Erskineville

Sydney developer Coronation Property is continuing to bulk up its residential apartment pipeline.

Following its $200 million Chatswood apartment site purchase, the developer has secured a 50,000 sqm site as part of the future stages of the Park Sydney project, currently being developed by Greenland Golden Horse.

Coronation will bring over 1,000 apartments to the sites at 56 Ashmore Street and 165-175 Mitchell Road in Erskineville, with&nbsp;a mix of build-to-rent and build-to-sell apartments, as well as 5,000 sqm of retail.

The site is one of the last and largest unencumbered freehold parcels of land in the City of Sydney, and is located just four kilometres from the Sydney CBD.

Coronation intends to progress site plans with the City of Sydney imminently which will include&nbsp;a supermarket, as well as a highly curated selection of specialty boutique stores, caf&eacute;s, restaurants, green spaces, and pedestrian pathways.

Having recently purchased a mixed-use residential site in Chatswood, the acquisition of Erskineville further solidifies Coronation&rsquo;s robust development pipeline and strategic focus to increase its residential footprint within a 10km radius of Sydney&rsquo;s CBD.

Coronation Project Managing Director Joseph Nahas said&nbsp;the acquisition of the Erskineville site aligns with Coronation&rsquo;s strategy to secure well-located sites in established and high-performing markets.

&ldquo;As a company, we are dedicated to transformative placemaking and delivering aspirational developments that serve both residents and the wider community through elevated design and well curated spaces. We look forward to bringing a fresh perspective and our innovative take on urban renewal to Erskineville,&rdquo;&nbsp;Nahas said.

&ldquo;We are excited to add to the existing fabric of this vibrant and leafy village. We believe strongly in the power of landscape as a neighbourhood connecter, and we intend to embrace and incorporate the areas&rsquo; natural surrounds into the development.

&ldquo;The former industrial site is in an incredible location on the fringe of the rapidly transforming precincts of Alexandria and Waterloo, and is also close to Sydney Park, which is one of the city&rsquo;s most loved green spaces.

&quot;We expect that our focus on delivering quality design, and premium amenity at Erskineville, along with its prime location, proximity to Sydney CBD, parks and other key infrastructure, will elevate the living experience of our residents.&rdquo;

The site is one of the last and largest unencumbered freehold parcels of land in the City of Sydney, and is located just four kilometres from the Sydney CBD

Joel Robinson

Coronation Property plan over 1,000 apartments at newly acquired Park Sydney, Erskineville site

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Astute property investors are recognising the potential of the City of Sydney, with its numerous amenities, leading universities and great employment opportunities.

New apartments with modern designs, developed close to the CBD, are drawing quality tenants.

Throughout the inner-city council region, each suburb boasts its own unique character and identity, from period properties, art deco to modern industrial.

Ever-strengthening infrastructure in the area includes the soon-to-be-completed Sydney Metro City and South-West, which will result in trains running every two minutes.

According to SQM Research, gross rental yields for all units currently sits at 3.5 per cent, the best performing rental type in the area.

For those who wish to capitalise on great cafés and restaurant, and good transport, the Sydney Council might be the ideal new LGA to call home.

Urban takes a look at four new apartments located within the council area, starting from $592,800.

1. Castle Residences, Sydney 
Address: 203 Castlereagh Street, Sydney NSW 2000 
One-bedroom apartments from $1,230,000

[smartcode_project:default project_id=7758]

Developed by United Development Sydney, the highly anticipated Castle Residences is set to offer 131 apartments just off Hyde Park.

The project merges high-end apartments with five-star luxury hotel services and amenities, with construction including the refurbishment of the 142-year-old heritage-listed Porter House building.

The mixed-use development is being designed by Candalepas Associates, with amenities including luxurious dining areas, private dining spaces and in-residence catering. Manhattan-style apartments overlook Australia’s oldest park and timeless sculptural alcoves and arches bring together historical and contemporary architecture.

2. The Laneways, Rosebery 
Address: 33-37 Mentmore Avenue, Rosebery NSW 2018 
One-bedroom apartments from $592,800

[smartcode_project:default project_id=24323]

The Laneways, a collection of four five-storey apartment buildings is Rosebery’s “exciting new address.”

Delivered by Ellerson Property, the project will offer private balconies, green courtyards and a rooftop terrace to socialise with friends and neighbours while enjoying the panoramic city vistas.

Located in one of Sydney’s coolest neighbourhoods, homebuyers will appreciate the project’s entertainers’ kitchen, floor-to-ceiling windows and soft-close cabinetry.

3. Park Sydney, Erskineville 
Address: 149-163 Mitchell Road, Erskineville NSW 2043 
Two-bedroom apartments from $1,159,000

[smartcode_project:default project_id=5811]

As the most significant new development in Sydney, Park Sydney is an exciting opportunity for investors and will create a new local for Erskineville.

Delivered by GH Australia, the project is set over 6.9-hectares, centred around a 7,400sqm park.

The project’s first buildings are named after two of Australia’s national parks, Botany and Cascade, and are designed by WMK Architecture.

Spread across nine buildings, ranging between two and eight stories, the apartments will deliver spacious and light-filled residences.

The precinct will include barbeque facilities, amphitheatres, walkways and cycleways into the city.

4. Eminence, Zetland 
Address: 811 Elizabeth Street, Zetland NSW 2017 
One-bedroom apartments from $745,000

[smartcode_project:default project_id=21882]

Offering a remarkable boutique trio of buildings, Mirvac’s 254-apartment Eminence project commands four street frontages between Green Square and the CBD.

The development offers onsite retail, 1,840 sqm of lush podium gardens and a 75-place childcare centre.

Designed by DKO Architecture, the property showcases high-quality finishes and fixtures, and carefully curated residences.

Some apartments include their own private rooftop terraces and others with uninterrupted CBD and Botany Bay views.

The adjacent Gunyama Park Aquatic and Recreation Centre includes beach-inspired pools, open-air training facilities and playgrounds.
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New apartments with modern designs, developed close to the CBD, are drawing quality tenants

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Four new apartments in the City of Sydney from $592,800 

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90 per cent of stage one sell-out at newly completed Erskineville’s Park Sydney as residents move in.
Stage one of the joint venture by Greenland Australia and GH Australia launched last week with the developers confirming that over 297 residences in the 330-apartment project have sold to date.
A limited mix of apartments remain available in Botany and Cascade, two eight-storey buildings at on the corner of Mitchell Road and Ashmore Street.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/NOV/23/Park%20Sydney%204.jpg" alt="">
Designed by WMK Architecture and Alexander &amp; CO, residences in Botany and Cascade offer large sliding doors, natural timber finishes and high ceilings.
The timber composite panels express verticality, the project’s marketing reads, with angled feature balconies and concrete slabs offering exteriors with a strong sense of character.
Upon completion of the project’s additional stages, Park Sydney is expected to comprise approximately 1,400 apartments.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/NOV/23/Park%202.jpg" alt="">
Park Sydney is one of Sydney’s largest urban renewal projects, with stage one including the development of 5,000sqm of retail, including 1,600sqm Woolworths Metro, plus future food, beverage and lifestyle retail.
“Park Sydney’s first stage is an indicator of what is to come for this new community, which will revitalise this part of Erskineville and eventually provide homes for nearly 3,000 people”, said Greenland’s managing director, Sherwood Luo.
Once the project’s future stages have been completed, Park Sydney will offer 10,000sqm of retail amenities.
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j.ballantyne1990-6AQqhLzZaK

90 per cent of stage one sold at the newly completed Erskineville’s Park Sydney

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The controversial apartments in the Erskineville developer Sugarcube have nearly sold out.

The <a href="https://www.urban.com.au/new-apartments/sugarcube-corner-of-metters-street-and-pearl-street-erskinville?utm_source=PropertyObserver">$46.5 million project on the corner of Metters and Pearl Street</a> came under controversy in 2018 following a dispute between the City of Sydney and the developers that locked owners from their apartments. 

Despite completed construction, the City of Sydney was refusing to allow owners to move into their new homes over concerns that the land below the tower was contaminated.

This September, the council approved a modification application that allowed residents to occupy the site in stages, with stage one for apartments. 

[smartcode_project:default project_id=21882]

The modification includes adopting environmental management plans for the apartments and the surrounding road areas, according to the City of Sydney’s website. 

Golden Rain says they have completed 30 projects across Asia, but Sugarcube remains its only Sydney project. 

Set in the old Ashmore industrial precinct at 1 Metters Street, the residence offers a collection of 109 one and two bedroom apartments. 

Designed by DKO architects, Sugarcube offers open-plan living, city views and a landscaped rooftop garden. 

Pricing for the residences begin at $689,000. 
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jrobinson-rf4aSBido9

Controversial Sugarcube Aparments in Erskineville near sell out

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Greenland Australia have confirmed Woolworths Metro will be the anchor tenant in Stage 1 of mixed-use residential development Park Sydney in the inner-west suburb of Erskineville. 
Woolworths Metro will form part of the Stage 1 retail centre, which will occupy the ground level of Park Sydney’s Cascade building, due for completion in mid to late-2020.
The retail centre will also feature a childcare facility plus food, beverage and lifestyle retail, with about 70 basement parking spaces.
Greenland Australia’s Managing Director, Sherwood Luo, said the Woolworths Metro is ideal for delivering the vibrant retail mix required for Park Sydney. 
“Park Sydney will be a unique integrated community with Stage 1 including 330 apartments and the Woolworths Metro that will cater perfectly to its residents and those in the surrounding area,” he explained.  
Park Sydney Village will offer in the order of 10,000 square metres of retail amenity.
It includes a 4,000 square metre full-range supermarket as part of a future stage, 1,000 square metres of specialty shops, multiple lifestyle and food, beverage and dining experiences, with Stage 1 including 1,650 square metres of convenience retail, as well as a childcare and medical centre.  
The site will also offer secure underground customer parking in both Stage 1 and 2.
There will be an alfresco outdoor dining space overlooking the adjacent 7,450 square metre parkland. 
Greenland Golden Horse is also looking forward to announcing the operator of the childcare centre within Stage 1 soon.
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Park Sydney development in Erskineville announces anchor tenant Woolworths Metro

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The would-be residents of Sugarcane and Honeycomb, the uninhabitable Erskineville residential complexes built on possibly toxic land, likely face more months of being unable to access their dwellings.
The City of Sydney Council has concerns about the Chinese-backed developer, Golden Rain Development not meeting the required remediation conditions.
Buyers were told on their purchase to expect an April 2018 move-in date.
In February 2015 timeline expectations were as follows:
<ul>
<li>Demolition of existing industrial buildings on the site</li>
<li>Removal of trees</li>
<li>Construction of a multi-level apartment building with a two-level basement on the southern portion of the site (Sugarcube apartments)</li>
<li>Construction of 18, three-bedroom terrace development on the north portion of the site (Honeycombe Terraces)</li>
<li>Construction of new roads, pedestrian links and public domain works to be dedicated to Council</li>
</ul>
There are ongoing fears of contaminated groundwater on the former Monier roofing tiles site which had residue heavy metals, hydrocarbons and asbestos from its days as an industrial suburb.
Sydney Council confirmed that no final site contamination audit statement had been lodged.
"A private certifier issued the construction certificate to allow construction to proceed on the site despite not having received the final site audit statement," a SCC spokesperson said.
"City staff have been in ongoing discussions with the developer, who has not complied with the development consent conditions concerning remediation of the site."
It advised the developer has since provided further test results of the contaminants on the site and an assessment of the risk.
"Council is currently reviewing this material and is likely to seek some further information from the developer."
A spokesperson for Golden Rain Development said they "understood the delays have caused frustration."
It claimed the delays are due to requests by the City of Sydney relating to testing of groundwater near access roads and pedestrian walkways on the site.
"As Council will take ownership of these roads and walkways, it has asked for the additional testing before the final occupation certificate can be issued for the development."
"Golden Rain Development will continue to work with the City of Sydney to ensure Council is satisfied the site meets all health and safety requirements, and apartment owners can begin enjoying their new homes as soon as possible," the spokesperson said.
The City of Sydney approval came with a required $736,000 by the developer for a walkway.
The projects are within the Ashmore Precinct, one of the City of Sydney's biggest urban growth precincts.
The 17 hectare site, bounded by Ashmore Street, Mitchell Road, Coulson Street and the Bankstown railway line, is expected to have 6,000 residents by 2025.
A Sydney contamination auditor expects there will be a "long delay" for residents in getting into the upmarket projects where studio prices fetched $550,000 plus.
Industry experts have questioned how the project construction began without the necessary documentation in place.
"How did this build ever start in the first place?" a conveyancer said.
In NSW the management of contaminated land is “shared” by the Environment Protection Authority, the state Department of Planning and Environment and local councils.
Both projects were a finalist in "excellence in marketing" at the 2016 UDIA Awards.
The selling estate agents Colliers International declined to advise on the status of the sales contracts secured between 2015 and 2016, along with when the strata plan would be registered.
"All enquiries should be referred to Golden Rain Development," Colliers residential managing director Peter Chittenden said.
It is understood that some buyers have sought to terminate the sales contract and receive a refund of their deposit.
Nearby resales in other unaffected complex have shown no price growth over the past three years.
Golden Rain's ultimate owner is based in the British Virgin Islands.
One local director is 54 year old Bernard Chi, who has a 34th floor Bathurst Street, Sydney apartment. Another associated director is 55 year old Anne Bi, from West Pennant Hills.
The other directors give Hong Kong addresses.
A $1 million Sugarcube buyer Nick Rehac said he was "not allowed to stay here."
"We have no power," he told reporters as he stood in front of a fence preventing him to access the building.
"They took the money."
This article was first published in the Saturday Daily Telegraph.
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jchancellor-FAypfDUnLy

Honeycomb and Sugarcube residents to wait on contaminant tests

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An Erskineville apartment that neighbours the Sugarcane project sold at weekend auction for $1.35 million, some $200,000 over reserve price.
The Sugarcane Erskineville apartment development are empty more than one year after its completion because of concerns over potential toxic contamination.
<div class="in-content-ad">The revelations rocked Sydney’s property market last Friday, and some buyers pulled out because of the news.</div>
<div class="in-content-ad"> </div>
<div class="in-content-ad">But the Erko apartment offering which were developed by different developer and builders, saw competitive bidding.</div>
Nine Entertainment reported the successful buyer was unperturbed by fears of the potential toxic contamination from the adjacent development.
Infact they hoped it would "scare" off other buyers.
Some 13 parties registered to bid on <a href="https://www.realestate.com.au/property-apartment-nsw-erskineville-131394366" target="_blank">410/1 Pearl Street</a>.
Last sold for $855,000 in 2013, the two-bedroom apartment was built in 2014 and developed by Leighton Properties.
It was sold by Service First Property Group agent Oliver Quach.
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Nothing toxic about weekend Erskineville auction result

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Do off the plan apartment marketing agents have any responsibilities after the signed contract? And how accountable do they see themselves when things go awfully wrong?
I was wondering what role the selling agents at <a href="https://www.urban.com.au/news/101626-otp-sugarcube-honeycomb-erskineville-buyers-locked-out-after-contaminants-fears" target="_blank">the potentially still toxic Erskineville projects, the 109 Sugarcane apartments and the 18 Honeycomb terraces</a> felt that they had three or four years after they secured the sale for the Chinese developer Golden Rain Developments.
It was front page news in Sydney on Friday, followed by extensive website coverage throughout the morning and then on the Friday night television news.
The poor OTP buyers are in limbo, locked out of the completed residences after a dispute between developer and Sydney City Council over the potential toxicity of the former industrial site. The issue appears to be related to contaminated water run off, especially to and from the public land, rather than the earlier feared gas vapour issues in the car park basement.
The developer engaged Ray White Projects and Colliers International to sell their project quite a few years ago. It was a sellout.
The earliest Colliers marketing advised an anticipated early 2017 completion, then it was subsequently advised as April 2018.
Some 15 months further along, not one intending owner occupier resident has moved in, nor investor able to rent the residence out.
This extended period of limbo sees their deposits sitting there, awaiting final settlements, with their lenders no doubt cautiously wondering what impact the toxin turmoil, even satisfactorily resolved, ought have on their valuations.
The strata plan awaits registration.
A truly dreadful situation for every buyer.
Ray White Erskineville Projects advised they had marketed the 18 off the plan terraces in Honeycomb development in good faith as per the vendor’s instructions.
"When Ray White Erskineville Projects became aware that technical compliance issues had arisen between council and the developer over occupancy, we communicated to all purchasers any information that had been provided to us," it said in a statement issued within 90 minutes of the request.
"Ray White Erskineville Projects empathises with the challenges this situation presents to both the developer and the purchasers of these properties and is keen to see the resolution of any outstanding matters so the properties are able to settle," Ray White advised.
Colliers, headed by Peter Chittenden, took another course altogether.
"As Colliers were engaged as project marketing agents for this development, all enquiries should be referred to Golden Rain Development," it advised News Ltd's Daily Telegraph much later in the day.
The Sydney Morning Herald reported Colliers directed inquiries to Ray White.
It was March 2015 when Colliers kicked off the marketing in Domain with studio prices from $550,000, and the advisory that the projects were due for completion early 2017.
In August 2015 Domain updated readers in an article on pet friendly projects with the same early 2017 completion date advisory, and Colliers pricing for the one-beds from $645,000, two-beds from $870,000 that remained for sale off the plan.
Chittenden's linked-in ranks Sugarcube among his "successful projects."
<div class="_1665V undefined">
Golden Rain Development has completed 30 projects across Asia with the Erskineville development promoted as its “flagship project” in Sydney. They boasted the residences are amongst the most desirable ever to grace Erskineville's leafy village streets.
Golden Rain Development sent a letter to buyers in April this year, acknowledging delays in the issuing of an occupation certificate.
"An unforseen planning issue is at the heart of the delay," said the letter.
It didn't mention the toxicity issues. Owners described it as "unbelievable" and "shocking" to learn of the contamination issue in the SMH, after desperately pressing for answers for over a year.
One buyer told the SMH they had left "countless messages" with Colliers.
"When I purchased they were saying this was a fantastic developer and well renowned. It's just a horrible scenario to be in."
 
 
 
</div>
<div class="_1665V undefined"> </div>
 
 
 
 
 
 
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How OTP estate agents see their responsibilities after the signed contract?

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Off the plan Sugarcube-Honeycomb, Erskineville buyers have been locked out after contaminants fears.
They join other groups of residents also locked out of their Sydney apartments over safety concerns.
The 127 buyers secured apartments and terraces at Erskineville, in Sydney's inner-west through Ray White Project Sales Division and Colliers International
They were built on an old industrial estate contaminated with heavy metals, hydrocarbons and asbestos.
Sydney Council documents show construction approval for the <a href="http://www.sugarcubehoneycomb.com.au" target="_blank">Sugarcube Apartments and Honeycomb Terraces</a> was contingent on strict conditions for cleaning up the land and groundwater, involving accredited auditors.
The council said the buildings cannot be occupied because the developer did not comply with the conditions.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/7/19/Sugarcube-Honeycomb%20Erskineville%202.jpg" alt="">
<div class="_1665V undefined">
A City of Sydney spokesperson said the developer had “not complied with the development consent conditions concerning the remediation of the site”.
</div>
<div class="_1665V undefined">
The city was in “ongoing discussions” seeking a resolution with the developer, Golden Rain Development Pty Ltd.
“We understand this is a most frustrating situation for all terrace and apartment owners,” the City of Sydney spokesperson said.
</div>
The 109 Sugarcane apartments, and 18 Honeycomb terraces were built at the old Ashmore industrial estate.
When nearing completion pricing in Sugarcube was 1 bedroom for $665,000 with 2 bedrooms for $1,020,000 – $1,060,000.
The Sugarcane apartments were designed by DKO and built by Hamilton Marino.
The Metters Street and Coulson Street, Erskineville development was marketed as set to be ready to occupy in April 2018.
<div class="_1665V undefined">
Golden Rain Development has completed 30 projects across Asia with the Erskineville development promoted as its “flagship project” in Sydney.
</div>
<div class="_1665V undefined">
The buyers have taken to the City of Sydney’s social media pages to vent their frustrations about the “never-ending saga”.
Last week it was revealed that 30 loft-style apartments at 19 Gadigal Avenue in Zetland were <a href="https://www.urban.com.au/news/101102-zetland-apartment-block-in-secret-evacuation-late-last-year-due-to-building-defects" target="_blank">abandoned nine months ago</a> over severe water and fire safety defects.
Cracking also forced the evacuation of <a href="https://www.urban.com.au/news/94143-no-definitive-cause-identified-but-opal-tower-is-structurally-sound-but-needs-significant-rectification" target="_blank">Sydney Olympic Park’s Opal Tower</a> on Christmas Eve last year and the <a href="https://www.urban.com.au/news/99854-mascot-towers-residents-await-causes-of-cracking" target="_blank">Mascot Towers on Bourke Street, Mascot</a> last month.
</div>
 
<div class="_1665V undefined">
 
</div>
 
<h3> </h3>
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OTP Sugarcube-Honeycomb, Erskineville buyers locked out after contaminants fears

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A two bedroom Erskineville apartment recently sold at auction for $875,000.
It was listed with a price guide of $850,000 and last traded for $550,000 in October 2009.
 <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/11/26/erskineville%201.jpg" alt="" style="font-size: 12.16px;">
Situated at <a href="https://www.realestate.com.au/property-apartment-nsw-erskineville-129712586" target="_blank">17/612 King Street, Erskineville</a>, the 125 square metre unit comes with two bedrooms with BIRs, open plan living area opening to balcony, gourmet large kitchen and security parking.
Additional features include ample storage, security intercom, internal laundry and visitor parking.
The building is located on the edge of Erskineville and Newtown and near cafes, restaurants, shops and Dendy Cinemas.
It was listed through Silvia Vitale of Laing+Simmons Potts Point.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/11/26/erskineville%202.jpg" alt=""> 
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