Work on an apartment development in Wollongong CBD was halted in late 2017, but with the project for sale the developer remains tight-lipped about its future.
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Last year, the site of the ‘Crownview’ development, located at 373 Crown Street, Wollongong was listed for sale via Expressions of Interest, which closed on October 31.
The project is to comprise two towers which are 20 and ten storeys respectively.
Developer Robert Huang from the Oxford Crown Group, also the developer of the mixed-use Oxford on Crown, declined to comment when contacted by the Mercury.
Marketing for the sale notes that the ‘Crownview’ site is DA approved and a construction certificate has been issued for 149 units plus retail across two buildings.
It also notes that “excavation works (are) complete - (on) four level basement and two lift wells”, the site has a land area of 5011sqm and that it is more than 50 per cent pre-sold.
As of this week, apartments within 'Crownview' were still listed for sale off-the-plan on property websites such as Domain and realestate.com.au.
The listings offer two-bedrooms with a starting price of $630,000; three-bedrooms from $725,000; and three-bedrooms plus study with a starting price of $970,000.
"The 20-storey Crownview complex is a striking addition to Wollongong's skyline," the Domain listing says.
"With interiors, inclusions and finishes set to new uncompromising standards of design excellence, it will redefine your concept of high-end city apartment living."
Danny Shi from CBRE, the sales agents for the 'Crownview' site told the Mercury that there had been three offers on the site, but no deal had been done and contracts hadn’t been exchanged.
He said they were in the negotiation stages with those parties, and were waiting on a response from them.
Since 2003, the site of the former Masonic Club at 373 Crown Street was earmarked for various multi-level developments.
The first was a plan to build a medical centre and 59 residential apartments on a 5018sqm block of land, approved by Wollongong City Council in May 2003.
Fast-forward four years and the plan shifted, with a development dubbed ‘Pinnacle on Crown’ that was to feature a pair of mixed-use residential and commercial towers.
‘Pinnacle on Crown’ (later rechristened ‘Crownview’) was slated to join a list of new developments aimed at revitalising the western end of the street.
In 2014, the JRPP approved a series of changes to the plans, allowing for more units to be built.
Brendan Crabb
I'm a member of ACM's national property team, covering the Illawarra and South Coast. Based in Albion Park, NSW, I write about exciting, interesting or just downright quirky properties that have been listed for sale, major sales, market trends, auctions and more. One of my favourite aspects of being a journalist is I believe everyone has a story to tell. What's yours?
I'm a member of ACM's national property team, covering the Illawarra and South Coast. Based in Albion Park, NSW, I write about exciting, interesting or just downright quirky properties that have been listed for sale, major sales, market trends, auctions and more. One of my favourite aspects of being a journalist is I believe everyone has a story to tell. What's yours?
