A $1.5 billion redevelopment of the Marrickville Timberyards has received planning approval, clearing the way for the transformation of one of Sydney’s largest inner-west industrial sites into a new residential and community precinct.
The 2.2-hectare site in Marrickville, around 6km from the Sydney CBD, was previously owned by Danias Group before being sold. It will now be redeveloped by The Living Company into what the developer has described as a “neo-industrial neighbourhood.”
The project will deliver 1,166 purpose-built rental homes across seven buildings, ranging from studio apartments to four-bedroom residences, as part of a large-scale build-to-rent model designed to ease pressure on Sydney’s constrained rental market.
Plans for the precinct also include more than 10,000 square metres of public open space, along with street-level retail, co-working facilities and a range of community amenities.
A dedicated creative hub will host an artist-in-residence program and public art commissions, reinforcing the site’s local character.
Sustainability measures form a key part of the development, which is targeting a 4 Star Green Star rating and will include electric vehicle infrastructure and a residents-only electric car-share scheme.
Demolition is scheduled to begin in February 2026, with the first residents expected to move in from late 2028.
Backed by major institutional investors, the project forms part of The Living Company’s long-term strategy to deliver 10,000 build-to-rent homes nationally by 2035.
Source: realestate.com.au
