Official details to be released today, however the midnight news stories have filtered through.
Parramatta (23km west of the Sydney CBD) is staking a claim as 'Sydney's second CBD.' This proposal is part of a 3 ha redevelopment of council owned land at the heart of Parramatta.
The tower will be over 700 ft (i.e. minimum 213m :banana: :banana. At 213m (roof height) the tower would be the seventh tallest building in Sydney (to the roof) if constructed (and assuming the 236m+ 115 Bathurst Street and 217m International Tower are built).
Square to fill Civic void and Parramatta's skyline
AFTER the collapse in March of its $1.6 billion attempt to redevelop the heart of Parramatta, the local council hopes to revive the project with a new name and plans for one of the tallest apartment blocks in the country.
Parramatta City Council has revealed the winners of two design competitions it held for its rebranded ''Parramatta Square'' development to replace the ill-fated Civic Place proposal, which was scrapped as unviable.
The Parramatta lord mayor, Lorraine Wearne, said Grimshaw Architecture had won the design excellence competition to build a 65-storey mixed-use tower on the corner of the site bordered by Church and Darcy streets.
In a ''state of the city address'' in Parramatta today, the mayor will also announce a winning proposal by Architectus for a 13-storey, 27,000-square-metre office block on the corner of Smith and Macquarie streets.
Six years ago, the council signed a $1.6 billion deal with Grocon to build a retail, commercial and residential Civic Place project on the three hectare site. The project included a new library, art gallery, piazzas and other retail, commercial and residential facilities but it never proceeded despite council spending more than $50 million to buy land for the project.
Cr Wearne hoped the ''excellent'' designs for the first buildings of the new proposal for the CBD site would attract a developer ''on either a sale or partnership basis''.
''Its iconic twisting form blends structural efficiency with contemporary urban living and at 65 storeys or over 700 feet, it will be among the tallest residential buildings, not just in Parramatta, but in NSW,'' she said of the Grimshaw design. The two architect firms will now work with council to prepare the development applications to be considered by a regional planning panel, Cr Wearne said.
Any costs paid to Grocon are subject to a confidentiality agreement, but Cr Wearne said ''at the end of the day there will be a net profit on those sites''.
''Our aim in all of this is to reduce debt as fast as possible and to provide an environment that's a workable and good environment for the city,'' she said.
The completed Parramatta Square would also provide public space, council facilities, retail and corporate centres accommodating 13,000 office workers.
Cr Wearne said unlike the plan for Civic Place, which was intended to be completed in a single development, Parramatta Square would be completed in at least three stages.
''What we don't want to do is create a bigger package than the market is currently capable of absorbing,'' she said. 'You can say, 'If I build it they will come, that doesn't always work.'''
Parramatta goes sky high as the state's tallest residential buildings will rise
The Daily Telegraph
July 19, 201211:30PM
ONE of the state's tallest residential buildings will rise high above Parramatta as part of a project that will also house thousands of workers in the city's second largest CBD.
Details of the 65-storey building in the heart of Parramatta will be announced today in the wake of the failure of the $1.6 billion Civic Place project.
Parramatta Lord Mayor Lorraine Wearne will unveil the Parramatta Square with two buildings - one a soaring apartment block and the other, a more squat commercial office.
The smaller building will house more than 13,000 workers.
Civic Place plans fell over in March after developer Grocon and the Parramatta Council walked away from a $1 billion deal they signed six years ago.
But this time, the council will engage the designers to create development applications for the construction of Parramatta Square's first two buildings.
The tallest tower will boast "landscaped sky gardens every six floors" and be built on the corner of Church and Darcy Sts.
"Its iconic twisting form blends structural efficiency with contemporary urban living and at 65 storeys it will be among the tallest residential buildings, not just in Parramatta, but in NSW," Ms Wearne said. The second proposal, for the corner of Smith and Macquarie Sts, includes 27,000sq m of office space and would "set new environmental and quality standards".
Architects Grimshaw and Architectus will work with the council to submit development applications in the next few months. Upon approval, the council will look across Australia and around the globe to find partners to finance the project.
"I believe that what we are launching illustrates the vision of where we want to take Parramatta into the future. This is a vision we share with the community," Ms Wearne said.
"Parramatta Square represents a desirable and lucrative place to invest and do business. It emphasises Parramatta's role in meeting the business, cultural, entertainment and tourism needs of the fastest growing region in the country."
The council only got the land last year when the state government changed compulsory acquisition laws.