This article is from the Australian Property Journal archive
THE third stage of Parkland Estate in Sydney’s outer north-west suburb of Rouse Hill is about to launch, comprising 213 new apartments.
PRDnationwide Norwest and Ray White Castle Hill have been appointed as the project marketers for the Parkland Estate, developed by Capital Corporation and designed by architectural firm Turner.
The six to nine-storey apartment development has received DA approval and construction is expected to begin early next year, will form part of the 700-dwelling, $500 million development.
Construction of the first stage of the development, which includes 62 terrace homes, is already underway, with completion slated for late 2017.
Baulkam Hills-based Capital Corporation has developed 45 projects alone in the nearby Norwest Business Park, and various other commercial and residential projects in the local area.
Capital Residential Developments development manager Joel Wood said Parkland Estate was a transformative development for the North West area.
“We undertook this project with an ambitious goal which has shaped every aspect of the design process. We didn’t want to just build a housing and unit development, we wanted to build a new community,” he said. “There was the opportunity to build significantly more apartments on the site, but we chose to prioritise liveability and design,”
More than 5000sqm of green space will be reserved for project, which will also feature a number of communal facilities.
The Central Park area of the project, which will be completed in 2018, includes a 17-metre lap pool, playground facilities, grass areas, a tennis court, communal rooms and a BBQ pavilion.
The Estate will also be surrounded by several parks, bikeways and sporting fields.
The site is located within 300 metres of the future Cudgegong Road Train Station, which will be part of the $8.3billion North West Rail Link.
Median prices for the first stage of Parkland Estate range from $500,000 for a one-bedroom apartment, through to $800,000 for a three-bedroom offering.
The next stage of the project comprises 75 one-bedroom, 100 two-bedroom and 38 three-bedroom apartments.
Australian Property Journal
