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Norwest's Esplanade Towers get the green light

The Property Addict / Architecture & Design

Nov 08 2016

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Editorial by Maggie Kelly A new era of integrated living has dawned in Sydney's north-west with the approval of the $280M Esplanade mixed-use development on Norwest Lake. The Sydney West Joint Regional Planning Panel has signed off on plans for Esplanade which is Norwest's first truly integrated development. Esplanade consists of two 18-storey towers, which will include 247 apartments in a mix of one, two and three bedroom configurations; a range of private resident facilities like pool, gym, open-air cinema and lush landscaped gardens; as well as 6,000sqm of waterfront retail space and three levels of boutique commercial suites. In a unique offering, Esplanade also includes four-bedroom penthouses called Sky Residences, which allow owners to upgrade to a low-maintenance lifestyle in a spacious home-like apartment. The distinctive penthouses are expected to be released to the market in early 2017. Development manager, Capital Corporation, credited with more than 45 projects in the successful Norwest Business Park, reports that all commercial suites and more than 60 per cent of the apartments have already sold pre-DA, demonstrating a huge appetite for the convenience and lifestyle that comes with apartment living. Ian Bennett, Project Director Colliers International says "it's hard to believe that it was only 10 or 15 years ago that Norwest was surrounded by cow paddocks alongside commercial buildings. Now it is attracting premium business head offices from around the world and multimillion dollar residential homes" "Local residents from surrounding areas such as Dural, Kenthurst, Bella Vista & Glenhaven are downsizing from large homes and acreages to premium 3 & 4 bedroom trophy apartments that will provide them with new resort style lifestyle including outstanding elevated views and all conveniences including the new Norwest railway". Capital Corporation Managing Director Steve Grant says the sales success of the commercial workspaces is testament to the continued belief in Norwest as a thriving business park which is now evolving into an exciting residential and urban precinct, soon to be serviced by the Sydney Metro Northwest rapid transport network due to be operational by 2019. "This approval from the JRPP is great news for the many people who have shown their confidence in what we've proposed by purchasing prior to approval. More than 85% of buyers are local to the area and keen to stay connected to the community they love but want the change of lifestyle that Esplanade offers," he says. "We've had the chance to incorporate feedback from Council and the Norwest Business Association and we're delighted with the outcome. We're even more excited for the buyers who will be very pleased to see their new home progress," he said. Mr Grant said enquiry for apartments remained constant, with downsizers, families and investors all drawn to the "Ë?all-in-one vertical village' concept and the array of resort-like facilities. "Buyers are consistently telling us they're excited about the lifestyle and the "Ë?high-end' nature of Esplanade," Mr Grant says. "We know that projects like Esplanade help shape the face of the local area and how people live so this is an important example of how development companies can work collaboratively with planning authorities to ensure the needs of current and future residents are met and even exceeded." Prices started from $525,000 for a one-bedroom unit while two-bedroom apartments with parking started from $725,000. A range of premium lakefront apartments have recently been released, and the penthouse collection will come onto the market later this year. Construction of Esplanade is expected to start in 2017. For more information, call 1800 088 800 or visit the sales suite with a full-size two-bedroom display apartment at 11 Solent Circuit, Baulkham Hills, from noon to 3pm on Wednesdays to Sundays. [embed][/embed]



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