Massive project for Bankstown would cost more than $200 million

A DEVELOPER who is trying to create the four tallest high-rise buildings Bankstown has ever seen has revealed the cost of the total project would top $200 million.

An artist's impression of the proposed development for the compass centre, Bankstown.

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A DEVELOPER who is trying to create the four tallest high-rise buildings Bankstown has ever seen has revealed the cost of the total project would top $200 million.

The four buildings, at the Compass Centre at 83-99 North Terrace and 62 The Mall, would range in size from 19 to 24 storeys, becoming some of the tallest in southwest Sydney.

Nearby is the current tallest building, the Bankstown Civic Tower, which stands at 12 storeys (42m).

FS Property Group, the landowner and developer, is hoping to increase the maximum building height under the Bankstown Council Local Environment Plan 2015 from 53m to 83m.

“This development will regenerate the area and it will deliver better facilities and services to the people of Bankstown past, present and future,” an FS Property Group spokesman told The Express.

“We hope that the development, when completed, will invoke a sense of pride for the people of Bankstown.”

Another artist's impression of the exterior.

An artist's impression of the foyer.

The spokesman said 350 jobs would be created in the construction of the towers which will have 471 residential units and almost 800 car spaces.

Canterbury-Bankstown Council is hoping to enter into a voluntary planning agreement which will allow part of the development to be a new administration building for council staff.

Among other things, the Compass Centre currently contains a pawn shop, gym, hair salon and butcher.

Director of H3 Architects Susan Teng, who was responsible for the development’s design, said she was pleased with the final result.

The current site. Picture: Tim Clapin

“The intent is to set a new design benchmark for Bankstown. It provides a quality retail and dining precinct for this part of Bankstown and sits very comfortably against the backdrop of Paul Keating Park,” she said.

“This part of Bankstown as it currently stands is quite fragmented and we are confident that this project will encourage further consolidation of lands.”

The proposal, to be decided by the Sydney South Planning Panel, is on public exhibition until May 12.