$150 million office tower proposed

Joint ventue partners Grosvenor Australia and Leighton Properties plan to develop a $150 million, 14-storey, 22,500-square metre office tower, on the corner of Hassall and Station streets, opposite the Commercial Hotel and the Parramatta bus-rail interchange. Grosvenor Australia development manager, Anthony Lombardo, said in "The Australian Financial Review" that Parramatta was an attractive option for corporate and government tenants, with average prime rents now less that half those in the Sydney CBD.