The evolution and revitalization of North Sydney
Take a stroll through the streets of North Sydney today and you’re likely to come across more than the usual number of construction sites with scaffolding and builders wearing hard hats. The bustling suburb is on the cusp of a major reinvention.
After many years of operating as Sydney’s second CBD, a hub for advertising, insurance, banking and IT businesses, the port enclave is adding more feathers to its bow with expansion of its residential base, alongside larger and better commercial premises and a host of hospitality. and retail offers.
Theo Chambers, the managing director of mortgage brokerage firm Shore Financial, is a lifelong fan of North Sydney, having gone to school and started his business in the suburbs.
“We’ve had three different offices in North Sydney, first in Mount Street and then Walker Street, and recently moved to the corner of Walker and Berry where we have height and views,” he says. “We like it!”
Chambers says he spent 12 months looking for new premises in different locations before deciding to stay in North Sydney.
“We were very open-minded – we went to Pyrmont, the CBD, Darlinghurst and Surry Hills,” he says. “But we found that for our brand, for the financial services, for the team to be able to drive in and out or take public transport, we couldn’t beat the value of what you get per square meter in North Sydney .”
Chambers has welcomed the new phase of suburban growth, which retains landmarks such as the Greenwood Hotel and the heritage-listed Post Office while introducing new infrastructure, new residential developments and colorful small businesses.
“The biggest change has undoubtedly been more residential over the past five years, which opens the door to more retail, restaurants and cafes,” he says. “While it was mostly trading before, this opens the door to more weekend trading.”
A key driver of the new development is the introduction of the Metro line, due to open in 2024, which will connect commuters to Barangaroo in three minutes, Martin Place in five minutes and Central Station in nine minutes.
Work is well underway at Victoria Cross Underground Station, located in the heart of North Sydney with a north entrance facing McLaren Street.
Fifty yards away, at the corner of McLaren and Walker streets, developer Aqualand is well on its way to delivering the finest apartments in the suburbs in the form of AURA by Aqualand, a collection of one, two , three and four bedrooms.
Designed by Woods Bagot with interiors by Richards Stanisich, the oversized AURA apartments will offer panoramic harbor, neighborhood and city views.
Aqualand project marketing manager Ann Duong said the company saw an opportunity to introduce high-end housing to the growing area.
“With forecasts of 80,000 workers expected by 2036, there will be a new generation of homeowners who will be able to access local businesses and North Sydney’s thriving lifestyle,” she says.
The development has come under a high level of investigation from downsizers and has also found favor with families thanks to its proximity to top schools including Wenona High School, North Sydney Boys and North Sydney Girls.
“AURA development residences are designed to be generous in proportion,” says Duong.
“Apartments have conservatory spaces that open onto the living room, while some layouts have multipurpose rooms that can be used as another bedroom or as an office. With the landscape changing the way people live and work over the past two years, we have created a thoughtful design with the generosity and flexibility of space.
Residents can also access a swimming pool and gym, sun terraces and community dining areas and a five-star concierge service run by Aqualand’s hospitality arm, Etymon Projects.
Duong says the ground floor will house a providore, a bistro, a cafe/bakery/wine bar, an all-day dining restaurant and a contemporary Japanese restaurant. St Leonard’s Park is a three-minute walk north, and harbor-side Anderson Park is a 15-minute walk.
“We chose the site to really maximize opportunities for area residents,” says Duong. “We are not just selling an apartment, we are selling a lifestyle.”