New vision for Darling Harbour
The Darling Harbour Live development will feature a new International Convention Centre, state-of-the-art entertainment complex and revitalised public spaces. Vision: Lend Lease.
The last stage of Lend Lease’s Sydney CBD development, Darling Square, a third release of 391 apartments, sold out in a matter of hours on Saturday.
More than 400 buyers turned up to snag a new inner city unit, with prices ranging from a $630,000 studio to a $3.5 million three-bedroom penthouse.
The whole precinct is being redesigned so it will be a beautiful place to live.Kel Fitzallen, buyer
Designed by architect Richard Francis-Jones, from Francis-Jones Morehen Thorp, of Barangaroo Anadara fame, the apartments are located on the site of the former Entertainment Centre. Kel Fitzallen signing the contract for his three-bedroom apartment in Darling Square.Photo: Supplied
With new high rises set to dot the skyline as Darling Harbour undergoes a $3.4 billion revitalisation, managing director of Lend Lease urban regeneration, Jonathan Emery, said they were “thrilled with the response” from buyers.
All the apartments in the Saturday release were sold in under five hours.
“People clearly recognise the value of owning and living in such a fantastic location near the CBD. They are also buying into the new Australian dream of inner city living where everything is on your doorstep,” Mr Emery said. What it will look like inside one of the new Darling Square offerings. Photo: Supplied
One of the buyers was Kel Fitzallen, a partner at PricewaterhouseCoopers, who snapped up one of the three-bedders.
“The whole precinct is being redesigned so it will be a beautiful place to live,” Mr Fitzallen said.
He also purchased an apartment in the first release in 2014. Darling Square, the Lend Lease project at Darling Harbour in SydneyPhoto: supplied
Darling Square has now cemented itself a history of repeat successes with buyers in the Sydney market, with the second stage also securing two $10 million-plus penthouse buyers and $600 million worth of sales.
The apartments sold through CBRE Residential Projects.
“Sydney’s apartment market remains one of Australia’s most under-supplied markets,” chairman Justin Brown said. “As the city’s infrastructure continues to improve, demand will escalate.”
Within the development, 35 per cent of the site will be public space, including a new urban square. A new plaza and laneways will be created to provide connectivity.
The Darling Square development includes 1500 apartments, with the development due for completion in 2019. It has a 100 per cent walkability score, according to Walk Score, and is expected to house 4200 residents.
The redevelopment has been awarded a 6-star Green Star Communities rating from the Building Council of Australia.
Artist’s impression of stage three of Darling Square.
Kel Fitzallen signing the contract for his three-bedroom apartment in Darling Square.Photo: Supplied
What it will look like inside one of the new Darling Square offerings. Photo: Supplied
Darling Square, the Lend Lease project at Darling Harbour in SydneyPhoto: supplied
