A wave of investment, renewal and precinct growth continues to shape the northern edge of Macquarie Park, where daily life is supported by a rare combination of university activity, corporate employment, major retail, and expansive green corridors. It’s this convergence of amenity and connectivity underpins the setting for <a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>’s <a href="https://www.apartments.com.au/new-apartments/la-vera-94-talavera-road-macquarie-park-nsw-2113">La Vera</a>, which has now topped out and is tracking toward completion in mid-2026.

Within this pocket of the precinct, residents move easily between the area’s key anchors. Macquarie Centre, home to more than 360 retailers, fresh food offerings, dining and entertainment, sits at the heart of local convenience and functions as a major transport interchange. The Metro, T1 rail line and extensive bus network place much of Sydney within quick reach, while surrounding arterial links support direct access to neighbouring districts.

[smartcode_project:default project_id=134951 project_image_fid=5829]

Green space remains a defining feature of the immediate environment. Lane Cove National Park stretches along the northern boundary of the precinct, offering bushland trails, cycling routes and quiet riverfront pockets. Shrimptons Creek and the campus grounds of Macquarie University extend these recreational networks, softening the urban setting and creating a daily connection to nature that informs the project’s architectural response.

<a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> have shaped La Vera around these contrasts. The building’s northern elevation adopts an organic, curvilinear form that mirrors the natural topography of the national park. Three sculpted forms soften the tower’s profile and encourage a stronger transition between indoor living areas, balconies and the broader landscape.

[smartcode_project:default project_id=134951 project_image_fid=223737]

Cox Director Felipe Miranda says the building’s outlook played a central role in the design process.

“The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park… The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies,” Felipe Miranda of Cox Architecture said.

Toward the city-facing side, the design shifts to a more urban expression. A gridded facade and extensive glazing capture CBD views, creating a dual strategy that blends ecological outlooks with metropolitan orientation.

[smartcode_project:default project_id=134951 project_image_fid=5827]

La Vera delivers 169 residences across one- to four-bedroom layouts, reflecting the needs of young families, downsizers, first-home buyers and investors seeking long-term certainty within a high-amenity location. From the project, residents can walk to Macquarie University, Macquarie Hospital and nearby corporate offices, reach national park trails within minutes, and enjoy retail and dining without relying on a car.

The project is delivered by Urban Property Group, a 4.5-star iCIRT-rated developer-builder with more than three decades of experience. The company has become a leader in adopting 10-Year Latent Defects Insurance (LDI), first introduced on its Parq Bexley development and now embedded into its pipeline.

[smartcode_project:default project_id=134951 project_image_fid=223727]

La Vera is the first development in Macquarie Park approved to offer this 10-year LDI policy, adding another layer of protection for purchasers and reinforcing the transparency of the construction process.

Urban Property Group CEO Patrick Elias says this assurance has become increasingly important for buyers navigating the off-the-plan market.

“Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been… Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share,” Urban Property Group CEO Patrick Elias said.

Urban Property Group's in-house construction team is forecasting a mid-2026 completion, with <a href="https://www.apartments.com.au/project-marketer/home789">HOME789</a> appointed as the project marketer.

[smartcode_project_cta:default project_id=134951]

Staff Writer

La Vera delivers a nature-connected address within Macquarie Park’s core

<a href="https://www.apartments.com.au/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">AURA</a>&nbsp;doesn’t just rise over North Sydney, it redefines it. Now in its final release, <a href="https://www.apartments.com.au/developers/aqualand-australia">Aqualand</a>’s $1 billion architectural statement is not just complete, but already reshaping the way people live, connect and dine in this rapidly evolving harbourside CBD.

Positioned beside the new Victoria Cross Metro Station and boasting panoramic views across Sydney Harbour, Aura’s 386 residences crown a mixed-use precinct designed with unapologetic ambition. The curvaceous sandstone-inspired form by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, paired with <a href="https://www.apartments.com.au/interior-designers/richards-stanisich">Richard Stanisich</a>’s understated interiors, sets a design tone that’s both monumental and intimate.

At its peak, literally, the two penthouses so spectacular they command their own names; La Davina and Il Magnate. The residents are spread across the&nbsp;entire top floor, offering what many consider the most refined residences ever built in North Sydney. Designed by Richard and Kirsten Stanisich, each four-bedroom home is meticulously crafted to evoke calm, space, and permanence.&nbsp;

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/VB70993aG-I?si=adRBlXQliYmYvaSz" title="YouTube video player" width="560"></iframe>

The kitchens are fully wrapped in natural stone, with integrated Gaggenau appliances, Sub-Zero fridges, concealed sculleries, and even a zip hydro tap delivering boiling, chilled and sparkling water on demand. A linear stone fireplace anchors the open-plan living space, dividing lounge and dining zones with quiet sophistication.&nbsp;

[smartcode_project:default project_id=30959 project_image_fid=292861]

The master suite, meanwhile, feels more like a private retreat, complete with a custom stone makeup vanity, walk-through dressing area, and spa-inspired ensuite with heated stone floors, a freestanding Villeroy &amp; Boch tub, and timber veneer joinery throughout.

Kirsten Stanisich, Director of Richards Stanisich, said the penthouses offer incredible scale reflective of a single residence.&nbsp;

“We sought inspiration for these remarkable residences from the classic top-floor Parisian apartment," Stanisich said.

"We looked at what made these French apartments so elegant and found it really came down to their scale. It was ultimately this generosity of space that we used for the AURA penthouses, where we’ve designed considered rooms with deep large-scale proportions."

[smartcode_project:default project_id=30959 project_image_fid=310337]

Everyday living at Aura feels no less elevated. A dedicated 24-hour concierge, Technogym fitness centre, sky dining terraces, and a resort-style pool serve a lifestyle designed to rival luxury hotels.

At street level, Aqualand’s own hospitality arm, Etymon Projects, curates a precinct of LA-style bistros, Japanese fine dining, and local wine bars, all seamlessly integrated into the building’s sculptural podium.

[smartcode_project:default project_id=30959 project_image_fid=310337]

This final chapter, aptly dubbed The Finale, is more than a sales phase, it’s an invitation to two of the most exclusive apartments ever to be built in North Sydney.

With limited residences remaining, buyers can access curated incentives including stamp duty rebates, rental guarantees, legal fee coverage, and even $20,000 towards dining within the precinct.

From generous one-bedders to The Icons, two singular penthouses priced well into prestige territory, Aura’s offerings reflect a scale and calibre rarely seen in urban Sydney. And with move-in now immediate, this is no longer a promise of future luxury. It’s happening.

[smartcode_project_cta:default project_id=30959]

Aqualand unveils penthouse collection at AURA By Aqualand in North Sydney

There’s no sign of the development wave that began several years ago slowing along Old Burleigh Road.

Around 10 new apartment developments are either underway or preparing to launch along the 800-metre strip stretching from the southern edge of Surfers Paradise towards the heart of Broadbeach, collectively adding just shy of 1,000 new apartments to the beachfront corridor.

The latest plans propose a further 30 apartments to replace an original six-unit walk-up on a 658 sqm site at <a href="https://www.apartments.com.au/new-apartments/20a-old-burleigh-road-surfers-paradise-qld-4217">20A Old Burleigh Road</a>. The 14-storey building has been designed by Ferro Chow Architecture, which recently joined the Elevation Architecture Group.

The developer behind the project is Geoffrey Booth, whose Future Liv In has focused on delivering rental accommodation across regional Australia.

<img alt="Old Burleigh Road" data-entity-type="file" data-entity-uuid="99d393e7-d404-43bc-80cb-6255c39b83d6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-01-05%20at%2012.28.44%E2%80%AFPM.png?VersionId=ZFT8F3mOny4M4ut.kFF3woC9WH9oR5gT" />

The Old Burleigh Road development will comprise 18 two-bedroom apartments, 10 three-bedroom apartments, and a single four-bedroom residence occupying the entirety of level 12. Above, the building will be crowned by a two-storey penthouse with its own private lift, several multi-purpose rooms, and two rooftop terraces — one featuring a puppy lawn and spa, the other offering a private swimming pool, sunset deck, and built-in barbecue.

Resident amenities will be located on the second level and include a pool with adjoining spa, cabana, and pool deck, along with an indoor residents’ lounge featuring a bar and an alfresco barbecue kitchen.

In the architectural statement submitted by Elevation Architecture, the project is referred to as “UMI”, which the firm says has been “inspired by the majestic hinterlands and shaped by the coastal climate”.

“It is an exemplar of how community living can still feel at one with nature, breathable, and deeply connected in place,” the architects noted.

They added that the site benefits from established building separation to adjoining towers, helping to maintain privacy, sunlight, and residential amenity, while still offering direct beach access within an urban setting.

“Drawing inspiration from the Gold Coast hinterlands and the region’s natural landscape, the podium and tower detail highlights the contrasting elements of treetop green and cliff-face peach. The vibrant texture and materiality shaped by time has a richness in depth and character.”

<img alt="Old Burleigh Road" data-entity-type="file" data-entity-uuid="b3d6c923-a0ab-4d74-86da-177313447e8e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-01-05%20at%2012.28.38%E2%80%AFPM.png?VersionId=i2fygmoVQM6hWpbATTAW_yTitoMTrnI1" />

Old Burleigh Road has become a hotspot for developers, with the three-tower Jewel development kickstarting a wave of projects up and down the strip when it was completed in 2020.

Currently under construction and approaching completion is <a href="https://www.apartments.com.au/new-apartments/faro-broadbeach-123-old-burleigh-road-broadbeach-qld-4218">FARO Broadbeach</a> by 5Point and Bottega, 21 large-scale half- and full-floor apartments. 5Point is also behind the recently launched <a href="https://www.apartments.com.au/new-apartments/lumara-108-old-burleigh-road-broadbeach-qld-4218">Lumara</a>, another 37 apartments to add to the pipeline.

Luxury builder GRAYA is progressing construction on <a href="https://www.apartments.com.au/new-apartments/enclave-by-graya-118-old-burleigh-road-broadbeach-qld-4218">Enclave</a>, its first Gold Coast tower, while Polycell remains the most active developer on the street. They are preparing to launch <a href="https://www.apartments.com.au/new-apartments/sandpiper-broadbeach-155-old-burleigh-road-broadbeach-qld-4218">Sandpiper</a>, a 50-storey redevelopment of the former Sandpiper Holiday Resort that will deliver around 200 apartments alongside extensive resident amenity. The group also has another 130-apartment project approved nearby, as does <a href="https://www.apartments.com.au/news/qld/dvb-approved-for-second-broadbeach-apartment-development">Dean Gallagher’s DVB Projects</a>.

Joel Robinson

First look: Old Burleigh Road apartment development wave continues

Sunshine Coast developer Habitat Development Group continues to position itself as one of the region’s largest new apartment developers.

Its latest project is in Maroochydore, where it is currently delivering <a href="https://www.apartments.com.au/new-apartments/the-millwell-2-millwell-road-east-maroochydore-qld-4558">The Millwell</a>. Adjacent to the new 53-hectare Maroochydore City Centre project, Habitat is planning a further 180 apartments on a 3,468 sqm site at <a href="https://www.apartments.com.au/new-apartments/132-136-aerodrome-road-maroochydore-qld-4558">132–136 Aerodrome Road</a>. The site was purchased with approval for a smaller 13-storey, 103-unit building.

Habitat will demolish the two existing retail centres, currently home to the Salvation Army Family Store and Neighbours Aid, and replace them with an 18-storey building featuring the significant rooftop amenities that have become a hallmark of Habitat developments in recent years. The rooftop will include both indoor and outdoor spaces, anchored by an infinity swimming pool.

<img alt="Maroochydore" data-entity-type="file" data-entity-uuid="ad434d07-666b-4614-b33e-530ad6a2d261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-01-05%20at%2010.12.33%E2%80%AFAM.png?VersionId=7pyLsPWKQuwv0us3_v.9DmbzEc2VZe9Z" />

There will be a mix of one- to four-bedroom apartments.

The Development Assessment Report, submitted to the Sunshine Coast Council, says the proposal&nbsp;is not speculative, but a response to both zoning intent and demonstrated housing need.

“The proposed development represents an appropriate and logical intensification of the site, consistent with the planning framework and the intended urban outcomes for the locality.”

Across the Sunshine Coast, councils are increasingly scrutinising not just height or yield, but whether new projects genuinely align with the long-term structure plans underpinning growth corridors. The&nbsp;ASTP Planning Report&nbsp;reinforces the approach, noting that the project has been shaped around site responsiveness rather than generic typology.

“The development has been designed to respond to the physical constraints and opportunities of the site, while delivering a high-quality residential outcome that integrates with the existing and emerging urban context.”

<img alt="Habitat" data-entity-type="file" data-entity-uuid="3a03fc54-4ca5-4868-88d0-eeced70604e2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-01-05%20at%2010.12.28%E2%80%AFAM.png?VersionId=1pkK3lJrrZjkghTLBReM2zatcas4Nc4B" />

In mid-2025, Habitat, a developer that also builds its own projects, commenced construction on The Millwell, located just over one kilometre from the new proposal. The Millwell will comprise more than 200 apartments across two eight-storey buildings.

Habitat also has two projects on Lake Kawana in Birtinya: <a href="https://www.apartments.com.au/new-apartments/st-clair-birtinya-930-931-waterside-retreat-birtinya-qld-4575">St Clair</a>, a 200-unit, two-building development launched last year and set to welcome buyers this year; and Esperance, a 175-apartment project currently progressing through the development approval process.

First look: Habitat continues to bolster Sunshine Coast apartment pipeline with Maroochydore development plans

John Camilleri, the breeder of legendary racehorse Winx, is set to deliver a landmark two-tower beachfront development that would redefine the Surfers Paradise skyline.

Camilleri, who spent around $100 million acquiring development sites across the Gold Coast in 2025, has lodged plans for two new towers on the dress-circle stretch of Garfield Terrace, just two days before Christmas.

In assembling the site, Camilleri's Celestino Developments has effectively acquired the 71 Garfield project by Iris Capital and AALTO by Weiya Holdings, creating an unrivalled <a href="https://www.apartments.com.au/new-apartments/63-79-garfield-terrace-surfers-paradise-qld-4217">4,000 sqm beachfront holding along Garfield Terrace</a>.

The proposal comprises two residential towers of 55 and 48 storeys, linked by a dramatic skybridge which will home “exclusive VIP and wellness amenities.”

In total, the development would deliver 275 two-, three- and four-bedroom apartments across the two towers, rising above a shared landscaped podium that incorporates a central green space and a beachfront swimming pool stretching more than 90 metres.

<img alt="DBI" data-entity-type="file" data-entity-uuid="097900f3-6bef-4919-b168-b08f2f762876" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-30%20at%209.37.58%E2%80%AFAM.png?VersionId=et0SpmcvaPPVrexI_zWi46BVFtZBxAzx" />

Architecture firm DBI, in documents submitted to Gold Coast City Council, said the project at 63–79 Garfield Terrace would “establish a new benchmark for beachfront residential living on the Gold Coast.”

"The project occupies a rare, uninterrupted oceanfront site and has been shaped by a design philosophy that merges architectural elegance with environmental responsiveness and a carefully curated lifestyle experience. Together, the 48-storey North Tower and 55-storey South Tower form a distinctive twin-tower composition whose dynamic silhouette will make a significant contribution to the Surfers Paradise skyline."

DBI said the architectural language draws inspiration from the fluidity and movement of the coastal landscape.

"Each tower is defined by organic, curving forms and continuous balcony ribbons that wrap the buildings, providing deep shading, enhancing environmental performance, and reinforcing the rhythmic, sculptural expression of the façade. These balcony forms also reduce the apparent mass of the towers while maintaining strong visual continuity from podium to summit. Sculpted reflective downturns run along the western spine of both towers, shifting and lifting as they extend upwards to frame service zones and open eastward to maximise ocean views."

<img alt="Garfield" data-entity-type="file" data-entity-uuid="a2a00ce3-a0e9-45d6-b4b5-b7baed592ac5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-30%20at%209.53.40%E2%80%AFAM.png?VersionId=DnruWV1dhLrtXOeElwekyd7vPq2gw55t" />

The project’s most striking feature is the skybridge at level 45, which will house executive lounges, formal dining spaces, wellness facilities and panoramic ocean-facing views.

“The skybridge enhances the identity of the development, promotes social interaction, and delivers a lifestyle experience not found elsewhere on the Gold Coast,” DBI added.

The podium will host an extensive suite of recreational amenities, including resident lounges, private dining rooms, a large open green lawn, and the signature 90-metre pool stretching along the beachfront. The pool is divided into lap, lounge and children’s zones.

The southern end of the podium will accommodate additional wellness facilities, including a gymnasium, plunge pools, treatment rooms and a dedicated yoga lawn.

<img alt="Garfield" data-entity-type="file" data-entity-uuid="ee1b4f25-231f-4804-83b1-a573a1481962" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-30%20at%209.55.47%E2%80%AFAM.png?VersionId=zObzIA3D5w7EwqPsHjr2pKrA4vbB28zL" />

There will be 127 apartments in the North Tower and 148 in the South Tower, including multiple penthouses, while the Enderley Avenue and Oceanway frontages will be activated by a series of food and beverage tenancies.

Camilleri emerged as the most active site acquirer on the Gold Coast in 2025. He spent just over $30 million acquiring Pacific Point, a 10-level Surfers Paradise apartment block and an adjoining three-level duplex, from fellow racing identity and Aquis billionaire Tony Fung. Plans are now underway for a 93-apartment, 40-storey tower on the 1,682 sqm site.

He also paid $53.65 million for the 1,500 sqm Garfield Terrace site previously marketed as AALTO by Weiya Holdings, before acquiring the adjoining parcel from hotel billionaire Sam Arnaout’s Iris Capital, the developer behind V&amp;A Broadbeach.

First look exclusive: Billionaire Winx breeder’s bold two-tower Surfers Paradise play with 45th-storey skybridge

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.