A joint venture between Austcorp and Property Solutions, SW1 comprises retail, residential and office apartments within the heart of the South Bank precinct.

Two commercial towers on Melbourne Street, which include retail areas on the ground floor opened in 2006 as stage one of the project.

This was followed by the development of two residential apartment buildings incorporating 58 units adjacent to the commercial towers on Melbourne Street, which were completed in June 2008.

Stage three of the development comprised two eight-storey commercial buildings with ground floor retail at the Russell Street end of the site and was completed in August 2008. All commercial space is fully leased.

The final stage of the development comprising 36 townhouse style dwellings was completed in September 2010.  In 2011, SW1 was awarded the Australia Award for Urban Design from the Australian Urban Design Awards, convened by the Planning Institute of Australia.