$2 Billion Parramatta Square Redevelopment Gains Momentum

Plans to transform Parramatta into “Australia’s next great city” have taken a significant leap forward.

Developer Walker Corporation has secured a tender to develop the largest stages of the $2 billion Parramatta Square redevelopment project.

The mixed-use project is one of the largest urban renewal projects in the country, which at completion will transform the heart of the Parramatta CBD into a major commercial and residential precinct. The three hectare site will be home to six new state of the art mixed use buildings - including the tallest residential building in Sydney - and more than 20,000 sqm of public space.

The Aspire Tower

The proposed mixed use Aspire Tower will feature up to 700 apartments, a hotel and ground level retail.

Stages 5 and 6

These two stages will comprise of dual commercial towers offering A-grade office space with flexible floor plates. The ground floor podium will feature more than 3,000 sqm of retail space over two levels, with the lower ground level providing a crucial underground link to the Parramatta railway station.

Work on all stages will commence next month when the sites are handed over to the Walker Corporation. Development applications for stages 2, 5 and 6 will be lodged before the end of the year.

The changing face of Parramatta

The Parramatta Square redevelopment project is one of a number of major developments that are transforming the growing city of Parramatta.

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Eclipse Tower at 60 Station Street is a 19-storey commercial building and the latest addition to the city skyline. Major tenants include Deloitte, QBE and Landcom.

*100 George Street is a city landmark that recently underwent a $6 million refurbishment. The refresh has seen the building's NABERS rating upgraded from 1 star to 4 star.

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89 George St is a proposed 14-storey boutique commercial building designed by architecture firm Woods Bagot. It is DA-approved and will be approximately 10,000sqm when built.

*Westfield Tower is a proposed 20 storey 35,000 sqm commercial tower designed to sit atop the current Parramatta Westfield Shopping Centre. The Centre also plans to add a sixth level of retail floorspace and additional carparking.

*Altitude - Meriton Development is a mixed use development that rises over 170 metres high with 53 levels of apartment on the riverfront. Expected completion is 2016.

*V By Crown, 45 Macquarie St is a 29 storey development by Crown Developments featuring luxury apartments and ground floor retail.

Images courtesy of Parramatta City Council and Walker Corporation.