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Council Owned Sites
Council owns close to 8 hectares of land in the Parramatta CBD. Our Property Development Group oversees and leverages value and city-shaping opportunities from these sites.
Council's key objectives are to unlock value, optimise potential and establish and grow an income earning property and investment portfolio which will provide a significant contribution to Council’s long-term financial plan.
Council has prioritised the following sites for redevelopment:
Parramatta Square – New civic heart
Parramatta Square is a 3 hectare precinct development that will provide the city with a new civic heart. It will include public space, corporate facilities, residential apartments, retail and dining, new Council headquarters, and connections to the transport interchange. It is expected to house up to 13,000 jobs upon completion. Two sites within the precinct – one residential, one commercial - have undergone design competitions and are now moving into DA stage.
Lennox Bridge Car Park site
This site will be transformed into a first-class precinct known as 'Riverside Parramatta'. The project is being delivered to a 'Design Excellence' standard creating many benefits for Parramatta's community including a range of improvements along the river foreshore areas and public domains. A range of uses will be accommodated including cafés / bars / restaurants and Councils new Discovery Centre. Council has entered into a Development Agreement with LIDIS, one of Sydney's Specialist Property Groups to deliver what is destined to become Sydney's newest landmark.
Macquarie Street Car Park site
The site is also currently an on-grade car park located within the City fringe and having good views of the Parramatta River. The site will be redeveloped into a new residential tower amd a new commercial tower above a multi deck public car park that will help move parking to the city periphery as per Council’s Car Parking Strategy. The site has been put to tender and Council is currently negotiating with a number of developers.
Major Commercial Developments
In addition to the Council-owned sites above, the following major commerical developments are at various stages of planning/development and delivery.
Eclipse Tower, 60 Station St.
The Eclipse Tower, 60 Station Street is the latest addition to the Parramatta skyline, a 26,000sqm, 20 storey commercial building close to the transport interchange. Major tenants include Deloitte, QBE & Landcom. The building has been delivered via a partnership between Grosvenor, Leighton’s and John Holland and offers a striking, contemporary 5 star design with flexible floor space - Parramatta’s tallest commercial building!
more information on Eclipse Tower
100 George St.
A Parramatta landmark building that has recently undergone a $6 million refurbishment that has seen the building’s NABERS rating go from 1 star to 4 star. It boasts new ground floor public domain and retail space and 9,600 m2 of commercial office space in the heart of the Parramatta CBD. It is home to Colman and Greig, the largest legal practice headquartered outside the Sydney CBD.
89 George St.
A proposed 14 storey boutique commercial building, DA-approved and will be approximately 10,000sqm when built. It has been sensitively designed to meet six star green rating and showcase the neighbouring heritage asset, Perth House. The building has been designed by award-winning architecture firm Woods Bagot.
more information on 89 George St development
105 Phillip St
A proposed 13 storey commercial building owned by Dexus Property Group. This DA-approved building will deliver 20,500sqm when built. It has been designed to offer A-grade office space with 5 green star rating in the centre of the Parramatta CBD’s financial precinct on Phillip Street.
more information on105 Phillip St development
111 George St
A 17 Storey mixed use development, situated next to News Limited’s proposed state-of-the-art Media Centre, and the popular Albion Hotel. It is well situated on the banks of Parramatta River and enjoys both City and district views. Just a short walk to Harris Park too!
more information on 111_george_street,_parramatta
A proposed 20 storey 35,000 m2 commercial tower designed to sit atop the current Parramatta Westfield Shopping Centre, which currently receives 28.8 million visitors per year. The Centre also plans to add a sixth level of retail floorspace and additional carparking.
more information on Westfield tower expansion
Cumberland Newspaper / News Ltd Site.
A proposed purpose-built Media Centre similar to the Adelaide Advertiser headquarters in Adelaide CBD. The building will house the Cumberland newspaper group, part of News Limited/News Local. Stage 1 will be a five storey commercial building as part of a broader precinct development plan.
UWS – Westmead Precinct
The vision for this future mixed use development is to establish a diverse range of activities to enhance and support Westmead’s role as a specialist medical research hub. It is expected to create new links to the adjoining Westmead Hospital, schools and key public transport nodes including Westmead Station and the new Transit Way. Planning proposal currently being assessed.
Westmead Millennium Institute
This 7 storey purpose-built facility representing $135m in investment, will be home to the Westmead Medical Research Hub; a joint initiative between 3 expanding medical research institutes and the University of Sydney. The first stage of this exciting development is expected to commence in 2014.
more about Wetmead Millenium Institute project
Major Residential Developments
The Parramatta CBD has seen a surge of inner-city residential development in recent years. Below is a sample of the key sites:
Altitude - Meriton Development
This proposed mixed use development on the former David Jones site, designed by Tony Caro, includes an "East" tower at 30-storeys (242 serviced apartments), a "West" tower at 53-storeys (354 residential apartments), a 3-storey podium including eight commercial tenancies. The development will include lively outdoor dining and cafes along the riverfront and Meriton's new Riverside Shopping Centre as part of the complex. Estimated capital investment is $149.9 million.
more information on Meriton Altitude Development
V By Crown, 45 Macquarie St,
A 20+ storey development by Crown Developments which is currently selling off-plan – and soon to commence construction. The building boasts significant ground floor retail and a 1st floor of 5,800 m2 commercial space suiting a convention centre or similar. It will have 336 luxury apartments located above street level.
B1 Tower, 118 Church St
This will be Parramatta’s tallest residential tower from Atria Group; a 28 level mixed-use building featuring 80 apartments and 5 floors of commercial & retail next to the Westfield Shopping Centre, ‘Asian District’ and train station. B1 Tower is currently under-construction.
Focus, 6-10 Charles Street
A 12 storey,100 residential unit twin tower design situated between Parramatta & Harris Park railway station. The site is a short walk to Westfield and the CBD, well suited to CBD professionals, and is currently under-construction.
Last updated on 20 Jul 2015