Iwan Sunito's vision for a landmark mixed-use precinct in Sydney's Inner West has taken a major step forward, with approval granted for the $1.9 billion Five Dock development first unveiled earlier this year.

The approved scheme by <a href="https://www.apartments.com.au/developers/one-global-capital">One Global Capital</a> will deliver an 80,500 sqm mixed-use precinct comprising 840 apartments, integrated hotel accommodation, commercial and retail space, alongside publicly accessible open space designed to create a new destination for the growing suburb.

"This is a significant milestone for One Global Capital and for the future of housing delivery in Sydney," Sunito said.

"The Housing Delivery Authority was established to identify major housing projects capable of delivering meaningful supply more efficiently, and we are delighted that Spencer Street has been recognised as one of those projects.”

He said the declaration reflected the rapid progress achieved since acquiring control of the site.

"In less than seven months we have progressed from taking control of the site to securing entry into one of the NSW Government's most important planning pathways. It reflects the experience of our team, the strength of our consultant group led by Urbis, and our long-term commitment to delivering transformational projects that contribute to Sydney's future."

When the project was revealed earlier this year, Sunito described the opportunity as one of the strongest development sites he had worked on.

"I probably hadn't appreciated the uniqueness of the site until more recently when putting together the concept plans," Sunito said.

"The proximity to the water, and the golf course opposite, is unlike any other part of Parramatta Road. We have a unique position and view corridors over the water that makes this one of the best sites I've worked on."

The development has evolved since its initial announcement, with the approved plans increasing the residential component from the originally proposed 750 apartments to 840 homes while retaining the project's focus on creating an integrated neighbourhood rather than a standalone residential development.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/a-city-within-a-city-iwan-sunito-flags-1-5-billion-mixed-use-precinct-in-five-dock">"A city within a city": Iwan Sunito flags $1.5 billion mixed-use precinct in Five Dock</a>

The precinct will combine apartments with hotel accommodation, commercial workplaces, retail offerings and public spaces, creating a mixed-use environment intended to serve both residents and the broader Five Dock community. The proposal also continues the collaboration between One Global Capital and internationally recognised architect <a href="https://www.apartments.com.au/architects/koichi-takada-architects">Koichi Takada</a>, whose previous work with Sunito includes Infinity, Arc and Skye North Sydney.

Takada previously said the design was driven by a philosophy of integrating nature into the built environment.

"The concept for this development is born from our design approach to naturalising architecture," Takada said.

"The public realm benefits from biophilic design that integrates generous landscaping, and the development is optimised for natural daylight, airflow and water views to foster wellbeing, sustainability and spaces that foster community interaction."

Sunito has consistently described the project as a "city within a city", with a strong emphasis on creating a destination that extends beyond housing.

"We want to create a development that's not only to be seen, but to be experienced by the whole local community," he said.

The approval comes as Five Dock continues its transformation ahead of the opening of the Sydney Metro West line, with the new Five Dock station set to significantly improve connections between the Inner West, Parramatta and the Sydney CBD.&nbsp;

The precinct will also benefit from its proximity to the Parramatta Road corridor, nearby waterfront parklands and established retail and dining offerings that have made Five Dock one of Sydney's most tightly held Inner West suburbs.

Joel Robinson

Iwan Sunito secures approval for $1.9 billion Five Dock mixed-use precinct

The new <a href="https://www.apartments.com.au/new-apartments/yarraville-green-42-stephen-street-yarraville-vic-3013">Yarraville Green</a> development in Melbourne's inner west is showing that landscaping can be just as influential as architecture, with buyers responding strongly to the garden-first approach adopted from the outset by developer Excelon Projects and the project's design team.

Excelon appointed Six Degrees Architects and landscape architects SBLA to work collaboratively on the development, with a brief to create "a sustainable, design-led building with a focus on community."

That approach has resonated with buyers. According to Next Chapter Director Tom Hirini, who is leading the sales campaign, the landscaped communal garden has become one of the project's defining features, alongside its boutique scale and European-inspired cluster housing concept.

Local downsizers, right-sizers and established families already living in Yarraville and surrounding suburbs have accounted for the majority of purchasers.

[smartcode_project:default project_id=144913 project_image_fid=297740]

Yarraville Green will comprise 53 homes, including apartments and townhomes, arranged around the shared central garden to maximise connections to the landscaped open space. Parking has been moved underground, allowing the ground plane to be dedicated to greenery, pedestrian movement and communal spaces.

The landscape extends well beyond passive planting. Productive garden beds, a pergola, communal gathering spaces, garden sheds and a pet wash have all been integrated into the masterplan, creating spaces designed to encourage everyday interaction between residents.

[smartcode_project:default project_id=144913 project_image_fid=297741]

The interiors continue Excelon's focus on craftsmanship, incorporating bespoke elements by Melbourne artisans including leadlight detailing by Adadaz, hand-turned timber hardware by Auburn Woodturning and blown-glass lighting by Ruth Allen.

Sustainability has also been embedded throughout the project, with Yarraville Green targeting an average 7-star NatHERS energy rating through passive design principles, rooftop solar servicing common areas and rainwater harvesting for landscape irrigation.

[smartcode_project:default project_id=144913 project_image_fid=297735]

Construction continues to progress at Yarraville Green, with structural works well underway and framing works approaching completion under builder Balmain &amp; Co. The project remains on track for completion in mid-2027.

Apartments at Yarraville Green are currently priced from $625,000, while townhomes start from $1.4 million.

[smartcode_project_cta:default project_id=144913]

Garden-led design drives buyer demand at Yarraville Green

National diversified developer Fortis has officially launched Crest &amp; Walker, its latest Brisbane apartment development, with construction now underway on the 20-storey Newstead project.

Award-winning builder BINAH has commenced construction on the Bureau^Proberts-designed building, which will deliver a limited collection of 65 two and three-bedroom apartments on Kyabra Street.

[smartcode_project:default project_id=145922 project_image_fid=373556]

The project marks Fortis' fourth active residential development in Brisbane, following River House, which is nearing completion, alongside projects in New Farm and Hamilton as the national developer continues to expand its South East Queensland pipeline.

Fortis General Manager – Development Queensland Dan Boman said Crest &amp; Walker reflects the developer's long-term commitment to delivering design-led residential projects in Brisbane's established inner-city suburbs.

"We're proud to be strengthening our presence in Brisbane with Crest &amp; Walker, particularly in such a sought-after lifestyle destination as Newstead," Boman said.

"Every Fortis project is shaped by its context, and we approach each one with the respect and care it deserves.

"Our focus is always on creating places that feel connected to their neighbourhood and elevate the everyday experience for residents. Newstead continues to evolve as one of Brisbane's most sought-after urban communities, and Crest &amp; Walker reflects our ambition to contribute meaningfully to that story."

[smartcode_project:default project_id=145922 project_image_fid=373559]

Positioned between Gasworks Plaza and James Street, <a href="https://www.apartments.com.au/new-apartments/crest-walker-newstead-12-kyabra-street-newstead-qld-4006">Crest &amp; Walker</a> has been designed as a boutique residential address offering privacy and generous living spaces within one of Brisbane's most established lifestyle precincts.

The building features a contemporary brick podium softened by integrated landscaping, while the upper levels are characterised by restrained architecture and enduring materiality. Interiors have been designed to maximise natural light, acoustic performance and long-term liveability.

[smartcode_project:default project_id=145922 project_image_fid=373583]

Residences comprise spacious two and three-bedroom floorplans, with two-bedroom apartments priced from $1.55 million and three-bedroom, half-floor residences from $3.95 million.

Residents will have access to a wellness-focused rooftop featuring a swimming pool, sauna, steam room, landscaped dining spaces and outdoor lounge areas overlooking Newstead and the Brisbane CBD.

[smartcode_project:default project_id=145922 project_image_fid=373571]

Sales are being managed by Slaite Projects, with Fortis expecting strong demand from owner-occupiers seeking a high-quality, design-focused apartment in one of Brisbane's most tightly held inner-city suburbs.

Completion of Crest &amp; Walker is slated for late 2028.

[smartcode_project_cta:default project_id=145922]

Fortis expands Brisbane pipeline with launch of Crest & Walker in Newstead

The enormity of delivering a true skyscraper in Australia's new development market is often overlooked.

It has taken the best part of a decade since plans for Chevron One were first unveiled, but the 41-storey tower is now complete, with residents collecting their keys and moving into what has become one of the Gold Coast's most recognisable new landmarks.

Rising 127 metres above Chevron Island, Chevron One stands almost twice as high as any other building on the island. Its scale places it alongside the trio of towers at Jewel, arguably the last truly significant addition to the central Gold Coast skyline when they were completed around six years ago.

While there are several developments underway around a similar height to Chevron One, they are more concentrated within clusters of the highest towers in the city. The fact Chevron One sits within a developing precinct, looking back at the other high-rise developments in Surfers Paradise and Broadbeach, makes it a different proposition altogether. It will certainly become a reference point on the Gold Coast skyline.

[smartcode_project:default project_id=6515 project_image_fid=68833]

Developer Bensons Property Group is behind the 41-storey tower, which has 229 apartments, along with an exhaustive list of resident amenity spread across what is the largest development site ever assembled on Chevron Island.

The tower has been the talk of the town for years, says Ray White Projects Gold Coast agent Caitlin Rosenboom, who is selling the remaining apartments.

"People have been watching Chevron One go up for years," Rosenboom says, adding that many prospective buyers have been surprised by the scale of the views once they step inside.

"It's only when they walk through a completed apartment that they truly understand the position of the building," Rosenboom says.

"The views are jaw-dropping. Whether you're looking east over the ocean, across Surfers Paradise, along the river systems or out to the hinterland, every level offers something different but equally impressive."

[smartcode_project:default project_id=6515 project_image_fid=360215]

One of Chevron One's defining advantages is its location on the eastern side of Chevron Island on Stanhill Drive, a position which protects the views forever.

"There's only one row of houses between Chevron One and the water, and the height restrictions along the river means views from Chevron One can never be built out,"&nbsp;Rosenboom says.

While new apartment developments continue to emerge across the Gold Coast, Rosenboom says opportunities to secure a completed apartment with this level of outlook are becoming increasingly rare.

"The size of the site is something that would be incredibly difficult to replicate today," she says.

"That's allowed Chevron One to deliver the sort of amenity, open space and resident facilities that very few projects can offer. There are not many completed apartment buildings on the Gold Coast right now that can compete with the combination of scale, quality and amenity."

[smartcode_project:default project_id=6515 project_image_fid=68839]

There's around 2,000 sqm of amenity solely for the use of residents of Chevron One. Club One features a uniquely shaped swimming pool that mirrors the footprint of the building itself, set within a extensively landscaped gardens. There's also an indoor pool and spa, a fully equipped gym with a Pilates room, a yoga garden, a bookable private dining area and lounge that can host up to 30 people, and a 24-hour concierge service.

As for the buyers, Rosenboom is fielding enquiry from everywhere: Sydneysiders and Melburnians looking at the new and off-the-plan market following the changes in the Federal Budget, as well as those looking to relocate, through to South East Queenslanders seeking either a permanent home or a weekender bolthole.

"The Gold Coast lifestyle continues to resonate with people relocating from the southern states, and when they see the views and the quality of what's been delivered at Chevron One, it becomes very easy for them to understand the appeal," Rosenboom says.

A diverse mix of one, two and three-bedroom apartments remain available, with each offering "something a little different", be it the orientation and views, configuration, or level, to suit a wide variety of buyers.

The remaining apartments are ready to inspect in person, by appointment.

[smartcode_project_cta:default project_id=6515]

A decade in the making: Residents to move into Chevron One as construction wraps up

A general rule of thumb in new apartment developments is that the penthouses get the rooftop.

It's a formula that's become commonplace across Australia's apartment market. Residents might have access to a pool, gym or barbecue facilities on a dedicated lower level, but the most desirable outdoor spaces are typically reserved for the highest-priced homes at the top of the building.

<a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Property Group</a> has taken the opposite approach.

Rather than dedicating the rooftop to a handful of buyers, the Gold Coast developer has made it the centrepiece of its Flourish collection, creating expansive shared spaces from the best vantage point in the building.

The philosophy has reached its most ambitious expression at <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> in Palm Beach, where two rooftop precincts connected by a skybridge will deliver one of the most extensive lifestyle offerings seen in a residential apartment project on the Gold Coast.

[smartcode_project:default project_id=150017 project_image_fid=374053]

"We're seeing a clear move toward developments that offer more than just an apartment," Sherpa Group founder Christie Leet said.

"People want spaces that support how they actually live, whether that's working from home, staying active, or spending time with family and friends.

"That's where amenity becomes critical. It's not just about what's included, but how those spaces are designed to be used every day."

[smartcode_project:default project_id=150017 project_image_fid=374052]

The breadth of amenity has already attracted buyers across multiple demographics. Younger first home buyers have been drawn to Soleira's one-bedroom apartments, a product rarely delivered in Palm Beach, while families have responded to practical inclusions such as the shallow children's pool adjoining the main lap pool and the extensive communal recreation areas.

Instead of a single rooftop, Soleira delivers two distinct lifestyle zones.

[smartcode_project:default project_id=150017 project_image_fid=372547]

The southern rooftop has been dedicated to wellness, featuring a gym, yoga and Pilates studio, work-from-home facilities, a wellness centre, spa, and hot and cold plunge pools.

The northern rooftop focuses on recreation and entertaining, incorporating a heated resort-style pool, private dining rooms, pizza ovens, barbecues, a golf simulator, children's recreation areas, and what is expected to be the Gold Coast's first rooftop basketball court, which will also double as a squash court.

[smartcode_project:default project_id=150017 project_image_fid=374054]

Beyond the rooftops, Soleira will introduce 1,500 sqm of curated retail beneath the towers, creating one of Palm Beach's first genuinely mixed-use lifestyle precincts where cafés, restaurants and convenience retail become part of residents' everyday lives.

Sherpa has also retained management rights across the development, allowing it to oversee the long-term operation of the building through a 24-hour concierge model. The developer is also exploring additional revenue streams within the precinct aimed at helping offset ongoing body corporate costs for residents.

[smartcode_project:default project_id=150017 project_image_fid=370962]

While Soleira is the largest project Sherpa has delivered, the rooftop-first philosophy has been evolving for several years.

It began with <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>, the first project released under the Flourish brand. Rather than competing at the ultra-luxury end of the market with oversized half-floor and full-floor residences, Sherpa focused on creating lifestyle-driven apartments supported by resort-style shared spaces.

Amargo introduced more than 800 sqm of rooftop amenity, combining wellness facilities, heated pools, entertaining areas, cabanas, pizza ovens and private dining spaces into what was designed as an extension of residents' homes rather than a facility used only occasionally.

[smartcode_project:default project_id=146527 project_image_fid=366550]

That approach continued with Flourish Oasis, where the same amenity-led philosophy was refined into a more boutique development. Strong demand from Sherpa's growing VIP database saw much of the project sold before it reached the broader market, reinforcing buyer appetite for apartment communities centred around shared lifestyle experiences.

Flourish Amargo is slated for completion mid-way-through next year, with Oasis to be delivered by late 2027. Flourish Soleira is expected to complete in 2030.

[smartcode_project_cta:default project_id=150017]

Sherpa takes amenity to the sky as Flourish Soleira captures booming Palm Beach demand

Potts Point

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When it comes to adaptive reuse of a historic building, there's a finite group of architecture firms who can truly master a tasteful heritage retrofit, and Woods Bagot is one of them.

Recently the firm undertook an exciting residential project, reinvigorating a 1920 Potts Point building, which boasts stunning Art Deco opulence, a timeless material palette and effortless modernity.

We caught up with Woods Bagot Architect and Principal, Domenic Alvaro and Project Architect, Derek Scholes, to learn about how the design of The Hensley came about. 

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2020-08-17_at_5.33.40_pm.png" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="876" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2020-08-17_at_5.33.40_pm.png?itok=hgAVbqqZ" width="580"></a></figure>Urban.com.au: Where did you draw inspiration for The Hensley from?

Domenic Alvaro: The process of adaptation – creating a building that is a dynamic counterpoint between new and old – was inspiring. The former Mercedes Hall hotel building had long-since grown tired after its construction in the early 1900s, so this project was an opportunity to revive it and ensure usability, integration and relevance for future generations.

Adaptation requires the right balance of rare and significant elements to come together. In this case, we had an invested client who recognised and wanted to maintain the importance of the building – trusting us with the process of rethinking and restructuring that is required when you take on this kind of heritage restoration. Good adaptive reuse projects require this kind of philosophical reframing to ensure their relevance and usability – there’s no ‘one size fits all’ solution when it comes to creating something as valued by the community as it is by residents. 

Inspiration was also found in the form of small ‘moments’ or elements within the existing site. For example, The Hensley’s material palette is heavily influenced by details in its surrounding Potts Point context, referencing the brick, steel, terrazzo and herringbone floors that often characterise buildings from that era. Similarly, the front gate – inspired by the detail and finesse of the Art Deco era – brings the memory of the building’s history into its present in a striking manner.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2020-08-17_at_5.32.57_pm_1.png" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="873" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2020-08-17_at_5.32.57_pm_1.png?itok=z_DhwRXz" width="580"></a></figure>U: What were the top 5 features you decided had to be included in the development and why?

DA:

<ol>
<li>The adaptive reuse of an existing building. Addressing the city’s interest in conservation in order to maintain the streetscape significance of Potts Point, an existing 1920’s building was adapted into two apartments.</li>
	<li>An 8-storey light well. This feature unlocks the design’s plan by providing cross ventilation to apartments, and natural light to open corridors and many apartment bathrooms.</li>
	<li>A double height breezeway entry. Reminiscent of the wide, light-letting old-world apartment entries in Europe, the double height breezeway celebrates the transition between old and new. Fenestration – the arrangement of windows in the building – was reinstated as per the original design drawings.</li>
	<li>A roof terrace. A roof terrace with views of the local district provides residents with a large communal area to entertain.</li>
	<li>Material choice. The use of brick provided a sense of “instant history” and permanence to the new building, achieving a modern expression of the moody brickwork palette prevalent in Potts Point’s timeless deco apartments.</li>
</ol>
<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2020-08-17_at_5.31.03_pm.png" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="477" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2020-08-17_at_5.31.03_pm.png?itok=JikySLUV" width="580"></a></figure>U: What do you think buyers love most about the development?

DA: The liveability of apartments. In such a tightly held inner city suburb, there is a considerably limited supply of new apartments – The Hensley offers abundant natural light, highly usable balconies and access to views that really stands out. Each apartment has been designed to capture and frame the surrounds vistas, boasting high quality finishes, great access to greenery and ventilation, and plenty of practical integrated storage and layouts that are both versatile and functional.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2020-08-17_at_5.33.10_pm.png" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="871" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2020-08-17_at_5.33.10_pm.png?itok=D--BrmYm" width="580"></a></figure>U: If you had to choose your favourite aspect of the building, what would it be?

Derek Scholes: The grand entry. Inspired by the finesse and craft of the Art Deco era, the gate is a talking point amongst locals, residents and their guests. The entry gate strongly defines the address and provides a sense of grandeur to the arrival experience.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2020-08-17_at_5.33.25_pm.png" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="871" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2020-08-17_at_5.33.25_pm.png?itok=Fp6yuxwF" width="580"></a></figure>U: What makes The Hensley stand out from other properties on the market?

DS: Appealing to a diverse demographic, The Hensley provides a lifestyle. Set in a gritty, vibrant inner-city neighbourhood, the project is conveniently located close to the CBD and boasts some of Sydney’s best theatres, restaurants, bars and modern-day luxuries at its footstep – it marries the best of the past with the brightness of its future.

Photo credit: Trevor Mein
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Olivia Round

Sydney apartment of the week: The Hensley, Potts Point

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Michael Croke, sentenced mid-week to three years and nine months for perverting the course of justice, secured $1.95 million for his recently sold Kings Cross office.
Croke had sought $2.3 million for the Kellett St offering through Tristan Bassey and Nick Chalipilias at Ray White to fund his legal bills.
The court charges concerned a $700,000 bag of cash seized from a person staying in the Hilton Hotel in 2011.
Croke ­assisted a criminal group in their att­empts to convince the police the money was from a legitimate source.
The two-level terrace had 170 sqm of space, with shelving full of Croke’s own case files.
This article was first published in the Sunday Telegraph. 
 
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Jailed lawyer Michael Croke sells Potts Point terrace

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The Potts Point apartment of the fitness guru Michelle Bridges has been settled, with the price revealed as a bullish $6.4 million.
The Macleay St Pomeroy apartment sold off-market earlier this year, with its settlement occurring earlier this month.
“Moving forward,” she told her social media followers. Bridges continues production of her five-minute Big W sponsored cardio videos for lockdown, the most recent being viewed 60,000 times.
Bridges, who has a $2.7 million Kangaloon, Southern Highlands home, held the apartment in her own name.
It was bought in 2013 with then business manager and husband Bill Moore for $2.9 million.
They split after nine years of marriage in 2013. Bridges later shared the abode with Steve “Commando” Willis, her Biggest Loser colleague, until their estrangement, which emerged early this year.
It was once owned by interior designers Marco ­Meneguzzi and Michael Love.
The apartment has been bought by Prue and Simon Perrott.
He spent 30 years in investment banking including ABM Amro. The couple had previously rented in the complex, after selling in Mosman for $7.85 million.
Pomeroy’s latest listing is by the former Future Fund member Susan Doyle who also moved in after selling in Mosman for $7.1 million.
They bought for $4.25 million from the music industry executive Janine Ashton in 2017 after local Richardson &amp; Wrench agent Jason Boon took 358 days to find his buyers.
Boon told Mark Bouris’s Straight Talk podcast that he’s just had his third-best month in 15 years in commission take. But he expressed doubt on the suburb’s future.
“I don’t even know how to explain the capital gains in Potts Point. Everyone keeps ringing me back and wanting more each time and I keep on getting it … but it’s going to end … it’s got to stop,” he said.
This article first appeared in The Sunday Telegraph.
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Michelle Bridges apartment settles at $6.4 million

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Amid the coronavirus lockdown, some luxury apartment developers have an eye on the future.
There has been a conditional $85 million offer made for the purchase of every apartment in The Chimes, a 1960s Potts Point apartment block.
It has been made by the boutique Melbourne-based developer, Time &amp; Place Property, founded by developer Tim Price in 2015, who would end up paying about $1 million per apartment.
The Macleay Street block is best known for its pricey car space prices rather than its 80 studio apartments.
In 2016 an undercover car space fetched $264,000 which was a Sydney record. 
Set at the plane tree-lined Parisian end of the strip, 45 Macleay Street is a 10 storey building that sits on the McDonald Street corner.
Its value is the block sits on a 1268 sqm block of land.
The Chimes strata block was registered in 1964 after demolition of the historic row of Santa Fe 1905 Queen Anne style terraces.
The other end of the row remains with Justin Hemmes recently selling the premises to Tony Benjamin.
Given the COVID-19 slump in tourism, he's now seeking long term tenants, rather than his initial overnight stays offering.
The Chimes body corporate has signed a non-ainding heads of agreement with Time giving them eight weeks to advise if it wishes to proceed to the next stage.
The highest 38 sqm studio apartment sale was $825,000 in 2018 with Harbour Bridge and Opera House views from the eighth floor, plus a car space.
The cheapest recent sale was $520,000.
The original unit allocation is a tad simplistic as every unit no matter whether with a view of harbour view or car park is either seven (fn one floor) or eight in the remaining 10 floors.
The 27 car spaces each have one unit entitlement.
The building sits on less than a third of its 1280 sqm holding.
The strata was the 934th, with the first coming in 1961 at Lindsay Gardens was the world’s first ever strata-titled building at 189 Liverpool Road, Enfield.
.
 
 
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j.ballantyne1990-6AQqhLzZaK

$85 million offer made on Potts Point apartment block The Chimes

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The Sydney criminal lawyer Michael Croke, who is in court facing charges of perverting the course of justice, has listed his Potts Point office terrace for sale.
The criminal lawyer Michael Croke, who is facing charges of perverting the course of justice, has listed his Potts Point office terrace for sale.
Croke is seeking $2.3 million for the Kellett Street offering through Tristan Bassey and Nick Chalipilias at Ray White.
The two-level Victorian terrace has 170 sqm of space, with plentiful shelving full of Croke case files.
Croke recently won a delay for his trial until March, the third time in three years there has been a postponement. He has pleaded not guilty to perverting the court of justice.
The matter concerns a $700,000 bag of cash seized from a person staying in Sydney’s Hilton Hotel in 2011. Croke allegedly assisted a criminal group in their attempts to convince the police the money was from a legitimate source.
Croke had previously not been able to provide the necessary funds for his defence which saw postponements in 2018 and 2019.
The delay to the anticipated six-week trial this time was as Croke’s barrister John Korn had been double-booked with a rape case client.
This article was first published in the Sunday Telegraph. 
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Sydney lawyer Michael Croke lists Potts Point office terrace

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Celebrity fitness trainer Michelle Bridges has sold her Potts Point apartment in a hush hush off market sale.
The luxury Macleay Street abode with city and harbour views sold late last year — but has yet to settle.
It is tipped to have fetched $6 million-plus, a huge windfall for Bridges, who held the property in her own name only.
Bridges has a Southern Highlands retreat overlooking the rolling hills at Kangaloon.
The Potts Point Pomeroy apartment was bought with then business manager and then-husband Bill Moore in 2013 just as the five-year Sydney property boom began, costing them $2.9 million.
Bridges and Moore snapped it up at below its 2010 sale price of $3.2 million, when it was sold by prominent Sydney interior designers Marco Meneguzzi and Michael Love.
The apartment was transferred into Bridges’ name in 2016 after her relationship with Moore ended.
Bridges spent $2.7 million in 2017 on a Southern Highlands weekender, Summerside, a 4.1ha estate featuring a five-bedroom homestead amid Michael Bligh gardens.
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Fitness trainer Michelle Bridges sells Pomeroy, Potts Point apartment

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The former independent member for Wentworth, Dr Kerryn Phelps and wife Jackie Stricker-Phelps pulled their Potts Point investment apartment from its weekend scheduled auction.
Located on Macleay Street, the two-bedroom, two-bathroom Rex apartment with off-street parking has a $1.68 million asking price through Phillips Pantzer Donnelley agent Debbie Donnelley.
The couple, who paid $715,000 in 2008, have been on the lookout for a sea-change weekender after the $3.25 million sale of their Bowral retreat to Phillip Hunt and Georgia Gilkeson.
There has been whispers they have spent $3.25 million on a beachfront at Bundeena, which would mark a return as they sold their prior nearby beachfront in 2016 at $3.3 million. 
This article first appeared in The Sunday Telegraph. 
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Kerryn Phelps yet to sell Rex, Potts Point investment apartment

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The Potts Point apartment of the late international model Annalise Braakensiek has been quietly sold by the executor of her estate.
The $635,000 sale was slightly higher than the $600,000 Braakensiek had paid for the one-bedroom apartment just a few months before her death earlier this year.
The apartment, on Victoria Street, was set to be a bolthole for the jetsetting model who divided her time between Europe and the US.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/11/8/Screen%20Shot%202019-11-08%20at%207.jpg" alt="">
The Sunday Telegraph reported she left her estate to friends and family but nothing to her estranged husband, Danny Goldberg.
She had planned to decorate the 53 square metre unit, in a recently refurbished 1980s complex, with Balinese accents.
This article first appeared in The Sunday Telegraph. 
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Model Annalise Braakensiek's Potts Point apartment sells

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Two Potts Point CBD fringe retail chemists/pharmacies have been offered for lease.
One is at 4/81 Macleay Street, featuring 128 sqm of NLA.
The second is at 91 Darlinghurst Road (pictured above) with 100 sqm of NLA.
Dillon Frain and Nik Simonovic of Burgess Rawson are marketing the properties.
Although they are currently approved as pharmacies, it is noted in the marketing material that they may suit a wide variety of retail uses.<img src="https://www.urban.com.au/images/2019/10/28/Darlinghurst%20Road%20Chemist%202.JPG" alt="">
The Darlinghurst Road property, currently tenanted to Crest Hotel Chemist (pictured above) is located in close proximity to the Kings Cross station.
The Macleay Street holding is currently home to the Amcal Pharmacy, within the Ikon development.
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Two Potts Point pharmacies seek new lessors

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A Potts Point backpacker hostel has been listed for the first time in over four decades.
The four level Orwell Street building is currently the home of Jolly Swagman Backpackers, who have been operating from the building for over 20 years.
<img src="https://www.urban.com.au/images/2019/10/18/Backpackers%202.jpeg" alt="">
The 47 room hostel near Kings Cross Station has a shared kitchen, dining room, TV room, laundry, and solar roof panels.
It's gross annual income for this year is $1.23 million per annum.
 <img src="https://www.urban.com.au/images/2019/10/18/Backpackers%203.jpeg" alt="">
Jerry Leis and Allan Levy, from Metro Commercial Double Bay, have a November 12 auction.
Prices at the hostel start at $34.
Last year Sydney Central Backpackers, a smaller backpackers nearby, <a href="/expert-insights/investing/sydney-central-backpackers-at-potts-point-fetches-7-milliion">sold for a record $7 million</a>.
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