Preliminary apartment plans revealed for landmark Darling Point site by Lendlease and Mitsubishi Estate
Joint venture partners Lendlease and Mitsubishi Estate are progressing with its recently acquired landmark site on the border of Darling Point and Edgecliff.
They've provided a sneak peak as to what they have planned for the 1,748 sqm site at 1 Darling Point Road, following the purchase from Anka Property last year.
There were approved plans in plans for a 12-level building with 40 apartments, plans that had been back and forth between the Woollahra Council given the substantial uplift they were seeking.
Lendlease and Mitsubishi Estate, the latter of whom is one of the largest real estate developers in Japan and worked with Lendlease on One Sydney Harbour and One Circular Quay, has submitted a Concept State Significant Development Application to the NSW Government for a 17-level tower (with the affordable housing uplift).
The concept, which comes before the full State Significant Development applications, will have 60 apartments, 21 of which will be designated as affordable.
Architecture firm Tzannes has been called in to handle the design of the building.
Tzannes, led by regarded architect Alex Tzannes, calls 1 Darling Point Road a "landmark opportunity to create architecture that is placeshaping for Edgecliff Station and community building for the greater eastern suburbs.
"With its unique topographical elevation overlooking the Harbour City and connections with existing transport infrastructure, this site is ready for urban densification," the architecture firm noted in the Architectural Design Report
"This project will contribute to Sydney's growing need for quality well-designed, and well-located, homes and amenities."
The plan is to retain and refurbish the existing heritage building at 136 New South Road Road and also include retail space and 1,516 sqm of commercial office space located in the podium levels.
There will be 16 one-bed apartment on offer, jsut three two-bed apartments, 34 three-bedders, and eight four-bedroom apartments. A single 350 sqm-plus penthouse will crown the 16th level.
The Edgecliff evelopment aligns with the NSW government's target of delivering 1,900 new dwellings in the Woollahra local government area by 2029.
The project is expected to have an end value of around $500 million. Construction is anticipated to commence in 2026.
