Coronation Property has secured development approval for Ashbury Terraces, their contemporary terrace and apartment development in Sydney’s inner west.
Construction is soon to start on the 15,365 sqm former industrial site in the heritage conservation suburb of Ashbury, with the Canterbury Bankstown Council giving Coronation the green light for the project in early June.
Ashbury Terraces will mark Coronation’s first foray into Sydney’s inner west market.
Coronation Property‘s Head of Urban Transformations, Aras Labutis, said that while the project delivers something new to the area, the focus was on keeping with the existing heritage topography.
“Since plans were submitted, we have worked closely with Canterbury Bankstown Council and town planners, designers, engineers and architects to ensure the design reflects the rich history of the site and responds to the community’s aspirations for a considerate development that enhances the suburb’s charm” said Labutis.
The $200 million Ashbury Terraces will deliver a collection of three-bedroom terrace homes, along with three exclusive penthouses, with the stage one release of 59 residences selling now.
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