Sydney’s newest waterfront town centre Woolooware Bay sees $100 million of sales on first day
More than $100 million of property, or 177 apartments of the 220 available, saw contracts exchanged this weekend at the launch of New South Wales' Woolooware Bay town centre and residential community development.
The Sutherland Shire development is on land owned by the Cronulla Sutherland Leagues Club, and is on a 10-hectare site. In total, it will have 600 apartments, a Sharks Club and a 17,700 square metre retail and medical centre.
The Saturday, February 1 launch was a ‘VIP’ event, and registrations of interest are now open for the next apartments in the Waterfront Release, which face the bay.
The weekend launch saw first home buyers, young families, downsizers and retirees purchasing the apartments. In total, 95% were local buyers.
Prices ranged from $450,000 for one-bedroom apartments, $575,000 for two-bedroom apartments and from $860,000 for three-bedroom apartments.
Managing director of Bluestone, Ben Fairfax, said that the interest was significant and had caused them to extend the original release, of Esplanade – a building with 91 apartments – to include the 47-apartment Pavilion and 82-apartment Sea.
“We had a large amount of interest from the local community when the vision for the master plan was first unveiled. The enquiry has continued to grow as the project moved through its planning and approval process and our purchasers today have waited patiently for the first chance to buy,” Fairfax said.
The sales team had taken 2,000 registrations of interest, with 200 gathered over Christmas.
Chairman of landowner Cronulla Sutherland Leagues Club, Damian Keogh, said that the town centre will provide a boost for the Club and the future of Sharks Group. The Club itself, 461 Captain Cook Drive, Cronulla, will be able for public use as a conference space.
The apartments include timber laminates, feature panels and stone benchtops.
Shared facilities will include a rooftop Sunset Cinema and W Club, a lagoon pool, and a barbecue area.
The town centre space is still seeking tenants to lease, however cites that the final product will include a full-line supermarket, fresh food retailers, “eat street” restaurants and cafes and services/lifestyle stores. It will have 770 car parking spaces.
Bluestone's personnel have been involved with the redevelopment of a number of waterfront sites, such as Woolloomooloo Bay Wharf, Rhodes Waterside, Balmain Cove in Sydney's Inner West and other major developments, such as Norwest Business Park.
Norwest Business Park took a spot in this list of New South Wales' Top Five developments of the last 50 years.
Construction on the shopping centre is expected early this year.
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