First look exclusive: ALAND take over second Toplace site, plot two 30-level apartment towers
Leading Australian development and construction group ALAND has taken over another development site from Jean Nassif's disgraced Toplace.
A few weeks after announcing it would be developing the final three towers in Toplace's five-tower Castle Hill development Skyview, Andrew Hrsto's ALAND has swooped on 189 Macquarie Street in the heart of Parramatta.
The $100 million deal for the 5,213 sqm site is ALAND's largest individual property acquisition since the company was founded in 2002.
Plans had been for two 54 and 41-level towers, however ALAND is now scaling back those plans, instead opting for two 30-level towers with 425 apartments, 1,550 sqm of communal open space, 317 sqm of retail floor space, and 715 public and 389 resident parking spaces
ALAND Founder and Owner Andrew Hrsto says the acquisition of the Macquarie Street site further demonstrates ALAND’s commitment to delivering properties of exceptional quality at an affordable price to the people of Greater Western Sydney.
“ALAND has a strong focus on only delivering precisely what the local community needs, and we continue to invest heavily in Parramatta – in line with the state government’s commitment to employment, lifestyle and amenity in the area,” Hrsto said.
“We’ve had a long and proud relationship with this community. Not only have we been the major sponsor of the Parramatta Eels for many years, but we will soon be moving our company headquarters into the new ALAND building in Parramatta CBD.”
Hrsto says that a design masterplan for 189 Macquarie Street, Parramatta, will be developed over the coming months.
Aligned with ALAND's development ethos, the local community will be kept informed at all times.
189 Macquarie St is just 250 metres away from ALAND's recently completed Paramount on Parkes building.
Read more: ALAND opens Paramount on Parkes, Parramatta's new landmark apartment development
