Construction has commenced at the highly-anticipated NewLife Darling Harbour residential development just minutes from the glittering waters of the western end of the harbour, which is currently undergoing a $1 billion facelift that will see the construction of a new hotel, updated retail offerings and a new amphitheatre at Cockle Bay.
The development will be completed by multi-awarding winning, Sydney-based Parkview, which is headquartered in nearby Pyrmont and has a long history of building some of Sydney’s most iconic masterplanned communities and currently manages the delivery of a portfolio of projects that exceeds $1 billion in value.
TWT Property Group Director, Stephen Fitzpatrick said that Parkview was selected to match its own very precise vision for the high-profile, luxury development and for its reputation as a leader in the construction industry that specialises in the kind of attention to detail and high end finishes that NewLife Darling Harbour will become known for.
“We have spared no expense and overlooked no detail in the planning and design phase of NewLife Darling Harbour and we knew that we would require an exceptional construction partner to create what will become an outstanding address in the established Sydney Harbour suburb of Ultimo,” Mr Fitzpatrick said.
He added that with NewLife, Darling Harbour, TWT Property Group is paving the way for the regeneration of Ultimo, which is poised for excellent capital growth given that it is currently lagging behind the urban renewal position and property price uplift that its neighbouring suburb Pyrmont has enjoyed for years.
“We believe in the prospects for growth and the solid investment that Ultimo represents for investors, and the lifestyle benefits NewLife Darling Harbour will bring to its future residents, who will be able to walk to work in the city and enjoy the myriad exceptional dining and entertainment options that Sydney’s iconic Darling Harbour has to offer,“ Mr Fitzpatrick said.
Parkview General Manager Simon Gobbo commented on the appointment and partnership with TWT Property Group to deliver such an important project.
“We are thrilled to be part of NewLife Darling Harbour and more widely, the regeneration of Ultimo into a spectacular harbour-side suburb. The team at Parkview will ensure our commitment to excellence and innovation will deliver on TWT’s vision for the project and create a new thriving residential community of the highest quality and amenity, ”Mr Gobbo said.
Comprising 200 apartments within a nine-storey building designed by acclaimed architectural firm Architectus following a design competition, NewLife Darling Harbour is on track for completion at the end of 2018.
The project also includes penthouse residences and two exclusive two-storey terrace homes with private, street level, security access and secure underground car spaces.
The development will feature a large open-air courtyard area at its heart, ground floor cafe, restaurant and gallery or retail space, a rooftop communal vegetable garden as well as a purpose-built pedestrian laneway beautified with artworks which will connect Harris Street to Bulwara Road.
All apartments are designed with balconies, with some featuring panoramic views to the Sydney CBD and others offering sweeping northern district views to the iconic Anzac Bridge. Prices start from $1.47 million for a spacious two-bedroom apartment and $1.86 million for a three-bedroom residence, while the final terrace home is priced at $2.4 million.
As an additional service to its clients and to demonstrate the level of care and attention to detail that will inform the entire construction process at NewLife, Darling Harbour, TWT Property Group has organised the installation of an onsite time-lapse camera that will feed images in real time every fifteen minutes via an online portal.
The planned upgrades to the Darling Harbour precinct will also include enhanced accessibility to Barangaroo as well as a $1 billion facelift scheduled for the nearby Star City Casino and a $250 million redevelopment of the Sydney Fish Markets.
“In years to come, few suburbs will be able to boast an offering of the same calibre in terms of lifestyle and location just a few minutes from the water itself, that NewLife represents. It is also close enough to the city that you can see the beautiful view of the full CBD, rather than the partial view available to most CBD residents living within it,” Mr Fitzpatrick added.
The area’s revitalisation process is due to come to fruition in about three years when a number of upgrades near completion – perfect timing for buyers into the $300 million mixed-use development at 495 Harris Street, which will also be welcoming its first residents at around the same time.
TWT has a vision for delivering residential and mixed-used developments blending the highest design standard with art and cultural elements. A passion for the arts underscores the company’s core philosophy and approach to property development with a commitment to delivering ‘environments and precincts of particular beauty’ that leave a legacy for the surrounding community to enjoy for years to come.
The company’s entire motivation springs from a desire to enhance the current locality in which it is developing, to create truly remarkable and beautiful residential spaces that include public art and cultural activation.