WALKER Corporation has started work on the $2 billion re-development of Parramatta Square.
It is expected that following the four stage demolition program, archaeological works will commence in mid-2016, with development approvals for the two commercial towers expected to be lodged in early 2016.
The development is one of the largest urban renewal projects, creating a 3ha city style precinct, which would include two commercial buildings incorporating retail and a range of café and restaurants, as well as the tallest residential tower in Sydney, known as the Aspire Tower.
The precinct will also feature the 26,000 sqm Western Sydney University Campus housing more than 10,000 university students, as well as community facilities, a civic building, community centre, library and a 250 metre long public domain in the heart of the city – critical to the activation of the project.
Chairman Lang Walker who recently put Collins Square in Melbourne on the market, said the company is in advanced discussions with a range of large scale, potential tenants for the commercial buildings.
Walker’s Parramatta Square could potentially accommodate the NSW government’s Department of Education which is in search of space to accommodate 1,800 workers.
The dual commercial towers will offer 85,000 sqm of A-grade premium office space with flexible floor plates with more than 3,000 sqm of retail space over two levels.
Australian Property Journal
