Landcom is calling for tenders for the sale of the next stage of its Lachlan’s Line development at Macquarie Park, a transit-oriented neighbourhood located in the fast growing Macquarie Park corridor in Sydney’s North.
Landcom CEO John Brogden said that Lachlan’s Line is ideally positioned to capitalise on opportunities such as the new Sydney Metro, and the high level of demand for quality residential apartments within the Macquarie Park area.
“The vision for Lachlan’s Line is to create a vibrant new residential neighbourhood and local destination with quality public spaces and amenity,” Mr Brogden said.
“As the masterplanner for Lachlan’s Line, Landcom has already delivered lead-in infrastructure and services to prepare the superlots for development, as well as public domain spaces, parks and regional road upgrades.”
The Lachlan’s Line project was announced by the NSW Government in 2013 as part of the North Ryde Station Precinct.
The latest land release includes two stages comprising medium to high density residential superlots, which can be bought together or separately.
Award winning architecture firm Bates Smart has prepared the concept design for the residential sites which have the potential for around 950 apartments.
Once complete, the new contemporary urban village at Lachlan’s Line will provide approximately 2,700 homes for around 5,000 residents close proximity to jobs, shops, and transport.
The sites follow previous land releases within the 9ha Lachlan’s Line project.
Fraser’s Australia purchased the station north site, yielding 380 apartments, in 2013. In late 2014, Greenland Australia Investment then secured a 1.2ha, mixed-use site for shops, community facilities and around 900 apartments.
Residents are expected to start moving into the precinct in late 2019, with retail facilities to open in early 2020.
“We are expecting strong interest from local and international developers who can demonstrate the ability to deliver high quality outcomes, in line with our vision for Lachlan’s Line,” Mr Brogden said.
The development site is being marketed through Knight Frank who will run an eight week marketing campaign. The residential sites will be subject to separate approvals by City of Ryde or the Sydney North Planning Panel.
The call for tenders opens on 10 October 2019 and closes at 5pm on 5 December 2019. A contract is expected to be awarded in March 2020.