Real estate giant Mirvac has submitted an application to the City of Sydney for a family of four towers to be constructed as part of Australia’s largest urban redevelopment project, Green Square.
The move is a joint venture deal with Landcom, the NSW government’s land and property development organisation, that will see the partnership deliver the 77-93 Portman Street project.
The $240 million mixed-use development, known as GS15, is located on the edge of Zetland’s heritage precinct and will range from seven to 22-storeys with added retail and commercial facilities.
Mirvac head of residential Stuart Penklis told The Urban Developer that the proposal on site 15 is in the third stage in Mirvac and Landcom’s Green Square Town Centre development.
“Comprising four distinctive and diverse buildings, the proposal features 354 apartments ranging from terrace style dwellings, park view apartments, and high-rise penthouses.”
“All are located above a ground floor that will comprise bespoke retail offerings and continue the growth of a thriving new retail precinct and service the needs of the community,” Penklis said.
The architecture firms responsible for the GS15 design proposal, CO-AP and Smart Design Studio, describe the towers as “diverse but related with one integrated design approach”.
The first and fourth building will reach 22-storeys and seven-storeys respectively.
The second and third buildings will include green roofs. The second tower, “building B”, will reach 12-storeys and the third tower, “building C”, 13-storeys.
Plans show construction of an amphitheatre and an active new laneway connecting Zetland Avenue and Portman Street.
“The architectural design for GS15 responds carefully to the current and future site context, mediating between the fine grain terrace housing to the north and the higher density apartment buildings to come,” the architecture report said.
Related reading: Sydney’s Green Square Community and Cultural Precinct Now Complete
Publicised as Australia’s largest urban redevelopment project, Green Square spans 278 hectares or urban renewal area forming a $13 billion urban renewal construction project.
The project, which will receive $540 million in contribution from the City over the next 10 years, is expected to be home to 61,000 people by 2030.
Developer Crown Group proposed a $41.3 million, eight-storey residential building within Sydney’s Green Square renewal precinct in March this year.
Other components of the major renewal project include the recently launched $32 million Green Square community and cultural precinct, built on the site of the former south Sydney hospital site.
The development also includes the under-construction Gunyama Park Aquatic and Recreation Centre.
When fully-developed, Green Square will accommodate close to 61,000 people living in 30,500 new homes and provide around 21,000 permanent jobs.