City Wants a Fun Reputation

Nov 30, 2012

Australian Financial Review / 30 November 2012

City Wants a Fun Reputation

‘A revitalisation effort is attracting more residents, writes Ben Hurley.

It’s known as a business hub that is dead outside work hours, but North Sydney is changing. North Sydney Council is trying to liven up its nights and weekends with a broader offering of events, restaurants, and bars. The council is also welcoming development that will bring more residents to the area. Developers are responding to the area’s high-density zoning and cashed-up young professionals with several new projects…

In Focus

One developer making inroads in the area is Legacy Group, which is marketing its Montrose development of 104 apartments. The majority of the building’s studio and one-bedroom apartments sold have been bought by invstors, although two-bedroom apartments have sold to a proportion of owner occupiers… Legacy is trying to create a more homey atmosphere with a community herb garden alongside barbecue facilities and a rooftop cinema.’