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Construction signals renewed energy in Norwest

Changes in the view at Norwest Lake signals that the transformation of Sydney’s Norwest from hugely successful business park into a thriving urban hub is edging closer.

Construction has commenced at the suburb’s first integrated resort-style development – Esplanade on Norwest Lake, with development manager Capital Bluestone celebrating the project’s groundbreaking with a breakfast event late last year (Oct 2017), spurring the site into a summer of activity.

The transformation of the site – formerly the Sydney Ice Rink – includes removing more than 6,400 tonnes of concrete and 400 tonnes of steel to recycling before builder Westbourne Constructions moves in.

Capital Bluestone Executive Chairman Steve Grant said progress at the Esplanade site and key infrastructure projects like the North West Rail link heralded an exciting future for the business park.

“I’ve always advocated that infrastructure is a critical ingredient in price growth and Esplanade sits within an easy walk of the new Norwest station.

“Through game-changing residential developments like the resort-style Esplanade, Norwest is entering a time that will shift the area’s status as solely a business park to a lifestyle destination and urban hub,” he said.

Esplanade is the first integrated development of its kind in Norwest, with a diverse mix of apartments, a host of resident-only features including an outdoor cinema, three levels of boutique workspaces, waterfront dining and retail areas set on a revitalised public boardwalk.

But Mr Grant, widely considered one of the key architects behind the Norwest success story, admits even he didn’t immediately ‘get’ what the future could hold for the area when he first laid eyes on it.

He recalls that it took months of him driving past the paddocks that were to become Norwest Business Park before he first paid attention to it in the 1990s.

“The truth is I was always too busy to go and have a look at it. I’d drive around it, and I wouldn’t get it. But when I actually went into the sub-division, it all came to life for me and I could see where it was headed.

“I think it’s just kind of that place – you really have to see it to understand it. There would be plenty of people who might have heard about it but just dismissed it or couldn’t envisage what it’s fast becoming.

For Mr Grant, the construction activity at the Solent Circuit brings renewed energy to Norwest.

“People will see the momentum. We think this is a very exciting time, not just for Esplanade but for Norwest. We’re on the edge of a massive and very positive change,” he said.

Remaining two-bedroom apartments at Esplanade are available from $825,000 to $1,030,000 and three-bedroom units ranging from $1,185,000 to $1,320,000. Newly released one-bedroom apartments perfect for investors and first home buyers are now available.

The exclusive penthouse collection at Esplanade has just been released to market. These family-sized vertical homes in the sky include three-metre-high ceilings, wintergardens to enjoy the expansive balconies all year round and luxurious finishes. The penthouse collection is priced between $2,000,000 and $2,950,000.

For more information, visit esplanadenorwest.com.au, call 1800 088 800 or visit the sales suite with a newly refurbished full-size two-bedroom display apartment at 11 Solent Circuit, Baulkham Hills, from noon to 3pm seven days a week (or by private appointment).

ABOUT CAPITAL BLUESTONE

Over the course of the past 27 years, Capital Bluestone has delivered more than $2.5 billion in total project completions and has a current project pipeline of more than $2 billion. This includes a $700m portfolio of 45 projects at Norwest, accommodating the workspace needs of more than 1000 businesses.

The group has more recently earned a market reputation for its approach to community-focused development, with its flagship $750m Sutherland Shire project Woolooware Bay Town Centre. The project will deliver more than 600 apartments, a new shopping, dining and entertainment precinct and a rejuvenated new Club environment for joint venture partner the Cronulla Sutherland Leagues Club.

The project sold out all 460 available apartments in 2015, with Stage 1 now complete and occupied; and Stage 2 to be delivered early 2018. New apartments in Stage 3 – the final release in Woolooware Bay’s western precinct – have just been released to the market and attracted many repeat and referral buyers from the local area.

Construction is well underway at Capital Bluestone’s near sold out 220-apartment development Veridian at Kogarah, to be delivered in partnership with Kogarah RSL.

As development manager for Esplanade Norwest Lake the business has worked with the community, council and business owners within the area to ensure the project fits with existing buildings but also brings about a renewed energy and sets a new benchmark for future projects within the area. Other key projects in planning stages include work with Bondi Junction RSL, Wahroonga Estate and Parramatta Mission.

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For further information contact:

Holly Reynolds            Left Field Public Relations       0409462112          holly@leftfield.com.au

Stephanie Mearns       Left Field Public Relations       0450250061  stephanie@leftfield.com.au

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