Falcon & Alexander - 8 Alexander Street, Crows Nest

The Five Ways project is located around 350 metres from the new Crows Nest Metro Station, and with an active ground floor retail precinct, it will help revitalise the southern edge of the Crows Nest town centre

Deicorp’s latest Metro-connected project has been granted approval from the Independent Planning Commission (IPC), giving the burgeoning develop the green light to push on with 188 apartments in Crows Nest.&nbsp;

The 22-level building, which includes a three-storey podium with ground-floor retail and commercial space, will be built on the prominent Pacific Highway site known as The Five Ways.&nbsp;

The application for the project, known as <a href="https://www.urban.com.au/new-apartments/falcon-alexander-8-alexander-street-crows-nest">Falcon &amp; Alexander</a>, was lodged in April 2024 and assessed by the NSW Department of Planning, receiving a recommendation for approval in November. However, as the local council objected, the matter was required to be determined by the IPC.&nbsp;

The IPC invited submissions from the community as part of its determination, with 20 submissions received, including nine objections and 11 in support. &nbsp;

<img alt="Faclon &amp; Alexander" data-entity-type="file" data-entity-uuid="416f83c7-e10e-4de4-98a1-7269eee0dcce" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-01-07%20at%2012.29.27%E2%80%AFPM.png?VersionId=el87Bo4ahmomkN2SNOhqiPWBBi3TxDVC" />

The Five Ways project is located around 350 metres from the new Crows Nest Metro Station, and with an active ground floor retail precinct, it will help revitalise the southern edge of the <a href="https://www.urban.com.au/developments/crows-nest-nsw-2065">Crows Nest</a> town centre.&nbsp;

<a href="https://www.urban.com.au/architects/turner-studio">Turner Studio</a> won the Design Excellence competition with their design being selected by the jury as the most desirable.&nbsp;

Deicorp’s founder Fouad Deiri said he was pleased with the outcome, and the work of the Department of Planning to support the application, despite opposition from North Sydney Council.&nbsp;

“We have been working for over five years to achieve approval on this site, including three separate planning proposals and a subsequent State Significant application,” Deiri said.&nbsp;

“The time it has taken to secure approval for this project highlights the difficulties the development industry faces in trying to build homes in Sydney. &nbsp;

“A community survey we undertook as part of the consultation process demonstrated a majority of residents in the area were either in favour of the project or neutral towards it.&nbsp;

“A significant majority of residents surveyed supported the substantial Affordable Housing within &nbsp;the project and the new retail precinct being provided.”&nbsp;

<img alt="Falcon" data-entity-type="file" data-entity-uuid="eebd8543-6452-4930-a340-201b84a448e2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-01-07%20at%2012.29.38%E2%80%AFPM.png?VersionId=R6KFfA6Vxa7EFra5k9JHDXXrBe.Rpqi5" />

Findings by the research and engagement firm Notting Hill Advisory revealed a significant portion of households polled in four key development hubs across Sydney, including the North Sydney local government area (LGA), were favourable to new housing located close to public transport and delivered with good amenity outcomes.&nbsp;

In the North Sydney LGA, where the Crows Nest development is located, 64 per cent of the residents surveyed also agreed the provision of affordable housing would benefit the community. There are 48 affordable housing units in Falcon &amp; Alexander.

The Five Ways approval adds to another recent significant project consent <a href="https://www.urban.com.au/developers/deicorp">Deicorp</a> received in December, with their <a href="https://www.urban.com.au/news/nsw/first-look-exclusive-deicorp-submit-plans-for-joynton-square-mixed-use-zetland-precinct">Joynton Ave Zetland site</a> being signed off by the Central Sydney Planning Committee. Joynton Ave includes 574 apartments across nine buildings and a contribution of $28 million for Affordable Housing.

Deicorp expects to start construction on over 3,000 apartments in 2025.

Joel Robinson

Deicorp approved for Falcon & Alexander, Crows Nest new apartment development

In this article, we explore where, what, and who is driving the most exciting new developments coming to Sydney in 2025.

Sydney's top new apartment developments launching in 2025

Whether it's beachfront Manly or higher density in the growing activity zones of Crows Nest and St Leonards, Sydney's North Shore market is booming.

The market has been buoyed by a mix of record sales, low supply, and new transport connections thanks to the recent opening of the NSW Government's $21 billion Metro line that dissects the likes of North Sydney, Crows Nest, and Chatswood.

With only a few months left of 2024, we've looked ahead to 2025 as to what's set to come to the market in the North Shore.

<h2>Who: Cbus Property &amp; Galileo</h2>

<h2>What: East Walker Residences; 258 apartments</h2>

<h2>Where: North Sydney</h2>

<a href="https://www.urban.com.au/developers/cbus-property" target="">Cbus Property</a> and joint venture partner Galileo will take to market <a href="https://www.urban.com.au/new-apartments/east-walker-street-north-sydney-173-179-walker-street-north-sydney-nsw-2060">East Walker Residences</a>, their new <a href="https://www.urban.com.au/developments/north-sydney-nsw-2060">North Sydney</a> development in 2025.

The towers, designed by&nbsp;<a href="https://www.urban.com.au/architects/rothelowman" target="">Rothelowman</a>, will home 258 one, two, three and four-bedroom apartments on the prime 3,950 sqm site across&nbsp;173-179 Walker Street and 11-17 Hampden Street.

The tallest building will rise 30 levels and home 161 apartments, while the smaller building will have the remaining 67.

<img alt="First look exclusive: Cbus and Galileo revise plans for new North Sydney apartment development" 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/Screenshot%202024-07-11%20at%204.47.10%E2%80%AFAM.png?VersionId=5Yoe1XDt4w_3flgagSB5ejSCn80ZksY_" />

There is a third building proposed on the large site, a small five-level building connected to Hampden House. That will have a handful of apartments and a rooftop lap pool.

The most recent application, lodged earlier this year, represents the latest iteration in the site's development, which has undergone two previous concept designs.&nbsp;

Local architecture and design firm fjmtstudio designed the 2022 plans, after SJB had had a crack on behalf of Avenor, who sold the site to CBUS and Galileo for around $150 million in 2021.

Read more: <a href="https://www.urban.com.au/news/nsw/first-look-exclusive-cbus-and-galileo-revise-plans-for-new-north-sydney-apartment-development-east-walker-street">First look exclusive: Cbus and Galileo revise plans for new North Sydney apartment development</a>

<h2>Who: One Global Capital</h2>

<h2>What: Over 300 apartments&nbsp;</h2>

<h2>Where: Macquarie Park</h2>

Iwan Sunito is lining up the first launch of his newly named development company,&nbsp;<a href="https://www.urban.com.au/developers/one-global-capital">One Global Capital</a>.

Sunito, who founded Crown Group, is taking what he knows to <a href="https://www.urban.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a>&nbsp;where he'll be launching a three-tower project at some point next year.

The buildings, across 7-11 Lachlan Avenue and 157-159 Herring Road, will home just over 300 apartments, as well as an activated street level with retail and hospitality venues.&nbsp;

<img alt="First look: Koichi Takada designs Iwan Sunito's One Global Residences development in Macquarie Park" 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/Screenshot%202023-02-22%20at%208.04.10%20am.png?VersionId=XQB9iWbH6rsjNb7jqQrOqyQfQmbFdXW5" />

There will be 35 studio apartments, which take up just over 10 per cent of the building. The majority of apartments will be two-bed (149 apartments, 49 per cent), while there will be 60 one-bed and 60 three-bed dwellings (20 per cent).

There will be a handful of 'Plus' apartments, which will feature a dedicated study space, responding to the rising trend of working from home.

One of the towers will feature a range of amenities, including indoor and outdoor recreation spaces and a swimming pool, set in landscaping and rooftop gardens. There will be play areas for children and barbecue areas.

Read more: <a href="https://www.urban.com.au/news/nsw/first-look-koichi-takada-designs-iwan-sunitos-one-global-residences-development-in-macquarie-park">First look: Koichi Takada designs Iwan Sunito's One Global Residences development in Macquarie Park</a>

<h2>Who: Deicorp</h2>

<h2>What: 129 apartments</h2>

<h2>Where: Crows Nest</h2>

Earlier this year&nbsp;<a href="https://www.urban.com.au/developers/deicorp">Deicorp</a>, one of Sydney's most active apartment developers, secured approval for its 16-storey mixed-use project at the Five Ways Junction in&nbsp;<a href="https://www.urban.com.au/new-apartments/crows-nest-nsw-2065">Crows Nest</a>.&nbsp;

Dubbed <a href="https://www.urban.com.au/new-apartments/falcon-alexander-8-alexander-street-crows-nest">Fiveways</a>, the 16-level building will home 129 apartments designed by <a href="https://www.urban.com.au/architects/turner-studio">Turner Studio</a>.

<img alt="Deicorp secure gazettal approval for Fiveways Junction, Crows Nest " 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/Crows%20Nest%20Fiveways%20Junction.png?VersionId=xRkakwgnaF87Ptzz0AfySNqAz1RCYJ3x" />

The first three levels of the project will be a podium with 8,000 sqm of commercial space. The seven basement levels will home 247 car spaces.

The project, at 391-423 Pacific Highway, is located just minutes from Crows Nest Metro Station.

Read more: <a href="https://www.urban.com.au/news/nsw/deicorp-secure-gazettal-approval-for-falcon-alexander-crows-nest-apartment-development">Deicorp secure gazettal approval for Fiveways Junction, Crows Nest</a>

<h2>Who: DARE Property Group</h2>

<h2>What: 27 apartments</h2>

<h2>Where: Mosman</h2>

The Avidan family is back at it, this time debuting in Sydney's Lower North Shore.

<a href="https://www.urban.com.au/developers/dare-property-group">DARE</a> Property Group, led by developer Danny Avidan, is set to bring in a new era of shoptop housing to the Lower North Shore's most affluent suburb.

Earlier this year DARE secured a prime 1,286 sqm, triple site at 696, 700 and 706 Military Road, in the heart of Mosman.

The site will soon be home to a fresh new building designed by <a href="https://www.urban.com.au/news/dko-architecture-on-the-changing-face-of-hotel-design" target="">DKO Architecture</a>&nbsp;who says the proposal considers Mosman’s eclectic character, materiality and colour along Military Road and heritage surrounds.

<img alt="First look exclusive: Established luxury developer Dare Property Group plants a flag in Mosman" 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/Screenshot%202024-07-24%20at%202.54.16%E2%80%AFPM.png?VersionId=LQ_0CayuBOGvWGXxM8yTubG8eWuwLjyU" />

The plan is for 27 apartments above a revived street-level retail. There will be one, two and three-bedroom largescale apartments on offer.

The apartments wrap around a central courtyard which DKO says is a key feature for the project and a point of difference for the development's community.

Read more:&nbsp;<a href="https://www.urban.com.au/news/nsw/first-look-exclusive-established-luxury-developer-dare-property-group-plants-a-flag-in-mosman">First look exclusive: Established luxury developer Dare Property Group plants a flag in Mosman</a>

<h2>Who: Time &amp; Place</h2>

<h2>What: 24 apartments</h2>

<h2>Where: Manly</h2>

Sydney and Melbourne property developer, <a href="https://www.urban.com.au/developers/time-place">Time &amp; Place</a>, will be looking to launch its luxury Manly development to the market next year, having been given the green light earlier this year.

They have approval for a five-level,&nbsp;$100 million development with 24 apartments at 35-43 Belgrave Street, near&nbsp;<a href="https://www.urban.com.au/developments/manly-nsw-2095">Manly</a>&nbsp;Beach.

<img alt="Time &amp; Place secure approval for debut Manly apartment development" 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/Screenshot%202024-08-01%20at%205.54.05%E2%80%AFPM.png?VersionId=Tgoo6de3Le85JR4ME16LBfSnADCVnuJ6" />

Designed by <a href="https://www.urban.com.au/architects/sjb-architects">SJB Architects</a> to target local downsizers and rightsizers, the development primarily aims to appeal to residents who have lived in Manly for many years and want to stay in the suburb.

The two and three-bedroom apartments will sit above ground-floor retail. Time &amp; Place is currently in active conversations with a local favourite retailer to occupy the ground floor retail space.

Read more:&nbsp;<a href="/news/nsw/time-place-secure-approval-for-two-tides-manly-apartment-development">Time &amp; Place secure approval for debut Manly apartment development</a>

<h2>Who: PB &amp; Co</h2>

<h2>What: 10 apartments</h2>

<h2>Where: Kurraba Point</h2>

Luxury Melbourne developer,&nbsp;<a href="https://www.urban.com.au/developers/pb-co">PB &amp; Co</a>, will also make its Sydney debut next year, on arguably one of the best development sites in the North Shore.

In 2021 they secured a prime waterfront site at 184b-190 Kurraba Road,&nbsp;<a href="https://www.urban.com.au/developments/kurraba-point-nsw-2089">Kurraba Point</a>,&nbsp;before engaging&nbsp;renowned architect Koichi Takada put plans together for just 10 residences across the 4,200 sqm block which slopes down to the water.

<img alt="First look exclusive: PB &amp; Co reveal Koichi Takada plans for &quot;one-of-a-kind&quot; Kurraba Point development" 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/Screenshot%202022-11-14%20at%2010.16.29%20am.png?VersionId=5OF3ypWPmVeWBJMhSni1fwX4x0Xao0sS" />

There will be just six luxury apartments, four three-bed and two four-bed apartments, on the street side of the block. They've been tiered to overlook Shell Cove. Then closer to the water will be four dual occupancy residences.&nbsp;

A conscious effort has gone in for the project to be highly sustainable. Not only has the project been designed carbon neutral, but it will operate carbon-neutral too.&nbsp;

"This project will lead the way in the luxury housing market and support the New South Wales state government objective to achieve carbon neutrality by 2050," Michael Pesochinsky, co-founder of PB &amp; Co., told Urban.

Read more:&nbsp;<a href="https://www.urban.com.au/news/nsw/first-look-exclusive-pb-co-reveal-koichi-takada-plans-for-one-of-a-kind-kurraba-point-development">First look exclusive: PB &amp; Co reveal Koichi Takada plans for "one-of-a-kind" Kurraba Point development</a>

<h2>Who: Coronation Property</h2>

<h2>What: 130 apartments</h2>

<h2>Where: Chatswood</h2>

Prominent Australian builder-developer,&nbsp;<a href="https://www.urban.com.au/news/coronation-property-launches-its-first-release-in-merrylands-development-mason-main" target="">Coronation Property</a>, is expected to launch its new $200 million&nbsp;mixed-use development in Chatswood next year.

Located at 57-61 Archer Street, the site sits in the centre of the suburb and across the road from key amenities including Westfield Chatswood and Chatswood Chase.

<a href="https://www.urban.com.au/news/coronation-property-launches-its-first-release-in-merrylands-development-mason-main" target="">Coronation Property</a>&nbsp;will utilise the connected site to deliver a mixed-use precinct with around 2,000 sqm of retail space and 130 apartments.

[smartcode_project:default project_id=29796 project_image_fid=267349]

On the site acquisition back in 2022,&nbsp;Coronation's&nbsp;Head of Urban Transformations,&nbsp;Aras Labutis, said the purchase represented an important milestone for the company as they continue to focus on mixed-use sites around Sydney.

“The Chatswood site presented a unique opportunity for Corontion Property to contribute to what we see as one of Sydney’s fastest-growing precincts,"&nbsp;Labutis said.

"With the State and&nbsp;<a href="https://www.urban.com.au/developments/willoughby-nsw-2068">Willoughby</a>&nbsp;Councils committed to further developing Chatswood as a major employment and residential hub, we are excited to respond to the demand for more housing in the area and build upon an already highly sought-after community.”

The top seven new North Shore apartments expected to launch in 2025

Prominent Sydney developer Deicorp has secured approval at three of its most significant landholdings in Melrose Park, Parramatta and Crows Nest.

The three projects, expected to launch this year, will contribute over 1,200 apartments to the undersupplied Sydney apartment market.

The Melrose Park precinct, a $700 million joint venture with PAYCE, will be the largest project Deicorp handle. It is set to include six Turner Studio-designed buildings ranging from six to 24 storeys.

They'll in essence be creating a new town centre, with the near 500 apartments sitting atop&nbsp;a five-storey commercial podium, spanning 30,000 sqm and accommodating offices, retail spaces and medical and childcare facilities.&nbsp;

<img alt="Deicorp PAYCE" data-entity-type="file" data-entity-uuid="acb397ae-7df9-488f-839d-f6c11cf74462" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-22%20at%208.21.06%20pm.png?VersionId=lyAIIAOS1pS2a0pP7wb8uEDzlujGH586" />

The majority of the apartments are two-beds (70 per cent) while there will be around 25 per cent of one-bedders and under 10 per cent three-bedroom apartments.

&nbsp;

The development will also offer 1412 commercial and residential parking spaces and will be executed in two stages.&nbsp;

Plans for Melrose Park were submitted to the City of Parramatta in September 2022, marking the beginning of the transformation of the industrial 55-hectare area into a high-density mixed-use and residential precinct.&nbsp;

Read more:&nbsp;<a href="https://www.urban.com.au/news/nsw/deicorp-and-payces-melrose-town-centre-plans-revealed">Deicorp and PAYCE's Melrose Town Centre plans revealed</a>

&nbsp;

The Cosmopolitan project, the second approved project for <a href="https://www.urban.com.au/developers/deicorp">Deicorp</a>, involves the construction of a 46-level twin tower at 34 Hassall Street, <a href="https://www.urban.com.au/new-apartments/parramatta-nsw">Parramatta</a>.&nbsp;

Pitched to cater for Parramatta's growing population, 600 apartments will be constructed across the two towers, as well as shops and workplaces.

[smartcode_project:default project_id=138590 project_image_fid=236113]

Another designed by Turner, the entire structure of <a href="/new-apartments/cosmopolitan-by-deicorp-parramatta-34-hassall-street-parramatta-nsw-2150">Cosmopolitan</a> is inspired by nature, offering a park-like experience for residents and visitors.&nbsp;

The apartment's design follows this theme, providing district views of nearby points of interest, such as the river and parkland, inviting the surrounding nature into each home.&nbsp;

The project includes a raised podium on levels one, two and three dubbed as Gully Forest, with the feature landscape sanctuary set to be embellished with a range of lush greenery, in addition to a series of smaller breakout and seating spaces which have also been included, along with a feature outdoor kitchen and a series of garden pavilions.&nbsp;

&nbsp;

[smartcode_project:default project_id=138590 project_image_fid=236116]

An open-air community space offering barbecue facilities and smaller group gathering areas will also be located on the level two podium.

The third is a 16-level development in Crows Nest, which has <a href="/news/nsw/deicorp-secure-gazettal-approval-for-falcon-alexander-crows-nest-apartment-development">just secured gazettal approval</a>.

The tower, which has been frequently reduced in size to meet planning controls, is spread across three sites fronting&nbsp;Pacific Highway, Falcon Street and Alexander Street, also known as the Five Ways Triangle site, near the upcoming Crows Nest Station which will be connected to the Sydney Metro.

Deicorp will now file plans for the 16-level building with 129 apartments after secured the initial approval to develop. The 13 residential levels will sit above a three-level commercial podium and 247 basement parking spaces.

There is a fourth project part of Deicorp's extensive portfolio, a 212-apartment project in Rhodes designed by Fender Katsalidis.

Urban Editorial

Deicorp's 2024 Sydney apartment development pipeline bolstered with 1200 apartments approved

The island site is part of the NSW government's ambitious place-led renewal policy for North Sydney

It's been third time lucky for developer&nbsp;<a href="https://www.urban.com.au/developers/deicorp">Deicorp</a>, who has secured gazettal approval for its 16-storey mixed-use project at the Five Ways Junction in <a href="/new-apartments/crows-nest-nsw-2065">Crows Nest</a>.&nbsp;

They withdrew their first proposal for the site, which borders Pacific Highway, Alexander Street and Falcon Street, back in 2020, and then had their second application, which was a drop in density from 36 levels to 19 levels, rejected.

The gazettal approval is for 16 levels with 129 apartments designed by&nbsp;<a href="https://www.urban.com.au/architects/turner-studio">Turner Studio</a>. The first three levels of the project will be a podium with 8,000 sqm of commercial space. The seven basement levels will home 247 car spaces.

<img alt="Deicorp Fiveways Junction Approval " data-entity-type="file" data-entity-uuid="364f36b1-f329-40ed-8399-5f7dce86f7c9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Crows%20Nest%20Fiveways%20Junction.png?VersionId=xRkakwgnaF87Ptzz0AfySNqAz1RCYJ3x" />

The project application approval follows the official rezoning of the site in December, ushering in a new era with favourable planning controls. Notable changes include an increased height limit from 16 metres to 62.5 metres, facilitating the creation of a 16-storey mixed-use structure.&nbsp;

Situated just minutes from the soon-to-be-opened Crows Nest Metro Station, the strategic location ensures convenient and frequent access to <a href="https://www.urban.com.au/new-apartments/north-sydney-nsw">North Sydney</a>&nbsp;and the CBD.

The island site is part of the NSW government's ambitious place-led renewal policy for North Sydney.

Comprising 19 allotments, the successful amalgamation of lots enables a holistic redevelopment with a unified public domain.

<img alt="Deicorp Fiveways Junction Approval " data-entity-type="file" data-entity-uuid="4745ea78-fccf-4a52-ad1b-9b61c279f01e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Fiveways%20Junction.png?VersionId=PHONbGlKF7uPE7cpw_N1OHX_R8rou7OR" />

Upon completion, the project will extend the village's public domain, forge better connections to key bus transit stops, create valuable employment opportunities, and provide much-needed additional housing.&nbsp;

The Five Ways approval joins Deicorp's recent development approval success in <a href="https://www.urban.com.au/new-apartments/parramatta-nsw">Parramatta</a> and <a href="/new-apartments/melrose-park-nsw-2114">Melrose Park</a>&nbsp;which brings them 1,200 apartments in their immediate pipeline, adding to their&nbsp;3,200 units already under construction.

Falcon & Alexander

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Meet the team behind Falcon & Alexander

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