New development to bring 68 new dwellings to Military Road, Mosman

A development application for 339 Military Road, Mosman, has been approved by the Joint Regional Planning Panel.

The property, owned by Centuria Property Funds, will likely be home to 68 new dwellings, including  64 one, two and three bedroom apartments, with the remaining few dwellings being terraces, townhouses and “flexible Live/Work Sohos”. The development will be called Monarch.

Property Observer understands that pricing hasn't yet been established.

The site, at the corner of Belmont Road and Military Road, will be designed by architectural firm Bates Smart.

Centuria’s Jason Hulich said that Bates Smart has the experience and credentials that have enabled them to design the vision for Monarch.

“Centuria believes that the project will be extremely well received by both owner occupiers and astute investors alike,” said Hulich.

Ray White Projects is selling the development.

Apartments will include outside space, either private gardens, loggias or balconies. Each will include basement storage and car parking, and there will also be designated motorbike and pusbike sites.

A display suite is set to open soon.

Centuria purchased the site in August 2001.