Vaughan Blank set for apartment development on Bondi Beach's Hall Street
The well-known Sydney property investor and developer, Vaughan Blank, has submitted $9.4 million plans to transform the old Westpac building on Bondi Beach's exclusive Hall Street in to a mixed-use precinct.
He'll be creating a new shop-top housing building, with retail premises on the ground floor of 26-32 Hall Street, and 15 apartments above.
BANG Architecture handled the design of the building, just a stones throw from the famous sand, which Blank bought for $17 million earlier this year.
Architect Wieger Meijer, who heads up BANG, said in the design statement submitted to Waverley Council, that Bondi Beach has seen some impressive developments come to fruition in the past decade.
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"The desired future character can be seen by the overall high design standards, which on its turn has improved the face of Bondi significantly," Meijer said.
"The trend of these high design standards have been a key driver in the design process of the proposed development at 26-32 Hall Street."
Meijer described the overall style as "eclectic", however noted that all developments are tied together with an overall Australian Beach style which has influenced them.
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"The introduction of the proposal adds to the developing image of Bondi and adds a lifestyle component to it," Meijer added.
The development, which sits next to the former post office building which has also been converted to apartments, will comprise six one-bedroom apartments, two two-bedroom apartments and seven three-bedroom apartments.
Meijer says the proposal also reflects current market demands in relation to typologies and living patterns currently established in the local area.
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Vaughan Blank has been a keen investor in Sydney' eastern suburbs apartment market for a number of years, having previously spent over $33 million on a block of Art Deco flats in Edgecliff in 2017, which at the time was highest price paid at auction for a residential property in Australia.
Blank has adjoining future developments sites on the Bondi's O'Brien Street.
Earlier this year $8 million plans were submitted for a new arcade precinct and apartment development just up the road across 31, 35 and 37 Hall Street.
Behind the heritage building and facade which will remain at the street front will be a new arcade and 25 apartments, designed by Brian Meyerson, of the Surry Hills-based MHNDU.