The Orabel Waterfront development in Seaford will comprise of 154 one to four-bedroom apartments in a four storey development.
The apartments will be built on 45 per cent of the allotted land to avoid a high-density development and prices will begin from $379,000.
The development will be a six-star green complex, maximising thermal efficiency, natural light and occupant privacy.
Apartments at the front of the development will overlook the Seaford beachfront, while apartments at the rear overlook Kananook Creek and surrounding park landscape.
A free launch will be held on Saturday, 3 December from 10am-5pm at Beach Sands at 78-83 Nepean Hwy, Seaford.
Seaford is located on Port Phillip, five kilometres north of the city of Frankston and is a gateway to the Mornington Peninsula and its beaches.
The sales period for the complex will commence on Saturday, 3 December for a four-month period.