Only a day after Crown’s casino at Barangaroo won NSW government backing, the first two residential buildings at Barangaroo South have been given approval by the Department of Planning and Infrastructure.
The $100 million buildings, known as R8 and R9, are to be built by Lend Lease.
R8 will be 11 storeys and include 82 apartments, while R9 will be nine storeys and include 77 apartments.
CBRE chairman Justin Brown, whose company is selling the apartments, said that one-bedroom apartments will be priced from $1 million with two-bedders from about $2 million.
There will eventually be 700 apartments at Barangaroo South.
The $1 billion-plus hotel casino development from James Packer’s Crown at Barangaroo was given the green light last week to proceed to the next stage of approvals beating a substantially larger proposal by Echo Entertainment.
James Packer has also attacked Echo, his rivals in the Queensland gambling market, saying he wants to to spend up to $1.5 billion to build a similar facility to Barangaroo in Brisbane.
Mr Packer will soon meet again with Newman government officials to try to gain entry to the Queensland market.
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