Mirvac has begun demolition works prior to the commencement of construction at Pavilions, where the first residents of the new Sydney Olympic Park Central Precinct will take up residence in 2020.
The demolition paves the way for the four Pavilions towers that will accommodate approximately 700 apartments and terrace homes at the gateway to the new town centre.
Pavilions is forecast to be completed by early 2020 with around 750 construction jobs over the life of the project.
Prior to demolition Mirvac undertook a delicate six-month operation to transplant a 60-year-old Moreton Bay fig weighing 170 tonnes with a massive 24 metre canopy spread.
The site works begin as Mirvac also announced a September 9 sales launch for the second building at Pavilions, Verde, a collection of just 64 apartments and five terraces homes, where one third of apartments will be reserved for first home buyers. Over 80 per cent of apartments released in the first building are currently sold.
Apartments at Verde start from $595,000 with all one bedrooms priced to qualify for full stamp duty exemption and over a dozen attracting the government’s $10,000 New Home grant.
Mirvac’s Head of Residential, Stuart Penklis, said the beginning of site works took the Sydney Olympic Park Town Centre vision one step closer to reality.
“The NSW Government has identified Sydney Olympic Park as a priority growth area and critical to its plans to provide jobs, homes and recreation in the Sydney to Parramatta corridor,” said Mr Penklis.
“There is a $10 billion pipeline of government infrastructure coming to this area that will transform the entire Olympic precinct.
“With the beginning of work on Pavilions it won’t be long now before the perception of Sydney Olympic Park will change from a place to see a game of sport or a favourite band to a place that people call home; an exciting place to live, work and play.”
The 12-level Verde building to be launched Saturday, 9 September, will comprise one, two and three bedroom apartments from $595,000. Two and three bedroom split level terraces from $1.39 million with their own street entry have been designed with the family buyer in mind. This housing type was introduced at Mirvac’s Harold Park development and has proven popular with family buyers and down-sizers wanting all the comforts of a house without the high maintenance.
Residents’ facilities at Pavilions will include a retail space, community room, gymnasium, interpretive play area for children and a series of landscaped spaces, forming a tapestry of intimate outdoor areas. The 4,000 square metre central courtyard provides space for social gatherings, entertaining, quiet relaxation and more active pursuits.
Residents have access to 430 hectares of parkland and sporting fields, with additional parks and schools proposed in the Sydney Olympic Park 2030 Masterplan. The existing retail and office space is expected to expand to provide for 34,000 new jobs with 10,700 new homes proposed.