Tony Merhi, a well established and successful property investor in his own right for some 20 years, has combined his visionary talent and aptitude for recognising business potential with a tried and tested formula for optimising positive outcomes and minimising risk in investing in property. By carefully calculating risks and ensuring that possible losses are covered up front through staged developments with pre-sales, Tony has achieved a phenomenal success rate.
Tony has developed a unique rapport with the Hills Shire Council, which puts him in a strong position as a developer. He gained the first DA approval for apartments in the Shire (Baulkham Hills and Castle Hill) where he introduced what was then a new concept; large resort style apartments with pool, spa and gymnasium amenities. This was against a background of an anti-development attitude in Council at that time and the absence of medium density accommodation provisions in its LEP; challenged successfully by Tony using a small loophole in the LEP.
With only a few exceptions, apartments currently in Baulkham Hills, Castle Hill and Carlingford were Tony Merhi’s projects from site acquisition to DA approval and completion. Several received Council design awards, the most recent for his Mercer Street, Castle Hill development.
For five years Tony worked with the Council in developing his vision for the now Carlingford Precinct Plan, which allows 8−18 levels to be constructed on sites close to the railway station (see attached maps). The Plan also includes undergrounding extensive high voltage power lines which is to be funded by a new developers levy. This Plan is a win-win situation for Council, the public sector and Tony’s associated companies.
In anticipation of this rezoning opportunity Tony Merhi’s companies have over the years acquired a significant land bank which includes the majority of the key sites for high rise development in the Precinct and he has several DA submissions pending.
Over the past ten years Tony’s companies have successfully completed development projects realising well in excess of $1.4 Billion. In addition to the Carlingford Precinct Plan, Tony’s companies are also working on other projects. Two of them are prestige projects at Killara; one of them adjoining/overlooking Killara Golf Course and a more recent approval for 746 apartments (plus 9,000 sqm commercial/retail) at Samantha Riley Drive, Baulkham Hills (currently on public exhibition). This project has been described by Councillors as: