First sod turned in new luxury residential development
PROMENADE, a luxury residential development being built on the banks of Parramatta River, is on its way with the first sod turned last week.
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PROMENADE, a luxury residential development being built on the banks of Parramatta River, is on its way with the first sod turned last week.
Developed by Starryland Australia, a local division of Chinese firm Fuxing Huiyu Real Estate Company Ltd, as its first foray into the Sydney market, Promenade will have 774 apartments in 11 towers.
All 124 apartments in the first two buildings of stage 1 sold in the first weekend of release in May.
The third stage 1 building, featuring 153 apartments, will be released in August.
The 5ha site in Morton St Parramatta will have 1.2ha of landscaped foreshore open space and an extensive walking and cycling network.
A pedestrian bridge across the river will be another feature. Construction is expected to start mid-2016.
Representatives of Fuxing and sales agents Savills Australia turned the first sod of the project last Wednesday.
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