The Abedian family is getting closer to finalizing plans for its&nbsp;new apartments on the site of the former Greenmount Beach Hotel.

The Abedian's, under their new development company Arium, spent $42.1 million on the&nbsp;amalgamated 7,071 sqm block, bordering Marine Parade, Eden Avenue and Hill Street, back in 2021, before going into planning mode for the prime site which sits between Rainbow Beach and Greenmount Beach and offers never-to-be-built-out views over the sand.

They're subdividing the site, and will deliver the projects in two stages. The first application came in in 2023 when they submitted a plan for a 16-level tower with 54 apartments designed by Contreras Earl Architecture.

<img alt="Contreras" data-entity-type="file" data-entity-uuid="71b7bba5-2adb-418a-83bc-e2031975ebed" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-28%20at%202.42.42%E2%80%AFPM.png?VersionId=brdiy5HM_TdBE2LTzE30XZe0WJlB3RYx" />The former plans by Contreras Earl Architect on the northern section of the site

Those plans were superseded earlier this year when Arium had&nbsp;111 Design Studio completely redesign the development, proposing two 14-levels with 63 apartments fronting Marine Parade.

Now, sticking with 111 Design, Arium has submitted plans for the 2,580 sqm section of the site that fronts Eden Lane. The plans are for two eight-level buildings with 45 apartments, made up of 14 two-bedroom apartments and 31 three bedrooms.<img alt="Rainbow" data-entity-type="file" data-entity-uuid="79c5bad7-8de1-4942-8336-0302f6624fd2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-28%20at%201.47.32%E2%80%AFPM.png?VersionId=dWSOdM2a1rMiEbubhQgAZ727wG8QPmAi" />The new plans by 111 Design Studio

The Town Planning Report by Zone Planning said the&nbsp;architecture of the buildings has been carefully curated having regard to the built form, scale and appearance of the two towers on the northern side of the site.

"The proposed towers incorporate the same high-quality concave balustrades and wrapping balconies that project from the corners of the building, the report noted.

"These feature elements give the buildings’ shape, introduce shadow play and visual depth to the elevations. The clear balcony glazing promotes through the edges of the buildings’ which reduces perceived building bulk and the potential for overbearing form/scale."

The 78 parking spaces will sit across two basement levels. The ground level communal area facilities will comprise&nbsp;a water feature, lounge areas, outdoor BBQ areas, lawn terraces, lounge areas, a gym, and extensive landscaping.

One of the rooftops will have&nbsp;lawn terrace areas, kids play area, fire pits, breakout spaces, terrace seating and communal vegetable gardens, while the other building has upper and lower levels that will home&nbsp;lawned areas, communal vegetable gardens, fire pits, a swimming pool, a sauna, and a spa.

<img alt="Eden" data-entity-type="file" data-entity-uuid="cfa3ab98-61fd-499f-8e8d-286e7de37150" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-28%20at%203.03.33%E2%80%AFPM.png?VersionId=3b8ZyNQNU.nqf2kPWzolncaEVlPTd5zs" />

The Abedian family shut down Sunland and started Arium.

The developer has since bought two adjoining sites in Broadbeach, from Little Projects and Bassar Group.

They then secured a&nbsp;516 sqm site at 11 Anne Avenue from Di Carlo Property Group.

Joel Robinson

First look exclusive: Abedian family propose second stage of Greenmount Beach Hotel redevelopment

Elizabeth Bay has netted one of its highest apartment sales to date with a $24 million sale of a sub penthouse in the under-construction apartment development, Billyard Ave.

The highest price was set when the whole floor penthouse within the same project sold for $30 million to&nbsp;former head of USB Matt Allen, the owner of Sydney to Hobart winning ocean racer, Ichi Ban.

The other su bpenthouse sold for $22 million to Paul Keating’s confidante and lawyer Chris Coudounaris, and the garden manor residence sold for $17.5 million to Tina Green, widow of the late hotelier Maurice Green.&nbsp;

There are just&nbsp;nine residences in the high-end development that is almost complete.&nbsp;

The recent buyers of the sub penthouse are an Eastern Suburbs couple relocating from a large family home in Bellevue Hill with a strong affiliation with Elizabeth Bay. The property’s size, location, and unparalleled finishes were key factors in their decision to purchase.

Ray White Projects Managing Director,&nbsp;Eddie Mansour, says the sale of the sub penthouse at Billyard Ave demonstrates the unwavering demand for premium properties in this prestigious location.

"The unique features and the exceptional design of this residence have attracted buyers looking for something truly special," Mansour said.

“This sale not only underscores the rarity of house-sized apartments in the market, but also the continued trend of buyers looking to rightsize, rather than downsize, without compromising on luxury.

“The demand for these unique residences is stronger than ever.”

<img alt="East" data-entity-type="file" data-entity-uuid="1bec843e-a77b-4259-bddd-1e7c488777be" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-28%20at%201.14.28%E2%80%AFPM.png?VersionId=G_6DwWk_8fmRHgpjQ3qYPd1seC6eKrdf" />

The apartment comprises four bedrooms, four and a half bathrooms, three car spaces, and expansive living and dining areas, totaling 360 sqm of internal space with harbour views.

&nbsp;

Billyard Ave, designed by award-winning architects Adam Haddow and Victoria Judge from SJB, features nine exclusive residences ranging internally from 360 sqm to 400 sqm. The building will also showcase sculptures by renowned artist Mika Utzon Popov, further adding to its appeal.

Developer Peter Walsh from NorthEast Corp, in collaboration with Philippe Remond of P3 Living, is very proud of the project’s success.&nbsp;

"We envisioned a residence that met the needs of discerning buyers who value size, features, and finishes," Walsh says.

"The local market's reception has exceeded our expectations, proving that our vision resonates with those looking to embrace a luxurious lifestyle in the Eastern Suburbs,” Walsh said.

"Our financial partner, MA Financial, run by Andrew Pridham, recognised the demand for this unique project and bought into the vision of Billyard Avenue."

Billyard Ave sub penthouse sells for around $24 million

&nbsp;

In&nbsp;bustling metropolitan cities like Melbourne, the allure of living on a park offers a refreshing respite from inner-city life.

New apartment developments on a park are hard to come by, given the cost of land surrounding a park, much like being beachfront, is typically more expensive.

That's why parkside apartments offer something from both a lifestyle and an investment standpoint, as the lack of abundance of parkside apartments generally speaking means they hold their value, attract more potential buyers, and can yield higher rents.

Parkside apartments appeal to a diverse range of buyers, especially families and pet owners who view the park as an extension of their living space. These developments are often designed to incorporate the natural surroundings, with apartments strategically oriented to maximize views of the greenery, both from inside the homes and on their balconies.

Melbourne is famous for its parks, but a lack of supply means opportunities for buyers are few and far between, with only a handful of new parkside developments coming every year.

We've shone a light on the top four apartment developments currently for sale, and under construction, on some of Melbourne's best parks.

<h2>What: Prince &amp; Parade by Mirvac, Brunswick</h2>

<h3>Where: 701 Park Street, Brunswick VIC 3056</h3>

<h3>Who: Mirvac</h3>

Mirvac's latest parkside apartment development, Prince &amp; Parade, has proven to be a hit with local buyers from Brunswick, as well as the neighbouring Parkville, Princes Hill, and Carlton.

&nbsp;

[smartcode_project:default project_id=4802 project_image_fid=217137]

The parkside location on the 39-hectare Princes Park,&nbsp;home of Carlton Football Club, walking paths, sports grounds, and playgrounds,&nbsp;has been one of the biggest drivers in purchasing.

Designed by Bates Smart in collaboration with Mirvac Design and landscaped by Jack Merlo, Prince &amp; Parade comprises 144 one, two, three, and four-bedroom apartments.

[smartcode_project:default project_id=4802 project_image_fid=217119]

<a href="https://www.urban.com.au/new-apartments/prince-parade-by-mirvac-brunswick-701-park-street-brunswick">Prince &amp; Parade</a> is also just four kilometres from the CBD and is within walking distance of the historically vibrant suburbs of Melbourne's inner north. It's also just a short walk to Jewell Train Station and Royal Park Train Station.

Early site works have commenced on the development by Mirvac's inhouse construction arm.&nbsp;

<h2>What: Maléa, Malvern East</h2>

<h3>Where: 94 Burke Road, Malvern East VIC 3145</h3>

<h3>Who: Abadeen Group</h3>

Maléa is the first development by the Victorian arm of luxury developer Abadeen, a developer who's name has been synonymous with quality apartment developments across Sydney for the best park of two decades.

Their first development is on Central Park in Malvern East where they've created just seven apartments across a boutique building designed by Ewert Leaf with interiors by Carr.

[smartcode_project:default project_id=141969 project_image_fid=222388]

The Burke Road location will put residents across from the seven-hectare Central Park that is bordered by just three streets, making Maléa an incredibly rare opportunity.

Andrew Leoncelli, who leads the Victoria arm of Abadeen, says they chose the site for&nbsp;Maléa because of its incredible location opposite Central Park in the beating heart of&nbsp;<a href="https://www.urban.com.au/developments/malvern-east-vic" target="">Malvern East</a>.

"We are committed to delivering a project of exceptional quality in this dynamic and thriving community across from one of the great heritage parks moments from all the very best that&nbsp;<a href="https://www.urban.com.au/developments/melbourne-vic" target="">Melbourne</a>&nbsp;has to offer," Leoncelli says.

[smartcode_project:default project_id=141969 project_image_fid=222407]

Brompton is currently building Malae, which is expected to complete in late 2025.

<h2>What: Eblana, East Melbourne</h2>

<h3>Where: 140-142 Jolimont Road, East Melbourne VIC 3002</h3>

<h3>Who: PB &amp; Co.</h3>

Fitzroy Gardens is one of Melbourne's most well-known parks with historically significant gardens throughout its 26 hectares.

Luxury developer PB &amp; Co. recently revealed <a href="https://www.urban.com.au/new-apartments/eblana-east-melbourne-140-142-jolimont-road-east-melbourne">Eblana</a>, just four full-floor apartments on Joilimont Road, just 300 metres away from the southern end of Fitzroy Gardens, with Jolimont Reserve and Wellington Park even closer.

[smartcode_project:default project_id=108801 project_image_fid=236536]

The ultra-high-end project will see the redevelopment of the landmark former residence of Young &amp; Jackson publican Thomas Jackson.

Each apartment will have three bedrooms, multiple living zones, winter gardens and study retreats, as well as a fully automated car parking system likened to a James Bond-style parking.

[smartcode_project:default project_id=108801 project_image_fid=236544]

The three-level penthouse, expected to sell for over $20 million, will have views over Fitzroy Gardens and Melbourne's skyline. It will feature a private rooftop terrace and infinity pool, accessed by either an internal lift or a sculpted spiral staircase.

All residents will have access to a fitness centre, landscaped communal spaces for entertaining guests, and a private concierge service.

<h2>What: Highett Common</h2>

<h3>Where: 37 Graham Road, Highett VIC 3190</h3>

<h3>Who: Sunkin Property Group</h3>

While not next to an established garden so to speak, the apartment buildings in Sunkin Property Group's <a href="https://www.urban.com.au/new-apartments/highett-common-37-graham-road-highett">Highett Common</a> will be surrounding by new parks and landscaped pathways.

Four hectares of the large 9.3-hectare block has been reserved for greenery, three of which for a conservation area and one hectare for public parkland.

[smartcode_project:default project_id=108019 project_image_fid=300063]

The design of the open spaces has been inspired by the nature already on the site, says Tract senior principal landscape architect Mariano Lopez.&nbsp;

&nbsp;

Highett Common will feature several architecturally designed apartments and townhomes that will home more than 1000 residents, with the buildings arranged so they overlook the parklands.

[smartcode_project:default project_id=108019 project_image_fid=300077]

After great success of the first two stages, Sunkin recently released the third stage of&nbsp;<a href="https://www.urban.com.au/developments/highett-vic" target="">Highett</a>&nbsp;Common. The Mews Collection comprises a trio of buildings with 185 one, two and three-bedroom apartments. The Mews Collection also includes the first luxury apartments within the precinct.

<a href="https://www.urban.com.au/developers/sunkin-property-group">Sunkin Property Group</a>&nbsp;is expecting the first stage of Highett Common to be complete by late 2025.

Melbourne is famous for its parks, but a lack of supply means opportunities for buyers are few and far between, with only a handful of new parkside developments coming every year.

Melbourne's top four parkside apartment developments under construction and selling in October 2024

Diversified property developer Time &amp; Place, in partnership with Woolworths Group, has been given the green light by the Victorian State Government for its $150 million mixed-use development in Glen Iris.

Designed by award-winning architects <a href="https://www.urban.com.au/architects/cera-stribley-architects">Cera Stribley</a>, the five-level project at 173 Burke Road will feature 60 apartments, including affordable homes - targeted at downsizers, young and multi-generational families - alongside a full-line Woolworths.

The planning approval follows engagement over many years with the local community, the City of Stonnington, as well as the Department of Transport and Planning, together with the Office of the Victorian Government Architect, and reflects feedback received on urban design, local character and traffic and car park management.

This project will target a 5-star Green Star rating from the Green Building Council of Australia for the residential aspect, showcasing a commitment to sustainability that reduces carbon emissions while also reducing costs for future homeowners and business tenants.

<img alt="Glen Iris" data-entity-type="file" data-entity-uuid="89e83062-9657-4049-9492-d5e27a8d4b77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-25%20at%204.23.03%E2%80%AFPM.png?VersionId=ub8Ynl4vFqDo6W4avTfxWVPEWEwwbZQB" />

The development's ground floor will feature a brand-new Woolworths supermarket, designed to provide a convenient, fresh retail offer for the local Glen Iris community, including a six-bay Direct to Boot facility.&nbsp;

From a design perspective, the external façade features inverted arches made from artisanal brickwork, reflecting Glen Iris's architectural heritage. Contemporary and timeless design features are designed to blend seamlessly with the neighbourhood’s character, reflecting Melbourne’s appreciation for raw materiality and Victoria’s architectural history.

<a href="https://www.urban.com.au/developers/time-and-place">Time &amp; Place</a> Founder and Director, Tim Price, says one of the primary&nbsp;focuses with the project has been addressing the need for diversification in housing typologies of Glen Iris.

"This project aims to meet the evolving needs of the community and enhance the overall vibrancy of the area," Price says.

"Our commitment is to enrich the suburb’s housing landscape and ensure it remains a dynamic and accessible place to live. This approach is informed by our observations of the positive impact that our Victoria Hill project has had in Camberwell, emphasising the importance of varied housing solutions to support a diverse and thriving community."

Time & Place Founder and Director, Tim Price, says one of the primary focuses with the project has been addressing the need for diversification in housing typologies of Glen Iris.

First look: Time & Place and Woolworths greenlit for Glen Iris mixed-use precinct

Sloane Property Group&nbsp;has catered for two of the most important aspect ofs homebuying at its new Mentone townhouse development, <a href="https://www.urban.com.au/new-townhouses/kindred-mentone-brindisi-street-mentone">Kindred</a>.

The Urban Community said both the floorplans on offer, and the&nbsp;<a href="https://www.urban.com.au/developments/mentone-vic-3194">location of Kindred</a>, are the two best qualities in the new architecturally-striking townhouse development.

The townhouses each span three levels and have three bedrooms. A rare feature of the townhouses is the&nbsp;usable two-car garage, which Sloane expects to not only be used for parking a car, but for a home gym or office setup.

&nbsp;

[smartcode_project:default project_id=138768 project_image_fid=309787]

The rooftop decks are too a rarity in a suburb that is dominated by houses. Several of the townhouses feature roof decks with views across the bay.

The kitchens at Kindred serve as both functional and aesthetic focal points, with floating islands, premium reconstituted stone benchtops, soft-close oak cabinetry and stainless steel appliances. They've been designed to entertain and promote family interaction.

[smartcode_project:default project_id=138768 project_image_fid=214860]

Kindred’s architecture by Sloane's longtime partner <a href="https://www.urban.com.au/architects/megowan-architectural">Megowan</a> is deeply inspired by its coastal setting, with the recycled cream brick exterior and white timber slats mirroring the colours and textures of Mentone Beach.

The Scandinavian avant-garde influences bring a modern yet organic feel to the development, evident in the curves and timber features that define the homes.&nbsp;

The integration of large windows and flowing balconies allows natural light to flood the interiors while maintaining a seamless indoor-outdoor connection.

&nbsp;

[smartcode_project:default project_id=138768 project_image_fid=214862]

The Urban Community has also been impressed with the location of Kindred.

Located on Brindisi Street, Kindred residents will sit across the road from Mentone Reserve, with an oval and playground, and a short walk to the centre of Mentone where there's the suburb's retail precinct and train station.

It's just one kilometre metres from the beach where there's the Bay Trail, a dog-friendly beach, and the Mentone Lifesaving Club.

[smartcode_project:default project_id=138768 project_image_fid=214989]

&nbsp;

Construction of Kindred is well underway, and <a href="https://www.urban.com.au/developers/sloane-property">Sloane</a>&nbsp;expects the townhouses to complete by the end of 2025.

Around half of the townhouses are spoken for.

[smartcode_project_cta:default project_id=138768]

Construction of Kindred is well underway, and Sloane expects the townhouses to complete by the end of 2025

Haileybury College buys likely Melbourne CBD campus site

Jonathan Chancellor

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