Landmark Group’s next set of plans for its Macquarie Park supersite have hit the City of Ryde portals as the developer adds desperately needed stock to the Sydney housing market.
The developer acquired the site for $130 million from Landcom in “the largest land deal since the start of the pandemic” in August 2021.
The plans for 3 Halifax Street, Macquarie Park, were part of the 1.8ha supersite and included a 24-storey tower with 266 apartments, five levels of basement parking and landscape works.
The project with an estimated cost of $112.27 million was designed by FJC Studio architects and complemented plans next door at 5 Halifax Street lodged in January.
The Macquarie Park buildings were almost exactly halfway between North Ryde Metro Station and Macquarie Park Metro Station.
Meanwhile at 6 Halifax Street, Landcom Australia was partnering with Link Wentworth to build 135 affordable units across a pair of 14-storey towers.
Affordable housing in NSW has become a key development attribute with bonuses given to developers who included 10-15 per cent of these homes within new projects.
Although Landmark’s Halifax buildings did appear to include affordable housing the developer has incorporated the scheme in its 280 apartment Casa Delmar complexes at Dee Why.
Landmark Group managing director Arash Tavakoli said they chose this project because across the Northern Beaches and Sutherland Shire affordable housing was in short supply.
“As developers, we recognise the challenges faced by the local community, especially critical workers who are forced to live far from their places of employment because of the ongoing rise in rental rates,” Tavakoli said.
“We want to be an integral part of the solution to alleviate Sydney’s housing crisis and make a meaningful difference in delivering long-term, high-quality housing solutions for those who need it most.
“I believe it is our generation’s responsibility to create a financially sustainable way forward for future Australians to live in, contribute and be part of the Northern Beaches community, and we are deeply committed to doing our part in this.
“While there are steps taken to address the housing shortage and affordability, it will require government, industry and communities to consistently work hand in hand to find a long-term resolution to this once-in-a-generation crisis.”
The private Sydney developer also has plans for a 12-storey adaptive reuse building at Kogarah and aparment complexes in the Hills Showground Precinct among many others.