ASX-listed developer Cedar Woods is progressing its plans for its Southbank arts precinct site.&nbsp;

The developer has filed plans, which are now with the&nbsp;Department of Transport and Planning, for a new 20-level tower at&nbsp;<a href="https://www.apartments.com.au/new-apartments/141-151-sturt-street-southbank-vic-3006">141–151 Sturt Street</a>, a 2,718 sqm block opposite the Habitat Filter sculpture.

The proposal seeks to demolish the two-level&nbsp;commercial building, including a small supermarket and medical tenancies, and create a new building with 180 apartments and a focus on an&nbsp;active public realm and arts integration.

&nbsp;

<img alt="Southbank site" data-entity-type="file" data-entity-uuid="76a72db6-91ef-43ae-827d-a9cfa72893d2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Site.png?VersionId=DZgtB4K6BswVh0QtCs3iLjXaLp0CbcEb" />

&nbsp;

There will be a full mix of apartment configurations, including 28 studio apartments, 16 one-bedroom, 104 two-bedroom, and 32 three-bedroom units.

Retail, creative arts, and residential amenity functions are integrated across the lower levels. A food and drink tenancy is planned to front Dodds Street, while a retail tenancy fronting Sturt Street will be accessed via an elevated walkway. The first floor includes a substantial 734 sqm creative arts space, envisioned to support Melbourne’s growing cultural and digital industries.

Architecture firm <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has put together the plans. In their&nbsp;Urban Design Report they highlighted the project’s ambition to embed itself within Southbank’s evolving cultural fabric.

A central feature of the design is a through-block link connecting Sturt and Dodds Streets, landscaped with native plantings and embedded with universal access ramps.

“The ramp has been thoughtfully integrated as the primary access point, ensuring universal accessibility for all users,” the report noted, with the link offering “a direct response to the urban planning scheme of creating more green spaces within our communities”.

<img alt="Southbank podium" data-entity-type="file" data-entity-uuid="4d24b1b2-d69c-4a11-a11d-ec6df432221c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium.png?VersionId=geWoJyZDmPSLODZ_.PNJ0LvpOmyyCdpo" />

The building’s podium form responds to the mandatory height limits along Dodds Street and maintains a fine-grain interface to adjoining developments. Above the podium, the tower is articulated with recessed balconies and a focus on views toward the CBD and surrounding arts institutions. A communal rooftop recreation deck and indoor lounge are positioned on level four, adjoining seven apartments and providing over 900 sqm of resident amenity space.

Vehicle access and loading will be provided via Dodds Street, with 155 resident car spaces located across two basement levels and the first three above-ground floors. Bicycle storage is more generous, with 226 spaces distributed across resident, staff and visitor needs.

Rothelowman describes the architecture as “humanist,” with ground-level interfaces designed to encourage social interaction and provide a dignified entry for both residents and passers-by. “All street interfaces are crafted to invite and nurture human connections,” the design report states. “The façade transitions to a human scale, providing an approachable and engaging streetscape”.

Cedar Woods, while well-known for its large communities it develops outside of Australia's capital cities, they have recently developed in Melbourne's inner-ring before. They are approaching completion at <a href="https://www.apartments.com.au/new-townhouses/88-leveson-north-melbourne-88-leveson-street-north-melbourne-vic-3051">88 Leveson</a>, just 15 townhouses in the heart of North Melbourne.

Joel Robinson

Cedar Woods progresses with new apartment plans in Southbank arts precinct

Brisbane developers Core Property Partners and Vector Property Australia has teamed up for Brisbane's newest apartment development.

The duo identified <a href="https://www.apartments.com.au/developments/east-brisbane-qld-4169">East Brisbane</a> as their preferred suburb, on the fringe of the Gabba Precinct, where they've just revealed BANKSII, 72 apartments opposite Raymond Park.

[smartcode_project:default project_id=136432 project_image_fid=5481]

The one-, two-, and three-bedroom apartments will sit in a glass-wrapped building that will also feature a rooftop with an&nbsp;infinity-edge pool, a BBQ area and alfresco dining spaces, sun lounges, and a sauna, as well as a resident-only gym and a ground-floor cafe.

Rhett Williams, Director of Vector Property Australia, said the project will lift the quality of the East Brisbane community and set a new benchmark.

"In Brisbane’s current property landscape, <a href="https://www.apartments.com.au/new-apartments/banksii-east-brisbane-169-wellington-road-east-brisbane-qld-4169">BANKSII</a> stands out through its emphasis on lifestyle-oriented living, connectivity and sophisticated design," Williams says.

[smartcode_project:default project_id=136432 project_image_fid=5479]

The 10-level building has been designed by MAS Architecture. Their designs were inspired by the native Banksia flower, with the architecture and interiors reflecting the organic symmetry of its namesake flora. MAS has interpreted this throughout the building’s curved form, façade detailing and interior palette.&nbsp;

The building’s flowing geometry and natural tones are complemented by large balconies and floor-to-ceiling glazing, maximising cross-breezes, daylight and views over the city, parklands and river.

“Having a strong narrative for a building helps us architecturally,” MAS noted. "We can choose colours that come off that species of flowers. The trunk and the trees and the flower elements all are now visible in our joinery on the inside and in our architectural finishes on the outside."

[smartcode_project:default project_id=136432 project_image_fid=5485]

Apartments will feature timber floors, soft porcelain tiles, brushed bronze fittings, and stone benchtops with warm veining.&nbsp;

Kitchens feature premium SMEG appliances and generous storage, while bathrooms have been designed as calming retreats with curved cabinetry and twin sinks in the master ensuites.

The building will feature a suite of rooftop and wellness amenities. Residents will have access to an infinity-edge pool, BBQ and alfresco dining areas, sun lounges and a rooftop sauna.&nbsp;

A residents-only gym will be located on the podium level, while a ground-floor café and landscaped laneway will further activate the site and improve neighbourhood connectivity.

[smartcode_project:default project_id=136432 project_image_fid=5488]

BANKSII will rise from a prime Wellington Road site, with the building oriented to overlook the adjacent Raymond Park and take in extensive city views. It is also on the doorstep of key&nbsp;lifestyle infrastructure, including the future Kangaroo Point Green Bridge, The Gabba stadium, and the planned Brisbane Live arena.&nbsp;

Public transport options, including ferry, bus and rail - including the future Cross River Rail Woolloongabba station - are all nearby, supporting a car-optional lifestyle just minutes from the CBD.

Williams said the team spent over a year searching for the ideal site before securing this location.

"We were attracted to <a href="https://www.apartments.com.au/developments/east-brisbane-qld-4169">East Brisbane</a> as it is a vibrant and growing community that offers a perfect balance of urban convenience and natural beauty with the parklands and river on our doorstep.”

The project is part of the broader Woolloongabba Games precinct, which is undergoing significant investment in the lead-up to the 2032 Brisbane Olympics. This urban renewal, coupled with infrastructure upgrades, is expected to enhance long-term liveability and capital growth in the area.

Given the wide max of configurations, BANKSII is expected to suit everyone from first home buyers and investors to families and downsizers.

[smartcode_project_cta:default project_id=136432]

BANKSII sales launch in booming East Brisbane apartment market

The Minns Labor Government will deliver Sydney’s first new heavy rail station in more than a decade – enabling up to 10,000 new homes by rezoning land around Woollahra and Edgecliff stations, right next to the CBD, to tackle the housing crisis and rebalance growth across the city.

Recent reports by the NSW Productivity Commission have warned that Sydney is losing twice as many young people as it is gaining, while also finding that Woollahra is the most feasible Local Government Area (LGA) in New South Wales to build new housing.

Despite this, housing approvals in Woollahra consistently lag well behind other LGAs, and the population has declined by 11 per cent over the past 50 years while Greater Sydney as a whole has grown by 74 per cent.

The new station that will be an eight-minute trip from Sydney CBD, will be located on the Eastern Suburbs train line in Woollahra, where a station build was started in the 1970s but never completed.

To enable the delivery of new homes the NSW Government will lead a rezoning of Woollahra and Edgecliff stations similar to other state led rezonings to allow additional homes to be built around the stations.

Affordable housing will also make up a proportion of development on the site with the final amount of affordable housing required, to be determined as part of the rezoning process.

The area surrounding the new station is within walking distance of major green and recreational space including Cooper, Trumper, Rushcutters Bay and Centennial Parks.

The Eastern Suburbs train line between Bondi Junction and Sydney CBD also has the lowest passenger usage rates during the AM peak of any line on the Sydney network, with only 43 per cent of operating capacity during the AM peak currently being utilised by passengers.

Sydney Water and Infrastructure NSW have confirmed there is capacity in the water and wastewater systems to accommodate the proposed 10,000 dwellings without major upgrades.

The rezoning is expected to take around two years and will further support the Government’s housing targets that rebalance the delivery of new homes around existing infrastructure.

&nbsp;

&nbsp;

Next stop Woollahra train station - delivering up to 10,000 new homes in the heart of Sydney

<section data-element_type="section" data-id="b086848">
Fresh off completing its mixed-use Malvern project Malvern Collective, Kokoda Property Group has acquired a prime site on Richmond's Bridge Road.

They are planning a mid-rise residential development with&nbsp;integrated wellness amenities and a vibrant ground-floor retail and dining offering.

The site, at&nbsp;487–495 Bridge Road, spans&nbsp;1,650 sqm with 50 metres of dual frontage across Bridge Road and Palmer Street. It is currently leased to Adairs, and has a large retail building and 20 onsite car parks.
</section>

<section data-element_type="section" data-id="534a164">
Kokoda Property Group’s acquisition forms part of a broader phase of growth in Melbourne, building on momentum from the completion of Malvern Collective and the recent purchase of a Burnley Street site for the developer’s first commercial project.&nbsp;

Mark Stevens, Kokoda Property Group’s Founder and Managing Director, said that the company’s Bridge Road site acquisition signals confidence in a city that is re-accelerating.

“Melbourne is regaining momentum,"&nbsp;Stevens said.

"After a cautious period post-COVID, we’re seeing buyer sentiment stabilise and capital leaning back into well-located, quality projects. Victoria now benefits from deep builder capacity and competitive delivery pricing, creating a rare opportunity to bring design-led inner-city developments to market without compromising on craftsmanship.

“Richmond ticks all the boxes for us – connectivity, culture and everyday amenity – making Bridge Road the perfect address for an amenity-rich, multi-use development."

<img alt="Kokoda" data-entity-type="file" data-entity-uuid="9a8de51d-8092-480a-8b7e-e081816692c2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-29%20at%208.54.27%E2%80%AFAM.png?VersionId=VRHpV5.6beOu2cieKHWrw3ErMPuVOAuj" />

Envisioned as an “urban lantern” the building will bring a distinctive new presence to Bridge Road with a sculptural retail frontage, designed to honour the street’s heritage character while contributing to its renewal.

Stevens said the acquisition reflects the developer’s commitment to design-led addresses in Melbourne’s inner city.

“Drawing on Richmond’s rich heritage and dynamic character, we’ve envisioned a contemporary building that respects the past while elevating the way people live today. With dual frontages, curated ground-floor spaces, and a focus on wellness, this project will contribute to the neighbourhood’s evolution, appealing to both downsizers and a new generation of professionals.”

Kokoda Property will now progress concept design ahead of a future planning process.
</section>

Mark Stevens, Kokoda Property Group’s Founder and Managing Director, said that the company’s Bridge Road site acquisition signals confidence in a city that is re-accelerating

First look: Kokoda secures Richmond site for new apartment development

Gold Coast developer Drew Group is fast approaching sell-out at its Main Beach apartment development, Lagoon Main Beach.

In the last nine months, Drew Group and sales partner Pezet Matheson have secured 31 sales totalling over $75 million, as the two-tower development advances towards completion under the expert eye of Hutchinson Builders.

“Today's buyers are more discerning than ever," Drew Group Managing Director Jon Drew says.

"It's essential to provide something truly unique that sets a development apart, and we believe Lagoon has achieved just that."

[smartcode_project:default project_id=108747 project_image_fid=193023]

Just over 50 per cent of recent&nbsp;sales have been to local buyers, reflecting the deep trust and connection within the Gold Coast community that Drew Group has developed over the years.

Demand has been particularly robust at the top end, with two of the three exclusive penthouses already sold, alongside five sub-penthouses. Only seven apartments remain in Lagoon's Signature Series — one&nbsp;penthouse and six sub-penthouses.

[smartcode_project:default project_id=108747 project_image_fid=284864]

Drew Group has also removed the much-maligned sunset clause from all contracts at Lagoon. The sunset clause — although rarely invoked, yet on occasion known to have been — allows developers to take back contracts on apartments should the building not be completed within the timeframe specified in the contract.

Pezet Matheson Co-Director Jayde Pezet says the fact Lagoon is&nbsp;within a year of completion, and has no sunset clause in contracts, provides certainty to buyers.

"This is paramount in the current market," Pezet says.

Drew Group has committed to providing the highest level of security inclusions — none more impressive than the Ubiquity Access Control System, a cutting-edge facial recognition technology that is one of the most state-of-the-art keyless entry systems on the market.

[smartcode_project:default project_id=108747 project_image_fid=190743]

One of the biggest drawcards to Lagoon has been the size of the apartments.

"It is unlikely that any future new development in Main Beach will be able to offer such spacious living at this price point," Drew says.

"Today's buyers are more discerning than ever, carefully evaluating amenities like gyms, spas, workspaces, and beach lockers, along with quality finishes. It's essential to provide something truly unique that sets a development apart, and we believe Lagoon has achieved just that."

Lagoon is set to complete construction in mid-2026.

[smartcode_project_cta:default project_id=108747]

Lagoon Main Beach approaches sell-out as local buyers drive $75m in sales

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?

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

Developments

New apartments

New townhouses

News

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

Double Bay

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

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

Developments

New apartments

New townhouses

News

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