Leichhardt residential development site at former Kolotex Glo factory on the market
A development site at a former hosiery factory in Sydney’s inner west is now for sale.
The 10,130 square metres Leichhardt plot, located eight kilometres west of Sydney’s CBD, was once home to Kolotex Glo. The company was acquired by Pacific Brands in 2003, which shut the Leichhardt factory and warehouse down soon after.
The site has been rezoned from industrial to B4 mixed use and R3 medium density residential, with a site specific Development Contribution Plan allowing five buildings between three and eight storeys and a total of 21,780 square metres of building area, including 1,400 square metres of mixed use space.
The indicative architectural scheme for the site includes 244 apartments, with 1,126 square metres of mixed-use space, with three street frontages.
Leichhardt residents voiced their opposition the rezoning last year, claiming that the suburb did not have the infrastructure and amenity to support a residential development. There were also concerns that a development of that size would change the demographic makeup of the suburb.
In August last year, NSW Department of Planning and Infrastructure deputy director general Stephen McIntyre said that the development would provide hundreds of new jobs. He also noted that new residents would be served well by local public transport options, including buses along Parramatta Road, the Lewisham railway station and the new Taverners Hill light rail station, set to open later this year.
The decision to rezone the Kolotex Glo site, along with the nearby former Labelcraft site at 30-40 George Street, was made late last year. Prior to the rezoning decision, Save Our Suburbs Leichhardt published claims that existing residences would be overshadowed by any new developments, while a residential complex would worsen the suburb’s shortage of on-street parking.
The George Street sale is being handled by Guillame Volz and Ryan Bennetts of Colliers International, with Charter Keck Cramer serving as transaction advisors. Expressions of interest for the property close Wednesday March 12 at 3pm.