During a high-profile launch event, the Rosehill-Camellia Investor Consortium (RCLA), comprising Wentworth Properties, Billbergia, Abacus Property, and the Australian Turf Club, is rallying for collaboration with the New South Wales Government to roll out a comprehensive blueprint for a massive $25 billion project spanning 90 hectares in Western Sydney.
Set to be completed by 2050 in the Rosehill Racecourse and Camellia Town Centre area, RCLA envisions fostering a vibrant community, new ferry terminals, light rail, and metro stations to access Parramatta River waterways.
Investor Consortium Unveils $25 Billion Transformation Plan for Western Sydney
The comprehensive plan anticipates a Town Centre core with 45,000 new residences, including affordable housing. The project integrates retail spaces, educational and commercial centers, alongside essential community facilities, public spaces, and crucial infrastructure.
Above all, proposed public spaces encompass a 350m-long beach and 1.5km riverfront along the Parramatta River, transforming the landscape of Rosehill-Camellia.
“This is a once-in-a-lifetime opportunity to develop a comprehensive ‘city within a city’ strategic model while opening up waterway access – transforming the former industrial wasteland. This will help Parramatta fulfill its mission as a global city alongside Sydney,” stated Rick Graf, Development Director of Billbergia.
“In scale, the total area is four times that of Barangaroo, accommodating 100,000 people, generating over 15,000 jobs.”
“This will be the largest development project in the history of the Central River city and a significant factor in creating an entirely new playing field for Western Sydney,” he added.
This transformative project is poised to stimulate a premium economic hub in Western Sydney, enabling seamless movement between Westmead, Parramatta, and Camellia through a new Metro line.
Camellia, once an industrial area facing declining job opportunities since the 1970s, is now gearing up for revival. With strategic transportation infrastructure such as the Parramatta light rail and Metro West, the master plan charts a comprehensive strategy for the area’s progress over the next 50 years, supporting housing supply and contributing to elevating the Central River city’s position.
RCLA members are urging the New South Wales Government to collaborate with investors and the Council to develop an innovative, region-optimized comprehensive plan. RCLA members include Wentworth Properties, Billbergia, Abacus, and the Australian Turf Club.
“We aim to apply international standards to create value for both the Government and the economy. The new comprehensive plan needs to have collaboration at the highest level between the government and investors, requiring high-level expertise to realize the grand vision,” Graf noted.
The significance of Camellia-Rosehill in the Parramatta economic corridor and the Olympic Peninsula (GPOP) cannot be overstated. By 2041, the area will evolve with service industries and a circular economy, and new entertainment facilities facilitated through infrastructure upgrades like light rail, public transport, and road connections.
Prime central town center designs, near light rail stations, are considered community focal points, ensuring seamless connectivity between residences, jobs, and public transport. New open public spaces, community facilities, and pedestrian and cycling areas are enhanced.
Additionally, the development of new urban service areas and retention of heavy industrial land aim to solidify Camellia-Rosehill as an employment hub. The comprehensive plan emphasizes conserving and enhancing critical environmental features such as the Parramatta and Duck Rivers and floodplain areas. The rich cultural heritage of Camellia will be preserved and enhanced, with community Aboriginal input on all innovations.
Source: australiandevelopmentreview.com.au