S&amp;S Projects is boosting its investment at Rainbow Bay to more than $1 billion after the prolific Gold Coast developer acquired a new site for $20.25 million and immediately laid plans for a new luxury apartment project in the sought-after precinct.

The site, which is the company’s fifth acquisition at Rainbow Bay in the past four years, will be home to the company’s largest project to date after delivering 3 sold-out projects and construction progresses on Radia worth a combined $215m. 
S&amp;S Projects is currently finalising plans for its latest strategic acquisition, a 1,518 sqm site located 209-213 Boundary Street in Coolangatta, with a development application expected to be lodged within weeks.

The luxury residential development will build on the company’s highly successful projects at Rainbow Bay, comprising Flow, Awaken, Esprit and Radia, with Radia currently under construction by Hutchinson Builders.

“We have been unflinching in our commitment to Rainbow Bay and the transformation we have helped drive in this incredible part of the Gold Coast, which is among the city’s most desirable residential locations,” said S&amp;S Projects founder and director Paul Gedoun.

“Our fifth project will reflect the best of what we have done so far to create a lifestyle precinct that is second to none.”

The latest development, which has yet to be named, is proposed to accommodate 88 luxury apartments in a design that will immerse residents in a unique wellness lifestyle that expands on the legacy of S&amp;S Project’s earlier developments at Rainbow Bay.

The development will feature an expansive rooftop garden and wellness centre with a resort- style pool, among a host of lifestyle amenities planned for residents.

“Rainbow Bay, with its beautiful, protected beach and alongside one of the world’s best surf breaks at Snapper Rocks, is the natural wellness heartland of the Gold Coast,” said Gedoun.

“We are taking every advantage to create a truly unique rooftop wellness experience with a natural feel for residents, offering stone features throughout and an underlying theme that emulates a botanical garden.”

The latest acquisition comes as S&amp;S Projects is at the completion of Esprit and construction continues on Radia, which are part of their significant portfolio undertaken by the company at Rainbow Bay since 2022.

The $215 million Radia, which comprises 38 apartments, is currently the flagship development by S&amp;S Projects at Rainbow Bay which is expected to be completed in 2027.

Jayde Pezet, of Pezet Matheson, which has managed sales and marketing for S&amp;S Projects across their Gold Coast portfolio, emphasised the developer’s commitment to continuous improvement and excellence.

“S&amp;S Projects continue to elevate the benchmark of luxury with each development," Pezet said.

“We have worked with S&amp;amp;S on their 4 other projects in Rainbow Bay and their approach reflects a team that is constantly learning, refining, and pushing the standard higher.

“Their hyper-local knowledge and deep expertise within the luxury property sector are what truly set them apart, allowing them to deliver projects that feel both globally sophisticated and authentically connected to their coastal environment”

S&amp;S Projects plans to officially launch its latest project at Rainbow Bay in the second half of this year.

“As we embark on our largest project yet, we have pulled out all stops to create another landmark development that truly reflects the relaxed southern Gold Coast lifestyle,” Gedoun added.

Joel Robinson

S&S buys $20m Rainbow Bay site for fifth beachside apartment project

Japandi, an emerging design trend that combines Scandinavian functionality with Japanese rustic minimalism, remains relatively untested in Australia’s residential development market.

As developers look to differentiate their projects and offer something distinct to buyers, Brisbane-based developer Lantona has embraced the hybrid style for its recently launched Toowong apartment project, <a href="https://www.apartments.com.au/new-apartments/koya-residences-6-josling-street-toowong-qld-4066">Koya Residences</a>, with early response to the design proving positive.

Lantona entrusted Red Door Architecture and interiors practice Luma Design Co with delivering the Japandi brief. The approach blends Japanese minimalism with Scandinavian functionality, emphasising warm, restrained interiors, natural materials and clean lines. Drawing on the Japanese concept of wabi-sabi (beauty in imperfection) and the Scandinavian principle of hygge (comfort and cosiness), it creates serene, uncluttered and sustainable living environments.

These design principles are expressed throughout the Josling Street development, both in its exterior form and across the 40 one-, two- and three-bedroom residences within.

[smartcode_project:default project_id=150787 project_image_fid=366229]

Koya reflects a deliberately scaled approach, with the five-storey form designed to align with the surrounding residential streetscape rather than dominate it.

“Koya is conceived as a building that sits comfortably within its surroundings. Every decision, from material selection to spatial planning, has been guided by long-term liveability and enduring relevance,” the developer said.

[smartcode_project:default project_id=150787 project_image_fid=366243]

Positioned within an established inner-west neighbourhood, the development sits near riverfront parklands and the Bicentennial Bikeway, while remaining within walking distance of Toowong Village and multiple public transport options connecting to the CBD, St Lucia and West End.

Lantona said the location was central to the project’s conception, pointing to Toowong’s balance of green space, transport access and proximity to major education institutions.

“<a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> combines river access, walkability, immediate CBD connection and a strong educational presence. That balance made it the obvious setting for Koya.”

[smartcode_project:default project_id=150787 project_image_fid=366230]

Communal amenity is concentrated on the rooftop, where a shared retreat will include a pool, dining areas and outdoor spaces oriented towards neighbourhood and city views. The design allows for both private use and small gatherings, extending the living environment beyond individual apartments.

Koya enters the market at a time when smaller-scale developments are becoming less common in established suburbs, with many recent projects in the suburb shooting for the sky.

In a nod of confidence,&nbsp;<a href="https://www.apartments.com.au/builders/brisbane-builders">Brisbane Builders</a>&nbsp;has already commenced construction on the building, which is slated for completion in early 2027. Keenan &amp; Byrne is marketing Koya.

[smartcode_project_cta:default project_id=150787]

Japandi-inspired Koya Residences launch in Toowong

<section data-scroll-anchor="false" data-testid="conversation-turn-6" data-turn="assistant" data-turn-id="request-WEB:ca872054-bfe3-4cc5-a2c8-b373d4dfeafb-2" dir="auto">
A completed Castle Hill apartment development is returning to market with an uncommon level of financial backing, positioning it as one of the more secure options for buyers in Sydney’s north-west.

Skyview in Castle Hill, originally developed by Top Place and now overseen by capital partner <a href="https://www.apartments.com.au/developers/equitifund-group">Equitifund</a>, is being relaunched following a full remediation process. Central to its repositioning is a substantial financial reserve designed to provide ongoing protection and reduce uncertainty for incoming purchasers.

At the core of this offering is an $11 million bond secured during the project’s remediation phase, negotiated by former NSW Building Commissioner David Chandler. With less than $4 million required to complete the works, approximately $7.2 million remains in reserve, with around 15 years left on the term.

[smartcode_project:default project_id=147685 project_image_fid=359134]

Rather than a typical insurance-backed structure, the remaining funds are held as cash, creating a readily accessible financial buffer should any future building issues arise. The structure is intended to provide buyers with an added layer of certainty, differentiating the development from more conventional apartment offerings.

Equitifund Executive Chairman Greg Huxley said the structure provides a level of security not typically seen in apartment developments.

“The $11 million bond established for the Skyview Castle Hill development represents exceptional value, providing genuine financial security for purchasers,” Huxley said.

“Unlike a standard insurance policy, this bond consists of real funds held in trust for the Owners Corporation, offering a tangible layer of protection and added peace of mind.”

[smartcode_project:default project_id=147685 project_image_fid=359135]

The remediation process has now been completed in full, with no active rectification orders or outstanding directives linked to the project on NSW Government registers. This outcome reflects the broader tightening of building oversight across the state, while also highlighting the project’s transition into a completed, compliant asset.

In a market where many buyers remain cautious about apartment quality, initiatives like this are designed to restore confidence, giving purchasers greater certainty and a stronger sense of security in their investment.

Equitifund has since acquired the remaining apartments and is managing their reintroduction to the market. With the works finalised and a significant financial reserve in place, the project now presents with a markedly different risk profile compared to its initial release.

[smartcode_project:default project_id=147685 project_image_fid=359137]

Beyond the added security, the development is positioned in one of Castle Hill’s more established pockets. The Gay Street address places it within close proximity to Castle Towers, one of the country’s largest retail centres, as well as Castle Hill Metro Station, which now connects directly to the broader Sydney Metro network.

Equitifund National Sales Director Ben Hamblett said buyer demand in the area continues to be driven by access to transport and amenity.

“Interest from both owner-occupiers and investors in Castle Hill remains exceptionally strong, with buyers consistently prioritising developments in close proximity to the Metro station and Castle Towers Shopping Centre,” Hamblett said.

“There is a clear trend in the market, with purchasers seeking convenient access to transport and lifestyle amenities that support a seamless, low-maintenance way of living.”

[smartcode_project:default project_id=147685 project_image_fid=359145]

The apartments also enter the market at a relatively accessible price point for the area, with two-bedroom configurations starting from $995,000 and rental demand for similar stock reaching around $900 per week. This combination of pricing, connectivity, and completed status is expected to appeal to both owner-occupiers and investors seeking lower-risk entry into the Hills District apartment market.

For eligible buyers, a limited 3.50 per cent p.a. two-year fixed interest rate is currently available through Equitifund’s lending partners, providing an additional layer of affordability.

EquitiCredit Pty Ltd ACN 676 363 769 holds ACL 559289 and provides credit assistance. Finance is arranged through EquitiCredit and funded by its lending partners. Interest rates are subject to change and eligibility criteria apply. Terms, conditions, fees and charges may apply. This is not financial advice and should not be relied upon as such. Prospective buyers should seek independent financial advice.

[smartcode_project_cta:default project_id=147685]
</section>

Castle Hill apartments offering unmatched buyer protection through dedicated fund

A State-Assessed Rezoning Proposal for the Kurnell Peninsula is now on public exhibition, setting out a plan to deliver up to 4,300 homes alongside new retail, tourism and public open space on a 210-hectare coastal site.

The proposal, backed by the Minns Labor Government, would transform a former sand mining area along Captain Cook Drive into a mixed-use precinct delivered over approximately 20 years.

In addition to housing, the plan includes more than 7,000 sqm of retail and commercial space, new community facilities and approximately 116 hectares of open space, equating to more than half the site.

<img alt="Kurnell" data-entity-type="file" data-entity-uuid="ce1c6567-1df0-4de0-9fe5-a76be0367834" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-13%20at%209.11.51%E2%80%AFAM_0.png?VersionId=dbbTmYaJvROA5fkQbgaxis8cmFwtpB5_" />

<hr data-end="849" data-start="846" />
<h2 data-end="902" data-section-id="ony3l3" data-start="851">Rezoning framework enables mixed-use development</h2>

The rezoning application seeks to amend planning controls under the State Environmental Planning Policy (Precincts—Central River City) and the Sutherland Shire Local Environmental Plan 2015.

Its primary objective is to enable a broader range of land uses across the site, including residential, employment, tourism and community uses, while also formalising environmental protections and land management outcomes .

The proposal has progressed through the state-led rezoning pathway after being identified as a project of regional significance, supported by several years of technical studies and agency consultation .

Development would occur in stages, aligned with the progressive closure and remediation of the existing sand mine.

<hr data-end="1718" data-start="1715" />
<h2 data-end="1768" data-section-id="krwii9" data-start="1720">Master plan structured around three precincts</h2>

The accompanying urban design report outlines an indicative master plan that divides the site into three primary precincts, anchored by a town centre in the western portion of the site.

The town centre is planned as the first stage of development, located on land that has already been remediated. It is intended to accommodate higher-density housing, retail, and community uses.

<img alt="Kurnell" data-entity-type="file" data-entity-uuid="4bfd5873-4847-4105-b220-0a30c96f5573" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-13%20at%209.20.09%E2%80%AFAM.png?VersionId=7aVaSsZLAc6mElSH4g6Ct5bGsNxZcnPL" />

Additional precincts extend toward Bate Bay and Boat Harbour, with built form responding to environmental conditions and proximity to the coastline.

The design framework identifies distinct local character areas, with the master plan structured to reflect “unique natural qualities” across the site.

<hr data-end="2495" data-start="2492" />
<h2 data-end="2544" data-section-id="1vitwqn" data-start="2497">Open space forms core of the design approach</h2>

A key component of the proposal is the allocation of approximately 116 hectares to open space and ecological land.

This includes:

<ul data-end="2846" data-start="2678">
	<li data-end="2702" data-section-id="d96caj" data-start="2678">Three district parks</li>
	<li data-end="2723" data-section-id="17y6uz6" data-start="2703">Nine local parks</li>
	<li data-end="2741" data-section-id="14hui00" data-start="2724">Sports fields</li>
	<li data-end="2778" data-section-id="ts7psx" data-start="2742">Coastal and ecological corridors</li>
	<li data-end="2846" data-section-id="agduax" data-start="2779">Two kilometres of publicly accessible beachfront along Bate Bay</li>
</ul>

The urban design report positions this open space network as central to the structure of the development, rather than ancillary to it.

It is intended to support ecological regeneration, provide recreational amenity and create a connected network across the peninsula.

The plan includes north–south ecological corridors, expanded wetland systems and pedestrian and cycling links designed to connect residential areas to the coastline and open space areas .

<hr data-end="3347" data-start="3344" />
<h2 data-end="3381" data-section-id="ql66rt" data-start="3349">Housing mix and affordability</h2>

The proposal includes approximately 4,300 dwellings across a range of housing types.

This includes high-density apartments, medium-density housing, townhouses and seniors housing.

Affordable housing provision is identified at approximately 240 dwellings, alongside a smaller component of social housing.

The master plan emphasises housing diversity, with the intent of accommodating a range of household types and age groups within the development.

<img alt="Kurnell" data-entity-type="file" data-entity-uuid="d4baba4d-b5b0-4a86-bcad-5d319b036184" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-13%20at%209.11.59%E2%80%AFAM.png?VersionId=udYFz0q8tjEPR3pmKLHRSFRJN4dKakPO" />

<hr data-end="3877" data-start="3874" />
<h2 data-end="3919" data-section-id="rgckdv" data-start="3879">Built form controls and height limits</h2>

Proposed building heights across the site range from three to 12 storeys.

These controls are set out within the rezoning application and are intended to manage visual impact, maintain view corridors and ensure compatibility with the coastal landscape.

Floor space ratios and height limits are applied across different parts of the site to reflect varying environmental conditions and proximity to open space and the coastline .

Higher density is generally concentrated within the town centre, with lower-scale development toward the coastal edge and environmentally sensitive areas.

<hr data-end="4548" data-start="4545" />
<h2 data-end="4588" data-section-id="1minlda" data-start="4550">Retail, tourism and employment uses</h2>

In addition to residential development, the proposal includes retail, commercial and tourism uses.

This includes:

<ul data-end="4896" data-start="4706">
	<li data-end="4775" data-section-id="1jrun76" data-start="4706">Approximately 7,000–9,800sqm of retail and commercial floor space</li>
	<li data-end="4803" data-section-id="10kyifw" data-start="4776">A full-line supermarket</li>
	<li data-end="4830" data-section-id="fz1hdg" data-start="4804">Food and beverage uses</li>
	<li data-end="4896" data-section-id="1aqg2fj" data-start="4831">Tourism accommodation, including hotel and short-stay options</li>
</ul>

The proposal also identifies employment outcomes, with the development expected to support jobs both during construction and in ongoing operations.

These uses are concentrated within the town centre and key activity areas across the site.

<hr data-end="5142" data-start="5139" />
<h2 data-end="5172" data-section-id="162x2kt" data-start="5144">Infrastructure and access</h2>

The proposal includes upgrades to Captain Cook Drive, which provides the primary access to the peninsula.

These upgrades are intended to improve traffic flow and support emergency access.

The transport strategy also incorporates:

<ul data-end="5529" data-start="5407">
	<li data-end="5433" data-section-id="fanquy" data-start="5407">Internal road networks</li>
	<li data-end="5469" data-section-id="o6y80y" data-start="5434">Walking and cycling connections</li>
	<li data-end="5529" data-section-id="jgraft" data-start="5470">Proposed public transport routes and bus stop locations</li>
</ul>

The rezoning report includes detailed analysis of transport, flooding, and infrastructure requirements to support the staged development of the site .

<hr data-end="5723" data-start="5720" />
<h2 data-end="5769" data-section-id="14urh3" data-start="5725">Environmental and cultural considerations</h2>

The site is identified as having environmental and cultural significance, including areas of ecological value and Aboriginal archaeological sensitivity.

The proposal includes measures to protect and enhance these areas, including:

<ul data-end="6230" data-start="6004">
	<li data-end="6056" data-section-id="1pzyouo" data-start="6004">Retention and regeneration of coastal vegetation</li>
	<li data-end="6100" data-section-id="bjn2vz" data-start="6057">Strengthening of biodiversity corridors</li>
	<li data-end="6148" data-section-id="1bpeyoj" data-start="6101">Protection of riparian systems and wetlands</li>
	<li data-end="6230" data-section-id="lg0cka" data-start="6149">Integration of cultural interpretation and recognition of Indigenous heritage</li>
</ul>

The urban design report also outlines opportunities for incorporating Indigenous cultural elements into public spaces and landscape design.

<hr data-end="6893" data-start="6890" />
<h2 data-end="6908" data-section-id="w7rk5f" data-start="6895">Next steps</h2>

The proposal is currently on public exhibition, with submissions open to the community. Feedback received during this period will inform the Department of Planning’s assessment of the rezoning.

If approved, the rezoning would establish the planning framework for future development applications across the site.

<hr data-end="6893" data-start="6890" />
<h2 data-end="6908" data-section-id="w7rk5f" data-start="6895">What the NSW Government says</h2>

Minister for Planning and Public Spaces Paul Scully said the planned closure of the sand mine and remediation of the Kurnell Peninsula presents an exciting opportunity to transform the area.

“This proposal envisions a vibrant new beachfront community with thousands of new homes, jobs and great open space in the Sutherland Shire. I encourage the community to have their say during the public exhibition period. Feedback from the community will play an important role in the assessment of the proposal.”

Sydney's newest beachfront city: NSW Gov to unlock 4,300 new homes on Kurnell peninsula

A long-awaited transformation of a former industrial site in Holroyd has been given the green light, with the NSW Government approving the $1.2 billion Crescent Parklands masterplan that will deliver more than 1,200 new homes just south of Parramatta.

The State Significant Development approval clears the way for a large-scale mixed-use precinct at <a href="https://www.apartments.com.au/new-apartments/1-crescent-street-holroyd-nsw-2142">1 Crescent Street</a>, replacing an underutilised site with a coordinated residential community anchored by new open space, retail, and commercial uses.

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> for WA-based developer Tiberius, the approved scheme comprises seven buildings arranged across two precincts. In total, the development will deliver 1,227 apartments, including 201 allocated as affordable housing, alongside approximately 2,500 sqm of retail and 5,000 sqm of commercial space within a mixed-use podium.

<img alt="Tiberius’ Crescent Parklands to deliver 1,200+ homes in major Holroyd transformation" data-entity-type="file" data-entity-uuid="1cc82dd2-8184-4b86-8665-90653147820d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Crescent%20buildings.png?VersionId=2ZmVDc_Rfc4AzQ6ShzZJlvdZnACLerVM" />

The project is structured as a masterplanned precinct rather than a standalone tower. Buildings 1 to 4 will rise from a shared podium with shop-top housing, while Buildings 5 to 7 are positioned closer to the northern park interface as residential flat buildings. The built form has been carefully modulated to balance density with amenity, with the design resolving building separation, solar access, and wind impacts at a precinct scale.

A significant focus of the design is the activation of Crescent Street and the integration of public domain. The submission notes that “individual townhouses [were] removed for community based functions to Crescent Street to increase activation and surveillance,” reinforcing a more urban and publicly engaged street edge. Retail, commercial tenancies, and resident amenity spaces are concentrated along this frontage and within the podium to support day-to-day activity.

The landscape strategy underpins the project’s identity, with a network of pedestrian connections, landscaped corridors, and open spaces linking the site internally and to its surroundings. The design prioritises permeability, delivering “increased uninterrupted flow between spaces for pedestrian access” and improved connections through to the adjoining parklands.

<img alt="Tiberius’ Crescent Parklands to deliver 1,200+ homes in major Holroyd transformation" data-entity-type="file" data-entity-uuid="19282454-ab2f-4e2c-866f-4b35cf4283d4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Crescent%20masterplan.png?VersionId=JQdWGYI5B5R1lzmK4omYOp_8KLPkT4Bv" />

Buildings within the western precinct are oriented toward the park, shaping a residential offering defined by proximity to open space. The design describes this approach as creating apartments “immersed in nature with apartments facing the park,” positioning the landscape as a central organising element of the masterplan.

The broader architectural response addresses both infrastructure and context, with taller elements capturing long-range views toward Parramatta while setbacks and separation distances mitigate impacts on surrounding residential areas. Sustainability initiatives, including solar optimisation, cross-ventilation, and integrated landscape systems, are embedded across the scheme.

Located approximately one kilometre south of Parramatta CBD, the 3.6-hectare site is bounded by Crescent Street, Woodville Road, and Holroyd Sportsground. It benefits from strong access to public transport, including nearby bus routes and train stations, and sits within a rapidly evolving corridor earmarked for increased residential density. The design also strengthens connections between surrounding green spaces, including Holroyd Sportsground and Parramatta Parklands.

The approval follows several years of planning, including a rezoning process that enabled significant uplift in height and density across the site. With determination now secured, Crescent Parklands is positioned to play a major role in delivering new housing supply within Greater Parramatta’s growth area.

Tiberius’ Crescent Parklands to deliver over 1,200 homes in major Holroyd transformation

Double Bay

Construction will soon commence at Double Bay's record-setting residential development, Ode.

Top Spring Australia has appointed Ceerose to deliver the $250 million revival of the rare corner site at 19-27 Cross Street, with the construction milestone coinciding with the sale of a three-bedroom sub-penthouse for $15.99 million - tipping the total value of sales to more than $105 million.&nbsp;

Ode has eclipsed previous pricing records in the inner-east suburb, with <a href="/news/nsw/downsizers-splash-21-49-million-on-ode-double-bay-penthouse">the penthouses selling off the plan for $24.95 million and $21.49 million</a>, and another sub-penthouse for $17.49 million.

<img alt="Render of Ode" data-entity-type="file" data-entity-uuid="bb82c47d-a574-48f8-a37e-160ce39fb7e4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ODE_External%20Hero_0.jpg?VersionId=CcPkFGaVn2R7C6Fht2CaJ.6AuQHySY_." />Render of Ode, Double Bay. Image supplied.

Top Spring Australia Development Director, Jeff Curnow, said the project's vision to set new benchmarks in luxury living was coming to life with Ceerose.

“There are limited opportunities remaining at <a href="/new-apartments/ode-double-bay-19-27-cross-st-double-bay-nsw-2028">Ode</a>, including three-bedroom apartments from $9.65 million and four-bedroom residences from $11.99 million," Curnow says.

“Our display gallery is open by appointment and is the perfect way to experience Ode’s opulence, including Rosselli's signature statement fireplace design, as well as timber or travertine floors, stone benchtops, and lustrous cabinetry."

The six-storey development features an innovative curved façade, a ground floor plaza and a private arched lobby with a full-time concierge, designed by celebrated architect Luigi Rosselli, who blends modern European refinement with superlative art and design.

Ode comprises 15 three and four-bedroom light-filled apartments spanning from 219 sqm to 311 sqm of internal space, with buyers able to&nbsp;personalise their interior schemes, created by Alwill Interiors, with neutral palettes punctuated by brass, wood and natural stone.

“We are delighted to appoint Ceerose to deliver Ode after working together on our near-complete Munro House residences in Elizabeth Bay, and we are confident that Ceerose will once again deliver their extraordinary craftsmanship,” Curnow added.

“Ode has been in planning for years and represents a once-in-a-generation opportunity to enjoy a truly remarkable eastern suburbs lifestyle.

<img alt="Render of Ode" data-entity-type="file" data-entity-uuid="cc3dda30-b78d-4412-9ac7-6e8a68db4908" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-04-04%20at%201.40.56%20pm.png?VersionId=d1HE7Lu4eqIZb6MffUfL7SkGosmLkuMa" /> 
Render of Ode, Double Bay. Image supplied.

“Every detail of Ode is thoughtfully curated to provide the ultimate in elegant harbour-side living, from the unparalleled interiors and world-class architecture to the unrivalled location.”

Ceerose Founder and Director Edward Doueihi said Ode would be delivered by a dedicated team of prestige project specialists.

“Ode will be a fantastic addition to Double Bay and an exciting project for our team who have delivered some of the city’s most prestigious landmarks, including Eliza on Elizabeth Street, Harbour Mill in Pyrmont and Aqualuna in Milsons Point,” Doueihi said.

“We are committed to creating an outstanding development to meet the high expectations of Top Spring Australia and its future residents.’’

Local businesses and the community will be kept informed during Ode’s two-year construction program, with up to 500 jobs created, and completion expected in the third quarter of 2025.

Top Spring Australia has also announced the commencement of construction at their $500 million master planned community, The Newlands, in St Leonards at Sydney’s Lower North Shore.

[smartcode_project_cta:default project_id=113405]

Ode has eclipsed previous pricing records in the inner-east suburb, with the penthouses selling off the plan for $24.95 million and $21.49 million

alisonwarters@gmail.com

Construction set to commence at record-breaking Double Bay apartment development Ode

Sydney development group Top Spring Australia has sold the second penthouse within its Ode Double Bay development, fetching a price of a cool $21.49 million.&nbsp;

The 219 sqm penthouse, which features an upper level with a private 111 sqm rooftop terrace, complete with a spa and landscaped entertaining spaces, was sold to a couple seeking to downsize from their five-bedroom harbour-front residence in Sydney’s eastern suburbs.

The penthouse comprises three-bedrooms, three-bathrooms, a media room and multiple living and dining zones. The master bedroom features a custom walk-in robe with leather finishes and an oversized bathroom complete with a freestanding bath, double shower, marble bench tops, and travertine flooring.

A private wine cellar adjoins the expansive entertainer’s kitchen and butler’s pantry, finished in natural stone bench tops, custom joinery and a choice of either timber or travertine floors.

<a data-entity-type="file" data-entity-uuid="6fe53e49-7222-42dd-8022-2d2979098465" href="/new-apartments/ode-double-bay-19-27-cross-st-double-bay-nsw-2028"><img alt="Render of Ode Double Bay" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ODE_External%20Hero.jpg?VersionId=HL7i0pU6L.bhRT2gFhKf8_sUkRq85IMw" /></a>Render of Ode Double Bay. Image supplied.&nbsp;

It’s the third time Ode has broken the previous pricing record of $16.092 million in the blue-ribbon suburb, with the adjoining penthouse selling off the plan for $24.9 million and a sub-penthouse selling for $17.495 million.

Top Spring Australia Managing Director, Sydney Ma, said the sale of the two Ode penthouses to local buyers is a testament to its exceptional architecture and location, and its enduring contribution to the renaissance of Double Bay.&nbsp;

“From its refined architecture, artwork and concierge service to the vibrancy of the custom interiors and ground floor retail spaces, Ode’s contribution ultimately extends beyond that of a residential experience, to a complete and unrivalled lifestyle experience,” Ma said.&nbsp;

All three record-breaking sales were brokered by 1st City Real Estate Group.

Managing Director Brad Caldwell-Eyles said wine collecting is a passion of the latest penthouse purchasers.

“The wine room was certainly a real draw card, alongside the lifestyle, convenience, outlook and quality that comes with living at Ode Double Bay,” Caldwell-Eyles said.

“Our buyers are very active in golf, travel and their family office’s business interests, and the opportunity to downsize from their five-bedroom harbourfront home to this exquisite three-bedroom plus media room penthouse was perfectly timed.”

<a data-entity-type="file" data-entity-uuid="2081b6a5-3583-470c-80f2-a76e373ea38a" href="/new-apartments/ode-double-bay-19-27-cross-st-double-bay-nsw-2028"><img alt="Render of the wine room in Ode Double Bay" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/21187_214_HR.jpg?VersionId=e7aK1JdNrOAgtRVvGo5tY2rgMwe_siIN" /></a>Render of the wine room in Ode. Image supplied.&nbsp;

The five-storey development, designed by Luigi Rosselli Architects, comprises 15 three and four-bedroom apartments and 600 sqm of ground floor retail space, most of which has been sold to leading Sydney restaurateurs.

Double Bay institution, Indigo, will move into 300 sqm of Ode’s retail space and local fine dining offering, Carte has secured 137 sqm of space with plans to relocate its modern art and fine dining experience.

Located at 19-27 Cross Street, the corner site also directly links to local retail and dining offerings, and is located close to local beaches, parks and public spaces.

The remaining three-bedroom apartments start from $9.695 million, while the four-bedroom 
residences start from $11.995 million.

Demolition of the existing site commenced in September 2022, with the main construction phase due to commence in early 2023. Construction is scheduled to wrap by early 2025.&nbsp;

[smartcode_project_cta:default project_id=113405]

Downsizers splash $21.49 million on Ode Double Bay penthouse 

Sydney's Eastern Suburbs is the most expensive pocket of real estate in the whole of the country.

Whether it's harbourside Point Piper, where four of Australia's most expensive house sales have occurred in recent years, or beachside at Bondi or Bronte, demand for prestige houses is always bubbling away.

In 2022 there were 72 sales settle over the $10 million mark, 32 of those over $15 million, just in the Woollahra LGA alone.

Ray White Projects Managing Partner Eddie Mansour believes prestige turnover could be higher however, if there were more high-end new apartment developments being launched.

"You've got a consistently high turnover of prestige house sales every year in Sydney's most affluent areas," Mansour says.

"With limited prestige developments launching, there's very few places for these sellers to go.

"They could be walking away with over $10 plus million in cash, and want to buy a bolthole in Sydney and another home in a Hinterland or Coastal location, which will ultimately end up as a potential retirement dwelling.

"But there's not enough high-end apartment stock to service these buyers, which makes them hold onto their homes longer."

Mansour says these buyers aren't affected by interest rate movements. If something comes to the market, they can buy it within a day without the same bank approvals the majority of Sydney buyers need.

Last year the Ray White Projects team snappily sold out the second stage of the luxury 1788 Double Bay apartment development, Encore by SJD Property (pictured main and below). In the first stage that has been settled only one of the 26 buyers need a bank valuation, the rest settled in cash.<img alt="" data-entity-type="" data-entity-uuid="" height="15" src="https://lh3.googleusercontent.com/N4kZ70X8XvJVa-YXuc-e86ry1-RKnovAEwvHhkr0w5UvepuLCiPVUXzW7kHYgemlXi2uQNuGCGcvWX3H8nq46mNA9rSDrOeNmhaAUWTrMNS4KHO-vJ_JyTSzEWjAf7RVjPQcrJh87BylGhSZNZ2gdBVvMrzh8DdHjHYetwoAnyANh4icFTlzv2mW-S1Scw" title="Click and drag to move" width="15" />

<img alt="Encore 1788" data-entity-type="file" data-entity-uuid="c16b813a-480d-4aad-a77d-e1988718f01b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-01-23%20at%203.52.53%20pm.png?VersionId=DYBMaUrEXWC6_ECG8KiyZ8M.75i3MUyZ" /> 
The Encore 1788 development by SJD Property

Prices for the one-bed apartments started from $2 million.

Mansour says the project acted as a good opportunity for those downsizing locally to secure a bolthole.&nbsp;

"At any given time the building, at best, is about 50 percent occupied. It's predominantly used as the owners' Sydney residence."

Mansour noted a trend during the sales process at 1788, a trend which has become more and more prominent in Sydney's east.

"There were a number of buyers in the project amalgamating apartments, buying two apartments to create one of the largest apartments in the block," Mansour said, adding that amalgamations are something the Woollahra Council are starting to limit.

"They want to try and keep entry level units in new apartment developments affordable for a wider range of buyers, rather than those that have just sold their prestige home and can put together two or three smaller apartments in the building."

Amalgamations were prevalent at the new luxury Bondi Beach development Aqualine on Hall Street, albeit located in the Waverley LGA.<img alt="" data-entity-type="" data-entity-uuid="" height="15" src="https://lh3.googleusercontent.com/LEzA1Ai56jJxEFV6qG7lzg-TXXh263gKJsX4Ps3rEayx16FEcPjB5WPrp6GTQ1z-9oNQMpv7j2nwvPbvjy2TRx3zc6dJQPMAVK4K_BX8uddr9VUyez-EAO9MU1ldqWFEbMUWctml4ozM5Q_bXzX7tvH0wiIzi6KJwRqbbfF2zzwdYyDGRndggs11GjhoVg" title="Click and drag to move" width="15" />

<img alt="Aqualine" data-entity-type="file" data-entity-uuid="137a6c00-6cd3-425e-adfa-4fa929f59344" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-12-20%20at%2011.23.36%20am.png?VersionId=zBtHwXN6UzmLGWLgH1QKeJI2JibUxSQ." /> 
The Aqualine, Bondi Beach project designed by Koichi Takada

The latest development on Sydney's beaches by prominent architect Koichi Takada, the plans for Aqualine were for 17 apartments, but a number of amalgamations has taken the total number of apartments down to 12.

Ray White Projects have all but sold out the project, with just the $26 million penthouse remaining. That's expected to launch in the next few months, and will be the largest apartment across a single level in Bondi Beach, sprawling some 450 plus sqm.

Mansour says there's been a lot of interest for the project both locally and offshore for the four-bedroom apartment complete with multiple living/entertaining areas and two balconies.

There are less and less approvals coming through councils for high-end apartment developments, Mansour notes, across both Sydney's East and North Shore.

"There were five or six developments we were expected to work on at the back end of this year, however with delays, they're all now pushed out to the start of 2023," Mansour says

Ray White Projects Managing Partner Eddie Mansour believes prestige turnover could be higher however, if there were more high-end new apartment developments being launched

Why demand will always outstrip supply in Sydney's luxury off the plan apartment market: Five minutes with Ray White Projects Managing Partner Eddie Mansour

Prominent Eastern Suburbs developer Eduard Litver is set to bring something to Double Bay it's never seen before.

Litver, who runs Capit.el Group and is best known for the redevelopment of the Bondi Pacific, has had Japanese architect Koichi Takada design a new mixed-use development in the heart of the suburb,&nbsp;just across the road from The Cosmopolitan Centre where Litver owns the retail component.

Takada's plans include two retail spaces at street level, as well as two food and beverage tenancies.

<img alt="Litver Double Bay" data-entity-type="file" data-entity-uuid="bca31464-adfe-4449-a085-75193cbc0098" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-01-20%20at%202.12.13%20pm.png?VersionId=jmP3kefQU116yu.fzaV6WHdG9skPoafg" />

Above will be parking, and then a level of commercial space.

The top two levels will be dedicated to just two two-level apartments. The downstairs will home the living, kitchen and dining area, with two terraces overlooking both Knox Street and Knox Lane.

Upstairs will be three ensuited bedrooms, with the master opening to a huge terrace, another overlooking Knox Street.

Litver has been patient with the project, his first site acquisition dating back to 2018 when he secured 31-37 Knox Street at auction for $12.5 million. A year later he spent $9.83 million on 27-29 Knox Street,

<img alt="Litver Double Bay" data-entity-type="file" data-entity-uuid="1a813a69-79ed-48b4-a6ed-b69f855397b9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-01-20%20at%202.12.48%20pm.png?VersionId=OoOAv8R91.OKHe2e9nRYUNUJSi6kMYYw" />

Litver has gone on record previously saying he wants to transform the Cosmopolitan Centre into a world-class venue, having paid $40 million for the retail in 2018.

The Urban Design Report submitted by AE Design Partnership says the design of the proposal has been developed through detailed site and analysis to ensure a contextually harmonious development

"The proposal will enhance the streetscape by redeveloping the existing outdated buildings into a contemporary built form with vertical and horizontal articulation accentuated by sculpted timber look aluminium framing, light timber look aluminium timber batten screens, glazing and upper-level planting," the report read.

Litver has been involved in a number of luxury developments across the Eastern Suburbs over the years. He was a part of the redevelopment of The Bondi Pacific, as well as The Bondi further down on Campbell Parade, and the QT Pacific Bondi Beach on Beach Road.

&nbsp;

<h2>27-37 Knox Street at a glance</h2>

• 178.1m2 of retail floor space and 126.9m2 food and beverage space on the ground floor

• 1,001.6m2 of commercial floor space across levels 1-3

• two large double-storey apartments on levels 4 and 5

• parking located in one basement level and on level 1 comprising:

• 21 car spaces

• 2 motorcycle spaces

• 18 bicycle spaces

Takada's plans include two retail spaces at street level, as well as two food and beverage tenancies.

First look: Double Bay's Knox Street to get facelift with Koichi Takada development

Following the $25 million record sale of the penthouse in Ode Double Bay, Top Spring Australia has announced the second biggest apartment sale in the luxury harbourside suburb.

Sub-penthouse 403 has sold through 1st City Projects principles Brad Caldwell-Eyles and Julian Hasemer for just shy of $17.5 million. The apartment has over 300 sqm of internal living space and a further 62 sqm of external space.

<img alt="Render of the Double Bay project, Ode" data-entity-type="file" data-entity-uuid="19fda918-5dc5-48dd-b15e-4794a7409996" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/21187_101_HR.jpg?VersionId=kQuVzFD76Woup_XY._1evst8_yP_AGsR" />

“The purchaser sought a premium, large-scale residence with village convenience and northerly harbour outlook as they downsize from their current inner-west home,"&nbsp;Caldwell-Eyles said.

"Well-travelled, Ode, Double Bay offered the ideal mix of European design with the best of Sydney lifestyle." 
&nbsp; 
As part of Top Spring Australia’s post exchange service, buyers also have the opportunity to engage with the interior design team through a one-on-one consultation experience.&nbsp; 
&nbsp; 
The sub-penthouse buyer has already nominated to include marble sinks and vanities that are a key feature of the powder rooms into each of the bathrooms.&nbsp;They will also have the ability to select home appliances from their own preferred supplier. 
&nbsp; 
Construction is set to begin in the early stages of 2023 on Ode, with a proposed completion date of Q1 2025.

Occupying a prominent corner site at 19-27 Cross Street, and featuring architecture by the celebrated Luigi Rosselli, Ode, Double Bay is a mix of European refinement, artisan interiors and the ultimate Eastern Suburbs lifestyle.

Residents will also benefit from the spat of high end retailers finding home across the ground floor plane of the development, which will link directly to a proposed public plaza with street level dining, cafes and bars.&nbsp;

Christian Verges and Anthony Moustacas of Double Bay café Indigo bought the first two ground floor spaces for $10.1 million, with the duo set to celebrate 20 years in business by relocating their cafe across the street when the development is complete in 2025.

<img alt="Render of the Double Bay project, Ode" data-entity-type="file" data-entity-uuid="55f75516-3d36-4706-ae94-e0e661259c59" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/21187_102_HR.jpg?VersionId=A9b08PfLPqDCyg6uNKL_thibPeoS8df_" />

“Verges and Moustacas are super excited to be a part of Double Bay’s premiere project and take Double Bay dining to a new level," Caldwell-Eyles added.

The Glebe-based restaurant Carte will open its second premises from Ode, securing the third 137 sqm retail space for $5.7 million.

Ode, Double Bay residents will enjoy exclusive offers, including free dining gift vouchers, exclusive fine dining experiences at home with Carte’s chef, access to invite- only events and previews, free art classes and discounts on artworks.

Top Spring secure Double Bay's second most expensive apartment at Ode Double Bay

The burgeoning Sydney property developer, Top Spring Australia, has launched its second Sydney project in a matter of weeks.

Having launched The Newlands, the park-side mini-masterplan in St Leonards, Top Spring has followed it up with its new Double Bay apartment project, Ode Double Bay.

This rare residential offering in the heart of&nbsp;Double&nbsp;Bay&nbsp;village occupies a prominent corner site at 19-27 Cross Street, directly linked to a proposed public plaza with street-level dining, cafés and bars. It’s a once-in-a-lifetime opportunity to custom-make a remarkable life filled with all&nbsp;Double&nbsp;Bay&nbsp;has to offer.

Top Spring Managing Director Sydney Ma says they've focused on delivering&nbsp;an incomparable destination address that befits the epicentre of the East.

<a href="/new-apartments/ode-double-bay-19-27-cross-st-double-bay-nsw-2028"><img alt="" data-entity-type="" data-entity-uuid="" height="1006" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-27_at_9.49.09_pm.png" width="1004" /></a>

“We’ve designed Ode,&nbsp;Double&nbsp;Bay&nbsp;as a seamless integration between architecture, interiors and art with a commitment to a masterful expression of creativity, design and environmental principles," Ma said.

The regarded architect Luigi Rosselli has designed Ode Double Bay, with European influences at the centre.&nbsp;

Responding uniquely to the building’s corner positioning, the curved façade draws inspiration from Sydney Harbour’s coves and curves to maximize harbour views and amenities.

“My design echoes the modernist architectural style of Oscar Niemeyer, Gio Ponti and Le Corbusier—a positive, optimistic response to the global re-emergence into the 1950s,” Rosselli says.

<a href="/new-apartments/ode-double-bay-19-27-cross-st-double-bay-nsw-2028"><img alt="" data-entity-type="" data-entity-uuid="" height="980" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-27_at_9.51.59_pm.png" width="1520" /></a>

“I feel, post-pandemic, that it’s the perfect opportunity to revive their joyful approach, boldly embracing innovation and asymmetry in the fusing of organic shapes, geometric forms and sinuous lines.”

There will be just&nbsp;15 three and four-bedroom apartments and penthouses, with interiors by Alwill Interiors, across the five-level project. The ground floor comprises large retail spaces complete with a north-facing plaza, connecting food and beverage operators with existing dining spaces in the unique heritage conservation area along Transvaal Avenue.

A full-time concierge is available to residents, with services including&nbsp;making reservations for events and dining, organizing dry cleaning, receiving deliveries and coordinating access for cleaning and maintenance.

<a href="/new-apartments/ode-double-bay-19-27-cross-st-double-bay-nsw-2028"><img alt="" data-entity-type="" data-entity-uuid="" height="952" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-27_at_9.52.18_pm.png" width="1386" /></a>

The apartments range in size from 219 sqm to 311 sqm internally, which will appeal to the local owner-occupier and downsizer market. Each apartment features&nbsp;Rosselli’s signature statement fireplaces in living areas.

Top Spring Australia have had success in inner Sydney before with Munro House in Elizabeth Bay, and are seeking to replicate the same quality or urban living at Ode.

Ode,&nbsp;Double&nbsp;Bay&nbsp;will begin construction in Q1 2023 with a proposed completion date of Q1 2025.&nbsp;Starting price for a three-bedroom residence is $9,695,000 and ranges up to $25 million.

There will be just 15 three and four-bedroom apartments and penthouses, with interiors by Alwill Interiors, across the five-level project

Top Spring launch luxury Ode, Double Bay apartments

Continuing the expansion of its Sydney footprint, the property developer Fortis has acquired two sites in Double Bay for around $82 million.

The sites, at 2-10 Bay Street and 294-298 New South Head Road, will be the sixth project by Fortis in the city-fringe harbour suburb. The transaction was negotiated by Ben Stewart from CBRE.&nbsp;

The prominent corner site comprises four independent properties, and boasts three street frontages on New South Head Road, Bay Street and Brooklyn Lane.

The 1,863 sqm site has development approvals for a residential project comprising boutique apartments across four levels, with basement parking for each residence and ground floor retail. Construction&nbsp;is expected to commence in July 2022, with the demolition of the existing buildings on the site completed. Pallas Capital will fund the acquisition and construction of the project.&nbsp;

&ldquo;Fortis has acquired multiple sites in Double Bay over the last few years for a mix of residential and commercial projects. 2-10 Bay Street is our newest acquisition and we are thrilled to add it to our portfolio. The residential project on this centrally-located site has an expected end value of $185 million,&rdquo; says Charles Mellick, Director at&nbsp;Fortis.

&ldquo;Our broader vision for Double Bay is to revitalise it. We are creating a vibrant town centre that appeals to residents and businesses alike, complemented by an enviable selection of dining, retail and entertainment options. 2-10 Bay Street and 294-298 New South Head Road will be the sixth project by Fortis in Double Bay, and we are excited to transform this city-fringe location into the most sought after neighbourhood in Sydney.&quot;

One of Sydney&#39;s most affluent harbourside suburb&#39;s, Double Bay is located four kilometres from Sydney CBD and known for its thriving, dynamic social scene. The suburb boasts of excellent amenities and transport options, offering easy access to the Double Bay ferry wharf, while Edgecliff train station lies a 10-minute walk away.

Double Bay is also known for maintaining a unique village feel, surrounded by high end boutiques and retailers.

Pallas Group is the parent company of structured real estate debt and equity manager Pallas Capital and developer Fortis. The expected end value of Fortis&rsquo; Sydney projects currently under construction or under a planning proposal is $1.5 billion, with a further $1.15 billion pipeline of work in Melbourne.

Fortis, in a joint venture with Dare Property Group, recently launched Piper, their high-end Point Piper collection of just 15 apartments

[smartcode_project:default project_id=6126 project_image_fid=191995]

But&nbsp;Fortis, alongside Dare Property Group, are set to finally bring something new for&nbsp;new high-end apartment seekers, on the&nbsp;2,392 sqm Wunulla Road site which they joint acquired for around $40 million last year.

The development, at&nbsp;2A Wunulla Road,&nbsp;will have interiors by MIM Design and sit in landscaping by Dangar Barin Smith.

There will be a mix of two, three and four-bedroom apartments across the boutique four-level building. Each apartment will feature&nbsp;soaring ceilings, open layouts and large living, entertaining, and outdoor areas. Some of the apartments will even have their own private pools.

[smartcode_project_cta: project_id=6126]

The 1,863 sqm site has development approvals for a residential project comprising boutique apartments across four levels

Fortis secure sixth Double Bay site

The&nbsp;integrated property group, Top Spring Australia, has spent $94 million buying the Double Bay Plaza, with plans to go through with the approved mixed-use development by Luigi Rosselli Architects.

That will see 18 large apartments sit across a five level building, above four large format ground floor commercial and retail spaces at&nbsp;19-27 Cross Street, or the corner of&nbsp;Cross Street and Transvaal Avenue, the suburb’s most exclusive shopping enclave.

The 1,334 sqm site&nbsp;is&nbsp;directly adjacent the InterContinental Sydney Double Bay.

The plan also includes a north-facing plaza to connect potential food and beverage operators with the existing dining spaces in the unique heritage conservation area along Transvaal Avenue.

Top Spring Australia's Managing Director, Sydney Ma, said the company aims to cement its reputation for delivering high-end residential living with the Double Bay project.

<img alt="" data-entity-type="" data-entity-uuid="" height="1321" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/19-27_cross_street_double_bay_2.jpg" width="1200" />

“In line with our premium project at Elizabeth Bay, Munro House, this project will encapsulate all the hallmarks that Top Spring Australia is known for, including new technology, art, green spaces and contemporary design,”&nbsp;Ma said.

“As with all our projects, we’ll be appointing a leading team of consultants, including interior and landscape architects, stylists, as well as a renowned artist to inform the public art strategy, to ensure the project’s luxury potential is fully realised.

“Given the generous size of the residences, with the largest being 283sqm, the harbour views available from the second level upwards, and the unrivalled location in one of eastern Sydney’s most prized and exclusive suburbs, this project will reset the already high bar for prestige projects in the Eastern Suburbs.

<img alt="" data-entity-type="" data-entity-uuid="" height="848" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/19-27_cross_street_double_bay.jpg" width="1200" />

“We expect the residences will be of immense appeal to affluent Eastern Suburbs clientele who are wanting to live in the heart of Double Bay, with everything they need on their doorstep.

“Sites of this calibre are really rare, so it’s incredibly exciting to add it to our growing portfolio. “The success of our Munro House project, which recently generated over $70M in sales in just two months, has reinforced our strategy to invest in high-end projects in prized suburbs such as this. There’s clearly market interest in prestigious projects, despite the pandemic,” Ma added.

Construction is expected to commence once the sale, which was brokered by 1st&nbsp;City Real Estate Group’s Managing Director, Brad Caldwell-Eyles, settles.

Top Spring are currently developing Munro House, a boutique apartment development in Elizabeth Bay.

There will be 18 large apartments, including three penthouses, created across the mixed-use precinct


Top Spring secure $94 million Double Bay apartment development site

<html><body>
The Double Bay apartment block Monterey sold at Monday auction for $6,8 million. There are seven apartments in the 1920s complex at 256 New South Head Road, up the hill from the village.

It was marketed by NG Farah agent Joe Recep as "a rare entire apartment block offering."

Buyers were advised there was scope to "add further value" with the potential to sell the apartments separately.

The building was already a strata block with the units sold off separately in the early 1990s. The apartments were mostly three bedroom, two bathroom with high ceilings and bay windows.

The most recently available apartment was at a $550 a week asking rental, down on its peak $750 a week rate sought in 2015. It was up for rent at $350 a week. in 2005.

The period building came with a wide timber staircase.

The bidding at Cooley Auctions opened at $6 million. There were just the two bidders competing.

The vendor had accumulated all seven apartments between 2001 and 2008 at a $2.5 million cost.

Monterey is diagonally opposite the 2018-completed Golden Age complex, Essence which is a striking strata complex at 315-321 New South Head Road.

[smartcode_project:default project_id=6002]

Golden Age secured off the plan sales in 2016. A recent resale was $2.75 million last March for an apartment sold off the plan in 2016 at $2.66 million.

Essence has 38 residences in two buildings.
</body></html>

A Double Bay block of seven apartments was sold at auction for $6.8 million

jchancellor

$6.8 million paid for Double Bay block of apartments

<html><body>
TOGA has announced the construction completion of The Hunter, its luxury five level residential development in Sydney’s Double Bay.
With 100 per cent of settlements completed, the first residents at the development have moved into their new homes, across a range of one, two and three-bedroom apartments.
And its first resale has hit the market.
It's the three bedroom sub-penthouse which was bought for $4.75 million off the plan in 2016.
The sale fell within the $4.7 million - $5 million price expectation of Laing + Simmons agent Steven Zoellner.
Spanning 180 sqm, the apartment on the fourth floor north east corner has been listed to go under the hammer October 19.
Domain puts Double Bay's three bedroom apartment median price at $3.088 million, a tad higher than realestate's $2.96 million median.
A first floor two bedroom apartment in the block, which traded for $2.9 million in May, recently sought tenants at $1,650 a week. 
Designed by Sydney-based architects Cottee Parker JPRA, the $50 million Cross Street complex has 13 apartments with an as yet unoccupied retail offering on the ground floor.
<img src="https://www.urban.com.au/images/2020/10/8/toga.png" alt="">
The development sold within two weeks of being put to the market<a href="/expert-insights/buying/toga-sells-out-the-hunter-at-double-bay"> in late 2016</a>. Construction had been scheduled to commence in mid-2017 with completion initially set for early 2019.
Fabrizio Perilli, chief executive of TOGA, said the residences are an example of modern luxury living.
“We’ve had a very positive response from resident’s moving in who love their new homes and have already seen an increase in the value of their property since their purchase”, Perilli said.
“Delivering The Hunter to the highest standards, within the context of COVID-19 is a testament to our team and our integrated property capability.”
TOGA paid just over $11.2 million for 16 and 18 Cross Street site consolidation in early 2015.
Construction of TOGA’s newest mixed-use communities, <a href="/buildings/surry-hills-village-redfern-6-14-baptist-street-redfern-nsw-2016">Surry Hills Village</a> and <a href="/buildings/wicks-place-marrickville-186-victoria-road-marrickville-nsw-2204">Wicks Place Marrickville</a>, are set to start in the first half of 2021.
TOGA was founded by Ervin Vidor in 1963.
</body></html>

Double Bay

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Double Bay

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News