Toorak Village - 420-426 Toorak Road, Toorak

<ul>
	<li>Redevelopment of Mercedes Benz site</li>
	<li>Construction of an 8-storey mixed-use development</li>
	<li>Comprises 43 luxury apartments:
	<ul>
		<li>14 two-bedroom apartments</li>
		<li>26 three-bedroom apartments</li>
		<li>1 four-bedroom apartment</li>
		<li>2 penthouses</li>
	</ul>
	</li>
	<li>Includes 13 office tenancies ranging from 100sq m to 500sq m</li>
	<li>Features 5 retail tenancies on the ground floor</li>
	<li>Includes a licensed restaurant with a seating capacity of 180</li>
	<li>Provides basement car parking for 160 vehicles</li>
	<li>Incorporates landscaping elements</li>
</ul>

<ul><li>Redevelopment of Mercedes Benz site</li>
	<li>Construction of an 8-storey mixed-use development</li>
	<li>Comprises 43 luxury apartments:
	<ul><li>14 two-bedroom apartments</li>
		<li>26 three-bedroom apartments</li>
		<li>1 four-bedroom apartment</li>
		<li>2 penthouses</li>
	</ul></li>
	<li>Includes 13 office tenancies ranging from 100sq m to 500sq m</li>
	<li>Features 5 retail tenancies on the ground floor</li>
	<li>Includes a licensed restaurant with a seating capacity of 180</li>
	<li>Provides basement car parking for 160 vehicles</li>
	<li>Incorporates landscaping elements</li>
</ul>

7-19 Carters Avenue, Toorak

One Circular Quay - 1 Alfred Street, Sydney

448 St Kilda Road, Melbourne

Since being founded over a decade ago, arguably no one has put more of a stamp on the luxury end of the Melbourne apartment market than Orchard Piper.

Three of their most architecturally-focused projects over the years have been in Toorak, which is not only one of Melbourne's, but one of Australia's most affluent suburbs.

More billionaires call Toorak home than Sydney's harbourfront Point Piper, which says two things: Land that can make financial sense for a project is incredibly hard to come by, and what you have to put together has to be right, because the buyer is someone who sits in Australia's top one per cent, and they won't settle for anything less.

Orchard Piper's latest play is in Toorak, and&nbsp;it's quite possibly their most strategic development yet.&nbsp;

For the last few years they've been putting together a site in Toorak Village where they've recently released just nine luxury apartments above office and retail. They've already sold five out of the nine apartments without any fanfare, with prices starting from $4,995,000. The 400 sqm penthouse sold off market for $12.5 million.

They had the Singapore-based Kerry Hills Architects design the building, their first project in Australia.

<img alt="Toorak Village" data-entity-type="file" data-entity-uuid="4953e130-f411-43dc-8887-208add967ce5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/03.%20Toorak%20Village_External_Toorak%20Road%20copy.jpg?VersionId=9zqAGbbnyGnL7ZqACqLEk0XV.QLtBzsQ" />

I recently caught up with Luke McKie, who said that while Toorak has always attracted people looking for larger properties, the high street has lagged behind.

But McKie says the village is now starting to catch up.

"It's not too dissimilar to Double Bay in Sydney five years or so ago, where the whole village has undergone a repositioning," Mckie says.

"That's now well underway in Toorak and will bring the high street to the same level of what the suburb deserves."

Orchard Piper were clever in their planning phase. They knew the market in Toorak was for large apartments. Ones or twos won't have sufficed. So they created an incredibly exclusive development of just nine three-bed apartments, activating the streetscape below with hospitality spaces and office stock which will contribute to the transformation of Toorak Village.

McKie says every buyer has been from the Toorak postcode, and exclusively downsizers.

<img alt="Toorak" data-entity-type="file" data-entity-uuid="3bcab178-3c64-4328-9c67-f91a619ab4ab" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Toorak%20Village_Commercial_Interior.png?VersionId=5_WpJiT0pDDpEHq3g6zXO5RAVAqFlY.H" />

"Anyone that's local knows how rare this opportunity is," McKie adds.&nbsp;

"It's a consolidation of land in Toorak Village which hasn't happened before, and will be difficult to ever replicate. Most of the buyers already knew the site, and knew we were going to do the project, it was then just a case of timing.&nbsp;

"We knew the play was to keep the local market up to date with what's happening, rather than looking to get in front of as many eyes as possible through traditional marketed methods. It's been a hyper localized campaign, serving individuals rather than the masses."

OP have a full book heading into 2024 with Toorak Village and a luxury apartment and hotel development on St Kilda Rd, the first time Orchard Piper has ventured into that type of product.

The project&nbsp;will include a contemporary 5-star hotel, along with&nbsp;<a href="https://www.urban.com.au/news/orchard-pipers-luke-mckie-discusses-the-shift-to-the-owner-occupier-market" target="">Orchard Piper</a>&nbsp;residences, a 500 sqm day spa, mezzanine restaurant and bar, street level café, and health and wellness amenities with conferencing and event facilities.

<img alt="St Kilda rd" data-entity-type="file" data-entity-uuid="e0cf6291-c5a8-4232-94bd-3c05c9cf17a7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-16%20at%202.40.29%20pm.png?VersionId=fFeW_Qi6ysahdzA2FRewVPYQw9zFOLk8" />

They're teaming up with the Carter family, who have a long development history having developed the&nbsp;luxury boutique hotels Tingirana and Seahaven in Noosa, as well as the landmark residential project, Albert Tower in Melbourne.

"It's a perfect partnership because we bring the residential knowledge to the project, and the Carter family has the land and development expertise, and history in hospitality. Together it will make for a landmark project."

McKie says they very much see value in amenity and service to high end apartments, and hotels are a good way to do that.

"We certainly see there’s a market that’s demanding a higher level of service, not just an apartment in a good spot. We're adapting our model to suit that."

Orchard Piper's latest play is in Toorak, and it's quite possibly their most strategic development yet

Joel Robinson

Creating luxury apartments in luxury suburbs: Five minutes with Orchard Piper's Luke McKie

High-end developer <a href="https://www.urban.com.au/developers/orchard-piper">Orchard Piper</a> has appointed Cobild to construct their mixed-use apartment and office building Toorak Village, after securing a number of sales at the premium project on the corner of Mathoura and Toorak Road.

The $120 million development, designed by Kerry Hill Architects, has already seen over $60 million in office and apartment sales.

Works have commenced on site at&nbsp;109 Mathoura Road and 420-426 Toorak Road, where the 400 sqm penthouse has already sold for $12.5 million.

Kay &amp; Burton Director Andrew Sahhar said the project is receiving continued interest with Stonnington locals who are looking to secure a coveted and rare opportunity on one of the most recognisable corners of the Village.

“In a market plagued with scarcity, there are limited offerings for buyers in the area, with a very restricted supply outlook," Sahhar says.

"We’re seeing interest from a range of buyers, who have become attracted to the revitalisation of the Village, which is being restored into an exciting high street once again thanks to the emergence of quality nearby development and new A-grade retail and hospitality outlets."

<img alt="Orchard Piper" data-entity-type="file" data-entity-uuid="f74c0fae-e661-4259-b509-da45f2d9af1c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-10-17%20at%204.36.31%20pm.png?VersionId=4JQMjyGmIi6Vr67nQiiBh35zOClKbPiG" />

Four apartments have been sold prior to public advertising, which Sahhar says is testament to the name <a href="https://www.urban.com.au/developers/orchard-piper">Orchard Piper</a> has built for itself in the luxury market.

"This combined with the attraction of an international architect like KHA, who are renowned for their ultra-luxury hotel designs, is creating further interest from interstate and international buyers.”

Toorak Village comprises just nine apartments, all with private lobbies, a resident gym, and a concierge. Each apartments has a minimum three bedrooms and three bathrooms, as well as multiple living spaces. There's just two apartments per floor.

In just seven weeks, 60 per cent of the project’s limited three-floor office spaces have also been sold by Colliers, with the latest sale, a 126m2 suite, fetching $2.3 million; setting a new city fringe and suburban record, with a record strata office building rate of $18,250 per sqm.

The commencement of construction for the Toorak Village project is occurring concurrently with the City of Stonnington’s streetscape upgrades between Wallace Avenue and Grange Road. These works are well underway, with new art projects, footpaths, greenery and lighting to be introduced to elevate the Village back to former glory.

Alongside streetscape upgrades, the project adds to the recently completed St Germain building, located up the road at 495-505 Toorak Rd, which features a Coles Local, Cecconi’s and boutique retail offerings below a premium office building.

The Toorak Village project is one of <a href="https://www.urban.com.au/developers/orchard-piper">Orchard Piper’s</a> four active projects, part of its $800m pipeline scheduled for annual completion over the next four years.

Works have commenced on site at 109 Mathoura Road and 420-426 Toorak Road, where the 400 sqm penthouse has already sold for $12.5 million

Orchard Piper appoint Cobild to construct Toorak Village development after apartment and office sale blitz

Luxury property developer Orchard Piper has submitted plans for its $400 millon mixed-use development on the well-known Mercedes Benz site in Melbourne's Toorak.

The 3,589 sqm Carters Avenue site is regarded as a&nbsp;key development site under the Stonnington Council’s planning scheme, and, pending planning permits, will soon home a new eight-level building with 43 apartments, commercial suites on the first and second floor, and a number of food outlets and a high-end restaurant at street level.

Orchard Piper again had Kerry Hill Architects (KHA), most known for their award-winning luxury hotel and resort portfolio which includes several Aman Resorts destinations in New Delhi, Tokyo, Kyoto and Shanghai, design the building, their second collaboration following their $120 million project nearby.

Orchard Piper and KHA’s design influence will span approximately 5,000 sqm of land in Toorak village.

<img alt="Orchard Toorak" data-entity-type="file" data-entity-uuid="95c120d3-d1e1-4a0b-ae02-a1579f2f82f6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-06-21%20at%2012.31.33%20pm.png?VersionId=iLKUm_kW1NWlu__KixSRgSIdV58iO9OB" />

“We feel so fortunate to be able to bring an architect of KHA’s calibre to the Melbourne marketplace," Orchard Piper Director Luke McKie said.

"Their designs are truly place-making and will be transformational for Toorak Village."

KHA Director Patrick Kosky said it was important, to put forward a scheme that would pay respect to Toorak Village’s rich and charming heritage.

"The designs emphasise local materiality and hope to encourage an activated ground level which reflects the historic community ‘Village’ character of the area.”

<img alt="Orchard Toorak" data-entity-type="file" data-entity-uuid="1eb34445-d614-4fcb-9c76-d3328aa41027" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-06-21%20at%2012.31.40%20pm.png?VersionId=Eb4cYAWjRcbED0fRMLsbhOrkiJ2YFYy4" />

A full-time concierge will service the residents of the two, three and four-bedroom apartments, all of which have expansive balconies. There will be a 25-metre lap pool, sauna and steam room, gym, and a sunken garden.

Working with prominent local landscape architect, Myles Baldwin Design, the plans also see the unique inclusion of a bespoke laneway between Ross Street and Carters Avenue to prioritise pedestrian access for destination and lifestyle appeal.

Orchard Piper are in discussions with Council about extending a broader streetscape and surrounds upgrade to that already underway at present in Toorak Village, which could see a redesign of the Carters Avenue public car park offering expanded opportunities for the public to enjoy more open, green space in the Village.

“This is a rare opportunity for the municipality to effect a precinct upgrade, adding to streetscape improvements that are underway for Toorak Village implemented by Stonnington Council,” adds McKie.

The Carters Avenue&nbsp;project is one of its four current projects part of Orchard Piper's $800 million pipeline scheduled for annual completion over the next five years.

Pending planning permits, construction for the Carters Avenue project is slated to commence construction in 2024 in line with the end of Mercedes’ lease.

The 3,589 sqm Carters Avenue site will soon home a new eight-level building with 43 apartments, commercial suites on the first and second floor, and a number of food outlets and a high-end restaurant at street level.

Orchard Piper file plans for $400 million mixed-use project in Toorak village 

Lendlease and Mitsubishi Estate Asia’s luxury residential tower, One Circular Quay, has reached a new milestone, surpassing $1 billion worth of sales as construction powers ahead.

Since its exclusive off-market launch in late-2022, more than 50 per cent of residences have sold.

And as part of One Circular Quay’s off-market sales campaign, a state-of-the-art display suite has now been unveiled to prospective purchasers by invitation only.

Tom Mackellar, Managing Director Development at Lendlease, said it's an incredible milestone to reach $1 billion in sales having only launched to an exclusive database late last year.

"With construction well underway, One Circular Quay is fast taking shape," Mackellar said.&nbsp;

"This iconic luxury residential tower, at one of the most prestigious addresses in the world, demonstrates real strength in Sydney’s residential market, and once again elevates Sydney’s real estate onto the world stage.”

Designed by the late award-winning Australian architect Kerry Hill, the 58-level luxury residential tower will soar 200 metres and include 158 residences, with all two, three and four-bedroom residences offering dual icon views of the Sydney Harbour Bridge and Opera House.

<img alt="One Circular" data-entity-type="file" data-entity-uuid="c0f88448-49a4-43b1-8946-edc756c14b6d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-26%20at%2010.01.06%20am.png?VersionId=AktVZRtAXj3Qrv5yk5_qlZUCzOfFHj01" />

Levels 50-55 will be home to six full-floor sub-penthouses, while levels 56-58 will be reserved for a three-level penthouse boasting five bedrooms, a private lift, floor-to-ceiling windows with panoramic views of Sydney harbour, and a north-facing swimming pool and terrace.

One Circular Quay residents will have exclusive access to the premium facilities, including a private indoor pool, gym, steam room and dedicated concierge services.

A 220-room Waldorf Astoria hotel will also be delivered by Lendlease alongside One Circular Quay, marking the entry of Hilton’s iconic luxury brand into Australia. In February this year, Lendlease and Mitsubishi Estate Asia exchanged contracts with Fiveight, the property division of Tattarang, for the sale and delivery of the hotel.

The One Circular Quay residences and Waldorf Astoria hotel are targeting completion in late 2026.

[smartcode_project_cta:default project_id=21868]

Since its exclusive off-market launch in late-2022, more than 50 per cent of residences have sold

alisonwarters@gmail.com

One Circular Quay achieves $1 billion in sales as construction powers ahead

Property developer Orchard Piper has progressed its plans to develop a $120m mixed-use development in Melbourne’s most affluent streetscape, Toorak Village.

They've received planning permission for the consolidated land holdings at 109 Mathoura Road and 420-426 Toorak Road, which is set to offer just nine apartments and three levels of office space. Orchard Piper will relocate their HQ to the top floor.

Orchard Piper, led by Luke McKie and Rick Gronow, are expected to commence construction in a few months. The project received its permit with unanimous support from the City of Stonnington and no further appeals lodged by the community.

“We are very encouraged by Council’s positive response to the project and their interest in supporting high-quality architecture in the municipality," McKie says.

"This approval will transform a key corner of the Village and make a significant contribution to the streetscape, further driving the Villages’ ongoing resurgence,” says Orchard Piper Director.

The green light for the Toorak Village project marks Orchard Piper’s evolution toward more significant, mixed-use development, appointing internationally renowned Kerry Hill Architects (KHA), who are most known for their award-winning luxury hotel and resort portfolio which includes several Aman Resorts destinations in New Delhi, Tokyo, Kyoto and Shanghai. It will be KHA's first project in Victoria.

“Together with KHA, we are highly conscious of the impact the built form has on community and its enjoyment of streetscapes and surrounds," Mckie added.

"We take pride in our work and hope this quality addition to Toorak will be an asset for generations to enjoy."

Adding to Orchard Piper’s $1.1 billion portfolio, with $200 million of completed projects in the Stonnington locale alone, approved plans for the corner site will see a six-storey residential building complemented by high-end ground-floor retail and commercial offerings.

<img alt="Orchard Piper Toorak Village" data-entity-type="file" data-entity-uuid="47652e17-724f-406e-b36a-9ab5f6c73af4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-04-13%20at%208.20.38%20am.png?VersionId=P9wTi9cyta6BVjbJPkHEpJOB2nUxcgBs" /> 
Fronting 109 Mathoura Road, the residential building will offer just nine apartments, each with three bedrooms and a minimum of three side-by-side car spaces. There will be just two apartments per floor.

Separately at 420 Toorak Road will be three floors of premium offices, with a covered retail colonnade activating the street level allowing premium-grade strata office stock to be purchased within the Village for the first time in over two decades.

Already Orchard Piper has sold the whole floor, 400 sqm penthouse, for $12.5 million, to a Melbourne business identity.

“We have received keen interest from our established network in preparation for this project – so much so, that we have been working with the purchaser of the penthouse for a few years now," Orchard Piper Director Rick Gronow says.

"They realise how rare of an offering this project is, and wanted to make sure they secured one of Melbourne’s finest penthouses ahead of the market, based on their previous knowledge of the quality that Orchard Piper delivers.”

Marshall White's Marcus Chiminello, as well as Kay &amp; Burton's Andrew Sahhar, to conjunctionally sell the remaining apartments.

“We’re seeing the high-end prestige market continually performing in a strong manner which defies the general negative commentary created by increasing rate hikes," Chiminello says.

Inventory levels for quality properties are not keeping up with the pent-up demand for downsizers looking for bespoke, lock-up-and-leave apartments in and around Toorak Village,” says Chiminello.

“Stonnington Council is actively investing in the streetscape’s upgrade, and with younger generations coming through there is a lot of interest in securing a piece of the new Village.”

Orchard Piper’s Toorak Village project is one of its four current projects, part of its $800m pipeline scheduled for annual completion over the next five years.

Currently in its design phase, the developer’s subsequent offering for Toorak Village will see a continuation of the developer’s partnership with KHA for a $400m mixed-use development at the <a href="https://www.urban.com.au/news/vic/former-site-of-mercedes-benz-toorak-set-for-400-million-transformation">well-known Mercedes Benz Toorak site</a> located at 7-11A &amp; 17-19 Carters Avenue.

The Toorak Village project is set to officially launch to market in the coming months.

<a href="https://www.urban.com.au/news/vic/former-site-of-mercedes-benz-toorak-set-for-400-million-transformation">Read more:&nbsp;Former site of Mercedes-Benz Toorak set for $400 million transformation</a>

<a href="https://www.urban.com.au/news/vic/orchard-piper-and-carter-group-set-for-300-million-st-kilda-rd-hotel-and-apartments">Orchard Piper and Carter Group set for $300 million St Kilda Rd hotel and apartments</a> 
&nbsp;

Orchard Piper secure planning permit for Toorak Village development as penthouse sells for $12.5 million

Melbourne&rsquo;s Carter family and luxury property developer Orchard Piper have entered into a partnership to undertake a $300m redevelopment of 448 St Kilda Road, one of the last remaining parcels of land on the coveted boulevard.

Spanning 2,400 sqm, the submitted plans will include a contemporary 5-star hotel, along with Orchard Piper residences which will see residents set to benefit from hotel services and amenities. The project will also comprise a 500 sqm day spa, mezzanine restaurant and bar, street level caf&eacute;, and exceptional health and wellness amenities with conferencing and event facilities.

Orchard Piper has appointed world-renowned Kerry Hill Architects (KHA) to deliver what will be its first project in Melbourne.

Orchard Piper Director Luke McKie says&nbsp;

&quot;This property is in the most premium residential section of St Kilda Road, between Toorak and Commercial Roads - with Fawkner Park, Albert Park and the Botanic Gardens all within walking distance,&rdquo; says Orchard Piper Director Luke McKie.

&ldquo;We are proud to welcome Kerry Hill Architects to Melbourne, a firm we&rsquo;ve long admired for its design integrity and rigour. This building will be a streetscape asset and beautiful addition to Melbourne&rsquo;s rich architectural lineage.&rdquo;

<a href="https://www.urban.com.au/new-apartments/448-st-kilda-road-melbourne"><img alt="" height="1084" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-24_at_9.09.11_am_0.png" width="878" /></a>

Fellow director Rick Gronow says Orchard Piper and the Carter family has a&nbsp;shared vision for the site and are looking forward to delivering an outstanding building on this long-held land.

Situated in the epicentre of Melbourne&rsquo;s sporting and entertainment heartland, the project will specifically aim to service the myriad of world-class events that Melbourne hosts and will act as an added drawcard for those looking to experience premium hospitality and spa offerings.

KHA, known for designing international 5-star luxury hotels for over 40 years, including global luxury chain Aman Hotels, will showcase its expertise with a design that pays homage to quintessential Melbourne characteristics.

A central component of the design will centre around bluestone, with the building&rsquo;s exterior set to be derived from locally sourced, sawcut bluestone - a nod to St Kilda Road&rsquo;s earliest and most notable buildings including the Victoria Barracks, Melbourne Grammar School and the National Gallery of Victoria.

The Carter family is no stranger to the hotel game, with the family&rsquo;s 60-year long property history including, amongst other projects, the development of luxury boutique hotels Tingirana and Seahaven in Noosa, as well as the landmark residential project, Albert Tower in Melbourne.

Signalling its confidence in the project, Orchard Piper and the Carter family intend to co-own the hotel, restaurants, and spa as long-term assets. The Carter family says they&nbsp;have formed a strong relationship with Orchard Piper for over 15 years.

&quot;We have a joint appreciation for Melbourne as a city, as well as the architecture and buildings that define it, and we look forward to delivering a diverse mixed-use offering that will service locals and the broader market,&rdquo; the&nbsp;family adds.

Permit applications for 448 St Kilda Road are slated to be secured later this year, with construction planning to commence in Q1 of 2024.

Orchard Piper recently secured the Mercedes Benz dealership in Toorak for&nbsp;$67 million, with a view to create a new mixed-use precinct.

The sprawling 3,600 sqm&nbsp;site at 7-11A and&nbsp;17-19 Carters Avenue, in the heart of Toorak&#39;s retail and commercial precinct, will see&nbsp;$150 million worth of luxury apartments developed, as well as offices and shops, to revamp the village as a vibrant and modern-day high street.

Orchard Piper has appointed world-renowned Kerry Hill Architects (KHA) to deliver what will be its first project in Melbourne.

Kerry Hill Architects

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