Parramatta’s skyline is set to keep growing & growing with the announcement that the 8 Phillip St tower in the northern end of Sydney’s 2nd CBD has received approval & gained one of the largest rezoning permits in the entire metropolitan area.
If you need any evidence of the growth Parramatta is experiencing, look no further than this development at 8-10 Phillip st, Parramatta.
This tower will soar 55 stories into the sky, coming to a total height of 200m above ground. If built today it would be the tallest building on the Parramatta skyline.
This development will be mixed use. It will consist of luxury residential apartments, a 5 star luxury hotel and a premium rooftop bar.
The 8 Phillip St Parramatta Development Overview
|Development Use:||Mixed-use (residential, Retail & 5-star Hotel)|
|Location:||2-10 Phillip St, Parramatta, 2150|
|Height in metres:||198m|
|Number of Buildings:||1|
|Floors in # of stories:||55 Storys|
|Number of Apartments:||314|
|Number of Hotel Suites:||252|
|Cost of Construction:||$239,000,000|
|Estimated Completion Date:||2020|
|Official Development Website:||Live at 8 Phillip st|
This is what the tower is expected to look life from the latest render found at the skyscrapercity forums:
It is expected to begin construction sometime in 2017. The developer of this project is Coronation Property, who is also developing the landmark development in Liverpool known as The Paper Mill, which is currently under construction & nearly topped out (update: as of July 2018 it has developed 3 of the 4 Paper Mill towers being the original paper mill, the bindery & the gild. Only the Foundry remains to start development, however, it is expected to begin once the appeal is approved within the Liverpool city council’s planning office.
According to AU Abroad, QT Hotels will be launching the first 5-star hotel & resort in Parramatta by 2020. This clearly indicates that 8 Phillip St is expected to be completed by the year 2020.
According to the official 8 Phillip st website, the developer Coronation is accepting inquiries into their opt-in list. Additionally Domain and Real Estate have off the plan sales already running for this development, however, no prices have been announced at this stage.
It will really beef up this end of the CBD along with the Riverside Tower, Meriton’s Altitude towers which are nearly topped out & the proposed 295 Church St Development.
Location Map of 8 Phillip St in Parramatta
Since the update of this proposal, the development has sold out several stages of apartments. The Parramatta CBD itself is seeing a massive growth in highrise construction, white-collar office demand (being shown through multiple office buildings being constructed) & a demographic shift to a younger, more educated local population.
The major news is that now as of July 2018, after 4 and a half years in the making one of Sydney’s largest rezonings has officially been a success by Coronation as this tower is now officially approved.
This is huge news at this will bring a luxury 5-star hotel by QT, 314 high-quality residential apartments, & a fabulous publically accessible rooftop restaurant/bar with panoramic views of the entire Sydney metropolitan area.
According to the Domain property listing, expected completion of the development is by 2020.