High-rise hotel, towering twin buildings in proposed Compass Centre redevelopment
A $200m mega-development left in limbo for more than six years has been resuscitated, with the massive transformation set to change the Bankstown CBD revealed.
The Express
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A $200m mega-development has been resuscitated after being left in limbo for more than six years, with planning documents revealing the massive transformation set to change the Bankstown CBD.
Three high-rise buildings are in the pipeline as part of masterplanning to revamp the local CBD by redeveloping the old Compass Centre site.
If approved, a 19-storey hotel with 169 rooms would be built alongside two 24-storey shop top residential buildings, comprising 339 units, on an 8175sq m site.
The buildings, proposed by Barings Real Estate Australia in partnership with Aware Real Estate, would be the tallest the city has ever approved.
The new proposal follows transport-oriented development rezoning coming into effect in November in a bid to accelerate housing delivery in precincts like Bankstown CBD, with the site located just a short walk from the upcoming Metro station.
According to the plans, all three towers will be built on top a five-storey “podium” – a mixed-use building that will feature internal pedestrian walkways, food and shopping retailers.
The project would also involve the construction of a gym, childcare centre, medical centre, and a metro supermarket.
A two-level basement carpark will comprise a total of 279 residential parking spots.
According to the City of Canterbury Bankstown’s 2021 masterplan, the redeveloped Compass Centre will help deliver up to 50 per cent of the new jobs forecast in that document.
This is not the first time redevelopments have been proposed for the site, which one councillor previously described as “derelict”.
Plans were initially lodged with the council in 2015 to develop four high-rise towers, spanning 83-99 North Terrace and 62 The Mall.
At the time, the project was criticised as “overdevelopment” that would increase density and create an “unfair burden” for the community.
However, in 2018, a former developer put the site up for sale despite being well advanced with plans to build 471 apartments.
The site, which was already about 80 per cent vacant at that time, was listed for $60m.
The new development application will remain open for public submissions until December 17.
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