The ultra-luxury Maison Savoy development marks one of the most significant projects the Melbourne builder-developer has delivered to date.
Construction has formally commenced on Maison Savoy, a $160 million residential development from Melbourne builder-developer Lowe Living, positioned on Brighton’s Esplanade along one of the city’s most sought-after stretches of waterfront.
Early site works began earlier this year. The official sod-turning this week signals a successful pre-sales period and marks the transition into full construction delivery, with public sales now launching concurrently.
The project replaces the former Brighton Savoy hotel site and will deliver a collection of 30 residences ranging from approximately 174 to 375 square metres of total area. Pricing runs from $3.75 million to $17 million, including a limited number of penthouses. Completion is expected by early 2028.
In-House Delivery
Lowe Living is constructing Maison Savoy through its in-house capabilities, consistent with how it manages its broader portfolio. The company currently has five projects under construction and a further three in pre-development.
Co-founder Tim Lowe said the in-house model was central to the company’s approach and provided confidence to funding partners throughout the development cycle.
“Maison Savoy is the most significant project Lowe Living has delivered to date. As a builder-developer, our in-house construction capability gives our funding partners certainty and ensures every project is delivered with the quality and rigour we’ve built our reputation on,” Lowe said.
The builder-developer model, where a single entity controls design, construction and delivery, has grown in profile across the Australian residential market as a way to reduce handover risk and maintain tighter quality oversight on complex, high-value builds.
The Design Team
Maison Savoy brings together Studio Kennon as architect and interior designer, Myles Baldwin as landscape architect, and Aurora Spa and Bathhouse as the private wellness collaborator.
A private Aurora Spa and Bathhouse facility will be included exclusively for residents, a feature the Lowes say was part of deliberate decision-making to position the development as a long-term lifestyle offering rather than a transactional property product.
Co-founder Emma Lowe said every element of the project had been considered in detail.
“Every single design decision, from the materiality and design intent through to the furniture in the lobby and treatments we will offer in the private spa, has been considered to the most exacting degree,” she said.
What This Means for the Industry
Projects at this end of the market carry a different set of commercial and construction pressures to volume residential delivery, but they reflect broader patterns the industry is navigating.
High-end apartment and prestige residential developments have faced their own headwinds over the past few years, including construction cost escalation, trade availability, and shifting buyer confidence. A project of this scale and price point reaching construction commencement is a meaningful signal that the top end of the Melbourne market remains active.
For builders and suppliers operating in the prestige segment, Maison Savoy represents the kind of long-cycle, specification-heavy project that rewards relationships and quality systems over speed and volume.
The Esplanade address, waterfront positioning and the involvement of high-profile collaborators suggest Lowe Living is treating this as a brand-defining project rather than simply a development pipeline entry.
Further information is available at loweliving.com.au. The display suite is open via private appointment.
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