Tiberius Approved for $1.2bn Precinct at Parramatta
A $1.2-billion precinct proposed for Parramatta has been waved ahead.
WA-based developer Tiberius’ contentious seven-tower plan for 1 Crescent Street, Holroyd has now been approved by the NSW Department of Planning, Housing and Infrastructure.
The SSD development, known as Crescent Parklands, will rise on a site previously an industrial facility that has remained largely vacant since 2018 when WesTrac, one of the world’s largest Caterpillar earthmoving equipment dealers, moved out.
Designed by Woods Bagot, the greenlit precinct’s towers will rise between 21 and 38 storeys and create 1227 apartments.
Building A is 38 storeys with 240 apartments, Building B is 32 storeys with 200 apartments, Building C is 30 storeys with 180 apartments, Building D is 28 storeys with 170 apartments, Building E is 25 storeys with 160 apartments, Building F is 22 storeys with 137 apartments, and Building G is 21 storeys with 140 apartments.
Of the apartments across the precinct, 201 are designated as in-fill affordable housing.
The precinct will also include 2500sq m of retail floorspace and 5000sq m of commercial floorspace.
Communal open space will be provided at ground and rooftop levels, while above-ground car parking accommodates 1617 vehicles.
Each building will have its own distinct design treatment and setbacks to respond to site conditions and surrounding context.
The development will be accessed via a new internal public road connecting to Crescent Street.
Additional works include staged construction of a public park, publicly accessible through-site links, landscaping and place-making works, and upgrades to the Crescent Street-Woodville Road intersection, as well as widening of Crescent Street.
Submissions received during the public exhibition period held from February 7 to March 6 of last year included concerns from the Cumberland City Council regarding bulk and scale, traffic and transport impacts, contamination, and the provision of local infrastructure.
Sydney Water provided technical advice on servicing requirements. Submissions from the public highlighted potential impacts on pedestrian safety, transport capacity, and the surrounding community.
However, the design verification statement prepared by architect Jason Fraser of Woods Bagot confirmed that the proposal complied with relevant elements of the NSW Apartment Design Guide.
In its approval, the state found that, subject to conditions of consent, the development was appropriate for the site and provides the necessary infrastructure and environmental protections.
Crescent Parklands is about 1.4km south of Parramatta’s CBD.
Tiberius is a diversified Western Australian group that has delivered large-scale masterplanned projects in Perth and Newcastle.
The Crescent Parklands project had been “years in the making”, the application from Urbis said in its report for the 2025 development application, requiring rezoning of the land from an industrial-employment zone to a mixed-use and high-density residential area.
Rezoning for the site was approved in 2022, but it faced considerable opposition.
An initial concept development application from 2023 was refused by Cumberland City Council, after which the proponent appealed to the Land and Environment Court, before withdrawing it.
The plans were originally associated with ACE Property, the development arm of media entrepreneur Ryan Stokes, chief executive of Seven, according to media reports. It is unclear when the project changed hands.
