After years of waiting, the first residents will finally begin moving into Crown Residences in the luxury 275-metre high Crown Sydney tower at One Barangaroo next month.
Interior fit-outs of the luxury apartments are well advanced, and finishing touches are being made to homes on the lower floors before the expected arrival of residents within a few weeks.
The starting price for the 82 “residences” is $9.5 million and there have been at least a dozen transactions of more than $20 million and four over $40 million.
One Barangaroo, designed by architects WilkinsonErye, has so far cost developer Crown Resorts more than $2 billion since work started in 2015 and there’s still plenty to be done.
Crown Residences shares the striking structure with the six-star Crown Towers Sydney – a 349-room six-star hotel that opened late last year – and the Crown Sydney casino, currently mired in regulatory purgatory.
No expense has been spared on the two, three and four-bedroom residences, all of them with views of the Sydney Harbour Bridge and Opera House.
Sky villas for high rollers
New York-based Meyer Davis Interiors has done the internal design and the landscaping has been handled by St Legere from Hong Kong.
There are also “sky villas” – across levels 67 to 69 – which will be reserved for high rollers when the casino eventually opens.
Residents will be able to enter and leave through a private entrance with a 24-hour concierge and doorman.
In addition, they will have access to the amenities of Crown Towers Sydney.
Secrecy has surrounded the sale of the luxury apartments, which has been handled by Knight Frank’s Erin van Tuil.
An update on the progress of the sale is expected when Crown Resorts makes it much anticipated half-yearly results announcement on Thursday.
Almost a year ago, residences to the value of $650 million had been sold and 80 per cent were purchased by Australians, according to Ms Van Tuil.
“The response has been phenomenal from local Sydneysiders,” she said in earlier comments on the project’s website.
“We are building a real community at the Residences, with the majority being local from a range of backgrounds, from young families to budding entrepreneurs and retirees.
“The demand for rightsizing is more prevalent today than ever.
” ‘Rightsizers’ are seeking a high-quality standard of spacious and serviced living with great amenity, while downsizing the maintenance headaches and costs associated with a freestanding home.”
Among the buyers is well-known investment banker Trevor C. Rowe, AO, who owns a three-bedroom apartment on the upper floors.
“We were looking for a home equipped with a concierge, pleasant views and in a convenient location by restaurants and all the city has to offer,” he said in a statement on the project’s website.
Rowe’s career includes 40 years in investment banking and he was named an Officer of the Order of Australia in 2011 for his service to the finance sector, particularly in the area of investment management, for higher education and the community.
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