Parramatta Square has been given the green light for its first stage of development, expected to reach completion by late 2015.
The Joint Regional Planning Panel granted approval for the project’s development application.
Leighton properties won the rights for Parramatta Square in July.
Leighton properties managing director Mark Gray said it would be the company’s fourth commercial building in Parramatta.
“On completion we believe it will set new benchmarks for the Parramatta CBD in terms of architecture and sustainability initiatives,’’ Mr Gray said.
Parramatta lord mayor John Chedid has introduced two design competitions for the remaining Parramatta Square projects, the public domain and stages four to six.
He said the the council was working with Alfasi Property Developments to deliver stage three of Parramatta Square.
“[This] development will provide the foundation for growth in the city,” he said.
“[It] will create a future city based on good urban design, which is environmentally sustainable, with vast, vibrant beautiful spaces and an integrated public transport system” Cr Chedid said.
Parramatta Square will accommodate up to 13,000 workers.
The project has been registered under the Green Star Communities Pilot Rating Tool.