NSW Parramatta - Infrastructure and Developments thread

Discussion in 'Where to Buy' started by JTR, 16th May, 2019.

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  1. JTR

    JTR Well-Known Member

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    Parramatta: Charles Street Square design plans released
    Joanne Vella, Parramatta Advertiser
    October 5, 2019 12:19pm

    Move over Circular Quay. Parramatta’s wharf precinct is getting a makeover with changes designed to see it morph from an “underdone” area into a tourist magnet.

    An escarpment boardwalk, garden terrace and amphitheatre to welcome ferry passengers will form the Charles Street Square project, which is part of the Parramatta Quay plans.

    The square extends from the intersection of Charles and Phillip streets to the river next to the Parramatta ferry wharf, where a $7.4 million upgrade is almost complete.

    [​IMG]

    Parramatta Lord Mayor Bob Dwyer said the plans were significant to make a good first impression on visitors.

    “The river is part of the transport system and it’s also the entry to the city for our tourists,’’ he said.

    [​IMG]
    “It underdone. It’s adequate without being what we want as the second major city.

    “We want to make sure we look like Sydney’s second CBD not the end of the line of the ferry.

    “We’re a community that’s very unique. We’re the second city. We’re a river city.’’

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    Western Sydney Business Chamber executive director David Borger echoed the thoughts.

    “Parramatta’s spent 100 years turning its back on the river, which has been used for industry, and it’s only in the last 20 years we’ve opened the river up,’’ he said.

    “Our community is really keen to have a connection with the river.’’

    Property Council of Australia’s western Sydney regional director Ross Grove welcomed the changes.

    “The area around the Parramatta Wharf is ripe for a refresh,’’ he said.

    “For casual visitors to Parramatta, the delivery of a new wharf, garden terrace, amphitheatre and square has the potential to put the city’s best foot forward to people stepping off the ferry to experience what Parramatta has to offer.”

    The council will fund the project but is relying on Transport for NSW to contribute to its development.

    The plans will go on public exhibition in November and December if approved at Tuesday’s council meeting.

    Construction is due to start in November 2020 and be completed in October 2021.
     
  2. Scott No Mates

    Scott No Mates Well-Known Member

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  3. JTR

    JTR Well-Known Member

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    Sydney Metro West Stations Announced

    Metro stations have been announced for
    Parramatta
    Westmead
    Sydney Olympic Park
    (Potentially) Rydalmere

    Maintenance centre will be in Clyde (site of Parramatta Speedway)



    Full announcement


    [​IMG]

    Parramatta Metro Station
    [​IMG]



     
    Last edited: 24th Oct, 2019
  4. JTR

    JTR Well-Known Member

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    From 9News
    19 November 2019

    Glimpse into the future of Sydney’s second biggest city | Nine News Australia

    With the population of Parramatta set to double in the next 20 years, commercial and residential plans for the city's future have been released.

     
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  5. JTR

    JTR Well-Known Member

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    https://www.smh.com.au/national/nsw...lia-s-first-two-cbd-city-20191119-p53c51.html

    Parramatta high-rise towers to make Sydney Australia's first two CBD city


    By Megan Gorrey
    November 20, 2019 — 12.10pm

    The cranes rising in the air above Parramatta are set to give way to dozens of towers up to 67 storeys over the next decade as the skyline of Sydney's fast-growing second CBD continues to take shape.

    The City of Parramatta Council, which is overseeing an unprecedented wave of public and private investment, is giving a glimpse of how $5.5 billion worth of building projects will change the city.

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    About 30 projects include the Parramatta Square development and the state's first high-rise public high school.

    The council has released images and video footage showing 30 major building projects - each at varying stages of development - that are set to transform the city's core in the next 10 years.

    Western Sydney Business Chamber executive director David Borger said Parramatta had become "the only second CBD in Australia" and development across the city was "accelerating at a very fast pace".

    But he said the residents' quality of life needed to be preserved amid the area's housing and infrastructure boom. "We've got to make sure the city becomes a more liveable city," he said.

    "When cities get design and landscaping right, everyone benefits."

    [​IMG]

    Major building projects in the pipeline include the city's $77 million public swimming pool.

    Among the developments that have been completed are the 30,000-seat Bankwest Stadium and Arthur Phillip High School's $225 million high-rise campus, which will open to students in 2020.

    Projects that are yet to be finished include a new $77 million public swimming pool, the Parramatta Square development and the Civic Link walkway connecting the train station to Parramatta River.


    The $3.2 billion Parramatta Square project - a decades-long attempt to regenerate the square adjacent to Parramatta Station - will feature four towers developed by the Walker Corporation.

    And developer Meriton, founded by billionaire Harry Triguboff, last month won approval to build Parramatta's tallest residential high-rise at 67-storeys with an adjoining 58-storey hotel tower.

    [​IMG]
    Parramatta's current skyline is set to be transformed in the next decade due to an unprecedented amount of public and private investment. CREDIT:SALTY DINGO

    The city's development rush is set to complement the planned $5.3 billion Western Sydney Airport and the Berejiklian government's much-vaunted metro rail line from central Sydney to Parramatta.

    The council said each of the 30 projects exhibited design excellence under planning rules that require major developments to be subject to a design competition before they can be approved.


    Parramatta mayor Bob Dwyer said good design and planning fostered "first-rate commercial and residential buildings, and infrastructure that meets the needs of current and future populations".

    Former government architect Peter Poulet, who is the central city district commissioner for the Greater Sydney Commission, said good design was also essential to creating vibrant urban spaces.

    "It's not just about the buildings. It's about the squares, the green spaces, and the streets, that makes a place great to live, work and play - and Parramatta is delivering on that," Mr Poulet said.
     
  6. JTR

    JTR Well-Known Member

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    https://7news.com.au/business/prope...-imagined-to-look-like-in-the-future-c-564448

    With skyscrapers and a booming population, this is what Parramatta is imagined to look like in the future

    Elizabeth Daoud - 7News
    Tuesday, 19 November 2019 7:08 pm


    Sydney's second CBD is set to be a super city of the future.

    Thanks to animators using real life projections, Parramatta, in the city's west, is imagined to house skyscrapers of flowing steel and glass, as it transforms through an economic boom.

    "Parramatta will be the capital of jobs, capital of infrastructure," Parramatta MP Geoff Lee told 7NEWS.

    Billions in infrastructure spending is on track to see the west's CBD expand.

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    Parramatta could be home to magnificent skyscrapers. Credit: 7NEWS

    The Parramatta Light Rail, Sydney Metro West and Sydney Metro north west rail links are all connected to the hub.

    Westconnex construction will also mean Sydney's second CBD will face construction congestion - but in the short term.

    "We have got a challenging few years of getting in and out of the city centre but - hang on! It's going to get better," Western Sydney Business Chamber Executive Director David Borger said.

    Over the next five years, the city's population is set to increase by 41,000.

    "We've got 10 thousand public servants moving in over the next three years," Lee said,[​IMG]
    This is what Parramatta looked like two centuries ago. Credit: 7NEWS

    "I think Parramatta's booming at the moment. It's taken 220 years to get to where it is," Borger added.

    Just last month, developer Meriton was granted approval to build the tallest residential buildings in the city's west.

    One of the twin towers, to be built on George Street, will rise more than 200m into the sky.



     
  7. JTR

    JTR Well-Known Member

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    The Future of Sydney's Parramatta

    The Future of Sydney's Parramatta
    [​IMG]
    The Future of Sydney's Parramatta: The City of Parramatta has unveiled a 3D flythrough animation that gives a never-before-seen glimpse into what the city expected to look like in the future ...
     
  8. JTR

    JTR Well-Known Member

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    Parramatta Design Excellence 3D Flythrough

     
  9. JTR

    JTR Well-Known Member

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  10. Scott No Mates

    Scott No Mates Well-Known Member

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    Unfortunately the wharf upgrade only caters for a single ferry at a time unlike some of the other wharfs along the Parramatta River which can berth two ferries.
     
  11. JTR

    JTR Well-Known Member

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  12. JTR

    JTR Well-Known Member

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  13. JTR

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    https://www.smh.com.au/business/com...ns-door-to-first-tenants-20191218-p53l36.html

    Lang Walker's $3.2b Parramatta Square project opens door to first tenants


    By Carolyn Cummins
    December 18, 2019 — 4.14pm

    Developer Lang Walker has thrown open the doors to Property NSW, the first tenants at Tower 4 of his $3.2 billion Parramatta Square project.

    The government agency will take out 65,000 square metres of the 40-storey site, known as 4 Parramatta Square, which is the first of four towers in the complex that will cover more than 240,000 sq m once completed.

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    David Gallant, chief operating officer at Walker Corp, said the tower was designed for a "high performance workforce, with strong internal connections and an emphasis on the health, wellbeing and creativity of the staff".

    "Parramatta Square is quickly taking shape and the total project is now 80 per cent pre-leased, with over 180,000 sq m of high quality office space committed," Mr Gallant said.

    "The NSW Government has led the way in attracting other leading organisations in signing long-term leases in the project, which will open the way for Parramatta city to rival Sydney’s CBD in terms of amenity and high quality commercial space."

    4 Parramatta Square was constructed by Built and its joint venture partner Obayashi Corporation and designed by architects Johnson Pilton Walker (JPW).

    Despite the large amount of developments coming out of the ground, Parramatta has the lowest office vacancy rate in the country, with the rate for premium-grade space near zero.

    The NSW government, QBE Insurance, Deloitte, PwC and KPMG have all taken space in the satellite city and developers, including GPT and Lang Walker, are undertaking major office projects.

    In her latest report on the region, Ray White head of research Vanessa Rader said the Parramatta CBD was growing in favour due to its relative affordability to Sydney and that quality construction and CBD infrastructure improvements had led to attracting new occupiers and investors.

    "With no major supply completions being added to stock levels during this period, we’ve seen some subdued take-up in space this period also, recorded at just 923 sq m. Despite this little change, we did see vacancy further contract to just three per cent or 21,877 sq m," Ms Rader said.

    Colliers International's national director of reseach Anneke Thompson said Parramatta remains a two-tiered leasing market due to the shortage of quality and contiguous prime office space. Incentives have remained relatively low compared to other metropolitan markets due to the low vacancy.

    "Average A grade net face rents are now ranging from $520-$590 per sq m, per annum and for B Grade properties the net face rents range from $435-$510 per sq m pa," Ms Thompson said.

    In another deal, SC Capital Partners, on behalf of its SCORE+ Fund, has exchanged binding contracts to purchase 2 Wentworth Street, Parramatta for $105.3 million.

    Located within Parramatta’s central business district, the property comprises an A-Grade office tower in proximity to Parramatta Square, Parramatta Transport Interchange and Westfield Parramatta shopping centre.

    The tower is fully leased and houses predominantly government tenants, with an net lettable are of more than 10,000 sq m.

    [​IMG]

    Suchad Chiaranussati, chairman and founder of SC Capital Partners, said market fundamentals are anticipated to remain strong, supported by government plans to establish Parramatta as a "Priority Growth Area" earmarking more than $10 billion for public and private investments.

    "The Greater Parramatta area is also set to go from strength to strength, with expectations it will house more than 50 per cent of Sydney’s population within the next 20 years," Mr Chiaranussati said.
     
  14. Scott No Mates

    Scott No Mates Well-Known Member

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    Sounds like Property NSW are moving from their main digs in Bligh St (which was sold a few years ago) and Harrington Street.
     
  15. JTR

    JTR Well-Known Member

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  16. JTR

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  17. virgo

    virgo Well-Known Member

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    My CBA banker told me they have stopped lending for apartments in Parramatta...but North Parramatta is still doable....
     
  18. JTR

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    https://www.smh.com.au/national/nsw/not-like-sydney-light-rail-work-on-parramatta-tram-project-ramps-up-20200131-p53wip.html

    Work on Parramatta tram project ramps up

    By Matt O'Sullivan
    January 31, 2020 — 5.09pm

    With disruptions from the new tram trip through central Sydney ongoing, the Berejiklian government has sought to reassure Parramatta residents and businesses that the impact of building a $2.4 billion light rail line there will be minimal.

    Marking the start of major construction of the line from Westmead to Carlingford via Parramatta, acting Transport Minister Paul Toole conceded some disruption was unavoidable but insisted the project team was "working hard" to reduce it.

    [​IMG]
    A contruction worker walks along the old Carlingford rail line, which has been torn up to make way for the light rail line.CREDIT:STEVEN SIEWERT

    "You learn from previous projects and you get better. We're working with the local community to ensure that disruptions are kept to a minimum," he said.

    "We're confident to have this project ready by 2023."

    The removal of rail sleepers from the former Carlingford line, along which a part of the new tram will run, has allowed major construction of the light rail to ramp up.

    Church Street between Macquarie and Market streets in Parramatta's CBD will also be closed to traffic from Saturday to allow for construction.

    Liberal Member for Parramatta, Geoff Lee, said disruption from construction on the "eat street" dining strip along Church Street was a "big concern" but the project team had been working closely with local businesses.

    "Make no mistake, it's not like the Sydney CBD light rail," he said. "We've learned a lot of valuable lessons in terms of scheduling the works."

    Mr Lee said the line would be built along roads spanning three blocks of Parramatta's CBD, in contrast to a 3-kilometre stretch of the centre of Sydney for the new line there.

    [​IMG]
    Parramatta MP Geoff Lee, left, and acting Transport Minister Paul Toole mark the start of major construction of the light rail line.CREDIT:STEVEN SIEWERT

    To reduce disruption, construction will pause along "Eat Street" from November 1 to January 31 each year to help retailers during the busy holiday trading period.

    But Labor leader Jodi McKay said she had no confidence the government would protect businesses on "Eat Street" after the debacle from construction of the light rail line in Sydney's CBD.

    The 12-kilometre line from Westmead to Carlingford is supposed to be part of a two-stage project extending to Olympic Park at Homebush. The final business case for the second stage has been in the government's hands for at least the last six months.

    But the government said late last year it was considering operating trackless trams on what had been slated to be the second stage, instead of laying a new rail line.

    [​IMG]
    The al fresco restaurants along Eat Street in Parramatta face disruption from construction.CREDIT:WOLTER PEETERS

    Ms McKay called on the the government to honour its commitment to extend the light rail line for nine kilometres from Camelia to Olympic Park.

    "Thousands of units are going in. People have bought in Melrose Park and Wentworth Point on the promise of an integrated light rail network," she said.

    The Sydney Business Chamber also said the start of stage one should not be used as a distraction from the need to extend the line to Olympic Park.

    "It would be a tremendous shame to risk stage one becoming a white elephant by not connecting it to the growing communities springing up along the shores of the Parramatta River," the chamber's executive director, David Borger, said.

    A leaked government document in 2016 estimated the cost of the entire line, which included the second stage, at more than $3.5 billion.
     
  19. JTR

    JTR Well-Known Member

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    Major works for Parramatta Light Rail Stage 1 begins





    [​IMG]
     
    Last edited: 2nd Feb, 2020
  20. Scott No Mates

    Scott No Mates Well-Known Member

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    I'm still not happy that the line won't go through to Epping as it makes the line more of a gimmick and stand alone until it goes to the Bays Precinct via SOP.

    The shops along Church St are going to feel the pinch whilst construction happens and they see going to scream blue murder when they lose access to the licensed seating outside the restaurants (it's not their land, it is public roadway on a licence which may be terminated at a month's notice). It's cheap space which makes lots of $ for the restaurants, if they need the space, rent a bigger shop. It would be a shame to lose this sort of vibrancy in the area sad there are few real Eat Streets in Sydney.
     
    Last edited: 2nd Feb, 2020