Saturday, 15 September 2018

Construction site for townhouses, Pyrmont

This gated site that sits behind a hoarding on Harris Street is located near the recently-renovated Terminus Hotel and has been gradually hollowed out over the past year. I wrote on 28 December last year about the sandstone blocks that Bundanoon Sandstone had been transporting away from the site on trucks.

In the photo, which was taken on 22 August, you can see the tradesman’s utility vehicle parked at the bottom of the hole they have made in preparation for building 14 townhouses in coming months. The development has been pragmatically named ‘New Life Pyrmont’ and is designed by architects Tzannes. The units will have their addresses on Harris Street and, parallel to it, on Mount Street, which is a dead-end.  They are being financed by TWT Property Group, which used to be known as Auswin TWT.

There was a story about the units published by the Australian Financial Review on 16 July 2016, in which it was estimated that the units would be on sale for over $5 million each. They will each be large in size at 325 to 410 square metres.


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