Triguboff’s $3-Billion Eastgardens Play
The property tycoon is surging forward on his most ambitious project to date.
By Terry Christodoulou
Thu, Jan 21, 2021 3:28am
< 1 min
< 1 min
Billionaire developer Harry Triguboff is surging forwards on his Eastgardens development.
Meriton’s largest project to date – Pagewood Green – has seen the addition of a new development application for the second stage of its sprawling $3 billion residential development.
The site is bounded by Bunnerong Road, Heffron Road and Banks Avenue will see the construction of a $115 million mixed-use project comprising two residential building up to 16 and 17 storeys in height and totalling 383 residential units.
Simultaneously, Meriton was also revealed as the buyer of Dyldam’s Pennant Hills site in Carlingford this week.
The 2.7-hectare site at 263-273 and 277-281 Pennant Hills Road was purchased for 68.5 million.
As for his Eastgardens build, the 87-year-old founder – who is personally worth about 15.5 billion, has described Pagewood Green as his most ambitious.
When complete, the precinct – which is only eight kilometres from Sydney CBD – will hold more than 400 units and span a 16.5-hectare site.
MOST POPULAR
The Australian leather house has opened an immersive four-day pop-up in Manhattan, unveiling its Bloom Collection and redefining what a product launch can look like.
Following the successful launch of its Palais Collection, MAISON de SABRÉ has unveiled a new modular handbag system offering more than 720 styling combinations.
Related Stories
A five-bedroom Palo Alto home designed by Steven Ehrlich is listed for $44 million, making it the city’s most expensive listing. Built around a dramatic concrete spine, the home features four courtyards and a pool.
By E.B. Solomont
Thu, Sep 24, 2026 3 min
3 min
For years, tech entrepreneur Asher Waldfogel and his wife, Helyn MacLean, dreamed of building a modern house in Palo Alto, Calif.
The couple, however, worried about clashing with the Mediterranean-style architecture typically associated with their neighborhood of Old Palo Alto.
So they tapped architect Steven Ehrlich to create a design that paid homage to its surroundings with stucco, mahogany and titanium zinc cladding. They spent $20 million over several years building the house, completed in 2005.
Now looking to be closer to their adult daughter on the East Coast, they are putting the five-bedroom home on the market for $44 million—the most expensive listing in Palo Alto.
Waldfogel is an angel investor who co-founded Redback Networks, a telecommunications-equipment company. MacLean previously had a career in fundraising.
The couple purchased the roughly 0.4-acre site for $7.1 million in 2000 and demolished a circa-1930s Spanish Colonial home. The house they built pinwheels around a central staircase. It has 7,900 square feet of livable space, with four distinct courtyards and a pool.
A key feature of the home is a cast-in-place concrete wall, or spine, that is two stories high and about 80 feet long. “There’s a little bit of controlled chaos in what comes out of the form,” unlike a perfectly uniform surface, Waldfogel said. “If you want that, you do it in plastic.”
Waldfogel said he and his wife are thinking about the next phase of life now that their daughter is grown, although they have not decided where they will move. They also have a home in Sun Valley, Idaho.
“Right now we’re just trying to emotionally let go and decide what to do next,” he said.
Palo Alto, an epicenter of venture capital and tech startups in Silicon Valley, is home to some of the country’s biggest tech titans. Sales volume and prices are rising, with a median sale price of $3.5 million for the three months ending in August, up 5.8% year-over-year, according to real-estate brokerage Redfin.
Arthur Sharif of Sotheby’s International Realty—San Francisco Brokerage has the listing.
