Walker Corporation appointed to develop next stages of Parramatta Square
Parramatta City Council has selected Walker Corporation to undertake the two larger stages of its Parramatta Square development, worth a combined total of $1.2 billion.
The $2 billion Parramatta Square development is one of Australia’s largest urban renewal projects. The three hectare site will be home to six new state-of-the-art mixed use buildings and more than 20,000 square metres of vibrant public space.
Following an exhaustive selection process the developer has been chosen to partner with Council to complete Stage 2 of the CBD project – the Aspire residential tower which is set to redefine the Parramatta skyline.
Council has also decided to appoint Walker Corporation as the developer for Stages 5 and 6 of Parramatta Square – dual commercial towers with the capacity to accommodate the largest and smallest tenants in the market.
Work on both projects will commence almost immediately, with the sites to be handed over to the developer in September and full demolition of the existing buildings, including Council’s former administration building at 30 Darcy Street likely to be completed early next year.
“This is exciting news for Parramatta and shows the development of Parramatta Square is rapidly gaining momentum,” Lord Mayor of Parramatta Cr Scott Lloyd said.
“This is a world-class project which is central to Council’s vision to build Australia’s next great city and the ‘smart city’ of the future. Parramatta Square will provide the foundations for the revitalisation of our city and the Aspire tower, along with the dual towers that will form Stages 5 and 6, are key anchors for this important development.”
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