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EOI deadline + City Centre proposals + Coming up

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Penrith is New West

EOI deadline for City Centre sites

The Expression of Interest for Reserve Street and Union Road closes on 22 January. Penrith Council has asked investors for bold ideas for the two sites which fall within, or near, the Living Well Precinct. Economic Initiatives Manager Kylie Powell said response to the first City Centre EOI had been strong. Council hopes to finalise a shortlist of proponents by March, so a Request for Proposal process can get underway. This will see successful proponents expand on ideas, that fit with Council's visioin. Click for more information on the EOI

City Centre apartment proposals

Planning proposals currently before Penrith Council would deliver up to 4,000 apartments in the City Centre. One proposal for 164 Station Street (top), also known as the former Panasonic or 'Parkview' site, includes 2,000 residential dwellings. The urban design report, prepared by PTW Architects for SHMH Developments Pty Ltd, says: "This vision respects and acknowledges the significance of the area including the city’s urban vibrancy adjacent to the Blue Mountains. A combination of apartment types will enjoy high levels of amentiy through solar access, cross ventilation and views." Another proposal, for the Sinclair Hyundai site at High and Union Streets (second pic), is for mixed use development incorporating at least 850 apartments. A third is for a mixed use development including apartments, at Thornton. The plan, created by DKO for St Hilliers and First Point Projects, says: "This vision will maximise the liveability of the area by increasing the supply and choice of housing... it seeks to assist Penrith in fulfilling its potential and vital role as one of Sydney’s regional city centres." Get more information on the proposals
Council is seeking to amend Penrith LEP 2010 to allow increases to current building height and Floor Space Ratio (FSR) controls for land identified as a 'Key Site' - like in the proposals outlined above. The report endorsed by Council in December says: "It is important to apply a sophisticated and contemporary approach to manage the way in which higher buildings are facilitated in the City Centre. The proposed incentives clause can provide such a mechanism."

Coming up in the New West

Council is developing a comprehensive Economic Development Strategy (EDS) for the City, based on detailed research, workshop feedback and a business sentiment survey.  Results will be released in coming months.
Expressions of Interest will be sought for the delivery of a City Park and adjoining mixed-use development.  The vision is to create a City heart with links from the park and development through to High Street.  Read more
Penrith Council is testing the demand and feasibility of short-term accommodation in the City, following the creation of a Destination Management Plan in 2015.  The study includes hotels, serviced apartments and holiday parks.  Results will be available soon.
Western Sydney University research is among the best in the world. The university has achieved its best ever evaluation in the Excellence in Research for Australia (ERA) round. Eleven of the University's research disciplines were rated Level 5, meaning they are "well above world standard". Congratulations from the New West team!
Are you a motivated, energetic property professional who can help create the New West?

Penrith Council is looking for a Property Development Manager to drive Council's new Property Strategy. 

You will work closely with the Economic Initiatives team to realise the Penrith Progression vision.

Come and build Penrith with us

Get more information
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