Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

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One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

Joel Robinson

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

&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.

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 international 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

Residential Development

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GUEST OBSERVER
The Housing Industry Association has released the latest edition of Renovations Roundup. 
The report offers the most comprehensive quarterly analysis of the home renovations market in each of the eight states and territories, and outlines forecasts for renovations activity. Renovations Roundup also provides results of the exclusive HIA Renovations Survey undertaken in February 2016, in which over 900 businesses and individuals participated. 
The HIA Renovations Survey provides a comprehensive update on conditions within the sector.
Repairs and maintenance are the most popular type of job, followed by kitchen and bathroom renovations.
A significant 24 percent of renovation jobs fall within the value range of $12,000 to $40,000. The survey also found that 13 percent of renovation jobs fell in the range of $200,000 to $400,000. This reflects demand for comprehensive renovation work which covers a large part of the footprint of an existing house and is an area of the renovations market that should gather momentum in coming years.
Total renovations activity grew for a second consecutive year in 2015, rising by 4.4 pe cent.
However, the recovery remains quite fragile and there is considerable geographic variation to activity.
Several markets are benefitting from the improving labour market along with stronger dwelling price growth. In other places, weak earnings growth, relatively low turnover of established houses and tighter credit conditions are holding activity back.
The Renovations Roundup projects that renovations activity will increase by 0.7 percent this year with growth of 1.7 percent forecast for 2017. HIA projects that activity will grow by 2.8 percent in 2018 followed by a 3.2 percent increase in 2019, bringing the total volume of renovations activity to $33.02 billion.
Shane Garrett is senior economist for HIA and can be contacted <a href="https://hia.com.au/en/BusinessInfo/economicInfo/EcoGroup.aspx" target="_blank">here</a>.
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jchancellor-FAypfDUnLy

Renovations recovery continues to battle on: HIA

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Parramatta City Council is releasing the first parcel of property for development as part of its $1.2 billion cultural and entertainment precinct on the Parramatta River.
At completion, the 20,000 square metre Riverbank mixed-use precinct will provide a blend of residential, dining, retail, heritage and cultural facilities including flexible open space that is expected to draw residents and visitors to the waterfront location.
The council will run an expressions of interest campaign throughout March for a 5,150 square metre parcel of land on the riverbank site earmarked for residential and retail development. The EOI campaign closes in early May.
Lord Mayor of Parramatta Cr Paul Garrard said the redeveloped riverbank precinct will be an all-hours entertainment and cultural destination that will connect with and complement the $2 billion Parramatta Square business district.
“Council has a development blueprint for Riverbank that proposes up to 1,200 apartments, 6,000 square metres of retail, and 10,000 square metres of open space. It includes the preservation of local heritage and the possibility of an iconic cultural asset to distinguish Riverbank as the cultural heart of Australia’s next great city,” Cr Garrard said.
“The first parcel of land for sale sits on the western side of the precinct. It offers an enviable waterfront location prime for a high-quality development including residential, retail and dining spaces that can set the precedent for a vibrant Riverbank precinct.”
Cr Garrard said the site could accommodate up to 680 apartments in a 74-storey mixed-use tower, subject to council approval.
“We are offering this site without a development application as we want to give a developer the flexibility to achieve design excellence for the residential tower and retail space to complement Council’s vision for Riverbank,” he said.
“The successful proponent will be required to carry out a design competition and obtain all necessary approvals.”
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jonathanchancellor-7SQnKwU6yx

First site on Parramatta River released as part of makeover of riverbank

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A South Brisbane site with 304 apartments designed by the award-winning Cottee Parker have been launched.
Positioned on a 2,021sqm site at 15-19 Brereton Street, the DA approved elevated site is being marketed through Brendan Hogan and Pat George of Colliers International and Blake Goddard and Elliot O’Shea of JLL via an international expression of interest campaign closing April 20.
The development has mostly two-bedroom apartments, communal facilities as well as podium parking allowing for significant cost savings.
“We expect to receive significant interest from both offshore and onshore developers as currently there are very limited opportunities of DA approved sites available in the area that enable immediate commencement of pre-sales and construction of the development," said Hogan.
Goddard of JLL added that “south Brisbane is a transforming residential hub with entertainment venues, leisure precincts and over 275 restaurants, cafes and bars all within close proximity. It is just over 1km from the Brisbane CBD and well connected by rail, bus and ferry services".
 
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prateek24-ezbwHMbNAk

DA approved South Brisbane residential site comes to market

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Come this weekend, Sydney's North Shore suburb of Killara will see the opening of a residential project launch called Octavia by Roxy Pacific Killara.
Octavia is located at 6A-8 Buckingham Road, and on completion will have 43 dwellings in combinations of one, two and three bedroom apartments in two buildings.
The development is a short walk to Killara Train Station and local amenities and close to shopping destinations of Gordon, Chatswood and Macquarie Centre.
The buildings are in Killara High School catchment and close to private schools.
The display is open on Saturday and Sunday 2pm - 4pm.
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Residential project Octavia in Sydney's Killara set for launch

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Seven retail spaces on the first two levels of developer Greenland's new residential development Omnia, in Sydney's Potts Point, are on the market.
Greenland sold the<a href="https://www.omniapottspoint.com.au/" target="_blank"> first four retail spaces</a> to investors at an average price of $30,000 per square metre and has secured Woolworths to occupy this adjoining tenancies, comprising 405 sqm of floor space.
The remaining seven spaces range between 57sqm and 223 sqm.
Greenland Australia managing director Sherwood Luo said based on the success of the launch of apartments in Omnia, Greenland was confident of a similar response from the retail market.
“Omnia’s first two levels of retail space offer a unique opportunity for investors to buy within a prestigious brand new development which will be home to a high-net-worth, lifestyle-oriented residential community of some 250 residents,” Luo said.
Greenland sold 70 percent of the residential apartments at Omnia, at 226 Victoria Street, on the first day of the sales launch, including an $11 million penthouse. The development comprises 135 apartments and eight retail spaces.
“Due to the premium offering of the apartments which are designed by Durbach Block Jaggers with interiors by SJB Interiors, we’re expecting interest from retailers such as premium hair and beauty salons, gourmet delicatessens or grocers, cheese and wine bars, art dealers, homewares and designer fashion stores," said Luo.
Greenland Australia is a subsidiary of Shanghai-headquartered Greenland Group. Its current projects include Greenland Centre Sydney in the Sydney CBD which will be the city's tallest tower at 235 metres.
Other projects include Omnia in Potts Point, Lucent in North Sydney and Leichhardt Green in Leichhardt.
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Seven retail spaces at residential project Omnia in Sydney's Potts Point up for sale

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In Sydney's Double Bay, local downsizers bought nearly 75 per cent of Essence, a 37-apartment boutique project launched by Melbourne-based Chinese developer Golden Age.
The most expensive sold on Saturday was a $2.9 million apartment.
The $110 million development at <a href="https://www.realestate.com.au/property-apartment-nsw-double+bay-121968762" target="_blank">315-321 New South Head Road</a> has harbour views.
Its one, two and three bedroom residences, most with a northerly orientation across Henrietta Street, were designed by the CARR design group for the Golden Age Group, led by restaurateur and property developer Jeff Xu which bought the site with planning approvals for $18 million.
Mr Xu told The Australian Financial Review he wanted Golden Age to be known for its prestige apartments as much as its high-rise towers.
"This is a strategic move for us to have another site in Sydney.
"I want to tell the market that Golden Age is not only about quantity, it is about quality as well.
"We can do [a] 70-storey high-rise. We can do [a] three or four-level low-rise as well, as long as it's good quality.
"Double Bay is a very good project for us to put our brand into Sydney.
"It's like a business card."
 
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Essence, Double Bay popular with downsizers

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Housed within the Chubb heritage building, Iconic is a new development by THIRDi Group and Milligan Group in Sydney's inner-city suburb of Waterloo. 
Located at 830 Elizabeth Street Waterloo, Iconic is spread over five levels, excluding commercial.
The development comprises 76 apartments that come as studios, one, two or three-bedroom dwellings starting from $587,000.
There is also a set of penthouse apartments with their private rooftop garden and BBQ, and views of the city.
The development is near Green Square train station and shopping precinct and directly across the road from Waterloo Park.
The Chubb Factory was built in 1921, which the developer says has added another layer to the project design. While maintaining the heritage building, the developers wanted to blend it with modern design. 
The architecture and interiors are by SJB.
With major amenities such as Sydney University, UTS, Moore Park and Fox Studios in close proximity, Waterloo offers inner-city convenience.
For more information <a href="https://iconicwaterloo.com.au" target="_blank">click here</a>. 
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Sydney's Waterloo to see heritage Chubb building Chubb become Iconic apartment complex

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Bates Smart has been selected to design Walker Corporation’s 90-storey Aspire tower in Parramatta, beating off Fender Katsalidis, DBI Design and PTW Architects.
The decision was made by a panel comprising Parramatta City architect Kim Crestani, NSW government architect Peter Poulet, Barangaroo design director Bob Nation and Barry Mann, a member of Parramatta City’s property and significant assets team.
<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/2016/03/10/016960-aspire-tower.jpg" alt="">
The $700 million tower will be Sydney’s tallest if completed to plan as the centrepiece of the $2 billion redevelopment of ­Parramatta Square, in Sydney’s west.
Bates Smart will be forced to first lodge a 70-storey development application, and only be permitted to request a taller tower once it has agreement from the Civil Aviation Safety Authority.
<img src="https://www.urban.com.au/images/2016/03/10/images.jpeg" alt="">
Walker Corporation is building two adjacent commercial towers designed by Johnson Pilton Walker.
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Aspire tower Parramatta needs aviation authority approvals to go 90 stories

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Property developer Poly (Australia) Real Estate Development Pty Ltd [Poly] has received development application approval on its 501-apartment Poly Horizon project in the northern Sydney suburb of Epping.
Poly has received approval from the North Sydney Joint Regional Planning Panel (JRPP) to develop a landmark mixed-use precinct that will comprise three residential towers, including a 21-storey tower, a 22-storey tower and one seven-storey tower. The approval also includes 1,000 sqm of ground level retail.
Construction on Poly Horizon will commence in April, with the developer not requiring bank finance and therefore not needing to achieve sales thresholds to receive construction finance.
“Most developers usually need to achieve at least 80-90% pre-sales to commence construction however due to the financial strength of Poly, this is not necessary. This gives further confidence to buyers that Poly Horizon will be delivered on time,” said Poly managing director Arthur Wang.
Designed by multi-award winning architects PTW, the development features reticulated façades and will consist of a range of one-bedroom plus study, two and three-bedroom apartments as well as a small number of penthouses.
Positioned on an elevated ridgeline, the development will offer views of the CBD and the Blue Mountains.
“At completion, the project will feature a ground floor with cafes, restaurants, public art and a large podium courtyard," said Wang.
The project’s approval comes at a time when Epping is set for a transformation, with the NSW Government’s Epping Town Centre Plan to be implemented. 
For more information, <a href="https://www.polyhorizon.com.au" target="_blank">click here</a>.
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Chinese developer Poly receives approval for residential project in Sydney's Epping

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GUEST OBSERVER
Melbourne’s population is expected to almost double by mid-century, overtaking Sydney as Australia’s biggest city. But all states are growing and the increases are concentrated in the capital cities.
Along with adaptation, developing resilience and decarbonising buildings and other infrastructure – in response to climate change – the expansion and densification of the city present massive challenges for state and local council planners.
Skyscraper residential blocks and ultra-tiny apartments have already created controversy. Will Melbourne end up with a skyline like a pincushion, or Chicago without its grand style?
Are vertical communities feasible? If so, will they be gated communities?
With a two-tier, global-local real estate marke<a href="https://www.afr.com/real-estate/lower-australia-dollar-to-inflate-sydney-melbourne-property-prices-20150903-gje5ua">t</a> and growing numbers of international students, will inner Melbourne become host – or hostage – to a clutter of boarding-house-like apartments? And will those living in oversized, energy-guzzling new homes in fringe suburbs spend hours every day in private cars to reach work, school, retail and medical services?
If planning once seemed a boring job entrenched in the minutiae of approving, rejecting or amending individual development plans, today every level of planner is engaged with stakeholders. They must argue the pros and cons of designing appropriate urban policies across vast and complex economic and social landscapes.
A recent planning proposal by RMIT University researchers Michael Buxton, Kath Phelan and Joe Hurley offers a vision of an environmentally efficient compact city. This would not only protect its cultural heritage and enhance its green spaces, but also create the possibility of building in environmental justice.
<h2>What is environmental justice?</h2>
“Environmental justice” is often spatially expressed. Say a landfill, polluting industry or airport is approved in an area of social deprivation. That means locals bear most disadvantages. Consumers elsewhere not only benefit from the resulting goods and services but are protected from the damaging impacts of their production.
An example of insidious environmental injustice, revealed by Australian health scientists, is air lead concentrations. This has caused almost one-third of the variance in suburban assault rates 21 years after exposure.
A current inquiry will suggest ways that environmental justice can be applied in the Victorian Environmental Protection Authority (EPA). However, many sources of environmental injustice, such as planning, are beyond the EPA’s mandate. That makes these honourable aims a moot point.
Pockets of disadvantage often have historical and geographic sources. However, better urban planning can turn these areas into more desirable and healthy places to live. Appropriate planning strategies can minimise spatial disadvantage by ensuring services are well, and evenly, distributed throughout a city.
<h2>Community-based planning to get the mix right</h2>
The planning proposal focuses on appropriate land supply, infill opportunities and housing types. The goal is to maximise:
<blockquote>
…the effective functioning of the city through access to employment and service provision, avoiding inequitable outcomes and increased social division, and protecting amenity and providing high-quality urban design and environmental conditions.
</blockquote>
This approach respects the current heritage overlay and any pre-1945 building along the city’s tramways. Extensively using brownfield and ex-industrial land in Melbourne’s middle and outer suburbs maximises densification opportunities. It also promises to rehabilitate these neglected environments with well-serviced community-centred developments.
The researchers show that sprawling development in growth areas low in amenities could be minimised and made compact to increase service quality and quantity.
The thrust of the proposal dovetails well with a recently released report by other RMIT University researchers Tania Lewis, Victor Albert and Shae Hunter. They recommend:
<blockquote>
Using an EPA social media campaign to move away from a focus purely on “risk” and “hazards”, where communities are positioned as “victims”, to encouraging a longer-term sense of urban environmental consciousness and engagement.
</blockquote>
Scenarios that result in concrete proposals to oppose, modify and support are essential stages in coherent and engaged community-based planning. The first proposal was written to inspire debate on a pressing cluster of challenges that every Melburnian has a stake in solving.
The authors encourage lively public discussion to develop strong urban planning policies. Without these we risk our future being decided by developers, housing industry players and real estate markets.
<h2>Principles to guide us towards cities that work for all</h2>
Discontent with housing costs and options has become a 2016 election issue. Clear demands based on key principles are needed to steer the debate among our planners, politicians and parties in fruitful directions. Environmental justice is one such principle.
Australian cities should be made to work for all inhabitants. This involves evenly spreading the environmental disadvantages of industrial and commercial activities as well as the advantages of transport, educational and medical services.
This can be done through more appropriate zoning and planning regulations. The importance of this will only increase in coming decades of growth.
A city well planned in terms of environmental justice is more equitable by nature. Such a city is likely to have fewer entrenched and divisive sociopolitical conflicts.
Anitra Nelson is associate professor, Centre for Urban Research (GUSS, RMIT), RMIT University and author for The Conversation. She can be contacted <a href="https://theconversation.com/profiles/anitra-nelson-6527" target="_blank">here</a>.
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