Scape kensington K2K Sydney UNSW

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>The country’s biggest provider of accommodation for university students, Scape, has been given the green light to build four purpose-built student accommodation (PBSA) buildings in Kensington and Kingsford, around the University of New South Wales.</p><p>The precinct, to be built on <a href="https://www.theurbandeveloper.com/articles/scape-australia-lodges-four-student-towers-kensington-sydney">each corner of the Anzac Parade and Todman Street intersection</a>, will be in the Randwick City Council&#x27;s<a href="https://www.theurbandeveloper.com/articles/scape-plans-1bn-unsw-gateway-precinct--"> K2K (Kensington to Kingsford) strategy</a> for the area.</p><p>When realised it will comprise more than 1500 bedrooms and 8000sq m of retail and commercial spaces as well as extensive public domain spaces with laneways, plazas, multi-purpose spaces and innovation labs.</p><p>Scape plans to build an SJB-designed cluster of buildings ranging from six to 18-storeys on the 3000sq m site at 11-125 Anzac Parade.</p><p>On the adjacent corners of the intersection it plans three 18-storey buildings—located at 172-180 Anzac Parade, 391-397 Anzac Parade and 182-190 Anzac Parade—designed by PTW Architects, BVN and Plus Architecture respectively.</p><p>Several sustainable elements are woven into the precinct including 5-Star Green Star building designs, which will be supported by initiatives such as car share, e-bikes and rainwater reuse.</p><p>The buildings will each feature a variety of rooftop gardens, pool and relaxation zones, outdoor and indoor exercise zones, dining and entertaining pavilions, and study zones.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/de20d073-4daf-457c-8e0b-5d2f4e1b86ca.jpg" width="960"/></picture><div><span style="align-content:center;opacity:0.8">▲ 111-125 Anzac Parade, Kensington (top left), 172-180 Anzac Parade, Kensington (top right), (bottom left),182-190 Anzac Parade, Kensington (bottom right).</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>The closure of the international border and the loss of foreign students, who are not expected to return en masse until the beginning of next year at the earliest, have been disastrous for the PBSA and <a href="https://www.theurbandeveloper.com/articles/vertical-campus-development-australia">education development</a> sectors.</p><p>Before the pandemic, the demand for student housing had become an issue as growth in the number of international students beginning at UNSW exceeded 15 per cent.</p><p>The university currently has the lowest availability of off-campus PBSA rooms in the country.</p><p><a href="https://www.theurbandeveloper.com/articles/pbsa-purpose-built-student-accommodation-education-development-australia">Concerns have been raised by property experts across the education sector</a> that ongoing sporadic lockdowns, a further push to online learning and heightened competition from overseas markets could hamper the sector’s recovery. </p><p>Scape managing director Stephen Gaitanos, who will speak at <em>The Urban Developer’s </em><a href="https://www.eventbrite.com.au/e/the-urban-developer-education-development-vsummit-tickets-156827257549?aff=tudwebsite0content0news6">Education Development vSummit</a> on June 24, said Australia’s long-term position as a leader in world-class education was not under threat.</p><p>“There will always be global competition and that is good for any sector,” Gaitanos told <em>The Urban Developer.</em></p><p>“As a global owner operator of PBSA assets we closely monitor the markets we operate in, including the UK, US, Ireland and Australia, which is our biggest market.</p><p>“NSW has some of the best universities in Australia and the world [and] coupled with the most collaborative and forward-thinking state government, this makes us very comfortable and confident to commit more than $1 billion to [this] precinct.</p><p>“It is a world-class location in need of world-class urban student living, commercial, teaching and learning accommodation—and will commence construction later in the year.”</p><p>Gaitanos will provide expert commentary alongside IEAA’s Phil Honeywood and Salto Systems hospitality vertical manager Cedric Duigou as part of a panel discussing the current state of development, design and functionality across PBSA at 2.30pm AEST.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr/></div></div></div><div class="row ci"><div class="cell cell-sm-3 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/e6ddb6cf-e0d9-4113-be86-54fb5f48e0b1.png" width="2000"/></picture><div></div></div></div></div><div class="cell cell-sm-9 cx12"><div class="ci cl"><p><br>Join us for a one-day virtual summit dedicated to the development of education precincts in Australia on June 24. <a href="https://www.eventbrite.com.au/e/the-urban-developer-education-development-vsummit-tickets-156827257549?aff=tudwebsite0content0news6"><strong>Click here.</strong></a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr/></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Earlier this month the state government announced its intentions to launch a <a href="https://www.theurbandeveloper.com/articles/international-students-return-sydney-nsw-pbsa-property">pilot scheme to fast-track the return of students</a>, with 250 to be flown into the state every fortnight from the middle of the year—just in time for semester two.</p><p>In January 2020, an estimated 250,000 international students were studying in NSW—making the sector the state’s second-largest export.</p><p>Gaitanos said the approved precinct would instil confidence within the sector and significant uplift once completed in employment opportunities with flow through economic impact set to exceed $2 billion.</p><p>The state government has since invested more than $1.6 billion in the CBD and South East Light Rail as well as $700 million in the expansion of Randwick’s education and health facilities.</p><p>Scape development director Adam Trent said the council’s K2K strategy had paved the way for urban regeneration precinct.</p><p>“These projects have aligned with the new Local Environmental Plan and Development Control Plan and accommodate council and community feedback. </p><p>“They also contribute to the future character along Anzac Parade and supporting the new light rail infrastructure,” Trent said.</p><p>Scape’s portfolio in Australia—15,000 accommodation bedrooms, with a further 10,000 under development—is backed by institutional investors including National Pension Scheme of Korea, AXA, Allianz and APG.</p><p>Last year, Scape completed a deal to acquire the <a href="https://www.theurbandeveloper.com/articles/scape-lands-2bn-urbanest-deal">$2 billion portfolio of dorms run by Urbanest</a>.</p><p>The deal followed its <a href="https://www.theurbandeveloper.com/articles/scape-student-digs-pipeline-atira-buy">$680 million acquisition of the Atira portfolio</a> of facilities controlled by funds manager Blue Sky and investment bank Goldman Sachs, which at the time placed Scape the largest student accommodation player in the country.</p></div></div></div></div></div>

Scape has been given the green light to build four purpose-built student accommodation buildings in Kensington and Kingsford, around UNSW....

Stockland Sydney Piccadilly Centre

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Stockland, the country&#x27;s largest diversified developer, will break ground on a new $1.5-billion, A-grade office tower in central Sydney after securing planning approval to redevelop Sydney’s Piccadilly Centre.</p><p>Stockland will build a new <a href="https://www.theurbandeveloper.com/articles/stockland-makes-two-moves-in-sydney-cbd">36-storey office tower</a> with a total of 100,000sq m, replacing two existing office towers of 14 and 31 storeys at 133-145 Castlereagh Street. </p><p>It will be developed above a 10-storey retail podium, which would include the Wesley Mission, the Unity Church charity; facilities at lower ground level, and basement car parking and associated facilities.</p><p>The site is in Sydney’s midtown precinct, which is currently undergoing significant renewal. The existing building is Stockland’s headquarters.</p><p>Redeveloping the 4800sq m site became possible after Stockland’s $347-million acquisition of the 50 per cent stake in the property it did not own from Oxford Properties in mid-2019.</p><p>Stockland’s acquisition reversed the group’s decision in 2014 to <a href="https://www.theurbandeveloper.com/articles/oxford-captures-invest-office-fund-for-34bn">sell half of the centre</a> to Investa Office Fund, the proceeds of which were used to grow its logistics portfolio.</p><p>Investa’s commercial property fund managed the existing 31-storey office tower while Stockland retained management of the two-storey retail asset facing Pitt Street.</p><p>Stockland’s proposal, with reference designs to support the application provided by architecture firm 3XN, was unanimously approved by the Central Sydney Planning Committee.</p><p>Stockland will now undertake a mandated design competition, required by the City of Sydney for buildings higher than 55 metres, on sites of 1500sq m or more or with a capital value of at least $100 million.</p><p>It will now go before the Department of Planning, Industry and Environment for gateway determination, followed by public exhibition and final sign-offs from planning minister Robert Stokes.</p><p>Stockland project director Iain Bell said the developer had taken two years to consider various options before lodging its application. </p><p>“[The development] represents the best solution for the site and the precinct more broadly,” Bell said.</p><p>“The proposal has been guided under the new planning rules—one of the first projects since their implementation to do so and aligns with the council’s vision for the Sydney CBD.”</p><p>The existing Piccadilly Centre, which will be demolished, with materials to be recycled and used in the new project.</p><p>“We are targeting a 6-Star Green Star for this development and we will be looking to reuse and recycle as much as possible with ‘embodied carbon’ a central part of the process to meet this target,” Bell said.</p><p>Councillor Philip Thalis said the existing building had become a “blight on the city” due to its “poor design” with three generations of updates to the retail arcade failing to activate the public domain.</p><p>“This development will wipe away another project from a bad period of architecture—the 70s-80s,” Thalis said. </p><p>“It will breathe new life into the precinct and it will be important for the architects applying for the design competition to understand the challenge of how they mitigate the bulk of this tower across such a large site.</p><p>“It will be exciting to see how Stockland and its design team approaches this significant project now that it can press forward.”</p></div></div></div></div></div>

Stockland has secured approval from  the Central Sydney Planning Committee to build a 100,000sq m office tower on Castlereagh Street...

Dune Andrew Projects

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Private developer Andrews Projects has secured approval for a $75 million residential development at the Gold Coast’s Main Beach.</p><p>The local developer will now press forward with plans for a narrow, 15-storey, high-end apartment tower at 3513 Main Beach Parade.</p><p>The project will mark the developer’s first collaboration with architecture firm Rothelowman which has designed the scheme following a competitive tender process.</p><p>Andrews Projects, led by Danny Andrews, secured the 617sq m waterfront site in July for $10 million before lodging plans for its ninth high-rise residential project.</p><p>The project will feature 11 apartments, eight of which will be single floor residences offering 277sq m floor plates and three double floor, at 526 square metres.</p><p>The apartment tower will feature a full floor of amenities on its ground floor including a gym, pool, cold and hot spa and sauna.</p><p>Residents will also be provided with between two to four car spaces across a basement car park.</p><p>The developer, which started out delivering upmarket houses in Main Beach, Paradise Waters and Hope Island, moved into boutique apartment projects with its initial project Metro 88, located in Southport.</p><p>It is also finalising another project, Encore, in Broadbeach while approval has also been secured for another Broadbeach site with plans to build 12 apartments across its Beach House project.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/f0ffbd69-5694-46a0-a933-4eabdf911cee.jpg" width="800"/></picture><div><span style="align-content:center;opacity:0.8">▲ External render of Andrew Project&#x27;s Dune project at Main Beach. Image: Rothelowman</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>“Following the development of Vue and Encore projects in Broadbeach we saw the increasing demand for larger ‘sky home’ style apartments,” Andrews Projects director Danny Andrews told <em>The Urban Developer</em>.</p><p>“When we were presented with this site in mid-2020, we saw a perfect opportunity to deliver one per floor residential-only apartments that would be attractive to both current and new Main Beach residents.”</p><p>The developer, which has secured full bank funding for the project, has held a strict site acquisition discipline since forming in 2003, targeting sites situated only in prime Gold Coast locations and delivering no more than one project over a 12 month period.</p><p>“Main Beach is very tightly held and is traditionally a small, well-established community [and] we are aiming to deliver something that exceeds any other new beachfront development on the Gold Coast,” Andrews said.</p><p>“We have the opportunity to redefine beachfront living on the coast, [as] no other new buildings in Main Beach offer amenities such as a whole level dedicated to wellness and recreation while providing three or more car spaces per apartment.”</p><p>The Gold Coast has been leading a <a href="https://theurbandeveloper.com/articles/sydney-perth-gold-coast-luxury-markets-top-prestige-price-growth">modest rebound</a> in the new apartment market, with higher off-the-plan sales rates and better prospects than Sydney and Melbourne.</p><p>The oceanfront city has also <a href="https://theurbandeveloper.com/articles/sydney-perth-gold-coast-luxury-markets-top-prestige-price-growth">shot up</a> Knight Frank’s Prime Global Cities Index,  placing 18th in the latest release. </p><p>Prime property is generally defined as the top 5 per cent of each market and often has an international bias with buyer profile.</p><p>Andrews said construction on its Main Beach project will commence in early-2021 with completion slated for late-2022.</p><p>Nearby, Ignite Projects has also recently <a href="https://theurbandeveloper.com/articles/ignites-sky-garage-apartments-go-ahead">landed approval</a> for a 23-storey,  25 apartment development, dubbed The Monaco, at 2-4 MacArthur Parade.</p></div></div></div></div></div>

Private developer Andrews Projects has secured approval for a $75 million residential development at the Gold Coast’s Main Beach...

570 Little Bourke, Melbourne development

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Argo Group will break ground on a $280-million office tower in central Melbourne after securing planning approval.</p><p>The developer, alongside partner Hickory, will build a 30,000sq m A-grade office tower on the corner of King and Little Bourke street across four sites spanning 1300sq m in the city’s legal precinct.</p><p>The slender 23-level development, to be known as 570 Little Bourke Street, is in Melbourne CBD’s legal precinct close to Flagstaff train station.</p><p>The City of Melbourne approved an initial development application, designed by UNStudio in collaboration with Melbourne-based architects XO Projects, in mid-2020.</p><p>Melbourne-based Argo, which was established about 30 years ago, secured an adjoining three-storey building at 232 King Street soon after landing its approval, allowing for a larger precinct.</p><p>The developer submitted amended plans, enlisting Fender Katsalidis to build on the existing proposal and increasing the office floorplates from 625sq m of net lettable area to 900sq m.</p><p>It was unanimously approved by the Future Melbourne Committee and will now go before planning minister Richard Wynne for the final sign-offs.</p><p>The development will include the retention and redevelopment of the heritage-listed Great Western Hotel, comprising a new kitchen and basement level, as well as the recently acquired building at 232 King Street.</p><p>Fender <span class="mce-spellchecker-annotation mce-spellchecker-word mce-cram_410312405621644551766504" aria-invalid="spelling" data-mce-highlight-id="mce-cram_410312405621644551766504" data-mce-bogus="1" data-mce-annotation="Katsalidis" data-mce-lingo="en_au">Katsalidis</span> director James <span class="mce-spellchecker-annotation mce-spellchecker-word mce-cram_3212919335631644551766504" aria-invalid="spelling" data-mce-highlight-id="mce-cram_3212919335631644551766504" data-mce-bogus="1" data-mce-annotation="Pearce" data-mce-lingo="en_au">Pearce</span> told <em>The Urban Developer</em> said the design would enrich Melbourne’s <span class="mce-spellchecker-annotation mce-spellchecker-word mce-cram_2557308645671644551766506" aria-invalid="spelling" data-mce-highlight-id="mce-cram_2557308645671644551766506" data-mce-bogus="1" data-mce-annotation="laneway" data-mce-lingo="en_au">laneway</span> culture through the provision of an activated arcade link, connecting the tree-lined boulevard of King Street and Brown Alley’s pocket park.</p><p>“It also encapsulates the various characteristics of the multiple site frontages, while retaining the local pub,” <span class="mce-spellchecker-annotation mce-spellchecker-word mce-cram_5592612555681644551766506" aria-invalid="spelling" data-mce-highlight-id="mce-cram_5592612555681644551766506" data-mce-bogus="1" data-mce-annotation="Pearce" data-mce-lingo="en_au">Pearce</span> said.</p><p>Melbourne deputy lord mayor Nicolas <span class="mce-spellchecker-annotation mce-spellchecker-word mce-cram_8614648246481644551796912" aria-invalid="spelling" data-mce-highlight-id="mce-cram_8614648246481644551796912" data-mce-bogus="1" data-mce-annotation="Reece" data-mce-lingo="en_au">Reece</span> said there has been a “robust exchange of ideas” between the council and the developer to get the proposal over the line.</p><p>“I believe this will be an outstanding building and one in which Melbourne can be proud,” <span class="mce-spellchecker-annotation mce-spellchecker-word mce-cram_9557873267301644551820246" aria-invalid="spelling" data-mce-highlight-id="mce-cram_9557873267301644551820246" data-mce-bogus="1" data-mce-annotation="Reece" data-mce-lingo="en_au">Reece</span> said.</p><p>“Council officers have received agreement for several conditions which have been incorporated into the amended plans including setbacks and the retention of the brick motif along Brown Alley.</p><p>“I am pleased to see the design changes which will emphasise a hidden square off Brown Alley and as a result of this development that pocket square will become one of the most popular gathering places for people in central Melbourne.”</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/1749872c-d70b-42f6-87b3-92b668d8e12c.jpg" width="800" data-mce-src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/1749872c-d70b-42f6-87b3-92b668d8e12c.jpg"></picture><div><span style="align-content: center; opacity: 0.8;" data-mce-style="align-content: center; opacity: 0.8;">▲ The development comprises a narrow tower, with ground floor retail tenancies to activate the adjoining Brown Alley and surrounding streetscape. Image: Fender Katsalidis</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Construction is expected to commence in mid-2022 with completion scheduled for 2024.</p><p>The approval is a positive sign for Melbourne’s beleaguered office sector with activity slowly returning to pre-pandemic levels.</p><p>Melburnians have been returning to CBD workplaces <a href="https://www.theurbandeveloper.com/articles/nsw-government-explores-ideas-for-revitalising-sydney-cbd" data-mce-href="https://www.theurbandeveloper.com/articles/nsw-government-explores-ideas-for-revitalising-sydney-cbd">at a faster rate than Sydneysiders</a> since the country emerged from lockdowns late last year.</p><p>Argo Group managing director Nick Argyrou said the approval of the project solidifies the evolution in quality workplaces in Melbourne.</p><p>“It has always been our intention to create a world-class office destination, from our initial collaborations with UN Studio and XO Projects to the renowned expertise Fender Katsalidis bring to this significant amendment,” Argyrou said.</p><p>“Although our immediate attention was to contribute to the upgrade of the King Street precinct, exemplar developments like this will be critical in enticing workers back into the city and are essential to the revival of the CBD.”</p><p>Nearby, Mirvac will is advanced on a similar A-grade office tower after <a href="https://www.theurbandeveloper.com/articles/mirvac-383-la-trobe-street-melbourne-approval" data-mce-href="https://www.theurbandeveloper.com/articles/mirvac-383-la-trobe-street-melbourne-approval">securing planning approval</a> last year.</p><p>Mirvac intends to build a 44,000sq m office tower of 31 levels at 383 La Trobe Street, the current home of the Australian Federal Police.</p><p>At 600 Lonsdale Street, developer V-Leader also has approval for a <a href="https://www.theurbandeveloper.com/articles/melbourne-major-development-projects" data-mce-href="https://www.theurbandeveloper.com/articles/melbourne-major-development-projects">$500-million mixed-use development</a>.</p><p>Its 42-story building will comprise 24,400sq m of A-grade office space, a 280-key boutique hotel, amenities, and retail space.</p></div></div></div></div></div>

  Argo Group will break ground on a $250 million office tower in central Melbourne after securing planning approval...

Aland developers to build four towers in Southport opposite St Hilda's School.

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Sydney developer Aland will build four towers in Southport after gaining approval from the Gold Coast City Council. </p><p>The project, led by Andrew Hrsto and George Flemming, was planned for vacant lots—at 91-101 Nerang Street and 22 Cougal Street, Southport—opposite St Hilda’s School.</p><p>The development includes four towers comprising 1,019 dwellings and 137 short term accommodation units, restaurants, retail, a function facility and theatre.</p><p>Only one submission was made against the proposal relating to traffic impacts for access to a neighbouring property.</p><p>Council officers also noted traffic concerns for the area with infrastructure updates and sewerage improvements earmarked for site which sits within the Southport Priority Development Area.</p><p>Related: <a href="https://theurbandeveloper.com/articles/council-refuses-ridongs-160m-gold-coast-development">Council Refuses Ridong&#x27;s $160m Gold Coast Development</a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/811edc47-090f-419e-a7ff-9cad865c9f99.jpg" width="772"/></picture><div><span style="align-content:center;opacity:0.8">▲ The Southport towers will wrap around Health HQ medical centre.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p></p><p>Council said they would provide $4.9 million toward the upgrade of the sewerage system however the final estimated infrastructure charge for the development is expected to cost $26.86 million.</p><p>The developers previously planned 1,500 dwellings on the site across five towers however this was changed after pre-lodgement meetings with council officers. </p><p>Aland also has plans for <a href="https://theurbandeveloper.com/articles/cwg-international-finally-sells-the-peak-at-parramatta">366 apartment tower</a> at 16 Parkes Street, Parramatta which they purchased from Singapore-listed CWG International for $40 million in late 2017.</p><p>They also own Peak Towers which was located next door to the plagued<a href="https://theurbandeveloper.com/articles/what-we-know-about-sydneys-mascot-towers"> Mascot Towers</a>.</p><p>The Southport development would occur over four stages starting with the shortest tower at 18-storeys and a podium.</p><p>Stage two will include a 50-storey tower, basement carpark and the rest of commercial space before the final stage commenced with the construction of a 62-storey and 71-storey tower.</p><p>The developers tapped architecture firm Tony Owen Partners to design the four tower project.</p></div></div></div></div></div>

The proposal included four curved-slender buildings with 1,019 dwellings and 137 short term accommodation units.

Avenor North Sydney

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Sydney-based developer Avenor has been given the nod to begin building a 30-storey apartment tower at 175 Walker Street in North Sydney.</p><p>The project, dubbed East Walker Street, is being delivered in partnership with Singapore-based Oxley Holdings.</p><p>Conditional approvals for the project have been in place since early 2020 after Avenor amalgamated the 4000sq m high-density, residential zoned, North Sydney site between 2017 and 2019.</p><p>The proposal, for 280 apartments, has been pending gateway determination since February, 2020.</p><p>Architect SJB and Aspect Studios have been appointed to design the residential project, described as a “luxury residential tower”.</p><p>Avenor, formed in 2017, is headed by former Leighton Properties executives Peter Clemesha, Stephen Rayleigh and James Paver.</p><p>Its services include development and investment partnerships, development management and and project management for institutional grade commercial, residential, mixed use and health projects in core cities across the country.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/8ed95105-9491-4ced-8fd0-150820c483ca.jpg" width="1000"/></picture><div><span style="align-content:center;opacity:0.8">▲ The planning controls, gazetted by the department in late-July, can accommodate a 30-storey tower and up to 280 apartments. Image: SJB Architects/Aspect Studios</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Paver, managing director of the property group, said the project, once realised, would provide residents with panoramic views of Sydney Harbour and the Sydney Opera House.</p><p>“It’s the perfect time for the state government and councils to unlock projects like this,” Paver said.</p><p>“This project is right in the sweet spot of the Avenor playbook, being a creative structured acquisition that brings simplicity and life to a complex puzzle. </p><p>“It’s a thoroughly tested building envelope that caters to the myriad of stakeholders with various local agendas, and provides a focus on unlocking excellent public benefit.”</p><p>Paver said the developer had undertaken “complex” stakeholder management leading up to its approval.</p><p>Avenor facilitated two community consultation processes which informed the project’s design principles to ensured that it did not overshadow a nearby public park.</p><p>The developer also proposed to contribute towards a pocket park on Hampden Street as well as local affordable housing.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/2654622b-b702-494b-9786-9aa63db045be.jpg" width="1000"/></picture><div><span style="align-content:center;opacity:0.8">▲ The development is planned for a 4,000sq m high-density residential zoned site. Image: SJB Architects/Aspect Studios</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Nearby, construction has started on a<a href="https://www.theurbandeveloper.com/articles/lendlease-victoria-cross-station-construction"> $1.2-billion commercial tower</a> rising to 42 storeys above the future Victoria Cross metro station being delivered by Lendlease.</p><p>Stockland also has plans in front of council for a<a href="https://www.theurbandeveloper.com/articles/stockland-110-walker-street-north-sydney"> $500-million office tower</a> at 110 Walker Street.</p><p>For Avenor, the approval marks the second successful major project establishment and gazettal in 12 months.</p><p>The first being <a href="https://www.theurbandeveloper.com/articles/atlassian-unveils-timber-tower-hq-at-tech-central">Atlassian’s 40-storey commercial mixed-use tower</a>, which will anchor the <a href="https://www.theurbandeveloper.com/articles/sydney-central-precinct-tech-central">Sydney Innovation and Technology Precinct</a> at Sydney’s Central Station.</p><p>That tower will include approximately 70,000sq m of gross floor area including a YHA accommodation facility of approximately 500 beds, and over 50,000sq m of NLA for Atlassian, as well as a major publicly accessible pedestrian link.</p><p>Avenor is advising Atlassian and Dexus—which is partnering with the technology provider, <a href="https://www.theurbandeveloper.com/articles/dexus-takes-stake-in-atlassian-skyscraper-offloads-grosvenor-place">committing</a> <a href="invest $1.4 billion">$1.4 billion</a> towards the project last month.</p><p>Avenor is also pressing ahead with Connex, a 17,000sq m, A-grade commercial development located in the Mascot town centre, close to Sydney Airport.</p><p>In Penrith, the developer is delivering a similarly positioned 8000sq m A-Grade commercial office development at 129-133 Henry Street.</p></div></div></div></div></div>

    Avenor has been given the nod to commence construction on a 30-storey apartment tower at 175 Walker Street in North Sydney...

Mirvac Green Lit for Controversial $700m Darling Harbour Project

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Australian hotelier Jerry Schwartz has launched a broadside after the approval of Mirvac’s controversial $700-million redevelopment of the Harbourside Shopping Centre in Sydney’s Darling Harbour.</p><p>The NSW Independent Planning Commission signed off on the state significant development comprising mixed-use, retail, commercial and residential development, as well as 8200sq m of public domain works.</p><p>The residential component of Mirvac’s revised plans include the demolition of the 1980s-era shopping centre, to be replaced with a new residential, retail, dining and entertainment precinct, and the construction of a 153m tower with 357 apartments. </p><p>It has been Mirvac’s <a href="https://www.theurbandeveloper.com/articles/mirvac-scraps-plans-on-harbourside">longstanding vision</a> to redevelop the centre along these lines.</p><p>The approval follows a failed attempt to develop the site in 2016, when Mirvac submitted plans for an apartment tower or a commercial tower along with the revamped shopping centre.</p><p>Mirvac re-lodged its <a href="https://www.theurbandeveloper.com/articles/mirvac-1bn-darling-harbour-plans-residential-tower">plans for the site in 2019</a>, proposing a commercial office above the redeveloped shopping centre. The established shopping centre has been a part of Sydney’s popular harbour precinct for more than 30 years.</p><p>Mirvac purchased the property for $252 million in 2013 and is the long-term leaseholder of the site.</p><p>The approved plans, featuring 42 levels of apartments, prompted a scathing attack from the owner of the neighbouring Sofitel Darling Harbour, Jerry Schwartz, who said Mirvac’s project would devalue his 590-room hotel as well as the precinct.</p><p>Schwartz, who heads up the Schwartz Family Company, <a href="https://www.theurbandeveloper.com/articles/hotel-mogul-looks-to-reinvest-in-distressed-market">the largest privately owned hotel group in Australia</a> with 14 hotels and over 4000 rooms, purchased the Sofitel Darling Harbour in 2017 for $360 million.</p><p>Schwartz said Mirvac’s latest development goes against the urban design concept of Darling Harbour, “which is meant to be a tourism and entertainment precinct and not residential”.</p><p>“That plan states clearly that developments should ‘encourage the development of a variety of tourist, educational, recreational, entertainment, cultural and commercial facilities within that area’,” Schwartz said.</p><p>“It says expressly that all other kinds of development should be prohibited.</p><p>“The [state] government has an obligation to uphold the objections of City of Sydney and Darling Harbour’s major tenants, who invested heavily into the precinct based on the provisions of the long-established and fully documented development plan.”</p><p>Schwartz has <a href="https://www.theurbandeveloper.com/articles/mirvac-1bn-darling-harbour-plans-residential-tower">objected to the proposal on numerous occasions</a> saying the views for residents of One Darling Harbour as well as guests at the nearby Ibis and Novotel hotels will be affected.</p><p>Mirvac said it was pleased that the Independent Planning Commission had granted concept approval, adding it would “continue to work through the details around the final conditions”.</p><p>The developer has maintained the delivery of residential dwellings on the doorstep of the Harbour CBD and within the Innovation Corridor would provide a significant boost to Sydney’s supply.</p><p>The redevelopment is expected to deliver more than 4000 jobs in the long-term and approximately 2100 construction jobs during the building phase.</p></div></div></div></div></div>

  Mirvac has been granted approval for a controversial $700 million redevelopment of the Harbourside Shopping Centre in Sydney’s Darling Harbour...

364 – 370 Albert Street, East Melbourne

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Melbourne-based developer Orchard Piper has secured approval for a nine-storey apartment development in East Melbourne.</p><p>The $120-million project will comprise 14 apartments across six levels and two floors for commercial tenancies, all with views of Melbourne’s CBD or the Fitzroy Gardens.</p><p>The site currently includes two heritage homes, which will be retained as part of the development including the three-storey Victorian terrace on the site to be renovated and offered as a townhouse.</p><p>Orchard Piper director Luke McKie said the strategic site acquisition and planning permit represented a significant step up  for Orchard Piper, which has previously worked on smaller boutique developments in South Yarra, Toorak and Armadale.</p><p>“We have been actively acquiring sites through the Covid period with a view to significantly bolstering our pipeline as we move into more substantial projects in Melbourne’s best locations,” McKie said.</p><p>“This East Melbourne project has been designed in direct response to more than 13 years of market feedback from our local owner occupiers.”</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/d6f18ad0-ca54-4fb9-bba0-80a80568bec0.jpg" width="1632"/></picture><div><span style="align-content:center;opacity:0.8">▲ Orchard Piper directors Luke McKie and Rick Gronow have embarked on the joint venture with Harold Handelsman’s Sun Valley Constructions.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>The project, on track to be launched later this year, has been designed by Jolson, marking the sixth collaboration between the architecture firm and the developer.</p><p>The deal to acquire the amalgamated 1200sq m site at 364-370 Albert Street was put together in an off-market transaction over a 12 month period.</p><p>McKie said the developer’s decision to move into the area had been spurred by its popularity as a CBD fringe location, with the suburb’s median house price sitting at $3.3 million.</p><p>Orchard Piper has also purchased three additional sites during the past year, padding out their development pipeline to $450 million.</p><p>The developer has partnered with Harold Handelsman’s Sun Valley Constructions, the owner of the site, on the project.</p><p>Handelsman also has a half stake in an apartment project earmarked for a vacant block at 31 Queens Road on the south side of the city—155 luxury apartments in a 16-storey building opposite Albert Park Lake.</p><p>The development will sit alongside a nine-level office building that Sydney developer Luxcon has marked as its <a href="https://theurbandeveloper.com/articles/sydney-developer-luxcon-moves-into-melbourne">first foray into Melbourne’s residential market.</a></p><p>Luxcon’s managing director Ilya Melnikoff settled a $30-million transaction in January with Run Property Group founder Nathan Cher and plans to build 24 high-end residences on the site with an estimated end value of $130 million.</p><p>Construction on Luxcon’s East Melbourne project is due to begin in June.</p></div></div></div></div></div>

Orchard Piper has secured approval for a nine-storey apartment development in East Melbourne...

Atlassian will move ahead on plans to build a Tech Central tower with timber next to Central Station in Sydney after winning approval on the plans to be developed by Dexus

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Atlassian will move ahead with plans to build a $1-billion-plus tower next to Central Station in Sydney after winning approval for its plans.</p><p>Dexus will develop the tech company’s headquarters as part of a 39-storey mixed-use tower at 8-10 Lee Street, Haymarket in <a href="https://www.theurbandeveloper.com/articles/sydney-central-station-tech-hub-includes-atlassian-anchored-skyscraper">Sydney’s tech central</a> precinct.</p><p>The plans by ShoP Architects and BVN show an “expansive” lobby, retail and dinning on the ground floors, while levels one to six would accommodate the Railway Square YHA and levels seven to 39 would be the Atlassian global headquarters.</p><p>This equated to 58,683sq m of office, 7952sq m of backpackers accommodation, 2579sq m of lobby and retail, along with 492sq m of basement floorspace. </p><p>The five uppermost floors of the building would create an open air environment for wellness facilities, meeting areas, lounge spaces, dining areas and planted terraces.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/5ea86bd3-f8dd-4a1d-a421-a5ae513531ad.jpg" width="800"/></picture><div><span style="align-content:center;opacity:0.8">▲ The Atlassian global headquarters will anchor Tech Central a 24 hectare precinct in Sydney.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>The lower levels incorporated the heritage railway parcels shed and YHA hostel into the development along with a two-level pedestrian link zone to be eventually transferred back to Transport for NSW.</p><p>The 3764sq m site would link the station with Toga and Adina Hotel to the west of the site and Dexus-Frasers site to the south as well as public transport.</p><p>The Sydney-based software company with links to Airbnb, Cisco, ebay, Toyota, Redfin, NASA and Kaiser Permanente originally <a href="https://www.theurbandeveloper.com/articles/atlassian-unveils-timber-tower-hq-at-tech-central">unveiled the plans</a> in June, 2020 and six months later lodged the development application.</p><p>In that time, <a href="https://www.theurbandeveloper.com/articles/dexus-confirms-14bn-atlassian-tower-backing">Dexus committed</a> to funding, developing and investing $1.4 billion in the company headquarters within Sydney’s tech central precinct.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/585b007a-0cde-400f-aa38-9de96fa6981a.jpg" width="800"/></picture><div><span style="align-content:center;opacity:0.8">▲ The other designs considered for the site by 3XN/GXN, MVRDV + COX, John Wardle Architects + SO-IL and Shigeru Ban + Tol&amp; + PTW.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>The design of the tower would achieve high sustainability outcomes for climatic control as well as the use of mass timber according to the application.</p><p>“The design intent of the exterior façade materiality is based on a lighter palette scheme that contrasts with the saturated colour scheme of natural materials at the interior of the building, including mass timber and landscape areas,” the application said.</p><p>“The outer façade is composed of staggered light grey aluminium panels supported by a steel structure that wrap around the exoskeleton columns in between steel mega floors.” </p><p>The vision of the project was to also create 24-7 activation, incorporate the area’s history and improve the public realm for pedestrians while creating an innovative, sustainable anchor development for the precinct.</p></div></div></div></div></div>

Atlassian will move ahead on plans to build a tower next to Central Station in Sydney after winning approval on the plans to be developed by Dexus

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<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>Chinese developer 3 Oceans Property has won approval for its twin-tower development that will tower 43-storeys above Perth’s Scarborough Beach.</strong></p><p>The development will feature two mixed-use residential and hotel buildings, designed by Hillam Architects, offering 345 apartments and 159 hotel rooms on the former Contacio bar site on Scarborough Beach Road.</p><p>The approval comes after six months of ongoing mediation process with the Metropolitan Redevelopment Authority, with the MRA initially rejecting the $450 million twin-tower project in December 2017 citing “significant overdevelopment of the site”.</p><p>Managing director Dyno Zhang said the group had been working on its towers proposal, expected to create 2200 jobs during the construction process and an additional 700 permanent positions once completed, since acquiring the site in 2014.</p><p>Related: <a href="https://theurbandeveloper.com/articles/city-of-perth-reject-plans">City of Perth Reject Plans for Far East’s $160m &#x27;Perth Hub&#x27;</a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/39709604-f7b9-49bf-b0a5-de0711b421d5.jpg" width="578"/></picture><div></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>The proposal, which will more than double the height of the current tallest tower in Scarborough, didn’t come without community opposition. </p><p>Local community group &quot;Sunsets Not Skyscrapers&quot; describe the approval as “a planning disaster for our beautiful coastline”.</p><p>“This development was given every possible concession to completely change the future of our coastline – we will live with this and the precedent it sets, forever,” the group said on its Facebook page. </p><p>For its part 3 Oceans said it had spent more time with the community via a mediation process.</p><p>&quot;We have now included an even greater focus on tourism benefits with dedicated space allocated to a WA Coastal Experience Centre and a WA Market Hall showcasing the best of Western Australian produce,” the developer said last month. </p><p>The revised proposal reduces site coverage to 72 per cent, down from 80 per cent together with overall car parking reduced from 834 to 750 bays.</p><p>The newly-approved project includes 100 public parking bays, an observation deck with art gallery and restaurant, retail and food outlets.</p><p>Urban Development Institute of WA chief executive Allison Hailes welcomes the project as a boost to the local economy.</p><p>“In the current economic climate this is good news for the people of WA,” Hailes said.</p></div></div></div></div></div>

Chinese developer 3 Oceans Property has won approval for its twin-tower development that will tower 43-storeys above Perth’s Scarborough Beach. 

City reveals blueprint for Sydney's rejuvenation

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Three new public domain plans have been simultaneously approved by the City of Sydney. </p><p>The new civic spaces—Chinatown, City South and Town Hall precincts and surrounding public domains—will now be redeveloped to include new increased public spaces, green avenues and slow streets, as well as revitalised laneways and promenades. </p><p>Among the priority projects the city has been readying to assist the state’s economy post-pandemic are a $5-million infrastructure investment in the historic Chinatown precinct and a $10-million upgrade of Belmore Park near Central station. </p><p>Sydney lord mayor Clover Moore said the approved plans would act as a blueprint for the next set of public spaces needing upgrades and attention in critical locations.</p><p>“We first outlined our vision for a lively and engaging city centre in our Sustainable Sydney 2030 plan,” Moore said.  </p><p>“The pandemic has shown just how important our public spaces in the heart of our city are to provide solace, as well as room to move, meet with friends and dine outdoors.”</p><p>As part of the city’s forthcoming, 24ha <a href="https://www.theurbandeveloper.com/articles/sydney-central-precinct-tech-central">Tech Central</a> precinct—an <a href="https://www.theurbandeveloper.com/articles/sydney-central-station-tech-hub-includes-atlassian-anchored-skyscraper">area between Liverpool, George and Elizabeth streets through to Central station</a>—plans will now begin for the redevelopment of Belmore Park.</p><p>Planned works at the 2.1ha park aim to <a href="https://www.theurbandeveloper.com/articles/vision-for-sydney-tech-square-at-central-station">improve activation opportunities</a> within a precinct forecast to deliver <a href="https://www.theurbandeveloper.com/articles/dexus-frasers-central-place-sydney-development">250,000sq m of A-grade commercial space</a> in the coming years and provide a better connection to Central station for 25,000 workers.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/2f4f4925-e573-4d20-bf63-9c366ffdafe9.jpg" width="1600"/></picture><div><span style="align-content:center;opacity:0.8">▲ Initial designs expand park edges to surrounding streets of Eddy Avenue, Hay Street and Pitt Street, establish a central activity area. Image: Supplied</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>In late 2020, the council endorsed plans for the development of Central Square and surrounding streets that will become the epicentre of an expanded Central Sydney by 2050 alongside a renewed Central station. </p><p>Other projects already under way or in planning include the George Street south extension and the pedestrianisation south of Rawson Street to the Pitt Street intersection at Railway Square, and the closure of Barlow Street and St Laurence Lane, which were approved as laneway priority projects in September.</p><p>Longer-term plans include new slow streets that prioritise walking and riding, and laneways that will be developed along Campbell Street, St Laurence Lane, Parker Street and laneway, Randle Lane and Cunningham Street. </p><p>Pitt Street will also be transformed into a green promenade stretching from Central station to Circular Quay with more trees and greenery, seating, outdoor cafes, fine-grain shopfronts and space for entertainment.</p><p>As part of improvements to the Chinatown precinct, which has undergone a numbner of  public place investments since 2010, a further $5-million has been committed for work in the Dixon Street Mall.</p><p>The mall will be revived, with plans for new seating and lighting, and a refurbishment of the famed Dixon Street gates.</p><p>On Quay Street, there are plans for further footpath widening, tree planting, lighting and furniture upgrades as well as space for outdoor dining on this important pedestrian link from Central station to Darling Harbour.</p><p>Longer term upgrades include footpath widening and new seating on Sussex Street between Goulburn and Hay streets, the widening of Ultimo Road between Harris and Thomas streets, and footpath widening on Harbour Street’s eastern side.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/f709c204-3c03-43c9-a738-211bb34b9403.jpg" width="1600"/></picture><div><span style="align-content:center;opacity:0.8">▲ A key project of Sustainable Sydney 2030 is a new Town Hall Square opposite Sydney Town Hall, on a site now predominantly occupied by the Woolworths building. Image: Supplied</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>An ambitious plan conceived more than 30 years ago to build a new public square in the middle of the CBD at Town Hall Square, have also been green lit.</p><p>The new square, which will sit opposite the historic Sydney Town Hall on the corner of George and Park streets, was part of the council&#x27;s broader 2030 vision to reclaim the city centre from traffic and leave a positive legacy of open spaces.</p><p>First discussed in 1982, the process of acquiring properties on the site slated for the redevelopment has been a long-term play for the council, having secured the first and largest piece of the puzzle—the 1400sq m Woolworths site on the corner of Park and George streets —for $6.3 million in 1985.</p><p>The City of Sydney has coughed up about $150 million since 1985, including about $5.8 million for several strata units in one building fronting Pitt Street.</p><p>A new square will now replace the existing shopping centre, imagined as a “contemporary space for public life and civic activity”. </p><p>Proposed plans include upgrading paving, furniture and lighting in front of St Andrews Cathedral and Town Hall, consistent with George Street, with improved access to the underground shopping arcade and surrounding streets. </p><p>Meanwhile, the completion of the new Metro Station in Pitt Street has altered the future role of Park and Druitt streets, with council now planning to create a new green avenue and accommodate a large increase in pedestrians. </p><p>Vehicles will now be encouraged to use the Cross City Tunnel, with the street’s surface reclaimed and transformed into a traffic-calmed avenue with more space for trees, people, public and active transport.</p></div></div></div></div></div>

Three new public domain plans have been simultaneously approved by the City of Sydney...

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<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Brisbane-based developer Spyre Group is set to replace a 12-year-old apartment block with an 18-storey apartment tower on Burleigh’s The Esplanade.  </p><p>The developer pulled together the $16 million deal from the eight owners of the existing building, submitting plans in late 2019 for a $77 million tower on the site. </p><p>The tower, which received approval on Tuesday, takes advantage of new increased-density zoning rules to build to the 53-metre height limit on the 112 The Esplanade site.</p><p>The Bureau Proberts-designed development will comprise 33 apartments over 18-storeys, with 16-levels of half-floor apartments and one ground floor terrace unit. </p><p>Spyre director Andrew Malouf said that a scarcity of development sites and a marked undersupply of luxury apartment stock attracted the developer to Burleigh Heads. </p><p>“This is our fourth attempt of finding a site on The Esplanade,” Malouf said.</p><p>“I think that the advantage we had was that no one looked at [this] site with the idea that an [existing 8-storey building] could be developed.</p><p>“By working with the existing owners and generating development uplift from an additional 10-storeys on the land, it proved to be a very feasible project.” </p><p>Related: <a href="https://theurbandeveloper.com/articles/nielson-pointcorp-lodge-plans-the-esplanade-burleigh-heads">Nielson Properties Lodge Plans for $350m Burleigh Heads Project</a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/b78989b2-c9f7-4819-845b-88e3c1b927bc.jpg" width="920"/></picture><div><span style="align-content:center;opacity:0.8">▲ Spyre will demolish the existing 9-storey tower on the site. Image: 112 The Esplanade, Burleigh Heads.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>The approval comes as the Gold Coast’s southern markets clock their best performance in six years, according to Urbis’ latest apartment report.</p><p>Urbis consultant Lynda Campell said that the southern beaches were the star performer, recording the highest sales rate for the quarter.</p><p>“In 2019, the southern beaches precinct saw a total 434 sales—its highest annual result in six years,” Campbell said.</p><p>“The southern beaches are generally associated with more premium and boutique apartments. Of the 30 monitored developments selling in the precinct currently, only four contain more than 100 units.”  </p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/01b43e3b-cff7-4791-a249-d6e7c783afa0.jpg" width="920"/></picture><div><span style="align-content:center;opacity:0.8">▲ An artist rendering of Spyre Group&#x27;s 18-storey replacement, &quot;Natura&quot;. Image: Bureau Proberts.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>The existing block of apartments on the 1,011sq m beachfront site was developed by Mimi Macpherson—the sister of supermodel Elle—in a joint venture with PM Developments in 2003. </p><p>Demolition on the 18-storey apartment block could begin as early June, while Malouf said the developer will look to launch the project, “Natura”, in early March.</p><p>Further down The Esplanade, Nielson Properties is working through council approval on a <a href="https://theurbandeveloper.com/articles/nielson-pointcorp-lodge-plans-the-esplanade-burleigh-heads">$350 million twin-tower project</a>. The development is set to include Burleigh Head’s first five star hotel.</p></div></div></div></div></div>

Brisbane-based developer Spyre Group is set to replace a 12-year-old apartment block with an 18-storey apartment tower on Burleigh’s The Esplanade.   

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