en.Wedoany.com Reported - The New South Wales Department of Planning, Housing, and Infrastructure has recently officially approved a project with a total investment of US$1.2 billion. Named "Crescent Park," the project is led by the Tiberius Group, headquartered in Western Australia. Located at 1 Holroyd Crescent Street in Parramatta, the project plans to transform the former WesTrac industrial site into a large-scale urban complex comprising seven towers through extensive public facilities construction.
The site covers a vast area and has remained vacant since WesTrac relocated in 2018. According to the development report released in 2025, Tiberius rezoned the land, converting this industrial zone into a high-density residential and mixed-use area. Although the plan faced opposition from the local council after its approval in 2022 and encountered multiple rejections and withdrawn appeals during the concept application phase, it ultimately received state government approval for meeting the relevant requirements of the New South Wales Apartment Design Guide.
The public facilities construction project is designed by Woods Bagot, with key technical specifications as follows:
Residential Scale: Plans include 7 towers ranging in height from 21 to 38 stories, providing 1,227 apartments.
Supporting Spaces: Includes 2,500 square meters of retail space, 5,000 square meters of commercial space, and 201 affordable housing units.
Parking Capacity: Above-ground parking for 1,617 vehicles.
Public Spaces: Public open spaces on the ground level and rooftop, along with new internal public roads.
In terms of project execution, Tiberius must complete several key public facilities in phases, including upgrading the intersection of Crescent Street and Woodville Road, widening sections of Crescent Street, and constructing a landscaped public park. Sydney Water has provided technical advice on water supply and drainage systems to minimize the project's impact on traffic capacity and pedestrian safety in the surrounding community.
As a developer with experience executing large-scale planning projects in Perth and Newcastle, Tiberius supports urban expansion on the southern side of the Parramatta business district through high-density residential and supporting public facilities construction. The state government noted in its approval documents that the project implements environmental protection measures through infrastructure upgrade plans. With the approval process completed, the project will now enter the substantive construction phase, providing crucial housing growth for Sydney's western region.
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