In response to early tenant interest, Walker Corporation has this week lodged the development application (DA) with Parramatta Council for towers 4 & 6 Parramatta Square, comprising two A-Grade commercial buildings with a combined net lettable area (NLA) of 110,000sqm in addition to 7,000sqm of retail space, spread across three podium levels.
Lang Walker, Chairman of Walker Corporation, said “Demand for premium office space in Parramatta is undeniable with current vacancy rates at a record low of 1%. This has been reaffirmed by the strong tenant interest received from major corporations whose leases expire in 2019 - 2020.”
Catering to the modern workforce, the towers will feature a range of flexible floor plate options with the largest in excess of 2,300sqm, unmatched in size in Parramatta. This premium office space will be complemented by extensive facilities and services for the buildings’ occupants to utilise and enjoy, including tenant suites, conference facilities, childcare, auditorium, and a commercial catering kitchen.
The retail element will incorporate a range of cafes and high-end hospitality offerings that will spill out onto the public domain and activate the square. Larger than Martin Place, the public domain will act as a focal meeting point for tenants, residents and tourists.
“Parramatta Square will become an iconic Sydney destination and as such has to be at the forefront of design and sustainability, while providing a superior service offering. Ideally located for blue chip companies in search of industry leading commercial space, the towers are an integral part of the wider development and will significantly contribute to its success,” added Mr Walker.
Conceived by award winning JPW Architects, who just recently won the Harry Seidler Award for commercial architecture at the 2015 National Architecture Awards, these landmark buildings are designed to feature pioneering workplace design, high security and environmental excellence. The latest innovations in green technology will be inbuilt throughout to ensure maximum energy efficiency.
Well-connected to the Parramatta transport and infrastructure network, tenants have a myriad of options to travel to and from work. 4 & 6 Parramatta Square will provide a direct underground pedestrian link to Parramatta train station, with an adjacent bus terminal and ferry wharf only 480 metres away. The future light rail route to the north of the site, will also provide direct connection, scheduled for construction in 2018.
Demolition of the existing buildings is almost complete and once approval for 4 & 6 Parramatta Square has been obtained, Walker plans to commence basement excavation and construction of the buildings in early 2017. A staged approach will be taken to construction with the towers consecutively released in 2019 and 2020.
Built to a minimum 5 Green Star rating in accordance with the standards for environmentally sustainable development, set by the Green Building Council Australia, the commercial towers will provide best practice benchmarks for sustainability.
The wider precinct will feature The Aspire Tower comprising 700 apartments and hotel, 26,000 square metre University of Western Sydney Campus housing more than 10,000 university students, as well as community facilities, a civic building, community centre, library and a 250 metre long thriving public domain – critical to the activation of the project.