The Jreissati family, including Colleen and Elias Jreissati, have listed two properties within Melbourne’s Eureka Tower for sale. Left picture: Picture Glenn Hampson.
Melbourne’s wealthy Jreissati family has relisted an unfinished Eureka Tower sub-penthouse for just below $13m, shaving seven figures off the price since it was last for sale.
And the residential development and wine dynasty is also selling a second Eureka Tower home, a penthouse with a $21.5m-$23.5m asking range.
The Jreissati Group of Companies’ executive group chairman Elias Jreissati and his wife Colleen’s business empire includes Bensons Property Group and Yarra Valley’s Levantine Hill Estate.
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Bensons’ high-profile multimillion-dollar projects vary from a future 31-level, 487-apartment Docklands apartment tower to a 41-storey Surfers Paradise complex and the 13-level Drummond House site in Carlton.
In 2021, the family launched a $30m winery and function space at Levantine Hill where daughter Samantha Jreissati is managing director.
The Jreissatis previously put their unfinished apartment shell, which takes up the Eureka Tower’s entire 85th floor, on the market in 2022 and 2024.
It was last listed in February 2025 with a $15m price tag but was relaunched with a $12.95m price tag this week.
The Jreissatis are selling their apartments on the Eureka Tower’s 82nd and 85th floors.
Colleen and Elias Jreissati loaned the circa-1856 artwork View of Hobart Town, by artist Eugene von Guerard, to the Tasmanian Museum and Art Gallery for an exhibition. Picture: Supplied.
Records show the sub-penthouse featuring 360-degree views across the Melbourne CBD and its skyline is held by a company of which Colleen and Samantha Jreissati are directors.
The abode is accessed via four lifts and comes with eight private car parks.
Melbourne Sotheby’s International Realty’s Max Ruttner and Stella Chao have the listing.
Mr Ruttner declined to comment on the owners but said they were selling with plans to spend more time outside of Melbourne.
He said the four-bedroom sub-penthouse’s price had been “recalibrated” after it was previously listed with a different agency last year.
“It is a blank canvas so you can do what you want,” Mr Ruttner said.
“The views are the best in Melbourne.”
Level 85/7 Riverside Quay, Southbank, offers its next owner the chance to fit the home out in accordance with their own vision and style.
In 2022, Queensland’s HOTA (Home of the Arts) announced it would renamed a gallery after the Jreissati family, including Colleen and Elias Jreissati, who gave the arts organisation a $1m donation. Picture: Glenn Hampson.
He said one potential buyer had talked about installing two bedrooms and a living area on one side of the home, then fitting out a ballroom and dining room on the other side.
“It could be one half a private nightclub for your friends and the other half accommodation to live in or just a very spectacular apartment,” Mr Ruttner added.
The Jreissatis’ second Eureka Tower property, for sale via expressions of interest, is a luxury four-bedroom penthouse on the complex’s 82nd storey.
Mr Ruttner and colleague Antoinette Nido are managing the marketing campaign.
Melbourne Sotheby’s International Realty’s Max Ruttner said Level 85/7 Riverside Quay showcases the best views in Melbourne.
The sub-penthouse offers panaromas across Melbourne’s CBD and beyond. Picture: Mitch Lyons, Lyons Photography.
The penthouse showcases a cigar lounge, temperature-controlled 1358-bottle wine cellar, a formal dining area for more than 20 guests, multiple powder rooms, an office, Italian travertine and Venetian plaster.
The kitchen is equipped with integrated Miele, Barazza and Fisher & Paykel appliances, while the main bedroom suite has its own lounge room, kitchenette, dual dressing rooms and twin bathrooms.
The penthouse has eight private car parks and four lifts provide entry and exit points.
Mr Ruttner said families from Hawthorn, Toorak, Brighton and Kew, plus buyers based in Sydney and Singapore, had inquired about the residence, attracted by its proximity to the National Gallery of Victoria, Arts Centre Melbourne and Royal Botanic Gardens.
The Jreissati have also listed the penthouse at Level 82/7 Riverside Quay, Southbank.
The penthouse’s kitchen is fitted with integrated Miele, Barazza and Fisher & Paykel appliances.
Elias Jreissati was born in Lebanon and worked as a supermarket shelf stacker after migrating to Australia as a teenager, in 1983.
He taught himself English and bought a number of businesses before starting to invest in real estate, which the laid the foundations for his future success.
As a pancreatic survivor, he and his family founded the Jreissati Pancreatic Centre at the Epworth hospital in Richmond.
Mr Jreissati was recognised as a Member of the Order of Australia for his service to philanthropy, in 2019.
Level 82/7 Riverside Quay has a freestanding spa bath with rather amazing views.
Residents also have access to Eureka Tower’s 25m-long indoor pool, gym, sauna, cinema, outdoor terrace and 24-hour concierge.
Meanwhile two of the three penthouses atop the three-building Saint Moritz development in St Kilda are on the market, with international student recruitment industry boss Vivienne Porter listing her $9.35m and joining Antony Catalano’s $29.95m penthouse listing next door.
Ms Porter heads VIEC, one of the largest operators in South Asia, covering areas including India, Sri Lanka Pakistan and Bhutan, and bought into the development while it was being built.
She appears in a video for the A801/14-16 The Esplanade, St Kilda, home’s listing online.
“I was from the country and wanted to move to Melbourne for some fun, and where else but St Kilda?” she says in the video.
Ms Porter goes on to tout the luxury features of Saint Moritz including wine cellaring, in-house massaging and a residents’ concierge.
A801/14-16 The Esplanade, St Kilda, features four bedrooms, four bathrooms and secure parking for three vehicles.
The Saint Moritz complex was developed by Gurner in collaboration with designers Fender Katsalidis and Koichi Takada.
VicProp’s Girgio Fanourakis is handling inquiries and said the sumptuous home spanned an impressive 406sq m, but was only a single storey compared to Mr Catalano’s address.
Mr Fanourakis said a range of famous faces, property developers and even younger buyers with big money were interested in the home after less than a week on the market.
It is understood Ms Porter is considering a move interstate.
Mr Catalano recently cut the asking price for his neighbouring penthouse from $33m-$36m last year, to $29.95m this year.
There are five other apartments currently for sale at Saint Moritz, with prices ranging from $1.65m to $12.5m – the latter for a residence with entertainment space inspired by cricket legend the late Shane Warne.
Additional reporting by Nathan Mawby.
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