Fortis's $131m Gild development reaches level three in St Kilda

As at 27 October 2026, Fortis’s $131 million The Gild development at 61-73 Fitzroy Street, St Kilda, has reached the third of its five storeys, according to the project’s listing on Apartments.com.au. The mid-rise building will deliver 45 apartments above a ground-floor retail strip, with builder B Central Construction targeting completion in the first half of 2028.

The listing places the site in the Commercial 1 Zone within the City of Port Phillip, about 300 metres from St Kilda beach and five kilometres from the Melbourne CBD. The building rises 19 metres across its five levels, with a mix of two and three-bedroom apartments and a three-bedroom penthouse. Architect Telha Clarke and landscape architect Florian Wild are named as design collaborators on the project, per the listing.

Why it matters

At $131 million for 45 homes, The Gild works out to roughly $2.9 million of project value per home. The listing prices two-bedroom apartments from $1,350,000, with three-bedroom homes priced above that. The listing’s developer page credits Fortis with a broader body of mid-rise apartment work in Melbourne’s inner south and bayside suburbs, of which this project forms part.

The ground-floor retail component, which the listing describes as an activated frontage with a cafe, providore and restaurant, sits within Fitzroy Street’s Commercial 1 Zone, about 300 metres from St Kilda beach and five kilometres from the Melbourne CBD.

The numbers

Apartments.com.au lists two-bedroom homes at The Gild from $1,350,000, with three-bedroom homes and a penthouse at higher price points. The 45 residences will share 100 car spaces and 40 bicycle spaces.

Listed amenities include a gym, an outdoor entertaining area, a wellness studio with a sauna and steam room, a private dining room and a rooftop terrace. The listing states buyers get six years of structural protection and a two-year builder care period, and notes that statutory warranty periods vary by state.

What’s next

With construction at the third of five levels, two levels remain before the building reaches its full 19-metre height, ahead of the first-half-2028 completion the listing nominates. The site sits opposite the Woolworths Metro St Kilda West supermarket, near the Fitzroy Street tram stop on Route 12, and within 500 metres of Catani Gardens.

Separately, the Apartments.com.au developer page for Fortis describes the company’s broader Fitzroy Street activity as still in pre-construction, while the project listing itself reports level three reached. Fortis’s own updates will settle which status is current as the build moves through its remaining levels.