A few days after confirming their $70 million purchase of an unrepeatable development site in Miami, <a href="https://www.urban.com.au/developers/monaco-property-group">Monaco Property Group</a> has submitted plans for their luxury tower in Miami.

They're sticking with the name Nalu, which is the name of the current holiday block that was developed as Nobby's Outlook in the 1970s. It currently&nbsp;comprises four connected two-level buildings with 46 two and three-bedroom apartments, most recently operated as long-term rentals.&nbsp;

Monaco Property Group, directed by Jonathan Grasso and X, has had <a href="https://www.urban.com.au/architects/koichi-takada-architects">Koichi Takada Architects</a>&nbsp;work with&nbsp;<a href="https://www.urban.com.au/architects/bda-architecture">BDA Architecture</a>&nbsp;to create 46 apartments across a striking curved tower at 122 Marine Parade.

The two architecture firms shared in their design statement submitted to the Gold Coast City Council that Nalu "embraces the Miami context of lush landscape, open architecture, beachfront living and active lifestyle."

<img alt="Nalu, Miami" data-entity-type="file" data-entity-uuid="50b74b21-c3ea-42c3-ba65-6f1b7fd3c56e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Nalu%20perspective.png?VersionId=n8P7qlmWIDksyPI5W1nu3dzH8gghR8g5" />

They said the building has&nbsp;been positioned to open out to the ocean, but also blend with the mountain behind.

The mostly four-level building, with a partial fifth level for private rooftop terraces in the more premium apartments, has been designed in a U-shape so the communal spaces face the ocean. Residents will have access to a central resort-style pool, lounge,&nbsp;gym, yoga area, hammam, steam rooms, and hot and cold plunge pools.

<img alt="Nalu" data-entity-type="file" data-entity-uuid="385f9b8c-758b-4e01-b559-d6ed4a8c3862" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-04-28%20at%203.37.34%E2%80%AFPM.png?VersionId=PPq9s1gOeBH_h4g6mwMWEkIzt1cv6FSP" />

The 46 two, three, four and five-bedroom apartments have been designed to maximise views, ventilation, and solar protections, while also protecting the privacy of the residents.&nbsp;Each apartment features expansive wrap-around balconies that serve as outdoor living areas.

One basement level will provide parking for 139 residential vehicles and eight visitor vehicles, which will access Nalu from porte-cochère entrance on Fraser Avenue.

<img alt="Nalu" data-entity-type="file" data-entity-uuid="dea65c52-f139-43e3-b569-f7ed6c5eadcc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-04-28%20at%203.37.29%E2%80%AFPM.png?VersionId=.PiTs6LGsPeYvXNOcMfx09t3pPJUA.ad" />

On the site acquisition, Grasso said the site was one of the&nbsp;best beachfront development sites on the eastern seaboard of Australia.

“The site is not only one of the largest beachfront development sites on the&nbsp;<a href="https://www.urban.com.au/developments/gold-coast-qld" target="">Gold Coast</a>, but its position overlooking&nbsp;<a href="https://www.urban.com.au/buildings/the-beachfront-buddina-84-85-pacific-boulevard-buddina-qld-4575" target="">the beachfront</a>&nbsp;and close proximity to the heart of Nobby Beach provides a truly unique opportunity for our team to create an incredible residential development that will be a legacy for years to come.”

On the site acquisition, Grasso said the site was one of the best beachfront development sites on the eastern seaboard of Australia.

Joel Robinson

First look: Monaco Property Group reveals plans for new luxury Miami apartment development

Following the successful Long Pocket townhouse development in Indooroopilly, developer Shayher Group has filed plans for its next installment of new dwellings in the area, just next door.

The new project at <a href="https://www.urban.com.au/new-apartments/34-jacaranda-place-indooroopilly">34 Jacaranda Place</a>, across the road from Jacaranda Place Reserve and adjacent to Handel Street Park, will comprise two low-rise buildings with&nbsp;76 two and three-bedroom apartments. The apartments are split into two different buildings, Parkview and Riverview, due to the orientation of the two structures on the 6,609 sqm site.

<img alt="Shayher" data-entity-type="file" data-entity-uuid="02a61e78-5829-442a-842d-5c45a9aadafd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-04-28%20at%201.22.24%E2%80%AFPM.png?VersionId=Pq.T57g2iDyGL0iZ9LTSYe8OA4evnj2d" />The Parkview apartments. Image credit: JHA

Brisbane architecture firm JHA said in their Architectural Design Report that was submitted to Brisbane City Council last week that the&nbsp;architectural vision for this development is to "create a harmonious blend of elegance and functionality that resonates with the surrounding natural landscape."

"Inspired by the gentle flow of the Brisbane River, the design features soft curves and fluid lines that evoke a sense of movement and connection with nature. This fluidity is intended to reflect the tranquil ambiance of the nearby park and reserve."

<img alt="Jacaranda" data-entity-type="file" data-entity-uuid="381e7689-7b10-4837-956f-18acf0de780f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-04-28%20at%201.22.11%E2%80%AFPM.png?VersionId=ECMzpkpW1c4A.tNsFMsldWNrJ53NhrrX" />The Riverview apartments. Image credit: JHA

There was a pre-lodgement meeting held between Shayher and the Brisbane City Council which stated the&nbsp;proposed land use for a medium-density residential development is supported and consistent with the existing approvals in effect over the site.

The Council did suggest that both the buildings, which approach 60-metres in length, are "not sufficiently broken up to reduce the apparent bulk." They suggested several options, to either steep the building levels up towards the Brisbane River, or tweak some of the setbacks.

Future residents of the new project will have access to a rooftop amenity level with an infinity pool atop the Riverview building and an outdoor lounge setting and yoga lawn crowning the Parkview block.

<img alt="Shayher" data-entity-type="file" data-entity-uuid="95e80dc0-ef7c-4955-b6d7-7167f822b0d1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-04-28%20at%201.22.39%E2%80%AFPM.png?VersionId=t2asBpt5jshfMGbvLMGMVpZvXgakaPbM" />

Shayher finished Long Pocket, 45 four-level townhouses next door, in 2024.

They have another multi-stage masterplan, the Bulimba Barracks redevelopment which is starting to gather momentum. Last year they <a href="https://www.urban.com.au/news/qld/first-look-exclusive-shayher-group-file-for-first-stage-of-bulimba-barracks">filed plans for the first residential stage</a>.

First look: Shayher Group reveals next Indooroopilly stage

Approaching a sell-out of its debut Gold Coast apartment development The Rochester, developer Polycell has its eyes firmly set on its next project.

They've secured approval for a 59-level tower which will be a redevelopment of the&nbsp;the landmark Voyager Resort&nbsp;at <a href="https://www.urban.com.au/new-apartments/167-old-burleigh-road-broadbeach">167 Old Burleigh Road</a>. Polycell acquired the timeshare building, and its valuable 2,076 sqm corner block that also fronts Elizabeth Avenue, for nearly $45 million in 2022.

They had Gold Coast firm <a href="https://www.urban.com.au/architects/bda-architecture">BDA Architecture</a>&nbsp;design the tower which will feature&nbsp;glazed façades and coastal-inspired curves to reflect the surrounding Gold Coast landscape.

One of the standout features of the approved design is its emphasis on preserving the site’s existing natural elements, particularly the iconic Norfolk pines lining the street front.&nbsp;

<img alt="First look exclusive: Polycell set sights on new Broadbeach 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/Screenshot%202024-11-25%20at%203.01.52%E2%80%AFPM.png?VersionId=4YWlAMLRDSdyWaSlcEH0907f3FGkDH5v" />

BDA Architecture described the design as “coastal tactility infused with a sub-tropical vernacular,” echoing the organic textures of the local landscape.

The podium will reflect a layered material palette and gently undulating forms that complement the surrounding urban and natural environments.

The development will house 130 apartments, ranging from two to five bedrooms. The approved mix includes 32 two-bedroom, 79 three-bedroom, 15 four-bedroom, and four five-bedroom apartments.&nbsp;

The four sub-penthouses and the sprawling two-level penthouse will feature a private cinema, a state-of-the-art gym with plunge pools, and a 14-metre lap pool.

Each level will be home to no more than three residences, ensuring privacy and exclusivity.&nbsp;

<img alt="First look exclusive: Polycell set sights on new Broadbeach apartment development" 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://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3.png?VersionId=LypE2LoIU.Bp5kZCqi0BGdK_ME3CVAPI" />

The development will also feature extensive resort-style amenities across both the podium and upper levels. These include two swimming pools on the podium, daybeds, barbecues, a yoga and Peloton room, sauna and spa facilities, a games room, and a suite of wellness areas.

On levels 38 and 39, residents will enjoy a members-only ‘Club Lounge,’ complete with a zen lounge, tea bar, library, cinema, personal training gym, wine storage, private dining rooms, and more.

The new project is similar in density to <a href="https://www.urban.com.au/new-apartments/the-rochester-broadbeach-143-surf-parade-broadbeach">The Rochester</a>, which is nearly sold out of its 182 apartments on Surf Parade.&nbsp;

Polycell is&nbsp;also actively acquiring sites across the area, including recent buyouts at the <a href="https://www.urban.com.au/news/qld/first-look-exclusive-polycell-set-sights-on-new-broadbeach-apartment-development">Sandpiper apartment building</a>.

The new project is similar in density to Polycell's The Rochester, which is nearly sold out of its 182 apartments on Surf Parade. 



First look: Polycell approved for next Broadbeach apartment development

Monaco Property Group has acquired the Miami holiday destination Nalu for $70 million in one of the biggest residential deals on the Gold Coast in 2025.

The acquisition by Monaco Property Group, a Gold Coast company associated with seasoned developer Jonathan Grasso and Australian businessman Jay McPhee, positions the group to create a landmark beachfront project on a site that has been a popular drawcard for locals and holidaymakers for decades.

Formerly known as Nobby’s Outlook and originally developed in the early 1970s,&nbsp;Nalu comprises 46 two and three-bedroom apartments that are currently offered as long-term rentals.

It consists of four connected two-level buildings in a square configuration that includes a central recreation area with two swimming pools, and underwent a major refurbishment in 2019 after which it was renamed Nalu – a Hawaiian word that translates to ‘wave’.

The property benefits from an idyllic location fronting Thorn Park and Miami North Beach while offering 80 metres of uninterrupted ocean frontage and a central location which is just a short stroll from the popular Nobby Beach retail and dining precinct.

Monaco Property Group is leveraging its extensive development expertise to reimagine the expansive 7,238 sqm site, with the company currently laying plans for an ultra-luxury new residential development that takes advantage of its unique location in one of the most sought-after coastal enclaves on the Gold Coast.

Among the latest high-profile developments undertaken by Monaco Property Group is the $114 million award-winning Capri Villas, a collection of 48 architecturally designed villas at Isle of&nbsp;Capri on the central Gold Coast, which are due for completion in Q3 of this year.

“We’re extremely excited to have secured Nalu, one the best beachfront development sites on the eastern seaboard of Australia,” Grasso said.

“The site is not only one of the largest beachfront development sites on the Gold Coast, but its position overlooking the beachfront and close proximity to the heart of Nobby Beach provides a truly unique opportunity for our team to create an incredible residential development that will be a legacy for years to come.”

Nalu was secured by Monaco Property Group through an off-market deal in which the company dealt directly with the vendor. Monaco Property Group plans to lodge a development application for the site with the Gold Coast City Council.

“We are very excited to be working up plans for a truly world class project on such a unique site with an incredible 80 metres of beach frontage, which is certainly a rarity on the eastern seaboard of Australia,” Grasso added.

“It’s a property that locals know well, which is why we have decided to retain the name Nalu as it reflects the vision we have for this property. It’s very rare to have a site bound by two natural assets, being the pristine beach frontage and the lush elevation of Nobbys Hill and Lions Head Park. In line with our founding philosophy, our plans for Nalu will be defined by a commitment to quality, legacy, incredible landscape, world-class amenity and wellness, and an architectural statement of excellence.”

Located at 122-130 Marine Parade, Nalu backs onto Nobbys Hill and the untouched natural beauty of Lions Head Park to the west, while offering ocean views to the Miami North beachfront and south to Coolangatta and Rainbow Bay.

Nalu was secured by Monaco Property Group through an off-market deal in which the company dealt directly with the vendor

Monaco Property Group pays $70m for Miami site, plots luxury apartment development

Leading Australian development manager, <a href="https://www.urban.com.au/developers/fortis">Fortis</a>, is continuing to make its mark on the luxury apartment market in Melbourne's best suburbs.

Fortis, the development arm of real estate investment giant Pallas Group, has commenced construction on Carmine House in <a href="https://www.urban.com.au/developments/richmond-vic-3121">Richmond</a>, one of Melbourne's most vibrant and tightly-held inner city suburbs, which has seen a shortage of new apartment developments in recent years.

<a href="https://www.urban.com.au/new-apartments/carmine-house-richmond-5-wiltshire-street-richmond-vic-3121">Carmine House</a>, located on Wiltshire Street, just one row back from the iconic Swan Street and a stone's throw from East Richmond Station, will comprise 52 generously-sized, two- and three-bedroom apartments across an 11-level building crafted by <a href="https://www.urban.com.au/architects/sjb-architects">SJB</a>, with interiors by <a href="https://www.urban.com.au/architects/hecker-guthrie">Hecker Guthrie</a>.

Construction is well underway, with significant progress made across the basement levels. Two tower cranes are now in operation, forming a visible part of Richmond skyline and supporting the vertical build as the structural core begins to rise above the hoarding.

The project is being delivered by <a href="https://www.urban.com.au/builders/hacer-group">Hacer Group</a>, a well-established local construction firm with a track record of delivering&nbsp;several high-quality apartment developments like Victoria Hill in Camberwell and Como Terraces in South Yarra.

[smartcode_project:default project_id=13181 project_image_fid=341429]

Carmine House has been designed to reflect Richmond’s industrial character, immediately obvious from its striking facade, which combines red brick, concrete, and glass.

The interiors are defined by natural materials, mirrored cabinetry, and accents of heritage green, while large balconies frame uninterrupted views of the CBD skyline.

[smartcode_project:default project_id=13181 project_image_fid=341427]

Kitchens are anchored by a wide stone island bench, creating another dining and entertaining space. The kitchens are fitted with high-end V-Zug appliances.

Every apartment features a main bedroom with built-in robes and an ensuite with a separate shower and bathtub, finished with the finest marble and floor-to-ceiling tiles.

[smartcode_project:default project_id=13181 project_image_fid=341430]

Fortis has prioritized creating a resident community within Carmine House, with several opportunities for neighbours to gather outside of their apartments, yet still in the comfort of their own building.

The amenities have been strategically positioned on the roof to take advantage of the sweeping views across Melbourne.

[smartcode_project:default project_id=13181 project_image_fid=341436]

The rooftop, surrounded by extensive landscaping by ACRE, will feature an outdoor picnic lawn, BBQ, pizza oven, and bookable private dining and events spaces.

Completing the roof will be another indoor kitchen, part of a bookable private dining and entertaining space.

[smartcode_project:default project_id=13181 project_image_fid=341437]

Carmine House is one of two residential offerings as part of a wider mixed-use precinct, Richmond Square, that will also include 4,000 sqm of premium strata office space across two podium levels, located beneath the residences.

The second residential building, Wiltshire House, has already achieved over 50 per cent in sales and features a collection of one-, two-, and three-bedroom residences. Also designed SJB with landscaping by Acre, Wiltshire House offers refined, functional living complemented by a suite of high-quality amenities, including a rooftop dining area and a dedicated health and wellness zone complete with sauna, located within the podium below.

At the heart of Richmond Square, a thoughtfully curated retail and dining precinct will provide residents and locals with a dynamic community hub

Enhancing this convenience, Carmine House is positioned just 200 meters from the nearest café and within easy walking distance of Swan Street’s lively mix of restaurants, bars, and boutique retailers.

Excellent public transport links, including nearby train stations and multiple tram stops, further connect residents to the broader&nbsp;<a href="https://www.urban.com.au/developments/melbourne-vic">Melbourne</a>&nbsp;CBD and beyond.

Hacer is forecasting a late 2026 completion of Carmine House. Buyers can save thousands by purchasing before the end of October. In October 2024, the VIC Government announced it would abolish stamp duty for new and off the plan apartment buyers until October 30, 2025.

Jellis Craig Projects Director, Stephen Bowtell, is marketing Carmine House.

[smartcode_project_cta:default project_id=13181]

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