Danny Avidan's Bronte Place development secures $1.55m one bedroom sale
Jonathan ChancellorDecember 7, 2020
A three-bedroom penthouse, one of two in the boutique Bronte Place development, was sold on its launch on Saturday, for $4 million.
It was among the $32 million worth of apartments sold in the long-awaited redevelopment on the site of the former RSL premises.
The project is being sold through CBRE by fashion mogul turned property developer Danny Avidan.
The Saturday morning saw 12 of the 21 apartments sold in what was the first major apartment project in Bronte in two decades.
Sales included a one-bedroom, 30sq m apartment that sold for $1.55 million, according to The Sunday Telegraph. The $4 million sale was a three-bedroom, 135sq m apartment.
Design of the three storey block was by interior architects SJB.
It took four years to obtain development approval for the project with the former fashion identity Danny Avidan recently emerging as the buyer of the Bronte RSL site located at 109-113 Macpherson Street from the Sydney developer Winston Langley.
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.