ALAND to launch new St Marys apartment development, Carson on the Park
Sydney property developers, ALAND are set to launch their latest residential development, Carson on the Park in Sydney's St Marys.
The $160 million project on a one-hectare site in the heart of the St Marys town centre will bring 289 apartments to the Western Sydney suburb, a mix of one, two and three-bedroom apartments across four eight-level buildings.
Render of the proposed apartment development which will encompass sweeping district and mountain views from the upper levels. Image supplied.
ALAND CEO George Tadrosse believes that the projected growth of St Marys, combined with ALAND’s successful track record is appealing to all types of buyers.
“With the new Metro Line and the Government’s funding commitment, St Marys is on track to be the next hotspot in Western Sydney," Tadrosse says.
"We believe that Carson on the Park will be the first of many developments to come and this is the perfect opportunity to ‘get in first’ as the area starts to rapidly grow.
"We’re confident that buyers of all types will see great opportunity to get their foot on the property ladder."
One-bedroom apartments are expected to start from $470,000, and two-bedrooms from $520,000.
ALAND's research shows their units achieve a 0.5 per cent vacancy rate, with a 4.9 per cent average yield for their apartments compared with Sydney’s average yield of 4.1 per cent.
Render of a proposed apartment bedroom in Carson on the Park. Image supplied.
Sitting close by to St Marys Village Shopping Centre and the 18-hole Dunheved Golf Club, Carson on the Park is also nearby to a number of schools, shopping and medical facilities, making it a considerable choice for the owner-occupier and family market.
ALAND Head of Development, Ryan Lane described the project as an exciting addition to the area, bringing a new style of affordable luxury residential accommodation to the area.
“St Marys is one of Sydney’s oldest established suburbs but has yet to go through the kind of transformation that other nearby places like Penrith and Blacktown have experienced,” Lane said.
“There’s a high population of younger families getting their foot on the property ladder, but also limited options for older people wanting to downsize into something manageable."
ALAND acquired the site, which had sat vacant for five years, back in 2021, with plans for construction to begin by early next year.
“It’s a great site, within easy reach of the St Mary’s train station, as well as Parramatta Road and the Great Western Highway, providing good connection to key employment hubs like Penrith, Parramatta and Campbelltown,” said Lane.
Render of the proposed children's playground and green space within Carson on the Park. Image supplied
“We’re looking forward to bringing the project to the market so we can begin construction as soon as possible. This site has been a local ‘eyesore’ for some time, so it will be great to deliver these contemporary homes and bring new life to the St Mary’s community.”
Each apartment within Carson on the Park is set to adjoin to a spacious, private balcony or courtyard, with further communal outdoor space provided within the development, complete with barbecue areas and a children’s playground.
St Mary’s is one of the major beneficiaries of more than $19 billion worth of NSW Government infrastructure investment, with projects such as the construction of the Metro Western Sydney Airport Line and the development of a new commuter car park improving the connection to the broader Western Sydney region.
The Western Sydney International Airport is also due for completion in 2026 which will create thousands of new employment opportunities in the area during and post construction, making St Marys a desirable place to live and work, added Lane.