Built-to-rent platform Novus, and M and G Real Estate have announced that they have secured approval of a residential development in Chatswood, designed by Rothelowman.
The project is the fourth overall and the second Sydney build-to-rent (BTR) scheme from Novus and Rothelowman. It follows approval of the duo's Novus on Harris project, located in Parramatta, in April last year.
Rothelowman Principal Ben Pomroy noted, "Novus on Albert continues our growing partnership with Novus, built on a shared commitment to housing. Prioritising the occupant experience, the design encourages engagement between people and place through layered landscape, crafted detail, and robust materials - contributing meaningfully to Chatswood's evolving urban fabric."
The $290 million Chatswood scheme is situated adjacent to the suburb's major lifestyle and retail precincts - including Westfield, Chatswood Chase and the Concourse Arts Precinct - with direct connections to the Chatswood Transport Interchange.
Across 27 storeys, the proposal comprises 198 purpose-designed BTR apartments including studios, one-, two- and three-bedroom apartments, along with a pool, wellness areas, co-working spaces, a rooftop lounge and outdoor terrace, and ground-floor retail.
A statement from Novus says that "the tower has been carefully designed to maximise solar access, amenity and privacy, while capturing panoramic views over the Lane Cover River to the west and Sydney's CBD to the south."
Novus co-founder and chief development officer Jason Goldsworthy said the pathway to achieving state significant development approval "involved working alongside the NSW Department of Planning, Housing and Infrastructure, Willoughby City Council and Government Architect NSW to reach a positive outcome for Sydney's Lower North Shore and aid in the housing shortfall being experienced across the state of NSW."
"Novus on Albert is part of the new wave of sustainably designed and developed residential buildings," Goldsworthy explained. He noted that the project includes initiatives to promote improved thermal performance, reduced reliance on mechanical air conditioning and increased energy efficiency, resulting in a 5-star Green Star rating and an average 7-star NatHERS rating.
Construction is due to commence in early 2026.
