Triguboff’s $3-Billion Eastgardens Play
The property tycoon is surging forward on his most ambitious project to date.
The property tycoon is surging forward on his most ambitious project to date.
Billionaire developer Harry Triguboff is surging forwards on his Eastgardens development.
Meriton’s largest project to date – Pagewood Green – has seen the addition of a new development application for the second stage of its sprawling $3 billion residential development.
The site is bounded by Bunnerong Road, Heffron Road and Banks Avenue will see the construction of a $115 million mixed-use project comprising two residential building up to 16 and 17 storeys in height and totalling 383 residential units.
Simultaneously, Meriton was also revealed as the buyer of Dyldam’s Pennant Hills site in Carlingford this week.
The 2.7-hectare site at 263-273 and 277-281 Pennant Hills Road was purchased for 68.5 million.
As for his Eastgardens build, the 87-year-old founder – who is personally worth about 15.5 billion, has described Pagewood Green as his most ambitious.
When complete, the precinct – which is only eight kilometres from Sydney CBD – will hold more than 400 units and span a 16.5-hectare site.
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The actress and her husband, comedy writer Dave McCary, spent more than three years restoring the house, which is one of the priciest properties for sale in the Texas city.
In 2021, actress Emma Stone purchased a historic estate in Austin, Texas, with a plan to move her family there. Four years later, she has instead decided to put the property on the market.
The actress and her husband, comedy writer Dave McCary, are asking $26.5 million for the newly renovated estate, according to Eric Moreland of Moreland Properties/Forbes Global Properties, one of the listing agents. The 1.25-acre property, located in the upscale Tarrytown neighbourhood, will be among the most expensive on the market in Austin.
Stone and McCary have spent more than three years renovating and restoring the Texas property, Moreland said.
A spokesperson for Stone didn’t respond to requests for comment. Moreland said the couple’s New York business interests have expanded since they started the remodel, and while they hope to live in Austin eventually, it doesn’t make sense for now.
The couple, who are co-founders of the production company Fruit Tree, own a roughly $12 million apartment in lower Manhattan, according to property records. Stone is slated to star in the upcoming contemporary Western film “Eddington.”
It’s unclear what Stone and McCary paid for the Austin property, since Texas is a nondisclosure state . The Georgian-style brick house dates to around 1940, making it one of the oldest estates in the area.
The roughly 10,000-square-foot estate includes a main house with four bedrooms and a two-bedroom guesthouse. The property also has a pool, a hot tub, and a garage with a screening room and entertaining space above.
As part of the renovation, the couple removed, cleaned and reused all the exterior brick. They also reconfigured some of the living spaces, opening the kitchen to the living room for a more modern layout. It took more than a year just to install the millwork in the screening room, said Moreland.
The contractors are now putting the finishing touches on the property, he said.
The “La La Land” actress has a track record of buying and selling her homes for significantly more than she paid. In 2022, she sold her blufftop Malibu, Calif., home for $4.425 million after buying it for $3.25 million in 2018, according to property records.
Last year, she sold her home in L.A.’s Comstock Hills neighbourhood for $4.3 million, significantly more than the $2.3 million she paid in 2019.
Austin saw an influx of new residents during COVID, but many of those are now returning to the East and West coasts, particularly workers in the tech sector.
While the market “has come down to earth a little bit” since the pandemic-era boom, Moreland said, he has seen a number of $20 million-plus deals over the past few months.
Moreland has the listing with colleague Diane Humphreys.
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The Mayfair home, listed for £8.25 million, once belonged to the Earls of Lindsay.