Brothers John and Stanley Roth are filing plans for three waterfront properties in Darling Point after months of negotiations with neighbour Michael Teplitsky.
The brothers have, since 1993, managed the extensive property portfolio built up over 30 years by their father, Henry, who died in 2000, aged 86.
Teplitsky wanted to buy John Roth and Jillian Segal’s waterfront properties but failed to settle on the reported $115.5-million deal to create a super-prime 2500sq m consolidated lot.
Instead, Teplitsky listed his own property for about $50 million, which the brothers picked up and six months later lodged plans for 77-81, 83-83a Yarranabbe Road, Darling Point.
The plans for Henroth Group designed by architects call for the existing two houses and apartment block to be demolished to create a five-storey residential block at cost of $43 million.
It would comprise eight apartments and 18 car parking spaces, with a modest-looking entrance off Yarranabbe Road.
There would also be a communal lawn space and a harbourside 25m pool with views to Sydney Harbour in plans by Spirit Level.
Roth and Segal purchased their properties at 83 and 83a in 2001 and the waterfront property in 2017.
Plans were filed with Woollahra Council to demolish the homes in 2012 and build apartments but it was refused by the council and an appeal later dismissed by the Land Environment Court in 2014.
In 2018, plans were approved to make additions to the waterfront home at 83a and build a five-storey apartment building behind it.
Meanwhile, Teplitsky purchased the neighbouring four apartments at 77-81 and won approval for a luxury Koichi Takada-designed four-apartment, six-storey tower on his amalgamated 1038sq m block in 2018.
However, the latest plans lay the previous approvals aside in favour of a single apartment block on the steep-sloped block.
Henroth Group has a number of other projects in the works including a 349-apartment development on Montague Road in Brisbane’s West End, which was approved in December.
