First look exclusive: Fortis plan new Rose Bay apartments
As Fortis prepares to take the wraps of its new Rose Bay apartment project Atlas, the luxury apartment developer is plotting another in the same suburb.
Earlier this year Fortis, the development arm of financier and investment manager Pallas Group, snapped up a prime double site on Ian Street, just two rows back from Rose Bay Beach.
They're planning a $16.5 million development, continuing their push into supplying new apartments to downsizers in Sydney's Eastern Suburbs. There is just one two-bedroom apartment planned and 11 three-bedroom apartments across the low-rise, five-level building designed by MHN Design Union.
Dickson Rothschild prepared an Urban Design Study for the sloping 2,038 sqm site that is a short walk from the beach, the Rose Bay Ferry Wharf, and Rose Bay village.
They said the predominant pattern of development in this residential area book ended by New South Head Road and Old South Head Road is a transition from lower density single dwellings to medium density residential flat buildings.
"The report demonstrates that given the site’s accessible location and both the existing and emerging pattern of development in the area, that a residential flat building is appropriate for the site.
"The design of the building has responded to the site orientation, context and topography to provide generally north-west facing units, which maximise amenity to balconies and living/dining spaces, as well as views. The proposed development is considered consistent with the desired future character of the area and is supported from an urban design perspective."
The three-bedroom apartments start from 130 sqm of internal space and range in size up to 202 sqm, not including the balcony that opens off the open plan kitchen, living and dining area. The roofop penthouse features a significant rooftop terrace with outdoor kitchen.
The proposed development is just 600 metres from Atlas, Fortis' other Rose Bay apartment development which will be welcoming buyers in the coming month. That has two, three and four-bedroom apartments, also desigend by MHN Design Union.
Fortis has had a busy 12 months or so across Sydney, Melbourne and Brisbane.
They recently launched Regency House in Elizabeth Bay, adding to their portfolio that includes developments in Point Piper, Woollahra and Bronte.
In Melbourne they have Wiltshire House in Richmond, and have recently secured another site at 550 Swan Street. In Brisbane they have River House by Fortis on Kangaroo Point's dress circle O'Connell Street.
