High demand expected for luxury apartments in BLVD Penthouse Collection in Melbourne Square

The eight apartments in BLVD’s Penthouse Collection are expected to be in high demand, with Melbourne prices predicted to double in the next few years.

On the top floors of levels 74 and 75 is The Garnet, a double-storey duplex akin to Manhattan’s world-class Billionaire’s Row penthouses.

OSK Property has already sold one of the eight apartments that will sit atop its BLVD development in Melbourne Square.

Demand for BLVD’s Penthouse Collection is expected to surge even further, with project marketers and valuers foreshadowing the average price of Melbourne penthouses to more than double to $60,000 per square metre in the next few years.

Expressions of interest received prior to the official launch of the project designed by David Hicks signal strong demand for BLVD’s Penthouse Collection, with one of the apartments already sold for $6m to a Melbourne local.

Located within the $3bn Melbourne Square precinct, the quarter-floor penthouses range in size from 180sq m to 471sq m. Prices for the remaining apartments start from $4.46m.

On the top floors of levels 74 and 75 is The Garnet, a double-storey duplex akin to Manhattan’s world-class Billionaire’s Row penthouses.

A blend of luxury, elegance and bespoke craftsmanship, The Garnet features a striking architectural design, highlighted by a sculptural staircase connecting the two floors.

One significant driving factor of BLVD’s Penthouse Collection design was approaching each apartment as an individual home.

The staircase, framed by a marble archway, is positioned next to a polished brass wine cellar, leading to the main living area lined with floor-to-ceiling windows.

The elegant kitchen features a burgundy marble island with Calacatta Viola detailing and concealed state-of-the-art appliances.

The main bedroom suite includes fabric-lined walls, custom timber veneer joinery, and a walk-in wardrobe designed to mimic a luxury boutique, with silk carpet, patterned timber veneer, and mirrored panels, completed by a marble-clad ensuite with a statement bathtub overlooking breathtaking bay views. The penthouse is for sale for $13m.

“To establish a unique direction, we looked towards the East and the West for inspiration. From the most luxurious developments in New York, to refined Parisian apartments, to luxury hotels in Japan and Asia,” Mr Hicks said in a statement.

According to OSK Property sales and marketing director Ivy Chen, one significant driving factor of BLVD’s Penthouse Collection design was approaching each apartment as an individual home, ensuring each offers a unique living experience that feels more alike a stand-alone home than bulk apartment dwelling.

Breathtaking views from the bathroom.

“We challenged Mr Hicks with crafting a unique ‘East meets West’ design for each individual penthouse, and the result is eight one-of-a-kind residences. Each has its own distinct views, customisable options, and floorplans, meaning buyers will be spoiled for choice when designing the home of their dreams,” said Ms Chen.

Mr Hicks said: “As a design practice, we see this as a pioneering stepping stone to what luxury development will be more about in the future.”

In addition to exceptional design, residents of BLVD’s Penthouse Collection will have exclusive access to the premium Skye Club Lounge on level 55, featuring a cocktail bar, dining room and private gym.

The building also offers private dining rooms, a state-of-the-art gym, a 25m indoor swimming pool, spa, sauna, golf simulator, entertainment and lounge spaces, and a double-storey co-working area.

With a commitment to sustainability and wellbeing, BLVD features EV charging stations and a Zen garden.

Multiplex is building BLVD with completion expected in the first quarter of 2028.