Thornton Central, the apartment and retail precinct at Thornton, North Penrith has been fast-tracked following stronger-than-expected sales of the Stage One apartment buildings.
The $62 million apartment and retail precinct development is a joint venture development between
St Hilliers, a private construction and property company, and retail/commercial developers,
Stage One of Thornton Central, designed by award-winning firm
DKO Architecture, included 151 apartments spread over four buildings with one, two and three bedroom configurations. Prices started from $295,000 and range upwards to $545,000.
St Hilliers' executive chairman Tim Casey said, "We're thrilled with the response from buyers at Thornton Central and look forward to commencing construction shortly, with our development approvals now in place.
"There is increasing demand for quality developments throughout Penrith and surrounding areas, with exceptional support from the local market," he said.
"UrbanGrowth NSW has expressed strong support for our Stage Two concept designs and we urge prospective buyers to register their interest quickly.
"Residential apartment living in Penrith's city centre is unprecedented; but we believe the market is ready for this type of housing product and amenity, in this location."First Point Project's Joint CEO, Mark Hovey, said the key attraction of Thornton Central is its prime location. It is adjacent to the Penrith Train Station and the North Penrith commuter car-park; and has a high level of retail, commercial and public amenity.
"Thornton Central's residential apartments have been carefully master-planned to integrate beautiful landscaped areas with cafes, restaurants, a gymnasium, a full line supermarket, a hotel and other commercial spaces," Mr Hovey said.
"Thornton Central is set to be the cornerstone of Penrith's CBD expansion and revitalisation.
“It offers a vibrant urban lifestyle, with residents only metres away from the seventh largest Westfield in NSW and Penrith’s CBD.”
As a result of the success of Stage One, Stage Two residential apartment pre-sales are expected to commence in mid 2015.