Princeton announces commencement of Blakehurst and Botany apartment projects worth $73 million
Sydney-based investment company, Princeton, has kicked off construction on two Sydney residential projects, one in Botany and the other in Blakehurst, worth a combined value of $73 million.
The Botany project, located on 1-5 Rancom Street and 1637-1647 Botany Road, will see 36 apartments built, along with five retail spaces, with an end value of $38 million.
Render of the proposed development at 1637-1647 Botany Rd, Botany. Image supplied.
The suburb has grown in popularity due to the rising number of parks and cafes, delivering the vibrancy of city living in the heart of a small village.
The $35 million Blakehurst projects is located at 6-8 Vaughan Street, with plans for 32 apartments to be built across the space.
Render of the proposed development at 6-8 Vaughan St, Blakehurst. Image supplied.
Princeton founders George Gadallah and Craig Anderson said they are looking forward to expanding their footprint in Sydney’s growing South.
“The commencement of the Botany and Blakehurst projects mark an exciting new chapter for Princeton in Sydney’s South,” said Gadallah.
“We are proud to lead the charge during this period of growth in the region and look forward to bringing new world-class apartment living to the community,” he added.
Render of the proposed development at 6-8 Vaughan St, Blakehurst. Image supplied.
Construction on both projects is expected to be completed by the end of 2023.
The Botany and Blakehurst developments join an already strong portfolio from Princeton, including the recently completed Villawood residential project, One Place as well as the luxury living, Eurangi, which commenced construction late last year.
