The most elevated residential tower in Palm Beach, <a href="https://www.apartments.com.au/new-apartments/corallo-palm-beach-5-palm-beach-avenue-palm-beach-qld-4221">Corallo</a>, has officially launched this week, however only a handful of buyers will have an opportunity to buy in to the 17-storey project.

The $200 million mixed-use project includes ground floor dining and retail and is considered so valuable its developer, <a href="https://www.apartments.com.au/developers/changfa-group">Changfa Group</a>, will be staging its release of one-, two- and three-bedroom apartments and penthouses to the market.

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<a href="https://www.apartments.com.au/project-marketer/colliers">Colliers</a> International, Director, David Higgins, said the development’s location just metres from the beach on the corner of Palm Beach Avenue and the Gold Coast Highway influenced the sculptural design by the acclaimed Plus Architecture studio.

“<a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a> locals understand the rare opportunity here at Corallo, particularly being the tallest building in the suburb and its proximity to the beach and local restaurants, and they’ve represented the bulk of pre-launch enquiries,” Higgins said.

“The orientation of the apartments captures views of the coastline from Surfers Paradise to Currumbin, and the diversity of floor plans and apartment types provide an exceptional level of choice.

“The first release includes just 59 one-, two and three-bedroom apartments and two half-floor penthouses, with flexible use designed to appeal to both owner-occupiers and investors."

&nbsp;

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In addition to the ground floor amenity, residents will also have access to a private dedicated wellness level offering 734 sqm of resort-style amenities including a pool, cold plunge, wet deck, steam room, sauna, gym, day bed, fire pit, barbecue area, dining area and yoga/stretch deck.

The project is located within walking distance of Tallebudgera Creek, Burleigh Heads village, Currumbin Alley and Palm Beach Currumbin High School. The Gold Coast Airport is under 10 minutes away.

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Higgins said Palm Beach remained a hotly contested suburb for home buyers, with prices doubling in the past five years.

“What makes Corallo so appealing to the local market is the diversity of apartment types and pricing, with one-bedroom apartments starting from $841,000 and two-bedroom apartments starting from $1.34 million,” he said.

“The ground floor retail and dining offering will further expand on Palm Beach’s village atmosphere and create a meeting place for locals, and those opportunities for connection are highly valued.”

&nbsp;

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The on-site sales display, which includes a fully fitted kitchen, bathroom and bedroom, will be open until early works commence in Q1 2026. Each residence at Corallo will feature premium finishes including natural stone, artisanal brickwork, and warm copper accents.

Changfa Group has a two-decade history of delivering premium developments in Australia and internationally, having recently completed its collection of premium townhomes at Lyra, Hope Island, as well as apartment projects in Leichhardt, Carlingford, and Chatswood in New South Wales.

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Joel Robinson

$200 million Corallo Palm Beach launches with limited apartment release

In a move that aligns with NSW's accelerated planning incentives for affordable housing, developer&nbsp;<a href="https://www.apartments.com.au/developers/the-one-collection">One Collection</a> has revised its Hills District apartment plans, and taken it to the NSW Government, to secure approval.

The developer, which is currently delivering Horizon Hurstville, is seeking to add 80 more apartments to its <a href="https://www.apartments.com.au/new-apartments/the-one-castle-hill-16-dawes-avenue-nsw-2154">Castle Hill development</a> near Castle Towers. They already have approval for 280 apartments across eight six-storey buildings.

<img alt="One Collection" data-entity-type="file" data-entity-uuid="b3c298ba-1cc5-4db7-9872-607c75f8ceca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-13%20at%2010.19.22%E2%80%AFAM.png?VersionId=wN9KpFIu5ENSGZLLsaZgXQHrXcwEO3Vd" />

Now on the desks of the NSW Department of Planning is 360 apartments, 48 of which will be dedicated to affordable housing.&nbsp;Affordable housing is to be “fully integrated within the building and visually indistinguishable,” according to the planning submission.

The 15,697 sqm block, an amalgamation of 16 sites, spans across Dawes Avenue, Hughes Avenue, and Camdan Crescent, sits 550m from Hills Showground Metro Station.&nbsp;

"The existing context is quickly changing from free-standing homes into residential flat buildings in line with the Hills Showground Precinct planning framework," Place Studio noted.

<img alt="Castle Hill" data-entity-type="file" data-entity-uuid="3ec24948-c185-48fa-af8b-ed25adf302bf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-13%20at%2010.19.04%E2%80%AFAM.png?VersionId=zNDX.IeRROX1RlDeYcS38xn8w_dqgU2t" />

They said the design was informed by the site's unique condition of having three street frontages and was developed to to respond sensitively to iots surrounding context.

"The design adopted a conventional perpendicular alignment to the primary street frontage. The massing of the development was carefully modulated to align with the evolving character of the neighbourhood. The design ensured that the scale was not excessive or out of context, but instead contributed to a cohesive urban form consistent with emerging developments in the area."

<img alt="Castle Hill" data-entity-type="file" data-entity-uuid="f83ffdaa-f960-469d-b6fe-abcece57c9ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-13%20at%2010.19.09%E2%80%AFAM.png?VersionId=4oKlCyfaKes7jLi1_EMoqa46w2h_YvDZ" />

The apartment mix will be 46 one-beds, 168 two-bed apartments, and 146 three-bedroom units, with 631 parking spaces proposed.

Along the street frontages, the building heights are four storeys with a 7.5 metre setback, and eight storeys with an 11.5 metre setback. It should cost about $150 million to build.

One Collection works hand-in-hand with the respected development and construction firm Masscon, which has built a reputation for leveraging its expertise in the built environment to take on developments others can't. That's what they're achieving at Horizon Hurstville, having taken over the project to deliver it.

First look: One Collection advances plans for Castle Hill apartments

At Yarra’s Edge, <a href="https://www.apartments.com.au/developers/mirvac">Mirvac</a>’s newest tower under construction, <a href="https://www.apartments.com.au/new-apartments/trielle-at-yarra-s-edge-docklands-16-point-park-crescent-docklands-vic-3008">Trielle</a>, sets a new benchmark for elevated living. Rising 45 storeys, 12.5 metres from the Yarra River, the landmark building offers residents access to a private wellness retreat and spa, a resident-only golf simulator, and an elegant lounge, dining and bar complete with a self-playing piano, all without ever having to leave home.

Now, that sense of elevation has reached new heights with the Aerus Sub-Penthouses, a limited release of half-floor riverfront residences on the Collins St axis where the sought-after street meets the Yarra River.

Each Aerus Sub-Penthouse, located across levels 42 and 43, represents the most expansive offering within Trielle, aside from the yet-to-be-revealed crowning penthouses. Spanning between 269 and 301 sqm, these residences are designed to capture natural light and uninterrupted views of the city skyline, Yarra River, and Port Phillip Bay.

[smartcode_project:default project_id=114216 project_image_fid=3784]

Among the collection are three-bedroom sub penthouses, complemented by a media room, and expansive four-bedroom layouts. All include panoramic living areas and oversized master suites with luxury ensuites reminiscent of a five-star hotel, complemented by dedicated dressing rooms finished in timber and natural stone.

The interiors have been crafted by <a href="https://www.apartments.com.au/architects/mirvac-design">Mirvac Design</a>, the developer’s award-winning in-house architecture and design team. Every material has been chosen for quality and longevity, from sculpted stone island benches with feature soft wash LED lighting to bespoke joinery and chevron timber oak flooring.

Kitchens are fitted with a BORA induction cooktop with integrated downdraft extractor, alongside Gaggenau appliances, including a fridge, freezer, and wine fridge. The adjoining butler’s pantry incorporates the exclusive Gaggenau Minimalistic Series including oven, steam oven, microwave, coffee machine and warming drawer, all concealed behind handleless glass panels for a clean, integrated presentation. Bathrooms feature custom Apaisar freestanding baths and basins and natural stone benchtops, continuing Mirvac’s design emphasis on tactile, timeless materials.&nbsp;

<img alt="Trielle at Yarra's Edge, Docklands" data-entity-type="file" data-entity-uuid="c00be724-b0f1-47c0-afed-54f829870704" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Aerus%20sub-penthouse.png?VersionId=Uktd61kpLSqNjwJeDFs7IaZ3xgLlDQmu" />

Michael Wiener, Design Director at Mirvac, says The Aerus Sub-Penthouse embodies the apex of Mirvac’s design ethos.

“Moving through your home is like walking on air - a private sanctuary where the craftsmanship is refined, the proportions generous, and the flow so effortless, you feel completely at ease in the sky,” Wiener says.

“In Aerus, we wanted to create a sense of weightlessness - a home that feels suspended in the skyline, full of light, grounded in luxury.”

[smartcode_project:default project_id=114216 project_image_fid=3777]

The Aerus Sub-Penthouses are expected to attract a mix of local and international buyers seeking a long-term residence of scale and quality in a riverfront setting, from returning expats to established families and business owners who value privacy, craftsmanship, and convenience within walking distance of the CBD.

With an unmatched suite of amenities, Trielle is the most extensively appointed development Mirvac has created to date at Yarra’s Edge. Within the tower will be The Oasis, a 900 sqm podium rooftop wellness retreat designed in collaboration with spa expert Naomi Gregory. Located seven storeys above the Yarra River promenade, it features a 25-metre lap pool, spa and sauna, hot magnesium spa, biophilic gym, yoga and Pilates studio, cold-pail contrast treatment, and day spa treatment rooms. Further amenities include a piano lounge, bookable dining room, cinema room, golf simulator studio, games room, teppanyaki bar, dog wash bay, and two flexible work hubs, The Biblioteca library and Mills Place office space, catering to residents’ evolving lifestyle needs.

Construction of the $350 million tower is underway through Mirvac’s in-house construction arm, with completion anticipated for mid-2027.

[smartcode_project_cta:default project_id=114216]

Sky-high sanctuaries: Mirvac unveils The Aerus sub-penthouses at Trielle

<a href="https://www.apartments.com.au/developers/jwland-development">JWLand</a>’s De Burgh, the final residential release within the Northbourne Village precinct in Lyneham, is nearing completion just as the Federal Government’s Home Guarantee Scheme prepares for its most significant expansion to date.&nbsp;

From October 2025, the scheme will allow first home buyers to enter the market with just a five per cent deposit and no lenders mortgage insurance (LMI), removing some of the most common barriers to ownership.

With <a href="https://www.apartments.com.au/new-apartments/de-burgh-at-northbourne-village-40-de-burgh-street-lyneham-act-2602">De Burgh</a> on track for residents to move in by late spring 2025, the timing creates a strong opportunity for first home buyers seeking brand-new apartments in Canberra’s sought-after Inner North.&nbsp;

[smartcode_project:default project_id=139989 project_image_fid=212888]

The project delivers 350 residences across two buildings, with layouts ranging from compact studios through to one, two, and three-bedroom apartments.

JWLand has tailored the development for long-term liveability, integrating natural light, privacy and outdoor space into each home. Ground-floor residences feature private courtyards, while upper levels benefit from generous balconies.

Kitchens are fitted with Fisher &amp; Paykel appliances, and all apartments include ducted reverse-cycle air conditioning with smartphone app control for lighting and climate.&nbsp;

Shared resident facilities include a rooftop garden, gym, lounge and parcel lockers, alongside landscaped green space within the precinct.

[smartcode_project:default project_id=139989 project_image_fid=267376]

For buyers, the expanded Home Guarantee Scheme removes income caps and introduces unlimited places, making it more accessible than ever. With most De Burgh apartments priced under $1 million, they fall well within the updated eligibility thresholds.

The policy changes provide first home buyers with greater certainty and a smoother path to finance. Combined with the quality and location of De Burgh, the expanded scheme is expected to draw a new wave of buyers to Canberra’s Inner North.

Residents will benefit from the project’s central setting, just 600 metres from the light rail and three kilometres from Canberra’s CBD. The precinct is bordered by the <a href="https://www.apartments.com.au/developments/lyneham-act-2602">Lyneham</a> wetlands and sits within easy reach of cafes, restaurants, schools and the ANU.

With completion scheduled for late 2025, De Burgh is set to be among the first major apartment projects to meet the expanded scheme head-on, offering first-time buyers a realistic pathway to ownership in one of Canberra’s most connected neighbourhoods.

[smartcode_project_cta:default project_id=139989]

JWLand’s De Burgh aligns with expanded Homebuyer Scheme, opening doors for first home buyers in Canberra’s Inner North

A subtropical pair of residential towers are in planning for a key South Brisbane site neighbouring the iconic Expo ’88 Skyneedle, with new documents revealing a vertically layered vision designed to respond to the precinct’s evolving high-density character.

The proposal has been lodged by&nbsp;Darveniza Group, which is also is behind the 400-apartment Station Quarter precinct in Alderley.

Darveniza Group, led by Jane Darveniza, the Brisbane-based investor and Queensland rich-lister and widow of the late property magnate Bojan Darveniza, is seeking approval for a mixed-use project encompassing 204 apartments, ground-level retail, food and drink tenancies, and office space across two architecturally integrated towers at 37–39 Manning Street.

Occupying an 1,822 sqm site, the proposed towers would rise above a sculptural podium base, with a recessed landscaped centre, rooftop communal areas, and a total of 220 car parks and 256 bicycle bays. The apartment mix spans one- to five-bedroom dwellings, with a design emphasis on generous balconies, cross-ventilation, and climate-responsive materials.

<img alt="First look: Twin towers proposed for Manning Street site beside Skyneedle" data-entity-type="file" data-entity-uuid="42c1f501-2afd-440b-af49-67c257123ea7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Manning%20podium.png?VersionId=KFlksfWzmDRD.VIYxd_1q3VAel.nN3TH" />

“The development is conceived as two slender twin buildings that meet at a lushly landscaped central recess,” the Finegrain design report states. “The façade is highly articulated with the plan form stepping back and forth to reduce visual bulk and maximise internal occupants’ access to natural light and air”.

A hallmark of the proposal is its integration of greenery, both visually and functionally. Around 77 per cent of the site’s green plot ratio is delivered through vertical planting spines, a green podium wall, and rooftop amenity. Ground-level deep planting and landscaped communal zones aim to create a shaded, walkable interface along Manning Street.

“The stepped plan form introduces variation in balcony setbacks and enclosed apartment areas, enriching both the façade expression and the resident experience,” the design team notes. “At ground and podium levels, this stepping also enhances permeability, maximising pedestrian view lines to the neighbouring Skyneedle and reinforcing a strong sense of local identity”.

<img alt="First look: Twin towers proposed for Manning Street site beside Skyneedle" data-entity-type="file" data-entity-uuid="b3f26dfc-6b93-465c-9ffb-0a2530372a23" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Manning%20site.png?VersionId=JflvKdqDxcaHTFbb9HL5TwoiRgeQ2LqA" />

The site directly adjoins the heritage-listed Skyneedle at 35 Manning Street, an enduring legacy of World Expo ’88. The accompanying heritage impact report by Pendergast Architects contends that the proposal has been carefully conceived to protect the cultural significance and landmark visibility of the structure.

“The design provides setbacks, tower separation and podium articulation to maintain the visibility and landmark role of the adjoining Skyneedle,” the report states. “The significance of the Skyneedle lies principally in its landmark visibility and cultural symbolism, rather than in detailed fabric or architectural setting”.

The proposal sits within the Kurilpa Sustainable Growth Precinct, under Brisbane’s TLPI 02/2023, where revised planning controls support high-density, mixed-use development integrated with subtropical design and increased public realm contributions.

Finegrain’s design reflects this intent, drawing cues from the site's adjacency to Musgrave Park, the subtropical landscape of South Brisbane, and cultural landmarks such as QPAC and South Bank.

Twin green towers proposed for Manning Street, South Brisbane site beside Skyneedle

Spring Street

Box Hill, the thriving suburb just 14 kilometres east of Melbourne, is undergoing explosive growth and major generational change.

It is set for the even further growth due to its recent crowning as a Metropolitan Activity Centre.

One of the most sought-after apartment developments on the market in Box Hill is&nbsp;Spring Street,&nbsp;ideally located to take advantage of Box Hill's future growth prospect.

From its Spring St location, the Elenberg Fraser-designed apartment project is just a short walk from Box Hill Central, one of the city's busiest train stations connecting the suburb to the rest of Melbourne.&nbsp;Box Hill&nbsp;is also served by the route 109 tram and a number of bus routes.

[smartcode_project:default project_id=100675 project_image_fid=167528]

As the suburb’s cultural diversity and growing appeal have made it one of the more desirable places to live in Melbourne's east, Spring Street has set itself apart in both price and amenity for&nbsp;Box Hill.

The ground level of Spring St is also home a number of retail and dining options.

Within a few hundred metres is the Box Hill RSL and Bowls Club, which meets Box Hill Gardens, a one kilometre urban park with sports courts, a running track, barbecue areas, ponds, and a playground.

[smartcode_project:default project_id=100675 project_image_fid=167531]

The 312-apartment development by Orion International&nbsp;features a number of resident&nbsp;facilities, including a&nbsp;25-metre swimming pool with spa, a sauna, a gym and a yoga room.

It is also home to further&nbsp;amenity, such as private dining spaces and connected environments that offer&nbsp;hotel-style entertaining, ideal for hosting guests.

The low price point in the project, the first in Box Hill designed by the renowned architecture firm Elenberg Fraser, has had buyers of every demographic at the ready. One-bedroom apartments start from as low as $395,000.

[smartcode_project:default project_id=100675 project_image_fid=170523]

Two-bedroom apartments start from $545,000, with three-bedroom apartments ranging from $1,175,000 to $2.23 million. There's a small selection of four-bedroom apartments, which start at $3.98 million.

Completion is set for 2024.

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As the suburb’s cultural diversity and growing appeal have made it one of the more desirable places to live in Melbourne's east, Spring Street has set itself apart in both price and amenity for Box Hill

jordan_55689

How Spring Street apartments are primed to take advantage of Box Hill's future growth plan

Founded as a township in the 1850s, the Melbourne suburb of Box Hill has&nbsp;grown in to a small city in its own right.

In the 1950s, Box Hill was absorbed into Melbourne as part of the eastward expansion. Now the area is home to Melbourne&#39;s&nbsp;tallest high-rise buildings outside the CBD, creating the Victorian capital&#39;s second city just 14 kilometres east of Melbourne&#39;s city centre.

A major transportation hub for Melbourne&#39;s eastern suburbs, Box Hill is home to one of the city&#39;s busiest train stations, located beneath Box Hill Central.

Box Hill&#39;s newest apartment development, Spring Street, has investors and first home buyers looking for value in an area which is only continuing to grow.

Developed by Orion International Group and designed by the award-winning architecture firm Elenberg Fraser, the tower will have 312 one, two and three- bedroom apartments as well as a number of amenities, including a pool, gym and sauna.

[smartcode_project:default project_id=100675 project_image_fid=167528]

Future residents will be within touching distance of a number of amenities, starting from the ground level of the tower, which will home a number of retail and dining options.

Spring St, on the corner of Spring and Nelson Street, is just&nbsp;a couple of hundred&nbsp;metres away from the Box Hill RSL and Bowls Club, adjacent to the Box Hill Gardens, a one kilometre urban park with sports courts, a running track, barbecue areas, ponds, and a playground.

Spring Street is located just across from the Hospital district of Box Hill, with Box Hill Hospital down the street, as well as Epworth Eastern and Eastern Heart Victoria. Just down Whitehorse Road are the Box Hill Library and Police Station.

[smartcode_project:default project_id=100675 project_image_fid=170528]

Spring St is close to a number of Box Hill&rsquo;s most well-known restaurants and cafes, including Fountain&#39;s Licensed Restaurant, Second Wife, Nelson and Dainty Sichuan Food - Box Hill.

A short distance away is the bustling Station Street intersection, home to a part of the Box Hill nightlife with a number of bars and clubs.&nbsp;Box Hill Central, just a short walk, has a number of retailers and is anchored&nbsp;by a Coles.

Educational institutions for all ages are a short distance away, including MONT ALBERT Primary, Our Lady of Sion College, Box Hill High and Box Hill institute.

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Other than the choice location, Spring Street&rsquo;s affordable prices are also contributing to its popularity, with one-bedroom apartments starting from $395,000 and two-bedrooms priced from $545,000, well below Melbourne&#39;s median of $610,000, calculated by CoreLogic.

The generously sized apartments start from 52 sqm for the one-bedroom apartments, with a further eight sqm of balconies. The average size of one-bedroom apartments in Melbourne is sub-50 sqm.

Spring Street is set for completion in 2024.

Set in a quiet and leafy area in the bustling heart of Box Hill, Spring St provides convenient public transport, with the 109 tram, trains and buses nearby, as well as local shops and cafes

Box Hill walking tour: What can I walk to from Box Hill's newest apartment development, Spring St

Located in the heart of Box Hill, Spring Street is the latest Melbourne development delivered by Orion International Group.

Set over 29 levels, the tower is set to include 312 one, two and three-bedroom apartments within a five-minute walk from Box Hill Central.

[smartcode_project:default project_id=100675 project_image_fid=167529]

Designed by Elenberg Fraser, the development delivers a luxury living experience with spacious floorplans and numerous amenities.

Levels three and four boast an indoor pool, sauna and spa, function rooms, game room, private dining room and multifunctional outdoor space.

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A communal terrace sits atop the tower with a rooftop garden, private dining zone, communal barbeque area, outdoor kitchen and entertaining zone.

Urban takes a look at three of the featured floorplans available at Spring Street. Penthouse floorplans are available upon request.

1. Rebirth: Two-bedroom, one-bathroom

<img alt="" height="938" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/two_bed_one_bath_spring_st.jpg" width="1200" />

Located on levels three to 18, Rebirth boasts one and two-bedroom low-rise apartments within the Spring Street project.

This two-bedroom, one-bathroom apartment is set over an internal area of 67 sqm and includes a 9.2 sqm balcony area.

The configuration includes recon stone benchtops, generous storage space, built-in robes and an open-plan living and dining area.

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There are 60 two-bedroom, one-bathroom apartment configurations available in the complex.

2. Rejuvenate: Two-bedroom, two-bathroom

<img alt="" height="964" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/two_bed_two_bath_spring.jpg" width="1200" />

Only available on levels 19 to 26, Spring Street&rsquo;s high-rise range, Rejuvenate presents more luxurious apartments for the discerning buyer.

Set over an internal area of 79.7 sqm, the floorplan displayed is a two-bedroom, two-bathroom residence that delivers a holistic living experience.

This range includes gourmet kitchens with natural stone benchtops, open-plan living and dining, a master-bedroom with ensuite and an 8 sqm balcony.

<img alt="" height="1592" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/springstboxhillapartment_highrisekitchenanddining_final.jpeg" width="2500" />

Other features in the large residence include the choice of warm and cool schemes, engineered timber flooring, and 2.72-metre-high ceilings.

3. Rejuvenate: Three-bedroom, two-bathroom

<img alt="" height="900" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/three_bed_spring_street.jpg" width="1200" />

Also situated on levels 19 to 26, this three-bedroom, two-bathroom residence is one of just 30 available at Spring Street.

Set over an internal area of 118.8sqm, the apartment includes a large open-plan living and dining area with large floor-to-ceiling glass.

Windows enhance natural light while offering views across the surrounding suburbs.

<img alt="" height="1184" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-08-08_at_7.27.51_pm.png" width="1852" />

Bedrooms include built-in robes, and feature forward-looking design trends including wool carpet, porcelain tiles, and the choice between a warm and cool colour scheme.

[smartcode_project_cta: project_id=100675]

Urban takes a look at three of the featured floorplans available at Spring Street. Penthouse floorplans are available upon request.

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Floorplan focus: Uncover the rejuvenating apartments at Spring Street in Box Hill

The Melbourne off the plan prestige market is continuing to see heightened demand.

Two whole-floor apartments in&nbsp;Cbus Property&#39;s exclusive 17 Spring Street residential tower&nbsp;have just sold&nbsp;for a combined total of $25 million, within two weeks of each other.

The Garden Residence, spanning the whole of level 10 with a private 280 sqm plus terrace with landscaping by Paul Bangay, sold even before its marketing campaign.

Following The Garden Residence sale, another whole-floor apartment on the 31st level sold. There&#39;s now just one whole-floor apartment remaining in the whole 73 apartment building.

Adrian Pozzo, chief executive of Cbus Property,&nbsp;said the sales showed that overwhelming confidence in the market remained for well-placed product, despite the challenges generated by the COVID-19 pandemic throughout the past 18 months.

[smartcode_project:default project_id=8666 project_image_fid=77387]

&ldquo;Cbus Property continues to experience strong owner-occupier demand for premium residences in prime locations and our purchasers see immense value in buying at the top end of Melbourne&rsquo;s CBD,&rdquo; Pozzo said.

The $300 million 17 Spring St, architecturally designed by Bates Smart at the end of Spring Street, is set to be built on the 1,270 sqm site that was formally&nbsp;occupied by the Mercure Melbourne Treasury Gardens.

It comprises 73 two- and three-bedroom, and half- and whole-floor residences, each with views overlooking the Treasury and Fitzroy Gardens.

Construction is anticipated for completion in late 2022.

[smartcode_project:default project_id=8666 project_image_fid=77388]

It&#39;s Cbus Property&#39;s second success on Spring Street, having sold out their 35 Spring Street well before its 2017 completion.

Colliers International&nbsp;brokered the whole-floor sales, with their director of residential Brett Griffith&nbsp;saying that despite the challenges brought about by COVID-19 throughout the past 18 months, they cannot keep up with the demand from buyers seeking premium residences in Melbourne CBD&rsquo;s premier streets, such as Spring Street.

&ldquo;Quality apartments from quality developers are extraordinarily resilient in all markets; they very rarely shift or drop in price,&rdquo; Griffith said.

Adrian Pozzo, chief executive of Cbus Property, said the sales showed that overwhelming confidence in the market remained for well-placed product

Melbourne's prestige off the plan apartment market booms with $25 million sales at Cbus Property's 17 Spring Street

Cbus continues construction on 17 Spring Street, a 36-level apartment tower in Melbourne.

Just one apartment remains for sale following its 2019 launch.

There is a $12 asking price for 2901/17 Spring St, Melbourne through Colliers International.

It is an expansive full floor residence with four bedrooms study with views across the Treasury and Fitzroy Gardens, within the heart of Melbourne&#39;s Paris-End.

Designed by architecture firm Bates Smart, the apartment encompasses a total footprint of 478-square-metres, with the living areas and master bedroom flowing directly onto three private terraces.

Completion is expected in 2022&#39;s second half.

The pricing for the two bedders started at $1.9 million following its launch.

<a href="/developments/melbourne-vic?source_news_article_id=105148&amp;ref=news_body_link"><img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/template_photoshop_melbournecbd_9.jpg" width="1200" /></a>

It has 74 apartments.

The complex will have a 25 metre lap pool, wine cellar and residents&rsquo; lounge.&nbsp;

There will be a shared dining room and a wine cellar with a tasting room that is linked to a landscaped outdoor terrace.

There will be a sumptuous lobby on the ground floor and porte cochere.

Architects studied some of Melbourne&rsquo;s most esteemed palazzo stone-faced buildings to design the entrance to the buildings.

The result is a grand entrance greeting the corner of Throssell Lane and Spring Street.

The apartments will feature parquetry oak flooring, custom-designed door hardware and tapware, and granite kitchen benchtops.

Exhibiting quintessentially Spring Street ambience, the living areas, dining and main bedroom connect seamlessly to private terraces

jchancellor

$12 million asking price for last apartment at 17 Spring St, Melbourne

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More than half of Cbus Property's new development, 17 Spring Street, has sold since it launched last month.
The $300 million luxury residential tower designed by Bates Smart has 73 apartments over its 33 levels, although a number of apartments have been amalgamated already.
Construction on 17 Spring Street will commence in September 2019 by the industry super fund backed developer.
Cbus has issued a notice to vacate to Mercure Treasury Gardens, the current site occupant.
Sales so far have been dominated by the local owner-occupier market.
The tower has been proving popular with upgraders already in the city, affluent downsizers and purchasers looking for a new city base.
Cbus Property’s CEO, Adrian Pozzo says 17 Spring will "undoubtedly be the jewel in our crown."
"Purchasers have recognised the unique opportunity offered through 17 Spring Street’s unrivalled location and exclusive offering," Pozzo said.
<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/2019/6/13/17Spring2.jpg" alt=""> The penthouse living space
“We amalgamated a number of apartments at 17 Spring Street prior to launch, creating additional half floor configurations in anticipation for demand for oversized residences, particularly from the downsizer market.
"This strategy has proved successful with strong sales results for larger format apartments within the first month of the project going on market,” Pozzo added.
Brett Griffith, who is handling the marketing, says Spring Street was "highly sought after."
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17 Spring Street will comprise a mix of two and three bedroom apartments, the two beds ranging from 105 to 160 sqm and three beds from 134 to 245 sqm.
There are a number of half and whole floor residences ranging from 245 up to 441 sqm internally.
The penthouse spans 468 sqm and has a 240 sqm terrace and a private pool.
Construction completion is anticipated for mid-2022.
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jrobinson-rf4aSBido9

Cbus Property sells over half of Melbourne's 17 Spring Street

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Jeff Xu’s Golden Age is pushing ahead with its $500 million luxury residential tower on the eastern edge of Melbourne’s CBD.
But he has redesigned the Spring Street project for top-end owner-occupiers.
There are 145 apartments proposed for the 39-storey building.
Surrounded by heritage-listed buildings and overlooking Parliament House, the project has an end value of approximately $500 million that will add a significant bow to Golden Age’s $4.2b portfolio.
The 85 Spring Street project was bought from Grocon who had approval for 225 apartments, after trimming its earlier proposal from 305 apartments over 44 levels when it had failed to gain the green light from Victorian Planning Minister Richard Wynne.
Golden Age has a $4.2 billion residential and commercial portfolio.
Its suggested prices ranging from $698,000 for a one-bedroom up to $8 million for the top three-bedroom in the Bates Smart designed project.
“When undertaking this project we looked at the existing product mix and completely redesigned it for our target market,” Mr Xu told The Australian.
“We set about reducing the number of apartments and making each more spacious with a dedication to additional living, dining and leisure rooms.”
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j.ballantyne1990-6AQqhLzZaK

Golden Age's Spring Street project redesigned for top-end owner-occupiers

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The country's top academic couple, University of Melbourne vice-chancellor Glyn Davis and wife, vice-chancellor at Monash University Margaret Gardner, have sold their Melbourne CBD apartment.
The Bates Smart-designed 35 Spring Street apartment that cost the couple $3.24 million off the plan just last year went to private mid-week auction.
There was price guidance of $3.45 million to $3,795,000.
Abercromby's agents Jock Langley and Sam Goddard have not revealed the price secured for the 34th floor three bedroom, two bathroom apartment that came with two terraces with views that span to the Dandenong Ranges.
Davis and Gardner are well regarded as the ultimate power couple, acting as the vice-chancellor's of two of Australia's largest and most highly ranked and esteemed universities.
Davis has been vice-chancellor and Principal of the University of Melbourne since January 2005 and is the Professor of political science in the faculty of arts.
Gardner has been vice-chancellor of Monash University since 2014 having previously worked at the Royal Melbourne Institute of Technology for nine years in the same role.
She has served in executive positions with Deakin University, Griffith University and Queensland University of Technology.
This article first appeared in The Weekend Australian Mansion Australia section.
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