Prominent developer creates Bondi Beach supersite with $16m purchase13 November 2023
Prominent developer Clutch has created one of the single largest mixed-use developments in Sydney’s Eastern Suburbs, snapping up a Bondi Beach property for $16 million.
The Colliers team of Matt Pontey and Miron Solomons secured the off-market deal for 135-139 Curlewis Street on behalf of an amalgamated owners’ group. Albert Talarico of Lisa Steele Real Estate was also involved in the deal.
The transaction will see Clutch create a supersite of approximately 2,600sqm, combining the DA approved adjoining property at 141-155 Curlewis Street with their new purchase. The DA allows for the construction of 15 luxury apartments and 3 retail tenancies with construction to begin in late 2024.
“This marks our third combined acquisition within Bondi Beach, facilitating an expansive canvas for us to create not only an icon but more importantly, curate a lifestyle. We are aiming to redefine the very essence of beachside living and luxury,” Clutch Associate Director Maxwell Chiu said.
“Bondi Beach has undergone significant intergenerational change over the last decade which has led to some of the nation’s most significant developments in what is an incredibly desirable and tightly held market,” Mr Pontey said.
“The patience of the developer over a long period of time is sure to pay major dividends in the long run as they’ve unlocked what is arguably the best positioned site in all of Bondi Beach, with exciting plans already in the works,” Mr Solomons added.
The incredibly popular Bondi Beach has become something of a development hotspot, as developers look to take advantage of the high demand for luxury living in Sydney’s Eastern Suburbs.
Boheme, Pacific, Eurangi, Pipi and Aqualine are just a few examples that have fueled this, as the combination of amenity, links to the CBD, world class dining and entertainment and the beachside lifestyle continue to draw in interested parties from around Australia and the world.