The effects of Kogarah’s New City Plan are beginning to be seen with high-rise development approvals worth hundreds of millions of dollars being sought for the suburb’s northern precinct.
These include an application just lodged by developer Level 33 for a $200 million, 12-storey development for Regent Street, Kogarah to house 321 apartments across four buildings.
The Regent Street site currently consists of a row of 15 homes on the southern side of the street which Level 33 has acquired over a 24-month period for $37 million.
Construction is expected to commence mid-2018 and will be completed in mid 2020.
Planned configuration for the development will be about 150 one-bedroom, 150 two-bedroom and 10 three-bedroom apartments.
It is anticipated that one-bedroom apartments will sell from $550,000 with marketing pitched at first home buyers taking advantage of the NSW Government’s First Home Owner Grant and accompanying stamp duty exemptions.
In other moves in the area, Chinese developer Poly Australia has bought an amalgamated site of site blocks at 14 to 24 Stanley Street, Kogarah for $22.4 million with plans to build 100 apartments.
It is believed Poly intends to lodge a DA in 2018 with construction to start later in the year.
Also in the pipeline is an 11-storey, $13.3 million development with 38 apartments to be built next to the historic Lyndhurst Gallery at Kogarah, lodged last month with Georges River Council.
The application is for 2 - 4 Gladstone Street, and the other at 10 Victor Street, Kogarah which creates an amalgamated 808 square-metre corner site next to the 1880s Lyndhurst Gallery at 6 - 8 Victor Street.
“The site is quite unique in the precinct with its corner position directly across from the Railway Line and in proximity to the railway station and town centre,’’ according to the application’s Environmental Impact Statement.
“ThisT site provides an opportunity to ‘cap off’ the entire block and also providing a new and attractive backdrop to the adjoining heritage building.”
“The contemporary design would showcase one of the distinctive gateway entries to Kogarah and aligns with the desired future character of the Kogarah North Residential Precinct, the EIS states.
The proposal provides an exceptional opportunity to help deliver the objectives for the NSW Government’s Plan for a Growing Sydney.
“The plan identifies the need to accelerate housing supply in the Southern subregion of the plan which includes Kogarah in order to meet projected population increases and address housing affordability.”
The Heritage Impact Report concludes that the proposed development will have no detrimental impact on the adjoining heritage item.
“The proposal is for a quality high density development on a prominent corner site that will begin the implementation for the new vision for the Kogarah Town Centre,” the application concludes.
And a row of five houses at 2 - 10 Stanley Street, Kogarah would be demolished to be replaced by a ten-storey block with 87 units, under plans submitted to Georges River Council.
The development application for the $30,200,000 project was submitted on October 13 by the company Carlton Investments No 2 Pty Ltd.
Situated one block back from Princes Highway, the amalgamated site forms a combined area of 1634 square metres and is located 600-metres north of Kogarah town centre, 350m from Kogarah High School and 200m from St George Girls High School.
“The proposal is representative of the desired future character of the Kogarah locality as per the draft amendment of the Kogarah Development Control Plan 2012 and the Kogarah North Urban Design Strategy,” according to the Statement of Environmental Effects submitted with the DA.
“The proposal provides a valuable improvement to the site and surrounding locality by creating new housing opportunities in a strategic location.”
The proposed building would have 28 one-bedrooms and 59 two-bedroom apartments.
There will be basement parking for 100 cars and 633 square metres of communal open space on the roof.
