Rent to Live Co. (RTL Co.) has taken a significant step towards realising Sydney’s largest build-to-rent development by lodging a State Significant Development Application (SSDA) for the $1.5 billion Timberyards project in Marrickville.
The ambitious mixed-use precinct aims to transform a 2.2-hectare former industrial site into a vibrant neo-industrial neighbourhood, addressing Sydney’s housing shortage and affordability crisis.
The Timberyards project, located in the heart of Sydney’s inner west, will feature seven buildings ranging from 8 to 13 storeys.
The development plans include 1,188 rental apartments, comprising 484 build-to-rent units, 589 co-living dwellings, and 115 affordable housing apartments.
Additionally, the precinct will offer 2,400 square metres of commercial and retail space, along with extensive communal areas for residents and the public.
RTL Co., a spin-off from student housing giant Scape, has secured backing from Dutch pension providers APG and Bouwinvest for this ambitious project.
Craig Carracher and Stephen Gaitanos, co-founders of Scape Australia, are spearheading the development through their new venture, RTL Co., with the aim to develop 10,000 apartments by 2030.
The project’s design team includes Turner Studio, Tribe Studio, Architecture AND, and other industry leaders, focusing on design excellence and community connection.
The development will retain an existing warehouse structure as a centrepiece, paying homage to the area’s industrial heritage.
Sustainability and cultural sensitivity are key aspects of the proposal, with the project aiming to create a global benchmark for precinct development.
The Timberyards will prioritise green travel, providing 726 bicycle spots and a car-share scheme for residents, capitalising on its proximity to Sydenham Station.
Jonathan Combley, RTL Co.’s development manager, emphasised the long-term vision for the project, stating: “We are developers, owners and operators. At (the) Timberyards, we will operate this in perpetuity.”
With the SSDA now lodged, the project will soon enter the public exhibition phase through the Department of Planning Housing and Infrastructure.
If approved, construction is expected to commence in early 2026, potentially reshaping Marrickville’s urban landscape and setting a new standard for build-to-rent developments in Australia.
