Atlassian billionaire Scott Farquhar has quietly pulled the $37 million renovation plans he’d unveiled with fanfare earlier this yr for his Double Bay trophy property, Elaine.
Farquhar and spouse funding banker, Kim Jackson had native architects pitch for the design venture, however went with a putting three storey idea with a translucent curved facade from Lazzarini Pickering Architetti, a Rome-based follow headed by expatriate architect Carl Pickering.
Whereas they await the brand new plans, approvals, and an estimated two-year construct, Farquhar and Jackson, who heads Skip Capital, are holed up of their $16.25 million Bellevue Hill in-between acquisition.
It was three years in the past that they paid $71 million to John B. Fairfax for the property on Seven Shillings Seaside, with the deal now ranked as Sydney’s third costliest.
Their plans have been launched to media previous to their lodgement at Woollahra Council, which adjoins Elaine on its southern aspect through its Blackburn Gardens. The applying didn’t even progress to the formal promoting within the Wentworth Courier for objections from the general public, earlier than it was pulled.
However when the revised proposal does lob, Farquhar will doubtless have taken steps to have run it previous all of the neighbours. The opposite key get together being his enterprise associate, Mike Cannon-Brookes who spent $100 million subsequent door on Fairwater in 2018 together with his spouse, Annie.
The Promote envisages the very edgy proposal for a rooftop tennis court docket can have been dominated out.
There’s at all times returfing the present garden court docket on the 7000sqm property.
There are solely a dozen or so harbourfronts elsewhere within the east that include a court docket, beginning with the Paspaley household in Elizabeth Bay by to the Boyer household at Watsons Bay.
They embody Edgewater, the Wolseley Rd, Level Piper offered earlier this month for a reputed $95 million by the founders of the Katies retail clothes chain Joe Brender and the late Sam Moss.