February 22, 2016
Capital Corporation, the private company credited with kick-starting and helping grow the 172-hectare Norwest business precinct, is yet again leading change with a brand new concept set to revolutionise the North West suburb.
Luxury apartments, waterfront restaurants reminiscent of open air dining strips at Cockle Bay or Woolloomooloo, high-end boutique work spaces and unprecedented communal facilities for residents are just some of the headline features of the proposed Esplanade development on Norwest Lake.
Plans are being finalised for the mixed-use project and it’s expected a development application will be lodged shortly.
“It’s time for Norwest to evolve into a more sophisticated lifestyle location. We’re proposing a great integrated approach that will transform this area yet again,” says Steve Grant, Managing Director of Capital Corporation. “Esplanade proposes the perfect blend of business and leisure – great boutique spaces to work, the ideal waterfront location for new and exciting restaurants, cafes, and above all of that, apartments that raise the bar when it comes to design and private spaces for residents,” he says. The twin tower project (comprised of a 19-storey and 20-storey building), has been designed by leading architectural firm Turner, and is to incorporate three main components; ground floor north-facing restaurants and retail overlooking Norwest Lake, work spaces with concierge services and a diverse mix of residential apartments with access to private communal facilities like a pool overlooking the lake, rooftop gardens, outdoor gym, cabanas, cinema, barbecues, quiet reflection spaces and even a putting green.
Turner Associate Director Kevin Driver says Esplanade will activate the waterfront and give Norwest a distinctly ‘busy, urban base’. “There is a magnetism that not only holds the elements within the development together, but also links it strongly to its environs, both near and far,” says Mr Driver. “Many of the elements capitalise on the expansive views, while others offer an exclusive sanctuary. Esplanade offers a unique lifestyle opportunity encapsulated within a single development,” Mr Driver said. Colliers International is taking early registrations of interest in the residential project, while PRDnationwide Commercial Norwest is managing commercial enquiries.
Colliers International National Residential Project Marketing Director Curtis Field says there is significant and growing demand from owner-occupiers and investors for high quality apartments in Sydney’s North West and Hills area. “Esplanade will bring a new standard of living to the area, including top end residential and a hub for a premium lifestyle that had previously never been offered. “The opportunity to live, work and play here is unprecedented. More importantly there are a lot of successful businesses and business people who operate out of Norwest. Many of them have large family homes and haven’t yet had the opportunity to enjoy a premium apartment lifestyle.”
PRDnationwide Commercial Norwest Director David Inkster says the new project takes Norwest to an entirely new level. “Norwest has established itself as a commercial powerhouse, and now we have a chance to reinvent the style of office space available and combine it with a first-of-kind entertainment, leisure and residential precinct,” he said. “We’ve already had some very positive feedback from investors and owner-occupiers looking for office space,” he said.
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