ApartmentsLindsay SaundersTue 23 Jun 26
Central Element Flags Drummoyne Return with 45-Home Proposal
Central Element has revealed plans for its second major bayside project in Sydney’s tightly held Inner West waterfront market.
The residential development at 15A–21 St Georges Crescent, Drummoyne,
Filed with the City of Canada Bay Council on June 23 for 15A–21 St Georges Crescent, Drummoyne, the proposal comprises a 10-storey building of 45 homes, including eight affordable housing apartments, on the 1701sqm north-facing site overlooking Sydney Harbour.
Designed by MHN Design Union (MHNDU), the project “responds to intensifying demand for boutique, owner-occupier housing in established harbourside suburbs where new supply remains severely constrained by geography and planning controls,” Central Element said.
The proposal comes as Canada Bay continues to experience sustained population growth, with forecasts indicating an increase of nearly 30 per cent over the next two decades, placing further pressure on already limited housing stock in suburbs such as Drummoyne.
Central Element said the site was a rare opportunity to deliver new housing in one of Sydney’s premier waterfront locations, with the peninsula’s natural constraints and established residential character limiting future development potential.
The sire is within walking distance of Drummoyne Sailing Club, Birkenhead Point and ferry services.
Planned is a mix of one, two and three-bedroom apartments, as well as resident amenities including a gym, landscaped communal spaces and three levels of basement parking.”
MHNDU’s design adopts a sculptural architectural approach defined by horizontal forms, soft curves and extensive glazing, with deep soil planting and replacement canopy trees integrated into the landscape strategy to enhance the site’s relationship with its waterfront setting,” the developer said.
Central Element managing director Nathan Chivas said the project reflected growing demand for high-quality boutique housing in established suburbs undergoing gradual urban transformation.
“Sites of this nature are increasingly difficult to secure, particularly those that combine a north-facing aspect with direct water outlook,” Chivas said.
“Our St Georges Crescent project responds directly to market demand, offering exclusivity, outlook and lifestyle in a highly sought-after suburb.”
The development’s eight affordable housing homes would be managed by a registered community housing provider for at least 15 years.
If approved, the project is expected to be released to market in early 2027.
The proposal follows Central Element’s acquisition of the site earlier this year and is part of a broader Sydney pipeline spanning Bondi, Neutral Bay and Greenwich, as the developer continues to focus on premium infill opportunities in established suburbs.
In 2023 Central Element teamed with Develotek for its debut in the locale with a 12-apartment project on the water at Drummoyne dubbed Bianca.
Less than a week ago, Central Element reveal a significant pivot from its initial application endorsed by the Housing Delivery Authority for a site at Lavender Bay.
While a single 20-storey tower yielding 140 apartments had initially been proposed, the current plans, now on exhibition, would result in two towers of 32 and 23 storeys, yielding 160 apartments.
Also in Drummoyne, Danny Avidan’s Dare Property Group acquired a 6859sq m site on the same street from its 31 strata owners in March of this year, paying around $130 million.
The under‑utilised site at 72–76 St Georges Crescent has 57m of water frontage and Parramatta River views. Dare is yet to reveal its plans for the site.
