PAYCE pushes for more apartments in Melrose Park
Sydney-based developer PAYCE Consolidated is pushing to realiase a greater number of apartments within their expansive Melrose Park renewal project.
City of Parramatta has released planning details on PAYCE Consolidated's second stage of the Melrose Park development which the developer describes as "the new Australian dream, a welcoming neighbourhood with a sense of place."
Amended plans submitted call for 27 apartments to be added to the already approved concept plan, 42 additional car parking spaces and an augmented building form. The second stage is expected to cost in excess of $76 million to build.
The sprawling site is addressed 657-661 Victoria Road and 4-6 Wharf Road. It fell under the control of PAYCE Consolidated and project partner Sekisui House Australia during 2016, when a $160 million transaction for the 4.5 hectare site was executed with fellow developer Aqualand.
The revised Stage 2 plans which landed at planning during June see Allen Jack+Cottier Architects charged with the project's design. A U-shaped building on an island site within the larger development will accommodate 234 apartments.
The living mix sees 20 studio, 71 single, 130 double and 13 triple bedroom apartments in play.
A large communal open space is central to the apartment block, as are rooftop terraces which account for approximately a third of all roof space. 3 basement levels are expected to accommodate 281 car parking spaces.
The former Aqualand site has been segregated into superlot development plots, with Stage 2 noted as being superlot AD. It is set back from Victoria Road and Wharf Road, with another stage dubbed superlot AC to straddle both major frontages.
The rejigging of stage 2 is but one portion of the overall Melrose Park precinct controlled by PAYCE Consolidated; it stands to become one of Australia's larger stand-alone urban renewal developments, spanning approximately 30 hectares.
The targeted apartment output for the project sits at approximately 5,000, with 1,500 new jobs also expected. Additionally, a host of communal inclusions are expected within Melrose Park, such as public parks, an amphitheatre and a childcare centre.
Marketing for the initial stage of the precinct has begun in earnest, with Melrose Park's development timeline stretched out to beyond a decade.
