St Mary's Development Feasibility
Updated: Dec 10, 2019
Client: Penerith City Council
AEC was commissioned by Penrith City Council to carry out Residential Development Feasibility Analysis to understand if the current FSR and building height controls under the Penrith Local Environment Plan 2010 facilitate feasible development within the St Marys Town Centre.
AEC carried out a detailed property market appraisal and tested a number of sample sites selected by Council to understand the commercial viability of development under existing planning controls.
AEC provided a set of recommendations (both planning and non-planning) to improve the market viability of residential development within the St Marys Town Centre.
The findings from the Feasibility Analysis will assist Penrith City Council in their upcoming review of the Penrith LEP