Just months after purchasing the site, ALAND has begun construction work on their newest development located on the corner of Hoxton Park Road and Hume Highway in Liverpool, a suburb in Sydney’s South-west.
The site, which is well-known to the local community was excavated by the original developer almost two decades ago, however construction stopped in 2002. Since then, the site has been sold and purchased by another developer, who made no progress, before ALAND acquired it late last year. ALAND have already erected the first of two tower cranes and expect the building to begin peeking through the Liverpool skyline by mid-April.
“Following previous success in Liverpool, ALAND saw an opportunity to transform the site into a vibrant mixed-use development to benefit the growing community,” ALAND Head of Development Ryan Lane said.
Located on 6 Gillespie Street the development, which is known as The Hoxton, will be comprised of over 300 apartments across three buildings including a 32-storey tower. Residents will also have access to a range of communal amenities such as rooftop gardens with barbeque facilities and a courtyard on the ground floor.
Forty per cent of apartments in The Hoxton have already been sold after just two months on the market, making the development one of the most sought-after residential addresses in Sydney right now.
“The fact that we’ve achieved excellent sales results over the last few months is a show of market’s confidence in ALAND and in the quality of our products. This combined with the expected growth flagged for the Liverpool area makes it an excellent opportunity for buyers currently in the market.” Mr Lane said.
The Liverpool area is expected to grow rapidly over the next decade, boosted by a slate of infrastructure projects that will bring employment opportunities and provide faster access to the Sydney CBD. In 2019, the NSW government said that population growth for the area was expected to increase 26 per cent over the next decade.