A 7-hectare masterplan in Campbelltown has received the nod from council to develop up to 1,800 dwellings from Bunnings Warehouse to Marketfair Shopping Centre.
Council voted to recommend the Kellicar precinct proposal progress to NSW gateway determination in July.
The masterplan seeks to increase the building height limitation from 10-storeys to 25-storeys on the three blocks around Tindall Street and Bugden Place.
This will allow for multiple buildings across the 64,000sq m site along with a 5,000sq m park, civic plaza and pedestrian walkways. There is a 30 per cent target for open and public space, according to the planning proposal.
The project is a joint venture between the landowners—including Marketfair Shopping Centre owner Fort Street Real Estate—Morad Group, Dumarch and Holdings and Dankur and Senkhun Two Pty Ltd. The NSW government owns part of the consolidated land parcel.
Fortius Funds Management purchased the Bunnings Warehouse site at 1 Kellicar Road for $21.3 million in 2009 as well as the commercial complex next door at 1 Tindall Street for $15.1 million in 2015.
OM Development purchased the 3 Tindall Street property from the NSW government in 2017 and the $48 million shopping centre was purchased by Fort Real Estate Capital in 2016.
The development application was originally submitted in 2018 by Memphis Strategic on behalf of the Kellicar precinct landholders group and was scaled back in June 2019.
The council-endorsed masterplan allows for 143,000sq m of residential floorspace and 80,000sq m of general commercial with areas earmarked for medical and hotel space.
Architectus and Chrofi are behind the masterplan scheme which will take five to 20 years to build with development occurring in stages as existing leases expire.
The project is anticipated to be on public exhibition later this year.