First opportunity to buy Melrose Central apartments in Melrose Park
Joint venture partners Deicorp and PAYCE have launched the first collection of apartments in their $700 million Melrose Park development.
Melrose Central will form part of the 30 hectare Melrose Park North Urbal Renewal Project near the Parramatta River and will deliver just under 500 one, two and three-bedroom apartments starting from $650,000.
The six buildings designed by Turner Studio will sit above a five-level podium that will home a 30,000 sqm shopping centre anchored by a Coles supermarket and supported by several speciality stores, health and wellness facilities, and retail and hospitality venues.
Melrose Central has been eight years in the making. The initial planning discussions for the unused site kicked off back in 2016.
One of the biggest drawcards to Melrose Central will be how connected it is to Greater Sydney. It will have its own station as part of the Parramatta Light Rail Link which will be two stops to Wentworth Point, near its ferry terminal, six stops to Sydney Olympic Park, and nine stops to Parramatta.
The development will incorporate private communal spaces and reinforce key site links established in the masterplan, dividing the large site into smaller, walkable building footprints.
The project will feature four distinct quadrants, each with its unique colour palette, materials, and place-making elements to emphasise the identity of the corner buildings.
Stage one will see the five-level podium constructed, as well as three of the buildings. They will rise six, 15, and 24 levels, with the same heights planned for the other three buildings.
Early site works kicked off on site back in February. Deicorp is expecting Melrose Central to be complete by 2027. There will be around 6,000 apartments in the broader Melrose Park precinct.
Deicorp, founded in 1999 by Fouad Deiri, is currently building 4,400 new apartments across 11 projects in Greater Sydney.
Their recent applications have been for new precincts in Zetland and Five Dock.
