James Packer backs another apartment project
James Packer, who since selling out of Crown Resorts in 2022 has been dabbling in, amongst other ventures, property development, has teamed with Time & Place for another Manly project.
The pair plan seven dwellings over five levels at 101 North Steyne.
Also with ground floor retail and 16 car parks, Smart Design Studio is the architect.
Time & Place applied for the project six months ago.
The project sought a variation to height (16.4 metres against an allowable 13m) and floor space ratio (1.93:1 compared to 1.5:1).
It also proposed sustainability initiatives including a green roof system, photovoltaic panels and high-performance facades.
Elsewhere in the suburb, Mr Packer’s real estate investment vehicle, NPACT, with Time & Place, is completing construction of a five floor complex, Two Tides Manly, with 24 apartments, at 9 Raglan St.
Last December we reported the partnership would replace a David Jones warehouse in Surry Hills with 156 apartments.
The pair are also planning a luxury residential project in place of the Chimes complex, in Potts Point, a holding which like 101 North Steyne, Time & Place acquired from a number of strata owners.
NPACT invests again
The North Steyne commitment comes a fortnight since we reported NPACT would team with Orchard Piper to replace the outgoing Leo’s Fine Food & Wine Supermarket, in Melbourne’s Kew, with a residential-based mixed use project – not aimed at luxury buyers.
The same pair are also developing two Toorak projects, again in the Victorian capital, including the ex-Mercedes-Benz Toorak dealership and another block on Mathoura Rd.
Meanwhile in Corio, north of Geelong, NPACT, with Sivasli, is behind a couple of entry level housing estate projects with affordable housing components, set to replace schools.
Time & Place, led by Tim Price, is Melbourne-based.
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