UrbanGrowth NSW has decided to bring forward the sale of a 1.35 hectare 'superlot' of land in the Green Square Town Centre to accelerate development, with a Tender campaign now underway.
The superlot wasn't scheduled for development by UrbanGrowth NSW and Mirvac for up to eight years. The sale will bring the entire Green Square Town Centre closer to completion earlier.
UrbanGrowth NSW Chief Executive David Pitchford said, "We are bringing forward the sale of the Stage 4 superlot to bring the precinct to life and establish a "sense of place" for Green Square by enabling the early completion of the heart of the Town Centre some five to ten years ahead of schedule."
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"The decision follows the successful launch of Stage 1 - 462 apartments in the Ebsworth, No 8 Ebsworth and Ovo buildings - which was over 95% pre-sold within the first weekends of release. It also recognises the benefit to future residents of those apartments, as well as neighbouring residents, if Stage 4 were brought forward.
"Selling Stage 4 is a demonstration of our confidence not only in the Sydney residential market but, more importantly, in our vision for Green Square Town Centre.""Beyond Green Square itself, bringing forward the sale of Stage 4 is good news for the broader economy, delivering jobs and amenity to the people of Sydney," Mr Pitchford said.