Deicorp's 2024 Sydney apartment development pipeline bolstered with 1200 apartments approved
Prominent Sydney developer Deicorp has secured approval at three of its most significant landholdings in Melrose Park, Parramatta and Crows Nest.
The three projects, expected to launch this year, will contribute over 1,200 apartments to the undersupplied Sydney apartment market.
The Melrose Park precinct, a $700 million joint venture with PAYCE, will be the largest project Deicorp handle. It is set to include six Turner Studio-designed buildings ranging from six to 24 storeys.
They'll in essence be creating a new town centre, with the near 500 apartments sitting atop a five-storey commercial podium, spanning 30,000 sqm and accommodating offices, retail spaces and medical and childcare facilities.
The majority of the apartments are two-beds (70 per cent) while there will be around 25 per cent of one-bedders and under 10 per cent three-bedroom apartments.
The development will also offer 1412 commercial and residential parking spaces and will be executed in two stages.
Plans for Melrose Park were submitted to the City of Parramatta in September 2022, marking the beginning of the transformation of the industrial 55-hectare area into a high-density mixed-use and residential precinct.
Read more: Deicorp and PAYCE's Melrose Town Centre plans revealed
The Cosmopolitan project, the second approved project for Deicorp, involves the construction of a 46-level twin tower at 34 Hassall Street, Parramatta.
Pitched to cater for Parramatta's growing population, 600 apartments will be constructed across the two towers, as well as shops and workplaces.
Another designed by Turner, the entire structure of Cosmopolitan is inspired by nature, offering a park-like experience for residents and visitors.
The apartment's design follows this theme, providing district views of nearby points of interest, such as the river and parkland, inviting the surrounding nature into each home.
The project includes a raised podium on levels one, two and three dubbed as Gully Forest, with the feature landscape sanctuary set to be embellished with a range of lush greenery, in addition to a series of smaller breakout and seating spaces which have also been included, along with a feature outdoor kitchen and a series of garden pavilions.
An open-air community space offering barbecue facilities and smaller group gathering areas will also be located on the level two podium.
The third is a 16-level development in Crows Nest, which has just secured gazettal approval.
The tower, which has been frequently reduced in size to meet planning controls, is spread across three sites fronting Pacific Highway, Falcon Street and Alexander Street, also known as the Five Ways Triangle site, near the upcoming Crows Nest Station which will be connected to the Sydney Metro.
Deicorp will now file plans for the 16-level building with 129 apartments after secured the initial approval to develop. The 13 residential levels will sit above a three-level commercial podium and 247 basement parking spaces.
There is a fourth project part of Deicorp's extensive portfolio, a 212-apartment project in Rhodes designed by Fender Katsalidis.