Lateral Estate

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Two expanding Sydney suburbs are in the process of attaining planning permits for apartments projects that will further bolster their respective development credentials.

CBD-based Lateral Estate and design firm Urban Link are behind both projects which are currently available for public viewing, yet both projects have taken differing planning paths to date. Lateral Estate during April lodged intentions for a 1,347 square metre site at 32-38 Montgomery Street, Kogarah.

Expected within the Stanisic Architects-designed 13 storey building are 74 apartments.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image178_1.jpg" rel="gallery-all" title="32-38 Montgomery Street, Kogarah. Planning image: Stanisic Architects"><img alt="" class="image-article-full-width-580px" height="579" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image178_1.jpg?itok=BoM7zEO6" title="32-38 Montgomery Street, Kogarah. Planning image: Stanisic Architects" width="580"></a>

<figcaption>32-38 Montgomery Street, Kogarah. Planning image: Stanisic Architects</figcaption></figure>Colliers moved the site on late last year via s ales campaign, with the exiting four level commercial and residential building likely to make way for Lateral Estate's development. Carrying a development cost north of $31 million, the project consists of one and two bedroom dwellings.

Also included is an expansive rooftop terrace and staggered green internal courtyard.

Lateral Estate's Kogarah project is in addition to recent apartment developments across Liverpool, Carlingford and Erskenville. The developer also has an extensive list of forthcoming apartment developments, plus a site in Melbourne's Fishermans Bend which is slated to carry a high-rise project.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image180_1.jpg" rel="gallery-all" title="32-38 Montgomery Street, Kogarah. Planning image: Stanisic Architects"><img alt="" class="image-article-full-width-580px" height="324" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image180_1.jpg?itok=M7tDdCIr" title="32-38 Montgomery Street, Kogarah. Planning image: Stanisic Architects" width="580"></a>

<figcaption>32-38 Montgomery Street, Kogarah. Planning image: Stanisic Architects</figcaption></figure>Homebush's 40-42 Loftus Crescent has taken a differing planning path, with its latest iteration coming after an initial 2016 submission.

Design practice Urban Link Architects is driving an expanded apartment offering for the project with additional floors boosting the intended apartment count to 88. The development finds itself in an increasingly popular apartment strip around the Loftus Crescent/Bridge Road intersection.

The project's 88 apartments are split between 17 single, 67 double and 4 triple bedroom options, with 12 adaptable apartments rolled into the revised design.

At the time of its submission during 2016 the Homebush application was headed by Multipower Group.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image177.jpg" rel="gallery-all" title="40-42 Loftus Crescent, Homebush. Planning image: Urban Link"><img alt="" class="image-article-full-width-580px" height="378" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image177.jpg?itok=mtix6JOg" title="40-42 Loftus Crescent, Homebush. Planning image: Urban Link" width="580"></a>

<figcaption>40-42 Loftus Crescent, Homebush. Planning image: Urban Link</figcaption></figure>
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silvermb

Kogarah and Homebush in line for further apartment projects

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Lateral Properties have finalised the construction of its residential development Teviot Downs, an acreage estate in Greenbank, Queensland.
Built over a decade, this last release completes the 1200 lot community. 
Lateral Properties bought the partially developed 900ha Greenbank site in 2002.
It started selling blocks in July 2003. The estate has been sold over 34 stages, with the last remaining stage selling now.  
The final stage features a total of 47 lots ranging in size from 2,500sqm to 7,000sqm which are selling from $285,000 to $500,000. Over 30 per cent of the stage has already been sold.
“This is the last chance you will get to build a new home in one of Australia’s great acreage estates only 40 minutes to the Brisbane CBD,” commented Clinton Trezise, associate director of residential at Colliers International.
“The introduction of the SEQ Regional Plan in 2005 restricted the further release of acreage homesites, so these types of communities close to Brisbane will soon be a thing of the past,” he said.
Land values at Teviot Downs have recorded strong growth with an average of 10 per cent annual price growth over the last 10 years, due to the scarcity of acreage estates within the greater Brisbane region. 
“In recent years 10 per cent of the sales have been to existing residents of Teviot Downs who are upgrading their homes and re-purchasing in the estate. This is a huge testament to the quality of the development and the friendly established community it is,” Trezise added.
According to Trezise, the majority of buyers in the estate have been 3rd or 4th homeowner occupiers that live within the 10km radius, and are moving from densely populated, growing urban centres for a bigger house and more open space.
In 2005, the project was awarded Queensland’s UDIA Award of Excellence for the Best Parkland Residential Estate.
He noted due to the scarcity of acreage land, this award no longer exists, leaving Teviot Downs as the final recipient.
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