Crown Group’s latest modification to the $750 million Eastlakes Live precinct was granted development approval by the New South Wales department of planning.
The approval decreased the height of the mixed-use development from 74 metres to 60.6 metres after objections were raised by the Civil Aviation Safety Authority due to the buildings' proximity to Sydney Airport.
Despite the drop in height at the Evans Avenue site, the number of apartments was bumped up to 490—increasing the other towers from two to eight-storeys and four to 10-storeys above the podiums.
Construction of stage one was already under way which included three buildings on the north side of the development, with a total of 133 apartments and a 2800sq m retail and dining precinct as designed by architects Francis-Jones Morehen Thorp.
Once finished in mid-2021, the Eastlakes Shopping Centre would be redeveloped into 357 new apartments across five buildings and a new town centre, with a retail and restaurant precinct that included up to 65 stores, a full-line supermarket and a new eat street.
Crown Group chief operating officer Pierre Abrahamse said Eastlakes Live was designed to create a new heart for area.
“This will be a major drawcard for those living in the area, but also for those buying into a developing part of Sydney. It will offer a range of amenity and services that Eastlakes has not seen in decades,” Abrahamse said.
“In stage two we will transform the old Eastlakes Shopping Centre with a totally new look, expanded retail offering and revitalised shopping experience for customers.
“It will further build on the almost 60-year history of the shopping centre and its long-standing connection with the local community.”
Crown Group chairman and chief executive officer Iwan Sunito said the new shopping centre formed the next step in their vision to create a $1 billion portfolio of retail offerings around Australia.
“We have done this successfully at our recent developments in Sydney and we are about to do this again at Eastlakes,” he said.
Crown Group boasts a portfolio of six major projects under development and in the pipeline.
Three of those major projects are in the Sydney area including the $500 million five tower precinct Mastery by Crown Group in Waterloo being developed with Mitsubishi Estate Asia, Waterfall by Crown Group in Waterloo as well as the Eastlakes Live development.