As residential property buyers and investors continue looking for projects that feature liveability and amenity, developers are turning toward integrated mixed-use hubs to house their flagship projects.
One key location making the most of this shift toward cohesive and integrated communities is Sydney’s Lidcombe area, which houses key hubs such as Sydney Olympic Park and Carter Street Precinct.
These two noteworthy locations have successfully integrated education, retail, hospitality and commercial facets into their proposed master plans – presenting them as highly desirable residential pockets for developers and buyers alike.
Within Carter Street Precinct, AYCMI – the Australian subsidiary of international developer, YMCI – are using their experience in delivering major urban and environmental precincts to create a residential project that capitalises on the new public primary school, expansive parklands and surrounding business parks.
With the master plan for the Carter Street Precinct proposing a village centre, light rail extension and numerous public recreation spaces, including integrated pathways and cycleways that will be available to the community – AYCMI’s new development, Ovation Quarter, is set to give residents a thriving community to live, work and learn in.
Related: Revitalised Carter Street Precinct a Development ‘Game Changer’
The proposed primary school and parklands, which have been designed and landscaped in collaboration with Environmental Partnership and architect Kann Finch, will offer the area distinctive education and employment opportunities.
The relocated primary school site is adjacent to the new central public open space within Carter Street Precinct, which will also see a 3.4 hectare expansion as part of the revised Master Plan.
The Carter Street Precinct draft master plan responds to the revised Sydney Olympic Park Master Plan 2030 that was announced in August of this year. SOPA 2030 paints a picture of generous retail and hospitality ventures, business opportunities and a central public domain.
Further advancing the location beyond simple recreation and residential offerings, SOPA 2030 also includes the addition of a new high school within the precinct – a move that demonstrates that the area’s potential for education and employment opportunities.
The mixed-use offerings of the Carter Street Precinct, which is on the doorstep of Sydney Olympic Park, align closely with the vision of SOPA 2030, and create a new multi-faceted destination and desirable residential pocket.
The aim of AYMCI’s residential project, Ovation Quarter, is to create a recognisable residential element to the precinct that will integrate with Sydney Olympic Park while also standing alone as a unique and modern offering.
The regeneration of Sydney Olympic Park and its surrounds has been regarded by the NSW State Government as a priority growth precinct and AYMCI’s contributions to the neighbouring precinct aim to bolster the area’s reputation for progress.
The Carter Street precinct – located only 30 minutes from Sydney’s CBD – is currently transitioning from an industrial area to a new community, with the planned educational facilities and parklands proving critical to the process.
AYMCI is one of the leading innovators working to make their mark following a successful recent history of urban regeneration. Their plans for Ovation Quarter marks part of their plan to build on the success of Sydney Olympic Park and its anticipated expansion.
AYMCI released their first section of apartments in the Ovation Quarter in 2017. Emerald is a collection of 170 affordable luxury one, two and three bedroom apartments within the Carter Street Precinct.
To find out more about AYMCI’s plans for the Carter Street Precinct and the different stages of Ovation Quarter, see their website.
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