EG Funds Targets Tricky Sydney Site With $138m Housing Play

The 6476sq m site at 7 City View Road on Dharug land, just off the arterial Cumberland Highway, is within walking distance from the Pennant Hills station and about 19km north-west of the Sydney CBD.

More than half the site is critically endangered blue gum high forest in poor to moderate condition. Site preparation would cut the remnant forest by two-thirds, about 2700 squre metres.

However, about two-fifths of the site would be retained as blue gum high forest.

Real estate investor EG Funds Management would contribute $450,000 to town centre upgrades as part of the scheme.

Five basement levels—stepping down to two beneath Building B at the site’s lower end—would provide 236 car spaces.

Building B would sit next to the T1 Great Northern Railway.

Retail and commercial floor space 3319sq m planned for the lower ground levels would include a cafe and two office premises.

▲ Architecture firm Fender Katsalidis has designed a part brick, bronze metal and fibre cement facade.

Communal areas would comprise 1770sq m open space, a gym and pool at lower ground level and a rooftop barbeque area.

Development application documents said that EG’s 7 City View Road was Pennant Hills’ first residential state significant development application since the Housing Development Authority pathway opened. 

A long-vacant three-to-five-storey office block would be demolished to make way for the EG proposal. The developer said it had considered retaining the block, but its long-term vacancy had scuppered the idea.

A 105-home, single-massing seniors living development was approved for the site in 2023, but did not progress

EG’s mixed-use development would cost about $138 million to build.

Properties in the immediate area of the site comprise detached houses and low to midrise commercial blocks.