ESQ 1818 Penrith gets the go ahead for stage 1

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ESQ 1818 Penrith gets the go ahead for stage 1

21.12.17

Award winning Sydney developer, CABE has just received DA approval for Stage 1 of its $500M ESQ 1818 (East Side Quarter) mixed-use development in Sydney’s Penrith.

The 850-apartment master-planned development designed by the award-winning Turner Architects will feature retail, lake frontage, communal spaces and landscaped boulevards, nature walks and running tracks.

Maintaining space between the buildings means views of the lake and Blue Mountains will never be built out. 50% of the site has also been allocated to landscaping, creating a green oasis for residents and the broader public.

“We believe space is the ultimate luxury,” says CABE CEO, Andrew James. “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. This will be the first of its kind for Western Sydney.”

“Our plans for this site meet the State Government’s vision to provide high-quality attainable housing with an array of amenities and employment opportunities near transport corridors,” he adds. “We’re looking forward to working closely with Penrith Council, community and all the precinct’s stakeholders to deliver this unparalleled mixed-use destination for Sydney’s booming West.”

ESQ Stage 1 is scheduled to launch 2nd Quarter 2018. Registrations of interest are now available www.esqpenrith.com.au

07.08.18

New $500 million East Side Quarter project the latest in unprecedented development for Penrith

TAWAR RAZAGHI JUN 21, 2018 The once-overlooked suburb of Penrith on Sydney’s outskirts is steamrolling ahead with unprecedented development in the face of a major population growth spurt and its new future as one of Sydney’s most important town centres. For years it was just the last suburb Sydneysiders would bypass on their way to the Blue Mountains, but with the promise of a major airport a stone’s throw away, construction workers are already in overdrive preparing for the city’s new trajectory. The suburb has already started to evolve over the years with disillusioned Sydneysiders heading to Penrith in search of better value housing. In Penrith the median house price is $650,000, almost half that of Sydney’s overall median, $1,150,357. Despite being 60 kilometres west of Sydney’s CBD, the main street of Penrith is now booming, according to Penrith Mayor John Thain. “There’s a restaurant or cafe opening up every second week. You can see the vibrancy and it’s lifting the night economy,” Cr Thain said. It’s a far cry from its rural beginnings – Penrith has gone from being a farm on Sydney’s outskirts to a hardscrabble of suburbs to a city in its own right. Residential projects, particularly house and land packages, are not new in Penrith, but more medium-density and high-density mixed-use precincts with apartments are luring new types of buyers to Penrith and changing the town’s fabric. “It’ll give our young people the opportunity to actually stay in the area they grew up in. But it’ll certainly bring more people in. They want to have lifestyle choice … whether it’s a unit, townhouse or a 400 square block,” he said. A new $500 million project planned for the banks of the Nepean River will be a litmus test for demand in the region for high-density city-style living. It’s one of the biggest residential projects Penrith has seen and has been touted by those marketing the project as a “visionary new community”. The East Side Quarter “village” will be a mixed-use development with 850 apartments next to the Penrith Panthers’ Entertainment Precinct. David Borger, Western Sydney director of the Sydney Business Chamber, said Penrith was in the process of getting a major facelift. There’s a sense of optimism and it’s inevitable that it’s going to happen. Its future is rosier than its past,” Mr Borger said. “Penrith still has blue skies, wide-open spaces and wonderful nature at its doorsteps and people are attracted to that environment.” Young people can see the value and affordability of a place like Penrith, Mr Borger said. “There is a draw for young people to live in more affordable locations as well as local families who are doing well and want to go to a different community and migrant Sydney will be moving westwards as well,” he said. Despite much lower property prices in Penrith, the suburb isn’t immune to Sydney’s affordability crisis. Almost a quarter of Penrith tenants are in rental stress, according to the latest census data, and there’s a wait of more than a decade for social housing. One community housing provider said that while development is booming, there needs to be consideration of affordable housing options. Alongside new residential projects, change is also afoot with several infrastructure developments. Mr Borger said Badgerys Creek airport, which is 20 kilometres away, Sydney Science Park and the Northern Gateway development by BHL are “mega mixed-use projects” that will change the landscape in the region entirely. And the mayor said Penrith is ready to live up to the hype of all the record investment and population of about one million people in Western Sydney by 2036, up from 740,000 in 2016. “That’s twice the population of Canberra or three times the population of Newcastle. We’ve got to accommodate that [growth] across eight councils. Western Sydney’s time has come,” he said. There were less than half a dozen submissions raising traffic concerns around the ESQ development but councillor Thain said a number of parking lots would be built in time to prevent those issues from arising. https://www.domain.com.au/news/new-500-million-east-side-quarter-project-the-latest-in-unprecedented-development-for-penrith-20180620-h11m0k-440839/
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21.12.17

New Homes: We look at three of the best waterside developments

This state has some of the most beautiful waterways in the world so it’s no wonder developers are seeing their potential. Up on the northern beaches, developer CABE is tapping into the over-55s luxury housing market with a swish offering at Bayview, on the doorstep of Pittwater’s yachting and boating playground. The boutique project of five residences is also close to Mona Vale and Newport beaches and has walking tracks nearby, including to Church Point. Prices in the eco-friendly building, designed by Lesiuk Architects, start from a cool $2.5 million. Meanwhile in the southwest of the city, construction has begun on The Paper Mill in Liverpool, whose developers are promising to spark a new era of waterfront living for the area. Coronation Property has a vision of residents strolling and cycling along the Georges River boardwalk in what it says will become a “food, local produce and beverage” hub with community facilities and cultural pursuits. The first sod at the former industrial site was turned this month after a second wave of apartments was released for sale. Another centre undergoing gentrification is the city of Newcastle, which has had an overhaul of its waterfront areas in the last decade. Sydney developer Thirdi has launched its third development in the city, a two-tower apartment block just to the west of the CBD known as WestEnd. Future residents might spot former Australian cricket captain popping in the Newcastle CBD for holiday supplies – Clarke has recently snapped up a weekender in the Johnson Property Group’s Trinity Point development at Lake Macquarie, about 50 kilometres south of the former steel city. Watersedge, 2079 Pittwater Rd, Bayview Three-beds 279-313 square metres $2.5 million+ Penthouse 457 square metres $3.5 million Strata levies From $2204.33 a quarter Due for completion December 2016 Agent CABE, (02) 8818 3600; cabe.com.au Three of the five exclusive over-55s apartments at Watersedge have already sold – including the 260 square metre penthouse, which traded for $3.5 million after initial expectations of about $3.7 million. Watersedge has been designed by Lesiuk Architects, a firm known for its Balinese design bent and eco-friendly approach. The internal look and feel was crafted by SJB Interiors. The building will employ the power of nature, with plants cascading over the exterior to give residents greater privacy and help cool the interiors in summer. CABE development manager Joe Bevacqua expects the two remaining apartments to sell before Christmas. He says the business is interested in developing more small, premium projects “should the opportunities and zonings present themselves”. WestEnd, 3-13 Charles Street, Wickham One-beds 51-60 square metres $327,500+ Two-beds 68-75 square metres $481,500+ Three-beds 92 square metres $757,500+ Strata levies From $715 a quarter Due for completion 2017 Agent 02 9409 7200; westendnewcastle.com.au The gentrification of Newcastle’s former industrial areas is stepping up with several new apartments on the drawing board at Wickham, to the west of the CBD. One of those is WestEnd, a 126-apartment offering that will be housed in two buildings ranging from nine to 10 storeys high. Wickham will be given a boost by a proposed $75 million state-government transport interchange to be built in the suburb. It will allow commuters to switch between trains, light rail, buses, taxis and private cars. WestEnd will have the Newcastle CBD on one side and the harbour foreshore and the Hunter River mouth on the other. The apartments will be close to a walking trail that stretches along the foreshore to Nobbys Beach and lighthouse past a series of restaurants and cafes. The Paper Mill, 20 Shepherd Street, Liverpool One-beds 57-59 square metres $420,000+ Two-beds 77-96 square metres $542,500+ Three-beds 95-130 square metres $700,000+ Strata levies From $600 a quarter Due for completion 2017 Agent CPC Sales, 1800 78 33 22; www.liveatthepapermill.com.au AFTER selling out of apartments on the lower floors of The Paper Mill earlier this year, developer Coronation Property has recently released 88 apartments in its river-front Liverpool offering. The Woods Bagot-designed apartments are being built where one of Australia’s oldest and largest paper mills once operated. The design will blend re-purposed 19th-century heritage-protected industrial buildings with modern apartment towers. The Paper Mill is 650 metres from Liverpool station and has buses nearby. Construction of the 29-storey development began this month. The project has proved popular with buyers. More than 500 apartments and two-level town homes have already been sold at the site, which incorporates The Paper Mill and The Bindery. View the full article here.
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10.01.23

East Side Quarter Penthouse Apartment Record Breaking Sale

New Record Stuns Property Market Experts. Read the full article here: Western Weekender 22nd December 2022
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05.11.18

The Panthers’ $500m village moves ahead

ESQ1818 Submits Development Application for Stages 2 and 3 A development application for stage two and three of ESQ 1818 has been lodged to Penrith Council for approval. A total of four residential buildings ranging from four to five storeys as well as one mixed use residential building with about 1225 sqm of retail space are the second and third stage of the development. The entire project, which includes fives stages of construction, will cover a 6.5 hectare footprint on the Panthers precinct and feature a lakeside promenade as well as landscaped space, shopping and restaurants a stone’s throw from the Nepean River. Penrith based property developer Astina Group has been awarded the mammoth task of building ESQ. “We have been impressed with what we have seen with Astina and the fact that they are local was icing on the cake,” CABE chief executive Andrew James said. Astina has recently built projects such as Home on High and East Bank and builder William Schrumpf welcomed the new project. “We are extremely excited to be teaming up with CABE to deliver ESQ,” Mr Schrumpf said.
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