Lendlease and Mitsubishi Estate Asia have received planning approval for One Darling Point, a AUD$500-million mixed-use tower in Sydney’s eastern suburbs. The 17-story development, located at the corner of New South Head and Darling Point roads opposite Edgecliff Station, will include 41 luxury apartments, 18 affordable homes, and 1,750 square meters of commercial and retail space within a four-level podium.
Approved under the state’s fast-tracked pathway for State Significant Developments, the project also meets requirements under the NSW Affordable Housing SEPP by allocating at least 15 percent of its residential offering to affordable housing.
Designed by Tzannes and Alexander &CO, the scheme features a rooftop pool, a restored 1941 heritage façade, and a public through-site link. Construction is expected to begin in 2026.
Lendlease’s Tom Mackellar praised the planning process for its efficiency, while Mitsubishi Estate Asia’s Yosuke Matsunaga called the approval a “major milestone” in the company’s strategic expansion into Sydney’s east.
Learn more at The Urban Developer.