Orana No.1 at dream Destination

Construction is in full swing at a master-planned Macquarie Park project which the Meriton group says will be an ‘island’ haven standing apart from other residential developments in the suburb.

The four-stage Destination ultimately will house 3500 people and is intended to be a Macquarie Park market leader.

Meriton, the nation’s largest developer of apartments, says the location is a dream one in an area that has surged in popularity.

Director of sales James Sialepis says Destination will be a pacesetter that offers its residents refreshing tranquillity in a corner of Macquarie Park that is ‘remote’ from the suburb’s more densely developed areas yet close to all the amenity that makes Macquarie Park such a special place to reside in.

“The icing on the cake are the views, which take in the Sydney CBD 13km away and uninterrupted never to be built out views of Lane Cove National Park, which is nearby.”

The first stage 27 level Orana, is starting to climb skyward on a 2.37-hectare site across from the Macquarie shopping centre, one of the largest in the southern hemisphere, and on the doorstep of Macquarie University and the Macquarie Park Metro station.

Orana will include an 80-place childcare centre and three retail tenancies.

Its 219 homes start at $635,000, and buyers have an array of living choices.

Six townhouse-style apartments will have rooftop terraces akin to backyards, with turfed areas, and direct access from courtyards to podium gardens.

Orana will be crowned by five four-bedroom penthouses, also with rooftop terraces.

Mr Sialepis says capitalising on remarkable views was paramount during the design of Orana by architect DKO.

“Those picture-postcard views are highlighted by floor-to-ceiling glass and residents also will be able to sit on generous balconies and soak them up.”

The Orana’s one, two and three-bedroom apartments and townhouses will have internal areas of between 54 and 105sqm, many will have studies or media areas, and some will have two parking bays in the ground-level undercover parking area.

Residents will enjoy lifestyle facilities that include a gymnasium, 20-metre indoor pool, and spa and sauna.

Mr Sialepis says Macquarie Park is rapidly appearing on the radar of investors because the suburb ‘means business’.

“It’s home to Sydney’s second-largest office market and has enjoyed the fastest growth in stand-alone office employment of all major centres over the last two decades.

“That growth rate is coming in at 6.6 per cent a year, which means more jobs and a swelling demand for housing, including rentals.”

Mr Sialepis said Macquarie Park was forecast to have 27,000 residents by 2036.

“That’s hardly surprising given that by then it’s expected to have 79,000 jobs.”

Macquarie Park has an economic output of $9.1 billion and ranks as Australia’s 10^th biggest location for economic output, behind North Sydney and Adelaide CBD.