47 years from 100m to 200m? Frankly that's depressing.
To be fair a lot the public realm is even more appalling, particularly in Strathfield. I lay blame on council.Strathfield and Burwood are two suburbs which have had a lot of bad construction happen in the last few years, at least in my opinion. Hopefully whatever is added in the near future lifts up the level of design/aesthetics for the areas.
Should this get its own thread?The first planning proposal in Strathfield with considerable height has been lodged. It would be good to see Strathfield catch up with neighbouring Burwood in terms of height and density. Hopefully with much better designs and materials, that is!
Strathfield Central, 11-23 The Boulevarde, Strathfield
38 storeys / 156m
(Paywalled) https://www.afr.com/property/residential/toga-gets-green-light-for-marrickville-project-20200309-p54895Toga gets green light for Marrickville project
Mar 10, 2020
Developer Toga, partnered by landowner and timber business Danias, has won planning approval for a near $300 million residential project at Marrickville in Sydney, the first stage of a much larger plan in the rezoned Victoria Road precinct.
Wicks Place, as it will be known, will comprise 272 apartments across five buildings along with retail and commercial spaces and access to neighbouring Wicks Park.
The project includes one, two and three-bedroom apartments with terraces, green spaces and a private communal outdoor area on level one.
The approval comes in the midst of what Toga chief executive Fabrizio Perilli acknowledged as "an interesting time" in the market just a week after the official cash rate hit a record low of 0.5 per cent amid financial turmoil and fears over the impact of the global coronavirus outbreak.
"The rate cut helps give confidence," Mr Perilli told The Australian Financial Review. "The reality is we're in a low interest rate for many years to come.
"I think the coronavirus as a short-term issue has some implications. But if you take a medium to long-term view of things, I would have thought that the environment is quite a positive environment to invest."
Another factor supporting investment, according to Mr Perilli, is the looming supply shortage of new housing in Sydney, along with Melbourne and Brisbane, after a sharp drop-off in new units marketed over the past year.
Wicks Place is anchored by a 2500sq m public precinct on the ground floor, which will include a mix of retail and commercial spaces with a laneway linking with Wicks Park.
The site sits within the wider Victoria Road Precinct. Danias has begun developing the precinct's flagship commercial hub, Rich St, a $120 million 13,000sq m campus-style building designed to create workspace for start-ups and creative industries.
Bolstering development in the area is its proximity to stations at Marrickville and Sydenham on the new metro line.
Angelo Angelopoulos, chief executive of Danias Holdings, said the Danias family had a long connection with Marrickville and had been working on planning a mixed-use development for many years.
“Elements such as the recently launched Timberyards project will ensure that there are accessible and affordable spaces for artists and entrepreneurs, all fostering the future success of the area. We are excited and honoured to be championing the next phase of revitalisation for the suburb,” he said.
Looking forward to this. So far even with all new apartments around Marrickville, prices are still quite high for buyers and renters. This will ease some of that i hopeToga, Danias to Build $129m Wicks Place
TUE 10 MAR 20
Toga, Danias to Build $129m Wicks Place
Developer Toga and joint venture partner, the Sydney family-run Danias Group, will kick off construction on 272 apartments across five buildings in Marrickville’s Victoria Road Precinct in August.
The duo won approval for Wicks Place, estimated to cost $129 million, at 182-198 Victoria Road and 28-30 Faversham Street, south-west of Sydney's CBD.
Set to be the first residential project in the creative arts hub and the plans included a 2,500sq m public precinct on the ground floor with a mix of retail and commercial spaces connecting to Wicks Park.
Less than 500m away, Danias are working on Timberyards, a commercial office development on a space once used to store surplus stock for their nearby timber yard.
Danias was behind the planning proposal to rezone the 36 hectare Victoria Road Precinct from an industrial zone to a residential zone with 1100 dwellings, mixed-use, commercial and industrial zoning.
▲ Toga and Danias expect Wicks Place to be completed by late 2022
Danias Holdings chief executive Angelo Angelopoulos said they had been working for many years to carefully plan and deliver a vibrant, mixed-use community and this approval brought their vision a step closer to being realised.
“The Danias family has a long and deep connection with Marrickville,” Angelopoulos said.
“Elements such as the recently launched Timberyards project will ensure that there are accessible and affordable spaces for artists and entrepreneurs, all fostering the future success of the area.”
Other upcoming projects for Danias in the area included Faversham Street a 8,000sq m flexible business hub development close to the new metro train station at Sydenham.
Toga chief executive Fabrizio Perilli said they expected Wicks Place to be completed by late 2022.
“Marrickville has become a unique and desirable destination for Sydney, and it will arguably become Sydney’s coolest metro suburb,” Perilli said.
“Wicks Place, alongside the wider Victoria Road Precinct, will create a vibrant new community and residential offering for the area as it continues to evolve.”
Toga has four major projects currently in development in the greater region—One Twenty Macquarie, The Hunter, Penway Place, and the revitalisation of the Surry Hills Shopping Village.