The transformation of one of Sydney’s key innovation and employment hubs has taken a major step forward, with Deicorp securing development approval for its new residential project in Macquarie Park.
Approved by the NSW Minister for Planning and Public Spaces, the development at 161 Herring Road and 13-15 Lachlan Avenue will deliver a 17-storey residential building comprising 181 one-, two- and three-bedroom apartments, including 29 affordable housing dwellings for key workers and lower-income earners.
Located just 300m from the Macquarie Park Metro Station, the State Significant Development forms part of the State’s broader strategy to deliver housing in well-connected, high-demand locations.
Designed by DKO Architecture, the project will feature landscaped communal areas, rooftop open space, and four basement levels providing 191 car parking spaces and dedicated bicycle facilities.
The development will also target an industry-leading 7-star average rating under the Nationwide House Energy Rating Scheme (NatHERS) and incorporate features including on-site solar energy generation.
Deicorp Chairman Fouad Deiri OAM said the approval reflected Deicorp’s ongoing commitment to delivering well-connected housing close to jobs, education and transport.
“Macquarie Park continues to evolve as one of Sydney’s most dynamic mixed-use precincts. This approval allows us to move forward with creating high-quality, accessible homes that contribute to a more inclusive and sustainable community,” said Fouad.
As part of the development, Deicorp will make a $2.8 million contribution to local community, cultural, and open space infrastructure, as well as a $1.6 million Housing and Productivity Contribution, supporting the delivery of local services and public amenities.
Located within walking distance of Macquarie University Metro Station and Macquarie Centre, the project adjoins the State Significant Macquarie Park renewal area, a key growth precinct identified for new homes, improved transport links and public domain upgrades.
With the development consent now in place, Deicorp will progress detailed design and early construction planning ahead of a targeted commencement in 2026. Deicorp currently has over 2000 apartments under construction across Sydney.
For more information, please visit https://deicorp.com.au/.
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