The Property Council of Australia has revealed the latest concept for the renewal of 15 urban areas across Parramatta has been finalised.
Compiling the efforts of 80 urban designers and architects, the new Design Parramatta initiative aims to reinvent the city over the coming years.
Key changes that are put forward in the proposals include the reinstatement of George Street as the city's main street, as well as the planting of new trees along Macquarie Street to make the area more green and inviting.
Other projects are to include the expansion of Jubilee Park, Barack Lane is to become a public space and Wentworth Carpark is to be transformed into a new transport interchange, complete with retail outlets.
Elsewhere, a joint venture was recently announced by Charter Hall and Flagship Property Holdings that will see the creation of a new grade A office development in Melbourne's docklands.
The project aims to deliver 37,000 sq ft of new office space once complete.
Posted by Craig Francis
