- Located at 173-179 Walker Street and 11-17 Hampton Street, North Sydney
- Development to comprise 189 residences, down from 266 residences in the ‘reference scheme’
- Purchased from Avenor last July
A Cbus Property joint venture has lodged a development application to deliver a residential project on the East Walk Street site in North Sydney.
Purchased from develop Avenor in July last year, the JV has engaged fjmt studio to design the 28 storey tower on the site’s north-west corner with a low-rise, four-storey podium to the east of the tower base on Hampden Street, plus six terrace houses fronting Walker Street.
Cbus Property and its partners were attracted to the newly rezoned site because it presented an opportunity to create a residential offering ideally suited to downsizers, young families and professionals.
The site’s proximity to the Victoria Cross Metro Station (planned to commence operation in 2024) was also a significant drawcard for the joint venture.
Proximity is also a selling point for another property on the market in North Sydney, The Property Tribune reported on an office tenanted by the United States Consulate General in Sydney and WeWork, recently.
The office underwent extensive upgrades to the building in 2019, including over $15 million in base building capital works.
The new Metro Station will see travel times to major locations reduced significantly: five minutes to Martin Place and three minutes to Barangaroo.
The circa $700 million development is located at 173-179 Walker Street and 11-17 Hampton Street, North Sydney, and will capture views back to Sydney icons including the Sydney Harbour Bridge, the Opera House, and Heads to the east and south east, and Neutral Bay to the north.
The terraces will directly connect to Walker Street with ground-floor courtyards and terraces overlooking landscaped grounds to the west. The podium will accommodate low-rise residences and a range of resident amenities.
The development application lodged provides for 189 residences comprising three studio residences, 41 one-bedroom residences, 68 two-bedroom residences, 60 three-bedroom residences, eight three-bedroom sub-penthouses, three four-bedroom penthouses and six four-bedroom Walker Street terraces.
The 189 number is 77 fewer residences than in the ‘reference scheme’, which was considered in the rezoning process by the previous owner and informed potential design outcomes within the approved site envelope.
Car park numbers have also been reduced, with 228 residential car spaces in the current proposal, as compared to 339 in the reference scheme.
North Sydney is emerging as an incredibly vibrant hub just north of the bridge, with some 80,000 workers expected in North Sydney by 2036, with plans underway to transform it into a second CBD.
Nineteen government projects are currently reinforcing Miller Street as North Sydney’s civic spine, joining 17,000 square metres of new parks, plazas, laneway networks and entertainment precincts.
Between Berry Street and the Pacific Highway, the potential closure of Miller Street creates an epic 7,450- square-metre public plaza outside the new Sydney Metro station, while a new smaller plaza outside the iconic post office provides another intimate setting for public enjoyment.
Plans for a Warringah Land Bridge will connect North Sydney with the other side of the freeway.
At the same time, the conversion of the tramway viaduct into a sizeable active recreation space and an upgrade to Primrose Park, featuring four new tennis courts, a barbeque area and a children’s playground, will deliver ample space for locals to enjoy the outdoors.