Work has officially started on the $60 million 14-storey office tower to be built next to Hurstville's recently opened public square.
A ground-breaking ceremony was held yesterday for the Coombes Property Group's One Hurstville Plaza development signalling the start of construction.
Designed by award winning architectural firm PTW Architects, the 14-storey mixed-use development will offer 8400sqm of A-grade office space over 11 floors and 1800sqm of retail space over three podium levels.
The project will create 1900 jobs, according to an economic assessment undertaken by consultancy firm Urbis.
Coombes Property Group Director Michael Coombes said the company was delighted to be delivering a high-quality mixed-use tower in such a strategic location in the Hurstville CBD.
He said the project would generate hundreds of jobs, be a catalyst for further regeneration of the Hurstville CBD, and increase the competitiveness of Hurstville as a business location of choice.
Coombes Property Group General Manager Development Pascal Bobillier said the company's vision for the new development is to provide premium commercial office space comparable to other major employment centres.
"We want businesses to be able to operate and continue operating in the St George region without compromising on the location, amenity, or quality of accommodation for their employees and customers," he said.
"Our tenants will have options ranging from smaller suites to full floors, as well as benefit from the panoramic 360-degree views and the tower design which promotes connectivity, productivity, and wellbeing," Mr Bobillier said.
According to the economic impact assessment undertaken by Urbis, One Hurstville Plaza development will be a major urban renewal initiative for the Hurstville CBD.
It will deliver 20 per cent of the Hurstville CBD employment targets, increase retention of local residents working in the Local Government Area above the current rate of 18 per cent, and will attract and retain businesses that may not otherwise locate in Hurstville.
It will also increase land values that will in turn increase rate revenue to Council; and will increase activation, passive surveillance, and amenity to Hurstville Plaza.
Georges River Council Deputy Mayor Sam Elmir said this development represents significant investment in Hurstville CBD and will help to build more local jobs while strengthening economic growth for the long-term.
"The proximity to the council's newly-opened Hurstville Plaza offers a unique advantage as people can relax in the open space or work remotely in the open air as the Plaza has been designed with smart features including two eight-seat 'smart stations' with USB ports," Councillor Elmir said.
Construction of the project is expected to be completed by the end of 2020.