Central Element breaks ground on $150m Ethos Chatswood

Central Element breaks ground on $150m Ethos Chatswood
From left to right - Colin Rahim – Joint CEO of Growthbuilt, Shane Smollen – Director of Central Element, Joe Vincent Director of Direct Investment at MaxCap Group, Adam Haddow – Director of SJB, Wayne Chivas – Director of Central Element
Alison Warters May 19, 2023

Independent Sydney property developer Central Element and joint venture equity partner MaxCap Group officially marked the commencement of construction on their $150 million luxury residential development, Ethos Chatswood.

With a billion-dollar portfolio of developments, the privately owned group has delivered more than 500 apartments in almost 20 years across Sydney metropolitan locations.

Ethos was the first residential offering to be released in Chatswood’s CBD in a number of years and is now the first
development to commence construction.

The momentous occasion was commemorated through a ground-breaking event held alongside project leaders and key stakeholders in attendance, including Wayne Chivas and Shane Smollen, Directors of Central Element, Joe Vincent, Director of Direct Investment at MaxCap Group, Adam Haddow, Director of SJB, and Colin Rahim, joint CEO of Growthbuilt.

Wayne Chivas said the months to follow will be an exciting time, and we can't wait to witness Ethos emerge as a stunning addition to the Chatswood skyline

“At Central Element, we strive to create exceptional living spaces that invigorate communities and shape the future of Australian living," Chivas said.

"With Growthbuilt, we have partnered with a team that shares our vision and is committed to delivering exceptional high-quality sustainable buildings."

Demand for the SJB designed collection of ultra-luxury one, two, three and four-bedroom residences has been significant.

In October 2022, off-the-plan sales for Ethos were launched, with 60 per cent of the development sold in the opening weekend. 

The state-of-the-art display suite located at 3 Spring Street in Chatswood is open daily, providing visual insights into the project, advanced through digital technology where customers can visualise the quality of finishes by viewing the kitchen and bathroom display. 

Colin Rahim, joint CEO of Growthbuilt said they are delighted to collaborate with Central Element on Ethos Chatswood bringing our expertise, experience, and passion to deliver a world-class, luxury living experience.

“At Growthbuilt, we share a strong vision with Central Element on creating exceptional living spaces that enrich communities and shape the future of Australian living," he said. 

Completion of the development is anticipated for early 2025.

Alison Warters

Alison Warters is a property journalist for Urban, based in Sydney. Alison is especially interested in the evolution of the New Build/Development space, when it comes to design innovation and sustainability.

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