It started off with two houses to make way for a triplex, but then the neighbours got excited and five homeowners ended up with a surprise windfall totalling $31,750,000. Ist City Projects partner Yaron Foghel was approached by developer DCN Capital to secure a quality new site to make way for the boutique block of three units with views. 'I knew one of the owners at 3 Andrews Ave and he was open to the idea, so he suggested we have a meeting with his neighbour at No.1,' Foghel said. Those homes were attractive because they were north-facing; in a small, quiet cul-de-sac; only a few hundred metres to Totti's Restaurant; and ideally positioned between Bondi and Tamarama beaches.

https://www.realcommercial.com.au/news/bondi-homeowners-reap-3175m-to-make-way-for-11-luxury-apartments

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