Parramatta. $100m office tower in the CBD

St Hilliers Property proposes a $100 million commercial development in Parramatta, to be known as the Exchange building, at 2 Fitzwilliam Street, with a frontage to Argyle Street. The 13-storey, A-grade building will be constructed on a 2579-square-metre site opposite the new Parramatta Transport Interchange and in close proximity to the proposed $1.4 billion Civic Place redevelopment. Approximately 100 car spaces along with motorcycle and cycle spaces are proposed on three basement levels as well as associated shower and change room facilities.Construction of the building is expected to commence in May 2009 and is expected to take 20 months to be completed.