Two new mid-rise apartment towers could rise in Sydney's Olympic Park after Mirvac Group signed an agreement to build in the precinct. The 12,700m² site could deliver up to 400 apartments across the two towers with construction expected to be complete by 2019.
John Carfi, Mirvac's residential development chief, said the Sydney Olympc Park precinct was emerging as a residential area with affordable apartments. "We expect strong interest in this project due to the site's close proximity to train, bus and ferry services, world-class sporting and recreation facilities, employment precincts, schools and regional shopping centres," he said. " The Project agreement is in line with our strategy to develop affordable product in infill ring locations which are supported by good amenitiy." Mirvac owns the Rhodes Waterside Shopping Centre, which also includes a medium-density residential development.
Source: The Australian - Monday 10th November 2014