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Mirvac plans A$2B mixed-use project in Sydney suburb

Mirvac Group, in cooperation with land owner NVT Group, is moving ahead with plans for a A$2 billion mixed-use estate in the Sydney suburb of Marrickville, even after a politician called the project a "massive overdevelopment."

Shadow Minister for Infrastructure, Transport, Cities and Regional Development Anthony Albanese was quoted by The Australian as saying that he told the listed developer that the Marrickville project "is greed gone mad."

At the Carrington Road site, towers of 30 stories high are intended to be built, the publication noted Oct. 12, adding that the project is expected to include the construction of 2,600 apartments. For the project, Mirvac started a design competition with the winner to be announced early 2018.

The publication also said the company has filed an application to develop a mixed-use tower in the business and residential district of Chatswood in Sydney. It will have 320 apartments, roughly 11,000 square meters of office space and 1,000 square meters of shops, even though the local council pushed for a dedicated office tower.