September 2025 — Design-led property developer Orchard Piper has achieved a monumental $125 million in sales prior to publicly launching its latest Toorak Village development, One Toorak Place, to market. The milestone was reached on Friday 12 September with the sale of a four-bedroom, three-and-a-half bathroom apartment to a Toorak local for $13.75 million, achieving per square metre rates of $37,000.
Another notable recent transaction is the sale of a four-bedroom, three-and-a-half-bathroom residence to Toorak local Paul Rosen for $12.65 million in July representing a square meter rate of $43,174.
In May, the development made history with the record-breaking penthouse sale of more than $20 million, to Group CEO at Accent Group Limited Daniel Agostinelli and his wife Lynette.
Commenting on his purchase, Rosen said “We’ve been keeping an eye on Orchard Piper’s developments following the near completion of Toorak Village on Mathoura Road. Having inspected the quality and detail of that project it filled me with confidence for the delivery of One Toorak Place.
“Another drawcard was knowing the strength of the investment partner with NPACT and James Packer funding the project giving confidence to move forward. Also that I know and trust the Orchard Piper brand and Rick Gronow and was impressed with the level of service provided.”
Developed in collaboration with joint venture partner NPACT (a partnership between James Packer’s family office and Todd Nisbet), One Toorak Place introduces a new model of hotel-style residential living to the suburb.
Located at 7-11A and 17-19 Carters Avenue, the development includes a collection of two, three and four-bedroom residences and penthouses, boutique commercial suites, curated retail and an integrated hospitality precinct by acclaimed restaurateur Chris Lucas. Delivered in his signature style, the precinct will be curated to reflect the spirit of the neighbourhood and the lifestyle of its residents. Lucas will also design a suite of bespoke services for residents of the building, including in-residence private dining, cellar concierge services and priority access to all Chris Lucas restaurants.
Designed by KHA (Kerry Hill Architects), residents will enjoy access to hotel-style five-star services and amenities, including concierge, a 25-metre lap pool, full-service gym, sauna, steam room, and hot and cold therapies. Also included are a dedicated resident lounge, resident meeting room, a golf simulator, and practical facilities such as dog-wash and car-wash bays.
One Toorak Place is Toorak’s largest planning approval to date, occupying the 3,589 sqm former Mercedes-Benz Toorak site. With a total of 5,000 sqm of premium land under development across two projects in Toorak Village, Orchard Piper’s contribution to the precinct is set to surpass $550 million in value, reinforcing its long-term commitment to design-led renewal in the area.
Construction on One Toorak Place is expected to commence towards the end of 2025.
