One of Sydney’s booming satellite cities is set to soar to new heights as an Australian developer and hotelier announces Macquarie Park’s tallest residential tower.
Leading property developer TOGA has today announced One Twenty Macquarie a $160-million residential tower set to soar 23-storeys over the state’s second largest business district - often billed Australia’s Silicon Valley.
Designed by award-winning Turner architects, One Twenty Macquarie will be the latest addition to Herring Road; a thriving boulevard at the centre of the NSW Government’s Priority Growth Areas and Precincts Program.
One Twenty Macquarie will feature unique architectural ribbons forming a statement linear facade and comprise 196 luxury apartments plus premium amenities including a gymnasium, a theatrette, landscaped gardens, parking and a stylish retail café at its ground level.
Sales will begin in March.
TOGA Development and Construction Chief Executive Fabrizio Perilli said One Twenty Macquarie epitomised TOGA’s vision to deliver sophisticated living at the heart of a thriving economic centre.
“One Twenty Macquarie will rise above Macquarie Park to be a focal point on the skyline,” Mr Perilli said.
“This quality development will offer buyers the chance to capitalise on Macquarie Park’s exceptional growth as the city’s population climbs, employment and education opportunities expand and existing infrastructure improves,” he said.
Macquarie Park is the second largest business district in NSW, boasts the state’s largest suburban shopping centre and is projected to be Australia’s fourth largest CBD by 2030.*
By 2030, Macquarie Park is expected to attract 45,000 new jobs and 25,000 new students.**
“One Twenty Macquarie will be a convenient retreat in the heart of one of Sydney’s most sought-after satellite cities,” Mr Perilli added.
Located at 120 Herring Road, One Twenty Macquarie is positioned 16 kilometres from Sydney CBD and 450 metres from Macquarie University, Macquarie Shopping Centre and Macquarie University railway station.
Apartments boast generous balconies capturing sweeping views to Sydney CBD, North Sydney, Chatswood and Homebush as well as views overlooking Lane Cove National Park.
TOGA General Manager of Sales and Leasing Alex Adams said One Twenty Macquarie was designed to meet the needs of buyers whom sought exceptional convenience and spectacular views.
“One Twenty Macquarie reflects the growing demand for apartments with sought-after views and unrivalled convenience in Macquarie Park,” Mr Adams said.
“Residents will be able to efficiently connect to major shopping centres, commercial centres, world-class university and hospital infrastructure, childcare services and key transport interchanges linking to the CBD,” he said.
“We have already been inundated with expressions of interest,” Mr Adams added.
One Twenty Macquarie features a range of apartment types including one-bedroom, one-bedroom-plus-study, two bedroom, three-bedroom apartments and top-floor penthouses.
TOGA began accepting registrations of interest in December 2015.
Construction of One Twenty Macquarie is expected to commence in mid-2016.
The launch of One Twenty Macquarie is expected to attract strong interest following TOGA’s sold out (completed) 618-apartment development Macquarie Central and Macquarie Green; a 164-apartment development now 90 per cent sold.
The tower is expected to complete in 2018.