Sydney’s iconic Flour Mill at Summer Hill is set to be transformed with Watpac Limited has announced it has signed a $62 million contract with EG Funds Management (EG) and Daiwa House to build Stage 1 and 2 of the mixed use residential precinct in Sydney.
Watpac will deliver 127 apartments and townhouses across seven buildings - 109 one, two and three-bedroom apartments with 45 of these incorporated in to Summer Hill’s historic silo structures with, and adjoining, a new building, in addition to 18 three- storey terrace homes. Construction will also include landscaping and road works, services infrastructure and retail spaces.
Watpac Limited Managing Director Martin Monro said the Group was delighted to be delivering the project which would pay tribute to the flour mill silos which are a prominent feature of the inner west suburb.
“This project draws together Watpac’s strengths in the building of luxury residential complexes and our experience in the preservation and incorporation of historical structures during construction, to essentially repurpose and revitalise this site,” Mr Monro said.
“We look forward to working with EG and Daiwa House to deliver this exciting project in Summer Hill.”
With work expected to commence on site in August, Watpac Construction NSW/ACT State Manager Ric Wang said the team was looking forward to transforming the five-hectare former industrial site.
“Our team is going to be responsible for creating a new dynamic and contemporary neighbourhood within Summer Hill and where possible we will be providing opportunities for local businesses to be involved,” Mr Wang said.
“We anticipate the creation of approximately 150 construction jobs over the life of the project which is scheduled for completion in late 2016.”
With access to local transport hubs, Mr Wang said the development would strengthen the local community.
“We are excited to be playing a major role in bringing this project to life as the development will create an urban space that can be enjoyed not only by residents, but the local community.”
EG’s Development Director Grant Flannigan said that all apartments and terraces have been sold off the plan along with all of the unique silo apartments. It is pleasing to have a builder with the proven track record of Watpac involved with the project and capable of delivering the built quality that is demanded of the design.