Work Starts on Prestige Project in Randwick
The transformation of Randwick’s historical Inglis Newmarket racing stables and saleyards site into a multimillion-dollar residential development officially began on Thursday with a sod-turning ceremony.
Fig Tree Pocket and Newmarket Residences, the first stage of the Newmarket Randwick master plan, is set for completion in 2020 and will be built by construction company, Ganellen.
Chris Ahern, Ganellen’s commercial director, said Newmarket Randwick was the third biggest project his company had undertaken and will involve up to 400 builders.
Ganellen has longstanding links to Randwick, with the CEO and managing director having both been captains of Randwick Boys High School and Randwick North High School.
“We are entrenched in the local community and it is great to be part of a major project that is in our personal backyards,” Mr Ahern said.
The development will be home to 612 apartments and 30 terraces over three stages. There will also be various shops, cafes, gardens and 5000 sqm of parks and open space. The site dates back to the 1860s and the project will retain many heritage features including 100-year-old fig trees and the Newmarket Stable.