Council gives green light to more luxury units as part of East Side Quarter concept
More than 300 additional apartments have been approved for Penrith’s luxury East Side Quarter residential development.
Stages 2A, 2B and 3 were rubber stamped by Penrith City Council late last month giving developer CABE the go ahead to begin construction.
Read the full article on page 31 here: Western Weekender 12 September 2019
A new urban lifestyle village is coming to Penrith with ESQ 1818, the residential quarter of the Penrith Panthers’ Entertainment Precinct, receiving approval for stage one of its $500 million development. The development from Sydney developer CABE will feature 850 apartments plus retail, lake frontage, communal spaces and landscaped boulevards, nature walks and running tracks. CABE CEO Andrew James said it will be the first of its kind for western Sydney. “ESQ 1818 will become the residential quarter of the Penrith Panthers’ Entertainment Precinct,” he said. “East Side Quarter references the site location East of the Nepean River and East Side of the Lakefront and Penrith Panthers – creating an important lifestyle activation and connection into the town centre and Riverwalk Link. “The project will create a vibrant urban village on the door steps of the Penrith Panthers’ Entertainment hub.” Mr James said the new development would be of international standard. “ESQ 1818 will offer world class amenities, from the retail and lake frontage to the communal spaces, landscaped boulevards, nature walks and running tracks,” he said. Maintaining space between the buildings means views of the lake and Blue Mountains was essential for the development, with 50 per cent of the site allocated to landscaping, creating a green oasis for residents and the broader public. “The Blue Mountains is a Sydney icon,” Mr James said. “The natural attraction and fantastic backdrop is a direct visual connection to nature. It is our vision to create a village atmosphere bounded by parkland and landscaped boulevards. “Our landscape designers, Oculus, known for their work in both Barangaroo and the Central Park Development in Sydney, have been commissioned to realise this vision.” With one, two and three bedroom apartments on offer, the site will provide not only additional homes for the growing region, but a new vibrant and luxurious lifestyle currently missing from Penrith. “We believe space is the ultimate luxury,” Mr James said. “In addition to the amenities this project will deliver in the heart of Penrith’s entertainment precinct, we also have plans for a future eat street as well as resort-style living with wellness retreat, private club, dining and exclusive entertaining areas.” ESQ Stage One is scheduled to launch in the second quarter of 2018. Read the full article here.
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CABE’s $500 million lakeside development in Penrith, East Side Quarter (ESQ), has sold more than 60 per cent of stage 1 prior to their official launch. The 6.5-hectare urban village located at the foothills of the Blue Mountains and the doorstep of Penrith Panthers’ entertainment precinct offers benchmark design and postcard views designed from the ground up to meet the needs and desires of a new generation. “A record apartment price for Penrith of $950,000 was achieved with the sale of a penthouse style, 3 bedroom apartment,” Colliers International residential project director Blake Schulze said. “Buyers were motivated to snap up an apartment as they understand the strong growth potential of Penrith and the Western Sydney economy.” Penrith is currently reshaping its future as the heart of the New West. Multi-billion-dollar infrastructure projects such as Badgery Creek are forging stronger connections to wider Sydney and building a vibrant, activated city centre. Dynamic inner-city lifestyles, growing entertainment and enterprise hubs, a second Sydney airport, significant upgrades to university and hospitals, major road networks and more are creating a blueprint for the future that is placing Penrith firmly on the global map. “East Side Quarter appeals to all buyers from downsizers, to investors and first home buyers with oversized 1 bedroom apartments starting at $410,000,” Schulze said. “The strong buyer demand has been from the local market, with buyers quick to secure their apartments due to the urban community that ESQ offers with the connection to the Panthers Precinct,“ PRD Nationwide Penrith managing director Darren Latty said. “The sales success is a true testament to CABE’s development vision and the Turner Architects’ design, appealing to owner occupiers with a strong uptake from downsizers,” he added. As Penrith’s most visionary and bold new precinct, ESQ offers an all-encompassing lifestyle and residential quarter that will excite, involve and engage on multiple levels. Architecture firm Turner is creating transformational spaces of a type and scale never before seen. The masterplan for 850 one, two and three bedroom apartments maximises amenity for residents both inside and out. The vision is for a whole new urban experience that draws strength from a charismatic relationship between nature, its built form and multi-layered public and private spaces. ESQ’s Sales Display Gallery is located on Retreat Drive, Penrith. Open from 11am to 4pm, Wednesday to Sunday, or via Private Appointment 1300 181818 www.esqpenrith.com.au https://theurbandeveloper.com/articles/presales-success-for-cabes-east-side-quarter-in-penrith
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Local Penrith builder Astina Group has been awarded the contract to build all 152 apartments in Stage One of the East Side Quarter urban village development next to Panthers. Construction has now commenced.
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Design details have been unveiled for the Western Sydney Community and Conference Centre which will form part of the Panthers Group’s transformation of the Penrith Panthers precinct. A staged concept proposal prepared by Turner Architects has been lodged with Penrith City Council for a community facility, conference centre, exhibition centre, hotel, retail premises and serviced apartments. The first stage of the proposal provides a community centre, conference facility and new civic domain to deliver “a destination for connecting, engaging, learning and entertainment for the residents of Western Sydney and beyond.” This is supplemented with landscaping and public domain improvements along Ransley Street, Panthers Link and Mulgoa Road and a secured, weather-protected basement carpark. The estimated cost of works is estimated at $30 million. The community centre will be located on an existing car park site and help revitalise the Riverlink Precinct as a key entertainment and recreation destination. A flexible conference facility would be capable of seating up to 1000 people or hosting a number of smaller functions. To the west of the site lies the Panthers Club and I-Fly recreation facility, the ESQ1818 residential development to the north, existing fast food outlets to the south and Panthers training field and stadium across Mulgoa Road to the east. Stage 2 will include a hotel and retail premises at the gateway to the precinct, adjacent to Ransley Street. Stage 3 includes a serviced apartment building with flexible exhibition space to complement the conference centre facility. Former Penrith Rugby League player turned property developer Lou Zivanovic received development approval earlier this yearfor the first stage of his $500 million residential development known as ESQ1818. Zivanovic’s flagship company, CABE, submitted the proposal, which will deliver 850 apartments. New Penrith hospital The News South Wales state government has placed spending on infrastructure including health in western Sydney as part of a move designed to fend off criticisms of commitment to fund sporting stadiums. The government has pledged $1 billion to redevelop the existing Nepean Hospital complex in Penrith as part of an “unprecedented” $5 billion investment in Western Sydney hospitals. View the full article here.
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