Mirvac and Landcom have received development approval for 316 apartments across four new buildings as part of the next stage of the Green Square Town Centre in Sydney’s inner east.
Along with more than 300 apartments, the next stage will deliver seven luxury terrace homes, ground floor retail and new pedestrian connections, across the four structures designed by Smart Design Studio and CO-AP.
Green Square, publicised as one of Sydney’s largest urban regeneration projects, spans the suburbs of Alexandria, Zetland, Waterloo, Rosebery and Beaconsfield.
The project, with $13 billion worth of urban renewal construction, is a collaboration between the New South Wales government’s property development arm Landcom, City of Sydney and ASX- listed Mirvac.
The newly-approved four buildings comprise the 23-storey, 152-apartment "Building A", the 13-storey, 119-apartment "Building B" and the 13-storey, 45-unit "Building C".
Building C will offer ground floor retail and a green wall, while the fourth "Building D" will comprise seven townhouses on Portman Street.
“We are thrilled to secure development approval for the next stage of the Green Square Town Centre,” Mirvac chief executive Susan Lloyd-Hurwitz said.
“Together with the public amenity being delivered by the City of Sydney, Green Square Town Centre is becoming a vibrant destination.”
Other developers in the precinct include Bridgehill, building on several sites in the Green Square precinct including 105–115 Portman Street.
Not-for-profit City West Housing has 104 affordable apartments at 130 Portman Street, and Iwan Sunito’s Crown Group with its Infinity building at 301-303 Botany Road.
A new public park, named the Drying Green in celebration of the precinct’s industrial past, is expected to be delivered in 2021.
The latest four tower approval will link the recently completed OVO and Ebsworth buildings with the City of Sydney’s projects, including the $32 million cultural precinct, aquatic centre and library.