Stage 2 DA lodged for Channel Nine's Willoughby headquarters

Stage 2 DA lodged for Channel Nine's Willoughby headquarters
Stage 2 DA lodged for Channel Nine's Willoughby headquarters

Joint venture, LEPC9, has lodged its first development application within its master plan-approved site, currently the Nine Network’s headquarters in Willoughby on Sydney’s lower north shore.

The DA includes provision for 40 apartments and associated parking as well as the creation of a public piazza at the corner of Scott Street and Artarmon Road. 

It is being designed by architects of CHROFI, and the development is being offered to market.

The site received concept approval earlier this year in January 2019 for 460 apartments across ten mid-rise buildings; public piazzas and an extensive publicly accessible open green space.

The DA submission by LEPC9 is the next stage of the approval process while negotiations progress with a number of parties from the expressions of interest process. 

It is projected that construction will commence in 2021.

In the erstwhile Channel Nine will continue to lease the site until a later point next year. 

Colliers International National Director, Development Sites, Residential, Guillaume Volz said despite contrary speculation in the media, demand for the site has intensified and negotiations are continuing with parties on the site well over $220 million. 

“It is a complex project/site and this has resulted in protracted negotiations as parties continue to develop their understanding of this significant trophy site,"

“Market drivers such as the further interest rate cut to 1 per cent by RBA as well as signs of the Sydney market recovering and gearing up for the next cycle, have contributed to the continued strong interest in the site,”Mr Volz concluded.

Tags: 
Joint Venture Willoughby

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