Located at 12 Phillip Street, Parramatta, on a 6,300 square metre riverfront site is a new a new city icon for the geographic heart of Sydney and a gateway to Parramatta’s CBD and cultural precinct.
The Lennox, a $400 million, 47 level mixed-use development is set to pay homage to the past, present and future of the area with riverside grandeur and the rejuvenation of public spaces.
The Lennox is being developed via a Project Delivery Agreement in conjunction with City of Parramatta and PCC DevCo1 Pty Ltd (a company initially established by LIDIS Group), with development management by EQ Projects, and will sit at the junction of the historic Lennox Bridge and the Church Street dining and shopping precinct.
It will comprise 441 residences across 40 levels, as well as approximately 5,500 square metres of retail and mixed use space and eight levels of basement parking.
“Parramatta is fast becoming Sydney’s second CBD, with population growth in Western Sydney projected at more than two percent per annum until 2031," EQ Projects Director Andrew Young said.
"This growth will be bolstered by developments such as WestConnex and the Westmead Hospital upgrade, as well as the new Powerhouse Museum and the Western Sydney Airport, which will enhance local amenity and provide employment opportunities."
“Councils, government and community groups are working together to rejuvenate Parramatta River to an urban hub and we’re excited to be part of this with the creation of a 120 metre boardwalk which will activate the riverfront and connect the east and west access points under the south side of Lennox Bridge.
Young said The Lennox is expecting to get most of its attention from a mix of owner-occupiers and investors who understand the value proposition of buying a premium apartment in a booming area.
"The incredible location, amenities and access to great schools will appeal to owner-occupiers, while investors will be attracted to the high rental yield, secure investment and the planned infrastructure which will make it easy for future tenants to travel to work and university in the area,” he said.
Savills Head of Residential Ged Rockliff said that property prices in Parramatta are outperforming the average growth seen across Sydney as a whole which is appealing to both owner-occupiers and investors.
“Property values in Parramatta have experienced strong growth over the past decade, with apartment prices increasing by 118 percent but it remains a more affordable option when compared to central Sydney.
"The proportion of private renters in Parramatta is significantly higher than average, resulting in average yields of 4.1 percent for apartments,” he said.
The Lennox team collaborated with Marchese Partners on the interior architectural design and Lorena Gaxiola on the interiors to ensure seamless integration between the external and internal design. The result is a mix of studio, one, two, three and four bedroom residences, varying in size from 40 to 206 square metres internally, with prices ranging from $495,000 to more than $3.5 million for the Skyvillas.
Lorena Gaxiola Director Lorena Gaxiola said the focus was to merge the architecture with the interior design so they can exist holistically and allow residents to appreciate the incredible surrounds from wherever they are in the building.
"While there are 25 different apartment types, the interiors are consistently premium throughout regardless of size. All residences feature unique and intuitive floor plans with exquisite detailing and the highest quality finishes, as well as floor-to-ceiling windows providing front row seats to the incredible panoramic views.”
The two four-bedroom ‘Skyvillas’ are generously sized, customisable homes located on level 47 encircled by a 20 to 30 square metre indoor-outdoor terrace. They feature Herringbone timber flooring throughout, with stone bench tops in the Kitchens feature, a butler’s pantry and a backdrop of custom-designed timber veneer joinery. The spacious bathrooms are adorned with natural stone and one-of-a-kind tile patterns.
The remainder of the building comprises three bedroom suites, studios, one, two and three bedroom residences, each with two interior scheme options.
“The Lennox will be a striking new landmark on the Parramatta skyline but what’s really special about this project is the craftsmanship and detail and how the design allows residents to engage with the area," Young said.
"Sandstone cladding and colonnades recall the architectural themes of Parramatta's past and add visual links to the adjacent Lennox Bridge. Soaring blade shapes create pocket recesses that leave shadow lines in the tower’s façade.
"Slender forms of glass rise majestically over the Parramatta River and integrate with the river foreshore and the rejuvenated public spaces."
Akin to the world’s most luxurious hotels, The Lennox’s lobby can be accessed via entry ways from Church Street (via the boardwalk), Oyster Lane, Marsden Street and Phillip Street. The lobby interiors will pay homage to the riverside location and Parramatta’s history, featuring soaring ceilings, picturesque views to the river and strong, bold textures including sandstone and river rocks.
Residents will benefit from a five-star hotel-like lifestyle including a 24-hour concierge, and a state-of-the-art German-designed automated parking system.
The 1,200 square metre residents-only space on level three features Watermark, a 20 metre indoor pool with indoor-outdoor terrace and incredible riverfront views, a gym opening out onto a Zen garden with separate wellbeing space, The Terrace with lush green spaces, barbecues and a sculptural garden, and The Lounge, offering multiple flexible areas which can be opened into one spacious function room or used individually, extending entertainment spaces for residents.
Life at The Lennox will be walkable with shops, parks, schools and a new university campus just moments away. Across the river, the RiverCat Ferry will take residents to Sydney’s CBD. The Parramatta Train Station is a 10 minute walk, providing access to the CBD in 30 minutes, and the newly announced Parramatta Light Rail will pass through Church Street. Major arterials are easily accessible and the new Parramatta light rail project will enhance connectivity within the area.
Archaeology works have been completed, and construction of The Lennox has commenced and is due for completion in early 2021.