An injection of business and residential activity is set to take place in Bankstown CBD following the recent approval of two major multistorey developments.
Residents from throughout the City of Bankstown, including Milperra, are expected to benefit from the projects, which will deliver a mix of residential and business tenancies.
The Sydney West Joint Regional Planning Panel (JRPP) approved the developments, which are planned for 8-14 West Terrace and 190 Stacey Street in Bankstown.
Business Forms an important aspect of both projects, with 12 commercial outlets and 143 apartments planned for the $35m West Terrace development, and a further two commercial operations and 106 apartments planned for the $30m two-tower Stacey Street construction.
Bankstown Mayor Khal Asfour welcomed the growing investment into the local economy, which he said had been increasing steadily due to the area’s close access to direct bus and train connections to Sydney, and major transport routes including the M4, M5, and Hume Highway.
He said there was a need to create additional retail and residential facilities to cater for the City of Bankstown’s burgeoning population, which is expected to swell by a further 30,000 by 2035.
According to the Mayor, investments such as the latest development approvals will also boost job opportunities and the need for further trades, such as marketing services, booklet printing, and promotional services.Get a Free Quote for Forms
