The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
FULL PROGRAM RELEASED FOR URBANITY-25 CONNECTING PROPERTY LEADERS ACROSS THE ASIA PACIFIC
FULL PROGRAM RELEASED FOR URBANITY-25 WHERE THE PROPERTY INDUSTRY CONNECTS
VIEW FULL AGENDADETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
ResidentialClare BurnettWed 10 Apr 24

Apartments to Rise on Site of Potts Point’s La Strada

La Strada Potts Point EDM

A multi-level apartment complex has been approved for Macleay Street in blue-ribbon Potts Point.

Peter Metzner, the owner of events and fashion PR company The Arc Factory, acquired the 95 Macleay Street site for $8.5 million from Giovanna Toppi, a “trailblazing” restaurateur who died in 2021.

Toppi was the matriarch of famed 1980s and 1990s restaurant La Strada, and the new apartments have been named in its honour. 

The building currently has three ground-floor commercial tenants and two apartments above. 

The development application will allow Metzner to develop the site into four full-floor, three-bedroom apartments of 138sq m to 142sq m, plus a 413sq m two-level penthouse.

Metzner told The Urban Developer that the DA had been challenging but collaborative “and involved robust discussions with the council”, which had resulted in the first multi-level site approved for Macleay Street for more than two decades.

“Much work was completed around view loss and solar access, and relocating the building form on the site to best resolve these matters,” he said. 

null
▲ The development includes saunas and for the penthouse, a rooftop pool. 

“NSW Heritage undertook a major study of the existing building, which is significantly dilapidated, and the finishes, in particular the brick, were of interest to the council, as were the balcony and landscaping.”

The apartments are valued from $5.4 million to more than $20 million. Two apartments sold in the first three weeks of the sales campaign that launched on March 20.

“Potts Point is a wonderful, well-appointed village to live in and perfect for downsizers. It’s one of Australia’s most cosmopolitan and sophisticated city-fridge living locations,” Metzner said.

Metzner has focused his development on the City of Sydney fringe, completing two multi-level commercial buildings at Surry Hills and Darlinghurst. 

His next development is a waterfront development at Kenneth Street, Tamarama, a project that would deliver three luxury residences in the sought-after area 6km east of the CBD.

Construction of the La Strada residences is due to begin this year and the announcement of who will build it is said to be imminent.

Potts Point continues to be an attractive option for developers, with adaptive reuse plans for heritage terraces, more luxury apartments from Knox Group and a project from Time & Place in the works. 

ResidentialAustraliado not useSector
AUTHOR
Clare Burnett
More articles by this author
ADVERTISEMENT
TOP STORIES
Exclusive

Accor Deputy Delivers Verdict on Brisbane Games Hotel Shortfall

Phil Bartsch
6 Min
Qld Budget 2025-26 Brisbane City
Exclusive

Billions Promised, Now Deliver: Industry’s Qld Budget Verdict

Vanessa Croll
6 Min
Medium Density housing in NSW
Exclusive

NSW Budget ‘Groundbreaking’ $1bn Guarantee to Unlock Housing

Leon Della Bosca
7 Min
Exclusive

Azure’s Trent Keirnan on Playing the Long Game

Taryn Paris
5 Min
Exclusive

Private Credit Surge, Skittish Buyers Force Banks to Loosen Presale Rules

Taryn Paris
5 Min
View All >
A workman on scaffolding at Kingloch Parade in Wantirna.
Sponsored

Kingloch Parade Pushes Through Industry Headwinds

Partner Content
Exclusive

Accor Deputy Delivers Verdict on Brisbane Games Hotel Shortfall

Phil Bartsch
Hotel

Authenticity Over Opulence Key to Luxury Hotel Success: Robbyn Carter

Taryn Paris
One of the makers behind the Mondrian Gold Coast, Carter shares her design philosophy and why scale and brand do not imp…
LATEST
A workman on scaffolding at Kingloch Parade in Wantirna.
Development

Kingloch Parade Pushes Through Industry Headwinds

Partner Content
3 Min
Exclusive

Accor Deputy Delivers Verdict on Brisbane Games Hotel Shortfall

Phil Bartsch
6 Min
Hotel

Authenticity Over Opulence Key to Luxury Hotel Success: Robbyn Carter

Taryn Paris
3 Min
the rooftop pool of an apartment building in kangaroo point by mosaic property group
Residential

Mosaic Forgoes PR, Secures $205m Kangaroo Point Sales

Renee McKeown
2 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/potts-point-apartments-macleay-street-approved