Vela Apartments Tops Out at The Waterfront, Shell Cove
Construction of Vela Apartments at The Waterfront, Shell Cove has reached a major milestone with the topping out of its twin apartment towers. The team celebrated with builder Binah over a traditional Olive Tree Ceremony, symbolising longevity, resilience, and abundance.
Frasers Property Australia Development Director Mathew Gulliver says Vela Apartments is a significant residential landmark on our harbour foreshore which complements the growing Shell Cove community.
“Vela is the fourth residential apartment development at Shell Cove and its striking architectural presence both complements and contrasts with its surrounds. Binah is delivering a high-quality addition to Shell Cove and we congratulate them on reaching this major construction milestone ahead of completion next year.”
“I personally extend my appreciation to the construction staff both at Binah and Frasers Property, as well as the subcontractors and consultants who are out here in the elements every day working through the challenges and coordinating an unbelievable amount of detail to be able to deliver quality buildings like this.
"While Vela is a premium product offering, it does contribute to the complex broader housing supply challenges by providing a unique opportunity for downsizers, empty nesters, investors and families seeking low maintenance living, unlocking new homes within the established market for these buyer segments.”
Binah CEO Khalil Hafza praised the partnership with Frasers Property, highlighting Vela as the builder’s next step into Australia’s luxury residential market: “We’re proud to be building Vela Apartments in partnership with Frasers Property—our second major collaboration - and we’re excited to bring their vision to life with the same precision and care that defined our work together at Ed.Square in Sydney’s Edmondson Park. It’s a relationship built on mutual respect, shared values, and a commitment to delivering exceptional outcomes The first residents are expected to move in by late 2026.”
Located just 90km south of Sydney, Vela has already seen strong demand, with over half of the 57 luxury two- and three-bedroom apartments sold. Set among landscaped coastal gardens and a resort-style pool, the first Vela residents are on track to move in late 2026.
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