Category: Awards

Prestigious Residences in Rushcutters Bay

Leading NSW builder Dilcara has been appointed as the construction partner for The Rushcutters, a luxury residential project in Rushcutters Bay, Sydney. This new development is a collaboration between Third.i Group and NPACT, announced on 28th April 2026. The project continues a partnership with Dilcara that spans more than 15 years, during which they have successfully delivered numerous residential and commercial projects across Sydney.

Located at 51-57 Bayswater Road, The Rushcutters is a boutique development featuring 13 high-end residences. These include expansive three-bedroom units and a full-floor penthouse, all priced from AUD 4.5 million. This price reflects the project’s premium positioning and exceptional quality.

Designed by the renowned architecture firm Woods Bagot, The Rushcutters blends modern architectural elements with subtle Art Deco influences. These design choices complement the harbourside location, providing a contemporary and high-end living experience that reflects the character of its prestigious setting.

Long-Standing Collaboration

Luke Berry, Co-Founder of Third.i Group, emphasised the importance of selecting the right builder for this project. He stated, “Dilcara’s attention to detail, collaborative approach and consistent performance across our past projects gave us complete confidence in their ability to deliver.”

The Rushcutters’ strategic position between Rushcutters Bay Park and Potts Point provides residents with immediate access to Sydney Harbour, dining, lifestyle precincts, and excellent transport connections. This location aims to offer a high-end living experience with convenience and luxury.

Antoine Gittany, Managing Director at Dilcara, expressed pride in the ongoing partnership with Third.i Group. He remarked, “The Rushcutters is a design-led development in one of Sydney’s most prestigious harbourfront precincts. We’re proud to be partnering once again with Third.i Group and NPACT.”

With demolition now underway, construction is slated to begin mid-2026. This follows Dilcara’s ongoing work on Third.i Group’s Muse development in Potts Point, which is scheduled for completion in the coming months. Dilcara’s disciplined procurement approach and strong subcontractor relationships ensure cost certainty and programme confidence, crucial in the current environment of rising construction costs and market volatility.

Dilcara will oversee all construction works for The Rushcutters, drawing on their extensive experience with premium residential projects in established urban locations. Their commitment to quality and design excellence aligns with Third.i Group’s vision for this prestigious development.

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29 Apr, 2026

Dilcara has been appointed as the construction partner for The Rushcutters, a newly launched luxury apartment development by Third.i Group in partnership with NPACT.

Located at 51–57 Bayswater Road in Sydney’s prestigious Rushcutters Bay, the boutique development will deliver just 13 high-end residences, reflecting a growing shift toward low-density, design-led living in tightly held harbourside suburbs.

The project forms part of Third.i Group’s broader residential pipeline, which spans boutique apartments, mixed-use developments, and commercial assets across New South Wales.

The appointment extends a relationship between Third.i Group and Dilcara, which has spanned more than 15 years and includes a diverse portfolio of residential and commercial projects.

Dilcara is also currently delivering Third.i Group’s Muse development in nearby Potts Point, which is due for completion in the coming months.

Designed by global architecture firm Woods Bagot, The Rushcutters integrates contemporary design with subtle references to the area’s Art Deco heritage.

The development aims to reflect the architectural character of its harbourside surroundings while offering a modern, high-end living experience tailored to affluent owner-occupiers.

“The Rushcutters is a meticulously crafted project and an important part of Third.i’s boutique portfolio, and selecting the right builder was critical,” said Luke Berry, Co-Founder of Third.i Group.

“Dilcara’s attention to detail, collaborative approach and consistent performance across our past projects gave us complete confidence in their ability to deliver.”

The development will comprise expansive three-bedroom apartments and a full-floor penthouse, with residences priced from $4.5 million.

The limited number of dwellings and emphasis on space and privacy reflect continued demand in Sydney’s eastern suburbs for premium, house-like apartments that cater to downsizers and high-net-worth buyers.

Industry conditions remain challenging, with construction costs elevated and supply chain pressures still impacting timelines across Australia’s building sector.

Against this backdrop, Dilcara’s procurement strategy and established subcontractor network have been key factors in its continued engagement with repeat clients.

Dilcara will oversee all construction works on The Rushcutters, leveraging its experience in delivering complex residential projects in dense urban environments.

The company has built a reputation for managing high-specification developments where design integrity and build quality are critical.

Antoine Gittany, Managing Director at Dilcara, said the project reflects a shared commitment to quality and design excellence.

“The Rushcutters is a design-led development in one of Sydney’s most prestigious harbourfront precincts,” said Gittany.

“We’re proud to be partnering once again with Third.i Group and NPACT and look forward to delivering a project that reflects the quality and architectural intent of the design.”

Positioned between Rushcutters Bay Park and Potts Point, the development offers immediate access to Sydney Harbour, established dining and lifestyle precincts, and public transport links to the CBD.

The location is widely regarded as one of the city’s most desirable residential enclaves, combining waterfront proximity with inner-city convenience.

With demolition now underway, construction is set to commence mid-year, with completion expected to coincide with sustained demand for premium residential stock in Sydney’s tightly held eastern suburbs.

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From Toorak to Rushcutters Bay, the billionaire mogul is backing plenty of luxe apartment projects.

James Packer pushes ahead with new Sydney development.

Two apartments and potentially a whole-floor penthouse have sold in a James Packer-backed apartment development in the wealthy inner Sydney suburb of Rushcutters Bay.

Construction of the 13-unit complex fronting 51-57 Bayswater Road is about to start following the appointment of contractors.

The project will feature 13 three-bedroom apartments priced from $4.5m as well as a full-floor penthouse replete with an outdoor kitchen and rooftop pool.

Developer Third.i Group in partnership with NPACT, have taken two apartment deposits and is currently working “with a penthouse buyer in an exclusive due diligence period exploring potential adjustments to the layout”.

The Rushcutters development.

The recently appointed builder, Dilcara, is also completing Third.i’s Muse development in nearby Potts Point over the coming months.

Known as The Rushcutters, the project was designed by Woods Bagot and aims to blend modern architecture with references to the area’s Art Deco heritage, reflecting the character of its harbourside setting while delivering a contemporary, high-end living experience, according to Third.i.

“The Rushcutters is a meticulously crafted project and an important part of Third.i’s boutique portfolio, and selecting the right builder was critical,” said Luke Berry, co-founder of Third.i in a statement.

Set between Rushcutters Bay Park and Potts Point, the development offers residents immediate access to Sydney Harbour, established dining and lifestyle precincts, and good transport connections.

The purchase price for the penthouse, which comes replete with a butler’s pantry, laundry and guest bathroom, was not divulged.

With demolition now underway, construction of the The Rushcutters project, which was first mooted back in 2024 when Mr Packer became involved, is set to begin mid this year.

Apart from The Rushcutters, Mr Packer, a former casino mogul, is backing several luxury apartment projects in Sydney and Melbourne, often with another developer such as Time & Place or Orchard Place in tow.

His projects stretch from Sydney’s gritty Surry Hills and coastal Manly to the upmarket Melbourne suburbs of Toorak and Kew.

The project is being marketed by Hume Residential in partnership with TRG Projects.

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Leading NSW builder and iCIRT-rated contractor Dilcara has been appointed as the construction partner for The Rushcutters, a newly launched luxury apartment development by Third.i Group in partnership with NPACT. Located in the prestigious suburb of Rushcutters Bay, the project sits within Third.i Group’s boutique residential portfolio, part of a broader and diverse pipeline of developments.

The appointment continues a long-standing collaboration between Third.i Group and Dilcara spanning more than 15 years, encompassing a diverse portfolio of boutique residential and commercial projects across Sydney. Dilcara is also currently delivering Third.i Group’s Muse development in Potts Point, due for completion in the coming months.

Located at 51-57 Bayswater Road, The Rushcutters is a boutique collection of 13 residences, featuring a selection of expansive three-bedroom units and a rare full-floor penthouse offering an exceptional level of space, privacy and luxury. Residences are priced from $4.5 million, befitting the scale and calibre of this project.

The project has been designed by Woods Bagot, blending refined modern architecture with subtle references to the area’s Art Deco heritage, reflecting the character of its harbourside setting while delivering a contemporary, high-end living experience.

“The Rushcutters is a meticulously crafted project and an important part of Third.i’s boutique portfolio, and selecting the right builder was critical,” said Luke Berry, Co-Founder of Third.i Group. “Dilcara’s attention to detail, collaborative approach and consistent performance across our past projects gave us complete confidence in their ability to deliver.”

In the current environment of rising construction costs and ongoing market volatility, Dilcara’s disciplined procurement approach and long-standing subcontractor relationships have been key in maintaining cost certainty and programme confidence across Third.i Group’s projects.

Dilcara will oversee all construction works for The Rushcutters, drawing on their experience across premium residential projects in established urban locations.

Antoine Gittany, Managing Director at Dilcara, said the project reflects a shared commitment to quality and design excellence. “The Rushcutters is a design-led development in one of Sydney’s most prestigious harbourfront precincts. We’re proud to be partnering once again with Third.i Group and NPACT and look forward to delivering a project that reflects the quality and architectural intent of the design.”

Positioned between Rushcutters Bay Park and Potts Point, the development offers residents immediate access to Sydney Harbour, established dining and lifestyle precincts, and excellent transport connections.

With demolition now underway, construction is set to begin mid this year.

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Third.i Group and joint venture partner Phoenix Property Investors (PPI) have secured detailed design Third.i Group and joint venture partner Phoenix Property Investors (PPI) have secured detailed design approval from the Independent Planning Commission (IPC) for Elevate at Hume Place, a landmark, state‑significant mixed-use residential development positioned directly above the Crows Nest Metro Station.

This latest approval builds on the project’s existing stage one planning consent and marks a major milestone in the delivery of Elevate at Hume Place. It confirms the detailed design of the building within the already approved planning envelope, paving the way for construction to commence and giving purchasers and the broader market added confidence in the project’s progression.

Throughout the detailed design process, Third.i Group worked closely with the IPC, Sydney Metro, its consultant team and relevant Government stakeholders to refine the building outcome, ensuring Elevate responds sensitively to its urban context whilst at the same time maximises its development footprint above one of the NSW’s key pieces of transport infrastructure. 

This process has enabled the creation of some of the best one, two & three bedroom apartments in Crow’s Nest along with the introduction of an additional level of parking, providing the Elevate community with valuable off‑street parking while enhancing accessibility and convenience for residents.

Elevate at Hume Place is the first development of its kind to be delivered by Third.i Group and PPI in partnership with Sydney Metro, reflecting the group’s capability and trusted position as a delivery partner for complex, infrastructure‑led projects alongside Government. The Hume Place precinct will also include a component of affordable housing and build to rent (BTR) apartments which is currently pending a separate planning approval outcome.

With direct access to the Sydney Metro, Elevate residents will benefit from travel times of just seven minutes to the CBD and four minutes to Chatswood, positioning the development as one of the most connected residential addresses on the Lower North Shore.

The project will deliver 122 one-, two- and three-bedroom apartments, including a selection of premium three bedroom penthouses known as ‘Sky Homes’, designed by internationally acclaimed architecture firm Woods Bagot. Residents will have access to a suite of amenities including a rooftop terrace with panoramic city views, swimming pool and wellness facilities, private gym, concierge services and communal spaces.

Florian Caillon, Partner & Head of Acquisitions at Third.i Group, said the detailed design approval reinforces the significance of the project and Third.i Group’s ongoing partnership with Government.

“Securing detailed design approval for Elevate at Hume Place is a defining moment for Third.i and a clear signal that this project is moving into its next phase of delivery,” Caillon said.

“This project sets a new benchmark for how integrated residential metro development can be delivered in direct alignment with major transport infrastructure. Being selected to deliver a project directly above a Metro station is a rare opportunity and a responsibility we take seriously. It allows us to create a living experience intrinsically connected to how people move, work and live, while also delivering enduring value for residents and the broader community.”

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Third.i Group’s Elevate at Hume Place above Crows Nest Metro has reached a detailed design milestone.

Developer Third.i Group, alongside joint venture partner Phoenix Property Investors (PPI), have secured detailed design approval from the Independent Planning Commission (IPC) for the state-significant mixed-use Elevate at Hume Place development positioned directly above the Crows Nest Metro Station.

This latest approval builds on the scheme’s existing stage one planning consent and marks a major milestone in the delivery of Elevate at Hume Place. It confirms the detailed design of the building within the already approved planning envelope, paving the way for construction to commence and giving purchasers and the broader market added confidence in the project’s progression.

Throughout the detailed design process, Third.i Group worked closely with the IPC, Sydney Metro, its consultant team and relevant Government stakeholders to refine the building outcome, ensuring Elevate responds sensitively to its urban context whilst at the same time maximises its development footprint above one of the NSW’s key pieces of transport infrastructure. 

This process has enabled the delivery of one-, two- and three-bedroom apartments in Crow’s Nest along with the introduction of an additional level of parking, providing the Elevate community with valuable off‑street parking while enhancing accessibility and convenience for residents.

Elevate at Hume Place is the first development of its kind to be delivered by Third.i Group and PPI in partnership with Sydney Metro, reflecting the group’s capability and trusted position as a delivery partner for complex, infrastructure‑led projects alongside Government. The Hume Place precinct will also include a component of affordable housing and Build to Rent apartments which is currently pending a separate planning approval outcome.

“Securing detailed design approval for Elevate at Hume Place is a defining moment for Third.i and a clear signal that this project is moving into its next phase of delivery. It reinforces our ability to partner with government and Sydney Metro to deliver projects of this scale and significance, from initial planning through to completion.

“This project sets a new benchmark for how integrated residential metro development can be delivered in direct alignment with major transport infrastructure. Being selected to deliver a project directly above a Metro station is a rare opportunity and a responsibility we take seriously. It allows us to create a living experience intrinsically connected to how people move, work and live, while also delivering enduring value for residents and the broader community.

“Importantly, the detailed design process has allowed us to refine the architecture, optimise the resort‑style amenities and introduce an additional level of parking that gives our residents access to secure, off‑street parking in one of Sydney’s most tightly‑held urban villages.”Florian Caillon, Partner & Head of Acquisitions, Third.i Group

Upon completion, the Build to Rent component will be the only Build to Rent offering above a Metro station outside of the Sydney CBD and it will create an urban precinct in one of Sydney’s most sought-after North Shore suburbs.

The development is a flagship example of integrated, transit‑oriented development in Sydney, demonstrating how new housing can be delivered in direct alignment with major transport infrastructure in locations that were previously inaccessible for residential use.

With direct access to the Sydney Metro, Elevate residents will benefit from travel times of just seven minutes to the CBD and four minutes to Chatswood, positioning the development as one of the most connected residential addresses on the Lower North Shore.

The scheme will deliver 122 contemporary one-, two- and three-bedroom apartments, including a selection of premium three-bedroom penthouses known as ‘Sky Homes’, designed by internationally acclaimed architecture firm Woods Bagot.

Amenities include a rooftop terrace with panoramic city views, pool and wellness facilities, private gym, concierge services and communal spaces designed to enhance everyday living and foster community.

With construction set to commence shortly, Elevate presents a rare opportunity to secure a residence within a truly integrated transport and lifestyle precinct, setting a new benchmark for connected living in Sydney, with a limited selection of residences currently available.

For existing purchasers, this detailed design approval represents an important step forward in the delivery of Elevate and provides additional assurance around the project’s timeline and final built form.

“Elevate represents a highly compelling opportunity from both an investment and placemaking perspective. Developments that are directly integrated with major transport infrastructure continue to attract strong buyer interest.

“Elevate is underpinned by long-term fundamentals including world-class precinct connectivity, design quality, and scarcity, positioning it as a standout offering within the Sydney market.”Trent Winduss, Partner and Head of Australia, Phoenix Property Investors

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Third.i has elected to use state pathways, instead of a new Inner West regime, for its 300-home precinct just 90m from Marrickville station.

The project at 31-41 O’Hara Street, about 7.5km west of the Sydney CBD, has secured Housing Development Authority endorsement, and will use Transport-Oriented Development controls, for a mixed-use complex.

Third.i partner Florian Caillon told The Urban Developer that the developer is leaning towards build-to-rent, but build-to-sell may be in the mix.

“Marrickville’s got a huge amount of character,” Caillon said.

“I love it. I’m an inner Westie myself.”

However, the scale and speed needed for the project meant that Third.i opted for the HDA and TOD pathways, rather than the council’s 30,000-home Our Fairer Future alternative (which has yet to be approved at a state level).

“Inner West Council were moving at a different pace with the Fairer Future plan, and ultimately, we were going to seek an improved density outcome as the plan never comtemplated an amalgamation of this size,” Caillon said.

“ We needed some legislative certainty. I also knew that it was pretty unique to be able to amalgamate that amount of freehold—over 5000sq m, 90m from a station. So I knew that it would stand on its own. That’s why I used the HDA to just run the opportunity for the site.”

The scheme will take advantage of the bustling retail strips on Illawarra and Marrickville roads, without deploying large-scale supermarkets or late-night entertainment.

▲ The suburb has a mix of residential and industrial uses, as well as thriving retail and entertainment strips.

“The beauty about what we’ve amalgamated is it allows us to have four active street frontages, and one of those main active frontages is actually pedestrianised.

“What we want to do is a similar concept to Spice Alley, which has lots of little tenancies…there’s such a thriving Vietnamese and Greek community, I think little pocket retail would work quite well.

“Obviously [we have] to work through our urban design outcome to figure out what we would be able to fit, but it would nothing of scale. It would be more of a boutique take on retail, and trying to bring in a really well-curated F&B outcome.

Proximity to the Marrickville Metro station, which is projected to open this year, will benefit the Third.i project over others in the suburb.

▲ Marrickville train station will soon complete an upgrade to join the Metro network.

“They’re good developments, but they’re very far from the actual village, and a 10 or 15 minute walk from Sydenham station.

“From my development, you’re almost at Martin Place by that time.

“That’s not to discount those other sites, because they’re needed, and they’re definitely going to add value and bring people into the area…For me, it was really important to try and get something right in the village, right next to Marrickville Metro [station].”

Typologies will range from studios to three-bedrooms, Caillon said, with the developer “conscious that we’re in a housing crisis”. 

“We want to try and create outcomes where people of different walks of life and different budgets can afford to live in a thriving mixed-use precinct.”

Essential workers a core concern

A 17 per cent affordable component will be dedicated to essential workers, “which is something pretty special”, Caillon said.

The Our Fairer Future plan would require a 3 per cent affordable contribution, or 20 per cent in exchange for additional floor space.

However, an extraordinary council meeting on April 28 will discuss a new affordable housing policy, in response to additional modelling by Atlas Economics in January. Among other changes, that policy would shift council’s preferred housing contributions from an in-kind to a monetary model, while also changing the contributions formula.

“We’ve got a housing crisis that’s turning into a health crisis, because we’ve got too many essential workers leaving New South Wales,” Caillon said.

▲ Pay rates for NSW nurses were among the lowest in the country prior to a April 16 pay raise, prompting many to leave the state, the union said.

“From a development standpoint, we need to do more to be able to bring essential workers back into Sydney metropolitan zones, to serve as public infrastructure.”

Nurses have been called out as particularly vulnerable to housing stress, with Third.i working closely with the NSW Nurses and Midwives Association across its developments. Caillon said the developer was also in discussions with police and retail worker unions.

Meanwhile, Anglicare has been aiming to grow its housing portfolio from 700 to 4000 beds over the decade, with a pivot from aged care and emergency housing towards essential workers. A $140-million, 37-storey tower at Merrylands would dedicate all 238 homes to essential workers.

Landcom will also dedicate the entirety of a $236-million, 220-apartment tower on Parramatta Road to key workers, just 500m from Royal Prince Alfred hospital.

After a two-year battle, on April 16 the NSW Industrial Relations Commission awarded registered nurses a 16 per cent raise over three years, describing them as “historically undervalued”.

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Sydney developer Third.i has announced a new transport-oriented development in one of Sydney Inner West’s most sought-after metropolitan locations, delivering much needed housing within steps of world-class public transport and vibrant village life.

Located at 31-41 O’Hara St, Marrickville, the proposed mixed-use development will include around 300 apartments, with up to 17 per cent dedicated to affordable housing, reinforcing Third.i’s commitment to creating inclusive, well-connected communities that support a diverse mix of residents who keep Sydney’s neighbourhoods thriving.

Located just 100 metres from the new Metro station, the development places residents within minutes of the CBD while offering seamless access to the Inner West’s cafés, retail, and local services. Anchored within a thriving local centre, the project supports everyday living without reliance on cars, while also delivering new public open space for the local community, including a new park and landscaped green areas, alongside high-quality private resident amenities.

Florian Caillon, Head of Acquisitions for Third.i Group, said the project builds on the company’s ongoing work alongside the NSW Government to deliver housing and amenity alongside major transport infrastructure. Amenity includes an activated pedestrianise retail strip that connects Illawarra Road down to the pocket park, and health and wellness facilities. 

“Delivering housing of this scale within an established village is a rare opportunity, and few companies have achieved residential outcomes of this size at a village centre,” Caillon said.

“We are excited to set a new standard for urban living in the heart of Marrickville,” he said. 

The inclusion of affordable housing has been welcomed by frontline workers.

“We are supportive of developments which will allow essential workers like nurses, midwives and carers, the opportunity to live in the communities they care for,” said Michael Whaites, General Secretary of the NSW Nurses and Midwives’ Association..

“Many healthcare workers tell us they would like to live closer to where they work, but are being priced out of the market, forcing them to move further away. 

“Dedicated apartments for essential workers will support recruitment and retention in local hospitals and aged care facilities, helping to strengthen our health system.”

The project has been declared State Significant Development (SSD) by the Housing Delivery Authority (HDA).

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Construction on Third.i Group’s delayed retirement living development at Merewether Golf Club is officially under way.

The property developer broke ground on the site of the 178-unit Merewether Residences this week, with the project due for completion in mid-2027.
The one-hectare site includes one-, two- and three-bedroom luxury apartments across four six-storey buildings.

Third.i Group director and co-founder Luke Berry said the project will set a new standard for over-55s living.

“This project is more than just a development, it’s a community,” Mr Berry said.

“The Merewether Residences will set a new standard for over-55s living, blending luxury, convenience, and social connection.

“The overwhelming response we’ve seen so far confirms that this is exactly what the market has been waiting for.”

More than half of the apartments have been sold to a value of more than $100 million.

“With construction started and an end date in sight, we expect it will give buyers more confidence about the project – we’re particularly seeing an increase in buyers and inquiries from Sydney, a sign of the strength of the project,” he said.

The official start of construction follows the demolition of the former Merewether Golf Club clubhouse.

Temporary clubhouse facilities have been established to ensure members can continue to enjoy the club’s amenities without interruption.

The golf course will remain fully operational throughout the entire construction period.

Construction will be led by Decode Group, which is also delivering Third.i’s Dairy Farmers Towers project in Newcastle West.
“We’re proud to partner with Third.i on The Merewether Residences,” Decode chairman and founder, Sam El Rihani, said.

“This development represents the future of retirement living: sophisticated, sustainable, and community-focused.”

Resort-style amenities include a health and wellness space, a swimming pool, a cinema, a sports bar and the new clubhouse for Merewether Golf Club members and apartment residents.

The approved breakdown of apartments includes 12 one-bedroom, 121 two-bedroom and 29 three-bedroom apartments.

The development also has eight two-bedroom and eight three-bedroom penthouses designed by architect Eugene Marchese and overseen by EJE Architecture.

Merewether Golf Club members gave the green light for the 148 apartments to go ahead six years ago, and state planning authorities approved a development application in 2021.

Third.i hoped to begin work on the development in 2022; however, rising construction costs delayed the project.

Amended plans approved this year included the addition of an extra level to accommodate a further 38 units.

In April, Third.i announced a partnership with real estate investment trust Dexus to develop The Merewether Residences with its opportunistic fund series, Dexus Real Estate Partnership.

Mr Berry said the joint venture was the “final piece of the puzzle” in getting the project under way.

“We are one of their first major investments outside their traditional investments in office, and into the living sector,” he said.

“What it means for the people who have bought and hung in there after all these challenging years is we’ve now got the final piece of the puzzle.”

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