Fortis has submitted plans to the Woollahra Council to transform their 1 Mona Road property at Darling Point into a $ 90 million premium blended development.
By acquiring the property in 2020 for $ 17.5 million, the developer hopes to meet the growing demand for luxury apartments in Sydney’s Easter suburbs. Construction on the site is expected to begin at the end of the year.
“We have seen a significant demand for well-appointed boutique apartments in the south-east of Sydney in the last year, and the existing development in these suburbs is sold out in record time. Plans for this site in Darling Point have been updated in response to this requirement. This blending development in Darling Point has an expected end value of $ 90 million, and we are pleased to be able to deliver this to the market in the near future, ”said Fortis CEO Charles Mellick.
Designed by award-winning architects MHNDU and renowned interior designers Richard Stanisich, modern design is inspired by its context. The proposed new development will stand as a gateway between Sydney city center and the eastern suburbs, completed with a lush planting palette created by Wyer & Co.
The north-facing development will include six levels of luxury residential area with a combination of one, two and three-bedroom apartments as well as prominent retail and commercial offerings on the ground floor. All apartments will include external terraces or balconies, with selected apartments overlooking the city, harbor, nearby Paddington and surroundings.
Darling Point is located four kilometers east of the Sydney CBD and is close to the coast of Rushcutters Bay, Double Bay and the Sydney Harbor. The place is a short distance from Edgecliff Station, as well as major bus and ferry routes that provide direct access to the CBD, making it an ideal place to be located, with local schools, cafes, restaurants and specialty shops just a short walk away.
For more information on the development, visit www.fortis.com.au.