The state government of New South Wales (NSW) in Australia has approved the concept plans for Ivanhoe Estate development in Macquarie Park.
The project is being delivered by a consortium, which comprises Frasers Property Australia and Mission Australia Housing.
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The latest approval paves way for the construction of the Ivanhoe Estate project, which will deliver more than 3,000 new homes, a new primary school and town plaza in Sydney’s North West.
NSW Planning and Public Spaces Minister Rob Stokes said the project would transform an 8.2ha site on the corner of Herring Road and Epping Road.
Stokes added: “Ivanhoe Estate is one of the first projects to have its assessment fast-tracked through the Planning System Acceleration Program, which is creating jobs and driving investment right across NSW.
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“By supercharging the planning system and getting Ivanhoe Estate out the door, we are injecting $303 million into the State’s economy and providing 572 jobs.
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By GlobalData“This approval paves the way for construction to begin on the first two residential buildings, which will deliver 740 new homes, with about one-third for social housing.”
Upon completion, the Ivanhoe Estate development will feature 3,300 new homes, including 950 for social housing, 128 affordable housing, and 273 seniors living homes; and a new primary school for 400 children and two childcare centres.
It will also feature 2.8ha of open space including new parks, a skatepark and a playground; a town plaza, new shops, cafes and restaurants; and a new road connecting Herring Road with Lyonpark Road, including a new bridge over Shrimptons Creek.
Construction on the Ivanhoe Estate project is scheduled to commence in October 2020.
New South Wales Minister for Water, Property and Housing Melinda Pavey said the Ivanhoe Estate will be the first major project backed by the NSW Government’s A$22bn Communities Plus Program.
Pavey added: “The programme will deliver up to 23,500 new and replacement social and affordable homes and up to 40,000 private homes over the next 10 years across NSW.”
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Illustration of the new primary school and town plaza in Sydney’s North West. (Credit: NSW Government)
