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Last edited 27 Nov 2018
5 apartment developments that sparked urban renewal in Sydney
With the population of the city rising consistently, it is important for residential developers to continue providing new housing options for residents. This way, both new and old suburbs can be develop a better quality of life.
 What is urban renewal?
Urban renewal, redevelopment and regeneration projects are important to ensure the enduring success of a city. It assists in stimulating the economy by increasing housing growth, new businesses and employment prospects.
The North Village is a mixed development in Kellyville, in Sydney’s north west. Over the past ten years, the population of the area has grown to include younger first home buyers employed in white-collar professions.
Apartment developments have increased housing options and revitalised the area by complementing other suburban features and infrastructure. The North Village has grown to include a shopping precinct, restaurants and quality schools. It is a perfect example of how apartment developments and residential developers are responding to government initiatives such as the Kellyville North West Rail Link, increasing access to the rest of the city.
 Highline Westmead
This new apartment development has been inspired by New York City’s urban renewal project, The High Line. Located at the start of the new Parramatta light rail, Highline Westmead will increase the local population density as well as demand for local businesses.
Giving residents a 35-minute commute to the CBD, the property development will see five buildings constructed on the site. Part of a $1bn expansion plan for the area, over the next few years residents should expect to see the development of local universities. A $95 million refurbishment of The Children’s Hospital at Westmead and Westmead Hospital is also planned.
Another great example of urban renewal is South Village, a property development in Sydney’s south. South Village offers Kirrawee residents a lively community atmosphere with plenty of luxury living options.
The suburb is set to boom with new amenities such as a community shopping centre with retailers including Coles and Aldi, a medical centre and a number of cafés and restaurants. With seven buildings to be constructed, residential developers are expecting the mixed-use space to increase the livability of the commercial and retail-based location.
Brownfield land has often been overlooked and underused due to the difficulty in it being developed. However, as cities expand, it is more important for urban developers to look to the future and make the most of these areas.
Like Melbourne’s Docklands, Barangaroo is set to become a buzzing area with substantial property developments and employment opportunities for the new community. More than 50% will be dedicated to creating a public space where people can work, socialise, live and learn more about Sydney’s Aboriginal and maritime history.
One of 19 projects around the world participating in a climate positive project, the environmentally-friendly design aims to reduce construction waste. It will also include a number of native plants and promote an active, healthy lifestyle for residents.
Olympic Park is yet to see further substantial development. Transport is set to be revolutionised with the new light rail, and road network improvements are being investigated to support future residential and commercial growth.
This article was written by Peter Neale who works for Deicorp Properties, he is passionate about property development, giving insight into his experience with sales, marketing, leadership and general management.
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