North Sydney Council has major plans for Cremorne carpark
CREMORNE is set to welcome a new $22 million carpark development that includes affordable housing, a cafe and early childhood centre.
North Shore
Don't miss out on the headlines from North Shore. Followed categories will be added to My News.
- Council unveils new parking technology
- Multi-million plans for North Sydney area
- Commuters lobby for bus shelter
- Could Sydney have its own High Line?
A CARPARK redevelopment at Cremorne is set to cost more than $22 million.
North Sydney Council has earmarked the site of the Parraween St Carpark for a major development.
But it doesn’t have the funds to cover the costs and plans to borrow $17.6 million to get the project off the ground. The move was approved in a vote at a recent meeting.
“Council recently commenced a controlled borrowing program utilising a line of credit debt facility which has sufficient funds to undertake this project,” a council spokeswoman said.
“The project is expected to be fully paid off over 20 years.”
The three-level underground carpark is planned to have 161 spaces and will offer two hours free parking. The car park currently accommodates only 57 vehicles.
The development will also include affordable housing units, early childhood centre, public park and cafe.
“While this project is referred to as the Parraween Carpark redevelopment, it is about much more than car parking,” the spokeswoman said.
Construction will take about two years and it is expected to start in the coming months. Council plans to call for tenders for construction next month.
The facility will serve the Mosman and North Sydney communities.
Mosman Council co-owns part of the current site where the early childhood centre is located and is a signatory to the development application which was approved last year.
The plan joins several other carpark projects on North Sydney Council’s books.
It is awaiting the opening of the Alexander St carpark in Crows Nest which underwent a renovation in conjunction with a new Woolworths supermarket.
Projects at Ridge St and Hume St are still in the planning and development phase.
Meanwhile, the Cremorne Orpheum cinema has welcomed the plan for the Parraween Carpark.
Deputy general manager Alex Temesvari said parking in Cremorne can be a “major inconvenience” for cinemagoers.
“Having more parking spaces provided by the council would definitely be great for our guests,” he said.
“This would really make coming to the movies much easier.”
Dramatic arrest when car crashes after alleged police chase
A man has been hit with a string of charges after allegedly taking police on a chase in a stolen Mercedes before it was involved in a crash on the northern beaches.
Inquest call 50 years after mystery disappearance of Sydney woman
A tormented family is calling for an inquest into the mystery disappearance of a young Sydney woman 50 years ago — they believe she may have been murdered.