SYDNEY property developers Central Element (CE) and Develotek have kicked off construction at the first waterfront project to be released in Drummoyne in four years.
The record-breaking Bianca Drummoyne will be delivered by Sydney builder Trescon and comprise 12 ultra-luxe generous house-like proportioned three and four-bedroom waterfront residences. The first release of Bianca is now sold out, with the second release featuring a selection of residences now selling through McGrath sales agents Tracey Dixon and Rob Alfeldi.
Recent sales have set new benchmarks for luxury harbourside apartments in Drummoyne, averaging over $40,000 per sqm.
Local downsizers or empty nesters have made up the bulk of enquiry. Most residences exceed 200 sqm of internal space. Residences boast 10 to 13 metres of water frontage.
The elevated north-facing position on the northern edge of the peninsula optimises views offer views of Drummoyne Bay, out to the harbour and the city’s skyline.
A groundbreaking event was attended by CE directors Wayne Chivas, Shane Smollen and Nathan Chivas, Develotek director John Fernandes, Trescon directors Michael Kounellis and Nick Rodopoulos, and director of project designers SJB, Adam Haddow.
Trescon has a penchant for high-end luxury residences, notably delivering the revamp of a 1928 Wunulla Road, Point Piper residence led by architect Richard Stanisich that sold for $69 million.
SJB has previously partnered with CE on including Pienza Neutral Bay and Ethos Chatswood.
“At CE, we seek out exceptional sites in premium suburbs to build luxurious living spaces of the highest quality that establish new benchmarks for their respective areas. It is important that we have partners who really share in our vision, and we have no doubt that with Develotek, Trescon and SJB on board, we will create something truly remarkable with Bianca,” Chivas said.
Completion for Bianca is anticipated for mid to late 2025.
A display gallery is open by private appointment in Hunters Hill.
