Freecity approved to build $330m village
Freecity Group has been permitted to develop an apartment based mixed-use project (artist’s impression, top), 43 kilometres north west of Sydney, opposite Rouse Hill Metro station.
Also neighbouring Rouse Hill Town Centre, the Architectus designed project at 2-30 Tempus Street will contain 548 units.
The bulk – 332, in towers rising 23 and 18 storeys – will be build-to-rent investments with studio, one, two and three bedroom dwellings.
The balance (216) will be co-living studios in an 11 floor building targeting younger residents and key workers by being affordable.
A two and a half level podium is designed with retail – including a rooftop restaurant and bar – offices and a wellness centre.
This component is expected to span 15,000 square metres.
The basement will contain 129 car parks and 182 bike bays.
A 5 Star Green Star Residential Building, 5 Star NABERS, and WELL for Residential Certification, is also being sought.
The end value is speculated will circle $330 million (continues below).
The deal comes 14 months since we reported Freecity bought two Sydney Olympic Park offices from GPT, also for residential based mixed use projects.
Major Rouse Hill project
The application was lodged as a project of state significance.
“By building with Volumetric Modular Construction, we can deliver these 548 homes faster, more sustainably and to a consistently high standard than traditional construction methods allow,” Freecity executive director, Development, Michael Romano, said.
“Sydney is facing a genuine housing supply crisis and VMC is one of the most powerful tools we have to address it at scale,” he added.
“Tempus Street is a key part of Freecity’s broader pipeline of more than 6000 new homes across Sydney, each…designed to meet the city’s growing need for high-quality, well-located rental housing,” according to the executive.
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