Leading Sydney property developers and fund managers WINIM has ‘topped out’ on its luxury, boutique residential development OTTO, Cremorne – by reaching the highest level of the four-storey building, pouring the final level of concrete.
WINIM will hold a topping out ceremony with the project’s construction company, Pindan at the highly anticipated $16 million project this week, with OTTO, Cremorne on track for completion and occupation by July 2021.
WINIM’S Joint Managing Director Justin Kuiters said the group was delighted with progress to date, with the high-visibility project consistently attracting strong interest during construction.
“We’re very pleased to have reached this stage with completion in sight, and the project continuing to track on time and budget – attracting solid positive attention throughout the build phase,” Mr Kuiters said.
“The level of interest we’ve received indicates a renewed strength in the market, and we anticipate a number of imminent off-the-plan sales following the successful $3.04 million sale of the project penthouse earlier this year in May.”
Located behind Military Road at 53-55 Gerard Street, OTTO, Cremorne will feature eight spacious apartments catering specifically to discerning professionals and local downsizers looking for size, generosity and high-level finishes, all wrapped in the appeal of a new home.
“We expect this flagship project to attract local buyers, long-term residents of the North Shore who understand the value and appeal of the area, and want to downsize to a low-maintenance luxury apartment closer to the city, amenities, transport and attractions.”
In addition to the penthouse, seven apartments are for sale with prices ranging from $2.215 million.
“With only two residences on each level, OTTO, Cremorne has been designed so that apartments feel like they live in a house-sized apartment offering the ultimate privacy.”
“As we move into the fit-out phase, we’ll see the inspiring integration of elegant touches throughout, such as the inclusion of formal entryways, full pantries, fine fixtures, and a smart flow leading onto broad entertaining balconies, all of which serve to enhance this sense of space, comfort and privacy.” Each apartment will feature more than 100 square metres of living space and elevated northwest-facing views, ventilation and natural light from three aspects which is uncommon in modern apartments, Justin said. All come with at least one car space, video intercoms, internal lift access, ducted air-conditioning, individual laundry, Miele appliances and two bathrooms.
One two-bedroom apartment with more than 90m2 of private garden on title, will also feature an additional study and is priced at $2.215 million, with prices for the three-bedroom apartments starting at $2.555 million.
OTTO, Cremorne is the first of five new boutique residential projects on Sydney’s Lower North Shore, being brought to market by WINIM in 2020.
“WINIM is proud to be an Australian-owned company producing high end homes on the North Shore for buyers seeking quality. We aim to deliver quality, sustainability and craftsmanship in projects that are community-focused and minded.”