Western Sydney apartment player Dyldam has been given approval for two major projects in the city's west and northwest, on former pub sites, worth more than $400 million.
The Sydney West Central Planning Panel has approved the developer's plans to build a total of about 375 apartments at the former Lone Star Tavern at 5-7 Parkes Street in Parramatta and the once iconic Bull & Bush Hotel at 360 Windsor Road, Baulkham Hills.
The $260 million Bull & Bush project will be a major transformation; Dyldam is planning a new town centre with a mix of residential, retail and civic uses on the 9250square metre site. The developer will retain and upgrade the pub for locals.
"Dyldam has been an active member of the Hills community for almost two decades," Dyldam boss Sam Fayad said.
"Until now, Windsor Road has been a major thoroughfare between Parramatta and the Hills District. This development will become the beating heart of Baulkham Hills, offering the convenience of city living within the beauty of the Hills District."
Plans also include three residential buildings between eight to 15 storeys yielding 200 apartments and 4890sq m of retail and commercial space. With Mako architects, Dyldam will also provide 2500sq m in public amenities including a new library.In late 2015, Dyldam bought the Bull & Bush pub site in Baulkham Hills from the Paul Irvin Hotel Group for $50 million.At the 2016sq m former Lone Star Tavern site at Parkes Street, next to Parramatta's Jubilee Park, Dyldam has plans to put up a $150 million 175-apartment project called SOLSTICE.Tony Caro Architecture, Aleksandar Design Group and Order Architects will design the project.
Dyldam has been busy building a big western Sydney pipeline of developments during the boom in the past few years. The group scooped up the coveted Auto Alley site in Parramatta from the Heartland Group for about $150 million in late 2015, beating the likes of AV Jennings.It received approval for a $600 million 800-apartment mixed use project at the site last year.It still has other major western Sydney sites with mixed use development potential, including the Parklea Markets, 40 kilometres north of the Sydney CBD, which it acquired for more than $80 million last year.The 21.6-hectare property off Sunnyholt Road could undergo a $1 billion redevelopment.
Dyldam, founded by Joe Khattar, has also invested in projects with Chinese capital partner Beijing Capital.
