19/11/2021 - 13:58

Dempsey's Cottesloe project derailed by land sale

19/11/2021 - 13:58

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After years of planning and three design iterations, Gary Dempsey's $22.8 million Cottesloe apartment proposal may have been derailed following the owners' sale of the block to developer Barry Baltinas.

Dempsey's Cottesloe project derailed by land sale
The proposal has gone through several redesigns, each time reducing height. Image: Klopper & Davis Architects

It took years of planning and three design iterations for Gary Dempsey's $22.8 million Cottesloe apartment proposal to be endorsed by the state’s planning body, but the project may have been derailed with the owners having sold the block to developer Barry Baltinas.

Gary Dempsey Developments lodged plans for a nine-storey apartment project for 120 Marine Parade with the State Development Assessment Unit in December last year.

The development was officially approved by the state’s planning commission back in August, but not before Mr Dempsey and his architects at Klopper & Davis were sent back to the drawing board twice.

The Town of Cottesloe and the community had persistent concerns about the height, bulk and scale of the development, resulting in the first two concepts being recommended for refusal.

As a result, the proposal was reduced from nine storeys to seven and the number of apartments reduced from 16 to 12; but the town still spoke out in objection to the development and raised concerns about its inability to contest the approval.

But the future of the development is now unclear, as Business News understands the owners have sold the 561 square metre site to architect and developer Barry Baltinas.

The Marine Parade site would be one of several in Mr Baltinas’s extensive portfolio of projects, which exceeds $250 million in value.

Mr Dempsey confirmed the land sale, which he said was very surprised and disappointing, particularly given the amount of work that had gone into securing development approval for the proposal.

Business News understands Mr Dempsey and the site’s owners had entered into a strategic alliance to develop the site.

“[We] were excited about the project that we thought we were going to deliver and put in considerable time and effort to get it to the stage that we did, which was not an easy process,” Mr Dempsey said.

But Mr Dempsey would not be drawn on the total cost of pursuing the proposal, nor what was expected to happen to it now that the land had been sold to another developer.

Baltinas Architecture has been contacted for comment.

More to come.

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