Sydney property developer Central Element (CE) and joint venture partner Develotek are set to launch their first project in the Inner West as development application (DA) approval is granted for the esteemed 2C – 2D Wolseley Street site in Drummoyne.
Consisting of 12 generous three and four-bedroom waterfront residences with unparalleled views, the development, which is named Bianca, is expected to set a new quality benchmark for the area.
Ideally located in an elevated position on the Northern edge of Drummoyne’s peninsula overlooking its shimmering waters, the exceptional project will consist of two components.
The first, on Wolseley Street set along the ridge, boasts expansive views of the harbour, and the city’s mesmerising skyline.
Along the foreshore, the second element is north facing, connecting with the harbour’s edge.
The penthouse will benefit from panoramic water and city views and will be released at a later date.
Bianca’s extravagant residences ranging from 120 to 290 square metres offer a place of quiet luxury and a taste of the good life, with premium amenities such as direct lift access from the carpark with double garages and storage rooms for each address, expansive outdoor entertaining areas and individual wine cellars.
An inviting outdoor area set on a 35-metre water frontage will give residents a private oasis, featuring large sunlit gardens, open lawns by the water, outdoor swimming pool, and access to the water by foot or by boat.
Long-standing partner of CE and award-winning multi-disciplinary architecture and design firm SJB will lead the creative vision.
Having previously worked together on numerous projects including Pienza, Neutral Bay and Ethos, Chatswood together, Principal Adam Haddow and the team were the perfect choice to bring Bianca to life.
SJB Principal Adam Haddow said: “We are thrilled to be working on yet another remarkable project with CE.
“With Bianca we endeavour to create a home completely connected to its location.
“The architecture is in response to the site’s unique topography, with individual rooms and openings adjusted to ensure that views and privacy are maximised.
“Each home features spaces that immerse you in the incredible location, with generous open plan living and dining areas flowing out to oversized balconies allowing residents to see the water, feel the breeze, soak in the sun, and enjoy waterfront living at its finest.”
The architectural design of the project is refined, built around the framing of the glittering waterfront views.
All materials will tie back to light and neutral tones, the elegant brickwork with refined details speaking to the longevity of the design.
Internally, spaces have been planned around the views of the harbour, with the expansive floor-to-ceiling glazing and large open rooms exuding the opulence of a stand-alone house.
The interiors are grounded by a palette of neutrals, using solid materials such as travertine to reinforce sense of timelessness.
Bianca is now open for expressions of interest ahead of the highly anticipated sales release, with McGrath agents Tracey Dixon and Rob Alfeldi appointed to its sales.
CE has a multi-billion dollar portfolio of residential and lifestyle precincts, having delivered over 500 apartments across Sydney metropolitan locations.
Nathan Chivas, Managing Director of Central Element, commented on the company’s expansion to the Inner West and increasing momentum in the Sydney property market: “This project will further elevate CE’s position as a key player in delivering this level of product to Sydney.
“This rare opportunity reflects our vision of seeking out exceptional sites in premium suburbs to build luxurious living spaces of the highest quality.
“Our position as force in the luxury residential market was further bolstered with the DA approval on the world-class mixed-use landmark Hyde Park site earlier in the month.
“Offering the epitome of premium waterfront living, unparalleled views, and the convenience of a six-kilometre drive or 18-minute ferry to the city, we are expecting record sales as Bianca launches to market.”
Develotek Director John Fernandes said: “With the approval of Bianca and its subsequent launch, Wolseley Street will witness the first and potentially the last major development in a generation.
“From the outset, our mission was to discover the perfect partner to collaborate with and bring an unprecedented level of luxury to this highly coveted location.
“Pressing ahead with Bianca in conjunction with CE is the first milestone of a conscious effort and push by Develotek to enter the high-end Inner West market which we see as chronically undersupplied, and we look forward to delivering a new benchmark to Drummoyne over the coming years.”
Construction is expected to commence early 2024.
