- Written by Teela Griffin Penrith City Council (02) 4732 7777 (02) 4732 7958 email@example.com https://www.penrithcity.nsw.gov.au 601 High St Penrith NSW 2750 Australia
At Council's Ordinary Meeting on Monday, 29 May 2023, Council resolved not to pursue the delivery of the Soper Place Revitalisation project at this time due to the difference in market conditions from when the project commenced a number of years ago.
Council continues to move forward with our over $500 million of City-shaping projects that are planned or underway across the City and strives to continue delivering these to the highest standard through strong financial leadership.
Where is Soper Place located?
Soper Place is located between Belmore Street and Lawson Street in the Penrith City Centre with access via Lawson and Woodriff Streets.
How did Council arrive at this decision?
The planning for Soper Place commenced prior to the COVID-19 pandemic, and while the project originally commenced with a view to satisfying the demand for parking in the Penrith City Centre, it evolved to leverage Council’s investment in infrastructure and to meet design excellence requirements. With the final project including an integrated car park with commercial development consisting of 6,300sqm of ‘A’ grade office space.
As market conditions have changed significantly since the inception of the project and with development consent anticipated, late last year Council commenced its routine process of reviewing the cost of the development to inform a revised Capital Expenditure Report. This process is part of Council’s control measures to ensure our projects and programs meet the community and organization's expectations in terms of reasonable and responsible outcomes.
This process revealed that significantly more capital would be required to deliver this project at this time.
For this reason, and under our principles of responsible financial management, not pursuing this project at this time means we continue to move forward ín delivering the $500 million in City-shaping projects that we have that in planned or underway across the City.
How is Council revitalising the Penrith City Centre?
Council is committed to revitalising the Penrith City Centre with over $500 million of City-shaping projects either planned or underway across the Local Government Area. This includes work unfolding at Penrith City Park in the heart of the Penrith City Centre, where Council is building a significant green space approximately 7,000sqm in size, on the corner of Henry and Station Street.
City Park will create a natural retreat and provide space for everyone to meet, retreat, eat, be active and connect together in the City Centre.
Other projects outside of the Penrith City Centre include Regatta Park, Gipps Street Recreation Precinct, and the St Marys Town Centre, including a new Central Park and City Centre renewal.
This significant program of work ensures that Council continues to build and transform our City into the most liveable in the State for residents and businesses now and into the future in the most financially responsible way.
Penrith City Centre: an active and vibrant business district?
The Penrith City Centre remains a vibrant and dynamic economic hub. Council’s decision to not pursue the delivery of Soper Place at this time has enabled the site remain open to the community as at-grade parking. This means parking for shoppers, visitors and commuters, in the City. Providing parking close to the City Centre will continue to support ongoing business activity throughout the Penrith CBD.
What’s currently on the site?
The Soper Place site currently has 126 at-grade all day car parking spots that are open for the benefit of shoppers, visitors and commuters in the Penrith City Centre to support local businesses.
What work has been completed at the site to date?
Progress to date on the project has included completion of the required infrastructure to service the site for future development, including underground services and utilities. These important works have de-constrained the site, making it ready and available for future development. This approach is in line with Council’s wider objectives of responsible financial management and strategic planning for the long-term benefit of the community.
How is Council ‘Cooling the City’?
Council remains dedicated to the Cooling the City initiative, which includes the successful delivery of Penrith City Park, set to be completed in early 2024, along with several other initiatives including significant tree planting programs, waste and resource recovery initiatives that generate a circular economy and upgrades to Council’s nursery facility.
Council continues to maintain its commitment to sustainable design and architecture and will prioritise environmental responsibility and award-winning practices wherever possible.
Where can I park in the Penrith City Centre?
The at-grade car park at Soper Place remains open for the benefit of shoppers, visitors, and commuters, to the Penrith City Centre. Council understands that parking is a key concern for residents and as such, will continue to review our car parking strategy to ensure it aligns with the needs and aspirations of our community and businesses. Council is committed to delivering efficient, safe and accessible car parking solutions that enhance the overall liveability of the Penrith Local Government Area.
Additionally, nearby 9-hour parking (243 parking spaces) is available at North Street car park, located on the corner of Henry and Doonmore Street, approximately five minutes walk from Soper Place.
To find out more about available parking in the Penrith City Centre, you can download Penrith’s Parking app ParkPenrith, or download a printable map or view our interactive map at: penrithcity.nsw.gov.au/parking.
How can I get more information?