Oct
15
Erskineville Development Approved

Peter O'Meagher 15 Oct 2012

The City of Sydney has approved a Development Application by Leighton Properties and its joint venture partner LaSalle Investment Management to transform the north-western corner of the 17-ha Ashmore Industrial Estate Precinct at Erskineville into a residential community.

The 1.61-ha site will deliver a high degree of design and public domain amenity to both existing and new residents, and meet the long planned outcomes envisaged by the City of Sydney. These include public open space, and new roads, cycle paths and footpaths to improve accessibility.

Significantly, a new public road will connect Macdonald Street to the south and Bridge Street to the north, providing access to pedestrians and cyclists traveling to and from Erskineville village and Erskineville Railway Station.

The project is the first in Ashmore Precinct to be approved under the State Government’s new planning framework, so great care has been taken to ensure the development sets the standard for others to follow.

Leighton Properties held a design competition which was won by SJB Architects, then undertook many months of consultation with statutory authorities, surrounding residents and community groups to ensure its proposal was in keeping with the fine-grain character of Erskineville.

The approved plan addresses the principles of social and economic sustainability, amenity and accessibility by having low-scale development along Ashmore Street. Its key elements are:

  • 302 apartments, ranging from studios to three-bedrooms, suitable for a diverse demographic
  • 16 Torrens Title terrace houses on the northern boundary providing an appropriate transition between existing terraces
  • four apartment buildings with landscaped setbacks providing a high degree of visual and physical amenity between private and public open space
  • ecologically sound buildings ranging from three to eight storeys
  • an opportunity for a cafe at the closest point to Erskineville Station to help promote movement through the site
  • pedestrian and cycleways to open up the site and allow links to nearby Erskineville village and the railway station
  • a landscaped central community park plus a pocket park at the north-western corner

CBRE Residential Projects has been appointed to market the development, which will be called Erko.

The first stage of Erko will comprise 263 apartments in three buildings situated around a generous park that will provide a focal point for a new and vibrant residential community. There will also be provision in stage one for a cafe.

Erskineville is among Sydney’s most convenient locations, being surrounded by arterial roads, well serviced by buses and trains, and close to Sydney Airport without being under the flight path. There is pent-up demand for accommodation in Erskineville because of lack of new supply. The last significant residential developments in the precinct were Motto (200 apartments) in 2008 and Glo (90 apartments) in 2005.

The Managing Director of Leighton Properties, Mark Gray, said Erko will help meet some of this pent-up demand without impacting on Erskineville and Newtown’s urban village feel.

“We are pleased to have the opportunity to contribute to the renewal of the Ashmore industrial precinct into a vibrant residential community within the cosmopolitan cultural neighborhoods of Newtown and Erskineville,” Mr Gray said.

“We believe Erko will open up and rejuvenate a site that can and will make a positive contribution to the character of the Erskineville area whilst at the same time offering a range of housing choices that will appeal to a broad cross section of the market.

“We have already received interest from a large number of owner occupiers and investors who recognize the unique opportunity Erko presents,” Mr Gray said.

The Development Director of LaSalle Investment Management Matthew Bailey has no doubt Erko will be popular.

“Erskineville is a real growth area, with an eclectic lifestyle loved by a wide mix of people,” Mr Bailey said. “It has a vibrancy unmatched by many suburbs, attracting residents through its cafes and restaurants, fashion boutiques, and live music scene. Yet there are peaceful green spaces such as the family-friendly Sydney Park where you can relax, have a picnic, enjoy the play areas and utilise the cycleways and walking tracks.”  

Erskineville is also ideal for students and teachers, being handy to Sydney University, University of NSW, the University of Technology, the National Institute of Dramatic Art, the Newtown School of Performing Arts and the Sydney College of Applied Arts.

For more information

Visit

Peter O'Meagher

Senior Development Manager
Phone+61 2 9925 6666
Email Peter O'Meagher

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