Riverbank draft strategy on exhibition

Parramatta City Council has on exhibition the draft urban design strategy for the future development of the Riverbank block, bounded by the Parramatta River and Church, Phillip and Smith streets, in the CBD. Council, which has been approached by property owners with development options, owns property valued at $71.2 million within the block. According to the City Centre LEP the Riverbank block is Zone B3 Mixed Use. Buildings up to 80 metres are permitted; the FSR is 6:1