$300m luxury development to revive historic Sydney Harbour site
A heritage site on Sydney Harbour is set to be transformed into a sprawling waterfront development featuring 67 luxury apartments and townhouses as well as marina berths.
A heritage site on Sydney Harbour is set to be transformed into a sprawling waterfront development featuring 67 luxury apartments and multistorey townhouses as well as 36 marina berths.
The $300m redevelopment at Putney, 14km northwest of the Sydney CBD, will transform the site that was once the home of the historic Halvorsen Boat Shed, one of Sydney’s largest boatbuilding groups owned by the Halvorsen family since the 1930s.
Putney Wharf Residences, which has been granted council approval, will offer three-storey townhouses and apartments comprising heritage components such as original timber beams and other preserved materials to create character-rich interiors with a nod to the boating history of the site.
Prices are expected to start from $1.9m for a two-bedroom unit; $3.5m for a three-bedroom apartment; and $3.9m for a four-bedroom terrace.
The project will also include a 213sq m four-bedroom penthouse within the heritage-restored Boatshed Apartments complex complete with panoramic harbour views. The price of the penthouse is yet to be divulged.
The prices of the marina berths are also yet to be set in the project, which is being developed by joint-venture partners Abadeen Group and PERIFA, along with their partners Phoenix Property Investors and Mitsubishi Estate Asia.
The $300m heritage adaptive reuse site has 300m of waterfrontage as well as waterfront dining and retail.
Abadeen Group chief operating officer Joe Tack said the project was a unique opportunity to revitalise, restore and breathe new life into a significant waterfront parcel of land with a premium lifestyle-oriented wharf precinct.
PERIFA managing director and co-founder Fabrizio Perilli said Putney Wharf Residences was the company’s first major prestige harbourfront mixed-use development in Sydney, and the first of what he hoped would be many more ventures with Abadeen.
Designed by Sydney architects, SJB, with heritage consultants, Curio Projects, and landscape architects, Dangar Barin Smith, Putney Wharf Residences fronting 20 Waterview Street along Putney’s harbourfront, will sport 19 boatshed apartments, including 17 three-bedroom and two four-bedroom residences.
The 18 Waterview Terraces across three levels will have four bedrooms, and front Waterview Street.
The Residences at Putney Wharf will comprise two new-build three-storey apartment buildings of 30 units with a mixture of two- and three-bedroom configurations.
“Putney is a hidden harbourside gem, and Putney Wharf Residences offers an extraordinary opportunity to transform this rare waterfront site into a premium mixed-use development akin to the prestigious Woolloomooloo Wharf, with exceptional dining and residential combined to create the ultimate in waterfront living,” Mr Perilli said.
Development approval has been received, and construction is due to start imminently, and is expected to be completed by 2027.
CBRE Residential is marketing the project which is expected to be launched onsite in mid- October. To date there have not been any pre-sales of apartments or marina berths.
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