By Grant Jones
Mirvac will develop 55 units for over 55s, plus disabled people, on Waverley Bowling Club in Sydney’s eastern suburbs for Easts Group, the owner of NRL club Sydney Roosters.
Mirvac plans to redevelop the 1-hectare site after being contracted to buy it late last year after an expressions-of-interest campaign.
Industry sources told the AFR that the 10,646-square-metre site is worth about $30 million with the project expected to cost $83 million.
Mirvac plans show a lifestyle precinct and social hub with development consent for a new bowling club facility featuring a championship bowling green, synthetic green and cafe alongside landscaping gardens, and 55 premium apartments for over 55s. The project has been managed by Hamptons Property Services and designed by Altis Architects, with JLL marketing the development.
Rooftop solar panels, green roofs, electric vehicle charging and energy and water-efficient appliances are among a range of sustainability features included in the development plans for the new precinct.
Easts Group retains ownership of the club, greens and the 77-car underground parking facility for members.
Mirvac Head of Residential, Stuart Penklis, said it was an exciting opportunity to create an exceptional new community and residential precinct for a specific demographic, and one that is much needed in the area.
Mirvac Head of Residential Stuart Penklis
We look forward to working with the Easts Group to unlock the site’s special potential and deliver yet another legacy project for Members and the community
“We look forward to working with the Easts Group to unlock the site’s special potential and deliver yet another legacy project for Members and the community,” he said.
“Our vision is to celebrate the site’s unique heritage while setting new benchmarks for innovation, sustainability and the high-quality built form for which Mirvac is known.
“The agreement with the Easts Group is consistent with our strategy to extend our pipeline with projects that can deliver the right product in the right location at the right price.
“We look forward to drawing on our extensive local knowledge and understanding of the area and working with the Easts Group and Waverley Council to deliver this landmark community,” Mr Penklis added.
Easts Group CEO Joe Kelly said this is wonderful news for Members, and that Mirvac was the ideal partner to deliver this project as a new social hub and heart of the community.
“We are delighted to have the opportunity to work with Mirvac to deliver a vibrant new facility for Waverley. Mirvac’s reputation for excellence and proven success at delivering high calibre projects in the eastern suburbs means that they are perfectly positioned to reimagine this iconic location for the future,” said Mr Kelly.
“Waverley Bowling Club has a long and rich history, and it’s exciting to know that our Members and local community will have a contemporary club to call home when it opens in mid-2023, coinciding with the Club’s 130th anniversary.”
Construction is expected to begin mid-2021.
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