Crown Group takes out Urban Taskforce award for mixed use Precinct The Grand Eastlakes
Crown Group has been announced the winner of the Urban Taskforce Australia 2022 Development Excellence Awards in the Mixed-Use Development category for its $1 billion master-planned project, The Grand Eastlakes, creating “the new east”.
Completed in January at the start of the year, Stage One of the development comprises 133 apartments, complete with a rooftop entertaining area and swimming pool, as well as a ground floor shopping centre which is home to 15 retailers, anchored by a large-format Aldi Supermarket, Woolworths Metro, Australia Post and a variety of speciality stores and services.
Chair of the Urban Taskforce Judging Panel, Chris Johnson said The Grand Eastlakes by Crown Group represented an exemplar project in mixed use developments and urban renewal.
“It will significantly revitalise this previously overlooked area of Sydney and create immeasurable benefits for the local community, allowing it to better meet the needs of the future forecast population growth,” he added.
The entire purpose of The Grand Eastlakes was to breathe new life into an area of Sydney that has largely been missed in the development booms of the east in the past 10 years said Crown Group Chairman and Group CEO Iwan Sunito.
The project comprised a grand vision designed to embrace and enhance the already vibrant Eastlake’s culture he added.
“Once the entire precinct is complete, it will deliver new public realms for shopping, dining and lifestyle experiences. These will include a rejuvenated parkland adjoining and open-air dining strip, community services such as a medical centre and childcare centre and is positioned to become the new town centre for the area. The new east will be a destination for every convenience, enjoyment and celebration.”
“Crown Group are in constant consultation with the surrounding community as to what their requirements are and attempt to ensure the retail element answers those needs, now and into the future.
“Crown Group’s investment into the area has seen once stagnant unit sales and prices in the surrounding areas steadily rise over the last six months, and interest in the area from investors has increased significantly also.”
Developed on both sides of Evans Avenue in the heart of Eastlakes, the dual-staged master-planned urban renewal project comprises 490 apartments designed by acclaimed architecture practice, FJMT, with two retail precincts on both sides of the project.
Stage Two, located on the south side of Evans Ave, is set to commence construction later in the year, consisting of 357 apartments positioned above a sprawling 13,000 sqm three storey ultra-modern shopping centre, designed by Buchan Group, featuring 80 high-end and convenient retail outlets including a full line Woolworths and a contemporary, community town centre including a medical centre and public library.
A new eat street will also offer an array of restaurant and dining options, alongside apartments set across five high-rise buildings.
