Construction commences at Muse Potts Point new apartments
Muse Potts Point, the rare new apartment development in the harbourside suburb, has kicked off its construction.
Developer Third.i and acquisition partner Toohey Miller have officially broken ground on the WMK Architecture-designed building that comprises just 13 one, two and three-bedroom apartments.
The apartments, with interiors crafted by Mathieson Architects, offer terraces with extensive views of the harbour and city skyline. The views are best captured from the communal resident rooftop which features a swimming pool and seating areas.
Dilcara has been appointed to deliver Muse Potts Point, with construction anticipated to complete by early 2026. Third.i and Dilcare have been working together for 15 years. Their joint project portfolio includes recent developments such as Third.i’s Botany Road project in Waterloo, Soho in Surry Hills, Cavallo in Kensington, and most recently the new Third.i head office in Crows Nest.
Muse is set to play a pivotal role in transforming Brougham Street, adding to a total of 35 new boutique apartments planned across approved and proposed developments.
Recent sales data shows that apartments on Brougham Street, both new and second-hand, currently average around $45,000 per square metre. In comparison, properties on Victoria Street average $70,000 per square metre, while those on Macleay Street/Darlinghurst Road range from $62,000 to $80,000 per square metre.
Luke Berry, Third.i. Co-Founder, said Muse Potts Point is set to redefine urban living with its "exceptional design and breathtaking views."
"We are excited to enhance the area’s iconic landscape and offer a unique lifestyle experience, blending sophistication with the dynamic spirit of Muse’s surroundings," Berry said.
"We are thrilled to embark on this groundbreaking journey and we can't wait to bring this project to fruition."
Based on recent data, Eastern Sydney suburbs, including Potts Point, continue to attract local buyers seeking premium properties in heritage locations with access to a variety of lifestyle amenities. Demand remains steady among prestige downsizers seeking their next home in Sydney’s East, with Potts Point gaining popularity due to its growth potential and local cultural offerings.
Berry emphasised the current opportunity for buyers to invest in Potts Point.
“Now is the time to invest in Potts Point," Berry added.
"With ongoing regeneration and community upgrades, property values are expected to rise. Sales are increasing on popular streets like Victoria and Macleay, while Brougham Street properties are priced at about a third to half the cost per square metre.
"Muse Potts Point offers access to the area's lifestyle at a lower price, with additional rooftop views. High interest in premium properties makes this a unique opportunity to enjoy Potts Point’s exceptional offerings at an attractive value.”
Muse Potts Point is set to complete in March 2026 and welcome residents shortly after.
