Sydney developer Dyldam has been given the green light by the Cumberland Council to embark on a new $808 million precinct development in the Sydney western suburb of Merrylands.
Dyldam’s residential and commercial masterplan, “The Opera”, will stretch across a 2.5-hectare site at 228 Pitt Street and comprise three buildings.
The project is one of several developments prompting major urban renewal in the area, as a range of infrastructure projects including the light rail and $26 billion West Connex trigger high-rise development in Sydney’s west.
The first of three buildings, “Concerto”, will represent the project’s first development stage and are expected to cost $91 million. Concerto will feature 365 residential apartments and a large commercial area.
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Dyldam’s chief executive Fayad Fayad said design changes delayed the lodgment of Dyldam’s plans for the $800 million project.
“We have spent a long time at the drawing board to optimise the experience of residents. Our vision was to create more than an apartment experience – to create vertical homes with the benefits of a freestanding home.”
“Our philosophy has been to provide a place where people can live and play in a safe, quiet and cohesive environment at an affordable price, while being conveniently located near major transport hubs,” he said.
Fayad Fayad recently replaced Sam Fayad as chief executive, while development director Remon Fayad has been appointed chief operating officer – assuming the role Fayad Fayad previously held at the company.
The Opera, when it reaches completion in 2023, will provide a total of 1,200 apartments and 2,500 square metres of commercial space.
“The commercial area will be most attractive to child care and medical centres, hospitality providers and fitness centres, as well as operators like cafes and restaurants, as it will have a strong customer base both within and outside the precinct.”
Designed by Plus Architecture, Concerto is expected to be ready for occupation in 2021, with one bedroom apartments starting at $435,000.
