Atlassian’s Scott Farquhar has quietly pulled the $37 million renovation plans on Elaine. (AAP Image/Dan Himbrechts)
Atlassian billionaire Scott Farquhar has quietly pulled the $37 million renovation plans he’d unveiled with fanfare earlier this year for his Double Bay trophy estate, Elaine.
Farquhar and wife investment banker, Kim Jackson had local architects pitch for the design project, but went with a striking three storey concept with a translucent curved facade from Lazzarini Pickering Architetti, a Rome-based practice headed by expatriate architect Carl Pickering.
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The grand mansion Elaine. AFP PHOTO / PETER PARKS
While they await the new plans, approvals, and an estimated two-year build, Farquhar and Jackson, who heads Skip Capital, are holed up in their $16.25 million Bellevue Hill in-between acquisition.
It was three years ago that they paid $71 million to John B. Fairfax for the estate on Seven Shillings Beach, with the deal now ranked as Sydney’s third most expensive.
Their plans were released to media prior to their lodgement at Woollahra Council, which adjoins Elaine on its southern side via its Blackburn Gardens. The application didn’t even progress to the formal advertising in the Wentworth Courier for objections from the public, before it was pulled.
The cancelled plans look very different to this. AFP PHOTO / PETER PARKS
But when the revised proposal does lob, Farquhar will likely have taken steps to have run it past all the interested neighbours. The other key party being his business partner, Mike Cannon-Brookes who spent $100 million next door on Fairwater in 2018 with his wife, Annie.
The Sell envisages the very edgy proposal for a rooftop tennis court will have been ruled out.
There’s always returfing the existing lawn court on the 7000sqm estate.
Atlassian’s Scott Farquhar and Mike Cannon-Brookes (AAP Image/Dan Himbrechts)
There are only a dozen or so harbourfronts elsewhere in the east that come with a court, starting with the Paspaley family in Elizabeth Bay through to the Boyer family at Watsons Bay.
They include Edgewater, the Wolseley Rd, Point Piper sold earlier this month for a reputed $95 million by the founders of the Katies retail clothing chain Joe Brender and the late Sam Moss.
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