This article is from the Australian Property Journal archive
DEVELOPER Billbergia and joint venture partner Legacy Property have submitted plans for a two-tower development in Macquarie Park, that would deliver more than 250 new homes to the suburb.
Located at 88 Waterloo Road, the AJC-designed project includes two residential towers over a three-level mixed-use podium.
“The 88 Waterloo development redefines urban living in Macquarie Park by blending high-quality residences with natural beauty. Our design integrates bioclimatic principles and eco-friendly features to create a sustainable and comfortable living environment,” said Jim Koopman, studio director at AJC.
The 21-level Cottonwood and 19-level Waterloo will include a combined 255 apartments in a mix of configurations, with 60 one-bedroom, 98 two-bedroom, 85 three-bedroom and 12 three-bedroom penthouses.
“Macquarie Park is a rapidly evolving suburb that is well-positioned to benefit from increased density. 88 Waterloo Road will deliver 255 critically-needed new homes, serviced by essential retail and the new Metro station, while offering close access to key employment and study hubs,” said Saul Moran, development director of planning and development at Billbergia.
Nearly half of the total site area, or over 2,400sqm, will be utilised as open communal space, with a further 30% to be covered by tree canopies to mitigate the impacts of urban heat.
“The development is in one of the best locations in Sydney, opposite Macquarie Centre, overlooking a new park, within 200 metres of the new Macquarie Uni Metro station and Macquarie University,” said Matthew Hyder, CEO of Legacy Property.
Sustainability features at the project will include a solar PV system, fully electric and energy-efficient appliances, an efficient waste management system and water-saving fixtures.
“88 Waterloo reflects our commitment to creating exceptional living spaces and will connect urban residents with an oasis of nature in the middle of this burgeoning high-rise precinct,” said Brian Mariotti,” director at AJC.
“By integrating sustainable design principles with the unique character of Macquarie Park, we are setting a new standard for residential architecture that serves both the environment and the community.”
This would mark Billbergia’s second North Shore development, following the $170 million mixed-use project at 8 Wilson Street in Chatswood.
While earlier this month, Billbergia lodged a State Significant Development Application (SSDA) for its Harmony – Rhodes Central East, one of the first filed under the NSW government’s recent affordable housing reforms.
