<a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> has lodged plans for a $750 million, three-tower mixed-use precinct that would complete the long-running redevelopment of Carlton's former Carlton United Breweries site.

The proposal at <a href="https://www.apartments.com.au/new-apartments/185-195-queensberry-street-carlton-vic-3053">46-78 Bouverie Street and 185-195 Queensberry Street</a> spans a 6,468 sqm site, the last remaining undeveloped parcels within the former brewery's 2007 masterplan.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the development will comprise two purpose-built student accommodation towers and a third build-to-sell apartment tower above a shared commercial podium and basement.

Across the three towers, SP Setia is proposing 606 build-to-sell apartments and 1,499 student accommodation units containing 2,009 beds.

The apartments will sit in the tallest tower, which will rise nearly 200m and 55 storeys. It will become&nbsp;one of the more substantial new build-to-sell apartment projects at the northern edge of Melbourne's CBD.

The apartment mix is weighted toward smaller inner-city product, with 188 studios, 206 one-bedroom apartments, 192 two-bedroom apartments and 20 three-bedroom apartments

<img alt="First look: SP Setia plans three-tower finale for Carlton’s former CUB precinct" data-entity-type="file" data-entity-uuid="8271bc87-1b0a-41b7-ac73-a425ee375261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3_2.png?VersionId=G4lw23o90B1boX4k4dj7rdz2ZEajS9wy" />

Part of the precinct will be a large-scale&nbsp;3,684 sqm supermarket and a further 2,198 sqm of speciality retail, creating close to 5,900 sqm of new commercial space within the precinct.

But one of the biggest components of the proposal is what sits between the buildings.

Around 4,650 sqm, or roughly 72 per cent of the site, will be publicly accessible open space, incorporating plazas, pedestrian connections, landscaped laneways and retail spill-out areas.

The ground plane is intended to finally complete pedestrian connections envisaged when the CUB masterplan was first approved nearly two decades ago, stitching together Victoria Street, Queensberry Street, Bouverie Street and Swanston Street through the former brewery precinct.

Urbis said the development would "complete the CUB precinct", with the public realm providing important north-south and east-west connections through what is currently the final undeveloped portion of the masterplanned site.

SP Setia is also exploring a new linear park within the Bouverie Street road reserve, with the concept to be developed further with the City of Melbourne through the planning process.

The proposal is being pursued through the Victorian Government's Development Facilitation Program under Clause 53.23 for significant residential development with affordable housing.

The planning report acknowledges the proposed heights exceed those contemplated under the original Comprehensive Development Plan and masterplan, but argues the built-form context has changed considerably over the past two decades.

Urbis said the three towers would instead create a stepped transition between Carlton and the Hoddle Grid, rising progressively from the 94.1-metre Tower One along the Queensberry Street edge to the 199.44-metre Tower Three closer to the established CBD-scale buildings to the south.

<img alt="SP Setia" data-entity-type="file" data-entity-uuid="e885a07a-592c-40fc-bf82-e6dbaf32da54" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.52.24%E2%80%AFAM.png?VersionId=7s_ErUkSKAdY1mAWp3GRZgMNCGtwhk5m" />

SP Setia plans to deliver the development across three stages.

Stage One would deliver the basement, podium and retail areas for the entire precinct alongside the first student tower. Tower Two would follow in Stage Two, before the 606-apartment Tower Three is delivered as the final stage.

If approved and delivered, the project would close out a redevelopment process that has been underway since the former brewery masterplan was approved in 2007, adding more than 2,600 student beds and apartments to a precinct already home to Swanston Central, the Barak Building, RMIT Design Hub and several large student accommodation developments.

&nbsp;

&nbsp;

Joel Robinson

SP Setia plans three-tower finale for Carlton’s former CUB precinct

Melbourne developer Lowe Living is seeking to add to its growing bayside apartment pipeline, filing plans for a boutique eight-residence development in tightly held Middle Park.

Lowe Living, which has built much of its development portfolio across Melbourne's affluent bayside and south-east suburbs, is behind the plans for the 730 sqm site at <a href="https://www.apartments.com.au/new-apartments/123-125-erskine-street-middle-park-vic-3206">123-125 Erskine Street</a>, just off Armstrong Street and within the Armstrong Street Neighbourhood Activity Centre.

The developer is seeking approval for a five-storey residential building above two basement levels, with just eight large-format apartments and 18 car spaces.

“This is a deliberately very different proposition for us,"&nbsp;Tim Lowe, Co-Founder of Lowe Living, said.

"Eight residences is exceptionally boutique, but that's precisely what this site calls for.

“There is a strong community in Middle Park and the surrounding suburbs who have spent decades building a life here. They no longer want the maintenance of a large period home, but they aren't prepared to compromise on space, quality or location. We think there is a real opportunity to capture that hyper local market. A site like this rarely comes to market.”

<img alt="Lowe " data-entity-type="file" data-entity-uuid="875fe572-0f14-4d90-9e11-55b28dd07731" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.42.49%E2%80%AFAM.png?VersionId=GDNQRv9BfpR9r1zkZ5UDyUM4ZvpIksut" />

The low-density proposal has been designed by Cera Stribley and is being progressed through the Victorian Government's Great Design Fast Track pathway, having already secured eligibility from the Minister for Planning.

The Office of the Victorian Government Architect supported its eligibility after finding the proposal demonstrated consistency with the program's seven design principles, while the project's financial feasibility has also been independently confirmed by Invest Victoria.

The project is targeting the downsizer market, with the planning documents describing the homes as larger-format residences and noting the two penthouses could otherwise have been configured as four separate apartments.

<img alt="Lowe 2" data-entity-type="file" data-entity-uuid="60ab0987-2da6-4175-adac-315dcf6053c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.15%E2%80%AFAM.png?VersionId=bOCPH0B2MFwlmaRW.TTCF9TzyifgVoQI" />

The site has dual frontage to Erskine Street and Canterbury Place and currently comprises a collection of commercial buildings used as offices, including a former heritage bakehouse, a former stable, a later gabled addition and a central courtyard.

It sits within the Commercial 1 Zone and the Armstrong Street Commercial Precinct heritage overlay, with the existing property classified as a contributory heritage place.

Heritage has subsequently played a significant role in Cera Stribley's design.

The front section of the former bakehouse facing Erskine Street will be retained, including its return walls, street-facing hipped roof and chimneys, while the Erskine Street façade and part of the western return wall of the former stable will also be incorporated into the new development.

Levels four and five will be set back five metres from the retained stable façade, while bricks removed through demolition are proposed to be salvaged and reused within the new building where possible.

<img alt="Lowe 3" data-entity-type="file" data-entity-uuid="e97927a9-a2de-4a0f-83b6-65451238abfa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.06%E2%80%AFAM.png?VersionId=VR44AChLrX9q1XPB9GvVQV.ALXXbe4gC" />

Rather than presenting as a single five-storey building to Erskine Street, Cera Stribley has broken the development into a series of distinct forms.

A three-storey infill element will sit between the retained bakehouse and stable façades, with the upper levels recessed behind the heritage fabric. Canterbury Place will similarly feature two three-storey podium forms, separated by a central pedestrian accessway, before the upper two levels step back from the street.

A pedestrian through-link will run through the centre of the project between Erskine Street and Canterbury Place, creating entrances from both sides of the site and introducing landscaping and communal areas through the ground plane.

Landscape architect Acre has designed planting across the ground level, private terraces and upper levels, including a feature canopy tree at level three and integrated planting and arbours across the level four terraces. Five existing Erskine Street trees are proposed to be retained.

Sustainability is also a significant component of the Great Design Fast Track application. The apartments are targeting an average eight-star NatHERS rating, with no residence below 6.5 stars, while the project has achieved a 75 per cent BESS score. Seven of the eight apartments are designed for cross-ventilation, with the remaining residence using mechanically assisted natural ventilation.

The plans also incorporate an 8kWp rooftop solar system, a 5,000-litre rainwater tank and infrastructure allowing future electric vehicle charging for every residence.

Lowe has a strong portfolio across Melbourne's blue-chip suburbs. They recently launched <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House by Lowe Living</a> in Camberwell, their first development in the Stonnington LGA.

Lowe Living unveils Middle Park apartment development

Article summary

<ul data-end="888" data-start="289">
	<li data-end="442" data-section-id="8tsh6o" data-start="289">DVB Projects is preparing to launch its second Gold Coast apartment development, with demolition now underway at 137 Old Burleigh Road, Broadbeach.</li>
	<li data-end="573" data-section-id="1nyxl3e" data-start="443">The 34-level tower will comprise just 49 ultra-luxury residences, including half-floor, full-floor and penthouse apartments.</li>
	<li data-end="717" data-section-id="oiyimj" data-start="574">The launch follows strong demand at DVB's nearby Sea Glass project, which is more than 50 per cent sold and currently under construction.</li>
	<li data-end="888" data-section-id="epk9o9" data-start="718">The development adds to the transformation of Old Burleigh Road, with premium beachfront apartment projects continuing to reshape the tightly held Broadbeach strip.</li>
</ul>

<a href="https://www.apartments.com.au/developers/dvb-projects">DVB Projects</a> is preparing to launch its second Gold Coast apartment development, with demolition now underway on the Broadbeach site as the Sydney developer moves closer to bringing the ultra-luxury project to market.

The 34-level tower at <a href="https://www.apartments.com.au/new-apartments/137-old-burleigh-road-broadbeach-qld-4218">137 Old Burleigh Road</a> will comprise just 49 residences, ranging from half-floor apartments through to full-floor homes and a penthouse. The launch follows the strong sales performance of DVB's nearby Sea Glass development. More than half of the apartments at Sea Glass, on the other side of Broadbeach, have been snapped up, well ahead of its late 2027 completion

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="2944b4be-c84e-4b54-8dc1-c712e76704c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E02_Exterior_Street%20Level%20Entrance.jpg?VersionId=YoNig7pRdrE3HCue7sUj78LzJteeQf3H" />

The start of demolition at 137 Old Burleigh Road signals DVB Projects’ underlying confidence in the Gold Coast’s luxury beachside apartment sector.

“We see the Gold Coast as one of the most compelling lifestyle markets in Australia, particularly at the premium end where demand continues to deepen,” said Dean Brown, Managing Director of DVB.&nbsp;

“This project has been carefully designed to respond to that demand - delivering large-format residences with a level of quality, privacy and amenity that is still relatively rare in the apartment market on the beachside."

Brown says the site itself is "exceptional."

"Old Burleigh Road is one of the most tightly held beachfront strips, and opportunities to deliver a project of this scale and calibre in this location are extremely limited.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="398f377a-c037-455e-9250-0c5e0d84c35b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/I12_FF%20Balcony.jpg?VersionId=NwOiRWGMubR1c8wthuEfggklcja7al9." />

The project will comprise 40 half-floor residences of approximately 260 sqm, alongside eight full-floor residences spanning around 524 sqm.

A single penthouse will crown the building, featuring a private pool, barbecue area, indoor gym and dedicated entertaining spaces.

Residents will have access to a resort-style suite of amenities, including a 20-metre pool with daybeds, a gymnasium, hot and cold plunge pools, a sauna, and private residents’ lounge and dining facilities.

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="d1642bb0-9a66-4427-a022-dfc0988c6287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A02_Pool%20to%20View.jpg?VersionId=c0IXPyn_Gp_Kn3XCwzMrqIVkAdCEwVXP" />

Sales agent Todd Matheson, of <a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a>, which is marketing both 137 Old Burleigh Road and Sea Glass, said 137 Old Burleigh Road would address a clear gap in the market for genuine luxury products.

“There are very few opportunities on the Gold Coast where buyers can secure a residence of this size and quality in a new building,” Matheson said.

“What we’re seeing is a growing cohort of downsizers and interstate buyers who still want space - they’re not willing to compromise on living area, entertaining or finishes.

“This project has been designed with that buyer in mind. It offers the scale of a home, combined with the convenience and security of apartment living, in one of the coast’s most desirable positions.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="59aae0ca-5639-4320-8aca-d0bf60f48e43" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E01_Exterior%20Hero.jpg?VersionId=DS8Zfy2WtgUEtdfe0TEUuf1W1GfcZq8S" />

Located on a 1,156 sqm site one block from the beachfront, the development will replace an ageing walk-up building and is expected to contribute to the ongoing transformation of the Old Burleigh Road strip into one of the Gold Coast’s most prestigious residential corridors.

With the development moving into the delivery phase, 137 Old Burleigh Road is slated to hit the market later this year.

[smartcode_project_cta:default project_id=145141]

DVB Projects to launch second Broadbeach apartment tower as demolition commences

<a data-end="327" data-is-only-node="" data-start="250" href="https://www.apartments.com.au/developers/norus-projects" rel="noopener" target="_new">Norus Developments</a> has lodged plans for a new apartment development in Clayton that would add further momentum to the suburb's emerging Green Street corridor.

Plans have been lodged for the consolidated site at <a href="https://www.apartments.com.au/new-apartments/1359-1365-centre-road-clayton-vic-3168">1359-1365 Centre Road</a>, where Norus is seeking approval for 218 apartments across a 12-storey apartment building designed by <a href="https://www.apartments.com.au/architects/life-architecture-and-urban-design">Life Architecture</a>.

The proposal sits within the Clayton Major Activity Centre at the threshold of the planned Green Street corridor, a landscaped pedestrian connection intended to improve links through the precinct towards Clayton Railway Station.

The development would replace the site's existing collection of low-scale residential and commercial buildings with a single consolidated building, introducing significantly greater housing density to this part of Centre Road.

A retail tenancy is proposed at ground level to activate the Centre Road frontage, accompanied by transparent street interfaces and landscaping intended to create a more pedestrian-focused edge to the development.

<img alt="First look: Norus Developments plans landscape-led apartment project for Clayton’s emerging Green Street" data-entity-type="file" data-entity-uuid="0a5a763a-d9e9-4253-af2f-88008de27ebf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Clayton%20a.png?VersionId=S2WJJbat1XVkZwB9SnYtygirXgWHiklX" />

The building has been designed with stepped massing and upper-level setbacks to manage its transition towards surrounding residential properties. The planning report describes the approach as one that integrates the building into the landscape rather than treating landscaping as a secondary element.

"A strong landscape and public realm strategy underpins the proposal," Urbis states in the planning report.

"Public benefits include an affordable housing contribution, a new pocket park, generous landscaped setbacks, deep soil planting and integrated Water Sensitive Urban Design."

The report adds that these elements are intended to create "a permeable, pedestrian-focused ground plane that enhances walkability, supports urban cooling and reinforces the emerging Green Street character."

Biophilic and passive design principles extend through the residential levels, with planting, daylight, natural ventilation and views towards landscaped areas forming part of the amenity strategy.

Parking would be concentrated away from the public realm, with 145 car spaces proposed from the rear laneway rather than dominating the Centre Road frontage.

The proposal follows an extensive pre-application process with the City of Monash. Three formal meetings were held between the project team and Council from December 2025 to March 2026, with the scheme evolving through several concept iterations before the current design was lodged.

The project arrives as Clayton prepares for substantial change around its established activity centre and the wider Suburban Rail Loop precinct. Its position on Centre Road places the development within an existing concentration of shops, services and public transport, while the Green Street connection is intended to strengthen pedestrian access towards Clayton Railway Station.

First look: Norus plans landscape-led apartment project for Clayton’s emerging Green Street

<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a> has officially commenced construction on Bronze on Chevron, celebrating the sod turning of its first-ever Gold Coast development and marking a significant milestone in the company's continued expansion across South East Queensland.&nbsp;

Following the successful delivery of premium residential developments throughout Brisbane and the Sunshine Coast, <a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-chevron-island-qld-4217">Bronze on Chevron</a> represents Gardner Vaughan Group's entry into the Gold Coast market. Bronze will deliver 119 one, two, three and four-bedroom apartments above two ground-level retail tenancies.

[smartcode_project:default project_id=107520 project_image_fid=367193]

The recent sod turning ceremony was attended by Deputy Mayor Mark Hammel, President of the Surfers Paradise Surf Life Saving Club, Cassandra Sedgman, project consultants, purchasers, project partners and invited guests to celebrate the commencement of construction.&nbsp;

Gardner Vaughan Group Chief Executive Officer Simon Betteridge said Bronze on Chevron represented an exciting new chapter for the business.&nbsp;

"We've spent almost four decades building homes that respond to the way people want to live, and we're excited to bring that experience to <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>," Betteridge said.

"Bronze on Chevron is particularly significant because it marks Gardner Vaughan Group's first development on the Gold Coast following many successful projects across Brisbane and the Sunshine Coast."

[smartcode_project:default project_id=107520 project_image_fid=367183]

Betteridge said the ground breaking is a proud moment for the&nbsp;team and their purchasers, who can now see their future homes beginning to take shape.&nbsp;

"As both developer and builder, we're able to oversee every aspect of the project from design through to construction, ensuring the quality and attention to detail Gardner Vaughan Group has become renowned for."&nbsp;

Designed by acclaimed architectural practice <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, Bronze on Chevron has been thoughtfully designed to complement Chevron Island's evolving streetscape while embracing its relaxed coastal lifestyle.

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029.&nbsp;

[smartcode_project_cta:default project_id=107520]

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029

Gardner Vaughan Group breaks ground on first Gold Coast development, Bronze on Chevron

Sydney off the plan apartments

The gap between Sydney's median house price and median unit price is growing once again, as the harbour capital bounces back from modest declines.

Interest rates have sparked momentum in the house market, which contracted by -0.9 percent for just three months before turning positive again in February with 0.3 percent growth, CoreLogic data shows.

CoreLogic's Monthly Home Value Index recorded another 0.5 percent gain in Sydney house values in March. Unit values, however, contracted by -0.1 percent.

The Sydney median house value is $1,473,000 compared to $852,000 for units, a gap of $621,000.

CoreLogic Research Director, Tim Lawless, says improved&nbsp;sentiment following the February rate cut is likely the biggest driver of the turnaround in values

Read more:&nbsp;<a href="/news/nsw/city-beat-february-2025-sydney-property-downturn-ends-abruptly-as-rate-cuts-spur-price-growth">City Beat February 2025: Sydney property downturn ends abruptly as rate cuts spur price growth</a>

<h2>What happened in Sydney's off the plan market in March?</h2>

After two relatively quiet months to start 2025 in Sydney's new and off the plan property market, March saw an increased level of activity from developers, reacting to improved sentiment in the property market.

The month kicked of with the launch of Landream's <a href="/new-apartments/pyrmont-place-14-26-wattle-street-pyrmont-nsw-2009">Pyrmont Place</a> development, across the road from the $750 million Sydney Fish Market.

Pyrmont Place will comprise 237 apartments across four buildings at the gateway to Blackwattle Bay.&nbsp;

[smartcode_project:default project_id=138909 project_image_fid=330855]

Designed by&nbsp;<a href="/architects/bvn-architecture" target="">BVN</a>,&nbsp;Pyrmont Place&nbsp;will include a childcare centre, a two-court indoor recreation centre, and a range of communal amenities including an outdoor pool, gym, music room, communal landscaped terraces, and open spaces designed by OCULUS.

The buildings have been designed to honour&nbsp;<a href="/developments/pyrmont-nsw-2009" target="">Pyrmont</a>’s industrial roots and sandstone heritage. Each building will feature a distinctive façade, creating a neighbourhood vibe that harmonises with the surrounding environment.

[smartcode_project:default project_id=138909 project_image_fid=330856]

There was similar fanfare for the launch of Lovedale Farm, the Hunter Valley's newest landmark destination.

<a href="/new-townhouses/lovedale-farm-1184-wine-country-drive-lovedale-nsw-2325">Lovedale Farm</a>, the new residential, resort, and golf community from Capital Corporation, brings a new residential offering to those seeking the Hunter Valley lifestyle. The opportunity has not been lost on those from Sydney and Newcastle, who have already snapped up over 60 per cent of the first release.

[smartcode_project:default project_id=14476 project_image_fid=334356]

In the heart of the Hunter Valley between Pokolbin and Rothbury, Lovedale Farm is a masterplanned golf development that will span an almost unrepeatable 240 hectares.

<a href="/developers/capital-corporation">Capital Corporation</a>&nbsp;has worked hand in hand with Cessnock Council and NSW Government for the best part of two decades to realise the vision for Lovedale Farm.&nbsp; The first release of residences will be accompanied by an 18-hole golf course designed by Darius Oliver, the designer known for projects like Cape Wickham on King Island.&nbsp; The masterplan includes a wider residential community, a boutique, high-end resort, destination dining precinct and apartments.&nbsp;&nbsp;

[smartcode_project:default project_id=14476 project_image_fid=334210]

Buyers now have the chance to secure a slice of Lovedale Farm. Lot sizes range from 550 sqm up to 3,000 sqm. Prices for turnkey residences start from $1.35 million for three-bedroom homes on 550 sqm lots, lower than Sydney’s median house price of around $1.4 million.

Read more:&nbsp;<a href="/news/nsw/inside-lovedale-farm-hunter-valley-s-newest-landmark-destination">Inside Lovedale Farm, Hunter Valley’s newest landmark destination</a>

There was also fresh opportunity to buy at Sekisui House Australia's $1 billion Norwest masterplan, The Orchards.

They revealed <a href="/new-apartments/the-orchards-veue-grand-norwest-15-19-spurway-drive-norwest-nsw-2153">Veue Grand</a>, the final release of the fourth stage in the thriving community. Over 55 apartments were snapped, including a record-breaking four-bedroom penthouse sale worth over $4 million, which set a suburb record.

[smartcode_project:default project_id=149249 project_image_fid=333212]

With prices starting from $630,000, buyers came from a wide geographical reach including locals in&nbsp;<a href="/developments/norwest-nsw-2153">Norwest</a>, up to the northern beaches in Dee Why, across to Coogee in the east, and as far south-west as Picton.

More than 180 people attended the public launch to secure a nature-inspired apartment.

[smartcode_project:default project_id=149249 project_image_fid=333202]

More supply is coming to the market soon as <a href="/developers/perifa">PERIFA</a>, part of Versatile Group which is also a builder, taking over the redevelopment of the former Balmain Leagues Club with investment partner&nbsp;Mitsubishi Estate Asia.

This year they will launch <a href="/new-apartments/rozelle-village-rozelle-152-victoria-road-rozelle-nsw-2039">Rozelle Village</a>, around 230 one, two and three-bedroom apartments alongside commercial, retail, communal open spaces and a long-awaited new home for the Wests Tiger’s Leagues Club.&nbsp;

[smartcode_project:default project_id=8142 project_image_fid=335560]

The landmark 7,330 sqm site has been derelict and closed to the community since 2010.&nbsp;

Deicorp is also continuing to put its foot on the gas. At the start of March, they were given the green light for the next stage of their masterplan in Castle Hill.

The developer will deliver 873 dwellings across five residential buildings in the East Showgrounds Precinct, next door to their now-under-construction 430-unit&nbsp;<a href="/new-apartments/hills-showground-village-castle-hill-2-mandala-parade-castle-hill" target="">Hills Showground Village</a>.

The new development will comprise of three buildings designed by GroupGSA and two designed by TURNER and will include arund 3,500 sqm of open public space in the form of landscaped courtyards, a public park and communal outdoor recreational space including a playground, barbeque area, and outdoor seating.

Read more:&nbsp;<a href="/news/nsw/deicorp-secures-approval-for-east-showgrounds-castle-hill-apartment-project">Deicorp secures approval for East Showgrounds, Castle Hill apartment project</a>

<a href="/developers/deicorp" target="">Deicorp</a> also lodged a State Significant Development with the NSW Department of Planning for their first development in Macquarie Park.

They're planning a 17-level building with&nbsp;181 apartments on a&nbsp;<a href="/new-apartments/161-herring-road-macquarie-park">prime site</a>&nbsp;across 161 Herring Road and 13-15 Lachlan Avenue, a short walk from&nbsp;<a href="/developments/macquarie-park-nsw-2113">Macquarie Park</a>&nbsp;Metro rail station and shopping centre.

City Beat March 2025: Sydney price gap between houses and units grows as house prices surge

Leading Sydney construction and development giant&nbsp;Deicorp’s plans for their Macquarie Park development have gone on public exhibition.

The 17-level building, with 181 apartments, is being pitched for a <a href="/new-apartments/161-herring-road-macquarie-park">prime site</a> across 161 Herring Road and 13-15 Lachlan Avenue, a short walk from <a href="/developments/macquarie-park-nsw-2113">Macquarie Park</a>&nbsp;Metro rail station and shopping centre.

The application was recently lodged with the NSW Department of Planning as a State Significant Development.

&nbsp;

<img alt="Macquarie Park Development" data-entity-type="file" data-entity-uuid="2194f36c-79f8-4eb0-aee9-6145d7bda0fe" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Item%206%20-%20Photomontage%202.jpg?VersionId=d8VSUjWGNnnhGW2ye5MKjMxbC7QPYMug" />

Deicorp’s Chairman Fouad Deiri said the site will provide conveniently located housing for key and essential workers. 29 of the apartments proposed will be affordable and managed by a community housing provider.

“This proposed development adds to the significant pipeline of residential projects we are seeking to deliver along Sydney’s Northwest Metro, which will support the NSW Government’s vision to deliver more housing close to key public &nbsp;transport infrastructure," Deiri said.

“Deicorp is delighted to be responding to the urgent need for housing across Sydney by partnering with some of Australia’s leading architecture and design firms (DKO) to provide well designed apartments close to amenities.” &nbsp;

The plans for the development include a 550 sqm of rooftop garden, 1,200 sqm of streetscape upgrades, and outdoor communal space embellishments. The rooftop garden will include viewing decks, outdoor workspaces, and picnic tables.&nbsp;

<img alt="Macquarie Park Development" data-entity-type="file" data-entity-uuid="755dbe8e-7088-4386-a5a5-8dfd1b1fa8a3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Item%206%20-%20Photomontage%203.jpg?VersionId=x8D28t53yH56yHpDy3Pt0VMk8po_kBru" />

It is proposed environmentally significant trees will be retained on the site with a further 58 trees planted to provide ample tree canopy coverage. &nbsp;

The proposed development, which will include recycled water, onsite solar energy generation and energy efficient design, will aim for an industry leading 7-star average rating under the &nbsp;Nationwide House Energy Rating Scheme (NatHERS).&nbsp;

The proposed Macquarie Park apartment building adds to the significant pipeline of transit oriented developments Deicorp is seeking to deliver along Sydney’s Metro rail line, which include the recently approved Hills Showground East Precinct and Five Ways Crows Nest mixed-used projects, the under-construction Hills Showground Village and now completed Tallawong Village.&nbsp;

Deicorp’s Chairman Fouad Deiri said the site will provide conveniently located housing for key and essential workers



Deicorp’s Macquarie Park apartment plans revealed

Sekisui House Australia secured $65 million in sales at the launch of Veue Grand, the final release of the fourth stage in their $1 billion Norwest masterplan, The Orchards.

Over 55 apartments were snapped up at the launch, including a record-breaking four-bedroom penthouse sale worth over $4 million, which set a suburb record.

With prices starting from $630,000, buyers came from a wide geographical reach including locals in <a href="/developments/norwest-nsw-2153">Norwest</a>, up to the northern beaches in Dee Why, across to Coogee in the east, and as far south-west as Picton.

More than 180 people attended the public launch to secure a nature-inspired apartment.

David Lee, Sales Manager, Apartments &amp; Mixed-Use Developments at Sekisui House Australia said <a href="/new-apartments/the-orchards-veue-grand-norwest-15-19-spurway-drive-norwest-nsw-2153">Veue Grand</a> has had one of the most successful launches in The Orchards to date.

"We have witnessed strong demand across all apartment types, with two-bedroom residences emerging as the most popular choice, accounting for more than 50 per cent of all sales.

“We are very proud to also have achieved a record sale for a four-bedroom penthouse, which speaks volumes about both the quality of the product and confidence buyers have in the brand.”

[smartcode_project:default project_id=149249 project_image_fid=333204]

Nearly 25 per cent of all sales came from the newly introduced two-bedroom, one-bathroom layouts, an efficient and affordable entry point aimed at first home buyers.

“The introduction of this new apartment type has been well received. It is proving to be a smart option for buyers who wish to enter the market without compromising on location or quality,” Lee said.

[smartcode_project:default project_id=149249 project_image_fid=333207]

First home buyers and investors from across Sydney made up a significant portion of the buyer demographic. In contrast, larger residences and penthouses attracted strong interest from downsizers, many of whom already live within a 10km radius of Norwest.

Lee said the recent interest rate reduction played a role in the success of the launch.

“We did see an uptick from first home buyers and investors following the rate drop, although downsizers, who tend to be less rate-sensitive, were key in securing the premium stock.”

Veue Grand's extensive amenities including an indoor swimming pool, gymnasium and communal function centre, alongside expansive green spaces and access to the newly completed Sydney Metro Northwest line, were purchasing drivers.

[smartcode_project:default project_id=149249 project_image_fid=333206]

“Many sales came from repeat clients or through word-of-mouth referrals, which is a testament to trust in the global brand. The sales result further cements The Orchards position as one of Sydney’s most compelling residential offerings,” Lee added.

“With direct Metro access now taking residents from Norwest to Martin Place in under 45 minutes, The Orchards ticks all the boxes, location, liveability and long-term growth potential.”

[smartcode_project:default project_id=149249 project_image_fid=333205]

Construction of Veue Grand is well underway and tracking ahead of schedule, with completion anticipated in late 2026. Buyers can invest with confidence, knowing the builder has been appointed and the build well underway.

Veue Grand designed by Crone Architects, comprises 217 residences across two 11 and 18-level buildings.

The Orchards is around 31 kilometres north west of Sydney’s CBD.&nbsp;It is strategically positioned 800 metres from Norwest Metro Train Station and 600 metres from Norwest Marketown as well as Norwest Business Park - currently housing over 30,000 employees.

[smartcode_project_cta:default project_id=149249]

Veue Grand, Norwest apartments fly off the shelves at weekend launch

Residents at Lendlease’s world-class One Sydney Harbour waterfront development in Barangaroo will soon have access to an exclusive luxury car share service offering electric Porsche vehicles.

<a href="/developers/lendlease-development">Lendlease</a> has partnered with transportation solutions provider, Outbound, to launch Porsche’s new fleet of electric vehicles, including the Macan and Taycan, available for residents of the building to hire.&nbsp;

&nbsp;

Residents will be able to reserve, pay and access support through the Outbound app, and even lock, unlock and drive the vehicles through their phones.&nbsp;

<img alt="One Sydney Harbour" data-entity-type="file" data-entity-uuid="a6947a39-4a5c-4361-9c2b-4a6ee2861d30" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/osh---home-banner-exterior-min.jpg?VersionId=g2R6KcqJEdP7eguRTKGT.B_hWsKhA2U8" />

The new car share service enhances the already exceptional amenities at <a href="/new-apartments/one-sydney-harbour-6-watermans-quay-barangaroo">One Sydney Harbour</a>, which include a 24-hour concierge service, state-of-the-art wellness facilities, indoor and outdoor pools, a private dining room, wine gallery, and residents’ lounge. &nbsp;

This is the second collaboration between Lendlease and Outbound, with the transportation solutions provider offering Tesla EV hire for tenants in nearby commercial building, Salesforce Tower, since 2023.&nbsp;

Located in the heart of Barangaroo, One Sydney Harbour is a landmark residential development by Lendlease, designed by world-renowned architect Renzo Piano. The development consists of three towers.

<img alt="One Sydney Harbour pool" data-entity-type="file" data-entity-uuid="dd156968-b258-45d4-be60-ccf5907de450" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/osh-the-pool.png?VersionId=U8e3XrNodol4Nw2onjP4QHWiSWglvNJC" />

One Sydney Harbour is now 95 per cent sold, with more than $4 billion in sales across the three towers.

Prices start at $1.68 million for a one-bedroom apartment, $3 million for a two-bedroom, and $5.3 million for a three-bedroom apartment. Most residences have settled across all three towers, and residents have moved in.&nbsp;

Annamese, Haven Coffee and Anita Gelato have opened in the precinct, with more food and beverage and service retailers to come later this year.

Stuart Mendel, Lendlease Executive Director Development NSW/ACT, said surpassing $4 billion in sales is testament to the high calibre of One Sydney Harbour’s residential offering. &nbsp;

“Our commitment to creating luxury experiences for our customers is clear through the range of exclusive amenities, like the Porsche EV car share program,"&nbsp;Mendel said.

“Whether it’s driving a Porsche Macan or Taycan or the easy access to the new Barangaroo metro &nbsp;station, One Sydney Harbour offers the ultimate convenience and connection.”&nbsp;

[smartcode_project_cta:default project_id=139801]

New electric Porsche car share at One Sydney Harbour

The first stage of <a href="/new-apartments/willoughby-grounds-5-walter-street-willoughby">Willoughby Grounds</a>, the Lower North Shore development by joint venture partners First Quadrant Properties and Qualtias, is approaching completion.

Two of the five buildings that make up the mini masterplan will welcome residents in the coming months. The majority of purchasers of the one, two, three and four-bedroom apartments have been families and downsizers, given the large floorplans on offer.

A key attraction for families is the dedicated children’s playground within the common area, fostering a community atmosphere where neighbours can connect while children have a safe space to play.

[smartcode_project:default project_id=135512 project_image_fid=327778]

“When designing Willoughby Grounds, we wanted to create a place that enhances both liveability and community,” says Adam Reeves, Director of Sales and Marketing at <a href="/developers/first-quadrant-properties">First Quadrant Properties</a>.

“The inclusion of larger residences and shared green spaces makes this an attractive option for families who want the best of both worlds – more space and an outstanding location.”

Comprising five distinct buildings, each with its own architectural identity, Willoughby Grounds draws inspiration from the area’s industrial past. The first stage, featuring apartments in the Halstrom and Fleming buildings, reflects <a href="/developments/willoughby-nsw-2068">Willoughby</a>’s 19th-century tanneries, a nod to the suburb’s rich heritage.&nbsp;

[smartcode_project:default project_id=135512 project_image_fid=327779]

“People want to feel connected to their community, and this development is designed to foster that sense of belonging,”&nbsp; Reeves added.

“Unlike high-rise developments, Willoughby Grounds offers a more intimate living experience, with most apartments designed to maximise natural light and ventilation.”

The project’s location provides easy access to local parks, gyms, cafes, and shopping precincts, including High Street Shopping Village, Northbridge Plaza, and Crows Nest Village. It is also well connected to transport links, with the Metro Train Station and city bus services nearby.

“The kids’ playground and the spacious layouts will be a real drawcard for families looking for an alternative to standalone homes in the area,” says Tim Abbott, Director of Projects and Developments at Ray White.

“With so many amenities nearby and lower strata fees, Willoughby Grounds offers both practicality and lifestyle benefits.”

[smartcode_project:default project_id=135512 project_image_fid=251211]

Designed by Mo Chehelbani from <a href="/architects/architecture-urbaneia">Architecture Urbaneia</a>, with interiors by acclaimed architects and interior designers DKO, the residences integrate multi-layered architecture with lush green spaces. The use of face brickwork, metal cladding, and concrete framing harmonises with the landscape, enhanced by jacaranda trees that are synonymous with the lower North Shore.

The project is being constructed by DASCO, one of the highest-rated builders in NSW with a 4.5 Gold Star iCIRT Rating.

The second stage, comprising the Lawson’ and Walter buildings, will be completed in late 2025. Registrations of interest for the two new buildings are now being taken.

[smartcode_project_cta:default project_id=135512]

The project is being constructed by DASCO, one of the highest-rated builders in NSW with a 4.5 Gold Star iCIRT Rating

Willoughby Grounds first stage approaches completion

Over 52,000 sqm of open spaces have received approval in <a href="/developers/sekisui-house-australia">Sekisui House Australia</a> and Hankyu Hanshin Properties $5 billion urban renewal masterplanned community, Melrose Park in Sydney’s north west.

The trio of parks, Central Park (17,586 sqm, soon to be renamed), Wharf Road Gardens (19,960 sqm), and Western Parklands (15,102 sqm), will provide&nbsp;expansive green spaces for the growing community.

Central Park will be the heart of <a href="/developments/melrose-park-nsw-2114">Melrose Park</a>, offering a dynamic and inclusive space for residents and visitors to enjoy and connect with nature. This park is due for completion early 2026, ready for new residents moving into the recently released fifth stage,&nbsp;<a href="/new-apartments/dawn-melrose-park-bundil-boulevard-melrose-park-nsw-2114">Dawn</a>.&nbsp;

[smartcode_project:default project_id=145496 project_image_fid=334048]

Alex Grujovski, Project Director of Apartment &amp; Mixed-Use Developments at Sekisui House Australia, says the parks will serve as a central gathering point, encouraging people of all ages to interact while also supporting biodiversity and sustainable urban growth.

"Central Park, Wharf Road Gardens and the Western Parklands, will create a connected and vibrant neighbourhood that prioritises sustainability, well-being and social interaction,"&nbsp;Grujovski says.

"The parks will not only provide essential green space but also enhance the liveability of the area by creating opportunities for residents to engage with nature."

[smartcode_project:default project_id=145496 project_image_fid=334163]

Tim Conybeare, Studio Director at <a href="/landscape-architect/aspect-studios">ASPECT Studios</a>, says Central Park is designed as a place where people can come together to explore, unwind, and enjoy a variety of landscapes.

"It will feature gardens, open lawns, shady promenades and a play space inspired by river mangroves, creating an immersive play experience for children,"&nbsp;Conybeare said.

“Central Park is structured into three key zones. The Upper Terrace features a scenic lookout and escarpment gardens inviting all ages to relax. The play space and lawns will be a central activity hub for families and recreation. The Plaza near the new Town Centre will support community events."

&nbsp;

[smartcode_project:default project_id=145496 project_image_fid=334049]

Beyond Central Park, Wharf Road Gardens features a shared path connecting Hope Street and the broader Melrose Park area. With an emphasis on movement and passive recreation, the gardens will include boardwalks, native plantings and riparian habitats that enhance biodiversity.

Western Parklands will act as a buffer between residences and new developments, offering recreation opportunities. A shared path will connect the north and south parts of Melrose Park, linking to the Town Centre and Central Park. Fitness stations, nature play areas, and a detention basin at the southern end, doubles as a recreational area in this park.

&nbsp;

"While each park has distinct functions, they have been designed with a unified approach,"&nbsp;Conybeare added.

"A consistent palette of materials, urban furniture and landscape detailing ensures a strong identity across all three parks. Together, they will provide a range of activities while fostering a deep connection between residents and their environment."

[smartcode_project:default project_id=145496 project_image_fid=334162]

&nbsp;

Sekisui House’s $5 billion Melrose Park project is transforming into a thriving new community, significantly enhancing the housing supply in north-west of Sydney with 5,500 homes, a commercial and retail town centre and extensive parklands. Over 1,000 residents now reside in the community.

Melrose Park’s prime location offers road, rail and water transport connections. It is just 30 minutes by car or a 30-minute train ride from Meadowbank Station to Sydney’s CBD. With the approval and State Government funding for Stage 2 of the Parramatta Light Rail, the community will enjoy even greater access to wider Sydney.

[smartcode_project_cta:default project_id=145496]

Three new parks to bring more nature to Melrose Park

Parkside living and Parramatta don't often go hand in hand, making Deicorp's first apartment development in the heart of Parramatta CBD even more appealing to prospective buyers.

The transport-focused developer, known for creating well-connected communities, secured a prime site at the eastern end of Parramatta CBD on Hassall Street. It's conveniently located next to the Robin Thomas Light Rail stop and just a short walk to Parramatta Train Station.

Thanks to the prized corner block, with no buildings to the north or east, residents at <a href="/new-apartments/cosmopolitan-by-deicorp-parramatta-34-hassall-street-parramatta-nsw-2150">Cosmopolitan by Deicorp</a> will enjoy protected views over the adjacent Robin Thomas Reserve and James Ruse Reserve—views that are rare in the growing CBD.

The development's location also offers easy access to nature, being less than 200 metres from the Parramatta River and Queen's Wharf Park.

[smartcode_project:default project_id=138590 project_image_fid=236112]

The two 45-level towers, which will home just over 600 apartments when completed in late 2027, have been designed by Turner Studio to hero the park views as much as possible, as well as views over the river and the Parramatta skyline to the west.

<a href="/architects/turner-studio">Turner Studio</a> won the design competition to take the architectural reigns. Their unique design includes a raised podium that links the two towers. The three-level podium, collectively named ‘Gully Forest,’ will feature a landscaped sanctuary adorned with lush greenery, alongside smaller breakout and seating spaces, a distinctive outdoor kitchen, and garden pavilions.

[smartcode_project:default project_id=138590 project_image_fid=236117]

The ground floor podium is strategically designed to provide extensive retail and hospitality frontages for commercial tenants, activating the entire precinct.

On the second level of the podium, an open-air community space will be home to barbecue facilities and smaller group gathering areas.&nbsp;Above will feature flexible workplace tenancies, as well as spaces designated for a fitness centre and medical practice.

[smartcode_project:default project_id=138590 project_image_fid=236119]

Deicorp's in-house building arm has commenced construction of Cosmopolitan. There are one, two and three-bedroom apartments. The two-bedroom, two-bathroom units with a car space start from just over $900,000.

&nbsp;

[smartcode_project_cta:default project_id=138590]

The development's location offers easy access to nature, being less than 200 metres from the Parramatta River and Queen's Wharf Park

Parkside living in Parramatta: Cosmopolitan by Deicorp to offer parkside apartments in Sydney's second CBD

Sydney-based residential developer, <a href="/developers/top-spring-australia">Top Spring Australia</a>, has launched its latest project, Halcyon in Bondi, under its new name as it rebrands as Eterno Property Group (Eterno).

The new brand identity marks the finalisation of the company’s transition into a fully Australian-owned and operated entity, managing all its projects independently with local governance – a process that commenced in late 2022 – but had been postponed while the company focused on delivering its portfolio of luxury Sydney projects.&nbsp;

While Eterno will leverage the experience and profile it’s gained under the Top Spring Australia banner since 2017, Eterno – which means ‘eternal’ and ‘everlasting’ – will now continue the company’s mission to create luxury spaces that inspire, connect, and most importantly, endure, with Halcyon being the first under the Eterno banner.

Delivered in partnership with <a href="/developers/dcn-group">DCN Capital</a>, the approved Halcyon includes an exclusive collection of eight luxury residences designed by <a href="/architects/mhn-design-union">MHNDU</a>, with interiors by <a href="/interior-designers/richards-stanisich">Richards Stanisich</a>&nbsp;on a generous 1,635 sqm site at 1-7 Andrews Avenue and 26 Glen Street in Bondi.

Spanning four levels, the project comprises expansive three-bedroom apartments, some with an additional multi-function room. The two ground-floor residences will each boast a private pool and terraced rear garden, while the penthouse will offer 180-degree ocean views.&nbsp;

Each residence is designed to leverage natural cross-ventilation, abundant light, and a connection to the outdoors, with apartments either orientated north – with generous balconies framing views of <a href="/developments/bondi-nsw-2026">Bondi</a>&nbsp;or south towards Tamarama and Bronte.

MHNDU Principal, Liam Hancock, said residents will feel a very real connection to nature.&nbsp;

“From the lush gardens enveloping it and beyond to the nearby coast, residents will feel a sense of escapism from the city, in a place of tranquil luxury that offers peaceful sanctuary and respite, away from the hustle and bustle of Bondi’s Campbell Parade,” Hancock said.

“Halcyon’s wider-than-standard apartments will connect to the outside with solar access and natural ventilation from the ocean breezes. The bones of everything are much more connected to nature, including the materiality, which emphasises its connection to the beach."

<img alt="Top Spring" data-entity-type="file" data-entity-uuid="124ffa20-99ca-42c7-bd0b-26e34144f389" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-19%20at%2011.28.43%E2%80%AFAM.png?VersionId=xBwlbbFdRiQbneATqkvPD9yizvhHYpO9" />

Residents will benefit from premium communal amenities unmatched in the area, including a 17-metre lap pool, a separate plunge pool, and a wellness cabana featuring a sauna, ice bath, steam room and changing facilities.

Crowning the building is the whole-floor, 300 sqm penthouse with three bedrooms and extensive ocean views from its abundance of balconies that wrap around three of the building’s sides.

Sydney Ma, Managing Director of Eterno, said the time was right to launch Halcyon under the Eterno name.

“As a company, we’ve operated in the Australian market for close to a decade, building a strong reputation for excellence in luxury residential real estate," Ma says.

"Our developments are synonymous with deeply considered design and construction excellence, having created hundreds of homes that exemplify these values,” Sydney explained.

“With our transition to Eterno, we’re excited to extend this legacy further, unveiling Halcyon as the next chapter in our design-led portfolio. This project embodies our vision of understated luxury, offering residents a rare sanctuary in the heart of Sydney's eastern suburbs.”

Sydney Ma, Managing Director of Eterno, said the time was right to launch Halcyon under the Eterno name.

Top Spring Australia rebrands as Eterno and unveils Halcyon in Bondi

Kensington and Kingsford, two of Sydney's most connected inner-east suburbs, are about to become even more accessible with Randwick City Council's K2K Plan.

The K2K Plan aims to revitalize the <a href="/developments/kensington-nsw-2033">Kensington</a> and Kingsford Town Centres, while also enhancing bus services, creating new cycleways, and improving pedestrian infrastructure along Anzac Parade.

The plan will also introduce new public parks and upgraded retail and hospitality venues, boosting local economic activity and making these two suburbs even more desirable places to live.

Several developments are currently underway in the corridor, with Scape and Unilodge bringing student accommodation to the area bordering UNSW.

Renowned builder-developer <a href="/developers/toga-group">TOGA</a> is one of the few developers offering new apartments for sale. Their under-construction building, The Kensington, located opposite the Kensington Light Rail stop, will feature 142 apartments above seven new retail and hospitality spaces, just two stops from Moore Park and four stops from Central Station.

TOGA has built a strong reputation for creating well-connected communities with doorstep amenities. They recently completed Wicks Place in Marrickville, which includes four specialty shops, while their Surry Hills Village development is integrated with the thriving hospitality precinct of Wunderlich Lane and Sydney's first Eve Hotel.

[smartcode_project:default project_id=110959 project_image_fid=307652]

TOGA chose to develop in Kensington for the same reasons they chose Surry Hills and Marrickville: excellent public transport connections, doorstep amenity, and a wealth of employment opportunities, particularly in the growing health precinct in neighboring Randwick. This combination of factors, as well as significant higher education institutions nearby,&nbsp;has made <a href="/new-apartments/the-kensington-147-151-anzac-parade-kensington">The Kensington</a> highly appealing to a diverse range of residents including students, professionals, and young families. Investors, who are rarely seen in today’s new apartment market, have also shown interest, expecting strong rental demand.

With the current low supply of new apartment developments across Sydney, particularly in Kensington, there is a unique opportunity to secure long-term growth in a suburb that is set to continue growing in demand.

Rate changes have already sparked renewed demand in the new apartment sector, with increased confidence that further rate cuts will occur in 2025 and 2026.

The Kensington, being built by 4.5 iCIRT-rated builder DASCO, is scheduled for completion in early 2026, when the official cash rate is expected to be closer to 3.5 per cent rather than above four per cent.

[smartcode_project_cta:default project_id=110959]

The K2K Plan to transform Kensington and Anzac Parade corridor

PERIFA, the Sydney-based end-to-end property developer and part of Versatile Group, alongside investment partner Mitsubishi Estate Asia (MEA) has acquired the former Balmain Leagues Club site to develop the approved Rozelle Village.

Plans for a vibrant, mixed-use, cultural and community-focused precinct had been drawn up by Studio.SC by the former landholder Heworth Holdings.

<a href="/developers/perifa">PERIFA</a>&nbsp;and MEA are now accelerating the plans for the $800 million <a href="/new-apartments/rozelle-village-rozelle-152-victoria-road-rozelle-nsw-2039">Rozelle Village</a> that will comprise a mix of premium private residences and affordable housing, alongside commercial, retail, communal open spaces and a long-awaited new home for the Wests Tiger’s Leagues Club.&nbsp;

The landmark 7,330 sqm site has been derelict and closed to the community since 2010.&nbsp;

[smartcode_project:default project_id=8142 project_image_fid=347019]

Fabrizio Perilli, Co-Founder and Managing Director,&nbsp;PERIFA, said they are&nbsp;delighted to embark on a new era for the site with their partners Mitsubishi Estate Asia.

Our shared vision for Rozelle Village is to create a mixed-use precinct that is thoughtfully designed and caters to new residents and the community alike. It will be a major meeting place for the community, that embraces the unique character of the&nbsp;Balmain/Rozelle peninsula, while helping to shape its next chapter.”

Perilli says the&nbsp;Balmain Leagues Club in Rozelle, which closed in 2010 to make way for the NSW Government Metro Transport Project, was once a hub for local families to come together and enjoy entertainment and hospitality. But for too many years the community has had to put up with a derelict site on their doorstep.

“We are proud to be delivering a precinct that will not only revitalise the area through the delivery of thriving new public spaces, high-quality apartments, well-considered retail and community facilities, but offer a considerable contribution to Sydney’s chronic lack of housing."

[smartcode_project:default project_id=8142 project_image_fid=347021]

Rozelle Village has been designed by local architecture practice&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://links.erelease.com.au/ls/click?upn%3Du001.3t36lx-2BFsAkcova-2BGjLdR03OF6qltDnHC2BtXDz5mWGBp2823XX6k0idceIRwLs4b12AQ9y-2Bm3j30fMmRLSTXWSjWTFwRXnMT9z9tST4OEQWF3yuklQggSquWneU2m1oUUd56K9i76Tb6vE7nF03m8a2tDWd7gbd5gHylWayuIk-2Fj0J8JzsOMhDS7gF-2BZkIIzWMaXfpLkD4L-2B9VCMKLILA-3D-3D7P5Q_RgrM7qq-2BfK-2FtAHeRBLv5Qrbff1fmn9Maxd-2F-2BneoCQIgUH4WFhJ3DbcM3T9vUA-2FVcGfhT4ZkZ8ac1Sr0rGd4JYcExoqa29lgcDpt8YhwiW2PVHMF5TGuMDGFnmFYbVvM0RrbCI6UGX5KF1RHwxuS3bvbpTWBA6uAgz1pG0XFiVRcSEOZs5gu84UyN5bG04E-2BkQf3QaR7xAvVOQHi5bO2-2B6oF5ffGeuds7M5Cakz-2Fi7OU-3D&amp;source=gmail&amp;ust=1741902496325000&amp;usg=AOvVaw08BkcGsZFqGQSyuSFhDqWn" href="https://links.erelease.com.au/ls/click?upn=u001.3t36lx-2BFsAkcova-2BGjLdR03OF6qltDnHC2BtXDz5mWGBp2823XX6k0idceIRwLs4b12AQ9y-2Bm3j30fMmRLSTXWSjWTFwRXnMT9z9tST4OEQWF3yuklQggSquWneU2m1oUUd56K9i76Tb6vE7nF03m8a2tDWd7gbd5gHylWayuIk-2Fj0J8JzsOMhDS7gF-2BZkIIzWMaXfpLkD4L-2B9VCMKLILA-3D-3D7P5Q_RgrM7qq-2BfK-2FtAHeRBLv5Qrbff1fmn9Maxd-2F-2BneoCQIgUH4WFhJ3DbcM3T9vUA-2FVcGfhT4ZkZ8ac1Sr0rGd4JYcExoqa29lgcDpt8YhwiW2PVHMF5TGuMDGFnmFYbVvM0RrbCI6UGX5KF1RHwxuS3bvbpTWBA6uAgz1pG0XFiVRcSEOZs5gu84UyN5bG04E-2BkQf3QaR7xAvVOQHi5bO2-2B6oF5ffGeuds7M5Cakz-2Fi7OU-3D" target="_blank">Studio.SC</a>, formerly Scott Carver, with interiors by SJB and landscaping by Arcadia. It will include a mix of one, two, and three-bedroom apartments and penthouses, with views of the Sydney skyline and Sydney Harbour, a village square, including a range of new food and hospitality venues, a community art studio and a retail precinct anchored by a full-line supermarket; a first for the peninsula.&nbsp;

Located at the intersection of Victoria Road and Darling Street, pedestrian access to the precinct will be enhanced by a series of activated laneways leading to a 1,444 sqm town plaza.&nbsp;&nbsp;

Demolition at the site is nearing completion, with the project currently progressing through a State Significant Development Application process. Versatile Construction will commence main building works by the end of Q2 2025, with project completion anticipated in 2028.&nbsp;

CBRE will be handling the sales of Rozelle Village.

David Milton, Managing Director Residential Projects at CBRE&nbsp;calls it an "iconic site which is much loved in the local community."

"We’ve seen lots of interest already and we’re very excited to bring Rozelle Village to market.”&nbsp;

Sydney off the plan apartments

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Sydney off the plan apartments

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News