The race is on to develop what could be Sydney's tallest building, with four local companies vying for the rights to build Aspire towers, an apartment and hotel project in the Parramatta CBD, in Sydney's west, tipped to be more than 300m. Developers Leighton and Walker have been short-lised to undertake the building, while Parramatta-based Dyldam and private company Centurian Custodians are also in the running. Final plans from the bidders are due in April, with a preferred developer to be chosen in the next few months.
The $700 million tower will be a landmark project for Sydney's second biggest CBD and will be part of the broader $2 billion Parramatta Square precinct.
Parramatta City Council has proposed that Aspire Tower will stand 90 storeys, yielding 700 apartments in the higher levels, a 150-room hotel in the lower levels and ground-floor retailing. While the council has chosen designed by Grimshaw, the bidders are allowed to submit their own designs. Some of the parties are epxected to propose a lower height for the building, due to question marks over whether the 336m Grimshaw designs - including rood spires - would be approved. It is understood that the council will not accept a design of less than 65 storeys and will favour designs that reach higher. The council is lobbying the NSW and federal governments to allow for towers to rise 500m-high in a big to stoke development in the suburb, widely regarded as a key growth precinct. It also wants to create a no-fly zone over Parramatta, as flight paths create additional height limits.
Source: The Australian - Friday 20th March 2015