<section data-scroll-anchor="false" data-testid="conversation-turn-5" data-turn="user" data-turn-id="e65dbe94-e3b6-47f7-b62a-9cbb30c9bf79" data-turn-id-container="e65dbe94-e3b6-47f7-b62a-9cbb30c9bf79" dir="auto">Time &amp; Place’s plans to transform the former David Jones factory building in Surry Hills into a mixed-use residential precinct have gone on exhibition through the NSW Government’s In-fill Affordable Housing pathway.</section>

<section data-scroll-anchor="false" data-testid="conversation-turn-6" data-turn="assistant" data-turn-id="request-WEB:f4d533b7-64a5-413d-86fd-5c99649c2b73-2" data-turn-id-container="request-WEB:f4d533b7-64a5-413d-86fd-5c99649c2b73-2" dir="auto">
The Marlborough House proposal, lodged for the <a href="https://www.apartments.com.au/new-apartments/marlborough-house-47-97-marlborough-street-surry-hills-nsw-2010">47-97 Marlborough Street</a> site, would see the adaptive reuse of the heritage-listed warehouse building alongside the construction of new residential additions and a separate apartment building on the northern portion of the site.

The proposal seeks approval for 172 apartments across three buildings, including 15 per cent affordable housing managed by a community housing provider for at least 15 years from occupation.

<img alt="Marlborough" data-entity-type="file" data-entity-uuid="5d1d3c2a-bf13-47d6-a335-7c01102cdee1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.29.36%E2%80%AFAM.png?VersionId=cjMYrbR.BLUlWH4dar0RVDDo0bG.u2YT" />

Interior view from the Northern Building Penthouse overlooking the park

&nbsp;

The redevelopment is planned for the prominent 3,413 sqm site bounded by Marlborough Street, Goodlet Street and Lansdowne Street, directly opposite Eddie Ward Park and around 200 metres from the Surry Hills light rail stop.

Time &amp; Place acquired the former David Jones building in 2024, marking the first time the property had changed hands in around 50 years.

Designed by Wardle, the proposal centres around the adaptive reuse of the former David Jones factory, originally constructed between 1913 and 1935 in the Inter-War Chicagoesque architectural style.

Wardle noted in its Architectural Design Report that the building “occupies a significant place in the industrial and cultural history of Surry Hills” and at its peak was “the largest department store manufacturing facility in Australia, employing over 800 people and fuelling the growth of Sydney’s fashion and retail industries.”

The practice said the project positions itself “not as an isolated intervention, but as a contributor to the civic, social, and architectural grain of the precinct.”

The proposal would deliver 75 apartments within the retained southern heritage building, 59 apartments within the central addition, and a further 38 apartments within the new northern building fronting Lansdowne Street.

Planning documents show the scheme would comprise a mix of heritage apartments, new-build apartments, townhouses and penthouses.

<img alt="Marlborough" data-entity-type="file" data-entity-uuid="57758518-40a3-4b83-958c-d06e96a2cffa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.29.42%E2%80%AFAM.png?VersionId=VerlX9ST5xgBi8.1_YRsqdWTJeT6ygjs" />Interior View of the Heritage Building Apartment

The development would also include a ground-floor retail tenancy on the corner of Marlborough and Lansdowne streets, rooftop communal open space, a landscaped pedestrian link along the western edge of the site, and basement parking accessed from Lansdowne Street via a car stacker system.

&nbsp;

The scheme emerged from a competitive design process run by Urbis, with Wardle ultimately selected as the winning architect ahead of FJC Studio, TZG, Architectus and Wilkinson Eyre.

The Design Integrity Panel later described several aspects of the Wardle scheme as fundamental to the project, including “the stepped character of the new addition to the north of the site”, the landscaped western pedestrian link, and the “garden arrival” experience separating the original Marlborough House from the heritage addition.

Wardle’s design heavily references the site’s industrial and heritage history, while also responding to the surrounding Surry Hills streetscape.

The Architectural Design Report describes Surry Hills as “a finely grained neighbourhood with beautiful and expressive brickworks throughout the suburb,” with the proposal introducing a material palette intended to sit comfortably alongside the existing warehouse fabric and neighbouring terraces.

The report also outlines the project’s relationship with Eddie Ward Park and the broader landscape context of the area.

“Marlborough House occupies a site of deep cultural memory and the neighbouring Eddie Ward Park is of local ecological significance, where natural systems, topography, and stories have long shaped human experience,” Wardle noted in the report.

The architects said the proposal sought to “rebind built form to Country” through landscape, materiality and the adaptive reuse of the heritage structure.

<img alt="Marlborough House" data-entity-type="file" data-entity-uuid="9ae3f2f9-c85f-477a-a6f8-b43f6cb97c41" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.29.53%E2%80%AFAM.png?VersionId=B.qUCLqRvJOR.n9CvYcTpaknIX9LuqKZ" />

The project is also being progressed under the NSW Government’s in-fill affordable housing provisions, allowing developments that include affordable housing to access additional height and floor space incentives.

Under the plans, 2,593 sqm of the project’s floor space would be dedicated to affordable housing, slightly exceeding the required 15 per cent threshold.

In its Design Excellence Strategy, Urbis said the project aimed to “sensitively adapt and enhance the heritage-listed building on site through alterations and additions that preserve its historical significance” while delivering “high-quality market and infill affordable housing development in Surry Hills.”

Time &amp; Place has been one of the most active developers nationally in the last 12 to 24 months. Late last year they completed&nbsp;The Queensbridge in&nbsp;<a href="https://www.apartments.com.au/developments/southbank-vic-3006">Southbank</a>, a mixed-use tower with 353 apartments and a hotel. They are currently selling Park Modern, 246 apartments near the famous Botanic Gardens in&nbsp;<a href="https://www.apartments.com.au/developments/south-melbourne-vic-3205">South Melbourne</a>, and have future projects, <a href="https://www.apartments.com.au/new-apartments/the-wilmot-173-burke-road-28-hope-street-glen-iris-vic-3146">The Wilmot</a>&nbsp;in&nbsp;<a href="https://www.apartments.com.au/new-apartments/glen-iris-vic-3146">Glen Iris</a>, the redevelopment of the Northcote Plaza, and another tower in South Melbourne.

The developer broke into Sydney just a few years ago with Two Tides in Manly. They have another project nearby, which is at the ultra-luxury end of the market on&nbsp;<a href="https://www.apartments.com.au/buildings/shoreline-manly-beach-89-90-north-steyne-manly">North Steyne</a>, fronting the beach.

It is also continuing to work through the <a href="https://www.apartments.com.au/news/nsw/first-look-time-place-settles-on-design-for-the-chimes-potts-point-redevelopment">redevelopment of The Chimes building</a> on Macleay Street in&nbsp;<a href="https://www.apartments.com.au/developments/potts-point-nsw-2011">Potts Point</a>, as well as a project on <a href="https://www.apartments.com.au/news/nsw/time-place-to-take-on-mosman-apartment-market">Mosman's Redan Street</a>.
</section>

Joel Robinson

First look: Time & Place unveils Marlborough House redevelopment designs for former David Jones warehouse in Surry Hills

The residential transformation of St Kilda Road is set to continue into with more new apartment plans for the sought-after boulevard.

Wing Tai Asia has lodged plans for a major residential tower at 464-466 St Kilda Road, replacing the former VACC House with an 18-storey mixed-use development designed around a retained heritage podium and a sculpted contemporary tower.

The proposal, prepared under Victoria’s Significant Residential Development with Affordable Housing pathway, would deliver 325 apartments and ground-floor retail across the prominent 4,653 sqm boulevard site in Melbourne’s St Kilda Road North Precinct.

The project centres on the adaptive reuse of the site’s heritage-listed VACC Building, an eight-storey office designed by Bernard Evans that has occupied the address for decades. Planning documents state the development would involve “carefully dismantling and conserving off-site the original metal fabric of the podium visible from St Kilda Road,” before reinstating it as the defining frontage of the new scheme.

Above the restored podium, Wing Tai is proposing a curvilinear residential tower. The scheme includes 172 one-bedroom apartments, 63 two-bedroom apartments, 66 three-bedroom apartments, and 24 four-bedroom apartments, alongside two ground-floor food and beverage tenancies fronting St Kilda Road.

The tower has been designed with substantial articulation and variable setbacks to minimise perceived bulk and maintain view corridors along the boulevard. Urbis, which prepared the planning report, said the design “has been significantly articulated through a curvilinear design” with “an interplay with materials, façade expression and depth” to create visual separation and visual interest.

The proposal also includes 254 basement car spaces, landscaped pedestrian links connecting St Kilda Road and Queens Lane, and a biophilic landscape strategy featuring canopy trees, raised planters, cascading greenery and a glass oculus pool overlooking the eastern frontage.

Planning documents confirm the $270.1 million development will contribute 3 per cent of project costs to the Social Housing Growth Fund as part of the application process.

Wing Tai acquired the St Kilda Road property in 2018 alongside Abacus Property Group for $95.38 million, before later consolidating ownership of the site. The property previously served as the Victorian Automobile Chamber of Commerce headquarters for around 60 years.

The transformation of the St Kilda Rd boulevard is already beginning to materialise, with a number of high-profile projects recently completed, launched, or approaching launch as developers continue to back the long-term appeal of the precinct.

Among the most notable recent completions is Louise by Samuel Property Group, just off the strip on Queens Lane, the same pocket Hirsch &amp; Faigen recently launched The Queensbury. Mirvac is too on the same street with The Albertine, which is approaching completion.

Dexus recently secured approval for its slice of St Kilda Road, while Gurner also has approved plans for the precinct.

Wing Tai unveils 325-apartment St Kilda Road tower on former VACC House site

Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

Palm Beach

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The Scali family have $7 million-plus price hopes for their beachfront property at Palm Beach.
The 560-square-metre block of land is on Snapperman Beach overlooking Pittwater.
The Iluka Road property was bought by Nick Scali in 2013 for $4.43 million from property developer Denis O’Neil.
The Scalis had previously paid $7.5 million for the O’Neil’s designer residence next door, a seven-bedroom residence designed by architect Walter Barda.
David Edwards, of LJ Hooker Palm Beach, has set a guide of $7 million to $7.5 million ahead of its May 18 auction.
Ilk Road's last sale was $9.2 million late last year for the beachfront house bought by restaurant entrepreneur John Szangolies and his wife Heather.
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firstname1-iYD4UYzvBa

Scali family list Palm Beach weekender

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Jill Wran, wife of the late NSW Premier Neville Wran, has sold her 1930s Palm Beach retreat.
And unlike many of the peninsular's sellers, she even made a small profit on the sandy beachfront. 
She bought Hibiscus Cottage in post-global financial crisis 2009 for $6 million, and sold in a recent hush hush off-market sale for $6.95 million.
Wran had been telling close friends it was her last summer at Palmie.
It sold to Watsons Bay property developer Andrew Wiesener, who founded Crownland Developments in 1994.
The Waratah Road property had been the long held home of Stanley Henderson, one of the brothers who ran Hendersons The Silk Centre in Pitt Street, ands his wife, Dinah.
They sold it for $4.5 million in 2003 to the mining magnate Nick Curtis and wife Angela.
When Wran bought the home in 2009, it was the first Waratah Road beachfront property offered for sale in the prior 12 years.
The traditional three bedroom, two bathroom cottage sits at the north end of Palm Beach.
Open plan living drifts out to covered patio and level lawn.
There's also a boatshed and slipway on the 613 sqm parcel.
Wran, a former literary agent, has been involved in extensive legal proceedings involving family.
Her late husband's will has been contested, and their daughter Harriet, was recently released from prison following a two year sentence.
She remains at home at Woollahra where she and Neville bought in 1982 for $595,000.
This article first appeared in the Daily Telegraph.
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Jill Wran sells 1930s Palm Beach retreat

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Restaurant entrepreneur John Szangolies and wife Heather have continued their Sydney property spree, this time spending $9.2 million in Palm Beach.
They have recently settled on the five bedroom, four bathroom Iluka Road waterfront.
Szangolies spent $16.2 million on Tivoli Villa, the former Rose Bay trophy home of "Melbourne Mick" Bartley in August last year.
The German born form nightclub owner is the founder and CEO of the Urban Purveyor Group, the largest restaurant group in Australia.
They own more than 26 award-winning and critically acclaimed dining and entertainment venues, including the Bavarian Bier Café chain and Fratelli Fresh.
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Restaurant entrepreneur John Szangolies buys in Palm Beach

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The Palm Beach apartment of Paspaley Pearl family's Roslynne Bracher sold for $1.95 million prior to auction. It was bought by Beth Hartley and John Kellow.
Roslynne is the daughter of Nicholas Paspaley, founder of Paspaley Pearls, the largest and oldest pearling company in Australia.
The three bedroom apartment was sold through LJ Hooker Palm Beach agent David Edwards.
Bracher purchased the property in 2003 for $900,000 and renovated the home with Thomas Hamel interiors. 
She was expecting $1.9 million plus for the apartment.
Roslynne and her sister Marilynne Paspaley rank among the country's wealthiest women.
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Palm Beach unit of Paspaley Pearl's Roslyn Bracher sold

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The mystery buyer of former ANZ banker Steve Bellotti's Palm Beach retreat are fellow Mosman residents, Kellie and Stew Bailey.
The bullish beachfront price has been revealed at $12.3 million.
Stew Bailey is best known having sold The Bailey Group, co-founded with his brother Matt, to the Photon Group for $36.8 million in 2004. He remained at Photon as managing director of the field marketing division. 
Bellotti and Bailey reputedly did the deal over dinner.
Bellotti, ANZ’s then managing director of global markets, had paid $8.4 million in 2011 to dentist Graham O'Neil for the 558-square-metre holding with an architect-designed two-storey, five-bedroom beach house complete with boat and watercraft storage area with hydraulic floor lift.
It ranks among the few Iluka Road properties with title to the high-water mark, whereas the other properties are mostly reserve frontage overlooking Pittwater.
Its latest sale ranks as the second highest sale on Iluka Road, still some way short of the $15 million street record set when Uncle Toby's founder, Doug Shear bought Anakela from the late grocer tycoon Jim Fleming and his widow Angela in 2007.
The highest sale in the interim was when AC/DC founding member Malcolm Young and his wife O'Linda spent $10 million in 2014.
Round on the oceanside, the Toohey hotelier family have finally sold their longtime Palm Beach weekender, Tigh na Mana.
It has been in the family for more than five decades, selling at a little less than its $3.95 million revised asking price through Christie's International.
Tigh na Mara, one of only 20 properties fronting Ocean Road, last traded for £19,000 in the early 1960s.
The family patriarch Vincent James Toohey - who built the original Time and Tide Hotel in Dee Why - secured 15 Ocean Road with his wife Irene.
The beach house on 900 square metres is directly opposite the sand.
More than $4.9 million had been initially sought. 
It was 1981 when the late Kerry Packer broke through the suburb's million-dollar threshold with his $1 million purchase from the MacCormick family. 
His daughter, Australia's newest billionaire Gretel Packer secured the Palm Beach retreat in the recent settlement that divvied up the assets from the family's vast fortune.
The bungalow on its well-shaded 4000 sqm beachfront reserve holding was transferred recently with a notional $24 million value.
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Bellotti buyer revealed

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The Melbourne model Megan Gale pulled her Palm Beach getaway from recent scheduled auction, unable to find any $3.5 million plus buyers in the somewhat over-saturated northern beaches market.
Gale has owned <a href="https://www.realestate.com.au/property-house-nsw-palm+beach-120894541" target="_blank">the two level Ralston Road property</a> since late 2006, buying it for $3.2 million in her mother May’s name.
There are 50 Palm Beach houses advertised on realestate.com.au.
Her five bedroom, five bathroom home was purchased after she returned from her seven-year modelling stint in Italy.
Offered with approval for an extension, its has been renovated over recent years.
Set in the shadow of the watertower, it has views to the Barrenjoey Lighthouse.
It was listed through Century 21 Avalon agent Stephanie Hammond with expectations of more than $3.5 million.
Any sale with see Gale empty her Sydney property portflio as Gale’s Tamarama property was sold in 2012 for $3 million, and her former Bondi Beach home sold in 2007 for $1,025,000.
This article was first published in the Sunday Telegraph.
 
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jchancellor-FAypfDUnLy

No buyer found for Megan Gale's Palm Beach getaway

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The former Palm Beach retreat of the bankrupted English venture capitalist Morten Weaver has been listed for mortgagee auction.
He didn't get to built a castle on the beach at <a href="https://www.realestate.com.au/property/1127-barrenjoey-rd-palm-beach-nsw-2108" target="_blank">1127 Barrenjoey Road</a>, unlike Koombahla, his prior hillside Palm Beach home which some called Osama bin Laden's hideaway given its Islamic influencers. 
Weaver, who was credited as making a $3.5 billion fortune for clients, had paid $5.5 million in 2006 with his late partner, when it was bought from Jonathan Cary, the New York-based investment banker. 
LJ Hooker listing agent David Edwards is telling buyers to expect $5 million plus at its September 3 auction.
Recent court proceedings heard the property had been valued at $4.8 million, which secured borrowings of some $5.8 million, with interest accruing at $36,000 per month.
The beachfront 1127 Barrenjoey Road property last traded with as yet unrealised development plans by architects Tobias Partners.
Overlooking the waters of Snapperman Beach, the property has title to the sand.
Weaver sold Koombahla to Chris and Amanda Athas of Surfection in 2005 for $5.9 million. Weaver had wanted about $7 million for his resort-like Koombahla, the Bynya Road 2400sqm hillside holding with a six-bedroom Michael Robilliard-designed house.
Morten Weaver was a longtime director of the Australian venture capital firm, Allaway Hawker Williams.
Prior to joining Allaway Hawker Williams he was part of the Silicon Valley start up team that took CBT Systems to a $2 billion NASDAQ listing in 1995.
He has given his most recent address as Chatswood in his bankruptcy paperwork to Nicholas Malanos at Worrells. He gives his occupation as unemployed.
He has also lived in Tasmania's northern midlands. 
This article was first published in the Saturday Daily Telegraph.
 
 
 
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Morten Weaver in Palm Beach mortgagee auction

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The former fashion designer Jodie Boffa and her ad executive husband Matt McGrath have downsized their Palm Beach retreat to a 1970s home close to the beach. 
They secured $7.2 million from the former mining executive Geoff Plummer and his wife Linda for their hillside double block.
Boffa and McGrath, chief brand officer at Network Ten, had bought the 1,770 square metre property in 1998 for $1.75 million
It became the holiday rental,The Paramount.
David Edwards, of LJ Hooker Palm Beach, secured the sale.
The couple have spent $3.7 million closer to the beach. <a href="https://palmbeach.ljhooker.com.au/2YWF6Z/26-palm-beach-road-palm-beach" target="_blank">It had been listed with $4.3 million hopes</a> late last year.
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Nearer the beach, but 70s Palm Beach downsize for Jodie Boffa and Matt McGrath

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Billbabourie, the redundant Palm Beach home set above the Bible Garden, has been sold by rag trader Bob Locke.
The 1950s home on 1037 square metres at 67 Pacific Road was bought by Locke in 2006 for $4.5 million. 
<a href="https://www.realestate.com.au/property-house-nsw-palm+beach-119515487">Glenn Lee of Raine &amp; Horne Palm Beach</a> secured the sale, but is under instructions not to reveal details.
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