The Grand by Crown Group Retail entrance March 2021
Apr
15
2021

EASTLAKES EMERGING AS SYDNEY’S LATEST URBAN GROWTH AREA

‘THE GRAND’ STAGE ONE – A NEW APARTMENT AND RETAIL PRECINCT SET TO OPEN IN JULY

24 MARCH 2020 – Eastlakes in Sydney’s southern eastern suburbs is fast becoming the city’s new growth area as Stage One of Crown Group’s $1 billion residential and retail master-planned community, The Grand, formerly known as Eastlakes LIVE, nears completion with three towers topped out and seven new retailers poised to move into The Grand Shopping Centre by July this year.

Another five retailers are in advanced negotiations on space in the centre with expectations that it will be fully leased upon opening.

This marks a major milestone for the most exciting residential and retail development the area has seen in decades. It also marks the creation of the tallest building in the suburb.

The first stage of The Grand Shopping Centre comprising 2800sqm of retail space and 15 outlets will open progressively with a new, larger format ALDI, the first retailer to open in late May/early June.

Other retailers including a Woolworths Metro, Sushi Row, Ausome Nails, Hatch Espresso, Wholelife Pharmacy, Reni’s Car Wash and an Australia Post/Newsagency outlet will open in July.

The Stage One shopping centre will sit below a residential component where 133 apartments will soon be completed, spanning three buildings on the north side of the development. A second residential and retail precinct offering 65 or more stores and dining outlets will start construction next year.

Both will form a new and exciting shopping centre called The Grand, which replaces the 1960’s-built Eastlakes Shopping Centre, which is still currently operating. The new retail and dining precinct, with interiors by Buchan, is set to transform the area into a destination in itself.

Crown Group’s The Grand precinct features a stunning design by internationally acclaimed architects Francis-Jones Morehen Thorp (fjmt).

It will deliver 490 luxury apartments and at its heart will be a new town centre and up to 80 restaurants, cafes, shops and supermarkets when fully complete.

Crown Group Chairman and Group CEO Iwan Sunito said The Grand was the largest single development in the inner east, forming the most significant catalyst for growth for the area.

“As the Waterloo and Green Square areas have become almost fully developed, it’s quite natural for the next growth area to emerge, and with the development of new apartments and a new shopping centre with up to 80 retail outlets to come, Eastlakes is cementing its place as the next growth area.”

Crown Group Chief Operating Officer Pierre Abrahamse said it was exciting to see progress on the development taking shape on the most anticipated development the area had seen.

“We will soon be able to welcome potential buyers to view completed apartments and to tour the new shopping centre in stage one,” he said. “Having a completed product that they can touch and feel makes an enormous difference in the buying decision, coupled with the convenience of an array of retail shopping and convenient dining immediately downstairs from one’s home.”

ABOUT THE GRAND BY CROWN GROUP PROJECT

Construction began on Stage One of The Grand by Crown Group in October 2018 and is expected to be completed in mid-2021. Stage One will comprise three buildings on the north side of the development, with a total of 133 spacious one, two and three-bedroom apartments including four luxurious penthouses.

It will also have a 2800sqm retail area below, offering 15 outlets including ALDI and Woolworths Metro, as well as a bakery, pharmacy, hair and beauty, sushi, newsagent/post office and a car wash.

Residents will have access to sophisticated resort-style health and fitness facilities including a swimming pool and gym. They will also have a rooftop entertainment area and landscaped gardens in which to socialise with friends, family and neighbours.

Stage Two plans include 357 new apartments across five buildings and a $150 million shopping centre. Its new town centre will add a beating heart to the development, providing a gathering place for locals and visitors, with a shopping centre that includes up to 65 stores and a full-line supermarket Woolworths.

It will have convenient parking accessible from Evans Avenue. A new eat street will offer an array of exciting restaurant and dining options alongside apartments set across five buildings. Construction of stage two will start in 2022.

Apartments are for sale from $749,000 to $1,953,000. The display centre is open daily by appointment at 19a Evans Avenue, Eastlakes.

 

For more information, visit www.crowngroup.com.au or phone 1800 853 162.

 

ENDS

 

Media Interviews

Crown Group Chief Operating Officer Pierre Abrahamse is available for interviews on request.

 

Crown Group Media Enquiries

Libby Conway, The Capital Group, 0439 076 835, libby@capital.com.au

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