Sydney off the plan apartments

National apartment developer <a href="https://www.apartments.com.au/developers/fortis" target="">Fortis</a> is seeking&nbsp;to upsize its latest Rose Bay apartment development on Ian Street.

Fortis, the development arm of financier and investment manager Pallas Group, initially filed plans for 12 apartments at 10-12 Ian Street in August last year. They are now seeking a redesign to add an additional 10 units, offering a more diverse mix of apartments.

The now $28 million development, designed by MHN Design Union, will be split into two buildings, each with its own lobby—13 units in one building and nine in the other.

While the original scheme featured almost exclusively three-bedroom apartments, the revised proposal includes a mix of two-, three-, and four-bedroom units.

<table>
	<thead>
		<tr>
			<th>&nbsp;</th>
			<th>Original Scheme (2024)</th>
			<th>Amended Scheme (2025)</th>
		</tr>
	</thead>
	<tbody>
		<tr>
			<td>Number of Apartments</td>
			<td>12</td>
			<td>22</td>
		</tr>
		<tr>
			<td>Apartment Mix</td>
			<td>1 x 2-bed, 11 x 3-bed</td>
			<td>6 x 2-bed, 14 x 3-bed, 2 x 4-bed</td>
		</tr>
		<tr>
			<td>Storeys</td>
			<td>5</td>
			<td>5</td>
		</tr>
		<tr>
			<td>Private Gardens</td>
			<td>Limited</td>
			<td>Included for select units</td>
		</tr>
		<tr>
			<td>Number of Lobbies</td>
			<td>1</td>
			<td>2</td>
		</tr>
		<tr>
			<td>Design Architect</td>
			<td>MHN Design Union</td>
			<td>MHN Design Union</td>
		</tr>
	</tbody>
</table>

Each of the apartments will feature either a balcony or a terrace, with several ground-level apartments enjoying access to private courtyard gardens.

The apartments will sit above two levels of basement parking.

<img alt="10-12 Ian Street, Rose Bay" data-entity-type="file" data-entity-uuid="f41c5d02-dcca-4dcc-ad33-476d78e3be2e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Ian%20Street%20site%20pers.png?VersionId=2vlNEtQoIs8QCt6DlaI4jaJ3mkKM.hLW" />

&nbsp;

The amended DA reflects a deepened commitment to high-quality urban infill housing in Rose Bay, the updated submission noted.

MHN Design Union has retained the building’s curved, classical form and warm-toned façade articulation while increasing the internal floor area distribution and introducing improved internal planning to meet SEPP65 and ADG standards.

“The building form has been tactically designed to follow the contour of the steep topography, which falls across the site," MHN Design Union's&nbsp;Design Verification Statement noted.

"Apartments have been strategically positioned to optimise solar access to all living spaces while considering the magnificent views and proximity to adjacent properties."

The building’s terraced massing and twin-lobby configuration help mitigate bulk and offer a more intimate residential scale, aligning with the emerging mid-rise character of Rose Bay under the state’s Low and Mid-Rise Housing policy.

<img alt="First look exclusive: Fortis plan new Rose Bay apartments" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-19%20at%2010.07.53%E2%80%AFAM.png?VersionId=CmFYfY66JlU5Si1O7sL2At2deQgcLIFW" />

This uptick in development mirrors a broader trend across Sydney’s Eastern Suburbs, where ageing housing stock and high land values are prompting a shift toward high-quality multi-residential offerings in well-connected, lifestyle-rich locations.

This project marks Fortis’ continued expansion in Sydney’s blue-chip eastern coastal corridor. Alongside Atlas in Rose Bay, the developer has delivered or launched apartments in Point Piper, Woollahra, Bronte, and Elizabeth Bay, where it recently unveiled Regency House.

Their developments typically target the downsizer market, offering larger internal footprints, private outdoor spaces, and design-forward architecture paired with premium finishes.

[smartcode_project_cta:default project_id=146328]

While the original scheme featured almost exclusively three-bedroom apartments, the revised proposal includes a mix of two-, three-, and four-bedroom units

Joel Robinson

First look: Fortis to go bigger at Ian St, Rose Bay

Fresh off the completion of The Clermont in <a href="https://www.apartments.com.au/developments/bellevue-hill-nsw-2023">Bellevue Hill</a>, boutique developer Concretive is now planning its next project in the same suburb.

They are set to demolish the 1970s-era Sharon Court, which sits on a 740 sqm block at <a href="https://www.urban.com.au/new-apartments/17-bellevue-park-road-bellevue-hill-nsw-2023">17 Bellevue Park Road</a>, adjoining Bellevue Park. In its place, they plan to deliver a $9.7 million, five-level development comprising nine apartments.

Seven of the nine apartments will feature three bedrooms. One one-bedroom and one two-bedroom apartment have also been proposed, with the two-bedroom residence located on the top floor. This unit will share the rooftop level with a 100 sqm communal rooftop terrace.

<img alt="17 Bellevue Park Road BELLEVUE HILL NSW 2023" data-entity-type="file" data-entity-uuid="8aa27ea8-ac01-492b-8789-f287af0bca7e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/bellevue%20site%20pers.png?VersionId=0.teXU8oEWWbkztTlCCwA0egfxSAuTdN" />

Designed by renowned architecture firm <a href="https://www.apartments.com.au/architects/mhn-design-union">MHN Design Union</a> (MHNDU), the building form is articulated with soft curves and extensive planting to echo the neighbouring tree canopy and parkland.&nbsp;Materials such as scalloped concrete, brick, and glass have been chosen for their durability and low-maintenance qualities, while also presenting a contemporary façade.

MHNDU said&nbsp;the site is located in a highly desirable area that is shifting to an increasingly higher proportion 
of medium-density living.

"The proposal is related to the desired future character of the area and will assist with the desired increase in density in this increasingly popular location," the submission to the Woollahra Council noted.

<img alt="17 Bellevue Park Road BELLEVUE HILL NSW 2023" data-entity-type="file" data-entity-uuid="bba49ce8-8360-4f4d-b669-e8a41fc6d707" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bellevue%20site.png?VersionId=Kxg0mCcydhCYNLT6fTcI7sG2sD3Y.hoq" />

Positioned at the end of a no-through road, 17 Bellevue Park Road directly adjoins Bellevue Park, offering a rare level of green outlook.&nbsp;The site, bought earlier this year, is opposite Bellevue Hill Public School and is also just 150 metres from Cooper Park.

The project marks Concretive's third project in Bellevue Hill. As well as The Clermont, the Pyrmont-based developer has completed&nbsp;<a href="https://www.urban.com.au/buildings/priv-21-23-riddell-street-bellevue-hill">Privé on Riddell Street</a>.

&nbsp;

The site, bought earlier this year, is opposite Bellevue Hill Public School and is also just 150 metres from Cooper Park.

First look: Parkside downsizer apartments pitched on Bellevue Park

ASX-listed developer Lendlease has secured approval for their new Sydney apartment project, <a href="/new-apartments/one-darling-point-darling-point-road-edgecliff-nsw-2027">One Darling Point</a>.

The circa $500 million project, which will sit on the border of Darling Point and Edgecliff, will comprise 41 two-, three-, and four-bedroom apartments, each with views of the&nbsp;Sydney Harbour or eastern views stretching from Double Bay to Vaucluse.

The design, by Australian architecture studio Tzannes,&nbsp;is distinguished by a publicly accessible through-site link, which thoughtfully integrates and celebrates the existing heritage-listed Commonwealth Bank building from 1941. The ground floor will feature a curated selection of retail, commercial, and hospitality spaces, seamlessly activating the streetscape.

A four-bedroom penthouse will crown the 17-level building, complete&nbsp;with a rooftop pool and a private terrace.

The project has been assessed under the NSW Government’s recently established in-fill affordable housing scheme and incorporates 15 per cent floor space dedicated to affordable housing for key workers. As a result, the development will include 18 one-, two-, and three-bedroom apartments for essential services workers in the education, healthcare, childcare, social and emergency sectors.

One Darling Point is being delivered in partnership with Mitsubishi Estate Asia (MEA), the sixth time the duo have worked together following projects One Sydney Harbour, Sydney Place, Melbourne Quarter’s East Tower, and One Circular Quay currently under construction.

Tom Mackellar, CEO Development Lendlease, said the NSW Government's new streamlined planning pathway has accelerated the approval process for One Darling Point.

"Development approval has been secured just five months after public exhibition enabling us to quickly move forward with the project, bringing new homes and jobs to Sydney.

“One Darling Point brings our renowned luxury residential experience to a prime location in Sydney’s East, and will deliver the highest standards of quality and design, alongside the expertise of Tzannes and Alexander &amp;CO.”

The joint venture partners bought the 1,748 sqm, 1 Darling Point Road site, last year from Anka Property Group, who after years of back and forth with the Woollahra Council, had secured an unprecedented uplift in height.

Tom Mackellar, CEO Development Lendlease, said the NSW Government's new streamlined planning pathway has accelerated the approval process for One Darling Point

First look: Lendlease secures approval for One Darling Point

<a href="/developers/charter-hall">Charter Hall</a>’s near-$1 billion Hyde Park tower proposal has secured crucial support from the City of Sydney’s planning committee, marking another step forward in reshaping Elizabeth Street.

The mixed-use project at <a href="/new-apartments/201-elizabeth-street-sydney-nsw-2000">201 Elizabeth Street</a>, on the corner of Park Street and opposite Hyde Park, has been under the spotlight since plans were lodged in late 2024. Now under assessment by the NSW Department of Planning for final determination, the 55-storey scheme combines hotel and residential components in one of the CBD’s most high-profile corners.

Pending final approval, demolition can commence on the existing Pacific Power Building, a 38-level office block originally completed in 1978. The 3,900 sqm site connects directly to Museum Station via underground pedestrian links - a strong locational advantage for future residents and hotel guests alike.

<img alt="Sydney skyline transformation to continue as Charter Hall pitch near-$1 billion skyscraper" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/201%20-%20217%20Elizabeth%20Street%2C%20Sydney.png?VersionId=wxmccer91Ts7gSOKSUID_tbf1mCPjyrJ" />

The $925 million development will deliver 441 hotel rooms across levels 1 to 11, with apartments starting from level 12 upwards. Buyers will have access to a genuine mix of apartment configurations: 67 one-bedders - a relative rarity in new Sydney CBD stock - along with 123 two-bedroom, 58 three-bedroom, and 16 four-bedroom apartments, a total of&nbsp;264 units.

The design by FJC Studio, selected through a competitive design process, breaks up the tower into three visually distinct sections to create what the architect describes as an "urban repair" along Elizabeth Street. The staggered forms aim to maximise views east over Hyde Park and north towards Sydney Harbour, while also reducing overshadowing across the parklands.

<img alt="Sydney skyline transformation to continue as Charter Hall pitch near-$1 billion skyscraper" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-04%20at%2010.15.05%E2%80%AFAM.png?VersionId=ADJyPnxYIZJ_vmEkQAw.zX3AS1jyaFAu" />

Sustainability is a focus, with plans targeting a 5-Star Green Star Buildings v1 rating, a 4-Star NABERS Hotel Energy rating, and a 3-Star NABERS Hotel Water rating. The building is also designed to exceed baseline BASIX standards.

Charter Hall’s proposal joins a cluster of major projects set to reshape this prime Hyde Park corridor. Just up the road, Central Element’s $100 million project at 271 Elizabeth Street will bring 53 apartments above new retail spaces, replacing the Hyde Park Inn hotel. Fife Capital has plans for a 17-level office and apartment redevelopment at 139 Elizabeth Street, further cementing the area’s shift towards a new mixed-use identity.

With its strategic location, diverse apartment mix, and integration of hotel amenities, Charter Hall’s project is expected to draw strong buyer and investor interest once it hits the market.

The $925 million development will deliver 441 hotel rooms and 264 apartments

City of Sydney backs Charter Hall’s $925m Hyde Park tower

Infrastructure developments, both public or private, always drive demand to the suburb in questions. And with increased demand comes price growth.

Auburn, a small multicultural suburb on the fringe of the Parramatta CBD, looks set to become the next Western Sydney hotspot for significant uplift. This momentum follows the NSW Government’s approval to redevelop Auburn Village—the central shopping precinct adjacent to the train station.

The proposed mixed-use development will feature three new residential towers comprising 359 apartments, above a fully redeveloped commercial and retail precinct that includes hospitality venues and a new public plaza.

The project is being hailed as a cornerstone in Auburn’s transformation into a connected, amenity-rich urban centre.

Cumberland Council’s planning framework has been pivotal in shaping the redevelopment. By promoting affordable housing and integrated mixed-use precincts, the council is actively fostering diversity, sustainability, and accessibility—all key drivers of growing interest in the surrounding residential areas.

Set to benefit from the lifestyle uplift brought by the upgraded transport hub and retail offering—as well as the expected appreciation in property values—are purchasers in <a href="/new-apartments/north-village-auburn-square-35-northumberland-road-auburn-nsw-2144">North Village</a>, the newly launched stage of Auburn Square by developer Tian An LFD.

[smartcode_project:default project_id=149184 project_image_fid=324855]

Following the successful sell-out of stage one across the road, Tian An recently launched North Village to strong demand, with 25 per cent of apartments sold at the public launch.

Ray White WS Projects Managing Director Mark Bernberg said interest in North Village is being fuelled by its central location, trusted delivery partners, and standout buyer protections.

[smartcode_project:default project_id=149184 project_image_fid=324853]

Designed by acclaimed architecture firm Rothelowman, the development will deliver 264 smart-tech enabled one-, two-, and three-bedroom apartments, along with a suite of resident amenities including a gym, cinema, and rooftop garden. A Coles supermarket will anchor the ground-floor retail space.

North Village, currently under construction by iCIRT-rated builder Binah, is expected to be completed by late 2027. It is also the only new development in Auburn to offer the highly sought-after 10-year Latent Defects Insurance, protecting purchasers against structural and waterproofing defects for a full decade after completion.

[smartcode_project_cta:default project_id=149184]

Set to benefit are purchasers in North Village, the newly launched stage of Auburn Square by developer Tian An LFD.

Growth slated for Auburn with shopping centre redevelopment greenlit

Sydney’s unit market continued its steady momentum in June, recording a 0.5 per cent rise in values, according to Cotality’s latest Home Value Index.

The strong performance outpaced the city’s housing market, which grew by 0.4 per cent over the same period.

This marks the third consecutive month of gains for Sydney units, bringing them back to a neutral position for 2025 after earlier declines earlier in the year. The median unit value now sits at $856,000.

While still below the 2021 peak, the consistent monthly growth suggests buyer confidence is returning—particularly in well-located, high-amenity areas. Buyers appear to be entering a rising market, even as interest rates trend downward.

On the rental front, unit rents in Sydney have risen 2.6 per cent over the past year, with gross yields sitting at 3.7 per cent—among the lowest of any capital city. However, historically low vacancy rates continue to support tight rental conditions, which may tighten further if migration increases in the second half of the year.

Developers will be monitoring this shift closely, as rising clearance rates and renewed interest at the upper end of the apartment market indicate a resurgence in both owner-occupier and investor demand for premium Sydney stock.

<hr data-end="1410" data-start="1407" />
<h3 data-end="1480" data-start="1412">What happened in Sydney’s off the plan apartment market in June?</h3>

Some of Sydney’s largest developers were active in June, and those bringing new projects to market are benefitting from limited competition.

Sekisui House Australia launched sales at Waterstone, its new St Leonards development adjacent to Newlands Park, to strong market interest.

[smartcode_project:default project_id=134191 project_image_fid=230]

One of the most enquired-about projects on Apartments.com.au in June, Waterstone will comprise 207 apartments oriented south towards the Sydney CBD.

The striking, landscape-integrated design was originally conceived by world-renowned Koichi Takada Architects, with TURNER appointed to complete the interiors following Sekisui’s acquisition of the prime Berry Road site.

[smartcode_project:default project_id=134191 project_image_fid=231]

A major focus of the design is its integration with the surrounding environment, with nearly 30 per cent of the site dedicated to communal open space.

The project will feature a north–south green spine and a landscape scheme by ASPECT Studios, providing strong links to Lane Cove Council’s St Leonards South masterplan, as well as nearby pocket parks, walking trails, and bushland reserves.

Read more: <a href="/news/nsw/sekisui-house-australia-launches-waterstone-in-emerging-st-leonards-south-precinct">Sekisui House Australia launches Waterstone in emerging St Leonards South precinct</a>

<hr data-end="2700" data-start="2697" />
Another successful sales launch came from PERIFA and joint venture partner Mitsubishi Estate Asia, who sold over 40 apartments at their Rozelle Village development.

Approximately $140 million in sales were achieved, largely to local owner-occupiers. Several premium three-bedroom residences sold for as much as $6.9 million.

[smartcode_project:default project_id=8142 project_image_fid=347021]

PERIFA Co-founder and Managing Director Fabrizio Perilli said the team was “thrilled with the level of interest in Rozelle Village."

"It demonstrates the strong demand for well-designed, high-quality homes in the Inner West, and the ongoing appetite we’re seeing for new housing across Sydney.”

Read more: <a href="/news/nsw/rozelle-village-achieves-strong-results-as-sales-officially-launch">Rozelle Village achieves strong results as sales officially launch</a>

<hr data-end="3483" data-start="3480" />
Developer The One Collection, in collaboration with leading builder Masscon, launched sales at Horizon in Hurstville—its latest acquisition and the final building in a four-stage precinct already home to a Woolworths supermarket and direct access to Kempt Field.

[smartcode_project:default project_id=149850 project_image_fid=278]

The precinct benefits from strong walkability, with a current Walk Score of 81—set to improve with the arrival of St Clair Lane, a new laneway precinct soon to be activated by hospitality, health, and lifestyle retailers.

Above the laneway, 179 one-, two-, and three-bedroom apartments are now available.

Read more:&nbsp;<a href="/news/nsw/horizon-brings-connected-parkside-living-to-hurstville-s-growing-centre">Horizon brings connected parkside living to Hurstville’s growing centre</a>

<hr data-end="4134" data-start="4131" />
<h2 data-end="4165" data-start="4136">On the planning front</h2>

Hyecorp was active once again in June. After submitting a State Significant Development Application for a 259-apartment project in Roseville in May, the developer has lodged plans for a 28-level tower at 37 Archer Street, Chatswood.

The tower, named Celine, will add 125 apartments to Hyecorp’s growing portfolio, which also includes Audrey in St Leonards—now nearing completion with only a few three-bedroom apartments remaining—and Juliet, a boutique 37-apartment project in Roseville.

Fuse Architects won the design competition for Celine, with the jury praising the proposal for its “strong response to the site context, the originality and thoughtfulness of the architectural approach, and the consideration of the broader Chatswood environment.”

Read more: <a href="/news/nsw/hyecorp-doubles-down-on-lower-north-shore-with-celine-chatswood-tower">Hyecorp doubles down on Lower North Shore with Celine, Chatswood tower</a>

In the same suburb, Loftex has sought to go higher with their tower on Help Street, triggering the additional height affording to developers who incorporate affordable housing into the apartment mix.

They've filed for a State Significant Development Application for a 35-level tower designed by EM BE CE on a central 2,290 sqm site near the&nbsp;<a href="/developments/chatswood-nsw-2067" target="">Chatswood</a>&nbsp;Interchange.

EM BE CE won the design competition for what was in 2022 a 127-unit, 27-level tower at 3-5 Help Street, besting&nbsp;schemes from&nbsp;<a href="/architects/kannfinch" target="">Kann Finch</a>&nbsp;and Nettleton Tribe.

The upscale plans will now see 160 apartments delivered, 32 of those being affordable housing.

Read more:&nbsp;<a href="/news/nsw/first-look-loftexs-chatswood-tower-goes-public-with-affordable-uplift">First look: Loftex's Chatswood tower goes public with affordable uplift</a>

<hr />
<h2>On the building front</h2>

Deicorp officially broke grounds on their upcoming East Zetland project, The Avenues, in June.

The 2.87-hectare site on Joynton Avenue, previously home to an Ausgrid depot, sits just four kilometres from the&nbsp;<a href="/developments/sydney-nsw" target="">Sydney</a>&nbsp;CBD and forms part of the broader Green Square renewal zone.&nbsp;

Once complete,&nbsp;<a href="/new-apartments/the-avenues-zetland-130-joynton-avenue-nsw-2017">The Avenues</a>&nbsp;will deliver 624 apartments across nine buildings, along with curated ground-floor retail, purpose-built student housing and build-to-rent dwellings delivered in partnership with Scape. It's one of the largest developments to be launched in&nbsp;<a href="/developments/sydney-nsw" target="">Sydney</a>’s inner south in recent years, and one that takes a layered approach to scale, tenure and architecture.

Read more:&nbsp;<a href="/news/nsw/deicorp-to-break-ground-on-the-avenues-zetland-masterplan">Deicorp to break ground on The Avenues, Zetland masterplan</a>

Time &amp; Place, and joint venture partner NPACT, also kicked off construction in June, at their new Manly project, Two Tides.

<a href="/builders/ultra-building-co">ULTRA Building Co.</a>&nbsp;will deliver the&nbsp;five-level, $100 million coastal development that will complete in Q2 2027.

[smartcode_project:default project_id=141371 project_image_fid=833]

<a href="/new-apartments/two-tides-manly-9-raglan-street-manly-nsw-2095">Two Tides</a>, on a gateway site at 9 Raglan Street, will comprise 24 luxury apartments above&nbsp;an activated ground-floor retail space, intentionally designed to enhance the local Manly streetscape and seamlessly integrate with the strong existing retail offering that services the area’s daily foot traffic, surrounding businesses, and residents.&nbsp;

Read more:&nbsp;<a href="/news/nsw/time-place-kicks-of-construction-at-two-tides-manly-with-half-of-the-apartments-sold">Time &amp; Place kicks of construction at Two Tides Manly with half of the apartments sold</a>

What happened in Sydney’s off the plan apartment market in June?

City Beat June 2025: Sydney units continue quiet comeback as new project launches capture off the plan demand

Sydney developer Deicorp has received planning approval from the Department of Planning, Housing and Infrastructure for <a href="/new-apartments/kings-bay-village-53-75-queens-road-five-dock">Kings Bay Village</a>, a $1.8 billion mixed-use precinct set to reimagine three hectares of underutilised land in Five Dock.

The State Significant Development will breathe new life into the Parr​amatta Road Corridor, delivering 1,185 new homes — including 218 affordable dwellings for essential workers — along with 6,500 sqm of public open space, and 14,700 sqm of vibrant retail and commercial offerings.

<img alt="Five Dock" data-entity-type="file" data-entity-uuid="53daf36e-db2d-47cb-b885-13d345b80e5b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-07-02%20at%209.25.11%E2%80%AFAM.png?VersionId=v1Nb2by77n7ftY9gpTzPOQnibeZ9bD_z" />

Designed by award-winning architects TURNER, Kings Bay Village is inspired by the area’s industrial legacy, blending classic brick facades and distinctive rooflines with modern urban form.

The precinct will feature six buildings of varying heights that offer&nbsp;views of Kings Bay, Iron Cove and the Sydney CBD.

Positioned just minutes from the future Five Dock Metro Station, Kings Bay Village is the first major urban renewal project supporting the NSW Government and City of Canada Bay Council’s bold vision for the Parramatta Road Corridor, and will contribute over 23 per cent of the Council’s 2029 housing target of 5,000 new homes.

In addition, Deicorp is committing more than $80 million to fund upgrades to local infrastructure, including more than $10 million public domain works, delivering new pedestrian laneways, an activated streetscape, and a 2,290 sqm landscaped park and civic plaza — designed to become the social heart of the community.

<img alt="Kings Bay" data-entity-type="file" data-entity-uuid="e9b9502c-c0e6-41b6-8eed-1baf4318e896" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-07-02%20at%209.25.20%E2%80%AFAM.png?VersionId=R0GYVKepcAG9J76yDB06IMOh0CVTBEj9" />

Deicorp Chairman, Fouad Deiri OAM, said it was an honour to have Kings Bay Village endorsed as a State Significant Development.

“This project represents everything Deicorp stands for — considered design, community impact, and delivering homes where they’re needed most,"&nbsp;Deiri said.

“We’re proud to be the first major development to support the NSW Government and City of Canada Bay’s vision for the Parramatta Road Corridor, and by delivering new parks, pedestrian links and plazas, we will create lasting value not just for residents, but for the entire Five Dock community."

The Parramatta Road Corridor is set to play a vital role in Sydney’s future, serving as a central artery that links the city’s two major CBDs — Sydney in the east and Parramatta in the west.

As one of Sydney’s most active developers, Deicorp’s pipeline continues to grow, with around $3 billion worth of projects set to launch to market across the remainder of the year. To date, Deicorp has designed, developed and delivered over 12,000 apartments across 40 Sydney suburbs.

Deicorp Chairman, Fouad Deiri OAM, said it was an honour to have Kings Bay Village endorsed as a State Significant Development.

Deicorp approved for $1.8 billion Kings Bay Village, Five Dock precinct

Mosman is undergoing a residential renaissance, with a wave of mid-rise developments reshaping the suburb’s future.

The latest proposal comes from Metis, a newly launched and fast-growing strategic property development advisory firm founded by industry veterans Jeffrey Curnow, Arian Galanis, and Nicholas Madgwick.

Metis plans to demolish five houses across a consolidated 1,961 sqm site spanning 93–101A Awaba Street to make way for a new six-storey building. The development will feature 29 two- and three-bedroom apartments and a two-level basement with 58 car spaces.

Designed by Cox Architecture, the building responds to Mosman’s distinctive topography and character.

"Our vision is to create an elegant and timeless building that will contribute to the neighbourhood vitality while being one of the first to embrace a future built form vision for Mosman," Cox noted in their submission to the local council.

"We draw our inspiration from the Heidelberg School and their transformative presence at Camp Curlew in Mosman. We aim to reflect their keen interest in transient light and its quality and effect on materials and colours. With an emphasis on a high quality and natural material and colour palette that is complimentary to local natural surroundings and architectural fabric."

The elevated corner site, with its steep fall, will offer upper-floor residents sweeping views of Middle Harbour. Landscaped courtyards, deep soil planting, and EV charging points in the basement reflect the project’s eco-conscious ethos.

<img alt="Mosman" data-entity-type="file" data-entity-uuid="1b5acfff-9717-45f5-90d2-a8a3c7b60291" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-07-01%20at%209.49.57%E2%80%AFAM.png?VersionId=acK4aSTN49fq5qEVtjhHd_mtANrbJ5ij" />

The Awaba Street development is part of a broader shift driven by NSW Government planning reforms, including the Low and Mid-Rise Housing Policy. This policy has earmarked areas of Mosman—particularly those within walking distance of Spit Junction—as suitable for medium-density housing. Just 383 metres from the town centre, the site qualifies for increased density and will reach the 22-metre height limit permitted under the policy.

The project adds to a growing list of luxury developments transforming Mosman. Notable projects include Prosker's <a href="/new-apartments/redan-lane-mosman-22-redan-street-mosman-nsw-2088">Redan Lane</a> development on the Balmoral slopes and DARE Property Group’s upcoming <a href="/new-apartments/twenty88-mosman-696-706-military-road-mosman-nsw-2088">Twenty88</a>—a mixed-use development featuring 27 apartments above a revitalised retail precinct on Military Road, set to launch later this year.

The Awaba Street development is part of a broader shift driven by NSW Government planning reforms, including the Low and Mid-Rise Housing Policy

First look: Mosman gentrification to continue with new Awaba St apartments

While the CBD defines the heart of Sydney, its character shifts from block to block.

Whether it's the harbourfront at Circular Quay with views of the Opera House and Harbour Bridge, or the southern end near Chinatown and Central Station, no two streets are the same. Each pocket offers something different—particularly for the growing number of people calling the city centre home.

The latest addition to Sydney’s new apartment pipeline is <a href="/new-apartments/sydney-house-194-204-pitt-street-sydney-nsw-2000">Sydney House</a>, a joint venture between First Sponsor and ICD Property. The project will redevelop the historic City Tattersalls building, a landmark site near the corner of Pitt and Market Streets since it was designed by architects Sherin and Hennessy and constructed in 1891 by Paddington builder Archibald Truehope.

[smartcode_project:default project_id=12428 project_image_fid=312149]

<a href="/new-apartments/sydney-house-194-204-pitt-street-sydney-nsw-2000">Sydney House</a> presents a new chapter for the location, with construction well advanced to create a 55-level mixed-use tower comprising 241 premium apartments positioned above a new 135-room boutique hotel. BVN Architecture has led the design of the tower, which will rise above the retained heritage podium. That podium, to be carefully restored by FJC Studio, will house a collection of high-end hospitality venues once complete.

<h2 data-end="1042" data-start="993">A central CBD location amid a precinct revival</h2>

<a href="/new-apartments/sydney-house-194-204-pitt-street-sydney-nsw-2000">Sydney House</a> is positioned in one of the city’s most walkable and connected locations, within minutes of major employment hubs, public transport, and retail landmarks including the Queen Victoria Building, Pitt Street Mall and the Strand Arcade.

Pitt Street Mall is consistently named in the top 10 most expensive retail strips in the world, further reinforcing the precinct's significance as a premier commercial and lifestyle destination in the Sydney CBD.

[smartcode_project:default project_id=12428 project_image_fid=312147]

The project is also situated just a few minutes’ walk from Gadigal Metro Station and Martin Place, placing residents within reach of the wider Sydney metro network, including Barangaroo and North Sydney.

The broader Pitt, King and Castlereagh Streets corridor is currently undergoing significant revitalisation, with improved public realm, increased pedestrian activity, and a shift toward mixed-use living and working. <a href="/new-apartments/sydney-house-194-204-pitt-street-sydney-nsw-2000">Sydney House</a> is set to be one of the few high-rise residential buildings delivered within this historic part of the city.

<h2 data-end="1874" data-start="1835">Amenity and culture at the doorstep</h2>

The development is surrounded by some of Sydney’s most prominent cultural and lifestyle institutions. Hyde Park, the Royal Botanic Gardens and Circular Quay are all within walking distance, along with major theatres, dining precincts and luxury retail brands.

[smartcode_project:default project_id=12428 project_image_fid=350624]

Residents will have direct access to some of the city’s most iconic streetscapes, as well as close proximity to key venues including the Sydney Opera House, Art Gallery of New South Wales and the State Theatre.

<h2 data-end="2405" data-start="2349">A building with dual purpose and long-term ownership</h2>

“We set out to create more than just a beautiful building - we envisioned a lifestyle,” said a spokesperson for First Sponsor and ICD Property.

“The <a href="/new-apartments/sydney-house-194-204-pitt-street-sydney-nsw-2000">Sydney House</a> vision is about delivering a building that provides a sanctuary in the heart of the Sydney CBD. Residents can choose to stay indoors and enjoy panoramic harbour views, dine within the building's restored lower bar, or stroll around the neighbourhood at their leisure. To us, <a href="/new-apartments/sydney-house-194-204-pitt-street-sydney-nsw-2000">Sydney House</a> exemplifies a lifestyle of convenient luxury.

"We hold in high regard this exceptional opportunity to bring&nbsp;<a href="/new-apartments/sydney-house-by-city-tattersalls-club-194-204-pitt-street-sydney">Sydney House</a>&nbsp;to fruition, in which we target to retain long-term ownership of the hotel and heritage podium. This enduring commitment not only reflects our confidence in the success of the development but also our deep pride in its legacy.”

[smartcode_project:default project_id=12428 project_image_fid=312146]

<a href="/new-apartments/sydney-house-194-204-pitt-street-sydney-nsw-2000">Sydney House</a> will deliver 241 residences—across one-, two- and three-bedroom layouts—positioned above a 135-room boutique hotel that will be owned and operated by First Sponsor. The hotel includes a restored heritage bar and restaurant space at street level, designed to activate the corner of Pitt and King Streets.

The project has been designed to provide hotel-style amenities to residents, with services such as concierge, wellness spaces and meeting rooms available throughout the lower podium and shared zones. This co-location model reflects a broader global trend of integrating branded residential living within luxury hospitality settings.

With construction underway, <a href="/new-apartments/sydney-house-194-204-pitt-street-sydney-nsw-2000">Sydney House</a> is expected to be completed in Q4 2027.

[smartcode_project_cta:default project_id=12428]

“We set out to create more than just a beautiful building - we envisioned a lifestyle,” said a spokesperson for First Sponsor and ICD Property.

"More than just a beautiful building": How Sydney House aims to elevate its residents' lifestyle

Joint venture partners <a href="/developers/time-place">Time &amp; Place</a> and NPACT have kicked off construction at Two Tides, their new Manly apartment development.

<a href="/builders/ultra-building-co">ULTRA Building Co.</a>&nbsp;will deliver the&nbsp;five-level, $100 million coastal development that will complete in Q2 2027.

[smartcode_project:default project_id=141371 project_image_fid=832]

<a href="/new-apartments/two-tides-manly-9-raglan-street-manly-nsw-2095">Two Tides</a>, on a gateway site at 9 Raglan Street, will comprise 24 luxury apartments above&nbsp;an activated ground-floor retail space, intentionally designed to enhance the local Manly streetscape and seamlessly integrate with the strong existing retail offering that services the area’s daily foot traffic, surrounding businesses, and residents.&nbsp;

Above the ground floor with sweeping views over <a href="/developments/manly-nsw-2095">Manly</a>’s beachfront, Two Tides brings to market 15 two-bedrooms priced from $2.95 million and sized from 93 sqm to 103 sqm, six three-bedrooms priced from $4.5 million and sized from 121 sqm to 134 sqm, with three crown jewel penthouses (POA) spread across the top floor reaching up to 300 sqm.

Nearly half of the apartments have been snapped up, predominantly by locals.

“Two Tides has clearly resonated with Manly locals, which validates the work we’ve done to shape a project that feels deeply in tune with its surroundings," said&nbsp;Evan Papadopoulos, Director at Time &amp; Place.

"This isn’t just a site we’re building on – it’s a neighbourhood we live in, are connected to, and deeply care about. We’re proud to be delivering homes for people who already call this place home.”&nbsp;

[smartcode_project:default project_id=141371 project_image_fid=837]

Designed by <a href="/architects/sjb-architects">SJB Architects</a>, Two Tides draws inspiration from Manly’s laid-back sophistication, embracing natural materials and soft coastal tones that reflect the surrounding environment.&nbsp;

With construction now underway and strong early sales results, Two Tides signals Time &amp; Place’s long-term commitment to the Northern Beaches region and follows the developer’s acquisition of a second Manly site, <a href="/new-apartments/101-north-steyne-manly-nsw-2095">101 North Steyne</a>, which is currently in early planning stages.

[smartcode_project_cta:default project_id=141371]

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