Plans have been filed to build three residential towers up to 19 storeys in Sydney’s booming St Leonards South Precinct.
The application before the Lane Cove Council, valued at about $150 million, will include 211 apartments and 21 townhouses.
The development will go on 10 lots covering 6727sq m at 4-8 Marshall Avenue, 1-5 Canberra Avenue and 2-8 Holdsworth Avenue in St Leonards. That location is also known as Area One, Two and Four of the St Leonards South Precinct.
While currently characterised by low-density residential homes, in September 2020 the New South Wales government approved the area for higher density development.
That decision, which was supported by the Lane Cove Council, opened the way for developers to bulldoze about 100 homes to make way for future development.
One of the first projects approved in the precinct, a 12-storey, 84-apartment development by developer Hyecorp, was opposed by some residents and councillors, but ultimately approved by a state planning panel.
Another development given the green light is TopSpring’s 1.29ha project called The Newlands, which will include 330 apartments and terraces across five towers.
The application, by Evergreen Property and Investment, proposes three buildings of 12, 15 and 19 storeys and a total of 232 apartments or townhouses.
There will be four basement parking levels for 309 cars and 23 motorcycles.
The planned towers have been designed by Rothelowman architects.
About 3400sq m will be given over to communal open space, including rooftop garden terraces on all three buildings with barbecues and kitchen facilities, outdoor working space, and lounge and bar seating. One of the rooftop terraces will remain private.
A recreational deck will include a lap pool, two spas, and dining and lounging area.
There will be about 1300sq m for recreation areas around the buildings. The developers have budgeted $130,000 for public art within parks.
Ethos Urban, who put together the statement of environmental effects for the application, said there had been extensive pre-lodgement consultations between the developers and the council planners and design review panel, first in December last year, and then again in May and June.
In those discussions the developers were told an 8m-high pedestrian bridge, planned between two locations, would breach the 2.5m height control. The idea has been scrapped.
In response to other feedback, the developers have increased solid-to-glass ratios, added vision glazing and included additional shading elements. As part of the increased solar shading, vertical sunshades will block late afternoon summer sun and allow winter sun to penetrate.
The residential areas include 46 one-bedroom, 131 two-bedroom, and 34 three-bedroom apartments. The developers say they will include 28 affordable housing apartments with a minimum of two bedrooms and a floorplan of at least 70 square metres.
Ethos Urban told the council the development is consistent with the aims and objectives of the St Leonards South Landscape Masterplan.
“The proposed development will deliver high-quality residential dwellings within a strategic location, close to jobs, entertainment, places of interest, and public transport and services,” the application said.
“The redevelopment will increase vibrancy and life around, and within the St Leonards South Precinct by revitalising the area with contemporary dwellings that will provide high quality design and built form to the surrounding streets.”
Evergreen Property and Investment is not the first property developer to look to St Leonards South for high-density residential projects.
The Dan Family Investments Group’s New Golden International lodged an application for a $41-million apartment tower in the area in February this year.
More broadly, Sydney’s lower north shore has been the site of increasing interest and activity recently.
In June, Coronation Property acquired a 2000sq m site in Chatswood and is planning a $200-million apartment project.
Privately owned Coronation’s plans are for a 130-apartment project on the site at 57-61 Archer Street, about 10km from the CBD.
Also in June, Sydney-based developer Stockland Corporation’s $1.4 billion, 51-storey office tower was approved for North Sydney, making it the tallest building in the lower north shore.
North Sydney Council approved the development application for Affinity Place, which will be across three sites on Walker Street, between the Pacific Highway and the Warringah Freeway.
And this month one of the area's landmark hotels, The Oaks, went on the market.
The Thomas family, who bought the lease in 1975, have listed the Neutral Bay institution for a jaw-dropping $175 million with forecasts it could go for more.