First look: Neutral Bay transformation continues as new eight-level building pitched
The affluent suburb of Neutral Bay is continuing to go through a new development transformation.
Several developers have jumped into the Lower North Shore locale in recent years, bringing new housing supply to the suburb considered one of the best in the region.
Growing developer CPDM is the latest entrant, as they continue to bolster their portfolio that includes several projects in LINDFIELD, Gordon and Cremorne.
They are planning a new eight-level building in Neutral Bay, with 25 apartments. They'll be triggering the affordable housing uplift, with six of the apartments dedicated as affordable.
The site, at 27-37 Bydown Street, is an amalgamation of six lots creating over 1,210 sqm just 50m from Military Road. It is currently occupied by several 1890s terraces which aren't heritage listed.
PBD Architects wrote in their submission to the NORTH SYDNEY Council that the project’s massing, materiality, and setbacks are carefully calibrated to respond to the area’s shifting scale, citing “a gradual transition toward medium density development in pockets close to transport corridors and commercial precincts”.
“The development’s density is thoughtfully planned to be sustainable, capitalising on existing and future infrastructure, access to public transport, the site’s cultural and community value, and its environmental attributes,” PBD also noted.
The apartment mix is skewed toward larger residences, with 18 of the 25 apartments having three bedrooms. The remaining will have two bedrooms.
Neutral Bay is undergoing a transformation, with several new developments, and a new mixed-use precinct, slated for the Lower North Shore suburb.
Fabcot, the development arm of supermarket giant Woolworths, has plans for a new $170 million development on the corner of Yeo Street and Rangers Road. They are envisaging 70 apartments above a public plaza with a new full-line Woolworths and medical facilities.
Abadeen is close to completing The Villas, 18 two- and three-bedroom apartments on Premier Street, while Third.i is soon to launch CASA, a collection of whole-floor apartments on Ben Boyd Road.
Joel Robinson
Joel Robinson is the Editor in Chief at Apartments.com.au, where he leads the editorial team and oversees the country’s most comprehensive news coverage dedicated to the off the plan property market. With more than a decade of experience in residential real estate journalism, Joel brings deep insight into Australia’s evolving development landscape.
He holds a degree in Business Management with a major in Journalism from Leeds Beckett University in the UK, and has developed a particular expertise in off the plan apartment space. Joel’s editorial lens spans the full lifecycle of a project—from site acquisition and planning approvals through to new launches, construction completions, and final sell-out—delivering trusted, buyer-focused content that supports informed decision-making across the property journey
