Three new towers are ready to take their place in Parramatta’s skyline after the NSW Government approved two rezoning proposals that will inject $264 million into Sydney’s second CBD and create more than 530 local jobs.
Minister for Planning and Public Spaces Rob Stokes said the green light had been given to change planning rules and increase building heights to allow for up to 1,137 new homes to be constructed in Parramatta. Mr Stokes said:
“Parramatta already boasts a thriving commercial sector and vibrant community hub and these approvals will pave the way for more people to live close to where they work and play. These fast tracked rezonings are part of our Planning System Acceleration Program to kickstart the economy during the Covid-19 pandemic by encouraging investment in construction and jobs growth.”
The rezoning approvals in Parramatta include:
- Corner of 87 Church Street and 6 Great Western Highway: The maximum building height will be increased from 28 metres to 180 metres to allow for the development of approximately 430 new residential apartments and more than 3,300 square metres of commercial floor space.
- 189 Macquarie Street: The maximum building height for the towers will be increased from 91 metres to 167 metres to allow for 705 new homes across two residential towers.
Member for Parramatta Geoff Lee said Parramatta had undergone a significant makeover in recent years and has emerged as an economic leader with a thriving commercial centre. Dr Lee said:
“From its diverse economy and world-class education to high-quality public spaces and bustling restaurant scene, Parramatta is fast becoming the place in Sydney to live, eat, work and be. More homes supported by improved infrastructure means everyone has a chance to live in Sydney’s second CBD.”
To date, the NSW Government’s Planning System Acceleration Program has determined almost 90 projects worth more than $25 billion, which have created opportunities for more than 50,000 jobs, 25,000 homes and 400 hectares of open space.
Source: NSW Government