What developer dreams are made of: $55 million waterfront knockdown lands a new buyer

High-profile eastern suburbs developer Michael Teplitsky almost pulled off the sort of coup developers dream of recently: three waterfront properties in Darling Point purchased at a cost of $115.5 million with potential to be consolidated into one super-prime site of almost 3000 square metres with views up and down the harbour to be redeveloped into luxury apartments.

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