Bondi Junction to get new 20-storey unit block

A new 20-storey apartment building, which will be home to 129 units, has been given the green light in Bondi Junction.

The new building will house 129 apartments and will have views of the harbour and ocean.

Already a hub for sky-high property, Bondi Junction will soon have another tower on the horizon after Waverley Council gave the green light for a 20-storey apartment building.

Set to house 129 units, the $132 million development will also be home to a 395sq m retail space at the corner of Hollywood Ave and Oxford St in Bondi Junction.

Managing director of Leighton Properties, Mark Gray, said the approval of the yet to be named building will be a "unique" design by Kann Finch Architects and DC8 Architects.

The new 20-storey unit block with be at the corner of Hollywood Ave and Oxford St, Bondi Junction.

"The curvilinear design will be striking, incorporating the open space around the site and the corner location with an expressive architectural form. With all apartments facing either north or east, residents will have stunning views of the Sydney Harbour Bridge and the Opera House, Sydney Harbour, the Pacific Ocean and Botany Bay," he said.

"The development is consistent with Leighton Properties strategy to focus on inner ring urban renewal sites which are in prime locations, close to transport links, retail and places of work," Mr Gray said.

He said the highly sought after suburb had a "significant undersupply" of quality new apartments with a "strong pent up demand" for new property.

"We anticipate launching the project in the first half of 2014, offering a broad selection of premium apartments, including maisonettes, studios, one-, two- and three-bedroom apartments, most of which offer uninterrupted north facing views," he said.

Price points for the units have not yet been released.