Neutral Bay

Independent property developer, Central Element recently marked the completion of demolition works and the commencement of the building phase at their luxury $180 million residential and retail development, Pienza Neutral Bay.

Richard Crookes Constructions are leading the build of the SJB designed mixed-use development, a company well-placed to deliver a building of Pienza’s calibre. Since their founding in 1976, they have built a proud reputation as one of Australia’s most trusted builders.

Located at 12-14 Waters Road on Sydney’s Lower North Shore in the Neutral Bay Village, the premium build mixed-use development features a boutique collection of 37 generously proportioned north-facing apartments with communal rooftop leisure space, landscaped gardens, pool and yoga deck along with approximately 2000 sqm of commercial and retail space.

Sales for Pienza have been strong since the apartments went to market last year, achieving record-breaking prices in Neutral Bay, including a $7 million three-bedroom sale.&nbsp;

[smartcode_project:default project_id=29544 project_image_fid=188793]

The level of luxury and amenity, the house-like proportioned living spaces coupled with the unique village lifestyle and social scene of Neutral Bay, all just 10 minutes from Sydney’s CBD, are key selling points for the development. 
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One-bedroom apartments are sold out, two-bedrooms are priced from $2.1 million, and three-bedrooms priced from $4.7 million. Buyers have been predominantly owner occupiers and downsizers, attracted by the exceptional quality of finishes, the highly sought-after location and Central Element’s reputation for creating exceptional living spaces.

Nathan Chivas, Managing Director for Central Element, said the development will offer truly exceptional living space and lifestyle amenity.&nbsp;

“Every project that we work on is driven by a desire to create magnificent and memorable developments in enviable locations. We collaborate with Australia’s finest architects and builders to create homes that will shape the future of Australian living,” he said.&nbsp;

“We are delighted to again be working with Grant D’Arcy and his team at Richard Crookes Constructions – one of Australia’s most recognised and trusted builders as our partner for the build of this project.”

[smartcode_project:default project_id=29544 project_image_fid=188796]

SJB Director Adam Harrow said the base of Pienza will be solid masonry that adds permanence and texture, with carved-out domes to reveal polish and layers behind the detailed brickwork.&nbsp;

The upper levels of the building will be much more lightweight and open and sit back from the base like it’s atop a stone cliff, creating a defined edge between the two.

“The rooftop is about investing in people’s lifestyle ambitions. It’s like an urban resort, playing on the idea that you don’t need to go on holiday to have a good time. It gives residents something that we’d all love — being close to the sun, enjoying the pool, and looking across the view — as a daily experience of life,” Harrow said.&nbsp;

The apartments comprise a generosity of space and features synonymous with a grand home such as a butler’s pantry, home office, appliances by Wolf, powder room, secluded balcony, and private outdoor spaces, along with the opportunity for purchasers to include custom-built features such as a bar and fireplace.&nbsp;

Buyers can further customise the interior colour palette with a choice of natural marble or stone for the kitchen and bathroom.

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Chivas said the vision for Pienza goes beyond the home.&nbsp;

“Located in the village heart of Neutral Bay, this emerging destination will feature world-class retail and dining options seamlessly integrated into the fine grain of the neighbourhood, while reorienting the village as Neutral Bay's true town centre.”

New retail options to compliment the dynamic foodie and social hub of the Neutral Bay neighbourhood will be announced in the coming months, with construction slated to wrap up in the second quarter of 2024.&nbsp;

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alisonwarters@gmail.com

Central Element breaks ground at Pienza Neutral Bay

Neutral Bay's busy intersection of Military Road and Wycombe Road is set to see a new shop top apartment project.

A company associated with Jim Simons, the director of project management firm Eastview, has submitted plans for the six-storey shop top development, designed to fit into the North Shore Future Directions Policy, which seeks to activate the Neutral Bay Town Centre with increased pedestrianisation, retail, and commercial offerings.&nbsp;

Just 21 apartments will be on offer across the $24.5 million project, which will have two retail tenancies on the ground level.&nbsp;

Design practice EM BE CE have handled the plans for the development, which will be made up of 15 two-bedroom apartments, four of which will have a study, and six three-bedroom apartments, two of them being large penthouses.&nbsp;

Three levels of basement parking will include 25 car spaces for residents, as well as four motorbike spaces and bicycle parking within the resident’s storage area.&nbsp;

The existing streetscape character is a mixture of two storey shop-top retail, with larger four and five-level apartment buildings.

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<a data-entity-type="file" data-entity-uuid="768a0fbb-b2e4-4bb8-aab8-af3c347c32e5" href="https://www.urban.com.au/new-apartments/165-military-road-neutral-bay"><img alt="Neutral Bay" data-entity-type="file" data-entity-uuid="768a0fbb-b2e4-4bb8-aab8-af3c347c32e5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-11-17%20at%201.51.21%20pm.png?VersionId=QNHZlm8fBN9gw5QKLtPCxLPZg9iy80dN" /></a>

"Designed to respect the surrounding streetscape, the proposed development will match the existing street walls, with bricks utilised throughout the three-storey podium," the Design Verification Statement by EM BE CE read.

"Above the podium, the top two levels are setback from the street, minimising solar impacts, and reducing the visual bulk and scale, while the upper levels utilise a lightweight metal materiality, contrasting the heavy masonry base, and allowing the top floor to be more visually recessive

EM BE CE noted that due to&nbsp;the site’s positioning along a high-traffic road, with a high-level of vehicle noise, apartments have been designed with enclosed winter gardens, which allow residents to enjoy the north-facing aspect, while being sheltered from the street.

"The number of dual aspect apartments are optimised whilst maximising significant views to the harbour, while planters help to soften the space," the design studio noted.

The majority of apartments also include a study nook or study room, to provide residents a place to use when working from home, something especially important in a post-COVID workforce.&nbsp;

Residents will have access to a communal parcel drop-off room, which includes a cold room section, while the nearby Mary Gibbs Plaza and accompanying park will provide a local connection to green open space within the development, with a number of larger public green spaces within a 10-minute walk, including Forsyth Park and Ibery Reserve.&nbsp;

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Just 21 apartments will be on offer across the $24.5 million project, which will have two retail tenancies on the ground level

First look: Shop-top apartments planned for Neutral Bay village

The tightly held Neutral Bay pocket is set to welcome another collection of luxury apartments.

Pertama Developments, who recently completed&nbsp;The Stella Rose Bay, are behind the project, integrated design firm Marchese Partners to put together the plans for nine apartments at 1 Spruson Street. Pertama secured the amalgamated site earlier this year when it was pitched by CBRE to attrach a high-end residential developer.

There will be a mix of three, four and five-bedroom apartments, targeting the popular downsizer market in the affluent area.

<img alt="The Neutral Bay site" data-entity-type="file" data-entity-uuid="6e276bc8-a6a0-4ced-9e5d-1736f529fecf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-08-25%20at%207.55.53%20am.png?VersionId=zokjKU609My7qpekSjjS3TdNghI4ZZJL" />The Neutral Bay site. Image credit: CBRE

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In their design statement submitted to the local council, Marchese Partners noted that the&nbsp;use of natural stone for the interface at Spruson Street at podium levels connects the built form to its neighbouring context, while the vertically the central surface is finished in a white render. A recessed penthouse level crowning the residences with bronze aluminium panels.

"The buildings play with contrasts as a way of providing articulation to the refined facades and the overall composition of lighter and darker materials that assist in the vertical stratification of the proposal," the statement read.

"Deep breaks in the building elevations also help to create vertical breaks into the generally horizontally proportioned elevations, breaking up the perceived mass of the buildings and creating a more modulated building composed of visually smaller building elements.&nbsp;

"The view corridor proposed across the site is circa 9.5-metres wide, which creates the two built forms, along with opening up aspects for all residents to the Sydney Harbour Bridge."

&nbsp;

Floorplans range from 149 sqm to 344 sqm. Each apartment is connected to expansive balconies or courtyards extending off the living space, which will&nbsp;feature large panes of glass, allowing natural light to filter through, whilst also opening up the residences to views to the Harbour Bridge and city skyline.&nbsp;

Neutral Bay has been a hotspot for local developers so far in 2022.

The most recent application came from WINIM, who has lodged plans to transform a landmark 1905-built&nbsp;duplex at 112-114 Wycombe Road,&nbsp;near the Neutral Bay village.

<img alt="WINIM's redevelopment The Wycombe" data-entity-type="file" data-entity-uuid="db0aedb2-d70e-48c0-8bf1-be400626f2a7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-08-09%20at%208.08.01%20am.png?VersionId=uO8YF8lPHdTCqpAx7deZLcV2MxGUy_Xf" />WINIM's The Wycombe. Image credit: Rothelowman

The Abadeen Group also has a string of projects set for the area.

Following the recent launch of the group's Enso project, they also released plans for a site at&nbsp;7-11 Premier Street, near Forsythe Park, with PBD Architects drawing up the plans for a part four-level, part&nbsp;five-level development with 18 apartments, with a mix of two and three-bedroom offerings.&nbsp;

The Woolworths Group will also find a home in the exclusive enclave, with the group set to redevelop a mixed-use site across Rangers Road.&nbsp;

Their plans&nbsp;include reinvigorating the already existing retail space across the site, along with developing residential apartments, an activated pedestrian laneway and public plaza.&nbsp;

In the heart of Neutral Bay, Alton Property Group have amalgamated a massive nine lot site, where 40 apartments will be built, while at&nbsp;96 Ben Boyd Road, Podia has lodged plans for a 23-apartment development.&nbsp;

Pertama Developments, who recently completed The Stella Rose Bay, are behind the project

Joel Robinson

Neutral Bay apartment pipeline grows with another new luxury development

The ASX-listed Woolworths Group, has lodged plans for a mixed-use redevelopment across Rangers Road in Neutral Bay.

The supermarket giant's development arm, Fabcot, has submitted the&nbsp;plans to reinvigorate the already existing retail space, along with an activated pedestrian laneway and plaza, as well as residential apartments.

The project&nbsp;will provide a mix of one, two and three-bedroom apartments, starting from 65 sqm for the one-beds to the largest offering at 398 sqm, all adjoining to landscaped balconies.

<img alt="" data-entity-type="" data-entity-uuid="" height="1116" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-27_at_11.31.25_am.png" width="1578" /> 
Artist Impression, Central Plaza View. Credit:&nbsp;Ivolve Studios

Designed by renowned Sydney-based architects, Koichi Takada, the $6 million project will be visually connected to Military Road, with open corners to Rangers Road and a large open entry plaza.

The building form has been broken into distinct forms to break down the mass and create articulation between the podium, and upper floors.

The public plaza design plays an integral role in the precinct, with a highly active retail and dining, office and residential space existing throughout new green spaces, designed by Arcadia, as well as community facilities.

“The principal design approach was to create an intrinsic relationship between architecture and nature while promoting a variety of retail activation, integrated outdoor seating, and good pedestrian connectivity from Rangers Road to Yeo Street,” Koichi Takada Architects noted in their design application.

<img alt="" data-entity-type="" data-entity-uuid="" height="1120" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-27_at_11.31.43_am.png" width="1580" /> 
Artist Impression, Yeo Street Facade. Credit: Ivolve Studios

“The public plaza combines substantial planters to promote canopy trees growth as well as water fountains to promote children’s play.”

The architectural design incorporates façade planters to the setback and terrace floors, with a residential communal open space allocated on the rooftop with a plunge pool, seating, and barbecue facilities.

The feature façade concept integrates modular planters on slabs to provide both the commercial and residential residents a connection to landscape.

The perimeter retail to the plaza expresses a double height volume to enhance the layers of activation both at the ground floor and level one, with the site link visually connecting the plaza to Yeo Street, activating the side streets, while the anchor tenant, Woolworths, will ensure constant foot traffic across the ground floor.

The outdoor dining space will be covered and protected by the feature awning, allowing the spill out of retail and cafe tenants to engage with the public domain, while providing a protected path of travel for pedestrians.

The feature awning is supported with organic columns reminiscent of the branches of a tree, with greenery spilling over the awning effectively continuing the landscape character from the public domain up onto the building façade.

<img alt="" data-entity-type="" data-entity-uuid="" height="1118" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-27_at_11.32.09_am.png" width="1582" /> 
Artist Impression, View of Plaza. Credit: Ivolve Studios

“Inspired by the naturally occurring landscape character of Neutral Bay, the design integrates public activation with a natural and refined aesthetic, providing an activated, unique and integrated public domain.”

“The gentle curves of the sandstone gully’s and Angophora Trees that have existed in Neutral Bay’s natural context, inspired an architectural language that is organic, curved, and sophisticated. The natural facade ties into Neutral Bay’s past and aims to invigorate Rangers Road with community facilities and public domain activation.”

The high-quality retail with a focus on food and beverage offerings, activating the precinct with community amenity during both the night and day. &nbsp;

Woolworths Group to redevelop Neutral Bay site with residential apartments  

Alton Property Group have amalgamated a massive nine lot site in the heart of the exclusive Neutral Bay on Sydney&#39;s Lower North Shore, with plans to create a 40-apartment development.

Designed by A+ Design Group at 4-14 Merlin Street,&nbsp;the proposal involves alterations and additions to an existing nine-storey residential building, demolition of existing dwellings on six lots, and&nbsp;the construction of a four-storey residential flat development with a rooftop communal open space and residential amenities on the ground floor.

&ldquo;The scale of the buildings has been carefully modulated in bulk, height, landscaped area and spatial separation controls to represent an expression of the desired character in the locality,&rdquo; A+ Design Group Architect, Tony Leung, noted in their submission.

<img alt="" height="1098" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-10_at_10.55.02_pm.png" width="2214" /> 
A render of the proposed development at 4-14 Merlin St, Neutral Bay. Image credit&quot; A+ Design Group.&nbsp;

Set to comprise a mix of four one-bedroom, 17 two-bedroom and 19 three-bedroom apartments, the development aims to keep with the demand in the marketplace, which is predominantly for owner occupiers looking for two and three-bedroom spaces.

The planning and arrangement of the apartments have been designed to maximise solar access, natural ventilation and daylight with a focus on blending the inside to the out.

&ldquo;The proposal contains an appropriate composition of building and landscape elements, textures, materials and colours to reflect the positive elements of the existing neighbourhood,&rdquo; Leung added.

&ldquo;We&rsquo;ve intended to achieve a clean modern aesthetic through a selected palette of materials, as well as the articulation of the building mass.&rdquo;

<img alt="" height="1016" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-10_at_10.55.12_pm.png" width="2198" /> 
A render of the proposed development at 4-14 Merlin St, Neutral Bay. Image credit&quot; A+ Design Group.&nbsp;

A number of canopy trees will feature around the perimeter of the site, with planting along the street frontages providing privacy and a softening to the built forms, as well as planting along the western boundary creating a buffer from the Warringah Freeway.

&ldquo;The proposed landscape design is an integral part of the overall design intent&rdquo;, said Leung, with over 1,191 sqm of the site dedicated to green and open spaces.

Set to comprise a mix of four one-bedroom, 17 two-bedroom and 19 three-bedroom apartments, the development aims to keep with the demand in the marketplace, which is predominantly for owner occupiers looking for two and three-bedroom spaces.

First look: Alton Property Group to create Neutral Bay apartment development

Central Element has secured a $7 million sale in Pienza, its Neutral Bay apartment development.

The $180 million project was launched in December.

The second floor, three-bedroom comes with 212 sq m of internal space and a 27sq m balcony.

It comes with a sunny north east aspect at its location on the corner of Waters Road and Grosvenor Street.

[smartcode_project:default project_id=29544 project_image_fid=188794]

The downsizer buyer had been looking for over a year.

The project's completed is scheduled for late 2023. Central Element's Pienza Neutral Bay Village project on Sydney's Lower North Shore has project financing from MaxCap Group.

The one-bedroom apartments are priced from $1.45m, and two-bedders from $2.45m to $3m.

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Its three-bedroom apartments range from $4.5m to $5.3m. 
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Residents of the village will have access to a rooftop garden, infinity pool and lower ground shopping and dining areas.

Central Element managing director Nathan Chivas noted the $7m sale set a new price record within the popular village precinct of over $33000 per sqm.

Designed by award-winning SJB Architects, the 39 apartments have interiors more synonymous with a grand house than an apartment including butler’s pantry, home office and powder room.

The build of Pienza is being done by Richard Crookes.

[smartcode_project_cta: project_id=29544]

The $180 million residential project by Central Element was launched last December 

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$7 million apartment sale in Central Element's Pienza, Neutral Bay

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<div>Harriette in Neutral Bay is seeing its apartments sell before its early 2021 completion.</div>
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<div>Garden Residence Two, one of 10 three bedroom apartment in the Fiducia Property Group project, has just sold.</div>
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<div>Garden Residence One is still listed for sale with an asking price of $3.75 million through McGrath's Claudia Portale.</div>
<div> </div>
<div>The project at <a href="https://www.urban.com.au/new-apartments/the-harriette-residences-9-harriette-street-neutral-bay?utm_source=PropertyObserver" target="_blank">9 Harriette Street</a> is influenced by Art Deco architecture, with clean brick lines amid green landscaping.
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Designed by PBD Architects, the apartments include bespoke lighting, green gardens, a wine cellar, and entertaining space.
The home's interiors include warm herringbone floors and brass accents.
Other projects by<a href="https://www.urban.com.au/architects/pbd-architects?utm_source=PropertyObserver" target="_blank"> the architect</a> in Sydney include Aoyuan International’s Adela project, located at <a href="https://www.urban.com.au/new-apartments/adela-1-7-gloucester-avenue-burwood?utm_source=PropertyObserver" target="_blank">1-7 Gloucester Avenue</a>, Burwood.
The collection of boutique apartments overlooks Burwood Park, green communal areas and four separate lobby entrances. 
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Harriette at Neutral Bay secures sale ahead of early 2021 completion

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Having been living in California for the past six years, Australian film editor Jason Ballantine and his interior designer wife Bronwyn Poole had their former Neutral Bay home listed for auction at the weekend.
They accepted an offer for the 1920s Arts &amp; Crafts home a week ahead.
Tenanted until January by renters paying around $2750 a week through McGrath, the Spruson Street property had $4.2 million hopes.
Ballantine’s work includes Baz Luhrmann’s Great Gatsby, Wolf Creek and Mad Max: Fury Road.
Poole is an interior designer with offices in Sydney and Santa Monica.
The couple paid $2.65 million for the home in 2011 when the family was upsizing from the nearby Cremorne.
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The Spruson Street property became a rental in 2013 when the family, now with three kids, moved Stateside due to Ballantine's work commitments. 
Ballantine, who had been in London working on The Kings Man, starring Ralph Fiennes, before the shutdown, has previously been the president of the Australian Screen Editors guild.
His editing work on Baz Luhrmann's Great Gatsby saw the film pick up the Best Editing Award at the 2013 Australian Academy of Cinema and Television Arts Award.
He's been nominated in the category working on Wish You Were Here (2012) and Wolf Creek (2005).
Poole is an interior designer and launched her own business, Touch Interiors, in 2000. She now has offices in Sydney and Santa Monica.
She also founded Complete Pad, an online interiors community where you can shop for individual home items and connect with a professional for help.
This article was first published in the Sunday Telegraph. 
 
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California-based film editor Jason Ballantine sells former Neutral Bay home

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Apartments in Neutral Bay have started to stabilise following the end of the downturn.
The <a href="https://www.urban.com.au/news/3871-neutral-bay-nsw" target="_blank">median apartment price</a> in the exclusive lower north shore suburb bucked the trend of the wider Sydney market which began declining in 2017.
Prices rose until mid-2018 when the median unit price hit $1,087,5000, according to CoreLogic.
<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/2019/10/14/Neutral%20Bay%20CoreLogic.jpg" alt="">
Two months later the median dropped to $1 million.
There was a bounce back in prices in late 2018 before the longer slower decline began, seeing the median drop down to $950,000.
To find out more about the Neutral Bay property market, <a href="https://www.urban.com.au/news/3871-neutral-bay-nsw" target="_blank">click here</a>.
 
 
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Neutral Bay apartment median down $100,000 since 2018 peak

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The Oaks, Neutral Bay, hotelier Andrew Thomas, who bought Cassandra Thorburn and Karl Stefanovic’s $9 million home on the Cremorne waterfront, has sold in Neutral Bay.
Cossington, an 1890s Queen Anne-style residence, came with $8 million hopes.
Thomas, a third-generation hotelier, bought the home in 2000 for $2.55 million from Sydney Rum Distillery chairman David Ward and his wife Dr Michele Ward.
His subsequent $1 million renovation and extension by architect Jorge Hrdina was a finalist in the NSW Architecture Awards in 2014. The sandstone residence was originally designed by pioneer architect Howard Joseland for lawyer Ernest Smith.
It was the childhood home of one of the nation’s most important painters, Grace Cossington Smith. Raine &amp; Horne founder Tom Raine once owned the home.
Thomas and his partner, the food public relations operative Catherine Slogrove who runs Papaya Agency, will have slightly further to travel from their new home to The Oaks, where Thomas (pictured above) has been the long-time publican.
But it’s just 2km rather than the 800m currently.
The hotel has been in the Thomas family since 1975 when his father purchased its lease from the now defunct brewing company Tooth &amp; Co.
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