The NSW government's land and property development arm Landcom has announced the sale of two large development sites at Lachlan's Line, near North Ryde station.
The latest land release includes two stages comprising medium to high-density residential super lots, which can be bought together or separately.
Landcom, led by new chief executive, John Brogden, is calling for developer expressions of interest to buy and develop the land which is part of the North Ryde Station Precinct, announced in 2013.
Once complete, a new contemporary urban village will provide approximately 2,700 homes for around 5,000 residents close proximity to jobs, shops, and transport.
The sites will benefit from its proximity to the the North West Metro Line that currently connects Tallawong in Sydney's north-west with Chatswood, and will eventually connect to the City and South West Lines.
Through the Sydney Metro Northwest Places program, housing hubs at all eight new stations between Tallawong and Epping are currently being developed over the next 10 years to deliver 11,000 new homes in total.
Beyond Epping and towards the Sydney CBD, much of the land around the stations has already been developed.
The latest land release, being overseen by Knight Frank, includes two stages comprising medium to high density residential superlots, which can be bought together or separately.
“The vision for Lachlan’s Line is to create a vibrant new residential neighbourhood and local destination with quality public spaces and amenity,” Brogden said.
“As the master planner for Lachlan’s Line, Landcom has already delivered lead-in infrastructure and services to prepare the superlots for development, as well as public domain spaces, parks and regional road upgrades.”
The sites follow previous land releases within the 9ha Lachlan’s Line project.
Fraser’s Australia purchased the station north site, yielding 380 apartments, in 2013.
In late 2014, Greenland Australia Investment then secured a 1.2 hectare, mixed-use site for shops, community facilities and around 900 apartments.