The NSW Government has confirmed Frasers Property Australia and Citta Property Group as the winning tenderers for a $2.2 billion development in Sydney's Macquarie Park. The developers will work with Mission Australia Housing to redevelop and transform the 8.2 hectare Ivanhoe estate in Macquarie Park.
The project is part of the NSW Government’s Communities Plus program to redevelop and grow the Government’s social housing portfolio. The redevelopment of the Ivanhoe Estate will include at least 950 new social housing dwellings and 128 affordable homes, all social housing tenants will have access to low to zero cost heating.
Frasers Property Australia chief executive Rod Fehring said the project would transform a former social housing estate into a world-class residential neighbourhood. “The redevelopment of the Ivanhoe estate will be a flagship project for NSW, demonstrating how the government and private sectors can work together to deliver necessary social and affordable housing by taking a true long-term community view,” Fehring said.
The urban renewal project will also integrate a new high school, residential aged care facility with a seniors’ wellness centre, two childcare centres, a supermarket, cafés and specialty retail shops, jogging track, nature based playgrounds and exercise stations, basketball court, open green spaces and community gardens.
Mission Australia will have staffed offices on-site to assist in the delivery of support services and programs to strengthen the local community.
Mission Australia CEO Catherine Yeomans said the new development will be a positive, evidence-based model for an inclusive and integrated community that provides homes and a community for people from varied socio-economic backgrounds.
“Everyone deserves a safe place to call home and everyone who lives in the Ivanhoe community will have the opportunity to fulfil their potential and connect with people in the neighbourhood, as well as having easy access to education, transport, jobs and services in the area,” Yeomans said.
“Without a stable and safe place to call home, connecting with a community, raising a family, maintaining health and wellbeing and even just getting to work become major challenges. Ivanhoe provides essential community infrastructure as well as secure accommodation, and will be an inclusive and safe place to live,” she said.
New high school
Town square and retail area
Aged care facility from south-west.
Mission Australia Housing Executive Chris Bratchford added: “We know that mixed tenure, high density communities benefit from smart design, supportive management and proactive community building. This approach has been the foundation for our collaboration with Frasers Property and Citta Property Group.”
Targeting a 6 Star Green Star Communities rating, the consortium aims for the Ivanhoe community to be carbon neutral in operation.
The project will also include new road intersections, local infrastructure upgrades and parking provisions, while a new bridge will connect residents with Macquarie Business Park.
As part of the project, dedicated funding generated through the redevelopment will be reinvested in social outcomes over 20 years.
Mission Australia will coordinate a comprehensive suite of tailored, person-centred supports and services for social housing tenants who elect to access them. This approach will enhance social housing tenants’ capacity to achieve safety, stability and independence through employment, helping people to progress to alternative housing options.
The Property Council has welcomed the announcement of the successful tenderer for Ivanhoe Estate.
“This is good news for those in the community looking for quality affordable housing that is well connected to local services, infrastructure and employment opportunities,” Property Council of Australia NSW Executive Director Jane Fitzgerald said today.
“To meet the housing affordability challenge in NSW we require a diversity of housing options to meet the diverse needs of the community – this project is a good example of this in practice.
“The project is also a great example of the private, public and not-for-profit sectors working together to deliver affordable, sustainable development – more of these partnerships will continue to lead to good outcomes for NSW.”
Main image: New bridge to Ivanhoe Estate from the east.