The NSW Government is continuing to support the building industry as Australia recovers from the COVID-19 pandemic, with the construction of a $55 million residential project in West Ryde delivering housing, jobs and economic activity.
The development, led by NSW Land and Housing Corporation (LAHC) and its partners, will provide homes for around 285 people, with 120 private units and 30 social housing residences creating 280 jobs during its three-year build.
LAHC Chief Executive Mick Cassel said that the construction of new homes at West Ryde demonstrates the NSW Government’s commitment to reinvigorating the building sector.
“With the COVID 19 pandemic taking its toll on everyone, it’s reassuring to see projects like this progress, helping to keep the economy moving through employment and investment,” Mr Cassel said.
“This development is a great example of how well-located government assets can be used to deliver new and modern homes which strengthen the community and provide security to those who need it.”
The development which consists of three buildings, each with accessible access, three levels of underground parking and quality landscaped outdoor spaces. Located near West Ryde train station the project is expected to be complete by 2024.
Mr Cassel said that it’s encouraging to see the NSW Government and its construction partners pushing ahead with these much-needed commitments.
“To see a vacant site transformed into a safe and comfortable residential precinct, close to public transport, community facilities and shopping precincts is a success for everyone.”