A $785 million plan to turn the Royal Institute of Deaf and Blind Children’s site at North Rocks, in the Hills District of Sydney, into a village with 1000 new homes including a major senior housing and aged care facility has been unveiled.
EG, which is investing $4.3 billion in real estate on behalf of super funds and private wealth clients, has agreed to buy the almost 13 hectare site from the RIDBC. It will submit a major planning proposal to Parramatta Council and the NSW Planning Department this week.
The major project — expected to be delivered as part of a 15 to 20-year masterplan — proposes the construction of 14 residential buildings ranging from four to seven storeys on the site. It will include the senior housing and aged care facility and 245 townhouses and detached homes.
The RIDBC has agreed to relocate its NextSense Centre of Excellence to Macquarie University in a $74 million development, which was approved by NSW Planning Minister Rob Stokes earlier this month.
“For 60 years the site has been almost exclusively used for the important work done by the RIDBC,” said EG urban and community planning director David Workman.
“But now we have an opportunity to unlock this incredible space for the entire community to create not only a residential village but public spaces and facilities for everyone to enjoy.”