Aidan Devine
Updated 18 Feb 2026, 10:27am
First published 18 Feb 2026, 10:16am
A computer generated image of what the new Marrickville timberyards will look like.
A massive redevelopment project of the Marrickville Timberyards has been given the green light in a move that will transform one of the inner west’s biggest industrial sites into a new neighbourhood.
In a move set to reshape the inner west’s property landscape, developer The Living Company has secured approval for the $1.5 billion redevelopment, which will unlock a vast site for the delivery of critical rental stock and more.
The project is one of the most ambitious rental developments in Australia.
It will transform a 2.2-hectare site previously inaccessible to the public into what the developer has described as a “neo-industrial neighbourhood” 6km from the Sydney CBD.
The site will include build to rent housing.
At the heart of the development is a promise to alleviate pressure on Sydney’s tight rental market.
The precinct will deliver 1,166 purpose-built rental homes spread across seven buildings.
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These will range from studios to four-bedroom apartments, catering to those priced out of the traditional housing market.
Stephen Gaitanos, founder and joint CEO of The Living Company, described the approval as a pivotal moment for urban renewal in the area.
“Marrickville Timberyards represents a novel and necessary opportunity to deliver high-quality, long-term rental housing,” Mr Gaitanos said.
“This approval allows us to unlock a site that has been closed off for decades and return it to the people of Marrickville as a vibrant, inclusive and future-ready neighbourhood.”
Marrickville has been one of the tightest supplied markets in Sydney. Picture by Max Mason-Hubers
The plans include 10,200 sqm of new public open space, activated by high-street retail, co-working spaces, and community amenities.
A dedicated 225 sqm creative hub will host an artist-in-residence program, and local artists will be commissioned for public art installations to ensure the precinct retains a distinct local character.
The site is also prioritising sustainability. The development targets a 4 Star Green Star rating and will feature EV infrastructure.
A carshare scheme will provide electric vehicles exclusively for residents.
Demolition is scheduled to begin in February 2026.
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An artist’s impression of the plans for the precinct in Marrickville.
The first influx of residents is expected in late 2028, with 661 dwellings slated to open in the fourth quarter, followed by another 513 homes by the second quarter of 2029.
Backed by major institutional investors Bouwinvest, APG, and NPS, the project is part of a broader strategy by The Living Company to build a portfolio of 10,000 build-to-rent homes by 2035.
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