ExclusiveVanessa CrollTue 05 May 26
Fortis’s Rose Bay Scheme Turns Dirt After LMR Upscale Fight
Fortis has broken ground on a Rose Bay apartment project upscaled under NSW’s housing reforms, taking a $40-million site from 12 approved apartments to 21.
On Ian Street, land rises sharply from the road before opening towards Rose Bay in Sydney’s eastern suburbs, where harbour views and scarce amalgamated sites underpin demand for large, high-end apartments.
The approval takes the project from a three-storey consent to a six-level building, making it one of Rose Bay’s earliest projects under the Low and Mid-Rise (LMR) Housing Policy to move into construction.
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