Plans are afoot to transform a stretch of land along the Parramatta River into a proposed $25 billion new community with 45,000 new homes.
The Rosehill-Camellia Landowners Alliance (RCLA), a consortium of four major landowners, are looking to the NSW Government to collaboratively deliver a new masterplan for a proposed $25 billion new community on an amalgamated 90-hectare site in Western Sydney.
RCLA members include Wentworth Properties, Billbergia, Abacus, and the Australian Turf Club.
Set to be delivered by 2050 on the Rosehill Racecourse and Camellia Town Centre sites, the RCLA’s $25 billion vision will unlock access to the Parramatta River waterway with a new ferry wharf, light rail and Metro stations.
The proposed plan will also see a town centre developed as the heart of 45,000 new homes -including affordable housing – with retail, education and commercial space alongside community facilities, public open spaces and new infrastructure.
Camellia was once a major industrial precinct, but its role as an employment hub, has been in decline since the 1970’s, with a 91 per cent decrease in jobs since its 1976 peak.
“This is a once-in-a-century opportunity to plan strategically for an entire ’city-within-a-city’, while also unlocking access to the riverfront – activating, remediating, and beautifying what is now a former industrial wasteland,” Rick Graf, Development Director of Billbergia said.
“It will enable Parramatta to fulfil its destiny as a global city alongside Sydney. For scale, the combined site is four times larger than Barangaroo and will accommodate 100,000 people, generating over 15,000 jobs.
“It will be the largest development in the history of the Central River City and is a total game-changer for Western Sydney,” he said.
The Alliance members are calling on the NSW Government to collaborate with the Landowners and the Council to develop a new masterplan to optimise the amalgamated site.
“The new Masterplan needs to be a highest-level collaboration between government and the private sector investors, and must have the best international expertise to crystallise the broader vision,” Mr Graf said.