City West Buys Inner-Sydney Affordable Housing Site
The Urban Developer
City West Housing has acquired a fourth site in inner Sydney to add to its affordable housing project pipeline.
The developer secured the 2440sq m site at 20-26 Bourke Road, Alexandria, via Colliers Sydney South and settlement took place this month for an undisclosed price.
The site is part of the Green Square, a 10-year project to create a 278ha precinct 3.5km from the Sydney CBD.
Green Square covers parts of five Sydney suburbs—Beaconsfield, Zetland, Rosebery, Alexandria and Waterloo—with public transport linking the CBD in under 10 minutes.
CoreLogic property data lists Bourke Road, Alexandria Pty Ltd as the previous owner of the site.
Friend to prime ministers and yachting enthusiast Denis O’Neil has sons named Jake, Ned and Toby who work at Addenbrooke, the property investment and development company that Denis founded more than 30 years ago.
The site is earmarked for a fourth affordable housing project, to be named Banksia, comprising 150 affordable rental apartments with an existing cafe, Mecca Coffee.