-look-time-place-settles-on-design-for-the-chimes-potts-point-redevelopment">redevelopment of The Chimes building</a> on Macleay Street in&nbsp;<a href="https://www.apartments.com.au/developments/potts-point-nsw-2011">Potts Point</a>, as well as a project on <a href="https://www.apartments.com.au/news/nsw/time-place-to-take-on-mosman-apartment-market">Mosman's Redan Street</a>.
</section>

First look: Time & Place unveils Marlborough House redevelopment designs for former David Jones warehouse in Surry Hills

The residential transformation of St Kilda Road is set to continue into with more new apartment plans for the sought-after boulevard.

Wing Tai Asia has lodged plans for a major residential tower at 464-466 St Kilda Road, replacing the former VACC House with an 18-storey mixed-use development designed around a retained heritage podium and a sculpted contemporary tower.

The proposal, prepared under Victoria’s Significant Residential Development with Affordable Housing pathway, would deliver 325 apartments and ground-floor retail across the prominent 4,653 sqm boulevard site in Melbourne’s St Kilda Road North Precinct.

The project centres on the adaptive reuse of the site’s heritage-listed VACC Building, an eight-storey office designed by Bernard Evans that has occupied the address for decades. Planning documents state the development would involve “carefully dismantling and conserving off-site the original metal fabric of the podium visible from St Kilda Road,” before reinstating it as the defining frontage of the new scheme.

Above the restored podium, Wing Tai is proposing a curvilinear residential tower. The scheme includes 172 one-bedroom apartments, 63 two-bedroom apartments, 66 three-bedroom apartments, and 24 four-bedroom apartments, alongside two ground-floor food and beverage tenancies fronting St Kilda Road.

The tower has been designed with substantial articulation and variable setbacks to minimise perceived bulk and maintain view corridors along the boulevard. Urbis, which prepared the planning report, said the design “has been significantly articulated through a curvilinear design” with “an interplay with materials, façade expression and depth” to create visual separation and visual interest.

The proposal also includes 254 basement car spaces, landscaped pedestrian links connecting St Kilda Road and Queens Lane, and a biophilic landscape strategy featuring canopy trees, raised planters, cascading greenery and a glass oculus pool overlooking the eastern frontage.

Planning documents confirm the $270.1 million development will contribute 3 per cent of project costs to the Social Housing Growth Fund as part of the application process.

Wing Tai acquired the St Kilda Road property in 2018 alongside Abacus Property Group for $95.38 million, before later consolidating ownership of the site. The property previously served as the Victorian Automobile Chamber of Commerce headquarters for around 60 years.

The transformation of the St Kilda Rd boulevard is already beginning to materialise, with a number of high-profile projects recently completed, launched, or approaching launch as developers continue to back the long-term appeal of the precinct.

Among the most notable recent completions is Louise by Samuel Property Group, just off the strip on Queens Lane, the same pocket Hirsch &amp; Faigen recently launched The Queensbury. Mirvac is too on the same street with The Albertine, which is approaching completion.

Dexus recently secured approval for its slice of St Kilda Road, while Gurner also has approved plans for the precinct.

Wing Tai unveils 325-apartment St Kilda Road tower on former VACC House site

Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

Residential Development

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A DA approved residential development site in south-west Sydney has been listed for sale. 
The 7,818 square metre site at <a href="https://www.raywhite.com/nsw/edmondson-park/1631851/" target="_blank">245 Croatia Avenue</a> is approximately 650 metres from Edmondson Park railway station.
It has been approved for 105 mostly two bedroom units.
The marketing campaign is being handled by Ray White Commercial's Scott Timbrell and Nic George.
“Edmondson Park is a major land release area in the south-west growth region of Sydney,” Timbrell said.
“UrbanGrowth NSW has developed a masterplan for the area which includes a new town centre, new residential areas, schools, community facilities, recreation areas and a regional park.”
Edmondson Park is located 40km south-west of the Sydney central business district, in the local government area of the City of Liverpool.
George said the site enjoys easy access to the M7 and M5 motorways and is close to the Casula Shopping Village, schools and amenities.
Offers close April 10, 2017.
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j.ballantyne1990-6AQqhLzZaK

Development site in south-west Sydney listed

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A $9.4 million Elsternwick building block with permission for five homes looks set to be the location for this year’s series of The Block.
Its been the backup option given the rundown Gatwick Private Hotel, St Kilda offering has proved difficult to secure.
<a href="https://www.garypeer.com/search/view/46-regent-street-elsternwick/1053#.WMWz4oSaoU0" target="_blank">The vacant block</a> which was the Regent Lodge hostel in Elsternwick is not far from the historic Ripponlea homestead.
The 46 Regent Street property was reportedly purchased mid December by a company linked to Channel 9, with Nine CEO Hugh Marks listed as one of the directors.
The company has since had plans for a five lot subdivision approved this week by Glen Eira City Council.
<img src="https://www.urban.com.au/images/2017/03/13/Screen%20Shot%202017-03-13%20at%2011.31.50%20AM.png" alt="">
Workmen moved on to the site on Friday with fencing erected, according to the Herald Sun.
The from scratch project will be a departure for the renovation program
The paper said several of the tradesmen on site were wearing fluoro vests branded with the name of a company that specialises in relocating homes.
The Block has previously worked renovation magic in Richmond, South Melbourne, South Yarra, Albert Park, Prahran and most recently Port Melbourne.
Filming is tipped to get underway on the new series late next month with the show typically airing from August.
Several years ago Kate Ceberano and Gina Riley have won a five-year development dispute preventing a private boys' school opening a campus on the block.
The Yesodei HaTorah College wanted 46 Regent Street to be a three storey, 325-student campus. They paid $3 million in 2006 selling at $4.75 million in 2010.
At a council meeting in 2010, Ceberano argued the proposed school would ruin the neighbourly atmosphere of Elsternwick.
Another local celebrity mum, comedian Gina Riley – famous for Kath And Kim – opposed the development on the basis of traffic and parking.
Several other schools, including Caulfield Grammar Senior School, are in or around Regent Street.
Meanwhile The Gatwick could still be a location for future series of the show, should a sale go through.
The property remains on the market with residents having been given four months to find alternative accommodation.
For an e-book on house removal click here.
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jchancellor-FAypfDUnLy

The Block set for Elsternwick building from scratch in 2017 series

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A vacant Toorak block of land fetched $850,000 above reserve when four developers fought for the weekend auction offering.
It came with planning permits for the 658 square metre block at 7 Monomeath Avenue.
The approval was for two luxury townhouses.
Bidding opened a $2.8 million, RT Edgar’s Mark Wridgway who announced the lot on the market at $3 million.
It sold for $3.85 million.
It last sold for $3.6 million in 2015 and $2 million in 2010.
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Toorak townhouse site sells for $3.85 million

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Construction of the $21 million residential development Lunar, 28 km south of Sydney, is slated to begin mid 2017.
If will feature 64 apartments, a basement carpark and a communal landscaped garden.
Ben Pomroy from Rothelowman says that the design for the new development was derived as a response to these natural surroundings and a desire to optimise the apartments’ long-distance views.
“Lunar sits on one of the highest points in the Sutherland Shire, with views north to the CBD and Botany Bay, our scheme had to take advantage of these opportunities, whilst developing a design that addressed and was respectful to the public domain,” he said.
“Our desire was to create a building that embraces the shire’s outdoor lifestyle with apartments that have both front and back yards..
“A place where residents could embrace the views to the north and the east, whilst also giving opportunity for interaction with the street.”
“Capitalising on the area’s temperate climate, the breezeway elevates the traditional corridor to a space where residents can socialise with their neighbours in a pleasant open-air setting.
“Liveability was a significant consideration in the evolution of Lunar’s design and the breezeway supports that.
"We have strived to create a building with the greatest possible access to daylight and fostered natural ventilation that is created with the layouts.”
 
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mick.cee-iDmgDDAmu8

Unique breezeway design for Sydney's Lunar

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SPONSORED POST
Since its inception 20 years ago, Docklands has been a continuously evolving part of Melbourne, expanding the CBD grid west past Spencer Street and towards the water.
NewQuay has always been on the leading edge of innovative development in Docklands, attracting residents, tourists and businesses alike.
NewQuay now stands poised for a year of major rejuvenation, with announcements of several major developments coming to the area, making it one of Melbourne’s premier waterside precincts to live, work, play and stay.  
Schools
The announcement of a new, high priority government primary school in Docklands, to be delivered by 2019, and the opening of the Haileybury College city campus, located a short walk from NewQuay in West Melbourne, are expanding access to world class education. 
Already, residents at NewQuay have access to education services for all ages. The Giraffe Early Learning Centre at Harbour Town provides walkable access for working parents with infants. School-aged children are in proximity to several government primary and secondary schools, with suburban private schools conveniently connected by tram routes from NewQuay. <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/2017/03/08/700_newquay1.jpg" alt="">
 
Tertiary institutions including Melbourne University, RMIT, Victoria University and the Australian National University are all accessible on the tram network.
Parks
NewQuay currently boasts over 2.2 hectares of parks, which will soon be increased by the development of the second stage of Ron Barrassi Senior Reserve and the construction of NewQuay Central Park as part of the Banksia development.
This makes the green space development at NewQuay the largest green space complex constructed close to the city since Birrarung Marr in 2002.
Entertainment and Convenience  
Harbour Town Shopping Centre is continuing with its multimillion dollar redevelopment.
Having completed the canopy works, landscaping and seating upgrades throughout the centre, works have also commenced on the new cinema and entertainment complex, which will include a Hoyts cinema, food retailers and a bowling alley.
The center will also expand to include a fresh food market and a full line grocery store.
<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/2017/03/08/700_banksia2.jpg" alt="">
Hotels
Proximity to the city center, a choice of entertainment and the scenic waterside location are perennial draws for visitors to NewQuay. The hotel industry has recognised these unique assets with leasing operators investing in the precinct.   
In addition to the Sebel Hotel located at the The Quays, a new Four Points by Sheraton will open its doors in March, and will be joined in 2018 by the largest Quest serviced apartments in Australia.
With so much happening at NewQuay, why not come down and experience it for yourself?
Visit the NewQuay Display Suite at 24 NewQuay Promenade or visit <a href="https://bs.serving-sys.com/serving/adServer.bs?cn=trd&amp;mc=click&amp;pli=20536740&amp;PluID=0&amp;ord=%5Btimestamp%5D" target="_blank">www.elmandstone.com.au</a> to view the latest residential opportunities by the water.
 
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NewQuay is evolving

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Residential property developer Villa World has purchased a 42-hectare site at Clyde, 55km south east of the Melbourne CBD for $33 million.  
The site has an existing residential zoning for more than 400 home sites. Settlement will occur in 1H18.
Craig Treasure, managing director, Villa World, said he considered the Melbourne market to be extremely strong right now, buoyed by population growth.
“We have been looking to grow our five to six-year pipeline of projects in Victoria, specifically in the south east corridor because of the proximity to transport, excellent education facilities and attractive retail precincts,” he said.
“The Clyde purchase is in line with our strategy of growing through disciplined and targeted acquisitions.”
Last month Villa World last upgraded its full year guidance to a profit after tax of $37.5 million, representing 11 percent expected growth on its FY16 result.
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jonathanchancellor-7SQnKwU6yx

Villa World acquires residential development site in Victoria's Clyde

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Inghams Enterprises is selling a 4.115 hectare landholding in Sydney's west with the possibility of subdividing up to 80 residential sites.
Ingham’s will take a three-year leaseback over the site, 160-168 Heath Road, with an additional one-year option.
Peter Vines from CBRE said the site was strategically located between the cities of Liverpool and Campbelltown in a surging growth precinct.
"It is governed by favourable R2 and R3 zoning controls, allowing for 55 residential blocks and 25 medium density dwellings subject to planning approvals," he said.
“The sale provides an opportunity to capitalise on the buoyant conditions in the south-west Sydney housing market.
“Leppington has been identified by the NSW Government as a South West Priority Growth Area and is integral to accommodating Sydney’s growing population. The site also benefits from its close proximity to the new Leppington train station and proposed Badgerys Creek airport.”
CBRE’s Frank Oliveri said residential subdivision sites are arguably the most sought after commodity in Western Sydney and very few are presently available for sale.
“This opportunity will be particularly appealing, providing the chance to acquire a future residential development opportunity safeguarded by a short term leaseback, which will help offset planning and holding costs,” he said.
Expressions of Interest close Wednesday 12 April, 2017.
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Inghams to sell western Sydney development site

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A development site in Melbourne’s south-eastern suburb of Bentleigh with potential for a higher density residential project has been bought by a developer for $3.7 million. 
The 17-19 Loranne Street site spans 1398 sqm with 32 metres frontage, translating to a strong selling rate of $2,647 a square metre.
The deal was brokered by Savills’ Julian Heatherich and Jesse Radisich.
The agents said the property appealed to developers because of its inner bayside location and popularity as a residential suburb.
“Bentleigh, with its excellent level of lifestyle and retail amenity, access to public transport and key arterials, and close proximity to the CBD, continues to provide opportunities for development,” said Heatherich.
“The demand from apartment buyers has been a key driver and, with Melbourne’s population growth continuing to exceed all other capitals, that demand appears likely to remain.’’ 
The vendors were two private residential owners. 
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Bentleigh development site sells for $3.7 million through Savills

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The brains behind the world's biggest all cross-laminated timber building, architect Andrew Waugh from Waugh Thistleton is coming to Australia to discuss future building materials following his experiences building Dalston Lane. 
Dalston Lane (above) is a 121-unit development made of cross-laminated timber (CLT) structure and will become tallest of its kind in the UK once built. It will feature over 12,500 sqm, of residential space and over 3,460 sqm of commercial space.
Dalston Lane is built of cross-laminated timber (CLT).   CLT experts have calculated that the building will save 2,400 tonnes of carbon, compared to an equivalent block with a concrete frame.
By using CLT construction, the embodied carbon is 2.5 times less than that of an equivalent concrete frame. Taking into account that timber stores carbon by absorbing carbon dioxide (CO2) from the atmosphere, which is also known as ‘sequestered carbon’, the structure can be considered as ‘carbon negative’.
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The future of timber building

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SPONSORED POST
Adelaide’s West is on the rise with the $300 million West Franklin project leading the changes.
Greaton has awarded Built Environs the contract to build the New York inspired landmark development, one of the largest urban regeneration projects ever undertaken in Adelaide’s CBD.
Local Adelaide architects Brown Falconer led the exterior design and interior fit-out.
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The highly sought after residences in the urban village precinct have been designed to meld with the historic fabric of the site. Its stylish glass, metal and stone exteriors are designed for the 21st century and will capture the attention of any discerning purchaser.
<img src="https://www.urban.com.au/images/2017/03/1/Screen%20Shot%202017-03-01%20at%209.43.28%20AM.png" alt="">
Dorothy Chapman, National Marketing Manager for Greaton comments, “A project of West Franklin’s scale has never been seen in Adelaide’s West. The architects were given a brief to create a visionary project that would become a legacy for the area.
“House purchasers are realising that this is a once in a lifetime opportunity to live in Adelaide’s newest vibrant city precinct. The area was formerly home to Balfours, an iconic South Australian bakery and has been quiet for many years. The commencement of construction in April will re-activate the area and create an entirely new destination in Adelaide’s City West for all generations.”
<img src="https://www.urban.com.au/images/2017/03/1/Screen%20Shot%202017-03-01%20at%209.44.58%20AM.png" alt="">
“The rise of affordable luxury living in Adelaide’s CBD starts at West Franklin. Luxury, lifestyle and liveability capture the essence of this community,” added Cameron Porter, National Sales Manager for Greaton.
<img src="https://www.urban.com.au/images/2017/03/1/Screen%20Shot%202017-03-01%20at%209.45.48%20AM.png" alt="">
“Apartments are priced from $319,000 up to $1.445 for opulent penthouses. Extensive balconies provide the perfect environment for outdoor entertaining enhanced by picturesque views of Adelaide’s history and beaches.”
The first stage of West Franklin is located on the corner of Elizabeth and Franklin Streets and features 271 residential luxury apartments spread across two towers (north tower is 20 storeys and the south tower is 18 storeys).
<img src="https://www.urban.com.au/images/2017/03/1/Screen%20Shot%202017-03-01%20at%209.46.23%20AM.png" alt="">
They both share a common podium comprising 1,100 sqm of retail on the ground level, resident facilities and car parking (236 spaces). Residential facilities include a 20 metre lap pool, gym, spa, sauna, resident dining rooms, BBQ facilities, cinema, golf simulator and roof top bar.
<img src="https://www.urban.com.au/images/2017/03/1/Screen%20Shot%202017-03-01%20at%209.46.58%20AM.png" alt="">
One bedroom apartments are priced from $319,000 to $428,000, two beds start at $460,000 to $635,000, $575,00 to $825,000 is the range for three beds and penthouses are priced from $1.455 million.
<img src="https://www.urban.com.au/images/2017/03/1/Screen%20Shot%202017-03-01%20at%209.47.59%20AM.png" alt="">
An onsite display and sales office is open Monday to Friday 12 – 4pm, Saturday 12 – 4pm and Sunday 12- 4pm.  Completion of stage one is due early 2019.
For further information visit <a href="https://www.westfranklin.com.au" target="_blank">www.westfranklin.com.au</a> or call 1300 992 166.
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