ApartmentsPatrick LauMon 31 Aug 26
Deicorp Cuts Ribbon on First Stage of $5bn Melrose Park Transformation
The ribbon has been cut on Deicorp’s foundational mixed-use project in Sydney’s Melrose Park, delivering 494 apartments and 30,000sq m of retail space.
The broader $5-billion precinct will eventually host a light rail station, as well as at least 6000 and up to 11,000 new homes. Work is under way by Deicorp, Sekisui House, Holdmark and Payce.
Melrose Park is 24km north-west of the Sydney CBD.
Speaking at a ceremony on August 29, Deicorp founder Fouad Deiri said that in early 2024 “there was nothing here but a paddock”.
“In just two-and-a-half years, what we’ve been able to do here is nothing short of a miracle,” Deiri said.
“We worked very closely with the team at Parramatta council … to enable this project to be a success. Because, as we all know, these projects are getting harder and harder.”
NSW planning minister Paul Scully said that the residential component was an example of how the state’s housing challenges could be addressed.
“But we also have that integrated into somewhere where we’ve got a school that’s being upgraded, we’ve got a light rail that’s going past the front door,” Scully said.
“We’re also marrying that up with good public spaces where people can get together, where friends can meet, where kids can kick a footy around, and the like. And that’s how we do density well in New South Wales.”
The $700-million Melrose Central comprises a four-storey retail podium topped by six residential towers reaching from six to 24 storeys, with design by Turner Studio. The scheme at 33 Hope Street sits about 6.5km east of the Parramatta CBD, and about 17km west of the Sydney CBD.
The development will form the retail hub of the new suburb, with about 100 tenancies supporting around 1200 jobs. A 4000sq m full-line Coles anchors the shopping mall, while a 2000sq m World Gym and an iPlay outlet also have significant footprints.
NSW member for Parramatta Donna Davis praised the centre’s food court, saying “you don’t need to go outside of this local area to get the best of ramen anywhere in Sydney”.
“It’s not just about what government delivers; it’s also about what what private enterprise can deliver, and that’s exactly what Deicorp are doing here. They are making sure that the amenity is in place for all of us,” Davis said.
