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

Plans for strategic site in the CBD

Council proposes to publicly exhibit and invite all relevant property owners within the block bounded by Church, Phillip and Smith streets and the Parramatta River, in the CBD to discuss a draft urban design framework for the block, in which council owns a substantial parcel of land. Key objectives include activating the river frontage, increasing pedestrian access, continue provision of public parking and encourage opportunities for the right balance of commercial, residential, retail and cultural development.