Author: tgmaster

Deicorp, Hyecorp Property Group and Thirdi Group have been shortlisted by the NSW Government to develop a St Leonards site with potential for more than 400 homes.

The 3301sq m site at Herbert Street, near the Royal North Shore Hospital, was identified as surplus to requirements by an ongoing audit of government lands, and was first offered to Landcom and Homes NSW.

When those government development agencies passed on the offer, expressions of interest were sought and received from nine commercial developers.

A tower of up to 62 storeys is permitted. The site is within the Crows Nest Transport Oriented Development zone, which means a minimum 15 per cent affordable housing is mandated. 

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178 new apartments are now under construction at the Merewether Golf Course, a display suite launching today for ‘The Merewether Residences’, an over-55s retirement complex that’s been more than a decade in the making.

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One of three Sydney developers – Deicorp, Hyecorp Property Group and Thirdi
Group – is poised to restock its development pipeline after being shortlisted by
the NSW government to buy a key residential site in Sydney’s lower north
shore, likely to exchange at more than $100m, Green Street News can reveal.

The government is selling the rezoned the site at 1 Reserve Road, also known
as Lot 4B Herbert Street, in St Leonards for a transport oriented development.
The unused, surplus land was released for sale in May as part of the
government’s property audit.

Coveted by developers, TODs, one of the goverment’s newest rezoning policies
to encourage residential development, allow higher density mixed-use
construction around transport nodes.

The developers beat six others to the shortlist and will submit detailed proposals
for their projects in the next round.

The rare, vacant 3,301 sq m site can accommodate nearly 450 units, including
up to 60 affordable homes targeted at healthcare workers at the Royal North
Shore Hospital next door. It’s near the main St Leonards train station and the
new metro station at Crows Nest.

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Third.i Group, in partnership with NPACT, has launched The Rushcutters – a $106 million harbourside collection of just 13 apartments in Rushcutters Bay, approved ahead of the City of Sydney’s new No Net Dwelling Loss rule. 

Set in one of Sydney’s most tightly held inner-east neighbourhoods, the project offers a rare opportunity to secure a home of scale and quality, in a location where future boutique development will be increasingly restricted.

Nestled among leafy streets and moments from the water’s edge in one of Sydney’s most iconic bayside suburbs at 51–57 Bayswater Road, The Rushcutters comprises 12 exquisitely designed two- and three-bedroom apartments and one full-floor penthouse ranging from 121 sqm to 198 sqm.

Residents will enjoy Potts Point’s vibrant energy, renowned dining, boutique shopping, cafés, harbourside parks, and easy access to the water. Offering both lifestyle and inner-city convenience, the development is just 200 metres from the Kings Cross entertainment precinct and 1.5 km from the Sydney CBD.

With exterior and interior architecture by award-winning architects Woods Bagot, The Rushcutters honours the Art Deco heritage of the local area while seamlessly blending natural beauty with contemporary sophistication.

Residences capture north-west and north-east vistas through open-plan layouts, private balconies, and a communal rooftop terrace offering panoramic views. Interiors feature stone, timber, and brass finishes, premium Wolf and Miele kitchens, and spa-like bedrooms and bathrooms, delivering a refined balance of luxury, functionality, and comfort.

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Third.i Group and joint venture partner NPACT has unveiled its luxury new apartment development, The Rushcutters, offering prospective apartment buyers a rare opportunity to buy brand new into one of Sydney‘s most tightly-held Harbourside suburbs.

The Rushcutters received approval before the City of Sydney’s No Net Dwelling Loss rule took effect in May 2025, which puts tighter constraints on developers mandating that any new development on a site cannot result in fewer dwellings than were previously on the land, ensuring that redevelopment maintains or increases housing stock. The expectation is this will make boutique development, like The Rushcutters, difficult to reproduce.

The development will comprise 12 two- and three-bedroom apartments, and one full-floor penthouse. They range in size from over 120 sqm to nearly 200 sqm. It will sit conveniently between the water at Rushcutters Bay and the cosmopolitan suburb of Potts Point, renowned for its dining, boutique shopping, and cafes, all while being just 200m from the Kings Cross entertainment precinct.

With exterior and interior architecture by award-winning architects Woods Bagot, The Rushcutters honours the Art Deco heritage of the local area while blending natural beauty with contemporary sophistication.

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Transforming housing and community

DEVELOPER Third.i has welcomed strong support from Australia’s leading sporting organisations for its proposed all-weather football and AFL fields at Charmhaven.

The all-weather fields are key components of its $1.6B master-planned community that will also deliver new homes, jobs, a K-12 school and protected ecology lands.

If the development is approved, it will be region’s first-ever sporting complex – addressing the chronic shortage of year-round sporting facilities on the Central Coast.

National and local sporting organisations have endorsed the Charmhaven proposal, given the urgent need for all-weather sporting facilities, with wet weather forcing the closure of Council grounds across the Central Coast, leaving thousands of young players unable to play or train for months at a time.

The Interim CEO of Football Australia (FA) Heather Garriock, said: “New synthetic sporting fields and infrastructure will provide real benefits to the local community and ensure our players can continue playing the sport they love, regardless of weather conditions. Football Australia is eager to lend its support through the planning process to deliver this unique sporting complex for football players on the NSW Central Coast.”

Samual Thomson Venue & Government Partnerships Manager – AFL NSW/ACT said in 2024 there were 2,100 AFL participants across Central Coast Council. 

“When we use the population growth projections and our current participation rates, if the penetration rates of participation remained the same as it was in 2024, by 2031 we will need access to an additional 3 ovals to meet demand.”

“The Charmhaven Community Development presents an opportunity to create an additional AFL space to directly support the participation needs in the Central Coast region.”

Alex Burgin, CEO of Central Coast Football, said any proposal that invests in all-weather sporting infrastructure is not just welcome, but essential for the region’s fuure.

“Central Coast Football and our 16,500 playing members are keen to support initiatives like the Charmhaven proposal, which will ensure football is accessible year-round for everyone,” he said.

The Charmhaven Project is currently the largest housing development planned for the Central Coast. If approved, it will help ease the housing crisis by delivering over 2,000 homes (200 dedicated as affordable housing for essential workers), a low-fee school catering for 1,500 students from K-12 and a new business park creating 650 new jobs. 

Contingent on planning approvals, the first new homes could be delivered in 36 months.

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Leading Australian property developer Third.i Group has announced it will dedicate 120ha of its proposed $1.6B master-planned housing community at Charmhaven as protected green, open space for the community – one of the largest conservation stewardship sites in NSW.

The announcement comes as the development is being considered by the State Government as a State Significant Development (SSD), with an objection from Central Coast Council based largely on biodiversity concerns.

The Charmhaven project is currently the biggest housing development planned for the Central Coast and has the potential to meet almost a quarter of the NSW Government’s target of 9,400 new homes to be completed in the region by 2029.

Third.i’s Head of Acquisitions Florian Caillon said about 60% of the site would be preserved ‘in perpetuity’ as conservation land, including a wildlife corridor helping to connect nearby Lake Munmorah to the Watagan Mountains.

“We’re really excited that we’ll be dedicating 120ha of the development site to environmental conservation, creating publicly accessible green space that supports local biodiversity, outdoor recreation and community wellbeing,” Caillon said.

“We’ll be unlocking privately-held land, which has turned into an environmentally dangerous illegal dumping ground, into public open space, creating new links to broader conservation networks.

“This will give the local community access to nature corridors and walking tracks, which we will be funding in perpetuity for future generations.”

Caillon said as part of its commitment to biodiversity conservation, Third.i had engaged three NSW Government Accredited Assessors under the Biodiversity Assessment Method (BAM).

Combined, these assessors spent more than three years walking almost 8,500m to undertake detailed assessments and data procurement on site, he said.

This has included two independent peer reviews by Accredited Assessors.

Caillon said these studies endorsed the overall development footprint proposed, which was a balanced outcome between biodiversity and development.

He said the fieldwork confirmed: no serious and irreversible impacts to species; no direct impact on Coastal Wetlands; the preservation of 100% of all confirmed Charmhaven Orchids on-site; revegetation and restoration of degraded bushland; protection of watercourses and riparian zones; installation of wildlife corridors and refuges to accommodate species to travel through; transformation of private, underutilised land use into a publicly accessible regionally significant east-west wildlife corridor linking the lake to the mountains; and conversion of an illegal dumping ground into publicly accessible nature reserves and walking tracks, maintained in perpetuity.

“We’re looking forward to having the opportunity to work with government authorities to deliver a balanced outcome, that will not only help the chronic undersupply of housing on the Central Coast, but also preserve and protect over 50% of the site in perpetuity to allow for flora and fauna to thrive,” Caillon said.

He said contingent on planning approvals, the first new homes could be delivered in 36 months, helping meet the growing demands for housing on the Central Coast, which was forecast to grow to more than 404,250 people by 2041.

Central Coast Council has objected to the proposal, outlining concerns relating to impacts on biodiversity, traffic control and safety, in two submissions lodged to the State Government.

Council said proposals for extensive development in the Arizona Rd area had been existing for more 20 years, but intensive development and rezoning proposals had not been supported due to the high biodiversity constraints of properties in the area.

“The removal of over 21ha of native vegetation as a result of this proposal is inconsistent with Council’s strategic planning for the area which to date have supported managing the area for its biodiversity values,” Council said.

It said the threatened species and vegetation integrity had not been adequately assessed, citing Diuris praecox, Cryptostylis hunteriana, the Large Forest Owl, the Squirrel Glider and the Swift Parrots as being of particular concern.

Council also raised concerns over the lack of a Vegetation Management Plan, saying the BDAR (Biodiversity Development Assessment Report) failed to discuss the likely impacts of increased sediment and nutrient loads on riparian vegetation.

It also outlined concerns relating to subdivision planning, road and safety and the possible impacts of a school incorporated into the planning proposal.

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Leading Australian property developer Third.i Group (‘Third.i’) is dedicating 120 ha of its new $1.6 Billion master-planned housing community at Charmhaven as protected green, open space for the community – one of the largest conservation stewardship sites in NSW.

The Charmhaven Project is currently the biggest housing development planned for the Central Coast and has the potential to meet almost a quarter of the NSW Government’s target of 9,400 new homes to be completed in the Region by 2029.

Third.i’s Head of Acquisitions, Florian Caillon, said around 60% of the site will be preserved ‘in perpetuity’ as conservation land, including a wildlife corridor helping to connect nearby Lake Munmorah to the Watagan Mountains.

“We’re really excited that we’ll be dedicating 120 ha of the development site to environmental conservation, creating publicly accessible green space that supports local biodiversity, outdoor recreation and community well-being,” Mr Caillon said.

“We’ll be unlocking privately-held land, which has turned into an environmentally dangerous illegal dumping ground, into public, open space, creating new links to broader conservation networks. This will give the local community access to nature corridors and walking tracks, which we will be funding in perpetuity for future generations.”

As part of its commitment to biodiversity conservation, Third.i has engaged three NSW Government Accredited Assessors under the Biodiversity Assessment Method (BAM). Combined, these assessors spend over 3 years, 4,550 hours and walked almost 8,500 metres to undertake detailed assessments and data procurement on site. This has included two independent peer reviews by Accredited Assessors.

These studies endorsed the overall development footprint proposed, which is a balanced outcome between biodiversity and development. This significant fieldwork confirms:

• No serious and irreversible impacts to species
• No direct impact on Coastal Wetlands.

• The preservation of 100% of all confirmed Charmhaven Orchids on site
• Revegetation and restoration of degraded bushland
• Protection of watercourses and riparian zones
• Installation of wildlife corridors and refuges to accommodate species to travel through
• Transformation of private, underutilised land use into a publicly accessible regionally significant east-west wildlife corridor linking the lake to the mountains
• Conversion of an illegal dumping ground into publicly accessible nature reserves and walking tracks, maintained in perpetuity

“We’re looking forward to having the opportunity to work with Government authorities to deliver a balanced outcome, that will not only help the chronic undersupply of housing on the Central Coast, but also preserve and protect over 50% of the site in perpitity to allow for flora and fauna to thrive,” Mr Caillon said.

Strategically located between the Pacific Highway and Arizona Road, the Charmhaven neighbourhood will be a catalyst site for the Central Coast growth region, providing a range of affordable and sustainable housing options, connecting residents to existing centres, employment, transport networks, infrastructure, and amenities.

Contingent on planning approvals, the first new homes could be delivered in 36 months, helping meet the growing demands for housing on the Central Coast, which is forecast to grow to more than 404,250 people by 2041.

Read More.