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  • Heath Parkes-Hupton, Urbain Affairs
  • Southern Courier

 

Botany could be the new Redfern, according to Toplace’s Sam Kandil. Toplace Group is in the midst of building its $260 million Pemberton on the Park mixed-use development, which will add 293 apartments to Wilson and Pemberton streets.

There will be a 3200sq m public park anchoring the development made up of three mid-rise buildings and two retail spaces.

It is being built within Toplace’s Park Grove masterplanned precinct, which will eventually comprise 1000 new dwellings near Botany’s industrial district.

Mr Kandil, Toplace’s head of project marketing, likened investment in the area to the gentrification of Redfern — which he said went from one of Sydney’s least desirable suburbs to a trendy location.

“A similar story can be told for Botany,” he said.

“Slowly over time, the flow on effect from neighbouring more prosperous suburbs, slowly drives attractiveness of less desirable suburbs nearby.

“In as little as five years, Botany has moved from being the ugly duckling of the south to now emerging as the beautiful waterfront ‘swan’ by the bay … as it becomes more gentrified and family-friendly.”

The former Botany Bay local government area has seen an influx of development in recent years.

Australia’s biggest development project, the $3 billion Pagewood Green, will add almost 4000 apartments to Eastgardens.

Nearby Eastlakes Live will inject another 568 dwellings in a masterplanned precinct in Eastlakes town centre at a cost of $1 billion.

Work on Pemberton on the Park is expected to be completed in mid-2020.


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