First look: Rose Bay's downsizer push continues
The push for more downsizer apartments in Sydney's affluent Eastern Suburbs is set to continue.
Boutique builder developer MD Living is planning 12 apartments on Hamilton Street, just a few houses down from the centre of Rose Bay village on Old South Head Road.
The $15 million apartment building, that will replace two original homes at 28 and 30 Hamilton Street, has been designed by ess Life Style and will rise six levels. Two doors down is the 2019-completed Hampton building.
The three and four-bedroom apartments each occupy half a floor.
The new applications marks a continued transition to new larger-scale apartments in Rose Bay, a suburb which has traditionally lacked such supply.
Several new developments are soon to come to the market in the area. Boutique national developer Fortis is planning a new project on Ian Street, 11 three-bedroom apartments and a two-bed apartment in a five-level building by MHN Design Union.
Fellow developer Orosi is soon to launch The Avenue, the largest mixed-use development Rose Bay has ever seen.
The development, on an amalgamated 3,000 sqm site adjacent to the Royal Sydney Golf Club, will offer 50 two and three-bedroom apartments, and a cafe on the ground level.
"The apartments are on the larger side, so they will suit a wide range of demographics, not just downsizers," Orosi Founder and Managing Director Hamid Samavi told Urban.
"The Avenue will set a new benchmark for architecture and sustainability in The Eastern Suburbs, featuring state-of-the-art facilities and curated retail spaces, including a Kosher café, an organic restaurant, and Sydney’s most iconic wellness centre."
