EG Proposes Benchmark Co-Living Site In Sydney’s City Fringe

EG has proposed a build-to-rent development at 175-177 Cleveland Street, Redfern that will raise the standard for co-living housing in Sydney’s inner-city fringe.

EG acquired the site in late 2020 for $18.7m.

Currently occupied by seven lots including several low-format buildings and a car park, EG has submitted a development application that includes plans for 120 self-contained studios, accommodating up to 188 lodgers across a 1000sqm site.

Designed by Sydney firm Mark Shapiro Architect, the six-storey building will become home to students and young professionals looking for affordable accommodation close to universities, the CBD, and future commercial developments. The area is also set to benefit from investment in major infrastructure such as the Sydney Metro rail project.

“The strategic urban renewal of Redfern is an exciting opportunity to step up and provide residential projects that go above and beyond in quality and generosity,” said David Workman, Divisional Director – Urban and Community Planning at EG.

Committed to EG’s philosophy to ‘Build in Good’, the plans also include numerous spaces to promote social interaction and foster a sense of community. Such spaces include a café, multiple and extensive open landscaped areas, a communal garden, study area, rooftop BBQ area and outdoor cinema.

Artwork by a local artist from the Boomalli Aboriginal Artists Cooperative will be incorporated into the building design, featured on window boxes and balconies to punctuate and articulate its façade.

“The public artwork intends to aide an understanding of the complex cultural context of the Redfern area and Country,” Mark Shapiro Architect notes.

The application is on public exhibit with the NSW planning department until 23 November 2021.

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About Warwick Petschack

Warwick has over 25 years of property investment and management experience. Principally responsible as Managing Director for Capital Management Australia and Joint Managing Director for Chauvel Capital Partners and Editor of Australian Property Markets News.

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