ApartmentsVanessa CrollTue 02 Jun 26
Coronation’s $600m Factory-to-BtR Play Wins Approval
Coronation has won approval to turn a former Taubmans paint factory in Sydney’s inner west into a 464-apartment build-to-rent precinct, more than doubling its original housing yield.
Precinct 75 in St Peters is already under construction on a 1.5ha former industrial estate spanning land once known as 67 and 73-83 Mary Street, 50-52 Edith Street and 43 Roberts Street.
A 2023 Land and Environment Court consent cleared 205 new apartments, a retained house, commercial and light industrial space, community facilities, basement parking and public open space.
NSW planning officials have now approved a larger rental scheme under the Housing Delivery Authority pathway, converting more planned employment floorspace into homes while retaining 8307sq m for commercial and light industrial uses.
The broader redevelopment was previously reported at $420 million.
Planning documents assessed the latest approved uplift at $180 million, pushing the project’s planning value beyond half a billion dollars.
Coronation’s build-to-rent platform Nation will operate the precinct, about 650m north-east of Sydenham Station and Metro and 900m south-west of St Peters Station.
Environmental documents said the land was used for paint and varnish manufacturing from the 1920s to the mid-1960s, with petroleum hydrocarbons, solvents and drum-washing activities recorded on site.
Later tenants included a vehicle mechanic, brewery, coffee roaster, furniture maker, offices and a design studio.
Cox Architecture’s scheme, with Arcadia on landscape architecture, mixes new and retained structures across eight buildings of up to 10 storeys.
Apartments will sit across Buildings A, B, C, 6, 7 and 8, while Buildings 1 and 2 will retain commercial and light industrial uses.
Public areas include The Lawn, The Bark Park, The Grove, Makers Way, The Mews and a council artist studio.
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Resident amenities include lounges, co-working space, a cinema, music rooms, private dining, pool deck, wellness areas and gym space.
Approved plans cover 260 studios, 86 one-bedroom apartments, 109 two-bedroom apartments and nine three-bedroom apartments.
Sixteen will be affordable homes, managed by a registered community housing provider for at least 15 years.
Compact apartments became one of the sharper planning points, with “City Starter” and “City Stayer” studios pitched around furnished homes supported by broader shared amenity.
Cox Architecture director Felipe Miranda said the housing crisis was “a watershed moment in Australia’s housing history that demands innovation in the sector”.
Community pushback was heavy, with 98 of 113 public submissions objecting during exhibition.
Concerns focused on design merit, height, bulk, scale, traffic, parking, affordable housing and the smaller studios.
Coronation amended the plans after exhibition, adding balconies to some Building 6 studios, revising Building 2, changing part of level eight to a commercial gym shell and amending the Building 8 Edith Street facade.
Department planners found the project would support NSW housing targets, comply with amended height and floor-space controls, provide good amenity for future residents and have acceptable traffic and parking impacts.
