From ugly duckling to Tamarama glamour as $20 million penthouses unveiled | Sue Williams
Apartment owners in the Skye Tamarama building will be able to move back in shortly after an extended redevelopment.
Fair Trading building and construction compliance director Matthew Whitton said 2019 building code legislation required that sprinklers be installed on every level of the building, while unit owners argued that their lawyers had advised the 2016 standard – which called for fewer sprinklers – applied to the older mass of the building.
“The certifier has now signed off on the building, which is a huge relief,” strata committee chair Christine Smetsers said of the old brutalist building which has now been given a major facelift, as well as the addition of the two penthouses, the two-level car park, balconies or courtyards onto units and a new wave-shaped roof.“We proposed this [sprinkler] solution eight months ago, but it’s taken this long to resolve the situation.
Originally priced at $20 million, it ended up at 2½ times that cost, and involved special strata levies for all the owners and Australia’s biggest-ever strata loan to help finance the work.Owners now hope that the bold experiment will provide a template for other crumbling buildings in Sydney – and around the rest of the country – as a way of raising the money, by constructing extra apartments to sell on the roof, in basements or in any other unused spaces, to renew whole blocks.
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