THE ONLY WAY IS UP
THREE HIGHRISE PROJECTS PLANNED FOR ST MARYS
AN EIGHT-STOREY unit complex proposed for Carson Lane at St Marys will become the area’s tallest building if approved and is among almost $100 million of development earmarked for the CBD.
The $70 million plan is one of three housing developments set to inject a vibrant feel and more businesses to the area.
Two other multi-milliondollar developments will involve construction of a 49unit block along the Great Western Highway and another in Phillip St.
It follows strategic rezoning by Penrith Council.
PLANS for the future development of St Marys are going sky-high injectingclose to than $100 million into the area.
Three developments are set to create a more vibrant feel to the CBD.
A $70 million proposal by Dyldam for a 289-unit complex in Carson Lane outlines construction of a set of four unit blocks, each standing at eight storeys high - making them the tallest in St Marys.
It is the latest proposal set to go before the Sydney West Joint Regional Planning Panel in coming months.
Two others have already been approved by the State body.
An $11 million, 49-unit complex of seven storeys at 337-339 Great Western Highway is proposed by DesignCubicle and a $13 million, 49unit complex of four storeys has been put forward by Stimson & Baker Planning on behalf of Wentworth Community Housing for 11-15 Phillip St.
Dyldam developments director Remon Fayad said St Marys’ “growth potential” made it a great investment.
“With its height, our development is the first of its kind in St Marys but it definitely won’t be the last,” Mr Fayad said.
He said units could be for sale off the plan by August. DesignCubicle director Farah Georges said good growth and transport added to St Marys’ appeal.
Penrith Mayor Ross Fowler said the investment boom justified the planning work done by the council.
“The more people you have, the more economic activity you have, and the more economic activity you have, the more jobs you have,” Cr Fowler said. A Penrith Council spokesman said the council zoned the city centre and adjacent areas to medium- and highdensity residential to encourage more investment.
“We are seeing large investment in inner city apartment-style housing,” the spokesman said. “There will now be a better mix of business and residential in the town centre meaning the place will be more vibrant, alive and busy for longer and creating an evening and night time economy.”
St Marys town centre manager Paulette Adams said the new development interest was “fantastic”.
“Longer trading hours means more job opportunities and that’s obviously good for the community,” Ms Adams said.
The proposed unit blocks at St Marys.