Developer Toga and joint venture partner, the Sydney family-run Danias Group, will kick off construction on 272 apartments across five buildings in Marrickville’s Victoria Road Precinct in August.
The duo won approval for Wicks Place, estimated to cost $129 million, at 182-198 Victoria Road and 28-30 Faversham Street, south-west of Sydney's CBD.
Set to be the first residential project in the creative arts hub and the plans included a 2,500sq m public precinct on the ground floor with a mix of retail and commercial spaces connecting to Wicks Park.
Less than 500m away, Danias are working on Timberyards, a commercial office development on a space once used to store surplus stock for their nearby timber yard.
Danias was behind the planning proposal to rezone the 36 hectare Victoria Road Precinct from an industrial zone to a residential zone with 1100 dwellings, mixed-use, commercial and industrial zoning.
Danias Holdings chief executive Angelo Angelopoulos said they had been working for many years to carefully plan and deliver a vibrant, mixed-use community and this approval brought their vision a step closer to being realised.
“The Danias family has a long and deep connection with Marrickville,” Angelopoulos said.
“Elements such as the recently launched Timberyards project will ensure that there are accessible and affordable spaces for artists and entrepreneurs, all fostering the future success of the area.”
Other upcoming projects for Danias in the area included Faversham Street a 8,000sq m flexible business hub development close to the new metro train station at Sydenham.
Toga chief executive Fabrizio Perilli said they expected Wicks Place to be completed by late 2022.
“Marrickville has become a unique and desirable destination for Sydney, and it will arguably become Sydney’s coolest metro suburb,” Perilli said.
“Wicks Place, alongside the wider Victoria Road Precinct, will create a vibrant new community and residential offering for the area as it continues to evolve.”