Sydney Developer Plots High-End Apartments at Newport

Plans for luxury residential projects have been filed for sites in Sydney’s Rose Bay and Newport in the Northern Beaches. 

Restreet Pty Ltd, a development company from Alistair Jones, Stephen Jedovnicky and Kevin Lam has applied to the Northern Beaches Council for a luxury apartment development.

They plan to demolish the existing buildings at 54-58 Beaconsfield Street in Newport and build a part two, part three-storey residential building of 13 three-bedroom apartments with basement carparking.

The site is near the Kalinya Street Local Centre in the community, which was holiday destination up to the 1950s when before medium and low-density residential development increased. 

Median Newport prices range from $725,000 for a one-bedroom apartment to $1.8 million for a three-bedroom unit. 

Meanwhile, in sought-after Rose Bay, major amendments have been proposed for a high-end townhouse project. 

The plans submitted to Waverley council include the reconfiguration of floor layouts, new porches and steps, and the removal of internal and retaining walls for the project, which comprises four three-storey townhouses. 

The development is planned for a corner site at 70 George Street.

The latest projects continue a trend in Sydney for eastern luxury projects to move ahead while western and more affordable projects fall by the wayside.