DEVELOPER Coronation Property’s $200 million Ashbury Terraces project in Sydney’s inner west will go ahead, with the group receiving development approval from the Canterbury Bankstown Council.
Construction is set to commence imminently on the 15,365sqm Ashbury development site, around 10km from the Sydney CBD, which with approvals now in place will be transformed from the industrial site Coronation acquired in 2014 into a luxury residential estate.
Stage one of the development will see 59 three-bedroom terrace homes and three penthouses released, with prices ranging from $1.795 million to $3.2 million.
“Since plans were submitted, we have worked closely with Canterbury Bankstown Council and town planners, designers, engineers and architects to ensure the design reflects the rich history of the site and responds to the community’s aspirations for a considerate development that enhances the suburb’s charm,” said Aras Labutis, head of urban transformations at Coronation Property.
The SJB and 360 Landscape Architects-designed Ashbury Terraces will reference its industrial past with a brickwork façade, while each residence will include outdoor entertaining areas, oversized backyards and courtyards, as well as rooftop terraces.
“The development has been designed to ensure that as time passes and people move through the site, a sense of community is fostered ensuring that Ashbury Terraces positively contributes to the social fabric of the area,” said Adam Haddow, principal architect and director at SJB.
The estate will also feature a large communal space at its centre, The Garden, which will include a heated pool, private resident dining areas and a private gym.
“Great places to live are about an abundance of sunlight, feeling the breeze inside, a great connection to greenery, and generosity of space. Together with Coronation and 360 Landscape Architects, we designed Ashbury Terraces to incorporate all these elements,” added Haddow.
The development will incorporate a pedestrian link Milton Street and W H Wagener Oval, as well as landscaped paths to the oval as an extension of the residents’ private backyards.
“We’re seeing strong interest from local buyers who have an appreciation for the rarity of the project. Buyers are also seeing value in the larger terrace style homes with communal amenity and oversized backyards – a unique feature to Sydney developments,” concluded Labutis.