Leighton Properties on the home stretch – final stage of Erko approved and ready for release

East at Erko

Erskineville, rated one of Sydney’s most ‘in demand’ suburbs, is about to receive a boost to its housing stock.

Leighton Properties and LaSalle Investment Management have just received DA approval for the final stage of their popular Erko residential estate, with a release planned in March.

The much-anticipated final release will comprise 41 apartments in a seven-storey building on the eastern boundary, fronting Pearl and Metters Streets. It follows the success of the first two stages of the 1.6-hectare development comprising 263 apartments.

East at Erko will have a mixture of one bedroom, one bedroom plus study, and two bedroom apartments. Apartments will be priced from $495,000.

“Our central vision for Erko was creating a functional and sustainable community that complemented the established character of Erskineville,” said Gavin Tonnet, National Head of Residential at Leighton Properties. “We think we have fulfilled this aim.”

“We have a number of people on our waiting list for East at Erko who missed out on the earlier releases,” said Tim Rees from CBRE. “There is still a significant shortfall in inner-city housing, and Erskineville is one of Sydney’s best up and coming suburbs.”

Research by CBRE shows that the median price of an apartment in Erskineville has risen by 15.7% over the past year to December 2013, with forecasted population growth of 2.0% per annum to June 2016 for City of Sydney Local Government Area to assist capital growth.

Erskineville is among Sydney’s most convenient locations, being surrounded by arterial roads, well serviced by buses and trains, and close to Sydney Airport without being under the flight path. It is ideal for students and teachers, being handy to Sydney University, University of NSW, the University of Technology, the National Institute of Dramatic Art, the Newtown School of Performing Arts and the Sydney College of Applied Arts.
East at Erko designed by SJB in collaboration with DC8 Studio, has been designed with a compact profile, a rendered masonry façade and robust natural finishes.

“We’ve designed each apartment with an emphasis on open-plan living,” said Nick Hatzi from SJB Architects. “High ceilings and smart design create generous spaces while deep terraces and shading devices improve privacy and enable residents to modulate their environments.”

Completion of the first two stages of Erko is expected by the end of this year, along with new laneways, cycle paths, footpaths and public parks. Ashmore Terraces, comprising 16 Torrens Title terraces on the northern boundary of the site – will begin construction mid-year.

The East at Erko display suite is located on site at the corner of Bridge Street and Victoria Street in Erskineville. Further information is available at: http://www.eastaterko.com.au

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