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RetailTed TabetWed 29 Aug 18

Developer Lodges Application for 20-Storey Bondi Junction Tower

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Sydney-based developer Coonara Developments has lodged plans with Waverley City Council for a $60 million mixed-use development in Bondi Junction.

The 2,070sq m site, located at 47-55 Grafton Street, is currently occupied by an eight-storey building which would be subject to demolition pending council approval.

The proposed 21-storey, designed by architecture firm Koichi Takada, will include a 6-storey podium to house double height retail tenancies and the residential lobby.

The residential building will consist of studio, one, two and three-bedroom apartment types totalling 106 dwellings, as well as 116 car parking spaces and 23 motorbike spaces.

One bedrooms will provide a minimum of 60sq m with split level luxury apartments reaching up to 287sq m.

Related: Inner City Apartment Market Challenging for Developers

The design proposes a two level multi tiered communal open space between levels 1 and 2. Image: Koichi Takada Architects


Bondi Junction has been a hive of activity for new apartment development and has seen a spate of residential towers being lodged with council within the last 12 months.

Late last year, Stargate Property Group launched its $124 million "Bondi Central" residential tower, billed for completion is mid-2019.

Iris Capital's $70 million residential development, Grand Bondi Junction, designed by architects Bates Smart launched August last year.

Project completion is expected for 2019.

Furthermore, TWT Property's $40 million residential development, NewLife Bondi Junction, will create 70 apartments across 12-storeys.

Prices are expected to start at $774,000 for 47 sq m studios, while 192sq m penthouses are selling for more than $4.5 million.

Earlier this month, Waverley Council led by Mayor John Wakefield, asked Minister for Planning Anthony Roberts to block a proposal for giant twin towers in Bondi Junction.

The proposal to rezone 194-214 Oxford St and 2 Nelson St on the basis the 36m high development has been deemed "excessively large" with the maximum building height for the area at 15 metres.

ResidentialAustraliado not usePlanningPlanningSector
AUTHOR
Ted Tabet
The Urban Developer - Journalist
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Article originally posted at: https://theurbandeveloper.com/articles/developer-lodges-60-million-bondi-junction-tower