Scion breaks ground on Chatham, West Ryde's first new apartment development backed by Resilience Latent Defects Insurance
Builder-developer Scion Group has officially broken ground on its new development that will reinvigorate an underutilized block of land just off Station Street.
Scion held a groundbreaking ceremony to mark the occasion which was attended by industry partners.
The development, Chatham, at 2-6 Chatham Road, will feature 62 apartments across a six-level building designed by MX Architects. The building will activate the street level with four retail spaces that will complement the wider local area.
There will be around 860 sqm of communal open space for residents, across the ground floor and rooftop, which will include terrace decking, seating, and barbecue facilities.
The site, formerly home to a service station, carwash, and mechanical workshop, underwent extensive remediation before construction. Scion acquired the land in 2021 for $14.1 million, securing a position with frontages to Chatham Road, Dickson Avenue, and Dickson Lane.
Chatham is the first new apartment development in West Ryde with the new 10-year Latent Defects Insurance offered by Resilience Insurance.
The insurance, which is taken out by the developer, protects apartment owners for any structural or waterproofing issues that may occur within the first 10 years of the building's completion.
Read more: What is Latent Defects Insurance and is it bringing confidence to the off the plan apartment market?
It is the second project where Scion, a family-run builder-developer with over three decades of experience, has been able to give LDI to its residents.
They're soon to complete The Sterling in Lane Cove North, the first development in that area to have LDI.
Chatham is expected to complete in 2026.
