The development company has bought a neighbouring block on the Pacific Highway at Greenwich and its new development application to Lane Cove Council reveals plans for two mixed-used Community Apartment Project (CAP) buildings for seniors, with a focus on connectivity, sustainability and wellness.
Termed CAP by The Weekly SOURCE, we see a rising number of vertical strata developments positioning themselves as lifestyle retirement communities without a DMF.
This Central Elements project, consisting of 59 premium one, two, and three-bedroom residences, alongside amenities including ground-floor retail spaces, over 1,000msq of landscaped communal areas, indoor and rooftop pools, a gym, and flexible meeting and dining spaces, is the lates CAPs project.
The elevated site offers most apartments stunning views of the Sydney Harbour Bridge and CBD skyline.
Colliers' Tom Appleby was engaged by Central Element to help unlock the site’s 22-owner strata scheme, which will now integrate with the developer’s previously held 126 Pacific Highway property, creating a dual site aimed at downsizers “seeking luxury, community and convenience”.
Central Element, which in April last year sold a 77msq three-bedroom penthouse in its Ballamac House development in Coogee, a beach suburb 8km southeast of Sydney's CBD, for a suburb record $20 million prior to the project launch, is working with architects Marchese Partners I Life3A.
“The development will set a new benchmark in luxury living for discerning downsizers,” said Central Element, which was founded by Wayne Chivas and Shane Smollen in 2010.
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