Lendlease, Mitsubishi $500m Edgecliff Tower Moves Ahead

A plan to add to eastern Sydney’s growing skyline with five more storeys than previous approvals is moving ahead. The proposal by joint-venture partners Lendlease and Mitsubishi Estate Asia is a $500-million mixed-use redevelopment of 1 Darling Point Road at Edgecliff, 4km east of the CBD. The plan is now on public exhibition, ending February 27. The developers plan to leverage the NSW’s affordable housing policy, taking the tower to 17 storeys. If approved, it would reshape a key corner opposite Edgecliff Train Station, integrating high-density residential living with commercial and retail spaces. Lendlease and Mitsubishi Estate Asia have previously worked together on high-profile developments, including One Sydney Harbour and One Circular Quay, The Edgecliff tower would include 62 apartments, 20 designated as affordable housing. Commercial space would fill the ground to fourth level, spanning 1344 square metres. The ground and first floors would also include 403sq m of retail, while 74 carparking spaces are planned for the podium. ▲ A Tzannes Architects render of the joint venture ’ s 17-storey tower at Edgecliff. The redevelopment site includes five lots and multiple buildings—the three existing structures range from two to four storeys. The site has a layered history, according to the Heritage Impact Statement. It was occupied by the Gadigal people of the Eora Nation before becoming a residential area for Sydney’s elite in the 19th century. The development would include restoration of the heritage-listed former Commonwealth Bank building at 136 New South Head Road, built in 1941. This structure, with its Inter-War Functionalist design, would be preserved and integrated into the new tower’s podium. ▲ The vacant four-storey apartment building known as Knightsbridge will be demolished. The proposal includes demolishing buildings at 138-140 and 142-148 New South Head Road, including the 1919 Knightsbridge apartment block and two Federation-era commercial buildings from 1897. The HIS argues these buildings lacked architectural or historical significance needed for preservation. It said they “do not meet the requisite threshold for heritage listing and are therefore not required to be maintained on heritage grounds”. It seems there are to be more highrise developments in Edgecliff ’ s future as multiple projects seek to exceed current height limits. That includes the Edgecliff Centre redevelopment, which was initially proposed at 45 storeys before being rejected at local and state levels due to excessive height and floor space. ▲ Twenty of the 62 apartments would be affordable housing. A revised proposal by Longhurst Property, reducing the tower to 35 storeys, was reportedly approved last year, which would make it the tallest building in Sydney’s eastern suburbs. Another proposed development, at 8-10 New McLean Street, was originally planned at 22 storeys before being reduced to 18, is also seeking to exceed height limits. That DA is under assessment.

Office
Vanessa Croll
Wed 05 Feb 25

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OfficeVanessa CrollWed 05 Feb 25

Lendlease, Mitsubishi $500m Edgecliff Tower Moves Ahead

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Office
Vanessa Croll
Wed 05 Feb 25