Coronation Property and Woods Bagot to partner on Chatswood project

AS SEEN ON: AUSTRALIAN PROPERTYMARKET.NEWS

Leading property group Coronation Property today announced global architectural firm Woods Bagot has been selected winner of the Design Excellence Competition for its high-profile Chatswood project that is set to deliver luxury living in the Lower North Shore’s inner-city ring.

Coronation purchased the 57-61 Archer Street site in June 2022 and soon progressed to the design competition and DA stages. The $246 million, 25-storey project, conveniently located close to the Chatswood Chase Shopping Centre, will feature 114 premium residences including one, two, and three-bedroom apartments, and an exclusive collection of penthouses. All residents will enjoy access to resort-style rooftop amenity, complemented by 2,800sqm of retail and commercial space including a bespoke café housed within an adaptive re-use, heritage-listed building that anchors the site.

The Chatswood project holds great importance for the group, as it, along with recent acquisitions of key urban renewal sites in Erskineville and Ashbury, reinforces the organisation’s strategy to extend its presence into the inner suburbs of Sydney, as highlighted by Joseph Nahas, Managing Director of Coronation Property.

“Archer Street is a defining project for Coronation as it signifies our first venture on the Lower North Shore and marks another successful chapter in our long-standing relationship with Woods Bagot. The winning design aligns with our ongoing commitment to deliver quality, amenity-rich living spaces in key locations across Sydney,” said Mr. Nahas.

Archer Street’s luxury tower features impeccably planned residences on the edge of Chatswood’s burgeoning CBD. Apartments are designed to look towards sweeping views over the trees of the neighbouring heritage conservation area, each featuring generous balconies, copious storage within elegant joinery units, and multi-purpose media spaces, all designed to seamlessly adapt to the changing lifecycle stages of its inhabitants.

A refined design response has been applied to the building’s rooftop which has been arranged in clusters for simultaneous use by multiple groups. A pool, gym, therapy room, and landscaped courtyard focus on wellness, while an undercover cinema and dining room cater to communal events.

This is the sixth project that Coronation Property and Woods Bagot have partnered on in addition to The Bindery, The Gild and The Paper Mill at the award-winning The Paper Mill Precinct in Liverpool, 8 Phillip Street in Paramatta, and Mason & Main in Merrylands.

Domenic Alvaro, Woods Bagot Global Design Director explained, “This joint project represents the latest in Woods Bagot’s commitment to enhancing and increasing liveability through design. Our concept is inspired by the lush surrounding of the site, resulting in a harmonious blend of expressive yet private botanical spaces for residents, complemented by a finely detailed public realm that increases outdoor garden areas for all.”

Woods Bagot’s winning scheme was selected by a distinguished selection panel who noted, “The Jury was impressed by the consistent quality, functionality, and amenity of the proposed apartments regardless of their size or location within the tower. The scheme represents an excellent understanding of apartment design that has been tested and refined through successive projects by the design team.”

Senior Associate and project design leader, Glenn O’Loughlin, said the design draws on the local landscape, “Stitched into its surrounds, the development draws inspiration from the endemic Sydney Blue Gum high forest and features ground-level retail tenancies, office space on levels one and two and a restored heritage building repurposed as a café. Intelligent planning liberates the rear curtilage of the heritage house for a new pocket park, greening the ground plane and activating the precinct.”

Coronation anticipates the elevated design, prime location, and enhanced amenity of the Chatswood project will appeal to Lower North Shore young-professionals, upsizers and downsizers seeking a luxurious living experience close to Chatswood’s destination retail and dining precincts, coupled with its proximity to Sydney Harbour and within 11 km to Sydney’s CBD.

“We’re excited to bring this project to life,” added Mr. Nahas. “Coronation has already delivered nearly 2,000 high quality residences to Sydneysiders, with an additional $3.2 billion in various stages of design, development, and construction. These projects form a fundamental part of Coronation’s robust project portfolio totalling $5.6 billion, which includes future land developments that will bring more than 9,000 new homes to the Sydney market by 2027.”

The construction on Archer Street is anticipated to commence in 2024, coinciding with the launch of the apartments.