Parramatta. 400 apartments for CBD

Meriton Apartments has purchased the former David Jones site, in Church Street and overlooking the Parramatta River, for $36.5 million and proposes to develop 400 apartments in two towers as well as a 4000-square-metre retail development, including a major supermarket tenant. Meriton has also acquired a 50-year lease over the adjacent 520- car park.