Newmarket Randwick, a landmark property development by Cbus Property, is currently transforming a much-loved heritage site with iconic yet sensitive design by some of Australia’s most highly regarded designers and architects, many of whom are long-term locals.
Established in the early 1860s, Newmarket has been a significant part of Randwick’s racing heritage since its inception. Built circa 1880, the Big Stable sits on the peaceful southern boundary where it has housed thousands of racehorses over the last 130 years. Now it begins a new chapter as part of an exquisite precinct in Randwick's most desirable new neighbourhood. The Big Stable will be gifted to Randwick City Council for community uses.
The Newmarket Team are committed to the project, and passionate about the suburb precisely because they are locals, including Cbus Property’s Mark Percy who has lived in the eastern suburbs all his life.
“Because I grew up and went to school in Randwick and have lived in Coogee for over 35 years, I’m dedicated to ensuring the project is the best of its kind,” says Mark Percy, Executive Manager, Residential, Cbus Property. “When this property became available for sale, I was excited at the prospect of being able to create a masterplanned community of high quality apartments in an area that is so very special to me. The natural beauty of Newmarket will be respected and preserved”.
To pay homage to the historic site, Cbus Property has curated a team of Australia's most innovative and highly regarded architects and designers – Bates Smart, Arcadia, Neeson Murcutt Architects, SJB Architects and Smart Design Studio.
Architect, William Smart, has lived in the Eastern Suburbs for 22 years. “I love the character and village atmosphere of these older, denser suburbs,” he explains.
Likewise, landscape designer, Alex Longley, is also a local. “I grew up in Randwick and love its proximity to the beach, beautiful parks, great cafes, restaurants and most importantly, Randwick Rugby Club!” He says. “When I was little, my grandmother (daughter of famous horse trainer, Daniel Lewis) took me to visit the Newmarket Stables and we’d spend hours watching the horses parade in the sales ring. When I heard the site was to be redeveloped, I was driven to ensure Arcadia was the landscape architect chosen to shape the open spaces.”
Cbus Property have also appointed local builders, Ganellan, to construct the project. Nick Kodos, Managing Director, has lived in the Randwick Council area all his life, attending Clovelly Public and Randwick Boys School, where he was School Captain. “My entire career in construction has been with Ganellen, Nick says. “I started as a cadet and in 2013 became Managing Director. Along the way I completed my MBA at UNSW and represented the University in State League football. I’ve never left Randwick, and never will!”
Stage 1 of the project is currently on the market through Colliers International, including Newmarket Residencesdesigned by Bates Smart and Figtree Pocketdesigned by Smart Design Studio.