Mirvac has got the go ahead for its Bondi apartment project after the Waverley Council approved the residential development.
190 apartments are expected to be a part of the new development which is to be built over five low-rise and mid-rise buildings.
Bondi by Mirvac will be built on the 11 138 square metre site fronts both Ocean Street and Wellington Street.
The site was bought by Mirvac in December 2013 for $53.5 million.
The buildings will be designed by William Smart and will feature views of Bondi Beach and the harbour.
The heritage-listed Scarba House is going to be the centrepiece of the project and is expected to be preserved.
Mirvac Group Executive Residential John Carfi
told The Daily Telegraph, “it has been several years since Mirvac was last in the eastern suburbs and we look forward to once again having an opportunity to make a positive contribution to the built environment of Bondi.”
“Significant heritage-listed Moreton Bay Fig trees that are integral to the character of the site will be retained and will form part of extensive new landscaped open space,” Mr Carfi said.
The site is close to Bondi Road and is on the same street as Wellington Street Public School.
Sales are expected to commence this month.