Penway Place on its way
- Details
- Written by: Philippa Borland Penrith City Council (02) 4732 7777 (02) 4732 7958 council@penrithcity.nsw.gov.au https://www.penrithcity.nsw.gov.au 601 High St Penrith NSW 2750 Australia
Property Group Toga has secured approval for the first stage of its apartment project in Penrith.
The residential developer lodged its application for the $63.5 million Penway Place project in May last year.
Construction will start next year. The first stage of the development will include 81 apartments within two residential towers atop a three-storey podium with ground level retail and car parking.
“Penrith presented a unique opportunity for Toga to contribute to one of NSW’s fastest-growing cities,” Toga chief executive Fabrizio Perilli told the Urban Developer.
Toga paid around $17 million for the Penrith sites, amalgamating three sites across High Street and Union Road for the development in December 2014.
Toga says construction will start next year. The first stage of the development will include 81 apartments within two residential towers atop a three-storey podium with ground level retail and car parking.
Read more about the Toga development.
Image: Proposed apartments.by Toga Property Group