The Urban Developer
29 August, 2018
Sydney-based developer Coonara Developments has lodged plans with Waverley City Council for a $60 million mixed-use development in Bondi Junction.
The 2,070sq m site, located at 47-55 Grafton Street, is currently occupied by an eight-storey building which would be subject to demolition pending council approval.
The proposed 21-storey, designed by architecture firm Koichi Takada, will include a 6-storey podium to house double height retail tenancies and the residential lobby.
The residential building will consist of studio, one, two and three-bedroom apartment types totalling 106 dwellings, as well as 116 car parking spaces and 23 motorbike spaces.
One bedrooms will provide a minimum of 60sq m with split level luxury apartments reaching up to 287sq m.
Bondi Junction has been a hive of activity for new apartment development and has seen a spate of residential towers being lodged with council within the last 12 months.
Late last year, Stargate Property Group launched its $124 million “Bondi Central” residential tower, billed for completion is mid-2019.
Iris Capital’s $70 million residential development, Grand Bondi Junction, designed by architects Bates Smart launched August last year.
Project completion is expected for 2019.
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