Developer Level 33 buys Wolli Creek site with dual-tower development approval

Site works are set to start at developer Level 33’s new project in Wolli Creek.

The group purchased the 5600 square metre residential site at 30-32 Guess Avenue for $29.5 million.

The site had an existing development approval (DA) and construction certificate for 176 apartments across two towers, both at seven storeys in height.

Level 33’s Eddy Haddad said marketing of the apartments will soon begin.

“Our vision is to deliver a new residential community to the highest design standards with all the modern conveniences of apartment living where residents will be able to enjoy the lifestyle benefits of living in close access to the Cooks River and nearby Discovery Park,” said Haddad.

Will Wehbe of St Trinity Property Group, which is marketing the project, said:

“The project represents an excellent opportunity for first home buyers who have been carefully saving deposits to get into the Sydney property market and take advantage of tens of thousands of dollars in government grants and stamp duty concessions while these incentives apply.

“Savvy investors will also be attracted to this project given its close proximity to transport, the CBD and the airport.”

Level 33 are currently working on projects in Blakehurst, Kogarah and Miranda, as well as the $75 million project SKYE in Wollongong’s CBD.