Ceerose secures Newtown residential site
Jonathan ChancellorDecember 7, 2020
The Sydney developer Ceerose has bought a mixed use site in the inner city suburb of Newtown for $6.5 million.
The 1320 sq m site, at 2c Gladstone Street, has a development application with council for a four-storey project including 12 apartments, 11 townhouses and three commercial or retail suites.
The site was sold through Ray White Commercial NSW.
The design is by SJB Architects with three street frontages some 500m to Newtown railway station.
The current improvements on the site comprise an older style single storey, light industrial building.
Ceerose, headed by Edward Doueihi, has projects underway in inner city suburbs including Ashfield, Leichhardt, Pyrmont, Dulwich Hill and Camperdown.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.