Top Spring Australia has won approval to replace a 1.26 hectare St Leonards site with a master-planned community, The Newlands.
Set to contain 330 dwellings in five buildings, the project will be delivered at 21-41 Canberra Avenue and 18-32 Holdsworth in two stages.
The permit comes two years after the Lane Cove Council gazetted the St Leonards South Master Plan, which aims to increase local residential densities south of the Pacific Highway, west of the rail line.
Last September, the developer, a subsidiary of Hong Kong based Top Spring International, paid $94m for the Double Bay Plaza, offered permit-ready for a five storey complex with 94 apartments and ground floor retail.
The Newlands is designed with three major buildings overlooking Newlands Park – of eight, nine and 10 levels.
Two rear towers rill rise 11 and 12 storeys.
With an estimated end value of $440m, the development also includes townhouses.
Top Spring has appointed Colliers to market the dwellings (story continues below).
“The project will create a highly connected group plane that includes a six metre wide, east-west site link connecting Holdsworth and Canberra avenues, as well as to a proposal by council to extend the pocket park at the end of Holdsworth Avenue,” a statement from the developer said.
“In addition to the pocket park, the proposal will deliver a 2,500 square metre green spine that celebrates the transition from St Leonards’ urban centre along Berry Creek and down to Sydney Harbour’s shore,” it added.
“Meanwhile, rooftop terraces with large entertaining spaces and lushly landscaped frontages will grace all buildings”.
Top Spring’s local managing director Sydney Ma said the design will “speak to the bushland quality of the surrounding area” with a natural and earthy selection of materials and finishes.
“Health and wellbeing is also a strong consideration, with the scheme designed to maximise the number of dwellings that are naturally cross-ventilated, while more than seven in 10 dwellings will have more than one aspect,” he added.
Construction should start late this year.
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