Sky-high cocktail bars aplenty in Parramatta
Even more apartments are planned for Parramatta, but the battle between developers has now morphed into which project has the best sky-high cocktail bar.
A 54 storey residential-hotel high-rise at Parramatta will be sold off the plan next month.
As Sydney's second CBD sees dramatic changes to its skyline, Coronation Property had Woods Bagot design the 8 Phillip Street tower to include a rooftop bar, subject to final approvals.
The five star hotel with rooftop bar will sit above 35 levels of apartments that sit above the existing heritage St Andrew's Church and St Andrew's Hall.
"We are deeply committed to delivering world-class architecture and creating a home that all the local community loves," said Coronation Property managing director Joe Nahas.
"Wood Bagot’s design for ‘8 Phillip St’ will set the benchmark for mixed-use apartment projects not only in Parramatta, but internationally."
"Australia is very fortunate to have some of the world’s best architectural creatives who understand our local culture and bring international expertise to the project.”
There's already another Sky Bar bar planned for Parramatta atop V by Crown (pictured above), the nearby $309 million mixed residential-hotel development which is nearing completion.
The sky bar will open next February.
Designed by Sydney-based Allen Jack + Cottier and Koichi Takada Architects, the V by Crown bar will offer views of the Blue Mountains, Sydney CBD and back to the Sydney harbour.
The internal bar area with direct lift access spreads across 275 sqm of internal space and a 90 sqm outdoor terrace, Crown Group director of sales, Roy Marcellus said.
“There is a huge demand for bars like this in Parramatta; offering luxury style in a relaxed atmosphere," he said.
Developed by Iwan Sunito and Paul Sathio, the 590 luxury apartment block has studios for sale from $550,000, one bedrooms from $729,000, two bedrooms from $920,000, and a three bedroom apartment for sale at $1.2 million.
On the planning horizon, the veteran Lang Walker is developing Aspire tower, a 90-storey block which will need development approval by the aviation authority due to its height.
Bates Smart has been selected to design the $700 million tower which will be Sydney's tallest if completed to plan.
The Parramatta River is also changing face, as the $550 million development, The Promenade is launching its third and final stage of apartments.
Construction has already commenced with completion expected in early 2018.
A CommBank Property Insights report calculated 1500 unit completions in Parramatta in 2017.
Parramatta and its surrounding suburbs are expected to accommodate 60-70 percent of Sydney’s growth over the next 25 years.
When he was the Lord Mayor of Parramatta Cr Paul Garrard said the development taking place in Parramatta totals $12 billion worth of projects in the pipeline.
"It’s very exciting to see large projects such as this nearing completion and offering new housing to Parramatta’s ever increasing workforce and population.”
Parramatta’s population is forecast to grow 24 per cent by 2036, from a total of 190,495 to 236,864.
Estate agent John McGrath recently described Parramatta's property market as on 'serious turbocharge'.
He indicated one of the reasons was the activation of the river which had "for many years been a forgotten waterway."
It's not just the skyline thats been changed but also the street scape, Neil Perry being the latest chef to head out west and join the likes of Jamie Oliver in opening up eateries.
(The architect impression is level 26 at V by Crown)
