Private developer Toga Group has lodged plans for a $130 million mixed-use development in Marrickville that would range from six-storeys to 14-storeys.
Undeterred by the slowdown in the residential apartment sector, the developer's plans for the inner-west site would see the construction of 270 residential apartments following demolition of all existing structures on the 182- 198 Victoria Road and 28-30 Faversham Street site, pending council approval.
Set amid the the Wicks Park area, the location is one in transition, home to industrial warehouse buildings and low-scale residential areas, located within the 10-kilometre radius of Sydney CBD.
Development plans also include 2,351sq m of ground floor retail, two levels of basement, and a built form of six-storeys fronting Victoria Road, stepping up to 14-storeys on the site’s eastern end.
The proposed design, by architectural firm Turner, will also include 1550sq m of communal open space on the first level podium with an additional 250sq m of common area for residents at ground level.
Locally, construction is under way at Marrickville’s $142 million Metro shopping centre at 13-55 Edinburgh Road with AMP Capital managing the development on behalf of owner UniSuper.
Toga Group, which was founded in 1963 by Ervin and Charlotte Vidor, has a few major projects on the go in Sydney, including the $63.5 million Penway Place in Penrith, One Twenty in Macquarie Park and The Hunter at 16-18 Cross Street in Double Bay.
The Vidors originally founded the group more than 50 years ago with the aim to offer apartment style-rooms for travellers, it has since expanded into a fully integrated end-to-end property development and hotelier group.