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Plans Lodged for $5 Billion Melrose Park Urban Renewal Project

Melrose-PArk

More jobs, new and affordable housing choices, improved transport links and a range of community benefits feature in visionary urban renewal plans lodged with Parramatta City Council this week for Melrose Park in Sydney’s west.

Melrose Park is located along the northern banks of the Parramatta River, six kilometres east of Parramatta.

Australian development and investment company, PAYCE, which is a recognised leader in large scale urban renewal projects, including Wentworth Point, Washington Park and Victoria Park, has lodged a Structure Plan and a Planning Proposal with Council covering the future use of an under-utilised area of industrial land in Melrose Park.

The plans follow

this week's announcement of the acquisition of a 4.5 hectare mixed-use zoned development site for $160 million.

PAYCE and its joint venture partner, Sekisui House Australia are seeking to re-vitalise the suburb in collaboration with Parramatta City Council by creating new employment opportunities and sustainable new communities.

The area covered by the Plan includes PAYCE’s recently acquired gateway site at 657- 661 Victoria Road and 4-6 Wharf Road, Melrose Park, located on the northern end of Wharf Road and adjacent industrial sites on Wharf Road owned by PAYCE.

The company’s landholdings in Melrose Park now total 30 hectares between Hope Street in the south and Victoria Road to the north, paving the way for a holistic architectural design for the precinct.

Council recently identified Melrose Park in its draft Parramatta Employment Lands Strategy 2015 document as an employment lands precinct undergoing significant economic change and “suitable for large scale urban renewal”. The Strategy recommended a Structure Plan be prepared to guide the future planning of the precinct.

PAYCE’s General Manager, Dominic Sullivan said its Structure Plan outlined the broad pattern of future uses and services for further discussion with Parramatta City Council and the community. The Plan also covers all of the infrastructure necessary to support future uses, including new public roads, electricity, water and services and major upgrades to the surrounding road network.

“We have also prepared a Planning Proposal to support the Structure Plan, which provides more detail on the opportunities this urban renewal project presents,” he said.

“Melrose Park represents one of the largest urban renewal opportunities in the State, and we are excited to be able to work collaboratively with Council, State Government and the local community to produce a world-class result that will be a benchmark in urban renewal for Western Sydney.

“Our Plan presents a vision for the area that comprises a multi-staged mixed-use development which would result in 1,500 new jobs, new housing (including affordable and key-worker accommodation), commercial office and retail uses, along with a range of new and enhanced community facilities, public parks and other wider community benefits.”

Mr Sullivan said community consultation would play a key role in the process.

“We will open a community information centre on site where residents and other interested parties can find out more about the Plan and provide feedback to Council and the project team.”
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Mr Sullivan said four leading design teams had input into developing the Structure Plan.

“We engaged some of the most creative people in the country to come up with fresh innovative ideas that would maximise the opportunities and benefit everyone who might work, live, play or shop in the precinct.

“For example, the Plan includes a retail village centre, as well as open space totalling 3.8 hectares, including a new central park, a community oval to be shared with Melrose Park Public School, a large garden park and numerous pocket-parks throughout the precinct."Sustainability is at the heart of the new Plan, featuring renewable energy generation for future homes, water recycling, sustainable transport initiatives and electric charge points for cars.

“Other community facilities outlined in the Plan include an amphitheatre, childcare centres and multi-purpose community centres for use by the broader community.

“Surrounding public benefits proposed include a $32 million contribution to the upgrade of nearby George Kendall Reserve, a new community aquatic facility, improvements to local cycleways and the introduction of an electric shuttle bus service to Meadowbank and West Ryde train stations.

“Discussions are also planned with relevant authorities for a private ferry service loop between Melrose Park, Parramatta and Sydney Olympic Park.”

Mr Sullivan said the proposed community benefits total well over $100 million and would be provided at no cost to Council or its ratepayers.

“It’s a very exciting Plan and there are a lot of opportunities to explore. We look forward to discussions with Council and the community to get their thoughts and comments,” he said.

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Article originally posted at: https://theurbandeveloper.com/articles/plans-reveal-exciting-vision-for-melrose-park-in-sydneys-west