Coronation Property plan over 1,000 apartments at newly acquired Park Sydney, Erskineville site
Sydney developer Coronation Property is continuing to bulk up its residential apartment pipeline.
Following its $200 million Chatswood apartment site purchase, the developer has secured a 50,000 sqm site as part of the future stages of the Park Sydney project, currently being developed by Greenland Golden Horse.
Coronation will bring over 1,000 apartments to the sites at 56 Ashmore Street and 165-175 Mitchell Road in Erskineville, with a mix of build-to-rent and build-to-sell apartments, as well as 5,000 sqm of retail.
The site is one of the last and largest unencumbered freehold parcels of land in the City of Sydney, and is located just four kilometres from the Sydney CBD.
Coronation intends to progress site plans with the City of Sydney imminently which will include a supermarket, as well as a highly curated selection of specialty boutique stores, cafés, restaurants, green spaces, and pedestrian pathways.
Having recently purchased a mixed-use residential site in Chatswood, the acquisition of Erskineville further solidifies Coronation’s robust development pipeline and strategic focus to increase its residential footprint within a 10km radius of Sydney’s CBD.
Coronation Project Managing Director Joseph Nahas said the acquisition of the Erskineville site aligns with Coronation’s strategy to secure well-located sites in established and high-performing markets.
“As a company, we are dedicated to transformative placemaking and delivering aspirational developments that serve both residents and the wider community through elevated design and well curated spaces. We look forward to bringing a fresh perspective and our innovative take on urban renewal to Erskineville,” Nahas said.
“We are excited to add to the existing fabric of this vibrant and leafy village. We believe strongly in the power of landscape as a neighbourhood connecter, and we intend to embrace and incorporate the areas’ natural surrounds into the development.
“The former industrial site is in an incredible location on the fringe of the rapidly transforming precincts of Alexandria and Waterloo, and is also close to Sydney Park, which is one of the city’s most loved green spaces.
"We expect that our focus on delivering quality design, and premium amenity at Erskineville, along with its prime location, proximity to Sydney CBD, parks and other key infrastructure, will elevate the living experience of our residents.”