Develotek list Chatswood site with $250 million hopes

Develotek list Chatswood site with $250 million hopes
Staff reporterDecember 17, 2020

The Sydney developer Develotek is selling a 5420sq m Chatswood site with $250 million hopes.

The site includes houses at 51-61 Archer Street, 30-32A Bertram Street and 34 Albert Avenue.

Knight Frank are handling second-round expressions of interest, with a likely deal to be closed by January, according to Fairfax Media.

It is being marketed as "The Bertram", with the prospect of 400 apartments in a 90-metre tower. There is a heritage cottage which will be restored.

Develotek, which has a history of door-knocking owners of private properties to put together large residential sites, amalgamated 38 properties in 2015 for a proposed 700 apartments at Granville.

It is understood Develotek has options over the privately owned Chatswood properties, eight houses and 12 townhouses.

Editor's Picks

InterContinental Hotel, Double Bay, to become $1 billion lifestyle precinct
Osprey Safety Beach: Rare harbourside living on Melbourne's Mornington Peninsula
Decode kicks off construction at Castle Hill’s largest residential masterplan, Carrington Place
Morris complete 10th Broadbeach apartmenet development, Malo, as buyers prepare to move in
"A once-in-a-lifetime opportunity": Don O'Rorke discusses the Monarch Residences Penthouse Collection