173 Burke Road & 28 Hope Street, Glen Iris

In this article, we explore where, what, and who is driving the most exciting new developments coming to Melbourne in 2025

<p>Melbourne’s off the plan apartment market received a major boost in October when the Victorian Government announced the immediate abolition of stamp duty, effective for the next 12 months until October 2025.</p>

<p>The surprise announcement quickly ignited a flurry of activity among developers who had previously been holding off launching projects, waiting for a range of unpredictable factors to align before launching new projects.</p>

<p>With this new incentive expected to increase buyer demand, many developers are now eager to get their projects into the market as soon as possible.</p>

<p>As a result, Melbourne is set to see a significant influx of new projects in 2025, from towering CBD developments — which have largely been absent in the past five years — to boutique buildings in some of the city’s trendiest suburbs.</p>

<p>In this article, we explore where, what, and who is driving the most exciting new developments coming to Melbourne in 2025.</p>

<h2>Who:&nbsp;Far East Consortium</h2>

<h2>What: 640Bourke</h2>

<h2>Where: Melbourne</h2>

<p>One of the first CBD tower launches in recent memory is set to hit the market in 2025 with&nbsp;<a href="https://www.urban.com.au/developers/far-east-consortium">Far East Consortium</a>, the developer of the four-tower, $1 billion West Side Place on Spencer Street, seeking to again change the Melbourne CBD skyline.</p>

<p>Early next year they'll launch Monument, just over 600 apartments at 640 Bourke Street, at the eastern end of the long street and a stone's throw from Flinders Station.</p>

<p>[smartcode_project:default project_id=509 project_image_fid=316025]</p>

<p>Monument has been designed by <a href="https://www.urban.com.au/architects/rothelowman">Rothelowman</a> and will integrate four levels of amenities, gallery spaces, and a revitalised Langs Lane which will be in the redeveloped Eliza Tinsley building which dates back to 1925.</p>

<p>One, two and three-bedroom apartments will start from $640,000.</p>

<h2>Who: S P Setia</h2>

<h2>What: Atlas, Melbourne</h2>

<h2>Where: Melbourne</h2>

<p>Malaysian developer <a href="https://www.urban.com.au/developers/s-p-setia">S P Setia</a>, who has been behind the likes of UNO Melbourne, Sapphire by The Gardens, and Fulton Lane, is also set to launch a new tower in the CBD.</p>

<p><a href="https://www.urban.com.au/new-apartments/atlas-melbourne-383-la-trobe-street-melbourne">Atlas Melbourne</a>, a 71-level skyscraper at 383 La Trobe Street, just down the road from UNO, will have just shy of 800 apartments.&nbsp;</p>

<p><img alt="S P Setia" data-entity-type="file" data-entity-uuid="86b6dfc7-9a0d-440c-a7fd-d4c907b82078" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-12-05%20at%209.55.11%E2%80%AFAM.png?VersionId=4ahW0zLY5_UnBUM5O3xqc5LEH_y8o4Ki" /></p>

<p><a href="https://www.urban.com.au/architects/cox-architecture">Cox Architecture</a> has worked with <a href="https://www.urban.com.au/architects/fk-australia">FK Australia</a> to create what it being pitched as "something new for Melbourne, while being entirely of Melbourne.</p>

<p>It pays homage to the history of the 2,850 sqm site, formerly the home of the Royal Mint.</p>

<p>There will be around 163 studio apartments on offer, 373 one-beds, 206 two's, and 55 three-bed apartments, located above a two-level arcade with eight retail tenancies.</p>

<h2>Who: CASA</h2>

<h2>What: 671 Chapel Street</h2>

<h2>Where: South Yarra</h2>

<p>South Yarra's famous Chapel Street is set for an injection of new apartments, and it's not Gurner's Jam Factory redevelopment.</p>

<p>Developer CASA has taken over a site at 671 Chapel Street, a site which has had several planning approvals over the years, the most recent coming earlier this year when Daniel Grollo's HOME was approved for a build-to-rent project.</p>

<p>CASA has grabbed the reigns and will launch a collection of one, two and three-bedroom apartments designed by <a href="https://www.urban.com.au/architects/bates-smart">Bates Smart</a> and in landscaping by <a href="https://www.urban.com.au/landscape-architect/jack-merlo">Jack Merlo</a>.</p>

<p><img alt="Chapel St" data-entity-type="file" data-entity-uuid="6cb508a2-c62e-445b-adaa-09273a4e6406" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-12-04%20at%209.55.34%E2%80%AFPM.png?VersionId=8uC1zmQ_gMSTovkfO0qeTBSDgrkmf82W" /></p>

<p>&nbsp;</p>

<p>The Chapel St site is just behind Melbourne High School, which means protected viewlines to the CBD.</p>

<p>CASA is led by Renato Calandro, a former executive of Grollo's Grocon and HOME. CASA is also working on projects in Fitzroy, Port Melbourne, and a development in North Sydney in a joint venture with Podia.</p>

<h2>Who:&nbsp;Abadeen</h2>

<h2>What: Grandview Prahran</h2>

<h2>Where: Prahran</h2>

<p>The VIC arm of luxury Sydney developer <a href="https://www.urban.com.au/developers/abadeen-group">Abadeen</a> has been active in the market since entering it around 12 months ago.</p>

<p>Currently developing <a href="https://www.urban.com.au/new-apartments/malea-94-burke-road-malvern-east">Malae</a>, a boutique collection of seven apartments in <a href="https://www.urban.com.au/developments/malvern-east-vic-3145">Malvern East</a>, of which more than half are spoken for, will kick off 2025 by launching their second Melbourne project.</p>

<p><img alt="Prahran" data-entity-type="file" data-entity-uuid="6f269a9d-5dc4-4f58-902d-dfb09c2b893b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-12-05%20at%202.38.07%E2%80%AFPM.png?VersionId=1s7os5l9aSLwjGABPuUN34woFNMpQFzx" /></p>

<p>Earlier this year Abadeen, who is being led locally by former CBRE executive and developer Andrew Leoncelli, secured a prime 2,198 sqm site at 616-646 High Street&nbsp;in Prahran. They had Carr put together the designs for <a href="https://www.urban.com.au/new-apartments/grandview-prahran-616-646-high-street-prahran-vic-3181">Grandview Prahran</a>, which curves around a national trust significant Smookt Bark Apple tree.</p>

<p>The four-level building will have 26 large-scale aparments, with the two-beds starting from around 100 sqm and the three's ranging in size to 269 sqm.</p>

<p>Pending council approval which should come in the next week, they will launch the project</p>

<h2>Who:&nbsp;Abadeen</h2>

<h2>Where: Caulfield North</h2>

<p>Abadeen is going large-scale again next year, and another parkside project.</p>

<p>Later in the year they're hoping to launch a new project in&nbsp;<a href="https://www.urban.com.au/developments/caulfield-north-vic-3161?sort=">Caulfield North</a>, predominantly made up of large three-bedroom apartments.</p>

<p>The 1,060 sqm site at <a href="https://www.urban.com.au/new-apartments/219-229-balaclava-road-caulfield-north">219-229 Balaclava Road</a>, directly across from Caulfield Park, came with approved plans for a seven-level building.</p>

<p>Abadeen brought in architecture firm Powell &amp; Glenn to alter the apartment makeup and tweak the design to give it a "New York-style feel".</p>

<p>Large apartments for the downsizer is the path Abadeen is taking in Melbourne, following the blueprint of what Abadeen has created for decades across Sydney's most affluent suburbs in the Lower North Shore.</p>

<h2>Who: Hamton</h2>

<h2>What: Scotch Hill Gardens</h2>

<h2>Where: Hawthorn</h2>

<p>Community developer <a href="https://www.urban.com.au/developers/hamton">Hamton</a> will launch Scotch Hill Gardens, its highly anticipated Hawthorn masterplan on the former home of the University of Melbourne, early next year.</p>

<p>The six-building, low-rise precinct will comprise 365 residences, a mix of apartments and townhouses, as well as 5,500 sqm of new publicly-accessible green space and a new retail village to <a href="https://www.urban.com.au/developments/hawthorn-vic-3122">Hawthorn</a>.</p>

<p>The major residential development <a href="https://www.urban.com.au/new-apartments/hawthorn-vic-3122">Auburn Road</a> is one of the largest to be approved under the Allan government’s accelerated Development Facilitation Program, which seeks to reduce the application timeframe for eligible projects.</p>

<p><img alt="Hamton" data-entity-type="file" data-entity-uuid="ac68e533-8dca-40e9-baf3-66208388e980" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-12-05%20at%2012.26.19%E2%80%AFPM.png?VersionId=H8GgTZQM4C5rsSPVg3X_FP1iu2UN_cd8" /></p>

<p>After a joint application from <a href="https://www.urban.com.au/developers/hamton">Hamton</a> and the University of Melbourne in March 2022, the Planning Minister oversaw the rezoning of the site from public use to enable residential development and approved a detailed development plan to govern planning outcomes for the 1.6ha site.</p>

<p>Hamton’s Founder and Executive Chairman, Paul Hameister OAM, said the project will create a rare opportunity for buyers in a premium suburb that is highly sought-after.</p>

<p>Sales are expected to launch in February.</p>

<h2>Who:&nbsp;Time &amp; Place</h2>

<h2>What: Glen Iris Village Corner</h2>

<h2>Where: Glen Iris</h2>

<p>Diversified property developer <a href="https://www.urban.com.au/developers/time-place">Time &amp; Place</a>, in partnership with Woolworths Group, is expected to launch sales of its recently approved $150 million mixed-use development in Glen Iris.</p>

<p>The five-level project at 173 Burke Road will comprise 60 apartments targeted at downsizers and young and multi-generational families.</p>

<p><img alt="First look: Time &amp; Place and Woolworths greenlit for Glen Iris mixed-use precinct" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-10-25%20at%204.22.55%E2%80%AFPM.png?VersionId=g6dEr7RH5iiSXAiBdostA8ZkM5Na.ISi" /></p>

<p>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;</p>

<p>Time &amp; Place Founder and Director, Tim Price, says one of the primary focuses of the project has been addressing the need for diversification in housing typologies of Glen Iris.</p>

<h2>Who:&nbsp;Goldfields</h2>

<h2>Where: Richmond</h2>

<p>Diversified national property developer <a href="https://www.urban.com.au/developers/goldfields-group">Goldfields</a> is heading to <a href="https://www.urban.com.au/developments/richmond-vic-3121">Richmond</a> for its latest residential development.</p>

<p>The plan is for a 12-level, mixed-use building with 125 apartments above ground floor retail at <a href="https://www.urban.com.au/new-apartments/9-15-brighton-street-richmond">9-15 Brighton Street</a>, near East Richmond Station.</p>

<p><img alt="Goldfields ready new $150 million mixed-use development in Richmond" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Richmond%20Site%202.jpg?VersionId=vxKyRwoFAeVSG58o3XXX7E7KTR3UEbEj" /></p>

<p>Rob Granger, Goldfields General Manager – Built Form, said the new project&nbsp;will bring another high-quality residential development to Richmond.</p>

<p>Cera Stribley has designed the building which will sit in landscaping by <a href="https://www.urban.com.au/landscape-architect/jack-merlo">Jack Merlo</a>.</p>

<h2>Who: Kincrest</h2>

<h2>What: The Osment</h2>

<h2>Where: Prahran</h2>

<p>Developer <a href="https://www.urban.com.au/developers/kincrest">Kincrest</a> will be bringing one of the best parkside developments to <a href="https://www.urban.com.au/developments/prahran-vic-3181">Prahran</a>, on a prime 1,613 sqm site on Grattan Gardens.</p>

<p>They'll be launching 22 two, three and four-bedroom apartments across a seven-level building at 3-7 Grattan Street, a site with a 35-metre frontage to the popular Prahran park.</p>

<p><img alt="The 10 hottest off the plan apartment developments coming to Melbourne in 2024 " data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screen%20Shot%202024-06-11%20at%2010.36.50%20am.png?VersionId=CHSl4.FRxEblmX8Chkbm5NRiGvmTYAZE" /></p>

<p>The mixed-use plans by <a href="https://www.urban.com.au/architects/cheah-saw-architecture">Cheah Saw Architecture</a> will include two levels of strata offices and a ground-floor cafe and retail space that will face the park.</p>

<p>"The Greville St precinct, with positive input from the City of Stonnington, has rejuvenated in recent years, we’re really excited to be within such a historical, vibrant area of life," Kincrest Director Tom Howgate says.</p>

<p>"We see this development as contributing to a world-class location."</p>

<h2>Who:&nbsp;Milieu</h2>

<h2>What:&nbsp;Saxon Street by Milieu</h2>

<h2>Where: Brunswick</h2>

<p>Design-driven developer <a href="https://www.urban.com.au/developers/milieu-property">Milieu</a>&nbsp;is returning to <a href="https://www.urban.com.au/developments/brunswick-vic-3056">Brunswick</a> for its next development, Saxon Street by Milieu, which will launch in early 2025.</p>

<p>Adjacent to the Brunswick Baths and Library, Saxon Street by Milieu will offer a mix of 80 one, two, and three-bedroom apartments designed by <a href="https://www.urban.com.au/architects/jackson-clements-burrows-architects">Jackson Clements Burrows Architects</a>, with interiors by DesignOffice and landscaping by Oculus.</p>

<p>This will be Milieu’s eighth project with DesignOffice and alongside sustainability as standard, Milieu says the apartments "will embody the layers of thought of how people really live in apartments and how good design has a positive impact on our everyday lives."</p>

<p>[smartcode_project:default project_id=136434 project_image_fid=306343]</p>

<p>Saxon Street by Milieu will sit within the Merri-bek Arts and Culture Precinct and will contribute to the public realm through improved pedestrian access and enhancements to local infrastructure.&nbsp;</p>

<p>Its emphasis on community impact aligns with the precinct’s evolution as a hub for arts, wellness, and cultural initiatives, complemented by nearby projects like Siteworks, which will support the local creative scene.</p>

<p>Milieu is currently developing <a href="/new-apartments/elsternwick-gardens-by-milieu-8-gordon-street-elsternwick-vic-3185">Elsternwick Gardens</a> on a landmark 1.1-hectare site neighbouring Rippon Lea Estate. Later next year they'll also be launching a new project on Derby Street, Collingwood and are also part of a consortium developing the Fitzroy Gasworks site.</p>

<h2>Who:&nbsp;Cbus Property</h2>

<h2>Where: Melbourne</h2>

<p><a href="https://www.urban.com.au/developers/cbus-property">Cbus Property</a>, a wholly owned entity of Cbus Super, has its eyes on launching its new St Kilda Road project next year.</p>

<p>Having snapped up a 3,036 sqm site at 437 St Kilda Road last year, Cbus is planning a 17-level building with just over 80 apartments.</p>

<p><img alt="Cbus Property set for first St Kilda Road apartment development" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/437%20St%20Kilda%20Road.jpg?VersionId=FG_zho7Kvfgz9nrse0vISvy57P4TGZwk" /></p>

<p>Describing the site as one of Melbourne's premier undeveloped residential opportunities, Cbus Property's CEO Adrian Pozzo highlighted its prime location, offering views across Fawkner Park and proximity to the CBD, Toorak Road, South Yarra, and Albert Park.&nbsp;</p>

<p>The development will include various residential amenities such as an indoor pool, gym, residents' lounge, and private dining room.&nbsp;</p>

<p>The project represents Cbus Property's fourth collaboration with Bates Smart, following ventures like Classic East Melbourne, 35 Spring St, and 17 Spring St.</p>

<h2>Who:&nbsp;Piccolo</h2>

<h2>What:&nbsp;A Piccolo House, Barry Street</h2>

<h2>Where: Kew</h2>

<p>Downsizer-focused developer&nbsp;<a href="https://www.urban.com.au/developers/piccolo">Piccolo</a>&nbsp;has its latest installment of A Piccolo House, its brand that is resonating with downsizers.</p>

<p>Currently delivering <a href="https://www.urban.com.au/new-apartments/a-piccolo-house-gore-st-fitzroy-385-gore-street-fitzroy">A Piccolo House Gore Street</a> in <a href="https://www.urban.com.au/developments/fitzroy-vic-3065">Fitzroy</a>, Piccolo looks set to launch its <a href="https://www.urban.com.au/developments/kew-vic-3101">Kew</a>&nbsp;apartment development at 18 Barry Street,&nbsp;transforming the 8,475 sqm site near Kew Junction into another high-end residential development.&nbsp;</p>

<p>[smartcode_project:default project_id=141498 project_image_fid=290942]</p>

<p>A Piccolo House, Barry Street will comprise&nbsp;five three-level buildings designed by <a href="https://www.urban.com.au/architects/woods-bagot">Woods Bagot</a>&nbsp;with&nbsp;60 two, three, and four-bedroom apartments.&nbsp;</p>

<p>Landscaped by ACRE, the buildings will surround a central communal area, with features like private outdoor spaces, a north-facing courtyard, and an amenities building called "The Meadow."</p>

<p>Residents will enjoy a range of shared facilities, including a wine cellar, rooftop garden, gym, yoga room, spa, golf simulator, and a guest studio.&nbsp;</p>


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