Chatswood

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.

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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.&nbsp;

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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.&nbsp;

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.&nbsp;

Completion of the development is anticipated for early 2025.

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alisonwarters@gmail.com

Central Element breaks ground on $150m Ethos Chatswood

National developer Goldfields has secured approval for its 24-level Chatswood tower, The Bryson.

The mixed-use tower, which will offer 70 apartments and commercial spaces, is one of the first approved&nbsp;first approved developments under the Chatswood CBD Planning and Urban Design Strategy.

Colliers are already fielding wide-ranging demand, with onsite demolition due to commence April.

Designed by Make Architects to strike a balance between city living and quiet retreat, <a href="https://www.urban.com.au/new-apartments/the-bryson-of-chatswood-871-877-pacific-highway-chatswood">The Bryson</a> will incorporate a mix of one, two and three-bedroom apartments, each with open plan living spaces that open to balconies.

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CEO of <a href="https://www.urban.com.au/developers/goldfields-group-0">Goldfields</a>, Lachlan Thompson, said approval of The Bryson marked a significant milestone for the increasingly diversified developer and its growing pipeline of projects.

“Sydney’s Lower North Shore has become one of the most sought-after places to live and work in Australia and we see this trend continuing well into the future,” Thompson said.

“We saw an unmissable opportunity to bring high-quality mixed-use residential space to an area that is demanding it.”

Chatswood sits at the commercial and residential heart of Sydney’s Lower North Shore, eight kilometres north of Sydney’s CBD.

The Bryson is situated 400 metres from Chatswood Railway Station and the Westfield Chatswood shopping centre. The Willoughby City Council population forecast for 2023 is 78,783, and is forecast to grow to 87,415 by 2036 – representing 10.96 per cent growth.

[smartcode_project:default project_id=21170 project_image_fid=210275]

Ian Bennett, Director of Residential at Colliers, said the <a href="https://www.urban.com.au/new-apartments/chatswood-nsw">Chatswood</a> market was going from strength to strength.

“With the launch of The Bryson, this has been the first time in about five years that an apartment project of this scale and calibre has been brought to the Chatswood market from an off the plan perspective,” Bennett said.

Around 30 per cent of The Bryson sold at launch, equating to $25 million in sales. Bennett said the success was an indication of the strong demand for apartments in the Chatswood market.

He said in the last 18 months, sales activity was driven by downsizers and families purchasing three-bedroom, premium apartment stock as an alternative to increasingly expensive existing residential housing.

But early activity in 2023 has seen one-and two-bedroom apartments proving just as popular, with sales at The Bryson spanning a diverse range of product purchased by a wide range of local buyers including first homebuyers, young executives, downsizers and investors. There has even been early interest from FIRB purchasers.

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“At one stage last year, the price gap between existing houses and apartments was over 100 per cent,” Bennett said, suggesting that traditionally that number is around 40 per cent.

"It has probably come back to about a 70 per cent gap this year, but still there is a long way to go for that gap to get back to what we would call normalcy. This shows just how much value for money there is in off-the-plan at the moment compared to existing residential and we are seeing this on the ground in Chatswood.”

Current and prospective buyers were drawn to Chatswood’s close proximity to the CBD and major universities, strong transport connections and growing infrastructure pipeline.

“A lot of the people that we are speaking to are wanting to upgrade, or right-size I guess is more accurate because they’re not of retiree age,” Bennett said.

“These are people who currently live a little further up the train line, up the Pacific Highway in places like Pymble, Turramurra or Lynfield, and they are looking to be more central. Chatswood is almost like a city now, so they see the area as being almost the town centre. The new Metro coming through is seen as a real 
advantage too.”

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Simon Lincoln, Asia Pacific Director at Make, said The Bryson’s striking vertical form would be “a great addition to the Chatswood skyline and deliver beautiful living spaces, prioritising wellbeing for residents with a real focus on space and amenity”.

Exclusive Skyhome and Penthouse residences will feature walls of operable glazing between expansive open plan living spaces and generous balconies, providing panoramic views while retaining privacy.

A pool terrace with rooftop gardens, outdoor furniture, barbecue facilities and sweeping views across the surrounding Chatswood CBD enhances the feel of an urban resort. Ground floor retail will act as a threshold between the vibrant Chatswood neighbourhood and the private residences above. Strata office suites will be located on level 2 and 3.

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Ian Bennett, Director of Residential at Colliers, said the Chatswood market was going from strength to strength

Joel Robinson

Goldfields secure approval for Chatswood apartment development, The Bryson

National diversified property developer Goldfields Group has launched it's maiden Chatswood apartment development, The Bryson of Chatswood.

The project, on the Pacific Highway near Beauchamp Park, will comprise 70 one, two and three-bedroom apartments across its 26 levels, including a collection of&nbsp;skyhomes and penthouses.

Located in the heart of Chatswood, the 90 metre tall tower offers expansive views across the Sydney CBD and beyond. Drawing on Sydney’s established narrative, this development embraces its context with a design language inspired by both the industrial ambience and urban vibrancy of its streetscape.&nbsp;

Goldfields CEO Lachlan Thompson said that the launch of The Bryson marked a significant milestone for the increasingly diversified developer.

“We are very excited to mark the latest step in our strategic vision for expanding our presence in New South Wales,” Thompson said.

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“Sydney’s Lower North Shore has become one of the most sought-after places to live and work in Australia and we see this trend continuing well into 
the future.

“We saw an unmissable opportunity to bring high-quality mixed-use residential space to an area that is demanding it. We are thrilled to present our vision for The Bryson at the heart of booming Chatswood.”

<h2>The Design</h2>

Architecture firm MAKE handled the design of The Bryson, noting they&nbsp;designed the building form with four vertical ceramic blades that create a full-height cruciform shape.

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"The blades curate apartment views and define the residential quadrants of the floorplate, while controlling daylight exposure, shading and ventilation.

"Their earthy, terracotta colour will visually ground the building within its local context, taking a cue from nearby brick residential buildings.

There was also a focus on wellbeing in The Bryson, which features&nbsp;communal open areas with a swimming pool, reading lounges, pool deck, outdoor terraces with barbecue facilities, dining areas and fire pit lounges.

"We’ve maximised the podium rooftops to provide amenities to residents, including a lap pool, outdoor dining spaces, a yoga terrace and landscaped terrace gardens," MAKE added.

"We’ve also included landscaping at the ground level and publicly accessible open space that’s shaded by large canopy trees.

"With its projected 5 Star Green Star rating, it will set the standard for future development in the Chatswood area."

<h2>The Location</h2>

The Bryson is located in the heart of Chatswood, offering residents easy access to a range of transport connections. The area is serviced by multiple bus routes and train lines, with Chatswood Station just a short walk away. The M2 Motorway also offers direct access into Sydney’s CBD and beyond.&nbsp;

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For international travellers, The Bryson offers convenient proximity to both Sydney Airport and Kingsford Smith International Airport. Residents can also take advantage of nearby ferry services which provide direct links to Manly Beach and other popular destinations along the harbour foreshore.&nbsp;

In addition to its excellent transport connections, The Bryson also enjoys close proximity to some of Sydney’s most iconic attractions including Taronga Zoo, Luna Park and Balmoral Beach.

“Chatswood is a mecca of multi-faceted appeal,” Thompson added.

“The area has several quality schools, an abundance of parks and green space, seamless connection to major arterials and transport exchanges and nurtures a thriving commercial landscape which positions it as a suburb of convenience and ample future opportunity.

“We are thrilled to be part of the ongoing evolution of the vibrant Chatswood skyline through the carefully considered design of The Bryson.”

<h2>The Amenity</h2>

Nature is a constant thread through the building’s shared spaces, offering lush garden zones, earthy tones, fresh air and natural light throughout.

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The rooftop terrace was designed as an urban resort.&nbsp;Offering views across the surrounding Chatswood CBD, the rooftop features a swimming pool, terrace, gardens, barbecue facilities, and outdoor furniture.

Integrating into the vibrant public realm of Chatswood is a ground floor retail offering that acts as a threshold between the neighbourhood and the private residences above. Strata office suites will be located on levels two and three.

<h2>What's on offer</h2>

Colliers Australia are handling the sales, with prices starting from $865,000 for the one-bedroom apartments.

The two-bedroom apartments range in price from $1,195,000 for a unit without parking, to $1,765,000 for a two-bedroom, two-bathroom apartment with a parking space.

The largest apartments, the three-beds, start at $2.34 million and rise incrementally to $4.63 million for the sub-penthouses.

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Colliers Australia are handling the sales, with prices starting from $865,000 for the one-bedroom apartments

Goldfields launch The Bryson of Chatswood apartments

Prominent Australian developer and builders, Coronation Property has announced its continued expansion into Sydney&rsquo;s inner-city ring with the acquisition of a $200 million mixed-use development site in Chatswood.

Located at 57-61 Archer Street, the site sits in the centre of the suburb and across the road from key amenities including Westfield Chatswood and Chatswood Chase. It&#39;s also just&nbsp;a 10-minute walk to Chatswood Station.

Coronation Property will utilise the connected site to deliver a mixed-use precinct with around 2,000 sqm of retail space and 130 residential dwellings.

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Head of Urban Transformations at Coronation Property, Aras Labutis said the acquisition represents an important milestone for the company as they continue to focus on mixed-use sites around Sydney.

&ldquo;The Chatswood site presented a unique opportunity for Corontion Property to contribute to what we see as one of Sydney&rsquo;s fastest-growing precincts. With the State and Willoughby Councils committed to further developing Chatswood as a major employment and residential hub, we are excited to respond to the demand for more housing in the area and build upon an already highly sought-after community.&rdquo;

&ldquo;The site is in an ideal location, in a blue-chip area that is currently experiencing extensive investment into its town centre and the surrounding infrastructure. These factors will drive further growth in the area and make Chatswood an excellent opportunity for owner-occupiers and investors,&rdquo; Labutis added.

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Over the last five years, the Council has been in talks with the Chatswood community, developing a strategy to grow the town centre as a major employment hub and a vibrant residential precinct.

Coronation Property&rsquo;s project will tie into the overarching vision to enhance Chatswood&rsquo;s evolving growth strategy, with the group intending to work closely with both the State and Willoughby Council throughout the citywide rezoning process.

&ldquo;The new development represents a continuation of Coronation Property&rsquo;s strategy to focus on transformative placemaking and aspirational inner-city residential projects,&rdquo; said Labutis.

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The Chatswood project further solidifies the group&rsquo;s already robust development pipeline, which currently has over $5.2 billion in major mixed-use projects, including the underway 8 Phillip Street in Paramatta development, Charlie Parker in Harris Park, Mason &amp; Main in Merrylands, Ashbury Terraces in Ashbury and Moore Point in Liverpool.

Construction for the Chatswood site is set to commence in 12 to 18 months, pending development approval.

Coronation Property will utilise the connected site to deliver a mixed-use precinct with around 2,000 sqm of retail space and 130 residential dwellings

Coronation Property acquires $200 million Chatswood development site, expect 130-apartment tower

Central Element has lodged plans for a $150 million mixed-use tower at 15 Ellis Street and 753 Pacific Highway, Chatswood.

Sydney architects, SJB are behind the design of the plans after winning a design excellence competition process endorsed by the Willoughby Council.

The design statement, signed off by SJB&nbsp;Director&nbsp;Adam Haddow, said the tower will be set&nbsp;on a stone base &ndash; a reference to the former rocky ridgelines that Sydney is famous for.

&nbsp;<a href="https://www.urban.com.au/new-apartments/753-pacific-highway-chatswood"><img alt="" height="1050" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-10_at_2.08.09_pm.png" width="956" /></a>

Render of the proposed developed along the Pacific Highway. Credit: SJB

&ldquo;Our proposal has sparked an excitement for the potential of this unique site and the role the project could play in the Chatswood built form milieu,&rdquo; the statement read.

There&rsquo;ll be 49 apartments delivered in the tower, including one one-bedroom, 16 two-bedroom and 32 three-bedroom residences, typically with four apartments per floorplate, each with a corner frontage.

Utilising every square inch was a major design focus for the group, with apartments spanning from 69 sqm to 172 sqm.

&ldquo;We believe that the best residential apartment plans are simple. Straight forward rectilinear geometry helps to deliver spaces that are easy to furnish, are flexible over time and are easy to use. Real Estate is expensive in Sydney &ndash; we need to make every square meter count,&rdquo; the statement added.

There will be some 1200 sqm of retail and commercial space,&nbsp;set out&nbsp;across the podium levels of the tower, as well as dedicated communal facilities planned for levels two and nine,&nbsp;with a wellness centre and communal lounge proposed.

<a href="https://www.urban.com.au/new-apartments/753-pacific-highway-chatswood"><img alt="" height="1214" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-10_at_2.07.21_pm.png" width="910" /></a> 
Render of the proposed developed along the Pacific Highway. Credit: SJB

&ldquo;In the current environment where people are spending more time at home, the proposal seeks to provide a unique offering to residents at their doorstep,&quot; the statement continued.

The wellness centre will home a variety of flexible indoor and outdoor spaces, including a spa, change rooms, a gym and a yoga deck. A generous rooftop podium will also be available to residents at this level, with outdoor seating integrated with landscaping to form a series of habited gardens.

The level nine communal lounge will provide additional amenity and space for residents, with a generous balcony space capturing views towards the city.

The tower is slated for completion by 2024. CBRE will be handling the sales of the tower which will launch later this year.

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Sydney architects, SJB are behind the design of the plans after winning a design excellence competition process endorsed by the Willoughby Council

Central Element lodge plans for $150 million Chatswood apartment tower

Sun Property Group, the prominent developer in Sydney&#39;s Lower North Shore,&nbsp;is set to take on one of its highest density projects to date.

They&#39;ve secured a vast development site&nbsp;in Chatswood, which will be their first in the suburb, and are embarking on creating two towers, with around 180 apartments, across the block at 1-17 Bowen Street.

Sun Property Group&#39;s General Manager, Cameron Johnson, says there&#39;s a lot of growth potential in the Chatswood area.

&quot;Naturally as we foresee net migration rising substantially, and workers continue to look for somewhere near employment, we believe Chatswood market has a lot of potential growth,&quot; Johnson told Urban.

While pivoting away from their more traditional boutique developments, some of which offer just a handful of apartments, Johnson believes they will still be able to attract a similar customer demographic to&nbsp;what they&#39;re used to.

&quot;While we&#39;re not producing the size of the boutique residential apartments that we usually offer, we&#39;ll still be looking to include products that over oversized,&quot; Johnson says.

&quot;We&#39;ll be doing two-bedroom apartments at around 85 sqm to 90 sqm, rather than the more traditional 70 sqm size of a regular two-bed.&quot;

Johnson says naturally there will be more investors given Chatswood&#39;s solid transport infrastructure and&nbsp;employment opportunities, but there will be stock to suit every buyer.

<a href="https://www.urban.com.au/new-apartments/1a-17-bowen-street-chatswood-nsw-2067"><img alt="" height="495" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-03-22_at_10.53.03_am.png" width="719" /></a> 
Where the Bowen Street site sits in proximity to Chatswood. Image credit: CoreLogic

&quot;The three-bedders will be designed for those who either have children or are looking to start a young family, and the two-bedders will be suiting young buyers who want work from home space and on site recreation.&quot;

Construction on the site is expected to commence in early 2024, with the development to be released in stages. There should be around 70 apartments developed in the first stage, at the start of the Bowen Street site.

Tony Leung at A+ Design Group is currently working on the plans, with development application lodgement expected later this year.

The site was secured alongside SPG&#39;s funding and equity partner, Qualitas, and will add $250 million revenue to SPG&#39;s pipeline.

SPG recently broke into the Melbourne market, where they have launched Euroka, a boutique collection of apartments in the heart of Toorak, one of Melbourne&#39;s blue chip suburbs.

Euroka&nbsp;is inspired by Melbourne&rsquo;s iconic Roy Grounds House &ndash; once home to one of Victoria&rsquo;s most influential modern architects.

The renowned architect and design firm,&nbsp;Carr Design, has created the 10 luxury apartments, which includes two ultra-luxury penthouses.

Sun Property Group's General Manager, Cameron Johnson, says there's a lot of growth potential in the Chatswood area

Sun Property Group secure Chatswood apartment development site, plan two towers

A $2.669 million sale was the nation&#39;s highest reported weekend auction result amid 476 apartment offerings.

It was an 18th floor northeast corner apartment with a 131sqm layout.

The listing came with two car spaces and storage in the security complex with a 24-hour concierge.

Its sale price bettered the prior top sale, also on the 18th floor in May, at $2,180,000.

The tightly held apartment was sold by Adam Wong at Di Jones, having last sold off the plan at $660,000 in 1999.

Two-thirds of Walker Corporation&#39;s Regency Chatswood had sold in its 1998 marketing when Walker Corp took 175 deposits in the 299-unit Regency Chatswood project.

Walker Corp&#39;s $250 million development of the residential Regency Chatswood project was on the site of the former Wallaceway retail block in the heart of the shopping centre.&nbsp;

The development is to be completed in two stages comprising a 26-storey twin tower site with 534 apartments ranging in price from $185,000 to $1 million.&nbsp;

At the time there were three other residential projects under construction in Chatswood and seven projects with 1220 dwellings having development approval.&nbsp;

Some of the bigger residential projects for sale were Meriton&#39;s Bentleigh development on Victoria Avenue and The Chelsea on Brown Street.

There were 467 apartments amid the 1,977 homes taken to auction across the combined capital cities last week, revising down from the 2,106 originally expected as a number of vendors reschedule to a later date.

The national apartment clearance rate was 56 percent while the house success rate sat at 65 percent.

Sydney agents advised 158 of 176 apartment results with a strong 82 percent selling.

A Drummoyne apartment at 9/11 Bayswater Street sold for $878,500 at online auction on Saturday, at $118,500 above reserve through Ray White Drummoyne agents Mario and Jessica Carbone.&nbsp;

There were 10 registered bidders with seven of them active in seeking the two bedroom abode.&nbsp;

The winning bid was a first home buyer moving from the inner city.&nbsp;

The vendor had previously lived in the home before moving to Melbourne and turning it into an investment property.&nbsp;

Melbourne&#39;s auction clearance rate was hit by withdrawals as prospective buyers are unable to physically inspect a property.

CoreLogic calculated a 40 percent success rate after high withdrawals.

Melbourne agents advised 188 results of the 267 offerings.

The dearest result was when $1,629,500 was paid for a four bedroom, four bathroom townhouse at 21a Melva Street, Bentleigh East.

The price guide had been $1.42 million to $1.52 million.

The modern security apartment was located on the 18th floor of the Regency Apartment complex


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Record Walker Corp Regency Apartment, Chatswood sale tops weekend sales

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The Sydney developer Develotek is selling a 5420sq m Chatswood site with $250 million hopes.
The site includes houses at 51-61 Archer Street, 30-32A Bertram Street and 34 Albert Avenue.
Knight Frank are handling second-round expressions of interest, with a likely deal to be closed by January, according to Fairfax Media.
It is being marketed as "The Bertram", with the prospect of 400 apartments in a 90-metre tower. There is a heritage cottage which will be restored.
Develotek, which has a history of door-knocking owners of private properties to put together large residential sites, amalgamated 38 properties in 2015 for a proposed 700 apartments at Granville.
It is understood Develotek has options over the privately owned Chatswood properties, eight houses and 12 townhouses.
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Develotek list Chatswood site with $250 million hopes

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A three-bedroom, two-bathroom mortgagee apartment in Chatswood has been listed for $2,850,000 through Ray White
The <a href="https://www.raywhite.com/nsw/chatswood/1898211/" target="_blank">Post Office Lane property</a> sits on the 37th floor of the highly sort after Metro Residence that showcases vast 270 degree views of Sydney and the Pacific Ocean.
The open-plan living expanse connects to a north facing outdoor room welcoming both natural light and panoramic district vistas through a selection of picture windows. 
The Miele kitchen features a stone topped island bench and effortlessly interacts with the dining and living areas. 
Equipped with an abundance of storage, each bedroom boasts built-in robes in addition to three linen cupboards within the wide hallway. 
The apartment is easily accessible with multiple lifts linking to the secure double parking and a luxurious entry foyer positioned directly opposite Woolworths adjoining the Chatswood Train Station. 
The apartment last sold for $2,310,000 last February, and $1,370,000 in 2011. 
According to Realestate.com.au, 25 other three-bedroom apartments in Chatswood have recently been sold, with the latest being a three-bedroom, two-bathroom apartment on Katherine Street which sold for $2,350,000 on March 4, 2020. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/4/14/3_Chatswood%20Living%20Room.jpg" alt="">
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