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.
“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,” Mr Stokes said.
“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:
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.
“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,” Dr Lee said.
“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.
Artist impression of tower on corner of Great Western Hwy and Church St, Parramatta.