Image: Orchard Piper,One Toorak PlaceA James Packer–backed luxury residential development in Melbourne’s Toorak has already secured$125 million in pre-launch sales, signalling strong demand in the ultra-premium property segment. According to theAustralian Financial Review, one of the latest deals was a four-bedroom apartment sold off-the-plan for$13.25 million, reinforcing the project’s momentum before construction even begins.A New Benchmark in Toorak LuxuryThe development,One Toorak Place, is a joint venture between boutique developerOrchard Piperand investment vehicleNPACT, founded by Todd Nisbet and backed by Packer. Orchard Piper acquired the3,589 sqm former Mercedes-Benz Toorak sitein 2022 for $67 million, with plans now moving toward construction, according toBuild Australia.Architectural design is led byKerry Hill Architects (KHA), while landscaping is overseen byMyles Baldwin Design, as noted inOrchard Piper’s project details. The project will deliver47 residencesabove boutique commercial and retail spaces, plus a hospitality precinct helmed by restaurateurChris Lucas. Hotel-style amenities are central to the appeal, including a25-metre pool, concierge, private transfers, wellness retreat, spa and treatment rooms, golf simulator, and resident lounges.Record-Setting SalesOne Toorak Place has already become a focal point for milestone sales in Toorak’s high-end apartment market. In May,Accent Group CEO Daniel Agostinelli and wife Lynettesecured the penthouse for$20 million, setting a new apartment record in the suburb. Two months later,Toorak local Paul Rosenpaid$12.65 millionfor a four-bedroom apartment, translating to$43,174 per square metre— one of Toorak’s most expensive rates. Most recently, the$13.25 million four-bedroom sale in Septemberconfirmed that demand remains robust (AFR).This trajectory aligns with broader prestige market activity, with anotherrecord-breaking apartment sale on Toorak’s “millionaire’s row”further underscoring the suburb’s continued appeal for high-net-worth downsizers and investors.Planning Challenges and Next StepsThe project’s path wasn’t without hurdles. Stonnington Council initially sought to impose height restrictions, butOrchard Piper and NPACT successfully appealed to VCAT, restoring the full eight-storey design. Formal planning approval was secured earlier this year, with construction expected to begin late 2025.On the financing front,MaxCap’s $120 million construction facilityhas bolstered Orchard Piper’s delivery prospects, ensuring the developer is well-capitalised as works commence.Market SignificanceProperty analysts suggest the project illustrates a new direction for Melbourne’s luxury market —residences designed to function like hotels, blending hospitality, retail, and residential amenities. With limited development sites available in Toorak and a buyer pool willing to pay record-setting prices, One Toorak Place demonstrates the resilience of the prestige apartment sector.This trend is mirrored by activity inToorak Village, wherepremium office opportunitiesand high-value retail investments are reshaping the local precinct. Together, these projects highlight how Orchard Piper is playing a leading role in redefining the suburb’s built environment.As Orchard Piper has stated in its official materials, the development is positioned to “set a new standard for Melbourne apartment living.” If delivered to plan, it may well become a case study in the evolution of suburban luxury living in Australia’s most tightly held postcodes.Previous ArticleNext Article
A New Benchmark in Toorak Luxury
The development,One Toorak Place, is a joint venture between boutique developerOrchard Piperand investment vehicleNPACT, founded by Todd Nisbet and backed by Packer. Orchard Piper acquired the3,589 sqm former Mercedes-Benz Toorak sitein 2022 for $67 million, with plans now moving toward construction, according toBuild Australia.Architectural design is led byKerry Hill Architects (KHA), while landscaping is overseen byMyles Baldwin Design, as noted inOrchard Piper’s project details. The project will deliver47 residencesabove boutique commercial and retail spaces, plus a hospitality precinct helmed by restaurateurChris Lucas. Hotel-style amenities are central to the appeal, including a25-metre pool, concierge, private transfers, wellness retreat, spa and treatment rooms, golf simulator, and resident lounges.Record-Setting SalesOne Toorak Place has already become a focal point for milestone sales in Toorak’s high-end apartment market. In May,Accent Group CEO Daniel Agostinelli and wife Lynettesecured the penthouse for$20 million, setting a new apartment record in the suburb. Two months later,Toorak local Paul Rosenpaid$12.65 millionfor a four-bedroom apartment, translating to$43,174 per square metre— one of Toorak’s most expensive rates. Most recently, the$13.25 million four-bedroom sale in Septemberconfirmed that demand remains robust (AFR).This trajectory aligns with broader prestige market activity, with anotherrecord-breaking apartment sale on Toorak’s “millionaire’s row”further underscoring the suburb’s continued appeal for high-net-worth downsizers and investors.Planning Challenges and Next StepsThe project’s path wasn’t without hurdles. Stonnington Council initially sought to impose height restrictions, butOrchard Piper and NPACT successfully appealed to VCAT, restoring the full eight-storey design. Formal planning approval was secured earlier this year, with construction expected to begin late 2025.On the financing front,MaxCap’s $120 million construction facilityhas bolstered Orchard Piper’s delivery prospects, ensuring the developer is well-capitalised as works commence.Market SignificanceProperty analysts suggest the project illustrates a new direction for Melbourne’s luxury market —residences designed to function like hotels, blending hospitality, retail, and residential amenities. With limited development sites available in Toorak and a buyer pool willing to pay record-setting prices, One Toorak Place demonstrates the resilience of the prestige apartment sector.This trend is mirrored by activity inToorak Village, wherepremium office opportunitiesand high-value retail investments are reshaping the local precinct. Together, these projects highlight how Orchard Piper is playing a leading role in redefining the suburb’s built environment.As Orchard Piper has stated in its official materials, the development is positioned to “set a new standard for Melbourne apartment living.” If delivered to plan, it may well become a case study in the evolution of suburban luxury living in Australia’s most tightly held postcodes.Previous ArticleNext Article
The development,One Toorak Place, is a joint venture between boutique developerOrchard Piperand investment vehicleNPACT, founded by Todd Nisbet and backed by Packer. Orchard Piper acquired the3,589 sqm former Mercedes-Benz Toorak sitein 2022 for $67 million, with plans now moving toward construction, according toBuild Australia.Architectural design is led byKerry Hill Architects (KHA), while landscaping is overseen byMyles Baldwin Design, as noted inOrchard Piper’s project details. The project will deliver47 residencesabove boutique commercial and retail spaces, plus a hospitality precinct helmed by restaurateurChris Lucas. Hotel-style amenities are central to the appeal, including a25-metre pool, concierge, private transfers, wellness retreat, spa and treatment rooms, golf simulator, and resident lounges.Record-Setting SalesOne Toorak Place has already become a focal point for milestone sales in Toorak’s high-end apartment market. In May,Accent Group CEO Daniel Agostinelli and wife Lynettesecured the penthouse for$20 million, setting a new apartment record in the suburb. Two months later,Toorak local Paul Rosenpaid$12.65 millionfor a four-bedroom apartment, translating to$43,174 per square metre— one of Toorak’s most expensive rates. Most recently, the$13.25 million four-bedroom sale in Septemberconfirmed that demand remains robust (AFR).This trajectory aligns with broader prestige market activity, with anotherrecord-breaking apartment sale on Toorak’s “millionaire’s row”further underscoring the suburb’s continued appeal for high-net-worth downsizers and investors.Planning Challenges and Next StepsThe project’s path wasn’t without hurdles. Stonnington Council initially sought to impose height restrictions, butOrchard Piper and NPACT successfully appealed to VCAT, restoring the full eight-storey design. Formal planning approval was secured earlier this year, with construction expected to begin late 2025.On the financing front,MaxCap’s $120 million construction facilityhas bolstered Orchard Piper’s delivery prospects, ensuring the developer is well-capitalised as works commence.Market SignificanceProperty analysts suggest the project illustrates a new direction for Melbourne’s luxury market —residences designed to function like hotels, blending hospitality, retail, and residential amenities. With limited development sites available in Toorak and a buyer pool willing to pay record-setting prices, One Toorak Place demonstrates the resilience of the prestige apartment sector.This trend is mirrored by activity inToorak Village, wherepremium office opportunitiesand high-value retail investments are reshaping the local precinct. Together, these projects highlight how Orchard Piper is playing a leading role in redefining the suburb’s built environment.As Orchard Piper has stated in its official materials, the development is positioned to “set a new standard for Melbourne apartment living.” If delivered to plan, it may well become a case study in the evolution of suburban luxury living in Australia’s most tightly held postcodes.Previous ArticleNext Article
Architectural design is led byKerry Hill Architects (KHA), while landscaping is overseen byMyles Baldwin Design, as noted inOrchard Piper’s project details. The project will deliver47 residencesabove boutique commercial and retail spaces, plus a hospitality precinct helmed by restaurateurChris Lucas. Hotel-style amenities are central to the appeal, including a25-metre pool, concierge, private transfers, wellness retreat, spa and treatment rooms, golf simulator, and resident lounges.Record-Setting SalesOne Toorak Place has already become a focal point for milestone sales in Toorak’s high-end apartment market. In May,Accent Group CEO Daniel Agostinelli and wife Lynettesecured the penthouse for$20 million, setting a new apartment record in the suburb. Two months later,Toorak local Paul Rosenpaid$12.65 millionfor a four-bedroom apartment, translating to$43,174 per square metre— one of Toorak’s most expensive rates. Most recently, the$13.25 million four-bedroom sale in Septemberconfirmed that demand remains robust (AFR).This trajectory aligns with broader prestige market activity, with anotherrecord-breaking apartment sale on Toorak’s “millionaire’s row”further underscoring the suburb’s continued appeal for high-net-worth downsizers and investors.Planning Challenges and Next StepsThe project’s path wasn’t without hurdles. Stonnington Council initially sought to impose height restrictions, butOrchard Piper and NPACT successfully appealed to VCAT, restoring the full eight-storey design. Formal planning approval was secured earlier this year, with construction expected to begin late 2025.On the financing front,MaxCap’s $120 million construction facilityhas bolstered Orchard Piper’s delivery prospects, ensuring the developer is well-capitalised as works commence.Market SignificanceProperty analysts suggest the project illustrates a new direction for Melbourne’s luxury market —residences designed to function like hotels, blending hospitality, retail, and residential amenities. With limited development sites available in Toorak and a buyer pool willing to pay record-setting prices, One Toorak Place demonstrates the resilience of the prestige apartment sector.This trend is mirrored by activity inToorak Village, wherepremium office opportunitiesand high-value retail investments are reshaping the local precinct. Together, these projects highlight how Orchard Piper is playing a leading role in redefining the suburb’s built environment.As Orchard Piper has stated in its official materials, the development is positioned to “set a new standard for Melbourne apartment living.” If delivered to plan, it may well become a case study in the evolution of suburban luxury living in Australia’s most tightly held postcodes.Previous ArticleNext Article
Record-Setting SalesOne Toorak Place has already become a focal point for milestone sales in Toorak’s high-end apartment market. In May,Accent Group CEO Daniel Agostinelli and wife Lynettesecured the penthouse for$20 million, setting a new apartment record in the suburb. Two months later,Toorak local Paul Rosenpaid$12.65 millionfor a four-bedroom apartment, translating to$43,174 per square metre— one of Toorak’s most expensive rates. Most recently, the$13.25 million four-bedroom sale in Septemberconfirmed that demand remains robust (AFR).This trajectory aligns with broader prestige market activity, with anotherrecord-breaking apartment sale on Toorak’s “millionaire’s row”further underscoring the suburb’s continued appeal for high-net-worth downsizers and investors.Planning Challenges and Next StepsThe project’s path wasn’t without hurdles. Stonnington Council initially sought to impose height restrictions, butOrchard Piper and NPACT successfully appealed to VCAT, restoring the full eight-storey design. Formal planning approval was secured earlier this year, with construction expected to begin late 2025.On the financing front,MaxCap’s $120 million construction facilityhas bolstered Orchard Piper’s delivery prospects, ensuring the developer is well-capitalised as works commence.Market SignificanceProperty analysts suggest the project illustrates a new direction for Melbourne’s luxury market —residences designed to function like hotels, blending hospitality, retail, and residential amenities. With limited development sites available in Toorak and a buyer pool willing to pay record-setting prices, One Toorak Place demonstrates the resilience of the prestige apartment sector.This trend is mirrored by activity inToorak Village, wherepremium office opportunitiesand high-value retail investments are reshaping the local precinct. Together, these projects highlight how Orchard Piper is playing a leading role in redefining the suburb’s built environment.As Orchard Piper has stated in its official materials, the development is positioned to “set a new standard for Melbourne apartment living.” If delivered to plan, it may well become a case study in the evolution of suburban luxury living in Australia’s most tightly held postcodes.Previous ArticleNext Article
Record-Setting Sales
One Toorak Place has already become a focal point for milestone sales in Toorak’s high-end apartment market. In May,Accent Group CEO Daniel Agostinelli and wife Lynettesecured the penthouse for$20 million, setting a new apartment record in the suburb. Two months later,Toorak local Paul Rosenpaid$12.65 millionfor a four-bedroom apartment, translating to$43,174 per square metre— one of Toorak’s most expensive rates. Most recently, the$13.25 million four-bedroom sale in Septemberconfirmed that demand remains robust (AFR).This trajectory aligns with broader prestige market activity, with anotherrecord-breaking apartment sale on Toorak’s “millionaire’s row”further underscoring the suburb’s continued appeal for high-net-worth downsizers and investors.Planning Challenges and Next StepsThe project’s path wasn’t without hurdles. Stonnington Council initially sought to impose height restrictions, butOrchard Piper and NPACT successfully appealed to VCAT, restoring the full eight-storey design. Formal planning approval was secured earlier this year, with construction expected to begin late 2025.On the financing front,MaxCap’s $120 million construction facilityhas bolstered Orchard Piper’s delivery prospects, ensuring the developer is well-capitalised as works commence.Market SignificanceProperty analysts suggest the project illustrates a new direction for Melbourne’s luxury market —residences designed to function like hotels, blending hospitality, retail, and residential amenities. With limited development sites available in Toorak and a buyer pool willing to pay record-setting prices, One Toorak Place demonstrates the resilience of the prestige apartment sector.This trend is mirrored by activity inToorak Village, wherepremium office opportunitiesand high-value retail investments are reshaping the local precinct. Together, these projects highlight how Orchard Piper is playing a leading role in redefining the suburb’s built environment.As Orchard Piper has stated in its official materials, the development is positioned to “set a new standard for Melbourne apartment living.” If delivered to plan, it may well become a case study in the evolution of suburban luxury living in Australia’s most tightly held postcodes.Previous ArticleNext Article
This trajectory aligns with broader prestige market activity, with anotherrecord-breaking apartment sale on Toorak’s “millionaire’s row”further underscoring the suburb’s continued appeal for high-net-worth downsizers and investors.Planning Challenges and Next StepsThe project’s path wasn’t without hurdles. Stonnington Council initially sought to impose height restrictions, butOrchard Piper and NPACT successfully appealed to VCAT, restoring the full eight-storey design. Formal planning approval was secured earlier this year, with construction expected to begin late 2025.On the financing front,MaxCap’s $120 million construction facilityhas bolstered Orchard Piper’s delivery prospects, ensuring the developer is well-capitalised as works commence.Market SignificanceProperty analysts suggest the project illustrates a new direction for Melbourne’s luxury market —residences designed to function like hotels, blending hospitality, retail, and residential amenities. With limited development sites available in Toorak and a buyer pool willing to pay record-setting prices, One Toorak Place demonstrates the resilience of the prestige apartment sector.This trend is mirrored by activity inToorak Village, wherepremium office opportunitiesand high-value retail investments are reshaping the local precinct. Together, these projects highlight how Orchard Piper is playing a leading role in redefining the suburb’s built environment.As Orchard Piper has stated in its official materials, the development is positioned to “set a new standard for Melbourne apartment living.” If delivered to plan, it may well become a case study in the evolution of suburban luxury living in Australia’s most tightly held postcodes.Previous ArticleNext Article
Planning Challenges and Next StepsThe project’s path wasn’t without hurdles. Stonnington Council initially sought to impose height restrictions, butOrchard Piper and NPACT successfully appealed to VCAT, restoring the full eight-storey design. Formal planning approval was secured earlier this year, with construction expected to begin late 2025.On the financing front,MaxCap’s $120 million construction facilityhas bolstered Orchard Piper’s delivery prospects, ensuring the developer is well-capitalised as works commence.Market SignificanceProperty analysts suggest the project illustrates a new direction for Melbourne’s luxury market —residences designed to function like hotels, blending hospitality, retail, and residential amenities. With limited development sites available in Toorak and a buyer pool willing to pay record-setting prices, One Toorak Place demonstrates the resilience of the prestige apartment sector.This trend is mirrored by activity inToorak Village, wherepremium office opportunitiesand high-value retail investments are reshaping the local precinct. Together, these projects highlight how Orchard Piper is playing a leading role in redefining the suburb’s built environment.As Orchard Piper has stated in its official materials, the development is positioned to “set a new standard for Melbourne apartment living.” If delivered to plan, it may well become a case study in the evolution of suburban luxury living in Australia’s most tightly held postcodes.Previous ArticleNext Article
Planning Challenges and Next Steps
The project’s path wasn’t without hurdles. Stonnington Council initially sought to impose height restrictions, butOrchard Piper and NPACT successfully appealed to VCAT, restoring the full eight-storey design. Formal planning approval was secured earlier this year, with construction expected to begin late 2025.On the financing front,MaxCap’s $120 million construction facilityhas bolstered Orchard Piper’s delivery prospects, ensuring the developer is well-capitalised as works commence.Market SignificanceProperty analysts suggest the project illustrates a new direction for Melbourne’s luxury market —residences designed to function like hotels, blending hospitality, retail, and residential amenities. With limited development sites available in Toorak and a buyer pool willing to pay record-setting prices, One Toorak Place demonstrates the resilience of the prestige apartment sector.This trend is mirrored by activity inToorak Village, wherepremium office opportunitiesand high-value retail investments are reshaping the local precinct. Together, these projects highlight how Orchard Piper is playing a leading role in redefining the suburb’s built environment.As Orchard Piper has stated in its official materials, the development is positioned to “set a new standard for Melbourne apartment living.” If delivered to plan, it may well become a case study in the evolution of suburban luxury living in Australia’s most tightly held postcodes.Previous ArticleNext Article
On the financing front,MaxCap’s $120 million construction facilityhas bolstered Orchard Piper’s delivery prospects, ensuring the developer is well-capitalised as works commence.Market SignificanceProperty analysts suggest the project illustrates a new direction for Melbourne’s luxury market —residences designed to function like hotels, blending hospitality, retail, and residential amenities. With limited development sites available in Toorak and a buyer pool willing to pay record-setting prices, One Toorak Place demonstrates the resilience of the prestige apartment sector.This trend is mirrored by activity inToorak Village, wherepremium office opportunitiesand high-value retail investments are reshaping the local precinct. Together, these projects highlight how Orchard Piper is playing a leading role in redefining the suburb’s built environment.As Orchard Piper has stated in its official materials, the development is positioned to “set a new standard for Melbourne apartment living.” If delivered to plan, it may well become a case study in the evolution of suburban luxury living in Australia’s most tightly held postcodes.Previous ArticleNext Article
Market SignificanceProperty analysts suggest the project illustrates a new direction for Melbourne’s luxury market —residences designed to function like hotels, blending hospitality, retail, and residential amenities. With limited development sites available in Toorak and a buyer pool willing to pay record-setting prices, One Toorak Place demonstrates the resilience of the prestige apartment sector.This trend is mirrored by activity inToorak Village, wherepremium office opportunitiesand high-value retail investments are reshaping the local precinct. Together, these projects highlight how Orchard Piper is playing a leading role in redefining the suburb’s built environment.As Orchard Piper has stated in its official materials, the development is positioned to “set a new standard for Melbourne apartment living.” If delivered to plan, it may well become a case study in the evolution of suburban luxury living in Australia’s most tightly held postcodes.Previous ArticleNext Article
Market Significance
Property analysts suggest the project illustrates a new direction for Melbourne’s luxury market —residences designed to function like hotels, blending hospitality, retail, and residential amenities. With limited development sites available in Toorak and a buyer pool willing to pay record-setting prices, One Toorak Place demonstrates the resilience of the prestige apartment sector.This trend is mirrored by activity inToorak Village, wherepremium office opportunitiesand high-value retail investments are reshaping the local precinct. Together, these projects highlight how Orchard Piper is playing a leading role in redefining the suburb’s built environment.As Orchard Piper has stated in its official materials, the development is positioned to “set a new standard for Melbourne apartment living.” If delivered to plan, it may well become a case study in the evolution of suburban luxury living in Australia’s most tightly held postcodes.Previous ArticleNext Article
This trend is mirrored by activity inToorak Village, wherepremium office opportunitiesand high-value retail investments are reshaping the local precinct. Together, these projects highlight how Orchard Piper is playing a leading role in redefining the suburb’s built environment.As Orchard Piper has stated in its official materials, the development is positioned to “set a new standard for Melbourne apartment living.” If delivered to plan, it may well become a case study in the evolution of suburban luxury living in Australia’s most tightly held postcodes.Previous ArticleNext Article
As Orchard Piper has stated in its official materials, the development is positioned to “set a new standard for Melbourne apartment living.” If delivered to plan, it may well become a case study in the evolution of suburban luxury living in Australia’s most tightly held postcodes.Previous ArticleNext Article
