Chinese step up plans for Channel 9 studio site
The Channel 9 studios site where LEPC9 plans to add 110 extra apartments.
The Chinese developers of the former Channel 9 site in Sydney’s Willoughby are pressing ahead with plans to add more than 100 extra apartments to the site by boosting the number of buildings and increasing height limits by at least four levels.
The company known as LEPC9, which is backed by two major Chinese groups, is seeking to add an extra 110 apartments to the 6-30 Artarmon Road development site in Sydney’s north, bringing the total number of units to 510 inthe 3-hectare site.
The developers also want to replace the original concept approval from seven buildings with three to eight storeys to 10 buildings ranging from four to 12 stories.
The Department of Planning and Environment put the proposals by LEPC9, which is controlled by locally based Lotus Property Fund No 8 and Hong Kong-based Euro Properties, up for public consultation last Friday.
LEPC9 purchased the site from the media company last year for about $147.5 million.
It has since told the department that it plans to increase the maximum gross floor area from 38,886sq m to 45,876sq m as well as amending the approved site access and internal road layout.
LEPC9 also plan to increase open space by at least 36 per cent. The amended configuration and layout would be supported by upgrades to the local road network.
The developer claims adding 110 extra apartments to the site will deliver a better outcome for the community.
Meanwhile, Channel 9 is tipped to move closer to the Sydney CBD and is reportedly considering the Fox Studios site on the edge of Centennial Park.