Ceerose has lodged plans for a 203-apartment project at 40-76 William Street in Leichhardt, with a spot rezoning to lift the site’s FSR from 0.5:1 to 3.1:1 proposed.
The 6,930 sqm site sits at the corner of William and North Streets, about 5km west of the Sydney CBD. It currently contains a collection of former industrial warehouse buildings, including the Cyclops Toy and Bicycle Factory, which is partially being retained and adaptively reused as part of the design by Woods Bagot.
The site is zoned R1 General Residential, but the existing industrial use is prohibited, meaning the rezoning is as much about cleaning up the planning status as it is unlocking much-needed additional density.
The scheme delivers 203 apartments across five buildings ranging from 5-11 storeys, with a maximum building height of 42.2 metres. The unit mix skews heavily to two-bedrooms – 131 of the 203 apartments.
The site is beautifully located just south of City West Link and north of Parramatta Road – a corridor the NSW government has flagged for significant densification under its urban transformation strategy, targeting up to 20-storey developments and 8,000 new homes across the broader precinct.
Total GFA is 21,483 sqm with an estimated development cost of $97.3 million.
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