<p data-end="390" data-start="110">Australia’s housing debate has rarely been more urgent. The National Housing Supply and Affordability Council forecasts the country could fall around 262,000 homes short of housing needs by 2029, underscoring the scale of the challenge facing planners, governments and developers.</p>

<p data-end="514" data-start="392">In response, much of the conversation has centred on high-density towers around transport corridors and strategic centres.</p>

<p data-end="676" data-start="516">Diversified developer Coronation Property, while also focused on well-located, strategic sites, is incorporating an arguably underutilised typology, the terrace.</p>

<p data-end="983" data-start="678">Difficult to integrate into true high-rise developments, terraces have become a defining feature of Coronation’s lower-rise portfolio, including projects in Ashbury and Erskineville. <a href="https://www.apartments.com.au/buildings/ashbury-terraces-165-171-milton-street-ashbury-nsw-2193">Ashbury Terraces</a> places a stronger emphasis on this housing type, forming part of a broader community mix.</p>

<p data-end="1188" data-start="985">At its Erskineville development, <a href="https://www.apartments.com.au/new-apartments/lillian-erskineville-9-metters-street-erskineville-nsw-2043">Lillian</a>, terraces are more limited, with just a handful&nbsp;included within the wider, predominantly apartment-led precinct, one of the first developments to launch in Erskineville in several years.</p>

<p data-end="1188" data-start="985">[smartcode_project:default project_id=135149 project_image_fid=368392]</p>

<p data-end="1524" data-start="1190">Terrace residents at Lillian benefit from many of the same advantages as apartment owners, the lock-up-and-leave lifestyle and access to shared amenities like the rooftop wellness space, but with significantly more space.</p>

<p data-end="1524" data-start="1190">Spanning multiple levels, the terraces also feature front and rear courtyards, providing direct access to the central landscaped gardens within the precinct.</p>

<h3 data-end="212" data-section-id="1n97jye" data-start="191">The terrace model</h3>

<p data-end="464" data-start="214">Terrace housing has long been part of Australia’s urban fabric. From Paddington and Surry Hills to Glebe and Annandale, rows of terrace homes have shaped neighbourhood streets, offering a housing form that sits between detached houses and apartments.</p>

<p data-end="631" data-start="466">The contemporary terrace, however, addresses many of the limitations of older designs, where narrow staircases and constrained layouts often compromised liveability.</p>

<p data-end="703" data-start="633">[smartcode_project:default project_id=135149 project_image_fid=368157]</p>

<p data-end="834" data-start="705">“Terraces represent one of the city’s most intelligent housing models,” says Joe Nahas, Managing Director of Coronation Property.</p>

<p data-end="1085" data-start="836">“They deliver density without losing the human scale that makes neighbourhoods liveable. In many ways, they provide a bridge between the Sydney we know and the Sydney we need to build. If Sydney is going to grow well, it can’t rely on towers alone.”</p>

<hr data-end="1090" data-start="1087" />
<h3 data-end="1124" data-section-id="1a7l0gw" data-start="1092">The evolution of the terrace</h3>

<p data-end="1262" data-start="1126">That thinking has shaped Coronation’s approach at Ashbury Terraces, where the terrace typology has been reinterpreted for modern living.</p>

<p data-end="1459" data-start="1264">Designed by SJB, the project recently received recognition at the 2026 Better Future World Design Awards, acknowledging its architectural clarity and response to the surrounding suburban context.</p>

<p data-end="1564" data-start="1461">SJB Director Adam Haddow says the intent was to evolve a familiar housing form rather than reinvent it.</p>

<p data-end="1723" data-start="1566">“The terrace is one of Sydney’s most familiar housing forms, so our approach at Ashbury was to reinterpret that typology in a contemporary way,” Haddow says.</p>

<p data-end="1888" data-start="1725">“The homes are designed to sit comfortably within the existing neighbourhood while introducing more light, landscape and shared spaces that support modern living.”</p>

<p data-end="2082" data-start="1890">Ashbury Terraces combines terraces, apartments and penthouses across a series of low-rise buildings, integrating contemporary architecture with landscaped communal spaces and resident amenity.</p>

<p data-end="2264" data-start="2084">That same typology is now being carried into Coronation’s Lillian development in Erskineville, where a smaller number of terraces sit within a predominantly apartment-led precinct.</p>

<hr data-end="2269" data-start="2266" />
<h3 data-end="2289" data-section-id="cazuws" data-start="2271">Buyer response</h3>

<p data-end="2486" data-start="2291">Coronation’s decision to include terraces at Lillian was informed by strong buyer feedback from Ashbury Terraces, where purchasers were drawn to the flexibility and scale the housing type offers.</p>

<p data-end="2588" data-start="2488">One resident, Sweta Pursem, purchased a terrace as a single buyer, citing its long-term versatility.</p>

<p data-end="2720" data-start="2590">“As a single buyer, it might seem surprising that I chose a terrace over an apartment, but I was thinking long term,” Pursem says.</p>

<p data-end="2851" data-start="2722">“The terraces are incredibly versatile, catering to a range of lifestyles while still offering the space and privacy of a house.”</p>

<p data-end="2962" data-start="2853">For Pursem, the multi-level layout provides a level of functionality not typically found in apartment living.</p>

<p data-end="3202" data-start="2964">“Having a separate living area from the bedroom and home office makes everyday living feel both functional and comfortable. When friends and family come to visit, the layout gives a sense of privacy while still feeling open and spacious.”</p>

<p data-end="3279" data-start="3204">Her terrace also supports a more connected, lifestyle-driven way of living.</p>

<p data-end="3537" data-start="3281">“I love entertaining, and the courtyard is ideal for relaxed weekend drinks with friends. I tend to use each level differently throughout the day, it creates a natural rhythm between work, downtime and entertaining, which I didn’t have in apartment living.”</p>

<p data-end="3692" data-start="3539">Ashbury Terraces is now complete and ready to move in, while Lillian in Erskineville is under construction and expected to welcome residents in mid-2027.</p>


Joel Robinson

Coronation champions terraces as a key piece of Sydney’s housing mix

<p data-end="255" data-start="66">Private equity real estate firm Conquest has entered into a $220 million partnership with Woolworths’ development arm, Fabcot, to deliver its long-awaited Waterloo project on Bourke Street.</p>

<p data-end="518" data-start="257">The Bourke Street development was first flagged by Fabcot back in 2021 as part of its push into Sydney’s residential market. However, progress has since stalled, with no activity on site amid a number of design revisions in consultation with the City of Sydney.</p>

<p data-end="677" data-start="520"><a href="https://www.apartments.com.au/developers/conquest">Conquest</a>, which is actively planning more than $6 billion worth of new developments, predominantly mixed-use precincts, is now set to move the project forward.</p>

<p data-end="978" data-start="679">The current plans include between 110 and 120 apartments across two buildings designed by Bates Smart at <a href="https://www.apartments.com.au/new-apartments/923-935-bourke-street-waterloo-nsw-2017">923 Bourke Street</a>. The scheme will incorporate a portion of apartments reserved for key workers, alongside premium commercial space at ground level, including a full-line Woolworths supermarket.</p>

<p data-end="1044" data-start="980">Construction is expected to commence in the second half of 2026.</p>

<p>Michael&nbsp;Akaawi, CEO of Conquest, said the partnership reflects the firm’s commitment to "convenience-led" urban renewal."</p>

<p>"We are preparing to commence construction in the second half of this year," Akaawi says.</p>

<p>"Along with Woolworths, we look forward to delivering the first major supermarket to the growing Waterloo community, integrated with premium new apartments and specialty retail shops. Our focus is on creating a seamless lifestyle hub where essential services are at the doorstep, saving residents time and enhancing their quality of life."&nbsp;</p>

<p><img alt="Conquest" data-entity-type="file" data-entity-uuid="d8beee83-ef9b-446b-a3b3-1e2fe596512b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-01%20at%2011.08.46%E2%80%AFAM.png?VersionId=raYhGepiLUJfx4InLPRRJduA3ftDJ_kS" /></p>

<p>The news comes just a week after Conquest went to the NSW Government to upsize its plans for Castlecrag's Quadrangle Shopping Centre.</p>

<p data-end="405" data-start="227">Conquest purchased the site for just shy of $70 million last year, with existing plans in place for a mixed-use residential and retail precinct comprising 38 luxury apartments.</p>

<p data-end="812" data-start="407">Those plans have now been significantly expanded, with the developer lodging a State Significant Development Application with the NSW Government’s Housing Delivery Authority for 150 apartments across two 11-storey buildings. The apartments will sit above a four-storey podium, incorporating specialty retail tenancies and five levels of basement car parking, on the 5,166 sqm site at&nbsp;<a href="https://www.apartments.com.au/new-apartments/100-edinburgh-road-castlecrag-nsw-2068">100 Edinburgh Road</a>.</p>

<p>Conquest has been increasingly active in the development space in recent years. The group acquired the&nbsp;<a href="https://www.apartments.com.au/developments/eastlakes-nsw-2018">Eastlakes</a>&nbsp;Shopping Centre redevelopment, where it plans to deliver more than 1,000 apartments above a new retail precinct, and has also lodged a $900 million State Significant Development Application for a&nbsp;<a href="https://www.apartments.com.au/news/nsw/conquest-unveils-900m-stanmore-village-vision-for-landmark-inner-west-site">mixed-use precinct in Stanmore</a>.</p>


Conquest partners with Woolworths to deliver mixed-use Waterloo project

<p data-end="319" data-start="100">A shift away from Sydney’s industrial past has left parts of the inner south defined by contrast, brick warehouses repurposed into dining precincts, former factory streets softened by landscaping and pedestrian activity.</p>

<p data-end="547" data-start="321">Rosebery is one of those suburbs. Over the past decade, it has undergone significant gentrification, anchored by The Cannery, which has helped reposition the area as one of the inner city’s most sought-after lifestyle pockets.</p>

<p data-end="832" data-start="549">What hasn’t kept pace with that transformation is new residential supply, which has remained relatively limited. Builder-developer Deicorp identified that gap early, securing a site in 2019 and delivering what is now one of the suburb’s most architecturally distinctive developments.</p>

<p data-end="980" data-start="834">To realise the vision, Deicorp engaged Candalepas Associates to design The Rothschild, a project that is immediately recognisable from the street.</p>

<p data-end="1440" data-start="982">Completed in 2025, The Rothschild comprises two buildings across Rothschild and Mentmore Avenues, delivering 176 apartments. The development replaces a former industrial site, retaining a material and structural dialogue with its past while introducing a more resolved residential framework. The scale is deliberate but not monolithic, broken into forms that engage both street frontages, with retail at ground level and two levels of basement parking below.</p>

<p data-end="1512" data-start="1442">[smartcode_project:default project_id=106843 project_image_fid=221665]</p>

<p data-end="2148" data-start="1514">From the street, the architectural intent is clear. Off-form concrete columns run through the façade, establishing a repeated structural rhythm that gives the building its visual weight. These are paired with deep-set arches and sections of exposed brickwork, creating a layered elevation that reads less like a typical apartment block and more like a reinterpretation of industrial architecture.</p>

<p data-end="2148" data-start="1514">The material palette is intentionally restrained, with concrete left exposed and brick used to define mass rather than decoration. The result is a building that stands out through proportion and repetition, rather than height or glazing.</p>

<p data-end="2647" data-start="2150">This approach continues internally. A central landscaped courtyard sits between the two buildings, anchored by an olive grove that acts as both a visual and spatial focal point. Rather than functioning as residual space, the courtyard is designed as a shared ground plane, where circulation paths, seating areas and planting come together to create a usable communal environment. Its positioning allows natural light to penetrate deep into the site while maintaining separation between residences.</p>

<p data-end="2719" data-start="2649">[smartcode_project:default project_id=106843 project_image_fid=221666]</p>

<p data-end="3056" data-start="2721">Within the apartments, the planning follows a clear and functional logic. Entry points lead directly into open-plan living areas, with kitchens positioned as central elements alongside dining and lounge spaces. These zones extend to balconies or external openings, maintaining a visual connection to either the courtyard or the street.</p>

<p data-end="3559" data-start="3058">Kitchens prioritise practicality, with generous bench space, ample storage and European appliances configured for everyday use. Bedrooms are typically set back from the main living areas, creating quieter zones within each residence, with separation achieved through layout rather than material change. Bathrooms are compact but efficient, incorporating mirrored cabinetry and integrated storage to maximise space. Across all residences, the emphasis is on clarity of movement and functional planning.</p>

<p data-end="3631" data-start="3561">[smartcode_project:default project_id=106843 project_image_fid=221669]</p>

<p data-end="4053" data-start="3633">At ground level, retail and hospitality uses extend the building’s presence beyond its residential function. A café or restaurant space, alongside communal amenities such as a music room and rooftop areas, positions the development as part of a broader urban network rather than a standalone project. These shared spaces reinforce a lifestyle where the building operates as an extension of the surrounding neighbourhood.</p>

<p data-end="4408" data-start="4055">Rosebery’s proximity to Green Square, The Cannery and nearby parklands supports this model of living, where much of daily life is within walking distance. The Rothschild sits comfortably within that network, contributing to the streetscape through its distinctive architecture, while internally organising space around light, structure and communal use.</p>

<p data-end="4497" data-start="4410">The Rothschild is now complete and ready to move in, with limited residences remaining.</p>

<p data-end="4548" data-start="4499">[smartcode_project_cta:default project_id=106843]</p>


The Rothschild reinterprets Rosebery’s industrial DNA into residential form

<p>KTQ has unveiled&nbsp;<a href="https://www.apartments.com.au/new-apartments/casilia-16-marine-parade-coolangatta-qld-4225">Casilia</a>, the final residential release within the Kirra Point precinct which really kicked off the boom in the area back in 2019.</p>

<p>The final stage comprises&nbsp;87 residences and marks the culmination of a long-term, family-led vision for Kirra Point, as the precinct moves toward completion in tandem with the development.</p>

<p>Around $100 million in sales have been achieved already, close to 35 per cent of the residences secured ahead of launch. There have been a significant number of buyers returning from the first stage of the development, Miles Residences, securing another property within Kirra Point.</p>

<p>[smartcode_project:default project_id=152295 project_image_fid=368410]</p>

<p>Selling agent Tim Keenan from Keenan Byrne said the response reflects both the scarcity of the offering and Kirra’s growing reputation as a premium coastal market.</p>

<p>“This is effectively Kirra’s final act, the last release within what has become one of the Southern Gold Coast’s most tightly held beachfront precincts,” Keenan said.</p>

<p>“We’ve seen exceptionally strong pre-sale interest, from VIP waitlists through to off-market enquiry, which speaks to both the quality of the product and the confidence buyers have in the precinct. What’s particularly compelling is the number of buyers returning from Miles, either upgrading or investing again, which is a strong signal of how the precinct has been received."</p>

<p>Keenan adds that at the same time, north-facing beachfront remains exceptionally rare in Australia, limited to places like Noosa, Byron and Kirra, which is underpinning long-term value.</p>

<p>[smartcode_project:default project_id=152295 project_image_fid=368415]</p>

<p>Positioned along one of Australia’s few true north-facing beaches, Casilia offers a mix of two and three-bedroom residences with pricing ranging from $1.87 million to $7.15 million and two exclusive penthouses. Residences are oriented to capture varying outlooks, from uninterrupted Pacific Ocean views across Kirra Beach to hinterland vistas, with upper levels and shared amenity taking in sweeping perspectives along the Gold Coast coastline.</p>

<p>At rooftop level, a north-facing pool deck captures expansive, uninterrupted views over Kirra Beach and north towards Surface Paradise. The space incorporates a heated resort-style pool, mineral spa, sun lounges and a covered BBQ cantina.</p>

<p>Buyer profiles are broad, typically aged between 40 and 70, with a strong skew toward second-home ownership, drawn by a combination of lifestyle, relative value, proximity to Gold Coast Airport and lower congestion compared to more established markets such as Byron Bay and Noosa.</p>

<p>[smartcode_project:default project_id=152295 project_image_fid=368414]</p>

<p>The project is being delivered by <a href="https://www.apartments.com.au/developers/ktq-group">KTQ Group</a>, a family-owned Australian property group with a diverse portfolio spanning residential, hospitality and commercial developments. The group has delivered a number of notable projects across sectors, including the award-winning Elements of Byron resort, demonstrating its depth of experience across both hospitality and residential development.</p>

<p>Known for its long-term approach to place-making, KTQ Group retains a vested interest in its projects, often holding assets within its portfolio, which has also helped build trust among buyers and reinforced confidence in both the vision and delivery certainty of the precinct.</p>

<p>“Casilia represents the final opportunity to secure a residence within Kirra Point and brings to market the last release within our long-term vision for the precinct," KTQ Group's Jeremy Holmes said.</p>

<p>"Kirra Point has been more than a decade in the making, and that timeframe reflects the care behind each decision, it takes listening, balance and vision to arrive at something that feels right for the location.</p>

<p>“Our approach has always been to deliver Kirra Point as a destination in its own right, a connected coastal neighbourhood integrating residential, hospitality and wellness, rather than a standalone project. It’s a vision that respects place, pace and permanence, and contributes to a sense of community that feels authentic to Kirra.”</p>

<p>[smartcode_project:default project_id=152295 project_image_fid=368411]</p>

<p>Once complete, the Kirra Point masterplan will incorporate a mix of dining establishments, bars and cafés, alongside the Kirra Point Health Club and a future 91-room independent resort hotel, creating a walkable, integrated lifestyle precinct.</p>

<p>Architecutue and interiors at Casilia have been designed by the experienced design houses of <a href="https://www.apartments.com.au/architects/little-boat-projects">Little Boat Projects</a> and O’Neil Architecture &amp; Interior Design, The design moves beyond the conventional coastal apartments, instead taking cues &nbsp;from the surrounding landscape - layering natural materials, soft curves and warm textures to create spaces that respond to light, airflow and the rhythms of coastal living.</p>

<p>Residences are designed with an array of floorplates, generous proportions and intuitive flow, while at ground level Casilia connects into the broader precinct, where future laneways, retail and hospitality offerings will contribute to a neighbourhood defined as much by how people live day-to-day as its beachfront position.</p>

<p>[smartcode_project_cta:default project_id=152295]</p>


The final residential release within the Kirra Point masterplan is set to launch, as strong pre-sales signal sustained demand for the Southern Gold Coast

A decade in the making: KTQ launches Casilia at Kirra Point

<p>South East Queensland developer&nbsp;<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a>’s entry into the Gold Coast apartment market has progressed from pipeline to market, with its Chevron Island project Bronze on Chevron now formally available to purchase ahead of a planned 2029 completion.</p>

<p>The 119-apartment development on Mawarra Street marks the Brisbane-headquartered builder-developer’s first residential play in the Gold Coast, following its expansion south from Brisbane and the Sunshine Coast.</p>

<p><a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-surfers-paradise-qld-4217">Bronze on Chevron</a> comprises a mix of two-, three- and four-bedroom residences, with pricing starting from just over $1.5 million. The project is being delivered under Gardner Vaughan’s fully integrated model, with the group acting as both developer and builder, a structure it has consistently applied across its South East Queensland portfolio.</p>

<p>[smartcode_project:default project_id=107520 project_image_fid=367182]</p>

<p>Architecture has been designed by <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, with landscape architecture by <a href="https://www.apartments.com.au/landscape-architect/jeremy-ferrier-landscape-design">Jeremy Ferrier</a>. The building presents as a single-tower scheme, with a focus on maximising outlook across both the Surfers Paradise skyline and the Nerang River.</p>

<p>Apartments have been planned with open-plan living zones extending to generous balconies, a response to the site’s dual-aspect positioning between river and ocean. Interiors follow a restrained coastal palette, with two colour schemes offered, and an emphasis on natural light and cross-ventilation.</p>

<p>[smartcode_project:default project_id=107520 project_image_fid=367181]</p>

<p>Resident amenity is concentrated across more than 1,250 sqm and includes a resort-style pool, gym, yoga lawn and rooftop entertaining areas. A function space with catering facilities forms part of the upper-level offering, alongside north- and south-facing outdoor areas.</p>

<p>Ground level will incorporate two retail tenancies, intended to extend the existing village character of the surrounding streets.</p>

<p>&nbsp;</p>

<p>[smartcode_project:default project_id=107520 project_image_fid=367200]</p>

<p>The project sits within walking distance of Thomas Drive’s established dining strip, while maintaining proximity to <a href="https://www.apartments.com.au/developments/surfers-paradise-qld-4217">Surfers Paradise</a> beach and broader Gold Coast amenity. The location, positioned on Chevron Island between the river and coastline, has increasingly attracted mid- to high-density development in recent years as the precinct evolves beyond its low-rise origins.</p>

<p>Gardner Vaughan’s move into the Gold Coast was first signalled in 2025, with the group identifying the region as a natural extension of its operations. Chief Executive Officer Simon Betteridge described the expansion as both “strategic and natural”, citing demand for well-designed apartments in lifestyle-driven markets.</p>

<p>Construction is expected to complete in early 2029.</p>

<p>[smartcode_project_cta:default project_id=107520]</p>


Gardner Vaughan brings Bronze on Chevron to market as Gold Coast debut

Kings Cross

<html><body>
<p>The Bourbon, Kings Cross owner is having another go at getting development approval for the extensive site amalgamation, after heritage rules forced them to keep the two Italianate terrace style buildings.</p>
<p>The $65 million proposal comes two years after the City of Sydney released new planning controls for Darlinghurst Road in Kings Cross.</p>
<p>Costs have soared from the initial $47 million proposal.</p>
<p>The draft controls ensured that any development retain the heritage.</p>
<p>The façade of The Bourbon at 22–24 Darlinghurst Road was deemed a site of historical significance that reflected social and architectural change in Potts Point over the decades.</p>
<p>The mansion terrace was originally built for wealthy professionals, then modified for use as a private hospital, later converted to a boarding house, and finally became a popular nightclub.</p>
<p><span lang="EN-GB"> <img src="https://www.urban.com.au/images/2020/9/17/The%20Bourbon%202.jpeg" alt=""></span> </p>
<p>The proposal marks the end of an era for the standalone hotel that comes with more folklore than any other in Sydney since being opened in 1967 by Bernie Houghton.</p>
<p>The <span class="m_-4462631763877072612gmail-il">Bourbon</span> premises, initially the haunt of US servicemen on R&amp;R, then colourful underworld Sydney identities, more recently had a reputation for late night sporting star fistacuffs as it was among Sydney's first seven days 24-hour licenced premises.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/9/17/The%20Bourbon%203.jpg" alt=""></p>
<p>Having spent $66 million on his substantial five building site amalgamation, developer Sam Arnaout engaged heritage advisers who pressed ahead with demolition plans.</p>
<div>Residents strongly opposed the demolition of the heritage buildings dating back to 1890s in what was a $47 million proposal.</div>
<div> </div>
<div>Arnaout initially viewed the retention of the heritage and its incorporation into the proposed development "as not feasible or necessary."</div>
<div> </div>
<div><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/9/17/Bourbon%20location.jpg" alt=""></div>
<div> </div>
<div>Indeed Urbis and NBRS both initially claimed that the site included "a highly altered building which is not easily distinguishable as a representative example of the late Victorian period in which it was constructed."</div>
<div> </div>
<div>"The site now represents an ad hoc collection of elements with no clear chronology or character and the buildings do not have the level of intactness to warrant retention, except for the principal form of No.30 Darlinghurst Road (Les Girls),' it argued in 2017.  </div>
<div> </div>
<div>"Any historic and aesthetic values are considered to be eroded by successive and substantial modifications.," it added.
<p>"The façade of 22 and 24 (above the awning) makes a limited contribution to the streetscape as a recognisable Victorian styled element, however the contribution is highly degraded."</p>
</div>
<p><a href="https://online2.cityofsydney.nsw.gov.au/DA/IndividualApplication?tpklapappl=1492052&amp;fbclid=IwAR1PNwdTFTeB-Hyuc_dPIvvjniiUe36Znfy4JTkMsFnP_gQc44AXmCU6cco" target="_blank">The new plans</a>, which are understood to reduce the number of apartments in order to include a hotel, have not yet been formally posted on the City of Sydney website, but circulated among resident and business groups.</p>
<p>It was 2017 when the infamous Bourbon nightclub in Kings Cross was set for outright demolition following a redevelopment proposal for a $47 million luxury eight storey apartment block.</p>
<p><span class="m_-4462631763877072612gmail-il">Arnaout</span> controls the expanded northern entry of the Cross, from the Fountain Cafe at Kingsley Hall on Barncleuth Square through to the Empire Hotel on the Roslyn Street corner, but he has still missed out on securing the Lido building which would have made the site rectangular. His site is 2500 sq m.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/12/19/KC.jpg" alt=""></p>
<p>(Source Sydney City Council Archives)</p>
<p>The only nod to the past in the proposed plans was keeping the curved facade of the former 1965 Les Girls hotel.</p>
<p>Arnaout's Iris Capital initially proposed 83 apartments and 101 car parking spaces, plus retail premises and two licensed bars. It is proposed the reincarnated Bourbon will have up to 400 patrons and the Empire some 920, as it the mixed use application seeks to navigate the twin outcomes of liquor outlets and quiet residential living.</p>
<p>Chris Corrode, the Sydney City Council area planning manager, had given Iris Capital pre-application advice on the initial proposal</p>
<p>Arnaout ought to increase the site density.</p>
<p>The current floor area is 5856 sqm. The initial application seeks an extra 1865 sqm, taking the density to 6936 sq m.</p>
<p>The initial proposed design (below) of the façade to Darlinghurst Road had been developed with SJB Planning, Urbis Heritage and Woods Bagot Architects. </p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/12/19/FAC1.jpg" alt=""></p>
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<p>Arnaout bought the Bourbon for $24 million from publican Christopher Cheung who said the lockout laws had influenced his decision to sell the property.</p>
<p>The proposed apartment block has been a collaborative design by SJB Planning, Urbis Heritage and Woods Bagot Architects. </p>
<p>Within the subject site, a three-storey retail building and boarding house known as Lowestoft was constructed on 20 Darlinghurst Road; a three-storey residential boarding house, St Louis on 22 Darlinghurst Road; a three-storey private hospital, Chanrlesmont, on 24 Darlinghurst Road and a pair of attached, two-storey houses known as “Lister” and “Lynn” on 26 and 28 Darlinghurst Road; and an eight-storey residential chambers called Commodore Private Hotel was constructed at the junction of Darlinghurst Road and Roslyn Street, designed by architect, Claude Hamilton.</p>
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jchancellor-FAypfDUnLy

Stalled Bourbon, Kings Cross redevelopment returns respecting its heritage

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<p>SPONSORED POST</p>
<p class="p1"><span class="s1">We all know that the Sydney lockout laws were introduced by the Government of NSW in 2014 with the objective to reduce alcohol-fuelled violence.<span class="Apple-converted-space"> </span></span> </p>
<p class="p1"><span class="s1">The legislation requires 1.30am lockouts and 3am last drinks at bars, pubs and clubs in the Sydney CBD entertainment precinct.<span class="Apple-converted-space"> </span></span></p>
<p class="p1"><span class="s1">But did you know that since this time, pedestrian traffic has dropped by 40% in Kings Cross, falling from a Saturday peak of 5,590 per hour between 1am- 2am in 2010, to a Saturday peak of 3,888 between 12am - 1am in 2015. </span></p>
<p class="p4"><span class="s1">According to data from Liquor &amp; Gaming NSW, 418 licensed premises in Kings cross and CBD have closed since 2014, 242 new licenses – net loss of 176 venues and a 19% revenue loss for clubs.<span class="Apple-converted-space"> </span></span></p>
<p class="p4"><span class="s1">With reduced foot traffic, mass venue closures, high vacancy rates and challenging head winds, the retail sector is currently experiencing an upheaval as owners are now forced to look for alternative options to generate income.<span class="Apple-converted-space"> </span></span></p>
<p class="p5"><span class="s1">The saving grace is yet to come for owners, tenants and consumers with the CBD and city fringe area having five </span><span class="s3">key changes proposed to the late-night trading planning controls:</span></p>
<ol class="ol1">
<li class="li7"><span class="s4"><strong>A 24-hour city centre</strong> – extend the late night management area along George Street across the city centre and increase maximum trading hours from 5am to up to 24 hours.</span></li>
<li class="li7"><span class="s4"><strong>Increase hours for low impact venues in local centres</strong> – align the controls with NSW Government rules and allow lower impact venues, including small bars, to trade until 2am.</span></li>
<li class="li7"><span class="s4"><strong>New areas for new communities</strong> – identify late-night trading areas in suitable urban renewal precincts. These include Barangaroo, Walsh Bay, Green Square town centre, Danks Street, East Village shopping centre and an arts focused industrial heritage warehouse area in Alexandria. </span></li>
<li class="li7"><span class="s4"><strong>Extend existing areas</strong> – recognise venues in Chippendale, Redfern, Surry Hills and Lankelly Place in Potts Point, which have emerged since the planning controls were reviewed in 2007. </span></li>
<li class="li7">
<span class="s4"><strong>Encourage performance, culture and unlicensed businesses</strong> –<br></span>a. Allow unlicensed shops and business, such as bookshops, clothing stores, drycleaners and hairdressers to trade up to 24 hours in city living or late night management areas and up to 2am in local centres.<br>b. Describe dedicated performance venues, such as theatres, concert halls and cinemas with up to 250 patrons, as lower risk premises and allow these venues an additional trading hour at closing time.<br>c. Allow venues that host performances one additional trading hour at closing time on the night of the performance. </li>
</ol>
<p class="p9"><span class="s1">We all know something has to change to help these areas continue to evolve, so hopefully these proposed changes happen sooner rather than later…</span> </p>
<p class="p5"><span class="s1"><em>Savills is a leading global real estate service provider offering the full spectrum of services from strategic advice to managing assets and projects and transacting deals. </em></span></p>
<p class="p5"><span class="s1"><em>David Hickey is a Senior Executive in the Metropolitan &amp; Regional Sales team. To learn more about Savills, visit </em><a href="http://www.savills.com.au/"><span class="s5"><em>savills.com.au</em></span></a><em>.</em></span></p>
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jrobinson-rf4aSBido9

Sydney’s lockout laws need a key change: Savills

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<p>The popular Kings Cross watering hole Gazebo Wine Bar &amp; Dining has been listed for sale</p>
<p>One of Sydney's original wine bars, Gazebo sits on the fringe of Elizabeth Bay and Potts Point at <a href="https://www.realcommercial.com.au/property-hotel+leisure-nsw-elizabeth+bay-503121426" target="_blank">2 Elizabeth Bay Road.</a></p>
<p>Its name derived from the Gazebo Hotel, which opened its doors in the late 1960s. Back then the ground level bar was named Pavilion.</p>
<p>The hotel closed in the 1990s and was sold off as residential apartments in 2005 after a four year conversion of the 18 storey tower nicknamed 'the corncob.</p>
<p>There was an $8 million sale in 2014 when Anthony Frogatt, the vice president of the Brewers for Europe, <a href="/expert-insights/buying/syd-fischer-sells-8-million-gazebo-elizabeth-bay-apartment">bought the whole floor apartment</a> of Syd Fischer.</p>
<p>In 2014 The Keystone Group, the former hospitality giant who went in to receivership two years later, bought the bar.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/3/20/Gaz2.jpg" alt=""></p>
<p>In the 2015/16 financial year, the venue was taking income of over $2 million a year.</p>
<p>The Keystone Group had to offload 17 venues, including the likes of Bungalow 8 and Cargo Bar, citing the lock out laws as partly to blame for their demise.</p>
<p>Gazebo was picked up by Sydney restaurateur Liz Taylor, after a reported $3 million refurb from The Keystone Group over their brief ownership.</p>
<p>Taylor teamed up with seasoned chef Tristian Hope and redesigned the space in 2017.</p>
<p>Knight Frank agents Kate MacDonald and Mike Wheatley are marketing the property.</p>
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Gazebo Wine Bar & Dining at Kings Cross listed

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<p>A Woolworths Metro has become the anchor tenant of Greenland Australia’s $320 million Omnia apartment building in Kings Cross.</p>
<p>It is in the final stages of completion.</p>
<p>Positioned on level one of Omnia’s podium level, the Woolworths Metro will be joined by seven other retail spaces on the ground floor, which are currently available for lease.</p>
<p>Greenland Australia’s managing director, Sherwood Luo, said the Woolworths Metro store underpinned Omnia’s key points of difference - convenience.</p>
<p>Luo said the group is now targeting premium bar and restaurant operators for the ground floor retail tenancies.</p>
<p>Located on the Victoria Street and Darlinghurst Road corner, adjacent to the iconic Coca-Cola sign, the Woolworths Metro will be open from 6am until midnight seven days a week.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/11/1/woolworth%202.jpg" alt=""></p>
<p>Justin Nolan, the Metro, Woolworths general manager said the customers were "looking for food they can either eat now on the go, or later, along with a convenient grocery shop".</p>
<p>Woolworths will retain its Macleay Street, Potts Point store.</p>
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j.ballantyne1990-6AQqhLzZaK

Woolworths Metro opens at Omnia, Kings Cross

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<p>The infamous Bourbon nightclub in Kings Cross is set for demolition following a redevelopment proposal for a $47 million luxury eight storey apartment block.</p>
<p>It would be the end of an era for the standalone hotel that comes with more folklore than any other in Sydney since being opened in 1967 by Bernie Houghton.</p>
<p>The <span class="m_-4462631763877072612gmail-il">Bourbon</span> premises, initially the haunt of US servicemen on R&amp;R, then colourful underworld Sydney identities, more recently had a reputation for late night sporting star fistacuffs as it was among Sydney's first seven days 24-hour licenced premises.</p>
<p>It was in the late 1990s when cricketer Ricky Ponting, four years after his Test debut, was involved in a fight which left him with a black eye. Drag queen Carlotta happily gave her insights into the night to the inquiring news hounds.</p>
<p>"Everyone who drank there has a Bourbon &amp; Beefsteak story," writer Paul Ham once suggested, adding Ponting's "sobering experience helped put the young cricketer back on the path to greatness."</p>
<p>Local novelist Louis Nowra wrote that between 1988 and 1996 the Kings Cross police were called to the venue no fewer than 550 times.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/12/19/KC.jpg" alt=""></p>
<p>(Source Sydney City Council Archives)</p>
<p>But having spent $66 million on his substantial five building site amalgamation, developer Sam Arnaout isn't sentimental instead seeing himself as the king of the emerging residential rejuvenation of the Darlinghurst Road strip. </p>
<p>The only nod to the past in the proposed plans was keeping the curved facade of the former 1965 Les Girls hotel, in accordance with Sydney City Council's determination of its supposed significance.</p>
<p>Arnaout's Iris Capital proposes 83 apartments and 101 car parking spaces, plus retail premises and two licensed bars. It is proposed the reincarnated Bourbon will have up to 400 patrons and the Empire some 920, as it the mixed use application seeks to navigate the twin outcomes of liquor outlets and quiet residential living.</p>
<p>Residents point out the nearby Rex, on the other side of the fountain, did not keep its barn style liquor outlet in its residential redevelopment by the O'Neil family.</p>
<p><span>Chris Corradi</span><span>, the Sydney City Council area planning manager, gave Iris Capital pre-application advice on t</span>he proposal that seeks:</p>
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<p><span class="m_-4462631763877072612gmail-il">Arnaout</span> now controls the expanded northern entry of the Cross, from the Fountain Cafe at Kingsley Hall on Barncleuth Square through to the Empire Hotel on the Roslyn Street corner, but he missed out on securing the Lido building which would have made the site rectangular. His site is 2500 sq m.</p>
<p>The proposal also sees the demolition of the adjoining former Sydney Swans Club.</p>
<p>Arnaout seeks to increase the site density. The current floor area is 5856 sqm. The application seeks an extra 1865 sqm, taking the density to 6936 sq m. </p>
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<p><span>There is currently some 656 sqm </span><span>of retail floor area on the site and a further 5,200 sqm </span><span>of pub floor area associated with the two licensed premises. The Bourbon is currently 4000 sq m space. It proposes the new liquor premises will have a combined </span>1,280 sqm space.</p>
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<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/12/19/FAC1.jpg" alt=""></p>
<div>Residents are likely to strongly oppose the demolition of the heritage buildings dating back to 1896, <a href="https://online.cityofsydney.nsw.gov.au/DA/IndividualApplication?tpklapappl=1332824" target="_blank">but have only until January 24</a> to lodge submissions to the council.</div>
<p>The Greenland development group bookend the nightclub strip where the Crest redevelopment, Omnia is under construction with the Chinese developer having secured an $11 million penthouse sale, highlighting the potential of the rundown location.</p>
<p>Arnaout had owned that site too, but flicked it.</p>
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<p>Arnaout bought the Bourbon for $24 million from publican Christopher Cheung who said the lockout laws had influenced his decision to sell the property.</p>
<p>The proposed apartment block has been a collaborative design by SJB Planning, Urbis Heritage and Woods Bagot Architects. </p>
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Last drinks for Bourbon at Kings Cross with eight storey apartment redevelopment plans

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<p>Australia Finance Group chairman Tony Gill and wife Camilla have quietly sold their penthouse in the Altair building at Kings Cross for $7,825,000.</p>
<p>They paid $5.2 million in 2013 having downsized from their Castlecrag waterfront that sold for $8.5 million.</p>
<p>Set atop the award-winning Engelen Moore's designed Altair building, the penthouse has 240 degree views from the 19th level.</p>
<p>It has 215 sqm of internal living space with three bedrooms and two bathrooms. The master bedroom has its own dressing room and ensuite.</p>
<p>A 185 sqm L shaped terrace looks out across the city skyline to the Sydney Harbour.</p>
<p>Richardson &amp; Wrench agents Jason Boon and Geoff Smith sold the apartment which was first sold in 2000 at $2.5 million.</p>
<p>Gill has been the chairman of the AFG board since 2008.</p>
<p>This article first appeared in the Daily Telegraph.</p>
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firstname1-iYD4UYzvBa

Australia Finance Group chairman Tony Gill sells Kings Cross penthouse

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<p>The Piccolo Bar, just off the main strip in Sydney’s Kings Cross - which recently featured in the ABC-TV series Rake - is closing its doors after 65 years.</p>
<p>“It is very sad,” says its longtime owner-operator Vittorio Bianchi, 82, who came to work as the barista in the tiny café as a 29 year old in 1964.</p>
<p>He said the Cross was so quiet now - blaming the lockout laws and the ban on smoking inside, and outside, cafés for the likely end of the Cross's oldest coffee bar.</p>
<p>"The politicians have done a good job of killing the place,” he told Fairfax Media</p>
<p>The Piccolo Bar, on Roslyn Street, had a clientele that’s included prime ministers from Gough Whitlam to Malcolm Turnbull.</p>
<p>There were the screen stars like Mel Gibson, Judy Davis and Jeremy Irons, artist Brett Whiteley, writer Dorothy Hewett and murdered activist Juanita Nielsen.</p>
<p>“We used to be open 24 hours,” says Italian émigré Bianchi. </p>
<p>His café is now up for lease through agent Ron Danieli with hopes that someone will keep it running as a coffee shop.</p>
<p>The lease is around $500 per week, plus GST and outgoings.</p>
<p>The café opened first in the 1940s and in its current form as the Piccolo Bar in 1952.</p>
<p>After Bianchi suffered a heart attack, a triple by-pass in 2014, and then suffered a bout of cancer last year, his niece-in- law Tina Newton-Carra took over the cafe.</p>
<p>Bianchi still dropped in regularly to chat to his regular loyal clientele, and take a turn on the coffee machine.</p>
<p>Now she wants to work full-time on her new business, creating a same-sex online wedding directory, OneLove Wedding Directory.</p>
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Piccolo Bar, Kings Cross, closing after 65 years

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<p>A tenanted office space in Sydney’s Potts Point has traded hands for $710,000.</p>
<p>The property at <a href="https://www.realcommercial.com.au/property-offices-nsw-kings+cross-502029946" target="_blank">8/2-14 Kings Cross Road, Kings Cross</a> is part of a building that was was refurbished and strata titled in 2004 into a hotel and four levels of commercial offices. </p>
<p>The floor area is 82 sqm and the office offers panoramic city views. </p>
<p>It is on the fringes of Potts Point, close to Kings Cross Rail Station. This is a Bohemian suburb frequented by creative businesses whilst only a train stop to the Sydney CBD.  </p>
<p>The property could be converted into residential accommodation subject to council approval. </p>
<p>It is being sold as a leased investment with a three-year lease till 2017 with a three-year option to a marketing company.</p>
<p>The net rental is $43,529.</p>
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jonathanchancellor-7SQnKwU6yx

Office with lease in Sydney's Potts Point sells for a cool $710,000

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<p>Coca-Cola has put its redundant vintage Kings Cross billboard up for auction, with proceeds going to the Wayside Chapel.</p>
<p><a href="https://stores.ebay.com.au/bidsforgood/cocacola" target="_blank">Pieces of the former sign</a> will be sold on ebay while held in storage at a<span> Girraween warehouse in Sydney</span>. </p>
<p class="standfirst-content">Coke will auction the eight letters individually over five days from September 7. </p>
<p class="standfirst-content">The two largest letters, the “Cs”, are more than 5.4m tall, up to 6.6m wide, 29cm deep and weigh 65kg each. The smaller letters are around 2.8m tall, between 1.2m and 2.6m wide, 29cm deep and weigh between 25kg and 40kg.</p>
<p>The flashing neon billboard has been refurbished with the old lights being replaced with a more energy efficient billboard.</p>
<p>The billboard was built in 1974 with its 800 neon lights switched off permanently last September for work to begin on the billboard’s refurbishment.</p>
<p>The charity fundraiser is being promoted on the billboard, Mumbrella reported.</p>
<p><img class="aligncenter size-large wp-image-391360" src="https://d1pet9gxylz2tx.cloudfront.net/uploads/2016/08/Screen-Shot-2016-08-28-at-1.39.05-pm-468x267.png" alt="Screen Shot 2016-08-28 at 1.39.05 pm" width="468" height="267"></p>
<p>According to the promotion, proceeds from the sale will go to Kings Cross charity Wayside Chapel. </p>
<p>The Wayside Chapel recently expanded to Bondi Beach. On 1 July 2016, the Chapel by the Sea in Bondi Beach officially came under the management of Wayside. </p>
<p>Following an interim 12-month arrangement, The Sydney Presbytery of the Uniting Church of Australia (UCA) will officially grant The Wayside Chapel of Kings Cross all responsibility for the governance and management of Bondi’s Chapel by the Sea and its related operations.</p>
<p>This includes the Community Services Centre at Norman Andrew’s House, and the North Bondi Op Shop, as well as the programs, worshipping communities and the resources that form part of the Chapel by the Sea.</p>
<p>Reverend Graham Long, Minister and CEO of the Wayside Chapel, and Reverend Graham Anson, Minister of Chapel by the Sea, welcome the opportunity to work together.</p>
<p>The first priority following the announcement will be a $100,000 upgrade of the facilities at Norman Andrew’s House, followed by a $630,000 redevelopment of the Chapel by the Sea to transform the site into a beacon for the community with a café, chapel, performance area, co-working space and two serviced holiday apartments.</p>
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Coca-Cola sign up for sale in pieces

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<p><span><span>Set in the heart of the Kings Cross entertainment precinct on Kellett Street, </span><span>The Powder Keg premises have been sold at $1,712,000.</span></span></p>
<p><span><span>Its lease came with a net income $122,000 per annum plus GST. There was f</span><span>ixed rental growth of 4% per annum for the </span><span>150 sqm space that included valuable outdoor area of 19 sqm.</span><br></span></p>
<p><span><span>It was marketed as a "rare opportunity to purchase a high quality long term investment in this tightly held retail precinct," by </span><span>James Griffiths at LJ Hooker Commercial.</span></span></p>
<p><span>It is leased to the international award winning Grant Collins, the food and beverage consultant with a n</span><span>ew high quality fit-out from Edge Design Studio on a n</span><span>ew 6 plus 6 year lease.</span></p>
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