Macquarie Park's transformation takes a Meriton step forward
Macquarie Park's blossoming urban renewal has received a further boost with developer Meriton setting in motion the approvals sequence for their Talavera Road site.
The suburb's role as a tertiary, commercial and innovation hub is further being boosted by an influx of apartment developments. Latest to reach City of Ryde for consideration is the first stage of Meriton's 112 Talavera Road apartment development.
Previously with Goodman Group, the low-rise site which now contains commercial and industrial space was secured by Meriton who promptly went about applying to rezone the site in order to allow for four residential towers. The tallest of these would reach 200 metres and is subject to a future design excellence competition.
The rezoning allows for buildings of 27, 30, 45 and 60 storeys incorporating over 1,200 apartments.
With rezoning in the pocket, Merithasave applied for approval over the westernmost part of the site, with the balance subject to future development applications.
DKO Architecture have been utilised for the initial design, creating a 27 storey residential tower incorporating some 221 apartments. The tower's pseudo podium introduces a more intimate built form by way of a smaller 7 storey building that will front both a new pedestrian link and a common green area.
A childcare centre, pool and gym are situated atop the smaller building whilst the tower hosts an enclosed rooftop terrace for use by residents.
The apartment split sees 46 single, 141 double and 34 triple bedroom apartments. Limited retail spaces are also included at ground level.
Macquarie Park's established mixed-use nature has been instrumental in attracting a string of big name developers to the area, cashing in on demand for apartment living. Stamoulis Property Group, Romeciti, Golden Age Group, Greenland Australia, COLI Australia, VIMG and JQZ have active apartment projects within Macquarie Park.
Hyecorp is the latest developer to launch a project, taking 9 Peach Tree Road to sales. Dubbed Monika, the project will include 116 apartments within a 14 storey building.
Urban.com.au is tracking 3,965 apartments within Macquarie Park. The large size of many development sites and multiple buildings within the respective developments is seeing a very high average apartment number of 440 across 9 separate developments.