17 April 2025
This week Fortis won Sydney Council approval for our $240m Regency House apartment block of 20 luxury units of two, three and four bedrooms starting from $4m on its 21C Billyard Ave site. Fortis Head of Acquisitions John Yacoub stated receiving development approval was a significant milestone.
Fortis has also secured Woollahra Council approval for a $50m-plus penthouse in Double Bay as well as three luxury apartments in exclusive Darling Point ranging in price from $15m-$20m.
Positioned in the heart of Double Bay, the penthouse atop Ruby House, fronting 294-298 New South Head Road and 2-10 Bay Street, ” will become the crown jewel of Double Bay, standing among the world’s finest apartment residences.” With more than 1000sq m of indoor and outdoor living space and interiors by Melbourne designer Pete Kennon, the penthouse will have private lift access, four bedrooms, a library, cellar, secure underground car parking, a 20m lap pool and two private terraces. Fortis added that the north-facing aspect would have sweeping waterviews.
The penthouse will sit above the $195m Ruby House, a luxury mixed-use commercial project currently under construction. The main commercial project is expected to be complete by the fourth quarter of 2025, according to Fortis’ General Manager of Development, NSW, Ed Eve.
However, the penthouse is expected to take slightly longer, completing by the first quarter of next year. In Darling Point, Fortis is yet to start marketing the project, and agents are yet to be appointed for the marketing of three full-floor apartments, which according to Ed will appeal to wealthy downsizers or people looking to move to the eastern suburbs from elsewhere–in Australia or internationally. The open-plan apartments front 7 Annandale Street, Darling Point and were designed by MHN Design Union,with interiors by celebrated designer Phoebe Nicol. Each unit has full-width balconies and private garages.
The penthouse has its own private rooftop terraces, while the lower residences have manicured gardens by landscape designers Wyer & Co.
The just-approved project is expected to take 18 months to complete, with delivery by the second quarter of 2027.
“These approvals reinforce our commitment to working with the best teams to bring visionary, premium developments to life,” Ed added.
“Receiving this support from Woollahra Council is a strong vote of confidence in our ability to deliver exceptional projects in some of Sydney’s most prestigious locations.”
