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Oct
4
2016

PARRAMATTA’S NIGHT-TIME ECONOMY SET TO TAKE OFF

(Sydney, Australia) Friday October 04, 2016 – A stylish new development in Western Sydney is set to become the latest addition to Parramatta’s growing night-time economy.

Parramatta will soon reap the rewards of a boost to its after-hours economy when a host of new venues open to the public next year; including three evening-trading restaurants and a bar at V by Crown Group on Macquarie Street.

Joining the already announced Burger Project from celebrity restaurateur Neil Perry, two new dining outlets; The Shed café and Shakudo Japanese restaurant will open on the ground-level of V by Crown Group early next year.

A stunning level-26 cocktail bar with sweeping views of Sydney’s CBD and Sydney Harbour Bridge is set to be Parramatta’s highest bar when it opens next year.

Recent announcement comes just weeks after it was revealed short-film festival Tropfest will move to Parramatta in 2017, adding to more than 30 events hosted at the Parramatta Park each year.

Parramatta attracted an average of 1.5 million visitors per year in the three years to 2012, a number expected to jump as Western Sydney’s population increases by a forecasted 1 million people by 2031.

Recently awarded an international architecture award for its modern design, V by Crown Group will include 590 apartments and hotel suites, and resort-style residents’ amenities including a swimming pool, gymnasium and library.

The new restaurants and bars will be closely followed the opening of Skye Hotel Suites within the luxury V by Crown Group development in mid-2017.

The development’s ground-floor retail area will feature free WIFI for the general public available before and after 5pm and a unique archaeological display visible from ground level 24-hours a day.

Crown Group CEO Iwan Sunito said Australia was witnessing Parramatta emerge as true city of the future.

“Parramatta is already attracting the best and brightest executives during the day and V by Crown Group will help entice a record number of visitors contributing significantly to the city’s night-time economy next year,” Mr Sunito said.

“Done well, Parramatta’s night-time venues will be a drawcard for domestic and international tourism, and
provide many opportunities for economic growth and benefit.

V by Crown Group will inject new life into Parramatta’s nighttime economy,” he added.

Hundreds of residents are set to move into V by Crown Group in 2017.

Administrator of City of Parramatta Amanda Chadwick said it was an exciting time for Parramatta, with the city experiencing unprecedented growth as it fulfills its role as Sydney’s dual CBD.

“Parramatta is a vibrant and diverse city that offers a wide range of experiences for locals and visitors alike.  Council is very happy to see continuing growth in the number of quality food offerings in our city, which serves to confirm and reinforce Parramatta’s reputation as a true food and events destination,” Ms Chadwick said.

Crown Group National Development Director Pierre Abrahamse said V by Crown Group’s dining and retail precinct would become a new meeting place in Parramatta.
“Parramatta’s new bars and restaurants are grabbing the attention of Sydney’s after-five crowd, but no other bar will match the views on offer at V by Crown Group’s bar on level 26 opening in 2017,” Mr Abrahamse said.

V by Crown Group’s ground-floor dining and retail precinct will be a popular new meeting place in Parramatta; home to three new food and beverage outlets set to open after 5pm; attracting style seekers, foodies and art aficionados after hours.

“More and more students, executives and families are moving close to the city centre and looking for a place to relax and unwind in a modern setting,” he added.

Outside the city centre, a new 18 000-capacity outdoor venue opening until 11pm, The Crescent recently opened after $6-million in government investment.

The three restaurants at V by Crown Group are set to open in Autumn 2017, with the level-26 bar to open later in the year.

ENDS

 

Media Interviews

 

Crown Group CEO Iwan Sunito and Crown Group National Development Director Pierre Abrahamse are available for a limited number of interviews on request.

 

Editor’s Note

Images and video are available upon request including artist impressions, launch videos and computer-animated ‘fly-through’ footage of selected Crown Group developments.

 

Media Enquiries:

 

Kate Prideaux, General Manager of Communications & Public Relations

(02) 9925 0088 or 0401 863 436

kateprideaux@crowngroup.com.au

 

Serena Zhu, Communications Executive

(02) 9925 0088 or 0429 459 510

serenazhu@crowngroup.com.au

 

About Crown Group

Crown Group Holdings (Crown Group) is a leading Australian property group specialising in property development, property investment and serviced apartments.

The company was co-founded by architect Mr Iwan Sunito and engineer Mr. Paul Sathio with its first project in 1996.

Iwan Sunito graduated with Bachelor of Architecture (Hons) and Master of Construction Management from University of NSW. In 1993 Iwan became a Registered Architect in NSW and was awarded the UNSW Eric Daniels award for excellence in residential design.

In recent years Iwan received a number of awards including Indonesia’s Property & Bank Magazine Golden Leadership Award 2013, the 2013 Congress of Indonesian Diaspora Entrepreneur award and named a winner in the 2013 Ernst & Young Entrepreneur of the Year Awards. Iwan Sunito was also named Urban Taskforce Australia’s 2015 Property Person of the Year

 

Paul Sathio graduated with a Bachelor degree in Civil Engineering from University of Technology Sydney (UTS) and a Masters of Engineering Science from University of NSW. Paul has more than two decades’ experience in the construction and development industry.

Past and recent projects

Since the company was founded in 1996, Crown Group has successfully completed major developments in Sydney’s best locations including Bondi, Bondi Junction, Parramatta, Ashfield, Epping, Homebush, Newington, Pennant Hills and Rhodes and most recently Viking by Crown, a 10-storey residential complex in Waterloo.

Today, Crown Group boasts a large portfolio of projects under development and in the pipeline and is currently developing five major projects; Infinity by Crown Group in Green Square, the 29-storey V by Crown Group in Parramatta, 20-storey Skye by Crown Group in North Sydney, the popular inner-west development Oasis by Crown Group and a 22-storey residential tower Arc by Crown Group in the heart of Sydney’s CBD.

Awards

Crown Group was recently awarded the Urban Development Institute of Australia (UDIA) NSW President’s award – considered one of the highest property development accolades in Australia – for its seven-tower, resort-style development Top Ryde City Living.

Top Ryde City Living was also named best High-Density Development in Australia at the UDIA awards for excellence 2014 and a Master Builders Association Excellence in Housing award 2013. Crown Group’s innovative, waterfront development Sanctum by Crown was awarded a Master Builders Association Excellence in Housing award 2012 and its hugely-successful ICON at Homebush was awarded HIA’s (Housing Industry Association) CSR Housing Awards 2007 Apartment Project of the Year.

 

Future launches

Crown Group will launch an exciting new project Waterfall by Crown Group in 2017. The growing company will also open its first hotel suites, Skye Hotel Suites in Sydney next year.

www.crowngroup.com.au

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