CONSTRUCTION is underway on Sydney-based investment house Princeton’s $70 million luxury residential development, Eurangi, on the Bondi beachfront.
Located at 134-138 Campbell Parade, the development will comprise eight luxury apartments, two single-level penthouses and ground floor retail, with interiors by Jo Lawless, of Lawless & Meyerson and architecture by MHND Union.
The project is nestled in the centre of the Bondi Beachfront, around 7km east of the Sydney CBD, enabling the penthouses to offer potential buyers unobstructed views of the famous beach, while also sitting amongst award-winning restaurants and cafes.
This is the first development of this kind for Princeton and its founders, George Gadallah and Craig Anderson, with financing for the project provided by the groups construction funding arm, the Princeton Mortgage Fund.
“At Princeton, we are honoured to be part of the celebration of this unique area, having just begun construction of Bondi’s newest luxury apartment building. This truly is unsurpassed Australian beachfront living and a new era for a once bohemian village,” said Gadallah.
“This is a dream development for our company and we can’t wait to see it come to life in 2022. We have had a hugely successful year and it feels great to end it on a high with the commencement of such a luxury project,” added Gadallah.
Michael Pallier and Francis Egan from Sotheby’s are acting as executive sales agents for the project.
While with works now commenced by Gledhill Construction, Eurangi Bondi Beach is scheduled for a late 2022 completion.