Newmarket is located in Randwick which is 6 kilometres south-east of the Sydney Central Business District and located within the sought after Eastern Suburbs. The property is surrounded by University of NSW, Randwick Boys and Randwick Girls High Schools, Rainbow Street Primary School and Randwick Hospital Precinct including the Prince of Wales, the Royal Children’s Hospital and the Sydney Women’s Hospital.
The Newmarket development is over 5 hectares in size and will be an unprecedented offering in Randwick, providing 642 residential dwellings and approximately 2,300sqm of commercial/retail accommodation. The masterplan comprises 17 residential apartment buildings ranging from 3 to 8-storeys to be developed in three stages. Stage 1 is now complete consisting of Newmarket Residences, Inglis Park and Figtree Pocket. Stage 2 is anticipated to begin construction in late 2021 with visionary workshops underway for stage 3.
Cbus Property will include terraced lawn seating, a large open green space, a community barbecue and seating area with a series of outdoor garden rooms as part of the 5,000sqm public park. It is also envisioned the existing Sales Ring structure will be retained and transformed into a large children’s playground in another nod to the important history of the site.