With an estimated capital investment value north of $275 million, the project has the potential to contribute to employment within the local area, helping to support employment targets for Macquarie Park.

While employment estimates are yet to be modelled, indicative estimates can be outlined based on typical benchmarks and a review of previous employment estimates for BTR projects. The development will comprise 38,141 square metres of residential BTR uses and nearly 3000 square metres of ancillary non-residential areas. Based on these estimates, the project should generate about 330 construction jobs and 140 direct ongoing operational jobs.

In terms of permissibility, Goodman will seek consent for a residential flat building, which is a form of build-to-rent development.

Goodman has only lodged its scoping report with the NSW Department of Planning and Environment. The purpose of a scoping report is to request the environmental assessment requirements from the Department’s Secretary for the preparation of an environmental impact statement for a State significant development application.