Macquarie Park: Lachlan’s Line Grows 24 Storeys Taller
As part of the broader vision for Lachlan’s Line, a 24-storey residential development project has been approved at 3 Halifax Street in Macquarie Park….
Written by
02/10/2023
On public exhibition is Stockland’s State significant development proposal for the development of Triniti Stage 2 as new shop top build-to-rent housing at 39 Delhi Road in North Ryde.
Specifically, the proposal comprises a shared podium with 3 x buildings ranging from 2 – 20 storeys, including 1851 square metres of non-residential floor area at ground level, 39,031 square metres of build-to-rent housing and 1518 square metres of communal residential amenity facilities located throughout the buildings. Retail, food and beverage facilities will be offered throughout the project, as well as activation and revitalisation of the existing New Link Road to be used as a pedestrian shared zone.
While residential accommodation is prohibited within the E2 Commercial Centre zone, it is permissible under section 72 of the Housing SEPP. The site has a mapped FSR of 2:1 and a base height of building of 37 metres. However, the site is subject to clause 6.9 of the Ryde LEP, which grants FSR and height bonuses for development within the Macquarie Park Corridor that include the provision of recreation access and an access network. If approved, this will allow a total FSR of 3:1 and a 65-metre building height.
Set to accommodate over 500 apartments, Stockland’s proposal will facilitate the renewal of a vacant and underutilised parcel of land at a critical location in Macquarie Park as part of the North Ryde Riverside Precinct.
Triniti Business Park
Currently accommodating the site is the existing Triniti Business Park, including Stage 1 on the northern portion of the site and Stage 2 (the subject of this proposal) on the southern portion of the site, which is vacant.
BTR is an alternative asset class that is receiving political support in Australia, as it arguably improves housing diversity and quality for renters and institutional investors. It is a major contributor to housing supply globally, with widespread adoption in the US and Europe.
With this in mind, it is anticipated that Stockland’s BTR project will respond to a coalition of key demographic trends, including a well-publicised shortage of appropriate housing options, an expanding population of young renters and a general shift towards high density living. The proposal seeks to address these issues through the delivery of significant housing options that cater towards a broad market within an integrated mixed-use precinct that provides complementary employment opportunities, generous recreational spaces and convenient access to transport infrastructure.
Find us
Australia Square
Level 44, 264 George Street
Sydney NSW 2000
Mon-Fri: 9am – 5pm | Sat-Sun: Closed