View from the top revealed as One Darling Point receives development approval

Sydney, 2 July 2025: Lendlease today revealed the latest imagery for its One Darling Point development in Sydney's Eastern suburbs, as the ~$500m residential project receives development approval.

Nestled in one of Sydney’s most prestigious suburbs, the development will combine the charm of Darling Point, with its stunning vistas, high-quality dwellings and the connectivity found in Edgecliff, with a wealth of retail and hospitality and access to excellent transport options. Designed by renowned Australian architecture studio Tzannes with market apartment interiors crafted by award winning practice Alexander &CO., the timeless mixed-use development will embody the powerhouse duo’s vision.

The design is distinguished by a publicly accessible through-site link, which thoughtfully integrates and celebrates the existing heritage-listed Commonwealth Bank building from 1941. The ground floor will feature a curated selection of retail, commercial, and hospitality spaces, seamlessly activating the streetscape.

One Darling Point will feature 41 meticulously designed two, three and four-bedroom on market residences, each offering breathtaking vistas. These include panoramic views of Sydney Harbour, iconic landmarks such as the Sydney Harbour Bridge and Sydney Opera House, and eastern views stretching from Double Bay to Vaucluse.

Atop the 17-story building, a spectacular four-bedroom penthouse will offer the ultimate in luxury, complete with a rooftop pool, private terrace, and unparalleled city vistas. The sub-penthouse will also provide similarly striking views from its own private terrace.

The project has been assessed under the NSW Government’s recently established in-fill affordable housing scheme and incorporates 15 per cent floor space dedicated to affordable housing for key workers. As a result, the development will include 18 one, two and three-bedroom apartments for essential services workers in the education, healthcare, childcare, social and emergency sectors.

One Darling Point is being delivered in partnership with Mitsubishi Estate Asia (MEA). Building on their proven track record of delivering iconic developments together, One Darling Point represents the sixth joint venture between Lendlease and MEA, following projects One Sydney Harbour, Sydney Place, Melbourne Quarter’s East Tower, and One Circular Quay currently under construction.

Prospective buyers can register their interest now, with the sales campaign set to launch in early 2026. Visit www.onedarlingpoint.com.au.

“The NSW Government's new streamlined planning pathway has accelerated the approval process for One Darling Point. Development approval has been secured just five months after public exhibition enabling us to quickly move forward with the project, bringing new homes and jobs to Sydney.

“One Darling Point brings our renowned luxury residential experience to a prime location in Sydney’s East, and will deliver the highest standards of quality and design, alongside the expertise of Tzannes and Alexander &CO.”

“Mitsubishi Estate Asia made a strategic investment decision last August to form a new residential development partnership with Lendlease – marking our first joint investment in Sydney’s coveted eastern suburbs. The development approval for One Darling Point represents a major milestone on a project which we consider to be highly attractive and on strategy for our Australian business.

“Utilising the NSW Affordable Infill Housing provision, Mitsubishi Estate Asia is committed to supporting our local development partners to help address the prevailing supply shortage for the benefit of all Australians and we look forward to working with Lendlease over the coming years at One Darling Point, extending our joint success in delivering premium residential apartments in Sydney.”

ENDS

For more information: 
Ashley Chrysler
Senior Manager External Affairs, Lendlease
ashley.chrysler@lendlease.com
+61 472 653 297