The new <a href="https://www.apartments.com.au/new-apartments/yarraville-green-42-stephen-street-yarraville-vic-3013">Yarraville Green</a> development in Melbourne's inner west is showing that landscaping can be just as influential as architecture, with buyers responding strongly to the garden-first approach adopted from the outset by developer Excelon Projects and the project's design team.

Excelon appointed Six Degrees Architects and landscape architects SBLA to work collaboratively on the development, with a brief to create "a sustainable, design-led building with a focus on community."

That approach has resonated with buyers. According to Next Chapter Director Tom Hirini, who is leading the sales campaign, the landscaped communal garden has become one of the project's defining features, alongside its boutique scale and European-inspired cluster housing concept.

Local downsizers, right-sizers and established families already living in Yarraville and surrounding suburbs have accounted for the majority of purchasers.

[smartcode_project:default project_id=144913 project_image_fid=297740]

Yarraville Green will comprise 53 homes, including apartments and townhomes, arranged around the shared central garden to maximise connections to the landscaped open space. Parking has been moved underground, allowing the ground plane to be dedicated to greenery, pedestrian movement and communal spaces.

The landscape extends well beyond passive planting. Productive garden beds, a pergola, communal gathering spaces, garden sheds and a pet wash have all been integrated into the masterplan, creating spaces designed to encourage everyday interaction between residents.

[smartcode_project:default project_id=144913 project_image_fid=297741]

The interiors continue Excelon's focus on craftsmanship, incorporating bespoke elements by Melbourne artisans including leadlight detailing by Adadaz, hand-turned timber hardware by Auburn Woodturning and blown-glass lighting by Ruth Allen.

Sustainability has also been embedded throughout the project, with Yarraville Green targeting an average 7-star NatHERS energy rating through passive design principles, rooftop solar servicing common areas and rainwater harvesting for landscape irrigation.

[smartcode_project:default project_id=144913 project_image_fid=297735]

Construction continues to progress at Yarraville Green, with structural works well underway and framing works approaching completion under builder Balmain &amp; Co. The project remains on track for completion in mid-2027.

Apartments at Yarraville Green are currently priced from $625,000, while townhomes start from $1.4 million.

[smartcode_project_cta:default project_id=144913]

Joel Robinson

Garden-led design drives buyer demand at Yarraville Green

National diversified developer Fortis has officially launched Crest &amp; Walker, its latest Brisbane apartment development, with construction now underway on the 20-storey Newstead project.

Award-winning builder BINAH has commenced construction on the Bureau^Proberts-designed building, which will deliver a limited collection of 65 two and three-bedroom apartments on Kyabra Street.

[smartcode_project:default project_id=145922 project_image_fid=373556]

The project marks Fortis' fourth active residential development in Brisbane, following River House, which is nearing completion, alongside projects in New Farm and Hamilton as the national developer continues to expand its South East Queensland pipeline.

Fortis General Manager – Development Queensland Dan Boman said Crest &amp; Walker reflects the developer's long-term commitment to delivering design-led residential projects in Brisbane's established inner-city suburbs.

"We're proud to be strengthening our presence in Brisbane with Crest &amp; Walker, particularly in such a sought-after lifestyle destination as Newstead," Boman said.

"Every Fortis project is shaped by its context, and we approach each one with the respect and care it deserves.

"Our focus is always on creating places that feel connected to their neighbourhood and elevate the everyday experience for residents. Newstead continues to evolve as one of Brisbane's most sought-after urban communities, and Crest &amp; Walker reflects our ambition to contribute meaningfully to that story."

[smartcode_project:default project_id=145922 project_image_fid=373559]

Positioned between Gasworks Plaza and James Street, <a href="https://www.apartments.com.au/new-apartments/crest-walker-newstead-12-kyabra-street-newstead-qld-4006">Crest &amp; Walker</a> has been designed as a boutique residential address offering privacy and generous living spaces within one of Brisbane's most established lifestyle precincts.

The building features a contemporary brick podium softened by integrated landscaping, while the upper levels are characterised by restrained architecture and enduring materiality. Interiors have been designed to maximise natural light, acoustic performance and long-term liveability.

[smartcode_project:default project_id=145922 project_image_fid=373583]

Residences comprise spacious two and three-bedroom floorplans, with two-bedroom apartments priced from $1.55 million and three-bedroom, half-floor residences from $3.95 million.

Residents will have access to a wellness-focused rooftop featuring a swimming pool, sauna, steam room, landscaped dining spaces and outdoor lounge areas overlooking Newstead and the Brisbane CBD.

[smartcode_project:default project_id=145922 project_image_fid=373571]

Sales are being managed by Slaite Projects, with Fortis expecting strong demand from owner-occupiers seeking a high-quality, design-focused apartment in one of Brisbane's most tightly held inner-city suburbs.

Completion of Crest &amp; Walker is slated for late 2028.

[smartcode_project_cta:default project_id=145922]

Fortis expands Brisbane pipeline with launch of Crest & Walker in Newstead

The enormity of delivering a true skyscraper in Australia's new development market is often overlooked.

It has taken the best part of a decade since plans for Chevron One were first unveiled, but the 41-storey tower is now complete, with residents collecting their keys and moving into what has become one of the Gold Coast's most recognisable new landmarks.

Rising 127 metres above Chevron Island, Chevron One stands almost twice as high as any other building on the island. Its scale places it alongside the trio of towers at Jewel, arguably the last truly significant addition to the central Gold Coast skyline when they were completed around six years ago.

While there are several developments underway around a similar height to Chevron One, they are more concentrated within clusters of the highest towers in the city. The fact Chevron One sits within a developing precinct, looking back at the other high-rise developments in Surfers Paradise and Broadbeach, makes it a different proposition altogether. It will certainly become a reference point on the Gold Coast skyline.

[smartcode_project:default project_id=6515 project_image_fid=68833]

Developer Bensons Property Group is behind the 41-storey tower, which has 229 apartments, along with an exhaustive list of resident amenity spread across what is the largest development site ever assembled on Chevron Island.

The tower has been the talk of the town for years, says Ray White Projects Gold Coast agent Caitlin Rosenboom, who is selling the remaining apartments.

"People have been watching Chevron One go up for years," Rosenboom says, adding that many prospective buyers have been surprised by the scale of the views once they step inside.

"It's only when they walk through a completed apartment that they truly understand the position of the building," Rosenboom says.

"The views are jaw-dropping. Whether you're looking east over the ocean, across Surfers Paradise, along the river systems or out to the hinterland, every level offers something different but equally impressive."

[smartcode_project:default project_id=6515 project_image_fid=360215]

One of Chevron One's defining advantages is its location on the eastern side of Chevron Island on Stanhill Drive, a position which protects the views forever.

"There's only one row of houses between Chevron One and the water, and the height restrictions along the river means views from Chevron One can never be built out,"&nbsp;Rosenboom says.

While new apartment developments continue to emerge across the Gold Coast, Rosenboom says opportunities to secure a completed apartment with this level of outlook are becoming increasingly rare.

"The size of the site is something that would be incredibly difficult to replicate today," she says.

"That's allowed Chevron One to deliver the sort of amenity, open space and resident facilities that very few projects can offer. There are not many completed apartment buildings on the Gold Coast right now that can compete with the combination of scale, quality and amenity."

[smartcode_project:default project_id=6515 project_image_fid=68839]

There's around 2,000 sqm of amenity solely for the use of residents of Chevron One. Club One features a uniquely shaped swimming pool that mirrors the footprint of the building itself, set within a extensively landscaped gardens. There's also an indoor pool and spa, a fully equipped gym with a Pilates room, a yoga garden, a bookable private dining area and lounge that can host up to 30 people, and a 24-hour concierge service.

As for the buyers, Rosenboom is fielding enquiry from everywhere: Sydneysiders and Melburnians looking at the new and off-the-plan market following the changes in the Federal Budget, as well as those looking to relocate, through to South East Queenslanders seeking either a permanent home or a weekender bolthole.

"The Gold Coast lifestyle continues to resonate with people relocating from the southern states, and when they see the views and the quality of what's been delivered at Chevron One, it becomes very easy for them to understand the appeal," Rosenboom says.

A diverse mix of one, two and three-bedroom apartments remain available, with each offering "something a little different", be it the orientation and views, configuration, or level, to suit a wide variety of buyers.

The remaining apartments are ready to inspect in person, by appointment.

[smartcode_project_cta:default project_id=6515]

A decade in the making: Residents to move into Chevron One as construction wraps up

A general rule of thumb in new apartment developments is that the penthouses get the rooftop.

It's a formula that's become commonplace across Australia's apartment market. Residents might have access to a pool, gym or barbecue facilities on a dedicated lower level, but the most desirable outdoor spaces are typically reserved for the highest-priced homes at the top of the building.

<a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Property Group</a> has taken the opposite approach.

Rather than dedicating the rooftop to a handful of buyers, the Gold Coast developer has made it the centrepiece of its Flourish collection, creating expansive shared spaces from the best vantage point in the building.

The philosophy has reached its most ambitious expression at <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> in Palm Beach, where two rooftop precincts connected by a skybridge will deliver one of the most extensive lifestyle offerings seen in a residential apartment project on the Gold Coast.

[smartcode_project:default project_id=150017 project_image_fid=374053]

"We're seeing a clear move toward developments that offer more than just an apartment," Sherpa Group founder Christie Leet said.

"People want spaces that support how they actually live, whether that's working from home, staying active, or spending time with family and friends.

"That's where amenity becomes critical. It's not just about what's included, but how those spaces are designed to be used every day."

[smartcode_project:default project_id=150017 project_image_fid=374052]

The breadth of amenity has already attracted buyers across multiple demographics. Younger first home buyers have been drawn to Soleira's one-bedroom apartments, a product rarely delivered in Palm Beach, while families have responded to practical inclusions such as the shallow children's pool adjoining the main lap pool and the extensive communal recreation areas.

Instead of a single rooftop, Soleira delivers two distinct lifestyle zones.

[smartcode_project:default project_id=150017 project_image_fid=372547]

The southern rooftop has been dedicated to wellness, featuring a gym, yoga and Pilates studio, work-from-home facilities, a wellness centre, spa, and hot and cold plunge pools.

The northern rooftop focuses on recreation and entertaining, incorporating a heated resort-style pool, private dining rooms, pizza ovens, barbecues, a golf simulator, children's recreation areas, and what is expected to be the Gold Coast's first rooftop basketball court, which will also double as a squash court.

[smartcode_project:default project_id=150017 project_image_fid=374054]

Beyond the rooftops, Soleira will introduce 1,500 sqm of curated retail beneath the towers, creating one of Palm Beach's first genuinely mixed-use lifestyle precincts where cafés, restaurants and convenience retail become part of residents' everyday lives.

Sherpa has also retained management rights across the development, allowing it to oversee the long-term operation of the building through a 24-hour concierge model. The developer is also exploring additional revenue streams within the precinct aimed at helping offset ongoing body corporate costs for residents.

[smartcode_project:default project_id=150017 project_image_fid=370962]

While Soleira is the largest project Sherpa has delivered, the rooftop-first philosophy has been evolving for several years.

It began with <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>, the first project released under the Flourish brand. Rather than competing at the ultra-luxury end of the market with oversized half-floor and full-floor residences, Sherpa focused on creating lifestyle-driven apartments supported by resort-style shared spaces.

Amargo introduced more than 800 sqm of rooftop amenity, combining wellness facilities, heated pools, entertaining areas, cabanas, pizza ovens and private dining spaces into what was designed as an extension of residents' homes rather than a facility used only occasionally.

[smartcode_project:default project_id=146527 project_image_fid=366550]

That approach continued with Flourish Oasis, where the same amenity-led philosophy was refined into a more boutique development. Strong demand from Sherpa's growing VIP database saw much of the project sold before it reached the broader market, reinforcing buyer appetite for apartment communities centred around shared lifestyle experiences.

Flourish Amargo is slated for completion mid-way-through next year, with Oasis to be delivered by late 2027. Flourish Soleira is expected to complete in 2030.

[smartcode_project_cta:default project_id=150017]

Sherpa takes amenity to the sky as Flourish Soleira captures booming Palm Beach demand

As apartment living continues to evolve across Sydney's growth corridors, the quality and distribution of shared spaces is increasingly shaping how residents experience home. Rather than functioning as add-ons, amenities are being embedded into the daily rhythm of a building, supporting everything from quiet retreat to social interaction, often within a single vertical community.

At <a href="https://www.apartments.com.au/new-apartments/aeris-melrose-park-nursery-street-melrose-park-nsw-2114">Aeris</a> in Melrose Park, this approach is resolved through a layered amenity offering that unfolds from ground level through to its upper podium. Developed by <a href="https://www.apartments.com.au/developers/sekisui-house-australia">Sekisui House Australia</a> in partnership with Hankyu Hanshin Properties, the project introduces 468 apartments across two towers and a mid-rise building, positioned at the highest point of the broader masterplan.

[smartcode_project:default project_id=426 project_image_fid=359199]

The amenity experience begins at street level, where two courtyards sit within a landscaped setting that connects residents to the wider network of parks and green spaces. These green spaces are not isolated pockets but part of a wider pedestrian network that links Aeris to the surrounding <a href="https://www.apartments.com.au/developments/melrose-park-nsw-2114">Melrose Park</a> precinct, including Central Park, future schools, and the Town Centre opening in July 2026. The result is a transition that moves from public to private without abrupt boundaries, allowing residents to pass through shaded, tree-lined environments before reaching the building itself.

Moving upward, the focus shifts to the level five podium, where the primary communal facilities are concentrated. This space brings together a 16-metre swimming pool, outdoor seating areas, and a communal BBQ zone arranged to take advantage of elevated outlooks. Seating is positioned beneath pergolas, creating pockets of shade that extend the usability of the space throughout the day. The pool edge aligns with views toward the wider district, reinforcing the sense of elevation that defines the project’s positioning.

In the adjacent building, this is complemented by quieter, more contemplative spaces, including an outdoor cinema set within the same level. Positioned to operate primarily in the evening, it introduces a different tempo to the shared environment, shifting from daytime activity to after-hours use without requiring separate zones.

[smartcode_project:default project_id=426 project_image_fid=360299]

The podium also accommodates an intimate private resident gym. Located on the lower levels, it gives residents convenient access to fitness facilities without leaving the building.

Above, the elevated podium sky deck extends the amenity offering, providing additional open-air spaces with elevated outlooks across the surrounding landscape. While more restrained in program, this upper level reinforces the project’s vertical progression, from ground-level greenery to elevated outlook, allowing residents to move between distinct spatial conditions within a single address.

This distribution of amenities reflects a deliberate response to how residents use space across the day. Sekisui House Australia Sales and Marketing Director Peter Kalaf points to the role these shared areas play in shaping buyer demand. Aeris has been conceived as more than a collection of apartments, with the podium pool, gym and outdoor cinema forming part of a broader lifestyle offering that extends the home beyond each individual residence.

[smartcode_project:default project_id=426 project_image_fid=360300]

What distinguishes Aeris is not the inclusion of these elements individually, but how they are arranged in relation to one another. Active, social, and passive spaces are layered vertically rather than separated, allowing residents to choose between them without leaving the building or moving far from their apartment. This proximity supports both routine use, such as a morning swim or evening workout, and more occasional gatherings, whether around the BBQ area or within the cinema setting.

The amenity design also sits within a broader framework of connectivity across Melrose Park. The Melrose Park Town Centre, anchored by Coles and Dan Murphys, features a mix of retail, dining, health and lifestyle offerings, bringing everyday convenience closer to residents. By the end of the year, more than five hectares of parks and open space, equivalent to around seven football fields of green space on residents' doorstep, will further enhance the precinct, allowing the internal facilities at Aeris to operate as an extension of the wider neighbourhood rather than a substitute for it.

Construction at Aeris continues to gather momentum, with ground floor slabs expected to be completed in late 2026 before the first sections of the buildings begin to rise above ground.

[smartcode_project_cta:default project_id=426]

Elevated amenity anchors daily life at Aeris, Melrose Park

Surry Hills

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A converted Surry Hills warehouse has been listed.
The approximately 797 square metres property at 19 Foster Street comprises circa 3,154 square metres of NLA.
The property is 100 percent let, with a WALE of 2.4 years (as at 1 September 2018).
It has dual street frontage to Foster Street and Wentworth Avenue. 
The industrial-style space was refurbished in 2013 with high ceilings, polished concrete floors and exposed brickwork.
It has been listed for sale through Knight Frank’s Jonathan Vaughan and John Bowie Wilson, with Karbon Property’s James McCourt and Joshua Watts, on behalf of Security Capital Australia. 
Vaughan said commercial properties in the area are tightly held.
“Substantial office buildings in Surry Hills are highly sought after by investors as they don’t come to market very often and we are continuing to see an increase in interest in the city fringe, with a number of groups now undertaking active city fringe buying strategies,” Vaughan said.
“Further, the asset’s favourable lease expiry profile and low rental base will provide an incoming owner the opportunity to add significant value by leveraging one of the most sought after leasing markets in the country.
“With opportunities such as these hard to come by and the asset catering to a generational shift in the occupier market, we expect the industrial-style creative space will draw significant interest from local and offshore investors.”
McCourt said the Sydney city fringe area had the lowest vacancy rate of any commercial market in Australia.
“The vacancy rate in Surry Hills has been contracting for three consecutive years as it has become the number on destination for the growing TAMI sector.
“As a result vacancy in the city fringe area was sitting at around 3% relative to 4.6% in the Sydney CBD, as at January 2018. 
“The falling vacancy rate combined with growing demand and limited supply has led to substantial growth in prime rents in recent years.
“This provides the incoming owner with the opportunity to benefit from a substantial reversionary uplift in 19 Foster Street.”
The expression of interest campaign is set to close at 4pm on Wednesday 31 October.
 
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Converted Surry Hills warehouse office building listed

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The $60 million makeover set to transform a derelict service station in Sydney into a luxury retail and residential apartment building has been unveiled by AVID Property Group (AVID).
The six-storey project on Flinders Street, The Rathbone, will reference Surry Hills’ past.
AVID Property Group CEO Cameron Holt said the name and the aesthetics were a tribute to the Rathbone Terraces that were a feature of the Surry Hill surrounds in the early 1900s.
“AVID is aiming to achieve a high sustainability score for The Rathbone, which means, where possible, we’ll be including materials with a high level of recycled content, low volatile organic compound paints, natural ventilation, and extensive landscaping,” Holt 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/2018/9/10/The%20Rathbone%20living%20and%20balcony.jpg" alt="">
AVID anticipates construction for The Rathbone will commence by early 2019, with completion expected mid-to-late 2020.
There will be a number of retail spaces on the ground floor, and 28 luxury apartments.
The project will comprise of one, two and three-bedroom apartments and include single and multi- level designs that will incorporate open plan living areas to make the most of natural lighting.
The project marks AVID’s debut into the Sydney apartment market.
The design team for the project includes architecture firm Scott Carver, SJB Interiors and specialist branding agency, The Property Agency.
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AVID's Sydney debut with luxury Surry Hills apartments

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One of the apartments in the boutique low-rise Surry Hills project On Bourke has sold for $2.9 million.
The William Smart-designed complex, made up of just four whole floor apartments, are set to launch to the market in the next two weeks through BradfieldCleary agent Mark Daley.
The prices for the three remaining apartments range from $2.25 million to $2.6 million.
The proposed top storey of the building appears like a continuation of the neighbouring terrace house chimneys.
The facade has also continuity with its surroundings, with a dark bronze fence and balustrades referencing the metal fretwork of the nearby terraces.
Smart knows the area well. His office is just up the road from the Bourke Street project, and after the 2004 conversion, lives in the penthouse apartment above.
Caplis bought <a href="https://maps.google.com/?q=471b+Bourke+Street+Surry+hills&amp;entry=gmail&amp;source=g" target="_blank">471b Bourke Street</a> in 2016. 
Off form concrete ceilings bring practical and visual benefits to the project.
The high end finish performs well thermally and allows maximum ceiling heights to be achieved while keeping the overall building height down.  
It will have minimal and elegant interiors, curved living spaces, oak timber floorboards, wool carpets and traditional hard set plaster finishes.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/7/12/smart2.jpg" alt="">
The bathrooms evoke a luxury hotel feel, with stone mosaic curved walls, recessed pelmet lighting and metallic highlights.
Developer Luke Caplis at Freehold Capital has witnessed the drift in buyer desire to smaller, boutique developments with a recent project.
"After buying and developing an old mechanic workshop on the corner of Liverpool and Riley street in Darlinghurst, I discovered the market was strong for high end apartments that stuck out from the everyday norm," Calpis said.
That project, called The Riley, was a conversion of the warehouse designed by SJB Architects, where prices hit $2.43 million.
Each had three levels and a rooftop pavilion with the master bedroom and terrace.
Caplis engaged the William Smart for the project after he spotted his award winning work on Indigo Slam, the Chippendale warehouse residence of Judith Neilson, the art dealing founder of the White Rabbit Collection.
The $8 million warehouse space was formerly the Simona fashion HQ before its conversion by Smart, whose intention was to provide the emerging urban precinct with a piece of interesting architecture.
Caplis's boutique Bourke Street project will have four whole floor apartments, with the overall height of the building not disturbing the historic streetscape.
"I enlisted William Smart to create something that simply does not exist in Surry Hills," Caplis said.
Smart has been involved in inner-city low-rise boutique apartment projects, which are quickly becoming the preferred apartment choice for many buyers, for almost two decades.
Essentially built to resemble living in a house more than an apartment, these low-rise development embrace a sense of neighbourhood community, rather than the hotel-like feel of residential skyscrapers.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/7/12/smart3.jpg" alt="">
Born in New Zealand, and raised in rural Western Australia, Sydneysiders have got to know of William Smart's works since the late 1990s when he worked on the award-winning Olympic Park Rail station.
For the prior five years, he had been working for Gersau Architecture, a small architectural firm in the south of France, and with Foster and Partners in London. Smart turns 50 later this month.
The avowed Modernist has received critical acclaim with awards including the AIA Robin Boyd Award and AIA Wilkinson Awards for Residential Architecture, the World Architecture Festival INSIDE Award for World’s Best Residential Interior and numerous national interior design awards.
In 2017, at the Asia Pacific INDE Awards, founder William Smart was named winner of The Luminary, recognising the “ongoing contribution of an industry icon, whether casting a long shadow across many disciplines or excelling ahead of the pack in one”.
He founded Smart Design Studio in 1997 and has over 35 staff. He currently lives above his sandstone offices, with plans to relocate his home and practice to more industrial premises at Alexandria.
Smart had previously lived at one of his earliest projects, a 40 square metre Springfield Avenue apartment in Kings Cross.
As a first home buyer he paid $223,000 in 2002, selling for $478,000 in 2012. It featured in the 2004 book, 50 of the world's best apartments.
Dubbed Smart Apartment, it was a low-budget renovation of a one bedder in the Sandringham building which incorporated a sliding "art wall" by Tim Richardson. 
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William Smart-designed On Bourke in Surry Hills gets first sale

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Collette Dinnigan is looking at selling her longtime Surry Hills headquarters.
The <a href="/developments/surry-hills-nsw-2010">22-24 Hutchinson Street</a> has been proposed for a $6.9 million conversion into 11 apartments by the O'Neil eastern suburbs developer family outfit, Addenbrooke. 
She bought the business’ current headquarters for $1,225,000 in the late 1990s.
Dinnigan's main focus now is on launching Bespoke Homes, the luxury rental platform she's developing with her husband, hotel and tourism entrepreneur Bradley Cocks.
They've already gathered a number of properties, including a <a href="/news/colette-dinnigan-secures-400-year-old-puglia-italy-farmhouse">400 year old farmhouse in Italy.</a>
<a href="/news/colette-dinnigan-secures-400-year-old-puglia-italy-farmhouse">She's recently secured the sale of her </a><a href="/news/colette-dinnigan-secures-400-year-old-puglia-italy-farmhouse">flagship store on William Street.</a>
 
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Collette Dinnigan looks to sell Surry Hills HQ to O'Neil family

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Sydney property developer Michael Teplitsky has sold a Surry Hills hotel site off market to Golden Age Group.
There are plans to convert it into a luxury hotel, which has preliminarily been named 'The Treehouse.'
Teplitsky had plans for a hotel at the Wentworth Avenue address which homes the derelict Key College House. The Tyne House premises date back to 1916 with the innovative glazed facade set to be retained.
The 2016 plans would have seen architecture firm Bates Smart add six floors atop the building as part of the conversion to a 19 level mixed-use hotel and apartment development which was dubbed 8Hotel.
The new plans from the Melbourne-based Golden Age group propose a 19-storey hotel-only development with 287 rooms.
There will be a ground floor restaurant/cafe, bar and lobby, as well as a rooftop bar.
Golden Age chief executive Jeff Xu told the AFR they are confident in the hotel market in Sydney and Melbourne.
The purchase comes after Golden Age and Starwood Capital, Golden Age's capital and funds management division, formed a $600 million alliance last year to develop a luxury apartment and hotel complex on Melbourne's Spring Street.
Golden Age bought the site from Grocon.
Wentworth Avenue has seen a number of conversions in recent years, most notably across the road where the Griffiths Tea building was converted into luxury apartments.
Prices in the block fetched as high as $4 million off the plan, but have struggled to onsell at similar prices.
 
 
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Surry Hills hotel site snapped up by Golden Age

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One of Sydney’s most exciting and iconic retailers has bid farewell to the once thriving fashion destination of Surry Hills as the suburb continues its transformation to a food destination. 
Gunning leasing agents, Anthony Tsapicounis and Alberto Da Grava said the iconic retailer Wheels &amp; Doll Baby called it quits after 30 years in the prominent location of <a href="https://www.realcommercial.com.au/property-retail-nsw-surry+hills-502609750" target="_blank">259 Crown Street, Surry Hills.</a>
“A combination of factors has contributed to the change in focus for the area,” they 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/2018/5/14/wheels2.jpg" alt=""> “Surry Hills has seen a shift from what once was a working class industrial suburb, into a technology and media hub, with specialist food precincts attracting a diverse mix of people.
“The gentrification of the inner city has changed consumers needs and wants. Fashion retailers and in particular the on-street boutique retailers have been severely impacted by the rise of online shopping as well as the renovation of Pitt Street Mall and Bondi Junction. 
“A new 5 x 5 lease to a superfood café chain at a gross rental of $1,000 sqm at 259 Crown Street, Surry Hills cements this trend,” they said.
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Food outlets rule as Wheels & Doll Baby says goodbye to Surry Hills

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The Surry Hills creative HQ and home of innovative food photographer Geoff Lung has sold ahead of its auction.
Lung, one of Australia's leading hotels and resorts, food, travel, interiors and lifestyle photographers, has been based in the New York style warehouse since the early 1990's.
Ivan Bresic and Shannon Whitney at BresicWhitney have the Foster Street offering with $3.2 million hopes, but it is understood to have sold at $3.5 million plus. 
The mixed-use space, which includes a two bedroom apartment that spans the entire second level, sits on the second floor of Surry Hills' iconic 1920's Edwards &amp; Co tea warehouse.
It was once the administration floor. Tea was hoisted up to the upper floors and dropped down a central chute to horse and carts for delivery.
The sign atop the facade remains in red and white glazed bricks built into the parapet.
The minimalistic property with industrial kitchen spans 210 sqm of floor space, not including mezzanines, with rows of floor to ceiling original windows. It's the only space in the building with five metre ceilings. 
This article was first published in the Sunday Telegraph.
 
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Edwards & Co tea warehouse apartment on Foster Street, Surry Hills sells

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A Surry Hills 300 square metre office plus single level warehouse conversion has been listed for sale for $1.75 million to $3.5 million by DB Property.
The property at <a href="https://www.realcommercial.com.au/property-offices-nsw-surry+hills-502700186" target="_blank">6-7, 50 Reservoir Street</a> features 168 square metres to 335 square metres of office/showroom space, kitchen, shower and bathroom amenities, as well as timber floors.
It can be sold separately or in one line.
The short-term lease expires end of July 2018.
The current outgoings are approximately $28,995 per annum, including strata levy, council and water rates.
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Surry Hills whole floor warehouse conversion for sale

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Online publisher Jackie Maxted headlines the buyers in the settlement of the iconic Griffiths Tea Surry Hills warehouse conversion.
Maxted, who founded the Beauty Heaven website, paid $4 million for one of the penthouses in the now New York-style Federation warehouse apartments.
The two-storey, three bedroom penthouse, is one of seven.
The landmark Wentworth Street building is the $37 million development of the Cornerstone Property Group. It now comprises 39 apartments designed by PopovBass architects.
BresicWhitney are marketing some of the apartments that didn't sell in the building that had laid empty for 30 years.
In 2015 Maxted recently paid $4.55 million for one of Bondi Beach's rare original sandstone cottages.
The purchase came shortly after Beauty Heaven Group was bought by Bauer Media.
This article was first published in the Saturday Daily Telegraph.
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Online publisher Jackie Maxted buys in Griffiths Tea conversion

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A boutique freehold warehouse in Surry Hills has been listed in a prime location in the Sydney city fringe suburb.  
The property, <a href="https://www.commercialrealestate.com.au/property/12-14-little-riley-street-surry-hills-nsw-2010-2014159716">12-14 Little Riley Street</a>, is an underdeveloped traditional two-storey warehouse spanning 217 square metres.
With clear open floor plates, it has potential for repositioning into a high quality residence, or as continued commercial office space. 
The property has been listed through Knight Frank’s Demi Carigliano and Adam Bodon.
There are $2.3 million expectations.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/2/13/12-14%20Little%20Riley%20Street%20interior.jpg" alt="">
 The property will be auctioned on site on March 17.  
It last sold at $480,000 in 1995.
Its proper owners include George Seper.
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