Macquarie Street

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Fintech investor Danita Lowes has bought into the Sydney 1920s apartment block The Astor. 

It’s the apartment recently sold by UK-based theatrical couple Cate Blanchett and Andrew Upton.

Their little-used bolthole had $12 million hopes through Christie’s International agent Ken Jacobs.

Originally three apartments, the two-storey Macquarie Street abode was once home to entertainer Barry Humphries and then mortgage broker Mark Bouris.

Lower heads Euclid Capital Partners.

She owns at Longueville with husband David Fite.

The Astor is the 12-storey, 1920s company title block that once dominated not only the city skyline but Sydney society when Circular Quay was quaintly industrial and the Harbour Bridge yet to be built.

All of the apartments featured Jarrah timber flooring, high ceilings, large windows along with Queensland maple interiors by the controversial Francis de Groot.

Completed in 1923, the Astor was the idea of entrepreneurs John and Cicely O'Brien.

The building was designed by architects Stuart Mould and Donald Esplin with a rooftop garden and basement restaurant.

Back then there were butlers and maids provided by the house manager.

Despite being the city's oldest apartment complex - and facing serious competition from many nearby new developments – it continues to attract buyers, especially when a modernised Astor apartment comes with parking nearby.
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Fintech investor Danita Lowes has bought into the Sydney 1920s apartment block The Astor

jchancellor

Fintech investor Danita Lowes buys Cate Blanchett's Macquarie Street, Sydney apartment

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Premier Gladys Berejiklian has announced plans to work on a long-term vision for the historic Macquarie Street East Precinct on the eastern fringe of the CBD.
Former Prime Minister Paul Keating will join forces with the Chief Commissioner of the Greater Sydney Commission, and former Lord Mayor of Sydney, Lucy Turnbull to work on the landmark project.
The review will look at ways to improve the amenity and public usage of one of Sydney’s most historic precincts, which includes Hyde Park Barracks, State Library, Sydney Hospital and NSW Parliament.
Premier Gladys Berejiklian and Treasurer Dominic Perrottet today announced two of NSW’s most prominent Sydneysiders will work together to develop a long-term vision for the historic Macquarie Street East Precinct on the eastern fringe of the CBD.
“I am delighted two of the most passionate advocates for Sydney have agreed to work together on ways to enhance what is already one of the jewels in this city’s glittering crown,” Ms Berejiklian said.
“Our aim is to make this area, with its historic buildings and beautiful gardens, an even more vibrant place for locals and tourists to enjoy.”
Mr Perrottet said Mr Keating and Mrs Turnbull were both strong advocates for Sydney, with a keen desire to improve the city and make it more welcoming and accessible for everybody.
“The Macquarie Street East Precinct is home to some of Sydney’s most important public buildings and iconic open spaces,” Mr Perrottet said.
“With two such passionate people working together on this project I am sure we will be able to make the area even better, unlock potential for new ways to connect the precinct to the rest of the CBD, and improve the public’s experience and usage.”
Mr Keating and Mrs Turnbull both welcomed the opportunity to provide ideas and direction for the Macquarie Street East Precinct.
“This precinct is of central importance to the city and there is scope for rationalisation in the further dedication of public space,” Mr Keating said.
Mrs Turnbull said as Sydney continued to grow it was important to ensure the use of open space evolved and adapted.
“I feel very privileged to be given the opportunity to help create a long term vision for a precinct that encapsulates so much history, beauty and cultural relevance dating back tens of thousands of years,” Mrs Turnbull said. 
“It has long deserved better connections and access, so that more Sydneysiders and visitors can enjoy this precious precinct.”
An initial report from Mr Keating and Mrs Turnbull is expected to be completed by mid-2019.
 
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Keating and Turnbull unite to work on Macquarie Street East precinct vision

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Sydney's number one penthouse, located at One Macquarie Street, has officially hit the market.
The Bennelong apartment was <a href="https://www.urban.com.au/news/79126-1-macquarie-street-penthouse-quietly-listed-for-sale" target="_blank">quietly listed for sale late last year</a>, but now it comes with live marketing which provides architect impressions of the top floor apartment on completion.
Currently in the process of being gutted, the pictures are the concept of acclaimed architect Koichi Takada. There is also a Goldeneye Media <a href="https://www.propertyobserver.com.au/https://vimeo.com/247259235" target="_blank">video with the marketing.</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/1/16/maqaurie2.jpg" alt="">
Many will know Takada as the preferred architect of choice for model Jen Hawkins, the face of Myer, and her husband Jake Wall.
They used Takada on a number of occasions when they were building houses in the Curl Curl area. Takada also designed their new forever home in Newport.
The Bennelong apartment was under the long-time ownership of the Moran family of the Moran Health Care, but a caveat suggests the owner and vendor is veteran property developer Keith Johnson.
Spanning 360 sqm, the apartment has views over the Sydney Harbour, including the bridge and the Opera House. 
Dominic Ong, the Australia’s Head of Asian Markets at Knight Frank has been enlisted to undertake the marketing.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/1/16/macquarie3.jpg" alt="">
Last year the building saw a $10.5 million sale when the 2GB radio broadcaster Alan Jones bought a smaller, dated, apartment six floors down.
In 2015 developer Sam Arnaout spent $18 million buying from the Maloney publican family on the 11th floor.
The Sydney price record stands at $96,000 a sqm when $27 million was paid off the plan in the Opera Residences development - five doors up Macquarie Street bordering the Cahill Expressway on the site of the old Coca Cola Amatil building.
The former chief of Tenix, Robert Salteri and his wife Kelly have been pinpointed as its buyers.
Last month the casino operator Crown Resorts announced the $60 million sale of two floors within its luxury Sydney development to James Packer.
 
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Sydney's number one penthouse hits the market

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The apartment that has rightful claims of being Sydney's number 1 address has quietly become available for sale.
It is the apartment on the tip of the top floor of 1 Macquarie Street, the closest home to the Opera House anyone can buy.
The apartment was long owned by the Moran family of Moran Health Care in the building known as Bennelong, and to some as The Toaster.
But a caveat indicates the current owner, and seller is actually the veteran property developer, Keith Johnson.
He and partner Natalie Habib are in the midst of gutting and fitting out the 360 sq m space to a design by the noted architect Koichi Takada.
It seems all the drilling alerted other occupants in the well-heeled block to Greta Moran's recent departure to her son, Mark's luxury Vaucluse retirement home
The ensuing knocking at their apartment front door has seen some of the stickybeaks turn into potential buyers so Johnson, ever the opportunist, is seeing if there was a too good to true offer out there.
Dominic Ong, the Australia’s Head of Asian Markets at Knight Frank has been enlisted to undertake an offmarket tour to China.
No details have emerged as to its recent or envisaged pricing, but there is no doubting its potential having set prior records.
This year the building saw a $10.5 million sale when the 2GB radio broadcaster Alan Jones bought six floors down. In 2015 developer Sam Arnaout spent $18 million buying from the Maloney publican family on the 11th floor.
The Sydney price record stands at $96,000 a sqm when $27 million was paid off the plan in the Opera Residences development - five doors up Macquarie Street bordering the Cahill Expressway on the site of the old Coca Cola Amatil building.
The former chief of Tenix, Robert Salteri and his wife Kelly have been pinpointed as its buyers.
This week the casino operator Crown Resorts announced the $60 million sale of two floors within its luxury Sydney development to James Packer.
Johnson is on a high at the moment as his major project Trinity Point was the recipient this month of the regional award for Best in Asia Pacific in Hotel Architecture category at the International Property Awards.
The former Miss Universe Jennifer Hawkins is the face of the Trinity Point residential, hotel and marina project at Lake Macquarie.
This article was first published in the Sunday Telegraph.
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1 Macquarie Street penthouse quietly listed for sale

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The Ramsay Centre for Western Civilisation has leased Horbury House, a Macquarie Street building in the Sydney CBD, for its new headquarters.
The heritage offices at 171 Macquarie Street are owned by UK businessman Sir Martyn Arbib. The offices are his family's only known Australian investment. They cost $5.35 million in 2005.
Built in 1842, the Georgian style, three storey building has just undergone a full refurbishment.
The newly launched centre, which supports arts and humanities teaching at universities, signed a five-year lease on confidential terms.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/12/5/RamsayCentrePaulMcMillan.jpg" alt="" style="font-size: 12.16px;">
Colliers International's Tom Buxton handled negotiations.
Horbury House is a combined pair of three storey terraces with a basement, originally part of a terrace of seven residences extending from the corner, and part of a continuous streetscape of terraces.
They are one of the last residential terraces in Macquarie Street and are set between a 1970s office development and a 1940s office building.
<img src="https://www.urban.com.au/images/2017/12/5/RamsayCentreSketch.JPG" alt="" style="font-size: 12.16px;">
The Macquarie Street building is of historic, aesthetic and social significance as a rare surviving colonial city terrace retaining its external form and indicating the type of development that characterised Macquarie Street in the mid-nineteenth century.
Only the facade and some roof framing survive from the 1842 building constructed for Ousley Condell.
<img src="https://www.urban.com.au/images/2017/12/5/RamsayCentre2.JPG" alt="">
It was named after Horbury, an area in England.
From the 1890's its access to Sydney Hospital made the terrace an ideal site for surgeon's professional rooms. More recently, as the medical character of the street changed, it has been used as company offices.
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Ramsay Centre for Western Civilisation leases Macquarie Street Georgian relic, Horbury House

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An anticipated price point of more than $40 million is expected for the Opera Retail, the retail space underneath the luxury Opera Residences at Circular Quay.
It is being marketed as an unparalleled, once in a lifetime retail investment.
Spanning 980 sqm, the Opera Retail on the exclusive Sydney Harbour end of Macquarie Street will be anchored by premium tenants including high-end fashion brands and a two chefs' hat-restaurants.
The space is expected to attracted strong on and offshore investment.
Knight Frank's Andy Hu, JLL's James Aroney and Belle Property Commercial's Andrew Vines are marketing the commercial space.
“This is unique opportunity to buy into a dynamic site with unique attributes as Sydney’s world-famous cultural, tourism, leisure, commerce and transport hub," Hu said.
“The precinct plays many roles as a centre for business, tourism and transport, and also forms a significant part of Australia’s cultural identity.
The space will also be surrounded by a number of new developments coming to Circular Quay
“The multi-billion dollar projects at AMP Capitals’s Quay Quarter, Lendlease’s Circular Quay Tower, and Wanda Groups’ hotel and apartment development will add significantly to creating a vibrant mixed-use precinct in Circular Quay," James Aroney said.
The prime retail investment will sit beneath the luxury Opera Residences, which late last year year saw two apartments sell within days of each other, both breaking the Australian apartment price record.
First one of the penthouse apartments <a href="https://www.urban.com.au/news/62030-26-million-circular-quay-penthouse-sale-in-57-million-swoop" target="_blank">fetched $26 million</a>, then a <a href="https://www.urban.com.au/news/62192-now-a-27-million-off-the-plan-penthouse-sale-on-macquarie-street" target="_blank">few days later</a> the Salteri family paid $27 millon for another of the four bedroom apartments fronting the Harbour Bridge.
Price per square metre records also soared in the 104 apartment development, fetching over $96,000 per sqm.
 
 
 
 
 
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