A once-industrial corner of Erskineville is about to change in a big way, as Coronation Property prepares to build more than 1,000 new rental homes on a five-hectare site near Sydney’s Inner West. The $2.3-billion project, called Erskineville Village, will turn the area into a new community hub, complete with housing, public green spaces and shared amenities designed to bring neighbours together.
Approved by the City of Sydney, the project includes 1,075 rental apartments, with 169 set aside for affordable housing. The design will feature open-air kitchens, gardens, an outdoor cinema, and communal workspaces.
A new public park — McPherson Park — will offer about 7,500 square metres of green space, while street-level cafés, shops, and small businesses will form part of the village atmosphere.
The site, located at the former Ashmore estate along 155 Mitchell Road and just 4km from the CBD, is one of the last undeveloped land parcels of its size in the city. The location connects closely to nearby tech and creative hubs in Alexandria and Waterloo, helping balance housing supply near key employment areas.
Coronation Property purchased the site in 2022 for $315 million from developer Greenland Golden Horse. It later revealed plans to transform it into a purpose-built rental precinct that aligns with Sydney’s housing and urban renewal goals.
Design firms Bates Smart and BVN will lead the project’s architecture after winning the city’s design excellence competition. The firms’ approach focuses on sustainable construction, walkability, and community-centred design — features expected to reshape how residents experience high-density living. According to the developers, the project will be built in stages and is on track for completion by late 2027.
Coronation’s managing director Joe Nahas has said the project reflects the company’s ongoing mission to transform underutilised city spaces into liveable neighbourhoods that balance housing with public benefit. The developer’s build-to-rent arm, Nation, will manage the residential component, ensuring consistent standards and tenant services across the community.
This marks one of Sydney’s largest build-to-rent (BtR) initiatives to date — a model where developments are designed specifically for renters rather than individual sale. The approach aims to improve long-term rental stability and access to well-maintained homes at a time when housing demand continues to rise.
Published 27-Oct-2025
