Queensgate, Potts Point - 18-32 Darlinghurst Road, Potts Point

<ul><li>Currently under construction, move in December 2025.</li><li>Uninterrupted views ocean views, including Wedding Cake Island.</li><li>Best in class appliances including Sub Zero Wolf appliances and Astra Walker tapware.</li><li>State of the art wellness amenity including infrared sauna, gym and plunge pool.</li><li>Unparalleled location at the forefront of Coogee's northern headland.</li><li>3 minute walk to Coogee Beach and Gordon's Bay along the famous Bondi to Coogee coastal walk.</li><li>Architecture by TZG, interiors by Mim Design, landscaping by JILA.</li><li>In January, Ballamac’s penthouse set a Coogee record with its $20 million sale, highlighting the unparalleled prestige and appeal of this extraordinary development.</li></ul>Anchored on Coogee’s northern headland, Ballamac by Central Element presents a rare offering: eight three-bedroom coastal residences that open directly to the rhythm of the sea. The Ocean Residences sit closer to the shoreline than any new development in the area, with uninterrupted views stretching from Wedding Cake Island to the horizon. Floor-to-ceiling glazing invites the ocean in, while expansive interiors flow to generous balconies designed for open-air living. Behind the carefully restored 1860s sandstone façade, the Ballamac Residences reimagine the original estate as two full-floor homes - each balancing historic texture with contemporary elegance. Landscaped gardens and broad terraces provide quiet vantage points above the water. Developer &amp; Builder: Central Element Architecture: Tonkin Zulaikha Greer Interiors: Mim Design Landscape Architecture: Jane Irwin Opportunities to live along this stretch of coastline are increasingly rare. With only a few residences remaining, now is the time to experience Coogee from its most remarkable position.

Ballamac House - 39 Arcadia Street, Coogee

Marrick & Co - 184 Livingstone Rd, Marrickville

Luxury developer&nbsp;Central Element has broken all of Coogee's real estate records with the sale of the penthouse at their heritage restoration project, Ballamac House.

The three-bedroom penthouse sold for $20 million, the highest price paid for anything in Coogee.

The 241 sqm penthouse sold for just under $83,000 per sqm internally, and close to $90,000 per sqm when incorporating the 77 sqm of external space.

&nbsp;

The sale trumps the previous suburb record which was $13.1m for a four-bedroom house located on Wolseley Road, just a short distance from Wylie’s Baths ocean pool with views across Coogee beach to Wedding Cake Island.

The record for an apartment was previously held by the recent sale of $8.8m for a 286 sqm four-bedroom penthouse on Carr Street, with panoramic north-facing views across Coogee Beach to <a href="/new-apartments/clovelly-nsw-2031">Clovelly</a>, by former NSW premier Bob Carr.

It also beats the record in neighbouring South Coogee, which is $18.5m for the three-level five-bedroom clifftop residence at 1A Seaside Parade that was achieved earlier this year. Before that, the $16.85m for the Bunya Parade ‘Coogee Castle’ held the record, which was purchased by Fred Schebesta, the co-founder and CEO of the comparison website, Finder, in 2021.

CE’s <a href="/new-apartments/ballamac-house-39-arcadia-street-coogee">Ballamac House</a> has a long and colourful history – established by Charles Moore in 1860, the coveted estate has lived many lives over the years, as a private residence, hotel and infirmary, with many prominent figures passing through its doors.

CE will transform the site into eight prestigious three-bedroom oceanfront residences across two buildings.

The heritage Victorian house itself will undergo a meticulous restoration to reinstate it to its original grandeur as it is converted into two exquisite residences, with the further six dwellings sitting in a new building to the east with awe-inspiring ocean views. The project will launch to market later in the year.

The $20 million sale was to a local owner-occupier who fell in love with the history of the site and the uninterrupted views out to Wedding Cake Island that will be enjoyed from the building's elevated position on Coogee’s north headland.

Cameron Porter, Head of Sales at <a href="/developers/central-element">Central Element</a>, says Coogee is growing as a sought-after destination.

“We’re seeing a lot more buyers in that ultra-luxury downsizer market who would have traditionally been looking in Bondi and Bronte now turn to Coogee, with the suburbs elevated lifestyle offering," Porter says.

"The flurry of hot new restaurants Coogee’s seen appear in recent years, such as Yana and Louie, and of course Coogee Pavillion’s mimi’s, means locals have world-class dining as well as everything else the idyllic coastal suburb has to offer right on their doorstep."

Porter says they knew there was demand for premium apartments in the area following their success of their&nbsp;award-winning Anden Coogee project around the corner.

"With Ballamac House’s enviable location on Coogee’s north headland just up the road from mimi’s, combined with the quality of product that buyers know Central Element can deliver, we’re expecting this project to be snapped up as it launches to market later this year.”

[smartcode_project_cta:default project_id=141700]

Cameron Porter, Head of Sales at Central Element, says Coogee is growing as a sought-after destination

Joel Robinson

Central Element smash Coogee apartment record with $20 million Ballamac House penthouse sale

Sydney property developer Central Element has secured development approval for the restoration of Coogee's historic 1860’s landmark, Ballamac House.

Ballamac House, at 39 Arcadia Street, will be redeveloped into eight luxury apartments designed by&nbsp;Tonkin Zulaikha Greer (TZG), a long-standing partner of Central Element and expert in heritage projects. They've previously collaborated with Central Element on 25Hours Paddington and The Minerva Potts Point.

Nathan Chivas, Managing Director of Central Element, said Ballamac House&nbsp;has been a permanent fixture on Coogee’s north headland for over a century, so it was crucial to honour its great legacy and restore the property.

"We are thrilled to partner with TZG Architects and Jane Irwin Landscape&nbsp;Architecture to bring the 1860s icon back to its original excellence," Chivas said.

"The conservation of the original house will see us retain the external and internal walls, fireplaces, mantel pieces, and decorative ceilings, while reconstructing the wrap around verandah, as an ode the&nbsp;luxury of estate living."

Established by Charles Moore in 1860, the estate has lived many lives; as a private residence, hotel and infirmary. It has also been home to many prominent Australian figures and seen the likes of British Royalty roam its halls over the years.

Central Element’s vision of fusing old and new will bring the Ballamac House estate into a new era of luxury as it is transformed into eight oceanfront residences across two buildings.

The heritage Victorian house will undergo a restoration to reinstate it to its original grandeur. That will home two of the eight apartments, while the further six will sit in a new building to the east which will have ocean views.

The development occupies close to 1,500 sqm, with its eight residences spread out over four-stories that stand at almost 15 metres tall.

Read more:&nbsp;<a href="/news/nsw/central-element-to-redevelop-coogees-1860-s-ballamac-house-into-luxury-apartments">Central Element to redevelop Coogee's 1860’s Ballamac House into luxury apartments</a>

<a id="m_-1527994245956362592__Hlk143764131" name="m_-1527994245956362592__Hlk143764131"></a>All residences feature three-bedrooms, with the rooftop and penthouse apartments boasting two expansive levels of living. Each residence will enjoy the oceanfront location on Coogee’s northern headland, with uninterrupted views out to Wedding Cake Island.

The penthouse will feature extravagant interiors, configured to maximise its north facing aspect with panoramic views spanning past Gordons Bay to Wylie's Baths. All three bedrooms feature ensuites, with the master occupying the whole top level, with a study and flexible use second living room that can be shut off.

It will seamlessly open up to the wrap around entertaining terrace boasting the best view in the building. The 231 sqm residence will also feature its own internal lift, a second entertaining terrace on the first level, butler’s pantry, powder room and expansive floor-to-ceiling glazing ensuring the views are enjoyed from all the living areas. &nbsp;

Along with the conservation and restoration of the historic elements of Ballamac House, the property will receive an extensive landscaping makeover by award-winning Jane Irwin Landscape&nbsp;Architecture.

The landscaping vision is in response to the views and the heritage house, with all original sandstone utilised throughout the build so as to retain the buildings character, and only local native species selected where possible.

Future residents will also benefit from a communal outdoor area, complete with lush green gardens and a magnesium pool.&nbsp;

Construction on Ballamac House is expected to commence towards the end of 2023.

[smartcode_project_cta:default project_id=141700]

Ballamac House has stood proud on Coogee’s north headland for many years as one of the city’s most coveted addresses, having been converted to a strata title in the 1970’s.

alisonwarters@gmail.com

Central Element green lit for Coogee's Ballamac House apartment redevelopment

Luxury developer&nbsp;Terra Ferma and joint venture partner Knox Group have teamed up on an apartment project in <a href="/developments/potts-point-nsw-2011">Potts Point</a>.

They're seeking to convert a 20-studio apartment building on Oak Lane, the <a href="/developments/woolloomooloo-nsw-2011">Woolloomooloo-side of Potts Point</a>, into a five-level building with just five apartments.

The team spent nearly a year amalgamating 20 owners across two rundown buildings.

The boutique nature of the offering, something which Potts Point and the nearby Elizabeth Bay isn't known for, particularly in the new and off the plan apartment space, means apartments are expected to sell for record prices.

<img alt="Potts Point" data-entity-type="file" data-entity-uuid="257fc57a-8bad-4add-bd85-2b9d8f0cc2b4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-17%20at%2011.20.15%20am.png?VersionId=oNONryKufnX2crTgVz_mdNk17R3I6tOi" />

The premier site has 22-metres of Sydney Harbour frontage and will offer&nbsp;unparalleled 200-degree views of the <a href="/developments/sydney-nsw">Sydney Harbour</a>,&nbsp;from the city skyline to <a href="/developments/cremorne-nsw-2090">Cremorne Point</a>, the iconic Harbour Bridge and Opera House.

“We’re excited to have unlocked one of the finest boutique development sites in Sydney, with a 22-metre harbour-facing frontage, the most expansive frontage of any boutique site on Sydney Harbour,” Knox Group Co-Director Daniel Moroko said.

Terra Ferma Managing Director Diaa Shaker said they are&nbsp;thrilled to add the project to their portfolio of exclusive boutique residences

"With our focus on creating unparalleled living spaces and capturing the essence of Sydney Harbour, each of the five apartments is set to break the Potts Point square meter record."

To bring the project to life, the teams have chosen the renowned TZG Architects, fresh off their recent win in the 2023 Heritage Awards Judge’s Choice for their works on the iconic Bondi Pavilion.

Terra Ferma have worked on a number of boutique developments in the Sutherland Shire, while Knox Group, who have done the same, have recently transformed the Motel Molly in Mollymook.

The team spent nearly a year amalgamating 20 owners across two rundown buildings

Terra Ferma and Knox Group team up for Potts Point apartment project

The landmark Coogee mansion, Ballamac House, is set to undergo a redevelopment into luxury apartments.

Sydney developer Central Element are seeking to transform the historic house, which has been flats for the last six decades. The building at 39 Arcadia Street, just 350 metres from the beach, will be restored and revived to its original glory, creating a collection of just eight apartments&nbsp;to be added to the east of the house.&nbsp;

The group’s vision of fusing old and new will bring the Ballamac House estate into a new era, with the restoration and new build designed by acclaimed architects, Tonkin Zulaikha Greer (TZG), who have collaborated with Central Element on a number of previous projects, including 25Hours Paddington and The Metro-Minerva Potts Point.&nbsp;

TZG’s Director, Tim Greer said their approach was to design both spectacular but also comfortable residences, which spoke to the site’s coastal location and embraced the natural elements of the surrounding environment.&nbsp;

“With Ballamac’s rich Coogee history and Central Element’s expertise, TZG Architects are making a new story. The things we chase in our stories as we craft them are timeless, rational and beautiful but the things that you remember are the small moments of wonder and delight that stay with you long after you have departed” Greer said.

All eight residences will feature three-bedrooms, with the rooftop and penthouse apartments to be split across two levels of living.&nbsp;&nbsp;

Two of the residences will sit within the original 1860’s house with the remaining six situated in the added apartment building, which will feature a communal outdoor entertaining area and garden.

Each of the residences will enjoy the locale of the waterfront location with uninterrupted views out to Wedding Cake Island.

The two apartments within the original house are set to be an ode to old-worldly living, with the retention of the external and internal walls of the original house, along with original fireplaces, mantel pieces, and decorative ceilings.&nbsp;

The residences will also see the reconstruction of the wrap-around verandah with the original rectangular cast iron columns, allowing for indoor to outdoor living.

The repair and conservation of the sandstone walls of the original house will be continued in the new apartment building, blending old and new.

There will be new landscaping by&nbsp;award-winning landscape architecture practice JILA, which will also see a communal plunge pool added.

Central Element’s Managing Director, Nathan Chivas said Ballamac House is a hallmark project for the group, designed to make a lasting impact on the celebrated beach lifestyle in one of Sydney’s most sought-after addresses.&nbsp;

“The legacy and famous history of the building will be preserved as we transform the former residence and add further luxury living spaces that will deliver an elevated lifestyle dimension to the landmark site,” he said.&nbsp;

Completion of the redevelopment is slated for 2024.&nbsp;

The building at 39 Arcadia Street, just 350 metres from the beach, will be restored and revived to its original glory

Central Element to redevelop Coogee's 1860’s Ballamac House into luxury apartments

It&#39;s been over seven years since Iris Capital first earmarked what will likely be one of the most impressive redevelopments in the affluent harbourside suburb of Potts Point.

Iris Capital, led by the local hotelier and developer Sam Arnaout, has slowly amalgamated a larger site, including Potts Point institutions&nbsp;the Bourbon and Beefsteak pub and Les Girls nightclub, to create an ideally located 2,500 sqm from 18-32 Darlinghurst Road, at the top of Macleay Street.

Now Iris are set to launch the $350 million redevelopment, which will see 48 apartments, not including a handful of penthouses with private pools, spread&nbsp;apartments across five buildings, each with their own art-deco identity. The buildings will be known as Sovereign, Regent, Consort, Monarch and Empress.

[smartcode_project:default project_id=5570 project_image_fid=185765]

The development application&nbsp;went before the City of Sydney council in 2018, before being approved earlier this year.

&ldquo;I have long been a big believer in this pocket of Potts Point, and the Queensgate vision is one which we have been working incredibly hard at for some time now,&rdquo;&nbsp;Arnaout said.

[smartcode_project:default project_id=5570 project_image_fid=180676]

&ldquo;Breathing new life into key destinations with high quality redevelopment is one of the hallmarks of Iris Capital and we are extremely eager to see this unique revitalisation come to fruition in the coming months.&rdquo;

Ben Stewart, a director at CBRE Sydney, says Queensgate is&nbsp;one of&nbsp;the most hotly anticipated releases the Eastern suburbs for a number of years.

&ldquo;Queensgate symbolises the next phases in the Potts Point renaissance, one which pays tribute to Potts Point&rsquo;s art deco roots while moving forward with a contemporary collection of sophisticated residences,&rdquo;&nbsp;Stewart said.

[smartcode_project:default project_id=5570 project_image_fid=185762]

Just 48 high-end apartments will be on offer across a selection of one, two and three-bedroom apartments,&nbsp;in addition to an exclusive collection of ultra-luxury penthouses with private pools.

A selection of three-bedroom apartments will also house their own private wine cellar.

[smartcode_project:default project_id=5570 project_image_fid=180675]

Apartment prices start from $1.8 million for the one-bedroom units , $2.8 million for two-bedrooms, $5 million for the three-bedrooms,&nbsp;and $10 million for penthouses.

&ldquo;We&rsquo;ve already seen strong interest from both local and interstate buyers who are eager to get their hands on an incredibly rare product set in one of the city&rsquo;s most thriving dining and retail cultures,&quot; Stewart added.

&ldquo;Residents will be able to step out their front door and straight into a world class collection of caf&eacute;s, boutiques and bars, nestled in an activated laneway with fantastic new amenity and upmarket retail.&quot;

Each residence features&nbsp;artistic finishes, soaring ceilings, a limited collection of private wine cellars, and large&nbsp;walk-in wardrobes, all encased in a&nbsp;heritage fa&ccedil;ade.

As the home of Australia&rsquo;s highest concentration of art deco buildings and some of Australia&rsquo;s earliest block of flats, Potts Point&rsquo;s cityscape is one of juxtaposition, where modern high rises border historic landmarks.

Queensgate&rsquo;s design was bred from a diversity of input including architects Panov Scott and Tonkin Zulaikha Greer (TZG) who devised five distinct personalities for each of the buildings, and interiors by TZG and BKH.

[smartcode_project:default project_id=5570 project_image_fid=180674]

&ldquo;Our philosophy has always explored the crossover between art and architecture, and Queensgate epitomes that intersection of high-end design,&rdquo; said Tim Greer, Director of TZG.

&ldquo;We wanted to produce a collection of homes that were deeply reflective of the Potts Point character while offering the most high-end and modern luxuries available in residential design.&rdquo;

Iris Capital has been busy in the Gold Coast as well as Sydney, recently launching their first Surfers Paradise development, Victoria &amp; Albert.

The $800 million mixed-use development will feature more the 330 apartments across two residential towers rising 30 and 40 levels.

[smartcode_project:default project_id=107928 project_image_fid=178909]

The East tower known as The Albert will comprise 114 two, three and four-bedroom apartments over 30 levels.

The west tower, known as The Victoria, will rise over 40 levels and deliver 219 apartments of one, two and three bedrooms.

[smartcode_project_cta: project_id=5570]

“I have long been a big believer in this pocket of Potts Point, and the Queensgate vision is one which we have been working incredibly hard at for some time now,” Arnaout said

Iris Capital prepare launch of Queensgate, the hotly anticipated Potts Point apartment redevelopment

Buyers have moved in to the first stage of East End, Newcastle&#39;s newest apartment development, with stage two sales well underway.

The recently completed stage one of the Sam Arnaout-led Iris Capital&nbsp;development in the heart of Newcastle on Hunter Street comprises three buildings, Fabric House, Perkins &amp; King and Washington House.

Each building has been created by a different architect.

The most striking is Washington House,&nbsp;where architecture firm TZG had to incorporate the historic Washington House in to their design which retained the front facade.

<a href="/new-apartments/east-end-stage-2-newcastle-147-hunter-street-newcastle"><img alt="" height="837" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/washington_house_1.jpg" width="1600" /></a> 
Washington House, built in the early 1900&#39;s.

Washington House was once the Charleston Studios, operated by the photographer Harry &#39;Henry&#39; Charleston in the 1930s, before being completely remodelled&nbsp;by Washington Handley Soul, of the investment firm now known as Washington H Soul Pattinson.

Washington House features an outdoor landscaped terrace on level three, complete with a private garden, barbecues and outdoor dining.

Durbach Block Jaggers created Fabric House with curved glass and the arched windows, while SJB designed Perkins &amp; King.

Interior design firm Turners handled the interiors.

Around 90 per cent of stage one has sold, with just the nine apartments remaining. Around 50 per cent have sold to owner-occupiers.

Stage two, which comprises Soul and Lyrique, both designed by&nbsp;CKDS Architecture, is around 50 per cent sold.

<a href="/new-apartments/east-end-stage-2-newcastle-147-hunter-street-newcastle"><img alt="" height="1044" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/east_end_newcastle_2.jpg" width="1400" /></a> 
The rear of Lyrique

PRDnationwide agent Ryan Houston says they are seeing a lot of local downsizers and young professionals who no longer want to mow the lawns.

&quot;They want to live the inner city lifestyle,&quot; Houston says, adding that there are out of town buyers&nbsp;from&nbsp;Sydney, as well as areas around Mudgee, Armidale and Dubbo looking for a weekend or even a sea change.

&quot;We are seeing a lot of interest recently in apartments as the market are seeing apartments as the futures of real estate and betting on the fact the market will continue to rise.

&quot;Best thing is that they can lock in a price today at todays prices for only a 10% deposit.&quot;

About the developer

Arnaout&#39;s Iris Capital are behind the likes of the residential developments Omnia in Potts Point, Grand Bondi Junction and Wattle Hill at Hurlstone Park.

Iris Capital also owns a number of hospital venues&nbsp;including the Manly&#39;s Hotel Steyne and Ivanhoe Hotel. Iris has&nbsp;prominent around the Kings Cross area for a number of years where they own&nbsp;the Bourbon.

On the East End project, Arnaout says &quot;This is something that we won&rsquo;t be able to replicate anywhere else and it&rsquo;s something we&rsquo;re proud to be delivering for the people of Newcastle.&quot;

<h2>Recently listed properties:</h2>

[smartcode_project:default project_id=29359]

[smartcode_project:default project_id=29679]

[smartcode_project:default project_id=21618]

&nbsp;

Each building has been created by a different architect

Tonkin Zulaikha Greer Architects

Recent news and updates

The latest real estate & off the plan properties & news, delivered to your inbox.

Developments

New apartments

New townhouses

News

The latest real estate & off the plan properties & news, delivered to your inbox.