Sekisui House will move forward with its billion-dollar plans in Sydney’s Norwest after receiving development approval from the Hills Shire council for stage two of its masterplan.
The Rothelowman-designed building, Aire, will see 57 apartments added to the north west Sydney suburb, which forms part of Sekisui’s $1 billion masterplan for its project, The Orchards.
The green light comes as New South Wales announced it would fast-track the planning process for “shovel ready” projects, in a bid to keep the construction sector ticking along through Covid-19.
On Friday, Victoria announced the green-light on its own range of major development projects to boost the state's Covid-19 hit economy. The four Victorian projects, combined worth more than $1.5 billion in building costs alone, are from major property players Dexus, Charter Hall, Beulah and Pace Development.
Sekisui’s masterplan for Norwest in the Hills Shire, designed by Turner Architects is expected to span seven future stages with building heights ranging from six, seven, nine and 12-storeys.
When completed the development, which sits roughly 31 kilometres north-west of Sydney’s CBD, will comprise 1300 apartments.
Sekisui House Australia’s sales manager Paul Wainwright said downsizers living in the area had been leading the apartment sales, driven by softer lending conditions and low interest rates.
Nearby, developer Mulpha had its own variety of towers, comprising 864 apartments, approved in December, as part of its own billion-dollar project at 40 Solent Circuit in Norwest.