First look exclusive: Level 33 to team up with City West Housing for over 900 new Wollongong apartments

The Palazzo Collection offers residences with a north-facing aspect, eight-metre frontages, and secluded balconies that extend from the open-plan interiors
Joel Robinson August 12, 20240 min read

The recent North Sydney Council approval to add another level to central element's Neutral Bay apartment development, Pienza, has made way for the release of seven more apartments at the in-demand development

Dubbed the Palazzo Collection, the limited collection introduces two new levels of seven two and three-bedroom penthouse-proportioned residences.

Pienza now sits at 37 apartments across a contemporary six-level building designed by SJB Architects

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Design Director Adam Haddow described Pienza as "the contemporary version of an Italian hilltop town," characterised by a classically inspired façade, layered with texture and polish.

The Palazzo Collection offers residences with a north-facing aspect, eight-metre frontages, and secluded balconies that extend from the open-plan interiors.

The light-filled living area, sunbathed by floor-to-ceiling windows accentuated by a palette of neutral shades, can feature an optional Ecosmart fireplace.

The heart of the home is the chef's kitchen equipped with superior appliances by Sub-Zero and Wolf, complemented by an optional bar. Each residence includes a spacious home office.

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Retail and dining options have also been incorporated into Pienza, with the ground plane reactivated with two levels of commercial space, housing five retail spaces.

Pienza will also offer exclusive lifestyle amenities, including a resident garden, a fitness studio, a rooftop swimming pool, and alfresco dining spaces.

The construction of Pienza is currently underway with the renowned builder, Richard Crookes Constructions, with expected completion in early 2025. The project sits on Waters Road, one street back from the Neutral Bay Village.

Central Element is for for a busy 2024, with projects in Bondi Beach, Coogee, and Hyde Park expected to launch.

Read more: The story behind Central Element's push for ultra-luxury in Sydney's best suburbs: Five minutes with Managing Director Nathan Chivas

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Joel Robinson

Joel Robinson is the Editor in Chief at Apartments.com.au, where he leads the editorial team and oversees the country’s most comprehensive news coverage dedicated to the off the plan property market. With more than a decade of experience in residential real estate journalism, Joel brings deep insight into Australia’s evolving development landscape.

He holds a degree in Business Management with a major in Journalism from Leeds Beckett University in the UK, and has developed a particular expertise in off the plan apartment space. Joel’s editorial lens spans the full lifecycle of a project—from site acquisition and planning approvals through to new launches, construction completions, and final sell-out—delivering trusted, buyer-focused content that supports informed decision-making across the property journey