Anson Group has been approved for a significant residential development project in Kensington, marking a milestone in the company’s expansion efforts. The green light comes after a rigorous 16-month development application process for the proposed 197-apartment residential shoptop.
The project site, located at 77 to 103 Anzac Parade and 59A to 71 Boronia Street in Kensington, underwent scrutiny before receiving the go-ahead.
Anson Group lodged DA/395/2022 in August 2022 and received approval in March 2024.
According to the NSW Department of Planning, the average assessment timeframes for multi-unit residential developments in 2022-23 was 182 days, indicating a thorough approval process.
Anson Group, a real estate company with over 15 years of experience in Sydney, has strategically combined 14 lots to create a massive 6296-square-meter site in the City of Randwick. With a projected budget of $104 million, the development project aims to rejuvenate the area by constructing four buildings of varying heights, ranging from four to nine stories.
According to BCI Central, their new development will include a variety of apartments ranging from one to three bedrooms. Buildings C and D will have nine storeys each and will be located along Anzac Parade, while the Boronia Street buildings will be four storeys high.
The buildings will be interconnected and have an upper-level infill built form. Additionally, there will be 245 parking spaces available across a two-level basement.
The architectural blueprint, designed by BVN, includes provisions for a thoroughfare link that runs east to west. This will improve accessibility and connectivity within the neighbourhood. Additionally, in a nod to community welfare, Anson Group has designated six units within the development as affordable housing, reflecting their commitment to inclusive urban development.
The site where the project is planned currently contains two-story commercial and retail spaces, as well as empty and outdated buildings. Anson Group aims to transform the area, which is expected to boost the economy, create job opportunities, and address the retail demands of the community. The upcoming development is projected to include a much-needed supermarket.
The development is taking place in Kensington Town Centre, and it is currently undergoing planning reviews to determine the best building heights and densities. The goal is to improve the infrastructure and promote commercial expansion.
Anson Group’s winning bid for the Kensington project highlights their strategic vision and dedication to enhancing Sydney’s urban landscape while meeting the changing needs of its residents.
Published 5-March-2024