The Pienza development on Waters Road has reached a significant milestone, with the arrival of Bodylove Pilates and Italian restaurant Trattor completing the ground-floor retail precinct at the mixed-use Neutral Bay site.
The two new tenants join Dan Murphy’s and Wholegreen Bakery at 12–14 Waters Road, rounding out the retail vision that developer Central Element set out to achieve when the $180 million project was first launched. The development features around 2,000 square metres of street-level retail activation alongside 37 apartments designed by SJB Architects.
Bodylove Pilates, a Sydney brand with studios in Woollahra, the CBD and Manly, has opened its fourth location within the Pienza development. The multi-level studio is architecturally designed with herringbone flooring, terrazzo finishes and a feature spiral staircase connecting two levels, and offers reformer, mat, barre, strength, yoga and prenatal classes. More than 120 classes are scheduled each week, with the studio aiming to serve residents from Neutral Bay and the broader Lower North Shore.
Founder Ali Handley said the goal had always been to build spaces that support rather than exhaust, and that she was looking forward to growing a connected wellness community in the area.
Trattor, a modern Italian restaurant on Grosvenor Street, is the final piece of the precinct. The restaurant’s menu centres on antipasti, handmade pasta, flame-kissed pizza and wine, and aims to cater for midweek dinners, long lunches and everything in between. Its interiors were designed by Vie Studio, and early signs suggest locals have wasted no time embracing it — on its first Saturday of trading, a soft launch night, all tables were filled and diners were waiting outside for a seat.
Founder Matthew Wang described Trattor as a true neighbourhood restaurant — somewhere locals could return to regularly for food that feels both comforting and considered, with a genuine focus on quality ingredients and community connection.
Central Element managing director Nathan Chivas said the completion of the retail precinct was an important milestone for the project. From the outset, he said, the intention was to create something more than a residential building — a genuine village precinct that would add to the everyday life and character of Neutral Bay.
Pienza was designed by SJB Architects and built by Richard Crookes Constructions, with the project launched off the plan in 2021 and completed in 2025. It achieved record-breaking prices for the suburb, including a reported $7 million sale for a three-bedroom apartment.
Central Element continues to be active on the Lower North Shore, with a proposed seniors housing development in Greenwich underway, a newly acquired site in Barry Street, Neutral Bay, and separately lodged plans for a major mixed-use tower development at Lavender Bay comprising 163 apartments across two buildings of 23 and 32 storeys.
For locals keen to explore the precinct, a community event called Taste of Pienza is planned for Saturday 5 and Sunday 6 July, with promotions and giveaways across all four retail tenancies.
Published 25-June-2026
