National property and construction group Traders In Purple has signed a second partnership agreement with Sydney Anglican Property to redevelop a centrally located site in Lane Cove, currently occupied by St Andrews Anglican Parish Centre.

The 1960s built church is proposed to make way for new and expanded ministry spaces, a publicly available 400-seat auditorium, a minister’s residence, retail space and up to 40 apartments, the majority of which will be three bedrooms to cater for local families and larger households.

Located on the corner of Finlayson Street and Rosenthal Avenue, opposite the popular retail and dining hub The Canopy, repurposing of the 3,000 sqm site plus an adjacent residential block, presents an opportunity to meet the urgent need for more well-located residences while providing the Diocese with contemporary space to fulfil its community purpose.

<img alt="Traders in Purple" data-entity-type="file" data-entity-uuid="c1d602b3-62fb-4958-9a9d-f3f43bbfb584" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-03-28%20at%209.05.34%20am.png?VersionId=Lfompc6gatvMmJocBxoHNvCk6d0x1nrH" />

Traders In Purple Director George Geagea said the site was one of the last in central Lane Cove suitable for development and likely to also be in high demand amongst downsizers seeking to move from the family home to a quality designed and built low maintenance apartment.

“This is our second partnership with Sydney Anglican Property and confirmation of their trust in our capability and compatibility,” Geagea said.

“We look forward to working together to realise the Diocese’s vision for their Lane Cove community and delivering exceptional homes in a location where there are few opportunities for residential development and housing supply.

“There is a clear Government intent to see more in-fill development in strategic locations that have the infrastructure and capacity to accommodate more housing.

“The Lane Cove site ticks all the boxes for residential development. It is in a quiet, leafy street of predominantly mid-rise apartments, just a short walk away from Lane Cove’s main shopping precinct.

“Considering its prime location, this is a great opportunity for Traders In Purple to work with Sydney Anglican Property to repurpose their asset and deliver wide-ranging benefits to the community.”

<img alt="The Lane Cove site" data-entity-type="file" data-entity-uuid="d8e62a56-9d32-4823-89a7-8fc00fede0d9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-03-28%20at%209.05.52%20am.png?VersionId=kO2yWi.XQGFkHx4B0VVilTTVPtXWda8F" />

Sydney Anglican Property CEO Ross Jones said the project is an excellent example of the Diocese’s Urban Renewal Program in practice.

“Under the URP, we are looking to use our existing property resources to serve the communities we are a part of, while also ensuring our local churches have the facilities they need for generations to come,” said Mr Jones.

“We know that Traders In Purple shares that vision, making them a very compatible development partner for projects like this.

“If approved, the plans for this site mean Lane Cove will not only have access to increased housing supply, but also a publicly available, state-of-the-art auditorium right in the centre of town.

“We’re already working closely with council and parishioners to ensure the project delivers the best possible outcome for everyone who’s a part of the Lane Cove community.”

Traders In Purple has also acquired an adjacent property to allow for increased project scale and expects to lodge a development application later this year.&nbsp; Following community and stakeholder consultation, they anticipate construction to commence in 2027.

Traders In Purple has also acquired an adjacent property to allow for increased project scale and expects to lodge a development application later this year.  Following community and stakeholder consultation, they anticipate construction to commence in 2027.

Joel Robinson

Traders in Purple to target local families in Lane Cove church redevelopment

National developer Sekisui House has spent just over $110 million on a prime development site in St Leonards for its next apartment development.

<a href="/developers/sekisui-house-australia">Sekisui</a>, currently developing the $1 billion Norwest masterplan as well as the $1.2 billion West Village community in Berisbane's West End, bought the 8,758 sqm freehold site across&nbsp;22-34 Berry Road, 42-46 River Road, and 21-31 Holdsworth Avenue.

[smartcode_project:default project_id=134191 project_image_fid=230]

The sale came with approved plans for 230 apartments across five four to eight-level buildings, as well as a central north-south 'green spine' which will feature a swimming pool area. Some 28 per cent of the site, 2,411 sqm, will be dedicated to communal open space.

The majority of apartments in the project, <a href="/new-apartments/holdsworth-avenue-st-leonards">Waterstone</a>, will be two-bedders, around 50 per cent. There will be roughly 46 three-bedroom apartments and 74 one-bedrooms, catering to a wide range of buyers.

<a href="/project-marketer/colliers">Colliers</a> Asia Markets team secured the <a href="/new-apartments/st-leonards-nsw-2065">St Leonards</a>&nbsp;sale through an off-market campaign process with a short four-week settlement.

"This has been a strong result despite current market conditions as active developers continue to seek DA approved development opportunities in a prime location," the Colliers team advised.

[smartcode_project:default project_id=134191 project_image_fid=234]

They said the&nbsp;strategic location of the sites within the St Leonards South precinct adds to their appeal, as they are among the few remaining parcels of land with such immense development potential.

The $110.5 million sale equates to approximately $480,000 per unit site and $4,853 per sqm on GFA.&nbsp;

The vision of the St Leonards South Precinct, described within Lane Cove Development Control Plan 2009, is for a "liveable, walkable, connected, safe, precinct which builds upon the transit and land use opportunities of St Leonards and Metro Stations and commercial centre."

<img alt="St Leonards South" data-entity-type="file" data-entity-uuid="882155e8-b587-4a66-93be-dd12d9f179bd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-03-19%20at%209.32.40%20am.png?VersionId=MalpWFM81TcsJj.XwWhscj4zGoL3xdgR" /> 
A concept image of St Leonards South. Image credit: North Sydney Council

Within the St Leonards South precinct is Top Spring's multi-stage development&nbsp;<a href="/new-apartments/the-newlands-st-leonards-21-41-canberra-avenue-st-leonards">The Newlands</a>, as well as Hyecorp's under construction <a href="/new-apartments/audrey-st-leonards-13-19-canberra-avenue-st-leonards">The Audrey</a>.

Meanwhile, Sekisui recently&nbsp;unveiled the final release of apartments in the penultimate stage of their multi-award-winning <a href="/new-apartments/west-end-qld-4101">West End</a> master plan.

They've just taken to market the Opulent release, a collection of four and five-bedroom luxury apartments in the <a href="/new-apartments/the-allere-collection-west-village-mollison-street-west-end">Allere Collection</a>, which comprises two towers, Uno and Duo.

Uno and Duo, which are 95 per cent sold, will be the second to last buildings in the 2.6-hectare West Village precinct which Sekisui started developing in 2016.

Colliers Asia Markets team secured the St Leonards sale through an off-market campaign process with a short four-week settlement

Sekisui buys St Leonards development site for Waterstone apartments

Just a few weeks after the launch of its first Gold Coast apartment development Nera on Chevron Island, Queensland developer Bastion Property Group has snapped up a site for its next.

Following around $18 million in sales at <a href="/new-apartments/nera-residences-chevron-island-8-10-parneno-street-chevron-island">Nera</a>, Bastion has acquired two sites at 27 Vista Street and 2959 <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a> Boulevard which will be amalgamated to create an 826 sqm block and home a new multi-level apartment development.

<a href="/developers/bastion">Bastion Property Group</a>'s&nbsp;Alex Wood said the company was keen to explore further development opportunities on the Gold Coast as part of its commitment to have 10 projects in market over the next 10 years.&nbsp;

“We have great confidence in the Gold Coast market and this latest acquisition will enable us to continue to build and grow the Bastion brand as a residential developer of choice for discerning buyers,” Wood said.

The sites are located just a stone’s throw from the sought-after Garfield Terrace, the beach, and is situated next to the light rail tram stop.&nbsp;

The acquisition comes on the heels of the company's preliminary success of its $140 million Nera project at <a href="/new-apartments/chevron-island-qld-4217">Chevron Island</a> following a soft launch that drew more than 200 inquiries in the first few weeks of release.

Bastion has already locked in sales of $18 million, with the majority of interest coming from locals.

[smartcode_project:default project_id=108640 project_image_fid=241583]

Nera, located at the northern end of Chevron at 8-10 Parneno Street, will deliver a collection of 87 apartments across 28 levels.

Alex De Vincentiis, managing director of project marketer <a href="/project-marketer/onepm">ONE:PM</a>, said locals are already won over by the location.

"As expected, local owner-occupiers, many of them already living on Chevron Island, have dominated preliminary inquiries, although we have also fielded multiple inquiries from interstate investors.

“From a local’s perspective, they are already won over by the location. They love Chevron Island and they want to stay, so for the buyers that have already signed up, Nera is the perfect fit for them.”

[smartcode_project:default project_id=108640 project_image_fid=241579]

Designed by&nbsp;<a href="/architects/plus-architecture">Plus Architecture</a>, Nera’s residences are primed for downsizers with large floorplans and an number of layout options with two and three-bedroom units on offer.

All Nera residents will enjoy rooftop amenities, including an infinity pool, wellness spa, top-tier fitness centre, exclusive dining area, sky lounges with fire pits, and a dedicated yoga platform.

[smartcode_project:default project_id=108640 project_image_fid=253873]

Bastion Group, which is backed by a private consortium of experienced national and expat developers, has taken a dedicated approach to not only deliver a premium residential offering, but to create a new landmark design for Chevron Island.

“We are thrilled by the strong preliminary response to Nera, especially from locals, and the market more broadly,” Wood added.

“The soft launch has been an outstanding success and testament to our team’s efforts to create a design that epitomises a new era of luxury and sophistication that is transforming the Chevron Island lifestyle.”

Nera, which has already achieved development approval, is currently awaiting council response to minor revisions aimed at meeting demand for premium residences in the popular suburb.

Bastion anticipates construction of Nera will begin in the middle of this year with completion forecast for 2026.

[smartcode_project_cta:default project_id=108640]

Bastion want to have 10 projects in market over the next 10 years

Stockland Managing Director and Chief Executive Officer, Tarun Gupta, said the acquisition represents a step change in the reshaping Stockland's portfolio

Stockland buys 12 masterplanned communities from Lendlease for $1 billion

Sekisui House is expanding into Castle Hill with a new site acquisition for its premium home building brand, SHAWOOD.

They've secured a 1.2-hectare site at&nbsp;2 McIntyre Place, where they intend to develop 16 detached homes each on 700 sqm which they will start construction on in mid-2024.

The acquisition comes off the back of continued growth for Sekisui House Australia, with the business recently announcing 10 acquired parcels of land across Sydney, NSW.&nbsp;

Sean Osawa, CEO of Residential Communities and Home Building at Sekisui House Australia, said the expansion into Castle Hill represents a key milestone in our growth journey across New South Wales.

"This project, like our other communities, is set to meet our high standards of innovation, design and sustainability but also resonate deeply with the local community."

The development is strategically located in a leafy area of Castle Hill and offers&nbsp;one of the last in-fill sites in the area.

<img alt="Sekisui Castle Hill" data-entity-type="file" data-entity-uuid="3805198f-2faf-492f-a710-05b8d6aa70d4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-18%20at%2012.20.20%20pm.png?VersionId=Qcao3paqY45JLXdQsk.UxRXVQEMuCD28" />

"At Castle Hill, our vision extends beyond constructing homes. We aim to cultivate a living environment that reflects the aspirations of our residents, enhancing the local community fabric," Osawa added.

"Each SHAWOOD home will be custom designed for the site, demonstrating the highest quality workmanship and curated Smart Home and sustainability inclusions."

The project&nbsp;is expected to draw significant interest due to its proximity to key infrastructure in The Hills Shire, including North Connex, the Metro North-West, arterial freeways to Sydney’s CBD, Castle Hill Towers shopping precinct, and educational facilities.

The development's strategic location, offering easy access to the city via the Castle Hill Metro Station and major roads.

Sean Osawa, CEO of Residential Communities and Home Building at Sekisui House Australia, said the expansion into Castle Hill represents a key milestone in our growth journey across New South Wales

Sekisui House Australia secure Castle Hill land site for townhouse development

Queensland-based property developer Pradella has secured its next Brisbane apartment development site.

They've paid $6.1 million for a&nbsp;1,083 sqm site in Toowong, opposite Toowong Memorial Park.&nbsp;

The corner site at <a href="/new-apartments/70-sylvan-road-toowong">70 Sylvan Road</a> is zoned for&nbsp;medium-density residential and has development potential for an eight-storey residential development.

The property is currently fully occupied by a mix of residential and office tenants on short-term leases.

There had been strong developer interest in the suburb, CBRE's&nbsp;Adelaide O’Brien and Will Carman said.

"The location has been a great success story for local and interstate developers who recognise its attraction to both the owner occupier and investor market,” O’Brien said.

“The property has the ability to generate a robust fully leased net annual income providing Pradella with secure earnings to strategise for future development.”

Toowong is located between Mount Coot-tha and the north bank of the Brisbane River and is surrounded by successful Brisbane developments by companies such as <a href="/developers/mosaic-property-group">Mosaic</a>, BPM and <a href="/developers/consolidated-properties">Consolidated Properties</a>.

There had been strong developer interest in the suburb, CBRE's Adelaide O’Brien and Will Carman said

Pradella secure their next Brisbane apartment development

Brisbane-based townhouse developer Azure Development Group is continuing its push for delivering a more affordable housing product in Brisbane's fringe areas.

They've secured a 4.5 hectare infill site at&nbsp;499-507 Anzac Avenue in Rothwell in the Moreton Bay LGA, paying $20.1 million.

Azure, who have a development pipeline of $1.5 billion over the next five years in South East Queensland are planning&nbsp;around 230 townhouses, which will add to their three current projects in Rothwell. The project will have a mix of three and four-bedroom terrace homes. Azure is also considering a two-bedroom product to make their offering even more diverse.

Azure’s portfolio is tackling demand at both ends of the market - from downsizers looking for premium stock in Brisbane’s inner city to more price pointed housing in the key fringe growth precincts.

They have an active portfolio of seven developments, including&nbsp;two luxury apartment projects in inner Brisbane - One Earle Lane at Toowong which is approaching a sellout and One Five Six by Azure at New Farm, which set a price record for the inner city in 2022 with its $11.4 million penthouse sale.

[smartcode_project:default project_id=95611 project_image_fid=180226]

Azure’s Acquisition Director Chris Schroor says the acquisition of the Rothwell site builds on the company’s strategy of townhouse developments to meet the growing demand for affordable housing.

“We’re bullish about townhouses and we’re doubling down on our strategy through this acquisition,” Schroor said.

“We currently have three townhouse projects on the northern side of Brisbane, so this will add to that strategy.

“However, in order to meet the affordability criteria, we’re finding that we have to move further out of the Brisbane metropolitan area. Any offerings that we can deliver below $800,000 are selling quite strongly.”

In August, Azure launched the $55 million Munro by Azure which comprises 100 terrace homes in a gated estate located at Bundamba in Ipswich. The sold-out development offered three-bedroom, two-bathroom terrace homes for between $545,000 and $557,000 each.

“Our plans for Rothwell are similar to the Munro project, although it will be stronger from a price point considering the location,” Schroor added.

“It’s important to secure sites such as this that can deliver projects of scale to ensure we can meet the price points where the market dominates at present.”

Azure already has two other Ipswich projects in train – the $50 million Seasons by Azure, comprising 68 terrace homes in the Brookwater enclave in Springfield which is due for completion in December, and a proposed 129-lot project at Flinders View which is still in the planning stages.

Schroor says there's been confidence from all sector of the market, which he says has well and truly returned.

“We’ve had strong sales in the second half, with Munro selling out and the Northlakes development selling strongly.”

The Rothwell project joins Azure’s existing Brisbane northside projects of The Terraces by Azure, a 53-townhouse development at Mango Hill set for completion in January, and Willow by Azure at Northlakes which comprises 76 terrace homes that are priced from $699,900.

Azure’s Acquisition Director Chris Schroor says the acquisition of the Rothwell site builds on the company’s strategy of townhouse developments to meet the growing demand for affordable housing


Azure plans 230 townhomes at new Rothwell, Moreton Bay site

As construction comes toward the pointy end of their sold out <a href="/developments/palm-beach-qld-4221">Palm Beach apartment development</a> Esplanade, veteran developer Pask Group has secured its next <a href="/developments/gold-coast-qld">Gold Coast apartment development</a> site.

They've grabbed a 1,012 sqm site at 216 Esplanade in Burleigh Heads, which came with approved plans for a luxury apartment development designed by Koichi Takada, who has put his stamp on the Burleigh Heads beachfront in recent years.

He first designed FORME's award-winning Goodwin Terrace apartment project The Norfolk, and the recently launched Isabel by Mosaic, which is just a few doors down from Pask's new project.

Nearly 18 months ago plans were filed for a 17-level tower then dubbed Palms. Just 28 half and full-floor apartments were signed off by the Gold Coast City Council in February.

<img alt="Koichi Takada back with new luxury Burleigh Heads apartment development" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-30_at_2.10.44_pm.png" />

The three-bed apartments, 23 of them, will start from 205 sqm&nbsp;internally, and the five four-bedroom apartments start from 411 sqm of living space across a full floor. They will have a butler's pantry in the kitchen, a second living space/rumpus room, and high-end wine storage.

The tower will be crowned with two two-level penthouses, with the 295 sqm half floor apartments on level one, with level two set to home a huge master suite, an outdoor dining terrace with built-in barbecue kitchen, a sun deck, and a private plunge pool.

The resident amenity is located on the&nbsp;second&nbsp;level, where there will be a resort-style pool with ice bath, hot tub, two saunas, and an outdoor shower. A lounge zone will meet a barbecue space, and toward the rear of the building is a gym with an outdoor space, and a yoga studio. A three-bedroom apartment is also located on this level, with its own plunge pool in a wrap around garden.

<img alt="Koichi Takada back with new luxury Burleigh Heads apartment development" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-30_at_2.17.08_pm.png" />

Takada says the development is inspired by its natural surroundings.

"216 The Esplanade is designed in homage to the coastal locale, with a sculptural form evocative of ocean waves and composed of materials that reference nature and the lifestyle aspect of Burleigh Heads," Takada wrote in the design statement in the development application.

<img alt="Koichi Takada back with new luxury Burleigh Heads apartment development" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-30_at_2.17.12_pm.png" />

"The distinctive design of the building and its sculptural features are intended to position the building as a landmark in this visually prominent location and in turn as a catalyst to encourage higher quality development ion the adjoining area."

Pask, founded by Nev Pask back in 1969 and currently ran by son Dean, are also preparing to launch 250 Albert Street, a striking collection of just 23 apartments in East Melbourne.

Exclusive: Pask Group secure next Gold Coast apartment development site

Prominent Melbourne developer Golden Age has sold its 425-apartment project in Box Hill to Build-To-Rent specialist Local.

The pair will partner up on the $360 million, dual tower project at 517-521 Station Street Box Hill, the site of the former Whitehorse City Council car park.

With architecture and interiors by leading architecture and interiors firm Fender Katsalidis, the development sits at the heart of the suburb’s transformation area, above Golden Age’s new food, lifestyle and retail precinct known as SKY SQR. The expansive three-level podium and food precinct spans around 12,000 sqm. It has been designed by world-renowned Oval Partnership.

Residents will have access to 1,170sqm of outdoor green spaces designed by landscape architect Aspect Studios alongside a range of exclusive amenities. Residents will have access to an 80-seat co-working space, three private dining rooms, a 20m indoor pool, exercise and wellness studios, games and entertainment rooms, and pet wash and electric car share facilities.

Local Co-CEO Matt Berg said the growth in the market of Box Hill has been extraordinary, and they&nbsp;believe the location will endure through market cycles.

"We’re excited to be partnering with Jeff and his best in class team to deliver this project," Berg said.

The Box Hill development will be Local’s first BTR residential project outside Melbourne's inner-city ring. Construction will commence in Q1 2024, with residents moving in late 2025.

<img alt="Box Hill" data-entity-type="file" data-entity-uuid="bc8f05b8-4774-4469-a5d1-d9ec22ac117d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-10-31%20at%209.11.50%20am.png?VersionId=6TQo8yR502JGZYxc2wnaXuzKNgMaE3Os" />

With a strong local community and economy built on the back of the Eastern Health Precinct and the Box Hill Institute of TAFE, the area is positioned for incredible growth with the development of the suburban rail loop connecting key metropolitan activity centres with the outer suburbs of Melbourne.&nbsp;

Local’s Head of Capital Transactions, Chris Axsentieff, said the move shows Local’s commitment to providing much needed supply in well-connected inner to middle ring locations.

“With a growing need to deliver quality housing alongside access to education, employment and culture outside of the Melbourne CBD, Local is determined to deliver attainable projects in inner to middle ring locations so more renters can enjoy thriving suburbs like Box Hill, which are tightly held, established residential markets with amenity that appeals to a broad range of prospective residents,"&nbsp;Axsentieff said.

"We take a focused approach when considering our development sites, identifying the specific needs of an area and what value we can bring the local community.

"When we looked at Box Hill, we saw a close-knit, diverse community and strong local economy, which we want to build on. The current and future Box Hill infrastructure will continue to drive demand and is unique in Melbourne, being somewhat of a second CBD. We are excited to be partnering with Golden Age Group to create residential projects for new and existing residents to enjoy this vibrant and well-connected suburb.”

Golden Age Group Founder and Managing Director Jeff Xu said Local is the perfect partner to deliver the Build-to-Rent component of the Box Hill project.&nbsp;

“We have spent considerable time exploring and researching the right direction for this project to ensure it caters to the suburb’s ever-evolving needs. Box Hill is the perfect location for build-to-rent and we have always seen ourselves as a co-developer of Box Hill so it’s important every project aligns with the council’s strategic vision and the needs of current and future residents. Local’s commitment to community aligns closely with ours and collectively, we will deliver an unprecedented and iconic project to Box Hill, continuing to shape this vibrant suburb by providing a fresh offering.&nbsp;

“We are excited to be working with the calibre of industry professionals of Dan McLennan and Matt Berg who are distinguished leaders in their fields,” he said.

In line with Local’s ESG commitments, 37 apartments in the development are committed to impact housing. Local has successfully established a housing model delivering tangible social benefits whilst achieving commercial returns without the assistance of government support or tax concessions. It's impact housing model incorporates a minimum of 10 per cent social, affordable and specialist disability accommodation in each of its developments, to grow this to a minimum of 1,500 social and affordable homes over the next decade as part of its development pipeline target of over $5 billion.

Local Co-CEO Matt Berg said the growth in the market of Box Hill has been extraordinary, and they believe the location will endure through market cycles.



Golden Age to partner with Local on Box Hill apartment development

Renewal SA has secured Adelaide's&nbsp;West End Brewery with the intention to create a $1 billion, mixed-use community with over 1,000 new homes.&nbsp;

The West End Brewery, which closed in June 2021 after 135 years of brewing operations at the site, is located on Port Road in Thebarton,&nbsp;an inner-western suburb of Adelaide.

The planned precinct will also present significant opportunities for commercial, hospitality, retail and government tenancies, which along with greenspace activations, will create a bustling new economy on the city’s fringe.

Renewal SA will act as master developer of the 8.4-hectare community and work in partnership with industry to deliver the project after being selected by Lion Beer Wine &amp; Spirits as its preferred proponent during a market expression of interest process.

Adoption of a government-led delivery model will provide widespread opportunities for private sector participation in planning, design, civil works, development, building and construction activities while ensuring best-for-state community outcomes.

Renewal SA has begun active discussions with the National Housing Finance and Investment Corporation (NHFIC) on funding opportunities specific to the ground-breaking Thebarton development in a bid to assist South Australians in their pursuit of home ownership.

This includes talks to form a bilateral agreement that would cut red tape for Community Housing Providers, identify areas of social and affordable housing need, unlock government land to assist delivery and expedite planning approvals.

Part of the development will likely be the adaptive&nbsp;reuse of the high-profile heritage buildings such as the Walkerville Brewhouse, and activation of the area around Colonial William Light’s first Adelaide home, as well as recognition of Kaurna culture.

Detailed master planning will inform the final land use mix and configuration of the new community, along with feedback from stakeholder and community consultation. It will be people-focused in its intent and aim to exemplify the seven Elements of Great Places–equity, identity, greenery, urbanity, mobility, wellness and resilience–as defined by the United Nations.

As part of its presale preparations, Lion lodged an application for a Code Amendment to rezone the land to a combination of Urban Corridor (Boulevard) and Open Space, which would allow for a myriad of future uses. The site is currently predominantly zoned for Strategic Employment.

Much of the site has already been cleared and remediated by Lion, meaning development can occur quickly. Renewal SA will commence detailed master planning early next year with civil works to follow that process. It will also begin gauging interest from private sector developers and investors, along with CHPs looking to partner with it on affordable rental projects in 2024.

Indicative timelines have construction and property sales starting in 2025, with the first residents moving in by 2027. Key civic spaces and public amenity will also be prioritised within the first stages of development.

Housing and Urban Development Minister Nick Champion said the strategic acquisition of the Brewery site solved a number of state government requirements while providing major scope to rigorously pursue its agenda to increase housing supply along key corridors.

“It is almost unheard of to get an infill site of this scale in any capital city, so we seized the opportunity,” Minister Champion said.

“It is our intention to create a world-class precinct – one which is a catalyst for further local investment and drives housing affordability. We will draw inspiration from other high-quality urban infill projects like Bowden.”

Renewal SA Chief Executive Chris Menz said extensive opportunities for development and construction industry partners to bring their specialist knowledge and innovative solutions to the project would be announced in the coming months.

“We will be looking to leverage the resources and expertise of the private sector including development partners, investors, designers, consultants and builders, to deliver this world-class vision.

“Renewal SA has solid experience in creating investment ready, well-planned, industry leading communities for the state and we intend to secure the most successful and proven development partners to deliver each component of the project – including residential, retail and commercial - through an open competitive process.

"We’ll be looking for the best of local and interstate experience and investment and it’s my firm view that great outcomes are achieved when government and private sector work hand-in-hand, which we have seen at the likes of Bowden, Tonsley Innovation District, and Playford Alive.”

The planned precinct will present significant opportunities for commercial, hospitality, retail and government tenancies, which along with greenspace activations, will create a bustling new economy on the city’s fringe.

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