Rebel Property Group and Braxton have won approval for their $70-million six-storey Marrickville residential project just five months after filing plans.
It’s the first development approval under the newly rezoned Timber Yards Precinct slated for the historic Marrickville brickmaking site. Braxton chief executive Andrew Donnelly said they had spent 18 months negotiating with owners to amalgamate the 2000sq m site at 41-47 Farr Street at Marrickville.
“We’re delivering a product that meets the needs of this changing and vibrant community,” Donnelly said.
“They are mainly young families or older couples who want to live in Marrickville but only have older houses to choose from.
“With this project we are delivering premium, modern, beautifully designed, oversized, luxury apartments with plenty of secure parking and amenity in a quiet cul de sac, right in the heart of Marrickville.”
More than half of the 51 apartments are three-bedroom configurations.
Rebel Property Group managing director Allen Linz said the developers had worked with the council and wider community to develop a vision for the site. The developers have also collaborated on an industrial development in the same suburb.
“Our multi-level industrial project called MADE at nearby Faversham Street in joint venture with Toga demonstrates our commitment to Marrickville, which is transforming in a really interesting and dynamic way,” Linz said.
Similar new-build projects close to the development are achieving sales rates of more than $17,500 per sq m, which Linz said showed the strong growth and potential of Marrickville.
Via The Urban Developer
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