Ok, I underestimated the size and number of passive components around W5500. I was hoping to assemble on only one side, but I either need to increase size or assemble on both sides. This is 0805 components. I can use less space with 0603 and choosing a smaller x-tal. But, 0603 start to get difficult to place manually.
The demo board uses 0201 components, so if I had access to a professional assembly line this would not be an issue at all, but as a hobbyist doing prototypes you need to make these considerations.