Melbourne developer Salvo has taken a significant step towards revitalising the southern portion of the historic Pentridge Village precinct in Coburg.

A rare art-deco inspired luxury penthouse 50 storeys high offers a sophisticated urban space in the heart of Melbourne.

While established markets tend to take a breather over winter as agents head overseas, it's a busy time in the off the plan development space. This story wraps up the top developments that are set to launch before the end of 2024.

Salvo has finalised a $73 million transaction to acquire 61.55-hectare prime landholding in the suburb of Tarneit in the city's west, where it intends to build a master-planned community with joint venture (JV) partner Casey Capital.

Salvo has finalised a $73 million transaction for a 61.55-hectare prime landholding in Tarneit Melbourne’s west, with plans to develop a masterplanned community comprising up to 1,700 dwellings with JV partner Casey Capital.

Melbourne developer Salvo and its joint venture partner Casey Capital have settled the $73 million purchase of a 61.55 hectare landholding in Tarneit in Melbourne’s west after securing a debt facility from ASX-listed financier Qualitas.

This 50th-floor penthouse, one of two in the Palladium Tower, offers stunning views. The two-storey apartment features huge windows, a lounge with a fireplace, a glamorous kitchen with a dining area and a cellar. The impressive open-air rooftop terrace has a spa, bar and barbecue.

This art deco-inspired sky home stands 50 storeys high, with views of the CBD, Docklands and the Royal Botanic Gardens. The penthouse apartment was designed by Rothelowman architects and is being sold by developer Salvo.