By Cameron Jewell
16 September 2013 — The first stage of Leighton Properties’ Parramatta Square development in Sydney has been given the green light after the Joint Regional Planning Panel granted approval for the project’s development application.
The Architectus-designed, 14-storey, 25,000 square metre 5 Star Green Star office tower at 169 Macquarie Street could be completed by late 2015.
“What an exciting time to be leading Parramatta,” said Lord Mayor John Chedid. “Approval of Stage One marks the birth of Parramatta Square and the realisation of a vision Council set out to achieve almost a decade ago.
“This development will provide the foundation for growth in this City and create a future city based on good urban design that is sustainable, has vast, vibrant, beautiful public spaces and an effective integrated public transport system.”
Leighton managing director Mark Gray said the company was pleased the project had been approved to proceed.
“It will be our fourth commercial building in Parramatta and on completion we believe it will set new benchmarks for the Parramatta CBD in terms of its architecture and sustainability initiatives,” Mr Gray said.
“We are currently in the process of pre-leasing the office space and are experiencing very strong interest due to the building’s high profile location, proximity to Parramatta Rail Interchange and its large floor plates.
“The design features a side core and central atrium, which delivers on the key elements that businesses are now seeking in modern workplaces: efficiency, flexibility, connectivity and abundant natural light.
“We have always had a strong belief in the evolution of the Parramatta CBD as both a desirable and growing commercial location. We see an ongoing need for quality, sustainable, A-grade office space for companies who are strategically choosing to base their operations in locations which are closer to their staff and provide more convenient transport options.”
The Parramatta Square precinct will occupy three hectares of city real estate, and aims to provide sustainable high-density urban living and commercial space. It is expected to accommodate up to 13,000 workers on completion, and is registered under the Pilot Green Star — Communities rating tool.