Deicorp’s $435M Marquet & Mary Tower in Rhodes Gets Planning Approval

Deicorp's Marquet & Mary Corner Streetside Activation (Image: Fender Katsalidis)
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Rhodes in Sydney will welcome a new 32-Storey mixed-use tower as Deicorp’s Ambitious Marquet & Mary has been approved. Designed by the esteemed Australian multidisciplinary design firm FK (Fender Katsalidis), the $435 million project has been greenlit by the Sydney Eastern City Planning Panel.

This development, selected by an expert design jury last year, will feature an elegant tower with 214 apartments above a four-storey podium. The podium will house retail and commercial spaces, a community rooftop terrace and garden, and a residential courtyard. Located at 1-9 Marqyett Street in central Rhodes, the project will feature a variety of unit types, with 48-one bedroom, 122-two and 44-three bedrooms options for buyers to secure.

^Deicorp's Ambitious Marquet & Mary, designed by the esteemed Australian multidisciplinary design firm FK (Image: Fender Katsalidis)
^Deicorp’s Ambitious Marquet & Mary Streetscape, designed by the esteemed Australian multidisciplinary design firm FK (Image: Fender Katsalidis)

Deicorp’s Chairman, Fouad Deiri OAM, expressed his satisfaction with the panel’s approval, highlighting the project’s potential to enhance the Rhodes community.

“Deicorp is very excited to have been given the go-ahead for this landmark building, which
will bring much needed new homes to the heart of Rhodes.”
“Designed by one of Australia’s leading design practices, FK, Marquet & Mary delivers
on Deicorp’s business values of strong design and high-quality amenity,” Mr Deiri said.

FK Partner Craig Baudin commented on the approval, stressing the critical importance of swift approvals in today’s housing market.

“Canada Bay City Council’s swift approval of the DA underscores the recognition that this project goes beyond simply providing much-needed housing. It also completes a crucial missing piece in the precinct – the revitalisation of an underutilised low-rise lot.”
“With this momentum, the DA approval paves the way for delivering a transformative project for Rhodes,” he added.

Strategically located at the intersection of Marquet and Mary streets, the project is set in the vibrant Rhodes peninsula, a hub of shopping, dining, leisure, and transport options, including the nearby Rhodes train station. The tree-lined, walkable neighborhood adds to the appeal of the location.

^Deicorp's Marquet & Mary (Image: Fender Katsalidis)
^Deicorp’s Marquet & Mary (Image: Fender Katsalidis)

The design by FK, which won the 2023 design excellence competition, was lauded for its public plaza at the southern entrance and the fine-grain design of the ground level. The project aims to enhance connectivity throughout central Rhodes by creating new laneways and a public landscaped pathway, activated by ground-level retail spaces, linking the development seamlessly to its surroundings.

“With ongoing pressures on the construction sector and a persistent housing shortage, we’re proud to be collaborating on this project with Deicorp to provide generous family residences with spectacular views, accessibility to transport links, and great amenity at a time of need in Sydney,” said Baudin.

Deicorp, a prolific development firm founded in 1999, has established itself as a leading privately-owned property development and construction group in Australia. Specializing in residential, commercial, and retail real estate, Deicorp is renowned for its innovative projects. Notably, they are the masterminds behind the Hyde Metropolitan, Sydney’s iconic new landmark tower overlooking Hyde Park. Their portfolio also includes the Hills Showground Village in Castle Hill, Melrose Central in Melrose Park, and the Cosmopolitan in Parramatta, showcasing their diverse and impactful contributions to urban development.

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