Property tycoon and Australia's "richest person" Harry Triguboff's Meriton company has unveiled a further round of plans for its colossal 14-building mixed-use development at the former Dexus Property Group site in Rosebery, Sydney.
The development application has slated plans for an integrated development with two residential flat buildings, with a height of 6 to 7 storeys with 187 residential units, plus basement level for 200 parking spaces at 5-13 Rosebery Avenue and 25-55 Rothschild Avenue.
The nearly eight-hectare site, which Meriton purchased from Dexus for $190 million in 2014 is its most expensive site purchase in the company's history.
The two buildings - the first rollout of several - will also have 487 square metres of retail space and two basement levels with 200 car spaces.
Developmental documents said apartments will range from one-bedroom units to three-bedroom terraces.
The proposal also includes a two-metre footpath widening along the entire frontage of Rosebery Avenue.
In December last year, Meriton lodged plans for phases one and three of the site for six residential flat buildings with heights of five to seven storeys and comprising 466 residential units as well as three buildings each containing five multi-dwelling housing units, and two childcare centres, according to The Australian Financial Review.
The project will be released across four stages consisting of apartments, child care centres and retail spaces, costing around $263 million in total.
The site currently comprises commercial and light industrial buildings and a 10-storey office building.
According to The AFR, the development will be close to the future light rail line running along the length of the project on Rosebery Avenue.
Aside from Meriton, Mirvac and Crown Group are the other major developers in the area, consisting of Rosebery, Waterloo, Alexandria, Zetland and Beaconsfield, according to The AFR.
Meriton's initial application for 900 units was lodged in January.
This year Meriton launched a Chinese website which according to Meriton boss, Harry Triguboff, said is a crucial step in streamlining the process when searching for and purchasing property.
“You don’t want to battle with language barriers when you are looking to buy property,” Meriton managing director, Harry Triguboff said.
“There are more Chinese coming into the country every day and they are looking for somewhere to buy either to live or as an investment. “The familiarity of their own language while viewing property should make their task easier,” he said.
