Property heavyweight Lendlease is stepping beyond Sydney’s CBD with a tightly held boutique residential project at Darling Point, aiming squarely at affluent Eastern Suburbs downsizers seeking scale, views and long-term security. According to The Australian, the project signals a strategic shift for the developer into ultra-prime, owner-occupier-led developments outside the city core.
Known as One Darling Point, the 17-level tower will rise at 1 Darling Point Road on an elevated site directly opposite Edgecliff Station. The development will comprise just 41 luxury three- and four-bedroom apartments, underscoring its boutique positioning in one of Sydney’s most established harbourside suburbs.
Apartments are expected to be priced from around $6.5 million, with residences ranging from 130 square metres to 195 square metres. Sub-penthouses and penthouses will span approximately 350 to 400 square metres, offering “house-like” proportions designed to attract downsizers unwilling to compromise on space or outlook.
SRM Residential marketing agent Ben Stewart says every apartment has been designed to capture expansive views, taking in Sydney Harbour icons such as the Opera House and Harbour Bridge, along with vistas across Vaucluse, Paddington and the eastern suburbs. Importantly, those views are expected to remain protected due to surrounding zoning controls and the area’s topography.
Commercial and retail uses will activate the lower levels, with two ground-floor tenancies earmarked for premium food and beverage operators and around 1,200 square metres of commercial space integrated into the streetscape. Residential apartments will commence from level seven, enhancing privacy and outlook.
Architecturally, the tower has been designed by Tzannes, drawing inspiration from coastal topography and local sandstone forms. Interiors by Alexander &CO will feature bespoke joinery and coastal-inspired textures, alongside high-end finishes, secure parking, operable double glazing and natural cross-ventilation.
Although marketing has yet to formally launch, demolition of the existing building has already begun, and early buyer interest has been strong. Lendlease’s established buyer database, combined with demand from local residents and out-of-area purchasers, is generating early momentum ahead of the display suite opening next month.
Completion of One Darling Point is targeted for the second half of 2028, further strengthening Lendlease’s premium residential pipeline, which also includes the landmark One Circular Quay development nearing completion closer to the CBD.
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