&nbsp;

Developer GURNER™ Group has revealed $1.65 billion in residential sales nationally across the 12 months to December 2025, driven largely by the continued momentum of its Docklands wellness-focused precinct, Elysium Fields.

The sales result was generated across seven projects in Victoria and New South Wales, headlined by Elysium Fields, GURNER™’s $2.75 billion mixed-use precinct planned for Harbour Esplanade in Docklands.

The project has recorded more than $500 million in sales across the first three towers, equating to around 580 apartments sold.

The first tower, Helios, has now sold out of its 240 private residences, with GURNER™ preparing to release a premium penthouse collection comprising 15 three-bedroom penthouses in coming weeks.

[smartcode_project:default project_id=144441 project_image_fid=370975]

Elysium Fields is being developed on the long-held 20,000 sqm Docklands site at 208-226 Harbour Esplanade, which had remained undeveloped for more than two decades prior to GURNER™ taking over the project around four years ago.

Construction has now commenced across four towers ranging between 18 and 30 storeys, with Hamilton Marino and Maxcon appointed as builders.

Once complete, the precinct is expected to comprise around 1,100 residences, alongside retail, hospitality and public realm uses integrated throughout the site.

[smartcode_project:default project_id=144441 project_image_fid=370981]

Designed by Fraser &amp; Partners in collaboration with GURNER™ Design House, the project has been positioned around the developer’s broader focus on wellness-led residential living.

“We don’t sell apartments. We create a true luxury lifestyle that simply doesn’t exist elsewhere in the market today,” Founder and Executive Chairman Tim Gurner said.

“To deliver that requires an extraordinary level of detail, coordination and discipline across multiple verticals, from design and hospitality through to wellness and service.”

“We’ve always believed that living extends far beyond the physical residence. It’s about how you feel the moment you arrive, how you live day-to-day, and the ecosystem that supports that.” 
[smartcode_project:default project_id=144441 project_image_fid=370977]

The project’s design places a heavy focus on landscaping, wellness amenities and biophilic design principles.

Plans include around 3,700 sqm of landscaped gardens and open space throughout the precinct, alongside a retail and dining offering spanning approximately 5,000 sqm.

The broader public realm strategy centres around what GURNER™ describes as the “Path of Life”, an urban forest and landscaped pedestrian environment intended to connect the various buildings and wellness spaces across the precinct.

The apartments themselves will incorporate a range of wellness-focused inclusions, including purified air and water systems, circadian lighting, antimicrobial surfaces, and optional in-home wellness upgrades.

[smartcode_project:default project_id=144441 project_image_fid=370980]

Gurner said the company’s experience through its Saint Haven wellness clubs had directly informed the residential offering now being incorporated into Elysium Fields.

“We’re seeing a clear global shift toward longevity, performance and proactive health,” Gurner said.

“Our role is to deliver that in a way that feels seamless, highly private and beautifully resolved within the environments we create.”

A large component of the wellness offering is planned through the resident amenity and health facilities proposed within the precinct.

That includes plans for bathing and recovery facilities spread throughout the towers, incorporating mineral pools, saunas, steam rooms, flotation therapy, red light therapy and wellness lounges.

The developer is also seeking approvals for what it describes as a “reverse ageing medical clinic” within the precinct.

[smartcode_project:default project_id=144441 project_image_fid=370978]

According to project information released by the group, the proposed facility would include cryotherapy, IV infusion therapy, infrared and dry saunas, PEMF beds, MRIs, DEXA scans, brain scans and blood analysis services.

Within the first tower, Helios, residents will also have access to a dedicated amenity offering known as the Sky Private Club.

The upper 15 levels of the building will include private lounges, dining spaces, rooftop amenities and optional private wellness studios integrated within residences.

The Helios tower itself comprises 260 apartments ranging between 60 sqm and 300 sqm, including a collection of penthouses.

That includes a planned two-storey penthouse spanning around 600 sqm with uninterrupted bay views.

The Elysium Fields precinct is being delivered in partnership with Digital Harbour Holdings, a consortium that includes the Liberman family, which controls the development rights across the Docklands site.

[smartcode_project:default project_id=144441 project_image_fid=370979]

The sales result comes as GURNER™ continues expanding its national development pipeline beyond Victoria.

“We have a strong pipeline across Australia and are now focused on scaling into key markets including New South Wales and Queensland, while continuing to build on our Melbourne base,” Gurner said.

“We currently have more than $3 billion in the market, growing to over $5 billion by October, and expect to materially outperform last year in the 2026 calendar year.”

The result also reflects the continued strength of the upper-end apartment market in Melbourne, particularly for owner-occupier-focused product with large-scale amenity and lifestyle offerings.

[smartcode_project_cta:default project_id=144441]

Record result anchored by the Group’s “utopian” Elysium Fields precinct – defying market headwinds in Docklands.

Joel Robinson

Elysium Fields drive Gurner to $1.65 billion in apartment sales over 2025

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]

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

Residential Development

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Melbourne property developer Goldfields has unveiled its newest boutique luxury apartment project, 525 High Street in Prahran East.
Containing 46 residences, it was designed by JCB Architects and interior designers, Hecker Guthrie.
Situated between Toorak and Armadale, the 7-storey building comprises 44 spacious one, two and three-bedroom apartments and two Townhouses, highlighted by marble and timber accents, aged iron tapware, designer hardware and Miele appliances.
<img src="/images/2016/10/04/image003.png" alt="">
There are city views.
Its ground floor retail space is earmarked for a stylish brasserie and independent organic grocer.
Goldfields’ Lachlan Thompson, says 525 High Street features luxuries generally found in traditional homes, including an entry hall, butler’s pantry, traditional fireplace and even a designated bar.
They are listed through Marshall White Projects’ director, Leonard Teplin.
<img src="/images/2016/10/04/VIEW_03_LR.JPG" alt="">
All residences have a car park space - some have two or more spaces - with many also including a study area, laundry room, bar, and additional storage.
525 High Street offers two bedroom apartments priced from $689,500 and townhouses from $740,000.
The penthouse occupying the entire top floor and featuring direct lift access and three secure basement car spaces is priced at $3,200,000.
Construction is scheduled to commence early 2017 and completed towards the end of the second quarter of 2018.
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j.ballantyne1990-6AQqhLzZaK

Goldfields unveils apartment project, 525 High Street

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Chinese firm Bridge Capital has partnered with Australian-based firm iProsperity Group to buy a property block in Sydney's CBD for $88,888,888.
The property, 333 Kent St, is expected to be developed into a high-end hotel with residential apartments. 
According to media reports Colliers International’s Vince Kernahan said there were nine offers ahead of the owner accepting the Bridge Capital offer. He said the offer exceeded their expectations. 
“Interested parties were predominantly residential and hotel developers with two groups looking to “landbank” the building,” he said.
 
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jonathanchancellor-7SQnKwU6yx

Chinese investors to buy Sydney office building for $88,888,888

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GUEST OBSERVER
The benefits of creating low to mid-rise apartment dwellings in established inner and middle-ring suburbs are well documented, in terms of both urban planning and supporting the cultural health of citizens.
These developments meet the demands of buyers, mainly downsizers and first homebuyers, who have lived in established suburbs most of their lives and wish to remain in these areas for years to come.
In addition to this, the subdivision of middle-ring blue chip sites for multi-residential use has created a greater diversity of housing stock among tightly held areas, allowing more residents the opportunity to afford housing closer to the CBD
Despite the known benefits, councils and residents alike are wary of supporting new multi-residential developments, with concerns these buildings detract from the character and overall appeal of prestigious suburbs.
Design that emphasises local context is the solution here. The need to respect and respond to the context of the existing built environment may be one of the most important rules towards sensitively developing apartments in established suburbs.
At Rothelowman, we are currently developing a number of projects that both explore and honour their social, architectural and historical surroundings. In doing so, we are creating dwellings that gel with and attract the local people.
When designing an apartment building a strong focus is needed on the contextual, specific and unique elements of the site to connect it with the area, a generic formula is no longer enough.
Graceview (above), a five-storey apartment development located in the established middle-ring Sydney suburb of Turramurra, exemplifies this design philosophy.
This building takes its design cues from its neighbouring sites – the heritage-listed brick-built church, St Margaret’s, and Cameron Park. Architecturally, Graceview responds not only to St Margaret Church but also to the many large brick houses that characterise Turramurra.
Careful to preserve these much admired community spaces, our contextual design response was to build this 54- dwelling project around six beautiful, volumetric brick forms. These low, integrated brick towers respect the height of the church and sit back from the park, amid the foliage, in a manner that is unassuming yet sculptural.
Graceview gave us the opportunity to tell a tale in brick. Working with this local heritage material, as architects we were able to listen to the local story and incorporate this narrative into the design. As a result, people who have lived in Turramurra their entire lives have responded to the project in a very positive manner.
In projects such as Graceview, we are exploring new ways to provide neighbourhood connection. We are seeing higher levels of owner-occupancy from downsizers and first homebuyers looking to stay in the suburbs they already know and love. This in turn drives higher quality architecture.
For our recent development Canopy in Melbourne’s beach side suburb Elwood, we wanted to provide the experience of living in a beach road mansion, in keeping with the suburb’s ocean lifestyle.
Located in a largely single residential area, we designed Canopy as a four-storey development across two modern, geometrically inspired buildings to offer an aesthetically pleasing and proportionate response to suit the eclectic, existing architectural environment.
Graceview and Canopy are just two examples of Rothelowman projects that pay homage to their location and site history. Other examples include The Glass Factory in West End (once home to the Decorative Glass Company), Light + Co in West End (formerly The South Brisbane Gas &amp; Light Company), Tip Top in Brunswick (previously home to Northern Bakeries and later Tip Top Bakeries), and Corde in East Brisbane (which pays tribute to the Forsyth Rope Works site located adjacent – formerly the only rope manufacturer in Queensland).
It is our belief that by providing these strong links to site history and in our design, we cannot only preserve the history of established suburbs, but support population growth and future generations in a sustainable manner. 
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David Thompson and Jonothan Cowle are senior asssociates, Rothelowman and can be contacted <a href="https://www.rothelowman.com.au" target="_blank">here</a>. 
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Designing density for blue chip suburbs

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If you are looking for luxurious living away from the din and bustle of the city, Shawood homes in Gledswood Hills in Sydney’s southwest Macarthur region could be just the thing for you.
Set within the Donohue's View precinct at The Hermitage estate, Shawood homes by leading Japanese developer Sekisui House are set over one or two levels, offer four-bedrooms, multiple living areas, study and ample storage.
Other features include open plan interiors, plenty of natural light and reverse cycle, ducted air conditioning for year-round comfort. The rear and front yards are landscaped. 
In addition, access to more than 35 hectares of parklands, cycle and pathways and a golf course. The development is expected to be complete in 2017.
For more information, <a href="https://www.shawoodaustralia.com.au" target="_blank">click here</a>. 
<img src="/images/2016/09/23/Shawood1.jpg" alt="">
 
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Shawood homes in Sydney's Gledswood Hills promise luxury and comfort

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Four development projects have made the shortlist for the NSW Government's Green Globe Awards built environment category.
The projects include 5 Martin Place, Sydney from DEXUS Property Group, Fairwater from Frasers Property Australia, 275 Kent Street, Sydney by Mirvac and Westpac: St. George, Barangaroo Branch
The winners will be  announced 28 October
DEXUS Property Group: 5 Martin Place, Sydney
5 Martin Place was developed by Cbus Property and DEXUS Property Group. The development sets a new benchmark for office buildings in Sydney with its clever architectural design, high-end materials and finishes, and good access to natural light and ventilation.
Frasers Property Australia: Fairwater (pictured above)
Fairwater, Frasers Property Australia's 38 hectare residential development in Blacktown, is built on an old golf course surrounded by communal outdoor areas and ecological precincts. It is the first 6-star Green Star - Communities rating to be awarded in NSW. This project represents initiatives in large-scale residential precinct development which locks in real outcomes in sustainable living for residents.
Mirvac: 275 Kent Street, Sydney
Westpac Place at 275 Kent Street is one of Australia's largest office buildings. As Westpac's head office it contains extensive office space plus a food court, child care centre and urban park. Built by Mirvac in 2015, the building was one of the first properties in Australia to achieve a 6-Star Green Star Performance rating. The rating represents World Leadership in operational management and complements the property's 5-Star NABERS energy rating.
Westpac: St. George, Barangaroo Branch
Westpac's focus on environmental solutions has resulted in the large urban renewal development at Barangaroo, Sydney. The development is the first retail fit-out in Australia to be awarded a 6-Star Green Star - Interiors rating by the Green Building Council of Australia. The fit-out design ensures water and energy consumption is minimised. All furniture and building materials in the fit-out demonstrate a reduced environmental impact over their entire lifecycle compared to standard products. Social innovations include the provision for community organisations to use the branch premises outside office hours.
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For more information, <a href="https://www.environment.nsw.gov.au/greenglobes/" target="_blank">click here</a>.
 
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Finalists for the 2016 Green Globe Awards announced

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Beyond, a new apartment project in Sydney’s southern suburb of Hurstville aims to be a sleek design, elegant and modern.
The mixed-use project by developer Fridcorp will feature sculpted towers around a central plaza.
The unit mix will be a combination of one, two or three bedroom apartments sitting above retail and dining spaces.
<img src="/images/2016/09/23/Beyond2.jpg" alt="">
Beyond will be launched on Saturday, October 1 with fanfare at 99 Forest Road, Hurstville. The event will feature a performance by Australian singer and Eurovision runner-up Dami Im, while well-known patissier Adriano Zumbo will also make an appearance.
<img src="/images/2016/09/26/image003.jpg" alt="">
As for the project, each apartment promises wide frontage, light-filled interiors, elegant bathrooms with taps and basins designed specifically Beyond.
In Friedcorp founder-director Paul Friedman’s words: “We draw inspiration from around the world to create buildings that inspire our buyers beyond imagination.”
<img src="/images/2016/09/23/Beyond3.jpg" alt="" style="font-size: 12.16px;">
The project is a joint effort by developer Fridcorp, international architecture firm Woods Bagot and DKO Architecture. 
The retail spaces will have a Woolworths, cafes, restaurants and other speciality stores.
<img src="/images/2016/09/26/image004.jpg" alt="">
Earlier this year, Fridcorp completed construction on its first Sydney-based residential project Eve in Erskineville. The project is worth $160 million and has a mix of 197 one, two and three bedroom apartments across four buildings that vary from four to six levels.
<img src="/images/2016/09/26/image005.jpg" alt="">
Prices start from $450,000 up to $1.5 million.
More than 140 of its 197 apartments were sold within two hours of launching in May 2014, all off-the-plan. 
Beyond is expected to generate strong interest. 
For more information, <a href="https://beyondbyfridcorp.com.au/" target="_blank">click here</a>.
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Fridcorp's designer apartments, Beyond at Hurstville set for launch  

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The traditional Victorian terrace home is seeing big change, as smaller lot sizes and buyers who have family elders staying with them redefine the family home.
Developer Mirvac is adapting to this shift with its 240 terrace-style homes at its Tullamore masterplanned community in Melbourne’s Doncaster, with the 134 released to date selling out. 
The emerging shift towards multi-generational living coupled with the unique needs of empty nesters has led to a reinvention of the traditional family home, according to Mirvac. 
Multi-storey designs on smaller blocks of land that feature private downstairs quarters are increasingly becoming the norm, over traditionally expansive single-level family homes. Many buyers are requesting studies and home office areas on the ground floor to be changed into self-contained master suites for older generations of families to live in.
In addition, attached tri-level homes that share common walls are providing a new take on the traditional Victorian terrace in new-build communities. 
Mirvac’s head of Residential, John Carfi, said in recent months the company’s architects had redesigned a swathe of homes in Melbourne to cater to the changing needs of buyers. 
“The traditional family home is undergoing a major makeover as our largest demographic – the baby boomers – ages and their housing needs change,” he said. 
“Our ageing population, coupled with record migration, is resulting in a new style of family home that costs less to maintain and is more flexible in its layout.” 
Tullamore has seen strong interest from international families, among whom multi-generational living is the norm, according to Mirvac.
At Tullamore, Mirvac has also introduced some feng shui elements to cater to the market.
“This is a new era in housing that will change the look and feel of parts of our suburbs, just as duplexes and townhouses did in the 1990s,” he said.
Mirvac has a pipeline of 14,000 new dwellings across Australia, which are expected to add to the market over the next four years, 
Mirvac architect Andrew La, behind the home designs at Tullamore, said a key factor in the evolution of housing was the increasing demand for smaller lot sizes by purchasers who don’t want a large backyard to take care of. 
Over the past five years, average lot sizes across Australia have shrunk. However, at Tullamore, Mirvac has increased lot sizes for its premium homes that offer city views and access to an adjacent reserve. 
“The lock and leave lifestyle whereby a resident can enjoy less maintenance on a property is a key factor in new home design today,” La said. 
“It is resulting in a reinvention of the traditional Victorian terrace home. With shared walls and height across three levels, the modern Victorian home offers purchasers much less maintenance, without compromising on space or style.”
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Mirvac sees shift in traditional family homes with generational living  

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The last stage of the apartment project in Sydney’s Summer Hill, known as The Flour Mill, which innovates on the concept of the original flour mill there, will be launched officially on September 24.
The original flour mill was built by Mungo Scott in the 1920s. It was redesigned by HASSELL and developed by EG and Daiwa House. 
Construction on The Flour Mill began in early 2015 and the final stage will unveil 135 studios, one, two and three-bedroom apartments located across the remaining buildings which comprise the Durum Silos, The Wheatstore and The Granary. 
The residential development comprises 360 apartments and terraces surrounded by landscaped communal gardens, retail spaces and easy access to the light rail and train station. 
Since its launch in 2014, Stage 1 and Stage 2 have sold completely. 
The four circular towers of the original wheat silos, dubbed the Durum Silos now form 56 apartments across 14 storeys, at the peak of which sit two penthouse apartments with roof terraces enjoying 360 degree views. 
The Granary has been converted to one and two bedroom apartments that mimic the scale of the original buildings on this site. 
The Wheatstore’s triangular structure stands out as the only design within the Flour Mill that started from scratch. It houses 27 two and three-bedroom apartments. 
EG’s development manager Raja Jamal said the focus was community and connectivity. 
“Summer Hill hosts a strong, connected community and we are excited to bring together the new and the old residents,” says Jamal. 
“The new retail precinct and integrated communal public park will complement the vibrant high street and existing village atmosphere.” 
Collier’s International is marketing the project and has started taking enquiries for the last stage. 
Colliers’ residential director Ian Bennett said, “The majority of buyers in Stage 1 and 2 were locals looking to buy a piece of the area’s history, with investors and first home buyers looking at the one and two-bedroom apartments due to the connectivity with the light rail, train station and bus services all flanking the development,” said Bennett.
The Flour Mill’s completion scheduled for the end of 2018. 
For more information, <a href="https://summerhillflourmill.com.au/" target="_blank">click here</a>.
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Last chance to buy a piece of history in Sydney’s Summer Hill 

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A Hong Kong based developer has paid $8.8 million for a Southbank development site.
It comes with plans for a $80 million Fender Katsalidis designed, 38 level residential tower.
Savills agent Nick Peden brokered the <a href="https://commercialpropertysearch.savills.com.au/256601/Sale/Southbank/18-Moray-Street" target="_blank">18 Moray Street deal</a> with Clinton Baxter and Jesse Radisich at $20,000 a square metre of land and $70,000 per apartment.
"The sale set a strong new benchmark for Southbank land," Peden said. 
“The transaction clearly demonstrates the ongoing appeal of the Melbourne market to Asia-based developers wishing to undertake projects to meet the needs of our rapidly growing population, and the price reflected that."
The 446 square metre corner site had a permit for a 124 apartments.
The sale was finalised promptly on unconditional cash terms and subject to two short term leases returning $120,000 per annum net.
He said the site was one of the last major permit-approved development opportunities within the prized Crown Casino precinct.
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Savills sells Southbank Fender Katsalidis tower site for $8.8 million

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A mixed-use apartment project in the Brisbane suburb of Upper Mount Gravatt was launched to the market this month and is being exclusively marketed by Savills Residential Projects.
The $96 million development, Avion Residences (<a href="https://www.avionresidences.com.au" target="_blank">www.avionresidences.com.au</a>), will have twin 15-level towers linked by a sky bridge.
The development’s 174 apartments come as either two- or three-bedroom units priced from $449,000. Apartments range in size from 81sqm to 160sqm.
There are two sub penthouses as well. Shared spaces include a swimming pool, outdoor cinema, private dining room, relaxation zones and a barbecue area.
The retail area will include a shared two-level commercial podium and shops. 
It is the first Brisbane venture for Raykong Property, which gained development approval for Avion Residences in July. 
Project manager Michael Sutherland of PDS Group said the public launch of Avion Residences was timed to meet the growing need for quality residential apartments in Upper Mount Gravatt.
“Avion Residences will play its part in the gentrification of Upper Mount Gravatt which, as a suburb, figures strongly in the Queensland Government’s CBD decentralisation strategy.”
The project is located on Cremin Street, close to Griffith University’s Mount Gravatt and Nathan campuses, the M1 and South East Busway.
“Avion Residences is tapping into the strong demand for apartments in the area,” he said.
Savills Residential Projects state director Peter Neale said the early buyer interest in Avion Residences had surpassed expectations.
“People are drawn to the project’s proximity to amenities, universities and public transport options,” he said, adding that expected buyers would be a mix of owner-occupiers and investors looking for strong growth and yields.
“Because of the location and style of the building, investors are seeing capital growth potential and strong rental yields from young executives living in the area,” he said.
“We anticipate however, that owner occupiers will account for 60 per cent of our apartment buyers because the sheer size of these residences means they don’t have to compromise on space when downsizing.”
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