Whole-floor luxury apartment in Eureka Tower hits market with $22m price guide as Jreissati family moves upstairs

Melbourne’s wealthy Jreissati family are set to apartment-hop from one floor of the Eureka Tower to another, listing their home on level 82 with a price guide of $22 million.

Property developer Elias Jreissati and wife Colleen own another holding three floors higher, a completely undeveloped shell.

The empty-nesters plan to fit out the blank space to suit their stage of life and better-host charity functions, appointing Molecule Studio to design their new home.

It comes after the family recently sold a five-bedroom Port Melbourne penthouse for $16 million, telling Domain at the time that only one such residence was needed.

The whole-floor Fender Katsalidis-designed Eureka Tower offering, in Colleen’s name, was purchased for $6.67 million in 2010 from the developer, public records show.

“We are designing our final Melbourne pad, to better suit this stage of our lives,” Mr Jreissati, the chairman of Bensons Property Group, said in a statement.

“We don’t need five bedrooms nor eight bathrooms in the new place, but we do need lots and lots of open space to help us accommodate the charity work that we want to give more of our time to.”

The 676-square metre sky home boasts a private lift lobby, two kitchens with sparkling water on tap, a 1400-bottle wine cellar, an executive wing with boardroom capacity and home theatre. Interiors are by Fitt de Felice with custom-designed furnishings by Molecule Studio.

It offers 360-degree views through floor-to-ceiling windows and extra-high ceilings.

The couple’s daughter Samantha, general counsel at Bensons Property Group, has also listed her half-floor apartment in the same building with a price guide of $8 million.

She is set to move to a family home in Toorak, bought from former competition watchdog Graeme Samuel after it was listed with $8 million to $8.4 million hopes.

“Although our daughter has not yet sold her level 73 half-floor, we are thrilled with the acquisition of a beautiful home in Toorak with a big yard and pool for her growing family,” Mr Jreissati said.

The imminent move would mean less babysitting in the grandparents’ residence, he added.

“We feel that the time to change our living arrangements is now. Our new place will be the same size and scale, but just configured differently.”

RT Edgar Albert Park director Gerald Betts has the listing and said Melbourne’s top-end apartment market has been busy.

“There’s probably some expats who have been in Hong Kong and overseas, wanting to get some money out of there and get it back here,” Mr Betts told Domain.

“When things struggle in the sharemarket, people tend to look at property.

“Now that the whole economy’s settled down, people know where they’re going, there are no more elections, interest rates are low, and if you’re thinking of moving, you might as well do it now.”

He said Mr Jreissati’s work as a developer meant he had access to “the best of everything” in creating the residence, and highlighted the location above the services floor with no dwellings directly below.

“He’s obviously a very astute buyer, in knowing what was there on offer.”

Melbourne’s prestige apartment market has been making headlines after another whole-floor offering in the Royal Domain Tower was listed with $15.5 million to $16.5 million hopes.

Elsewhere, hospitality boss Fab Ippoliti and IVF expert Lynn Burmeister snapped up a home in a prestige Spring Street tower for $14.75 million.

The highest confirmed apartment sale price in Melbourne is the $25 million penthouse in Australia 108, while in St Kilda the penthouse in the Saint Moritz project had an asking price of $30 million and its contracted price is not yet publicly available.