Coronation Property is shaping plans for another 1000-plus apartments at its precinct in Sydney’s Erskineville.
The Sydney-based developer has submitted plans for 1082 units across four buildings for its Ashmore Estate at 155 Mitchell Road with the City of Sydney.
The site at Mitchell Road is “one of the last remaining urban regeneration opportunities within the LGA that is capable of accommodating uplift”, it said.
The developer already has the first stages of the estate, which it unveiled in 2023, under way.
The estate is part of a wider project that has been in the works since 2015 when initial concept approval was secured.
Bates Smart and BVN are behind designs for the final $516-million piece of the Ashmore Estate puzzle after a design competition.
However, since that competition the NSW Government introduced infill affordable housing bonus provisions.
These bonuses have now been included in reworked plans to accommodate additional density and height changes, although it does not change the number of apartments.
Coronation, which called itself “NSW’s largest build-to-rent developer”, said it wanted to use this bonus to increase the height of all four buildings, and would allocate affordable housing to be managed by Evolve Housing for 15 years.
Coronation’s in-house operator Nation would manage the build-to-rent component, it said.
The plans are the final stage of the project. Coronation has previously moved ahead with development at 57 Ashmore Street, at the crossroads of 165-175 Mitchell Street; the site Coronation acquired for $315 million in June of 2022 from developer Greenland Golden Horse.
Buildings B and C of the estate are completed, while Buildings A, D and E are at various stages of planning and design.
The latest applications cover Buildings F, I, G and H at the Erskineville site, 6km west of Sydney CBD by road.
The F and I buildings would comprise one building of 162 build-to-rent apartments, and the other of 415 apartments as well as a 5125sq m supermarket and retail at ground level.
Coronation is also building a new internal road, to be called Alpha Street, with a new intersection at Mitchell Road.
As well as indoor and outdoor communal areas and landscaping, a pocket public park, north-west of block I and called the Kooka Parklet, is proposed.
Meanwhile, Buildings G and H would have a total of 505 units.
This would include 177 affordable housing units, which will be consolidated into one block. Coronation in the application said this was “going above and beyond the affordable housing obligation under the Housing SEPP”.
These apartments will include 15 dual-key units, which, if converted, will bring the number of affordable units down to 156.
A new lane as well as basement parking for 262 cars is also part of the scheme for Buildings G and H.
The proposal would provide 5.7 per cent of the homes the City of Sydney is required to deliver under the National Housing Accord, Coronation said.
The City of Sydney LGA is expected to deliver 18,900 new private homes by July of 2029.
