600 people have a home in build-to-rent project

MORE than 600 people will have a safe place to call home as part of a new build to rent project going on exhibition in Parramatta.

Member for Parramatta, Donna Davis said the $625 million mixed use development on Fitzwilliam Street in Parramatta could provide 316 units for more than 600 renters as well as support 1,500 construction jobs.

“Build to rent projects like these are vital to help people in need get a roof over their head and provides a new level of housing security,” Ms Davis said.

“The Fitzwilliam Street concept proposal is one of 19 build-to-rent developments currently in the NSW Planning system.

“Projects like these could pave the way for approximately 6,600 new homes with more than 2,400 earmarked for Parramatta alone.

“It’s great to see this build-to-rent proposal moving through the planning system to offer tenants long-term security over their lease.

“We really encourage the community to have its say.”

If approved, the development would be based over two towers, one will be 33 storeys and the other 47 storeys. The development will also include new office space, retail, a rooftop swimming pool and bar as well as gym, co-working space and other amenities.

“This is a well-connected project with housing close to existing infrastructure, including train and bus services at Parramatta Railway Station, Westfield Shopping Centre and other high street shops and services within walking distance,” Ms Davis said.

“The build to rent model often allows renters to make changes to units such as painting bedrooms and there are shared facilities and communal outdoor spaces for residents to enjoy,” she said.

Issues raised during the exhibition must be addressed by the applicant before the Department of Planning and Environment carries out an assessment of the proposal.

If approved, the applicant would also need to carry out a competitive design process before lodging an application for the detailed design and construction of the development.

For more information visit https://www.planningportal.nsw.gov.au/major- projects/projects/fitzwilliam-and-argyle-streets-build-rent

Image: Vacant land in Parramatta.


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