Image: Artist impression of 5-7 Parkes Street, Parramatta development
The Sydney West Central Planning Panel has approved multiple development applications lodged by development company Dyldam, worth more than $400 million.
The approved applications to move forward include creating mixed use retail and residential developments, one at the former Lone Star Tavern at 5-7 Parkes Street in Parramatta, and one on the former Bull & Bush Hotel site at 360 Windsor Road, Baulkham Hills.
Acoording to the Australian Financial Review, the developer will have created more than 300 new apartments between the two projects.
The $260 million Bull & Bush project will contain around 6,042m2 of commercial and retail floor space which will include the use of a hotel/pub, a minimum of 2,502m2 of community floor space which includes a library and community centre floor space, and approximately 20,582m2 of residential floor space made up of around 200 units.
The approved plans for the 5-7 Parkes Street project proposed a mixed use development, consisting of four levels of basement car parking, one level of different sized retail shops at ground level and maximum of 23 levels of residential flat living. The design also proposed a total of 173 apartment units including one bedroom, two bedroom, and three bedroom.
“Dyldam has been an active member of the Hills community for almost two decades,” Dyldam boss Sam Fayad told the AFR.
“Until now, Windsor Road has been a major thoroughfare between Parramatta and the Hills District. This development will become the beating heart of Baulkham Hills, offering the convenience of city living within the beauty of the Hills District.”
According to the AFR, Dyldam has also been occupied with the construction of a western Sydney pipeline of developments in the past few years, having acquired the Auto Alley site in Parramatta from the Heartland Group for about $150 million, and receiving approval for a $600 million 800-apartment mixed use project at the site last year.
Dyldam also reportedly acquired the Parklea Markets, 40 kilometres north of the Sydney CBD, for more than $80 million last year with plans to act mixed use development opportunities.