This article is from the Australian Property Journal archive
PROPERTY developer Clutch has created one of the single largest mixed-use development sites in Sydney’s sought-after eastern suburbs with its $16 million acquisition of a Bondi Beach property.
The off-market purchase of 135-139 Curlewis Street gives the group a 2,600 sqm supersite, incorporating its existing 2,080 sqm DA-approved 141-155 Curlewis Street site. The DA, secured in recent months, allows for the construction of 15 luxury apartments and three retail tenancies. Construction is slated to begin in late 2024.
“This marks our third combined acquisition within Bondi Beach, facilitating an expansive canvas for us to create not only an icon but more importantly, curate a lifestyle. We are aiming to redefine the very essence of beachside living and luxury,” said Clutch associate director Maxwell Chiu said.
Colliers’ Matt Pontey and Miron Solomons secured the off-market deal for 135-139 Curlewis Street on behalf of an amalgamated owners’ group. Albert Talarico of Lisa Steele Real Estate was also involved in the deal.
“The patience of the developer over a long period of time is sure to pay major dividends in the long run as they’ve unlocked what is arguably the best positioned site in all of Bondi Beach, with exciting plans already in the works,” Solomons said.
Famous Bondi Beach has become something of a development hotspot, as developers look to take advantage of the high demand for luxury living in Sydney’s eastern suburbs.
In September, Central Element spent $51 million acquiring a 2,000 sqm site for an “ultra-premium” residence project that will offer panoramic views from world-famous Bondi Beach to the Ben Buckler headland.
Boheme, Pacific, Eurangi, Pipi and Aqualine are all active in the area, as the combination of amenity, links to the CBD, popular dining and entertainment and the beachside lifestyle continue to draw in interested parties from around Australia and the world.
