The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Interested in a Corporate TUD+ Membership? Access premium content, site tours, event discounts and networking opportunities
Interested in a Corporate Membership? Access exclusive member benefits today
Enquire NowEnquire
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Partner Lab
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
ResidentialRalph NicholsonMon 04 Sep 23

Clutch Wins Shoptop Approval as Bondi Beach Runs Hot

Bondi Approval Hero

Sydney-based eastern suburbs developer Clutch has won approval for 15 luxury apartments in Bondi, less than 300 metres from Australia’s most famous beach.

The New South Wales Land and Environment Council (LEC) agreed to the three-storey shoptop development last week after a mediation session with Waverley City Council.

Clutch said it expected to begin construction late next year on the 2080sq-m site at 141-155 Curlewis Street.

A mix of older residential and retail buildings—all between one and three storeys—will be demolished to make way for the development, which will include seven retail tenancies, three of which will front Curlewis Street.

Two basement levels—one for residents and the other for commercial customers—will provide parking for a total of about 50 vehicles.

It is the third time Clutch, which has projects in Rose Bay, Bellevue Hill, Bondi and Double Bay, has worked with PBD Architects.

Twelve of the apartments will have three bedrooms, and range in size from 171 to 189 square metres. Three penthouse apartments will have floor spaces of more than 300 square metres.

An architect's render of the Bondi Beach Shoptop proposal.  The approved development will include 15 luxury apartments and seven retail tenancies.
▲ The approved development will include 15 luxury apartments and seven retail tenancies.

The developer will amalgamate four lots to house the project. Online records show the property was put together in two transactions of $14.25 million and $55.25 million.

Clutch’s senior development manager Nick McCarthy said the developer intended to retain long-term control of the retail element.

“Too often do you see developers sell off their retail and the future owners then do not concern themselves with the adaptability and synergy of the residents above,” he said.

“We wish to address that by controlling the retail and curating a precinct that the community and the future occupants can enjoy together.”

Clutch went to the LEC for mediation after 42 days had passed since the application was lodged, thus triggering a “deemed refusal process.”

“Generally we take all out projects to the LEC, more so for certainty while working with council,” McCarthy said. “We can work with them a lot better through a Section 34 mediation process than with RFIs (request for information) going back and forth.

“There’s probably two reasons we normally do that—one is time and the other is certainty of an outcome.”

An aerial image of the Bondi acquisition.  Central Element has paid $51 million for the site which runs between Sandridge Street and Bondi's famed cliff-top walk.
▲ Central Element has paid $51 million for the site which runs between Sandridge Street and Bondi's famed cliff-top walk.

Bondi Beach has been going through something of a revitalisation in the past 18 months, marked by the reopening of the Bondi Pavilion—a near century-old hub for the beach community—after a $48-million heritage restoration.

Just this week independent Sydney property developer Central Element announced it had acquired three lots totalling about 2000sq m with panoramic views of the beach.

Central Element paid $51 million for the site at 20-22 Sandridge and 21 Wilga streets, and now intends to develop what it described as “a limited number of ultra-premium apartments and houses.”

Prices, the developer said, would start at about $20 million.

The deal was brokered by Ric Serrao and Alex Lyons from Raine and Horne.

“The Bondi Beach market is one of the most exciting in Australia at the moment, attracting affluent buyers from lucrative industries such as tech, fashion and finance,” Serrao said.

“Apartments are commanding more than $100,000 per square metre, with the recent sale of Notts Avenue to Andrew Roberts, former managing director of Multiplex, achieving in excess of $125,000 per square metre.”

Central Element expects to lodge a development application by the end this year, with construction expected to start by 2026.

Residentialdo not useAustraliaPlanningReal EstatePlanningSector
AUTHOR
Ralph Nicholson
More articles by this author
ADVERTISEMENT
TOP STORIES
Anthony and Paul Mancini HERO TEMP
Exclusive

Adapt or Die: How Mancini Pulled Back from the Brink

Leon Della Bosca
8 Min
Elanor Investors Tweed Mall masterplan
Exclusive

Tweed Marks Time as $900m Mall Redevelopment Goes Quiet

Renee McKeown
6 Min
High-density residential construction in Melbourne
Exclusive

Stabilising Conditions in Melbourne Bring Hopes of Improved Feasibility

Leon Della Bosca
6 Min
QBCC project trust accounts hero
Exclusive

Developers Warned as Commission Cracks Down on Subbie Pay Scheme

Clare Burnett
7 Min
Urban Infill site at Tonsley SA
Exclusive

SA Grapples with ‘Development Killer’ Carparking Law Changes

Leon Della Bosca
7 Min
View All >
Balmain Leagues Club EDM
Residential

Perifa’s Ex-Balmain Leagues Plan Clears Final Hurdle

Clare Burnett
the view to Victor Harbor in Greater Adelaide.
Residential

Bill Unlocking 61,000 Home Sites Passes in South Australia

Renee McKeown
Coliving Chippendale EDM
Residential

Plans for $31m Co-Living PBSA in Sydney CBD Revealed

Clare Burnett
As well as Buddhist student living plans, a 19th-century warehouse conversion has been proposed in the latest wave of co…
LATEST
Balmain Leagues Club EDM
Residential

Perifa’s Ex-Balmain Leagues Plan Clears Final Hurdle

Clare Burnett
3 Min
the view to Victor Harbor in Greater Adelaide.
Residential

Bill Unlocking 61,000 Home Sites Passes in South Australia

Renee McKeown
2 Min
Coliving Chippendale EDM
Residential

Plans for $31m Co-Living PBSA in Sydney CBD Revealed

Clare Burnett
3 Min
GPT/QuadReal First Partnership EDM
Industrial

GPT, QuadReal’s $1bn Deal Joins Rush for Aussie Logistics

Clare Burnett
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/clutch-wins-shoptop-approval-as-bondi-beach-runs-hot